Post Reply
11261-11280 of 11712
Thanks for summarising.
If they redeem it halfway, then all the yields will be in between those figures too.
And I believe after 10 years, it will be on the upper half of the range. Unlikely that it will be halved from now.
If they redeem it halfway, then all the yields will be in between those figures too.
And I believe after 10 years, it will be on the upper half of the range. Unlikely that it will be halved from now.
marketuncle ( Date: 20-Jun-2020 10:37) Posted:
|
How to value MCBs? As the MCBs trade below the dollar, do they become more attractive?
After the last rights issue, there were 150 new shares and 295 MCBs issued for every existing 100 shares, bring the total to 250 shares and 295 MCBs yet to be converted to shares. So long as SIA redeem the MCB within 10 years, each provides a compounded annual yield of 6%. However, if the MCBs are not redeemed, every 100 will be converted at the principal value of $180.611 to 37.3 SIA shares priced at $4.84 each (10% premium to post rights TERP).
Let&rsquo s consider two extreme scenarios on the MCB conversion:
1. SIA shares plunged by 50% to $2.42 by 2030.
So the MCB conversion will technically pull up the share price to $3.73, i.e. (250 x $2.42 + 295 x $4.84)/(250 + 295) = $3.73. Every $100 invested in MCB at $1 now will result in $139.13, i.e. 37.3 x $3.73. Giving a compounded annual yield of just 3.4%, nearly half the reported annual yield of the MCB.
2. SIA shares doubled to $9.68 by 2030.
So the MCB conversion will technically pull down the share price to $7.06, i.e. (250 x $9.68 + 295 x $4.84)/(250 + 295) = $7.06. Every $100 invested in MCB at $1 now will result in $263.34, i.e. 37.3 x $7.06. Giving a compounded annual yield of 10.17%.
Thus, the real annual yield of the MCB if not redeemed, will depend very much on the share price of SIA shares then. The likely scenario 10 years on will probably be somewhere in between and the lower the current MCB trades below the dollar, the more attractive the compounded annual yield. For example, the MCBs last traded at 94.5 cts, implying a compounded annual yield of 3.9% even if the worse scenario as mentioned above occurs. To retain the original 6% annual yield even if this happens, the MCB will have to trade around 75 cents.
In short, the MCB' s current ROI is about 3.9% to 10+%. It will be range, rather than a fixed number.
After the last rights issue, there were 150 new shares and 295 MCBs issued for every existing 100 shares, bring the total to 250 shares and 295 MCBs yet to be converted to shares. So long as SIA redeem the MCB within 10 years, each provides a compounded annual yield of 6%. However, if the MCBs are not redeemed, every 100 will be converted at the principal value of $180.611 to 37.3 SIA shares priced at $4.84 each (10% premium to post rights TERP).
Let&rsquo s consider two extreme scenarios on the MCB conversion:
1. SIA shares plunged by 50% to $2.42 by 2030.
So the MCB conversion will technically pull up the share price to $3.73, i.e. (250 x $2.42 + 295 x $4.84)/(250 + 295) = $3.73. Every $100 invested in MCB at $1 now will result in $139.13, i.e. 37.3 x $3.73. Giving a compounded annual yield of just 3.4%, nearly half the reported annual yield of the MCB.
2. SIA shares doubled to $9.68 by 2030.
So the MCB conversion will technically pull down the share price to $7.06, i.e. (250 x $9.68 + 295 x $4.84)/(250 + 295) = $7.06. Every $100 invested in MCB at $1 now will result in $263.34, i.e. 37.3 x $7.06. Giving a compounded annual yield of 10.17%.
Thus, the real annual yield of the MCB if not redeemed, will depend very much on the share price of SIA shares then. The likely scenario 10 years on will probably be somewhere in between and the lower the current MCB trades below the dollar, the more attractive the compounded annual yield. For example, the MCBs last traded at 94.5 cts, implying a compounded annual yield of 3.9% even if the worse scenario as mentioned above occurs. To retain the original 6% annual yield even if this happens, the MCB will have to trade around 75 cents.
In short, the MCB' s current ROI is about 3.9% to 10+%. It will be range, rather than a fixed number.
Monday another down day?
Trade with ? and DYODD
Trade with ? and DYODD
agree.. since now quite ubiquitous to see " dumb money" in the market and " risk investors" -- Millenials trade differently -- they got more access to data, and they make more informed decisions (i think)
Due_Dilligence ( Date: 19-Jun-2020 22:15) Posted:
|
sentiment for direction + future outlook for perceived fair value .. my take. since sentiment is a hot topic here 
Trader130 ( Date: 19-Jun-2020 21:26) Posted:
|
We need to be equip with beside FA and TA, we need to be equip with knowledge on SA. Sentimental Analysis
Trader130 ( Date: 19-Jun-2020 21:26) Posted:
|
haha...give u a tip...if u die die want 4.00 then during pre close key in higher than 4.00 so u pao dapat wan...
investor999 ( Date: 19-Jun-2020 21:57) Posted:
|
Check the trading platform for bid/ask.. can see volume there
Ljxxxx ( Date: 19-Jun-2020 12:50) Posted:
|
Let us Guess Monday opening 😂
Trade with Sentiment 🚀
Trade with Sentiment 🚀
This will apply to other bonds .... but not to SIA.
If upon maturity, the SIA share pricess is way less than $2.67 (technical conversion price), the bond price will drop too ..... as the bond will be converted to shares at this technical price....
If upon maturity, the SIA share pricess is way less than $2.67 (technical conversion price), the bond price will drop too ..... as the bond will be converted to shares at this technical price....
uiop1223 ( Date: 19-Jun-2020 11:01) Posted:
|
This is exchanging..Forced to sell then queue lower..So numbers get bigger
next week < 4...
yes market depth..You need this to know the buyers and sellers
On your trading platform you can check the Market Depth for the stock.
Now it is 997k vol bid at 4.01 and
3 mil vol bid at 4.
Now it is 997k vol bid at 4.01 and
3 mil vol bid at 4.
Ljxxxx ( Date: 19-Jun-2020 12:50) Posted:
|
| Bid | Bid Vol(K) | Ask | Ask Vol(K) |
| 4.010 | 997.4 | 4.020 | 163.5 |
| 4.000 | 3,040 | 4.030 | 137.4 |
| 3.990 | 1,019.7 | 4.040 | 94.5 |
| 3.980 | 1,116.3 | 4.050 | 85.8 |
| 3.970 | 410.2 | 4.060 | 33.9 |
| 3.960 | 442.1 | 4.070 | 66.8 |
| 3.950 | 439.8 | 4.080 | 101.6 |
| 3.940 | 61.1 | 4.090 | 119.7 |
| 3.930 | 33.6 | 4.100 | 181.9 |
| 3.920 | 43.4 | 4.110 | 65.8 |
| 3.910 | 49.5 | 4.120 | 82.1 |
| 3.900 | 818.7 | 4.130 | 75.5 |
| 3.890 | 19 | 4.140 | 47.8 |
| 3.880 | 137.8 | 4.150 | 120.2 |
| 3.870 | 11.7 | 4.160 | 56.7 |
| 3.860 | 24.6 | 4.170 | 21.4 |
| 3.850 | 98.6 | 4.180 | 55.6 |
| 3.840 | 9.8 | 4.190 | 45.3 |
| 3.830 | 29.7 | 4.200 | 178.7 |
| 3.820 | 31.7 | 4.210 | 68.6 |
$4 q is now 3 millions
Ljxxxx ( Date: 19-Jun-2020 12:50) Posted:
|
Where do you get the information from? Can give me the link?
hobbes12 ( Date: 19-Jun-2020 11:06) Posted:
|
Does anyone have information on planned flights in Aug and aircraft utilisation rate 50% 45%.? When vaccine is 100% available my guess is load will return to 75% Main reason is almost all companies still in recovery mode and hence cash tight
I don' t understand why UOB KH only start to annouce downgrade now. Or it is because I am just a poor laymen investor without access to privileged information until it is made public.
Everywhere I google, everyone is negative on airline shares. But I chose to put my investment in a safe company. I only looking at long term.
Everyday I see the trading, the market makers are always picking up the sold shares and place then two or more bids higher. So they always make the small profits in between.
As investor, I pledge my shares with broking houses to margin so that I won' t touch my FD' s and CPF. But they have the right to do anything to my pledge shares.
I did not know they changed from buy call to sell call. Now I am stucked as I have margin calls. If I sell my shares, the postion is closed, they do not owe me.
And now they tell me to take profit when the share price is so down. Isn' t this funny?
I found many youtube video on why I should sell my mother shares and buy the rights. Ok I get it. But why are they so good to tell me how to make money?
So today there is a big buy queue at $4.00. If you sell your shares, the buy will disappear as there no need to buy back. Position closed.
So why should I sell my shares.
Now I know why SGX previously showed institutions were the biggest sellers and investors were the biggest buyers of SIA shares.
I feel this is not correct!!
Everywhere I google, everyone is negative on airline shares. But I chose to put my investment in a safe company. I only looking at long term.
Everyday I see the trading, the market makers are always picking up the sold shares and place then two or more bids higher. So they always make the small profits in between.
As investor, I pledge my shares with broking houses to margin so that I won' t touch my FD' s and CPF. But they have the right to do anything to my pledge shares.
I did not know they changed from buy call to sell call. Now I am stucked as I have margin calls. If I sell my shares, the postion is closed, they do not owe me.
And now they tell me to take profit when the share price is so down. Isn' t this funny?
I found many youtube video on why I should sell my mother shares and buy the rights. Ok I get it. But why are they so good to tell me how to make money?
So today there is a big buy queue at $4.00. If you sell your shares, the buy will disappear as there no need to buy back. Position closed.
So why should I sell my shares.
Now I know why SGX previously showed institutions were the biggest sellers and investors were the biggest buyers of SIA shares.
I feel this is not correct!!
after they take profit first then they wait at 3.80