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SEMBMARINE - A NEW CHAPTER - DEMERGED Post Reply Rate topic
better Elite	29-Oct-2020 00:09        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe that it is a matter of time that SCI does a rights issue to recapitalise, with Temasek' s support. They can hang on for another year or two. If nothing is done by then, they would likely be going the hyflux way.
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better Elite	28-Oct-2020 23:47        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	The signs seem to be pointing that direction. The story I believe is as follow: Temasek originally wanted to increase its stake in Keppel to 51% first, then attempt a merger of SMM and Keppel O& M next year. However, SCI has a cash crunch and cannot Tahan to support SMM until next year. So Temasek has to take SCI off the hook first with the rights issue. After that, they got Keppel to declare a disastrous Q2 so they can pull out of the buyout offer. (Keppel made some significant write offs that they do not really need to make. I was a little puzzled when I saw their H1 Fin Statement).  Shortly, Keppel announced that they are doing a strategic review of their biz., specially mentioning the O& M part. As SMM management is currently in the midst of the merger discussion with Temasek and Keppel, they have to refrain from making any comment to avoid any complication. Otherwise, ordinarily, they should be making annoucement after announcement after the rights issue to shore up support for the company. I was finding this a bit puzzling. If the story above is anywhere near what transpired, then it all make sense to me now.
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better Elite	28-Oct-2020 23:19        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	First time watching the video, Thanks! Seems like if it were to happen, it would be temasek buying Keppel O& M from Keppel Corp first (likely using part of the S$4.1 billion they year mark originally for the Keppel buyout) and SMM issue additional shares to Temasek to absorb Keppel O& M into their book. SMM could also issue shares to Keppel if they want to take a partial stake (say 10-30%) in the combined entity to particpate in the recovery of offshore marine sector. Since Temasek owns 42.6% of SMM and only 20.1% of Keppel, we know that SMM will get a decent deal, given their interest is also at stake.   naoshingo      ( Date: 28-Oct-2020 21:56) Posted: For all SM SH, please watch again if you haven' t. https://www.youtube.com/watch?v=r8cSqG5-_R0 DYODD!!!!!
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TA_Expert Supreme	28-Oct-2020 23:19        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Yes, SCI holders with free SMM shares will cash out. No point keeping it as it keeps sinking. alwayshopeful      ( Date: 28-Oct-2020 21:59) Posted: Must be some funds that used to own SCI. Now have so many SCM shares that want to get rid of. This is the problem with the demerger exercise. Because net net the fund still make. weishent      ( Date: 28-Oct-2020 16:57) Posted: That seller so super power have so much to sell till new 52 weeks low of .128. faint le
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uiop1223 Supreme	28-Oct-2020 22:08        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So sad... no shares available to borrow to short
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alwayshopeful Senior	28-Oct-2020 21:59        alwayshopeful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Must be some funds that used to own SCI. Now have so many SCM shares that want to get rid of. This is the problem with the demerger exercise. Because net net the fund still make. weishent      ( Date: 28-Oct-2020 16:57) Posted: That seller so super power have so much to sell till new 52 weeks low of .128. faint le
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naoshingo Elite	28-Oct-2020 21:56        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	For all SM SH, please watch again if you haven' t. https://www.youtube.com/watch?v=r8cSqG5-_R0 DYODD!!!!!
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St.Maximus Supreme	28-Oct-2020 20:39        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	No they are not, one sings, the other buys naoshingo      ( Date: 28-Oct-2020 18:46) Posted: ADS2200 Lol...how come I got a feeling you and bro better are the same person?  ADS2200      ( Date: 28-Oct-2020 18:20) Posted: still looking for direction. quite beautiful hor out in the sea. everyone got excited  human is very interesting cruise to nowhere also happy, thankfully sia cancelled fly to nowhere. sometimes just drive out and come home also feel different. we are definitely going somewhere but must wait lor sing some songs lah and play some games. not sure the ship got facilities like restaurants, karaoke, ....
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ADS2200 Veteran	28-Oct-2020 20:09        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ta_expert, you should be happy waiting is coming to an end soon why an aeroplane reaching the destination, pilot need to circle and burn away axcess fuel before landing.  how many time going round in circle. i think you loss count already. right ? it is about to make the landing.  control tower, please get ready the landing strip. thank you champagne please  Longtermer      ( Date: 28-Oct-2020 09:35) Posted: Yes, just need patience for SMM to recover. The whole BOD are vested together with TH at min 20c.. Those who are vested way below them are not jokers.. Dyodd.   Alson18      ( Date: 28-Oct-2020 09:26) Posted: This is surely comforting news for SMM investors! Looking forward to SMM recovering for all the negative news and certainly profitable in the near future. Thks for this input👍 👏
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TA_Expert Supreme	28-Oct-2020 18:46        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Looked at how the sellers sold down the stock today.
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naoshingo Elite	28-Oct-2020 18:46        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	ADS2200 Lol...how come I got a feeling you and bro better are the same person?  ADS2200      ( Date: 28-Oct-2020 18:20) Posted: still looking for direction. quite beautiful hor out in the sea. everyone got excited  human is very interesting cruise to nowhere also happy, thankfully sia cancelled fly to nowhere. sometimes just drive out and come home also feel different. we are definitely going somewhere but must wait lor sing some songs lah and play some games. not sure the ship got facilities like restaurants, karaoke, ..... bystander1965      ( Date: 28-Oct-2020 17:20) Posted: To where
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danger Supreme	28-Oct-2020 18:26        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	bro better is a bankrupt paper trader from $1+ price St.Maximus      ( Date: 28-Oct-2020 18:01) Posted: How about queueing once a month? Really sincerely asking you not so often to buy if you must better      ( Date: 28-Oct-2020 17:43) Posted: Was queuing to buy at 12.7 today, but did not get. Will queue again tomo.
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St.Maximus Supreme	28-Oct-2020 18:25        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nothing is guaranteed in business. We are subject to the winds.
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bystander1965 Supreme	28-Oct-2020 18:23        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	I hope it's not a aimless cruise. Better sail towards the profit land. ADS2200      ( Date: 28-Oct-2020 18:20) Posted: still looking for direction. quite beautiful hor out in the sea. everyone got excited  human is very interesting cruise to nowhere also happy, thankfully sia cancelled fly to nowhere. sometimes just drive out and come home also feel different. we are definitely going somewhere but must wait lor sing some songs lah and play some games. not sure the ship got facilities like restaurants, karaoke, ..... bystander1965      ( Date: 28-Oct-2020 17:20) Posted: To where
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ADS2200 Veteran	28-Oct-2020 18:20        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	still looking for direction. quite beautiful hor out in the sea. everyone got excited  human is very interesting cruise to nowhere also happy, thankfully sia cancelled fly to nowhere. sometimes just drive out and come home also feel different. we are definitely going somewhere but must wait lor sing some songs lah and play some games. not sure the ship got facilities like restaurants, karaoke, ..... bystander1965      ( Date: 28-Oct-2020 17:20) Posted: To where? ADS2200      ( Date: 28-Oct-2020 17:18) Posted:
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St.Maximus Supreme	28-Oct-2020 18:01        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	How about queueing once a month? Really sincerely asking you not so often to buy if you must better      ( Date: 28-Oct-2020 17:43) Posted: Was queuing to buy at 12.7 today, but did not get. Will queue again tomo.
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St.Maximus Supreme	28-Oct-2020 17:51        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I guess 20 cents is the par value of SMM shares. i.e. Share capital divided by the number of shares.  ss2017.      ( Date: 28-Oct-2020 17:36) Posted: Who set it at 20c? Why not 30c or 10c? St.Maximus      ( Date: 28-Oct-2020 17:25) Posted: If the rights issue price was set at say 10 cents, today, it will be 5 cents. No protection at whatever price. No capital protection at all because TH is not willing to on business principles.
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better Elite	28-Oct-2020 17:43        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Was queuing to buy at 12.7 today, but did not get. Will queue again tomo.
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ss2017. Supreme	28-Oct-2020 17:36        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who set it at 20c? Why not 30c or 10c? St.Maximus      ( Date: 28-Oct-2020 17:25) Posted: If the rights issue price was set at say 10 cents, today, it will be 5 cents. No protection at whatever price. No capital protection at all because TH is not willing to on business principles.
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Hector Veteran	28-Oct-2020 17:27        Hector About Contact  Quote this Post!
x 0   x 0  Alert Admin	But the right issue price must have been calculated and then set at 0.2 isnt?
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