| Latest Forum Topics / Seatrium Last:0.091 -- |
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STI to cross 3000 boosted by long-term investors
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SteveJobless
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18-Mar-2022 11:36
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So it is " Poetic Justice" now. 
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better
Elite |
18-Mar-2022 11:34
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You are right about the delay, which the losses had been accounted for in FY 2020 and 2021 results
Now is only cash collection for delivery.
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Elite |
18-Mar-2022 11:30
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Maybe.
A dreamer is one who can only find his way by the moonlight, and his punishment is that ge sees the dawn before the rest of the world- Oscar Wilde
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Chagataii
Veteran |
18-Mar-2022 11:30
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20 million in the shipyard business can?t even cover the cost of a hydraulic 2000SWL crane | ||||
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SteveJobless
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18-Mar-2022 11:28
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If it is $40mil a piece, the losses will be compounded further, notwithstading the 2 years delay in delivery. 
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SteveJobless
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18-Mar-2022 11:15
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Any imminent special dividend from SM will happen only in dreamland. 
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better
Elite |
18-Mar-2022 09:16
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Yup, the cashflow very positive has been confirmed by William at the results podcast on 25th Feb.  A special dividend is definitely on the table. Every one dollar they dish out, Temasek gets 55 cents.
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better
Elite |
18-Mar-2022 09:12
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I think the Ropax ferry is worth about $40mil a piece. $20 mil is my conservative estimate of the cash collection at delivery.
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dcproperty
Senior |
18-Mar-2022 09:03
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SteveJobless
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18-Mar-2022 08:46
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Would they give dividend just based on the Q1 2022 result, even if it is a positive result, after years of bleeding? Even if they do, which I believe not, it would be S$0.001 at best. I may be wrong.
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ICXGOLD
Master |
18-Mar-2022 08:38
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2021 the management front loaded costs 800 million or so to cover cost of completing existing orders, Q1 2022 they have been steadily completing projects, which could mean that the Q1 2022 results would result in cashflow positive and in the green for its last set of accounts before merger. Would not be surprised if they give a dividend as they have nothing to lose. | ||||
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SteveJobless
Member |
18-Mar-2022 08:16
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First delivery supposed to be Q4 2020 instead of 16 March 2022 or thereabout. Each Ropax approx $20mil. Total contract sum for 3 Ropax approx $60mil only, even if all 3 are delivered within 2022. 
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ICXGOLD
Master |
18-Mar-2022 07:54
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Sembcorp Marine' s zero-emission ROPAX ferries ready to sailThe first three vessels will be used by Norled. Sembcorp Marine has completed the fabrication of its first three battery-operated roll-on/roll-off passenger (ROPAX) ferries for Norweigan ferry operator Norled. The group was commissioned by Norled to design and construct the ferries based on the design of LMG Marin. The vessels are 82.4m long, multi-deck, and double-ended, each with a capacity for 300 passengers and crew as well as 80 cars, or a combination of up to 10  cars and 10 trailer trucks. It also considered passengers' comfort and working conditions for the crew. " The demand for passenger ferries is anticipated to increase, owing to a wide range of factors including  the emerging trend of ferries as a viable alternative transport, development in marine fuel technologies, and inclination of consumers towards luxury marine travel," president and CEO Wong Weng Sun said. " Sembcorp Marine, with its extensive track record and suite of proprietary designs for various types of ships and offshore engineering solutions, will continue to strategically position the group strongly to support the maritime industry' s transition towards renewable energy and the adoption of green technologies. This latest project marks our commitment to our customer and their pursuit of green solutions for the industry." The two remaining ROPAX ferries will be ready within the year. |
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desmodeus
Veteran |
18-Mar-2022 01:22
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regarding the merger, what puzzle me is why kepcorp would receive up to $500m on top of shares in newco. scm would be injecting assets also and why not getting $. valuation should be transparent if the merger does happen | ||||
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desmodeus
Veteran |
17-Mar-2022 22:38
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10c not far now😉 | ||||
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SteveJobless
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17-Mar-2022 20:07
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Contract to be signed in June 2022. Contract sum assuming S$800mil. Construction of the ship to be delivered within 3 years. This works out to be approx S$267mil sales turnover per year. 
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beng1102
Elite |
17-Mar-2022 19:27
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Open short position is declining week after week suggeest on-going buying back to cover short position.   SEMBCORP MARINE LTD 20220211 18,273,217
SEMBCORP MARINE LTD 20220218 16,621,067
SEMBCORP MARINE LTD 20220225 17,580,971
SEMBCORP MARINE LTD 20220304 16,365,635
SEMBCORP MARINE LTD 20220311 14,239,735
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PHInsider63
Veteran |
17-Mar-2022 18:19
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Thanks for sharing this
😊
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better
Elite |
17-Mar-2022 18:16
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This contracr won is a collective effort, building on LMG Marin' s success on designing the award winning Polar Cruise vessel 4 years ago. And EJA, the largest and most advanced yard in Brazil, can take care of the local content requirement. Sembmarine, on the other hand, provides the engineering and hull building expertise. One of the higher margin projects as very few players can put together the required components to win the arctic vessel project
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PHInsider63
Veteran |
17-Mar-2022 18:11
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Oh I see.
Thanks for explaining so well.
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