Thai Airways Intl (TAWNF)

[tutt1126]

Action speaks louder than words. And this old action might repeat for a brand new dividend payment.

https://ir.thaiairways.com/dividend-policy-and-payment/#:~:text=DIVIDEND%20POLICY%20The%20Company%E2%80%99s%20policy%20is%20to%20pay,of%20future%20investment%20plans%20and%20other%20applicable%20factors.

[$Pistol Pete$]

Nice news

[tutt1126]

Nok Air CEO Wutthiphum Jurangkool said in the filing that a fresh focus on capital restructuring, debt restructuring, and some operational changes would avoid the possibility of delisting and deliver better value for shareholders, including parent company Thai Airways International

[floridaboy]

That's what it says. I thought it was something like .074?

[George1234]

$0.29 is the offer price?

[tutt1126]

https://www.ch-aviation.com/portal/news/122619

[George1234]

Thanks. Any other stocks resume on OTC with potential run capability?

[tutt1126]

On Jan 3 2023 , sec rule 15c-11 will be expired. Here read it
https://www.lsta.org/news-resources/the-sec-backs-away-for-now-on-rule-15c2-11/

[George1234]

How soon?

[tutt1126]

Yes

[floridaboy]

US brokerages gonna allow buying?

[tutt1126]

https://nypost.com/2022/11/26/sec-chair-gary-gensler-to-unveil-big-changes-amid-ftx-scandal/

[tutt1126]

Sec is backing away because of the scandal of ftx in FTX IN SEC

[floridaboy]

Interesting, thanks

[floridaboy]

Very positive material

[tutt1126]

The SEC’s amendments to Rule 15c2-11 go into effect on September 28, 2021

Do you remember this.
In canada, you can buy and sell but in usa sec did not allow us to buy or sell.

On Jan 3 2023 , sec rule 15c-11 will be expired. Here read it
https://www.lsta.org/news-resources/the-sec-backs-away-for-now-on-rule-15c2-11/

[George1234]

Thai Airways' administrators reveal share placement strategy
Thai Airways International Boeing 777-300Thai Airways International Boeing 777-300© Tis Meyer (PlanePics.org)
01.12.2022 - 01:08 UTC
The rehabilitation plan of Thai Airways International (TG, Bangkok Suvarnabhumi) continues to exceed expectations, with the airline finding itself earning more revenue, generating bigger profits, and needing less financial assistance than previously forecast. The airline made a THB3.9 billion baht (USD111.2 million) operating profit in 3Q 2022. At the same time, plans for a THB5 billion (USD141.9 million) credit facility have been dropped in favour of a much smaller THB2.5 billion (USD70.9 million) facility involving long-term loans and short-term revolving credit. Thai's recovering fortunes are also accelerating plans for a stock market relisting originally planned for 2025.

On November 29, the Thai government cabinet was briefed on the progress of the airline's rehabilitation plan and how it planned to reorganise its capital structure. Ahead of an anticipated return to trading on the Thai stock exchange (SET), the airline's administrators told the meeting that registered capital will not exceed 31.5 billion shares, with that amount deemed enough to keep the airline capital positive and financially stable. According to a post-meeting media briefing, Thai Airways shares will be divided into five categories, namely;

4.9 billion newly issued shares at the price of THB2.5452 (USD0.0702) per share;
5 billion shares for certain outstanding creditors, namely the Ministry of Finance, to convert THB12.8 billion (USD363.6 million) worth of debt into equity. This tranche covers 100% of the monies owed to the ministry, Thai's major shareholder. These shares will also be sold at THB2.5452 (USD0.0702) per share;
9.9 billion shares made available to other outstanding creditors, namely institutional creditors who have the right under the right to receive money from the sale of aircraft, unsecured financial institution creditors, and debenture holder creditors. This tranche of shares will see this group of creditors recoup 24.5% of the claims against the airline;
1.9 billion shares for another group of creditors that will allow them to convert interest debt into equity. These shares will also be sold at THB2.5452 (USD0.0702) per share; and
9.8 billion newly issued ordinary shares to be offered to existing shareholders in proportion to their existing shareholding at a price of not less than 2.5452 baht (USD0.0702) per share. Thai Airways employees who are shareholders and existing private retail shareholders will have access to the placement.
At the meeting, Thai's administrators asked the finance ministry to support the proposed share placements. If the ministry agrees to exercise 100% of its share rights, the ministry will end up with a 32.7% stake in the airline. State-owned banks, which are also creditors, will finish up with a 10.4% stake in Thai Airways if they exercise their full entitlements. As a result, after any stock market listing, the Thai government may still own 43.1% of the airline.

[Steelyd3]

Hmm. Hopefully this can have a strong comeback someday

[RHF469usa]

This may be the beginning of "something"
Nice to see green,
I see fields of green.......red roses too

[RHF469usa]

Thanks George
I can wait,and pick up some shares at these low low prices till 2025.
Somebody ,maybe not me,but daughter or grands gonna be sittin pretty.

[George1234]

Relists in 2025

[Sparky1234]

When Lambo

[George1234]

Thai Airways forecasts early financial rehab exit https://www.pattayamail.com/thailandnews/thai-airways-forecasts-early-financial-rehab-exit-402030

measures to streamline operations and financial performance will enable revenue growth. With these developments, the airline may be able to resolve its trading suspension issue with the Thai Stock Exchange (SET) before the 2025 deadline.





Following the relaxation of travel restrictions, the airline’s operational losses fell to 3.1 billion baht in the first quarter of this year, down from 6.9 billion baht for the same period last year.

Chai added that THAI is working on mobilizing a new fund as part of the restructuring program currently underway. The company will also sell assets worth about 2 billion baht in order to shift its focus to online ticket sales.
recommended by



SIMPLI ACV KETO
A Doctor From Winston-Salem Tells How To Remove A Hanging Belly
LEARN MORE


The International Air Transport Association (IATA) has meanwhile revised the airline industry’s 2022 financial performance. Industry losses are expected to fall to 9.7 billion dollars from an initial forecast of 11.6 billion. In its revision, the association cited increased travel demand – a trend it sees continuing as more countries move to relax curbs. (NNT)




PROMOTED CONTENT




recommended by














SUGGESTED NEWS




Look For Any High School Yearbook, It's Free
CLASSMATES

A Doctor From Winston-Salem Tells How To Remove A Hanging Belly
SIMPLI ACV KETO

What Causes Plaque Psoriasis - It’s Not What You Think
SEARCH ADS

HIV Symptoms Every Woman Needs To Know
SEARCH ADS

A Teaspoon On An Empty Stomach Burns 12 Lbs Of Fat A Week Safely!
SIMPLI ACV KETO

Signs Of Mesothelioma - Take A Look At Them (Might Surprise You)
SEARCH ADS

A Doctor From North Carolina Reveals How To Remove A Hanging Belly
KETO BLAST

The price of liposuction may surprise you, see the price list
RTBS OFFER

HIV Early Indicators: Take A Look Immediately
RTBS OFFER

These 2 Vegetables Will Kill Your Belly And Arm Fat Overnight!
DIET

Why Did A Driver Warn Parents When He Saw This In The Leaves?
MATERNITY WEEK

Warning Signs Of Metastatic Breast Cancer You Might Be Ignoring
SEARCH ADS

What Is Cremation And How Does It Work
SEARCH ADS

Do You Know What Narcolepsy Is? Take A Look
SEARCH ADS







Previous article
Thailand bans use of cannabis and hemp for recreational purposes
Next article
South Pattaya construction leaves trail of dust, broken sidewalks
Related ArticlesMore from Author

Thailand News
Entry measures for Thai and Foreign nationals from July 1

Thailand News
‘Rock on the Beach Music Festival’at Tacola Yacht Marinain Krabi this weekend

Thailand News
Thailand‘State of Emergency’ must end now, says leading opposition party



Latest Stories

Pattaya embraces heavy rains and flash floods this weekend; sea travel in high caution
June 25, 20220

Entry measures for Thai and Foreign nationals from July 1
June 25, 20220

‘Rock on the Beach Music Festival’at Tacola Yacht Marinain Krabi this weekend
June 25, 20220

Pattaya gay parade emphasizes equality and commercialism
Barry Kenyon - June 25, 20220

Indian wedding and honeymoon market booming in Pattaya, Krabi, Koh Samui and Phuket
June 25, 20220
Contact Us Advertise Feedback
© 2016 Pattaya Mail Publishing Co., Ltd. All Rights Reserved.

[$Pistol Pete$]

Patience…we will get there some day soon

[RHF469usa]

Thanks for the update Pete.I believe there is a rainbow just over the horizon.

[$Pistol Pete$]

$TAWNF https://www.bangkokpost.com/business/2316198/airlines-strive-to-restore-their-prospects

[fnyack]

Try TD

[George1234]

Where do you buy?

[fnyack]

Alert! Alert! Alert!
A buying opportunity.

[~BC~]

Simple Flying: Back From The Brink: Thai Airways Restructuring Progressing Well.
https://simpleflying.com/thai-airways-restructuring-plan-progress/

[George1234]

Added back to the Watchlist, Loan approval soon ...

[~BC~]

Simple Flying: Thai Airways' Long-Awaited Return To Profitability In 2021.
https://simpleflying.com/thai-airways-results-show-a-return-to-profitability-in-2021/

[KeepOn]

Holy cow! Of course. I already own a tiny speck.

We shall see.

[George1234]

By the time I can buy on etrade, it will be a dime. Imo

[Smilin_B]

Thing is..

You cant

[fnyack]

She’s Alive!

[KeepOn]

A good time to buy.

[George1234]

We all know about this. The question is when it is going to be current.

[longboarder7892]

TAWNF

Warning! This security is eligible for Unsolicited Quotes Only

This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.

https://www.otcmarkets.com/stock/TAWNF/overview

[$Pistol Pete$]

Waiting for it to be compliance and she will be rock

[George1234]

Scotia iTRADE

[Smilin_B]

How are you people purchasing shares of TAWNF?

[fnyack]

Hey George, I don’t have a clue,

[George1234]

What would be the pps when she opens back on OTC? This is the key for all of us to reload at optimal price range.

[Steelyd3]

Stay tuned imo

[fnyack]

Up 100%, signs of life, time for a filing.

[George1234]

Would like to see THAI.BK relisted on SET and trade above 50THB in 2023

[Steelyd3]

It’s gonna be really good here George once tourism is back and travel is in high gear. IMO

[George1234]

Share cancelation due to BK reorg

[George1234]

No update on SET listing yet?