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Justice888 Supreme	20-Jun-2020 23:40        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Temasek is major shareholder of SCI. Write off ? Think so easy ? Who is temasek? uiop1223      ( Date: 20-Jun-2020 21:58) Posted: Shareholders of SCI will protest if write off such a huge amt.. If demerger fails, my guess is for temasek to buy directly from SCI its stake (including the loans) in SMM? Maybe SCI need to take a haircut to its $1.5bn loan.. think its fairer to SMM shareholders. The current deal really sucks for SMM minority sh. They need to fork out more money to prevent dilution Goldfinger      ( Date: 20-Jun-2020 21:19) Posted: Is there any possibility that if the merger fails, that SCI will just write off SMM and stop supporting it with loans or loan guarantees?  A lot of people think that SMM is a big drag on SCI value.  In fact, with the demerger, SCI is already writing off the SGD1.5billion loan. If it is willing to do this, does this not convey that SCI is willing to let SMM go and write it off its books
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uiop1223 Supreme	20-Jun-2020 21:58        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shareholders of SCI will protest if write off such a huge amt.. If demerger fails, my guess is for temasek to buy directly from SCI its stake (including the loans) in SMM? Maybe SCI need to take a haircut to its $1.5bn loan.. think its fairer to SMM shareholders. The current deal really sucks for SMM minority sh. They need to fork out more money to prevent dilution Goldfinger      ( Date: 20-Jun-2020 21:19) Posted: Is there any possibility that if the merger fails, that SCI will just write off SMM and stop supporting it with loans or loan guarantees?  A lot of people think that SMM is a big drag on SCI value.  In fact, with the demerger, SCI is already writing off the SGD1.5billion loan. If it is willing to do this, does this not convey that SCI is willing to let SMM go and write it off its books? TA_Expert      ( Date: 20-Jun-2020 21:07) Posted: Temasek is not a controlling shareholder of SMM. SCI is the who is the controlling stakeholder. The game for SCI is to transfer this shareholding to Temasek. After that, SCI is no longer concern about the survival of SMM anymore. SCI will collect a huge sum in this game through suckers of SMM shareholders and enrich themselves and their shareholders. They will open champagne to celebrate because they no longer need to worry about its child anymore. Let him rot and die. After Temasek became the controller, the market hope that they will merge with Keppel Marine and then delist SMM thereafter. By then, the share price of SMM will be around $0.20. Temasek can easily offer $0.50, huge premium based on the current market price, which minority shareholders will accept it since they have no say. This is the game of both SCI and Temasek to ripe off SMM. Both of them will be laughing their way to the bank by sucking SMM shareholders dry.
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Goldfinger Supreme	20-Jun-2020 21:19        Goldfinger About Contact  Quote this Post!
x 0   x 1  Alert Admin	Is there any possibility that if the merger fails, that SCI will just write off SMM and stop supporting it with loans or loan guarantees?  A lot of people think that SMM is a big drag on SCI value.  In fact, with the demerger, SCI is already writing off the SGD1.5billion loan. If it is willing to do this, does this not convey that SCI is willing to let SMM go and write it off its books? TA_Expert      ( Date: 20-Jun-2020 21:07) Posted: Temasek is not a controlling shareholder of SMM. SCI is the who is the controlling stakeholder. The game for SCI is to transfer this shareholding to Temasek. After that, SCI is no longer concern about the survival of SMM anymore. SCI will collect a huge sum in this game through suckers of SMM shareholders and enrich themselves and their shareholders. They will open champagne to celebrate because they no longer need to worry about its child anymore. Let him rot and die. After Temasek became the controller, the market hope that they will merge with Keppel Marine and then delist SMM thereafter. By then, the share price of SMM will be around $0.20. Temasek can easily offer $0.50, huge premium based on the current market price, which minority shareholders will accept it since they have no say. This is the game of both SCI and Temasek to ripe off SMM. Both of them will be laughing their way to the bank by sucking SMM shareholders dry.
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TA_Expert Supreme	20-Jun-2020 21:07        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Temasek is not a controlling shareholder of SMM. SCI is the who is the controlling stakeholder. The game for SCI is to transfer this shareholding to Temasek. After that, SCI is no longer concern about the survival of SMM anymore. SCI will collect a huge sum in this game through suckers of SMM shareholders and enrich themselves and their shareholders. They will open champagne to celebrate because they no longer need to worry about its child anymore. Let him rot and die. After Temasek became the controller, the market hope that they will merge with Keppel Marine and then delist SMM thereafter. By then, the share price of SMM will be around $0.20. Temasek can easily offer $0.50, huge premium based on the current market price, which minority shareholders will accept it since they have no say. This is the game of both SCI and Temasek to ripe off SMM. Both of them will be laughing their way to the bank by sucking SMM shareholders dry.
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MichaelSchenker Master	20-Jun-2020 17:42        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	No, I did not see Temasek Holdings in the list of SembCorp Marine shareholders. Anyway, Temasek can' t vote in the SCI EGM either. alfredx      ( Date: 20-Jun-2020 16:31) Posted: Yup.. I totally fully agree with u that it will go thru as temasek are the major holder now.. Don't forget after clearing 1.5bil debt to parent company for demerger SMM get 600mil only thru the right issue.. It not much at all as they need to re-facility already cost 500mil? U havt count they need to re-pay loses for next few Qtr.. Employee and management fees and salary.. How sure they will getting any big contract? After right issue will they find ways to find money again? Become Penny price/stock it is possible also.. When it become penny then TMH again become white Knight to buy over them.. Djsoul80      ( Date: 20-Jun-2020 16:08) Posted: Temasek has 60pct. So do you think minority of you going against will win? Answer is NO. Save your worries about the meeting..all we can hope is the share price to be stabilize and be kept as good as possible for the demerger to happens. Maybe we can still benefit from it. We can only look forward and stop crying about the price we've bought donkey years ago. It's no point seriously. It will happen eventually. It's just like protesting for the sake of getting heard but eventually leading to no where.
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uiop1223 Supreme	20-Jun-2020 17:41        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happens when the rights go through? U willing to cough out more $ for the 5:1 rights? better      ( Date: 20-Jun-2020 01:51) Posted: The market action of SMM is pretty bullish the past week or so after the rights announcement. There are fund managers who want/ need to sell their SMM positions. But there are obviously buyer/ buyers with deep pockets that are trying to keep the price low so they can buy more at favourable prices. These buyers know that the dumb fund managers will have to sell at whatever price once an internal sell order is issued to offload their SMM shares. The end objective is to accumulate a sizable position in SMM at dirt cheap price, then veto the rights exercise. They have likely studied SMM financial statements and concluded like me that SMM is in absolutely no danger of going under in the next few years. It' s fortune is likely to turn for the better soon as oil prices continue to recover. Declartion: Bought 650 lots earlier at average $0.70 and added another 160 lots at average $0.56 after rights annoucement. Would love to continue to add if SMM' s shares stay below $0.80.
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alfredx Senior	20-Jun-2020 16:31        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup.. I totally fully agree with u that it will go thru as temasek are the major holder now.. Don't forget after clearing 1.5bil debt to parent company for demerger SMM get 600mil only thru the right issue.. It not much at all as they need to re-facility already cost 500mil? U havt count they need to re-pay loses for next few Qtr.. Employee and management fees and salary.. How sure they will getting any big contract? After right issue will they find ways to find money again? Become Penny price/stock it is possible also.. When it become penny then TMH again become white Knight to buy over them.. Djsoul80      ( Date: 20-Jun-2020 16:08) Posted: Temasek has 60pct. So do you think minority of you going against will win? Answer is NO. Save your worries about the meeting..all we can hope is the share price to be stabilize and be kept as good as possible for the demerger to happens. Maybe we can still benefit from it. We can only look forward and stop crying about the price we've bought donkey years ago. It's no point seriously. It will happen eventually. It's just like protesting for the sake of getting heard but eventually leading to no where.
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Djsoul80 Master	20-Jun-2020 16:08        Djsoul80 About Contact  Quote this Post!
x 0   x 2  Alert Admin	Temasek has 60pct. So do you think minority of you going against will win? Answer is NO. Save your worries about the meeting..all we can hope is the share price to be stabilize and be kept as good as possible for the demerger to happens. Maybe we can still benefit from it. We can only look forward and stop crying about the price we've bought donkey years ago. It's no point seriously. It will happen eventually. It's just like protesting for the sake of getting heard but eventually leading to no where.
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michaeltan Master	20-Jun-2020 11:47        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Without SCI 2 billion lifeline helps..long time already joined Holland road line Krisenergy or Ezra. Lol! Investors are not so stupid to put in more money of a sinking ship. SMM is considered lucky got Temasek backing, otherwise the faith will be like Hyflux! jlong0005      ( Date: 20-Jun-2020 09:41) Posted: I pray the selling is ending or else more investors like me will get very frustrated seeing the stock bleeds every session. I still can' t understand the mentality of the CEO/Chairman in supporting this stupid deal.  The bleeding every session since announcement speaks for itself. By the way, any investor bought at $0.50 during matching. Is it ang moh funds selling? Perhaps. should gather more signatures to petition against the lopsided deal.  This is the election time. May work. Ha ha ha, this stock has drove me crazy.
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jlong0005 Senior	20-Jun-2020 09:41        jlong0005 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I pray the selling is ending or else more investors like me will get very frustrated seeing the stock bleeds every session. I still can' t understand the mentality of the CEO/Chairman in supporting this stupid deal.  The bleeding every session since announcement speaks for itself. By the way, any investor bought at $0.50 during matching. Is it ang moh funds selling? Perhaps. should gather more signatures to petition against the lopsided deal.  This is the election time. May work. Ha ha ha, this stock has drove me crazy.
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better Elite	20-Jun-2020 01:51        better About Contact  Quote this Post!
x 0   x 2  Alert Admin	The market action of SMM is pretty bullish the past week or so after the rights announcement. There are fund managers who want/ need to sell their SMM positions. But there are obviously buyer/ buyers with deep pockets that are trying to keep the price low so they can buy more at favourable prices. These buyers know that the dumb fund managers will have to sell at whatever price once an internal sell order is issued to offload their SMM shares. The end objective is to accumulate a sizable position in SMM at dirt cheap price, then veto the rights exercise. They have likely studied SMM financial statements and concluded like me that SMM is in absolutely no danger of going under in the next few years. It' s fortune is likely to turn for the better soon as oil prices continue to recover. Declartion: Bought 650 lots earlier at average $0.70 and added another 160 lots at average $0.56 after rights annoucement. Would love to continue to add if SMM' s shares stay below $0.80.
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Goldfinger Supreme	19-Jun-2020 20:04        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I do not understand why it is better for SMM to go bankrupt for SMM shareholders.  20 cents is better than 0 cents right. I am also not sure why other countries need to approve the deal, if SMM does not have operations in their countries and their companies are only buying SMM products.  Maybe can share the analysis for us to understand the anti-trust point, and that it is not conjecture. TA_Expert      ( Date: 19-Jun-2020 18:08) Posted: Agree. Veto the resolutions. Even SMM bankrupt than to feed those SCI guys fat fat. The media is good is giving false impression that Temasek will merge Keppel Marine and SMM. Many laymen do not understand the complications involving the merger because it involves anti-trust regulations not just in Singapore but also across the globe. Other regulators will not approve the deal if their customers are worst off. jiajoon90      ( Date: 19-Jun-2020 11:45) Posted: I vested quite alot with average price of > $1. prolly lost ~70% with the current price now.  For me, a straight forward action, will vote against right issue with current price of 51 cents.
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Goldfinger Supreme	19-Jun-2020 20:01        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Personally, if the deal does not go through - the survival prospects of SMM may be rather dim.  It is bleeding and has massive loans to pay back, with interest.  There is little to stop SCI from stopping the funding or to shut it down even, and write it off.    So, one possibility is for a massive share placement to Temasek, or for SCI to sell its stake directly to Temasek.   Would that be a better deal?
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Daxtheman Veteran	19-Jun-2020 18:48        Daxtheman About Contact  Quote this Post!
x 0   x 0  Alert Admin	We can Veto but we would never win the resolution. It?s either you cut and realise the loss and move on or go with the rights subscription and pray for the merger to happen. It will happen, it?s just a matter of time. That is why they are trying to acquire more than 50% of Keppel too. So they win or the votes. Furthermore, if you want the chance, Temasek coming in to own more than 50% is what you need. Otherwise, sembcorp marine will fade away. The pump up before the rights is not coincidental I feel . Watch for some big move soon. I will not be surprised. As Long as put cut loss will do. I expect that price will rally next week. Back to $0.55 level at the least. TA_Expert      ( Date: 19-Jun-2020 18:08) Posted: Agree. Veto the resolutions. Even SMM bankrupt than to feed those SCI guys fat fat. The media is good is giving false impression that Temasek will merge Keppel Marine and SMM. Many laymen do not understand the complications involving the merger because it involves anti-trust regulations not just in Singapore but also across the globe. Other regulators will not approve the deal if their customers are worst off. jiajoon90      ( Date: 19-Jun-2020 11:45) Posted: I vested quite alot with average price of > $1. prolly lost ~70% with the current price now.  For me, a straight forward action, will vote against right issue with current price of 51 cents.
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TA_Expert Supreme	19-Jun-2020 18:08        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Agree. Veto the resolutions. Even SMM bankrupt than to feed those SCI guys fat fat. The media is good is giving false impression that Temasek will merge Keppel Marine and SMM. Many laymen do not understand the complications involving the merger because it involves anti-trust regulations not just in Singapore but also across the globe. Other regulators will not approve the deal if their customers are worst off. jiajoon90      ( Date: 19-Jun-2020 11:45) Posted: I vested quite alot with average price of > $1. prolly lost ~70% with the current price now.  For me, a straight forward action, will vote against right issue with current price of 51 cents.  uiop1223      ( Date: 19-Jun-2020 11:06) Posted: Then SMM has liquidity issues which need life saving from temasek. Maybe mcb kicks in? 😏 SMM is now a distressed company and can easily become penny stock or another krisenergy. In any case, SMM is goner. Dump while u can. U can buy cheaper later if u wanna bet on merger which will not in 2020.. not 1H2021? Not vested now.
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halleluyah Supreme	19-Jun-2020 17:45        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	during 1st day after halt, i got partial at 0.475...bcareful might go blw 50ct....fund hse negative abt it n call to sell....not long/short....hold sci.... Daxtheman      ( Date: 19-Jun-2020 16:45) Posted: Important price level, main support level 0.50 to 0.51 This should be the reversal to uptrend from here. Elliot Wave 3 . That?s what we need - a big power move. Added in some more at 0.51. Good luck and god bless ! chanbs      ( Date: 19-Jun-2020 15:48) Posted: 50-50.5 see if start reversal from here still massive shorts
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Daxtheman Veteran	19-Jun-2020 17:44        Daxtheman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Important level honestly because last time after the rights announcement, the market opened at $0.50 and quick slide to $0.45 before rallying all the way to $0.67 all within the day. Anyways, stock market is a risky game. We enter trades all the time and There?s win and there is loses. Ultimately, big losses needs to be minimised. Hence, always set your cut loss to protect yourself. Many people bought and chased Secura at high prices, I called Secura before the run and was in with 1300 lots at $0.045. And 800 lots at $0.053. Made pretty good. Can PM if you want me to show you halleluyah      ( Date: 19-Jun-2020 16:56) Posted: seems like funds dumping daily n plus shorting.... michaeltan      ( Date: 19-Jun-2020 16:55) Posted: Everyday drop 3%..by the time rights issue become $0.30 LOL
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uiop1223 Supreme	19-Jun-2020 17:40        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to short? I cant borrow nor cfd available
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halleluyah Supreme	19-Jun-2020 16:56        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	seems like funds dumping daily n plus shorting.... michaeltan      ( Date: 19-Jun-2020 16:55) Posted: Everyday drop 3%..by the time rights issue become $0.30 LOL! Daxtheman      ( Date: 19-Jun-2020 16:45) Posted: Important price level, main support level 0.50 to 0.51 This should be the reversal to uptrend from here. Elliot Wave 3 . That?s what we need - a big power move. Added in some more at 0.51. Good luck and god bless
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michaeltan Master	19-Jun-2020 16:55        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Everyday drop 3%..by the time rights issue become $0.30 LOL! Daxtheman      ( Date: 19-Jun-2020 16:45) Posted: Important price level, main support level 0.50 to 0.51 This should be the reversal to uptrend from here. Elliot Wave 3 . That?s what we need - a big power move. Added in some more at 0.51. Good luck and god bless ! chanbs      ( Date: 19-Jun-2020 15:48) Posted: 50-50.5 see if start reversal from here still massive shorts
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