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Grubber Elite	10-Jun-2020 13:45        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	good luck, i am enjoying my ride at UG
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K.I.S.S Member	10-Jun-2020 13:45        K.I.S.S About Contact  Quote this Post!
x 0   x 0  Alert Admin	if they have to fall into insolvency, global investors will start to have no confidence in Singapore in many aspects? and Temasek being temasek, i believe they wont " bail" for no reason too?
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arctician1982 Senior	10-Jun-2020 13:37        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	of course mate, by privatising Temasek has to take on all the debts and also pay a premium 20-30% to last traded price, thats around $1+ but it wont rescue every single shareholder, you still have to realize your losses if you bought at $2..i think alot ppl shouting for privatization at premium but this only benefit those who bought below $1. If no rights and reject privatization, only route is insolvency because no way to pay the debts As a SMM shareholders must think rationally which option help u to minimize the losses or exit with profit. Since i have 2 lots at $3, i rather they do rights so my average cost can become 60c, then with keppel consolidation i may be able to breakeven.  if i vote no because of the massive dilution, how can i ever recover my 2 lots@$3?  1c2e3s      ( Date: 10-Jun-2020 13:26) Posted: can you elaborate? if i bought at $2, temasek can privatise at $1? arctician1982      ( Date: 10-Jun-2020 12:59) Posted: precisely if you vote no, the only other option is for temasek to privatize at 20-30% premimum around $1, so between a rights issue vs privatization, SMM shareholders have to assess which one give them the best chance of exiting with least losse
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1c2e3s Veteran	10-Jun-2020 13:26        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	can you elaborate? if i bought at $2, temasek can privatise at $1? arctician1982      ( Date: 10-Jun-2020 12:59) Posted: precisely if you vote no, the only other option is for temasek to privatize at 20-30% premimum around $1, so between a rights issue vs privatization, SMM shareholders have to assess which one give them the best chance of exiting with least losses alfredx      ( Date: 10-Jun-2020 12:52) Posted: If still no project or contract plus nobody want to repair ship plus suddenly oil price deep red sea again will they become penny after right? Then TMH can become white Knight again using just 500mil or more to eat up whole SMM assets..
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Grubber Elite	10-Jun-2020 13:23        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	those dun sell, broker will anyhow sell one
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zillion Master	10-Jun-2020 13:19        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	The specuation and rumours of Temasek' s intention of privatising SMM was on the table for most of us to have a stake of SMM. Unfortunately covid19 has made Temasek sees many of its groups all wanting to be rescued. Already our reserves are being used to tie us over. Certainly if Temasek/gic stretch their hands out again for more $$$, likely our President and the Council of President Advisors will reject them. Hence this is the best way out for SCI/SMM. alfredx      ( Date: 10-Jun-2020 13:12) Posted: I cut lose and move on without intend going to subscribe the right I got a a very bad feeling after the right they still need to find money again if there no business.. Then how? Become penny and sell assets until TMH come in become white Knight eat them up.. Justice888      ( Date: 10-Jun-2020 13:06) Posted: Previously smm do run up. Bec there is always rumour or hype that Temasek will privatised smm. After this exercise I think we shld give up hope . And he write so Long . Saying smm can survive with $1 billion cash . Err he forgot about the money they borrow which need to repay ? Faint
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Grubber Elite	10-Jun-2020 13:17        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	so fast down, just check broker foresell still havnt activated
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1c2e3s Veteran	10-Jun-2020 13:17        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	fred, maybe he not wrong. let see alfredx      ( Date: 10-Jun-2020 12:47) Posted: Good luck to u and all the best for your money.. I might be wrong but u being too optimum over this right issue problem.. It has been 3 years or more this counter have suffer.. U sound like predict next year SMM will make a come back.. Power of u better      ( Date: 10-Jun-2020 12:40) Posted: I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks. There are selling pressure coming from likely  fund managers/ institutions who want to sell. There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now  to vote against the rights issue, which is what I will be doing as well. First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question. Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape. Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal. So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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Elf2000 Elite	10-Jun-2020 13:16        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not worth taking the risks to buy and hold and give free tickets to SCI.
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arctician1982 Senior	10-Jun-2020 13:16        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	must remember customers will never appoint a vendor in risk of insolvency, if SMM cannnot clean up their balance sheet very hard to win contracts, iimaigne halfway insolvent what happen to the rigs built halfway, or maybe need do RFP all over again.  weekaykee      ( Date: 10-Jun-2020 13:04) Posted: His $2 target for SCM is based on HOPE. But then never say never. Some dreams do come true. Some major rig builders may suddenly give $10b of contracts to SCM. Justice888      ( Date: 10-Jun-2020 12:54) Posted: As of 31 Dec . Smm got $389 million cash in bank. They have 1.42 billion int bearing loan due in 1 year and 1.47 billion loan due after 1 year . And 1.5 billion due to Sembcorp. Total is about $4.5 billion. Any how they can find the money to pay off the loan ? I think no bank will be willing to lend the co . As of Dec 2019. Oil price not yet crash the loss is $88 million. Your $2 is based on
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Grubber Elite	10-Jun-2020 13:15        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	from chart lok like testing 53 soonm
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Elf2000 Elite	10-Jun-2020 13:14        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have the same feel as you😎 alfredx      ( Date: 10-Jun-2020 13:12) Posted: I cut lose and move on without intend going to subscribe the right I got a a very bad feeling after the right they still need to find money again if there no business.. Then how? Become penny and sell assets until TMH come in become white Knight eat them up.. Justice888      ( Date: 10-Jun-2020 13:06) Posted: Previously smm do run up. Bec there is always rumour or hype that Temasek will privatised smm. After this exercise I think we shld give up hope . And he write so Long . Saying smm can survive with $1 billion cash . Err he forgot about the money they borrow which need to repay ? Faint
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zillion Master	10-Jun-2020 13:13        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great. weekaykee      ( Date: 10-Jun-2020 12:49) Posted: Better off to reserve that buying until ex-rights. And actually the big catalyst for a major price increase in SMM' s price will come wtihin months after it goes ex-right when Temasek starts the process of merging it with KOM.  As an SCI shareholder i am looking forward to buy more SMM after ex-rights, over and above the free ones I will be getting, zillion      ( Date: 10-Jun-2020 12:21) Posted: SCI no need to use any cash for the rights issue and with the new shares SCI will give FREE to its shareholders. Of course it is in the best interest that SMM shares must go up as SCI shareholders can cash out higher after the whole exercise. Win-SCI, lose-SMM.
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alfredx Senior	10-Jun-2020 13:12        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	I cut lose and move on without intend going to subscribe the right I got a a very bad feeling after the right they still need to find money again if there no business.. Then how? Become penny and sell assets until TMH come in become white Knight eat them up.. Justice888      ( Date: 10-Jun-2020 13:06) Posted: Previously smm do run up. Bec there is always rumour or hype that Temasek will privatised smm. After this exercise I think we shld give up hope . And he write so Long . Saying smm can survive with $1 billion cash . Err he forgot about the money they borrow which need to repay ? Faint weekaykee      ( Date: 10-Jun-2020 13:04) Posted: His $2 target for SCM is based on HOPE. But then never say never. Some dreams do come true. Some major rig builders may suddenly give $10b of contracts to SCM
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zillion Master	10-Jun-2020 13:11        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good idea. Covid19 is here to stay so medical and pharmaceuticals counters will have rotational play. Which ones? Grubber      ( Date: 10-Jun-2020 12:53) Posted: last warning, dump this and play medical counter, let watch
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Grubber Elite	10-Jun-2020 13:10        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	UGLY
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zillion Master	10-Jun-2020 13:06        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good point. But it is kicking the can down the road. Huge dilution. singsong      ( Date: 10-Jun-2020 12:48) Posted: Yes good for SMM as otherwise SMM has to pay cash for the monies it owes to SCI . SMM gets away with issuing their own paper instead of hard cash
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Grubber Elite	10-Jun-2020 13:06        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	2.4 gone soon
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Justice888 Supreme	10-Jun-2020 13:06        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Previously smm do run up. Bec there is always rumour or hype that Temasek will privatised smm. After this exercise I think we shld give up hope . And he write so Long . Saying smm can survive with $1 billion cash . Err he forgot about the money they borrow which need to repay ? Faint weekaykee      ( Date: 10-Jun-2020 13:04) Posted: His $2 target for SCM is based on HOPE. But then never say never. Some dreams do come true. Some major rig builders may suddenly give $10b of contracts to SCM. Justice888      ( Date: 10-Jun-2020 12:54) Posted: As of 31 Dec . Smm got $389 million cash in bank. They have 1.42 billion int bearing loan due in 1 year and 1.47 billion loan due after 1 year . And 1.5 billion due to Sembcorp. Total is about $4.5 billion. Any how they can find the money to pay off the loan ? I think no bank will be willing to lend the co . As of Dec 2019. Oil price not yet crash the loss is $88 million. Your $2 is based on
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Grubber Elite	10-Jun-2020 13:05        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	bb merciless
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