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SIA
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Oldman278
Senior |
16-May-2020 09:59
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Well, true.. but Just dont expect the price to be like pre pandemic..
It will be as low as it can be for quite a long time, and until such time whereby passengers can fly without risk, I would Say good luck To those holding on at the high.. Dyodd
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tofudidi
Supreme |
16-May-2020 09:53
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Hi guys, i recently bought some shares on 8 may... Am i eligible for the rights and what will happen to my shares if i choose not to do anything and leave it during the 13 may - 28 may period.. will my shares be gone? | ||||
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SinglePore
Member |
16-May-2020 09:41
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With the number of SIA shares will be bloated by 3 times then, it will create share overhang. With cheap SIA R, majority of people got SIA within this week & next week so their cost is probably ranging from $3.6x to $3.9x (as of yesterday). On Jun 8 onwards, they probably want to take profit on whatever higher price than their cost. Until this group of people has been flushed out from the market, only the stock price can continue to go up. From May 21 to Jun 7, the stock price may go up because of the absence of selling pressure from Right holders and number of shares is still the same as the existing. But Jun 8 onwards, that could be short term consolidation due to stock overhang. If you don' t bother with the timing, just hold the stock for a longer-term. I believe the market has priced in a disaster revenue for Q1 2021 (Apr-Jun), as everybody also knows only 4% of SIA flight is in operations. Most of the bad news within SIA has been known to the public and stock price has been punished in this quarter. SIA only needs to resume more flights from Jul onwards and that will improve the stock price.
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uiop1223
Supreme |
16-May-2020 09:37
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Further issuance of MCBs means more debt from now till 10yrs when it needs to redeem. And if not redeem, more share dilution upon maturity. I leave it to u guys to do the maths.
But then, im not sure if most of u understand |
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uiop1223
Supreme |
16-May-2020 09:34
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🤦 U guys still dont understand?!
Ah gong, ah loong & heng zai all promise to ensure survival of SIA. Money will be pumped and temesak will absorb all rights and MCB rights not taken up. They dont give a damn what is price of SIA now. In fact, im 99% sure that SIA will call for next round of MCB which result in more debts and dilution. SIA knows they cannot issue too much rights and mcb rights. That why they only issue partial now. SIA already disclosed that within 15 mths of EGM approval for this rights exercise, SIA can issue another additional 6.2b worth of MCBs. This shows that they are preparing for the worst if situation doesnt improve Now, the priority of ah gong and ah loong is to ensure SIA dont go down. NOT TO RESTORE PRICE OF SIA Pls read the announcements of SIA carefully. Its all of your hard earned money. For god sake! Read carefully.
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AhLiang
Elite |
16-May-2020 09:33
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Holders of the Rights will sell away the Rights within the next 4 days if they don't wish to subscribe to the new shares. So it is only logical to assume that whoever holding the Rights after 21 May will buy the new shares. Hence no Rights will go to waste (or go into Temasek''s pockets).
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AhLiang
Elite |
16-May-2020 09:10
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It is 4 more days of punting to go. The mother shares and Rights are being punted up and down by BBs. Hence these 4 days very hard to predict. When all shares merge the main shares will most probably be cheaper than yesterday''s. Next quarter''s results will be very ugly. Next few years SIA will continue to make losses, meaning share prices will stay depressed for a long time. Personal view.
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Acl2013
Veteran |
16-May-2020 08:59
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If you are the key person to manage Tamasek, will you just hang around do nothing ?
SIA price will going up till 21 May Right training end to ensure the Right are fully subscribe . |
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uiop1223
Supreme |
16-May-2020 08:34
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I would say play within your means. One alternative is to close 50% of your shorts.. etc. I expect the price to drop more in June and early jul when they release the qtr review for Apr - Jun. Just a suggestion.
Im still long term bearish on SIA but i think the price that u short is not attractive..
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TA_Expert
Supreme |
16-May-2020 02:05
Yells: "The World has changed" |
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Many of the doomers are saying that the share price will crash in Jun once the rights merged with the main shares. Meaning that there is still hope.
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stockgurus
Member |
16-May-2020 01:54
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Hi, I proposed you set a stop loss at 4.10. I would say it could go back down to 3.70 next week. You better close when 3.70, dont greedy.
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Starship
Supreme |
16-May-2020 01:16
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Win2607
Member |
15-May-2020 23:19
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Hi, To all the expert bros in the forum. I am a noob and I have only 1 question to ask. I am holding on to my CFD short position at $3.80. (Now I amost loss all my saving in trading SIA and Bitcoin ), Should I closed the position on monday early morning and cut loss. I am worried the price will go up to 4 plus, then I will burst my account once again. Please advise, thanks in advance. |
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gregtan123
Supreme |
15-May-2020 22:24
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I read in some forum topic dunno what Aztechs share delist now yearly dividend more than the takeover price haha, what a good deal. Also 90% they can force u to sell like UE. worse was the yanlord/DBS force UE low ball takeover. As a side to be very honest the MCB R for a lot of the old folks who have say 1,000 share of SQ (my old auntie call me) is worthless right? I told her she sell 2950 at 0.001, the brokerage is more than the sale price right? In short, if that' s the case, both T and the G really shortchange the oldies lei. Like give u MCB but MCB is negative value? Note question indepedent from my 500k at 0.002 crazy gamble haha, i think that 4D lost liao.
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AhLiang
Elite |
15-May-2020 21:50
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I will not touch for the time being until the new shares enter the market because I foresee the following,
MCB R on the last day of trading will be sold for $0.001 and no buy queue because people are only punting it and not really thinking of picking it up. SIA R will drop to new low on the last day because, again, many people are just playing them and have no money or no wish to convert them into shares. SIA main shares will be dragged down by the rights on the last trading day of the rights instead of the other way round (now the main shares are pushed up or down by the BBs for trading of Rights). The main shares when all shares merge will be cheaper than the main shares now. Just guessing with only 50% confidence. BBs will fight among themselves and the winner will decide. |
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uiop1223
Supreme |
15-May-2020 21:28
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If temesak hold > 90% of total shares, it need to make a general offer to all shareholders. U can choose not to accept and become shareholder of a pte limited company. Its common. U are still entitled to dividends, if any.
Just that its difficult to exit from pte limited since the shares are no longer traded publicly.
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faust89
Member |
15-May-2020 20:33
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Anyone already made a purchase via here? I have already made paynow transfer but no answer yet https://www.singaporeair.com/en_UK/sg/about-us/information-for-investors/rights-issue/ | ||||
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newbieliu
Elite |
15-May-2020 20:26
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Agreed. it is worse for those mid cap or penny companies that some like me wrongly invest in. They can really issue shares like no end or combine shares from 20 to 1 and the price drop again ... unfortunately this is hard reality some have to swallow . Let' s keep fingers crossed for the best . whether you are longists or holders for short term or shortists
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newbieliu
Elite |
15-May-2020 20:21
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Lol . let' s use your analogy for potatotes. if you are given these potatoes which has $1 value at first, would you let its value erode? For those who do not have these potatoes they wont care a hoot as the values did not depreciate from their original holdings and say easily that it is okay to let it drop to zero. For a person who owns 3 potatoes at first, they will lose 3 dollars immediately, Since the right shares has its value that affect the cost price to the mother share, can we brush aside the values of these right shares before they expire? if they are independent of each other, they can just issue shares directly to the shareholders will do and ask them pay $3 dollars will do to support the company will do. The issue always lies in if the original holders want any saboteur to continue to make their money disappear ? It is simple as if you have invested in a company, you will not want the share price to fall . MY 2cents
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SinglePore
Member |
15-May-2020 20:20
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As a reputable global sovereign wealth fund, Temasek can raise billions of $ of the bond to get cash. Interest rate now is close to zero so it is a good time for Temasek to raise money now. Temasek doesn' t need to depend on your cpf or gov money to get cash. Fundraising of SIA is not too difficult for Temasek. The sad thing about Right issue is the dilution suffered by small investors who don' t have enough cash to subscribe. But what can we say? Any public-listed companies are given a chance to raise fund from shareholders. For me, it is like to beg (or " rob" ) more cash from shareholders, whenever the company is facing a cash problem. Companies like SIA that have successful to raise fund are very lucky to avoid deeper financial problems, esp during COVID crisis. With most highly leveraged companies now face a cash crunch, sooner or later they will " rob" us for cash in order to survive, while some of us are also facing financial problems. Banks are not their good friends in time of trouble so shareholders are the only " kaki-lang" that they can " rob" for cash. Sorry, if I use the word " rob" . In reality, it is like robbing, because the company never consult with us whether we are willing to top up more cash for them. They just simply announce the fundraising publicly and the stock price will crash and shocking all small investors. For me, it is disgusting, but small investors don' t have any say. If you are now holding stocks that are quite imminent to announce fundraising via Right issue, just mentally prepare for such betrayal. in the next few days SIA fundraising is behind us so buying SIA will spare you for such uneasy feeling of being " robbed" , because SIA will get so much money and will not " rob" you in the near future. With that mind, it is your guess which companies will raise fund like SIA in coming weeks or months.
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