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SIA revived
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Bic_cherry
Member |
25-Nov-2020 09:17
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What kind of accounting is this, suka suka assign status as equity and then do not accord any responsibility as promised?
SIA is supposed to respect the MCB sold hor.
MCB is NOT free money without liability or no strings attached/ free ang pow money. If any dividends are to be paid until redemption, these dividends have also to be reserved for the MCB holders as a discount from the $4.84 conversion price for MCB worth $1.81 each to be converted to SIA shares in 10 years.
Fact is that SIA has accepted the $3.5B as equity into its accounts but refused to acknowledge it's duty of care and liabilities to the rightful owner of the MCB equity stake (share).
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Sparrow999
Senior |
25-Nov-2020 09:17
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Oh ok, i am correct again and again?!
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Sparrow999
Senior |
25-Nov-2020 09:15
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Oh great, i am correct again
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abkt999
Member |
25-Nov-2020 09:13
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🚀 🚀 🚀 | ||||
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Isolator
Supreme |
25-Nov-2020 09:10
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Enjoying...... | ||||
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alleyboy
Veteran |
25-Nov-2020 09:09
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Yes. Yes. Should be way way ahead of SATS! | ||||
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zechariah22
Member |
25-Nov-2020 09:01
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New zealand will allow travel bubbles with the two big states in Australia when they have zero new cases for 28 days. i would think they will hv the same requirment for singapore. we are half way there. we should see travel bubbles with taiwan new zealand and australia soon.
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alleyboy
Veteran |
25-Nov-2020 08:51
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Yup! Only one way. UP up and away...
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Starship
Supreme |
25-Nov-2020 08:38
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WhereI
Master |
25-Nov-2020 08:27
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Wise investor probably has the best insight into this. Let me fire one shot to display my ignorance. MCBs are bonds and convert to equity only at some future time under a set of conditions. So MCBs cannot be accounted for now as equity. So it is right for SIA to disregard the future possible conversion into equity now in its calculations. No misleading if this MCB is accounted for in the balance sheets and properly   explained in the notes to financial statements. | ||||
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Starship
Supreme |
25-Nov-2020 08:25
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Bic_cherry
Member |
25-Nov-2020 08:15
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Did SIA mislead investors into thinking that their BVPS is 44% higher than it should be? SIA equity @30.9.2020= $15,251.5B If divide by 2.963B ordinary shares, BVPS= $5.147. If assume MCB are converted to shares (since in the calculation of SIA total equity value, MCB were classified as equity), then total shares= 4.267B, BVPS= $3.574/share. SIA should not have their cake and eat it as well,  misleading investors that their BVPS is $5.147 when this contradicts their own classification of MCB funds as equity,  right from the start of their accounting regime. I am just asking if it is acceptable for SIA to treat the MCB as an angpow (free gift), with no strings whatsoever attached, when presenting their BVPS. So that their BVPS is artificially inflated by 44%. [img]https://i.imgur.com/gnxktKx.jpg[/img] Form: [url]https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial-Results/News-Release/nr-q2fy2021.pdf[/url]
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Goldfinger
Supreme |
25-Nov-2020 07:20
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SIA is now sponsoring my family holiday trips end next year. Thank you and it?s going to go even higher. | ||||
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alleyboy
Veteran |
25-Nov-2020 07:18
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Its a small feat. Its acheivable. Dyodd
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SmallSmall
Supreme |
25-Nov-2020 05:19
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Enjoy the ride. Vaccine is the cure all. What more do you need? :) Will breach $4.80 today 
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TA_Expert
Supreme |
25-Nov-2020 04:38
Yells: "The World has changed" |
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See for yourself. Market is looking forward, not backward. The worst is over. https://www.iata.org/en/iata-repository/publications/economic-reports/airline-stocks-rally-in-anticipation-of-stronger-bookings/
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investor999
Elite |
25-Nov-2020 04:19
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My goodness!
I am totally wrong!
No more selling.
Its up and up.
I think we are going above $5 sooner than we thought
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TA_Expert
Supreme |
25-Nov-2020 03:12
Yells: "The World has changed" |
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This is the game changer. https://www.forbes.com/sites/roberthart/2020/11/24/qantas-becomes-first-airline-to-require-passengers-to-get-covid-19-vaccine-before-flying-internationally/?sh=5a0ac6fc3df2 If this is implemented world-wide, it will enrich the  pharmaceutical  companies. |
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mattohoh
Elite |
25-Nov-2020 02:43
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Hopefully tml we can see 4.70-4.90. Huat ah dyodd | ||||
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TA_Expert
Supreme |
24-Nov-2020 23:13
Yells: "The World has changed" |
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Global airline stocks soared! | ||||
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