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SIA

Well it may be poetic to many others who have suffered the arrogance and pride of their SQ Pilot and Cabin Crew friends, who continually boast of their free air travels, 5 star hotel stays and free upgrades to Business Class during personal trips.  Its time for many of them to be brought down a notch or two and to eat humble pie.  And staff cuts and retrenchments and pay cuts are really quite the norm.  What more for an airline company that has virtually no passenger travel demand. Come on - do you need cabin crew for cargo flights???

simpleguy123      ( Date: 24-May-2020 15:05) Posted: Erh for pilots i don't know whether they are still paid. Perhaps no paid leave. But stewardess definitely won't be paid, perhaps they are under no paid leave. Their structure is more of a "pay as you fly" kind of deal, then again i may be wrong. Just because SIA does not announce retrenchments, does not mean they do not freeze or cut salaries of their cabin crews. Maybe the last thing SIA wants is to release such news to public because they feel it will hurt investor confidence in their rights exercise? Plus i heard they were dispatched as "ambassadors" for this covid-19 period. Goldfinger      ( Date: 24-May-2020 11:45) Posted: While I think the fund raising exercise is a good one for SIA for its survival and shareholders - I am quite apalled that they are still trying to buy new aircraft when demand is still invisible and not cutting staff and salaries deeply.  They are not doing enough at their end and letting shareholders bail them out. Meanwhile, SIA pilots and cabin crew continue to sit at home doing nothing.  Many other airlines are doing massive retrenchment exercises and holding off on aircraft purchases.  SIA should cut air crew, cut salaries and suspend benefits.  They have to show us they are doing something at their end.

 

This is serious. They could have mistaken it as hostile.


SIA investigating after pilot who flew into Bangladesh airspace couldn't give clearance number
A Singapore Airlines plane takes off from Changi International airport on May 9, 2012
File photo: A Singapore Airlines plane takes off from Changi Airport.
By Aqil Haziq Mahmud
25 May 2020 02:57PM
(Updated: 25 May 2020 03:00PM)




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SINGAPORE: Singapore Airlines (SIA) is investigating an incident where a pilot who flew into Bangladesh airspace was unable to provide a clearance number requested by air traffic controllers in charge of the area.

SQ326 was heading from Singapore to Frankurt when it transited Bangladesh airspace at 3.15pm Singapore time last Tuesday (May 19), SIA said on Monday in response to queries from CNA.

 

anything they do to cut cost is helpful to investors. anything they do find work for they staff is good for their employee.
nz and australia trying to form travel bubble. uk promoting within country tourism and looking are lifting travel between some european country. we have probably pass the worse time for air travel and tourism. can only get better from here. just hope it happen asap with safety measure.
 

simpleguy123      ( Date: 24-May-2020 15:05) Posted: Erh for pilots i don't know whether they are still paid. Perhaps no paid leave. But stewardess definitely won't be paid, perhaps they are under no paid leave. Their structure is more of a "pay as you fly" kind of deal, then again i may be wrong. Just because SIA does not announce retrenchments, does not mean they do not freeze or cut salaries of their cabin crews. Maybe the last thing SIA wants is to release such news to public because they feel it will hurt investor confidence in their rights exercise? Plus i heard they were dispatched as "ambassadors" for this covid-19 period. Goldfinger      ( Date: 24-May-2020 11:45) Posted: While I think the fund raising exercise is a good one for SIA for its survival and shareholders - I am quite apalled that they are still trying to buy new aircraft when demand is still invisible and not cutting staff and salaries deeply.  They are not doing enough at their end and letting shareholders bail them out. Meanwhile, SIA pilots and cabin crew continue to sit at home doing nothing.  Many other airlines are doing massive retrenchment exercises and holding off on aircraft purchases.  SIA should cut air crew, cut salaries and suspend benefits.  They have to show us they are doing something at their end.

 

8th Jun 2020

Decisive      ( Date: 24-May-2020 16:49) Posted: Anyone know when is the date for new XR shares trading?

 

Anyone know when is the date for new XR shares trading?

 

Nope. Cost cutting and restructuring is music to ears of investors. Starhub has so far done a pretty decent job (pun intended) for its restructuring and cost cutting measures. Streamlining processes and costs is always to benefit of shareholders.

simpleguy123      ( Date: 24-May-2020 15:05) Posted: Erh for pilots i don't know whether they are still paid. Perhaps no paid leave. But stewardess definitely won't be paid, perhaps they are under no paid leave. Their structure is more of a "pay as you fly" kind of deal, then again i may be wrong. Just because SIA does not announce retrenchments, does not mean they do not freeze or cut salaries of their cabin crews. Maybe the last thing SIA wants is to release such news to public because they feel it will hurt investor confidence in their rights exercise? Plus i heard they were dispatched as "ambassadors" for this covid-19 period. Goldfinger      ( Date: 24-May-2020 11:45) Posted: While I think the fund raising exercise is a good one for SIA for its survival and shareholders - I am quite apalled that they are still trying to buy new aircraft when demand is still invisible and not cutting staff and salaries deeply.  They are not doing enough at their end and letting shareholders bail them out. Meanwhile, SIA pilots and cabin crew continue to sit at home doing nothing.  Many other airlines are doing massive retrenchment exercises and holding off on aircraft purchases.  SIA should cut air crew, cut salaries and suspend benefits.  They have to show us they are doing something at their end.

 

Erh for pilots i don't know whether they are still paid. Perhaps no paid leave. But stewardess definitely won't be paid, perhaps they are under no paid leave. Their structure is more of a "pay as you fly" kind of deal, then again i may be wrong. Just because SIA does not announce retrenchments, does not mean they do not freeze or cut salaries of their cabin crews. Maybe the last thing SIA wants is to release such news to public because they feel it will hurt investor confidence in their rights exercise? Plus i heard they were dispatched as "ambassadors" for this covid-19 period.

Goldfinger      ( Date: 24-May-2020 11:45) Posted: While I think the fund raising exercise is a good one for SIA for its survival and shareholders - I am quite apalled that they are still trying to buy new aircraft when demand is still invisible and not cutting staff and salaries deeply.  They are not doing enough at their end and letting shareholders bail them out. Meanwhile, SIA pilots and cabin crew continue to sit at home doing nothing.  Many other airlines are doing massive retrenchment exercises and holding off on aircraft purchases.  SIA should cut air crew, cut salaries and suspend benefits.  They have to show us they are doing something at their end.

 

While I think the fund raising exercise is a good one for SIA for its survival and shareholders - I am quite apalled that they are still trying to buy new aircraft when demand is still invisible and not cutting staff and salaries deeply.  They are not doing enough at their end and letting shareholders bail them out. Meanwhile, SIA pilots and cabin crew continue to sit at home doing nothing. 
Many other airlines are doing massive retrenchment exercises and holding off on aircraft purchases.  SIA should cut air crew, cut salaries and suspend benefits.  They have to show us they are doing something at their end.

 

Cut loss and move on la

investshare      ( Date: 24-May-2020 10:16) Posted: If u worry share price drop below $3, you should sell your own share now above $3, and subscribe the same amount of share if your intention is to keep long term. abkt999      ( Date: 23-May-2020 18:00) Posted: Sorry i got a bit confused with all the rights/MCB issue procedures and how best to deal with it.But after your replies,i understand a bit more now.When i had been allocated the rights,i did not thought of selling it but to subscribe to the rights at $3 each and let the MCBs lapse.I had bought long time ago in 2011 at high price of $14+.I think no choice now but to subscribe to the rights to bring my unit cost down to $7+.Currently I have 4320 SIA shares in CDP. Last night was thinking what if the share price drop below $3 after 8Jun.Would it be better than to let my allocated rights lapse and than buy at below $3 price after 8Jun.But i understand it might also not go below $3 too.So was just seeking opinion here to get some more ideas.But after the replies here,i realised if i wanted to do this i should hv sold away my rights before 21May to get some money back first.That's what i was thinking.Thanks

 

If u worry share price drop below $3, you should sell your own share now above $3, and subscribe the same amount of share if your intention is to keep long term.

abkt999      ( Date: 23-May-2020 18:00) Posted: Sorry i got a bit confused with all the rights/MCB issue procedures and how best to deal with it.But after your replies,i understand a bit more now.When i had been allocated the rights,i did not thought of selling it but to subscribe to the rights at $3 each and let the MCBs lapse.I had bought long time ago in 2011 at high price of $14+.I think no choice now but to subscribe to the rights to bring my unit cost down to $7+.Currently I have 4320 SIA shares in CDP. Last night was thinking what if the share price drop below $3 after 8Jun.Would it be better than to let my allocated rights lapse and than buy at below $3 price after 8Jun.But i understand it might also not go below $3 too.So was just seeking opinion here to get some more ideas.But after the replies here,i realised if i wanted to do this i should hv sold away my rights before 21May to get some money back first.That's what i was thinking.Thanks. TheDuellist      ( Date: 23-May-2020 17:34) Posted: Pardon me if I do not understand your intentions. If you have decided not to exercise your Rights on 28 May, why didnt you sell them last week? And reason I tell you too early to decide is because, IN CASE price goes down to $3 or below, it makes no sense to exercise at all

 

Depends on BBs, whether they want the price to drop or not.

Decisive      ( Date: 23-May-2020 22:12) Posted: What will happen if shares got converted? Price per share will drop or increase?

 

What will happen if shares got converted? Price per share will drop or increase?

 

Welcome.

abkt999      ( Date: 23-May-2020 21:01) Posted: Thank you👍 😊 hobbes12      ( Date: 23-May-2020 20:05) Posted: I see from here since 2011. https://www.dividends.sg/view/C6

 

Thank you👍 😊

hobbes12      ( Date: 23-May-2020 20:05) Posted: I see from here since 2011. https://www.dividends.sg/view/C6L abkt999      ( Date: 23-May-2020 20:04) Posted: 😮 may i know how you calculate got 16K dividend?Really don't feel like got receive so much dividend.Thank

 

Thats a yield of only 2.6% and the divs doesnt compensate for capital loss.

abkt999      ( Date: 23-May-2020 20:04) Posted: 😮 may i know how you calculate got 16K dividend?Really don't feel like got receive so much dividend.Thanks hobbes12      ( Date: 23-May-2020 19:34) Posted: Actually by my calculation if you had bought 4320 shares@14 in 2011 you would have made +16k in dividends since then.  If now you convert your rights and could sell at the current share price of 3.62 you would be losing +16k. So you are actually breaking even after 9 years. It could be worse i guess.

 

I see from here since 2011.

https://www.dividends.sg/view/C6L

abkt999      ( Date: 23-May-2020 20:04) Posted: 😮 may i know how you calculate got 16K dividend?Really don't feel like got receive so much dividend.Thanks hobbes12      ( Date: 23-May-2020 19:34) Posted: Actually by my calculation if you had bought 4320 shares@14 in 2011 you would have made +16k in dividends since then.  If now you convert your rights and could sell at the current share price of 3.62 you would be losing +16k. So you are actually breaking even after 9 years. It could be worse i guess.

 

😮 may i know how you calculate got 16K dividend?Really don't feel like got receive so much dividend.Thanks

hobbes12      ( Date: 23-May-2020 19:34) Posted: Actually by my calculation if you had bought 4320 shares@14 in 2011 you would have made +16k in dividends since then.  If now you convert your rights and could sell at the current share price of 3.62 you would be losing +16k. So you are actually breaking even after 9 years. It could be worse i guess.

 

😊 thanks👍

TheDuellist      ( Date: 23-May-2020 19:04) Posted: I see..... yours is quite a sad case, and I hope I am not telling you to throw away good money after bad money. If I were you, with all due considerations, depending on the market up till 8 March, above $3.50 I will pay to exercise the Rights to convert to Rights Shares. If below $3.50, I would not convert and wait till 9 March and after to Buy direct from market. Remember, 9 March is the date that the Right Shares will be listed. That means the market will be flooded with SIA shares. Likely a Sell-down will happen.  Wish you better Luck next time round.   abkt999      ( Date: 23-May-2020 18:00) Posted: Sorry i got a bit confused with all the rights/MCB issue procedures and how best to deal with it.But after your replies,i understand a bit more now.When i had been allocated the rights,i did not thought of selling it but to subscribe to the rights at $3 each and let the MCBs lapse.I had bought long time ago in 2011 at high price of $14+.I think no choice now but to subscribe to the rights to bring my unit cost down to $7+.Currently I have 4320 SIA shares in CDP. Last night was thinking what if the share price drop below $3 after 8Jun.Would it be better than to let my allocated rights lapse and than buy at below $3 price after 8Jun.But i understand it might also not go below $3 too.So was just seeking opinion here to get some more ideas.But after the replies here,i realised if i wanted to do this i should hv sold away my rights before 21May to get some money back first.That's what i was thinking.Thanks

 

Yes. 28 May 9.30pm will be the cut-off at ATM (imagine queuing behind a slow loris..haha) of course those intend to do so, just give yourselves ample time.

Not sure what will be the SIA price before 9 June. But I gather should SELL (or short-sell) before the Rights Shares are listed on 9 June. Conversely, those who want to Buy cheap can do so on the 9 Jun onwards.

But the thing is, no one knows what will be SIA share price prior to 9 Jun. It could be $4 or it could be $3. It is a big difference for decision making.

Surin888      ( Date: 23-May-2020 19:27) Posted: Deadline to exercise the rights is May 28. Share price slumped more than 20% on May 6, that' s already factored in the dilution due to rights, not sure how much more downsides could be after new shares start trading on June 9.  This fundraising is successful for Sia, but shareholders totally lost confidence. If Sia needs another round of fundraising, no shareholders will support again. Simply pathetic😭 TheDuellist      ( Date: 23-May-2020 19:05) Posted: Apologies, I mean 9 June to be listed for SIA Rights Shares

 

Actually by my calculation if you had bought 4320 shares@14 in 2011 you would have made +16k in dividends since then. 
If now you convert your rights and could sell at the current share price of 3.62 you would be losing +16k.
So you are actually breaking even after 9 years.
It could be worse i guess.