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SEMBMARINE - A NEW CHAPTER - DEMERGED Post Reply Rate topic
Trader5525 Member	19-Oct-2020 11:19        Trader5525 About Contact  Quote this Post!
x 0   x 0  Alert Admin	To refresh the memory mah.....LOL
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simpleguy123 Elite	19-Oct-2020 11:16        simpleguy123 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I think those Bros also are banking on merger with K O&M, but cant always say Tiger Lady this and Tiger Lady that blah blah blah. So those bros can only digg out past news that have been priced in hahaha naoshingo      ( Date: 18-Oct-2020 22:25) Posted: Lol...Ya..somemore the Bros here keen bringing out old news that are already announced...which is already immaterial..   simpleguy123      ( Date: 18-Oct-2020 20:18) Posted: This Is The One liao la hahahaha. My fellow bro, we are on the same page.
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TigerPlay Master	19-Oct-2020 11:15        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heart broken laiow, everyday see this fella 14.2 14.3 cts, very depressing. Ray of hope for 45cts 60cts make my days....tempted to throw all to BB and balek kampong plant sweet potatoes
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Trader1987 Veteran	19-Oct-2020 11:15        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The last halt in June-20 resulted in share price dropping from $0.90 to $0.20 just before share issuances. I think the poor shareholders cannot tahan another trading halt. No more money to cough out. danger      ( Date: 19-Oct-2020 10:42) Posted: Let' s HOPE TO SEE KEPPEL CORP HALTED PENDING CORPORATE MAJOR ANNOUCMENT !!!
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Trader1987 Veteran	19-Oct-2020 11:10        Trader1987 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Don give people false hope la danger      ( Date: 19-Oct-2020 10:42) Posted: Let' s HOPE TO SEE KEPPEL CORP HALTED PENDING CORPORATE MAJOR ANNOUCMENT !!!
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danger Supreme	19-Oct-2020 10:42        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Let' s HOPE TO SEE KEPPEL CORP HALTED PENDING CORPORATE MAJOR ANNOUCMENT !!!
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TigerPlay Master	19-Oct-2020 10:39        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wh bro, you give me hope when I gave up all hope on SCM, CHEERSN!!!
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better Elite	18-Oct-2020 23:17        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most of the selling of SMM for the past month is likely attributed to SCI retail shareholders getting rid of their free SMM shares. To convince more SCI retail shareholders to let go of their free shares, the wizard behind the curtain who has been selling down SMM are likely also the one popping up SCI shares. Many SCI shareholders are being convinced to sell their free SMM shares because they calculated that 4.9*14.3 + 1.44 = $2.14 is about 10+% higher than SCI share price before the distribution. But frankly,  I would not buy Sembcorp Industries (SCI) even at $1.  While SCI' s biz is quite diverse, it is still cantered around the Singapore utilities market, electricity, water, waste etc. SCI' s profitability is more of a political decision rather than a commercial outcome. In short, the Singapore government does not allow Sembcorp and other utility players to make more than a sustenance margin. Rising cost of living has been a hot political topic over the past decade. To say yes to higher Sembcorp profit is like saying yes to higher utility bills for all Singaporeans. Not likely to happen soon until they win back Aljunied and Seng Kang GRC. The opening up of the Singapore electricity market is another stab on utility players&rsquo chest.  Bear in mind that Hyflux went under when they try to get into the highly competitive and volatile " electricity" business. SCI is in a very matured business. It can be argued that almost anyone can run a power plant nowadays. You can get the contract only when you are willing undercut your competitors substantially and agree to take on a huge debt to finance or fund the project. SCI has close to $10 billion debt and make only $200-300 million on a good year. The need of a Temasek led rights issue to recapitalise SCI is high based on its current trajectory. That' s why SCI need to do an India IPO urgently to avert an impending cash crunch. If you ever deal with India Indians before, you would know that it is not easy to make money from them. SCI' s debt to equity ratio will worsen to about 250% after SMM rights issue. The $1.5bil subordinated loan to SMM, which was previously classified as an asset in SCI' s book, will have to be written off. It is like a bank writing off a bad debt. From the accounting standpoint, it is like SCI making an $1.5 billion extraordinary loss (equivalent of 6-7 years of their net profit). If you have studied the breakdown of SCI' s H1 results, you would have noticed that they are actually making a net loss even if we exclude SMM' s contribution. The main reason of the demerger is because SCI over committed itself to bill out SCM last year by offering them a $2billion subordinated loan.  SCM drew $1.5 billion from it but SCI would likely be in a cash crunch if SMM draw down the remaining $500million. Therefore, the rights issue is to get SCI off the hook for the remaining $500 million and also to maximise Temasek' s direct holding in SMM. The rights issue flooded SMM with more than ample liquidity but place SCI in a worse financial shape. It is impossible for them to get further bank loan. Rolling over existing debt may be on more stringent terms.  You know how bad SCI' s cashflow is when they have to announce to the world recently that they managed to secure a meagre $40 million loan to fund a solar contract.  Once the selling of SMM free shares by SCI retail shareholders start to dry up in the coming weeks/ months, SCI would likely drop back towards the $1 mark. And SMM will then move towards the 45 to 60 cents range, with a bit of help from the offshore wind. JMHO (Just my humble opinion)
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naoshingo Elite	18-Oct-2020 22:25        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lol...Ya..somemore the Bros here keen bringing out old news that are already announced...which is already immaterial..   simpleguy123      ( Date: 18-Oct-2020 20:18) Posted: This Is The One liao la hahahaha. My fellow bro, we are on the same page. naoshingo      ( Date: 17-Oct-2020 17:35) Posted: Projects are good. But for SM....the key Jackpot moment is when Tiger Lady Press the " MERGE" button.
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simpleguy123 Elite	18-Oct-2020 20:18        simpleguy123 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This Is The One liao la hahahaha. My fellow bro, we are on the same page. naoshingo      ( Date: 17-Oct-2020 17:35) Posted: Projects are good. But for SM....the key Jackpot moment is when Tiger Lady Press the " MERGE" button.
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Alson18 Senior	18-Oct-2020 19:43        Alson18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good job👍 👏 St.Maximus      ( Date: 18-Oct-2020 17:47) Posted: Ryan, my thoughts: 1) SCI definitely had in depth informations to decide the separation  > > > not unusual. Benefits both parties, more so SMM with the rights issue. 2) Oil and gas been down for years > > > these last 6 years especially for crude oil. Not so sure about NG. But new fuels/power sources being developed. 3) SMM business down/low > > > yes esp. in the past few years, but there has been a recent cash injection for working capital. 4) Any huge debt? Gearing @ about 0.45. Not as huge as mid year 2020. 5) Future trends is Electric Vehicles  > > > For land transport yes. But electricity still needs to be generated somewhere. 6) Placement of 20ct down 30% to current price > > > For some, it may be a good entry point as it offers a 30% discount even to its ' par' value of 20 cents. Others, agree? Disagree? St. Maximus Ryant_Ng      ( Date: 18-Oct-2020 09:12) Posted: From My points of view as a retailer 1) SCI definitely had in depth informations to decide the separation  2) Oil and gas been down for years 3) SMM business down/low 4) Any huge debt? 5) Future trends is Electric Vehicles  6) Placement of 20ct down 30% to current price
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St.Maximus Supreme	18-Oct-2020 17:59        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very little. More likely in billions and not millions as you wrote. danger      ( Date: 18-Oct-2020 17:55) Posted: Australian government has dedicated AUD 4.8 million (around EUR 2.9 million) from its 2020-2021 Federal Budget to the development of a regulatory framework related to offshore renewables. danger      ( Date: 17-Oct-2020 18:12) Posted: The Japanese government said Thursday it is aiming to achieve a huge increase in offshore wind power capacity over a decade beginning next fiscal year. Japan currently has only four sites generating offshore wind power -- for a total of 20 megawatts of capacity -- although as an island country surrounded by the sea, experts say there is huge potential for wind farms. But now the government aims to approve three to four projects a year, starting from fiscal year 2021, according to the Ministry of Economy, Trade and Industry, or METI. That means a total of 30 will be approved in the next 10 years
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danger Supreme	18-Oct-2020 17:55        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Australian government has dedicated AUD 4.8 million (around EUR 2.9 million) from its 2020-2021 Federal Budget to the development of a regulatory framework related to offshore renewables. danger      ( Date: 17-Oct-2020 18:12) Posted: The Japanese government said Thursday it is aiming to achieve a huge increase in offshore wind power capacity over a decade beginning next fiscal year. Japan currently has only four sites generating offshore wind power -- for a total of 20 megawatts of capacity -- although as an island country surrounded by the sea, experts say there is huge potential for wind farms. But now the government aims to approve three to four projects a year, starting from fiscal year 2021, according to the Ministry of Economy, Trade and Industry, or METI. That means a total of 30 will be approved in the next 10 years Alson18      ( Date: 17-Oct-2020 17:54) Posted: Hi danger,  donnot why you chose danger.. your post always provide intereting info and excitement Always enjoy your posts!!👏
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St.Maximus Supreme	18-Oct-2020 17:47        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ryan, my thoughts: 1) SCI definitely had in depth informations to decide the separation  > > > not unusual. Benefits both parties, more so SMM with the rights issue. 2) Oil and gas been down for years > > > these last 6 years especially for crude oil. Not so sure about NG. But new fuels/power sources being developed. 3) SMM business down/low > > > yes esp. in the past few years, but there has been a recent cash injection for working capital. 4) Any huge debt? Gearing @ about 0.45. Not as huge as mid year 2020. 5) Future trends is Electric Vehicles  > > > For land transport yes. But electricity still needs to be generated somewhere. 6) Placement of 20ct down 30% to current price > > > For some, it may be a good entry point as it offers a 30% discount even to its ' par' value of 20 cents. Others, agree? Disagree? St. Maximus Ryant_Ng      ( Date: 18-Oct-2020 09:12) Posted: From My points of view as a retailer 1) SCI definitely had in depth informations to decide the separation  2) Oil and gas been down for years 3) SMM business down/low 4) Any huge debt? 5) Future trends is Electric Vehicles  6) Placement of 20ct down 30% to current price     St.Maximus      ( Date: 17-Oct-2020 22:49) Posted: Dear Ryan, I note that this is your first foray into SMM thread. You also started to post today on Share Junction. But if you want us to avoid SMM, at least put forth a few arguments for or against it so as to let us weigh the matter carefully. It is not so helpful to some of us who are used to detailed evaluation to just assert something even if you meant well. Thank you.
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St.Maximus Supreme	18-Oct-2020 16:13        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well observed bro bystander1965, And you know what? It will get even more interesting from here as the latter ' anti' guy will suddenly fall out of view. Then, the earlier ' anti turned pro' guy will flip like a prata back to ' anti' , leading to a violent reaction from the ' pro' guys... ... Familiar script?  bystander1965      ( Date: 18-Oct-2020 09:48) Posted: Very interesting... 1 anti guy suddenly turned pro. In came another anti guy. Then u see double act the anti-turned-pro probing the new anti guy to talk down the counter. 🤪 Not saying the info are wrong or right. Just some observation. Same thing happened to the sci thread also. DYODD.
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Trader5525 Member	18-Oct-2020 11:30        Trader5525 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SEMBCORP MARINE PARTNERS GE&rsquo S GRID SOLUTIONS TO DEVELOP ELECTRICAL TRANSMISSION SYSTEM FOR SOFIA WIND FARM Sembcorp Marine and GE Renewable Energy&rsquo s Grid Solutions have been chosen by RWE &ndash the United Kingdom&rsquo s second largest generator of electricity &ndash to supply the high voltage direct current (HDVC) electrical transmission system for the Soa Offshore Wind Farm. GE&rsquo s Grid Solutions and Sembcorp Marine began early design works in July, with the full contract subject to the project&rsquo s nal investment decision, due in the rst quarter of 2021. The HVDC transmission system represents Soa&rsquo s second largest contract and will include the design, manufacture, installation, commissioning and maintenance of the offshore converter platform and the onshore converter station, including all ancillary equipment. Construction of the Soa Wind Farm is due to begin onshore at its Teesside converter station site early next year, with offshore construction expected to get underway in 2023.
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Alson18 Senior	18-Oct-2020 10:37        Alson18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think maybe you think the price is not low enough... waiting for it to drop further to buy ... Am waiting too to accumulate more... Quite sure many others too... waitng   Ryant_Ng      ( Date: 18-Oct-2020 09:12) Posted: From My points of view as a retailer 1) SCI definitely had in depth informations to decide the separation  2) Oil and gas been down for years 3) SMM business down/low 4) Any huge debt? 5) Future trends is Electric Vehicles  6) Placement of 20ct down 30% to current price     St.Maximus      ( Date: 17-Oct-2020 22:49) Posted: Dear Ryan, I note that this is your first foray into SMM thread. You also started to post today on Share Junction. But if you want us to avoid SMM, at least put forth a few arguments for or against it so as to let us weigh the matter carefully. It is not so helpful to some of us who are used to detailed evaluation to just assert something even if you meant well. Thank you.
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bystander1965 Supreme	18-Oct-2020 09:48        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Very interesting... 1 anti guy suddenly turned pro. In came another anti guy. Then u see double act the anti-turned-pro probing the new anti guy to talk down the counter. 🤪 Not saying the info are wrong or right. Just some observation. Same thing happened to the sci thread also. DYODD.
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Ryant_Ng Member	18-Oct-2020 09:12        Ryant_Ng About Contact  Quote this Post!
x 0   x 0  Alert Admin	From My points of view as a retailer 1) SCI definitely had in depth informations to decide the separation  2) Oil and gas been down for years 3) SMM business down/low 4) Any huge debt? 5) Future trends is Electric Vehicles  6) Placement of 20ct down 30% to current price     St.Maximus      ( Date: 17-Oct-2020 22:49) Posted: Dear Ryan, I note that this is your first foray into SMM thread. You also started to post today on Share Junction. But if you want us to avoid SMM, at least put forth a few arguments for or against it so as to let us weigh the matter carefully. It is not so helpful to some of us who are used to detailed evaluation to just assert something even if you meant well. Thank you.  Ryant_Ng      ( Date: 17-Oct-2020 22:36) Posted: SMM
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danger Supreme	18-Oct-2020 09:10        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OSLO, Norway  &ndash The  COVID-19 pandemic  has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion  . Postponed plans will, however, cause the total worth of final investment decisions (FIDs) to double next year and exceed pre-pandemic levels from 2022 Offshore commitments are now expected to reach $34 billion in 2020, down from 2019&rsquo s $101 billion The consultant estimates total sanctioning to bounce back to around $100 billion in 2021, primarily supported by offshore projects, whose value is forecasted at $64 billion for the year. Although lagging onshore projects are projected to only account for $36 billion in 2021, they will see a steep rise in 2022 to around $100 billion, topping the expected $95 billion worth of offshore commitments that year
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