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SembCorp Marine- The new Frontier. Post Reply Rate topic
better Elite	23-Oct-2021 21:33        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good question. That' s because of a big problem that Keppel OM has. Keppel OM has in its balance sheet $2.6 billion (contract asset) worth of completed or almost completed jack up rigs that they cannot offload. They were building all these rigs until recently that will be stucked least until at least 2023. According to their disclosure, $1.65 billion of it has higher counter-party risks. From Keppel financial statement: Contract assets relating to certain rigbuilding contracts where the scheduled dates of the rigs have been deferred and have higher counter-party risks amounted to $1,653,547,000  All the extra manpower that were deployed previously to build those rigs that they cannot sell can now be assigned to other projects. Keppel OM also provided yard financing of $875mil to offloading some of their rigs previously. And also extended a $155 mil loan to its subsidiary Floatel Keppel: Trade receivables are related to financing arrangements for delivered rigs where the Group has retained title. $369,508,000 (2019: $125,444,000) is due from one customer and bears floating interest at LIBOR plus a margin, and repayable in 2024 and 2025. The remainder is due from another customer, bears fixed interest and repayable in February 2024, December 2029 and on demand. The customer has options for early repayment. During the year, the Group recognised an expected credit loss allowance of $169,611,000 (2019: $nil) on the trade receivables as detailed in Note 2.28(b)(ii). As at 1 January 2019, the Group did not have a long term trade receivables balance In 2019, included in the other receivables is an unsecured, interest-bearing US Dollar loan amounting to $155,425,000 which is repayable in 2025 by Floatel International Limited, an associated company. During the financial year ended 31 December 2020, this loan was reclassified to investment in associated company as it is considered as part of the Group&rsquo s net investment in Floatel, as disclosed in Note 10(f Comparatively, Sembmarine is in a much better cashflow situation as it will be offloading close to $1bil of contract asset (the 2 drillships) to Transocean in a couple of months time, collecting S$540 mil in cash and extendiing a S$620 mil yard financing to them. Also, In Feb 2023, SCM is due to collect about $1.1 billion from Borr drilling for the yard financing of the 9 jack up rigs sold in 2018.   naoshingo      ( Date: 23-Oct-2021 18:28) Posted: BRo Better, can share your thoughts why KC doesn't seem to have manpower issue? better      ( Date: 23-Oct-2021 18:17) Posted: Good news for resolving worker shortage.
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shortyboy Member	23-Oct-2021 21:33        shortyboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unless all of them agreed at specific timing to start posting negative remark everyday around same timing so coincidence.
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shortyboy Member	23-Oct-2021 21:30        shortyboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	If u guys observed all this several familiar nicks will start posting around same time everyday. Its the same guy whom create several nick name to post msgs. Poor fellow wake up early to use several different nicks to post. He is indeed very hardworking im impressed n salute him. 1 person mindset doesnt reflect all investors mindset
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ckmpd1 Supreme	23-Oct-2021 20:25        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bad mgmt often blame workers, shortage of manpower, supply chain disruptions and others for their problems.  But often the root causes can be traced to bad mgmt  share456      ( Date: 23-Oct-2021 20:01) Posted: no use for SCM. SCM cannot even take care of existing workers, how to take care of more workers. All workers will complain about the food,poor living conditions and medical care.   honesty      ( Date: 23-Oct-2021 17:13) Posted: shooting up leow, more workers will be working at SMM yard next 2 weeks. hold for more value From 11.59pm on Oct 26, travellers with a 14-day travel history to Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka, prior to departure to Singapore will be allowed to enter or transit through the country again
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share456 Veteran	23-Oct-2021 20:01        share456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	no use for SCM. SCM cannot even take care of existing workers, how to take care of more workers. All workers will complain about the food,poor living conditions and medical care.   honesty      ( Date: 23-Oct-2021 17:13) Posted: shooting up leow, more workers will be working at SMM yard next 2 weeks. hold for more value From 11.59pm on Oct 26, travellers with a 14-day travel history to Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka, prior to departure to Singapore will be allowed to enter or transit through the country again
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stanleytay Master	23-Oct-2021 19:58        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Understand smm? You sound like you already figure out whats going on in there. Anyway, dont say until you are enemy when you dont even own or dare to short smm. You are just a spammer following herd instinct hoping to see smm go down. Mr Chagatai, your money, your call. If you like to hear paper words from ckmpd, he is v good at that. ckmpd1      ( Date: 23-Oct 18:35) Posted: Well said, Chagatai.  You are very wise. We are all here to try understand SMM better.  We wish everyone can make money.    we aim to buy low and sell high.  We share our opnions using statistics and facts or feelings.  Everyone can read the opinions of others and decide for himself who talks sense and who talks with emotions. No one need to be offended. But there are some here who although biological old but are immature investors.  They get offended by opposing views and look at those with different from views them as enemies. They got worked up, angrified and try to bad mouth others Chagatai      ( Date: 23-Oct-2021 16:59) Posted: It is about making money with all opinions and options considered. It is NOT about pride sir. Pride comes before a Fall and I Rather have Friends all around with hard opinions I can discern and contemplate. Hold on.. okay a shot of whiskey and I wish this SMM goes to 30c and I wish I can buy it as cheaply as possible I wish for all opinions to gather enough courage or motivation or knowledge to do so that is All Sir
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ckmpd1 Supreme	23-Oct-2021 19:39        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some SMM SHs are hoping that merger with KOM next yr will save SMM.  May not be so as ultimately it will depend on negotiations and the final terms and conditions of merger.    chart_expert123      ( Date: 23-Oct-2021 18:50) Posted: When sembmar shareholders were forced to accept 20cents rights when price was 60-70cents. 8cents rights when price was 22.5cents. I won't be surprise a merge deal end up is 20-80% which keppel Corp hold the 80% of merged new entity. Or sembmar winding up and transfer all assets to keppel o&m and list keppel o&m in sgx with sembmar shell. Sembmar shareholders will cry? I really doubt if you still have tear after 2 rights. Do your own due diligence. You won't be suffering anything, no matter what is the outcome if you buy keppel Corp. Put your money in safe heaven rather than an incinerator. chart_expert123      ( Date: 23-Oct-2021 18:44) Posted: Buy keppel Corp if you are thinking the industry is still having future, especially oil price breaking many years high and gas price shoot to roof. It will be extremely sad case, you are right with the prospect of the industry But choose a wrong company which is short life before the boom arrive. All industries are having good company and bad company, such as apple, Samsung but Nokia. Keppel o&m but sembmar. 3Nov, will know where price move. Keppel corp announced keppel o&m turn to profitable, sembmar reported 1.3bil loss. Only people lose mental capacity think that the merge deal will be in favour to sembmar. Do you own due diligence. Dump all sembmar shares and buy keppel Corp shares. Merge deal is no longer a 50-50% if 500mio cash is not given to keppel Corp shareholders, it will be a 40-60, 30-70 or 20-80% shares allocation based on current situation. TH, sembmar and keppel are projecting the inpression to market that, sembmar is very bad now and keppel o&m is very good. At the same time, for market to accept a non 50-50% JV.
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ttbanthony Veteran	23-Oct-2021 19:38        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Funds sufficient for 2022. No rights for 2022. Above as per disclosed in updates. 0.124 before CNY.
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ckmpd1 Supreme	23-Oct-2021 19:36        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes.  I think Singapore will try to save the O& M industry but not necessarily SMM.  The merged (KOM& SMM) company may be severely at the expense of SMM shareholders.  KOM now looks in better health than SMM.    chart_expert123      ( Date: 23-Oct-2021 18:50) Posted: When sembmar shareholders were forced to accept 20cents rights when price was 60-70cents. 8cents rights when price was 22.5cents. I won't be surprise a merge deal end up is 20-80% which keppel Corp hold the 80% of merged new entity. Or sembmar winding up and transfer all assets to keppel o&m and list keppel o&m in sgx with sembmar shell. Sembmar shareholders will cry? I really doubt if you still have tear after 2 rights. Do your own due diligence. You won't be suffering anything, no matter what is the outcome if you buy keppel Corp. Put your money in safe heaven rather than an incinerator. chart_expert123      ( Date: 23-Oct-2021 18:44) Posted: Buy keppel Corp if you are thinking the industry is still having future, especially oil price breaking many years high and gas price shoot to roof. It will be extremely sad case, you are right with the prospect of the industry But choose a wrong company which is short life before the boom arrive. All industries are having good company and bad company, such as apple, Samsung but Nokia. Keppel o&m but sembmar. 3Nov, will know where price move. Keppel corp announced keppel o&m turn to profitable, sembmar reported 1.3bil loss. Only people lose mental capacity think that the merge deal will be in favour to sembmar. Do you own due diligence. Dump all sembmar shares and buy keppel Corp shares. Merge deal is no longer a 50-50% if 500mio cash is not given to keppel Corp shareholders, it will be a 40-60, 30-70 or 20-80% shares allocation based on current situation. TH, sembmar and keppel are projecting the inpression to market that, sembmar is very bad now and keppel o&m is very good. At the same time, for market to accept a non 50-50% JV.
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Starship Supreme	23-Oct-2021 19:03        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	chart_expert123      ( Date: 23-Oct-2021 18:50) Posted: When sembmar shareholders were forced to accept 20cents rights when price was 60-70cents. 8cents rights when price was 22.5cents. I won't be surprise a merge deal end up is 20-80% which keppel Corp hold the 80% of merged new entity. Or sembmar winding up and transfer all assets to keppel o&m and list keppel o&m in sgx with sembmar shell. Sembmar shareholders will cry? I really doubt if you still have tear after 2 rights. Do your own due diligence. You won't be suffering anything, no matter what is the outcome if you buy keppel Corp. Put your money in safe heaven rather than an incinerator. chart_expert123      ( Date: 23-Oct-2021 18:44) Posted: Buy keppel Corp if you are thinking the industry is still having future, especially oil price breaking many years high and gas price shoot to roof. It will be extremely sad case, you are right with the prospect of the industry But choose a wrong company which is short life before the boom arrive. All industries are having good company and bad company, such as apple, Samsung but Nokia. Keppel o&m but sembmar. 3Nov, will know where price move. Keppel corp announced keppel o&m turn to profitable, sembmar reported 1.3bil loss. Only people lose mental capacity think that the merge deal will be in favour to sembmar. Do you own due diligence. Dump all sembmar shares and buy keppel Corp shares. Merge deal is no longer a 50-50% if 500mio cash is not given to keppel Corp shareholders, it will be a 40-60, 30-70 or 20-80% shares allocation based on current situation. TH, sembmar and keppel are projecting the inpression to market that, sembmar is very bad now and keppel o&m is very good. At the same time, for market to accept a non 50-50% JV.
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chart_expert123 Master	23-Oct-2021 18:50        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	When sembmar shareholders were forced to accept 20cents rights when price was 60-70cents. 8cents rights when price was 22.5cents. I won't be surprise a merge deal end up is 20-80% which keppel Corp hold the 80% of merged new entity. Or sembmar winding up and transfer all assets to keppel o&m and list keppel o&m in sgx with sembmar shell. Sembmar shareholders will cry? I really doubt if you still have tear after 2 rights. Do your own due diligence. You won't be suffering anything, no matter what is the outcome if you buy keppel Corp. Put your money in safe heaven rather than an incinerator. chart_expert123      ( Date: 23-Oct-2021 18:44) Posted: Buy keppel Corp if you are thinking the industry is still having future, especially oil price breaking many years high and gas price shoot to roof. It will be extremely sad case, you are right with the prospect of the industry But choose a wrong company which is short life before the boom arrive. All industries are having good company and bad company, such as apple, Samsung but Nokia. Keppel o&m but sembmar. 3Nov, will know where price move. Keppel corp announced keppel o&m turn to profitable, sembmar reported 1.3bil loss. Only people lose mental capacity think that the merge deal will be in favour to sembmar. Do you own due diligence. Dump all sembmar shares and buy keppel Corp shares. Merge deal is no longer a 50-50% if 500mio cash is not given to keppel Corp shareholders, it will be a 40-60, 30-70 or 20-80% shares allocation based on current situation. TH, sembmar and keppel are projecting the inpression to market that, sembmar is very bad now and keppel o&m is very good. At the same time, for market to accept a non 50-50% JV.
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ckmpd1 Supreme	23-Oct-2021 18:47        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree.    I prefer KC, SCI and Singtel.  Just look at their their future plans.  They have dynamic mgmts chart_expert123      ( Date: 23-Oct-2021 18:44) Posted: Buy keppel Corp if you are thinking the industry is still having future, especially oil price breaking many years high and gas price shoot to roof. It will be extremely sad case, you are right with the prospect of the industry But choose a wrong company which is short life before the boom arrive. All industries are having good company and bad company, such as apple, Samsung but Nokia. Keppel o&m but sembmar. 3Nov, will know where price move. Keppel corp announced keppel o&m turn to profitable, sembmar reported 1.3bil loss. Only people lose mental capacity think that the merge deal will be in favour to sembmar. Do you own due diligence. Dump all sembmar shares and buy keppel Corp shares. Merge deal is no longer a 50-50% if 500mio cash is not given to keppel Corp shareholders, it will be a 40-60, 30-70 or 20-80% shares allocation based on current situation. TH, sembmar and keppel are projecting the inpression to market that, sembmar is very bad now and keppel o&m is very good. At the same time, for market to accept a non 50-50% JV.
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chart_expert123 Master	23-Oct-2021 18:44        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 keppel Corp if you are thinking the industry is still having future, especially oil price breaking many years high and gas price shoot to roof. It will be extremely sad case, you are right with the prospect of the industry But choose a wrong company which is short life before the boom arrive. All industries are having good company and bad company, such as apple, Samsung but Nokia. Keppel o&m but sembmar. 3Nov, will know where price move. Keppel corp announced keppel o&m turn to profitable, sembmar reported 1.3bil loss. Only people lose mental capacity think that the merge deal will be in favour to sembmar. Do you own due diligence. Dump all sembmar shares and buy keppel Corp shares. Merge deal is no longer a 50-50% if 500mio cash is not given to keppel Corp shareholders, it will be a 40-60, 30-70 or 20-80% shares allocation based on current situation. TH, sembmar and keppel are projecting the inpression to market that, sembmar is very bad now and keppel o&m is very good. At the same time, for market to accept a non 50-50% JV.
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ckmpd1 Supreme	23-Oct-2021 18:35        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well said, Chagatai.  You are very wise. We are all here to try understand SMM better.  We wish everyone can make money.    we aim to buy low and sell high.  We share our opnions using statistics and facts or feelings.  Everyone can read the opinions of others and decide for himself who talks sense and who talks with emotions. No one need to be offended. But there are some here who although biological old but are immature investors.  They get offended by opposing views and look at those with different from views them as enemies. They got worked up, angrified and try to bad mouth others Chagatai      ( Date: 23-Oct-2021 16:59) Posted: It is about making money with all opinions and options considered. It is NOT about pride sir. Pride comes before a Fall and I Rather have Friends all around with hard opinions I can discern and contemplate. Hold on.. okay a shot of whiskey and I wish this SMM goes to 30c and I wish I can buy it as cheaply as possible I wish for all opinions to gather enough courage or motivation or knowledge to do so that is All Sir
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naoshingo Elite	23-Oct-2021 18:28        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	BRo Better, can share your thoughts why KC doesn't seem to have manpower issue? better      ( Date: 23-Oct-2021 18:17) Posted: Good news for resolving worker shortage. honesty      ( Date: 23-Oct-2021 17:13) Posted: shooting up leow, more workers will be working at SMM yard next 2 weeks. hold for more value From 11.59pm on Oct 26, travellers with a 14-day travel history to Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka, prior to departure to Singapore will be allowed to enter or transit through the country again
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better Elite	23-Oct-2021 18:17        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good news for resolving worker shortage. honesty      ( Date: 23-Oct-2021 17:13) Posted: shooting up leow, more workers will be working at SMM yard next 2 weeks. hold for more value From 11.59pm on Oct 26, travellers with a 14-day travel history to Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka, prior to departure to Singapore will be allowed to enter or transit through the country again
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ttbanthony Veteran	23-Oct-2021 18:04        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why must he leave? I am reading his posting and find them great info For naysayers are either: 1. Those who burnt pain pain and hate this counter to the bones 2. Those who have no positions (either cut at loss) and wait to re enter by talking it down. 3. Others Hawker80      ( Date: 23-Oct-2021 17:38) Posted: bro,  for your good sake,  just leave this group. no one want to listen your lie alreaedy   better      ( Date: 23-Oct-2021 15:55) Posted: https://www.youtube.com/watch?v=XaWU1CmrJNc The Pirates who don' t do anything
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Hawker80 Senior	23-Oct-2021 17:38        Hawker80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro,  for your good sake,  just leave this group. no one want to listen your lie alreaedy   better      ( Date: 23-Oct-2021 15:55) Posted: https://www.youtube.com/watch?v=XaWU1CmrJNc The Pirates who don' t do anything. better      ( Date: 23-Oct-2021 15:05) Posted: Indeed, this is a room full of keyboard generals who know everything but don' t do anything. Neither buy nor sell. Just like the Veggie tales' pirates who don' t do anything.
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honesty Master	23-Oct-2021 17:13        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	shooting up leow, more workers will be working at SMM yard next 2 weeks. hold for more value From 11.59pm on Oct 26, travellers with a 14-day travel history to Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka, prior to departure to Singapore will be allowed to enter or transit through the country again
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Chagatai Veteran	23-Oct-2021 17:08        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Situation is fluid and critical every week there is more news and so far it is mostly negative so i tend toward the sentiments that is all to make a Profit from a trade as low to buy as high to sell I will Wait
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