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SembCorp Marine- The new Frontier.
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Layman
Member |
01-Jul-2021 12:48
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Hi @MANFREDTMK, do you happen to be from soci?
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y2jchris
Veteran |
01-Jul-2021 12:43
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Based on your logic Is splitting 5: 1 care for investors? 1 year ago... And are you buying in more shares now?   
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Octavia
Supreme |
01-Jul-2021 12:38
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Project win announcement come out as the stock price dropped a few consecutive days. So zhun🤣 | ||||
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newbie19
Supreme |
01-Jul-2021 12:22
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As if you can predict the price movements to even 6-8 cts...
Bravo!!!
Can you predict roughly how many kids i have and age???
🤣 🤣 🤣 🤣
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Stocky901
Supreme |
01-Jul-2021 12:18
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Jialat 0.19x dropped to 0.12x still long. must be very stressed. Better chop off..
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SeniorTrader
Senior |
01-Jul-2021 12:09
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Today may up to 13cent and above before closed.
Huat lah....
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Calmroom
Master |
01-Jul-2021 12:05
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Close to 70m shares traded at 12.2c before lunch.  ![]() Normal sellers would have taken this as a strong hint they will have no problem selling at 12.3c or higher. But still they stubbornly keep dumping at 12.2c. These are definitely not normal sellers.  |
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tonyja
Elite |
01-Jul-2021 12:04
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Sembcorp Marine&rsquo s Brazilian Yard Secures Modification Work on Tupi B.V. FPSO P-71 for Deployment at Itapu FieldSingapore, 30 June 2021 &ndash   Sembcorp Marine Ltd, through its wholly owned subsidiary, Estaleiro Jurong Aracruz (EJA), has secured an Amendment Contract from Tupi B.V. valued at about USD175 million (approximately SGD230 million) for modification work to be completed on the Floating Production Storage and Offloading (FPSO) P-71 oil and gas vessel. Originally designed for the Tupi field, the FPSO P-71 will undergo modification and integration at EJA for deployment at the Itapu field.  EJA&rsquo s scope of work includes modification of existing systems and integration of additional systems to the vessel (the &ldquo Project&rdquo ). Measuring 316m in length and 54m in width, the FPSO P-71 is capable of handling 150,000 barrels of oil per day and six million standard cubic metres of natural gas in operation. It has a storage capacity of 1.6 million barrels of oil and can accommodate 160 people.   The vessel is expected to be delivered in the last quarter of 2022. Mr Guhan Thangavelu, President of EJA said, &ldquo Our EJA Yard, noted to be one of the largest and most advanced yards in Brazil for offshore products and solutions, is strategically located on the east coast of Brazil to service field developments in the Atlantic, Gulf of Mexico and West African sectors. This Project provides an opportunity to showcase EJA&rsquo s capabilities to undertake large scale and complex engineering projects with quick design adaptation and superior subsea layout.&rdquo &ldquo We thank Tupi B.V. and its partners for choosing Sembcorp Marine and the EJA team to deliver another floater to augment its world-class assets for deployment in deep and ultra-deep waters.  Amid the pandemic-induced challenges, we remain committed to the safe and timely execution of the project.&rdquo In September 2019, EJA delivered the newbuild FPSO P-68 to Tupi B.V. which is currently deployed at the ultra-deepwater Berbigã o and Sururu fields in Brazil&rsquo s Santos Basin. The Amendment Contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the Company for the year ending 31 December 2021.   About Sembcorp Marine Ltd Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has close to 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types. Sembcorp Marine&rsquo s solutions focus on the following areas: Renewables, Process, Gas, Ocean Living and Advanced Drilling Rigs. Sembcorp Marine&rsquo s customers include major energy companies, owners of floating production units, shipping companies and cruise and ferry operators. They are supported by four commercial units: Rigs & Floaters Repairs & Upgrades Offshore Platforms and Specialised Shipbuilding. Discover more at  www.sembmarine.com   About  Estaleiro Jurong Aracruz Estaleiro Jurong Aracruz is Sembcorp Marine&rsquo s wholly owned and operated integrated yard in Brazil.  It is located on  an 82.5-hectare site with a 1.6km-long coastline in the municipality of Aracruz in  the state of Espirito Santo, about 80 km by road north of the capital of Vitoria. The yard commenced operations in the second half of 2014 and is well-positioned to serve Brazil&rsquo s thriving offshore oil and gas industry with its 1km berthing quay, steel fabrication workshops, floating crane with a capacity of up to 3,600-tonne and ancillary facilities for piping and outfitting, electromechanical works, hydroblasting and painting. EJA has international expertise and advanced capabilities to undertake the repair, upgrading, modification and construction of drillships, semi-submersibles, jackup rigs, platforms and supply vessels as well as FPSO integration and topside modules fabrication.   |
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Skycal
Senior |
01-Jul-2021 12:01
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can our dear SMM do a ASPEN dance today? | ||||
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jesmarnew
Senior |
01-Jul-2021 11:49
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Stock price signal still not bottom....rooms to fall!!! 10cts or lower.....6-8 cts fair price for time being!!! | ||||
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jackass
Member |
01-Jul-2021 11:45
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Hi all, just curious - why would Temasek privatise SMM ? What will happen when Temasek takes over and privatise SMM ?
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survivor
Member |
01-Jul-2021 11:34
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Haven broke be of consecutive 2 yrs massive rights issue. To fuel the cash burn.
"cash balance is projected to jump from S$800 million to S$2.3 billion post-rights.
With this cash infusion, SMM will meet all its operational funding needs till the end of 2022 while also soothing lenders? nerves."
So if no rights issue. Do they have enough to last tm next yr.?
I'm vested too. But i cut my losses. Those still holding .dyodd
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weekaykee
Master |
01-Jul-2021 11:20
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TH will make it up by making a reasonable takeover offer, to show the intention was never to screw SHs for their benefit. And they would be able to afford paying more than market norms since they could have already acquired a much higher % of the shares by mopping up the unsubscribed rights.
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tanstg
Veteran |
01-Jul-2021 11:14
Yells: "Learn as I trade and trade as I understand" |
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Currently SM is consider as grade A share under poems, but I believe it will be soon downgrade to grade C share. | ||||
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honesty
Master |
01-Jul-2021 11:13
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state swf got to weigh the pros and cons, it directly reflects the govt of the day and citenzry will remember either a good treat or bad. look at sia, many jobs been saved versus hyflux so call national water company, let it go since TH had no $$ in it and investigations still ongoing Smm will make it up for sure
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Isolator
Supreme |
01-Jul-2021 11:12
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Long now to enjoy... clear now... | ||||
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ahbui8
Master |
01-Jul-2021 11:12
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SM broked? Let see the half year report then we know. last year report with 700m cash and with lately DBS green loan 500m, if half year result come out to show SM really broked, whatever share price i will run lol. How to spend away 1.2B in 6 months???  
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survivor
Member |
01-Jul-2021 11:05
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Wont cancel 1 la. SM broke liao. Cash enough to cover till yr end. This 1 bleed cash fast. Cannot depend on oil rig contract liao. Wont be as lucrative as b4. If not KOM wont exit liao. Current operating oil rig now is half vs Peak. Most rig need >70usd per barrel to breakeven. If oil price >100usd. Might have chance of recovering. But doubt so. OPEC+ nations all very hungry liao. Dont think they will hold back production for long.
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Isolator
Supreme |
01-Jul-2021 10:53
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No fear.... long to enjoy... | ||||
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weekaykee
Master |
01-Jul-2021 10:51
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TH is in a unique position. It is playing a very public role for Singapore , going hand in hand with the govt to " support" Singaporeans. It will contradict itself if on one hand it shows so much concern for Singaporeans (free masks, sanitisers, oximeters) and then it turns around to intentionally screw the same Singaporeans at home, by engineering a low price takeover of SMM, at the expense of the SHs.
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