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Sats
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TikTalk
Supreme |
12-Oct-2022 10:43
Yells: "Anyone miss me?" |
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Below was what I posted on 5th October at my thread, dunno useful or not. SATS  -    Rights Issue Market talks of  $2.79  rights price is very interesting when I look at the chart of SATS. As you can see from the highlights on the chart, $2.78 was a previous high and  2.60-2.80 was a previous breakout area that became supported during covid sell-off.  Technically speaking these area of historical levels of resistances and supports are of significant importanance when considering entry level of a stock. All the    bre@st
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ckmpd1
Supreme |
12-Oct-2022 10:42
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Looks like financing for the acquisition has not been finalised or settled at this point.  That is why the eerie silence for the past two weeks.  Perhaps acquisition announcement on 28 Sep was poorly timed
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Adrianinsing
Elite |
12-Oct-2022 10:41
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Yes
Which will mean more rights needing to be issued which means more shares and thus more dilution and an even lower share price
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Shaneong
Senior |
12-Oct-2022 10:41
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Nah......I say very likely they will come out to say the rights issue will be of smaller proportion 
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ckmpd1
Supreme |
12-Oct-2022 10:36
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SATs may have to lower the Rights price.  $2.79 looks unstainable
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Adrianinsing
Elite |
12-Oct-2022 10:35
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Of course - at this rate it will be $2.50 next week and $2.30 the week after !!
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MARKWONG
Senior |
12-Oct-2022 10:35
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There is nothing can do but simply wait. The market sentiment is really bad which will override everything. Sats acquisition tagged on the wrong moment where everywhere desperately looking for cash. The borrowing cost is too high as for current. The CEO wants to show off at shareholders cost. Another SPH typical management with no financial senses. |
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ckmpd1
Supreme |
12-Oct-2022 10:34
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agree.  my belief is in the short term the WFS acquisition is a liability to present SHs.  Perhaps in the LT it is good but it depends on the financing, global econonies, travel industry, etc.    many SHs may prefer to sell now and buy back later
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Shaneong
Senior |
12-Oct-2022 10:25
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The victims will always be the us....normal people
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Shaneong
Senior |
12-Oct-2022 10:22
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They will tell you it' s free market....unless proven this is manipulated by the " few" players, it' s still ok....
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ckmpd1
Supreme |
12-Oct-2022 10:18
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Doesnt matter.  It is their money. 
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TikTalk
Supreme |
12-Oct-2022 10:16
Yells: "Anyone miss me?" |
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Ya I dont mean bet blindly, I mean some betted as if they know better than what they know.![]()
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Shaneong
Senior |
12-Oct-2022 10:14
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See saw .....wat next? Up to $3.15 again? ....lol.....I think I' ve averaged enough...now go casino play banker/player 😝
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Adrianinsing
Elite |
12-Oct-2022 10:12
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When a share is manipulated like this SGX does nothing !!!
This manipulation makes a mockery of the Singapore market
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ckmpd1
Supreme |
12-Oct-2022 10:10
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Not bet blindly.   
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TikTalk
Supreme |
12-Oct-2022 10:07
Yells: "Anyone miss me?" |
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Ya lor, just bet as if we don' t know and be prepared to lose or win, if so easy to speculate stock prices nobody need to work liao.....
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Adrianinsing
Elite |
12-Oct-2022 10:04
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Good news became bad news as share sold off !
Typical BB
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y20099
Member |
12-Oct-2022 10:00
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Indeed! Such a good news but lead the stock go downhill, almost 2 week since the made the announcement, the management need do something....
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vicloo
Supreme |
12-Oct-2022 09:54
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Rights price already declared 2.79 on 3rd Oct, why need to guess?
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Shaneong
Senior |
12-Oct-2022 09:52
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Only 3000 lots to bring price down by $0.10.....this counter tio manipulated ....SATS mgt really useless.....
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