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Anonymous
Given that the national carrier's share price is low now, and might continue to lower further, would now be a good time to buy?
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SIA closed at $3.63 on 22 May 2020. With its future uncertain but cannot failed position (supported by our sovereign fund), it is worthwhile for a 3-4 year timeframe?
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Just Being Ernest
02 Apr 2020
Content Creator at www.youtube.com/c/JustBeingErnest
The easiest way to ask is will SIA recover and how much will it recover
And even though now is low, could it go lower?
If you are confident that it will bounce back, you can buy but using dollar cost averaging.
Personally i will say it is a risker bet. Prefer companies that are more resilient.
I make videos about interesting stuff at youtube here
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Josh Tan Jian Liang
01 Apr 2020
Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
Hi Anon,
SIA has fallen on bad times. Business has almost grinded to a standstill as they have just announced the halting of flights.
SIA will be issuing rights and mandatory convertible bonds (MCB) Rights will be issued at 3 rights per 2 shares. Exercise price at $3. MCB will be issued at 295 per 100 shares. It is a zero coupon 10y bond.
Full explanation in this video "SIA Bailout? How It Works (Rights And Mandatory Convertible Bond)" : https://youtu.be/gsY_czHU97Y
Also shared before a prequel "INTERESTED IN SIA SHARES": https://youtu.be/TfeLltNAxxw
Given that the national carrier's share price is low now, and might continue to lower further, would now be a good time to buy?
Invest over a period. Hope it helps. If in doubt look for a qualified adviser.
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Alvin Teo
30 Mar 2020
Aviva Relationship Consultant at Aviva Affinity Channel
Some people will tell you yes, but given current situation, Some more might tell you no.
but for su...
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It shouldn't be because you believe the price is at Bitlife lowest that you purchase it. You'll be devastated if it decreases to zero. It's the lowest any stock can go, after all.