Back

Latest Forum Topics / Seatrium    Last:0.091 --

Post Reply

SembCorp Marine- The new Frontier. Post Reply Rate topic
mkaung2000 Veteran	29-Jun-2021 11:47        mkaung2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why you guys can' t let go this one? Just let go. If not, will miss other opportunities. My one and half cent!
Useful To Me  Not Useful To Me
ICXGOLD Master	29-Jun-2021 11:43        ICXGOLD About Contact  Quote this Post!
x 1   x 0  Alert Admin	Keyword in Morgan Stanley press release = " May" Rule 14 requires any person aquiring more than 30% voting rights to make an offer. That threshold was already crossed at the last rights and covered using the whitewash agreement Rule 14 also states if parties acting in concert aggregate and hold between 30-50% of voting rights and since startree has 43% already this also was covered by the whitewash agreement last year.  And since the last rights was more than 6 months back the 1% increase in voting rights also does not apply. However following the rights all these 3 conditions are met and the offer becomes mandatory. As mentioned before. The unconditional cash offer is not generally based on NAV but based on premium over  The LTP,  average price over past 3 /6 months etc    So any offer from TH will be after the rights
Useful To Me  Not Useful To Me
Ervengers Member	29-Jun-2021 11:33        Ervengers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Been following this thread for a while now and finally decided to sign up and give my 2 cents worth.  I was in the industry since early 2010s, back then traded SMM at $4-$5 when O& G is the pillar of SG economy, together with Kep + many other smaller players (Ezra, Ezion, Viking, Swiber, technics) which many of these were history now. Singapore has been positioned as an O& G hub in the global arena since eons back and we created this &ldquo competitive advantage&rdquo for ourselves hence it make sense for our govt to protect this industry dearly.  By protecting, it also means slowdown green adoption such as EVs, Solar that has gain so much traction in the last 3 years. Well by kicking the can down the road, this only means O& G is just moving between normal ward to HDU and finally to ICU. Take a step back now and look at the broader picture from SGX history perspective, many valued companies have been delisting (high profile ones like F& N, Kepland, UE to Cityneno just to name a few). Whether they are done at an appropriate fair value, I leave that to the floor to judge. If you look at the performance of GLCs (Singtel, SPH, SIA, ST engineering with the exception of DBS) has been lacklustre comparative to benchmark or peers (particularly US). It makes me ponder why are we continuously supporting these pilot in C suit CEOs who just not &ldquo rock the boat&rdquo .. My final take, SMM maybe/will be going down as one of the rug pull by Temasek. Using it as a dumping ground to salvage whatever value that&rsquo s left with SCI & KEP, well 1 going down is better than all 3 going down right? Eventually, minority shareholders like us bore the brunt. When we talk about ESG and governance in Singapore. Think thrice again.. Vested, Sub in last round of issuance. Gave up on SG market since 2014 S-chip (china) Scandal, ALB saga 2013..   < Reposting>
Useful To Me  Not Useful To Me
bystander1965 Supreme	29-Jun-2021 11:23        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	TH is a business entity not charity. Whatever decision they make is to benefit itself and its shareholders, not shareholders of other entities. So don't bank on it rescuing your position. If they happen to help you it is purely coincidental. Always dyodd and decide for yourselves. Same goes with all those analysts report, all have their own agenda.
Useful To Me  Not Useful To Me
boyboy61 Supreme	29-Jun-2021 11:17        boyboy61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	asking you to sell so that they can buy.................... piscesmonkey      ( Date: 29-Jun-2021 11:09) Posted: Analysts bearish on Sembcorp Marine following merger and rights issue announcement http://www.theedgesingapore.com/capital/brokers-calls/analysts-bearish-sembcorp-marine-following-merger-and-rights-issue
Useful To Me  Not Useful To Me
ICXGOLD Master	29-Jun-2021 11:16        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is what SGX SMARTKARMA has to say about the outlook for SCM as on 25th June " We expect Sembcorp Marine (SMM SP) shares to open lower and possibly trade lower in the near-term. The stock trades at high valuations and shareholders looking at the longer term price charts have a right to be wary." With regards to DBS they have nothing to lose as they have agreed to underwrite 33% IF its undersubcribed. In which case TH will already be making a Mandatory offer. DBS in fact would have acquired the shares at 0.08 and any Mandatory offer would land it with a profit of few hundred million if they dont manage to place those shares with institutional investors overseas, as opposed to a loss. Investments banks don' t make decisions, knowing they will lose money.
Useful To Me  Not Useful To Me
bystander1965 Supreme	29-Jun-2021 11:11        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Where is that 50% requirement coming from? TH holds 42%, and if they increase it by another % in 6 months period which it would due to rights, it has to make an obligatory TO. It does not mean mandatory TO. SH minus TH can decide to accept or not. ICXGOLD      ( Date: 29-Jun-2021 11:03) Posted: For TH to make any mandatory offer they need to subcribe for atleast 58+% of the new rights. They have agreed to subcribe upto 67% however, whether they cross the 50% Mandatory offer threshold solely depends on the level of subcription of existing small shareholders. So its premature to bet on a privatisation or Mandatory offer before the rights exercise.  Its also interesting to note investors are counting chickens before the eggs hatch, by estimating TH will put in an offer around 0.15 - 0.16. As far as the mandatory offer is concerned it will be made based on the price its trading at the time. For example if most small shareholders don' t subcribe and overall its undersubscribed then TH will reach the required threshold in which case the price will be trading around the rights price. And the offer could sound amazing at the time it they said " consideing the company is loss making but seeing a potential for the future, we make a Mandatory offer to acquire all shares in the company at a premium of 20-40% based on its LTP of 0.08" which at the time for those that subcribed to the rights will be a good deal but TH are under no requirement to bid close to NAV. They are in the  business of making money, so please don' t bet entirely on getting a fortune from them. They news yesterday was just to try and give a reminder they IF they cross 50%, which they MAY or MAY NOT, They will follow the rules at the time. And give some hope to investors to halt the falling knife.
Useful To Me  Not Useful To Me
piscesmonkey Supreme	29-Jun-2021 11:09        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Analysts bearish on Sembcorp Marine following merger and rights issue announcement http://www.theedgesingapore.com/capital/brokers-calls/analysts-bearish-sembcorp-marine-following-merger-and-rights-issue
Useful To Me  Not Useful To Me
ICXGOLD Master	29-Jun-2021 11:03        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	For TH to make any mandatory offer they need to subcribe for atleast 58+% of the new rights. They have agreed to subcribe upto 67% however, whether they cross the 50% Mandatory offer threshold solely depends on the level of subcription of existing small shareholders. So its premature to bet on a privatisation or Mandatory offer before the rights exercise.  Its also interesting to note investors are counting chickens before the eggs hatch, by estimating TH will put in an offer around 0.15 - 0.16. As far as the mandatory offer is concerned it will be made based on the price its trading at the time. For example if most small shareholders don' t subcribe and overall its undersubscribed then TH will reach the required threshold in which case the price will be trading around the rights price. And the offer could sound amazing at the time it they said " consideing the company is loss making but seeing a potential for the future, we make a Mandatory offer to acquire all shares in the company at a premium of 20-40% based on its LTP of 0.08" which at the time for those that subcribed to the rights will be a good deal but TH are under no requirement to bid close to NAV. They are in the  business of making money, so please don' t bet entirely on getting a fortune from them. They news yesterday was just to try and give a reminder they IF they cross 50%, which they MAY or MAY NOT, They will follow the rules at the time. And give some hope to investors to halt the falling knife.
Useful To Me  Not Useful To Me
Yatsa13 Veteran	29-Jun-2021 10:54        Yatsa13 About Contact  Quote this Post!
x 0   x 0  Alert Admin	traderben,  anyway i am prepared.  vested dyodd TraderBen      ( Date: 29-Jun-2021 10:07) Posted: TBH.. its ur money and its up to you to decide. I have posted i have cut loss and got out of this mess. From my perspective, i see that T is trying to forced SMM SH to pay off its debts and then make a low ball offer to take it private.. still DYODD Yatsa13      ( Date: 29-Jun-2021 09:52) Posted: traderben, you are probably the category that want others to sell, as i said spent the whole of last night reading all the good, bad and ugly comments. don' t do rubbish to others. temasek has made it clear, the rights must go thru to the other side. if i rmb correctly temasek took a controlling stake in olam to fend off attacks from someone who shorted big time. still think lobster is balance with his comments. today vol is low. q at 13c left with 2m+   should be getting it
Useful To Me  Not Useful To Me
Yatsa13 Veteran	29-Jun-2021 10:51        Yatsa13 About Contact  Quote this Post!
x 0   x 0  Alert Admin	if i have not painstaking go thru all the comments, i won' t buy at 13c. no way it was because my stake in kc, heard there was announcement yeaterday by temasek, then i try to understand what it going on. if temasek has not made the announcement, agreed with what you said, don' t even touch. lobster, is not saying there won' t be issue but this rights issue is definitely going over to the other side. with the money raise, smm can stay in the fight.  vested 13c and plus my free jv shares.  will go for the rights  if i got my sum correct, my ave is 6c.  Lobster      ( Date: 28-Jun-2021 23:35) Posted: Me have doubt? Read my posts carefully again. I would say the signs and perception of the public is that it is going to be a complete takeover. But it won' t be exactly. It will be a takeover OFFER, not an unconditional takeover. don' t expect temasek to take the company private, and run it itself. as I said, Temasek will want to keep the company listed, and so along the way, it will set the situation as such. Expect all kinds of peculiar actions, you won' t know exactly their moves. but one thing is for sure, it will not let the price gets too near the issue price. In fact anything below 50% of issue price which is 4 cents  will be deemed as unattractive and failing So, tomorrow if the price goes green against today' s closing, it will proves my theory is 100% spot on. from there on, a lot of cat and mouse games between the pessimists and the longists As I often said, the black market is never wrong on such speculation. Abe2021      ( Date: 28-Jun-2021 22:14) Posted: Possible mandatory takeover ... why do you have doubt ? Think again and you will know the answer. No need to doubt  This rights must move ahead. Dyodd think again. You are thinking about money, T is think about the future More will be announced.
Useful To Me  Not Useful To Me
weekaykee Master	29-Jun-2021 10:29        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is a possibility TH will not need to launch any mandatory takeover offer since the rights could be not only fully but grossly oversubsribed. Just look at the  number here who have expressed their strategy of selling everything now, holding only a small amount and then applying for excess rights.  Trader1987      ( Date: 29-Jun-2021 10:26) Posted: DON TOUCH. $0.08 also not sure if anybody wan, don talk about $0.15 weekaykee      ( Date: 29-Jun-2021 10:23) Posted: Question is how much will be the low ball takeover offer. Even at 15 cts, many could be laughing to the bank, if they subscribe to the rights. As some have said, those who got their free shares from SCI or bought SCM below 20 cts are still very much in the game and could come out winners once the dust settles. Only thing that has changed is that more long term investors would now be forced to become short term traders.
Useful To Me  Not Useful To Me
zillion Master	29-Jun-2021 10:29        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most times it takes 3 days to lighten institution funds position. Can see stability now. Only now research interviews will say gone case la. First day on moneyfm radio Terence of Philip Cap kept stammering when asked of the merger.
Useful To Me  Not Useful To Me
ahbui8 Master	29-Jun-2021 10:27        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t think is supporting, mostly if all selling at 0.13 is going to lose big time, I believe now is belong to BBs playground liao, see fresh fund come in to buy or short. haizzz for me side line with huge paper loss , still figuring what is my next move rlong8288      ( Date: 29-Jun-2021 09:59) Posted:   Someone is supporting at .13 since yesterday DYODD
Useful To Me  Not Useful To Me
Trader1987 Veteran	29-Jun-2021 10:26        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DON TOUCH. $0.08 also not sure if anybody wan, don talk about $0.15 weekaykee      ( Date: 29-Jun-2021 10:23) Posted: Question is how much will be the low ball takeover offer. Even at 15 cts, many could be laughing to the bank, if they subscribe to the rights. As some have said, those who got their free shares from SCI or bought SCM below 20 cts are still very much in the game and could come out winners once the dust settles. Only thing that has changed is that more long term investors would now be forced to become short term traders.  TraderBen      ( Date: 29-Jun-2021 10:07) Posted: TBH.. its ur money and its up to you to decide. I have posted i have cut loss and got out of this mess. From my perspective, i see that T is trying to forced SMM SH to pay off its debts and then make a low ball offer to take it private.. still DYOD
Useful To Me  Not Useful To Me
dcproperty Senior	29-Jun-2021 10:25        dcproperty About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great! Please go and short SCM all the way to $0.04. Prove youself a much better investor than DBS. From now $0.13 to $0.04, you can potentially make 225%. Maybe you will be much better than Warren Buffett uiop1223      ( Date: 29-Jun-2021 09:47) Posted: Come on? such $495m is a drop in ocean for DBS but worth a lot to SMM. Remember DBS got hit by a $700m+ write off for loans to oil related company (ye ? It share price recovered immediately. Richardlai      ( Date: 29-Jun-2021 09:28) Posted: This is small change for DBS. They can squeeze it back from its customers like us oops
Useful To Me  Not Useful To Me
weekaykee Master	29-Jun-2021 10:23        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Question is how much will be the low ball takeover offer. Even at 15 cts, many could be laughing to the bank, if they subscribe to the rights. As some have said, those who got their free shares from SCI or bought SCM below 20 cts are still very much in the game and could come out winners once the dust settles. Only thing that has changed is that more long term investors would now be forced to become short term traders.  TraderBen      ( Date: 29-Jun-2021 10:07) Posted: TBH.. its ur money and its up to you to decide. I have posted i have cut loss and got out of this mess. From my perspective, i see that T is trying to forced SMM SH to pay off its debts and then make a low ball offer to take it private.. still DYODD Yatsa13      ( Date: 29-Jun-2021 09:52) Posted: traderben, you are probably the category that want others to sell, as i said spent the whole of last night reading all the good, bad and ugly comments. don' t do rubbish to others. temasek has made it clear, the rights must go thru to the other side. if i rmb correctly temasek took a controlling stake in olam to fend off attacks from someone who shorted big time. still think lobster is balance with his comments. today vol is low. q at 13c left with 2m+   should be getting it
Useful To Me  Not Useful To Me
TraderBen Supreme	29-Jun-2021 10:07        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	TBH.. its ur money and its up to you to decide. I have posted i have cut loss and got out of this mess. From my perspective, i see that T is trying to forced SMM SH to pay off its debts and then make a low ball offer to take it private.. still DYODD Yatsa13      ( Date: 29-Jun-2021 09:52) Posted: traderben, you are probably the category that want others to sell, as i said spent the whole of last night reading all the good, bad and ugly comments. don' t do rubbish to others. temasek has made it clear, the rights must go thru to the other side. if i rmb correctly temasek took a controlling stake in olam to fend off attacks from someone who shorted big time. still think lobster is balance with his comments. today vol is low. q at 13c left with 2m+   should be getting it  TraderBen      ( Date: 29-Jun-2021 09:40) Posted: pray hard dont have another short wave coming..will bring it down to 10 cents.
Useful To Me  Not Useful To Me
uiop1223 Supreme	29-Jun-2021 10:06        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Burn all ?long term? shareholders 😂 😂 😂 Dont know when to cut loss and still living in 1970s when oil is gold. The world is going green.
Useful To Me  Not Useful To Me
rlong8288 Master	29-Jun-2021 09:59        rlong8288 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Someone is supporting at .13 since yesterday DYODD
Useful To Me  Not Useful To Me

                                                         First   < Newer   10101-10120 of 17131   Older>   Last