| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembCorp Marine- The new Frontier.
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peterwong321
Veteran |
19-Oct-2021 19:19
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Simple Math 1 day 3k covid cases and death 10 1 month 33k covid cases and death 310 1 year 400o covid cases and death 4k 1 year calculation , MTF is not god they r human they do make mistake and cause many lives loss, let pray together and covid to disappear like SAR 
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share456
Veteran |
19-Oct-2021 19:17
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it is confirmed that as long as COVID is in Singapore, SCM will face losses. Singapore is supposed to live with COVID. When can COVID be over in Singapore ?   |
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ksangks
Senior |
19-Oct-2021 19:16
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Why they need to give warning so early ? | ||||
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Chagatai
Veteran |
19-Oct-2021 19:00
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Lol 😂 😂 lol I was eating dinner and reading then Starship ? I saw this ?. the food shoot out of my Nose la as I burst out laughing.. I look 👀 around people all looking at me Jia lat i quickly get up and go back home !!
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share456
Veteran |
19-Oct-2021 18:54
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SCM cannot take good care of workers, now blame not enough of skilled workers. how to get enough workers when they cannot take care of wortkers who leave ? when can COVID be over so that SCM can work properly ? why Keppel and others can work in COVID but SCM cannot work in COVID ?    
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share456
Veteran |
19-Oct-2021 18:50
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so the toal 2021 loss around $1.4 billions. let assume loss for 2022 is $ 1 billions, SCM needs another right issue for 2023  
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peterwong321
Veteran |
19-Oct-2021 18:50
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Gov related businesses usually will make a huge loss over years, they are scholar and Army general dun know how to do business only will come out in press to scold you Our MTF also like this some many covid cases and deaths yet denied flip flop here and there. 
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ksangks
Senior |
19-Oct-2021 18:45
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SCM just announced they will lose money in SE ond half , from the way the rubbish reasons they gave , the loss will be very huge again Enjoy reading
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better
Elite |
19-Oct-2021 18:44
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Bad news but small matter. The accounting for yard projects is quite different.  3 major projects (Farmosa 2 jackets, Drillship Atlas and Shell Vito Semisub) that SCM is rushing to complete by Dec originally will be delayed by 1-2 months, meaning they cannot recognise a few hundred million dollars worth of revenue by year end 2021. Cost will be incurred to advance the projects but the big chunk of revenue cannot be recognised until Q1 next year. That is the cause of the steep losses expected for H2 2021.  
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Starship
Supreme |
19-Oct-2021 18:33
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Just need to parachute in this one as new CEO !!!!!  ![]() ![]() ![]()
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chart_expert123
Master |
19-Oct-2021 18:31
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Already collapsed lah.
1.7bil order book, can make loss of 1.3bil. Better close shop and do nothing lah, the money raised through rights for job support scheme also can last few years lah.
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ahbui8
Master |
19-Oct-2021 18:29
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With TH around, won' t collapse just need time to change away the management and turn around. But if TH is charitable by continuing remain the management then I don' t know liao 😂 anyway I' m getting out 50% of my invest in this shit management.
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chart_expert123
Master |
19-Oct-2021 18:22
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Still got NAV, who will buy an assets which burn 1.3bil per year.
Give you free also don't want ah.
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peterwong321
Veteran |
19-Oct-2021 18:20
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I sell u know who will collect from you, they offer 8 cents now they can collect cheaper
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chart_expert123
Master |
19-Oct-2021 18:18
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Tomorrow 😂 😂 😂
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ahbui8
Master |
19-Oct-2021 18:17
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SM management really CMI, still blame on Covid 19, if Covid 19 really that destructive, why stock market still up & up. Is this incompetent management do not know how to plan and execute on the project. Really hopeless, must run away 50%. If 2H losses same as 1H, NAV will be around 12.3cts. Lower than TERP 🤦 🏻 &zwj ♂ ️ | ||||
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Starship
Supreme |
19-Oct-2021 18:17
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So when is the next Rights Issue ?  ![]()
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chart_expert123
Master |
19-Oct-2021 18:16
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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5-6cents is coming!!!!!
Sembmar already burnt 3-4cents out of 8cents which raise through new18.8bil shares for 1.5bil. Let's see if MGO still can support the 8cents tomorrow.
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Starship
Supreme |
19-Oct-2021 18:15
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![]() ![]()
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chart_expert123
Master |
19-Oct-2021 18:12
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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As of the date of this Announcement and based on information currently available to the Group, the Group expects that the increased costs to complete the projects, as well as the losses arising from the added delays, will result in significant losses for 2H2021, which could potentially be in the range of the losses reported for 1H2021.
Just make it clear another 650mio will be burnt in 2H 2021.
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