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SIA
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SIA revived
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f16force
Senior |
10-Jun-2021 07:36
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Unlikely Singapore will agree to travel bubble in July as  South Korea is reporting about 600 new infections a day
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investor999
Elite |
10-Jun-2021 04:13
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I hope before the market closes on 10 June, the sell Q will disappear and a 0.001 buy Q remains.
This will be the only chance to sell.
Buying in is only for brokers
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Adrianinsing
Elite |
10-Jun-2021 03:56
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SIA has had too many failed BUBBLE PROMISES
None materialised - how do we know this S Korea will either ? |
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HappyLeeEating
Member |
10-Jun-2021 01:16
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Wow! Thank you so much for the detailed responses investor999! I can sleep better tonight.  So, the end of trading rights on ZJGR is tomorrow (10 June). After that, how do I sell to the buying in market?  |
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Eyxm86
Member |
10-Jun-2021 01:07
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may i know how the buying market works?
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investor999
Elite |
10-Jun-2021 00:37
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1) yes 1 million rights
2) Can apply less..ie you can just apply eg 1000 MCBs and let the other 999,000 rights expire
3) If you don't do anything, you just lose the money you pay for the rights ie $1000
4) try to Q again at 0.001 tomorrow which is last day to sell
5) I don't think you can get back the losses if the MCB rights expires.
BTW the expiry date of MCB rights is 16 June not tomorrow..Maybe there is a buying in market to sell your rights after tomorrow
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Eyxm86
Member |
10-Jun-2021 00:31
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put in another $1000. the 350 shares may worth $3000 to 4000 after 9 years
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HappyLeeEating
Member |
09-Jun-2021 23:17
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Hi all,  May I ask a few questions on ZJGR? 1. If I bought 1m at 0.001, I would have bought 1m rights? 2. I received some docs for the 1m rights. Do I have to apply all the rights? Or can I apply 100K out of the 1m rights?  3. If I don' t do anything for the 1m rights, would it automatically just lapse? It would just mean that I lost $1K for buying the 1m rights, right?  4. I have been queueing to sell ZJGR at 0.001 for a few days now, but unable to sell. Any insights?  5. Any way that I can reduce my losses, ie getting back some of the $1K?  Any help will be appreciated. Thank you! |
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investor999
Elite |
09-Jun-2021 21:08
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You calculate wrong.
1000 MCB 2021 will give you 1000 x 1.69797 = 1697 MCB 2021 on 8 June 2030. With this 1697 ÷ 4.84 you get 350 SIA shares. If SIA shares higher you make profits. Eg if SIA share is $7 then, you sell 350 shares you get $2450 - $1000 = $1450 for your $1000 investment over 9 years
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SembMarineLong
Veteran |
09-Jun-2021 20:52
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Analyst analyse based on fundamentals. This counter losing money monthly thats why they lower their TP but we all know it will fly high again once travelling resumes. More travel bubbles coming soon. Long to enjoy
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investor999
Elite |
09-Jun-2021 20:45
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When this wave of Covid 19 breaks, Banks were quick to seel to take profits. Analysts were expecting the travel restrictions will be prolonged and their target price of SIA were $3.50 and $4.40 The launch of second MCB came as a surpise to many of us, frankly shocking. My feeling was OMG I am going to lose so much. I regretted having bought so much more SIA shares all the way down to $4.43. The market rebound was a surpise. I was looking at SIA plunging to below $4 Then the analysts were saying this is bad. Huge dilution. But I wondered what has changed?  Why no one properly advise us ?  |
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investor999
Elite |
09-Jun-2021 20:12
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When I add in all the CPF interest, the cost goes up. So if you want to sell your shares, you should sell only above $5 If you can hold till your shares recover to $6 then you will not make losses. I am not sure whether it is worth to take up the second MCB |
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SembMarineLong
Veteran |
09-Jun-2021 20:11
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Long to enjoy
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investor999
Elite |
09-Jun-2021 20:09
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Dear Thiamm: I understand you want me to include the CPF cost for the shares as well in the computation. I also understand like many others, you believe the MCB is greatly diluting the share price since it works out to be $2.85 for current second MCB Tranche. Is this true? Let take the example of the investor who decided to sell all his shares at $5, having held the shares since before the rights issue, taking up the first MCB and now to decide whether to take up this second MCB.  What is the true cost of owning SIA shares? ( Part 2) Our investor bought 2000 SIA shares at $10 long before the pandemic in 2019 The accured interest for using the $20,000 from CPF from 2019 to 2020 is $808 He did not sell but took up the rights in 2020 His total share is now ( 2000 + 3000 new shares) = 5000 shares . The cost is reduced by the rights to ( $20,000 + $9000) / 5 = $5.80 per share ( without considering the interest ) 2) He took up the full alotment of First MCB - 2000 / 100 x 295 = 5900 SIA MCB This cost him $5900 The accured interest for using $29,000 + $5900 from his CPF from 2020 to 2021 is $1171.60 + $238.36. The total accured interest from 2019 to 2021 is $808 + $1171.60 + $238.36 = $2218.06 On 8 June 2030 his MCB will increase to 5900 x 1.80611 = 10656 SIA MCB He can convert to SIA shares. The number of shares he get is 10656 / 4.84 = 2201 shares 3) With his current 5000 SIA shares at hand, he is going to take up the full alotment of second MCB. He is entitled to 5000 / 100 x 209 = 10450 SIA MCB (2021) This cost him $10450 On 8 June 2030 his MCB will increase to 10450 x 1.69797 = 17743 SIA MCB ( 2021) He can convert to SIA shares and receive 17743 / 4.84 = 3665 shares 4) In total he will have 2201 + 3665 = 5866 new SIA shares on 8 June 2030 The apparent cost of these new shares is ( $5900 + $10450 ) / 5866 = $2.787 However if he had placed his money in CPF, instead of MCB, he would have gained compound interests. The compound binennial 4% for 10 years on $5900 will increase the anmount to $8767.09. The compound bennial 4% for 9 years on $10450 will increase the amount to $14925.17. The true total cost for his MCB is $8767.09 + $14925.17 = $23,692.26. The true cost of his new SIA shares is $23,692.26 / 5866 = $4.0389 5) He has an option to sell his 5000 SIA shares at $5 now and get back $25,000 By doing so he has realised and limited his losses. His losses from 2019 to 2021 are the difference of his cost $5.80 - $5 x 5000 = $4000 + accured interests ( $808 + $1171.60 + $238.36 = $2217.96 ) = $6217.96 6) He can return the $25,000 to his CPF and also use it to pay for the seond MCB. After deducting the $29000, $5900, $10450 for the cost of shares and MCB, he is using $20,350 from his CPF. The compund interest for 9 years in $8714.81 7) His total cost for his 5866 MCB in 9 years later is $29064.81 / 5866 = $4.954
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RL16EGG
Veteran |
09-Jun-2021 19:57
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Long ! 
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Starship
Supreme |
09-Jun-2021 17:57
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jesmarnew
Senior |
09-Jun-2021 17:19
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Once air bubble launched will go up $10 again....great way to fly!!! Buy with all CPF money....sure win share!!! Long term will go $15 with $1 dividend yearly!!! Must buy!!! Just got bond money distribute to all staff & CEO for belated bonuses.....waiting for $ from sale of planes!!! Many cash coming.....govt will give another $10B if needed!!!  | ||||
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SembMarineLong
Veteran |
09-Jun-2021 17:14
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They will know wat is long to enjoy once more travel bubbles is launched and travelling resumes. It isn' t about the company making profit or not anymore. Long to enjoy
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investor999
Elite |
09-Jun-2021 17:10
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I already advised forumers and tried very hard. Got scolded, got ridiculed.
好 心 给 人 打
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RL16EGG
Veteran |
09-Jun-2021 17:10
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ha well said and i fully agree. i buy SIA because of ah gong support and huge potential share price. forget about fundamentals.
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