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SembCorp Marine- The new Frontier. Post Reply Rate topic
pkli899 Supreme	25-Jun-2021 16:26        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t go away. Need u to be around in this crucial period. Like to hear your view. better      ( Date: 25-Jun-2021 16:22) Posted: Hi guys, do you miss me? Have been busy today selling a big chunk of my holdings at 14+cents (most of it bought at average 15+cents after last year' s rights issue). Took the loss to make sure I raise enough funds to fully subscribe to the $0.08 rights. Pretty painful. The rights issue did caught me off guard. Did not expect them to go for this nuclear option so soon after securing the S$500 green loan from DBS. Temasek is more than happy to go along. I guess the contritbutory factors are that they need the extra cash to provide for the Transocean financing and also working capital when they secure the cambo and witsing fpso and other mega deals. This shall be my last conment until after the rights issue when I might recommence my daily purchase program. Trade safe and adious!
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desmodeus Veteran	25-Jun-2021 16:26        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	one can have the biggest yard and the richest parent, it is irrelevant if it cannot compete against the likes of SK and China. No orders, mouthball. Fundamental thing like welding also can screwed up dingbat      ( Date: 25-Jun-2021 16:10) Posted: In a move expected to immediately depress Sembmarine' s shares from the dilution effect, the company separately announced on Thursday that it will  seek fresh funds via a fully underwritten $1.5 billion renounceable rights issue.  In September last year, Sembmarine raised $2.1 billion in a similar exercise following its demerger from Sembcorp Industries. CGS-CIMB analyst Lim Siew Khee suggested that long-term Sembmarine shareholders take up the rights, saying that a combined entity would be &ldquo the only mega yard in the region&rdquo , and backed by Temasek to boot. However, Ms Lim warned that investors should be prepared for near-term challenges such as widening losses at the combined entity. The analyst has a target valuation of 22.6 cents on Sembmarine.
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y2jchris Veteran	25-Jun-2021 16:24        y2jchris About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont know is it mis-management anot. but every CEO will sure ownself pay ownself fat bonus? I doubt they have kept many cash provision like a traditional business.. the way they run the business thinks it will huat +3% more than previous year.. must as well ownself pay ownslef bonus.. after all... the next incoming CEO gets the sucker punch.. typical.. back then keppel so huat that time.. everyone flex 8-13 month bonus? Who knew oil price will drop like grapes... but whover decide all these.. no longer with these companies what... #hardtruthofthese company  TA_Expert      ( Date: 25-Jun-2021 16:16) Posted: You are right. Many people are disillusioned that the fate of the company ties with the oil price. Even if oil price is $100 or higher, it does not mean that SMM could turnaround. The result of SMM is due to the mismanagement of the company, just like Hyflux. After the merger with Keppel Marine, Temasek may delist or sell the new entity as it did in NOL and Chartered Semi.  crouchingtiger      ( Date: 25-Jun-2021 15:24) Posted: I cut my loss alr. Buay tong. Right approach was to sell in morning. They got research houses to release their sell reports during lunch which has allowed shortists to gain control. Hard for prices to come back to 17c as well even if oil goes to $100. SMM themselves saying that focus now not on oil but renewables.
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better Elite	25-Jun-2021 16:22        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi guys, do you miss me? Have been busy today selling a big chunk of my holdings at 14+cents (most of it bought at average 15+cents after last year' s rights issue). Took the loss to make sure I raise enough funds to fully subscribe to the $0.08 rights. Pretty painful. The rights issue did caught me off guard. Did not expect them to go for this nuclear option so soon after securing the S$500 green loan from DBS. Temasek is more than happy to go along. I guess the contritbutory factors are that they need the extra cash to provide for the Transocean financing and also working capital when they secure the cambo and witsing fpso and other mega deals. This shall be my last conment until after the rights issue when I might recommence my daily purchase program. Trade safe and adious!
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TA_Expert Supreme	25-Jun-2021 16:21        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Even the analyst' s TP is only 0.226 after the merger. Retails lose big time while SCI and KC laughing their ways to the banks. SMM shareholders are gullible to continue to give free money. dingbat      ( Date: 25-Jun-2021 16:10) Posted: In a move expected to immediately depress Sembmarine' s shares from the dilution effect, the company separately announced on Thursday that it will  seek fresh funds via a fully underwritten $1.5 billion renounceable rights issue.  In September last year, Sembmarine raised $2.1 billion in a similar exercise following its demerger from Sembcorp Industries. CGS-CIMB analyst Lim Siew Khee suggested that long-term Sembmarine shareholders take up the rights, saying that a combined entity would be &ldquo the only mega yard in the region&rdquo , and backed by Temasek to boot. However, Ms Lim warned that investors should be prepared for near-term challenges such as widening losses at the combined entity. The analyst has a target valuation of 22.6 cents on Sembmarine.
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sheerluck Supreme	25-Jun-2021 16:20        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Asking shareholders for money again after one year.  Think will be annual event.  Since oil price collapse in 2014 till now COVID-19, Sembcorp Marine already downhill.  Transformation to clean and green energy is the way to go but will take a long time as it so deeply rooted in oil-related industry.  Dont think this is the right time to put money into Sembcorp Marine even with possible merger with KOM.  Think still got room to drop further.  Might go into the 0.116 - 0.12 range.
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TA_Expert Supreme	25-Jun-2021 16:18        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Yes, a lot of margin calls will be triggered. Brokers are busying calling their clients to top up or force sell. ahhuat08      ( Date: 25-Jun-2021 15:29) Posted: tons of force selling and margin call goin on right now, and this is only the first day of plunge
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Starship Supreme	25-Jun-2021 16:18        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembmarine shares dive, Keppel rises a day after potential merger announced FRI, JUN 25, 2021 - 4:00 PM BOTH  Sembcorp Marine: S51 -26.18%  (Sembmarine) and  Keppel Corp: BN4 +5.87%  were heavily traded on Friday morning as both companies  inked a memorandum of understanding to explore a merger  between the former and Keppel Offshore & Marine (Keppel O& M). Sembmarine also announced that it was planning an additional S$1.5 billion rights issue in a bourse filing on Thursday evening. As at 9.04am, Sembmarine was down 24.7 per cent or 4.7 Singapore cents to 14.4 cents after 114.1 million shares had changed hands. Shares of the counter were still down 22.5 per cent or 4.3 cents to S$0.15 as at 11.55am. As at 9.46am, Keppel was up 6.5 per cent or S$0.33 to S$5.44 after 8.7 million shares were traded. Shares of the counter later eased to S$5.40, up S$0.29 or 5.7 per cent as at 11.55am. There were no married deals according to ShareInvestor Data.  In a briefing on Friday, UOB Kay Hian analyst Adrian Loh expected Sembmarine&rsquo s rights issue would be taken badly by the market, although he maintained &ldquo hold&rdquo on the counter with a fair value of S$0.18.  He said that while the company&rsquo s rights issue would reduce the net gearing ratio of the company from 0.75 times to 0.25 times, Keppel will receive shares and a cash consideration of up to S$500 million in the potential merger.  Sembmarine&rsquo s proposed fully committed, renounceable rights issue will be for up to 18.83 billion new shares on the basis of three new shares for every two existing shares held, at S$0.08 per share. This comes after an earlier S$2.1 billion rights issue in September last year, and is expected to be completed in the third quarter of this year.  &ldquo Adding to the negative sentiment is the fact that Keppel Corp has stated its intention to distribute all of its shares in the combined entity to its shareholders, thus setting up a similar ' selling pressure' scenario for Sembcorp Marine post its demerger with Sembcorp Industries in 2020,&rdquo Mr Loh said.  Furthermore, Lim & Tan Securities said in a research note on Friday that Sembmarine continues to face Covid-19 supply chain constraints and a shortage of skilled workers since foreign workers have not been able to return from India and Bangladesh, further delaying project completion. Still, they expect the recapitalisation of Sembmarine through the rights issue to help it meet operational funding requirements and &ldquo strengthen lenders&rsquo and customers&rsquo confidence in their continued partnerships with Sembcorp Marine&rdquo .  The firm also believes that the merged entity &ldquo would create a stronger player to capitalise on growing opportunities in the O& M, renewable and clean energy sectors&rdquo .  &ldquo The combined entity would be better positioned to compete for larger contracts, whilst pursuing the synergies that can arise from the increased operational scale, broader geographic footprint and enhanced capabilities of a larger entity,&rdquo the firm said.  Regarding Keppel&rsquo s part in the potential merger, Mr Loh noted that it would allow the company to substantially exit the offshore and marine industry.  While the deal is not final, Keppel is expected to get an undisclosed number of shares in the combined entity as valuation of the assets are still being worked out, on top of the S$500 million in cash from Sembmarine.  Keppel is also expected to pay out the S$500 million as a special dividend to shareholders if it cannot find any projects in other business units to invest in.  Maintaining &ldquo buy&rdquo on Keppel with a target price of S$6.37, Mr Loh said that the  sum-of-the-parts valuation of Keppel&rsquo s O& M unit at S$100 million would be accretive to the  target price. &ldquo Despite the lack of valuation numbers, we view the developments as generally positive given that Keppel will have offloaded a large part of its offshore marine exposure at the end of this process, if it goes through, and moves it closer towards its goal of generating more earnings via recurring income (instead of via order book) and sustainable solutions,&rdquo Mr Loh said. https://www.businesstimes.com.sg/companies-markets/sembmarine-shares-dive-keppel-rises-a-day-after-potential-merger-announced
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Isolator Supreme	25-Jun-2021 16:18        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Is proper deal for long run... time out for now..
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TA_Expert Supreme	25-Jun-2021 16:16        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	You are right. Many people are disillusioned that the fate of the company ties with the oil price. Even if oil price is $100 or higher, it does not mean that SMM could turnaround. The result of SMM is due to the mismanagement of the company, just like Hyflux. After the merger with Keppel Marine, Temasek may delist or sell the new entity as it did in NOL and Chartered Semi.  crouchingtiger      ( Date: 25-Jun-2021 15:24) Posted: I cut my loss alr. Buay tong. Right approach was to sell in morning. They got research houses to release their sell reports during lunch which has allowed shortists to gain control. Hard for prices to come back to 17c as well even if oil goes to $100. SMM themselves saying that focus now not on oil but renewables.
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watashievil Master	25-Jun-2021 16:15        watashievil About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think low get lower~ more sellers gonna come out before closing. shorts should be only a small number compared to the numbers trying to exit.
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Starship Supreme	25-Jun-2021 16:13        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	josemmm123      ( Date: 25-Jun-2021 15:27) Posted: I read this last year during semb ind and sembmarine ..... same thing happening again within a year.. alamak newbie1118      ( Date: 25-Jun-2021 15:14) Posted: Retail investors got fuxk big time really will take dont know how long to recover.
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Trader1987 Veteran	25-Jun-2021 16:11        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Overall still up la, the recent low was $0.113. Long way to go (to below $0.08) talonn      ( Date: 25-Jun-2021 16:07) Posted: Officially the worst sg performing stock in 2020/2021?
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dingbat Veteran	25-Jun-2021 16:10        dingbat About Contact  Quote this Post!
x 0   x 0  Alert Admin	In a move expected to immediately depress Sembmarine' s shares from the dilution effect, the company separately announced on Thursday that it will  seek fresh funds via a fully underwritten $1.5 billion renounceable rights issue.  In September last year, Sembmarine raised $2.1 billion in a similar exercise following its demerger from Sembcorp Industries. CGS-CIMB analyst Lim Siew Khee suggested that long-term Sembmarine shareholders take up the rights, saying that a combined entity would be &ldquo the only mega yard in the region&rdquo , and backed by Temasek to boot. However, Ms Lim warned that investors should be prepared for near-term challenges such as widening losses at the combined entity. The analyst has a target valuation of 22.6 cents on Sembmarine.
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y2jchris Veteran	25-Jun-2021 16:10        y2jchris About Contact  Quote this Post!
x 0   x 0  Alert Admin	US stocks are the way to go man. I saw one company tried to privatized at a much-discounted rate... then some retail investor(some baller).. engage a law firm to question... then raised buyback from 71 to $92.. I guess that' s USA stock power.. Here.. too bad we poor kid.. unless you very rich man.. if not must play with the rules..    crouchingtiger      ( Date: 25-Jun-2021 16:01) Posted: How can Singaporeans grow our savings in the stock market if all the Temasek linked companies like that. No accountability.
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Observers Elite	25-Jun-2021 16:10        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA already one big black bottomless pit in Temasek pocket, this one can only leave it to self-save? crouchingtiger      ( Date: 25-Jun-2021 16:01) Posted: How can Singaporeans grow our savings in the stock market if all the Temasek linked companies like that. No accountability.
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TraderBen Supreme	25-Jun-2021 16:10        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Means no one in a rush to cover. Maybe last minute Can see 145/146? By right this price is mot even terp if buy now at subscribe to the rights. U will get ur SMM holdings below 10 cents which is quite a bargain. niteowl68      ( Date: 25-Jun-2021 16:06) Posted: Strange as top Vol and 853M done.. at 140 is trading near day low of 139... means all who bought today if contra off will lose money???  Too many shorts??
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Trader1987 Veteran	25-Jun-2021 16:09        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What if you hold Keppel instead of Semb Marine, will you still talk the same way? 😁 😁 crouchingtiger      ( Date: 25-Jun-2021 16:01) Posted: How can Singaporeans grow our savings in the stock market if all the Temasek linked companies like that. No accountability.
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SinglePore Member	25-Jun-2021 16:08        SinglePore About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sharejunction was down just now, probably to calm down nervous people posting negative views. With gov poured so tens of billions of dollar to people, Singaporeans nowadays have a lot of cash to subscribe SMM, which is only S$1.5B. No worry, the amount is insignificant to what the gov has given to you all. Money flows from the right will flow back to the left side.
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Observers Elite	25-Jun-2021 16:07        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	traffic so heavy i got an error screen just now when i refresh the website.
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