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Quadruple confirmed. Undisputed winner of the Most Sneaky bear award!
Likely paid well by the Shortist is do his sneaky work here.
Starship ( Date: 15-Oct-2021 15:18) Posted:
Transfer of COVID-19 cases from Jurong dormitory delayed due to ' spike' among Sembcorp Marine workers, says operator
15 Oct 2021 12:26AM
SINGAPORE: The transfer of COVID-19 cases from a migrant workers' dormitory in Jurong to recovery and healthcare facilities was delayed due to a " spike" in infections among Sembcorp Marine workers, the dormitory operator said on Thursday (Oct 13).
Centurion Corporation, which operates Westlite Jalan Tukang dormitory, said in a statement that it wanted to provide " context and clarity" to claims made in relation to Sembcorp Marine workers living at the dormitory.
The Ministry of Manpower (MOM) on Wednesday said it sent officers from its Forward Assurance and Support Teams (FAST) to investigate allegations about breaches of COVID-19 health protocols, a lack of access to medical support and the poor quality of catered food at the dormitory.
The claims were published in an online article on Weixin, the domestic version of WeChat used in China.
Westlite Jalan Tukang dormitory saw heavy security presence on Wednesday afternoon, with armoured riot police and Special Operations Command vehicles deployed.
The dormitory has a capacity of 3,400 beds, of which 40 per cent - about 1,400 beds - are occupied by Sembcorp Marine workers, said Centurion on Thursday.
" Over the past week, there has been a spike in cases detected among Sembcorp Marine workers. Due to the large numbers, there have been delays in conveyance to recovery facilities and healthcare facilities," said the operator.
Centurion said it has been working closely with MOM' s Assurance, Care and Engagement (ACE) Group to " overcome the logistical challenges posed by this recent increase" in COVID-19 infections.
It said all the cases have been taken to the appropriate care or recovery facilities, and added that ACE Group has deployed a mobile medical team at the dormitory.
" ACE, Sembcorp Marine and Westlite together are also adding efforts to educate the migrant worker residents on testing and health management policies and protocols, as defined by the Singapore authorities, which differ from perspectives from their home countries and cultures," said Centurion.
The operator said COVID-19 testing and movement protocols " have been followed at Westlite Jalan Tukang and are being followed" .
" Westlite Accommodation enforces safe living measures at the dormitory, and works closely with the authorities who are maintaining a tight surveillance on migrant workers who test positive for COVID-19," it said.
CATERED FOOD
Centurion also responded to claims about the poor quality of food catered for workers at the dormitory.
" Catered meals for Sembcorp Marine workers staying in Westlite Jalan Tukang are provided and managed by Sembcorp Marine," said the operator.
" We understand the company has listened to feedback from their workers, has made adjustments and will continuously improve their catering provider' s service and food quality."
Delineating its responsibilities as an accommodation provider, Centurion said its role was to " provide good quality living environments to all our residents" and " assist in the distribution or collection of meals catered by employers for their workers residing with us" .
It said its role was also to " help coordinate between the authorities, health providers and employers around measures to contain and manage COVID-19" .
https://www.channelnewsasia.com/singapore/westlite-jalan-tukang-dormitory-sembcorp-marine-migrant-workers-covid19-2244771 |
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Agreed totally. Another very sharp comment. A breathe of fresh air.
Chagatai ( Date: 15-Oct-2021 11:52) Posted:
| Before Nov 1st in my opinion it will still be 8-8.1 got about 2 weeks to buy more. I will go in half again next week my window closing. The other half just in case drop below 8 although very unlikely but even if it does it will not stay below 8 for long unless someone shouts Recession in the US UK Europe and Asia then everything else also will drop in tandem |
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I would join you soon. Waiting for some money to come in. 
Eager to see who the shortist is working with.
pkli899 ( Date: 15-Oct-2021 11:00) Posted:
Because of this statement I' m in Q to buy more.
better ( Date: 15-Oct-2021 10:12) Posted:
| A very sober assessment....spot on |
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Chagatai ( Date: 15-Oct-2021 10:08) Posted:
| This price is a gift to those who have never own this stock before. The first time Semb marine investor go in at 8.1 is a very fortunate person. No need any sacrifice like the old timers |
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A very sober assessment....spot on!
Chagatai ( Date: 15-Oct-2021 10:03) Posted:
| Because all oil counters mostly all bankrupt last few years. Semb marine very lucky got rich relatives come to rescue. The rescue still in progress. In 3 weeks will come out of ICU. Then recovery process begin then can get stronger improve and move on UP |
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pkli899 ( Date: 14-Oct-2021 22:35) Posted:
Dorm operator more at fault, rather than SM.
Those against SM will take every opportunity to shoot down.
欲 加 之 罪 何 患 无 辞 。 |
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Wrong again, Temasek only forked out about $1 billion so far for the 2 rights issues.
Do get your facts rights before you comment.
It is ok to predict SCM going to 5-6 cents. Anyone on this free forum at throw in their price prediction. But make sure you get the facts right. It is very irritating to keep hearing you repeat the wrong info.
chart_expert123 ( Date: 14-Oct-2021 19:58) Posted:
Keppel o&m is definitely more valuable than sembmar. Based on current order book, it is so obvious. Sembmar is the one need the Merger to be bailed out.
Temasek already vomit 3.5bil cash and wanted to stop it. Merger with keppel o&m is to expect keppel o&m DNA can rescue temasek stop bailing out sembmar with cash.
Temasek hold 50% have better command to ask sembmar shareholders to shut their mouth, at the same time have to please 80% of keppel Corp shareholders to accept the deals.
As such the deals will be minimum, 50% free shares to keppel Corp shareholders plus 500mio cash. So keppel shareholders will be pleased with extra dividend in cash plus free shares from sembmar as minimum conditions to discharge keppel o&m and merge with sembmar.
All sembmar shares will be consolidated and issue 50% to keppel Corp shareholders and 50% to sembmar shareholders. I even believe the name of the company after Merger may be changed to keppel o&m and sembmar will be disappeared from history.
chart_expert123 ( Date: 14-Oct-2021 19:51) Posted:
| 🤣 🤣 🤣 . Your 1 to 3 are completely opposite to a common sense 🤣 🤣 🤣 🤣 |
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You are right. Therefore merger is not likely to happen until SCM reaches 20 cents or so.
Oxtail ( Date: 14-Oct-2021 20:03) Posted:
Because TH owns 20% of Kepel and 46.6% of SCM.
I thought TH will push up the SCM price to have a better bargaining power.
But instead of pushing up, they suppressed it.
If they merge base on scm 8c share price, we are giving keppel shareholders 70%discount
Current pb is 0.38
better ( Date: 14-Oct-2021 18:42) Posted:
You are confused. The 50-50% JV company between SCM and Keppel is not referring to the merger. It is after the merger (terms not confirm yet. maybe SCM would issue 10% more shares+$500mil cash to buy over Keppel OM' s yards). Two facts we know for sure
1) Temasek is a tough bargainer.
2) Temasek owns 20% of Keppel and 46.6% of SCM.
If you are Temasek, who do you want to get a better deal during the merger?
After merger, SCM and Keppel Corp will form a 50-50% JV company. Any offshore project that Keppel embark thereafter will be executed through this co-owned JV company as Keppel corp cannot take on anymore " offshore" project on its own after the sales of Keppel OM |
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Temasek support the two rights issues because they stand to gain from them as they have the resource to subsribe for excess rights. They are self serving.
Simply, SCM getting fair or better merger terms than Keppel will benefit Temasek. And you can trust Temasek to look after their own interest.
chart_expert123 ( Date: 14-Oct-2021 20:07) Posted:
Temasek and sembmar management is never pleased you or ask your permission to issue rights 2 times. What make you think that sembmar shareholders will be pleased in the Merger deal?
Without this merger deal, sembmar will issue another rights and seek for temasek funding again. This is temasek want to avoid and demand a merger with keppel o&m.
Months ago, I already said Don't waste your money on sembmar above 8cents. You either buy sembmar share at 5cents if it really drop till that level or buy keppel Corp.
chart_expert123 ( Date: 14-Oct-2021 19:58) Posted:
Keppel o&m is definitely more valuable than sembmar. Based on current order book, it is so obvious. Sembmar is the one need the Merger to be bailed out.
Temasek already vomit 3.5bil cash and wanted to stop it. Merger with keppel o&m is to expect keppel o&m DNA can rescue temasek stop bailing out sembmar with cash.
Temasek hold 50% have better command to ask sembmar shareholders to shut their mouth, at the same time have to please 80% of keppel Corp shareholders to accept the deals.
As such the deals will be minimum, 50% free shares to keppel Corp shareholders plus 500mio cash. So keppel shareholders will be pleased with extra dividend in cash plus free shares from sembmar as minimum conditions to discharge keppel o&m and merge with sembmar.
All sembmar shares will be consolidated and issue 50% to keppel Corp shareholders and 50% to sembmar shareholders. I even believe the name of the company after Merger may be changed to keppel o&m and sembmar will be disappeared from history.
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You are confused. The 50-50% JV company between SCM and Keppel is not referring to the merger. It is after the merger (terms not confirm yet. maybe SCM would issue 10% more shares+$500mil cash to buy over Keppel OM' s yards). Two facts we know for sure
1) Temasek is a tough bargainer.
2) Temasek owns 20% of Keppel and 46.6% of SCM.
If you are Temasek, who do you want to get a better deal during the merger?
After merger, SCM and Keppel Corp will form a 50-50% JV company. Any offshore project that Keppel embark thereafter will be executed through this co-owned JV company as Keppel corp cannot take on anymore " offshore" project on its own after the sales of Keppel OM
chart_expert123 ( Date: 14-Oct-2021 14:41) Posted:
The deal with keppel may come in anytime, may be earlier than we think.
Shares will be consolidated and reissued again with Keppel O& M Merge deal. Highly likely a 50-50%. 50% for Sembmar existing shareholders, 50% for keppel corp shareholders.
Price is stagnant, Big players know what is happening, volume so low
TigerPlay ( Date: 14-Oct-2021 11:42) Posted:
| True oso leh, I took out some money from sale of SCM, manage to make back from Kep after selling today, if not my dole still stuck in SCM, not making any money. Hopefully, this frozen counter start to move soon, if not our money are not generating more profit, oredy loss so much in this fella liaow, abit dishearten laio |
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Me too!
Chagatai ( Date: 14-Oct-2021 10:02) Posted:
| I will go in more next week |
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If contract negotiations with Sembmarine are not successful, the Brazilian Navy reserves the right to initiate negotiations with other bidders whose proposals remain valid until July 2022.
At least one to two months before contract terms are finalised. If they work fast, maybe can announce i n 3rd Q biz update in mid Nov.
Joelton ( Date: 14-Oct-2021 08:54) Posted:
Sembmarine in negotiations with Brazilian Navy for vessel construction contract
SEMBCORP Marine (Sembmarine) Sembcorp Marine: S51 +1.25% is in negotiations with the Brazilian Navy for a contract involving the construction of an Antarctic support vessel. The support vessel project, Projeto Navio De Apoio Antartico (NApAnt), is part of the Brazilian Navy' s research vessel project, a company spokesperson said in response to queries from The Business Times on Wednesday (Oct 13).
The contract involves two of Sembmarine' s wholly-owned subsidiaries: Estaleiro Jurong Aracruz and Sembcorp Marine Specialised Shipbuilding.
Sembmarine' s proposal was identified by the Brazilian Navy as the " best offer" based on four factors: vessel performance, business financial model, construction methodology, as well as life cycle management and integrated logistics support, said the spokesperson.
Negotiations have commenced with EMGEPRON for a contract award by June 2022, with construction to commence in 2022 if negotiations are successful. The value of the contract was not disclosed.
EMGEPRON, or Empresa Gerencial de Projetos Navais, is a state-owned company linked to the Ministry of Defence of Brazil through the Command of the Navy.
If contract negotiations with Sembmarine are not successful, the Brazilian Navy reserves the right to initiate negotiations with other bidders whose proposals remain valid until July 2022.
According to a Brazil news site, NApAnt will replace an ocean support vessel that is approaching the end of its life cycle.
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2 key factors why Sembmarine can win the Antarctic support vessel deal:
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)
pkli899 ( Date: 13-Oct-2021 20:39) Posted:
Bro Better said this contract worth about 700 - 800 m.
Probably not big enough to push up price by 2 cents la.
honesty ( Date: 13-Oct-2021 20:14) Posted:
SEMBCORP Marine (Sembmarine) Sembcorp Marine: S51 +1.25% is in negotiations with the Brazilian Navy for a contract involving the construction of an Antarctic support vessel. The support vessel project, Projeto Navio De Apoio Antartico (NApAnt), is part of the Brazilian...
will this pump up beyong 0.10, gurus please advise thanks |
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You managed to wake Ben Paul from his slumber.
He is probably following this forum very closely...
ICXGOLD ( Date: 11-Oct-2021 11:31) Posted:
| Think we need to email Ben Paul ? To wake him up |
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Yup, green for the day. A black swan event.
Maybe would be up 0.1 cent every day from now on.
ICXGOLD ( Date: 13-Oct-2021 17:00) Posted:
| For the first time in days buyers are more than sellers today. So hopeful of something this week |
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After some research, it is my estimate that the contract value for the Napant Antarctic vessel is about S$700-800 million.
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First, SCM has $788 mil cash as at end of June.
Those items you mentioned are cash outflow. Regulation dictates that a listed company has to account for every single cent raised from rights issue. So they have to make the cash outflow announcements now and then until all cash raised are accounted for.
But cash inflow items are not mentioned at all. 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.
vicloo ( Date: 12-Oct-2021 22:19) Posted:
Not so fast ya... 1.5B already spent 0.43B (news-1). Only left 1.07B...like that need to issue right issue soon... Last rights spent till left 160M (news-2).. Before new money in. Warning sign 200-300M left maybe 😉
1)SembMarine uses $430.0 mil of net proceeds from rights issue to repay loan facility
Felicia Tan Published on Mon, Sep 27, 2021 / 7:21 AM GMT+8 / Updated 2 weeks ago
2)Sembmarine depletes remaining S$160m of cash proceeds from 2020 rights issue
TUE, SEP 21, 2021 - 8:17 AM
better ( Date: 12-Oct-2021 22:03) Posted:
Next time if you see SCM' s cash below $1,000,000,000 ($1 bil) it is a warning sign another rights issue may be coming...
When they called for the 2nd rights issue, they had $788,000,000 ($788 mil) in cash |
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Next time if you see SCM' s cash below $1,000,000,000 ($1 bil) it is a warning sign another rights issue may be coming...
When they called for the 2nd rights issue, they had $788,000,000 ($788 mil) in cash.
vicloo ( Date: 12-Oct-2021 21:11) Posted:
Definitely sell b4 next rights issue... That's for sure... When you see cash less than 100M, is the warning sign... Pray Post-merger with KOM... Never need another rights issue.
share456 ( Date: 12-Oct-2021 20:33) Posted:
as long as SCM is not profitable until 2023, any fund can short it to below 8 cents when there is bad news.
if there is another right issue in 2022, it can easily drop to 6 or 5 cents.
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Bear in mind that, ex Temasek, other shareholders (mostly institutions and big retail players) contributed about S$750 mil to the SCM' s coffer last month.
There is substantial fire power underneath this green baby that is just waiting for the right moment to ignite. As drunkard Changtai predicted, all in good time!
MANFREDTMK ( Date: 12-Oct-2021 18:17) Posted:
I hope it's zero risk by now. Setting the Rights price at 8 cents caused the price to fall to 8 cents. Everyone has already lost all their shirts and pants at this price. Hope our G-string can remain intact, 😭 😭 😭
honesty ( Date: 12-Oct-2021 12:10) Posted:
| there many believers in smm with soverign TH support. can hold long it will benefit long term holders, for short term, it is just a plaything for short break expenses. soverign institutions have a fiduciary duty to defend their investments and report to their bosses in the respective ministries who in turn are accountable to citizens.zero risks actually afterall for investors of stocks with soverign investments albeit local stock |
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Of course not retailer. it is the computer (algorithm program). If you start buying in millions, the sell queue will mysteriously vaporise..
Try it and see.
andysim83 ( Date: 12-Oct-2021 11:16) Posted:
lol...shiity company and singapore market...that why nobody want to list in SG..waste of time..90 million sell queue..lol u think is retailer?
share456 ( Date: 12-Oct-2021 11:04) Posted:
Since SCM cannot move up above 81 or 82 cents, it should be waiting to drop below 8 cents after the MGO expires after 3 Nov.
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About better
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