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cucina Master	09-Jun-2020 13:48        cucina About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Waiting for Europe to open n its reaction .   Yay!
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arctician1982 Senior	09-Jun-2020 13:46        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yea agree he raised valid points. Surprising thing is even SMM rising up, look like Temasek backing suddenly reduce the insolvency risks associated with SMM Value of SCI and SMM all got unlocked.
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lovetoshare Elite	09-Jun-2020 13:43        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	We should thanks this bro for highlighting all the main crucial points after reading all the slides... Don' t quarrel. He meant well for the rest of the new guys. But one important point he missed out, this train is unstoppable ( no logic but that is how it works )...   trentlim      ( Date: 09-Jun-2020 13:31) Posted: Change your name to fundamental 0 Glad u missed the boat on this one !  Sabo yourself can liao don' t sabo others   fundamentalhero      ( Date: 08-Jun-2020 23:09) Posted: Finally people with wisdom talking all the hyped talk and hidden intentions. Not vested nor will be vesting. have just totally exited the market happily. please understand this. When comes to bankruptcy, the pecking order of claims worker salary, debtors ( junior senior secured), perps, then finally shareholders. These paper general worked thing out in a manner obviously to save SMM at the expense of SCI. but people too blind to see except for the free shares (yay free shares!) understand then that you have effectively exchanged revenue generating debt  on book to holdings to be given out (as not dividends i will say but literally the word recapitalisation) SCI giving out of SMM shares to SCI holders is sort of like passing the hot potato to shareholders. generally from rating POV, SMM is good SCI not so. it is evident throughout the whole 3 pdf that they are talking about the benefits mainly to SMM, not SCI. only good thing about this that SCI no longer needs to shell out more money on SMM but as mentioned by octavia (someone talking with brains finally) is that SCI can focus on its ops. it will walk away with reduced debt (along with write down in assets - sort of like giving out retained earnings but via SMM) and without SMM drag it looks cleaner and better But debt over hang is still overkill and NAV is $1.94 la kns. those ppl stop giving your own figures.page 22 of the ppt knn you smarter than all these restructure pros and counters is it. ppl tell you pro forma and work out to the bone liao you still shouting $2.38 $2.38. please stop masking your intention to hype it up for exiting with such comments be contributive. (not saying it will go up or down but seriously a lot of newbies here and all these movements can really harm them if never tell properly) Financial Information. Based on the audited consolidated financial statements of the SCM Group for the financial year ended 31 December 2019 (&ldquo SCM FY2019 Audited Consolidated Financial Statements&rdquo ) as set out in SCM&rsquo s annual report for FY2019, and the Existing SCM Share Capital, the net tangible asset (&ldquo NTA&rdquo ) value per SCM Share is approximately S$0.92. Based on the SCM FY2019 Audited Consolidated Financial Statements, the loss before income tax and minority interests of SCM is S$177 million.  Upon recapitalisation, SCM&rsquo s:  Net gearing1 will be reduced from 1.82x to 0.45x  NTA2 improves from S$1.9 billion to S$4.0 billion Improves returns and strengthens the balance sheet from the deconsolidation of SCM  Increase in proforma ROE (3.5%1 to 7.9%2 ) and ROA (3.5%1 to 5.6%2 )  Significant reduction in debt levels by S$2.9 billion2  Proforma net debt-to-EBITDA ratio3 improves from 6.4x 1 to 5.0x 2 DRAFT 05.06.2020 22 2. Impact on NAV and NAV per Share. The pro forma financial effects of the Transaction on the NAV and NAV per Share of the SCI Group as at 31 December 2019 are as follows: Before the Transaction After the Transaction As reported for FY2019 SCI subscribes only for the SCI Pro-Rata SCM Rights Shares SCI subscribes for the Undertaking SCM Rights Shares NAV1 to equity holders (S$ million) 6,871 4,264 4,038 NAV per Share2 (S$) 3.85 2.39 2.26 NAV1 (excluding perpetual securities) to equity holders (S$ million) 6,070 3,463 3,237 NAV (excluding perpetual securities) per Share2 (S$) 3.40 1.94 1.81 Notes: (1) Computed as total assets less total liabilities and non-controlling interests. (2) The figures are based on the issued share capital of 1,785,574,930 SCI Shares (excluding treasury shares) as at 8 June 2020. 3. Impact on NTA and NTA per Share. The pro forma financial effects of the Transaction on the NTA and NTA per Share of the SCI Group as at 31 December 2019 are as follows: Before the Transaction After the Transaction As reported for FY2019 SCI subscribes only for the SCI Pro-Rata SCM Rights Shares SCI subscribes for the Undertaking SCM Rights Shares NTA3 to equity holder (S$ million) 6,238 3,891 3,665 NTA per Share4 (S$) 3.49 2.18 2.05 NTA3 (excluding perpetual securities) to equity holder (S$ million) 5,437 3,090 2,864 NTA per Share4 (S$) 3.04 1.73 1.60 Notes: (3) Computed as total assets less total liabilities, goodwill, intangible assets and non-controlling interests. (4) The figures are based on the issued share capital of 1,785,574,930 SCI Shares (excluding treasury shares) as at 8 June 2020 not an inducement to buy or sell. but with comments mainly shouting and hyping up up up it is good to have someone say REAL  pain points that there is also possibility that the share prices U-turn upon people and funds dissecting the recapitalisation plans. nothing personal and no i have not shorted or long this share. from the start, I select CDG, SCI and SATS in the following order of preference (SATS is surprisingly outperforming though) but have since exited the market. money in pocket is bird in hand
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Sin_Cos_Tan Veteran	09-Jun-2020 13:43        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	For further details, please read the APPENDIX PRO FORMA FINANCIAL EFFECTS  DYODD! FATABA      ( Date: 09-Jun-2020 13:35) Posted: Kindly advise if it include the FREE SMM share which conservatively est $900 in this NAV u hv ?  Thks  Sin_Cos_Tan      ( Date: 09-Jun-2020 13:26) Posted: PRO FORMA FINANCIAL EFFECTS Impact NAV per Share.  NAV (excluding perpetual securities) per Share Before the transaction  : $ 3.40 Afer the transaction : SCI subscribes only for the SCI Pro-Rata SCM Rights Shares :$1.94 SCI subscribes for the Undertaking SCM Rights Shares : $1.81
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Calmroom Master	09-Jun-2020 13:43        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Clever BBs likely know they might ' sabotage' the whitewash vote if they keep both share prices high. I hope this is not for temporary  distribution to bullish  retail investors. Not sure, so I intend to wait.   wehuattogether88      ( Date: 09-Jun-2020 13:06) Posted: It depends on how high SCI can go, SMM will move in relation to a secret price ratio with SCI which we all have no idea Calmroom      ( Date: 09-Jun-2020 13:01) Posted: In my humble opinion, the higher SMM goes, the lower the chance of the whitewash getting approved by minority shareholders.
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halleluyah Supreme	09-Jun-2020 13:42        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope they will whack cross 3 lollar.... ICXGOLD      ( Date: 09-Jun-2020 13:28) Posted: People at working at MSCI are a bunch of idiots. Their poor judgement cost a lot of people to sell and miss out.
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danger Supreme	09-Jun-2020 13:41        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	$2.01 Stocky901      ( Date: 09-Jun-2020 13:39) Posted: Support at what price? danger      ( Date: 09-Jun-2020 13:29) Posted: TIME TO UNLOAD ???!!
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weekaykee Master	09-Jun-2020 13:39        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	It gave others an oppurtunity to make good $$. ICXGOLD      ( Date: 09-Jun-2020 13:28) Posted: People at working at MSCI are a bunch of idiots. Their poor judgement cost a lot of people to sell and miss out.
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Stocky901 Supreme	09-Jun-2020 13:39        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Support at what price? danger      ( Date: 09-Jun-2020 13:29) Posted: TIME TO UNLOAD ???!!
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naoshingo Elite	09-Jun-2020 13:37        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today trade at $2.20 What would be the price like if trading at Cum Bonus SMM shares ?
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FATABA Supreme	09-Jun-2020 13:35        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Kindly advise if it include the FREE SMM share which conservatively est $900 in this NAV u hv ?  Thks  Sin_Cos_Tan      ( Date: 09-Jun-2020 13:26) Posted: PRO FORMA FINANCIAL EFFECTS Impact NAV per Share.  NAV (excluding perpetual securities) per Share Before the transaction  : $ 3.40 Afer the transaction : SCI subscribes only for the SCI Pro-Rata SCM Rights Shares :$1.94 SCI subscribes for the Undertaking SCM Rights Shares : $1.81   Sin_Cos_Tan      ( Date: 09-Jun-2020 08:49) Posted: PRO FORMA FINANCIAL EFFECTS  NTA per Share Before the transaction  : $ 3.04 Afer the transaction : $ 1.73 The figures are based on the issued share capital of 1,785,574,930 SCI Shares (excluding treasury shares) as at 8 June 2020. http://www.sembcorp.com/en/media/597605/proposed-renounceable-underwritten-scm-rights-issue-and-proposed-distribution-in-specie-of-shares-of-scm.pdf
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danger Supreme	09-Jun-2020 13:29        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	TIME TO UNLOAD ???!!
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Sin_Cos_Tan Veteran	09-Jun-2020 13:28        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	DYODD Sin_Cos_Tan      ( Date: 09-Jun-2020 13:26) Posted: PRO FORMA FINANCIAL EFFECTS Impact NAV per Share.  NAV (excluding perpetual securities) per Share Before the transaction  : $ 3.40 Afer the transaction : SCI subscribes only for the SCI Pro-Rata SCM Rights Shares :$1.94 SCI subscribes for the Undertaking SCM Rights Shares : $1.81   Sin_Cos_Tan      ( Date: 09-Jun-2020 08:49) Posted: PRO FORMA FINANCIAL EFFECTS  NTA per Share Before the transaction  : $ 3.04 Afer the transaction : $ 1.73 The figures are based on the issued share capital of 1,785,574,930 SCI Shares (excluding treasury shares) as at 8 June 2020. http://www.sembcorp.com/en/media/597605/proposed-renounceable-underwritten-scm-rights-issue-and-proposed-distribution-in-specie-of-shares-of-scm.pdf
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ICXGOLD Master	09-Jun-2020 13:28        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	People at working at MSCI are a bunch of idiots. Their poor judgement cost a lot of people to sell and miss out.
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danger Supreme	09-Jun-2020 13:28        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	only mentioned rights .. but NAV havent include the SMM free shares ....
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Sin_Cos_Tan Veteran	09-Jun-2020 13:26        Sin_Cos_Tan About Contact  Quote this Post!
x 1   x 0  Alert Admin	PRO FORMA FINANCIAL EFFECTS Impact NAV per Share.  NAV (excluding perpetual securities) per Share Before the transaction  : $ 3.40 Afer the transaction : SCI subscribes only for the SCI Pro-Rata SCM Rights Shares :$1.94 SCI subscribes for the Undertaking SCM Rights Shares : $1.81   Sin_Cos_Tan      ( Date: 09-Jun-2020 08:49) Posted: PRO FORMA FINANCIAL EFFECTS  NTA per Share Before the transaction  : $ 3.04 Afer the transaction : $ 1.73 The figures are based on the issued share capital of 1,785,574,930 SCI Shares (excluding treasury shares) as at 8 June 2020. http://www.sembcorp.com/en/media/597605/proposed-renounceable-underwritten-scm-rights-issue-and-proposed-distribution-in-specie-of-shares-of-scm.pdf
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soonsoonhuat Veteran	09-Jun-2020 13:24        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	those who sold at 1.36 end may its becos of exclusion from msci index so it would most probably be those fund managers liquidating their positions retailers few and far between. naoshingo      ( Date: 09-Jun-2020 13:22) Posted: *fingers crossed* Pity the weak hands who sold their stocks at $1.36..... halleluyah      ( Date: 09-Jun-2020 13:20) Posted: will be nice to see it hit 2.40 tdy....squeeze all the shortist...
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wehuattogether88 Supreme	09-Jun-2020 13:23        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe in the coming week. Now all the fund houses are revising SCI to Buy call and scrambling to upgrade the TPs to above 2.00  beyond  yehyeh      ( Date: 09-Jun-2020 13:20) Posted: 3 dollar Akan datang....
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iluvgambling Master	09-Jun-2020 13:23        iluvgambling About Contact  Quote this Post!
x 0   x 0  Alert Admin	there is no too late to buy....once you buy , immediate guaranteed huat lol
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naoshingo Elite	09-Jun-2020 13:22        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	*fingers crossed* Pity the weak hands who sold their stocks at $1.36..... halleluyah      ( Date: 09-Jun-2020 13:20) Posted: will be nice to see it hit 2.40 tdy....squeeze all the shortist.... naoshingo      ( Date: 09-Jun-2020 13:20) Posted: Wow...$2.20 SM rising back also... Double Gold Pot.
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