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SIA
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Bennytan23
Senior |
20-May-2020 10:20
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Hahahha.. dont confuse iamwxd la😂
Its true that its a way to get cheaper mother share. But note that if u purchase rights then convert, u only get to own the stocks on 8th Jun. So if anything happens from now till 8th Jun, u cant access to sell. And excess rights are given to ppl who held stocks before 5th May. So if they dunno abt this exercise(old ppl esp), or if they have no more cash or simply just cannot be bothered, they can trade in the secondary market. So its a good deal for us😂
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Trader130
Supreme |
20-May-2020 10:20
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Hey u are 😂  
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pkli899
Supreme |
20-May-2020 10:15
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Next Q will be bigger loss. Jan to Mar still got plenty flights, especially Jan & Feb. Apr to Jun only few % flights, making it worst than previous Q.
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littleones
Veteran |
20-May-2020 10:14
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Theoretically yes but practically no, if you know what I mean.
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Starship
Supreme |
20-May-2020 10:13
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newbieliu
Elite |
20-May-2020 10:12
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There are a few reasons proposed 1) The retail shareholders /investors do not want to / do not HAVE additional cash to pay for the right shares conversion for each additinal right he is given as they worry of further depreciation so they rather sell now (which is still a bad bad timing to sell at such terrible price) 2) BBs are forcing the owners of the right shares to sell low to them by keep shorting it down to create phobia of holding it. Imagine if i never own any SIA shares, I can collect the shares much lower than any others if I buy right shares . Dilution on 8 June is another prediction scenario but given all the dilutional effect is calculated they set up the TERP where the current price is even lower than it now. The impact of dilution shares could still happen at a lower level. However, IF BB are really aim to collect cheap now for conversion, do you think they will let it dilute further ?  my 2 cents
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chrisy1p
Member |
20-May-2020 10:12
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Take note that MCB coupon is not payable half yearly. You get your 4-6% coupon if SIA redeemed before maturity or when it matures. 
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uiop1223
Supreme |
20-May-2020 10:12
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Pls stop saying temsaek or invisible hand supporting. 🤦
See, even a director who sell for $17.90 needs to disclose. Disclosure will need to be made by Temasek and other entities which temasek has deem interest in. Stop spreading fake info by claiming invisible support. |
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Starship
Supreme |
20-May-2020 10:11
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guavaMoment
Senior |
20-May-2020 10:10
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To be fair, SIA was a blue chip and one of the best airline in the world. But what COVID 19 is showing now, there is no such thing as a sure thing. At a stroke, the blue has become black and blue. Is the current price good to go in at ? Honestly, I think not. I think there is more room to go down. Especially with all the impact of rights resulting in more shares being laid out. Inevitably, there will be dilution and more stocks for selling. Final thought, Warren Buffett a few years  ago was quoted as saying he will not buy anything with wings. Subsequently, he thought it safe and bought big stakes at the four largest US airplines. Then a month ago, he announced he sold all of his airlines stocks at big losses. Now he is again saying he won' t buy anything with wings. If the world' s most respected investor can lose money in this industry, what makes us small fish think we are smarter than him and can do what he failed to do ?
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AhLiang
Elite |
20-May-2020 10:08
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The problem of buying SIA main shares now is low can get lower. The forthcoming drop in STI will drag it down. Any Black Swan can also drag it down. Cheap but risky. | ||||
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sun233
Elite |
20-May-2020 10:08
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Provided it hits $3. I' m hoping for that.
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michaeltan
Master |
20-May-2020 10:07
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Nobody can predict what would happen for the next 6 months airlines industry but certainly the business will not be the same as usual. The last quarter wipe out the entire profit and make a net loss of $212 million. This means it lost $732 million in a period January to March. Do you thing the share price can sustain the next quarter suffer another big loss? 
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sun233
Elite |
20-May-2020 10:06
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At some point the big players will come in and buy the rights. Why pay 3.59 when you can pay 3.43. Same thing happened when Olam issued rights many years ago. | ||||
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skybluerock
Member |
20-May-2020 10:06
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MCB is worth taking up for the 4% return? I dont see how SIA is going to recover and buy back all these bond within 3 years. | ||||
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Trader130
Supreme |
20-May-2020 10:06
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So little , might as well wait for $3 
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newbieliu
Elite |
20-May-2020 10:05
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Indeed a lot of hav given in to the selling pressure formed . Just stick to what u believe in and dont give up hopes on your own life even if any of us lose .
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newbieliu
Elite |
20-May-2020 10:03
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It is incorrect to say Temasek is spending a small amount since they own 55% of the total shares? They need to cough up more to absorb the remaining right ... i am not sure if it is to their advantage as the right shares is only 43.5 cents and additional $3 is lower than the $4 they theoretically paid for the additional shares. 
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Starship
Supreme |
20-May-2020 10:01
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s100125
Elite |
20-May-2020 10:01
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Many are throwing in the towel seeing the price dropping everday. | ||||
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