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SembCorp Marine- The new Frontier. Post Reply Rate topic
msksmsks Supreme	26-Jun-2021 19:37        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even u subscribe, yr average cost may not be 0.124 becz TERP is based on last closing @ 0.191 before halted If yr purchase price is abv 0.191 then yr avg cost is higher than 0.124. But yr original cost is below 0.191, then TERP for u wl be lower than 0.124 Hope it clarifies Cheers naoshingo      ( Date: 26-Jun-2021 19:30) Posted: I'll sub..even if to sell my StibkTel.. msksmsks      ( Date: 26-Jun-2021 19:25) Posted: To exercise yr rights is to average down yr cost so hopefully after XR, the price of SM is abv 0.124 . If u don't exercise yr rights, u wl stuck at yr original purchase price. However, u can abandon yr rights by selling away yr entitlement when the rights is listed for trading. But it wl likely be ard 0.01-0.02.(depending on SM mother share ) ..this is the only consolation u had by not doing anything nor subscribing yr rights Cheers
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msksmsks Supreme	26-Jun-2021 19:33        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.. WAHuat      ( Date: 26-Jun-2021 19:26) Posted: Share price will not drop so fierc
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naoshingo Elite	26-Jun-2021 19:30        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'll sub..even if to sell my StibkTel.. msksmsks      ( Date: 26-Jun-2021 19:25) Posted: To exercise yr rights is to average down yr cost so hopefully after XR, the price of SM is abv 0.124 . If u don't exercise yr rights, u wl stuck at yr original purchase price. However, u can abandon yr rights by selling away yr entitlement when the rights is listed for trading. But it wl likely be ard 0.01-0.02.(depending on SM mother share ) ..this is the only consolation u had by not doing anything nor subscribing yr rights Cheers naoshingo      ( Date: 26-Jun-2021 19:15) Posted: That's quite a lot of money to folk out even at 8c. If 16c, Wah...where to find money..
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naoshingo Elite	26-Jun-2021 19:27        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	At 16c..no one will sub. All just sit and wait. 8c is like all the way...Lol.. WAHuat      ( Date: 26-Jun-2021 19:26) Posted: Share price will not drop so fierce WAHuat      ( Date: 26-Jun-2021 19:24) Posted: Same amount only different method of calculatio
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WAHuat Member	26-Jun-2021 19:26        WAHuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share price will not drop so fierce WAHuat      ( Date: 26-Jun-2021 19:24) Posted: Same amount only different method of calculation naoshingo      ( Date: 26-Jun-2021 19:15) Posted: That's quite a lot of money to folk out even at 8c. If 16c, Wah...where to find money..
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msksmsks Supreme	26-Jun-2021 19:25        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	To exercise yr rights is to average down yr cost so hopefully after XR, the price of SM is abv 0.124 . If u don't exercise yr rights, u wl stuck at yr original purchase price. However, u can abandon yr rights by selling away yr entitlement when the rights is listed for trading. But it wl likely be ard 0.01-0.02.(depending on SM mother share ) ..this is the only consolation u had by not doing anything nor subscribing yr rights Cheers naoshingo      ( Date: 26-Jun-2021 19:15) Posted: That's quite a lot of money to folk out even at 8c. If 16c, Wah...where to find money... msksmsks      ( Date: 26-Jun-2021 19:14) Posted: Bro U can subscribe 150k rights (100000*3/2)@0.08
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naoshingo Elite	26-Jun-2021 19:24        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think again..if TH really want to be a CB....they can announce without the merger MOU... In some sense ..they still have a heart 😷 msksmsks      ( Date: 26-Jun-2021 19:17) Posted: Tks for the kind words, appreciate But TH not charitable organization.... .. The pain of SM shareholders is excruciating. I also hope there's a silver lining at end of tunnel Cheers MANFREDTMK      ( Date: 26-Jun-2021 19:14) Posted: Take it easy bro, pray for divine intervention... that TH will step in to help the hopeless. The pain and agony that Sembcorp Marine shareholders have gone through over the last few years cannot be explained in words. The industry has turned around, there is still light at the end of the tunnel, brightest at the darkest moment. Have faith.
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WAHuat Member	26-Jun-2021 19:24        WAHuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Same amount only different method of calculation naoshingo      ( Date: 26-Jun-2021 19:15) Posted: That's quite a lot of money to folk out even at 8c. If 16c, Wah...where to find money... msksmsks      ( Date: 26-Jun-2021 19:14) Posted: Bro U can subscribe 150k rights (100000*3/2)@0.08
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msksmsks Supreme	26-Jun-2021 19:17        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tks for the kind words, appreciate But TH not charitable organization.... .. The pain of SM shareholders is excruciating. I also hope there's a silver lining at end of tunnel Cheers MANFREDTMK      ( Date: 26-Jun-2021 19:14) Posted: Take it easy bro, pray for divine intervention... that TH will step in to help the hopeless. The pain and agony that Sembcorp Marine shareholders have gone through over the last few years cannot be explained in words. The industry has turned around, there is still light at the end of the tunnel, brightest at the darkest moment. Have faith. msksmsks      ( Date: 26-Jun-2021 18:58) Posted: Precisely..... damage could be avoided if priced at 1.5 rights for every 2 share @0.16 The same amt of fund can be raised and not much downside least mentioned flooded with so much shares and subject to consolidation in future. Ultimate winner only goes to TH and in fact, I believe some insiders already knew abt the deal and quickly sell out couple days bk before the plunge . Now not only we face anxiety but also uncertainty gg fwd with the merger discussion gg on till anything being finalized ard year end as indicated by CEO of keppel. Honestly, my faith (not completely lost) had been shattered with this pathetic outcome. Nevertheless, I still believe O&M sector is recovering thus ride out the volatility Cheers
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naoshingo Elite	26-Jun-2021 19:15        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's quite a lot of money to folk out even at 8c. If 16c, Wah...where to find money... msksmsks      ( Date: 26-Jun-2021 19:14) Posted: Bro U can subscribe 150k rights (100000*3/2)@0.08 naoshingo      ( Date: 26-Jun-2021 19:08) Posted: So if I own 100k shares, I can sub 50k shares? Correct?
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bh3388 Member	26-Jun-2021 19:14        bh3388 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read somewhere, only bonus in my view is got 1.5B after rights .. lifeline.. ya...many being trapped per se
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msksmsks Supreme	26-Jun-2021 19:14        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro U can subscribe 150k rights (100000*3/2)@0.08 naoshingo      ( Date: 26-Jun-2021 19:08) Posted: So if I own 100k shares, I can sub 50k shares? Correct?
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MANFREDTMK Master	26-Jun-2021 19:14        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Take it easy bro, pray for divine intervention... that TH will step in to help the hopeless. The pain and agony that Sembcorp Marine shareholders have gone through over the last few years cannot be explained in words. The industry has turned around, there is still light at the end of the tunnel, brightest at the darkest moment. Have faith. msksmsks      ( Date: 26-Jun-2021 18:58) Posted: Precisely..... damage could be avoided if priced at 1.5 rights for every 2 share @0.16 The same amt of fund can be raised and not much downside least mentioned flooded with so much shares and subject to consolidation in future. Ultimate winner only goes to TH and in fact, I believe some insiders already knew abt the deal and quickly sell out couple days bk before the plunge . Now not only we face anxiety but also uncertainty gg fwd with the merger discussion gg on till anything being finalized ard year end as indicated by CEO of keppel. Honestly, my faith (not completely lost) had been shattered with this pathetic outcome. Nevertheless, I still believe O&M sector is recovering thus ride out the volatility Cheers 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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rookie$$ Member	26-Jun-2021 19:09        rookie$$ About Contact  Quote this Post!
x 0   x 0  Alert Admin	Class action? XD simple majority to pass... 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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naoshingo Elite	26-Jun-2021 19:08        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	So if I own 100k shares, I can sub 50k shares? Correct?
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msksmsks Supreme	26-Jun-2021 18:58        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Precisely..... damage could be avoided if priced at 1.5 rights for every 2 share @0.16 The same amt of fund can be raised and not much downside least mentioned flooded with so much shares and subject to consolidation in future. Ultimate winner only goes to TH and in fact, I believe some insiders already knew abt the deal and quickly sell out couple days bk before the plunge . Now not only we face anxiety but also uncertainty gg fwd with the merger discussion gg on till anything being finalized ard year end as indicated by CEO of keppel. Honestly, my faith (not completely lost) had been shattered with this pathetic outcome. Nevertheless, I still believe O&M sector is recovering thus ride out the volatility Cheers 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 18:52        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, the shareholders adopt the dominant strategy which is supposed to give them the highest payout, but ended up getting the greatest pain instead. No worries, at the darkest moment, the light at the end of the tunnel is brightest. Let's Dream On and On. Tonychin2426      ( Date: 26-Jun-2021 18:20) Posted: TH has turn this restructuring into a game theory of Prisoner's dilemma that they are the only one winner who will take all.
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Tonychin2426 Member	26-Jun-2021 18:20        Tonychin2426 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TH has turn this restructuring into a game theory of Prisoner's dilemma that they are the only one winner who will take all.
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MANFREDTMK Master	26-Jun-2021 17:57        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	The restructuring is a must and beneficial, but the mathematics is deeply flawed.
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MANFREDTMK Master	26-Jun-2021 17:48        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	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. MANFREDTMK      ( Date: 26-Jun-2021 15:21) Posted: Proposed renounceable underwritten rights issue to raise gross proceeds of approximately S$1.5 billion The rights shares will not be offered to foreign shareholders, subject to certain limited exceptions and/or unless otherwise reasonably determined by the directors that the rights shares may be offered based on applicable securities legislation. Hi Abe, I hope I am wrong.
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