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SIA revived
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St.Maximus
Supreme |
20-Oct-2020 13:41
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Cannot fire them. They hedge the fuel cost risks. Neither can we pay them only 5 cents salary. | ||||
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SAVIORFOREVER
Supreme |
20-Oct-2020 13:10
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Wonder if the ppl in the fuel hedging losses already fired?
Trade with ? and DYODD
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SAVIORFOREVER
Supreme |
20-Oct-2020 13:01
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1 USD.
Trade with caution no contra no short and DYODD
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St.Maximus
Supreme |
20-Oct-2020 12:14
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You need to incentivise him still | ||||
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SAVIORFOREVER
Supreme |
20-Oct-2020 12:13
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Now a few million to SIA is very important. Don't waste it on CEO.
Trade with awareness and DYODD
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St.Maximus
Supreme |
20-Oct-2020 11:56
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Not billions lah. That is used to pay for new airplanes, buy aviation fuel, maintain existing fleet. CEO? A few million only lah... ...
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SAVIORFOREVER
Supreme |
20-Oct-2020 11:50
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CEO need to be paid also?
Trade with caution no contra no short and DYODD
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St.Maximus
Supreme |
20-Oct-2020 11:31
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' budget' class issue of shares.
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Ligaya
Master |
20-Oct-2020 11:29
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this are business class debts first class borrower economy class repayments
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uiop1223
Supreme |
20-Oct-2020 11:26
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Raise more debts is good 🥳 🥳 🥳 | ||||
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St.Maximus
Supreme |
20-Oct-2020 11:24
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As long as the banks are willing, SIA can definitely borrow more or they can issue new bonds/perpetuals/preference shares/private placements, etc. - many tools they can use to raise money.
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Thiamm
Veteran |
20-Oct-2020 11:22
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Can borrow more? ...... tot it did right issue and MCB cos already hit limits with creditors, no? |
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St.Maximus
Supreme |
20-Oct-2020 11:04
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Quite possible. They can then borrow more against their enlarged asset base. | ||||
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Octavia
Supreme |
20-Oct-2020 11:02
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Means SIA already used up 90% of its $8.8billion rights issue since May 2020.😱 | ||||
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Octavia
Supreme |
20-Oct-2020 10:59
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SIA to use $1.8 bil from rights issue proceeds for ticket refunds, ongoing operational expenses and debt service So far, the airline has utilised $6.2 billion between June and August 2020 since its rights issue. Singapore Airlines (SIA) says it will be using a further $1.8 billion out of the $8.8 billion raised in gross proceeds from its rights issue. Of the $1.8 billion, some $0.6 billion will fund its operating expenses, and another $0.5 billion will go towards the refund of tickets sold on flights which have been subsequently cancelled. A further $0.7 billion has been applied towards debt service. This includes the periodic interest payments for SIA&rsquo s unsecured and secured loans and repayment of funds previously drawn under certain lines of credit. So far, the airline has utilised $6.2 billion between June and August 2020 since its rights issue, including the one-time utilisation of $2.0 billion to repay the bridge loan from DBS and $1.3 billion for operating expenses during the period. Yahoo Finance The Edge Singapore SIA to use $1.8 bil from rights issue proceeds for ticket refunds, ongoing operational expenses and debt service Felicia Tan Mon, 19 October 2020, 9:48 am SGT· 2-min read So far, the airline has utilised $6.2 billion between June and August 2020 since its rights issue. Singapore Airlines (SIA) says it will be using a further $1.8 billion out of the $8.8 billion raised in gross proceeds from its rights issue. Of the $1.8 billion, some $0.6 billion will fund its operating expenses, and another $0.5 billion will go towards the refund of tickets sold on flights which have been subsequently cancelled. See: Does SIA need to make another cash call soon? A further $0.7 billion has been applied towards debt service. This includes the periodic interest payments for SIA&rsquo s unsecured and secured loans and repayment of funds previously drawn under certain lines of credit. So far, the airline has utilised $6.2 billion between June and August 2020 since its rights issue, including the one-time utilisation of $2.0 billion to repay the bridge loan from DBS and $1.3 billion for operating expenses during the period. See also: SIA to use $2.2 bil from rights issue proceeds to fund operating expenses, aircraft purchases, and debt service and SIA to use $2.2 bil from rights issue to repay bridge loan facility with DBS, fund operating expenses &ldquo Such use of proceeds is in accordance with the intended use of proceeds stated in the Offer Information Statement,&rdquo says the airline in an SGX filing dated Oct 19. According to SIA, the company has raised $2.1 billion via loans secured on its aircraft and a short-term unsecured loan. It also has some $1.9 billion of lines of credit available for drawing and up to $6.2 billion of mandatory convertible bonds to be issued. Since Covid-19 has halted flights, SIA has also found other initiatives including the conversion of two of its A-380 planes into a restaurant on Oct 24 and Oct 25, a tour of its training facilities, as well as the delivery of its meals from its first class and business menus. On Oct 12, seats on SIA&rsquo s A-380 lunches were sold out within 30 minutes after bookings opened. |
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St.Maximus
Supreme |
20-Oct-2020 09:22
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That was a good warning to close before xe. To close now after xe is more risky. But you can manage that risk.
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uiop1223
Supreme |
20-Oct-2020 09:19
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U think lor. Some users know my positions. Im not accountable to u. But i must say, seeing $9 collapse to $3+ is awesome.
If u check my posting, i closed my shorts before XE and not affected by the overvaluation of MCBs. I also warned over here to close before XE
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St.Maximus
Supreme |
20-Oct-2020 09:01
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I believe it is entirely plausible for four rounds of profit since Jan 2020. It is a very good result. But now is not Jan-Sep. It is almost end October. So, not so easy for short seller to profit these days.
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investor999
Elite |
20-Oct-2020 08:56
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I think you paper play only
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St.Maximus
Supreme |
20-Oct-2020 08:53
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Congrats!  , and then?  ???
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