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SembCorp Marine- The new Frontier. Post Reply Rate topic
ICXGOLD Master	28-Jun-2021 08:58        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel already said they will distribute all their shares to shareholders as dividend similar to what sembcorp Industries did with SCM shares they got TigerPlay      ( Date: 28-Jun-2021 08:39) Posted:   Quote : And SCM will give away 50% of the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. Unquote is the above statement you stated true? if so, is terrible. i tot i read that they will give up to $500 millions and some shares to keppel, din noe they are giving 50% share away to keppel !! ICXGOLD      ( Date: 28-Jun-2021 08:28) Posted: At its current burn 🔥 rate and lack of cash Inflow all money from the previous rights issue would be depleted by YE 2021 or Early 2022. Of the 1.5 Billion raised in this new rights, 500 million will to be paid to keppel. Leaving 1 billion in cash. This would extend SCM shelf life to atleast Q1 2023. As it stands now whether shareholders decide to subscribe or not their fate is almost sealed. Their holding will be diluted, in the worst case where none decide to subcribe the entire 1.5 billion  will come from DBS and TH. So SCM is here to stay for the next 18 months. And the TERP OF 0.124 is an inevitable outcome.  Subscribing to the rights, would help to average down the shareholders price per share, but at this stage based on valuations of around 0.09 from OCBC it makes more sense to sell and buy back cheaper.  There is also another Major uncertainty, if they merger were to go ahead both the O& G companies will merge into a new company. We have no clue at present how SCM shares will be converted to the new company shares. A worse off deal ? And SCM will give away 50% 9f the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. So the new company shares would also face selling pressure at its open.  Based on the previous dump by SCM shareholders the previous TERP never saw the light of day 😀 and the price went as low as 40% below the Rights price. So take a guess, will 0.124 hold? As of now you, need to pump in around 63% of your portfolio value to average your price to the TERP ( 0.124 ) i.e. for every $1000 you hold the rights will set you back $630. So however, we look at it. At present its best to hold on the sidelines, for atleast more clarity on: What will these ScM shares be worth in the new company?
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sutiono Veteran	28-Jun-2021 08:47        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Labor intensive ind not suitable for Spore .
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rookie$$ Member	28-Jun-2021 08:43        rookie$$ About Contact  Quote this Post!
x 0   x 0  Alert Admin	They get 50% of the company by part share and part cash TigerPlay      ( Date: 28-Jun-2021 08:39) Posted:   Quote : And SCM will give away 50% of the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. Unquote is the above statement you stated true? if so, is terrible. i tot i read that they will give up to $500 millions and some shares to keppel, din noe they are giving 50% share away to keppel !! ICXGOLD      ( Date: 28-Jun-2021 08:28) Posted: At its current burn 🔥 rate and lack of cash Inflow all money from the previous rights issue would be depleted by YE 2021 or Early 2022. Of the 1.5 Billion raised in this new rights, 500 million will to be paid to keppel. Leaving 1 billion in cash. This would extend SCM shelf life to atleast Q1 2023. As it stands now whether shareholders decide to subscribe or not their fate is almost sealed. Their holding will be diluted, in the worst case where none decide to subcribe the entire 1.5 billion  will come from DBS and TH. So SCM is here to stay for the next 18 months. And the TERP OF 0.124 is an inevitable outcome.  Subscribing to the rights, would help to average down the shareholders price per share, but at this stage based on valuations of around 0.09 from OCBC it makes more sense to sell and buy back cheaper.  There is also another Major uncertainty, if they merger were to go ahead both the O& G companies will merge into a new company. We have no clue at present how SCM shares will be converted to the new company shares. A worse off deal ? And SCM will give away 50% 9f the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. So the new company shares would also face selling pressure at its open.  Based on the previous dump by SCM shareholders the previous TERP never saw the light of day 😀 and the price went as low as 40% below the Rights price. So take a guess, will 0.124 hold? As of now you, need to pump in around 63% of your portfolio value to average your price to the TERP ( 0.124 ) i.e. for every $1000 you hold the rights will set you back $630. So however, we look at it. At present its best to hold on the sidelines, for atleast more clarity on: What will these ScM shares be worth in the new company?
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TigerPlay Master	28-Jun-2021 08:39        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quote : And SCM will give away 50% of the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. Unquote is the above statement you stated true? if so, is terrible. i tot i read that they will give up to $500 millions and some shares to keppel, din noe they are giving 50% share away to keppel !! ICXGOLD      ( Date: 28-Jun-2021 08:28) Posted: At its current burn 🔥 rate and lack of cash Inflow all money from the previous rights issue would be depleted by YE 2021 or Early 2022. Of the 1.5 Billion raised in this new rights, 500 million will to be paid to keppel. Leaving 1 billion in cash. This would extend SCM shelf life to atleast Q1 2023. As it stands now whether shareholders decide to subscribe or not their fate is almost sealed. Their holding will be diluted, in the worst case where none decide to subcribe the entire 1.5 billion  will come from DBS and TH. So SCM is here to stay for the next 18 months. And the TERP OF 0.124 is an inevitable outcome.  Subscribing to the rights, would help to average down the shareholders price per share, but at this stage based on valuations of around 0.09 from OCBC it makes more sense to sell and buy back cheaper.  There is also another Major uncertainty, if they merger were to go ahead both the O& G companies will merge into a new company. We have no clue at present how SCM shares will be converted to the new company shares. A worse off deal ? And SCM will give away 50% 9f the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. So the new company shares would also face selling pressure at its open.  Based on the previous dump by SCM shareholders the previous TERP never saw the light of day 😀 and the price went as low as 40% below the Rights price. So take a guess, will 0.124 hold? As of now you, need to pump in around 63% of your portfolio value to average your price to the TERP ( 0.124 ) i.e. for every $1000 you hold the rights will set you back $630. So however, we look at it. At present its best to hold on the sidelines, for atleast more clarity on: What will these ScM shares be worth in the new company?
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josemmm123 Master	28-Jun-2021 08:36        josemmm123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The confirmation of the deal needs at least 6 mths... In the meantime, not surprised if the share price of smm goes below 9 cents during the waiting period... too risky already ICXGOLD      ( Date: 28-Jun-2021 08:28) Posted: At its current burn 🔥 rate and lack of cash Inflow all money from the previous rights issue would be depleted by YE 2021 or Early 2022. Of the 1.5 Billion raised in this new rights, 500 million will to be paid to keppel. Leaving 1 billion in cash. This would extend SCM shelf life to atleast Q1 2023. As it stands now whether shareholders decide to subscribe or not their fate is almost sealed. Their holding will be diluted, in the worst case where none decide to subcribe the entire 1.5 billion  will come from DBS and TH. So SCM is here to stay for the next 18 months. And the TERP OF 0.124 is an inevitable outcome.  Subscribing to the rights, would help to average down the shareholders price per share, but at this stage based on valuations of around 0.09 from OCBC it makes more sense to sell and buy back cheaper.  There is also another Major uncertainty, if they merger were to go ahead both the O& G companies will merge into a new company. We have no clue at present how SCM shares will be converted to the new company shares. A worse off deal ? And SCM will give away 50% 9f the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. So the new company shares would also face selling pressure at its open.  Based on the previous dump by SCM shareholders the previous TERP never saw the light of day 😀 and the price went as low as 40% below the Rights price. So take a guess, will 0.124 hold? As of now you, need to pump in around 63% of your portfolio value to average your price to the TERP ( 0.124 ) i.e. for every $1000 you hold the rights will set you back $630. So however, we look at it. At present its best to hold on the sidelines, for atleast more clarity on: What will these ScM shares be worth in the new company?
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ICXGOLD Master	28-Jun-2021 08:28        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	At its current burn 🔥 rate and lack of cash Inflow all money from the previous rights issue would be depleted by YE 2021 or Early 2022. Of the 1.5 Billion raised in this new rights, 500 million will to be paid to keppel. Leaving 1 billion in cash. This would extend SCM shelf life to atleast Q1 2023. As it stands now whether shareholders decide to subscribe or not their fate is almost sealed. Their holding will be diluted, in the worst case where none decide to subcribe the entire 1.5 billion  will come from DBS and TH. So SCM is here to stay for the next 18 months. And the TERP OF 0.124 is an inevitable outcome.  Subscribing to the rights, would help to average down the shareholders price per share, but at this stage based on valuations of around 0.09 from OCBC it makes more sense to sell and buy back cheaper.  There is also another Major uncertainty, if they merger were to go ahead both the O& G companies will merge into a new company. We have no clue at present how SCM shares will be converted to the new company shares. A worse off deal ? And SCM will give away 50% 9f the new company to keppel shareholders for FREE, i.e another selling pressure when they get shares and DUMP THEM LATER. So the new company shares would also face selling pressure at its open.  Based on the previous dump by SCM shareholders the previous TERP never saw the light of day 😀 and the price went as low as 40% below the Rights price. So take a guess, will 0.124 hold? As of now you, need to pump in around 63% of your portfolio value to average your price to the TERP ( 0.124 ) i.e. for every $1000 you hold the rights will set you back $630. So however, we look at it. At present its best to hold on the sidelines, for atleast more clarity on: What will these ScM shares be worth in the new company?
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Observers Elite	28-Jun-2021 08:14        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	most retail " long term" investors dont look at the stock market everyday. Last weekend was probably the first time they read the news on this merger and rights issue. So today will probably be indicative of what most retail investors really think of the deal. bh3388      ( Date: 28-Jun-2021 07:43) Posted: in 1.5 hrs time, moment of truth Abe2021      ( Date: 27-Jun-2021 22:26) Posted: Interesting X-Factor tomorrow.
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bh3388 Member	28-Jun-2021 08:02        bh3388 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, clean energy, many big players already in. Fossil fuel will be around for maybe next 50 yrs I guess. Sgvale      ( Date: 28-Jun-2021 07:54) Posted: That's Green Energy story & so competitive worldwide. If no spin of story, how to exploit as much from dying Sembcorp Marrine to help pump more into Sembcorp Ind & Keppel? At least Sembcorp Marine is of use before it die away. Look at Ezion, Linc Energy, Triyard, Swissco, Swiber also rights after rights. Their conditions worse off than Sembcorp Marinr ADS2200      ( Date: 27-Jun-2021 22:48) Posted: Well if you have to promote so badly, you are truly desperate and worried. SMM and KOM have transit to green energy and will continue to evolve. Time to bid goodbye when the world is gone. As long as there is human, you need energy. It is gonna be diiferent this time and you know that. The no of naysayers/promoters in this forum are more than during demerger. Anyway this merger is gonna be this different compared to demerger from all the reports.
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Sgvale Supreme	28-Jun-2021 07:54        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's Green Energy story & so competitive worldwide. If no spin of story, how to exploit as much from dying Sembcorp Marrine to help pump more into Sembcorp Ind & Keppel? At least Sembcorp Marine is of use before it die away. Look at Ezion, Linc Energy, Triyard, Swissco, Swiber also rights after rights. Their conditions worse off than Sembcorp Marinr ADS2200      ( Date: 27-Jun-2021 22:48) Posted: Well if you have to promote so badly, you are truly desperate and worried. SMM and KOM have transit to green energy and will continue to evolve. Time to bid goodbye when the world is gone. As long as there is human, you need energy. It is gonna be diiferent this time and you know that. The no of naysayers/promoters in this forum are more than during demerger. Anyway this merger is gonna be this different compared to demerger from all the reports.    Sgvale      ( Date: 27-Jun-2021 22:26) Posted: Sembcorp Marine is a goner. Temasek keep hollow it to benefit for its other linked Co. Sembcorp Ind & Keppel Corp which stand a much better chance of future value add. Once Sembcorp Marine value is fully hollowed out. Time to bid goodbye.
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vicloo Supreme	28-Jun-2021 07:44        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	1. Believe in traditional o&g, fpso business... go for scm or new jv 2. Believe is non-O&G... Keppel or SCI (reits, telco, waste&water management etc etc) TA_Expert      ( Date: 28-Jun-2021 02:57) Posted: Temasek took this golden opportunity of the rising oil price to sell a good story. But wait a minute, shouldn' t SMM and Keppel Marine be focusing on clean energy in the future? Keppel Marine is a liability to Keppel Corp, just like SMM is a pain in the ass for SCI. Both parent entities wanted to cut of these loss-making subsidaries so that they can fly with colors. They are answerable to the shareholders especially Temasek. Take note that if you look at SCI, all their business segments are making monies except O& G, which is SMM. Hence, they have decided to cut it off once and for all. The same story goes for Keppel Corp. Keppel Marine is a liability to Keppl Group. All the busniess segments are profitable except again O& G. That is one of the reasons why Temasek decided to call of the deal with Keppel Corp at $7++. They know that as long as Keppel Marine stays with Keppel Corp, it will continue to pull down Keppel Corp.    It makes economical sense for Keppel Corp to cut Keppel Marine off not only it benefits the group but also allows Temasek to reconsider the deal at $7++ for Keppel. If you believe in oil and profitability stories, one should buy SCI and Keppel Corp instead of SMM or the new formed entity. moneyspinner      ( Date: 27-Jun-2021 20:40) Posted: I would not adopt a long term buy-and-hold strategy for this counter. The opportunity cost is just too huge as the business turnaround is uncertain. Sembcorp Marine share price ambushed by cash call The $1.5 billion rights issue is subjected to approval in the extraordinary general meeting (EGM), which is expected to be held in August 2021. Thus, it is not a done deal yet. In the event that the rights issue is approved, the theoretical ex rights price will be $0.124. As Sembcorp Marine share is currently being traded at around $0.140, the counter should continue its downward spiral in the coming weeks. In view of the chaos, I do think that it is premature to enter and accumulate. Given the sudden cash call, it appears to me that Sembcorp Marine?s liquidity had been severely impacted by COVID-19. The first sign of trouble can be gleaned from the net cash used in operating activities. For Sembcorp Marine, there was cash outflow from operating activities amounting to a stunning $750 million for FY2020. As of 31 December 2020, the Group only has cash holding of $772 million in the bank.
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bh3388 Member	28-Jun-2021 07:43        bh3388 About Contact  Quote this Post!
x 0   x 0  Alert Admin	in 1.5 hrs time, moment of truth Abe2021      ( Date: 27-Jun-2021 22:26) Posted: Interesting X-Factor tomorrow.  bh3388      ( Date: 27-Jun-2021 20:34) Posted: Tmr will be interesting... anyone hv idea last fri sell down is from fund or merely retailers, txs
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bh3388 Member	28-Jun-2021 07:41        bh3388 About Contact  Quote this Post!
x 0   x 0  Alert Admin	will be a interesting start for the week, deep dive or????
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Checkerman Master	28-Jun-2021 07:37        Checkerman About Contact  Quote this Post!
x 1   x 0  Alert Admin	Better run today . Very pathetic 8 cent
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TA_Expert Supreme	28-Jun-2021 03:06        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	From these few days of discussion, there are 2 camps. 1) Advocate to subscribe the rights. These are the free shares holders as well as those who bought cheaply during the demerged saga. 2) Advocate do not subscribe and sell whatever you have on hand Some people portraits them as shortists. For those who are unsure or can' t make up their mind, please do your homework carefully becuase it is your hard earned money. As far as the long term shareholders concerned (who bought more than $1 and above years ago), your investment is considered written off. Future rights issue and shares consolidation are highly possible. The share consoldiation will literally write off all the long term investors' values.
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TA_Expert Supreme	28-Jun-2021 02:57        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Temasek took this golden opportunity of the rising oil price to sell a good story. But wait a minute, shouldn' t SMM and Keppel Marine be focusing on clean energy in the future? Keppel Marine is a liability to Keppel Corp, just like SMM is a pain in the ass for SCI. Both parent entities wanted to cut of these loss-making subsidaries so that they can fly with colors. They are answerable to the shareholders especially Temasek. Take note that if you look at SCI, all their business segments are making monies except O& G, which is SMM. Hence, they have decided to cut it off once and for all. The same story goes for Keppel Corp. Keppel Marine is a liability to Keppl Group. All the busniess segments are profitable except again O& G. That is one of the reasons why Temasek decided to call of the deal with Keppel Corp at $7++. They know that as long as Keppel Marine stays with Keppel Corp, it will continue to pull down Keppel Corp.    It makes economical sense for Keppel Corp to cut Keppel Marine off not only it benefits the group but also allows Temasek to reconsider the deal at $7++ for Keppel. If you believe in oil and profitability stories, one should buy SCI and Keppel Corp instead of SMM or the new formed entity. moneyspinner      ( Date: 27-Jun-2021 20:40) Posted: I would not adopt a long term buy-and-hold strategy for this counter. The opportunity cost is just too huge as the business turnaround is uncertain. Sembcorp Marine share price ambushed by cash call The $1.5 billion rights issue is subjected to approval in the extraordinary general meeting (EGM), which is expected to be held in August 2021. Thus, it is not a done deal yet. In the event that the rights issue is approved, the theoretical ex rights price will be $0.124. As Sembcorp Marine share is currently being traded at around $0.140, the counter should continue its downward spiral in the coming weeks. In view of the chaos, I do think that it is premature to enter and accumulate. Given the sudden cash call, it appears to me that Sembcorp Marine?s liquidity had been severely impacted by COVID-19. The first sign of trouble can be gleaned from the net cash used in operating activities. For Sembcorp Marine, there was cash outflow from operating activities amounting to a stunning $750 million for FY2020. As of 31 December 2020, the Group only has cash holding of $772 million in the bank.
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Abe2021 Veteran	27-Jun-2021 23:31        Abe2021 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Future is linked with hope. Hyflux is without hope. Tomorrow is with hope with an expected outcome to manifest. Expect good to come. Cheers
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simpleguy123 Elite	27-Jun-2021 23:29        simpleguy123 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	He killed thousands.....He will be an asset to any Military Army  , can cut cost by hiring him. newbie19      ( Date: 27-Jun-2021 22:55) Posted: 28.06.2021 9.00am Jack The Ripper Part 2 STRICTLY NOT FOR FAINT-HEARTED. This Movie is about a serial killer who killed Thousands of unaware innocence victims indiscriminately and in a gruesome fashions. One of the most notorious serial killer.
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Abe2021 Veteran	27-Jun-2021 23:22        Abe2021 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When liquidity is up, next the valuation is revised upward. Merging of proprietory engineering combined will enhance their capability to compete. The Industry is booming, time to seize the opportunity Now is the time bh3388      ( Date: 27-Jun-2021 10:00) Posted: After rights, SM will have 1.5B ... only postive for now ..my view only Silo1234      ( Date: 27-Jun-2021 09:45) Posted: Yes, you are correct..................
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newbie19 Supreme	27-Jun-2021 22:55        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	28.06.2021 9.00am Jack The Ripper Part 2 STRICTLY NOT FOR FAINT-HEARTED. This Movie is about a serial killer who killed Thousands of unaware innocence victims indiscriminately and in a gruesome fashions. One of the most notorious serial killer.
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Tonychin2426 Member	27-Jun-2021 22:50        Tonychin2426 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How many of the 55 percent not owned by TH (6 billion shares) will sell? https://www.sembmarine.com/scm2016/wp-content/uploads/2021/03/07_AR2020_Shareholders-Information-and-Investor-Relations.pdf
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