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Full Version: SATS.....LOSS $26.5 MILLION
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SATS S58 -4.36% has reported a loss of $26.5 million for FY2023 ended March 31, compared to the earnings of $20.4 million in the preceding FY2022.
SIA turn from lost to profit how come SATS the opposite ?
The shipping rates were very high previously. Now, worldwide the rates have dropped. They just swallowed the world's biggest cargo handler. Hope won't get choked.
I bought SATS now become sad.
(30-05-2023, 10:17 AM)theold Wrote: [ -> ]Is it because of this?

https://www.straitstimes.com/business/sa...andler-wfs

Greed knows no bounds
They only have full control in Singapore elsewhere depends on how powerful our ForeignMinister is
(30-05-2023, 10:40 AM)Right way Wrote: [ -> ]I bought SATS now become sad.

What price?
(30-05-2023, 11:17 AM)hansamu Wrote: [ -> ]What price?

$2.75
(30-05-2023, 11:43 AM)Right way Wrote: [ -> ]$2.75

Not too bad....Will recover. 
If few lots,nothing to fret.

Bought yesterday?
They didn’t know that the worker’s Union there is very, very powerful?

They will be brought down to their knees when they go on strike.

Compensation after compensation.
(30-05-2023, 11:59 AM)klat Wrote: [ -> ]They didn’t know that the worker’s Union there is very, very powerful?

They will be brought down to their knees when they go on strike.

Compensation after compensation.

ard 2.35 next support
(30-05-2023, 12:04 PM)talky Wrote: [ -> ]ard 2.35 next support

Some say target buy price 2.20....hard to achieve I guess .
From another graph chart $2.60 also strong support too!!
(30-05-2023, 11:57 AM)hansamu Wrote: [ -> ]Not too bad....Will recover. 
If few lots,nothing to fret.

Bought yesterday?
Yup. but on hand total holding more than 40 counters lost more than 500K and dun think can recover back
(30-05-2023, 05:55 PM)Right way Wrote: [ -> ]Yup. but on hand total holding more than 40 counters lost more than 500K and dun think can recover back

Can understand fully. 
You are not alone, many others in the same hole.

Stay patient and positive...better days will come for sure.
already no money still want to buy WFS for $1.1Billion

where is the money coming from???


https://www.reuters.com/markets/deals/si...022-09-28/
No money they ask for right issue lah....Ah Kong Ah Ma support no worries....dividends keep for later like SIA reward employee and management staff , don't need return or share with others or Gov.
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SATS incurred a loss...so no dividend payment this round?


SIA long suffering share holders also were not paid dividends for a few years, and also incurred capital losses.