| Latest Forum Topics / Seatrium Last:0.091 -- |
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Sembmarine_Green is the new gold_a better future
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MANFREDTMK
Master |
24-Dec-2021 13:56
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As you mentioned, 5% of their cash balance. The only problem I see here is the major shareholder do nothing leaving us, retailers to defend against the Wall Street sharks. And retailers to support the company's finance all the time. That explains why the share turned into a jinx from the mouth of so many investors. Trust is like a mirror, once broken can never be fixed back again. SM has a long way to earn back that trust and confidence. It a MUST
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MANFREDTMK
Master |
24-Dec-2021 13:48
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Putting things in perspective, the amount is equivalent to 2 Good Class Bungalow. Or 2 penthouse at CanningHill Piers. The settlement amount is much more lower. Do you think that will tank SM for a company that is so lowly gear
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bystander1965
Supreme |
24-Dec-2021 13:38
Yells: "What I say is just my assessment. DYODD" |
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I hold a slightly different view. It' s more than 5% of their cash position. If today SCM (or anybody in fact) is happily chucking along, flushed with cash/projects, this probably would not have come to arbitration/light. Some form of settlement would have been reached privately and accounted for somewhere in the book perhaps buried. But now every penny counts. Just my opinion. It' s true SCM not necessarily has to pay all or even part. I guess there is difference in interpretation of the contracts.  
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MANFREDTMK
Master |
24-Dec-2021 12:46
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One fund, Dimension is slowly accumulating. I think 7 cents is far too remote. Let's see
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MANFREDTMK
Master |
24-Dec-2021 12:43
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The amount $76m US is not that significant. KOM lawsuit is $1.1b.
However, usually the settlement amount, if any, will be a lot lower. Retailers are selling but I am not sure they can bear the pain of selling below 8 cents.
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better
Elite |
24-Dec-2021 12:42
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Yup. And also not litigation but arbitration.
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bystander1965
Supreme |
24-Dec-2021 11:57
Yells: "What I say is just my assessment. DYODD" |
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It's going to be a very long and bumpy voyage. Think it's going to be longer than I thought. Hopefully this submarine doesn't submerge for too long. Will run out of oxygen. 😅 . If you are in already just have to "tong" or "loon".
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kopi-boy
Member |
24-Dec-2021 11:50
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don' t be too discouraged...8.2c is still holding up well. the case is under litigation and not done deal yet, might not lose.
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ahbui8
Master |
24-Dec-2021 09:40
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The 8 cts wall will be break by next year Jan. This counter really is jinxed.  | ||||
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pkli899
Supreme |
24-Dec-2021 09:26
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![]() Haha......may it be 苦 尽 甘 来 希 望 在 明 天  
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chart_expert123
Master |
24-Dec-2021 09:15
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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😂 😂 😂 starhub revenue, profit and net cash flow all are in growth. SCM all are opposite. Of course buy big and hold starhub. If privatise, surely more than M1 privatise at 2.06. Starhub is only 1.35 now. Starhub market cap only 2.2bil. SCM is 2.78bil. Only scammers scam to buy SCM.
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chart_expert123
Master |
24-Dec-2021 09:09
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Exactly happened on swiber, ezra and ezion before turn zero value. 970mil become 890mil. More to come.
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naoshingo
Elite |
24-Dec-2021 08:45
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Haizz....I am numb already... Looking at $78M....it is like a small sum compared to the overall loses....and past figures...Lol..
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MakeChanges
Elite |
24-Dec-2021 08:03
Yells: "No price is too low for a bear or too high for a bull" |
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RECEIPT OF NOTICE OF ARBITRATION Sembcorp Marine Ltd (the ' Company' ) wishes to inform that its wholly-owned subsidiary, Jurong Shipyard Pte Ltd (' JSPL' ) has received a notice of commencement of four arbitrations from a vendor (the ' Vendor' ) under four separate contracts for the supply of certain equipment for some of its projects. JSPL maintains that the contracts for the supply of equipment were validly suspended or terminated. Parties have been in discussions over the payment claims from the Vendor for such suspension or termination, but have yet to reach an agreement. The Vendor has now commenced arbitration proceedings making allegations of breach and for payment. The amounts purportedly claimed are for invoices of approximately USD76 million plus other costs and interests under the four contracts, all of which remain to be proved by the Vendor. JSPL has engaged legal advisers for the four arbitrations proceedings and will defend all claims made against it. The Company will provide updates on material developments on this matter as appropriate.   |
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bystander1965
Supreme |
24-Dec-2021 07:23
Yells: "What I say is just my assessment. DYODD" |
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屋 漏 偏 逢 连 夜 雨 https://links.sgx.com/1.0.0/corporate-announcements/F7H4ZUF6CB4Q4RUD/db4aeb62ed6312ee2d248de544169a3389b40ad482348bce6b151fb6fd9df0a2 |
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dcproperty
Senior |
23-Dec-2021 20:22
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Haha... someone hopes Starhub being privatised or takeover by white knight lo
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better
Elite |
23-Dec-2021 19:50
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What happened to Starhub? Why dropped 52% over last 5 years?
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dcproperty
Senior |
23-Dec-2021 19:37
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Haha...that' s true.
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chart_expert123 ( Date: 23-Dec-2021 16:34) Posted:
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Elite
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For the marine/ ooffshore sector, SCM/ Keppel OM are truly global players with our thriving port bringing in steady supply of repair/ retrofit work.
In fact, the ports are keeping Singapore alive while the aviation sector is obliterated by Covid. And a strong offshore/marine sector is integral to Singapore' s desire to be a global shipping centre.
Are we going to be a champion in 5G, Autonomous driving tech or Semicon?  Go figure.
chart_expert123 ( Date: 23-Dec-2021 16:59) Posted:
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Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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Every industry is important to Gov, but which industry is the one to pump in money for expansion is based on actual action rather than lips service.
Oxtail ( Date: 23-Dec-2021 13:44) Posted:
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