Singapore Airlines

[john]

SIAS chief has had a Q&A session with SIA chief.
And he apparently was very pleased with the conversation. Toward the end, SIAS chief said to the effect that we small shareholders are behind you, SIA, the national icon. And he looks forward to taking SIA flight to Australia to visit his daughter.

SIA MCB
I am allotted the MCB shares but not neatly in multiple of 100 lots, so I have an odd lot of 50 MCB shares. How do I get rid of this odd lot or buy another odd lot of 50 to round off my holding? Don't the SGX provide at least temporarily for traders to do this? Any advice from the experienced forums will be greatly appreciated
John

I dont think it is a good idea to just buy 50 shares to make it a nice figure. The brokerage involved will be costly in terms of percentage. Similarly to sell 50 shares also dont look like a good idea, I would suggest youC forget about owning the MCB in the first place

But if you are buying 4950 shares, or 9950 shares, perhaps the commissions will appear more worth it. i usually try to trade a minimum of 10k

i am using ocbc platform, they have this thing called the SGX unit shares that i can click on and trade like 1,2, 57 or 92 or any other ugly number of shares

Thanks for the advice. Yes if I buy will certainly get much more than 50 shares. This bond pays more than keeping money in the bank with low low interest, so I don't mind holding it.

I would recommend you go back on the thread and read it through. The MCBs are not capital guaranteed and can result in significant losses under certain situations when its converted to equity.

If you are approaching this as if it’s a fixed deposit or a typical bond, please think twice.

Thanks all for your good advice. I read the terms again, yes if the bond not called before redemption, it is converted to SIA shares at around $4.84 each. I tend to believe Govt will support SIA comes what may and suitable talents will be seconded or recruited if need be to ensure best possible performance if current management unable to. So, company should be worth more than $4.84 in 10 years time. Anyway, as a precaution, will not buy any more, just put it aside and keep fingers crossed.