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SembCorp Marine- The new Frontier. Post Reply Rate topic
weishent Elite	28-Jan-2021 22:13        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil up green. Dow green. Tomorrow green SCM
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better Elite	28-Jan-2021 21:58        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Further, the days of jack up rigs and general spec semi-submersible rigs are long over.  These are meant for shallow waters and considered pretty low tech nowsday. Low tech means low or no profit. This biz category  will be or have already been dominated by the Chinese yards. To make money, SMM need to focus on being a solution provider (not just manufacturer) for deeper, colder, harsher water. Complex and high tech offshore structure. Complex and high tech means more profit. So, both SMM and Keppel interpreted the competitive environment quite accurately.
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better Elite	28-Jan-2021 21:48        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembmarine mission statement: The world is changing. It is more competitive, more demanding and more challenging. Staying ahead requires constant innovation and deeper collaboration. Sembcorp Marine continuously evolves to keep one step ahead as an integrated brand. Harnessing our global facilities and diverse capabilities is key to keeping us focused to lead the way. New Keppel O& M interim mission statement: Progressively transit to a developer and integrator role, focusing on design, engineering and procurement. With fabrication work subcontracted to its eco-system of contractors, including other yards. The 2 statements basically state that they want to be the middlemen or the main contractor. As mentioned previously, upstream middlemen like malaysia Yinson, TechnipTMC, Subsea 7 etc have done well over the last couple with years with their asset lite and project management model. So SMM and Keppel O& M wanted to be more like them. For example TechnipTMC outsource the manufacturing of the Energean FPSO to SMM who in turn subcontract the construction of the hull to Cosco heavy and just focus on the topside and integration. Yinson, the malaysia energy darling (middlemen) contracted the China yard to make the hull of Anna Nery FPSO and Dyna mac and Keppel to fabricate and integrate the topside. So TechnipTMC is on top of SMM and Yinson is on top of Keppel O& M.  So SMM and Keppel is saying they are sick and tired to be at the bottom of the food chain. They wanted to move up. That will involve getting the jobs directly from the energy majors.
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bystander1965 Supreme	28-Jan-2021 21:45        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	The only logical explanation why they are going through all the trouble is to make the cleaned up Keppel O& M easier to value and sell. This I completely agree. They are obviously looking at divesting or to put it nicely " unlock shareholders' values" . Whether it is TH or SMM or whoever, this makes it clean. I also think eventually SMM and KOM will likely merge. It' s just that it is going to take a long while. I would rather see SMM win projects and go on its recovery then to speculate for this to happen. I still don' t think SMM has the ability to absorb KOM or the other way (unlikely though) at this point.   better      ( Date: 28-Jan-2021 21:10) Posted: Actually, the writing is quite clearly on the wall that Keppel corp is very keen to pursue the inorganic path a.k.a. selling part or whole of Keppel O& M to Temasek. Think about it, why would KC take the trouble to break up Keppel O& M into 3 parts if they are not keen on selling it soon. It is like pulling down your pant to fart. They can just announce they are exiting the rig biz without going through the trouble. And naturally, the stranded rigs/ assets would be off its book in a couple of years time at a loss or otherwise. The only logical explanation why they are going through all the trouble is to make the cleaned up Keppel O& M easier to value and sell. I can imagine Temasek trying to haggle down the price of Keppel O& M beacuse of the Floatet write-off and the $3+billion stranded assets. So KC said " I would take the default risk on the stranded asset by taking them apart from Keppel O& M" so TH cannot use it as an excuse to push down the buying price. bystander1965      ( Date: 28-Jan-2021 19:37) Posted: I quite agree. It' s a complicated case. I was surprised SCI/SMM demerger happened so fast. To think positively I would attribute that to the fact that SMM needs that urgently to win major contracts, like the Sofia wind farm perhaps. But that' s just my conjecture. To merge them, I still think they need to stand properly first. Merging 2 loss making companies is hardly a winning strategy
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better Elite	28-Jan-2021 21:10        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually, the writing is quite clearly on the wall that Keppel corp is very keen to pursue the inorganic path a.k.a. selling part or whole of Keppel O& M to Temasek. Think about it, why would KC take the trouble to break up Keppel O& M into 3 parts if they are not keen on selling it soon. It is like pulling down your pant to fart. They can just announce they are exiting the rig biz without going through the trouble. And naturally, the stranded rigs/ assets would be off its book in a couple of years time at a loss or otherwise. The only logical explanation why they are going through all the trouble is to make the cleaned up Keppel O& M easier to value and sell. I can imagine Temasek trying to haggle down the price of Keppel O& M beacuse of the Floatet write-off and the $3+billion stranded assets. So KC said " I would take the default risk on the stranded asset by taking them apart from Keppel O& M" so TH cannot use it as an excuse to push down the buying price. bystander1965      ( Date: 28-Jan-2021 19:37) Posted: I quite agree. It' s a complicated case. I was surprised SCI/SMM demerger happened so fast. To think positively I would attribute that to the fact that SMM needs that urgently to win major contracts, like the Sofia wind farm perhaps. But that' s just my conjecture. To merge them, I still think they need to stand properly first. Merging 2 loss making companies is hardly a winning strategy. pkli899      ( Date: 28-Jan-2021 19:29) Posted: Even if there is going to be a merger/acquisition/buyover, whatever u call it, it wouldn' t take place near term. Not even mid term. IMO.
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bystander1965 Supreme	28-Jan-2021 19:37        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	I quite agree. It' s a complicated case. I was surprised SCI/SMM demerger happened so fast. To think positively I would attribute that to the fact that SMM needs that urgently to win major contracts, like the Sofia wind farm perhaps. But that' s just my conjecture. To merge them, I still think they need to stand properly first. Merging 2 loss making companies is hardly a winning strategy. pkli899      ( Date: 28-Jan-2021 19:29) Posted: Even if there is going to be a merger/acquisition/buyover, whatever u call it, it wouldn' t take place near term. Not even mid term. IMO.
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weishent Elite	28-Jan-2021 19:36        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Concrete step forward by Keppel. Now left discussion with SCM. Maybe transfer existing orders to SCM. Just sad for keppel O&M staff who use to be the pride and joy of SG. Top rig builder now exiting
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pkli899 Supreme	28-Jan-2021 19:29        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if there is going to be a merger/acquisition/buyover, whatever u call it, it wouldn' t take place near term. Not even mid term. IMO.
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bystander1965 Supreme	28-Jan-2021 19:24        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Well that' s one way of interpreting it. They have explicitly stated they have left the door open. But I am not going to speculate. Let nature take its course. It could be a long while before this happens if it indeed does happen. better      ( Date: 28-Jan-2021 18:14) Posted: Keppel Corp' s 100 days restructing plan has been announced. No surprises. Concrete direction  towards a merger a.k.a Sembmarine absorbing Keppel O& M. Now just waiting for Temasek and Keppel corp to come to the right price for the clean and lean Operating Co. which very much resemble Sembmarine' s current biz model. Kudos to CEO Wong for his farsight as Sembmarine has zero stranded assets on its hand and they have kind of exited the rig biz awhile back. I was just cracking my head previously on how Temasek is going to factor in Keppel $3+billion of stranded rig assets and the beleaguered Floatet into the buyout offer. So it is confirmed, KC is going to extract these problematic assets from Keppel OM so they can sell a clean company to Temasek. Likely a partial sale for cash and exchanging the rest for Sembmarine' s shares. So far so good....progressing as expected towards the merger.
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Checkerman Master	28-Jan-2021 18:57        Checkerman About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the annoucement better      ( Date: 28-Jan-2021 18:14) Posted: Keppel Corp' s 100 days restructing plan has been announced. No surprises. Concrete direction  towards a merger a.k.a Sembmarine absorbing Keppel O& M. Now just waiting for Temasek and Keppel corp to come to the right price for the clean and lean Operating Co. which very much resemble Sembmarine' s current biz model. Kudos to CEO Wong for his farsight as Sembmarine has zero stranded assets on its hand and they have kind of exited the rig biz awhile back. I was just cracking my head previously on how Temasek is going to factor in Keppel $3+billion of stranded rig assets and the beleaguered Floatet into the buyout offer. So it is confirmed, KC is going to extract these problematic assets from Keppel OM so they can sell a clean company to Temasek. Likely a partial sale for cash and exchanging the rest for Sembmarine' s shares. So far so good....progressing as expected towards the merger.
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better Elite	28-Jan-2021 18:14        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel Corp' s 100 days restructing plan has been announced. No surprises. Concrete direction  towards a merger a.k.a Sembmarine absorbing Keppel O& M. Now just waiting for Temasek and Keppel corp to come to the right price for the clean and lean Operating Co. which very much resemble Sembmarine' s current biz model. Kudos to CEO Wong for his farsight as Sembmarine has zero stranded assets on its hand and they have kind of exited the rig biz awhile back. I was just cracking my head previously on how Temasek is going to factor in Keppel $3+billion of stranded rig assets and the beleaguered Floatet into the buyout offer. So it is confirmed, KC is going to extract these problematic assets from Keppel OM so they can sell a clean company to Temasek. Likely a partial sale for cash and exchanging the rest for Sembmarine' s shares. So far so good....progressing as expected towards the merger.
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Playersoon Member	28-Jan-2021 16:48        Playersoon About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like it is coming handy.... 😅 Playersoon      ( Date: 28-Jan-2021 10:02) Posted: Maybe you could just copy this sentence another day.... Don't need to type again. However I hope you don't have to as maybe it is at one of support line. 😎 Playersoon      ( Date: 26-Jan-2021 16:19) Posted: Tomorrow when SMM is at 0.152........ His quote will be as Daily purchase program at - collected at 15.2cents Trade safe and DYOD
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naoshingo Elite	28-Jan-2021 11:19        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	So much actioon here today... Exciting to hear what CEO Loh Chin Hua has to say later....just a few hrs more...
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weishent Elite	28-Jan-2021 11:17        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Supporters defending .153, shortist hope it drop. But since tomorrow is Keppel annoucement, Shortist also scare and will cover as you never know what Keppel will annouce. unless have insider. today we will covering action at 0.154
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ADS2200 Veteran	28-Jan-2021 11:12        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha ... Ahboy8 read through all the chats ..... those that need to flip coin are the one shouting run run run ..... some threads warrant not a single comment while the worthy one has many many many  Flip your coin where you want to go to ....   😜
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ahboy8 Member	28-Jan-2021 10:43        ahboy8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha.. So many people comment so much uncertainty for this counter until might as well take out a coin and try filping it if you should jump on-board this ship..
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ADS2200 Veteran	28-Jan-2021 10:39        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO Wong, Tan Cheng Tat and many many others holding for good - moratorium as management team. Some retailers don' t care two hoots with slight blips in the market, while others hit and run. As such, you hear some yell run run run. Enjoy your bantering ..... Ultimately like what Better always said Dyodd.  Market don' t move b' cos of what we said ...... One thing is true, " Time and tide wait for no man." ADS2200      ( Date: 26-Jan-2021 16:27) Posted: CEO Wong Weng Sun and Tan Cheng Tat holding millions of shares ....  good to have you guys come to over to cheer for everyone. NWSE wind also no use lah..... just be patience Bro Better is enjoying his afternoon tea ..... no time to post. He said convey his heartfelt thanks   ADS2200      ( Date: 14-Jan-2021 18:00) Posted: Tan Cheng Tat changed of role from chief financial officer to chief risk officer. Following the change Mr Tan will report to Mr Wong Weng Sun His share holding details : 4,059,138 SCM shares Very likely free SCM shares from the demerger
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Playersoon Member	28-Jan-2021 10:21        Playersoon About Contact  Quote this Post!
x 0   x 0  Alert Admin	I Suspect he must be a SSH Liao... Don't play play🤑
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danger Supreme	28-Jan-2021 10:18        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	LOL... bro better standard sentence lah daily... he got more money than warren buffett Playersoon      ( Date: 28-Jan-2021 10:02) Posted: Maybe you could just copy this sentence another day.... Don't need to type again. However I hope you don't have to as maybe it is at one of support line. 😎 Playersoon      ( Date: 26-Jan-2021 16:19) Posted: Tomorrow when SMM is at 0.152........ His quote will be as Daily purchase program at - collected at 15.2cents Trade safe and DYOD
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Playersoon Member	28-Jan-2021 10:16        Playersoon About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like you....Killing time & entertainment 😆
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