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ADS2200 Veteran	17-Sep-2020 22:29        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	blackrock has been displaced by another. it is an individual, ceo of scm wong weng sun  0.1815%. ranked after temasek indeed through all the ceo, directors and all, i believe temasek is holding more than 80% of scm ADS2200      ( Date: 17-Sep-2020 12:09) Posted: The larger point for SMM' s minority shareholders is that they are really in the same boat as Temasek, whether they obtained their shares largely from the 5-for-1 rights issue or entirely from the distribution in-specie by SCI. About one-fifth of Temasek' s SMM shares came from the sub-underwriting deal, which would have cost it S$0.20 per share. The other four-fifths of its SMM shares were de-merged from its SCI shares, the value of which it will certainly want to preserve. So, the current spate of selling notwithstanding, it seems logical to assume that whatever strategic moves Temasek makes with SMM will be in the interests of most minority investors too.
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weekaykee Master	17-Sep-2020 20:28        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it will happen within 6 mths 7ra11ver      ( Date: 17-Sep-2020 19:15) Posted: imo the corporate actions have not ended... TH may be thinking of various options to merge Keppel O& M and SMM... will wait for this next chapter and hope SMM will have some gain then. This should not be too long... may be within next 12 months?
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7ra11ver Member	17-Sep-2020 19:15        7ra11ver About Contact  Quote this Post!
x 0   x 0  Alert Admin	imo the corporate actions have not ended... TH may be thinking of various options to merge Keppel O& M and SMM... will wait for this next chapter and hope SMM will have some gain then. This should not be too long... may be within next 12 months?
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danger Supreme	17-Sep-2020 18:08        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	That is huge loss I am sure temasek loss isn' t any better better      ( Date: 17-Sep-2020 18:02) Posted: Exactly. Btw, Temasek would not be too concerned about the quoted value of its holdings until nearing their next reporting year end on the 31st March 2021. Based on SMM' s mother share price of between $0.70 to $2 for the last 3 years, the average price per share of the CEO Wong Weng Sum 0.17% ownership would be between $0.29 to $0.60.   danger      ( Date: 17-Sep-2020 15:44) Posted: also mean Temasek hasn' t sold any
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better Elite	17-Sep-2020 18:02        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly. Btw, Temasek would not be too concerned about the quoted value of its holdings until nearing their next reporting year end on the 31st March 2021. Based on SMM' s mother share price of between $0.70 to $2 for the last 3 years, the average price per share of the CEO Wong Weng Sum 0.17% ownership would be between $0.29 to $0.60.   danger      ( Date: 17-Sep-2020 15:44) Posted: also mean Temasek hasn' t sold any
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ADS2200 Veteran	17-Sep-2020 17:04        ADS2200 About Contact  Quote this Post!
x 1   x 0  Alert Admin	don' t think that is on their mind rather planning for the next move danger      ( Date: 17-Sep-2020 15:44) Posted: also mean Temasek hasn' t sold any
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ADS2200 Veteran	17-Sep-2020 17:03        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	you test the scm, scm test you. what are you made off short or long term value investors.  good volume so more investors can come onboard first the creation of two focused companies. now already demerged. hope to hear more news coming   ADS2200      ( Date: 17-Sep-2020 12:09) Posted: The larger point for SMM' s minority shareholders is that they are really in the same boat as Temasek, whether they obtained their shares largely from the 5-for-1 rights issue or entirely from the distribution in-specie by SCI. About one-fifth of Temasek' s SMM shares came from the sub-underwriting deal, which would have cost it S$0.20 per share. The other four-fifths of its SMM shares were de-merged from its SCI shares, the value of which it will certainly want to preserve. So, the current spate of selling notwithstanding, it seems logical to assume that whatever strategic moves Temasek makes with SMM will be in the interests of most minority investors too.
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danger Supreme	17-Sep-2020 15:44        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	also mean Temasek hasn' t sold any
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better Elite	17-Sep-2020 15:20        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	A few points to highlight. First, Temasek' s likely still own only 42.6% of SMM received from the rights issue., Being a substantial shareholder, they would need to make a SGX announcement within days if they increase their holdings via open market purchase. We are not see any announcement so far. Second, based on their indirect ownership of 29.9% of SMM and the price of SMM' s share over the past 3years $0.70 to $2) before the rights issue, Temasek' s average per share cost of their SMM' s holding would be between 26 to 41 cents depending on whether you use $0.70 or $2 for the mother shares.
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ADS2200 Veteran	17-Sep-2020 12:09        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The larger point for SMM' s minority shareholders is that they are really in the same boat as Temasek, whether they obtained their shares largely from the 5-for-1 rights issue or entirely from the distribution in-specie by SCI. About one-fifth of Temasek' s SMM shares came from the sub-underwriting deal, which would have cost it S$0.20 per share. The other four-fifths of its SMM shares were de-merged from its SCI shares, the value of which it will certainly want to preserve. So, the current spate of selling notwithstanding, it seems logical to assume that whatever strategic moves Temasek makes with SMM will be in the interests of most minority investors too.
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ADS2200 Veteran	17-Sep-2020 12:08        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Temasek' s enhanced stake may fortify minority shareholders' faith in Sembmarine TA_Expert      ( Date: 17-Sep-2020 11:01) Posted: We all know that it won' t happened. Many people wish that SMM will go back to its glory days but it is just a dream. SMM is technically bankrupt without SCI and Temasek monies. Temasek will eventually privatise it cheaply with all the minority shareholder values wipped out. This is the best way for them to save face. Once it is delisted, the company will be taken off from the media and investors radars. eric998      ( Date: 17-Sep-2020 10:55) Posted: i agree... i will do the same too.. SMM will eventually go back to above 20c probably in 2-3 years time.. but we not so patience to wait so long..
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desmodeus Veteran	17-Sep-2020 12:00        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	looks like chng kay already run road. classic pump and dump Maller      ( Date: 17-Sep-2020 11:07) Posted: Let it sell, later rise hope will get the shortists cover, dyodd
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ysh2006 Supreme	17-Sep-2020 11:15        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When is it ? And at what price ? TA_Expert      ( Date: 17-Sep-2020 11:01) Posted: We all know that it won' t happened. Many people wish that SMM will go back to its glory days but it is just a dream. SMM is technically bankrupt without SCI and Temasek monies. Temasek will eventually privatise it cheaply with all the minority shareholder values wipped out. This is the best way for them to save face. Once it is delisted, the company will be taken off from the media and investors radars. eric998      ( Date: 17-Sep-2020 10:55) Posted: i agree... i will do the same too.. SMM will eventually go back to above 20c probably in 2-3 years time.. but we not so patience to wait so long..
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Maller Elite	17-Sep-2020 11:07        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let it sell, later rise hope will get the shortists cover, dyodd
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TA_Expert Supreme	17-Sep-2020 11:01        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 1  Alert Admin	We all know that it won' t happened. Many people wish that SMM will go back to its glory days but it is just a dream. SMM is technically bankrupt without SCI and Temasek monies. Temasek will eventually privatise it cheaply with all the minority shareholder values wipped out. This is the best way for them to save face. Once it is delisted, the company will be taken off from the media and investors radars. eric998      ( Date: 17-Sep-2020 10:55) Posted: i agree... i will do the same too.. SMM will eventually go back to above 20c probably in 2-3 years time.. but we not so patience to wait so long..  TA_Expert      ( Date: 17-Sep-2020 10:51) Posted: Why would SCI' s shareholders keep the free SMM shares? Lock in the profits while you can. SCI is the one which will flourish, not SMM. That' s why SCI cut it off. Buy SCI, and not SMM
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eric998 Supreme	17-Sep-2020 10:55        eric998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i agree... i will do the same too.. SMM will eventually go back to above 20c probably in 2-3 years time.. but we not so patience to wait so long..  TA_Expert      ( Date: 17-Sep-2020 10:51) Posted: Why would SCI' s shareholders keep the free SMM shares? Lock in the profits while you can. SCI is the one which will flourish, not SMM. That' s why SCI cut it off. Buy SCI, and not SMM. eric998      ( Date: 17-Sep-2020 10:41) Posted: looks like those who got the ' free shares' are not interested to hold and throw them out inot the market.. let it go down to 150 the  load.. sellers and shortists in control now...
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TigerPlay Master	17-Sep-2020 10:52        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Because i got SCi share and given SCm, i sold all the SCi, left with SCm and need to sell them at 24cts to break even. Look like is a mammoth task to hit 24cts in the short term. Hardly can cross 17cts today and now fall back to 16.6 cts. PP talk about after covid19, this will soar, but everything will oso soar,maybe even huge soar like SiA etc danger      ( Date: 17-Sep-2020 09:16) Posted: why you 24cents ? becuase you have original SCM shares and rights ? TigerPlay      ( Date: 17-Sep-2020 09:14) Posted: i really hope u r right leh. i need SCm to touch 24cts just to break even leh, wonder how long it will take? 2 yrs
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TA_Expert Supreme	17-Sep-2020 10:51        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Why would SCI' s shareholders keep the free SMM shares? Lock in the profits while you can. SCI is the one which will flourish, not SMM. That' s why SCI cut it off. Buy SCI, and not SMM. eric998      ( Date: 17-Sep-2020 10:41) Posted: looks like those who got the ' free shares' are not interested to hold and throw them out inot the market.. let it go down to 150 the  load.. sellers and shortists in control now...
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eric998 Supreme	17-Sep-2020 10:41        eric998 About Contact  Quote this Post!
x 0   x 0  Alert Admin	looks like those who got the ' free shares' are not interested to hold and throw them out inot the market.. let it go down to 150 the  load.. sellers and shortists in control now...
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Maller Elite	17-Sep-2020 10:33        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do not sell cheap. Smm is worth more than this!!' Think someone forcing to collect?? It will come back Dyodd
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