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Sembmarine_Green is the new gold_a better future
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chart_expert123
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23-Dec-2021 16:34
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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" Jialat for scammers. After scamming to buy SMM with hundred to thousand postings, share price still around RI' s. lol..."
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dcproperty
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23-Dec-2021 16:17
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Yes, I see your point. O & M is one of SG growth engines.
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Oxtail ( Date: 23-Dec-2021 13:44) Posted:
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Himself revealed on these counters in this forum. Thus, I went and checked -:)
pkli899 ( Date: 23-Dec-2021 13:41) Posted:
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Jialat for chart expert. After badmouthing SMM with 60 postings, share price still above RI' s. Still long way from his price target of $0.04 lol
better ( Date: 23-Dec-2021 11:29) Posted:
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If in doubt, do type " trade minister marine sector" in google search. 
In there, you will find lots of news in GOV intentions. GOV invested and has plans in this sector. I do not even need to talk about TH commitment. 
Even tho the above is true, we as investor, should look out for facts/signs if SCM is on the right track. 
- Marine sector uptrend but can SCM get more contracts ? The latest contract win is a repeat order. Usually, if one is able to get repeat order, it means the client is satisfied with your service , your price or whatever. It also tells that the company is relevent to such industries. If SCM is relevent, I don' t see why SCM won' t prosper during market upturn. 
- R& D money being dump into drain ? There is no guarantee in R& D. R& D with no result is like $$$ sucking into bottomless pit. GOV and TH are very ambitous. They love to R& D and they don' t mind pouring lots of $$$ into it. We, as a minority shareholders, are just being drag around. To minority shareholders, our bar is low. We just hope that SCM do not make a loss for this year and following year and we will be delighted. Back to R& D, It is comforting to know that they receive good results in their recent 3D printing. At least, we know that good $$$ is not being dump into the drain. 
- SCM profitable in executing projects during COVID epedemic ? For this, we do not know. And have yet to see
I appreciate forumers post news in this thread.
We need news, insider information to constantly watch out for signs. 
Base on the above, make changes to our portfolio. 
Yes. Price falling are demoralizing. All of us can see the price. But price are not everything.
Buy a stock the way you would buy a house. Understand and like it such that you&rsquo d be content to own it in the absence of any market
 
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dcproperty ( Date: 23-Dec-2021 12:59) Posted:
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Hi, chart expert was already admitted that he short on this counter. Don' t expect him to talk good about SMM. He just like to jio people for shorting SMM, if not, asking people stop buying SMM, talk down on SMM price
Facts are fact, he only talk good on those he vested on like Keppel Corp, Starhub, PropNex. He praised so highly that TH owns Starhub more than 55% on the other forum. Told people TH is one of the major factors that Starhub good blah blah.
But downplay SMM which is also supported by TH at about 54%.
# Double minded
# talk himself happy
pkli899 ( Date: 23-Dec-2021 11:10) Posted:
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And also I shouldn' t use the word " hope" but my language skill so so.....can' t think of better word to use....sorry.
Yes, see thing objectively.....see the bad but also must see the good lor.
If not, it' s one sided view.
Nevertheless, I advocate " Peace" . No matter where u stand, no fighting.
We r here to share views and learn from each other.
Don' t let emotion get over us.
Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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Get ready for that, will see 7cents soon.
chart_expert123 ( Date: 23-Dec-2021 11:35) Posted:
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Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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SCM has nothing to be positive with. Can you tell me what they have done to stop cash burnt? nothing. 
When nothing is done and cash burnt is continue, share price will just go lower.
pkli899 ( Date: 23-Dec-2021 11:10) Posted:
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kopi-boy ( Date: 23-Dec-2021 11:19) Posted:
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An investment view should be based on thorough assessment and understanding the risks involved. Hence, making an investment call shoud be based on calculated risk.  No investments come without risk, except for risk-free assets like govt bonds.  Even some govt bonds come with credit risk.
Their risk appetite is just not big enough to stomach the risk.  Nothing wrong with that and sharing opinion is fine.  Just don' t try to influence others for personal gain.
Be objective!
pkli899 ( Date: 23-Dec-2021 11:10) Posted:
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However, sorry to say, your pessimism and negativity, I cannot accept.
Whatever development in this company, u only see the negative stuff.
This company got nothing positive going forward?
Really hopeless?
For me, I know SCM is at rock bottom but I also believe there is still hope.
I look at the positive side of it. No other direction it can go but up.
Of course not all company facing such situation can survive.
But this one with strong backing surely can.
I sincerely wish your pessimism is confine to this counter only.
Otherwise, life is going to be very miserable.
chart_expert123 ( Date: 23-Dec-2021 09:09) Posted:
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Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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When there are no longer a secret for Offshore & Marine Construction, many consultants companies set up in asia, in china, south korea, japan and singapore. 
They cannot compete with competitive offer with the consultants in asia for the mature design, so they can only focus on new renovative, non-mature or non-commercial (no practical) design. End up nearly close shop but SCM took it as a chance and acquire all  these design company in Europe. 
Then you can see the news of these designs being release again, again and again year by year, just to create market awareness. However, it is not commercial, no available market to build. end up, sound good but not practical at all. 
The cash burnt become on expenses of SCM shareholders, now at Temasek through rights issues. 
When Keppel O& M even closed down their consultants and design films in china and india and retrench more than thousands designers, SCM feed these expensive consultants and design films in western europe.
Management decision made SCM and Keppel O& M different. Based on order book, SCM only drive themselves to hell.
ahbui8 ( Date: 22-Dec-2021 22:21) Posted:
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better ( Date: 23-Dec-2021 00:18) Posted:
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Likely to break 9 cents nearing end Feb when they announce Year end results + some contract announcements.
The news for the next month or so should be about the overdue deliveries.
MANFREDTMK ( Date: 22-Dec-2021 17:03) Posted:
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chart_expert123 ( Date: 22-Dec-2021 17:45) Posted:
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Sevan SSP has announced that its concept has been chosen for the Equinor-operated Wisting field in the Barents Sea.
Sevan said it had designed a cylindrical floating production storage and offload (FPSO) vessel, which would take power from shore to lower the overall CO2 emissions from the field.
The field is estimated to contain close to 500 million barrels of oil equivalent, Equinor  said in November, and added that it expects capital investment in the project to be in the order of NOK 60-75 billion (£ 5-6.3bn).
The operator said it and its partners plan to make a final investment decision on the project in late 2022.
If an FID is approved, Sevan noted the vessel would be one of the largest projects on the Norwegian Continental Shelf in the coming years.
It would also be the company&rsquo s second cylindrical FPSO in the Barents Sea, after the 90m diameter Goliat FPSO,  delivered in 2016.
&ldquo Sevan is eager to pursue collaboration with all stakeholders to continue the work with greener initiatives and provide the best technical and cost-efficient solution for the Wisting field development project,&rdquo said Sevan SSP managing director Alf-Roger Skikstein.
Equinor first awarded contracts for Wisting work  in November 2020, bringing in Aker Solutions, KBR, Sevan SSP and Aibel to work on FPSO concept studies.
Sevan&rsquo s award follows Aker Solutions&rsquo   clinching of the contract  for front-end engineering and design (FEED) work for the project, covering topside facilities, living quarters and hull.
Other studies were to FMC Kongsberg Subsea, Technip Norge, Aker Solutions, OneSubsea Processing, IKM Ocean Design, Subsea 7, NOV and Baker Hughes, with the bulk of work to be carried out in Norway.
https://www.energyvoice.com/oilandgas/europe/374574/equinor-opts-for-sevan-fpso-concept-for-wisting/

