Jim LEO
2023-04-08

mid-March, Sats' shares have been rebounding. It closed Monday (Apr 3) at $2.78, representing a 16.8 per cent gain from its Mar 14 close

SATS has had a turbulent six months. After announcing it was in talks to buy the world&rsquo s largest air cargo handler Worldwide Flight Services (WFS), the company&rsquo s shares fell from S$4.09 to a low of S$2.38.

Since mid-March, however, the stock has been rebounding. It closed Monday (Apr 3) at S$2.78, representing a 16.8 per cent gain from its Mar 14 close.

Sats&rsquo rights shares, issued to raise money for the acquisition, commenced trading on Mar 29. And the company announced on Apr 3 that it had completed the acquisition.

With the overhang of the rights issue

Tiger's Easter egg hunt
🐰🌷 Hop into Easter and join Tiger's Egg Hunt! 🎉We're giving away free Disney stocks, USD120 stock vouchers, and more to lucky players who participate in our Easter game. 🎁🌟
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
55
4