SATS drop 16% π¨!$&$
What happened today with $SATS LTD.(S58.SI)$? Acquisition should be a good thing to create global leader, of course will need alotof capital expenditure, so stock dip due to company need equity, means issue new share ... actually fair enough, but is it because not the right time to raise funds ? not the right time to expand ?
Singapore-based ground handling services firm SATS is acquiring Paris-based Worldwide Flight Services (WFS) for S$1.65 billion cash, to create the world's biggest global air cargo handler, the companies said.
"This is a transformational opportunity for SATS and our proposed acquisition of WFS will create a global leader," Kerry Mok, SATS' CEO, said in a statement on Wednesday (Sep 28).
Good job SATS ! wish you success in this new endeavours! Investors need to be strong hands, if the company not doing expansion but need to raise funds then it is worse than this. This is just my personal opinion. Never watch this stock before, the last dividend payout was 2019. So sad couldn't give dividends 2020/2021/2022 while i am dividend lover, adding SATS in my watch list.
What u think my friends, worth to try ? Income and stocks price is really effected by global (worldwide Situation) pls do yr own DD.
not investment advice.
Invest wisely ππ
Now can add more photos in a post ! Wow great ! Investing is better to protect/gain wealth, so the loss now just on paper [Chuckle] [Cool] [Facepalm] [Spurting] [LOL]
I will continue looking what good co on discount π Will $SINGAPORE AIRLINES LTD(C6L.SI)$Bullishbelow $5 ? Will $OVERSEA-CHINESE BANKING CORP(O39.SI)$below $10 ? Only time will tell.
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.
Could be due to following differences :
1. Cultural
2. Educational.
3. Degree of personal freedom.
4. Trust in Management.
5. Work ethics.
6. Work union (if applicable).
Watch the Netflix docu "The American factory" to see what I'm trying to say.
It will be a very great challenge for SAT'S Sgp.
Good luck...