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Grubber Elite	10-Jun-2020 12:40        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	heard from broker this afternoon is forceselling for those bought at 85
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better Elite	10-Jun-2020 12:40        better About Contact  Quote this Post!
x 0   x 1  Alert Admin	I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks. There are selling pressure coming from likely  fund managers/ institutions who want to sell. There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now  to vote against the rights issue, which is what I will be doing as well. First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question. Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape. Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal. So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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alfredx Senior	10-Jun-2020 12:39        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Given up cut lose 17ksgd and moved on.. Lousy counter for the past 3 years.. Can't be other what they gonna do.. Scam job to make share holder lose money.. There is better counter than this..
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Djsoul80 Master	10-Jun-2020 12:33        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SMM price will eventually be trading higher than the current price as there's still alot of speculations around to manipulate. Buy to ride on the tide.
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Grubber Elite	10-Jun-2020 12:27        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCM needs money to stay afloat, rights must go ahead, share price has to go,so many warniing alr sounded by analyst
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ipolaris Senior	10-Jun-2020 12:26        ipolaris About Contact  Quote this Post!
x 0   x 0  Alert Admin	Either buy more to vote against the de-merger or stay status quo. Just don' t sell the exisitng shares.  Justice888      ( Date: 10-Jun-2020 12:05) Posted: Then u shld buy more ? ipolaris      ( Date: 10-Jun-2020 12:02) Posted: Be careful guys! Those shouting to dump SMM shares are possibly SCI SH who want to see the resolution passed with 50% vote from minority shareholders. This deal won' t materialise if majority of SMM SH vote against it. SCI SH are buying up SMM shares to cast the vote.
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Newbiebirdie Member	10-Jun-2020 12:24        Newbiebirdie About Contact  Quote this Post!
x 0   x 0  Alert Admin	So should sell or not?
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uiop1223 Supreme	10-Jun-2020 12:23        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aiyo.. as if what we says here will have any impact. ipolaris      ( Date: 10-Jun-2020 12:02) Posted: Be careful guys! Those shouting to dump SMM shares are possibly SCI SH who want to see the resolution passed with 50% vote from minority shareholders. This deal won' t materialise if majority of SMM SH vote against it. SCI SH are buying up SMM shares to cast the vote.
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zillion Master	10-Jun-2020 12:21        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCI no need to use any cash for the rights issue and with the new shares SCI will give FREE to its shareholders. Of course it is in the best interest that SMM shares must go up as SCI shareholders can cash out higher after the whole exercise. Win-SCI, lose-SMM.
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Grubber Elite	10-Jun-2020 12:20        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	bb will dump this and play medical this afternon
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Grubber Elite	10-Jun-2020 12:11        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope bb not as merciless as the medical one
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ipolaris Senior	10-Jun-2020 12:09        ipolaris About Contact  Quote this Post!
x 1   x 0  Alert Admin	Many are SCI shareholders and they are buying SMM for its voting rights. They calculated and it' s still profitable to buy SMM as SCI SH will stand to gain 125% from the de-merger.  SCI substantial SH & Temasek are not eligible to vote. If you sell your SMM at this discounted price now, you' ll see SCI SH laughing their way to the banks leaving you with 1/3 of the original market share price.  westpoison      ( Date: 10-Jun-2020 09:58) Posted: Why the price still so high? It should be 20c right?
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Grubber Elite	10-Jun-2020 12:09        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	aftgernoon will be very exciting
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Justice888 Supreme	10-Jun-2020 12:05        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then u shld buy more ? ipolaris      ( Date: 10-Jun-2020 12:02) Posted: Be careful guys! Those shouting to dump SMM shares are possibly SCI SH who want to see the resolution passed with 50% vote from minority shareholders. This deal won' t materialise if majority of SMM SH vote against it. SCI SH are buying up SMM shares to cast the vote.
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ipolaris Senior	10-Jun-2020 12:02        ipolaris About Contact  Quote this Post!
x 0   x 0  Alert Admin	Be careful guys! Those shouting to dump SMM shares are possibly SCI SH who want to see the resolution passed with 50% vote from minority shareholders. This deal won' t materialise if majority of SMM SH vote against it. SCI SH are buying up SMM shares to cast the vote.
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Grubber Elite	10-Jun-2020 11:59        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	afternnoon will b ugly
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Grubber Elite	10-Jun-2020 11:49        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	dumping now
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Grubber Elite	10-Jun-2020 11:45        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	distribution enough button going to presss soon
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Grubber Elite	10-Jun-2020 11:36        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	now with broker tp, bb take this chnace to dump, becardul
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Grubber Elite	10-Jun-2020 11:32        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	better not the last to hold , dumping will be bad,
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