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SembCorp Marine- The new Frontier.
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papayaface
Supreme |
28-Jun-2021 10:49
Yells: "This is the best time to enter....when everythings uncertain" |
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Gone leoww. Huat ah. Good luck
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ICXGOLD
Master |
28-Jun-2021 10:42
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True, that said TH was prepared to burn 3b on Keppel and witht his exercise even if they take up 67% they only spend 1b and still have another 2b they can pump into a company they own over 50%. For that same 3b they now will own both keppel OG and SCM with 2b to spare. Its actually a masterstroke at our cost.
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crystalbee
Veteran |
28-Jun-2021 10:36
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I bot at $3. Did not monitor price kept sliding down. Only when it was $0.75 to $0.80, I realised no matter how high oil prices go up, this counter never going to reach $1.50 (at least I recoup 50% of my capital). A relief I bot only I lot and cut loss at $0.80. Once I thought of buying at $0.20 thinking market has calmed down but thankful I didn' t looking at the situation now. Why do they still need so much money? My opinion is better to find other counters to invest. 
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TigerPlay
Master |
28-Jun-2021 10:34
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But they may want more shareholder to participate rather than all TH and DBS take up all. So in future, if they is further need to issue right, can take money from these SH instead as they are oredy in it.
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TraderBen
Supreme |
28-Jun-2021 10:30
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the fact that they issued the rights at 0.08 is a showing that they dont care about miniroty SHs.. u can go and lick ur own wounds..
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papayaface
Supreme |
28-Jun-2021 10:29
Yells: "This is the best time to enter....when everythings uncertain" |
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Huat ah.  13.1 cts going, going ..... Good luck
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ICXGOLD
Master |
28-Jun-2021 10:26
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The rights is already a done deal, DBS has agreed  to underwrite upto 33% of rights and TH has agreed to take upto 67% = 100%  so whether you subcribe or now SCM ALREADY HAVE 1.5B in the bank confirm. So it really dont matter to them if it stays at 0.12 or 0.08. The best option for TH would be it trade at 0.08 so they get 67% without a fight. And small holders will simple walk away licking their wounds 
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Richardlai
Master |
28-Jun-2021 10:24
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so Sembcorp Marine sounds like a dumping ground for more assets that are in the sunset industries ??? better check on this further as it sounds like another Hyflux  | ||||
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newbie19
Supreme |
28-Jun-2021 10:22
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Agree, Best is DON' T TOUCH at this moment...
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DLP123
Senior |
28-Jun-2021 10:22
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Yes, it is an irresponsible deal. If the deal is done, we should see who head the deal and what are their real intentions.   
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naoshingo
Elite |
28-Jun-2021 10:21
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I think TH will protect SM from hostile takeover also from foreign firms....
Trade with care...DYODD...
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TigerPlay
Master |
28-Jun-2021 10:19
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That exactly wat i think too for now. if they let it go near 8cts, who will buy the right? my guess is would be around 12.4cts, 13cts level for now till thing are clearer, that why i oso sit it out, is oredy near 12plus cent.dyodd hor
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mkaung2000
Veteran |
28-Jun-2021 10:16
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Btw, me not buying lah. Just saying. There are many couters in SGX. 
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ICXGOLD
Master |
28-Jun-2021 10:13
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Its a foreign player so I guess they dont want it to go out of singapore. So its more national interest than shareholder interest 
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MANFREDTMK
Master |
28-Jun-2021 10:12
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If that's the case, why bailed out keppel, might as well sell sembcorp Marine to Yangzijiang shipbuilding for 30 cents. This company is doing very very well and might be keen to buy over Sembcorp Marine.
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acetron
Member |
28-Jun-2021 10:12
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history will repeat itself, if you want to invest, stay clear until the deal is done, might be able to pick up 0.09 per share   |
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ICXGOLD
Master |
28-Jun-2021 10:11
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Temporarily have decided to sit this out till it goes closer to rights price. Jumping to a 11% dividend play instead, looks like a safer bet till August. Keppel also not sure yet what the payout will be till things finalised. | ||||
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mkaung2000
Veteran |
28-Jun-2021 10:09
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I think should have some support lah. If not, right will have problem.
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kvyang
Veteran |
28-Jun-2021 10:09
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Weird...how come the 129 buy queue keep increase? Shorties so fast start to cover ? | ||||
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TA_Expert
Supreme |
28-Jun-2021 10:03
Yells: "The World has changed" |
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Unfortunately, there are still some people who are unaware about it, and continue to believe that it is a damn good deal. Look at the explosive rally in KC, exactly same as SCI last year.
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