Latest Forum Topics /
SATS
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Sats
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Adrianinsing
Elite |
12-Oct-2022 13:15
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Definitely tests $2.79 this or next week | ||||
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Shaneong
Senior |
12-Oct-2022 13:13
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The chart looks like an avalanche just happened .....they shd really halt the trading 
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ckmpd1
Supreme |
12-Oct-2022 12:49
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I believe there was initial discussion on how much rights and loans to take.  I believe TH has agreed to pick up any unsubscribed rights. But not sure abt the loan part. Knowing diligence of TH, i  dont think TH will agree to fund the whole acquisition of $1.7B for WFS.  SATs is a public listed company and must run on clear commercial principles.  It is not right for TH to use public funds to help SATs.  Whatever SATs borrow must be in accordance with commercial loans and interests   
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Adrianinsing
Elite |
12-Oct-2022 12:28
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Temasek will fund - that is agreed beforehand
Even if rights not picked up Temasek will cover the balance
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Adrianinsing
Elite |
12-Oct-2022 12:25
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May not be strong
Let us see on Thursday
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RL16EGG
Veteran |
12-Oct-2022 11:48
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' Fires' are getting bigger. A strong USA CPI data on thur will slump mkts, not just SATS.   |
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Slowturtle
Senior |
12-Oct-2022 11:28
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I really doubt the share price will go back to $4 apiece because of the lingering high interest rate environment, of which its rise is still uncertain due to the rising inflation in US. The debt is just too hugh for their balace sheet and unless future growths is certain to repay the loans and still managed to eke out positive earnings and cash flows after all that, I really doubt the share price will move to previous levels. | ||||
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ckmpd1
Supreme |
12-Oct-2022 11:26
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TH manages tax payers money.  TH will do its due diligence..  SATs is a public listed company.  TH wld prefer SATs SHs to foot the bill and SATs to take loans rather than give it tax payers money unless it is of strategic importance to Singapore.  SATs does not fall into that category and therefore will hve to issue rights or commercial loans
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FATABA
Supreme |
12-Oct-2022 11:23
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The recent announcement did nothing to help investor ....in fact it confrim there wld be a right issue! NO detail on the timing , the amount needed ( means number of shares at what price. eg 1 for 2 at $2.50 ) ....investor has to WAIT and let mgt work out the loan etc. ( omg)  Every single day it built up on this uncertainty for investors . And worst he advise that some LARGE shareholders are going to change hand !  Will it be the larger few ?  I once again dont believe this is the way to handle a large deal like this .  ( no one say it is a bad deal or not ....time will tell and depend on the integration)  It is definately the experience on handling a corporate deal like this that make investor worry . Cant be any better timing too  Dyodd
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Shaneong
Senior |
12-Oct-2022 11:22
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Look for Ah Gong (Temasek Holdings)...lol
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ckmpd1
Supreme |
12-Oct-2022 11:17
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Agree. But i suspect SATs is in a dilemma.  How to announce positive news if the plans are not finalised.  $1.7B is not a small sum.  Any financial institution which is going to finance such a big acquisition needs top approval,  That takes time, not two or three weeks. Meanwhile the bleeding continues
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Shaneong
Senior |
12-Oct-2022 11:14
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They should Halt the trading immediately.....then announce with positive news....and kill those shortlists and manipulators .....lol
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ckmpd1
Supreme |
12-Oct-2022 11:11
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Let us give Kerry Mok and his team the benefit of the doubt and wait for his next announcement | ||||
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Slowturtle
Senior |
12-Oct-2022 11:08
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CEO should be chopped for the fiasco. | ||||
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Shaneong
Senior |
12-Oct-2022 11:05
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Seriously....they shd halt the trading....such a big blunder...
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ckmpd1
Supreme |
12-Oct-2022 11:05
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Agree. The longer the silence, the more the bleeding. But how to announce anything if cant finalise the loans?  Hence the dilemma.  This exposes the quality of SATs mgmt.  Damage control mode now.
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Shaneong
Senior |
12-Oct-2022 11:00
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They were eager to take credit for this wonderful project .....pretty obvious they got the shock of their lives when the response was opposite of what they expected....sad thing is....they just let the real investors suffer from being crushed by manipulators.... They should stop the bleed from either an announcement or halt the trading till everything is resolved
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ckmpd1
Supreme |
12-Oct-2022 10:52
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Yes.  Looks like SATs has not decided how to finance the $1.7B.  Rights, bonds or loans?  Apparently quite expensive to borrow loan in this high interestb rate environment.    So why the hurry to announce the acquisition?  Did the hasty announcement without clarity cause the price falls?
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MichaelSchenker
Master |
12-Oct-2022 10:46
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Regarding funding, I' m not absolutely sure of this, but I felt Rights Issue and Bonds would be a better option than borrowing due to current high finance costs.  I guess final decision has not been made. |
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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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