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gosharej Senior	14-Nov-2022 09:28        gosharej About Contact  Quote this Post!
x 0   x 0  Alert Admin	up trend move now guiren      ( Date: 13-Nov-2022 21:51) Posted: No dividends, losing $$ and the CEO, Directors drew fat fat salries ,, The company&rsquo s independent non-executive chairman Euleen Goh was paid fees totalling S$249,000 for FY2022, and S$214,795 for FY2021. (Sats has a Mar 31 year end). She has served as an independent director (ID) of Sats since Aug 1, 2013. Her continued appointment as an ID was approved for a further three years under a &ldquo two-tier&rdquo vote at the company&rsquo s most recent annual general meeting on Jul 22. The company&rsquo s current president and chief executive Kerry Mok was appointed only on Dec 15, 2021. For FY2022, he was paid a pro-rated amount of S$387,874 comprising salary, bonuses and benefits for that role. Prior to becoming president and CEO of Sats, he was part of the group&rsquo s senior management team. For FY2021, he was paid between S$1 million and S$1.25 million in salary, bonuses and benefits. CharlieWaters      ( Date: 13-Nov-2022 21:26) Posted: SIAS will be holding an event tmr for shareholders to query and hear mgmt point of view about the WFS transaction. What should minority shareholders be concerned about? I think the following are important. 1) In the past 10 years, what has WFS?s dividend payout to its shareholders been like? If WFS is the number one player in air cargo handling and has a track record of profitable growth, there would have been excess cash generated that can be returned to its shareholders. 2) SATS? presentation of the transaction highlights EBITDA margin. But EBITDA alone is an incomplete picture. How has WFS performed in terms of EBIT margin, Net Profit margin, Return on Equity and Return on Invested Capital in the past 10 years? 3) Would the New SATS be able to pay dividends to shareholders and at what amount per share? A key concern of minority shareholders is that the existing debt at WFS and the new debt-instruments that SATS has to take up to finance the acquisition could mean that there would be little cashflow and earnings left for paying dividends. Understand that management may not want to give forward guidance due to the future being unpredictable. So, to address the above minority shareholders? concern and to help management give guidance, based on the following assumptions (and only if these assumptions hold), what could a reasonable range of dividend per share be? a) Based on the pre-COVID earnings of both SATS and WFS b) Based on a right issue of $800 million c) Based on WFS?s existing debt position and repayment schedule d) Assuming SATS will not do anymore merger and acquisition activities. 4) Cross-selling across a combined customer base is extolled as one of the key synergies of the deal. So that minority shareholders can better assess the achievability of this synergy, in the past 10 years, across SATS cargo network in Asia (e.g. Singapore, Taiwan, Hong Kong, Indonesia), which cargo stations has SATS combined together in a network deal and for which airlines?
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guiren Veteran	13-Nov-2022 21:51        guiren About Contact  Quote this Post!
x 0   x 0  Alert Admin	No dividends, losing $$ and the CEO, Directors drew fat fat salries ,, The company&rsquo s independent non-executive chairman Euleen Goh was paid fees totalling S$249,000 for FY2022, and S$214,795 for FY2021. (Sats has a Mar 31 year end). She has served as an independent director (ID) of Sats since Aug 1, 2013. Her continued appointment as an ID was approved for a further three years under a &ldquo two-tier&rdquo vote at the company&rsquo s most recent annual general meeting on Jul 22. The company&rsquo s current president and chief executive Kerry Mok was appointed only on Dec 15, 2021. For FY2022, he was paid a pro-rated amount of S$387,874 comprising salary, bonuses and benefits for that role. Prior to becoming president and CEO of Sats, he was part of the group&rsquo s senior management team. For FY2021, he was paid between S$1 million and S$1.25 million in salary, bonuses and benefits. CharlieWaters      ( Date: 13-Nov-2022 21:26) Posted: SIAS will be holding an event tmr for shareholders to query and hear mgmt point of view about the WFS transaction. What should minority shareholders be concerned about? I think the following are important. 1) In the past 10 years, what has WFS?s dividend payout to its shareholders been like? If WFS is the number one player in air cargo handling and has a track record of profitable growth, there would have been excess cash generated that can be returned to its shareholders. 2) SATS? presentation of the transaction highlights EBITDA margin. But EBITDA alone is an incomplete picture. How has WFS performed in terms of EBIT margin, Net Profit margin, Return on Equity and Return on Invested Capital in the past 10 years? 3) Would the New SATS be able to pay dividends to shareholders and at what amount per share? A key concern of minority shareholders is that the existing debt at WFS and the new debt-instruments that SATS has to take up to finance the acquisition could mean that there would be little cashflow and earnings left for paying dividends. Understand that management may not want to give forward guidance due to the future being unpredictable. So, to address the above minority shareholders? concern and to help management give guidance, based on the following assumptions (and only if these assumptions hold), what could a reasonable range of dividend per share be? a) Based on the pre-COVID earnings of both SATS and WFS b) Based on a right issue of $800 million c) Based on WFS?s existing debt position and repayment schedule d) Assuming SATS will not do anymore merger and acquisition activities. 4) Cross-selling across a combined customer base is extolled as one of the key synergies of the deal. So that minority shareholders can better assess the achievability of this synergy, in the past 10 years, across SATS cargo network in Asia (e.g. Singapore, Taiwan, Hong Kong, Indonesia), which cargo stations has SATS combined together in a network deal and for which airlines?
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guiren Veteran	13-Nov-2022 21:38        guiren About Contact  Quote this Post!
x 0   x 0  Alert Admin	Indeed, Francis Lim ,, Retail investors need the regular dividends after foregoing during the pandemic, we need to pay the bills and the food on the table. The company&rsquo s independent non-executive chairman Euleen Goh was paid fees totalling S$249,000 for FY2022, and S$214,795 for FY2021. (Sats has a Mar 31 year end). She has served as an independent director (ID) of Sats since Aug 1, 2013. Her continued appointment as an ID was approved for a further three years under a &ldquo two-tier&rdquo vote at the company&rsquo s most recent annual general meeting on Jul 22. The company&rsquo s current president and chief executive Kerry Mok was appointed only on Dec 15, 2021. For FY2022, he was paid a pro-rated amount of S$387,874 comprising salary, bonuses and benefits for that role. Prior to becoming president and CEO of Sats, he was part of the group&rsquo s senior management team. For FY2021, he was paid between S$1 million and S$1.25 million in salary, bonuses and benefits.   FrancisLim      ( Date: 11-Nov-2022 13:45) Posted: In the recent quarter financial statements, co had to resort to comparing with and without pandemic wage subsidies to show a smaller loss quarter to quarter. We are all aware that the pandemic wage subsidies served many purposes.. but the fact that with or without subsidies, the recent result was still a loss and no restoration of dividends and the share price tanked further. The subsidies probably enabled the co to warm start the operations after being mothballed due to covids. If the Co had to do such comparisions to look good.. then one may question whether it can digest the current acquisiton. of S1.64 billion? Hope in the dialogue, Co  would not resort to such petty comparisons to look a bit better? We are fully aware that some Cos' directors shamelessly paid themselves performance bonuses where the results were inflated by the subsidies.. What SATs is doing is not better, after taking the freebies tried to account to show that it is doing better excluding the subsidies.
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investshare Supreme	13-Nov-2022 21:32        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	One key point many missed. The most valuable asset WFs have is the contracts. So when will the contracts expire? What is stopping original WFs executive to start new company to compete?
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CharlieWaters Member	13-Nov-2022 21:26        CharlieWaters About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIAS will be holding an event tmr for shareholders to query and hear mgmt point of view about the WFS transaction. What should minority shareholders be concerned about? I think the following are important. 1) In the past 10 years, what has WFS?s dividend payout to its shareholders been like? If WFS is the number one player in air cargo handling and has a track record of profitable growth, there would have been excess cash generated that can be returned to its shareholders. 2) SATS? presentation of the transaction highlights EBITDA margin. But EBITDA alone is an incomplete picture. How has WFS performed in terms of EBIT margin, Net Profit margin, Return on Equity and Return on Invested Capital in the past 10 years? 3) Would the New SATS be able to pay dividends to shareholders and at what amount per share? A key concern of minority shareholders is that the existing debt at WFS and the new debt-instruments that SATS has to take up to finance the acquisition could mean that there would be little cashflow and earnings left for paying dividends. Understand that management may not want to give forward guidance due to the future being unpredictable. So, to address the above minority shareholders? concern and to help management give guidance, based on the following assumptions (and only if these assumptions hold), what could a reasonable range of dividend per share be? a) Based on the pre-COVID earnings of both SATS and WFS b) Based on a right issue of $800 million c) Based on WFS?s existing debt position and repayment schedule d) Assuming SATS will not do anymore merger and acquisition activities. 4) Cross-selling across a combined customer base is extolled as one of the key synergies of the deal. So that minority shareholders can better assess the achievability of this synergy, in the past 10 years, across SATS cargo network in Asia (e.g. Singapore, Taiwan, Hong Kong, Indonesia), which cargo stations has SATS combined together in a network deal and for which airlines?
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FrancisLim Elite	11-Nov-2022 22:08        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good article. Freight rates that soared during height Of pandemic and supply chain issues, have normalised. FaceTheFact      ( Date: 11-Nov-2022 21:14) Posted: https://www.dividendtitan.com/is-sats-playing-a-risky-game/  .... Happy reading.
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PQTPQK Supreme	11-Nov-2022 21:49        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	How u know they buying? gosharej      ( Date: 11-Nov-2022 15:48) Posted: Funds are buying
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FaceTheFact Member	11-Nov-2022 21:14        FaceTheFact About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	https://www.dividendtitan.com/is-sats-playing-a-risky-game/  .... Happy reading.
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PL1968 Senior	11-Nov-2022 18:22        PL1968 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Up $0.1 today, on the right way of recovery toward $4-5 direction PL1968      ( Date: 11-Nov-2022 00:45) Posted: SATS purchasing of WFS now is really good decision IMHO! Imagine if SATS do it 2 years later when everything back to normal, they may have to pay double or triple of price! I believe we will see good results 2 years down the road once SATS and WFS integrates well with synergy effects. SATS purchasing of WFS is also sure supported by Temasek! Don& rsquo t think Temasek is stupid and never do their due diligent on the purchase! SATS price already discount $1.95 from about $4.5 to current $2.55. Considering 1.12B Sats shares x $1.95 discount is $2.18B. This $2.18B is already more than sufficient to pay the WFS purchase price of $1.8B. So if someone enter at $2.55 now is like giving him free WFS! SATS management proposed less than $800m fund from rights, it is less than $0.71 for each share, this is much less than $1.95 discount on price. So is it good time to enter at $2.55 right now? Some people saying there are a lot of uncertainties. Yes, that is right. But when everything is clear, will the opportunity still be there?  水   至   清   则   无   鱼   , am I right? Just sharing some of my views and hope it is helpful. Some may like it and some may not. It does not matter, as we all have to do our own diligent, it is individual& rsquo s decision as to buy, to sell or to wait.
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Adrianinsing Elite	11-Nov-2022 17:11        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	My 6th sense tells me SATS will rebound to $3 next week I think some clarity will come and buyers will come back and short sellers will need to cover positions
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gosharej Senior	11-Nov-2022 15:48        gosharej About Contact  Quote this Post!
x 0   x 0  Alert Admin	Funds are buying
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honesty Master	11-Nov-2022 14:11        honesty About Contact  Quote this Post!
x 1   x 0  Alert Admin	good news just in, china relaxing quarantine for travellers to 5 days, and no penalty for airlines bringing infected passengers, going up up north including SIA
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FrancisLim Elite	11-Nov-2022 13:45        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the recent quarter financial statements, co had to resort to comparing with and without pandemic wage subsidies to show a smaller loss quarter to quarter. We are all aware that the pandemic wage subsidies served many purposes.. but the fact that with or without subsidies, the recent result was still a loss and no restoration of dividends and the share price tanked further. The subsidies probably enabled the co to warm start the operations after being mothballed due to covids. If the Co had to do such comparisions to look good.. then one may question whether it can digest the current acquisiton. of S1.64 billion? Hope in the dialogue, Co  would not resort to such petty comparisons to look a bit better? We are fully aware that some Cos' directors shamelessly paid themselves performance bonuses where the results were inflated by the subsidies.. What SATs is doing is not better, after taking the freebies tried to account to show that it is doing better excluding the subsidies.
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wait4opp Master	11-Nov-2022 13:28        wait4opp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heard Mon trading halt to prepare for announcements on Tue after Monday Meetup DYODD
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ruanlai Elite	11-Nov-2022 13:14        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Prepare for the sudden surg in pricing today........ With the support of TH, the price might shoot up to $3 by Monday before closing to have a better position to face all angry SH....... DYODD.......
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Hector Veteran	11-Nov-2022 11:22        Hector About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes..I do agree with your comment I just think that current price level has alrady factor in all the bad news. I am not sure whether there is chance to reverse the acquisition during EGM, when T as major shareholder say YES.  Let see what SATS CEO says during EGM. FrancisLim      ( Date: 11-Nov-2022 11:02) Posted: Most of the invesors esp the institutional investors voted with their feet.  No issue with a good acquisition, which does not cause the share price to plunge and unable to pay dividends which used to be the hallmark of SATS Retail investors need the regular dividends after foregoing during the pandemic, we need to pay the bills and the food on the table, not maybe.  Those are the realities.and not the maybe..   Hector      ( Date: 11-Nov-2022 10:57) Posted: As an investor, ones should look in long term. Maybe SATS will the first company in Singapore, to be No 1 for Flight services provider in the World. Share price maybe higher that SIA. Who knows.. Anyway, I will be keen to buy and keep for longer term and see price appreciation as I dont believe in  dividend payout.
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kepoh88 Veteran	11-Nov-2022 11:12        kepoh88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some people paint so rosy but TH is the one who run road by selling to those stupid retail  few days after the annoucement. It is good , judge for yourself...can tell you the cargo business is declining with all the suuply chain disrupted  just by one country.
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FrancisLim Elite	11-Nov-2022 11:02        FrancisLim About Contact  Quote this Post!
x 1   x 0  Alert Admin	Most of the invesors esp the institutional investors voted with their feet.  No issue with a good acquisition, which does not cause the share price to plunge and unable to pay dividends which used to be the hallmark of SATS Retail investors need the regular dividends after foregoing during the pandemic, we need to pay the bills and the food on the table, not maybe.  Those are the realities.and not the maybe..   Hector      ( Date: 11-Nov-2022 10:57) Posted: As an investor, ones should look in long term. Maybe SATS will the first company in Singapore, to be No 1 for Flight services provider in the World. Share price maybe higher that SIA. Who knows.. Anyway, I will be keen to buy and keep for longer term and see price appreciation as I dont believe in  dividend payout.
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Hector Veteran	11-Nov-2022 10:57        Hector About Contact  Quote this Post!
x 0   x 0  Alert Admin	As an investor, ones should look in long term. Maybe SATS will the first company in Singapore, to be No 1 for Flight services provider in the World. Share price maybe higher that SIA. Who knows.. Anyway, I will be keen to buy and keep for longer term and see price appreciation as I dont believe in  dividend payout.
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Hector Veteran	11-Nov-2022 10:10        Hector About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think SATS is so keen for the acquisition is partly because of current strong Sing$ Therefore, they think it is the right time now as air travel will surely boom in near future. Maybe T is behind SATS to push this acquisition for a big Win for SATS in long run and also to put Singapore a strong presence to the World.
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