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SEMBMARINE - A NEW CHAPTER - DEMERGED
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ADS2200
Veteran |
14-Oct-2020 10:20
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alson18, you said yesterday the vol of short sell went up to 35%. if they continue to short, may go up above 40% they are holding a time bomb.  145 is a beautiful number. if the accumulation continue, the bomb get bigger and bigger. that' s a daangerous game. temasek invest us$1b into ant group, if everyone take a bit, nimble what they can carry. very safe. well, i am sure nobody it wanting to shoot up to 20c but let' s it above 15.3c hope the management is doing their part to fortify the faith of all the minor shareholders. the reason why scm demerged is because we have faith in you to position this ship into the international water |
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weishent
Elite |
14-Oct-2020 10:06
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Cleared .145 yeah looking good for a rebound today. Oversold | ||||
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ADS2200
Veteran |
14-Oct-2020 09:54
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temasek and management is synonyms.  | ||||
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alwayshopeful
Senior |
14-Oct-2020 09:41
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Is Temasek allowed to buy in the open market to support the share price? | ||||
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Alson18
Senior |
14-Oct-2020 09:41
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Ok..tks for the input! No wonder the mgmt and SSH care less about the share price under heavy bombardment even after rights issue.....Let the market decide which way to go...Investor have to be v patience
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ADS2200
Veteran |
14-Oct-2020 09:32
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haha ... better you sounded more serious than i think.  as alson18 said " Hope they are warching what is happening ....so far no announcement from management from right issue till now........ not about the institutional traders and exalt them until their head swelled. temasek isn' t a dumb ass and not lame duck or whatever. they have the capacity to flip muddy waters. they are already given the go ahead with $600m, only utilised ~$200m. most cannot stand it mocking own sovereign wealth fund. what is this ???? the board is entrusted by the shareholders, so do justice. scm did not just birth forth, it has a history behind it. accumulators, we can and so is the management of scm, temasek, norges, vanguards, blackrock and so forth. let them know if the fundamental is right .... it is a shame to let them batter the stock and said they have dip pocket
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TigerPlay
Master |
14-Oct-2020 09:19
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Logically, I would expect SCM to test 15cts and Keppel to cross 4.55 today, but they are right now going down instead. Why I expect them to go up, because news come out of Keppel diversation and SCM may benefit from the merger or buy over of marine. Share may not necessarilly follow logic, but follow power who control them.Right now, the power wanted SCM to remain below 15cts and could be what Bro Better mentioned earlier of the mental game they playing. | ||||
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TigerPlay
Master |
14-Oct-2020 09:11
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Fully agreed with the mental game, I will be selling if it hit 16cts like you say. But not everything one shot, those that make money and invest the money on another more promising counter.Is all about mental strength and holding power and your kind of game play. Likely counter could be Keppel or SIA as honestly, I got more faith in these 2 going up more once covid is under control then SCM. Yes, SCM maygo up too but counting the %, could be less than the other 2. Some pp play share talk about patriotic and loyalty to the stock, but I disagree (sorry), my aim is to make money. But then again how many here play share is not to make money leh, but to be loyal and support the company,maybe unless you belong to the company, like director or what.
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Trader1987
Veteran |
14-Oct-2020 09:07
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Problem is, what   makes you think SMM has fundamental values. LOL
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better
Elite |
14-Oct-2020 00:54
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Personally, I had benefitted from numerous set ups by institutional traders. Looking at it from another angle, without them, we will not have so many extraordinary opportunities to make extraordinary profits. It is well documented that the average investor make far lessor than market. Some people have to make less profit or loss for me to make more profit in the investment game. If you are at a poker table and you do not know who the patsy is, then likely you are the one. I have come to the conclusion that it is very difficult for Temasek operationally to buy directly from the open market. Every purchase decision, even 1 lot, has to go through a committee meeting to prevent abuse and corruption. And there is always the risk of news leaking out and people front running. Further, if you are a director or substantial shareholder, have to make a SGX announcement even if you buy one additional lot.   |
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better
Elite |
14-Oct-2020 00:28
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While the manipulators have the muscles to hold their positions for a long time, fundamental values will eventually win out. Just a matter of time. This game can carry on for quite a while longer mainly because of the rights issue structure. SMM shares are distributed free to SCI retail shareholders So they would not care very much that SCI paid 20 cents for the rights shares and sacrifice the mother shares at $1+ to pay out the free SMM shares to them. To the extent that SCI is so stretched financially that it may need a rights issue itself soon. For SIA rights share for example, if you pay $3 for it, you will not sell at any lower than $3 unless there is some major shift in the company' s fudnamentals. The longer SMM stays at 15 cents or below, the more SCI retail shareholders will be happy to sell at 18 cents or 21 cents or 24 cents when it is on route to 45 cents....The manipulators can then cover their books. I estimate that the average short price for the manipulators is around 23 to 25 cents. If they can buy back any lower than that will be trading profits for them. JMHO |
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ADS2200
Veteran |
14-Oct-2020 00:24
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the management also cannot allow any institutional traders to raid its company, esp major shareholder is temasek. the value of a stock reflect the confidence/faith of the company they are entrust as the public face of the company. even keppel corp when the stock is sold down, the company buy back from the market i do not dispute that it is a basic trading strategy but not at the expense of shareholders. mocking the name of temasek, like a sick cat that cannot catch mouse. some lame duck, helpless and let institutional traders raided them right under their nose. temasek is mandated $600m for the right issues, took up a mere 9.8% of the remaining rights which is about $200m. how deep a pocket can the institutional trader be that they are mocking the name of temasek. just take $50m to raise the stock price closer to 20c. afterall the price is being depressed until so ridiculous. also playing by the trading rules. more genuine investors than traders will invest in scm Temasek' s enhanced stake may fortify minority shareholders'   faith in Sembmarine |
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better
Elite |
13-Oct-2020 23:46
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Take it easy ADS2200, it is a free market and players can go long or short a stock as much as they like as long as they play by the trading rules. Temasek would not be too concerned until nearing 31st March 2021. I can only say that the manipulators are pro with deep pockets. On the way down til the rights issue date, they have shorted heavily and is sitting on quite a tidy profit in their books. However, at the same time, they have also accumulated a fairly large short position. Just imagine if SMM would to move higher towards 30+ cents immediately after the rights issue, they would be forced to cover their shorts at high prices and give back a huge chunk of their trading profit gained over the past months. The longer they hold prices at or below 15 cents, more people will mentally mark that as a benchmark price for SMM. So when they eventually let go of the sell pressure and allow it to move towards the 16 to 20 cents range, many will be queuing to sell to them at that price range, allowing them to cover their shorts/ books with huge gain.  That is a basic trading strategy employed by most instutional traders in most asset markets, from trading futures to stocks to currencies etc |
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Alson18
Senior |
13-Oct-2020 23:36
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Hope they are warching what is happening ....so far no announcement from management from right issue till now........
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ADS2200
Veteran |
13-Oct-2020 23:03
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worst if the management do nothing about this short sellers. it also implied that management is one together with the raiding of scm. if the management is not with the recent selling down, by not stepping forward, they are not doing their fiduciary duty to uphold the name of the company. one way or another the management has to protect the interest of the company.  Temasek' s enhanced stake may fortify minority shareholders' faith in Sembmarineit is a mockery right at the face of major shareholder, temasek and the whole board of management. it has come to a point many are disgusted with doing of the raiders. what do you think ? |
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Alson18
Senior |
13-Oct-2020 22:42
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Fully agree...am v shock with the heavy shorting!! They dont give a damn who the major shareholders are.? Even at this low prices just hope they get caught real bad one day.....
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ADS2200
Veteran |
13-Oct-2020 22:19
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alson18, that is a horrendously amount.  what do they stand to gain ? what are they trying to prove ? they have the financial capacity ? unlike olam where muddy waters against the accounting practices and debt level issue. olam with the backing of temasek fought off the saga scm just emerged as a focused entity with the support from temasek. can they allow their company to be raided ? all these shorting cannot be from temasek, then who is behind this unwarranted doing ? the amount of short selling is becoming ridiculous.  would any management stand and do nothing about it ? isn' t it true under such circumstances, the management will carry out share buy back from the market?  it does not do justice to the minority shareholders who have supported their motion with the rights issue, raising $2.1b only to be manupilated by any institutions, or whatever syndicate ? it is becoming a joke 
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alwayshopeful
Senior |
13-Oct-2020 19:15
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What does that mean? Anyone can explain.
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Alson18
Senior |
13-Oct-2020 18:50
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Wow today shorts 17.2m...35%...Respect shortist!  | ||||
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better
Elite |
13-Oct-2020 18:41
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For longer term investors who buy to hold, buying at $0.10 is definitely better than $0.146 if we ever get there. With low debt and cash hoard of $0.16+ per share, SMM' s cash on hand is already higher than its current price.   |
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