| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembCorp Marine- The new Frontier.
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teeth53
Supreme |
25-Jun-2021 17:42
Yells: "don't learn through life, learn to grow with life " |
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Then How to clear their own debt leh?.
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TraderBen
Supreme |
25-Jun-2021 17:41
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But by taking the loss of 17K plus need to fork out another 24k for the rights. U r already paying 41k more. So either way makes no sense unless scm recover to 20cents
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Jackwoo
Veteran |
25-Jun-2021 17:40
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Eventually, you still have to pay cash $24,000 to the company.  It means you pump in more money to the company.  The shares are much diluted by the rights issue.  Later, they will definitely do a share consolidation because the floating quantity is too hugh billion and billion of shares.  Then your $24,000 will be a donation to the company.
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teeth53
Supreme |
25-Jun-2021 17:38
Yells: "don't learn through life, learn to grow with life " |
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WELL. Learn to write off lohh n leave it in cold storage. After long time pain won' t go away. Less painful. Learn to move stand up again after a big big fall. BIG Money $ Lousy, can slowly earn back small money..
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ahhuat08
Elite |
25-Jun-2021 17:36
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thats on the assumption if scm' s prices will not tank further after rights given their credibitly, of the lack thereof, i m not sanguine at all.
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ahhuat08
Elite |
25-Jun-2021 17:34
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hahaha, no offence to the longists, in fact i empathise with suffereings of scm shareholders as i was victimised by midas, noble and ezion, actually scm compared with the above, stil not so bad la, but i know sure very sim tia.
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newbie19
Supreme |
25-Jun-2021 17:33
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You see, if you do the math calculations... Holding 500K shares (bought 0.198 cts) Sold 300K @ 0.14 cts (Lost $17K+) Still holding 200K @ 0.198 cts will buy 300K of rights issues @ 0.08 cts And so eventually i still holding 500K shares avg  @ 0.139 cts. quite alot of price difference.... I may be wrong..........
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Jackwoo
Veteran |
25-Jun-2021 17:32
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Can only advise you if I know the quantity  
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TA_Expert
Supreme |
25-Jun-2021 17:31
Yells: "The World has changed" |
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His average price is only 0.149, that is dirt cheap compared to many others. Just imagine those who bought at $3 or $4. At this level, there is no necessity to sell at all because the risk-reward ratio is super high.
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teeth53
Supreme |
25-Jun-2021 17:31
Yells: "don't learn through life, learn to grow with life " |
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BEST not to bet on such stock, with Termasick name....SICK Counter need another S$1.5 bil.![]()
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Starship
Supreme |
25-Jun-2021 17:30
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![]()
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teeth53
Supreme |
25-Jun-2021 17:28
Yells: "don't learn through life, learn to grow with life " |
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Many players who getting or got struck have a stubborn natural, including me. Shares got stuck too. B' cos of greed, then when shares price goes up, held on abit longer, abit more greedy. Reach TP point (Sell). If lost, can cut n when to cut lost or else, can affors to lose, be prepare to be stuck for many years.
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TA_Expert
Supreme |
25-Jun-2021 17:27
Yells: "The World has changed" |
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Yes, many people do not know that there are many existing long term inestors of SMM who bought at high prices in the past decades. Only those who bought the shares after the collapse due to the SCI' s event, then their pain will be much lesser.
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ahhuat08
Elite |
25-Jun-2021 17:27
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after the egm in aug, the rights will take place in 3rd qtr of this year, according to the announcement last evening.
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pkli899
Supreme |
25-Jun-2021 17:26
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Sometime Aug EGM. Thereafter lor.
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ahhuat08
Elite |
25-Jun-2021 17:25
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bro take care and best of luck, to publicly announce incur losses in an open forum is quite admirable.  
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pkli899
Supreme |
25-Jun-2021 17:24
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Aiyo, u also half give up liao.
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TA_Expert
Supreme |
25-Jun-2021 17:24
Yells: "The World has changed" |
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Good if you still have faith in SMM after the merger. Hyfux did not collapse overnight. It was a slow death, day by day but many retails were unaware becuase they failed to see the signals or have insider info.
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Valueinv
Member |
25-Jun-2021 17:24
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Thanks ah huat!
When do we have to decide whether to subscribe to the rights?
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Jackwoo
Veteran |
25-Jun-2021 17:23
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OMG. I always use Noble as a classic case and learnt from it. It always give you hope after so much right issue.  But in the end, it suck all your money dried and the company disappeared from the air.  
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