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SembCorp Marine- The new Frontier. Post Reply Rate topic
ksangks Senior	17-Oct-2021 12:07        ksangks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Runners of syndicates are helping them to find new Suuukkerrss uiop1223      ( Date: 17-Oct-2021 11:56) Posted: What did the mtgm say when they beg for recent issue? If picture so rosy, why they call for rights issue to last for next 1.5yr. Either u siao kia or u trying to make more pple convert to suckers
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uiop1223 Supreme	17-Oct-2021 11:56        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What did the mtgm say when they beg for recent issue? If picture so rosy, why they call for rights issue to last for next 1.5yr. Either u siao kia or u trying to make more pple convert to suckers
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better Elite	17-Oct-2021 11:43        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	While Temasek had forked out about $1 billion so far for the 2 rights issues, other shareholders (mostly institutions and big retail players) contributed about S$750 mil to the SCM' s coffer last month ($1.4billion over the 2 rights issue). There is substantial fire power underneath this green baby that is just waiting for the right moment to ignite. Temasek and other shareholders just bought 18 billion shares at 8 cents.  While the computer (algorithm program) is controlling the buy and sell queue now, the sell queues will mysteriously vaporise once the avanlanche of buying starts. Sembmarine is likely to hold their cards close to chest at least until Q3 biz update in mid Nov.  The next minor announcement will be for the delivery of teh Ropax ferries, which would bring in tens of millions of cash. For those shouting no contract is likely half blind. Last year, nobody including Keppel OM got any substantial contract. Sembarine won Sofia. SCM won a long term cruise ship repair contract in Q2 and sealed the 2 Transocean drillships completion arrangement (That' s why they need extra manpower to deliver the drillships in the next half a year). Restarted Cambo design work, pending FID by this dec. Secured FEED for Darodo FPSO, 95% chance of starting construction by mid 2022. In the pole position for the Wisting FPSO bid which is a mega USD2-3 billion contract if deal can be confirmed by dec. And just last week, secured a Antarctic support vessel deal (should get the contract if they don' t demand too high a profit margin). The only problem is that SCM do not have the manpower to start a new mega project at least until Feb next year.
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better Elite	17-Oct-2021 11:34        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCM has $788 mil cash as at end of June. Cash collections from the delivery of Tyra topsides and Hornsea substation and various repair and upgrade work would have added a few hundred millions to their cash holding. Likely they would end the year with about S$1.5 billion cash plus minus
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better Elite	17-Oct-2021 11:32        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	2 key factors why Sembmarine can win the Antarctic support vessel deal (worth about S$700-800mil): 1) Sembmarine owns LMG Marin, a leading ship design and engineering house based in Norway. Needless to say, their products are designed to withstand extreme cold. 2) Sembmarine owns    Estaleiro Jurong Aracruz, which operates the biggest and most advanced yard in Brazil. EJA is likely the only yard in Brazil capable of  undertaking construction of drillships, semi-submersible and jackup rigs, platforms and  supply vessels, FPSO integration and topside modules fabrication effectively. (EJA will be the yard to beat for any deal that demand high local content to create more Brazillian jobs.
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Chagatai Veteran	17-Oct-2021 11:10        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bought both arbitrage Semb to move up plus win Kep win Semb
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chart_expert123 Master	17-Oct-2021 11:08        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Buy sembmar at 5 cents or buy keppel now for free sembmar free shares. Without merge plan, sembmar will bankruptcy. Keppel still keppel. With merge plan, keppel will be given free shares and you own keppel Corp plus 500mio cash dividend With merge plan, you will only holding the equivalent shares. chart_expert123      ( Date: 17-Oct-2021 10:59) Posted: Instead of saying it is a merge plan, it is asking keppel o&m to take over the sembmar assets especially the mega yard which are strategic plan under government plan. Keppel o&m Ltd soon will supercede sembmar. chart_expert123      ( Date: 17-Oct-2021 10:56) Posted: To long term shareholders who are holding the initial 2bil shares which worth 10bil in 2013 is 160mio now is equivalent to bankruptcy. 2.1 bil raised in 2020 used out in 2021, 1.5bil in 2021 will use out by 2022. By paying salary may not be used out so fast, but with poor management by signing loss making contracts, is worse than doing charity work. Charity work at least the money will go into the singapore economy cycle but go for those foreign company, is really throwing into black hole
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honesty Master	17-Oct-2021 11:03        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	hyflux knew their financial position and tempted many retirees etc with high interest, and then within 2years just declared trading stop and then all the way down, and still claiming many buyers yet none successful, even salim having ploughed in some got kind of disappointed later when some bad news kicked in on legal issues. OL must be happily hands off and living off her wealth for next 100 years easily, her mgmt team, board of directors, not sure if they could be living out happily without conscience vicloo      ( Date: 17-Oct-2021 10:19) Posted: scm will not go bankrupt because TH support behind... Worst case is sold off to other like NOL.... HYFLUX no big brother support left to die... chart_expert123      ( Date: 17-Oct-2021 10:17) Posted: Sembmarine is typical company failed to transform and restructure when the industry turn into down cycle like Nokia phone. Hyflux too. Sembmar will go bankruptcy if no merge plan.
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chart_expert123 Master	17-Oct-2021 10:59        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Instead of saying it is a merge plan, it is asking keppel o&m to take over the sembmar assets especially the mega yard which are strategic plan under government plan. Keppel o&m Ltd soon will supercede sembmar. chart_expert123      ( Date: 17-Oct-2021 10:56) Posted: To long term shareholders who are holding the initial 2bil shares which worth 10bil in 2013 is 160mio now is equivalent to bankruptcy. 2.1 bil raised in 2020 used out in 2021, 1.5bil in 2021 will use out by 2022. By paying salary may not be used out so fast, but with poor management by signing loss making contracts, is worse than doing charity work. Charity work at least the money will go into the singapore economy cycle but go for those foreign company, is really throwing into black hole. ckmpd1      ( Date: 17-Oct-2021 10:27) Posted: agree.  smm is not likely to go bankrupt because the implications are far and wide. selling of SMM to another ' CMA' is unlikely.  so a real option is Rights Issue 202
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chart_expert123 Master	17-Oct-2021 10:56        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	To long term shareholders who are holding the initial 2bil shares which worth 10bil in 2013 is 160mio now is equivalent to bankruptcy. 2.1 bil raised in 2020 used out in 2021, 1.5bil in 2021 will use out by 2022. By paying salary may not be used out so fast, but with poor management by signing loss making contracts, is worse than doing charity work. Charity work at least the money will go into the singapore economy cycle but go for those foreign company, is really throwing into black hole. ckmpd1      ( Date: 17-Oct-2021 10:27) Posted: agree.  smm is not likely to go bankrupt because the implications are far and wide. selling of SMM to another ' CMA' is unlikely.  so a real option is Rights Issue 2022 vicloo      ( Date: 17-Oct-2021 10:19) Posted: scm will not go bankrupt because TH support behind... Worst case is sold off to other like NOL.... HYFLUX no big brother support left to die...
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stanleytay Master	17-Oct-2021 10:32        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont talk rubbish lah, what happen to your technical analysis saying it will go 5c or 3c... We are living in times when we dont even know when we will get covid, and there are fortune tellers here predicting prices.   chart_expert123      ( Date: 17-Oct-2021 10:17) Posted: Sembmarine is typical company failed to transform and restructure when the industry turn into down cycle like Nokia phone. Hyflux too. Sembmar will go bankruptcy if no merge plan. ckmpd1      ( Date: 17-Oct-2021 10:15) Posted: a bad employer blames its contractors or workers, not itsel
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ckmpd1 Supreme	17-Oct-2021 10:29        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is a reason why TH may prefer the MGO to fail ckmpd1      ( Date: 17-Oct-2021 10:27) Posted: agree.  smm is not likely to go bankrupt because the implications are far and wide. selling of SMM to another ' CMA' is unlikely.  so a real option is Rights Issue 2022 vicloo      ( Date: 17-Oct-2021 10:19) Posted: scm will not go bankrupt because TH support behind... Worst case is sold off to other like NOL.... HYFLUX no big brother support left to die...
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ckmpd1 Supreme	17-Oct-2021 10:27        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	agree.  smm is not likely to go bankrupt because the implications are far and wide. selling of SMM to another ' CMA' is unlikely.  so a real option is Rights Issue 2022 vicloo      ( Date: 17-Oct-2021 10:19) Posted: scm will not go bankrupt because TH support behind... Worst case is sold off to other like NOL.... HYFLUX no big brother support left to die... chart_expert123      ( Date: 17-Oct-2021 10:17) Posted: Sembmarine is typical company failed to transform and restructure when the industry turn into down cycle like Nokia phone. Hyflux too. Sembmar will go bankruptcy if no merge plan.
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ckmpd1 Supreme	17-Oct-2021 10:24        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	merger is not likely to come in the next few months.  will SMM have enough money to function for the next nine months? where is smm going to get money for the merger? chart_expert123      ( Date: 17-Oct-2021 10:17) Posted: Sembmarine is typical company failed to transform and restructure when the industry turn into down cycle like Nokia phone. Hyflux too. Sembmar will go bankruptcy if no merge plan. ckmpd1      ( Date: 17-Oct-2021 10:15) Posted: a bad employer blames its contractors or workers, not itsel
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vicloo Supreme	17-Oct-2021 10:19        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	scm will not go bankrupt because TH support behind... Worst case is sold off to other like NOL.... HYFLUX no big brother support left to die... chart_expert123      ( Date: 17-Oct-2021 10:17) Posted: Sembmarine is typical company failed to transform and restructure when the industry turn into down cycle like Nokia phone. Hyflux too. Sembmar will go bankruptcy if no merge plan. ckmpd1      ( Date: 17-Oct-2021 10:15) Posted: a bad employer blames its contractors or workers, not itsel
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chart_expert123 Master	17-Oct-2021 10:17        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Sembmarine is typical company failed to transform and restructure when the industry turn into down cycle like Nokia phone. Hyflux too. Sembmar will go bankruptcy if no merge plan. ckmpd1      ( Date: 17-Oct-2021 10:15) Posted: a bad employer blames its contractors or workers, not itself chart_expert123      ( Date: 17-Oct-2021 10:07) Posted: Sembmar are pushing the blame to his sub con initially, now pushing the blame to workers themselves. Last year, sembmar declared to retrench 95% of workers. It wad a bad move, so majority workers refused to go back sembmar, so they newly employed batch of China workers due to no cases in China mean no restrictions but paying higher cost, known in market China workers much expensive than Indian or Bangladesh workers. Sembmar management mess up again again and again
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ckmpd1 Supreme	17-Oct-2021 10:15        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	a bad employer blames its contractors or workers, not itself chart_expert123      ( Date: 17-Oct-2021 10:07) Posted: Sembmar are pushing the blame to his sub con initially, now pushing the blame to workers themselves. Last year, sembmar declared to retrench 95% of workers. It wad a bad move, so majority workers refused to go back sembmar, so they newly employed batch of China workers due to no cases in China mean no restrictions but paying higher cost, known in market China workers much expensive than Indian or Bangladesh workers. Sembmar management mess up again again and again. investshare      ( Date: 17-Oct-2021 09:00) Posted: In that case, shouldn?t ica or MOH verify before allowing them in? Big loophole here
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ckmpd1 Supreme	17-Oct-2021 10:10        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks for the revelation.  good insights of mismanagement  chart_expert123      ( Date: 17-Oct-2021 10:07) Posted: Sembmar are pushing the blame to his sub con initially, now pushing the blame to workers themselves. Last year, sembmar declared to retrench 95% of workers. It wad a bad move, so majority workers refused to go back sembmar, so they newly employed batch of China workers due to no cases in China mean no restrictions but paying higher cost, known in market China workers much expensive than Indian or Bangladesh workers. Sembmar management mess up again again and again. investshare      ( Date: 17-Oct-2021 09:00) Posted: In that case, shouldn?t ica or MOH verify before allowing them in? Big loophole here
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chart_expert123 Master	17-Oct-2021 10:07        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Sembmar are pushing the blame to his sub con initially, now pushing the blame to workers themselves. Last year, sembmar declared to retrench 95% of workers. It wad a bad move, so majority workers refused to go back sembmar, so they newly employed batch of China workers due to no cases in China mean no restrictions but paying higher cost, known in market China workers much expensive than Indian or Bangladesh workers. Sembmar management mess up again again and again. investshare      ( Date: 17-Oct-2021 09:00) Posted: In that case, shouldn?t ica or MOH verify before allowing them in? Big loophole here? ckmpd1      ( Date: 17-Oct-2021 08:40) Posted: From what SMM said, their migrant workers have not been vaccinated in Singapore because they were supposed to be fully vaccinated in China.  But were they?  Did SMM validate that they were vaccinated in China before they came? Anyway, does Singapore recogniseSinovac vaccine? Messy..
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ckmpd1 Supreme	17-Oct-2021 09:58        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	some countries can fake vaccination certs and education certs easily.  govt agencies such as ica, mom, moh and employers such as smm must verify and not just take their words as gospel truth.  to not verify is to be irresponsible investshare      ( Date: 17-Oct-2021 09:00) Posted: In that case, shouldn?t ica or MOH verify before allowing them in? Big loophole here? ckmpd1      ( Date: 17-Oct-2021 08:40) Posted: From what SMM said, their migrant workers have not been vaccinated in Singapore because they were supposed to be fully vaccinated in China.  But were they?  Did SMM validate that they were vaccinated in China before they came? Anyway, does Singapore recogniseSinovac vaccine? Messy..
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