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laksaman57 Supreme	02-Aug-2020 18:04        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstimes.com.sg/companies-markets/sia-group-to-operate-at-7-of-pre-covid-19-capacity-in-august   " The group' s passenger capacity in July and August will reach about 6 per cent and 7 per cent of its pre-Covid-19 levels respectively..."
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laksaman57 Supreme	02-Aug-2020 17:37        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One year worth of burning and then ....   vicloo      ( Date: 02-Aug-2020 12:12) Posted: It has 12B cash holding.... On top of the parked planes... Lol laksaman57      ( Date: 02-Aug-2020 10:56) Posted: A business with plenty of aluminium parked at the airport and huge manpower sitting at home/hangars can still worth $3. Amazing
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vicloo Supreme	02-Aug-2020 17:19        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	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." rosali      ( Date: 02-Aug-2020 16:33) Posted: @vicloo I am not sure my understanding is 100% correct but I think that although the operating loss on the P& L for the quarter shows loss of only $1.1B but the " cash burn rate" of $900m to $1,000million per month is still possibly correct because that' s the actual cash that the company needs every month to pay off its monthly loans installment repayments, salaries and many other monthly commitment expenses...... I know this sounds pretty scary
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laksaman57 Supreme	02-Aug-2020 16:55        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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." rosali      ( Date: 02-Aug-2020 16:33) Posted: @vicloo I am not sure my understanding is 100% correct but I think that although the operating loss on the P& L for the quarter shows loss of only $1.1B but the " cash burn rate" of $900m to $1,000million per month is still possibly correct because that' s the actual cash that the company needs every month to pay off its monthly loans installment repayments, salaries and many other monthly commitment expenses...... I know this sounds pretty scary. vicloo      ( Date: 02-Aug-2020 13:14) Posted: I think 900mil per month is not real it only reports 2q loss to be 1 1.1B not 3B. I think 1 of main reason 75% of most SIA still pay by gov... If not could be 900mil per mth. So I think SIA will retrench a lot of employees if 75% pay subsidy from gov stops...
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rosali Member	02-Aug-2020 16:33        rosali About Contact  Quote this Post!
x 0   x 0  Alert Admin	@vicloo I am not sure my understanding is 100% correct but I think that although the operating loss on the P& L for the quarter shows loss of only $1.1B but the " cash burn rate" of $900m to $1,000million per month is still possibly correct because that' s the actual cash that the company needs every month to pay off its monthly loans installment repayments, salaries and many other monthly commitment expenses...... I know this sounds pretty scary. vicloo      ( Date: 02-Aug-2020 13:14) Posted: I think 900mil per month is not real it only reports 2q loss to be 1 1.1B not 3B. I think 1 of main reason 75% of most SIA still pay by gov... If not could be 900mil per mth. So I think SIA will retrench a lot of employees if 75% pay subsidy from gov stops... laksaman57      ( Date: 02-Aug-2020 12:30) Posted: https://www.straitstimes.com/business/turbulence-in-the-air-but-only-a-matter-of-time-before-sia-flies-high-again   " ...the company had a monthly cash burn of between $900 million and $1 billion. Some 70 per cent of its costs are fixed and variable costs which are unlikely to decline at a faster rate than revenue."
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SAVIORFOREVER Supreme	02-Aug-2020 16:20        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then nothing will be approved. No need government already. Trade with awareness and DYODD ss2017.      ( Date: 02-Aug-2020 13:38) Posted: I hope that they can set a limit for reserve withdrawal per govt year. Must use it with full approval from 90% of citizens, meaning that we must do referendum for tapping into our reserves. Must also draw a plan as how to return the used reserve within X years.
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laksaman57 Supreme	02-Aug-2020 15:07        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The share price is bolstering the ceo decision not to retrench.
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Goldfinger Supreme	02-Aug-2020 14:29        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	To save SIA - they should really start retrenching and cutting the big fat salaries and perks of SIA Management and Flight Crew, especially Captains.  They have no where else to go to, as many are unwilling to relocate and the world is currently awash with hordes of Pilots and Cabin Crew anyway. Also, easier to rehire on cheaper terms, after the economy and air demand recovers.
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uiop1223 Supreme	02-Aug-2020 14:04        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alot of foreign SQ stewardess and pilots. They shld leave. Why are we paying for them? AlanJpe      ( Date: 02-Aug-2020 13:39) Posted: Furthermore no advance revenue (bookings) coming in, how can the CEO run the company like this? Still no retrenchments? laksaman57      ( Date: 02-Aug-2020 13:24) Posted: Sgp reserve also can' t support such burn rate for long. The sooner SIA retrench, the more sustainable it can be. Mai Tu Liao
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vicloo Supreme	02-Aug-2020 14:04        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	True, there are only few routes to voice out reserve spending concerns... 1st way via opposite e.g., Pritam, 2nd way by President Halimah. No other way 😁 uiop1223      ( Date: 02-Aug-2020 13:58) Posted: Sg citizens already give govt strong mandate. It includes everything.. govt can change constitution, spend however they like. Raise gst ss2017.      ( Date: 02-Aug-2020 13:38) Posted: I hope that they can set a limit for reserve withdrawal per govt year. Must use it with full approval from 90% of citizens, meaning that we must do referendum for tapping into our reserves. Must also draw a plan as how to return the used reserve within X years.
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uiop1223 Supreme	02-Aug-2020 13:58        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sg citizens already give govt strong mandate. It includes everything.. govt can change constitution, spend however they like. Raise gst ss2017.      ( Date: 02-Aug-2020 13:38) Posted: I hope that they can set a limit for reserve withdrawal per govt year. Must use it with full approval from 90% of citizens, meaning that we must do referendum for tapping into our reserves. Must also draw a plan as how to return the used reserve within X years.
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AlanJpe Member	02-Aug-2020 13:39        AlanJpe About Contact  Quote this Post!
x 0   x 0  Alert Admin	Furthermore no advance revenue (bookings) coming in, how can the CEO run the company like this? Still no retrenchments? laksaman57      ( Date: 02-Aug-2020 13:24) Posted: Sgp reserve also can' t support such burn rate for long. The sooner SIA retrench, the more sustainable it can be. Mai Tu Liao. vicloo      ( Date: 02-Aug-2020 13:14) Posted: I think 900mil per month is not real it only reports 2q loss to be 1 1.1B not 3B. I think 1 of main reason 75% of most SIA still pay by gov... If not could be 900mil per mth. So I think SIA will retrench a lot of employees if 75% pay subsidy from gov stops...
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ss2017. Supreme	02-Aug-2020 13:38        ss2017. About Contact  Quote this Post!
x 1   x 0  Alert Admin	I hope that they can set a limit for reserve withdrawal per govt year. Must use it with full approval from 90% of citizens, meaning that we must do referendum for tapping into our reserves. Must also draw a plan as how to return the used reserve within X years.
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laksaman57 Supreme	02-Aug-2020 13:24        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sgp reserve also can' t support such burn rate for long. The sooner SIA retrench, the more sustainable it can be. Mai Tu Liao. vicloo      ( Date: 02-Aug-2020 13:14) Posted: I think 900mil per month is not real it only reports 2q loss to be 1 1.1B not 3B. I think 1 of main reason 75% of most SIA still pay by gov... If not could be 900mil per mth. So I think SIA will retrench a lot of employees if 75% pay subsidy from gov stops... laksaman57      ( Date: 02-Aug-2020 12:30) Posted: https://www.straitstimes.com/business/turbulence-in-the-air-but-only-a-matter-of-time-before-sia-flies-high-again   " ...the company had a monthly cash burn of between $900 million and $1 billion. Some 70 per cent of its costs are fixed and variable costs which are unlikely to decline at a faster rate than revenue."
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vicloo Supreme	02-Aug-2020 13:14        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think 900mil per month is not real it only reports 2q loss to be 1 1.1B not 3B. I think 1 of main reason 75% of most SIA still pay by gov... If not could be 900mil per mth. So I think SIA will retrench a lot of employees if 75% pay subsidy from gov stops... laksaman57      ( Date: 02-Aug-2020 12:30) Posted: https://www.straitstimes.com/business/turbulence-in-the-air-but-only-a-matter-of-time-before-sia-flies-high-again   " ...the company had a monthly cash burn of between $900 million and $1 billion. Some 70 per cent of its costs are fixed and variable costs which are unlikely to decline at a faster rate than revenue." vicloo      ( Date: 02-Aug-2020 12:12) Posted: It has 12B cash holding.... On top of the parked planes... Lol
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laksaman57 Supreme	02-Aug-2020 13:12        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstraveller.com/business-travel/2020/07/28/air-travel-will-not-recover-until-2024-iata/   " The International Air Transport Association (IATA) has released an updated global passenger forecast predicting that air travel will not return to pre-COVID-19 levels until 2024 ..." laksaman57      ( Date: 02-Aug-2020 12:30) Posted: https://www.straitstimes.com/business/turbulence-in-the-air-but-only-a-matter-of-time-before-sia-flies-high-again   " ...the company had a monthly cash burn of between $900 million and $1 billion. Some 70 per cent of its costs are fixed and variable costs which are unlikely to decline at a faster rate than revenue." vicloo      ( Date: 02-Aug-2020 12:12) Posted: It has 12B cash holding.... On top of the parked planes... Lol
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SQueeze Master	02-Aug-2020 12:43        SQueeze About Contact  Quote this Post!
x 0   x 0  Alert Admin	OK. So I should sell the APPL and buy SIA? :D  I don' t look at share price that way (not high or low). I see how we are living the year 2020 and 2021, what I am doing, what I use everyday, how my life has changed so far, and likely change to a new form in a permanent way.  Are we going to suddenly not use the smartphone, or use the apps, or use the computer, or the zoom, or the masks! ?  And then am I travelling? Do I see myself travelling in the next few months, and I am beginning to see that I may not travel until next summer or even after. I am still holding 2 hotel reservations and 3 airline tickets which i keep shifting and shifting from May to August to September, and now i don' t see how I am going to ever use them. September flights just got cancelled again.    So i am keeping my APPL !\I i' ll let you know again here when the split stock comes back to $300. I hope SIA is still not $3 then, because I am also holding MCBs !  Also how to compare APPL and RMG, same profits, same cashflow, same share float, market cap, competition field, etc etc ??  let' s only compare apple to apple - pun intended. :)  Don t get me wrong. I love SIA, and I am loyal to SIA. I love aviation, I love flying, and before I am active in SJ, i was active in aviation forums, making lots of miles, and I didn' t care about actual $$$ to buy condos or cars, i am happy sitting in Suites, that' s all i need.  But reality is,  that industry is currently completely decimated, i also have to find new hobby. So here, trying to make more money instead of making more miles. Good thing i guess!  I am vested with SIA (MCB). Still believe it is one of the stronger one to survive, but I don' t think it' s the right time to buy into the SIA story right now.  Near the bottom, likely, i don' t think it can get worse than this, already 90% cut schedule, how much lower can it get, but my issue is the width of the bottom, not its depth.  I hope they start to take the bitter medicine of letting go of baggage, that day, the share price will rocket and if any is invested, may be a good time to sell. Because it will dip back to its natural level and the wide bottom situation.  Vaccine will improve their prospects, but it' s not going to make any recovery V or U-shape. Vaccine is not an overnight thing.  That wide bottom is becoming more and more real to me as days pass.  Personally very sad, but cannot lose money is more important.  investor999      ( Date: 02-Aug-2020 11:52) Posted: Be careful with AAPL..Its too expensive..I am worried it has reached it peak. I don't buy the talk that splitting so that small investors can buy. Let me give you my experience with RMG shares. It was $5 then it split..After that it just stagnant. I am still holding RMG shares pre split. Only bought few months ago to average down. But RMG at $1 is very difficult to recover SQueeze      ( Date: 02-Aug-2020 11:33) Posted: Yup. In April/May, i thought things would recover lots better by end year. It is obviously not the case.  better confront reality and not be in denial.  I bought into Delta and sold at a loss recently. That' s actually better prospect than SIA because they have a big domestic market and those angmohs couldn' t care less about Covid and would still travel.  Sold the Delta and bought into APPL and we had 10% up last Friday with APPL. Delta down some more below my selling price.  I am still holding SIA MCB. Wait 10 years lah. Should be ok. If Above $2.67 that time, i am still ok. A bit regret buying into it, but there is still time. Not going to watch / look into it until 2028!  i still believe SQ will survive but they should do something about it now before it' s too late.
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laksaman57 Supreme	02-Aug-2020 12:30        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.straitstimes.com/business/turbulence-in-the-air-but-only-a-matter-of-time-before-sia-flies-high-again   " ...the company had a monthly cash burn of between $900 million and $1 billion. Some 70 per cent of its costs are fixed and variable costs which are unlikely to decline at a faster rate than revenue." vicloo      ( Date: 02-Aug-2020 12:12) Posted: It has 12B cash holding.... On top of the parked planes... Lol laksaman57      ( Date: 02-Aug-2020 10:56) Posted: A business with plenty of aluminium parked at the airport and huge manpower sitting at home/hangars can still worth $3. Amazing
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AlanJpe Member	02-Aug-2020 12:29        AlanJpe About Contact  Quote this Post!
x 0   x 0  Alert Admin	No worry. Govt support, shareholders support, lose big CEO still paid millions, no KPIs ... vicloo      ( Date: 02-Aug-2020 12:12) Posted: It has 12B cash holding.... On top of the parked planes... Lol laksaman57      ( Date: 02-Aug-2020 10:56) Posted: A business with plenty of aluminium parked at the airport and huge manpower sitting at home/hangars can still worth $3. Amazing
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vicloo Supreme	02-Aug-2020 12:12        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	It has 12B cash holding.... On top of the parked planes... Lol laksaman57      ( Date: 02-Aug-2020 10:56) Posted: A business with plenty of aluminium parked at the airport and huge manpower sitting at home/hangars can still worth $3. Amazing
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