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SembCorp Marine- The new Frontier.
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beng1102
Elite |
26-Jun-2021 11:45
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If market is always right then there won' t be any Warren Buffett.  All of us have been brain washed to believe market is always right and believe in market efficiency hypothesis.  I recent read a book from investment expert,  it simply said that  market efficiency hypothesis is not true and Warrent Buffett does  not follow  market efficiency hypothesis. 
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naoshingo
Elite |
26-Jun-2021 11:42
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Good pointer. This round is milder than the previous. Also this round is different, light is at the end of the tunnel. While MM2 rights issue is 1:1...
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vicloo
Supreme |
26-Jun-2021 11:39
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Cpf investment always stay inside cpf... but direct way to withdraw is to increase mortgage payment and so cash to housing is less 😊
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idwish
Senior |
26-Jun-2021 11:34
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So I am putting about $12K cash in to my CPF? This doesnt make sense
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moneyspinner
Veteran |
26-Jun-2021 11:30
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Whatever David Kuo said really doesn' t matter.   The MARKET IS ALWAYS RIGHT!
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Abe2021
Veteran |
26-Jun-2021 11:27
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http://Sembcorp Marine and Keppel Corp Explore a Potential Combination: Here' s What You Should Know https://thesmartinvestor.com.sg/sembcorp-marine-and-keppel-corp-explore-a-potential-combination-a-merger-and-a-rights-issue/ Agree. This time round is different from before. I too will subscribe ... 1 SMM share for 1.5 SMM rights @ 8c It is much milder than before  1 SMM for 5 SMM rights @ 20c Many weak hands have sold their shares yesterday. 
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moneyspinner
Veteran |
26-Jun-2021 11:25
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Somehow sometime going forward SCM will have to do a share consolidation as there are just too many shares issued. Once this happens SCM holders will face another substantial haircut. It just not worthwhile to be vested in SCM for now until things gets more visible. | ||||
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MANFREDTMK
Master |
26-Jun-2021 11:23
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Yes, Abe you are correct that the merger is fantastic. But what is terribly wrong is the mispricing of the exercise price of the rights share at 8 cents. As foreign funds are not allowed to subscribe for the Rights share, all of them came out in doves to sell down to 13.9 cents. That's because if they don't sell now, when the share go ex-right, the price will be 12.7 cents based on the market share price of 20 cents before the announcement. Now at 13.9 cents, the ex-right price is even lower at 10.36 cents. Given that foreign funds cannot subscribe to the Rights share, that explains why they have no choice, but to dumped the share at exorbitant LOSSES. SO IT'S A BIG MISTAKE OF THE INVESTMENT BANK THAT PRICE the exercise price at 8 cents. They could have price it as follows: 1.5 rights share at 16 cents per share for every 2 existing shares that you owned. That will still provide Sembcorp Marine with the same amount of money, but WILL NOT FORCE THE FUNDS TO SELL, including those who have no money to subscribe. More importantly, the price need not fall below 16 cents, which triggers Margin Calls by all broking house to top up cash for the margin shortfall or face Force-Sell. This explains why prices have to PLUNGE despite a GOOD EVENT. Mispricing is the root cause. Very pathetic and sad for the many who lost BIG TIME | ||||
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talonn
Member |
26-Jun-2021 11:14
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Is the bloodbath over? Or is it just starting? :( | ||||
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moneyspinner
Veteran |
26-Jun-2021 11:12
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Advice is better cut if you can. You can come back o fight another day i.e. if you still have the bullets. Don' t compare yourself with TH who has very deep pockets or expect TH to take care of your interests. They have their KPI to take care of. Someone, at the end of the day, has to take the loss. Don' t let that be you!
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josemmm123
Master |
26-Jun-2021 11:07
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Last year got ppl say the same thing as you. They say after demerger from SCI, SMM with the > $1B war chest from the rights issue last year is the start of a new chapter. Now the question is DO YOU TRUST THE CURRENT MANAGEMENT TO TURN AROUND SEMB MARINE? What makes u so sure they can do that when they are given so many years and they can' t even " stabilise" semb marine?  
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Tonychin2426
Member |
26-Jun-2021 11:05
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No.. permanently all in cpf
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Abe2021
Veteran |
26-Jun-2021 11:00
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Just going thru all the comments, M& A is the way to go.  This is just my thought, they want to help all, but impossible to do all 3 at the same time. First free up SCI, next KC and last but not least SMM. Now with a large base for SMM, the right exercise is not as heavy a burden as the one before. It is reasonable 1 SMM share for 1.5 SMM rights @ 8cts. David Kuo said " the money is going to put into good use and not something frivolous" - fully subscribed After this merger, SMM is enlarged and having strong liquidities. Handful of good comments were drowned by the naysayers. I was also trying to see thru the dust in the air. Yesterday SMM is the hottest stock ever, those who sell may do themselves a disservice. imho Almost a billion shares transacted value $146,417,720 - tremendously huge amount Understand quite a no of funds has poured in yesterday.  Oh yes, not forgetting after the demerger, the price of SMM did go above the rights price of 20cts. This is the start of a new chapter for SMM 🥸
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idwish
Senior |
26-Jun-2021 10:59
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Thank you. So when I sell my eventually 300K SM, part of the money will go to CPF and part will be in cash?
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newbie19
Supreme |
26-Jun-2021 10:55
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For Me i will definitely subscribe the 300K @0.08 rights issues. Who agrees with me... Go and watch the interview by David Kuo from smart investors then you know more insights of SMM... You decide...... | ||||
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Tonychin2426
Member |
26-Jun-2021 10:46
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They will allow your to top up in cash through your cpfis bank and the money will be refunded to cpf OA in future when you sell.
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idwish
Senior |
26-Jun-2021 10:42
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If I have 200K SM using CPF, can I use cash to subscribe the rights as I have used up the limit? If so, how will the share between allocated between CPF account and cash account? Thanks | ||||
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Checkerman
Master |
26-Jun-2021 10:41
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The management are good in this soft skill and motivation talk . Last time also send colourful and inspirational prospectus
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sutiono
Veteran |
26-Jun-2021 10:40
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The coming 1.5B is not enough for sure , need another Right issue one year later .
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Checkerman
Master |
26-Jun-2021 10:37
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Better get out on Monday . Outlook is not bright according to some market analyst . You never know will there be a 3rd right issue again in 2022 if the economy turn gloomy
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