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SembCorp Marine- The new Frontier. Post Reply Rate topic
vicloo Supreme	18-Sep-2021 19:51        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Merger shares is from TH to keppel not scm to keppel. Think of it this way... TH has 2 sons, 1 call scm 1 call KOM. TH just put them under 1 house... Haha left pocket to right pocket no cost involved. Sgvale      ( Date: 18-Sep-2021 19:34) Posted: Hope for merger? Also hv to 倒 贴 Keppel.. Sgvale      ( Date: 18-Sep-2021 19:32) Posted: Got value, its parent Sembcorp Ind will also not abandon it la. To hold SM for long term recovery? The parent also see nothing can come out of it
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Sgvale Supreme	18-Sep-2021 19:34        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope for merger? Also hv to 倒 贴 Keppel.. Sgvale      ( Date: 18-Sep-2021 19:32) Posted: Got value, its parent Sembcorp Ind will also not abandon it la. To hold SM for long term recovery? The parent also see nothing can come out of it. Sgvale      ( Date: 18-Sep-2021 19:28) Posted: Without TH support. SM w no businesses visibility , staff costing, losses & protracted Covid situation already gone case like Linc Energy, Ezion , Swiber & Ezra. TH is not charitable holding. 8c or 10c just take la.
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Sgvale Supreme	18-Sep-2021 19:32        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got value, its parent Sembcorp Ind will also not abandon it la. To hold SM for long term recovery? The parent also see nothing can come out of it. Sgvale      ( Date: 18-Sep-2021 19:28) Posted: Without TH support. SM w no businesses visibility , staff costing, losses & protracted Covid situation already gone case like Linc Energy, Ezion , Swiber & Ezra. TH is not charitable holding. 8c or 10c just take la.
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Sgvale Supreme	18-Sep-2021 19:28        Sgvale About Contact  Quote this Post!
x 1   x 0  Alert Admin	Without TH support. SM w no businesses visibility , staff costing, losses & protracted Covid situation already gone case like Linc Energy, Ezion , Swiber & Ezra. TH is not charitable holding. 8c or 10c just take la.
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ahhuat08 Elite	18-Sep-2021 19:20        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	primarily due to BT' s article saying that MO/CO price would most probably be 8 cts, alot of forumers think cant be bothered to read in details of the BT report   camelhump      ( Date: 18-Sep-2021 19:12) Posted: Wow, rights results very positive in the morning to negative now....Amazing !
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chart_expert123 Master	18-Sep-2021 19:17        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Trade with care. do own due diligence, market like ipo like new company like new industry sector. Not because ipo, new company or new industry surely earn money, it is because new can let fund managers to speculate with unknown and foresee future for the new industry and push up share price to ridiculous price, they will make you believe this price is realistic and at the same time distribute the share to you at high price and return with your cash and saving. Look at nanofilm and Ifast, Sea Ltd(shoppee) in nasdaq and etc. Before that, it wad ezion, ezra and etc, before before that, it was China s chip. This is how big players playing the game. In opposite, those old and existing industry which is familiar, known with restrictive growth and not easy to speculate already left behind. Many in sgx. China gov already stepped in to stop all these speculation. Temasek already announced they will shift money back to sgx market. So do ur own diligence pick and choose rights company to buy. chart_expert123      ( Date: 18-Sep-2021 19:07) Posted: The share price is subjected to market sentiment and how new entity perform which is unpredictable. But 3 things I am quite confident it will come truth. New share will be issued and it will be 51% vs 49%. At the same time when Merger announced, they will announce share consolidation too. They won't let 62bil shares to be traded at cents level. They will make it higher price with less shares. The price set between 80 cents to 2 dollars are for 2 purposes, 1 is to become sgx components with 5bil market cap or higher, 2nd is if financial problem is still not improved and making loss, it will be easy to issue rights again. Very sad but I see many times. chart_expert123      ( Date: 18-Sep-2021 19:01) Posted: Should just stop misleading about MO at higher price. I saw this kind of post from 12.5 cents till 8 cents. Now mislead again for the Merger with keppel o&m, 20cents is not possible in near term. As I kept posting, the Merger will be given 500mio plus shares which I believe the amount of new shares given to keppel will be resulted as a 51% to49% ratio split between keppel Corp shareholders and sembmar shareholders. You as a sembmar shareholders refuse to be short change, keppel Corp shareholders won't be happy to be too. So as a 51% shares for 1.9billion value, total shares issued to keppel Corp shareholders will be around 31bil too, it will be a discounted price of 6.1 cents. It will be total of 62 bil shares after Merger and market cap shall be about 4.8 to 5bill subjected to market traded share price. If 20cents, it will be 20cents x 62bil. 12bil dollars market cap, it is more than keppel Corp 9bil now which is very unlikely in short term. It will only happen when new entity turn profitable and earn decent profit. Till Merger which i think next year 1st and 2nd half, share price will be between 5 to 11cents. A consolidation is highly likely to be 10 to 1 or 20 to 1 to make the new entity with total shares of 6.2 bil or 3.1 bil. Share price will be around 80 cents to 1 dollars or 1.60 to 2 dollars after consolidation. It will still be one of the sgx components and temasek holding 35% for new entity
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camelhump Senior	18-Sep-2021 19:12        camelhump About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, rights results very positive in the morning to negative now....Amazing !
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chart_expert123 Master	18-Sep-2021 19:07        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	The share price is subjected to market sentiment and how new entity perform which is unpredictable. But 3 things I am quite confident it will come truth. New share will be issued and it will be 51% vs 49%. At the same time when Merger announced, they will announce share consolidation too. They won't let 62bil shares to be traded at cents level. They will make it higher price with less shares. The price set between 80 cents to 2 dollars are for 2 purposes, 1 is to become sgx components with 5bil market cap or higher, 2nd is if financial problem is still not improved and making loss, it will be easy to issue rights again. Very sad but I see many times. chart_expert123      ( Date: 18-Sep-2021 19:01) Posted: Should just stop misleading about MO at higher price. I saw this kind of post from 12.5 cents till 8 cents. Now mislead again for the Merger with keppel o&m, 20cents is not possible in near term. As I kept posting, the Merger will be given 500mio plus shares which I believe the amount of new shares given to keppel will be resulted as a 51% to49% ratio split between keppel Corp shareholders and sembmar shareholders. You as a sembmar shareholders refuse to be short change, keppel Corp shareholders won't be happy to be too. So as a 51% shares for 1.9billion value, total shares issued to keppel Corp shareholders will be around 31bil too, it will be a discounted price of 6.1 cents. It will be total of 62 bil shares after Merger and market cap shall be about 4.8 to 5bill subjected to market traded share price. If 20cents, it will be 20cents x 62bil. 12bil dollars market cap, it is more than keppel Corp 9bil now which is very unlikely in short term. It will only happen when new entity turn profitable and earn decent profit. Till Merger which i think next year 1st and 2nd half, share price will be between 5 to 11cents. A consolidation is highly likely to be 10 to 1 or 20 to 1 to make the new entity with total shares of 6.2 bil or 3.1 bil. Share price will be around 80 cents to 1 dollars or 1.60 to 2 dollars after consolidation. It will still be one of the sgx components and temasek holding 35% for new entity. better      ( Date: 18-Sep-2021 18:36) Posted: Yes, that's right. Can offer any price higher than 8 cents, if they wish. As stated in the rights prospectus, their original intention is 8 cents but they said that they are free to change their mind just like any other investors. I think the offer is most probably Friday closing price of 8.4 cents. If the merger terms with Keppel OM is announced together, might be closer to 20 cents
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chart_expert123 Master	18-Sep-2021 19:01        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Should just stop misleading about MO at higher price. I saw this kind of post from 12.5 cents till 8 cents. Now mislead again for the Merger with keppel o&m, 20cents is not possible in near term. As I kept posting, the Merger will be given 500mio plus shares which I believe the amount of new shares given to keppel will be resulted as a 51% to49% ratio split between keppel Corp shareholders and sembmar shareholders. You as a sembmar shareholders refuse to be short change, keppel Corp shareholders won't be happy to be too. So as a 51% shares for 1.9billion value, total shares issued to keppel Corp shareholders will be around 31bil too, it will be a discounted price of 6.1 cents. It will be total of 62 bil shares after Merger and market cap shall be about 4.8 to 5bill subjected to market traded share price. If 20cents, it will be 20cents x 62bil. 12bil dollars market cap, it is more than keppel Corp 9bil now which is very unlikely in short term. It will only happen when new entity turn profitable and earn decent profit. Till Merger which i think next year 1st and 2nd half, share price will be between 5 to 11cents. A consolidation is highly likely to be 10 to 1 or 20 to 1 to make the new entity with total shares of 6.2 bil or 3.1 bil. Share price will be around 80 cents to 1 dollars or 1.60 to 2 dollars after consolidation. It will still be one of the sgx components and temasek holding 35% for new entity. better      ( Date: 18-Sep-2021 18:36) Posted: Yes, that's right. Can offer any price higher than 8 cents, if they wish. As stated in the rights prospectus, their original intention is 8 cents but they said that they are free to change their mind just like any other investors. I think the offer is most probably Friday closing price of 8.4 cents. If the merger terms with Keppel OM is announced together, might be closer to 20 cents. uiop1223      ( Date: 18-Sep-2021 18:18) Posted: Can. Min is 8cent
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Chagatai Veteran	18-Sep-2021 18:44        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	20 cents 😀 I think will have 2 more beers not even 7pm yet
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ahhuat08 Elite	18-Sep-2021 18:44        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	why would TH using public funds to offer a loss making company at 20 cts after merging with kom, it doesnt make any commercial sense better      ( Date: 18-Sep-2021 18:36) Posted: Yes, that's right. Can offer any price higher than 8 cents, if they wish. As stated in the rights prospectus, their original intention is 8 cents but they said that they are free to change their mind just like any other investors. I think the offer is most probably Friday closing price of 8.4 cents. If the merger terms with Keppel OM is announced together, might be closer to 20 cents. uiop1223      ( Date: 18-Sep-2021 18:18) Posted: Can. Min is 8cent
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MikeL2009 Senior	18-Sep-2021 18:39        MikeL2009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	OK. BT article writer shld hv written, 'TH has min offer price has to be 8 cts... What kinda of reporting? Shoddy write-up causing uncertainty, confusion!! uiop1223      ( Date: 18-Sep-2021 18:18) Posted: Can. Min is 8cents MikeL2009      ( Date: 18-Sep-2021 17:52) Posted: TH cannot offer higher than 8cts even if they wish to
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better Elite	18-Sep-2021 18:36        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, that's right. Can offer any price higher than 8 cents, if they wish. As stated in the rights prospectus, their original intention is 8 cents but they said that they are free to change their mind just like any other investors. I think the offer is most probably Friday closing price of 8.4 cents. If the merger terms with Keppel OM is announced together, might be closer to 20 cents. uiop1223      ( Date: 18-Sep-2021 18:18) Posted: Can. Min is 8cents MikeL2009      ( Date: 18-Sep-2021 17:52) Posted: TH cannot offer higher than 8cts even if they wish to
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Abe8888 Member	18-Sep-2021 18:29        Abe8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks! I guess I didn' t consider that excess application are also counted. PhillipTan      ( Date: 18-Sep-2021 18:05) Posted: Subscription rate based on entitlement maximum is 100% if everyone subscribes exactly to what they are entitled and no excess applications made If anyone didn' t subscribe, those unsubscribed rights shares will be under excess rights shares applications for those who applied over what they are entitled Example Only 80% of shareholder (TH included) applied for the entitlement Rest 20% will be up for excess rights shares applicants If (not including TH) eligible shareholders applied for excess of 40%, overall subscription will be 120% If including TH excess application of 20%, total excess rights shares application will be 60% Total subscription rate will be 140% (80% + 60%) oversubscribed But only 20% excess rights shares The 20% will be alloted to those 60%, meaning 33% chance of getting or TH getting 6.66% out of the 20% excess rights shares Hope the above example is simple enough to show how excess rights shares will still be available even when subscription rate is over 100%   Abe8888      ( Date: 18-Sep-2021 17:52) Posted: Sir, you said - " In the event where the overall subscription rate is above 100% (not taking their excess rights share application into consideration), they can still get some excess rights shares if they apply for excess rights shares" ... not sure if there is still excess shares if over-subscribed?? Perhaps, TH applied just enough excess to not be majority shareholder ie less than 50%. Also, I think Compliance Offer is just for compliance!! And it is 8 cts coz TH didn' t buy any higher than 8 cts.
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uiop1223 Supreme	18-Sep-2021 18:18        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can. Min is 8cents MikeL2009      ( Date: 18-Sep-2021 17:52) Posted: TH cannot offer higher than 8cts even if they wish to? MANFREDTMK      ( Date: 18-Sep-2021 17:14) Posted: In the news, offer price only 8 cents. All kena burne
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Sgvale Supreme	18-Sep-2021 18:08        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. The offer price from TH will be at 8c as per earlier reported in media. Report should be correct as there is no correction from all corncered parties thereafter. MANFREDTMK      ( Date: 18-Sep-2021 17:14) Posted: In the news, offer price only 8 cents. All kena burned PhillipTan      ( Date: 18-Sep-2021 16:34) Posted: Poorly subscribed in my opinion Average subscription will be 100% or more (not taking TH excess rights application into consideration) Very well subscription rates will be more than 150% or more
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PhillipTan Supreme	18-Sep-2021 18:05        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Subscription rate based on entitlement maximum is 100% if everyone subscribes exactly to what they are entitled and no excess applications made If anyone didn' t subscribe, those unsubscribed rights shares will be under excess rights shares applications for those who applied over what they are entitled Example Only 80% of shareholder (TH included) applied for the entitlement Rest 20% will be up for excess rights shares applicants If (not including TH) eligible shareholders applied for excess of 40%, overall subscription will be 120% If including TH excess application of 20%, total excess rights shares application will be 60% Total subscription rate will be 140% (80% + 60%) oversubscribed But only 20% excess rights shares The 20% will be alloted to those 60%, meaning 33% chance of getting or TH getting 6.66% out of the 20% excess rights shares Hope the above example is simple enough to show how excess rights shares will still be available even when subscription rate is over 100%   Abe8888      ( Date: 18-Sep-2021 17:52) Posted: Sir, you said - " In the event where the overall subscription rate is above 100% (not taking their excess rights share application into consideration), they can still get some excess rights shares if they apply for excess rights shares" ... not sure if there is still excess shares if over-subscribed?? Perhaps, TH applied just enough excess to not be majority shareholder ie less than 50%. Also, I think Compliance Offer is just for compliance!! And it is 8 cts coz TH didn' t buy any higher than 8 cts.   PhillipTan      ( Date: 18-Sep-2021 16:31) Posted: This is just a MGO which is a requirement TH needs to fulfill, but we can choose to accept or not to accept I don' t think TH is interested in delisting SM, so most probably they will just put the offer at 8 cents. TH already pledged to buy the excess rights shares up to $1 billion / 67% if no one subscribes. So even if they did not make the excess rights shares application, they will still get the excess rights shares of 1.2b. The excess rights shares application of 4.6b serves two purposes - In the event where the overall subscription rate is above 100% (not taking their excess rights share application into consideration), they can still get some excess rights shares if they apply for excess rights shares - In the event where the overall subscription rate is below 100% (not taking their excess rights share application into consideration), this rights issue will not look so bad to the public as TH will be artificially pumping the overall subscription rate to more than 100% One stone kills two birds I guess
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MikeL2009 Senior	18-Sep-2021 17:57        MikeL2009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BT article seems to imply TH offer has to be 8 cts same as rights price. Its a requirement, cannot be more? ysh2006      ( Date: 18-Sep-2021 17:23) Posted: Temasek MO set to be 8c BT today newspaper read....if applied more excess application can resell back to Temasek cash return less broker' s commission. ysh2006      ( Date: 18-Sep-2021 15:40) Posted: If Temasek don' t want we all to sell all to her, it can offer MO at 8c and behind push up to 8.6 to 8.8c hold it till offer expired...
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Abe8888 Member	18-Sep-2021 17:52        Abe8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sir, you said - " In the event where the overall subscription rate is above 100% (not taking their excess rights share application into consideration), they can still get some excess rights shares if they apply for excess rights shares" ... not sure if there is still excess shares if over-subscribed?? Perhaps, TH applied just enough excess to not be majority shareholder ie less than 50%. Also, I think Compliance Offer is just for compliance!! And it is 8 cts coz TH didn' t buy any higher than 8 cts.   PhillipTan      ( Date: 18-Sep-2021 16:31) Posted: This is just a MGO which is a requirement TH needs to fulfill, but we can choose to accept or not to accept I don' t think TH is interested in delisting SM, so most probably they will just put the offer at 8 cents. TH already pledged to buy the excess rights shares up to $1 billion / 67% if no one subscribes. So even if they did not make the excess rights shares application, they will still get the excess rights shares of 1.2b. The excess rights shares application of 4.6b serves two purposes - In the event where the overall subscription rate is above 100% (not taking their excess rights share application into consideration), they can still get some excess rights shares if they apply for excess rights shares - In the event where the overall subscription rate is below 100% (not taking their excess rights share application into consideration), this rights issue will not look so bad to the public as TH will be artificially pumping the overall subscription rate to more than 100% One stone kills two birds I guess   chart_expert123      ( Date: 18-Sep-2021 16:20) Posted: Under Rule 14.1 of the Take-over Code, any entity controlling 30 to 50 per cent of a company must make a mandatory general offer if it raises its interest by more than 1 per cent within a period of six months. Before that temasek already hold 43% which mean 1st rights at 20 cents, temasek already had 1 chance to offer MO when their shares increased to 43%. This time, they are forced to increased to clear the excess right. Or who else is willing to pay for the 6% excess rights? Sell It to open market? 1.27bil shares to open market, really can see 5 cents
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MikeL2009 Senior	18-Sep-2021 17:52        MikeL2009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TH cannot offer higher than 8cts even if they wish to? MANFREDTMK      ( Date: 18-Sep-2021 17:14) Posted: In the news, offer price only 8 cents. All kena burned PhillipTan      ( Date: 18-Sep-2021 16:34) Posted: Poorly subscribed in my opinion Average subscription will be 100% or more (not taking TH excess rights application into consideration) Very well subscription rates will be more than 150% or more
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