Tiger Airways

[AlphaQuant]

I learnt my lesson & am still learning too. Likely to cut loss soon.

That's true - it's always hard to cut losses but the flip side is that the funds can be redeployed elsewhere which actually gives a +ve return i/o pouring good money after bad. Even if you do not redeploy it, CPF gives 4% riskfree in nominal terms.

The best description I've read abt the airlines industry is that it "has an elastic demand with high fixed costs and a volatile input in oil". You cannot raise prices without your clients running away, and you are forever spending capex on buying planes just to stay on the spot and hedging oil is a nightmare. Perhaps for your next investments you can think abt these factors.

If you look at Ryanair and AirAsia, both of which have done decent in a tough industry, i think the main difference between them and the rest of the LCCs is the presence of CEOs like O'Leary and Fernandes who have the dare to challenge regulators, slash costs and run an extremely tight ship with all eyes on the bottomline. Some people call them charismatic, some people call them a**holes but the fact is that they are effective. I don't see someone like that at the helm at Tiger and unless that happens i doubt the turnaround will be effective.

[safetyfirst]

In such a tough industry, i am wondering if tigerairways can ever consistently make money or at the very least break even.

Today (29 Jul 2014) , Tigerair 2%PerpC is trading around 80 cents. To buy the debt at this price seems too risky. Even if you offer me the perp at 30 cents, i would still find it too risky. Interestingly, many people are still holding on to the mother shares

i seldom do predictions but sometimes it is just plain obvious that there are some companies that 'investors' should just avoid

Today (20 Oct 2014) , Tigerair 2%PerpC is trading around 68 cents. To buy the debt at this price is still so risky. The company will may just go bust without the recently announced rights issue

[safetyfirst]

The mother shares are trading at 30 cents, compared to 80 cents just a few months back.

[greengiraffe]

http://www.businesstimes.com.sg/transpor...n-sia-move

TURBULENCE AHEAD
Tiger, Scoot come together in SIA move
Both carriers seen as being a key part of SIA's portfolio, enabling it to serve regional and long-haul budget travel segments, clawing back lost ground from rivals

By
Nisha Ramchandaninishar@sph.com.sg@Nisha_BT
tigerairwysw2110.jpg TIGER Airways and Scoot will find more room to work together, following the move by Singapore Airlines (SIA) to raise its stake in embattled Tiger - PHOTO: AFP
21 Oct5:50 AM
Singapore

TIGER Airways and Scoot will find more room to work together, following the move by Singapore Airlines (SIA) to raise its stake in embattled Tiger.

The two budget airlines received antitrust immunity from the Competition Commission of Singapore in August, which allows

[kikababoo]

In such a tough industry, i am wondering if tigerairways can ever consistently make money or at the very least break even.

Today (29 Jul 2014) , Tigerair 2%PerpC is trading around 80 cents. To buy the debt at this price seems too risky. Even if you offer me the perp at 30 cents, i would still find it too risky. Interestingly, many people are still holding on to the mother shares

i seldom do predictions but sometimes it is just plain obvious that there are some companies that 'investors' should just avoid

Today (20 Oct 2014) , Tigerair 2%PerpC is trading around 68 cents. To buy the debt at this price is still so risky. The company will may just go bust without the recently announced rights issue

just a follow up question on this. this 68 cents that you quoting. (i got 65.8 cents for closing price from bloomberg).

Do this mean that u pay 68 cents for the S$ 1.07 par? coz this convertible's par value is not the usual 1 dollar.

or does this means 68 cents on the dollar? (meaning 68 cents * 1.07 is what you pay per convertible share)?

Thanks!

[chanwbkenneth]

Scoot will eat everyone up. I mean, SIA owns 49% of that company.

[greentea]

Tigerair down after releasing results of rights issue
By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT

5 Jan12:07 PM
TIGER Airways slumped 3.7 per cent on Monday morning, following the results announcement of its rights issue.

The stock was down one cent at S$0.26....

http://businesstimes.com.sg/companies-ma...ghts-issue

[tiyana]

Financial Results 3QFY15
Tiger Airways Holdings Limited (“Tigerair” or the “Group”) has reported a profit after tax of
S$2.2 million for the quarter ended 31 December 2014 (“3QFY15”), a turnaround from a loss
after tax of S$118.5 million recorded in the corresponding quarter of prior year (“3QFY14”).
Total revenue improved by 5.9% to S$182.3 million in 3QFY15, while total expenses
contracted by 1.5% to S$178.2 million year-on-year. This resulted in an operating profit of
S$4.1 million, compared to an operating loss of S$8.8 million a year ago.
The improved performance was achieved on the back of stronger yield (+4.9%), higher load
factor (+6.2 percentage point improvement) and lower capacity (-5.7%). This reflects the
success of the Group’s initiatives to focus on its Singapore operations in its execution of
turnaround plan.
Mr Lee Lik Hsin, Group CEO of Tigerair, said, “We had to make some difficult decisions in
the turnaround process. Though we are not out of the woods yet, we are encouraged by the
improving financial results. We are also heartened by strong shareholders’ support of our
rights issue.”
Outlook
The strengthening of the Group’s balance sheet through the recent rights issue will place the
Group on a firmer footing to fully execute its turnaround plans. The Group remains vigilant
over the macro-economic uncertainties and intense competition.

The Group will continue to drive improvements in operating performance through strategic
alliances. In particular, there will be a stronger partnership with Scoot, and with the rest of
the Singapore Airlines Group.

[BlueKelah]

Looks like lower oil prices are kicking in

-- via Xperia Z1 with tapatalk

[kikababoo]

Looks like lower oil prices are kicking in

-- via Xperia Z1 with tapatalk

i think it's hard for them to not squeeze out abit of profit when they such a bloodbath write down last time.