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SembCorp Industries
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uiop1223
Supreme |
22-Jul-2020 18:03
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We cant be sure SMM will trade at 20cents. It may go under
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josemmm123
Master |
22-Jul-2020 18:01
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Assuming you bought at 1.75. U will be given free about 4.5 SCM shares free Assuming each SCM shares trade at 20 cents upon listed. ==> 4.5 x 20 cents = 90 cents. So your SCI is 1.75-90 = 85 cents only.. Super cheap right? |
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lawsershare
Senior |
22-Jul-2020 17:48
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Sembcorp SembMarine respond to Sias queries on demerger proposal stress public shareholders have deciding say
Sembcorp, SMM proposal to bring ' tangible' benefits public shareholders get deciding sayLooks like a huge Hinting wave is coming soon... 
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eugesun
Elite |
22-Jul-2020 17:04
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Me too loaded at 1.75, lol.... hope the shortist work harder and get it down to 1.7.....
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danger
Supreme |
22-Jul-2020 16:16
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SCM Group&rsquo s current balance sheet is already highly geared. Obtaining support from banks to maintain our current loan facilities is already challenging. To request banks to provide additional loan facilities is therefore not realistic and also unlikely to be sufficient to meet our liquidity needs. Refinancing the SCM Group&rsquo s outstanding debt will not raise fresh funds for SCM. It just extends the maturity of existing debt which has been drawn down. Continuing to add debt is not a long-term solution as this would further burden SCM Group&rsquo s balance sheet with higher gearing and interest payments, at a time when our cash flow and financial flexibility continue to be constrained by the challenging market dynamics and outlook. Coupled with the urgency of the situation due to profound structural changes in the oil and gas sector, intensifying international competition, the recent sudden collapse in oil prices and supply chain disruptions due to COVID-19, the SCM Board and Management have considered various financing options and believe that the proposed Rights Issue is the most optimal and lasting solution and is in the best interests of SCM&rsquo s shareholders | ||||
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danger
Supreme |
22-Jul-2020 16:10
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SCI and SCM believe that the proposed Rights Issue will address SCM' s critical liquidity needs and as such, is in the best interest of all SCM shareholders. This includes SCI as SCM&rsquo s largest shareholder. SCI is not writing off the outstanding principal amount of S$1.5 billion in debt to SCM, but instead converting it into an equity stake in SCM via a subscription for SCM shares under the SCM Rights Issue. The settlement of the Subordinated Loan through the Rights Issue substantially recapitalises SCM&rsquo s business, materially reducing its debt servicing obligations, and putting it in a stronger position to ride out the current crisis as well as enhancing its competitiveness in the sector. This settlement also provides SCI with value in the form of SCM&rsquo s shares. There is value in these shares as they are publicly traded SCM shares which will be distributed to SCI shareholders | ||||
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danger
Supreme |
22-Jul-2020 16:07
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Post transaction, the total borrowings of SCI is expected to decrease by S$2.9 billion (pg 10 of SCI presentation). However, pg 8 of SCI&rsquo s presentation states that the &ldquo demerger removes constraints on SCI&rsquo s balance sheet which consolidates SCM &rsquo s debt | ||||
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simpleguy123
Elite |
22-Jul-2020 15:54
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I managed to scoop up some at 1.75. I queued at 1.74 incase i might get blessings. But i'll be contented at getting 1.75 :)
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arctician1982
Senior |
22-Jul-2020 15:38
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read through all, in last page it states " SCM Directors who are also shareholders of SCM have indicated that they intend to subscribe and pay for all their respective entitlements of Rights Shares in accordance with the terms and conditions of the Rights Issue." not sure how many they own..
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lailai
Elite |
22-Jul-2020 14:26
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A very comprehensive Q& A between SCI, SCM, and SIAS released in SGX. For those interested, can go and see lah, 16 pages.
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josemmm123
Master |
22-Jul-2020 12:13
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yup.. this is how shortist/BB works. I think once the date for the EGM is annouced, we should start to see some " actions" ... then as u said, towards the EGM and after that, BB will push then retails all followed.. think at least $2 by the end of EGM. May go higher say $2.20 when CE (Cum entitlement)
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eugesun
Elite |
22-Jul-2020 11:55
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yes, I place order at 1.75 .... keep loading if drop to 1.7
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lailai
Elite |
22-Jul-2020 08:42
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Agree to what u posted, recession proof, provided detached from marine losses in scm. Long term good chance of returning to Index stock. Currently under shorties' spell, cos they keep suppressing to deter buying, while they collect, typical tactics. Nowadays hard to see people buy long term, but short term is hard to pick this stock lah. The medical stocks provide more excitement to most people, tho come with very high risk. Anyway for sci to rise, got to wait till egm for voting to demerge. That will be the time when shorties pump up their cargo prices, making huge profits, while buyers chased up the price. Just opinion. 
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ruanlai
Elite |
22-Jul-2020 08:27
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This one must test 1.70 before it can rebound....... | ||||
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msksmsks
Supreme |
22-Jul-2020 08:21
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SCI is a,brick & motar, recession proof co.
Wont be surprised to see it roaring bk its glory days as its heading the right direction. Buy while still cheap. Cheers |
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Djsoul80
Master |
22-Jul-2020 07:58
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Now everyone is talking about green energy. Sembcorp Industries will see better Q3 results. Stay vested when you are able to get it at current price before price heading north pole. | ||||
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danger
Supreme |
21-Jul-2020 16:39
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HAHAHA.. NOT RUAN RUAN LAI AGAIN 
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therock1818
Member |
21-Jul-2020 16:10
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Profit is neg. stocks are stagnant but the news is positive. joke. Need to wake up this snake. | ||||
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ruanlai
Elite |
21-Jul-2020 10:03
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Remain positive for the shortists.... to short. No hope for tomorrow |
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weekaykee
Master |
21-Jul-2020 10:03
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Agree. A quarterly profit exceeding $88m for Keppel would mean Temasek would proceed with its offer to buy up to 51% of Keppel at $7.35. This would also mean a very high likelihood of an eventual merger of Semb Marine with Keppel O& M. A likely merger would result in a higher post-rights price for SCM which would in turn make it more attractive to buy SCI.
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