Singapore Airlines

[helios]

Remembered wrongly and just saw the statement, I have 12.5k of SIA shares ....

[helios]

Sold off 600 and got a $77 check from PEOMS.
Reminder 11.9k shares ... might swing in & out ... and watch for its neckline at 5.2, support seemed to stablised at 4.85-ish.

[behappyalways]

SIA's mandatory convertible bond issue just over 60% subscribed
https://www.theedgesingapore.com/news/c ... subscribed

[helios]

Sold half basket of SIA yesterday afternoon, and then re-queue at 4.98

it seems the trading zone is around 4.96 to somewhat < 5.20

[behappyalways]

SIA's net loss narrows by 63.6% to $409 million in 1QFY22
https://www.theedgesingapore.com/capita ... ion-1qfy22

[helios]

Bought back shares, now I have 12.3k on hand ...

Notice the trading band is ~ 0.1 to 0.15 every week ie. shares will be pushed up < 5.20 and then within a day or two back to 4.95 ish ... shares tend to closely hover around this band. Good for predictable swing.

I expect this to "dress up" during National Day week and then to exit again ...

[helios]

Sold 8k at 5.12 and then bought back (topping up some) at 5.05

This morning, I bought another 1.6k at 4.98 using SRS (anyway, I need to contribute SRS to offset that tax bracket).

Practically lost count of existing numbers of SIA shares, right now into 3rd swing in and out ...

TOL: next time I should let go of least 10k shares for that trading margin which is so predictable ...

[behappyalways]

Singapore Airlines uses final $0.6 bil of proceeds from rights issue for aircraft and aircraft-related payments
https://www.theedgesingapore.com/news/a ... rcraft-and

[helios]

Totalling now 14,400 shares ...

Actually I intend to accumulate till 16,000 however I don't think any opportunity to buy at 4.98 already .... Monday this will break 5.2 resistance.

[helios]

Seems to anchor itself at 5.50 ~
Results announced yesterday's bell ~ any thoughts?
I intend to swing out some upon next news ... and rotate back to KeppelCorp ...