Latest Posts By sheerluck
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About sheerluck
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| 18-Aug-2020 09:11 |
Sembcorp Ind
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SembCorp Industries
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Wow.......looks like today will be any test of faith for SCI shareholders. | ||||
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| 15-Aug-2020 14:46 |
Sembcorp Ind
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SembCorp Industries
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But the process can really take sometime. TH has to " restart" the process of getting Keppel O& M out of Keppel again. Also start to look out for good price to accumulate Keppel.
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| 15-Aug-2020 14:30 |
Sembcorp Ind
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SembCorp Industries
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This SCM and Keppel merger potential can only benefit SCI shareholders who holds on to their SCM shares to see that day coming. Separately, in the long run, we should treat SCI separately from SCM. After the demerger and distribtuion-in-specie SCI NAV will be between 1.67 to 1.80. While NAV drops about 45%, their earning should be free from the drag of SCM. How should SCI be valued after the demerger? Based on the latest H2 results, it also seems like SCI performance excluding SCM is bad. Is it because of some exceptional items?
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| 11-Aug-2020 16:44 |
Sembcorp Ind
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SembCorp Industries
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Want to see at close, what is the price movment like. | ||||
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| 11-Aug-2020 15:40 |
Sembcorp Ind
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SembCorp Industries
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Maybe also due to forecast lower GDP growth.
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| 11-Aug-2020 15:27 |
Sembcorp Ind
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SembCorp Industries
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The sold volume is quite huge at 10mil as of now. This is unlikely to be retail selling. SO I suspect is BB forcing down price to collect cheap. Those on contra cannot tahan until 8 Sept will be forced to let go. Shortist I think unlikely given the cast-in-stone positive developments. See if price will eventually move up. | ||||
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| 11-Aug-2020 15:19 |
Sembcorp Ind
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SembCorp Industries
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The price movment is surprising. If drop after CDon distribution in specie, can understand. Now they sell, they are not entitled to the SMM shares from SCI. Funny. | ||||
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| 11-Aug-2020 10:14 |
Sembcorp Ind
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SembCorp Industries
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Think Keppel shareholders coming over to invest in SCI liao.... | ||||
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| 10-Aug-2020 14:14 |
Sembcorp Ind
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SembCorp Industries
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Based on SCI and SCM latest 2020 H2 results, after the recapitalisesation and demerger, based on scenario (1) SCI subscribe to its own entitlement, scenario (2) SCI subscribe to its own entitlement and assuming it needss to underwrite all that $0.6bil: Scenario (1) SCI NAV will be $1.80 SCM share distribution-in-specie will be 428 per 100 SCI shares Scenario (2) SCI NAV will be $1.67 SCM share distribution-in-specie will be 491 per 100 SCI shares So the net worth of a SCI shareholder after the transaction per SCI share is: scen 1 = 1.80f + 4.28s scen 2 = 1.67f + 4.91s where f is say the P/B prescribed to SCI after recap and demerger and s is the SM price after recap and demerger So if market gives SCI P/B =1 and SCM at 20cts, then both scen gives $2.65. SCM NAV after the right issue should be around 32cts. So say if market prescribes a 50% discount to SCM BV, then s will be 16cts and say if market prescribes a 20% discount to SCI BV, the SCI net worth will be ard $2.12. Now what will f and s be?? Theoratically, this exercise benefit SCI by separating out SCM from it and benefits SCM by converting its $1.5bil debts into equity. Effectively, we can also see it as SCI shareholder has already subscribed to SCI rights and the outcome is also having SCI NAV dropping from $3.18 to $1.80/$1.67. So looking at that $1.40/$1.50 drop in NAV, the sacrifice from SCI shareholders are also quite obvious. One interesting fact that I noticed about SCM is that it has largely trade above P/B =1 but SCI has been around 0.85 up until COIVD hits. It seems like the poor SCM performance has hit SCI more than SCM itself. Rather strange. Anyone can offer a convincing argument for this? |
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| 31-Dec-2019 15:37 |
Sino Grandness
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Ipo of Garden Fresh Count Down?
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Wow this coy still around???? SinoG learnt from its past mistake. Now announce first before price plunges again due to third party news on defaulting on its loan (as it always does). Last round, they thought the Thais easy to push ard or buy into their sweet talk but the Thais retaliated. Then price plunged until holland. I think it is time for SinoG to do a 10:1 consolidation to " make" the price " prettier" .
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| 30-Aug-2019 16:31 |
Rex Intl
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Rex International
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What can I say. Considered very peacful liao... | ||||
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| 30-Aug-2019 16:29 |
Alita Resources
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Alliance Mineral the next Blue Chip - TP 1.50
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UPDATE ON LOAN FACILITY AND APPOINTMENT OF RECEIVERS AND MANAGERS Alita Resources Limited (administrators appointed) (receivers and managers appointed) (ASX: A40 SGX: 40F) (Company) refers to its announcements on 18 August 2019, 21 August 2019, 26 August 2019 and 29 August 2019, regarding the secured A$40 million loan facility (Facility), now with Galaxy Resources Limited (Lender) . The Company received a notice of default from the Lender on 29 August 2019 as a result of the appointment of Administrators on 28 August 2019 (refer to announcement dated 29 August 2019). Following the event of default, the Lender declared that all moneys owing under the Facility including interest are immediately due and payable. The Lender has also on 29 August 2019 appointed receivers and managers (refer to the attached announcement). The Company will make further announcements when there are material developments ************************************************************************************************************************************************************* Must be the joke of the century. I thought Galaxy will support Alita but becos Alita act smart appoint administrator, Galaxy tulan and now wants their money back. This time Alite really can close shop. Wonderful mgmt. Pocketed huge pay now just let Alita rots. Those who think this mgmt deserves their pay cheque have to think again.
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| 30-Aug-2019 13:18 |
Rex Intl
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Rex International
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Round 2 Fight! | ||||
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| 30-Aug-2019 10:33 |
Rex Intl
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Rex International
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Possible. The other possible thing is Ducky goes crazy mode again.
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| 30-Aug-2019 10:08 |
Rex Intl
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Rex International
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Not surprising. Come 1 Sep, US tariff on China goods will take effects but Market is hopeful that Ducky will show " mercy" at the 11th hour. If so, come Monday Market will fly. If not whatever market gain so far has to be returned. So now short will cover some while long will offload some. No one dares to hold too large a position. |
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| 30-Aug-2019 09:56 |
Rex Intl
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Rex International
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Yet another peaceful day for Rex. | ||||
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| 29-Aug-2019 21:08 |
Sino Grandness
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Ipo of Garden Fresh Count Down?
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9 months for SinoG to show true color. Hopefully not the deadline-due-then-delay-until-cannot-delay again scenario. Now whether in the end GF listed or not is not important. Now is how the price react to this very " short and simple no details" announcements during this 9 months. Be smart about it.
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| 29-Aug-2019 15:54 |
Rex Intl
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Rex International
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SG market also same pattern. Only interesting before 10am and after 3pm...... | ||||
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| 29-Aug-2019 15:39 |
Others
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SGX really Suspense Heaven
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Waiting for SGX to suspend. | ||||
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| 29-Aug-2019 15:37 |
Alita Resources
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Alliance Mineral the next Blue Chip - TP 1.50
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Maybe still got hope? Galaxy took over debt now just need to pump in more money....unless they want shareholder to open pocket.......probaly raise about $200 mil can liao. Can last for a year. | ||||
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