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SembCorp Marine- The new Frontier. Post Reply Rate topic
pkli899 Supreme	21-Oct-2021 16:45        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TigerPlay      ( Date: 21-Oct-2021 16:39) Posted: Got pic of starship dancing?
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TigerPlay Master	21-Oct-2021 16:39        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got pic of starship dancing?
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pkli899 Supreme	21-Oct-2021 16:24        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha.....u sure can find picture or whatever to match!  Starship      ( Date: 21-Oct-2021 16:20) Posted: pkli899      ( Date: 21-Oct-2021 16:06) Posted: Wow, your description really........no word say! But I like.......the last 4 words particularly....画 龙 点 睛 ...赞 ！
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ahboy8 Member	21-Oct-2021 16:20        ahboy8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	People here are mainly minor SH. Seriously if you consider to let go at 0.08c, then just reply TH and sell to TH. Don' t bother queuing in the market, waste time, waste commisison and waste data. The lesser shares which are sold in the open market, it might work out better for the rest of the minor SH here.  Although the minor SH might not be able to move the market price, with the amount of shorts still floating, i think your little effort might make a different.
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Starship Supreme	21-Oct-2021 16:20        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	pkli899      ( Date: 21-Oct-2021 16:06) Posted: Wow, your description really........no word say! But I like.......the last 4 words particularly....画 龙 点 睛 ...赞 ！ Chagatai      ( Date: 21-Oct-2021 15:43) Posted: whoa liao no mercy prediction akin to a huge asteroid slam impact follow by searing heated atmosphere extreme shock wave sonic boom mega tsunami earthquakes temblors larva ejecta fall out volcano eruptions blocked sunlight total greenhouse effect sulphuric acid rains collapse of food chain and Omega complete Extinction of life on Earth. Semb Marine will Survive
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pkli899 Supreme	21-Oct-2021 16:06        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, your description really........no word say! But I like.......the last 4 words particularly....画 龙 点 睛 ...赞 ！ Chagatai      ( Date: 21-Oct-2021 15:43) Posted: whoa liao no mercy prediction akin to a huge asteroid slam impact follow by searing heated atmosphere extreme shock wave sonic boom mega tsunami earthquakes temblors larva ejecta fall out volcano eruptions blocked sunlight total greenhouse effect sulphuric acid rains collapse of food chain and Omega complete Extinction of life on Earth. Semb Marine will Survive chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price
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Chagatai Veteran	21-Oct-2021 15:56        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh
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Starship Supreme	21-Oct-2021 15:56        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	stanleytay      ( Date: 21-Oct-2021 15:49) Posted: This one really bird language. ckmpd1      ( Date: 21-Oct-2021 15:37) Posted: Some say once MGO is off, SMM will soar.  Some say will plunge. But one thing is certain..It will not stay 8c for long after 3 No
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ckmpd1 Supreme	21-Oct-2021 15:53        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	beautiful Starship      ( Date: 21-Oct-2021 15:48) Posted: Chagatai      ( Date: 21-Oct-2021 15:43) Posted: whoa liao no mercy prediction akin to a huge asteroid slam impact follow by searing heated atmosphere extreme shock wave sonic boom mega tsunami earthquakes temblors larva ejecta fall out volcano eruptions blocked sunlight total greenhouse effect sulphuric acid rains collapse of food chain and Omega complete Extinction of life on Earth. Semb Marine will Survive
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stanleytay Master	21-Oct-2021 15:49        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one really bird language. ckmpd1      ( Date: 21-Oct-2021 15:37) Posted: Some say once MGO is off, SMM will soar.  Some say will plunge. But one thing is certain..It will not stay 8c for long after 3 Nov ckmpd1      ( Date: 21-Oct-2021 15:35) Posted: Agree.  Once MGO is off, 8c safety net is off.
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Starship Supreme	21-Oct-2021 15:48        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chagatai      ( Date: 21-Oct-2021 15:43) Posted: whoa liao no mercy prediction akin to a huge asteroid slam impact follow by searing heated atmosphere extreme shock wave sonic boom mega tsunami earthquakes temblors larva ejecta fall out volcano eruptions blocked sunlight total greenhouse effect sulphuric acid rains collapse of food chain and Omega complete Extinction of life on Earth. Semb Marine will Survive chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price
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Chagatai Veteran	21-Oct-2021 15:46        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lol 😂 anyone can sense that I was once a petroleum geologist? Now Unemployed ☹ ️ Chagatai      ( Date: 21-Oct-2021 15:43) Posted: whoa liao no mercy prediction akin to a huge asteroid slam impact follow by searing heated atmosphere extreme shock wave sonic boom mega tsunami earthquakes temblors larva ejecta fall out volcano eruptions blocked sunlight total greenhouse effect sulphuric acid rains collapse of food chain and Omega complete Extinction of life on Earth. Semb Marine will Survive chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price
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Chagatai Veteran	21-Oct-2021 15:43        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	whoa liao no mercy prediction akin to a huge asteroid slam impact follow by searing heated atmosphere extreme shock wave sonic boom mega tsunami earthquakes temblors larva ejecta fall out volcano eruptions blocked sunlight total greenhouse effect sulphuric acid rains collapse of food chain and Omega complete Extinction of life on Earth. Semb Marine will Survive chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price. chart_expert123      ( Date: 21-Oct-2021 15:32) Posted: 1.3bil cash already burnt off. So next cash crisis may be coming within less than 1 year. 3cents for next rights to attracts subscription, it will be 50bil shares for 1.5bil. TH will increase their holding furthers to 60-70%. Instead of raising money through another rights. Just move to JD better, after move into JD then, you will realise the NAV worth nothing when a company in assets force sales mode. We have enough reference in sgx, fresh in the market, just do some research on ezion ezra swiber hyflux and etc. What shareholders left? Nothing eventually. Do your own due diligence
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chart_expert123 Master	21-Oct-2021 15:37        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Cfd players and contra players are very sensitive for stock which give opportunity chance. Once a player test the MGO supported level is not longer having invisible hand to digest the selling. The rest will follow. Go up, go down or stagnant without volume. So long as trading volume appear, price will move. chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price. chart_expert123      ( Date: 21-Oct-2021 15:32) Posted: 1.3bil cash already burnt off. So next cash crisis may be coming within less than 1 year. 3cents for next rights to attracts subscription, it will be 50bil shares for 1.5bil. TH will increase their holding furthers to 60-70%. Instead of raising money through another rights. Just move to JD better, after move into JD then, you will realise the NAV worth nothing when a company in assets force sales mode. We have enough reference in sgx, fresh in the market, just do some research on ezion ezra swiber hyflux and etc. What shareholders left? Nothing eventually. Do your own due diligence
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ckmpd1 Supreme	21-Oct-2021 15:37        ckmpd1 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Some say once MGO is off, SMM will soar.  Some say will plunge. But one thing is certain..It will not stay 8c for long after 3 Nov ckmpd1      ( Date: 21-Oct-2021 15:35) Posted: Agree.  Once MGO is off, 8c safety net is off.    chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price
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ckmpd1 Supreme	21-Oct-2021 15:35        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree.  Once MGO is off, 8c safety net is off.    chart_expert123      ( Date: 21-Oct-2021 15:34) Posted: MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price. chart_expert123      ( Date: 21-Oct-2021 15:32) Posted: 1.3bil cash already burnt off. So next cash crisis may be coming within less than 1 year. 3cents for next rights to attracts subscription, it will be 50bil shares for 1.5bil. TH will increase their holding furthers to 60-70%. Instead of raising money through another rights. Just move to JD better, after move into JD then, you will realise the NAV worth nothing when a company in assets force sales mode. We have enough reference in sgx, fresh in the market, just do some research on ezion ezra swiber hyflux and etc. What shareholders left? Nothing eventually. Do your own due diligence
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chart_expert123 Master	21-Oct-2021 15:34        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	MGO still take till early Nov, you still have many days to do due diligence. Once MGO lifted, market will decide the price. chart_expert123      ( Date: 21-Oct-2021 15:32) Posted: 1.3bil cash already burnt off. So next cash crisis may be coming within less than 1 year. 3cents for next rights to attracts subscription, it will be 50bil shares for 1.5bil. TH will increase their holding furthers to 60-70%. Instead of raising money through another rights. Just move to JD better, after move into JD then, you will realise the NAV worth nothing when a company in assets force sales mode. We have enough reference in sgx, fresh in the market, just do some research on ezion ezra swiber hyflux and etc. What shareholders left? Nothing eventually. Do your own due diligence. better      ( Date: 21-Oct-2021 15:08) Posted: Before you execute your sell all transaction, can consider the following assessment of SCM' s NAV from an independent financial advisor, supported by asset valuation report from Deloitte after factoring worst case scenario H2 losses. Full report can be downloaded from SGX company announcements page. .2.2 Price-to-book (&ldquo P/NAV&rdquo ) ratio P/NAV ratio is a commonly used net asset backing approach which shows the extent to which the shares of a company are backed by its net assets. The NAV based valuation approach provides an estimate of the value of a company assuming the hypothetical sale of all its assets over a reasonable period of time and would be more relevant for asset-based companies or where the subject company intends to realise or convert the uses of all or most of its assets. Such a valuation approach would be particularly appropriate when applied in circumstances where the business is to cease operations or where the profitability of the business being valued is not sufficient to sustain an earnings-based valuation. As shown in Section 6.4.2 of this Letter, the estimated projected NAV per Share as at 31 December 2021 is S$0.1246. Based on the Offer Price of S$0.08 per Share, the P/NAV ratio of the Company is therefore 0.64 times, which implies that the valuation of the Company (implied by the Offer Price) is at a discount of 35.8% to the estimated projected NAV per Share. 8.2.3 P/RNAV ratio To the extent that a company has assets which have significant revaluation surplus arising from a potential valuation of these assets, the RNAV of the shares of the company would have to be considered. As set out in Section 7.1 of this Letter, the Valuer had estimated the Valuation of the Subject Assets as at the Valuation Date to be between approximately S$7.7 billion and S$8.8 billion, which gives rise to a net revaluation surplus of between approximately S$1.4 billion and S$2.5 billion, after taking into consideration the potential tax liabilities assuming a hypothetical sale of the Subject Assets as required under the Code. The Directors and Management have represented and confirmed that the Group has no immediate plans to dispose of its interests in the Subject Assets, and as such, the above tax liabilities are not likely to crystallise. 40 PROVENANCE CAPITAL PTE. LTD. 23 Arising from the net revaluation surplus, the RNAV per Share is significantly higher at approximately between S$0.17 and S$0.20 as set out in Section 7.2 above. Accordingly, the range of P/RNAV ratios of the Group implied by the Offer Price would be significantly lower at between 0.39 and 0.47 times, compared to the P/NAV ratio of 0.64 times as set out in Section 8.2.2 above. The above implies that the Offer Price is at a deep discount of approximately 53% to 61% below the RNAV of the Group as at 31 December 2021. We are of the view that consideration of the current market sentiment on listed securities in similar industry, in particular, the Comparable Companies, is relevant for our purposes in estimating the range of values for the Shares and evaluating the Offer. Taking into consideration the above, overall, on balance, we are of the view that for the purposes of the Offer, our estimated value range of the Shares is between S$0.125 and S$0.14, based on the mean and median P/NAV ratios of the Comparable Companies of 1.1 times, and the estimated projected NAV per Share of S$0.1246 as at 31 December 2021 which takes into consideration the recently completed Rights Issue and the expected losses for 2H2021. Hence, we are of the opinion that the Offer Price of S$0.08 is not fair and not reasonable, as it is below our estimated value range of the Shares.
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chart_expert123 Master	21-Oct-2021 15:32        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	1.3bil cash already burnt off. So next cash crisis may be coming within less than 1 year. 3cents for next rights to attracts subscription, it will be 50bil shares for 1.5bil. TH will increase their holding furthers to 60-70%. Instead of raising money through another rights. Just move to JD better, after move into JD then, you will realise the NAV worth nothing when a company in assets force sales mode. We have enough reference in sgx, fresh in the market, just do some research on ezion ezra swiber hyflux and etc. What shareholders left? Nothing eventually. Do your own due diligence. better      ( Date: 21-Oct-2021 15:08) Posted: Before you execute your sell all transaction, can consider the following assessment of SCM' s NAV from an independent financial advisor, supported by asset valuation report from Deloitte after factoring worst case scenario H2 losses. Full report can be downloaded from SGX company announcements page. .2.2 Price-to-book (&ldquo P/NAV&rdquo ) ratio P/NAV ratio is a commonly used net asset backing approach which shows the extent to which the shares of a company are backed by its net assets. The NAV based valuation approach provides an estimate of the value of a company assuming the hypothetical sale of all its assets over a reasonable period of time and would be more relevant for asset-based companies or where the subject company intends to realise or convert the uses of all or most of its assets. Such a valuation approach would be particularly appropriate when applied in circumstances where the business is to cease operations or where the profitability of the business being valued is not sufficient to sustain an earnings-based valuation. As shown in Section 6.4.2 of this Letter, the estimated projected NAV per Share as at 31 December 2021 is S$0.1246. Based on the Offer Price of S$0.08 per Share, the P/NAV ratio of the Company is therefore 0.64 times, which implies that the valuation of the Company (implied by the Offer Price) is at a discount of 35.8% to the estimated projected NAV per Share. 8.2.3 P/RNAV ratio To the extent that a company has assets which have significant revaluation surplus arising from a potential valuation of these assets, the RNAV of the shares of the company would have to be considered. As set out in Section 7.1 of this Letter, the Valuer had estimated the Valuation of the Subject Assets as at the Valuation Date to be between approximately S$7.7 billion and S$8.8 billion, which gives rise to a net revaluation surplus of between approximately S$1.4 billion and S$2.5 billion, after taking into consideration the potential tax liabilities assuming a hypothetical sale of the Subject Assets as required under the Code. The Directors and Management have represented and confirmed that the Group has no immediate plans to dispose of its interests in the Subject Assets, and as such, the above tax liabilities are not likely to crystallise. 40 PROVENANCE CAPITAL PTE. LTD. 23 Arising from the net revaluation surplus, the RNAV per Share is significantly higher at approximately between S$0.17 and S$0.20 as set out in Section 7.2 above. Accordingly, the range of P/RNAV ratios of the Group implied by the Offer Price would be significantly lower at between 0.39 and 0.47 times, compared to the P/NAV ratio of 0.64 times as set out in Section 8.2.2 above. The above implies that the Offer Price is at a deep discount of approximately 53% to 61% below the RNAV of the Group as at 31 December 2021. We are of the view that consideration of the current market sentiment on listed securities in similar industry, in particular, the Comparable Companies, is relevant for our purposes in estimating the range of values for the Shares and evaluating the Offer. Taking into consideration the above, overall, on balance, we are of the view that for the purposes of the Offer, our estimated value range of the Shares is between S$0.125 and S$0.14, based on the mean and median P/NAV ratios of the Comparable Companies of 1.1 times, and the estimated projected NAV per Share of S$0.1246 as at 31 December 2021 which takes into consideration the recently completed Rights Issue and the expected losses for 2H2021. Hence, we are of the opinion that the Offer Price of S$0.08 is not fair and not reasonable, as it is below our estimated value range of the Shares. TigerPlay      ( Date: 21-Oct-2021 13:58) Posted: Maybe I should !
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Chagatai Veteran	21-Oct-2021 15:24        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vodka tells me to hold on after November to buy more patiently
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ahbui8 Master	21-Oct-2021 15:22        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, All SH do your part, still no confidence on this counter, just sell to TH. This way will shun away all the shortist and those hopping to collect at 7 and 6 cts. Don' t repeat the mistake on 2nd RI, just because of 0.1 or 0.2 cts, go and apply for the excess. better      ( Date: 21-Oct-2021 15:08) Posted: Before you execute your sell all transaction, can consider the following assessment of SCM' s NAV from an independent financial advisor, supported by asset valuation report from Deloitte after factoring worst case scenario H2 losses. Full report can be downloaded from SGX company announcements page. .2.2 Price-to-book (&ldquo P/NAV&rdquo ) ratio P/NAV ratio is a commonly used net asset backing approach which shows the extent to which the shares of a company are backed by its net assets. The NAV based valuation approach provides an estimate of the value of a company assuming the hypothetical sale of all its assets over a reasonable period of time and would be more relevant for asset-based companies or where the subject company intends to realise or convert the uses of all or most of its assets. Such a valuation approach would be particularly appropriate when applied in circumstances where the business is to cease operations or where the profitability of the business being valued is not sufficient to sustain an earnings-based valuation. As shown in Section 6.4.2 of this Letter, the estimated projected NAV per Share as at 31 December 2021 is S$0.1246. Based on the Offer Price of S$0.08 per Share, the P/NAV ratio of the Company is therefore 0.64 times, which implies that the valuation of the Company (implied by the Offer Price) is at a discount of 35.8% to the estimated projected NAV per Share. 8.2.3 P/RNAV ratio To the extent that a company has assets which have significant revaluation surplus arising from a potential valuation of these assets, the RNAV of the shares of the company would have to be considered. As set out in Section 7.1 of this Letter, the Valuer had estimated the Valuation of the Subject Assets as at the Valuation Date to be between approximately S$7.7 billion and S$8.8 billion, which gives rise to a net revaluation surplus of between approximately S$1.4 billion and S$2.5 billion, after taking into consideration the potential tax liabilities assuming a hypothetical sale of the Subject Assets as required under the Code. The Directors and Management have represented and confirmed that the Group has no immediate plans to dispose of its interests in the Subject Assets, and as such, the above tax liabilities are not likely to crystallise. 40 PROVENANCE CAPITAL PTE. LTD. 23 Arising from the net revaluation surplus, the RNAV per Share is significantly higher at approximately between S$0.17 and S$0.20 as set out in Section 7.2 above. Accordingly, the range of P/RNAV ratios of the Group implied by the Offer Price would be significantly lower at between 0.39 and 0.47 times, compared to the P/NAV ratio of 0.64 times as set out in Section 8.2.2 above. The above implies that the Offer Price is at a deep discount of approximately 53% to 61% below the RNAV of the Group as at 31 December 2021. We are of the view that consideration of the current market sentiment on listed securities in similar industry, in particular, the Comparable Companies, is relevant for our purposes in estimating the range of values for the Shares and evaluating the Offer. Taking into consideration the above, overall, on balance, we are of the view that for the purposes of the Offer, our estimated value range of the Shares is between S$0.125 and S$0.14, based on the mean and median P/NAV ratios of the Comparable Companies of 1.1 times, and the estimated projected NAV per Share of S$0.1246 as at 31 December 2021 which takes into consideration the recently completed Rights Issue and the expected losses for 2H2021. Hence, we are of the opinion that the Offer Price of S$0.08 is not fair and not reasonable, as it is below our estimated value range of the Shares. TigerPlay      ( Date: 21-Oct-2021 13:58) Posted: Maybe I should !
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