Singapore Airlines posts record $3.2 bln annual loss, to issue convertible bonds

[Windwaver]

How come nobody interested in this? 

https://www.reuters.com/business/aerospace-defense/singapore-airlines-posts-32-bln-annual-loss-issue-convertible-bonds-2021-05-19/

Singapore Airlines posts record $3.2 bln annual loss, to issue convertible bonds

Singapore Airlines Ltd (SIAL.SI) on Wednesday posted its second-consecutive annual loss, which widened to a record S$4.27 billion ($3.20 billion), and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.

[Throttle2]

Its like using a cardboard to cover yourself in a heavy down pour now.

issuing another paper is literally asking for another cardboard to cover.

can stay dry for how long?   
 

$6.2bil issue, goodness, thats one helluva big issue.  

unfortunately, more jobs simply have to go...  Or more cuts on salaries have to be made.  And please enough of that lousy hedging

 

[Wt_know]

the BILLION dollar question is how come share price keep going up?  

even by Jan 2022 ... SIA can fly and slowly return to pre-covid level

how many years to recover the cash that were burn? 🤷‍♂️

Edited May 20, 2021 by Wt_know

[Voodooman]

40 minutes ago, Throttle2 said:

Its like using a cardboard to cover yourself in a heavy down pour now.

issuing another paper is literally asking for another cardboard to cover.

can stay dry for how long?   
 

$6.2bil issue, goodness, thats one helluva big issue.  

unfortunately, more jobs simply have to go...  Or more cuts on salaries have to be made.  And please enough of that lousy hedging

 

It looks like air travel will take longer than expected to recover, at least in Asia, i am sure deeper cuts (headcount and salary) are being contemplated.  

[Volvobrick]

55 minutes ago, Throttle2 said:

Its like using a cardboard to cover yourself in a heavy down pour now.

issuing another paper is literally asking for another cardboard to cover.

can stay dry for how long?   
 

$6.2bil issue, goodness, thats one helluva big issue.  

unfortunately, more jobs simply have to go...  Or more cuts on salaries have to be made.  And please enough of that lousy hedging

 

Cardboard? I think it's more like a single sheet of newspaper! 

I have said before, the shares is not worth 2 bucks after all these dilutions, and that's assuming it returns to normal profitability. 

[Throttle2]

1 hour ago, Wt_know said:

the BILLION dollar question is how come share price keep going up?  

even by Jan 2022 ... SIA can fly and slowly return to pre-covid level

how many years to recover the cash that were burn? 🤷‍♂️

Thats why i dont touch SQ.  We have zero domestic flights to lean on.

[Throttle2]

34 minutes ago, Voodooman said:

It looks like air travel will take longer than expected to recover, at least in Asia, i am sure deeper cuts (headcount and salary) are being contemplated.  

Have to . Must.  No choice.  Start from the top, reduce salaries all round.  No bonus to speak off.  

[Beanoyip]

6 hours ago, Throttle2 said:

Its like using a cardboard to cover yourself in a heavy down pour now.

issuing another paper is literally asking for another cardboard to cover.

can stay dry for how long?   
 

$6.2bil issue, goodness, thats one helluva big issue.  

unfortunately, more jobs simply have to go...  Or more cuts on salaries have to be made.  And please enough of that lousy hedging

 

Forever? Because the cardboard got layers and layers of ceramic coating + PPF installed..

Edited May 20, 2021 by Beanoyip

[1fast1]

After Hyflux, if anyone touches this, they deserve to lose their shirt. 

I simply don't trust Singapore, Inc. anymore. Used to be that I trusted the ostensibly gahmen-backed (cronyistic but what the hey) business model of some companies, but I trust nothing now. 

Edited May 21, 2021 by Turboflat4

[Wt_know]

Edited May 21, 2021 by Wt_know

[inlinesix]

who want to be haunted by LKY?
No all in 

no talk 

[1fast1]

Just now, inlinesix said:

who want to be haunted by LKY?
No all in 

no talk 

Yes, buy buy buy!!!

Otherwise sue till pants drop and some hard truths start poking you...there.😁

[Throttle2]

3 hours ago, Beanoyip said:

Forever? Because the cardboard got layers and layers of ceramic coating + PPF installed..

Confirm the cardboard has no coating.  If have why they add another piece of cardboard now?  😬

[t0y0ta]

Ah Gong will save them... regardless.

I don't think they will be allowed to fail

So there is upside in buying their shares for long term.

[Windwaver]

[Volvobrick]

42 minutes ago, t0y0ta said:

Ah Gong will save them... regardless.

I don't think they will be allowed to fail

So there is upside in buying their shares for long term.

The company will not fail. Just that it won't be the same shareholders. Or not the same % anyway. 

[Beregond]

how much is their profit for the last 10 years. i guess 1 year est about 200m +- per year. where did those money go?

that is after the fat bonus and pay to the management and staff

is sia too big to fail and we gonna throw more public money in?

is sia a public or private company?

Edited May 21, 2021 by Beregond

[inlinesix]

1 minute ago, Beregond said:

how much is their profit for the last 10 years. i guess 1 year est about 200m +- per year. where did those money go?

that is after the fat bonus and pay to the management and staff

is sia too big to fail and we gonna throw more public money in?

is sia a public or private company?

At night, LKY look for you then you know.

Talk somemore