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SembCorp Marine- The new Frontier.
sutiono
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18-Jul-2021 23:20     
 
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better      ( Date: 18-Jul-2021 23:18) Posted:

I have written to ST forum as well as to Monetary Authority of Singapore (using their online feedback form) about the proposed rights issue.

For those who feel strongly about the matter, I would encourage you to do the same.  frown

ADS2200      ( Date: 18-Jul-2021 21:52) Posted:

Where did writing on the wall come from?
This idiom comes from the Biblical story of Belshazzar' s feast, Daniel 5:5-31, in which, in the presence of the king, a disembodied hand appears and writes on the palace  wall. The king, frightened, called for astrologers, Chaldeans, and soothsayers and offered rewards to whoever could interpret the  writing.

Rembrandt, Belshazzar& #39 s Feast | ColourLex
It is insane for the planner to carry out so an unethical scheme to kill the minority shareholders that support them. They were overwhelmed by the merger plan. Is it not don' t know how to cut loss but in disbelieve that SG state funds crafted out an evil plan to undermind the minority shareholders. As Manfred has said it should not be a bloody selldown if the rights is underwritten 1.5 @ 16cts instead of 3 rights @ 8cts for every 2 smm shares. 
What did you do ceo Wong and team of smm ???? Where are you when your voice is needed ????
God is watching
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better
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18-Jul-2021 23:18     
 
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 Alert Admin 		I have written to ST forum as well as to Monetary Authority of Singapore (using their online feedback form) about the proposed rights issue.

For those who feel strongly about the matter, I would encourage you to do the same.  frown

ADS2200      ( Date: 18-Jul-2021 21:52) Posted:

Where did writing on the wall come from?
This idiom comes from the Biblical story of Belshazzar' s feast, Daniel 5:5-31, in which, in the presence of the king, a disembodied hand appears and writes on the palace  wall. The king, frightened, called for astrologers, Chaldeans, and soothsayers and offered rewards to whoever could interpret the  writing.

Rembrandt, Belshazzar& #39 s Feast | ColourLex
It is insane for the planner to carry out so an unethical scheme to kill the minority shareholders that support them. They were overwhelmed by the merger plan. Is it not don' t know how to cut loss but in disbelieve that SG state funds crafted out an evil plan to undermind the minority shareholders. As Manfred has said it should not be a bloody selldown if the rights is underwritten 1.5 @ 16cts instead of 3 rights @ 8cts for every 2 smm shares. 
What did you do ceo Wong and team of smm ???? Where are you when your voice is needed ????
God is watching


ahbui8      ( Date: 18-Jul-2021 20:31) Posted:

Yes SGX market is really a joke, I dare to say SGX market will continue to shrink!!
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ADS2200
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18-Jul-2021 21:52     
 
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 Alert Admin
Where did writing on the wall come from?
This idiom comes from the Biblical story of Belshazzar' s feast, Daniel 5:5-31, in which, in the presence of the king, a disembodied hand appears and writes on the palace  wall. The king, frightened, called for astrologers, Chaldeans, and soothsayers and offered rewards to whoever could interpret the  writing.

Rembrandt, Belshazzar& #39 s Feast | ColourLex
It is insane for the planner to carry out so an unethical scheme to kill the minority shareholders that support them. They were overwhelmed by the merger plan. Is it not don' t know how to cut loss but in disbelieve that SG state funds crafted out an evil plan to undermind the minority shareholders. As Manfred has said it should not be a bloody selldown if the rights is underwritten 1.5 @ 16cts instead of 3 rights @ 8cts for every 2 smm shares. 
What did you do ceo Wong and team of smm ???? Where are you when your voice is needed ????
God is watching


ahbui8      ( Date: 18-Jul-2021 20:31) Posted:

Yes SGX market is really a joke, I dare to say SGX market will continue to shrink!!!

Abe2021      ( Date: 18-Jul-2021 19:47) Posted:

Yatsa13, Yes, God is watching. Just look at how the decision makers carried out this merger plan, do you think they are trustworthy, professional and doing in the interest of the nation ???    I would LKY is still around to watch what they are doing .....
At first I am not sure if what Manfred is telling the truth, but now it has become clear. How would DBS underwrite or advise a deal that is so wrong ??? Bloodly blood bath within days after it was announced.  I am glad Sias questioned them.
I pray that there are still good man in the ministry. There is simply no utmost good faith in what they are doing.
You can say whatever in Parliament, if such thing is allowed to continue where is the regulator. No wonder many are telling me SGX is a joke. They want biz from the listing and to carry out their duty. No wonder they told me our stock exchange is pathetic smaller than Thailand and now less than Vietnam.
As Manfred has rightly put it, how can the underwriter gave such a wrong advice???? No right mind would allow 20-30% discount from the last traded price of S$0.191, lest talking about 60%. DBS should be called to account. 
Instead of 3 rights @ 8c for every 2 SMM shares 1.5 rights @ 16c would yield the same outcome of $1.5b.  This selldown is man made.   

Let me tell you what God made,  I think each time we tried to open the border and hit by all the setbacks such as the indian variants and now the KTV clusters.
Today 88 new locally transmitted Covid-19 cases, including 37 linked to Jurong Fishery Port cluster are God' s hands at work. Because all the outcry of the people of Singaporean are reaching High Heaven.  
Pray they will be visited in their dreams and be awakened to their evil deeds. Before more drastic hands of God be upon them. I am serious
Even Sias openly voiced their dissent. Some can even mocked at Sias and said they are useless, just going through the motion. Really .... Singaporean are awakening to the rubbish. Just like Alfred who wrote to ST forum. 


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etilatrop
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18-Jul-2021 21:37     
 
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 Alert Admin 		imho, dropping below 8c is possible, 
i) with the announcement of further (and larger) losses from now till 2022 (at least)
ii) with the consolidation and likely 3rd rights exercise in a few more months. 
iii) when SMM needs to merge with KOM, with the merged entity bleeding even greater losses (plus impairment/restructuring costs)
iv) when KC shareholders get ' free' shares of merged entity and dump them like SCI SHs did, prices will plummet and history will repeat again.

The above scenarios are all quite likely...Or perhaps, the scenarios are planned to meet big SH objectives of devaluing/diluting SMM? 

weekaykee      ( Date: 18-Jul-2021 20:06) Posted:

Very valid point. Previously it quickly went below rights price of 20 cts due to the free shares (SCI SHs) being liquidated.

Now there will be no more free shares. Those who want to sell would be doing it right now and before ex-rights.

While the long term outlook could be hazy and it could even go bankrupt, but right now till 2022 , very unlikley for it to go below 8 cts. In fact it makes lots of sense to grab the rights at 8 cts to make a quick profit.

MANFREDTMK      ( Date: 18-Jul-2021 17:40) Posted:

It will never ever go below 8 cents. Why would anyone sell below 8 cents if they paid 8 cents to subscribe might as well don't subscribe? The reason why the price goes below the ex-right price of 20 cents in the previous issue to as low as 11.7 cents is because all sellers made a profit even if they sell at 1 cents because they (SCI shareholders) gets the Rights share free.
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ahbui8
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18-Jul-2021 20:31     
 
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 Alert Admin 		Yes SGX market is really a joke, I dare to say SGX market will continue to shrink!!!

Abe2021      ( Date: 18-Jul-2021 19:47) Posted:

Yatsa13, Yes, God is watching. Just look at how the decision makers carried out this merger plan, do you think they are trustworthy, professional and doing in the interest of the nation ???    I would LKY is still around to watch what they are doing .....
At first I am not sure if what Manfred is telling the truth, but now it has become clear. How would DBS underwrite or advise a deal that is so wrong ??? Bloodly blood bath within days after it was announced.  I am glad Sias questioned them.
I pray that there are still good man in the ministry. There is simply no utmost good faith in what they are doing.
You can say whatever in Parliament, if such thing is allowed to continue where is the regulator. No wonder many are telling me SGX is a joke. They want biz from the listing and to carry out their duty. No wonder they told me our stock exchange is pathetic smaller than Thailand and now less than Vietnam.
As Manfred has rightly put it, how can the underwriter gave such a wrong advice???? No right mind would allow 20-30% discount from the last traded price of S$0.191, lest talking about 60%. DBS should be called to account. 
Instead of 3 rights @ 8c for every 2 SMM shares 1.5 rights @ 16c would yield the same outcome of $1.5b.  This selldown is man made.   

Let me tell you what God made,  I think each time we tried to open the border and hit by all the setbacks such as the indian variants and now the KTV clusters.
Today 88 new locally transmitted Covid-19 cases, including 37 linked to Jurong Fishery Port cluster are God' s hands at work. Because all the outcry of the people of Singaporean are reaching High Heaven.  
Pray they will be visited in their dreams and be awakened to their evil deeds. Before more drastic hands of God be upon them. I am serious
Even Sias openly voiced their dissent. Some can even mocked at Sias and said they are useless, just going through the motion. Really .... Singaporean are awakening to the rubbish. Just like Alfred who wrote to ST forum. 

MANFREDTMK      ( Date: 18-Jul-2021 16:29) Posted:

If one Wrong Stroke of the pen can set off a nuclear bomb, more devastating than the Lehman Sister crisis, God certainly can do much better than that. So there's nothing God can't do. The powerful Pharaoh may think he is clever enough to protect his wealth, but he forgot life is as fragile as Glass as the story showed. So there's nothing that God can't do, given that a Stroke of the pen alone can generate so much suspicion, mistrust and even core values like loyalty and honesty are now deemed as stupidity. That the merger that everyone is anxiously waiting for 3 years is now considered as a time bomb. That the turnaround in both the oil rig industry and the Green Energy market are just an aberration. Keep the faith, with God's Blessing, let BB finish what needs to be done first. By December, everyone will be happy and start to sing a different song, Anal-ysts included. Love is in the air, smell good.
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weekaykee
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18-Jul-2021 20:06     
 
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 Alert Admin 		Very valid point. Previously it quickly went below rights price of 20 cts due to the free shares (SCI SHs) being liquidated.

Now there will be no more free shares. Those who want to sell would be doing it right now and before ex-rights.

While the long term outlook could be hazy and it could even go bankrupt, but right now till 2022 , very unlikley for it to go below 8 cts. In fact it makes lots of sense to grab the rights at 8 cts to make a quick profit.

MANFREDTMK      ( Date: 18-Jul-2021 17:40) Posted:

It will never ever go below 8 cents. Why would anyone sell below 8 cents if they paid 8 cents to subscribe might as well don't subscribe? The reason why the price goes below the ex-right price of 20 cents in the previous issue to as low as 11.7 cents is because all sellers made a profit even if they sell at 1 cents because they (SCI shareholders) gets the Rights share free.

sutiono      ( Date: 18-Jul-2021 16:45) Posted:

TH gave investors the impression that 0.08 is value buy , if investors dont want , THVwants them all , this will lure more to subcribe for excess rights . After that , share price will plunge below 0.08 . The previous rights were 0.20., what is the price of thid right now ? Ask ourselves this honest question , and we know what will be the consequence after thus right .
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Abe2021
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18-Jul-2021 20:01     
 
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 Alert Admin 		Alfred wrote to ST' s forum. We need ingenious people and not crafty, cunning taking advantage of the people who trusted them to carry out this merger.
Many have supported the demerger, this is a total let down.
We need good credible and calibre people.
Hope Ho Ching would rectify and undo the rubbish done by the unethical people before handing over to Dilhan Pillay. 🙏

Abe2021      ( Date: 17-Jul-2021 11:39) Posted:

Alfred wrote to ST forum today. Many are asking who are the planners for the merger? When you sit on all 3 entities, TH, KC and SMM not forgetting DBS - is this how you carried out the merger? You are thinking. Not smart, you don' t pay anyone to come out with such plan. Not thinking hard enough to look for answer. Sloppy ... you need to put your heads together. No need PHD to call for rights !!! That' s why Alfred is writing to forum - Temasek

Sias "   With Sembmarine' s net debt to equity ratio at 0.74 times, Sias questioned if Sembmarine had sought to raise funds through other means like it had done for the S$500 million the group previously raised through sustainability-linked financial facilities. 
In relation to the protection of minority shareholders, Sias cited the tepid response to the earlier S$2.1 billion rights issue noting that only 18 per cent of the total rights issue had been taken up by minority shareholders. 
The association then questioned if the group had evaluated why the response from them was as such, and if anything would be done differently with the latest proposed rights issue. Also, the association asked if the company would be taking any steps to protect the rights of minority shareholders."  

I refer to the article, " Temasek' s 24.5% shareholder return highest since 2010"     (July 14). 

A ONE-YEAR RETURN OF 24.5 PER CENT SOUNDS IMPRESSIVE UNTIL ONE REALISES THAT, OVER THE SAME ONE-YEAR PERIOD TO MARCH 31, THE MSCI WORLD INDEX WENT UP BY ABOUT 45 PER CENT. 

THE WORLD MARKETS HAVE RECOVERED MASSIVELY OVER THE PAST YEAR OR SO AND, AS THEY SAY, A RISING TIDE LIFTS ALL BOATS.
What was also interesting was that Temasek' s total shareholder return for the 10 years to end-March last year was 5 per cent per annum. 
Over this same period, the MSCI World Index went up by an average of about 7 per cent per annum. 
The questions I would like to ask are: " How well has Temasek really been doing over the years? Is it reasonable to expect Temasek to at least beat the relevant market indices over the long run?"  
I hope there can be more public discourse on these questions. 

Alfred Chan Hock Yuen
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Abe2021
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18-Jul-2021 19:47     
 
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 Alert Admin 		Yatsa13, Yes, God is watching. Just look at how the decision makers carried out this merger plan, do you think they are trustworthy, professional and doing in the interest of the nation ???    I would LKY is still around to watch what they are doing .....
At first I am not sure if what Manfred is telling the truth, but now it has become clear. How would DBS underwrite or advise a deal that is so wrong ??? Bloodly blood bath within days after it was announced.  I am glad Sias questioned them.
I pray that there are still good man in the ministry. There is simply no utmost good faith in what they are doing.
You can say whatever in Parliament, if such thing is allowed to continue where is the regulator. No wonder many are telling me SGX is a joke. They want biz from the listing and to carry out their duty. No wonder they told me our stock exchange is pathetic smaller than Thailand and now less than Vietnam.
As Manfred has rightly put it, how can the underwriter gave such a wrong advice???? No right mind would allow 20-30% discount from the last traded price of S$0.191, lest talking about 60%. DBS should be called to account. 
Instead of 3 rights @ 8c for every 2 SMM shares 1.5 rights @ 16c would yield the same outcome of $1.5b.  This selldown is man made.   

Let me tell you what God made,  I think each time we tried to open the border and hit by all the setbacks such as the indian variants and now the KTV clusters.
Today 88 new locally transmitted Covid-19 cases, including 37 linked to Jurong Fishery Port cluster are God' s hands at work. Because all the outcry of the people of Singaporean are reaching High Heaven.  
Pray they will be visited in their dreams and be awakened to their evil deeds. Before more drastic hands of God be upon them. I am serious
Even Sias openly voiced their dissent. Some can even mocked at Sias and said they are useless, just going through the motion. Really .... Singaporean are awakening to the rubbish. Just like Alfred who wrote to ST forum. 

MANFREDTMK      ( Date: 18-Jul-2021 16:29) Posted:

If one Wrong Stroke of the pen can set off a nuclear bomb, more devastating than the Lehman Sister crisis, God certainly can do much better than that. So there's nothing God can't do. The powerful Pharaoh may think he is clever enough to protect his wealth, but he forgot life is as fragile as Glass as the story showed. So there's nothing that God can't do, given that a Stroke of the pen alone can generate so much suspicion, mistrust and even core values like loyalty and honesty are now deemed as stupidity. That the merger that everyone is anxiously waiting for 3 years is now considered as a time bomb. That the turnaround in both the oil rig industry and the Green Energy market are just an aberration. Keep the faith, with God's Blessing, let BB finish what needs to be done first. By December, everyone will be happy and start to sing a different song, Anal-ysts included. Love is in the air, smell good.

better      ( Date: 18-Jul-2021 11:54) Posted:

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MANFREDTMK
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18-Jul-2021 19:32     
 
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 Alert Admin 		Correct, but excluding TH, less than 10% of them subscribed if I can recalled

sutiono      ( Date: 18-Jul-2021 18:59) Posted:

But not all were SCI SHs . Many were SHs of SM for many years.

MANFREDTMK      ( Date: 18-Jul-2021 17:54) Posted:

We are talking about the previous Rights issue. Every SCI shareholders gets 5,000 shares of SM FREE. Even that they only sell down to 11.7 cents. Most if not all have already sold, laughing all the way to the bank. To sum up, this time, it will not go BELOW 8 CENTS, unless the seller has GONE MAD over the next two months.
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sutiono
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18-Jul-2021 18:59     
 
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 Alert Admin 		But not all were SCI SHs . Many were SHs of SM for many years.

MANFREDTMK      ( Date: 18-Jul-2021 17:54) Posted:

We are talking about the previous Rights issue. Every SCI shareholders gets 5,000 shares of SM FREE. Even that they only sell down to 11.7 cents. Most if not all have already sold, laughing all the way to the bank. To sum up, this time, it will not go BELOW 8 CENTS, unless the seller has GONE MAD over the next two months.

sutiono      ( Date: 18-Jul-2021 17:46) Posted:

Some sold to cut loss , otherwise they face more losses if price continue to south. I know a few who subcribed at 0.20 , bought more at 0.16 to average when price went down . Cut loss at 0.15 when this right was announced.


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MANFREDTMK
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18-Jul-2021 17:54     
 
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 Alert Admin 		We are talking about the previous Rights issue. Every SCI shareholders gets 5,000 shares of SM FREE. Even that they only sell down to 11.7 cents. Most if not all have already sold, laughing all the way to the bank. To sum up, this time, it will not go BELOW 8 CENTS, unless the seller has GONE MAD over the next two months.

sutiono      ( Date: 18-Jul-2021 17:46) Posted:

Some sold to cut loss , otherwise they face more losses if price continue to south. I know a few who subcribed at 0.20 , bought more at 0.16 to average when price went down . Cut loss at 0.15 when this right was announced.

MANFREDTMK      ( Date: 18-Jul-2021 17:40) Posted:

It will never ever go below 8 cents. Why would anyone sell below 8 cents if they paid 8 cents to subscribe might as well don't subscribe? The reason why the price goes below the ex-right price of 20 cents in the previous issue to as low as 11.7 cents is because all sellers made a profit even if they sell at 1 cents because they (SCI shareholders) gets the Rights share free.
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sutiono
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18-Jul-2021 17:46     
 
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 Alert Admin 		Some sold to cut loss , otherwise they face more losses if price continue to south. I know a few who subcribed at 0.20 , bought more at 0.16 to average when price went down . Cut loss at 0.15 when this right was announced.

MANFREDTMK      ( Date: 18-Jul-2021 17:40) Posted:

It will never ever go below 8 cents. Why would anyone sell below 8 cents if they paid 8 cents to subscribe might as well don't subscribe? The reason why the price goes below the ex-right price of 20 cents in the previous issue to as low as 11.7 cents is because all sellers made a profit even if they sell at 1 cents because they (SCI shareholders) gets the Rights share free.

sutiono      ( Date: 18-Jul-2021 16:45) Posted:

TH gave investors the impression that 0.08 is value buy , if investors dont want , THVwants them all , this will lure more to subcribe for excess rights . After that , share price will plunge below 0.08 . The previous rights were 0.20., what is the price of thid right now ? Ask ourselves this honest question , and we know what will be the consequence after thus right .
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MANFREDTMK
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18-Jul-2021 17:40     
 
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 Alert Admin 		It will never ever go below 8 cents. Why would anyone sell below 8 cents if they paid 8 cents to subscribe might as well don't subscribe? The reason why the price goes below the ex-right price of 20 cents in the previous issue to as low as 11.7 cents is because all sellers made a profit even if they sell at 1 cents because they (SCI shareholders) gets the Rights share free.

sutiono      ( Date: 18-Jul-2021 16:45) Posted:

TH gave investors the impression that 0.08 is value buy , if investors dont want , THVwants them all , this will lure more to subcribe for excess rights . After that , share price will plunge below 0.08 . The previous rights were 0.20., what is the price of thid right now ? Ask ourselves this honest question , and we know what will be the consequence after thus right .
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Ligaya
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18-Jul-2021 16:52     
 
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 Alert Admin 		T is strictly business. SMM is the brunt of the bogeyman for KC and SCI, a sleek move to clear the oily chaff from the wheats of the two conglomerates.

newbie19      ( Date: 17-Jul-2021 09:59) Posted:

All i can say is SMM is very  dishonourably,unprofessional,unconscionable and unethical.....NOT MORALLY CORRECT.
Less than a year, another rights issue of 8cts!!!! With slightly more than $1B in cash and assets, what constitutes a second rights issues!!
It will come a day it will plunge into the lake to less than 10cts.

 

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sutiono
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18-Jul-2021 16:45     
 
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 Alert Admin 		TH gave investors the impression that 0.08 is value buy , if investors dont want , THVwants them all , this will lure more to subcribe for excess rights . After that , share price will plunge below 0.08 . The previous rights were 0.20., what is the price of thid right now ? Ask ourselves this honest question , and we know what will be the consequence after thus right .
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msksmsks
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18-Jul-2021 16:36     
 
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 Alert Admin 		It's great to hv u ard lifting the mood up

Cheers

MANFREDTMK      ( Date: 18-Jul-2021 16:29) Posted:

If one Wrong Stroke of the pen can set off a nuclear bomb, more devastating than the Lehman Sister crisis, God certainly can do much better than that. So there's nothing God can't do. The powerful Pharaoh may think he is clever enough to protect his wealth, but he forgot life is as fragile as Glass as the story showed. So there's nothing that God can't do, given that a Stroke of the pen alone can generate so much suspicion, mistrust and even core values like loyalty and honesty are now deemed as stupidity. That the merger that everyone is anxiously waiting for 3 years is now considered as a time bomb. That the turnaround in both the oil rig industry and the Green Energy market are just an aberration. Keep the faith, with God's Blessing, let BB finish what needs to be done first. By December, everyone will be happy and start to sing a different song, Anal-ysts included. Love is in the air, smell good.

better      ( Date: 18-Jul-2021 11:54) Posted:

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MANFREDTMK
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18-Jul-2021 16:29     
 
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 Alert Admin 		If one Wrong Stroke of the pen can set off a nuclear bomb, more devastating than the Lehman Sister crisis, God certainly can do much better than that. So there's nothing God can't do. The powerful Pharaoh may think he is clever enough to protect his wealth, but he forgot life is as fragile as Glass as the story showed. So there's nothing that God can't do, given that a Stroke of the pen alone can generate so much suspicion, mistrust and even core values like loyalty and honesty are now deemed as stupidity. That the merger that everyone is anxiously waiting for 3 years is now considered as a time bomb. That the turnaround in both the oil rig industry and the Green Energy market are just an aberration. Keep the faith, with God's Blessing, let BB finish what needs to be done first. By December, everyone will be happy and start to sing a different song, Anal-ysts included. Love is in the air, smell good.

better      ( Date: 18-Jul-2021 11:54) Posted:

👍

ADS2200      ( Date: 17-Jul-2021 13:10) Posted:

Sutiono, sorry to interject. You can think like that, but when you are paid to be the ceo, you have to think differently - what and how to be in the competition.
Frankly I did not want to comment anymore. Hearing all the comments sadden my heart. I am sure God also feel the same.

Sias has raised the concerns of the minority shareholder. Many are the cries of investors.
You can joke about it " even God can' t help!"

I like the story of Moses, The heartless Pharaoh still refused to free the Israelite slaves.  So God, brought about one last plague, which was so terrible that it was certain to persuade Pharaoh to let his slaves go.That night, God sent the angel of death to kill the firstborn sons of the Egyptians. God told Moses to order the Israelite families to sacrifice a lamb and smear  the blood on the door of their houses. In this way the angel would  know to ' pass over' the houses  of the  Israelites.  This is why the festival commemorating the escape from Egypt is known as Passover. 

We are in the midst of covid-19 which is also known as plague. The evil that one sows, he shall reap. Ill-gotten gain will not go with you when you leave the earth. 
Many are the cries of those suffering because of some called it cunning/crafty man. Certainly not ingenious and resourceful thinking. Like you said, if temasek has such dishonest, unprofessional, unconscionable and unethical people around the days are numbered.

God is watching. 


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newbie19
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18-Jul-2021 16:29     
 
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 Alert Admin 		Yes agree, my typo mistakes...another alternative to be consider. Thanks

worstt      ( Date: 18-Jul-2021 16:23) Posted:

If i were you, I will sell all my shares now, left with just 100 units.
Then buy as much as possible excess right later to average down your prices. 
With this you have higher and more secured chances to average down to lowest price. 

My honest advise is do not listen to the offshore boom statement. 
a) average down now is not a good choice compared to saving money buy the rights later at the right trading market. 
b) no point buy now + buy exccess right later. meaning that you tell yourself you want to buy expensive now and buy cheap later, its a contradicting statement. Either buy now or buy later , but not both.
c) I dont think rights can be traded at 1 or 2 cents later, which is 23 - 25% profir who own the rights. Like that everyone can be millionaire already. Rights should be traded below 1 cents... meaning at most you can get SCM rights at 9 cents, or at the cheapest price 0.1 cents where you are taking the rights ast 8.1 cents. It is still way better to buy now subscribe more rights later. 
 

newbie19      ( Date: 18-Jul-2021 16:12) Posted:

Thanks for the brief explanation..i m still hesitant to buy the rights shares. Or maybe i will give myself another shot to buy back 300K of rights to avg down to 0.135. Let's see how it goes.. Or sell the rights maybe at 1 or 2 cts..
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worstt
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18-Jul-2021 16:23     
 
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 Alert Admin 		If i were you, I will sell all my shares now, left with just 100 units.
Then buy as much as possible excess right later to average down your prices. 
With this you have higher and more secured chances to average down to lowest price. 

My honest advise is do not listen to the offshore boom statement. 
a) average down now is not a good choice compared to saving money buy the rights later at the right trading market. 
b) no point buy now + buy exccess right later. meaning that you tell yourself you want to buy expensive now and buy cheap later, its a contradicting statement. Either buy now or buy later , but not both.
c) I dont think rights can be traded at 1 or 2 cents later, which is 23 - 25% profir who own the rights. Like that everyone can be millionaire already. Rights should be traded below 1 cents... meaning at most you can get SCM rights at 9 cents, or at the cheapest price 0.1 cents where you are taking the rights ast 8.1 cents. It is still way better to buy now subscribe more rights later. 
 

newbie19      ( Date: 18-Jul-2021 16:12) Posted:

Thanks for the brief explanation..i m still hesitant to buy the rights shares. Or maybe i will give myself another shot to buy back 300K of rights to avg down to 0.135. Let's see how it goes.. Or sell the rights maybe at 1 or 2 cts..

better      ( Date: 18-Jul-2021 14:55) Posted:

I am very well, thanks for asking.  laugh

I have bought back @12 cents some of the shares I sold at 14+ cents. 

I believe you should consider doing the same and leave just enough to subscribe for the right shares and 10-15% more for the excess right shares.

As most shares held by retail investors previously had changed hands, over the past 10 months, into the arms of stronger institutional players and bigger investors, I expect the rights issue to be almost fully subscribed.

Temasek' s existing cost per share is around 30 cents. After the rights issue, their estimated cost per share would be around 16.3 cents.

If your per share cost is lower than 16 cents after the rights issue, chances of making money over time would be high, given Temasek' s track record.

By buying back some shares, you also hedge against the risk of the rights issue being rejected. (Lesser than 10% chance).

The rights money would transform Sembmarine into more of a stable blue chip rather than a strong recovery story. In layman term, I would have to tamper my expectation in term of the potential percentage gain on my investment given the dilution.
 
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newbie19
Supreme
18-Jul-2021 16:12     
 
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 Alert Admin 		Thanks for the brief explanation..i m still hesitant to buy the rights shares. Or maybe i will give myself another shot to buy back 300K of rights to avg down to 0.135. Let's see how it goes.. Or sell the rights maybe at 1 or 2 cts..

better      ( Date: 18-Jul-2021 14:55) Posted:

I am very well, thanks for asking.  laugh

I have bought back @12 cents some of the shares I sold at 14+ cents. 

I believe you should consider doing the same and leave just enough to subscribe for the right shares and 10-15% more for the excess right shares.

As most shares held by retail investors previously had changed hands, over the past 10 months, into the arms of stronger institutional players and bigger investors, I expect the rights issue to be almost fully subscribed.

Temasek' s existing cost per share is around 30 cents. After the rights issue, their estimated cost per share would be around 16.3 cents.

If your per share cost is lower than 16 cents after the rights issue, chances of making money over time would be high, given Temasek' s track record.

By buying back some shares, you also hedge against the risk of the rights issue being rejected. (Lesser than 10% chance).

The rights money would transform Sembmarine into more of a stable blue chip rather than a strong recovery story. In layman term, I would have to tamper my expectation in term of the potential percentage gain on my investment given the dilution.
 

newbie19      ( Date: 18-Jul-2021 12:36) Posted:

Bro better, how have you been lately? Would you mind share with us your recent SM shares that You sold partial of it at a lost, can tell us more? I lost $18K still holding 200K shares.. Thanks bro
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