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Sats
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112233
Master |
04-Jan-2023 11:55
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then you buy lah. also pay for the rights later. 😂
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sadhu123
Member |
04-Jan-2023 11:22
Yells: "Value Value Value..." |
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Its going To Be Such A Eventful 2023 For SATS. When others are fearful, Do U Dare or just Know Only... Truly good company with ah gong back up, Will ride thru the Wave and Emerge Stronger, its just part of the long Game... |
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Joelton
Supreme |
04-Jan-2023 09:23
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Sats directors recommend shareholders vote in favour of WFS acquisition at EGM on Jan 18
SATS will be holding its extraordinary general meeting (EGM) on Jan 18 for shareholders to vote on the proposed acquisition of air cargo handler Worldwide Flight Services (WFS).
The company&rsquo s directors recommended that shareholders vote in favour of the resolution at the EGM, as they believed that WFS was the &ldquo right asset of scale and reach&rdquo for the company to acquire.
Further, they said they would be taking up the full allotment of shares at the proposed rights issue &ndash earlier announced as a way for Sats to partially fund its acquisition.
If the motion passes through, this would bring the company&rsquo s pro forma earnings per share (EPS), including amortisation of intangible assets, to -1.1 Singapore cents, or loss per share at 1.1 Singapore cents. The pro forma EPS excluding amortisation stood at 1.4 Singapore cents. The estimations on EPS were made assuming that the acquisition was completed on Apr 1, 2021.
To recap, Sats announced in September last year that it would be acquiring WFS. The acquisition is expected to cost the company S$1.8 billion &ndash of which S$800 million is expected to be raised through a renounceable underwritten rights issue. Some S$700 million will be obtained through a term loan, plus S$320 million from the company&rsquo s internal cash.
The rights issue is expected to be launched in the first quarter of 2023, subject to &ldquo conducive market conditions&rdquo and the satisfaction of regulatory approvals. Shareholder approval is not needed for this motion.
Shares in Sats traded flat at S$2.84 on Friday.
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PL1968
Senior |
02-Jan-2023 18:05
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天 雨 虽 大 ， 不 润 无 根 之 草 佛 法 再 广 ， 不 渡 无 缘 之 人 。
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guiren
Veteran |
02-Jan-2023 12:40
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We would not blame the CEO, Directors ,,, if war / natural disaster break out,,, retail shareholders invested $$ for the business and CEO, Directors fat salaries,,, don' t you think it is their duty to make sure retail shareholders not losing $$ ,,,
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TikTalk
Supreme |
02-Jan-2023 11:51
Yells: "Anyone miss me?" |
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x 0 Alert Admin |
Ahahahahaha
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n3wbie
Elite |
01-Jan-2023 09:51
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It is a tricky situation for corporates to do M& A in current climate. Overall business landscape and even macroeconomic conditions are volatile, fluid and changes quickly. In a couple of months, we saw how Fed raised rates by easily > 250 bps (and potentially more). These will all have a bearing on SATS WACC and returns for shareholders, not to mention that they will be raising expensive equity in current market with risk premiums on the rise on the back of recessionary concerns. The watermark is high but equally, the synergies and potential are evident. It will come down to execution to ensure that it all make sense. On the flip side, this could potentially be the best window to do M& A (in hindsight) given where valuations are across the board but who knows if another black swan like Russia - Ukraine hit the global markets this year and send us into a torpedo again. Market probably understands that the mid to long term prospects of this transaction is positive but whether it can generate the expected short-term total shareholder returns is debatable. Just two cents worth and wishing everyone a happy & prosperous new year!
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sadhu123
Member |
31-Dec-2022 18:36
Yells: "Value Value Value..." |
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Last post for 2022 ❤ SEIZE THE MOMENT...when others are weak. I have utmost faith in sats, break the 5 dollar barrier and aim for 9 dollar range, Sats will dominate 35% of World Cargo services Fly high with brother in arms Sia... Make singaporean proud 👏 |
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morgany
Veteran |
31-Dec-2022 15:59
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My thoughts are SATS will hold on to the acquisition until further notice, which can takes about 6 months more to decide by putting up a cost for delaying. They might abandon the acquisition if the recession drags on for 2 years... And they can get it cheaper...
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Adrianinsing
Elite |
29-Dec-2022 10:08
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SATS is unable to rise in current market - SATS rights will be coming at exactly the wrong time and could drop to new lows by March 2023 irrespective of the take up of the rights - I am convinced that we will see the world, especially the US ( but Singapore will not be spared either ) enter a deep global recession which I think will only become apparent by about March 2023 - the market will drop as future earnings become less certain - I will re enter around end March 2023. | ||||
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morgany
Veteran |
23-Dec-2022 17:17
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Looks good for Monday to open at $2.90 | ||||
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Kai189
Veteran |
20-Dec-2022 13:25
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x 0
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you are right bro quite a few countries already have some form of ppty issues , latest VN mkt worse case scenario will see SATS becoming like SingPost . drift down and down
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Fallingman
Senior |
20-Dec-2022 10:46
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I think this rates going up is going to affect all stocks, best to keep and hold cash at hand first and wait for a good opportunity, don't need to rush into the counters yet. Keep a sizable warchest first and wait.
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Kai189
Veteran |
20-Dec-2022 10:15
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good observation bro the selling has begun low of 2.79 done. may go to 2.75 today and 2,7 end of week rates going up. no dividend for foreseeable future,
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kiseki_2818
Master |
20-Dec-2022 10:13
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Good hope. May we hope for the best... 1) Funding plan not going well, shares price crash from around 4 to around 2.8 2) WFS losing $$$, esp now Europe energy crisis & US high interest rate make WFS a poor bet esp at this timing. 3) Spore employees much easier to handle when compared with WFS. Take care. 4) China economy still not looking very good, esp with US " sanction" . Now only can hope for miracle.
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investshare
Supreme |
20-Dec-2022 09:51
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x 0 Alert Admin |
Meanwhile SATS still waiting for the right timing.
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Adrianinsing
Elite |
20-Dec-2022 09:48
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x 0
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Will break $2.80 soon | ||||
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ckmpd1
Supreme |
19-Dec-2022 19:20
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Good observation! If market is bearish, SATs will drop quite substantially. SATs' acquisition of WFS is based a lot on hope: 1. Hope that the funding plan will work out well 2. Hope that WFS will fit well into SATs' business model 3. Hope that WFS will add value to SATs. Dont be surprised if SAT' s plan gets torpedoed
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Adrianinsing
Elite |
19-Dec-2022 18:34
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The trend is down
If a deep recession comes then irrespective of rights issue price and take up SATS will drop another 20% like most global shares lead by the US
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ckmpd1
Supreme |
19-Dec-2022 17:43
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Not bully. Share market is willing buyer, willing seller. If anyone is greedy, analyses wrongly, dont blame others
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