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FATABA Supreme	08-Jun-2020 15:17        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Thks bigbang ( I saw it later in the slide 7) ......which means . Huat for SCI shareholders.. 1. Assume the worst lowest number of shares....every 1000 SCI u will have 4270 SM shares.  ( assume only $0.20 then lol $854 minimum )  If the allocated number of shares is higher ..then yr $$ up ....also , I dont think it will drop to $0.20 per share for SM )  2. SCI also has a better report card n margin .....can expect better profit n hopefull dividend . GOOD luck n happy investing.  bigbang10      ( Date: 08-Jun-2020 14:47) Posted: Bro, for your query on the no. of Bonus shares to be alloted to existin SCI shareholders. Rationale as follows: For 427 shares:  Assumes SCI subscribes only for the SCI Pro Rata SCM Rights Shares and SCI Shares in issue is 1,786,708,391 (excluding treasury shares and assuming 1,133,461 SCI Shares have been issued under SCI&rsquo s RSP and SCI&rsquo s PSP on or prior to the SCI Record Date, fractional entitlements to bedisregarded)   For 491 shares: Assumes SCI subscribes for the Undertaking SCM Rights Shares of S$1.5 billion and SCI Shares in issue is 1,785,574,930 (excluding treasury shares and assuming no SCI Shares have been issued under SCI&rsquo s RSP and SCI&rsquo s PSP on or prior to the SCI Record Date, fractional entitlements to be disregarded) FATABA      ( Date: 08-Jun-2020 14:35) Posted: In short , the father decide to cut off the son ...let it run on its own  1. SM will b way diluted w rights issue . ( loan etc fm SCI will be settle thru the rights issue/  Temasek is helping it out w partial )  2. SCI shareholders will have a bONUS of 427/491 shares of SM with every 100 SCO share ...... why is there a range 427/491 shares instead of a fix number ??  ( this part need clarification ...anyone pls ?? )  3. So after all  the whole exercise ....SM shareholders will b very diluted and honestly price can stay low for a longer time  4. SCI can look forward now w SM cut off ...shareholders also given some bonus w the SM shares given ..... ( v positive as they get rick of the lost making SM n also get some shares/$$ eventually )  Over the wkend let see what the anlyse hv to say ....lol  Key highlights of the proposed Transaction   1. S$2.1 billion renounceable Rights Issue   &bull Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue   &bull 5 for 1 at S$0.20 per share  o 31.0% discount to TERP based on 5-day VWAP of S$0.745 o 35.1% discount to TERP based on last close of S$0.85 o 76.5% discount to last close of S$0.85 on 3 June 2020   &bull Sembcorp Industries has irrevocably undertaken to subscribe for its pro rata entitlement of S$1.27 billion and take up an additional S$0.23 billion if necessary &ndash a total commitment of up to S$1.5 billion    &bull Sembcorp Industries will set off its outstanding S$1.5 billion subordinated loan extended to Sembcorp Marine in June 2019 (the &ldquo Subordinated Loan&rdquo ), to subscribe for the Rights Issue the Subordinated Loan will convert into equity on Sembcorp Marine&rsquo s balance sheet   &bull Temasek has agreed to sub-underwrite the remaining S$0.6 billion of the Rights Issue with no sub-underwriting fees                                                                                                     4  Held by Temasek and its wholly-owned subsidiaries 5  73.0% discount to the 5-day VWAP, based on the 5-day period up to and including the last close as of 3 June 2020       4   2. Proposed Distribution of Sembcorp Marine shares to Sembcorp Industries shareholders   &bull After the completion of the Rights Issue, Sembcorp Industries  proposes to undertake a distribution of its stake in the recapitalised Sembcorp Marine to Sembcorp Industries  shareholders on a pro rata basis as dividends   &bull Sembcorp Industries  shareholders will receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay, depending on the total number of Sembcorp Marine shares held by Sembcorp Industries  after the Rights Issue   &bull The transaction will result in the demerger of Sembcorp Marine from Sembcorp Industries
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lawsershare Senior	08-Jun-2020 15:16        lawsershare About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you have SCI 100 shares - You will be given SM 427 shares = SGD85 If you have SCI 1,000 shares - You will be given SM 4270 shares = SGD 854 If you have SCI 10,000 shares - You will be given SM 42,720 shares = SGD 8544 (If EGM approved, theoretically, if SM trading @ 20cents, You may multiple your total number of SM shares with 20 cents) Look like SCI will be a Super demand stock of the year...
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danger Supreme	08-Jun-2020 15:15        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Post rights for SMM .. the slides shows a jump of 22% EPS for sembcorp FATABA      ( Date: 08-Jun-2020 15:09) Posted: Definately better for SCI .....reduce debt ,  ( if not wrong in the presentation slide is half ) Better margin as it dont hv to carry SM lost any further.  A better ROE is expected.  SCI shareholder can look forward to a better n stronger SCI now ....wow w India listing on its way as a catalyst . Dyodd Happy investing  Waterrat      ( Date: 08-Jun-2020 15:01) Posted: Positive for SCI , should see upside when resume
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pasttime Supreme	08-Jun-2020 15:14        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	good move. with this sci will be more like s defensive traditional energy business + future clean energy segment.
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Hello12345 Member	08-Jun-2020 15:10        Hello12345 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea when trading is going to resume?
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FATABA Supreme	08-Jun-2020 15:09        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Definately better for SCI .....reduce debt ,  ( if not wrong in the presentation slide is half ) Better margin as it dont hv to carry SM lost any further.  A better ROE is expected.  SCI shareholder can look forward to a better n stronger SCI now ....wow w India listing on its way as a catalyst . Dyodd Happy investing  Waterrat      ( Date: 08-Jun-2020 15:01) Posted: Positive for SCI , should see upside when resume
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Cherryredbibi Member	08-Jun-2020 15:09        Cherryredbibi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can?t imagine anyone wanting to sell SCI now. Also thinking that open will be high to flush out those shortists , feeling quite high now . Sorry ... I hate shortists ..
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trentlim Member	08-Jun-2020 15:07        trentlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Without the news & halt.. Therotically SCI should be minium 1.70 now With this.. 1.90 on open ? If tomorrow rally continues.. sigh..
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beng1102 Elite	08-Jun-2020 15:07        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That means ok!  Effective factored in by the market price so should be a positive for SCI shareholders. danger      ( Date: 08-Jun-2020 14:57) Posted: THE CURRENT TANGIBLE BOOK VALUE PER SHARE OF SCI IS $3.50 YOU TAKE OUT SEMBMARINE..EASILY ALSO HAVE $2+ beng1102      ( Date: 08-Jun-2020 14:55) Posted: If ex-right share price of SCI go down by 20cents then it has effectively transfer bad assets to the shareholders.
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Waterrat Veteran	08-Jun-2020 15:01        Waterrat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Positive for SCI , should see upside when resume
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danger Supreme	08-Jun-2020 15:01        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	You can see sembcorp share surging pre market open
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halleluyah Supreme	08-Jun-2020 15:00        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	so to sell semb ind now??/
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bigbang10 Veteran	08-Jun-2020 14:59        bigbang10 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No la, only SM shareholders can subscribe la. SCI shareholders already gettin free SM shares.  Anyway why u want to subscribe siah. SM wil be super diluated after all this Cherryredbibi      ( Date: 08-Jun-2020 14:42) Posted: This still have to go through egm. This is really the best outcome so hope not many ah siaos vote against until cannot pass. By the way, still not clear , whether we can subscribe to rights issue anot?
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danger Supreme	08-Jun-2020 14:57        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	THE CURRENT TANGIBLE BOOK VALUE PER SHARE OF SCI IS $3.50 YOU TAKE OUT SEMBMARINE..EASILY ALSO HAVE $2+ beng1102      ( Date: 08-Jun-2020 14:55) Posted: If ex-right share price of SCI go down by 20cents then it has effectively transfer bad assets to the shareholders.    danger      ( Date: 08-Jun-2020 14:53) Posted: Upon completion of the proposed transaction, Temasek will be a direct and significant shareholder of both SCI, of some 49.3% and SCM, of more than 29%
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iluvgambling Master	08-Jun-2020 14:56        iluvgambling About Contact  Quote this Post!
x 0   x 0  Alert Admin	i got 10000 SCI, can tell me how much i will huat ? superbDM      ( Date: 08-Jun-2020 14:47) Posted: SMM must pay to get shares. While SCI get SMM shares with no cash outlay. SMM share will be around 0.2 to 0.3 range. Huat!
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ICXGOLD Master	08-Jun-2020 14:56        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Getting 4x shares in SM is good but as SCI is in theory writing off its 2billion loan in return. Can anyone shed light on our new book value after the deal ?
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danger Supreme	08-Jun-2020 14:56        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Then you better pray massive jump in crude oil price to usd 80 or usd 100 By then sembmarine might be worth few dollars Laurenpanna      ( Date: 08-Jun-2020 14:54) Posted: if they really give me free shares, I don' t mind to hold and see how actualy ! danger      ( Date: 08-Jun-2020 14:50) Posted: If you got confidence in oil and offshore marine in next 2 to 3 years Your free 4500 shares of sembcorp marine may rally to $1 agai
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bigbang10 Veteran	08-Jun-2020 14:55        bigbang10 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCI shareholders will rec bonus shares of 427-491 shares (dependin on the rights subscription take up - i have explained in another post) of SM with every 100 SCI share. So if u have 500 SCI shares, u wil be entitled to 500/100 = 5 x (427-491 shares) in SM Dango95      ( Date: 08-Jun-2020 14:45) Posted: Small shareholder like me with only 500shares of SCI, is it correct to say that i' ll get 200~ SM? Sorry newbie here not really familiar with all these stuff, would be nice if someone can enlighten
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beng1102 Elite	08-Jun-2020 14:55        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If ex-right share price of SCI go down by 20cents then it has effectively transfer bad assets to the shareholders.    danger      ( Date: 08-Jun-2020 14:53) Posted: Upon completion of the proposed transaction, Temasek will be a direct and significant shareholder of both SCI, of some 49.3% and SCM, of more than 29%
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Laurenpanna Veteran	08-Jun-2020 14:54        Laurenpanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	if they really give me free shares, I don' t mind to hold and see how actualy ! danger      ( Date: 08-Jun-2020 14:50) Posted: If you got confidence in oil and offshore marine in next 2 to 3 years Your free 4500 shares of sembcorp marine may rally to $1 again ss2017.      ( Date: 08-Jun-2020 14:45) Posted: Can this company makes money in next three years? Revenue vs profit?
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