x 0

Agree.

The short position of 1-2 billion shares would be the rocket fuel. Round one in mid Nov.

Chagatai ( Date: 18-Oct-2021 16:09) Posted:

SPH drop from 4 to 1 then double to 2.. SMM will quadruple to 32

x 0

Exactly. The 1-2 billion shares short position will be the rocket fuel. All in good time.

CleanNGreen ( Date: 18-Oct-2021 12:43) Posted:

Gamestop AMC. Could Sembmarine be the perfect storm for the short sellers? Seems like there are numerous similarities? Moreover majority shares are own by TH, BB and long term investors. Once there is a good news, the BB and retairs would rush in. The short sellers might really be trap and force to buy up too?

x 0

Yup, above 9c by Dec. Til 3rd Q biz update, likely to stay low 8... The shortist is very short this counter. Likely 1-2 billion shares short. This would be the rocket fuel for the mega surge likely after year end reporting next Feb

Chagatai ( Date: 18-Oct-2021 10:33) Posted:

By Dec can see above 9-11 possibly uptrend after that I dunno but the window to buy is this week and next 8.1 can get then let velocity and acceleration do their thing

x 0

Merger proposal would not be tabled by Temasek until SCM closes in on the 30c mark.

investshare ( Date: 17-Oct-2021 18:35) Posted:

Thought this is going to merge with kom? Your target is before or after merger?

Chagatai ( Date: 17-Oct-2021 17:48) Posted:

Let us Make lots of Money from 8c to 30c and Beyond all in very good time as all the sum of the parts are coming in to place

x 0

06 Feb 2020

Print

Fulfilment of Conditions Precedent in Settlement with Sete Brasil

Singapore, February 6, 2020: Sembcorp Marine Ltd (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to its announcement of 7 October 2019 in relation to the settlement reached with various subsidiaries of Sete Brasil (the &ldquo Sete Group&rdquo ).

The settlement agreement for all contracts with the Sete Group is subject to certain conditions precedent being fulfilled. The Company wishes to inform that all conditions precedent have been fulfilled and the settlement agreement is now effective.

The Group will also terminate its arbitration proceedings against the Sete Group as part of the settlement agreement.

The Group is now in discussions with a potential purchaser for the completion of 2 drillships and will make the necessary announcement should such discussions progress to new orders for the Group.

With rig' s dayrate and utilisation rate improving by the month, a deal for the 6 Setes drillships on hand is immiment is the coming months.

Chagatai ( Date: 17-Oct-2021 13:35) Posted:

I buy SMM because I will sell at 30c minimum or above 30c that is all I can wait la see how it go

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Schottel Hybrid Drive used for ' World&rsquo s First' LNG Hybrid Tug built by Sembmarine

Singapore' s Sembcorp Marine chose Schottel&rsquo s azimuthal hybrid drive system SYDRIVE-E for the world&rsquo s first liquefied natural gas (LNG) hybrid tug. Image courtesy Schottel
Schottel&rsquo s azimuthal hybrid drive system SYDRIVE-E. Image courtesy Schottel

Singapore-based Sembcorp Marine chose Schottel&rsquo s azimuthal hybrid drive system SYDRIVE-E to power the world&rsquo s first liquefied natural gas (LNG) hybrid tug.

With this first in a series of 12 vessels, Sembcorp Marine will build the world&rsquo s first hybrid LNG-fueled tug fleet that will replace its existing diesel-powered tugs. The vessel is designed by LMG Marin, a wholly owned Sembcorp Marine subsidiary, and a leading naval architecture design house in Bergen, Norway, which provides energy efficient solutions.

The tug&rsquo s future operation profile in the harbors of Singapore will demand highly variable power ranges. Depending on the desired operating mode and the required propulsion power, the hybrid drive system activates the appropriate power source or both together. The LNG-fueled main engines and the electrical motors are both coupled to the SYDRIVE system and are designed to operate efficiently within their optimal load ranges,helping to reduce fuel consumption and emissions.

In terms of thruster integration, each upper gearbox offers two power input positions with an offset angle of +/- 90° for two power sources. An option with a +/- 135° offset angle is also available allowing even more design flexibility.

Sembcorp Marine&rsquo s hybridized Schottel RudderPropellers type SRP 430 will have a power intake capacity of about 2,000 kW each which will be fed by zero emissions electrical motors and/or low-emissions LNG main engines.

The 360-degree steerable SRPs combine maximum maneuverability and a high bollard pull as harbor operations require.

Singapore-based Sembcorp Marine chose Schottel&rsquo s azimuthal hybrid drive system SYDRIVE-E to power the world&rsquo s first liquefied natural gas (LNG) hybrid tug. Image courtesy Schottel

Schottel&rsquo s azimuthal hybrid drive system SYDRIVE-E. Image courtesy Schottel

better ( Date: 17-Oct-2021 13:25) Posted:

Sembcorp Marine Wins Dorado FPSO FEED Deal with Altera

OE Staff September 2021

Credit: Santos

Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia.

Dorado. located in the Bedout Sub-basin, offshore Western Australia, is an oil and gas project which is expected to have an initial oil production of 75,000 to 100,000 barrels per day, with subsequent development of significant gas resources

Altera Infrastructure, previously known as Teekay Offshore,last month secured the FEED contract from Santos for the Dorado FPSO

Now, Altera has awarded the FEED work to Sembcorp Marine' s Sembcorp Marine Rigs & Floaters unit.

Sembcorp Marine Head of Rigs & Floaters William Gu said: " We are excited to work with Altera Infrastructure and Santos to develop Dorado. The award of the FEED contract affirms Sembcorp Marine&rsquo s engineering, procurement and construction (EPC) capabilities, and reinforces our credentials as a leading engineering solutions provider for the offshore, marine and energy industries.&rdquo

The FEED work is expected to be completed by the second quarter of 2022. This is the Group&rsquo s third EPC project in collaboration with Altera Infrastructure, following the successful delivery of FPSO Pioneiro de Libra and FPSO Petrojarl Cidade de Itajai in 2017 and 2012 respectively.

A Final Investment Decision for the Dorado development is targeted for mid-2022.

better ( Date: 17-Oct-2021 13:20) Posted:

Some cashflow facts:

As at 31st Dec 2020
Cash and cash equivalent- $772 mil

As at 30th June 2021
Cash and cash equivalent- $788 mil

3 main reasons for the rights issue were:
1) They were coerced into providing a S$600mil yard financing to Transocean. (which is going to accelerate revenue recognition and help SCM to turn in a decent profit in HY2)
2) A lender refused to rollover a maturing loan of S$430mil.
3) Sembmarine are close to securing a few mega FPSO deals (Cambo, Wisting, Darodo,Napant) and need cash to kickstart these projects next year.

x 0

Sembcorp Marine Wins Dorado FPSO FEED Deal with Altera

OE Staff September 2021

Credit: Santos

Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia.

Dorado. located in the Bedout Sub-basin, offshore Western Australia, is an oil and gas project which is expected to have an initial oil production of 75,000 to 100,000 barrels per day, with subsequent development of significant gas resources

Altera Infrastructure, previously known as Teekay Offshore,last month secured the FEED contract from Santos for the Dorado FPSO

Now, Altera has awarded the FEED work to Sembcorp Marine' s Sembcorp Marine Rigs & Floaters unit.

Sembcorp Marine Head of Rigs & Floaters William Gu said: " We are excited to work with Altera Infrastructure and Santos to develop Dorado. The award of the FEED contract affirms Sembcorp Marine&rsquo s engineering, procurement and construction (EPC) capabilities, and reinforces our credentials as a leading engineering solutions provider for the offshore, marine and energy industries.&rdquo

The FEED work is expected to be completed by the second quarter of 2022. This is the Group&rsquo s third EPC project in collaboration with Altera Infrastructure, following the successful delivery of FPSO Pioneiro de Libra and FPSO Petrojarl Cidade de Itajai in 2017 and 2012 respectively.

A Final Investment Decision for the Dorado development is targeted for mid-2022.

better ( Date: 17-Oct-2021 13:20) Posted:

Some cashflow facts:

As at 31st Dec 2020
Cash and cash equivalent- $772 mil

As at 30th June 2021
Cash and cash equivalent- $788 mil

3 main reasons for the rights issue were:
1) They were coerced into providing a S$600mil yard financing to Transocean. (which is going to accelerate revenue recognition and help SCM to turn in a decent profit in HY2)
2) A lender refused to rollover a maturing loan of S$430mil.
3) Sembmarine are close to securing a few mega FPSO deals (Cambo, Wisting, Darodo,Napant) and need cash to kickstart these projects next year.

x 0

Some cashflow facts:

As at 31st Dec 2020
Cash and cash equivalent- $772 mil

As at 30th June 2021
Cash and cash equivalent- $788 mil

3 main reasons for the rights issue were:
1) They were coerced into providing a S$600mil yard financing to Transocean. (which is going to accelerate revenue recognition and help SCM to turn in a decent profit in HY2)
2) A lender refused to rollover a maturing loan of S$430mil.
3) Sembmarine are close to securing a few mega FPSO deals (Cambo, Wisting, Darodo,Napant) and need cash to kickstart these projects next year.

x 0

Hahaha hahaha...this is thhe funniest but most insightful comment of all time

stanleytay ( Date: 17-Oct-2021 12:20) Posted:

Are you sure you pity them or you are here rubbing on their pain... looks to me like the latter. Hope your " investment ' in Keppel will make money. Looking at the person you are, its not easy for you to make money. A normal and good person not vested in a stock wont camp here and talk it down.
Same goes to your so called buddies here.. Haha

ckmpd1 ( Date: 17-Oct-2021 12:17) Posted:

yes. Pity the long term SHs who trusted SMM mgmt. Thos days 2.1B shares. Now it is 31B share

x 0

While Temasek had forked out about $1 billion so far for the 2 rights issues, other shareholders (mostly institutions and big retail players) contributed about S$750 mil to the SCM' s coffer last month ($1.4billion over the 2 rights issue).

There is substantial fire power underneath this green baby that is just waiting for the right moment to ignite.

Temasek and other shareholders just bought 18 billion shares at 8 cents.

While the computer (algorithm program) is controlling the buy and sell queue now, the sell queues will mysteriously vaporise once the avanlanche of buying starts.

Sembmarine is likely to hold their cards close to chest at least until Q3 biz update in mid Nov. The next minor announcement will be for the delivery of teh Ropax ferries, which would bring in tens of millions of cash.

For those shouting no contract is likely half blind. Last year, nobody including Keppel OM got any substantial contract. Sembarine won Sofia. SCM won a long term cruise ship repair contract in Q2 and sealed the 2 Transocean drillships completion arrangement (That' s why they need extra manpower to deliver the drillships in the next half a year). Restarted Cambo design work, pending FID by this dec. Secured FEED for Darodo FPSO, 95% chance of starting construction by mid 2022. In the pole position for the Wisting FPSO bid which is a mega USD2-3 billion contract if deal can be confirmed by dec. And just last week, secured a Antarctic support vessel deal (should get the contract if they don' t demand too high a profit margin).

The only problem is that SCM do not have the manpower to start a new mega project at least until Feb next year.

x 0

SCM has $788 mil cash as at end of June.

Cash collections from the delivery of Tyra topsides and Hornsea substation and various repair and upgrade work would have added a few hundred millions to their cash holding.

Likely they would end the year with about S$1.5 billion cash plus minus

x 0

2 key factors why Sembmarine can win the Antarctic support vessel deal (worth about S$700-800mil):

1) Sembmarine owns LMG Marin, a leading ship design and engineering house based in Norway. Needless to say, their products are designed to withstand extreme cold.
2) Sembmarine owns Estaleiro Jurong Aracruz, which operates the biggest and most advanced yard in Brazil. EJA is likely the only yard in Brazil capable of undertaking construction of drillships, semi-submersible and jackup rigs, platforms and supply vessels, FPSO integration and topside modules fabrication effectively. (EJA will be the yard to beat for any deal that demand high local content to create more Brazillian jobs.

x 0

I rest my case on chart_expert123.

chart_expert123 ( Date: 16-Oct-2021 21:43) Posted:

Shipbuilding or construction sectors are this kind of tough environment which need to manage thousands workers in single project. So long as he can manage the project well and under his control and budget to complete the project, he deserve the position he served.

He may not be a good MP or Minister but he is definitely a good PM and GM, or else he won't be stepping thousands people and stay on top at his position now.

As what I know, keppels GM and PM are all like that, so don't work at keppel o&m or don't let your children to study engineering and work in this industry. 😁 😁 😁

better ( Date: 16-Oct-2021 21:36) Posted:

You might be right, after merger, just get current Keppel OM' s general manager Ivan Lim to head the operation, then all worker problems would be resolved. He would tekan the workers so hard that nobody would dare to make a sound, lest make a complaint.

Feedbacks from the internet on Keppel OM' s Ivan LIm

x 0

You might be right, after merger, just get current Keppel OM' s general manager Ivan Lim to head the operation, then all worker problems would be resolved. He would tekan the workers so hard that nobody would dare to make a sound, lest make a complaint.

Feedbacks from the internet on Keppel OM' s Ivan LIm

chart_expert123 ( Date: 16-Oct-2021 21:16) Posted:

This is serious issue. If no action taken further, another riot may happen and singapore gov hard to answer to China embassy. Singapore gov has commitment with various countries when import foreign workers to work in singapore.

Global may understand the difficulties to handle covid 19 cased. But food hygiene plus covid 19 late treatment cases happen at the same time just reflect the ignorance and ill treated human which destroy basic human right badly.

No matter how much gov promote singapore as one of the best handling covid 19 cases globally, this issue will destroy all the effort and money spend on creating the image.

ckmpd1 ( Date: 16-Oct-2021 19:00) Posted:

SMM is known to be having troubles, No one can deny that this workers' unhappiness has worsened it. SMM has apologised. That means the unhappiness was valid. Is this the tip of the iceberg of SMM' s problems. Many have warned of SMM' s undeclared problems showing with facts and statistics. There are some who are offended by the truths and prefer to argue against such truths with frivolous accusations. Laughabl

x 0

Smart move. Will triple in a year or two!

kenlian ( Date: 16-Oct-2021 19:43) Posted:

I am new here and not a SMM fan. Just bought few million shares. But i really can not take negative people giving unfair comment.

stanleytay ( Date: 16-Oct-2021 19:29) Posted:

Actually its one person posting with multiple accounts... you will notice if you are here long enough

x 0

Nobody knows the term of the merger.

Only chart_expert123 knows exactly how much Keppel corp going to receive for the sales of Keppel OM via number of SCM shares.

He is the smartest in this room.

chart_expert123 ( Date: 16-Oct-2021 10:55) Posted:

If Keppel?s new business arrangements with Sembcorp Marine are completed, the combined entity will be a listed entity and Keppel will receive shares and a cash consideration of up to S$500M (US$371M). Keppel intends to distribute to its shareholders all the Combined Entity shares it receives, according to a joint statement released by the two compaines.

Unquote‐ ----------------------------------

Combined entity is 50-50%. Time to wake up. Share price movement and low liquidity volume traded already started to priced in the mature of the Merger deal.

Keppel shares start moving up. If oil price continue to move up, prospect of the industry become better.

Use your brain to think. Keppel corp share price which holding 50% free shares plus 500mio dividend will go up or sembmar shares which will be wiped out from market and issue new shares at certain price will move up?

Keppel corp share price is on the rise, sembmar share price is completely stagnant.

Wake up, it is history known in July 2021. Now just waiting for MGO over and next is to vote to agree the deal by both parties, temasek hold 50% of sembmar will vote for yes definitely, the balance hold by institutes will follow too. Temasek only who hold 20% keppel Corp will vote for yes but has to please 80% of keppel shareholders which include institutes and 20-30 years long term shareholders. Don't forget 28bil shares of sembmar are new holders holding price at 8cents and 20cents free shares, only 2 bil is long term holders...

Above are just basic common sense and known, just you want to clear your mind and accept the fact only

chart_expert123 ( Date: 16-Oct-2021 10:42) Posted:

https://www.rivieramm.com/news-content-hub/news-content-hub/singapores-keppel-and-sembcorp-marine-in-talks-for-om-spin-off-and-merger-6629

x 0

Totally agreed.

tbooncho888 ( Date: 16-Oct-2021 11:11) Posted:

The funny thing abt stock or stock market in general is it does not follow democracy at the extreme turning point.

The majority' s view point is always wrong when looking back after the extreme point has passed. SM is definitely not at a high extreme point now, but at a low extreme point. So going by the time n again tested pattern, the answer will be obvious which side it will turn to, so as to conform to the extreme turning point' s pattern n pheonomenon, as like what has just happened in the Ventures share chart for its last 8 weeks of selling down, then one week of green candle wipes off 4 weeks worth of drops. And the funny thing for Ventures, is in fact the confirmation of IQOS ban by US govt coupled with the extreme low price of Ventures, which confirmed the low 17.37 was in....negative news n sentiments coupled w extreme low price = reversal imminent.....SM is in such situation now but got to stall or delay till at least 3rd Nov period......fwiw...

x 0

You must be hallucinating. Have you taken your medicine today?

Find me a post last month that I said 30c. My prediction post rights issue was for this baby to trade between 8 to 9 cents until 3rd Q update, maybe got chance to break 9c.

I believe you and chartexpert123 were shouting below 8 cents immediately post rights.

ckmpd1 ( Date: 15-Oct-2021 16:55) Posted:

I thought you were one of those shouting 30c soon for SMM last month. It is good to see that you are more realistic now

better ( Date: 15-Oct-2021 16:52) Posted:

Exactly. But I tend to lean towards Changtai' s view that nothing much would happen til 3rd Nov. Sembmarine is likely to hold their cards close to chest at least until Q3 biz update in mid Nov.

For those shouting no contract is likely half blind. Last year, nobody including Keppel OM got any substantial contract. Sembarine won Sofia. SCM won a long term cruise ship repair contract in Q2 and sealed the 2 Transocean drillships completion arrangement (That' s why they need extra manpower to deliver the drillships in the next half a year). Restarted Cambo design work, pending FID by this dec. Secured FEED for Darodo FPSO, 95% chance of starting construction by mid 2022. In the pole position for the Wisting FPSO bid which is a mega USD2-3 billion contract if deal can be confirmed by dec. And just last week, secured a Antarctic support vessel deal (should get the contract if they don' t demand too high a profit margin).

The only problem is that SCM do not have the manpower to start a new mega project at least until Feb next year

x 0

Exactly. But I tend to lean towards Changtai' s view that nothing much would happen til 3rd Nov. Sembmarine is likely to hold their cards close to chest at least until Q3 biz update in mid Nov.

For those shouting no contract is likely half blind. Last year, nobody including Keppel OM got any substantial contract. Sembarine won Sofia. SCM won a long term cruise ship repair contract in Q2 and sealed the 2 Transocean drillships completion arrangement (That' s why they need extra manpower to deliver the drillships in the next half a year). Restarted Cambo design work, pending FID by this dec. Secured FEED for Darodo FPSO, 95% chance of starting construction by mid 2022. In the pole position for the Wisting FPSO bid which is a mega USD2-3 billion contract if deal can be confirmed by dec. And just last week, secured a Antarctic support vessel deal (should get the contract if they don' t demand too high a profit margin).

The only problem is that SCM do not have the manpower to start a new mega project at least until Feb next year.

ICXGOLD ( Date: 15-Oct-2021 16:12) Posted:

Its not that I am in love with this SCM management, in all fairness this news is purely just targetting SCM by putting it in the headline. Of the 3400 foreign workers only 1400 are SCM so other companies are also involved. This is like a season to throw bad news as SCM. With regards to plight of the Foreign workers its a disgrace that this is happening here but thankfully people are stepping in to help. I Guess that social media platform is kinda fooooked not now in 6 months 😀 Back to SCM, Something is brewing only 30 M trades, with 60 million waiting to sell and a whopping 140M in buy..the Dam can burst anytime, the anticipation is killing me.

x 0

Agreed.

tbooncho888 ( Date: 15-Oct-2021 14:26) Posted:

sti is on the way up towards its wave 5 new high estimate by Q1 2022, so after 3rd Nov, likely for SM to go abv 8c instead of down below 8c, due to it play catching up w sti n other sg stocks, as well as the merger story effect will start to fest...mood for this stock will swing fast past 3rd Nov...in fact from now to 3rd Nov...the hands holding the 8/8.1c line will be shaking...