| Latest Forum Topics / Seatrium Last:0.091 -- |
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Continuing the journey
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vivacious
Supreme |
22-Dec-2021 18:29
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sub 8 coming? | ||||||||||||||||||||||
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Oxtail
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22-Dec-2021 18:29
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I bought at 0.082 too. Buy time is 15:24 when they dump 17 million shares at one go.  Two counter party sell  -  ABN AMRO -  goldman sachs  
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Oxtail
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22-Dec-2021 18:23
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I read the news too. It is dated within 24hours.  Sevan SSP AS is a fully-owned subsidiary of Sembcorp Marine Ltd  
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pkli899
Supreme |
22-Dec-2021 17:59
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Just read one article from Energy Voice. " Equinor opts for Sevan FPSO concept for Wisting." Not sure is old news or not? Sevan is under SM? |
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chart_expert123
Master |
22-Dec-2021 17:54
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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When a company is loss making, it will destroy market confident and below side effect will occurs 1) Cheapo customer to look for huge discount since the company require cash flow. SCM force to accept this kind of order and think they can play magic to cut cost everywhere, eventually find out nothing can be cut and make more loss 2) Valued customer will think SCM become very hungry to cut cost, eventually may cut the quality of work and material, valued customer will stay away and not choose SCM. 3) Valued customer woll think SCM facing cash flow problem, the progressive payment they pay may go to cover other projects, eventually running out of money for their project and cause their project delay, valued customer will not choose SCM. above already happen, point 1 - SCM made 1.2-1.3bil loss. Point 2 and 3 - SCM secured 1.2-1.4bil contract as compared to Keppel O& M. If Keppel Corp decided not to discharge Keppel O& M to share the order book with SCM and their brand name with SCM, SCM will be gone. Keppel O& M can just take over assets from JM. this may be one of the out come. Let' s wait and see.
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chart_expert123
Master |
22-Dec-2021 17:45
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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unless SCM suddenly turn profit to generate net positive cash flow, even SCM reduce loss, it is still loss making, it will just drag 1-2 year longer only. Once 970mio is fully burnt, it will be another rights or 0 value. next rights may have to raise at 2.5-3cents. 1.2Bil order book for so many shipyards across, singapore, indonesia, brazil and etc, no enough order to feed, no enough to generate positive cash flow, cash burnt continually. 
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MANFREDTMK
Master |
22-Dec-2021 17:03
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Bro, don't overexposed yourself. Cannot count on TH to help minority shareholders if anything goes wrong with SM, rather it is the opposite. I began to have reservations on trust and loyalty in Singapore. Like I just found out, Blackrock is the one that is paring its stakes from 0.7% to 0.5% over the last 3 months. TH is the 5th major shareholder in Blackrock. Be prudent, don't bet with your life
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chart_expert123
Master |
22-Dec-2021 16:58
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Market cap of 2.7-2.8bil at 8cents after rights. , it is a top up of right in cash of 1.5bil on 1.3bil market cap to become 2.8bil market cap at 8-9cents. So long as SCM burning cash continually, the market cap will be discounted as well. Since only left 970mio and 530mio is gone till Nov 2021. Market cap 2.8bil - 530mio, 2.27bil, share price shall be7cents soon. The longer it go, lower it will go till 970mio all gone, another rights will come or 0 value.
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weekaykee
Master |
22-Dec-2021 15:58
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Slowly declining. Market is beginning to realise that another RI is around the corner. 
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weekaykee
Master |
22-Dec-2021 15:55
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Just be patient. You will be able to collect as much as you want all the way till 1ct and only need to stop when its gets delisted.
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chart_expert123
Master |
22-Dec-2021 15:52
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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8.1-8.2. Break 8, all the way to 4-5cents. Repeat again, 4-5 cents, market capitalization is 1.3-1.5Bil. after 2020 right, market cap was drop till 1.3-1.5bil. now is after 2021 right, 4-5cents is coming!!!  
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ahbui8
Master |
22-Dec-2021 15:32
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Rubbish counter 😑 | ||||||||||||||||||||||
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better
Elite |
22-Dec-2021 11:54
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Just collected a bunch at 8.2 cents....queuing since Sunday evening.
Order DetailAction
Buy
Transaction ID
20211220000007002
Symbol
S51
Stock Name
SEMBCORP MARINE
Filled Price
SGD 0.08200
Status
Filled
Special Instructions
None
Order Date and Time
20/12/2021 12:26:51 PM
Order Type
Limit Order
Good Till
18/01/2022
Quantity
500000
Filled Quantity
500000
Outstanding Quantity
0
Filled Details
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MANFREDTMK
Master |
21-Dec-2021 20:40
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Blackrock sold it stakes from 0.71% to 0.57%. However, Dimensional Funds raised its stake from 0.46% to 0.82%. Over the last 3 months, one funds sold 2b shares, I think Blackrock, but 2 big funds and 2 individuals bought 9.2b shares. I couldn't figure out why the share price is falling, although negligibly. I think it's done through married deals. | ||||||||||||||||||||||
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MANFREDTMK
Master |
21-Dec-2021 19:58
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However, the terms of exchange for the merger is still important, i.e. how many bananas (curve ones) for one abaloneeee
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dcproperty
Senior |
21-Dec-2021 19:00
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Yup, those dreamers kept harping on untruth. Even if SMM needs to pay $500m for $5.5b contract value, no good meh? And these contracts (From KOM) plus SMM' s existing contracts generating zero cash flow for months and years to come meh? Not to forget that SMM does have income from repair works too
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MANFREDTMK ( Date: 21-Dec-2021 18:09) Posted:
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dcproperty ( Date: 21-Dec-2021 17:48) Posted:
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Yes for sharing. Apart from that, a few projects are delivering soon. More cash inflow is coming to the balance sheet.
Furthermore, should SMM take over KOM, $5.5b contract value is being credited to SMM' s account. Potential billion dollars are being realized into SMM' s account in time to come.
# Let those dreamers continue to dream for another round of RI
better ( Date: 21-Dec-2021 14:55) Posted:
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Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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better ( Date: 21-Dec-2021 15:26) Posted:
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Elite
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SCM spent $100 million over 2+months from rights issue. Likely the cash receipts from delivery of Hornsea 2 platforms and Tyra topsides and repair/ upgrade work is more than enough to cover that.
$430 million is used to repay a loan. Repaying loan is not an expenditure and reduces future financing cost.
Go figure.
chart_expert123 ( Date: 21-Dec-2021 15:07) Posted:
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