SIA instead of topping up govt reserves paid themselves handsomely like investment bankers

[parchiao]

do you even know how much temasek profited from the convertible bonds buying at $3 $4 low, plus the bond yield plus the record dividends now?? doesn't it proved the correct decision?

don't spread falsehood, show us a source which details the subscription of the bonds by management as if the informaton is available publicly.

Get your facts right first.

Convertible bonds are not issued at $3 or $4. You don’t seem to know the difference between the bond price and the share price.

 

[Cmonster]

This shows you have zero understanding of cashflow.

So what if the share price goes up? Can Temasek sell off part of its holdings and get back the money in full? If it does that, Temasek will loose control of SIA. Temasek can only sell off anything in excess of 50.01%.

I understand more than you for sure

You want to shoot the government regardless of facts.


They took profit of some shares already

The rest they continue collecting the dividends

You trying to paint the Government decision to support SIA as a bad decision will never be successful to people who understand

So It is pointless responding to you

"Temasek sells 1.85% stake in Singapore Airlines, remains top investor
By Selena Li and Yantoultra Ngui
June 28, 2023"

https://www.reuters.com/business/aerospace-defense/temasek-sells-185-stake-singapore-airlines-remains-top-investor-2023-06-28/#:~:text=Temasek%20will%20continue%20to%20be,%2C%20according%20to%20Reuters'%20calculations.

 

[parchiao]

Bond redeemed one year ago liao. No more outstanding

Show me proof 2021 MCB fully redeemed.

 

[messidona]

Yet all the kumgong sinkies continue to swear by and fly sia. Isn't surprising coz sinkies are known to be kumgong

maybe sia safety record very good.

malaysia airlines cheaper but you dare to fly meh?

 

[Tony.Manero]

maybe sia safety record very good.

malaysia airlines cheaper but you dare to fly meh?

I fly to states recently with jal for half price.

 

[Arshavin2015]

Suddenly many Sia supporters here.
does that means GE is coming

 

[SBC]

Privatise the profits

Socialise the losses

Unacceptable to many MCB holders.

 

[Cmonster]

Show me proof 2021 MCB fully redeemed.

I never said it was fully redeemed. 50% redeemed last year. The rest supposed to be in next few years

But announced 50% balance on 15 May 2024

to redeem on 24 June 2024

 

[parchiao]

I understand more than you for sure

You want to shoot the government regardless of facts.

It is pointless responding to you

"Temasek sells 1.85% stake in Singapore Airlines, remains top investor
By Selena Li and Yantoultra Ngui
June 28, 2023"

https://www.reuters.com/business/aerospace-defense/temasek-sells-185-stake-singapore-airlines-remains-top-investor-2023-06-28/#:~:text=Temasek%20will%20continue%20to%20be,%2C%20according%20to%20Reuters'%20calculations.

Talking nonsense.

You still cannot show proof 2021 MCB has been fully redeemed.

And you still cannot explain how money used to purchase more SIA shares can be returned back into the reserves as cash, even though share price has doubled.

 

[parchiao]

I never said it was fully redeemed. 50% redeemed last year. The rest in next few years

When interest rates go down

You said no more outstanding. I quoted your post.

 

[Teyemittisi]

SIA fired so many people during covid. Even my malaysian friend had to go back malaysia work.

Let’s all go back to basics.. the fact that they pay so much bonus to remaining staff means bulk of the payout goes to management. And only management team hardly gets retrenched. During Covid, how much more overtime and extra efforts did these management team contribute to keep the company afloat? SIA should show the figures in absolute sum( how much went to the crew and ground staff and how much to management team? And should they not try to redeem alll outstanding loans first ?

 

[Cmonster]

Talking nonsense.

You still cannot show proof 2021 MCB has been fully redeemed.

And you still cannot explain how money used to purchase more SIA shares can be returned back into the reserves as cash, even though share price has doubled.

At 12.6% dividend yield annually, sell the shares for what?

You less risk free yield of 3 to 4%. Means they get extra 8% a year

In 12 years all the money they invested in SIA will be collected back. And they still own all the shares

If we use the full 12% , in 7 years all the money would be back and still own the shares

 

[messidona]

Let’s all go back to basics.. the fact that they pay so much bonus to remaining staff means bulk of the payout goes to management. And only management team hardly gets retrenched. During Covid, how much more overtime and extra efforts did these management team contribute to keep the company afloat? SIA should show the figures in absolute sum( how much went to the crew and ground staff and how much to management team? And should they not try to redeem alll outstanding loans first ?

those doing the dirty work like cabin crew received the least. no wonder service standard dropped. cabin crew served finished meal in less than 1 hour then switched off cabin lights for 9 hours. they don't bother to hand out snacks and must ownself go galley take. meal quality also drop. passenger next to me took one bite then never eat liao

now i go europe is take ME carriers liao. no more SQ.

 

[parchiao]

At 12.6% dividend yield annually, sell the shares for what?

Correct!

So don’t go around to saying fully paid up.

Still have balance in 2021 MCB not fully paid.

Still have many years to go before what was used to buy the shares can returned with cost.

Until the monies are fully returned, asking why not more money is returned to the reserves will always be valid.

 

[messidona]

Suddenly many Sia supporters here.
does that means GE is coming

Singapore Airlines KrisFlyer/PPS Club Frequent Flyers​

this facebook page has many sq fanboys. criticize the meal also kena ntuc points

 

[Perishable]

I try to support Singapore airlines but really their prices are getting ridiculous. Their business class is nearly double other airlines business class

 

[acit]

I see SIA as govt company...rather than SIA sold to foreign entity, gov decide to pump money to save face...easy job for top management now they know gov always behind their back...same like straits times...if u see hyflux not under gov care so now hyflux becomes defunct...so now u know where to invest and nv lose

 

[Justrade]

They should save for the rainy days instead of asking government for hand outs. The hand outs given to them is the biggest compare to others.

 

[parchiao]

At 12.6% dividend yield annually, sell the shares for what?

You less risk free yield of 3 to 4%. Means they get extra 8% a year

In 12 years all the money they invested in SIA will be collected back. And they still own all the shares

Edit after I had replied.

Could be more than 12 years if profits drop, could be less if they spin off some assets. Nobody knows.

As of today, SIA has not redeemed part of the MCB and has not returned a good part of what went to their shares.

So the end result is still the same. People are entitled with good and valid reason to ask why and when the money will be returned.

 

[VEF888]

Get your facts right first.

Convertible bonds are not issued at $3 or $4. You don’t seem to know the difference between the bond price and the share price.

Come on, that is based on the assumption that SIA doesn't redeem the MCBs at maturity bah.

In return for principal + agreed yield, MCBs holders will be given shares priced at $4.84, isn't that as good as buying shares at low $4+++???

not rocket sci bah.

Case 2: MCBs has not been redeem up till maturity​

Upon maturity, the rights MCBs will be converted to SIA ordinary shares at the price of $4.84 per share. No cash will be given. Assuming a principal amount of $1000:

• Final accreted principal amount = $1000 * (1 + 0.06/2) ^ 18 = $1697.97 (estimated)
• Number of ordinary shares converted = $1697.97/$4.84 = 350 shares (rounded down as fractional entitlements will be disregarded)