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better Elite	18-Mar-2022 17:16        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who just makan 50mil at 92./ 9.3?  Is it one of the forumers here??
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PHInsider63 Veteran	18-Mar-2022 16:50        PHInsider63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better is indeed very knowledgeable in this industry. I took a lot of cue from his postings to be Frank. Let s all contribute to this forum. Cheers and have a nice weekend. SteveJobless      ( Date: 18-Mar-2022 16:28) Posted: There will always be people who don' t understand what they are reading. I don' t blame you. PHInsider63      ( Date: 18-Mar-2022 16:14) Posted: 👍
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SteveJobless Member	18-Mar-2022 16:28        SteveJobless About Contact  Quote this Post!
x 0   x 1  Alert Admin	There will always be people who don' t understand what they are reading. I don' t blame you. PHInsider63      ( Date: 18-Mar-2022 16:14) Posted: 👍 better      ( Date: 18-Mar-2022 16:14) Posted: Did I say I have sold my SCM holdings? I am looking forward to round 2: another +10% in 6 months
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MANFREDTMK Master	18-Mar-2022 16:23        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	My view is that a share swap for SM at a valuation of 10 cents is a steal based on current valuation of 12 cents. So another 10% upside to 9.9 cents is undemanding and likely to happen sooner than 6 months. My view only, may be wrong. PHInsider63      ( Date: 18-Mar-2022 16:14) Posted: 👍 better      ( Date: 18-Mar-2022 16:14) Posted: Did I say I have sold my SCM holdings? I am looking forward to round 2: another +10% in 6 months
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SteveJobless Member	18-Mar-2022 16:20        SteveJobless About Contact  Quote this Post!
x 0   x 0  Alert Admin	" You have expressed in plain sight 10% over 6 mths .... I am satisfied liao" literally meant you had sold your shares already. Anyway, congrats you haven' t sold and SM is above 8 cents now  better      ( Date: 18-Mar-2022 16:14) Posted: Did I say I have sold my SCM holdings? I am looking forward to round 2: another +10% in 6 months. SteveJobless      ( Date: 18-Mar-2022 15:54) Posted: Oh, so you are " The Justice For All" who had bought at 9 cents and above, particularly more so for those who had bought from 13 cents above. I thought you bought at 7.8 cents and didn' t think you have already exited at 9 cents based on your interest in this share shown on the numerous postings you are making
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PHInsider63 Veteran	18-Mar-2022 16:14        PHInsider63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	👍 better      ( Date: 18-Mar-2022 16:14) Posted: Did I say I have sold my SCM holdings? I am looking forward to round 2: another +10% in 6 months. SteveJobless      ( Date: 18-Mar-2022 15:54) Posted: Oh, so you are " The Justice For All" who had bought at 9 cents and above, particularly more so for those who had bought from 13 cents above. I thought you bought at 7.8 cents and didn' t think you have already exited at 9 cents based on your interest in this share shown on the numerous postings you are making
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better Elite	18-Mar-2022 16:14        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Did I say I have sold my SCM holdings? I am looking forward to round 2: another +10% in 6 months. SteveJobless      ( Date: 18-Mar-2022 15:54) Posted: Oh, so you are " The Justice For All" who had bought at 9 cents and above, particularly more so for those who had bought from 13 cents above. I thought you bought at 7.8 cents and didn' t think you have already exited at 9 cents based on your interest in this share shown on the numerous postings you are making. better      ( Date: 18-Mar-2022 15:44) Posted: 8 cents to 9 cents over 6 months is good enough for me. 10% over 6 mths...I am satisfied liao 🤠
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MANFREDTMK Master	18-Mar-2022 16:04        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	In reply to SIAS why the Rights price was set at a whopping discount of around 60% to the market price, I remember management mentioned that it is to help shareholders to buy the share cheaper. And since foreign funds that are not registered in Singapore are not allowed to subscribe for the Rights share, the price went into a tailspin. Bro,we know what is happening. Never mind already, I have faith that TH will make good on this, and good Karma will follow. When Karma strikes, how we wish we will never born into this world. Don't worry too much, self-interest dominates. Loyalty and perseverance are virtues. To TH, reputation goes beyond money. We should be safe. Worry no more 🙏 🙏 🙏 better      ( Date: 18-Mar-2022 15:38) Posted: One key reason why the 2nd rights issue happened was because Tenasek gave the go ahead as they stand to benefit from buying up the excess right shares at a deep discount of 8 cents. Sapura Energy which is 10 times worse than Sembmarine financially was still able to hang on over the past year. Sembmarine could have found ways to hang on for a couple more months until they collect the delivery cash. But hey, why not do Temasek a favour. SteveJobless      ( Date: 18-Mar-2022 15:24) Posted: If SM' s management is good, SM won' t be in this sorry state of affairs now. There is no guarantee that the provisions for losses made in the previous years are sufficiently adequate. What if it is not? And even if it covers, it would still not be such a straight forward case of " only cash collection for delivery" , as there are many other business and operating cost factors involved that are still not accounted for.
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SteveJobless Member	18-Mar-2022 15:54        SteveJobless About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh, so you are " The Justice For All" who had bought at 9 cents and above, particularly more so for those who had bought from 13 cents above. I thought you bought at 7.8 cents and didn' t think you have already exited at 9 cents based on your interest in this share shown on the numerous postings you are making. better      ( Date: 18-Mar-2022 15:44) Posted: 8 cents to 9 cents over 6 months is good enough for me. 10% over 6 mths...I am satisfied liao 🤠
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gh3yboy Member	18-Mar-2022 15:47        gh3yboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	so much of guessing and speculating, let' s just wait and see. top 3% superhuman thinks and see things decades ahead.  SteveJobless      ( Date: 18-Mar-2022 15:44) Posted: TH did SM a favour not vice-versa. And SM knows they won' t be able to continue as a going concern much longer. As a sovereign fund, TH needs no favour from SM.  better      ( Date: 18-Mar-2022 15:38) Posted: One key reason why the 2nd rights issue happened was because Tenasek gave the go ahead as they stand to benefit from buying up the excess right shares at a deep discount of 8 cents. Sapura Energy which is 10 times worse than Sembmarine financially was still able to hang on over the past year. Sembmarine could have found ways to hang on for a couple more months until they collect the delivery cash. But hey, why not do Temasek a favour
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SteveJobless Member	18-Mar-2022 15:44        SteveJobless About Contact  Quote this Post!
x 0   x 0  Alert Admin	TH did SM a favour not vice-versa. And SM knows they won' t be able to continue as a going concern much longer. As a sovereign fund, TH needs no favour from SM.  better      ( Date: 18-Mar-2022 15:38) Posted: One key reason why the 2nd rights issue happened was because Tenasek gave the go ahead as they stand to benefit from buying up the excess right shares at a deep discount of 8 cents. Sapura Energy which is 10 times worse than Sembmarine financially was still able to hang on over the past year. Sembmarine could have found ways to hang on for a couple more months until they collect the delivery cash. But hey, why not do Temasek a favour. SteveJobless      ( Date: 18-Mar-2022 15:24) Posted: If SM' s management is good, SM won' t be in this sorry state of affairs now. There is no guarantee that the provisions for losses made in the previous years are sufficiently adequate. What if it is not? And even if it covers, it would still not be such a straight forward case of " only cash collection for delivery" , as there are many other business and operating cost factors involved that are still not accounted for.
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better Elite	18-Mar-2022 15:44        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	8 cents to 9 cents over 6 months is good enough for me. 10% over 6 mths...I am satisfied liao 🤠
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better Elite	18-Mar-2022 15:38        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	One key reason why the 2nd rights issue happened was because Tenasek gave the go ahead as they stand to benefit from buying up the excess right shares at a deep discount of 8 cents. Sapura Energy which is 10 times worse than Sembmarine financially was still able to hang on over the past year. Sembmarine could have found ways to hang on for a couple more months until they collect the delivery cash. But hey, why not do Temasek a favour. SteveJobless      ( Date: 18-Mar-2022 15:24) Posted: If SM' s management is good, SM won' t be in this sorry state of affairs now. There is no guarantee that the provisions for losses made in the previous years are sufficiently adequate. What if it is not? And even if it covers, it would still not be such a straight forward case of " only cash collection for delivery" , as there are many other business and operating cost factors involved that are still not accounted for.      better      ( Date: 18-Mar-2022 11:34) Posted: You are right about the delay, which the losses had been accounted for in FY 2020 and 2021 results Now is only cash collection for delivery
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SteveJobless Member	18-Mar-2022 15:24        SteveJobless About Contact  Quote this Post!
x 0   x 0  Alert Admin	If SM' s management is good, SM won' t be in this sorry state of affairs now. There is no guarantee that the provisions for losses made in the previous years are sufficiently adequate. What if it is not? And even if it covers, it would still not be such a straight forward case of " only cash collection for delivery" , as there are many other business and operating cost factors involved that are still not accounted for.      better      ( Date: 18-Mar-2022 11:34) Posted: You are right about the delay, which the losses had been accounted for in FY 2020 and 2021 results Now is only cash collection for delivery. SteveJobless      ( Date: 18-Mar-2022 11:28) Posted: If it is $40mil a piece, the losses will be compounded further, notwithstading the 2 years delay in delivery.
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Chagataii Veteran	18-Mar-2022 14:34        Chagataii About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kep Corp will not Chiong if No Merge. SM will not be 9c if no merge. Order book will be 7-8 billion after merge. Break even for SM is 2.3-3 billion order book. If can win 2 billion contracts this year order book close to 10 billion. Can last 3 years profit by then either privatise or surely above 9c
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ahbui8 Master	18-Mar-2022 14:29        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If no merge, SM price will dive till confirm major contracts win, reason very simple, SM has very lousy CEO and the order book is really very miserable.  MANFREDTMK      ( Date: 18-Mar-2022 13:55) Posted: SM can do better without KOM. It's just a classic case of a pot calling the kettle black. Both are losing money so far. And Keppel can't wait to dispose KOM. SM is more well capitalized than KOM, not to mention the latter huge impending lawsuit. Marrying with KOM is not marrying Rich, rather with someone who pretend to be very rich. Other than the benefits of cost synergy and a bigger outfit, there's nothing really exciting. And more importantly, if the terms of exchange is unfavorable, it's better not to merge. No reason for the price to fall below 8, considering the improving fundamentals. It didn't happen when times are so bad in August, so why should it happen now ahbui8      ( Date: 18-Mar-2022 12:57) Posted: Just wait for the merge announcement. I strongly believe the outcome of merge is either a very good merge or a unsuccessful merge. Therefore once announced, SM will either fly high or dive below 8cts. High risk high gain 😂
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MANFREDTMK Master	18-Mar-2022 13:55        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	SM can do better without KOM. It's just a classic case of a pot calling the kettle black. Both are losing money so far. And Keppel can't wait to dispose KOM. SM is more well capitalized than KOM, not to mention the latter huge impending lawsuit. Marrying with KOM is not marrying Rich, rather with someone who pretend to be very rich. Other than the benefits of cost synergy and a bigger outfit, there's nothing really exciting. And more importantly, if the terms of exchange is unfavorable, it's better not to merge. No reason for the price to fall below 8, considering the improving fundamentals. It didn't happen when times are so bad in August, so why should it happen now ahbui8      ( Date: 18-Mar-2022 12:57) Posted: Just wait for the merge announcement. I strongly believe the outcome of merge is either a very good merge or a unsuccessful merge. Therefore once announced, SM will either fly high or dive below 8cts. High risk high gain 😂
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MANFREDTMK Master	18-Mar-2022 13:32        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	The verdict is out for Round 1 from 8 cents to 9 cents. From here on, it's anybody's guess. Let's wait for the verdict. At this point, no one can tell who is right or wrong yet.
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Chagataii Veteran	18-Mar-2022 13:00        Chagataii About Contact  Quote this Post!
x 0   x 0  Alert Admin	If no merge Kep Corp vision 2030 will become vision 3020
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ahbui8 Master	18-Mar-2022 12:57        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just wait for the merge announcement. I strongly believe the outcome of merge is either a very good merge or a unsuccessful merge. Therefore once announced, SM will either fly high or dive below 8cts. High risk high gain 😂
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