Post Reply
1221-1240 of 1501
That is, if share price can go up and support can be garnered above the $1.90 that it traded before.
Some warrants are due to expire in June 2011, and conversion of $1.90 per share seems very attractive if company can quickly institute good amount of share buy backs. Now buy back can make a profit of more than 40 cents. This airline counter can take it, I think.
wisann ( Date: 13-Apr-2011 14:09) Posted:
|
Vested :D
Oil prices movements tend to create ticket pricing adjustments. So if oil goes up, tickets will be more expensive yet if you need to travel budget, you need to travel. If oil price goes down, you get a bonus of cheaper tickets.
Hahaha. Buy is good, I think.
wisann ( Date: 13-Apr-2011 13:55) Posted:
This one looks tasty :D
Somemore with the falling oil price. Maybe can go higher.
|
|
This one looks tasty :D
Somemore with the falling oil price. Maybe can go higher.
Tiger's chart looks promising. Can try higher.
Tiger Airways Holdings Ltd reported that from March 2010 to February 2011, a total of 5.9 million passengers flew with Tiger Airways, an increase of 26% over the 4.7 million passengers in the preceding 12 months. Average load factor for the 12-month period to February 2011 increased to 86%, an increase of 1 percentage point year-on-year. For the month of February 2011, Tiger Airways carried 484,000 passengers, an 11% increase compared to the same month last year. The average load factor across Asia and Australia for the month was 83%.
/sgx
One airline (Tiger) needs to cater for the oil prices going up and now shoulder any (SEAIR), can " tong" or tahen mo ? Unless now they increase the ticket prices. But you know usually budget airline always do their promotion to sell tickets well before hand in 3 to 6 months, thus they had to stomach this period of lost in ticket prices.
P/s : " Kill the panda, I am the treasure"
bsiong ( Date: 24-Feb-2011 18:22) Posted:
Singapore’s budget carrier Tiger Airways (TAHL.SI) has signed an agreement to buy a 32.5% stake in Philippines-based South East Asian Airlines (SEAIR) for $6 million, its spokesman said on Thursday. The deal comes about three months after the Singapore carrier leased two of its Airbus A319 aircraft to SEAIR.
Tiger Airways, 33% owned by Singapore Airlines.
/theedge/
|
|
This is definitely good news, man. Will the counter go back to $1.90?
Tiger Air: acquires 32.5% stake in SEAir for US$6m. This appears consistent with its Pan-Asian ambitions, and plans to build an operating base providing int’l and domestic flights in the Philippines. It is also an extension of Tiger’s current partnership with SEAir, in which Tiger has leased 2 A380 aircraft to be operated by SEAir, but marketed under the Tiger flag.
Nevertheless, Tiger’s route expansion plans in the Phils are likely to be preliminary still. Given SEAir’s current lack of scale, non-LCC focus, it is unlikely able to challenge Cebu Air, the leading LCC there, in the near term. Risks include greater competition with Air Asia’s aggressive entry, and bipolarization within the Phils airline industry (Clark Airport emerging as an alternative to Manila Airport).
Singapore’s budget carrier Tiger Airways (TAHL.SI) has signed an agreement to buy a 32.5% stake in Philippines-based South East Asian Airlines (SEAIR) for $6 million, its spokesman said on Thursday.
The deal comes about three months after the Singapore carrier leased two of its Airbus A319 aircraft to SEAIR.
Tiger Airways, 33% owned by Singapore Airlines.
/theedge/
Submarine liao, placement price at S$1.58 and I remember IPO also same price. Now S$1.46
Singapore’s budget carrier Tiger Airways (TAHL.SI) said on Monday that Ryanasia has reduced its stake in the company and is no longer a substantial shareholder.
Ryanasia is linked to the family that founded Ireland’s Ryanair (RYA.I), one of Europe’s most successful budget airlines.
Ryanasia sold about 18.6 million of its shares, bringing its stake in the firm to 1.99% from 5.41% previously, Tiger said in a regulatory statement. The statement did not say how much the shares were sold for.
IFR, a Thomson Reuters service, reported on Wednesday that Tiger shareholder Ryanasia was selling 18.6 million Tiger shares at an indicative price of $1.58-$1.61 per share, sparking a sharp drop in the share price.
Tiger’s other large shareholders include Singapore flag carrier Singapore Airlines (SIAL.SI).
| Tiger flat stake paring to hit sentiment - Credit Suisse |
Tags:
Credit Suisse |
Tiger Airways
| Written by Dow Jones & Co, Inc |
| Friday, 18 February 2011 11:00 |
Tiger Airways (J7X.SG) is flat at $1.59, after slumping 4.2% Thursday in heavy volume after a married deal of 18.6 million shares was executed at $1.581.
Credit Suisse says the seller was RyanAsia, which has now reduced its stake to just 2.0%. “The market...will view the disposal by a major founding shareholder in a negative light. This negative sentiment...will put downward pressure on Tiger Airways' share price.”
It adds, at the $1.50 IPO price, Tiger would trade at CY2011E P/E of 11.7X, its premium over AirAsia P/E would narrow to 26% vs a peak of 46%. It keeps Underperform with a $1.90 target.
UOB KayHian says “valuation is now much more realistic.” It reduces its EV/EBITDA to 8X from 8.5X, still a premium to regional peers but “justified as Tiger will be able to scale up its operations and achieve higher operating margins. We thus estimate net profit could rise 87% in FY13.”
The house upgrades the stock to Hold from Sell, and raises its target price to $1.59 from $1.54.
|
TIGER SHARES FALL ON NEWS OF RYANASIA SELL-OFF
----------------------------------------------
by Jonathan Peeris
SINGAPORE - Shares of Tiger Airways nosedived yesterday, falling as much as 5.4 per cent in intra-day trade following news of a share placement by a major shareholder.
IFR, a Thomson Reuters service, reported that Tiger shareholder Ryanasia is selling 18.6 million Tiger shares to raise up to S$29.9 million at an indicative price of between S$1.58 and S$1.61 per share.
Traders also told Reuters that there might be concerns about the performance of Tiger's Australian operations. The budget carrier, which operates out of bases in Singapore and Australia, said it had suspended services between Melbourne and Darwin, in a bid to " adapt its network in response to demand and to reduce its costs" .
When contacted by MediaCorp, a Tiger spokesman said the company could not confirm the reports about the Ryanasia sale but added that the firm was the smallest of Tiger's substantial shareholders, with a 5.5-per-cent stake in the budget carrier.
On the suspension of the Melbourne-Darwin route, Tiger said it was part and parcel of its active management of its route portfolio. The carrier said that, despite the cancellation of the route, it continued to grow its operations in Australia.
Tiger shares recouped part of the day's loss but still closed 4.2 per cent lower at S$1.59. Jonathan Peeris
Tiger Airways drops after off-market trade at discount: Update 3 THURSDAY, 17 FEBRUARY 2011 18:55 Tiger Airways Holdings the discount carrier part-owned by Singapore Airlines, dropped by the most in six months after 18.6 million shares traded off-market today at a discount to yesterday’s close.
The stock declined 4.2%, the biggest slump since Aug. 10, to S$1.59 at the close of trade in Singapore. The off-market shares were sold at S$1.58 each, according to stock exchange data.
The rise in the price of fuel, which accounts for about 27% of costs on average at airlines, could wipe out global projected profits of US$9.1 billion ($11.7 billion) this year, according to the International Air Transport Association. Higher expenses and low fares could hurt margins at Tiger Air, according to Melissa Yeap, an analyst at DMG & Partners Securities in Singapore.
“To a lot of investors, the key concern is the price of jet fuel,” said Yeap. Tiger Air “has given an indication that they will not charge a fuel surcharge but they may revise their base prices upwards.”
Tiger Air will make the appropriate disclosures according to the rules of the stock exchange, Charles Sng, a spokesman at the carrier, said by phone today.
Jet fuel prices in Singapore climbed to US$117.65 a barrel yesterday, according to Bloomberg data. They have gained almost 38% in the past six months.
Tiger Air sold shares in an initial public offering at $1.50 apiece last year. The discount carrier’s biggest shareholders are Singapore Air, with 33%, The Capital Group Companies Inc., with 8.1%, 7.4% by Dahlia Investments and 5.5% by RyanAsia as of Jan. 12, according to its website.
WRITTEN BY BLOOMBERG//theedge/
Tiger falls on placement, concerns about Australia operations
Shares of Tiger Airways (TAHL.SI) fell as much as 5.4% on Thursday following news of a share placement by a major shareholder and on concerns about the performance of its Australian operations, traders said.
Around 11:00 a.m., Tiger was traded at $1.58, down 4.8% from the previous close.
IFR, a Thomson Reuters service, reported on Wednesday that Tiger shareholder Ryanasia is selling 18.6 million Tiger shares to raise up to $29.9 million at an indicative price of $1.58–$1.61 per share.
Traders also said there were concerns about the performance of Tiger’s Australian operations.
The budget carrier, which operates out of bases in Singapore and Australia, said on Thursday it has suspended services between Melbourne and Darwin due to a lack of demand.
how come this counter was pushed down ?
wow 18,600,000 married deal @ 1.58. Prob pre IPO investors bailing out.
Date of Listing: Jan 22 2010
Offer Price: SGD1.50
1st Day Closing Price: SGD1.580 (too much of a coincidence here!!)
Tiger Airways says a total of 5.9 million passengers flew with Tiger Airways from February 2010 to January 2011, an increase of 31% over the 4.5 million passengers in the preceding 12 months.
Average load factor for the 12-month period to January 2011 increased to 86%, an increase of 1 percentage point year-on-year.
For the month of January 2011, Tiger Airways carried 553,000 passengers, a 29% increase compared to the same month last year. The average load factor across Asia and Australia for the month was 84%.
