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Today is not some people. Is some GANG!
What type of "fun" is it, kind to elaborate more? I feel most of the AGMs are simply boring unless there's some joker around to stir up some issues.
chinton86 ( Date: 20-Jan-2009 18:05) Posted:
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Those who had go, must have know today had a fun day!
Oni those highly paid..1st to go, follow by high flyers, operation and ground staffs is d least effected as they earn less then S$1.5k, rekon o/t will be cut with more cheaper staffs like Indian work permited holders who can do 15 hours or more type coming in to replace those who don't wish to take up such job, also execepting more China guy as well working more for less $$$
knightbridge ( Date: 12-Jan-2009 22:55) Posted:
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Tomorrow sats meeting, whose going??
No player, avoid it loh.
Synergy savings for the first year. will be eliminate from the lay-off staff in SFI.. (If one month per year apply). Too Retire SFI Directors will need alot of money i think.. (Dun think it will be cheap, this is still old singapore not like the current situation in US)
I think the deal will pass thru....SIA controls >80% of Sats while Temasick hold 55% of the former!
I suggest let them have their way first(there maybe reasons behind the proposal), ask questions later during the AGM if there's no cost saving as what they've stated.
Actually, I would rather buy SIA as it control both SIA Engg & SATS and all 3 are cash rich. Hehehe!
I think it not going to benefit SATS smaller shareholder in this situation. 93 cents is deem expensive in the current climate.. I am vest because of the cash hoard in SATS.. Willl have no more 14 cents dividend like last year after if the takeover is successful
If SATS wants the food business in the defence industry, why cannot just buy one part of the business WHY must buy the whole thing.. If not the other assets SATS dont want have to give retrenchment benefit later may be a few million. (Why SATS have to pay)
Temasek need money, it is transfering fund from left hand to right hand. Why temasek can't just take a loan from SATS at market rate...Haiz
No use fighting a lost battle nor it war...is like a stone thrower against a leapard tank driver as it driver bull doze it wat forward.
chinton86 ( Date: 11-Jan-2009 15:39) Posted:
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Seems alot of discontent here.... But if Aberdeen Asset Mangaement and the First Eagele fund agree, also no use...LLST
Strongly agreed!!! As can be seen by it's share price; did not even touch 93 cents at all plus the write down of 10 million dollars.... Let's all unite and vote against it unless the takeover price is lower than 93 cents. Even if you can't make it, get someone to be the proxy for you, if not all the small investors like us will suffer....
Henry$$$ ( Date: 11-Jan-2009 01:39) Posted:
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I urge all the small SATS investors to object this take over. Too expensive !! Management mostly not take care for small investors benefit!
Will be interesting to see the outcome of the EGM which is coming soon....
SFI updated its' shareholders of an estimated loss of 10 million dollars:
http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/9021dc840589881048257530001c3289?OpenDocument
And Sats is proposing to buy over SFI. Maybe that's why strong reservation from one of its minority shareholder reflected in the newspaper sometimes ago. Personally, don't quite understand why Sats are still going ahead with the acquisition when it seem like SFI is not going very well...
Maybe the shareholders should all voice their concern during the AGM...
Dec 14, 2008
Swissport may quit Changi
UP AGAINST tough competition from entrenched players and a worsening global recession, loss-making Swissport Singapore may pull the plug on its operations at Changi Airport.
The Straits Times understands that the Swiss-based ground-handling company, which offers passenger check-in, as well as baggage and cargo services, is in talks to sell its business, possibly to rival Singapore Airport Terminal Services (Sats).
Since it started operating at Changi in 2005, Swissport has chalked up losses of more than $50 million.
Saw on the newspaper a few days ago that a remiser representing some minority shareholders is not in flavour of the buying price for SFI. He felt the price is overvalued.... Wonder what will be the outcome of it? 
Down 2 cents. Look like the market did not reponse well to the takeover bid....
From positive to negative now...
Is this the catch to attract bigger BBs like SATs to buy over, so as....
Singapore Food Industries looks into setting up pig farm in China,
anyway who is on board SATs...check it out.
teeth53 ( Date: 03-Dec-2008 16:06) Posted:
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