| Latest Forum Topics / Sembcorp Ind Last:6.13 -- |
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amplefield ltd w221218
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bystander1965
Supreme |
26-Aug-2020 17:54
Yells: "What I say is just my assessment. DYODD" |
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Yes this is a possible scenario. It can also go up before 2Sep so that current SMM SH will buy the right shares so that TH and SCI won' t have to cough up so much. But these are all speculations. Like I said, if one is in for the long term and trust that SMM will go back up, these are just noises. I am interested to know partly for " study" and partly I want to exit some. I will be holding too many SMM than I would like, with rights or SCI distribution. So for short term positions, just have to monitor closely these 2 weeks.
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ckh002
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26-Aug-2020 17:44
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All potential buyers are waried that BBs will flash down to $0.205 before 2/9/20 and not worthwhile to break the 0.1 ct wall of 230m of rights. The cost + comm will be more than $0.205 and huge potential risk of falling below $0.20 when SCI XE. One consolation was that looking the SMM transacted volume of 41m toady and 44m yesterday, there were also possibility that BBs have to do some shorts covering these 2 days. Let' s observe another 4 working days and if want to pump more $, go for SCI. We have already given SMM shares already, so need not worried much. Let the BBs decide and path the way, we just ride the train 
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SgTrader17
Elite |
26-Aug-2020 17:42
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It doesn't mean that after 2nd Sept, rights trading ends, SCM will drop. Remember that trading of rights shares only on 11/09 and not immediately after 02/09. There is a time gap, if the big hands want to play, they will keep prices low before 02/09 so not many will take up the rights. But after rights over on 02/09, the time frame before 11/09 can still push SCM mother shares up. Those bought in SCM at 20.5 cents to now 22.5 cents, can still sell out higher before 11/09 when only trading for rights shares start. Isn't it? You do not have rights shares to sell before 11/09. Only available are the current SCM shares which the dilution portion still out of the picture. Hope my explanation makes some sense. But as mentioned, it is not within our control as small investors. We can only try to follow the trends that come and try to adjust our own positions accordingly. DYODD as always. Good luck. | ||||
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bystander1965
Supreme |
26-Aug-2020 17:25
Yells: "What I say is just my assessment. DYODD" |
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For SMM to trade near its NTA near term is rather hard, unless they suddenly announce billion $ projects. For SCI it has a better chance but will take a bit time. It' s been traded at heavy discount for quite long already.
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arctician1982
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26-Aug-2020 17:20
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i also find it strange the nil paid rights stay at 0.001 when SCM move to 0.22 from 0.2, cant understand, by right people will be willing to pay more for nil paid rights as SCM price move up unless they are sure it will go below 0.20 by mid Sep. | ||||
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ckh002
Member |
26-Aug-2020 17:19
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Studying at the various posible scenarios and looking at the 7m buy q at $0.20, it will not likely be cleared by 2 Sept. BBs after shorting from 35+ cents and checkmate right holders at 0.1 ct, likely will want to maintain SMM price between $0.20 - $0.205 to disccourage any holders to subscribe. Any upside shall be short down eventually. They will buy up all the rights at 0.1 ct and fully subscribe it. The cost will be 20.1+ per SMM share. When SCI holders dumped their entitled 492 SMM shares to below 20cts, it will not be long before TH/SCI/Underwriting bank step in to support the price as they are obliged to subscribe at $0.20. Together with the BBs, they will inject positve news/future merger/privatisition plans to pump up at least to near NTA. The timeline shall be determined by the market force and dynamic sutuation. Not to mention, all parties have bulk of SCI shares and will not let the price eroded too much. I would deem it that the low side is limited for both counters and upside are capped near respective NTA. You decide on your risk/reward ratio.
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bystander1965
Supreme |
26-Aug-2020 17:18
Yells: "What I say is just my assessment. DYODD" |
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That' s why I said this morning it was very strange. It started yesterday when it moved to 0.23 but rights didn' t move. Well draw your own conclusion. :P It went back down to 0.215 at 5pm but post close it was pushed back up to 0.225 go figure. Tomorrow if it break 0.225 or 0.23, my hunch is it will be above 0.2 for a few days to a few weeks. After that don' t know. But if for long term all these are just noise.
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SgTrader17
Elite |
26-Aug-2020 17:07
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Market closed. SCM 22.5 CENTS. Who is willing to buy at 22.5 cents when rights is trading at only 0.001? Who is willing to buy when after rights issue, rights shares will drop to 15 cents (many waiting)? Lol. Shld I say these ppl waiting for 15 cents are dreaming or greedy? Might as well queue at 10 cents. Good luck. Market is not within my control. Just sharing opinions. DYODD | ||||
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SgTrader17
Elite |
26-Aug-2020 16:23
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I will really be laughing they get to push SCM beyond 25 cents to 26 cents before rights shares trading. Those whom let go at 20.5 cents will be crying. Those dumped their rights at 0.002 to 0.004 will have no tears. I am holding my SCM and will subscribe 70% of the rights. If have intention to hold, I don't think will lose on the long term. Short term wise, how they want to play, I also have no control. From 40+ cents average lows after demerger plan announced to 22 cents ex-rights. I am keeping these cheap stuffs for a better tomorrow. | ||||
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dealingroom88
Member |
26-Aug-2020 16:23
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If temasek allows smm to drop well below .20, it left with little bullet to execute grant o n g merger which is urgently needed
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SgTrader17
Elite |
26-Aug-2020 16:16
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Second time SCM is being pushed up. It's already being whacked down from 35cents pre rights to 20.5 lowest. So many still thinking of buying at 15 cents etc. Well, you can try to queue, sure. Whether you managed to get or not, that's another question. And, will the major shareholders grab it before you get to it? Or they will choose to announce something when it's time to push. I still think the vote passed through with something. What is it, I view as positive, unless Temasek wants to lose money and lose face. Dyodd. My two cents. Not inviting anyone to buy. You decide yourself if really want to buy. That's important. I am vested both SCI and SCM. | ||||
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dealingroom88
Member |
26-Aug-2020 16:15
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I mean BB cleared .22😅
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bystander1965
Supreme |
26-Aug-2020 16:14
Yells: "What I say is just my assessment. DYODD" |
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Somehow people perceive SIA to be a better stock. :p I hope SMM follows the SIA pattern. SIA burnt 1/2 of 8b raised in 2 months. :O But it still trades above $3. Granted it is not as heavily diluted.
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danger
Supreme |
26-Aug-2020 16:13
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measn what ? kena buy over by keppel ? 
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dealingroom88
Member |
26-Aug-2020 16:11
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Smm kena swallowed | ||||
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dealingroom88
Member |
26-Aug-2020 16:08
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Think dun hv to be unduly worried. If you followed SIA, it didnt dropped as much as feared on the day when the new shares started trading | ||||
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danger
Supreme |
26-Aug-2020 16:04
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maybe that is what the BB wants.. everyone to dump at 1.8x
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bystander1965
Supreme |
26-Aug-2020 16:00
Yells: "What I say is just my assessment. DYODD" |
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That' s why I thought. It just disappeared. It could also be a block to collect at 1.86, whether it was cover or long ... There were not a lot at 1.86 Q but one could see it won' t be sold down after a while a few tens of lots appeared at the Q again. A lot of wayang.
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happy2020
Senior |
26-Aug-2020 16:00
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True bro.. But in reality, you cant beat the big money, they drive the market, you can only take a dip when you have the chance. For the past 2 months, so many chances to sell at $1.98 but end up I have to dump everything at 1.90, 1.87, 1.83, 1.86.. I was lucky that my average price is only 1.81 so I still made some profit. Just take your profit in this volatile market conditions. Never get emotionally attached to a particular counter, you will get manipulated easily.
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TigerPlay
Master |
26-Aug-2020 15:57
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SCI struggling with 1.88, hope BB come in to help cross... | ||||
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