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SAVIORFOREVER Supreme	03-Aug-2020 09:10        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 1  Alert Admin	Many investors paper losses especially 999 holding at high of 360++. Trade with paper losses and DYODD
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SAVIORFOREVER Supreme	03-Aug-2020 08:25        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 1  Alert Admin	Give Singaporeans a free ticket to any destination? Trade with ? and DYODD des_khor      ( Date: 02-Aug-2020 22:49) Posted: When SIA earns money got contribute to our community or not ?
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laksaman57 Supreme	02-Aug-2020 23:45        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sinkies money to the rescue uiop1223      ( Date: 02-Aug-2020 22:37) Posted: A lot of reliefs given to SIA. Not just 75% wages credits. S$350 million Enhanced Aviation Support Package, which includes rebates on landing and parking charge and rental relief for airlines, ground handlers and cargo agents. The Civil Aviation Authority of Singapore (CAAS) will allow Singapore carriers and the airport operator to partially or fully defer payment of certain fees due to the authority between April 1 this year and March 31 next year, to help ease their cash flow.
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uiop1223 Supreme	02-Aug-2020 22:51        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Contribute to GDP. Who stands to gain when GDP is high? Whose bonus goes up? Same for casinos. Do the ordinary citizens gain? Who gains? des_khor      ( Date: 02-Aug-2020 22:49) Posted: When SIA earns money got contribute to our community or not ?
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des_khor Supreme	02-Aug-2020 22:49        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	When SIA earns money got contribute to our community or not ?
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uiop1223 Supreme	02-Aug-2020 22:37        uiop1223 About Contact  Quote this Post!
x 0   x 1  Alert Admin	A lot of reliefs given to SIA. Not just 75% wages credits. S$350 million Enhanced Aviation Support Package, which includes rebates on landing and parking charge and rental relief for airlines, ground handlers and cargo agents. The Civil Aviation Authority of Singapore (CAAS) will allow Singapore carriers and the airport operator to partially or fully defer payment of certain fees due to the authority between April 1 this year and March 31 next year, to help ease their cash flow.
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ssw518 Supreme	02-Aug-2020 21:57        ssw518 About Contact  Quote this Post!
x 0   x 0  Alert Admin	did you add the gov rescue package back to expenditure? could be a lot, 75% pay of those earning below 4800? vicloo      ( Date: 02-Aug-2020 18:30) Posted: Is all here in link below (see the slide) , revenue 851M for 2Q, Expenditure (total spending 1.88B (not 3B), that's why loss - 1.1B. https://www.singaporeair.com/en_UK/sg/about-us/information-for-investors/financial-results/ rosali      ( Date: 02-Aug-2020 18:10) Posted: @vicloo, no leh I don' t think that' s the correct mathematics.  My reading is that they " burn" say $1B a month so the total burn for the quarter is $3B of cash.  Of this $3B, the operating loss takes up $1.1B and the rest $1.9B goes towards fixed monthly cash outflow for monthly loans installment repayments, salaries and many other monthly commitment expenses especially for alumimium aeroplanes  mortgage repayments ....  @laksaman57, thanks for clarifying burn rate for a new company .... do you think the analysts who wrote that " the cash burn rate of SIA is between & 0.9B to $1B per month mean it the same way like this ? I must admit I am no accountant and I am not sure actually whether this is the correct mathematical interpretation of the " monthly" cash burn rate vis-a-vis the " quarterly" operating loss just recently reported
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GoldNugget Elite	02-Aug-2020 21:55        GoldNugget About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.straitstimes.com/singapore/health/coronavirus-vaccine-may-be-available-in-spore-only-at-the-end-of-next-year-says-moh vaccine only widely available end of next year. GoldNugget      ( Date: 02-Aug-2020 21:21) Posted: Read this. https://www.bloomberg.com/news/articles/2020-08-02/when-it-comes-to-covid-vaccines-rich-nations-are-first-in-line?srnd=premium-asia They say on 1 bil shots available by early 2022. We have 7 bil ppl in the world. And there are studies that say that airline won't operate normally until 2024. Sia load factor need to be ard 70% to be making profit. The lesser business traveller the higher the load factor have to be to make profit. I used to work in SIA more then 13 years back. I was once told if the first class and business class all full, a flight will make money even if there is no economy passengers. Alot of company not allowing staff to travel right now due to covid19. The world won't be the same again in the next few years. After company get used to working remotely and cutting travel. ssw518      ( Date: 02-Aug-2020 07:10) Posted: even vaccine is available, it will takes a while (6 month ba) before bisiness recovery to warrant travel, and then why business class, economy class cannot meh? maybe directors / ceo take business, rest will have to fly in cheaper / cheapest flight
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Starship Supreme	02-Aug-2020 21:51        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	investor999      ( Date: 02-Aug-2020 19:42) Posted: So why are you here? Come back 3 months later ss2017.      ( Date: 02-Aug-2020 18:32) Posted: Just wait for three months you would know the true value of SIA, very straight forward, just wait.
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GoldNugget Elite	02-Aug-2020 21:30        GoldNugget About Contact  Quote this Post!
x 0   x 0  Alert Admin	👍 the slide is pretty clear on the burn rate. With reduction in management salary and pay cut, early retirement, the non fuel operating expense will reduce further. vicloo      ( Date: 02-Aug-2020 18:30) Posted: Is all here in link below (see the slide) , revenue 851M for 2Q, Expenditure (total spending 1.88B (not 3B), that's why loss - 1.1B. https://www.singaporeair.com/en_UK/sg/about-us/information-for-investors/financial-results/ rosali      ( Date: 02-Aug-2020 18:10) Posted: @vicloo, no leh I don' t think that' s the correct mathematics.  My reading is that they " burn" say $1B a month so the total burn for the quarter is $3B of cash.  Of this $3B, the operating loss takes up $1.1B and the rest $1.9B goes towards fixed monthly cash outflow for monthly loans installment repayments, salaries and many other monthly commitment expenses especially for alumimium aeroplanes  mortgage repayments ....  @laksaman57, thanks for clarifying burn rate for a new company .... do you think the analysts who wrote that " the cash burn rate of SIA is between & 0.9B to $1B per month mean it the same way like this ? I must admit I am no accountant and I am not sure actually whether this is the correct mathematical interpretation of the " monthly" cash burn rate vis-a-vis the " quarterly" operating loss just recently reported
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vicloo Supreme	02-Aug-2020 21:21        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	No problem... The 900mil per mth was prediction in march-20 at start of CB. Analyst estimated this number based on normal operating expense, apparently during these period, SIA did cut down expense by 40% from 1B per mth to ~600mil per mth. (March news) https://www.straitstimes.com/business/turbulence-in-the-air-but-only-a-matter-of-time-before-sia-flies-high-again rosali      ( Date: 02-Aug-2020 21:01) Posted: Thank you vicloo, you' ve clarified it for me, much appreciated :) vicloo      ( Date: 02-Aug-2020 18:30) Posted: Is all here in link below (see the slide) , revenue 851M for 2Q, Expenditure (total spending 1.88B (not 3B), that's why loss - 1.1B. https://www.singaporeair.com/en_UK/sg/about-us/information-for-investors/financial-results
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GoldNugget Elite	02-Aug-2020 21:21        GoldNugget About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read this. https://www.bloomberg.com/news/articles/2020-08-02/when-it-comes-to-covid-vaccines-rich-nations-are-first-in-line?srnd=premium-asia They say on 1 bil shots available by early 2022. We have 7 bil ppl in the world. And there are studies that say that airline won't operate normally until 2024. Sia load factor need to be ard 70% to be making profit. The lesser business traveller the higher the load factor have to be to make profit. I used to work in SIA more then 13 years back. I was once told if the first class and business class all full, a flight will make money even if there is no economy passengers. Alot of company not allowing staff to travel right now due to covid19. The world won't be the same again in the next few years. After company get used to working remotely and cutting travel. ssw518      ( Date: 02-Aug-2020 07:10) Posted: even vaccine is available, it will takes a while (6 month ba) before bisiness recovery to warrant travel, and then why business class, economy class cannot meh? maybe directors / ceo take business, rest will have to fly in cheaper / cheapest flight. GoldNugget      ( Date: 01-Aug-2020 16:20) Posted: Personal call, don' t buy SIA even at 3 dollars. There will be for sure another round of capital call or rights issue. The current situation will mean they will not be profitable this year. Neither will they be profitable until the end of next year. SIA needs a load factor of 70% to be profitable. Not to mention business travelers who paid for the business and first-class are not even flying now.
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rosali Member	02-Aug-2020 21:01        rosali About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you vicloo, you' ve clarified it for me, much appreciated :) vicloo      ( Date: 02-Aug-2020 18:30) Posted: Is all here in link below (see the slide) , revenue 851M for 2Q, Expenditure (total spending 1.88B (not 3B), that's why loss - 1.1B. https://www.singaporeair.com/en_UK/sg/about-us/information-for-investors/financial-results/ rosali      ( Date: 02-Aug-2020 18:10) Posted: @vicloo, no leh I don' t think that' s the correct mathematics.  My reading is that they " burn" say $1B a month so the total burn for the quarter is $3B of cash.  Of this $3B, the operating loss takes up $1.1B and the rest $1.9B goes towards fixed monthly cash outflow for monthly loans installment repayments, salaries and many other monthly commitment expenses especially for alumimium aeroplanes  mortgage repayments ....  @laksaman57, thanks for clarifying burn rate for a new company .... do you think the analysts who wrote that " the cash burn rate of SIA is between & 0.9B to $1B per month mean it the same way like this ? I must admit I am no accountant and I am not sure actually whether this is the correct mathematical interpretation of the " monthly" cash burn rate vis-a-vis the " quarterly" operating loss just recently reported
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ss2017. Supreme	02-Aug-2020 20:44        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	I wish you all good luck. See you in three months time. Either it will be back to $5 or be a half of it. Take care. investor999      ( Date: 02-Aug-2020 19:42) Posted: So why are you here? Come back 3 months later ss2017.      ( Date: 02-Aug-2020 18:32) Posted: Just wait for three months you would know the true value of SIA, very straight forward, just wait.
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investor999 Elite	02-Aug-2020 19:42        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So why are you here? Come back 3 months later ss2017.      ( Date: 02-Aug-2020 18:32) Posted: Just wait for three months you would know the true value of SIA, very straight forward, just wait.
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ss2017. Supreme	02-Aug-2020 18:32        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just wait for three months you would know the true value of SIA, very straight forward, just wait.
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vicloo Supreme	02-Aug-2020 18:30        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is all here in link below (see the slide) , revenue 851M for 2Q, Expenditure (total spending 1.88B (not 3B), that's why loss - 1.1B. https://www.singaporeair.com/en_UK/sg/about-us/information-for-investors/financial-results/ rosali      ( Date: 02-Aug-2020 18:10) Posted: @vicloo, no leh I don' t think that' s the correct mathematics.  My reading is that they " burn" say $1B a month so the total burn for the quarter is $3B of cash.  Of this $3B, the operating loss takes up $1.1B and the rest $1.9B goes towards fixed monthly cash outflow for monthly loans installment repayments, salaries and many other monthly commitment expenses especially for alumimium aeroplanes  mortgage repayments ....  @laksaman57, thanks for clarifying burn rate for a new company .... do you think the analysts who wrote that " the cash burn rate of SIA is between & 0.9B to $1B per month mean it the same way like this ? I must admit I am no accountant and I am not sure actually whether this is the correct mathematical interpretation of the " monthly" cash burn rate vis-a-vis the " quarterly" operating loss just recently reported. vicloo      ( Date: 02-Aug-2020 17:19) Posted: If monthly cash burning is indeed 1B, means, SIA still have revenue of nearly 2B, cause gross profit/loss means revenue - spending. Thats means 2.1B - 3B to get '"-1.1B" Unlikely SIA still make so much revenue, 2.1B last 3 mths with few flights only.
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des_khor Supreme	02-Aug-2020 18:11        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	By the time price for air ticket sure increase .
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rosali Member	02-Aug-2020 18:10        rosali About Contact  Quote this Post!
x 0   x 0  Alert Admin	@vicloo, no leh I don' t think that' s the correct mathematics.  My reading is that they " burn" say $1B a month so the total burn for the quarter is $3B of cash.  Of this $3B, the operating loss takes up $1.1B and the rest $1.9B goes towards fixed monthly cash outflow for monthly loans installment repayments, salaries and many other monthly commitment expenses especially for alumimium aeroplanes  mortgage repayments ....  @laksaman57, thanks for clarifying burn rate for a new company .... do you think the analysts who wrote that " the cash burn rate of SIA is between & 0.9B to $1B per month mean it the same way like this ? I must admit I am no accountant and I am not sure actually whether this is the correct mathematical interpretation of the " monthly" cash burn rate vis-a-vis the " quarterly" operating loss just recently reported. vicloo      ( Date: 02-Aug-2020 17:19) Posted: If monthly cash burning is indeed 1B, means, SIA still have revenue of nearly 2B, cause gross profit/loss means revenue - spending. Thats means 2.1B - 3B to get '"-1.1B" Unlikely SIA still make so much revenue, 2.1B last 3 mths with few flights only. laksaman57      ( Date: 02-Aug-2020 16:55) Posted: https://www.investopedia.com/terms/b/burnrate.asp " The burn rate is typically used to describe the rate at which a new company is spending  to finance overhead before generating positive cash flow from operations. It is a measure of negative cash flow. The burn rate is usually quoted in terms of cash spent per month. For example, if a company is said to have a burn rate of $1 million, it would mean that the company is spending $1 million per month."
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SQueeze Master	02-Aug-2020 18:10        SQueeze About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just wonder also ... When they start flying again, a lot of us actually are holding flight credits, means we will be using the flights but not paying anything. Revenue is last quarter?s revenue. I have these credits. My brother has them. Etc etc. Other airlines are also facing the same. Lots of flight credits and free rebookings. The revenue stream will not be as much as the actual traffic that is picking up. So if they are looking at 50% recovery in pax traffic next year, revenue recovery will not be as much. Furthermore, there are stash of miles which I think is liability. I?ll use these first too (a lot of ppl world to) before we start paying with cash again. And I would want to use these fast because they are going for devaluation in these bad times. Really bleak ... :(
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