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uiop1223 Supreme	19-Sep-2021 07:13        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nah. T is also SHAREHOLDER. The blame lies with management who is accountable to sh. They are very smart since we know who is influencing the mtgm. Theres nothing retail sh can do abt this. Mtgm is openly allowing sh to be robbed. They dont give a shit ahbui8      ( Date: 18-Sep-2021 23:34) Posted: No one expect TH to enrich SH, but offer 8cts is like robbing SH 😂 😂 😂 BTW TH also need to accountable for the sweet talk in asking for a whitewash during the first RI. uiop1223      ( Date: 18-Sep-2021 23:21) Posted: T is obliged to offer but they want to keep it listed so that suckers continue to burn cash with them. So the 8 cents is for show only. SGX rules require them to do so, they will follow. T is accountable to the govt and public as well. Not here to enrich SMM shareholder
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ckmpd1 Supreme	19-Sep-2021 06:52        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some of us said that SMM is likely to trade below 8c from 22 sep 2021 to dec 2021.  It is just our opinion. But one forumner gets easily offended and claimed that we said SMM will trade below 8c on 22 Sep.  He is very deceiving. We can wait and see how SMM performs over the next few months
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ckmpd1 Supreme	19-Sep-2021 06:37        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are very wise, PhilipTan.  Many retailers trade on hope and used their hearts rather than their heads  Not you.  You are very analytical. As I said before, TH is obliged to make a MGO of at least 8c.  Offering anything above 8c is out of their goodwill.  But should they?  TH has to think of Singapore, govt and public funds, not just SMM shareholders. TH has already said that it wants to keep SMM listed.  That is a very strong staetemnet of intention.  If it offers 20c, many retailers will accept the MGO and TH will end up with maybe 100% of SMM.  Is that what TH wants?  No! Some investors think 2021 RI shd be priced at 16c instead of 8c, so that SMM will have only 22B shares rather than 31B shares.  It is precisely the need to make a MGO that TH calculates it is better to offer 8c rather than 16c rights.  There is a slim chance that TH may offer above 8c for the MGO but I dont think so. My calculation is that SMM is still in trouble and will need money come Jun 2022.  TH wants to keep many retailers holding SMM because it needs more money.  That is why I bailed out few months ago and prefer to take cash and wait.  Many may disagree with me and continue to live on hopes and sentiments, arguing that NAV is much higher than 8c and that SMM& M merger will reward the SHs.  It indeed may.  or it may not happen.  If TH offers more than 8c for the MGO, I say good for the retail holders.  As for me, I have taken my money and prefer to wait and see.  Let us see how many will bail out when the MGO is offered at whatever price,  Frankly I think TH prefers SHs to hold on to their shares We can disagree but let us respect each other' s views and opinions. After all it is our own money and we do our own calculations.  No one needs to sell or buy based on others' opinions   PhillipTan      ( Date: 19-Sep-2021 01:08) Posted: As mandated, TH will need to do a MGO I don' t think it is in TH' s interest to privatise/de-list SM So why would they want to offer higher than the rights issue price? Offer price of 8 cents is not robbing SH You can choose not to accept it TH is just choosing not to let us have a quick and easy profit, that is all   ahbui8      ( Date: 18-Sep-2021 23:34) Posted: No one expect TH to enrich SH, but offer 8cts is like robbing SH 😂 😂 😂 BTW TH also need to accountable for the sweet talk in asking for a whitewash during the first RI
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happyharvest Elite	19-Sep-2021 04:26        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	got hope this counter? now the world gov pushing for green energy
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PhillipTan Supreme	19-Sep-2021 01:08        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	As mandated, TH will need to do a MGO I don' t think it is in TH' s interest to privatise/de-list SM So why would they want to offer higher than the rights issue price? Offer price of 8 cents is not robbing SH You can choose not to accept it TH is just choosing not to let us have a quick and easy profit, that is all   ahbui8      ( Date: 18-Sep-2021 23:34) Posted: No one expect TH to enrich SH, but offer 8cts is like robbing SH 😂 😂 😂 BTW TH also need to accountable for the sweet talk in asking for a whitewash during the first RI. uiop1223      ( Date: 18-Sep-2021 23:21) Posted: T is obliged to offer but they want to keep it listed so that suckers continue to burn cash with them. So the 8 cents is for show only. SGX rules require them to do so, they will follow. T is accountable to the govt and public as well. Not here to enrich SMM shareholder
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MANFREDTMK Master	19-Sep-2021 00:25        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agreed. Yes, the Rights at 8 cents did the job. It also prompted SIAS to query the low price. And management replied it allowed shareholders to buy the share cheap. So it's not about enrichment, rather we felt being robbed. Nevermind lah, pay tuition fees to learn. ahbui8      ( Date: 18-Sep-2021 23:34) Posted: No one expect TH to enrich SH, but offer 8cts is like robbing SH 😂 😂 😂 BTW TH also need to accountable for the sweet talk in asking for a whitewash during the first RI. uiop1223      ( Date: 18-Sep-2021 23:21) Posted: T is obliged to offer but they want to keep it listed so that suckers continue to burn cash with them. So the 8 cents is for show only. SGX rules require them to do so, they will follow. T is accountable to the govt and public as well. Not here to enrich SMM shareholder
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ahbui8 Master	18-Sep-2021 23:34        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No one expect TH to enrich SH, but offer 8cts is like robbing SH 😂 😂 😂 BTW TH also need to accountable for the sweet talk in asking for a whitewash during the first RI. uiop1223      ( Date: 18-Sep-2021 23:21) Posted: T is obliged to offer but they want to keep it listed so that suckers continue to burn cash with them. So the 8 cents is for show only. SGX rules require them to do so, they will follow. T is accountable to the govt and public as well. Not here to enrich SMM shareholders MANFREDTMK      ( Date: 18-Sep-2021 23:15) Posted: Yes 8 cents is almost half of NTA, worse than prices in Carousell. Very humiliating, might as well don' t offer. Like you said, no sane shareholder will accept. To begin with, the 8 cents is self-created through the pricing of the rights at 8 cents, a whopping discount of almost 60% to the market price. The moral of the story is: Being honest, fair and loyal are no longer virtues in today' s society, but plain stupidity. Like they said, don' t expect the world to be honest and fair to you just because you are honest and fair. It' s like expecting the Lion not to eat you just because you don' t eat him. The world has changed, so must we
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uiop1223 Supreme	18-Sep-2021 23:21        uiop1223 About Contact  Quote this Post!
x 0   x 1  Alert Admin	T is obliged to offer but they want to keep it listed so that suckers continue to burn cash with them. So the 8 cents is for show only. SGX rules require them to do so, they will follow. T is accountable to the govt and public as well. Not here to enrich SMM shareholders MANFREDTMK      ( Date: 18-Sep-2021 23:15) Posted: Yes 8 cents is almost half of NTA, worse than prices in Carousell. Very humiliating, might as well don' t offer. Like you said, no sane shareholder will accept. To begin with, the 8 cents is self-created through the pricing of the rights at 8 cents, a whopping discount of almost 60% to the market price. The moral of the story is: Being honest, fair and loyal are no longer virtues in today' s society, but plain stupidity. Like they said, don' t expect the world to be honest and fair to you just because you are honest and fair. It' s like expecting the Lion not to eat you just because you don' t eat him. The world has changed, so must we. desmodeus      ( Date: 18-Sep-2021 22:40) Posted: you may be just looking at a half-baked offer of 14 to 15c unaudited ex-rights nta as at 30/6/2021 would be 13.7c and based on    issuance of 18,833,459,491 Rights Shares  which we all know would be lesser which mean the relevant nta would be just about 14 to 15c if MO will to be at 8c, I don' t think the other SS will be happy because that will would translate to 40% discount off nta unless TH just want to go through the motion knowing no sane shareholder would accept the offe
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ahbui8 Master	18-Sep-2021 23:16        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If really 8cts, not only temasek reputation gone down the drain, as a state fund, Singapore reputation also will be affected. SGX exchange also will be affected, may lead to others to follow using this tactic to squeeze minority SH in the future. SgTrader17      ( Date: 18-Sep-2021 23:00) Posted: If the general offer is as stated to be only 8 cents, then all previous purchases are ALL losing money, to any retail investors. Because that is the LOWEST PRICE OF SCM IN ITS TRADING HISTORY. Let's make it clear here online if that really turns out to be that way. Also means we are just "participating in the rights issue", giving our support, buy 8 cents and sell back 8 cents, with those mother shares shedding their values all the way from months and years ago. Those talking by directors etc, on investment platforms, on the TV, about supporting SCM through its hard times etc ... All are craps. ALL ARE CRAPS. Temasek doesn't want to do a general offer when rights issue at 20 cents. Then came another rights issue at 8 cents and if put the offer now at the history low of 8 cents, it is clear to all the retail investors about what's the whole episode is all about. Although back to the reality of investment world, we know that we cannot control it at all and we are just little prawns to be eaten by those big fishes. My only consolation will be to switch the funds remaining to Keppel Corp, which shld get some value out when the Keppel Marine merger deal goes through. Definitely will stop supporting any Temasek owned investment in the future that will ask for rights or fundings etc, if this general offer really is set at 8 cents. We shall see what's coming on next week announcement and all the best to those already sunk by the SCM saga. Let's hope we won't be in the same ship again next time. Never board it. All the best, everyone.
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MANFREDTMK Master	18-Sep-2021 23:15        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes 8 cents is almost half of NTA, worse than prices in Carousell. Very humiliating, might as well don' t offer. Like you said, no sane shareholder will accept. To begin with, the 8 cents is self-created through the pricing of the rights at 8 cents, a whopping discount of almost 60% to the market price. The moral of the story is: Being honest, fair and loyal are no longer virtues in today' s society, but plain stupidity. Like they said, don' t expect the world to be honest and fair to you just because you are honest and fair. It' s like expecting the Lion not to eat you just because you don' t eat him. The world has changed, so must we. desmodeus      ( Date: 18-Sep-2021 22:40) Posted: you may be just looking at a half-baked offer of 14 to 15c unaudited ex-rights nta as at 30/6/2021 would be 13.7c and based on    issuance of 18,833,459,491 Rights Shares  which we all know would be lesser which mean the relevant nta would be just about 14 to 15c if MO will to be at 8c, I don' t think the other SS will be happy because that will would translate to 40% discount off nta unless TH just want to go through the motion knowing no sane shareholder would accept the offer better      ( Date: 18-Sep-2021 21:45) Posted: Personally, I hope that MO remains at 8 cents so I could buy more to average down in the coming months. Nevertheless, a higher offer cannot be ruled out totally depending on Temasek' s intention. If a Keppel OM deal is imminent, they would have to shore up SCM' s share price for a better exchange term with Keppel as the merger involves SCM issuing shares to Keppel and Keppel distributing SCM shares to their shareholders. A half baked offer like 14 or 15 cents would leave me in a fix
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desmodeus Veteran	18-Sep-2021 23:06        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	don't. Keppel is dumping ground for half deads SgTrader17      ( Date: 18-Sep-2021 23:00) Posted: If the general offer is as stated to be only 8 cents, then all previous purchases are ALL losing money, to any retail investors. Because that is the LOWEST PRICE OF SCM IN ITS TRADING HISTORY. Let's make it clear here online if that really turns out to be that way. Also means we are just "participating in the rights issue", giving our support, buy 8 cents and sell back 8 cents, with those mother shares shedding their values all the way from months and years ago. Those talking by directors etc, on investment platforms, on the TV, about supporting SCM through its hard times etc ... All are craps. ALL ARE CRAPS. Temasek doesn't want to do a general offer when rights issue at 20 cents. Then came another rights issue at 8 cents and if put the offer now at the history low of 8 cents, it is clear to all the retail investors about what's the whole episode is all about. Although back to the reality of investment world, we know that we cannot control it at all and we are just little prawns to be eaten by those big fishes. My only consolation will be to switch the funds remaining to Keppel Corp, which shld get some value out when the Keppel Marine merger deal goes through. Definitely will stop supporting any Temasek owned investment in the future that will ask for rights or fundings etc, if this general offer really is set at 8 cents. We shall see what's coming on next week announcement and all the best to those already sunk by the SCM saga. Let's hope we won't be in the same ship again next time. Never board it. All the best, everyone.
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SgTrader17 Elite	18-Sep-2021 23:00        SgTrader17 About Contact  Quote this Post!
x 0   x 1  Alert Admin	If the general offer is as stated to be only 8 cents, then all previous purchases are ALL losing money, to any retail investors. Because that is the LOWEST PRICE OF SCM IN ITS TRADING HISTORY. Let's make it clear here online if that really turns out to be that way. Also means we are just "participating in the rights issue", giving our support, buy 8 cents and sell back 8 cents, with those mother shares shedding their values all the way from months and years ago. Those talking by directors etc, on investment platforms, on the TV, about supporting SCM through its hard times etc ... All are craps. ALL ARE CRAPS. Temasek doesn't want to do a general offer when rights issue at 20 cents. Then came another rights issue at 8 cents and if put the offer now at the history low of 8 cents, it is clear to all the retail investors about what's the whole episode is all about. Although back to the reality of investment world, we know that we cannot control it at all and we are just little prawns to be eaten by those big fishes. My only consolation will be to switch the funds remaining to Keppel Corp, which shld get some value out when the Keppel Marine merger deal goes through. Definitely will stop supporting any Temasek owned investment in the future that will ask for rights or fundings etc, if this general offer really is set at 8 cents. We shall see what's coming on next week announcement and all the best to those already sunk by the SCM saga. Let's hope we won't be in the same ship again next time. Never board it. All the best, everyone.
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desmodeus Veteran	18-Sep-2021 22:40        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	you may be just looking at a half-baked offer of 14 to 15c unaudited ex-rights nta as at 30/6/2021 would be 13.7c and based on    issuance of 18,833,459,491 Rights Shares  which we all know would be lesser which mean the relevant nta would be just about 14 to 15c if MO will to be at 8c, I don' t think the other SS will be happy because that will would translate to 40% discount off nta unless TH just want to go through the motion knowing no sane shareholder would accept the offer better      ( Date: 18-Sep-2021 21:45) Posted: Personally, I hope that MO remains at 8 cents so I could buy more to average down in the coming months. Nevertheless, a higher offer cannot be ruled out totally depending on Temasek' s intention. If a Keppel OM deal is imminent, they would have to shore up SCM' s share price for a better exchange term with Keppel as the merger involves SCM issuing shares to Keppel and Keppel distributing SCM shares to their shareholders. A half baked offer like 14 or 15 cents would leave me in a fix. Chagatai      ( Date: 18-Sep-2021 20:48) Posted: Jia lat 8c I Will kena again .. one more beer la
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better Elite	18-Sep-2021 21:45        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Personally, I hope that MO remains at 8 cents so I could buy more to average down in the coming months. Nevertheless, a higher offer cannot be ruled out totally depending on Temasek' s intention. If a Keppel OM deal is imminent, they would have to shore up SCM' s share price for a better exchange term with Keppel as the merger involves SCM issuing shares to Keppel and Keppel distributing SCM shares to their shareholders. A half baked offer like 14 or 15 cents would leave me in a fix. Chagatai      ( Date: 18-Sep-2021 20:48) Posted: Jia lat 8c I Will kena again .. one more beer la
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shortyboy Member	18-Sep-2021 21:34        shortyboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Future rights call by Ta ma sick on other portfolio will be strongly supported or avoid at all cost. Investor always have good memory.
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shortyboy Member	18-Sep-2021 21:30        shortyboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ta ma sick has some other portfolio burning cash too. How SMM MGO transform will have impact on investors confident whether its still worthwhile or risky to continue holding other stocks own by them burning cash badly due to covip too. Price will conclude basis willing buyers willing sellers settlement to give investor confident or fear on their other portfolio. Worldwide is watching this SMM MGO saga closely.
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ahhuat08 Elite	18-Sep-2021 20:52        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	agreed stanleytay      ( Date: 18-Sep-2021 20:42) Posted: Ya.. Its written very clearly that Temasek will make an offer of 8c in compliance with the rules. Not sure what is the debate going on about dropping below 8c or offering 10c. Just let the market work its way, but one thing is for sure. 8c will be the base for now. ahbui8      ( Date: 18-Sep-2021 20:11) Posted: Sorry hor, BT cmi writer Joan NG write offer price must be 8cts, ' must be' and ' most probably' totally two different meaning. LO
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Chagatai Veteran	18-Sep-2021 20:48        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jia lat 8c I Will kena again .. one more beer la
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stanleytay Master	18-Sep-2021 20:42        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya.. Its written very clearly that Temasek will make an offer of 8c in compliance with the rules. Not sure what is the debate going on about dropping below 8c or offering 10c. Just let the market work its way, but one thing is for sure. 8c will be the base for now. ahbui8      ( Date: 18-Sep-2021 20:11) Posted: Sorry hor, BT cmi writer Joan NG write offer price must be 8cts, ' must be' and ' most probably' totally two different meaning. LOL ahhuat08      ( Date: 18-Sep-2021 19:20) Posted: primarily due to BT' s article saying that MO/CO price would most probably be 8 cts, alot of forumers think cant be bothered to read in details of the BT report
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ahbui8 Master	18-Sep-2021 20:11        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry hor, BT cmi writer Joan NG write offer price must be 8cts, ' must be' and ' most probably' totally two different meaning. LOL ahhuat08      ( Date: 18-Sep-2021 19:20) Posted: primarily due to BT' s article saying that MO/CO price would most probably be 8 cts, alot of forumers think cant be bothered to read in details of the BT report   camelhump      ( Date: 18-Sep-2021 19:12) Posted: Wow, rights results very positive in the morning to negative now....Amazing !
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