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SIA

desmodeus
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14-May-2020 10:11

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Its MCBs went as high as 0.019 yesterday for a reason. As can be seen from the schedule below, the MCB is worth at a increasing semi-annually compounded rate of ~4% p.a. This is the opposite to its warrant which will suffer time decay.

Table 3: Redemption schedule of the MCBs

Year	Semi-Annual Date	Redemption Price (%)	Annual Yield-To-Call (%)
1	1st	102.000	4.0
1	2nd	104.040	4.0
2	3rd	106.121	4.0
2	4th	108.243	4.0
3	5th	110.408	4.0
3	6th	112.616	4.0
4	7th	114.869	4.0
4	8th	117.166	4.0
5	9th	124.886	5.0
5	10th	128.008	5.0
6	11th	131.209	5.0
6	12th	134.489	5.0
7	13th	137.851	5.0
7	14th	141.297	5.0
8	15th	155.797	6.0
8	16th	160.471	6.0
9	17th	165.285	6.0
9	18th	170.243	6.0
10	19th	175.351	6.0
Source: Company Data Data as of 20 Apr 20

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Oldman278
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14-May-2020 10:07

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Well, a very good dream indeed..

At 10, over driven economy environment, pre pandemic
At 4 , slow economy, pandemic without considering the huge losses and artificial price support...

post pandemic in 1 year, what do u think the fair value it should be after considering how all the losses?

To be fair, this counter is only for the elitist and cronies.. not suitable for common ppl..

The only reason they invite common ppl is for only one reason.. which i think all knows...

Beside, even before we buy this counter, we already lose money because Gs/T going to use our reserves which is our money to support..

My humble 2 cts worth..

Dyodd

westpoison ( Date: 14-May-2020 09:54) Posted:

$4.84 only happens after 10years. So we got time for it to go back up. So if by then if SIA worth $10, then ur $4.84 will be a good deal.

lighter87 ( Date: 14-May-2020 09:52) Posted:

Investors risk loss if SIA share price falls below the conversion price of S$4.84. If SIA share price falls below S$4.84 when the MCBs are redeemed, a loss will be incurred from paying a higher price to receive the new SIA shares at the redemption or maturity date

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lighter87
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14-May-2020 10:07

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Mcb rate is only like 2 percent per year. Might as well go and buy the 3.03 percent bond, furthermore it is trading at less than 1 dollar.

takashinzy ( Date: 14-May-2020 10:04) Posted:

Which is why paying $1 for the bonds in hope to get early redemption (4% first few yrs) might be good?

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takashinzy
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14-May-2020 10:07

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If falls below $3 the rights can kiss goodbye. :(

t0RNAD0 ( Date: 14-May-2020 10:05) Posted:

Not sure if will more than 4.84 in future 10 years but only know right now look closer to 2.84.
Shortist Chiong ah!!!!

lighter87 ( Date: 14-May-2020 09:59) Posted:

They do not rule out further future right and bond issues. So have to pray hard it reaches at least 4.84 with all the massive dilutio

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wenyen
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14-May-2020 10:05

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It' s not up to investors whether they want to convert, it will be converted at a rate of $1000 worth of MCBs to 373 shares after 10 years. SIA has the option every half a year to recall the MCBs

westpoison ( Date: 14-May-2020 09:50) Posted:

MCB is a bond. You can convert to share after 10years.

takashinzy ( Date: 14-May-2020 09:37) Posted:

MCB sounds good deal huh at 0.001, pay $1 to subscribe later can convet to share? :)

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t0RNAD0
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14-May-2020 10:05

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Not sure if will more than 4.84 in future 10 years but only know right now look closer to 2.84.
Shortist Chiong ah!!!!

lighter87 ( Date: 14-May-2020 09:59) Posted:

They do not rule out further future right and bond issues. So have to pray hard it reaches at least 4.84 with all the massive dilution

westpoison ( Date: 14-May-2020 09:54) Posted:

$4.84 only happens after 10years. So we got time for it to go back up. So if by then if SIA worth $10, then ur $4.84 will be a good deal

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takashinzy
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14-May-2020 10:04

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Which is why paying $1 for the bonds in hope to get early redemption (4% first few yrs) might be good?

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westpoison
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14-May-2020 10:01

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Possible also. If too much debt, Ah Kong may also tear this down (declare bankrupt) and rebuild again. So end up go to zero.

lighter87 ( Date: 14-May-2020 09:59) Posted:

They do not rule out further future right and bond issues. So have to pray hard it reaches at least 4.84 with all the massive dilution

westpoison ( Date: 14-May-2020 09:54) Posted:

$4.84 only happens after 10years. So we got time for it to go back up. So if by then if SIA worth $10, then ur $4.84 will be a good deal

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lighter87
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14-May-2020 09:59

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They do not rule out further future right and bond issues. So have to pray hard it reaches at least 4.84 with all the massive dilution

westpoison ( Date: 14-May-2020 09:54) Posted:

$4.84 only happens after 10years. So we got time for it to go back up. So if by then if SIA worth $10, then ur $4.84 will be a good deal.

lighter87 ( Date: 14-May-2020 09:52) Posted:

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westpoison
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14-May-2020 09:54

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$4.84 only happens after 10years. So we got time for it to go back up. So if by then if SIA worth $10, then ur $4.84 will be a good deal.

lighter87 ( Date: 14-May-2020 09:52) Posted:

westpoison ( Date: 14-May-2020 09:50) Posted:

MCB is a bond. You can convert to share after 10years

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lighter87
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14-May-2020 09:52

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westpoison ( Date: 14-May-2020 09:50) Posted:

MCB is a bond. You can convert to share after 10years.

takashinzy ( Date: 14-May-2020 09:37) Posted:

MCB sounds good deal huh at 0.001, pay $1 to subscribe later can convet to share? :)

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westpoison
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14-May-2020 09:52

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ssue Price at $1: This means that you need to pay $1 per rights MCB in order to convert the rights into bonds. The exercise deadline is on 28 May 2020, 5pm. If you hold the shares in a custodian account, your broker may set a deadline earlier than 28 May. So take note of the timing. You have to pay for the rights via ATM if you hold the rights in CDP and transfer the money to your brokerage account if the rights are held under custody.

Zero-coupon: The MCBs are zero-coupon bonds which means you will not receive interest payments. Instead, you will receive a maturity amount that is higher than the principal you have put in. The maturity amount is equivalent to S$1,806.11 based on $1,000 principal. Or every $1 you put in, you get $1.81 at the end of 10 years.

Mandatory Conversion: As the name emphasised mandatory conversion, this means that the bonds will be converted to SIA shares upon maturity. There will be no cash paid to you.

Callable: The MCBs are also redeemable by SIA before maturity. They can have the option to redeem once every 6 months. Your yield will range between 4% and 6% depending on the year of redemption. The closer to the maturity, the higher the yield.

westpoison ( Date: 14-May-2020 09:50) Posted:

MCB is a bond. You can convert to share after 10years.

takashinzy ( Date: 14-May-2020 09:37) Posted:

MCB sounds good deal huh at 0.001, pay $1 to subscribe later can convet to share? :)

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westpoison
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14-May-2020 09:50

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MCB is a bond. You can convert to share after 10years.

takashinzy ( Date: 14-May-2020 09:37) Posted:

MCB sounds good deal huh at 0.001, pay $1 to subscribe later can convet to share? :)

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wenyen
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14-May-2020 09:47

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our condolences to him man kena played by BB

lighter87 ( Date: 14-May-2020 09:31) Posted:

Imagine the dude who bought at 0.019 yesterday

wenyen ( Date: 14-May-2020 09:30) Posted:

I think can but there' s a risk it drops to 0.001 and if vested at 0.002 is a straight 50% loss dyod

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takashinzy
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14-May-2020 09:46

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Rights wld not be attractive though seeing the rate of share price drop like laosai...

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takashinzy
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14-May-2020 09:37

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MCB sounds good deal huh at 0.001, pay $1 to subscribe later can convet to share? :)

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gregtan123
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14-May-2020 09:37

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sorry i meant 21 May.

13 May to 21 May: Rights and MCBs are being traded on the bourse

28 May: If you still own the Rights or MCBs (as original SIA shareholders who are entitled to it or if you purchase on the open market), this will be the last day for subscription. You can pay for your rights through the ATM if your SIA shares are held under your own CDP or pay it through your custodian broker account.

westpoison ( Date: 14-May-2020 09:35) Posted:

Today already 14 May and its still trading.

gregtan123 ( Date: 14-May-2020 09:34) Posted:

Will the MCB still be tradeable after 13 May 5pm? of if u dont convert go to zero? considering if i want to buy some MCB R.

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westpoison
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14-May-2020 09:35

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Today already 14 May and its still trading.

gregtan123 ( Date: 14-May-2020 09:34) Posted:

Will the MCB still be tradeable after 13 May 5pm? of if u dont convert go to zero? considering if i want to buy some MCB R.

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gregtan123
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14-May-2020 09:34

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Will the MCB still be tradeable after 13 May 5pm? of if u dont convert go to zero? considering if i want to buy some MCB R.

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DooDoo
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14-May-2020 09:33

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2.5? Hmm i dont know

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Its MCBs went as high as 0.019 yesterday for a reason. As can be seen from the schedule below, the MCB is worth at a increasing semi-annually compounded rate of ~4% p.a. This is the opposite to its warrant which will suffer time decay. Table 3: Redemption schedule of the MCBs

Its MCBs went as high as 0.019 yesterday for a reason. As can be seen from the schedule below, the MCB is worth at a increasing semi-annually compounded rate of ~4% p.a. This is the opposite to its warrant which will suffer time decay.

Table 3: Redemption schedule of the MCBs