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https://links.sgx.com/1.0.0/corporate-announcements/IIB59YTS66PAS4GO/63834e995bc748881ebb07b613a77e2921d1918da3a24bd06b8c3b2d1fc41701
It is announcement of mtgs with note holders Mar 13-18. What's encouraging is that Ezion is working hard to breakout and survive. Hope the Yinson deal is alive and kicking. The oil price war and Covid-19 make it more imperative that they can come to win-win terms.
Sweementian ( Date: 14-Mar-2020 22:24) Posted:
Any link that you can share on the announcement?
rlong8288 ( Date: 14-Mar-2020 15:53) Posted:
| Should be Sept reference to yesterday SGX announcement |
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On Friday, prices were higher, rebounding after the United States and other nations signalled plans to support weakening economies. But Brent crude dropped 25 per cent on the week, the biggest weekly fall since the 2008 global financial crisis. On Friday, Brent rose US$0.63 to settle at US$33.85 a barrel.
US West Texas Intermediate (WTI) crude futures fell about 23 per cent on the week, their biggest percentage decline since 2008. WTI rose US$0.23 to settle at US$31.73 a barrel, after earlier gaining to US$33.87 a gallon.
Hopes for a US stimulus package that could ease an economic shock from the coronavirus provided some support to the oil and stock markets on Friday.
"There's hope that all the stimulus will stabilise the economy and offset some of the concerns about weaker demand and keep parts of the economy strong enough to support oil prices," said Phil Flynn, analyst at Price Futures Group in Chicago.
Saudi Arabia, the world's largest exporter, and the United Arab Emirates offered more oil to customers after the Organization of the Petroleum Exporting Countries' (OPEC) talks with Russia and others on supply restraint collapsed last week.
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In declaring a national emergency, Trump invoked the Stafford Act, which allows him to direct up to $50 billion in federal funds to states, territories and municipalities. Trump also indicated that interest would be waived on all student loans held by federal government and that the U.S. strategic petroleum reserve would buy a large amount of crude oil _.
TraderBen ( Date: 13-Mar-2020 23:40) Posted:
Stupid DT anyhow talk again. Hopefully not another -2000 at Dow tonight. If not it?s a black Monday.
Lucky03 ( Date: 13-Mar-2020 16:24) Posted:
| Good that the oil price is firmly above $32 and futures of Wall Street is positive more than 900 pts. |
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Same here. Oil is above $33 and Dow Future is positive of more than 1000 pts.
Sgvale ( Date: 13-Mar-2020 16:26) Posted:
Over weekend .Cautiously optimistic some positive news for oil
Sgvale ( Date: 13-Mar-2020 16:22) Posted:
| Saudi Arabia can't keep oil price low for long. Unless Saudi have no intention to divert their heavy reliance on oil to expand other industries for their economy. Current much of the country revenue is generated through the sales of oil. At some point will have to Russia cooperation to pop up oil price. |
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Good that the oil price is firmly above $32 and futures of Wall Street is positive more than 900 pts.
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All the more they need to hasten the merger to optimise resources and be more competitive.
ZERO99 ( Date: 13-Mar-2020 09:42) Posted:
How to win more contract?. Oil price so jialat now.
SMM already loss making before oil price crash.
Lucky03 ( Date: 13-Mar-2020 09:37) Posted:
Even if privatisation uses the company level of $0.93 as a gauge, should.be ok to pick up a few at current price and put aside.
Unlike Ezion who has to own vessels to charter out, SMM business is more in building so asset wise should be significantly lower relative to Ezion. It is more like Malaysia's Yinson but SMM is just not winning enough contracts.
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Even if privatisation uses the company level of $0.93 as a gauge, should.be ok to pick up a few at current price and put aside.
Unlike Ezion who has to own vessels to charter out, SMM business is more in building so asset wise should be significantly lower relative to Ezion. It is more like Malaysia's Yinson but SMM is just not winning enough contracts.
Lucky03 ( Date: 13-Mar-2020 08:48) Posted:
In its last financial statement, it stated nav is $1.03 and $0.93 at Group and Company level. Which should be used for such purpose of evaluation ?
TA_Expert ( Date: 13-Mar-2020 08:36) Posted:
NAV is just a magic number. It does not mean that the buyer has to offer above that.
Given that SCI is the major shareholder and is controlled by Temasek, it can garner enough votes to take SMM out. Some of the big funds will give in to Temasek demand. Only minority shareholders like retails may not agree on the selling price but they do not have enough votes.
Recent deal of UE was a classic example. It was sold at a discount because minority shareholders could not stop it |
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O&G counters esp SMM dropped much more furiously than others partly because of the double whammy of the oil price war. Seems that oil price is now holding above $31....
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In its last financial statement, it stated nav is $1.03 and $0.93 at Group and Company level. Which should be used for such purpose of evaluation ?
TA_Expert ( Date: 13-Mar-2020 08:36) Posted:
NAV is just a magic number. It does not mean that the buyer has to offer above that.
Given that SCI is the major shareholder and is controlled by Temasek, it can garner enough votes to take SMM out. Some of the big funds will give in to Temasek demand. Only minority shareholders like retails may not agree on the selling price but they do not have enough votes.
Recent deal of UE was a classic example. It was sold at a discount because minority shareholders could not stop it.
TraderBen ( Date: 13-Mar-2020 08:29) Posted:
| At least mus be more than nav right |
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I'm happy with what I bought this week. Just have to ride out the storm.
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The market crash and economy slow down will hasten merger to optimise cost and consolidate resources.
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There are definitely short sellers in this counter.
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Temasek doesn't run company. It invest for return on yield. If it gives up hope for any turnaround, it will liquidate to find ways to better deploy the funds. Perhaps the earlier they come to that conclusion, the earlier it will decide to sell off.
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Agree. Got to sell it soon before it rot further. NOL was a shame and now the guy is running SPH.
TA_Expert ( Date: 07-Mar-2020 18:23) Posted:
You are living in the past while the market is looking at the future.
There is no future for SMM. Most funds have exited, only gullible retails still holding to huge paper losses.
If you have friends working in SMM or SCI, you will know the culture, managemnet style, etc, and you will know why NOL failed while CMM could turn it around after buying it.
Lucky03 ( Date: 07-Mar-2020 17:09) Posted:
Imagine SMM used to be a darling stock trading $6 a decade ago. So much for long term investment of hold and keep. Wonder there is anyone holding hope for so long.
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$0.995 is historic low ? It will be moving into uncharted territory for wrong reason below that.
vivacious ( Date: 06-Mar-2020 10:18) Posted:
| .,....99.5c!! seriously... |
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Imagine SMM used to be a darling stock trading $6 a decade ago. So much for long term investment of hold and keep. Wonder there is anyone holding hope for so long.
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I've been adjusting my q price lower. Glad that I've 'not been successful' so far.
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And NOL
TA_Expert ( Date: 27-Feb-2020 17:57) Posted:
Of course they will do it. Buy at cheap price, why not?
Remember how much Ah Kong sold Charter Semi?
SgTrader17 ( Date: 27-Feb-2020 15:23) Posted:
| After you all have sold out, then they will come creepy to announce merger or takeover. Just wait and see. Tricky. |
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Sim Wong Hoo should just privatise it like BreadTalk.
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Nothing to look forward. The excitement with the new product is almost dead.
HendriJB ( Date: 21-Feb-2020 20:22) Posted:
Creative Incorporated in the Republic of Singapore Company Registration No.: 198303359D
Cessation of Quarterly Reporting
Creative Technology Ltd (the ?Company?) wishes to inform shareholders of the Company that following the amendments to the Singapore Exchange Securities Trading Limited (?SGX-ST?) Listing Manual (Mainboard Rules) (?Amended Listing Rules?) which have taken effect as of 7 February 2020, the Company will not be required to release its financial statements on a quarterly basis.
The Board of Directors of the Company has, after due deliberations, taking into consideration the compliance efforts required in connection with the quarterly reporting of the Company?s financial statements, decided not to continue with the quarterly reporting with immediate effect, and instead, the Company will announce the financial statements of the Company on a half-yearly basis, as required under the Amended Listing Rules.
In view of the foregoing, the Company will not be announcing its financial statements for the third quarter ending 31 March 2020, but will be releasing its financial statements for the full financial year ending 30 June 2020 by not later than 60 days after the end of the financial year.
Notwithstanding the foregoing, the Company will comply with its continuing disclosure obligations to keep shareholders updated as and when appropriate, should there be any material developments (financial or otherwise) relating to the
Company and its subsidiaries.
By Order of the Board
Ng Keh Long Company Secretary
21 February 2020
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