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Bennytan23 Senior	19-May-2020 15:00        Bennytan23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1. becos some ppl dunno this trick.  2. excess rights converted shares will be avail to u only on 8th of June(if i rmb correctly), so cannot sell during 21st may to 8th June. (what if shares shoot up to 4 on 22nd May? u cant sell cos u dont own any shares until 8June) 3. Depends on your broker fees etc.. see if its worth it. if u buy little bit like 100 or 500 shares, no difference. since min charge is gonna be 25/trade. big amt then thats where u see the money.  4. any expert wanna share ur views? hehe Voze91      ( Date: 19-May-2020 14:47) Posted: Hi all, junior question  here. What is the reason behind why there is room for arbitrage?  Mother Share : 3.75 Right Issue-: 3 + 0.62 = 3.62 (which is lesser than 3.75) So why are people still buying the mother shares given that the rights issue allow you to get it at a much cheaper price? Am I missing out some cost here?
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xxboaxx Member	19-May-2020 14:57        xxboaxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	er hope you know there is massive dilution such that the pre-covid price dropped almost 60% . If you go look through yahoo charts which they take into account the dilution, it is not so cheap anymore. you are technically buying at 6++ pre-rights level at this price. Huat1368      ( Date: 19-May-2020 14:40) Posted: Honestly speaking, this is the first time during my lifetime seeing SIA stock price drops to $3.75. Too good to be true....Scoop up or Wait???
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Bennytan23 Senior	19-May-2020 14:56        Bennytan23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA R share will expire on 21st May. Its a special share created for shareholders to sell their Excess rights to the open market if they dont intend to exercis. Also for cheapo like me to buy cheaper SIA shares. lol So if SIA R gonna expire on 21st May, those who dont want to exercise will have to sell away cheap just to get an amt back. better than nothing.  If dont want to exercise and dont want to sell, keep for what? no point keeping since will expire and it will be worthless.  Simple explanation.. hope u understand lol   Jeanny      ( Date: 19-May-2020 14:50) Posted: What is the reason for the SIA R to fall further tmr or thurs? Won' t there be short-covering to push up the R price?  Bennytan23      ( Date: 19-May-2020 14:42) Posted: Buy SIA R at cheaper price tmr or on Thurs. then pay $3/share to exercise the rights. Cheaper tt way
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newbieliu Elite	19-May-2020 14:55        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	mmm There might not be enough covering to push up the price saddddddd Just be prepared to convert to mother shares to keep some . dont keep too much  Jeanny      ( Date: 19-May-2020 14:50) Posted: What is the reason for the SIA R to fall further tmr or thurs? Won' t there be short-covering to push up the R price?  Bennytan23      ( Date: 19-May-2020 14:42) Posted: Buy SIA R at cheaper price tmr or on Thurs. then pay $3/share to exercise the rights. Cheaper tt way
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danger Supreme	19-May-2020 14:53        danger About Contact  Quote this Post! Style: Combined   Mood:
x 1   x 0  Alert Admin	Buying and selling of the rights involved transaction costs Voze91      ( Date: 19-May-2020 14:47) Posted: Hi all, junior question  here. What is the reason behind why there is room for arbitrage?  Mother Share : 3.75 Right Issue-: 3 + 0.62 = 3.62 (which is lesser than 3.75) So why are people still buying the mother shares given that the rights issue allow you to get it at a much cheaper price? Am I missing out some cost here?
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Jeanny Member	19-May-2020 14:50        Jeanny About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the reason for the SIA R to fall further tmr or thurs? Won' t there be short-covering to push up the R price?  Bennytan23      ( Date: 19-May-2020 14:42) Posted: Buy SIA R at cheaper price tmr or on Thurs. then pay $3/share to exercise the rights. Cheaper tt way. Huat1368      ( Date: 19-May-2020 14:40) Posted: Honestly speaking, this is the first time during my lifetime seeing SIA stock price drops to $3.75. Too good to be true....Scoop up or Wait???
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Voze91 Member	19-May-2020 14:47        Voze91 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all, junior question  here. What is the reason behind why there is room for arbitrage?  Mother Share : 3.75 Right Issue-: 3 + 0.62 = 3.62 (which is lesser than 3.75) So why are people still buying the mother shares given that the rights issue allow you to get it at a much cheaper price? Am I missing out some cost here?
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Bennytan23 Senior	19-May-2020 14:42        Bennytan23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy SIA R at cheaper price tmr or on Thurs. then pay $3/share to exercise the rights. Cheaper tt way. Huat1368      ( Date: 19-May-2020 14:40) Posted: Honestly speaking, this is the first time during my lifetime seeing SIA stock price drops to $3.75. Too good to be true....Scoop up or Wait???
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uiop1223 Supreme	19-May-2020 14:41        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Purchase of aircraft was brought up by SIAS but brushed off by SIA mtgm. See pt 3: The rationale of the rights issue was stated as to ?strengthen the Company?s balance sheet and liquidity position? (page 28) and ?to meet its ongoing financial commitments, weathering the severe disruption to global air travel caused by the COVID-19 pandemic? (page 28). However, a significant portion of the funds, 38% or S$3.3 billion, raised is for capital expenditure (page 29). Why is there such a large percentage of the funds raised committed to capital expenditure given the stated rationale of strengthening SIA?s cashflow and balance sheet? If the funds raised are purely for cashflow and balance sheet reasons, does SIA really need to proceed with such a sizeable rights issue given its substantial impact on share dilution and share price? The funds that we receive from the Rights Issue will allow us to address our cashflow requirements for near-term operations, committed capital expenditure for aircraft purchases and other fixed commitments which include debt and contractual repayments. The committed capital expenditure for aircraft purchases relate to orders placed in the past. The rationale for these purchases remains valid even under the present scenario given that it would enable SIA to proceed with its adoption of new-generation aircraft, both as replacement for existing fleet and for growth, as these new generation aircraft will not only provide an enhanced travel experience to our customers but also, provide better operating efficiency and lower emissions. At the same time, we have also deferred non-essential expenditure projects and imposed tight controls on discretionary expenditure. We are also in commercial negotiations with the aircraft manufacturers to try and refine our delivery stream in view of the prevailing market conditions, balancing considerations that our fleet renewal programme is an important part of the Group?s strategy for long term sustainability and industry leadership. Furthermore, up to S$6.2 billion of Additional MCBs may be issued within a 15-month period after the EGM, which will provide us with additional liquidity if this crisis extends for a prolonged period. This will also provide us with the resources to capitalise on any opportunities that may arise following the abatement of the COVID-19 pandemic from a position of strength, and position us for growth as soon as the ongoing crisis resolves. https://links.sgx.com/FileOpen/Responses%20to%20SIAS%20240420%20.ashx?App=Announcement&FileID=607937 Goldfinger      ( Date: 19-May-2020 14:26) Posted: What SIA needs to do now is to re-instill market confidence to show that it is trying its best to return to profitability - and this includes holding off on new aircraft purchases and retrenching a large chunk of its redundant staff.  You cannot pay pilots SGD20,000 or more a month and they are not flying for months and months - can you???
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Huat1368 Veteran	19-May-2020 14:40        Huat1368 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Honestly speaking, this is the first time during my lifetime seeing SIA stock price drops to $3.75. Too good to be true....Scoop up or Wait???
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Goldfinger Supreme	19-May-2020 14:35        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	The subsidy by the Government for highly paid pilots is only a fraction of their salaries.  Time to let some of them go, or to significantly cut pay. If they do not wish to have pay cuts - they are free to send in their resumes to work for other airlines.  Times have changed - SIA Pilots are no more the top of the professional echelon.  They are now beneficiaries of what is effectively a Government bailout.  Air travel demand is plummetting and many pilots retrenched from Air Canada and Emirates will be willing to work for much less now. limcs84      ( Date: 19-May-2020 14:28) Posted: The problem is that the pilots and staff are not being laid off. They still taking almost the same pay and moreover, it is still subidised by the government.  Goldfinger      ( Date: 19-May-2020 14:26) Posted: What SIA needs to do now is to re-instill market confidence to show that it is trying its best to return to profitability - and this includes holding off on new aircraft purchases and retrenching a large chunk of its redundant staff.  You cannot pay pilots SGD20,000 or more a month and they are not flying for months and months - can you???
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Bennytan23 Senior	19-May-2020 14:32        Bennytan23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they go on strike?  Agree that they are paying a lot. Heard the pax flight is not earning much esp when biz class and first class stopped flying.    Goldfinger      ( Date: 19-May-2020 14:26) Posted: What SIA needs to do now is to re-instill market confidence to show that it is trying its best to return to profitability - and this includes holding off on new aircraft purchases and retrenching a large chunk of its redundant staff.  You cannot pay pilots SGD20,000 or more a month and they are not flying for months and months - can you???
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t0RNAD0 Member	19-May-2020 14:29        t0RNAD0 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually Temasek ultimate aim is to fork out as less money as possible. Hence the attractive price of $3 rights. Their motive is for public to help SIA with its cash balance. The share price is not of much concern for them. If not they can just arrange with SIA directly... example inject in xxx billions in exchange for shares at $3/share.   xxboaxx      ( Date: 19-May-2020 13:56) Posted: lol u all can slowly dream if T will support the current price. they waiting to buy the excess rights at 3 dollar. The more people lost confidence in SIA, the merrier.  3 dollar is a fair value for SIA.  you buy the current price, it is not even 2x when reach pre-covid level.
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limcs84 Member	19-May-2020 14:28        limcs84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The problem is that the pilots and staff are not being laid off. They still taking almost the same pay and moreover, it is still subidised by the government.  Goldfinger      ( Date: 19-May-2020 14:26) Posted: What SIA needs to do now is to re-instill market confidence to show that it is trying its best to return to profitability - and this includes holding off on new aircraft purchases and retrenching a large chunk of its redundant staff.  You cannot pay pilots SGD20,000 or more a month and they are not flying for months and months - can you???
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Goldfinger Supreme	19-May-2020 14:26        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	What SIA needs to do now is to re-instill market confidence to show that it is trying its best to return to profitability - and this includes holding off on new aircraft purchases and retrenching a large chunk of its redundant staff.  You cannot pay pilots SGD20,000 or more a month and they are not flying for months and months - can you???
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Bennytan23 Senior	19-May-2020 14:26        Bennytan23 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha.. my average cost per share now over 1 week is 3.80😂   of cos im hoping it goes back to above $4 to have tt assurance i made the right buy..  i will enter only if the SIA R is 30-40c such that per share will be 3.30-3.40.  Buy popcorn and watch the price freefall tmr 🤓 newbieliu      ( Date: 19-May-2020 13:59) Posted: wah sound like u have backing to support u lol I loaded at 60.5 cents again Bennytan23      ( Date: 19-May-2020 13:44) Posted: Agree!!  T is gonna wipe out the excess rights and then make the shares bounce back to above $4.  Just to send a point.. ' when the big brother(T) comes in to play.. follow me'   😂
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bombombom Member	19-May-2020 14:25        bombombom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello I?m new to trading sorry if I sounded noob.. wanted to buy some SIA rights via the SC Trading app. Can anyone advise if I?d like to exercise my rights, how can I do so using the app? Thank you.
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newbieliu Elite	19-May-2020 14:23        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	a number of ppl already said it will go down to $3 quite demoralising but I have hopes that SIA will survive lingua101      ( Date: 19-May-2020 14:12) Posted: will theritcally the SIA share will drop to $3 after the rights been exercised? furnaces      ( Date: 19-May-2020 13:57) Posted: Technically can. SBL to short SIA shares at $3.75 then buy rights at $0.60, exercise by paying $3.  After deducting brokerage and cost of borrowing SIA shares. Probably got some kopi money left. On theory is risk free, but who knows. DLC SIA 5x short also can go suspended when SIA trend is down
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Oldman278 Senior	19-May-2020 14:19        Oldman278 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So theoretically, the mother price has to be at least 4, else those with the rights may not subscribe and T has to fork out alot to buy up the unsubscribe.. uiop1223      ( Date: 19-May-2020 14:11) Posted: 🤔 for avoidance of doubt, i meant to say that after the rights exercise ended, holders of the rights but never exercise (ie pay $3) , temesek will fork out $3 for each rights not exercised So temesak need not go and buy rights in the mkt now Are we on same page? westpoison      ( Date: 19-May-2020 13:56) Posted: Temasek will take in all rights that are not bought at the end of the day.
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westpoison Veteran	19-May-2020 14:17        westpoison About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I believe it will go below $3 to test the right confidence level. lingua101      ( Date: 19-May-2020 14:12) Posted: will theritcally the SIA share will drop to $3 after the rights been exercised? furnaces      ( Date: 19-May-2020 13:57) Posted: Technically can. SBL to short SIA shares at $3.75 then buy rights at $0.60, exercise by paying $3.  After deducting brokerage and cost of borrowing SIA shares. Probably got some kopi money left. On theory is risk free, but who knows. DLC SIA 5x short also can go suspended when SIA trend is down
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