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SIA revived
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SembMarineLong
Veteran |
08-Jun-2021 20:21
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Long to enjoy
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investor999
Elite |
08-Jun-2021 20:20
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All of us have different cost when we buy shares.  You can do your own simple calcuations To buy MCB and keep for 9 years is not cheap.  The sum of money can be used for other purposes. It is also not worth to sell current share to take up MCB, as the same amount of money can be leverage 3.33 times using margin. However, MCB gives an opportunity for non shareholders, eg those who have sold at a loss at $6 + and vow never to buy even if $3, to buy back at lower price |
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investor999
Elite |
08-Jun-2021 20:14
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What is the true cost of owning SIA shares? 1) Before the pandemic Assuming an investor bought 2000 SIA shares at $10 long before the pandemic. The share price fell to $6.  He made a paper loss of $8000 He did not sell but took up the rights and held the shares till now His total share is now ( 2000 + 3000 new shares) = 5000 shares . The cost is reduced by the rights to ( 2000 x $10 + 3000 x $3 ) / 5 = $5.80 per share 2) He took up the full alotment of First MCB - 2000 / 100 x 295 = 5900 SIA MCB This cost him $5900 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) His total cost of shares is (2000 x $10) + (3000 x $3) + $23692.26 = $52,692.26 After the rights and MCB dilution, his cost of SIA shares is $52,692.26 / ( 5000 + 5866 ) = $4.849
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investor999
Elite |
08-Jun-2021 16:36
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May I ask have you sold all your SIA shares?
Did you open short position on SIA shares?
My position is very clear to you. I am long on SIA and added more shares
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Sparrow999
Senior |
08-Jun-2021 16:36
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I predict SATS share price will overtake SIA in a few months time  | ||||
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SembMarineLong
Veteran |
08-Jun-2021 16:23
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Dont worry, they are funded.  Long to enjoy
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Sparrow999
Senior |
08-Jun-2021 16:23
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I see SATS has better position than SIA now. Comparing both, SATS has better prospect than SIA in long term  | ||||
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Sparrow999
Senior |
08-Jun-2021 16:21
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Earnings cuts, on the other hand, were led by Singapore Airlines (SIA) and Genting Singapore. The cuts at City Developments Limited (CDL) and CapitaLand were likely driven by slower-than-expected recovery in the hospitality sector.
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Sparrow999
Senior |
08-Jun-2021 16:18
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DBS lifts STI year-end target by 4.5% to 3,325 sees recent share price correction as last chance to buyShould international borders be opened by the year-end, SATS, as well as hospitality REITs such as CDL Hospitality Trusts (CDLHT) and Far East Hospitality Trust (FEHT) will stand to benefit as well.https://www.theedgesingapore.com/capital/singapore-economy/dbs-lifts-sti-year-end-target-45-3325-sees-recent-share-price-correction |
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Eyxm86
Member |
08-Jun-2021 16:13
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investor999 and.sparrow 999 both 999 but so.extreme | ||||
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Sparrow999
Senior |
08-Jun-2021 16:12
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SIA gone case already so much debts how to clear? SATS looks more sexy now. No debts, cash flow no issue and total shares volume is low easier to push |
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SembMarineLong
Veteran |
08-Jun-2021 14:37
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Indeed, it' s gonna be a slow recovery but it will recover. Share price is rather stable this two weeks, Long to enjoy  
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investor999
Elite |
08-Jun-2021 14:07
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Don't be fooled to sell into strength and brag about it
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investor999
Elite |
08-Jun-2021 14:05
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Most people here have a short term view..Then there are those who bought cheap and worried their profits are gone..Therefore this uptrend is slow and gradual..
Many are sidelined waiting for less than 4.80
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SembMarineLong
Veteran |
08-Jun-2021 13:40
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Long to enjoy
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investor999
Elite |
08-Jun-2021 13:33
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My 4.87 done
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RL16EGG
Veteran |
08-Jun-2021 13:17
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await your calculation. meanwhile,  i do feel very difficult for sia to go down to 4.5 unless something ' dramatic' happens. averaging from 4.8 level makes sense.
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investor999
Elite |
08-Jun-2021 13:10
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It's not my view..Market is signalling support at 4.86 / 4.87
I will be doing a presentation of my calculation later.
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RL16EGG
Veteran |
08-Jun-2021 12:44
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investor999 Your view seem to be price is very unlikely to go to 4.5c. 4.8 range seems good ?
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SembMarineLong
Veteran |
08-Jun-2021 11:07
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Long to enjoy
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