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SembCorp Marine- The new Frontier. Post Reply Rate topic
Abe2021 Veteran	26-Jun-2021 21:02        Abe2021 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bystander, agree referring to those who are not registered here. I have checked with friends in fund houses. They said the person very humorous.    Ask the person to go SGX rulebooks, search for rights.    Go to SGX, look for regulation, rulebooks. Such a big news, many fund houses know what to do  Dyodd  bystander1965      ( Date: 26-Jun-2021 20:43) Posted: I believe foreign is defined as buyers who do not have a Singapore address. So foreign funds which have offices in Singapore are allowed to participate. That's normally the case for all rights issues cases. MANFREDTMK      ( Date: 26-Jun-2021 20:28) Posted: That's what I read from SGX, it's better you check with your broker as to whether foreign funds can subscribe to the Rights share and update all of us. As far as I know, they can only sell their entitlement during the 2 weeks when the entitlement starts trading, but not subscribe. SGX shows can subscribe only under certain conditions, but never list them. Check with your broker.
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weekaykee Master	26-Jun-2021 21:02        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nonsense sutiono      ( Date: 26-Jun-2021 20:54) Posted: Foreign fund are shareholders but cannot subscribe to its right entitlement ?
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sutiono Veteran	26-Jun-2021 20:54        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Foreign fund are shareholders but cannot subscribe to its right entitlement ?
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Abe2021 Veteran	26-Jun-2021 20:50        Abe2021 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No point keep harping, SGX has rulebooks. No point keep harping on it. Now people don' t buy your story. Don' t be worried   Silo1234      ( Date: 26-Jun-2021 20:20) Posted: If foreign invesstor cannot subscribe, then they will sell it all, today - Mragin call MANFREDTMK      ( Date: 26-Jun-2021 17:48) Posted: All the while, foreign funds are not allowed to subscribe. It's not unique to this share only. This is why the pricing of the rights price is extremely important. In Sembcorp Marine case, it's extreme, 60% below market price. That's why the share price tumbled, even on good news. As I kept mentioning, all these will be avoided if the Rights issue is 1.5 shares at 16 cents each, for every 2 existing shares you own, then the ex-right price will be 18.28 cents. So the foreign funds need not have to sell below that price. And yet Sembcorp Marine still receive the same $1.5b, without causing so much distress and anxiety to all its loyal shareholders. The unintended consequences have led many to believe that the proposed exercise is a great disaster, although I must admit the financial terms of the merger favor Keppel Corp. Hope Temasek can understand the plight of Sembcorp Marine holders who have already suffered deep enough to come up with better terms to help Sembcorp Marine shareholders. Their anxiety till September for the Rights issue to be over, and then to wait for the results of the merger can be psychological destructive for existing shareholders. Pray for divine intervention to keep your sanity.
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bystander1965 Supreme	26-Jun-2021 20:43        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	I believe foreign is defined as buyers who do not have a Singapore address. So foreign funds which have offices in Singapore are allowed to participate. That's normally the case for all rights issues cases. MANFREDTMK      ( Date: 26-Jun-2021 20:28) Posted: That's what I read from SGX, it's better you check with your broker as to whether foreign funds can subscribe to the Rights share and update all of us. As far as I know, they can only sell their entitlement during the 2 weeks when the entitlement starts trading, but not subscribe. SGX shows can subscribe only under certain conditions, but never list them. Check with your broker. Silo1234      ( Date: 26-Jun-2021 20:20) Posted: If foreign invesstor cannot subscribe, then they will sell it all, today - Mragin cal
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bystander1965 Supreme	26-Jun-2021 20:40        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	No. JV is another setup by KC and the new entity (SCM+KOM). The new entity is entirely owned by SCM sh. edwinjup      ( Date: 26-Jun-2021 20:36) Posted: Don't think so....keppel mgt say will hold 50% in the new co....don't be surprise ..keppel share holders will get more from this JV.... f16force      ( Date: 26-Jun-2021 20:31) Posted: By paying up to $500 million in cash to KC, it means SM will issue less shares for KC' s  businesses. assuming SM' s share is valued at 12.5 cents, then, SM will issue 4 billion less shares
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moneyspinner Veteran	26-Jun-2021 20:37        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just cut and move on. Can forget about smc. There are so many other potential better counters to look at. MANFREDTMK      ( Date: 26-Jun-2021 17:48) Posted: All the while, foreign funds are not allowed to subscribe. It's not unique to this share only. This is why the pricing of the rights price is extremely important. In Sembcorp Marine case, it's extreme, 60% below market price. That's why the share price tumbled, even on good news. As I kept mentioning, all these will be avoided if the Rights issue is 1.5 shares at 16 cents each, for every 2 existing shares you own, then the ex-right price will be 18.28 cents. So the foreign funds need not have to sell below that price. And yet Sembcorp Marine still receive the same $1.5b, without causing so much distress and anxiety to all its loyal shareholders. The unintended consequences have led many to believe that the proposed exercise is a great disaster, although I must admit the financial terms of the merger favor Keppel Corp. Hope Temasek can understand the plight of Sembcorp Marine holders who have already suffered deep enough to come up with better terms to help Sembcorp Marine shareholders. Their anxiety till September for the Rights issue to be over, and then to wait for the results of the merger can be psychological destructive for existing shareholders. Pray for divine intervention to keep your sanity. edsicage      ( Date: 26-Jun-2021 17:26) Posted: Similar clause appear in the rights issue last year. I am not sure but foreign shareholders and foreign funds could be handled differently.
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MANFREDTMK Master	26-Jun-2021 20:37        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on 14 cents now, the ex-right price becomes 10.4 cents, a viscous cycle set in motion. The underwriter may step in anytime to do some price support and may even do a short squeeze, but at what price is a million dollar question MANFREDTMK      ( Date: 26-Jun-2021 20:28) Posted: That's what I read from SGX, it's better you check with your broker as to whether foreign funds can subscribe to the Rights share and update all of us. As far as I know, they can only sell their entitlement during the 2 weeks when the entitlement starts trading, but not subscribe. SGX shows can subscribe only under certain conditions, but never list them. Check with your broker. Silo1234      ( Date: 26-Jun-2021 20:20) Posted: If foreign invesstor cannot subscribe, then they will sell it all, today - Mragin cal
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edwinjup Supreme	26-Jun-2021 20:36        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't think so....keppel mgt say will hold 50% in the new co....don't be surprise ..keppel share holders will get more from this JV.... f16force      ( Date: 26-Jun-2021 20:31) Posted: By paying up to $500 million in cash to KC, it means SM will issue less shares for KC' s  businesses. assuming SM' s share is valued at 12.5 cents, then, SM will issue 4 billion less shares. sutiono      ( Date: 26-Jun-2021 20:10) Posted: Why need to pay kep 500m for the scrap ? This really pissed off the investors
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f16force Senior	26-Jun-2021 20:31        f16force About Contact  Quote this Post!
x 0   x 0  Alert Admin	By paying up to $500 million in cash to KC, it means SM will issue less shares for KC' s  businesses. assuming SM' s share is valued at 12.5 cents, then, SM will issue 4 billion less shares. sutiono      ( Date: 26-Jun-2021 20:10) Posted: Why need to pay kep 500m for the scrap ? This really pissed off the investors
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MANFREDTMK Master	26-Jun-2021 20:28        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's what I read from SGX, it's better you check with your broker as to whether foreign funds can subscribe to the Rights share and update all of us. As far as I know, they can only sell their entitlement during the 2 weeks when the entitlement starts trading, but not subscribe. SGX shows can subscribe only under certain conditions, but never list them. Check with your broker. Silo1234      ( Date: 26-Jun-2021 20:20) Posted: If foreign invesstor cannot subscribe, then they will sell it all, today - Mragin call MANFREDTMK      ( Date: 26-Jun-2021 17:48) Posted: All the while, foreign funds are not allowed to subscribe. It's not unique to this share only. This is why the pricing of the rights price is extremely important. In Sembcorp Marine case, it's extreme, 60% below market price. That's why the share price tumbled, even on good news. As I kept mentioning, all these will be avoided if the Rights issue is 1.5 shares at 16 cents each, for every 2 existing shares you own, then the ex-right price will be 18.28 cents. So the foreign funds need not have to sell below that price. And yet Sembcorp Marine still receive the same $1.5b, without causing so much distress and anxiety to all its loyal shareholders. The unintended consequences have led many to believe that the proposed exercise is a great disaster, although I must admit the financial terms of the merger favor Keppel Corp. Hope Temasek can understand the plight of Sembcorp Marine holders who have already suffered deep enough to come up with better terms to help Sembcorp Marine shareholders. Their anxiety till September for the Rights issue to be over, and then to wait for the results of the merger can be psychological destructive for existing shareholders. Pray for divine intervention to keep your sanity.
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beng1102 Elite	26-Jun-2021 20:25        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually for those who got free shares may have to apply for excess right to round up to nearest 100 in total.  Free shares came with very odd numbers. Silo1234      ( Date: 26-Jun-2021 20:20) Posted: If foreign invesstor cannot subscribe, then they will sell it all, today - Mragin call MANFREDTMK      ( Date: 26-Jun-2021 17:48) Posted: All the while, foreign funds are not allowed to subscribe. It's not unique to this share only. This is why the pricing of the rights price is extremely important. In Sembcorp Marine case, it's extreme, 60% below market price. That's why the share price tumbled, even on good news. As I kept mentioning, all these will be avoided if the Rights issue is 1.5 shares at 16 cents each, for every 2 existing shares you own, then the ex-right price will be 18.28 cents. So the foreign funds need not have to sell below that price. And yet Sembcorp Marine still receive the same $1.5b, without causing so much distress and anxiety to all its loyal shareholders. The unintended consequences have led many to believe that the proposed exercise is a great disaster, although I must admit the financial terms of the merger favor Keppel Corp. Hope Temasek can understand the plight of Sembcorp Marine holders who have already suffered deep enough to come up with better terms to help Sembcorp Marine shareholders. Their anxiety till September for the Rights issue to be over, and then to wait for the results of the merger can be psychological destructive for existing shareholders. Pray for divine intervention to keep your sanity.
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Silo1234 Elite	26-Jun-2021 20:20        Silo1234 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If foreign invesstor cannot subscribe, then they will sell it all, today - Mragin call MANFREDTMK      ( Date: 26-Jun-2021 17:48) Posted: All the while, foreign funds are not allowed to subscribe. It's not unique to this share only. This is why the pricing of the rights price is extremely important. In Sembcorp Marine case, it's extreme, 60% below market price. That's why the share price tumbled, even on good news. As I kept mentioning, all these will be avoided if the Rights issue is 1.5 shares at 16 cents each, for every 2 existing shares you own, then the ex-right price will be 18.28 cents. So the foreign funds need not have to sell below that price. And yet Sembcorp Marine still receive the same $1.5b, without causing so much distress and anxiety to all its loyal shareholders. The unintended consequences have led many to believe that the proposed exercise is a great disaster, although I must admit the financial terms of the merger favor Keppel Corp. Hope Temasek can understand the plight of Sembcorp Marine holders who have already suffered deep enough to come up with better terms to help Sembcorp Marine shareholders. Their anxiety till September for the Rights issue to be over, and then to wait for the results of the merger can be psychological destructive for existing shareholders. Pray for divine intervention to keep your sanity. edsicage      ( Date: 26-Jun-2021 17:26) Posted: Similar clause appear in the rights issue last year. I am not sure but foreign shareholders and foreign funds could be handled differently.
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sutiono Veteran	26-Jun-2021 20:10        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why need to pay kep 500m for the scrap ? This really pissed off the investors
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ahbui8 Master	26-Jun-2021 19:59        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The merge news is a very good news which SM is waiting for. If without the rights issue, SM share will raise at least 10% on Friday instead of dropping till 0.139, so is the big drop on Friday justified? Let BBs judge it in the coming weeks.
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msksmsks Supreme	26-Jun-2021 19:58        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	U nailed it spot on. After this rights exercise, TH cost is extremely low. Literally very very low and could simply privatize it and forego the merger. Then pump in another $1-2 bil as.liquidity to keep SM on gg knowing there wl be more contract announcements and also the amt of $$$ fm the delivery of rigs. Tonychin2426      ( Date: 26-Jun-2021 19:50) Posted: Exactly, the discount is for TH, not for us. The lower the price of the right, the better for TH. Otherwise, they cannot purchase any share from open market easily as majority shareholder. Retailer don't need any right to invest more. It would be more honourable for them to price the right at 16 cents and TH offering to take all excess. The outcome will be very different and the share price will be more stable. Mind them to convince shareholder to subscribed at 20 cents a year ago with so much promises. Thus the real value of SMM cannot change so much over one year. msksmsks      ( Date: 26-Jun-2021 19:33) Posted: I think u misunderstood the way it works. Regardless of 1) 1.5 rights @0.16 OR 2) 3 rights @0.08 The amt of $$ still the same. But damage is minimum if priced @0.16 vs 0.08 Cheers
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Tonychin2426 Member	26-Jun-2021 19:50        Tonychin2426 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly, the discount is for TH, not for us. The lower the price of the right, the better for TH. Otherwise, they cannot purchase any share from open market easily as majority shareholder. Retailer don't need any right to invest more. It would be more honourable for them to price the right at 16 cents and TH offering to take all excess. The outcome will be very different and the share price will be more stable. Mind them to convince shareholder to subscribed at 20 cents a year ago with so much promises. Thus the real value of SMM cannot change so much over one year. msksmsks      ( Date: 26-Jun-2021 19:33) Posted: I think u misunderstood the way it works. Regardless of 1) 1.5 rights @0.16 OR 2) 3 rights @0.08 The amt of $$ still the same. But damage is minimum if priced @0.16 vs 0.08 Cheers naoshingo      ( Date: 26-Jun-2021 19:27) Posted: At 16c..no one will sub. All just sit and wait. 8c is like all the way...Lol.
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naoshingo Elite	26-Jun-2021 19:48        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ah...I see. I guess TH goes with 3 rights is to force ppl to Sub ... especially those SCI sh who got it free. msksmsks      ( Date: 26-Jun-2021 19:33) Posted: I think u misunderstood the way it works. Regardless of 1) 1.5 rights @0.16 OR 2) 3 rights @0.08 The amt of $$ still the same. But damage is minimum if priced @0.16 vs 0.08 Cheers naoshingo      ( Date: 26-Jun-2021 19:27) Posted: At 16c..no one will sub. All just sit and wait. 8c is like all the way...Lol.
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baybefaze Senior	26-Jun-2021 19:47        baybefaze About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the meantime if Sembcorp announces new contracts win is it gonna make a difference to the share price now or ex-R MANFREDTMK      ( Date: 26-Jun-2021 17:05) Posted: Sorry I meant anything more than 3 cents above 8 cents, then it makes sense to apply MANFREDTMK      ( Date: 26-Jun-2021 17:03) Posted: If the market price falls below 10 cents, no point applying. Anything more than 8 cents, I will apply. My view onl
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ahbui8 Master	26-Jun-2021 19:45        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The merge news is a very good news for SM and which SM is waiting for. If without the rights issue news, I believed SM share will raise at least 10%. So Friday drop till 0.139 is justified? Let' s BBs judge it in the coming weeks. To me I' m still confident as Keppel Q& M management is much better than SM, just getting piss off by temasek dirty play out tactics.
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