| Latest Forum Topics / SATS Last:3.99 -- |
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Sats
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ckmpd1
Supreme |
12-Oct-2022 11:17
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Agree. But i suspect SATs is in a dilemma.  How to announce positive news if the plans are not finalised.  $1.7B is not a small sum.  Any financial institution which is going to finance such a big acquisition needs top approval,  That takes time, not two or three weeks. Meanwhile the bleeding continues
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Shaneong
Senior |
12-Oct-2022 11:14
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They should Halt the trading immediately.....then announce with positive news....and kill those shortlists and manipulators .....lol
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ckmpd1
Supreme |
12-Oct-2022 11:11
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Let us give Kerry Mok and his team the benefit of the doubt and wait for his next announcement | ||||
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Slowturtle
Senior |
12-Oct-2022 11:08
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CEO should be chopped for the fiasco. | ||||
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Shaneong
Senior |
12-Oct-2022 11:05
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Seriously....they shd halt the trading....such a big blunder...
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ckmpd1
Supreme |
12-Oct-2022 11:05
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Agree. The longer the silence, the more the bleeding. But how to announce anything if cant finalise the loans?  Hence the dilemma.  This exposes the quality of SATs mgmt.  Damage control mode now.
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Shaneong
Senior |
12-Oct-2022 11:00
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They were eager to take credit for this wonderful project .....pretty obvious they got the shock of their lives when the response was opposite of what they expected....sad thing is....they just let the real investors suffer from being crushed by manipulators.... They should stop the bleed from either an announcement or halt the trading till everything is resolved
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ckmpd1
Supreme |
12-Oct-2022 10:52
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Yes.  Looks like SATs has not decided how to finance the $1.7B.  Rights, bonds or loans?  Apparently quite expensive to borrow loan in this high interestb rate environment.    So why the hurry to announce the acquisition?  Did the hasty announcement without clarity cause the price falls?
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MichaelSchenker
Master |
12-Oct-2022 10:46
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Regarding funding, I' m not absolutely sure of this, but I felt Rights Issue and Bonds would be a better option than borrowing due to current high finance costs.  I guess final decision has not been made. |
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TikTalk
Supreme |
12-Oct-2022 10:43
Yells: "Anyone miss me?" |
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Below was what I posted on 5th October at my thread, dunno useful or not. SATS  -    Rights Issue Market talks of  $2.79  rights price is very interesting when I look at the chart of SATS. As you can see from the highlights on the chart, $2.78 was a previous high and  2.60-2.80 was a previous breakout area that became supported during covid sell-off.  Technically speaking these area of historical levels of resistances and supports are of significant importanance when considering entry level of a stock. All the    bre@st
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ckmpd1
Supreme |
12-Oct-2022 10:42
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Looks like financing for the acquisition has not been finalised or settled at this point.  That is why the eerie silence for the past two weeks.  Perhaps acquisition announcement on 28 Sep was poorly timed
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Adrianinsing
Elite |
12-Oct-2022 10:41
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Yes
Which will mean more rights needing to be issued which means more shares and thus more dilution and an even lower share price
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Shaneong
Senior |
12-Oct-2022 10:41
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Nah......I say very likely they will come out to say the rights issue will be of smaller proportion 
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ckmpd1
Supreme |
12-Oct-2022 10:36
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SATs may have to lower the Rights price.  $2.79 looks unstainable
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Adrianinsing
Elite |
12-Oct-2022 10:35
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Of course - at this rate it will be $2.50 next week and $2.30 the week after !!
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MARKWONG
Senior |
12-Oct-2022 10:35
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There is nothing can do but simply wait. The market sentiment is really bad which will override everything. Sats acquisition tagged on the wrong moment where everywhere desperately looking for cash. The borrowing cost is too high as for current. The CEO wants to show off at shareholders cost. Another SPH typical management with no financial senses. |
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ckmpd1
Supreme |
12-Oct-2022 10:34
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agree.  my belief is in the short term the WFS acquisition is a liability to present SHs.  Perhaps in the LT it is good but it depends on the financing, global econonies, travel industry, etc.    many SHs may prefer to sell now and buy back later
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Shaneong
Senior |
12-Oct-2022 10:25
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The victims will always be the us....normal people
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Shaneong
Senior |
12-Oct-2022 10:22
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They will tell you it' s free market....unless proven this is manipulated by the " few" players, it' s still ok....
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ckmpd1
Supreme |
12-Oct-2022 10:18
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Doesnt matter.  It is their money. 
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