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mesuper Member	24-Aug-2020 12:17        mesuper About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCI has undertaken to subscribe for its S$1.27 billion pro-rata entitlement, plus take up an additional S$230 million - if necessary - bringing its total commitment to S$1.5 billion. ADS2200      ( Date: 24-Aug-2020 11:45) Posted: mesuper, thanks. temasek is straightforward $600m sorry don' t mind me asking. why sci fork out 230m ? thot the loan is $1.5b mesuper      ( Date: 24-Aug-2020 11:27) Posted: 1) SMM seeks to raise S$2.1 billion from a five-for-one renounceable rights issue. If no one exercises the rights, SCI needs to fork out 230m and TH will support 600m to ensure fully subscribed... If I am SCI or TH, I will ensure SMM price is above 20 cents so that they no need to pay the 230m + 600m 2) If SMM price below 20 cents, it is possible for SCI or TH to fail the underwriter condition which also choose to abandon the rights.
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eugesun Elite	24-Aug-2020 11:45        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sure can buy at higher price, seems no one buying now, so I chicken out...lol ckmpd1      ( Date: 24-Aug-2020 11:16) Posted: Why cannot buy?  If you think it is worth buying, buy it at $1.82 instead of que-ing at $1.81 eugesun      ( Date: 24-Aug-2020 11:14) Posted: So little volume, even i want to buy I cannot get. Good sign that everyone is waiting for free shares.....
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ADS2200 Veteran	24-Aug-2020 11:45        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	mesuper, thanks. temasek is straightforward $600m sorry don' t mind me asking. why sci fork out 230m ? thot the loan is $1.5b mesuper      ( Date: 24-Aug-2020 11:27) Posted: 1) SMM seeks to raise S$2.1 billion from a five-for-one renounceable rights issue. If no one exercises the rights, SCI needs to fork out 230m and TH will support 600m to ensure fully subscribed... If I am SCI or TH, I will ensure SMM price is above 20 cents so that they no need to pay the 230m + 600m 2) If SMM price below 20 cents, it is possible for SCI or TH to fail the underwriter condition which also choose to abandon the rights. ADS2200      ( Date: 24-Aug-2020 11:16) Posted: interesting! why if no other players exercised the rights, smm shr is not diluted that much ? rightly rights exercise the share will be diluted
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ckmpd1 Supreme	24-Aug-2020 11:35        ckmpd1 About Contact  Quote this Post!
x 3   x 0  Alert Admin	From the way SCM rights are traded, it looks like SCI SH will get closer to 4900 rather than 4200 scm to 1000sci. That is good news for SCI share holders  mesuper      ( Date: 24-Aug-2020 11:27) Posted: 1) SMM seeks to raise S$2.1 billion from a five-for-one renounceable rights issue. If no one exercises the rights, SCI needs to fork out 230m and TH will support 600m to ensure fully subscribed... If I am SCI or TH, I will ensure SMM price is above 20 cents so that they no need to pay the 230m + 600m 2) If SMM price below 20 cents, it is possible for SCI or TH to fail the underwriter condition which also choose to abandon the rights. ADS2200      ( Date: 24-Aug-2020 11:16) Posted: interesting! why if no other players exercised the rights, smm shr is not diluted that much ? rightly rights exercise the share will be diluted
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mesuper Member	24-Aug-2020 11:27        mesuper About Contact  Quote this Post!
x 0   x 0  Alert Admin	1) SMM seeks to raise S$2.1 billion from a five-for-one renounceable rights issue. If no one exercises the rights, SCI needs to fork out 230m and TH will support 600m to ensure fully subscribed... If I am SCI or TH, I will ensure SMM price is above 20 cents so that they no need to pay the 230m + 600m 2) If SMM price below 20 cents, it is possible for SCI or TH to fail the underwriter condition which also choose to abandon the rights. ADS2200      ( Date: 24-Aug-2020 11:16) Posted: interesting! why if no other players exercised the rights, smm shr is not diluted that much ? rightly rights exercise the share will be diluted
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ckmpd1 Supreme	24-Aug-2020 11:16        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why cannot buy?  If you think it is worth buying, buy it at $1.82 instead of que-ing at $1.81 eugesun      ( Date: 24-Aug-2020 11:14) Posted: So little volume, even i want to buy I cannot get. Good sign that everyone is waiting for free shares.....
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ADS2200 Veteran	24-Aug-2020 11:16        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	interesting! why if no other players exercised the rights, smm shr is not diluted that much ? rightly rights exercise the share will be diluted
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eugesun Elite	24-Aug-2020 11:14        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	So little volume, even i want to buy I cannot get. Good sign that everyone is waiting for free shares.....
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mesuper Member	24-Aug-2020 10:51        mesuper About Contact  Quote this Post!
x 0   x 0  Alert Admin	1) TH and SCI is the major player to subscribe the rights to fund SMM, however if I am TH and SCI, I want other shareholders including retail players to follow too. 2) if no other players exercise the rights, i.e. SMM share is not diluteed that much, SMM price will go up too.
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desmodeus Veteran	24-Aug-2020 10:44        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	just mean TH and SCI will subcribed fully and SCI shareholders will get the maximum no. of smm entitlements mesuper      ( Date: 24-Aug-2020 10:41) Posted: The objective to issue the SMM rights is to collect funds from shareholders... if SMM price drops below 20 cents, it makes the rights worthless, i.e. failed the objective. Hence, SMM price should not drop below 20 cents, SMM big share holders will not allow this to happen. If SMM price doesnt drop, SCI price will have its support.
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mesuper Member	24-Aug-2020 10:41        mesuper About Contact  Quote this Post!
x 0   x 1  Alert Admin	The objective to issue the SMM rights is to collect funds from shareholders... if SMM price drops below 20 cents, it makes the rights worthless, i.e. failed the objective. Hence, SMM price should not drop below 20 cents, SMM big share holders will not allow this to happen. If SMM price doesnt drop, SCI price will have its support.
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tangoanna Master	24-Aug-2020 10:37        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Worthless based on the market supply/demand now... ckmpd1      ( Date: 24-Aug-2020 10:21) Posted: Worthless is your view without basis. Temasek certainly doesnt think SCM is worthless.  Neither do I nor scm shareholders. It is trading at 20c and is at least worth 20c tangoanna      ( Date: 24-Aug-2020 09:49) Posted: SCM rights are officially worthless...
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ADS2200 Veteran	24-Aug-2020 10:33        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	m/thanks.  i was contemplating to buy smm. looking at the way it goes, likely to go below 20c. now it makes more sense to buy after 27 aug  the way bb is pushing ms and rts also gone. maybe should buy sci for every 100sci get 427smm free. but i was told after xe, sci price will also drop. woah .... very complex sum    uiop1223      ( Date: 24-Aug-2020 10:19) Posted: Worthless because most likely, SMM shares will trade below 20cents after the rights shares start trading in mkt. if the sentiment is that SMM share are worth 21cents, there should be buying of SMM rights since the total cost is $0.201 per share. The reason is that people expect SMM shares to trade below $0.20 upon completion of rights issue. Look at SIA MCB. I recalled the MCB rights were not taken up at $0.001. What is the issue price ($1) vs current price ($0.9) now? ADS2200      ( Date: 24-Aug-2020 10:10) Posted: m/thanks. i don' t get it / buy scm ms now is higher than buy the rights which is 20.5 - 21c. isn' t it better to buy the rts convert to ms which abt 20.1c ? is the person wants to sell the rts meaning they are not prepared to take up ?
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ckmpd1 Supreme	24-Aug-2020 10:21        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Worthless is your view without basis. Temasek certainly doesnt think SCM is worthless.  Neither do I nor scm shareholders. It is trading at 20c and is at least worth 20c tangoanna      ( Date: 24-Aug-2020 09:49) Posted: SCM rights are officially worthless...
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uiop1223 Supreme	24-Aug-2020 10:19        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Worthless because most likely, SMM shares will trade below 20cents after the rights shares start trading in mkt. if the sentiment is that SMM share are worth 21cents, there should be buying of SMM rights since the total cost is $0.201 per share. The reason is that people expect SMM shares to trade below $0.20 upon completion of rights issue. Look at SIA MCB. I recalled the MCB rights were not taken up at $0.001. What is the issue price ($1) vs current price ($0.9) now? ADS2200      ( Date: 24-Aug-2020 10:10) Posted: m/thanks. i don' t get it / buy scm ms now is higher than buy the rights which is 20.5 - 21c. isn' t it better to buy the rts convert to ms which abt 20.1c ? is the person wants to sell the rts meaning they are not prepared to take up ?   tangoanna      ( Date: 24-Aug-2020 09:58) Posted: There is no buy queue. 83million rights on the 0.001 sell queue. Even if you wish to sell the rights, you may not be able to. Only way is to subsribe to SCM shares now
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Laurenpanna Veteran	24-Aug-2020 10:12        Laurenpanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	i also blur reading so many different article and saying. But it does not make me sway from my initial decision. Which is, to hold until XE . (whether sell or average down by then, see my mood) after that HOLD the SMM shares till some decision is announced.
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ADS2200 Veteran	24-Aug-2020 10:10        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	m/thanks. i don' t get it / buy scm ms now is higher than buy the rights which is 20.5 - 21c. isn' t it better to buy the rts convert to ms which abt 20.1c ? is the person wants to sell the rts meaning they are not prepared to take up ?   tangoanna      ( Date: 24-Aug-2020 09:58) Posted: There is no buy queue. 83million rights on the 0.001 sell queue. Even if you wish to sell the rights, you may not be able to. Only way is to subsribe to SCM shares now. ADS2200      ( Date: 24-Aug-2020 09:56) Posted: tangoanna, can share why  SCM rights are officially worthless... ? help me to understand. i' m inexperience
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eugesun Elite	24-Aug-2020 10:03        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh yes, maybe next 2 weeks time before the final free shares quantity fixed.  People are confused with number of shares and share value here, I get free share becasue I am given a sum of share without paying a cent. That is free share. The value of shares are depends on individual investor expectation and potential of SCI and SCM, who knows SCM value may go up to $5 in future. I am getting free quantity of shares and selling shares at a profit is 2 different thing.... danger      ( Date: 24-Aug-2020 09:35) Posted: WHen can hit $2.30 ??!!
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TigerPlay Master	24-Aug-2020 10:01        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha, i see until blur liaow, some say 2.30, some 3, some even 5. But, another group say SCi only worth 90cts or so, SCm is 15cts, 4 x 15 =60, so plus 90+60=150. i oso blur liaow. Anyway, we can only do our maths here and there, at the end of day, still BB decide the price. so just take all the saying with a pin of salt nia. No need be angry with anyone, since Nobody really knows actually, only the Doo Shen which is the BB know the actual price. That just my tot only too.....i oso dun know...Here say here Song... danger      ( Date: 24-Aug-2020 09:35) Posted: WHen can hit $2.30 ??!!
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tangoanna Master	24-Aug-2020 09:58        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is no buy queue. 83million rights on the 0.001 sell queue. Even if you wish to sell the rights, you may not be able to. Only way is to subsribe to SCM shares now. ADS2200      ( Date: 24-Aug-2020 09:56) Posted: tangoanna, can share why  SCM rights are officially worthless... ? help me to understand. i' m inexperience tangoanna      ( Date: 24-Aug-2020 09:49) Posted: SCM rights are officially worthless...
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