Latest Forum Topics /
SIA
Last:6.9
-0.05
|
 Post Reply
|
|
SIA revived
|
|||
|
Playsafe
Member |
17-Sep-2021 12:10
|
||
|
x 0
x 0 Alert Admin |
Yes, as recovery happens, cost pressures will increase. And not just JSS. When there are more planes flying, expenditure will also increase, and SIA will need to fill up much more than17% of the seats to make profit. With more planes in the air, overall cargo capacity will also increase significantly, so cargo rates and cargo load factor and yields will slowly revert to pre-covid levels, so getting more passengers will be crucial. Currently, operations are mainly supported by cargo. |
||
| Useful To Me Not Useful To Me | |||
|
jackass
Member |
17-Sep-2021 11:43
|
||
|
x 0
x 0 Alert Admin |
https://www.channelnewsasia.com/singapore/aviation-support-package-wage-support-budget-2021-870-million-356591 --------------------------------------------------------------------------------------------------------------------------------------------------------------------- With the provision of Jobs Support Scheme (JSS), a total of 8.8 billion SGD was used up ... " Under a six-month extension to the Jobs Support Scheme (JSS), aviation companies will receive wage support of 30 per cent from April to June, and 10 per cent support for wages from July to September. " After Sept 2021, the JSS is no more ...
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Playsafe
Member |
17-Sep-2021 11:36
|
||
|
x 0
x 0 Alert Admin |
Not likely so soon. SIA still has 6.2b from the 2021 MCBs. They have guided that capex will be at least 4b per year + 300m-400 million qtrly loss. They have also guided that the 6.2bn will last them well into FY22/23. So can wtch out from the 2nd half of FY22-23, around Sep next year. If they are still not profitable by then, then anything is possible. From Aug operations statistics, they are only at around a third of pre-covid capacity (total seats availabe for sale), and only 17.5% of those seats are filled (passenger load factor). So profitability still way off, but anybody' s guess if it will happen within a year. Possible also that they may use lines of credit, take up debt iso rights/mcb issue, but their balance sheet will not be so good, and they will be saddled with interest payments. Dyodd |
||
| Useful To Me Not Useful To Me | |||
|
y2jchris
Veteran |
17-Sep-2021 11:08
|
||
|
x 0
x 0 Alert Admin |
another round of rights coming? Since bo liu liao
|
||
| Useful To Me Not Useful To Me | |||
|
Beta21177
Member |
17-Sep-2021 09:46
|
||
|
x 0
x 0 Alert Admin |
4.8 holding well ....... but for how long? | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Joelton
Supreme |
17-Sep-2021 09:43
|
||
|
x 0
x 0 Alert Admin |
Singapore Airlines uses up last $600m of $8.8b from 2020 rights issue
SIA said the use of proceeds for the whole amount raised in the rights issue is in accordance with the intended use of proceeds.
Singapore Airlines (SIA) on Thursday said that it has exhausted the $8.8 billion in gross proceeds raised from its rights issue in June last year, with the last $600 million having been used for aircraft and aircraft-related payments between July 1 and Sept 1.
In a filing to the Singapore Exchange, the flag carrier said that the net proceeds of $6.2 billion from the issuance of additional mandatory convertible bonds (MCBs) in June this year had yet to be utilised as at Thursday.
SIA said it has also raised $21.6 billion in fresh liquidity since April 1 last year. The group added that, in addition to the cash on hand, it continues to retain access to $2.1 billion of committed lines of credit that are currently undrawn.
As far as the 2020 rights issue goes, SIA spent the proceeds of $8.8 billion between June 8 last year and Sept 1 this year. SIA had used $2 billion of the proceeds for the repayment of the bridge loan from DBS Bank, which was set up in April last year to provide the liquidity required by SIA for the completion of the rights issue last year.
Other uses of the proceeds included $2.2 billion for operating expenses during the period, $1.4 billion for ticket refunds, $1.4 billion for aircraft and aircraft-related payments, as well as $1.8 billion for debt service.
SIA said the use of proceeds for the whole amount raised in the rights issue is in accordance with the intended use of proceeds.
The company added that it will remain prudent and proactive in managing its liquidity as international air travel continues to be affected by the Covid-19 pandemic.
While international air travel continues to be affected by the pandemic, the company will remain prudent.
|
||
| Useful To Me Not Useful To Me | |||
|
ckmpd1
Supreme |
17-Sep-2021 08:05
|
||
|
x 0
x 0 Alert Admin |
Covid is still raging. SIA is deeply in the red.
|
||
| Useful To Me Not Useful To Me | |||
|
Checkerman
Master |
17-Sep-2021 07:54
|
||
|
x 0
x 0 Alert Admin |
Yes keeping burning fuel and $
How to sustain
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
investor999
Elite |
17-Sep-2021 07:17
|
||
|
x 0
x 0 Alert Admin |
Well..it looks like SIA will plunge down today. | ||
| Useful To Me Not Useful To Me | |||
|
TradeExpert
Veteran |
17-Sep-2021 04:49
|
||
|
x 0
x 0 Alert Admin |
Singapore Airlines uses up last S$600m of S$8.8b from 2020 rights issuehttps://www.businesstimes.com.sg/transport/singapore-airlines-uses-up-last-s600m-of-s88b-from-2020-rights-issueThere is also lack of clarity on the flight operations to some countries such as Australia. A number of schedule flights are cancelled this week. If SIA keeps calling for fundings and rights issue, eventually the value for each shareholders will be devalue especially when those bonds matures. Just imagine the value is sliced by half overnight when payment is due to the bond holders and soforth. From current value of $4.x sudddenly becomes $2.x or lower. Will we see $2.x value? Trade with Caution. More Negative News expected and a very long route to recovery. |
||
| Useful To Me Not Useful To Me | |||
|
kepoh88
Veteran |
17-Sep-2021 02:09
|
||
|
x 0
x 0 Alert Admin |
Bad news coming
|
||
| Useful To Me Not Useful To Me | |||
|
Adrianinsing
Elite |
16-Sep-2021 21:12
|
||
|
x 0
x 0 Alert Admin |
SINGAPORE Airlines (SIA) on Thursday said that it has exhausted the S$8.8 billion in gross proceeds raised from its rights issue in June last year, with the last S$0.6 billion having been used for aircraft and aircraft-related payments between July 1 and Sept 1. In a filing to the Singapore Exchange, the flag carrier said that the net proceeds of S$6.2 billion from the issuance of additional mandatory convertible bonds (MCBs) in June this year had yet to be utilised as of Thursday. SIA said it has also raised S$21.6 billion in fresh liquidity since April 1, 2020. The group added that in addition to the cash on hand, it continues to retain access to S$2.1 billion of committed lines of credit that are currently undrawn.
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Adrianinsing
Elite |
16-Sep-2021 20:18
|
||
|
x 0
x 0 Alert Admin |
The most this dead cat bounce will reach is $5 It could drop below $4.84 on excessive selling soon If so then it would get support at $4.80 and if that does not hold then it' s $4.64 next stop
|
||
| Useful To Me Not Useful To Me | |||
|
jackass
Member |
16-Sep-2021 19:16
|
||
|
x 0
x 0 Alert Admin |
https://www.businesstimes.com.sg/transport/singapore-airlines-uses-up-last-s600-million-of-2020-rights-issue SINGAPORE Airlines (SIA) SIA: C6L +1.23% on Thursday said that it has exhausted the S$8.8 billion in gross proceeds raised from its rights issue in June last year, with the last S$0.6 billion having been used for aircraft and aircraft-related payments between July 1 and Sept 1. In a filing to the Singapore Exchange, the flag carrier said that the net proceeds of S$6.2 billion from the issuance of additional mandatory convertible bonds (MCBs) in June this year had yet to be utilised as of Thursday. SIA said it has also raised S$21.6 billion in fresh liquidity since April 1, 2020. The group added that in addition to the cash on hand, it continues to retain access to S$2.1 billion of committed lines of credit that are currently undrawn. As far as the 2020 rights issue goes, SIA spent the proceeds of S$8.8 billion between June 8, 2020 and Sept 1, 2021. SIA had used S$2.0 billion of the proceeds for the repayment of the bridge loan from DBS, which was set up in April 2020 to provide the liquidity required by SIA for the completion of the rights issue in 2020. Other uses of the proceeds included S$2.2 billion for operating expenses during the period, S$1.4 billion for ticket refunds, S$1.4 billion for aircraft and aircraft-related payments, as well as S$1.8 billion for debt service. SIA said the use of proceeds for the whole amount raised in the rights issue is in accordance with the intended use of proceeds The company added that it will remain prudent and proactive in managing its liquidity as international air travel continues to be affected by the Covid-19 pandemic. While international air travel continues to be affected by the pandemic, the company will remain prudent Shares of SIA closed on Thursday at S$4.92, up 1.2 per cent or S$0.06. |
||
| Useful To Me Not Useful To Me | |||
|
RL16EGG
Veteran |
16-Sep-2021 18:05
|
||
|
x 0
x 0 Alert Admin |
SIA stock price analysis: what&rsquo s the latest?Singapore Airlines shares are down by 3% this week. On Wednesday, the national carrier was forced to cancel dozens of passenger flights to Australia scheduled from October to December, due to a lack of direction from the Australian government regarding international travel. The group also reported its operating statistics for August 2021 on the same day. Group passenger capacity &lsquo remained steady&rsquo month-on-month at around 32% of pre-Covid-19 levels for the month, while passenger network remained unchanged at 67 destinations. The stock has fallen over 4% in the last one month, but is up by 14% year to date. In terms of outlook, SIA shares currently have a consensus target price of S$4.56, based on the latest analyst data published by SGX StockFacts. The price target equates to a potential 6.1% downside from its most recent price of S$4.86. UOB analyst K Ajith reiterated a &lsquo sell&rsquo call on SIA shares earlier this month while eyeing a target price of S$4.85, stating that a recovery has already been factored in. Australian flight cancellations: &lsquo not enough clarity&rsquo to operateThe Australian flight cancellations will reportedly affect some 30,000 overseas Australians who have been looking to return home since the government decided to restrict international arrivals in March 2020. Although Prime Minister Scott Morrison indicated the possibility of reopening the country&rsquo s borders once vaccination rates hit 80% back in July, there has been a lack of commitment on this front since, with international travel restrictions still in place. &lsquo We&rsquo ve had to make the very difficult decision that we simply can&rsquo t operate the two additional flights that we were hoping to do into Sydney and to other ports across Australia,&rsquo Karl Schubert, head of corporate affairs for Singapore Airlines South West Pacific, told ABC radio. &lsquo We just don&rsquo t have the clarity we need to have the confidence to operate.&rsquo &lsquo Until we receive advice from federal and state governments as to when international arrival caps will be removed, we continue to plan our operations to Australia accordingly,&rsquo he was further quoted as saying in the Sydney M |
||
| Useful To Me Not Useful To Me | |||
|
RL16EGG
Veteran |
16-Sep-2021 17:45
|
||
|
x 0
x 0 Alert Admin |
i m of the same view. covid cases likely to hit xxxx soon resulting knee-jerk selling and short selling to break below 4.8. drop to which next level, its anybody' s guess. 4.2 to 4.6 will be great buy.
|
||
| Useful To Me Not Useful To Me | |||
|
TradeExpert
Veteran |
16-Sep-2021 17:07
|
||
|
x 0
x 0 Alert Admin |
Dead Cat bounce. Likely to see SIA hovering around 4.83 for the next few days. New Support level at $4.6 and should be seeing heading towards this direction in the short term. With the new developments of Infection rates rising and likely to hit 1,xxx per day at current rate, we may see even much lower rates at $4.2 and below. |
||
| Useful To Me Not Useful To Me | |||
|
investor999
Elite |
16-Sep-2021 15:45
|
||
|
x 0
x 0 Alert Admin |
Glove cannot fly. Stupid | ||
| Useful To Me Not Useful To Me | |||
|
investor999
Elite |
16-Sep-2021 15:32
|
||
|
x 0
x 0 Alert Admin |
Now I ķ now why SIA couldn't fly for the past month. It was carying too much weight. Too heavy until we let it go.. Sell and sell and let it fly. Then when it pick up speed we hop on. Just keep close and be ready to catch | ||
| Useful To Me Not Useful To Me | |||
|
investor999
Elite |
16-Sep-2021 14:29
|
||
|
x 0
x 0 Alert Admin |
So damn sian with SIA. Range trading so long. Now I buy Top glove to average down my cost. Kenma whacked all the way down from $1.56. Damn sway | ||
| Useful To Me Not Useful To Me | |||