Have faith and hope
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SIA Bleeds
- Thread starter ckmpd
- Start date
Yes...have faith that she will grow up into a beautiful swan
- Joined
- Oct 30, 2014
- Messages
- 36,768
- Points
- 113
I'll save the airlines.
The workers are a dime a dozen. It's the airlines that provides the jobs.
Today, IATA predicted that air traffic will only get back to pre pandemic level after 2024. This spells trouble for SIA. SIA going down to $2 is very likely soon
question to ask is airlines provide jobs for whom? if for foreigners, i wish they will close down
- Joined
- Jun 17, 2020
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Then sell it after 2024 if u had purchased it.
- Joined
- Jan 5, 2010
- Messages
- 2,086
- Points
- 83
SIA, where did $413.9M of Shareholder equity on account book dissappear to?
https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial-Results/SGXNET/bu-q1fy2021.pdf
I want to ask, why the total assets minus total liabilities,
$40,352M-22,357.8M=$17,994.2M is higher than the "equity attributable to owners of the company" that is stated as $17,580.3M? Where did the difference of $413.9M disappear to?
[PS: there is also a discrepancy of $418.6M in the FY19/2020 result as well, so I would like to know who are these phantom (unaccounted for) asset holders are, who are entitled to equity value, yet are not shareholders of the SIA company?]
How come then the accounts are for some other extraneous parties, and thus the "equity attributable to owners of the company" is shockingly less thanwhat the assets minus liability accounts show?
Can some account explain this discrepancy, or is my calculation wrong?
What kind of strange/ sloppy/ clumsy accounting method is this, where the assets and liabilities of other extraneous parties are included to begin with (or not pro-rated to what is owned and financially liable to SIA shareholders in the first place)?
I want to ask, why the total assets minus total liabilities,
$40,352M-22,357.8M=$17,994.2M is higher than the "equity attributable to owners of the company" that is stated as $17,580.3M? Where did the difference of $413.9M disappear to?
[PS: there is also a discrepancy of $418.6M in the FY19/2020 result as well, so I would like to know who are these phantom (unaccounted for) asset holders are, who are entitled to equity value, yet are not shareholders of the SIA company?]
How come then the accounts are for some other extraneous parties, and thus the "equity attributable to owners of the company" is shockingly less thanwhat the assets minus liability accounts show?
Can some account explain this discrepancy, or is my calculation wrong?
What kind of strange/ sloppy/ clumsy accounting method is this, where the assets and liabilities of other extraneous parties are included to begin with (or not pro-rated to what is owned and financially liable to SIA shareholders in the first place)?
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- Joined
- Oct 19, 2008
- Messages
- 28,387
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- 113
To quote Ho Jinx : "Errrr......"
what is your advice to someone who is planning to buy SIA?
- Joined
- Jan 5, 2010
- Messages
- 2,086
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- 83
I will probably buy him an ice cream for his invaluable contribution to nation building (must show proof of the trade to claim this reward, whilst stocks last only) .
- Joined
- Jun 17, 2020
- Messages
- 12,810
- Points
- 113
I am not an expert and dunno if my advice holds any ground. what area of advice in buying SIA are you looking for?
For me, i see it a way to get free watches. once it reach a price level i can get my watches, i sell it.
- Joined
- Dec 30, 2010
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- 12,730
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There are more than 1,000 counters for you to trade and you want to buy
SIA? Of total volume turnover today, SHORTS account for 37.7% or S$7.2m
in dollar terms.
- Joined
- Jun 17, 2020
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- 12,810
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i believe ckmpd is looking at bluechip and a bluechip that he is familiar with.
SIA just announced that it lost $1123m from Apr to Jun...
More losses the next few qtrs. Will there be a sell down today?
SIA is a good company. It will suffer losses at least for the next two yrs. I am looking for good investment opportunity and SIA at this time is a good counter to look at. But my assessment is it will go below $3 soon. So while many investor are shouting buy SIA, I disagree with them and instead will wait it out for SIA to go down more.
If can buy below $3 why buy at $3.50?
Yes, blue chips are good for a bargain now. Many to choose from. Cash is king. Can buy and wait for them to go up in the next few years
wise...buy low, sell when it meets your profit target
SIA, SCI, Kep Corp, SPH, Singtel, DBS, UOB, OCBC are all good chips to buy if you can hold
- Joined
- Aug 6, 2008
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- 14,867
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Simply don't.
Because the real owners, they will sell you shit just to save their asses. You know who...
