11 Apr 2020
What are your thoughts on Singapore Airlines Ltd (SGX: C6L) rights issue?
SIA announced that it will offer all shareholders S$5.3 billion in new equity and up to a further S$9.7 billion through a 10-year Mandatory Convertible Bonds (MCB). Is this good for shareholders?
Please take a look at this analysis:
I think for shareholders who are confident of Singapore Airline operations (read DIE HARD FANS) will be happy for it. As what Kenneth have mentioned, new investors or day traders probably will stir away from it for a good 1 year or so.
Personally, I do think Singapore Airline will go through this tough time and come up alive. I am all for Singapore Airline because of their service and convenience.
Looks abit like a pretty half-hearted effort to raise money from the public.
The flipside to this i...
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