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I am not surprised because by right I am not supposed to get any excess afterall I am not a SIA holder on record date. All my Rights bought via market transactions. However I just tried my luck. Therefore no regrets. Financial interest lost negligible.
TA_Expert ( Date: 08-Jun-2020 23:06) Posted:
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Those who are interested BUY/SELL WPOB will be listed today.
Bid Bid Vol(K) Ask Ask Vol(K)
4.270 0.2 4.320 14.1
4.250 3 4.330 2
4.240 80 4.350 64.2
4.220 106 4.360 2.5
4.210 132.5 4.370 23
4.200 125.3 4.380 32.3
4.190 94.5 4.390 47.5
4.180 69.3 4.400 90.1
4.170 49.9 4.410 128
4.160 133 4.420 51.1
4.150 77.9 4.430 50
4.140 13 4.440 36.2
4.130 7.3 4.450 64
4.120 5.5 4.460 45
4.110 7.8 4.470 25
4.100 95.3 4.480 74.6
4.080 71 4.490 63.2
4.070 3.1 4.500 203.4
Trade with market depth
4.270 0.2 4.320 14.1
4.250 3 4.330 2
4.240 80 4.350 64.2
4.220 106 4.360 2.5
4.210 132.5 4.370 23
4.200 125.3 4.380 32.3
4.190 94.5 4.390 47.5
4.180 69.3 4.400 90.1
4.170 49.9 4.410 128
4.160 133 4.420 51.1
4.150 77.9 4.430 50
4.140 13 4.440 36.2
4.130 7.3 4.450 64
4.120 5.5 4.460 45
4.110 7.8 4.470 25
4.100 95.3 4.480 74.6
4.080 71 4.490 63.2
4.070 3.1 4.500 203.4
Trade with market depth
how should the price of the mother shs looks like tmr
I am surprised that you didn' t any excess rights.
This shows that the demand is overwhelming. Looke at US airlines....... omg.
This shows that the demand is overwhelming. Looke at US airlines....... omg.
TheDuellist ( Date: 08-Jun-2020 22:09) Posted:
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Mine is via DBS (atm)
I guess SIA will stagger the refund with 3 days, today inclusive
I guess SIA will stagger the refund with 3 days, today inclusive
commando ( Date: 08-Jun-2020 22:24) Posted:
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Yet to see any refund.. I apply for 2 lots excess nia
TheDuellist ( Date: 08-Jun-2020 22:09) Posted:
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It' s in. Check your bank balances.
Within three business day from today
marketuncle ( Date: 08-Jun-2020 22:06) Posted:
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I just got my refund back. 100% haha....
ok, no regrets. At least I got the Rights cheaply from the market.
Tomorrow another long day......!
ok, no regrets. At least I got the Rights cheaply from the market.
Tomorrow another long day......!
Anyone got back the refund for unsuccessful excess application?
Something to consider when buying bonds.
Compared to stocks, you dont get dividends. But....
Already understood it is for Long-term. Presuming no early redemption, you will get $1.80 for every $1.00 you put in, not cash, but equivalent value in shares.
You can Sell your bonds anytime you wish. The longer you hold, the higher value you get. Eg: if you Sell on 9th Year, you could probably sell for $1.70 via market transactions.
Bonds are for investors. Those of us watching the market everyday would normally park your funds in shares, and not bother about bonds. But to each his own....really!
Compared to stocks, you dont get dividends. But....
Already understood it is for Long-term. Presuming no early redemption, you will get $1.80 for every $1.00 you put in, not cash, but equivalent value in shares.
You can Sell your bonds anytime you wish. The longer you hold, the higher value you get. Eg: if you Sell on 9th Year, you could probably sell for $1.70 via market transactions.
Bonds are for investors. Those of us watching the market everyday would normally park your funds in shares, and not bother about bonds. But to each his own....really!
Yes. Agree with you.
This is not zero risk like safe deposit. I already know there are 2 ways that principal is not safe and in my assessment the likelihood of it happening is very slim. So the upside is not bad.
What I wanted to explain to the earlier queries is that they have the impression that as the bond prices fall, the money is lost for good. It is not if you hold on to it till redemption or maturity and the two conditions stated do not happen.
This is not zero risk like safe deposit. I already know there are 2 ways that principal is not safe and in my assessment the likelihood of it happening is very slim. So the upside is not bad.
What I wanted to explain to the earlier queries is that they have the impression that as the bond prices fall, the money is lost for good. It is not if you hold on to it till redemption or maturity and the two conditions stated do not happen.
whenissued ( Date: 08-Jun-2020 18:22) Posted:
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For all non-government bonds, the principal is NOT SAFE. If the company backing the bond fails, the bond fails too, ie, all money is lost. If the government is corrupt, inept and continues to print money (increasing money supply) without proper economic justification, government bonds can also fail.
An example of a failed non-government bond is Hyfux Perpetuals and Olivia Lum-rubbish. I personally lost $5k. I do not expect any return, let alone the principal. Any money coming from this debacle (fat chance!) will be used to buy a McDonald' s Value Meal.
SIA MCBs are indirectly government-backed via Temasek. The government will not let SIA fail for the sake of national interest. These bonds are relatively safe. However, if (God forbid) in the next 10 years corruption sets in the government, then SIA MCBs will be as safe as any non-government bond, ie, not safe at all.
Given that the government will never let SIA fail, the Board of Directors and CEO will be under a very intense microscope in managing a sustainable recovery for the company. There likely will be a change in the Board of Directors and CEO in the near future, given that SIA did not perform well even before the Covid-19 pandemic set in. One area of SIA' s operations that will need a structural change would be the way it handles its purchases of aviation fuel. SIA could not unlock themselves from oil hedging positions when the bottom fell out on the price of oil. While the rest of the world enjoyed the oil producer paying people to take the oil off their hands, SIA was paying through their proverbial noses for their fuel. Kind of like what motorists in Singapore experiences when the price of oil drops drastically, the petrol stations slowly drop their prices by a few cents, but when the price of oil rises, the petrol station prices react with price revisions almost immediately.
Bottom line: SIA MCBs are unique bonds which are very safe. And given hat Temasek holds 95+% of the MCB float, shorting this bond is nothing short of suicide. But since this is Covid-19 period, there will be some who will try to beat the odds.
Just my less than one cent worth' s opinion...
Vested in shares and MCBs
An example of a failed non-government bond is Hyfux Perpetuals and Olivia Lum-rubbish. I personally lost $5k. I do not expect any return, let alone the principal. Any money coming from this debacle (fat chance!) will be used to buy a McDonald' s Value Meal.
SIA MCBs are indirectly government-backed via Temasek. The government will not let SIA fail for the sake of national interest. These bonds are relatively safe. However, if (God forbid) in the next 10 years corruption sets in the government, then SIA MCBs will be as safe as any non-government bond, ie, not safe at all.
Given that the government will never let SIA fail, the Board of Directors and CEO will be under a very intense microscope in managing a sustainable recovery for the company. There likely will be a change in the Board of Directors and CEO in the near future, given that SIA did not perform well even before the Covid-19 pandemic set in. One area of SIA' s operations that will need a structural change would be the way it handles its purchases of aviation fuel. SIA could not unlock themselves from oil hedging positions when the bottom fell out on the price of oil. While the rest of the world enjoyed the oil producer paying people to take the oil off their hands, SIA was paying through their proverbial noses for their fuel. Kind of like what motorists in Singapore experiences when the price of oil drops drastically, the petrol stations slowly drop their prices by a few cents, but when the price of oil rises, the petrol station prices react with price revisions almost immediately.
Bottom line: SIA MCBs are unique bonds which are very safe. And given hat Temasek holds 95+% of the MCB float, shorting this bond is nothing short of suicide. But since this is Covid-19 period, there will be some who will try to beat the odds.
Just my less than one cent worth' s opinion...
Vested in shares and MCBs
SQueeze ( Date: 08-Jun-2020 17:48) Posted:
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Bonds not as volatile as shares but u may still lose big just like hyflux bonds. The price of bond should mirror to a certain extend, share price of the company too. When a company is in distressed, value of bond also falls. Bond valuation also depends on market?s assessment of whether the company can fulfill its obligation to the bond, like payment of interest and redemption at maturity etc.
Chances are slim due to temasek backing at the moment but no one knows how in 10yrs time. Nothing is certain though i agree that SIA is very unlikely to go bankrupt.. but what if another virus hit in 10yrs time again?
Chances are slim due to temasek backing at the moment but no one knows how in 10yrs time. Nothing is certain though i agree that SIA is very unlikely to go bankrupt.. but what if another virus hit in 10yrs time again?
SQueeze ( Date: 08-Jun-2020 17:48) Posted:
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If you buy into it, don' t expect the bond prices to go up drastically or go down. It will be relatively flat. In low interest rates like now, it is likely to go up. But later on when bank deposit rates will eventually go up again, bond prices will trend down.
Don' t buy into it thinking it can trade like stocks with up and down 15-20% or more and earn from it as much. It' s not a stock.
Stick with mother shares if you are looking to enter and exit in short term time frames.
Don' t buy into it thinking it can trade like stocks with up and down 15-20% or more and earn from it as much. It' s not a stock.
Stick with mother shares if you are looking to enter and exit in short term time frames.
SQueeze ( Date: 08-Jun-2020 17:48) Posted:
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I think people are misunderstanding the MCB.
The MCB is a bond, not a stock. It has a principal amount and interest of 4% to 8% per year depending on how far it is from now (further means higher interest).
Unlike stocks, this principal is safe. They will pay you back this principal amount of $1 plus interests when they redeem it half way or when it matures, they will give you 180% (in the latter case, they will give it in shares).
Yes you can lose some money if you trade the bond at the market price, but you will not lose anything if you have the holding power till it redeems or it matures. The only time you lose money that time is when SIA goes bankrupt (very unlikely to happen) or if after 10 years, SIA shares trade less than $2.68 (also unlikely to me).
Don' t go into thseunless you know what bonds are. They are not stocks. They don' t need to be traded like stocks. It' s more like you are lending them money and then they will pay you back later plus some pretty good interest.
The MCB is a bond, not a stock. It has a principal amount and interest of 4% to 8% per year depending on how far it is from now (further means higher interest).
Unlike stocks, this principal is safe. They will pay you back this principal amount of $1 plus interests when they redeem it half way or when it matures, they will give you 180% (in the latter case, they will give it in shares).
Yes you can lose some money if you trade the bond at the market price, but you will not lose anything if you have the holding power till it redeems or it matures. The only time you lose money that time is when SIA goes bankrupt (very unlikely to happen) or if after 10 years, SIA shares trade less than $2.68 (also unlikely to me).
Don' t go into thseunless you know what bonds are. They are not stocks. They don' t need to be traded like stocks. It' s more like you are lending them money and then they will pay you back later plus some pretty good interest.
lingua101 ( Date: 08-Jun-2020 17:38) Posted:
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but the down side is only $1 right? am I missing something?
xtraderx ( Date: 08-Jun-2020 10:21) Posted:
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It is usually T+2. Money will be reflected in your Phillip Account. If you traded today (Monday), Wednesday in your Phillip Account. Then it will take 2 to3 working days after your request is approved for the money to be deposited into your own bank account.
Vested in shares and MCBs.
Vested in shares and MCBs.
CornFlakes ( Date: 08-Jun-2020 16:16) Posted:
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Tomorrow another day...
Where are we heading to?
Todays Low: 3.19 High: 3.29 Close: 3.29
Where are we heading to?
Todays Low: 3.19 High: 3.29 Close: 3.29