13177 Supersonic March 24, 2020 Share March 24, 2020 1 hour ago, Throttle2 said: 3 bedroom 1055 sft ? Wow thats really quite cramp. i know becos for 1 yr, i rented a 1100sft 3 bedder condo while rebuilding my house. Family of 4 , 2 adults 2 children, cramp like hell. Maybe its the layout. Oh well 3 bedder for 1055 sqf, about 98 sqm, bigger than 4 room bto flat liao, where got consider cramp? Lol. ↡ Advertisement Link to post Share on other sites More sharing options...
13177 Supersonic March 24, 2020 Share March 24, 2020 2 hours ago, Wt_know said: in 2013 ah khaw said EC breaching $1M is something wrong ... bla bla bla but now expensive EC is creeping back and want to breach $2M liao ... huat ah! Words from them can believe meh? What they said can believe, pig also can fly. 1 Link to post Share on other sites More sharing options...
Windwaver Turbocharged March 24, 2020 Share March 24, 2020 2 hours ago, CremornePt said: United grounded 50% of their fleet & lost USD1.5b in 14 days. https://www.grunge.com/194678/how-much-money-are-airlines-losing-per-day-right-now/ With SIA grounding such a large fleet, I suspect SIA could be losing between USD50-100m a *day*. Think about that for a second. The airline is fighting for its life. If it wasn't for Temasek's 55% ownership backing its financials and the airline's absolutely vital strategic importance for us, it'd have been heading direct to bankruptcy... https://www.businesstimes.com.sg/companies-markets/bigger-salary-cuts-for-sias-management-compulsory-no-pay-leave-to-be-rolled-out According to an internal message to staff seen by The Business Times, chief executive Goh Choon Phong will now be taking a salary cut of 30 per cent from April 1, up from 15 per cent previously. Executive vice-presidents and senior vice-presidents will take cuts of 25 per cent and 20 per cent respectively. Meanwhile, SIA's board members are now taking a 30 per cent cut in fees in solidarity with senior management. And from May 1, salary cuts for divisional vice-presidents (DVPs) and VPs will go up to 12 per cent, while an earlier pay cut of five per cent for senior managers and managers is being brought forward by a month to April 1, before increasing to 10 per cent from May 1. Pocket deep deep and fat fat even after cuts , where got crisis? 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic March 24, 2020 Share March 24, 2020 (edited) ie $1M become $700K? Quote Meanwhile, SIA's board members are now taking a 30 per cent cut in fees in solidarity with senior management. Edited March 24, 2020 by Wt_know Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 24, 2020 Share March 24, 2020 1 hour ago, 13177 said: 3 bedder for 1055 sqf, about 98 sqm, bigger than 4 room bto flat liao, where got consider cramp? Lol. You don't need that much space to make love. 😁 3 Link to post Share on other sites More sharing options...
Wt_know Supersonic March 24, 2020 Share March 24, 2020 OK! Let’s get back to SIA if planes are grounded for 2 months presumably until end of May where travel start picking up in Jun will SIA bankrupt? 1 Link to post Share on other sites More sharing options...
13177 Supersonic March 24, 2020 Share March 24, 2020 8 minutes ago, Wt_know said: OK! Let’s get back to SIA if planes are grounded for 2 months presumably until end of May where travel start picking up in Jun will SIA bankrupt? I dont think SIA will bankrupt, no way they will allow this to happen. 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic March 24, 2020 Share March 24, 2020 11 minutes ago, Wt_know said: OK! Let’s get back to SIA if planes are grounded for 2 months presumably until end of May where travel start picking up in Jun will SIA bankrupt? Read they are talking to banks for a loan. If that fails, still have a big tap on top and if that fails again, will Ah Agong bail out SIA? US govt is looking at bailing out their airlines via grants, loans and or guarantees. SIA is national carrier and it is SG ambition to become a air hub. So my guess is it won't. The question is will a cash call / right issue result in massive dilution of minority shareholders? 1 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 24, 2020 Share March 24, 2020 1 hour ago, 13177 said: 3 bedder for 1055 sqf, about 98 sqm, bigger than 4 room bto flat liao, where got consider cramp? Lol. Well it was cramp for me & family lor Back to topic i dont see SQ toh but i see tough times for many people. Especially those who dont realise it as yet. 1 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic March 24, 2020 Share March 24, 2020 (edited) wah ... negative free cash flow .... Edited March 24, 2020 by Wt_know 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic March 24, 2020 Share March 24, 2020 (edited) 1 hour ago, 13177 said: 3 bedder for 1055 sqf, about 98 sqm, bigger than 4 room bto flat liao, where got consider cramp? Lol. You didnt read his post properly, he was rebuilding his HOUSE. Moving from 3,500sqft to 5,000 sqft to a 1,000sqft, how not to feel cramp? 😄😄😄 But seriously, there is no way to fit all the furniture from landed into a condo, I am sure he must have rented an warehouse space to load all his furniture. Edited March 24, 2020 by Ct3833 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic March 24, 2020 Share March 24, 2020 15 hours ago, Kangadrool said: Tamiflew will come to rescue. Better load up on some Roche stocks 1 Link to post Share on other sites More sharing options...
13177 Supersonic March 24, 2020 Share March 24, 2020 19 minutes ago, Ct3833 said: You didnt read his post properly, he was rebuilding his HOUSE. Moving from 3,500sqft to 5,000 sqft to a 1,000sqft, how not to feel cramp? 😄😄😄 But seriously, there is no way to fit all the furniture from landed into a condo, I am sure he must have rented an warehouse space to load all his furniture. Same same like you move from a 3 or 4 room into a 1 bedder condo, how to fit all your brang brang? Lol. Anyway, SIA is talking to banks for a loan? Seriously? 1 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic March 24, 2020 Share March 24, 2020 Start selling used sq xmm uniform? my fren suggest 2 Link to post Share on other sites More sharing options...
Sosaria Turbocharged March 24, 2020 Share March 24, 2020 Best days of working in the airline, people see-you-up, with free air travel, paid medicals, 6-month bonuses, all over long ago. Now those I know that become pilots, especially those still junior down the totem-pole, don't seem so lucky. SQ xmm still have other income stream 😈 but not the poor pilots. 1 1 Link to post Share on other sites More sharing options...
Victor68 Turbocharged March 25, 2020 Share March 25, 2020 19 hours ago, Wt_know said: OK! Let’s get back to SIA if planes are grounded for 2 months presumably until end of May where travel start picking up in Jun will SIA bankrupt? Definitely the company is in the red and may need fresh funds to be injected. The question will be how? In good times, government tax, CAAS, etc, make money from SIA. In bad times, all should chip in to ensure this golden duck continue to lay eggs. Link to post Share on other sites More sharing options...
Ody_2004 Turbocharged March 26, 2020 Share March 26, 2020 SIA Trading Halt? Right Issue coming? 2 Link to post Share on other sites More sharing options...
1fast1 Supersonic March 26, 2020 Share March 26, 2020 (edited) On 23rd March, I bought 3 lots of SQ shares just to gamble really small money. My broker advised against it so strenuously but something told me to buy. I assured him this would be a swing trade not buy and hold. Yesterday (25th March), sold off. Made a really small amount 2373 bucks after commissions but on an initial stake of 16k plus, not bad. Today am stopped trading. My broker messaged me to congratulate me and called me "Houdini". 😂 I tend to play my hunches. Use the Force and all that lol. But definitely an element of luck involved. Anyway it's almost certain there will be a rights issue. I'm not keen on playing that stock anymore. Edited March 26, 2020 by Turboflat4 ↡ Advertisement 8 1 Link to post Share on other sites More sharing options...
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