I think SATS have totally underestimated how resistant an established European entity will be to change and reorganisation that affects labour, especially in France.
0:32: 📉 Sets, a company that provides in-flight catering and gateway services, has been heavily impacted by the pandemic, leading to a decline in share price 3:32: 📉 SET's share price is back at pandemic levels due to weak performance and lack of profitability in their core business. 6:50: 📈 The concern raised is that the air freight rate has increased significantly during the pandemic, but it is expected to normalize once flight capacities resume. 10:07: 💰 The valuation of sets based on the acquisition is around 14 times, which is more than the 9.77 times they paid for it. 13:55: 💰 The normalized earnings of Sets' Food Solution and Gateway services have dropped, but the company has historically paid out an average of 80% in dividends from 2015 to 2020. 17:22: 📊 The valuation of sets seems reasonable and worthy, based on yield and PE ratios, but full recovery may not happen until 2024. Recap by Tammy AI
Actually this was why I bought and sold off the 2020, the losses and the government support, I didn't realise it ran so long. Good job, and I appreciate the update, a lot.
The WFS deal changes the dynamic of SATS. If not for the deal, I'm sure they would more or less return to pre-pandemic this year or next. However, the WFS deal does offer more growth in the coming future if they are able to properly navigate it.
By then, it will not be at this price. Sometimes, you need to do a calculated bet to buy the shares at a cheaper price, if you are clear of the fundamentals of the business and the recovery path it is taking
it was a really stupid deal, think about it, think about it, the enterprise value sats bought wfs is the same as what the seller (a pe firm) bought wfs for PRE-pandemic. the management should have been fired but hey, govt linked company
Ya, rather incompetent Mgt. Don't put yr good money in this substandard Mgt, no future; good business run by 😢 businessman, hopeless! Stay away from SAT!!
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I think SATS have totally underestimated how resistant an established European entity will be to change and reorganisation that affects labour, especially in France.
Good point!
0:32: 📉 Sets, a company that provides in-flight catering and gateway services, has been heavily impacted by the pandemic, leading to a decline in share price
3:32: 📉 SET's share price is back at pandemic levels due to weak performance and lack of profitability in their core business.
6:50: 📈 The concern raised is that the air freight rate has increased significantly during the pandemic, but it is expected to normalize once flight capacities resume.
10:07: 💰 The valuation of sets based on the acquisition is around 14 times, which is more than the 9.77 times they paid for it.
13:55: 💰 The normalized earnings of Sets' Food Solution and Gateway services have dropped, but the company has historically paid out an average of 80% in dividends from 2015 to 2020.
17:22: 📊 The valuation of sets seems reasonable and worthy, based on yield and PE ratios, but full recovery may not happen until 2024.
Recap by Tammy AI
Another great video guys. Love it that you all talk about fundamentals!
Thanks! That's pretty much what we focus on!
Thanks for doing what you guys do. Appreciate
Our pleasure, Jem!
Great job again guys!! Appreciate it, thanks! 🙏
glad you find them useful. Thanks blimkl. =)
Thanks for the insight, saved me lots of time doing my own research!
Glad it was helpful!
Sad when SATS bought over Singapore Food Industries (SFI) which was a well run food company.
Great job guys! Thank you
Our pleasure, Niraj!
Do you think that 2024 Paris Olympic would give a boost in WFS profit? Is that why they want to acquire WFS before the Olympic?
The Olympics is only a two-week event.
Olam Group next?
Thank you Fifth element, wonderful discussion, how do you get the valuation of wfs? is it available anywhere else?
You're most welcome! The valuation is based on the acquisition price over profit.
Great Video. Thanks.
Glad you liked it!
Good analysis, especially by the black shirt guy
Great discussion
Thank you Sam
Thank you Guys for the latest updates!
No problem!. Glad you enjoyed it.
Thank you.
Welcome!
Strikes very often
Actually this was why I bought and sold off the 2020, the losses and the government support, I didn't realise it ran so long.
Good job, and I appreciate the update, a lot.
The WFS deal changes the dynamic of SATS. If not for the deal, I'm sure they would more or less return to pre-pandemic this year or next. However, the WFS deal does offer more growth in the coming future if they are able to properly navigate it.
Appreciate your update
Still waiting for video on Chinese tech stocks hahaha
Haha. Coming soon!
Will not touch SATS until it shows profit which may take ages.
By then, it will not be at this price. Sometimes, you need to do a calculated bet to buy the shares at a cheaper price, if you are clear of the fundamentals of the business and the recovery path it is taking
it was a really stupid deal, think about it, think about it, the enterprise value sats bought wfs is the same as what the seller (a pe firm) bought wfs for PRE-pandemic. the management should have been fired but hey, govt linked company
Ya, rather incompetent Mgt. Don't put yr good money in this substandard Mgt, no future; good business run by 😢 businessman, hopeless!
Stay away from SAT!!
Sad …….