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uiop1223 Supreme	10-Jun-2020 21:32        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA current price is driven by sentiments that air travel will recover fast. Merger of keppel corp will not be so soon. Probably half yr after keppel settles its own deal with temasek michaeltan      ( Date: 10-Jun-2020 19:44) Posted: It is ok. I believe Temasek who is the major share holder for both must have a deep study and support the demerger exercise. Not be suprised the price may go up to $0.40 after ex-right. Look at SIA, many predicted after ex-right to be $3.60 to $3.80 but now $4.35? Don' t forget another catalyst of merger with KOM card in play. Djsoul80      ( Date: 10-Jun-2020 19:24) Posted: --- Post Removed by User ---
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Observers Elite	10-Jun-2020 21:30        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those want to veto the demerger should go and read Ezion' s annual report out just today, esp the Chairman statement.
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SgYuan Supreme	10-Jun-2020 21:26        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	now on w2 - tgt 535 px hit low 590 if w3 come it will be w3 ext ew 1h chart
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arctician1982 Senior	10-Jun-2020 21:12        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	if it benefits SCI then why not put your words into action and buy SCI? i also think it benefits them so i queuing for SCI, but will vote yes all the same TA_Expert      ( Date: 10-Jun-2020 20:23) Posted: My call is minority shareholders of SMM should be veto the proposal. This deal will only serve to benefit the shareholders SCI. That' s why you can see a strong rally in SCI' s price while SMM share price plunged. I agree with member " better" who will vote aganist the proposal.  Djsoul80      ( Date: 10-Jun-2020 16:48) Posted: --- Post Removed by User ---
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Goldfinger Supreme	10-Jun-2020 20:49        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	What if the M& A fails, and SembCorp decides to cut off SembMarine or sell it to another party or close it down altogether?  SembMarine cannot bleed red ink forever. No company would tolerate continuous red ink without economies of scale to drive a turnaround. Then the value of the shares will plunge.
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TA_Expert Supreme	10-Jun-2020 20:23        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	My call is minority shareholders of SMM should be veto the proposal. This deal will only serve to benefit the shareholders SCI. That' s why you can see a strong rally in SCI' s price while SMM share price plunged. I agree with member " better" who will vote aganist the proposal.  Djsoul80      ( Date: 10-Jun-2020 16:48) Posted: --- Post Removed by User ---
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michaeltan Master	10-Jun-2020 20:07        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I meant after the exercise rights convert to mother share. Based on last rights closing price $0.65 + $3.00 = $3.65 Justice888      ( Date: 10-Jun-2020 19:53) Posted: The day after ex right it went above $5 michaeltan      ( Date: 10-Jun-2020 19:44) Posted: It is ok. I believe Temasek who is the major share holder for both must have a deep study and support the demerger exercise. Not be suprised the price may go up to $0.40 after ex-right. Look at SIA, many predicted after ex-right to be $3.60 to $3.80 but now $4.35? Don' t forget another catalyst of merger with KOM card in play
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Justice888 Supreme	10-Jun-2020 19:53        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The day after ex right it went above $5 michaeltan      ( Date: 10-Jun-2020 19:44) Posted: It is ok. I believe Temasek who is the major share holder for both must have a deep study and support the demerger exercise. Not be suprised the price may go up to $0.40 after ex-right. Look at SIA, many predicted after ex-right to be $3.60 to $3.80 but now $4.35? Don' t forget another catalyst of merger with KOM card in play. Djsoul80      ( Date: 10-Jun-2020 19:24) Posted: --- Post Removed by User ---
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Goldfinger Supreme	10-Jun-2020 19:50        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you look at it logically, everyone benefits.  SMM also gets a richer parent now.  The SGD1.5 billion in debt to SCI will also get wiped off the books.  Is this not better than the company closing shop, due to being unable to pay back its debts?  I do not think SCI would want to support SMM forever either.
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michaeltan Master	10-Jun-2020 19:44        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	It is ok. I believe Temasek who is the major share holder for both must have a deep study and support the demerger exercise. Not be suprised the price may go up to $0.40 after ex-right. Look at SIA, many predicted after ex-right to be $3.60 to $3.80 but now $4.35? Don' t forget another catalyst of merger with KOM card in play. Djsoul80      ( Date: 10-Jun-2020 19:24) Posted: --- Post Removed by User ---
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michaeltan Master	10-Jun-2020 19:02        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Not really, you must look at other benefit that you are to SCI shares. Suppose buying 1000 SCI shares at $2.10 = $2100 entitled to 4500 SMM shares free. =$2100 -you own 1000 SCI shares + 4500 SMM shares  Suppose buying 1000 SMM shares at $0.61 = $610 + ($1000) ( 5000 shares X $0.20) =$1610 - you own 6000 SMM shares. Let say after the ex-right is overed. SMM $0.30 = 6000 X $0.30 = $1800 - Capital gain ( $1800 - $1610 ) = $190 SCI $1.50  = 1000 X $1.50 + (4500 X $0.30 = $1350) = $2850 - Capital gain ( $2850 - $2100 ) = $ 750 michaeltan      ( Date: 10-Jun-2020 18:59) Posted: Not really, you must look at other benefit that you are to SCI shares. Suppose buying 1000 SCI shares at $2.10 = $2100 entitled to 4500 SMM shares free. =$2100 -you own 1000 SCI shares + 4500 SMM shares  Suppose buying 1000 SMM shares at $0.61 = $600 + ($1000) ( 5000 shares X $0.20) =$1600 - you own 6000 SMM shares. Let say after the ex-right is overed. SMM $0.30 = 6000 X $0.30 = $1800 - Capital gain ( $1800 - $1600 ) = $200 SCI $1.50  = 1000 X $1.50 + (4500 X $0.30 = $1350) = $2850 - Capital gain ( $2850 - $2100 ) = $ 750   Djsoul80      ( Date: 10-Jun-2020 16:55) Posted: --- Post Removed by User ---
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michaeltan Master	10-Jun-2020 18:59        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Not really, you must look at other benefit that you are to SCI shares. Suppose buying 1000 SCI shares at $2.10 = $2100 entitled to 4500 SMM shares free. =$2100 -you own 1000 SCI shares + 4500 SMM shares  Suppose buying 1000 SMM shares at $0.61 = $600 + ($1000) ( 5000 shares X $0.20) =$1600 - you own 6000 SMM shares. Let say after the ex-right is overed. SMM $0.30 = 6000 X $0.30 = $1800 - Capital gain ( $1800 - $1600 ) = $200 SCI $1.50  = 1000 X $1.50 + (4500 X $0.30 = $1350) = $2850 - Capital gain ( $2850 - $2100 ) = $ 750   Djsoul80      ( Date: 10-Jun-2020 16:55) Posted: --- Post Removed by User ---
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UncleBobby Member	10-Jun-2020 18:54        UncleBobby About Contact  Quote this Post!
x 0   x 0  Alert Admin	The whole idea of this complex deal is really for temasek to take over sembmarine and subsequently merge with keppel . National interest at play as OG remains a key business interest In Singapore blue print Rem we are coming up w a Tuas mega port in the near future - 2021 We need a strong consolidated keppel / sembmarine for us to remain relevant So to me , survival is guaranteed . It?s all about how good is the deal when the merger comes in oct / nov etc
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gravity8888 Supreme	10-Jun-2020 18:50        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So anybody shorted this counters since so say the deal is unfair mm would like to hear some opinion..
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UncleBobby Member	10-Jun-2020 18:49        UncleBobby About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not completely true Usually the rights itself has a trading value as well So as a shareholder u can sell the rights too Conversely you have to buy the rights itself to subscribe for 20 cent shares ... ie higher than absolute 20 cents Elf2000      ( Date: 10-Jun-2020 18:42) Posted: Assume that if I buy 1 lot at the current closing price at $0.61 so I have to fork out 5 lots of rights share x $0.20 is $1000 and total share I have own now after the ex-rights are 1 lot($610.00) + 5 lots($1000.00) the total cost will be $1610.00 ÷ 6 lots = $0.27!🧐 so end up I paying more for the rights issue price🤔 ...correct me if I am wrong.
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Elf2000 Elite	10-Jun-2020 18:42        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Assume that if I buy 1 lot at the current closing price at $0.61 so I have to fork out 5 lots of rights share x $0.20 is $1000 and total share I have own now after the ex-rights are 1 lot($610.00) + 5 lots($1000.00) the total cost will be $1610.00 ÷ 6 lots = $0.27!🧐 so end up I paying more for the rights issue price🤔 ...correct me if I am wrong.
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desmodeus Veteran	10-Jun-2020 17:47        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Adjusted for the additional rights shares, the price is 29c. Still pricey any price above 40c. Moreover 5X more shares will flood the market. Even if the merger with Keppel materialise, do you think Keppel shareholders will agree at 61c.
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Djsoul80 Master	10-Jun-2020 17:04        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Precisely. Be it a shareholder of SCI or SMM, it's both very beneficial. For this, I thank Temasek holdings for the first time. I'm a shareholder of SCI.. I bought it at $1.41. I'll let it rollover the corporate action. As for SMM, I'm already loading and be accumulating more. I'm seeing that the Keppel O&M be a good deal as by then we will see better oil and gas pricing with the easing of the lockdown in few months time. weekaykee      ( Date: 10-Jun-2020 16:59) Posted: The main attraction for people buying into SMM from now onwards would be the upside from a very likely merger with Kepple O& M. I myself seriously considering doing a short term (6-12 mths) punt on SMM but when it goes ex-rights. alfredx      ( Date: 10-Jun-2020 15:42) Posted: Now everyone hold SMM or buy in SMM are prepare to subscribe the right.. Their mind keep thinking TMH won't let this ship sink so confirm ok to hold on.. But....... Nothing is CONFIRM... If next few Yr SMM still no contract or project they still need to pay salary, rent and supplier money.. TMH think still early to do the merge then will let SMM become penny or do another right then they can become white Knight..
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chanbs Elite	10-Jun-2020 17:01        chanbs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Long and Short squeeze narrower
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weekaykee Master	10-Jun-2020 16:59        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	The main attraction for people buying into SMM from now onwards would be the upside from a very likely merger with Kepple O& M. I myself seriously considering doing a short term (6-12 mths) punt on SMM but when it goes ex-rights. alfredx      ( Date: 10-Jun-2020 15:42) Posted: Now everyone hold SMM or buy in SMM are prepare to subscribe the right.. Their mind keep thinking TMH won't let this ship sink so confirm ok to hold on.. But....... Nothing is CONFIRM... If next few Yr SMM still no contract or project they still need to pay salary, rent and supplier money.. TMH think still early to do the merge then will let SMM become penny or do another right then they can become white Knight.. arctician1982      ( Date: 10-Jun-2020 15:32) Posted: no because when temasek privatization is announced, share price will converge to offer price and you have no chance to average down, you need to buy BEFORE they announce privatization and pray for the deal to happen For those who said this deal is lop sided and favour SCI SH, i agree.. so why not buy SCI and take advantage of the deal now? Worst case is to vote no and do nothing while hoping for a fairy tale ending
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