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trademaster Supreme	24-Apr-2020 14:10        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Halted before recently, not sure if there will be anymore announcements, and cannot rule out the possibility. Hope to collect cheap after ex-rt. uiop1223      ( Date: 24-Apr-2020 13:48) Posted: Halt? Because ah gong got cold feet. Lol I short when SIA ex-r on 6 May
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uiop1223 Supreme	24-Apr-2020 13:48        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Halt? Because ah gong got cold feet. Lol I short when SIA ex-r on 6 May
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trademaster Supreme	24-Apr-2020 13:46        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	If suddenly halt and gap up above 6.50, not surprise will shoot to $8... AhLiang      ( Date: 24-Apr-2020 06:06) Posted: I suspect that BB was "Expert" from this forum. He insisted SIA will "Soar" to $8 and above in 6 months. But cash call only $3 and Sias already queried so many things. Can? I want to bet with him he run away. lighter87      ( Date: 22-Apr-2020 12:29) Posted: BB supporting the price, I believe they will push back to 6 dollars plus before EGM. Plus yesterday there's heavy selling BB absorb all. They will unload at higher price
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AhLiang Elite	24-Apr-2020 06:06        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	I suspect that BB was "Expert" from this forum. He insisted SIA will "Soar" to $8 and above in 6 months. But cash call only $3 and Sias already queried so many things. Can? I want to bet with him he run away. lighter87      ( Date: 22-Apr-2020 12:29) Posted: BB supporting the price, I believe they will push back to 6 dollars plus before EGM. Plus yesterday there's heavy selling BB absorb all. They will unload at higher price
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uiop1223 Supreme	24-Apr-2020 06:03        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go ask ah gong mah. Why ask the puppet. Maybe can ask the Expert also. Joelton      ( Date: 22-Apr-2020 09:38) Posted: Sias raises questions about Singapore Airlines' cash call, ahead of EGM TUE, APR 21, 2020 - 2:50 PM THE Securities Investors Association (Singapore) or Sias has drafted a series of questions for Singapore Airlines (SIA) to address and publish before the national carrier' s  April 30 extraordinary general meeting  (EGM) on its proposed S$15 billion debt and equity capital raising. The airline last month  announced the massive cash call  to tide it over the coronavirus pandemic that has decimated global air travel. One part of it is a proposed S$8.8 billion renounceable rights issue, comprising a three-for-two issue of up to 1.78 billion shares to raise S$5.3 billion and an offering of up to S$3.5 billion in 10-year mandatory convertible bonds (MCBs). The other component is an additional issue of up to S$6.2 billion in additional MCBs to be offered to shareholders via one or more rights issues down the line. For the S$8.8 billion rights issue,  Sias  president and CEO David Gerald asked why a large portion of it - 38 per cent or S$3.3 billion - will be used for capital expenditure purposes. In a letter addressed to SIA chief executive officer (CEO) Goh Choon Phong on Tuesday,  Mr Gerald also  requested that the company explain why it is raising such a large amount in its cash call. As for the rights issue price of S$3 per share, Sias asked how this figure was determined, and whether the discount -  of about 53.8 per cent to March 25' s closing price of S$6.50 - is in line with market levels. Sias also questioned why the carrier chose to raise cash from shareholders, and whether it has explored other means such as taking out loans from banks. Some of his other questions involve the rationale behind the MCBs' conversion price of S$4.84, the differences in yield depending on when the MCBs are redeemed, the conduct of the EGM to ensure it is accessible to all shareholders and how the airline plans to improve its operational performance to shore up its stock price in light of the Covid-19 crisis. The investor advocacy group' s list of questions are: - Why is SIA raising such a large amount? How did you determine this amount? -  The rights issue may have a significant dilutive impact on some retail shareholders who do not have sufficient cash to subscribe for the rights. Why is SIA choosing to raise cash via shareholders, instead of from other debt? Have you explored other means? - SIA  stated that the rights issue was meant " to strengthen the company' s balance sheet and liquidity position" and " to meet its ongoing financial commitments" . However, a significant portion of the funds raised is for capital expenditure (capex). Why is there such a large percentage committed to capex? 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 the substantial impact on share dilution and share price? -  How was the rights issue price of S$3 per share determined? Is the discount in line with the market? -  Why did the company propose to issue the MCBs, in addition to the shares? Why are there rights MCBs as well as additional MCBs? How do their terms differ from each other? -    The MCBs' conversion price of S$4.84 at maturity is at a 10 per cent premium to the theoretical ex-rights price of S$4.40. Investors will get fewer shares after conversion, with this premium, compared to if the conversion price were lower. What is the rationale for setting a premium and how was the 10 per cent derived? -  If SIA redeems the MCBs within the first four years, the yield to call will be 4 per cent per annum, compounded on a semi-annual basis. If the bonds are redeemed within years five to seven, the yield to call is 5 per cent if they are redeemed within years eight to ten, yield to call will be 6 per cent. If held to maturity, the implied yield is 6 per cent per annum compounded semi-annually. The yield to call of 4 per cent and 5 per cent appear to be far lower than the implied yield of 6 per cent if held to maturity. What are the reasons for the differences in yield? -  Net gearing was calculated to be -0.23 if all the rights MCBs are converted, and -0.40 if all rights MCBs and additional MCBs are converted. This is arguably too conservative and comes at the expense of lower share prices. Will Singapore Airlines consider reducing the size of the rights issue and take out some debt instead to make up the shortfall? - Some retail shareholders may not be familiar with how MCBs work. Can SIA share any relevant data points or comparables with the market, or provide an illustrations of how the bonds will work, to allow shareholders to make an informed decision? - Earnings per share (EPS)  is expected to drop from 57.7 Singapore cents to 23.1 cents after the rights issue but before conversion of all rights MCBs EPS will fall to 16 cents assuming the conversion of all rights MCBs. This significant drop in EPS will likely generate significant downward pressure on the share price. Given the ongoing pandemic and overall uncertainty in the business environment, how does the airline intend to beef up its operational performance? - SIA will be conducting its  EGM on April 30 via a live webcast. However, some shareholders might be unfamiliar with accessing a meeting through electronic means. What is the company doing to ensure that the EGM remains accessible to all its shareholders? - Given  Temasek&rsquo s irrevocable undertaking to vote in favour of the cash call at the EGM, how will SIA ensure that the EGM procedure is fair to minority shareholders and that their concerns are addressed before they cast their votes? - What is SIA' s assessment of the outlook for the aviation industry, given the Covid-19 situation? Both the rights issue and the additional issue will be tabled for shareholders' approval at the EGM, which will be conducted by the airline group' s chairman Peter Seah and CEO Mr Goh. The carrier' s shares were trading at S$6.05 as at 2.47pm on Tuesday, down S$0.18 or 2.9 per cent.  https://www.businesstimes.com.sg/companies-markets/sias-raises-questions-about-singapore-airlines-cash-call-ahead-of-egm
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incirent Senior	24-Apr-2020 02:12        incirent About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you need the exact figure in relation to the hedge, don' t be lazy, do some homework yourself. There is no free lunch in this world.
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trademaster Supreme	23-Apr-2020 09:31        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will be back to 650 before rights issue
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trademaster Supreme	22-Apr-2020 12:56        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheap oil should be gd for sia and economy. With rights issue, looks like supported. Observers      ( Date: 22-Apr-2020 08:17) Posted: I only scare for SIA  if Saudi goes full retard and redirect all their oil to Asia because of Trumps threat of US sanctions and tariffs. Will Brent be performing a negative futures pricing like WTI' s -37/barrel? How is the oil storage situation in Asia looking like? Global crude storage capacity I believe is at 6.8bil barrels and 60% utilized as of now. As with most decentralized systems, its very hard to go to 100% utilization, hit 80% probably means systemically stressed already, cheap/volumetric storage all fully filled. incirent      ( Date: 22-Apr-2020 01:01) Posted: The latest quote for June 20th Brent is US$19.38 vs SIA hedge of US$70. At present, SIA is not flying therefore it will have to source for buyer/s for its hedges. Year 2020 will be a lost year for SIA. What then will be the financial loss for 2020? Only Allah can tell. God Bless SIA
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mrwise Supreme	22-Apr-2020 12:47        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Worst case may drop below $3.. Beware!
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lighter87 Master	22-Apr-2020 12:29        lighter87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB supporting the price, I believe they will push back to 6 dollars plus before EGM. Plus yesterday there's heavy selling BB absorb all. They will unload at higher price
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mrwise Supreme	22-Apr-2020 12:28        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Dropping like crazy.....My target price at $4..
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lighter87 Master	22-Apr-2020 10:06        lighter87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sia has 20 percent stake in virgin Australia which file chapter 11 yesterday
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Joelton Supreme	22-Apr-2020 09:38        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sias raises questions about Singapore Airlines' cash call, ahead of EGM TUE, APR 21, 2020 - 2:50 PM THE Securities Investors Association (Singapore) or Sias has drafted a series of questions for Singapore Airlines (SIA) to address and publish before the national carrier' s  April 30 extraordinary general meeting  (EGM) on its proposed S$15 billion debt and equity capital raising. The airline last month  announced the massive cash call  to tide it over the coronavirus pandemic that has decimated global air travel. One part of it is a proposed S$8.8 billion renounceable rights issue, comprising a three-for-two issue of up to 1.78 billion shares to raise S$5.3 billion and an offering of up to S$3.5 billion in 10-year mandatory convertible bonds (MCBs). The other component is an additional issue of up to S$6.2 billion in additional MCBs to be offered to shareholders via one or more rights issues down the line. For the S$8.8 billion rights issue,  Sias  president and CEO David Gerald asked why a large portion of it - 38 per cent or S$3.3 billion - will be used for capital expenditure purposes. In a letter addressed to SIA chief executive officer (CEO) Goh Choon Phong on Tuesday,  Mr Gerald also  requested that the company explain why it is raising such a large amount in its cash call. As for the rights issue price of S$3 per share, Sias asked how this figure was determined, and whether the discount -  of about 53.8 per cent to March 25' s closing price of S$6.50 - is in line with market levels. Sias also questioned why the carrier chose to raise cash from shareholders, and whether it has explored other means such as taking out loans from banks. Some of his other questions involve the rationale behind the MCBs' conversion price of S$4.84, the differences in yield depending on when the MCBs are redeemed, the conduct of the EGM to ensure it is accessible to all shareholders and how the airline plans to improve its operational performance to shore up its stock price in light of the Covid-19 crisis. The investor advocacy group' s list of questions are: - Why is SIA raising such a large amount? How did you determine this amount? -  The rights issue may have a significant dilutive impact on some retail shareholders who do not have sufficient cash to subscribe for the rights. Why is SIA choosing to raise cash via shareholders, instead of from other debt? Have you explored other means? - SIA  stated that the rights issue was meant " to strengthen the company' s balance sheet and liquidity position" and " to meet its ongoing financial commitments" . However, a significant portion of the funds raised is for capital expenditure (capex). Why is there such a large percentage committed to capex? 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 the substantial impact on share dilution and share price? -  How was the rights issue price of S$3 per share determined? Is the discount in line with the market? -  Why did the company propose to issue the MCBs, in addition to the shares? Why are there rights MCBs as well as additional MCBs? How do their terms differ from each other? -    The MCBs' conversion price of S$4.84 at maturity is at a 10 per cent premium to the theoretical ex-rights price of S$4.40. Investors will get fewer shares after conversion, with this premium, compared to if the conversion price were lower. What is the rationale for setting a premium and how was the 10 per cent derived? -  If SIA redeems the MCBs within the first four years, the yield to call will be 4 per cent per annum, compounded on a semi-annual basis. If the bonds are redeemed within years five to seven, the yield to call is 5 per cent if they are redeemed within years eight to ten, yield to call will be 6 per cent. If held to maturity, the implied yield is 6 per cent per annum compounded semi-annually. The yield to call of 4 per cent and 5 per cent appear to be far lower than the implied yield of 6 per cent if held to maturity. What are the reasons for the differences in yield? -  Net gearing was calculated to be -0.23 if all the rights MCBs are converted, and -0.40 if all rights MCBs and additional MCBs are converted. This is arguably too conservative and comes at the expense of lower share prices. Will Singapore Airlines consider reducing the size of the rights issue and take out some debt instead to make up the shortfall? - Some retail shareholders may not be familiar with how MCBs work. Can SIA share any relevant data points or comparables with the market, or provide an illustrations of how the bonds will work, to allow shareholders to make an informed decision? - Earnings per share (EPS)  is expected to drop from 57.7 Singapore cents to 23.1 cents after the rights issue but before conversion of all rights MCBs EPS will fall to 16 cents assuming the conversion of all rights MCBs. This significant drop in EPS will likely generate significant downward pressure on the share price. Given the ongoing pandemic and overall uncertainty in the business environment, how does the airline intend to beef up its operational performance? - SIA will be conducting its  EGM on April 30 via a live webcast. However, some shareholders might be unfamiliar with accessing a meeting through electronic means. What is the company doing to ensure that the EGM remains accessible to all its shareholders? - Given  Temasek&rsquo s irrevocable undertaking to vote in favour of the cash call at the EGM, how will SIA ensure that the EGM procedure is fair to minority shareholders and that their concerns are addressed before they cast their votes? - What is SIA' s assessment of the outlook for the aviation industry, given the Covid-19 situation? Both the rights issue and the additional issue will be tabled for shareholders' approval at the EGM, which will be conducted by the airline group' s chairman Peter Seah and CEO Mr Goh. The carrier' s shares were trading at S$6.05 as at 2.47pm on Tuesday, down S$0.18 or 2.9 per cent.  https://www.businesstimes.com.sg/companies-markets/sias-raises-questions-about-singapore-airlines-cash-call-ahead-of-egm
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Observers Elite	22-Apr-2020 08:17        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	I only scare for SIA  if Saudi goes full retard and redirect all their oil to Asia because of Trumps threat of US sanctions and tariffs. Will Brent be performing a negative futures pricing like WTI' s -37/barrel? How is the oil storage situation in Asia looking like? Global crude storage capacity I believe is at 6.8bil barrels and 60% utilized as of now. As with most decentralized systems, its very hard to go to 100% utilization, hit 80% probably means systemically stressed already, cheap/volumetric storage all fully filled. incirent      ( Date: 22-Apr-2020 01:01) Posted: The latest quote for June 20th Brent is US$19.38 vs SIA hedge of US$70. At present, SIA is not flying therefore it will have to source for buyer/s for its hedges. Year 2020 will be a lost year for SIA. What then will be the financial loss for 2020? Only Allah can tell. God Bless SIA
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AhLiang Elite	22-Apr-2020 05:50        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forgive the mad bull hahahahaha!
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uiop1223 Supreme	22-Apr-2020 01:18        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont just listen to the news... u sound like Trump. Anyway, fyi: 1) 51% of fuel requirement for FY21 at $74/bbl on jet fuel and further 22% at $58/bbl on brent 2) SIA also hedged 59% of fuel requirements for next 4 yrs cheongweevictor      ( Date: 22-Apr-2020 01:04) Posted: it is better to know how much they hedge,, dont just listen to news,, did they mention how big and how much they hedge??? get the fact right??? dont vest base on news,,, do homework,, got AGM ask the CEO ... not vested,, incirent      ( Date: 22-Apr-2020 01:01) Posted: The latest quote for June 20th Brent is US$19.38 vs SIA hedge of US$70. At present, SIA is not flying therefore it will have to source for buyer/s for its hedges. Year 2020 will be a lost year for SIA. What then will be the financial loss for 2020? Only Allah can tell. God Bless SIA
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cheongweevictor Supreme	22-Apr-2020 01:04        cheongweevictor About Contact  Quote this Post!
x 0   x 0  Alert Admin	it is better to know how much they hedge,, dont just listen to news,, did they mention how big and how much they hedge??? get the fact right??? dont vest base on news,,, do homework,, got AGM ask the CEO ... not vested,, incirent      ( Date: 22-Apr-2020 01:01) Posted: The latest quote for June 20th Brent is US$19.38 vs SIA hedge of US$70. At present, SIA is not flying therefore it will have to source for buyer/s for its hedges. Year 2020 will be a lost year for SIA. What then will be the financial loss for 2020? Only Allah can tell. God Bless SIA
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incirent Senior	22-Apr-2020 01:01        incirent About Contact  Quote this Post!
x 0   x 0  Alert Admin	The latest quote for June 20th Brent is US$19.38 vs SIA hedge of US$70. At present, SIA is not flying therefore it will have to source for buyer/s for its hedges. Year 2020 will be a lost year for SIA. What then will be the financial loss for 2020? Only Allah can tell. God Bless SIA
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incirent Senior	22-Apr-2020 00:30        incirent About Contact  Quote this Post!
x 0   x 0  Alert Admin	WTI is qouted as US$5 @12 noon April 21 US time. Brent usually is about a few $ above WTI. If I am not mistaken, the hedge made by SIA is above US$70. God Bless SIA
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stocknewbie Member	21-Apr-2020 15:32        stocknewbie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all Sorry like to consult you guys on how do I actually subscribe to the rights? After the ex-rights, it will be available on ATM and online banking to apply say for a period of 1-2 weeks? Also the bank is the one linked to ur CDP? Thanks
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