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SembCorp Marine- The new Frontier. Post Reply Rate topic
ysh2006 Supreme	18-Sep-2021 17:23        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.... ysh2006      ( Date: 18-Sep-2021 12:49) Posted: You mean MO at 8c may not be successful so BB ramp up price to void the MO ?..
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MANFREDTMK Master	18-Sep-2021 17:14        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	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   MikeL2009      ( Date: 18-Sep-2021 16:25) Posted: So is this considered good or lacklustre or poorly subscribed
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desmodeus Veteran	18-Sep-2021 17:10        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol Chagatai      ( Date: 18-Sep-2021 16:57) Posted: New entity name is Kek Sim marine
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chart_expert123 Master	18-Sep-2021 17:06        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	I would rather see keppel o&m pte ltd and forget about sembawang. Company which hold sembawang name are either close shop or dumping rubbish now. Keppel, great name equal to successful. Chagatai      ( Date: 18-Sep-2021 16:57) Posted: New entity name is Kek Sim marine
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Chagatai Veteran	18-Sep-2021 16:57        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	New entity name is Kek Sim marine
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TA_Expert Supreme	18-Sep-2021 16:52        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Doesn' t matter anymore. All eyes are on the new SMM + KOM new entity.   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   MikeL2009      ( Date: 18-Sep-2021 16:25) Posted: So is this considered good or lacklustre or poorly subscribed
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MikeL2009 Senior	18-Sep-2021 16:44        MikeL2009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks! It's anybody's guesss how market will react. 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   MikeL2009      ( Date: 18-Sep-2021 16:25) Posted: So is this considered good or lacklustre or poorly subscribed
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PhillipTan Supreme	18-Sep-2021 16:34        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	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   MikeL2009      ( Date: 18-Sep-2021 16:25) Posted: So is this considered good or lacklustre or poorly subscribed? PhillipTan      ( Date: 18-Sep-2021 16:09) Posted: Overall subscription rate = 117.7% (84.2% + 33.5%) Quite close to my initial guess lol
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vicloo Supreme	18-Sep-2021 16:31        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Expected performance, at least still within max 67% range for TH. DBS No need to step in. MikeL2009      ( Date: 18-Sep-2021 16:25) Posted: So is this considered good or lacklustre or poorly subscribed? PhillipTan      ( Date: 18-Sep-2021 16:09) Posted: Overall subscription rate = 117.7% (84.2% + 33.5%) Quite close to my initial guess lol
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PhillipTan Supreme	18-Sep-2021 16:31        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	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. chart_expert123      ( Date: 18-Sep-2021 16:14) Posted: Temasek make it look nice lah. Exclude temasek excess right, it is 94% which is slightly better than last right 90%.
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Chagatai Veteran	18-Sep-2021 16:28        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think I will have another beer
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MikeL2009 Senior	18-Sep-2021 16:25        MikeL2009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So is this considered good or lacklustre or poorly subscribed? PhillipTan      ( Date: 18-Sep-2021 16:09) Posted: Overall subscription rate = 117.7% (84.2% + 33.5%) Quite close to my initial guess lol   PhillipTan      ( Date: 14-Sep-2021 12:20) Posted: I took most of my rights Didn' t apply the remaining ones so that i have a full lot for ease of selling next time Didn' t apply for excess too Around 2.5b rights sold, my guess would be around 110% subscription rate Good luck guys
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chart_expert123 Master	18-Sep-2021 16:20        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	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. chart_expert123      ( Date: 18-Sep-2021 16:14) Posted: Temasek make it look nice lah. Exclude temasek excess right, it is 94% which is slightly better than last right 90%. PhillipTan      ( Date: 18-Sep-2021 16:09) Posted: Overall subscription rate = 117.7% (84.2% + 33.5%) Quite close to my initial guess lol
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chart_expert123 Master	18-Sep-2021 16:14        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Temasek make it look nice lah. Exclude temasek excess right, it is 94% which is slightly better than last right 90%. PhillipTan      ( Date: 18-Sep-2021 16:09) Posted: Overall subscription rate = 117.7% (84.2% + 33.5%) Quite close to my initial guess lol   PhillipTan      ( Date: 14-Sep-2021 12:20) Posted: I took most of my rights Didn' t apply the remaining ones so that i have a full lot for ease of selling next time Didn' t apply for excess too Around 2.5b rights sold, my guess would be around 110% subscription rate Good luck guys
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PhillipTan Supreme	18-Sep-2021 16:09        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Overall subscription rate = 117.7% (84.2% + 33.5%) Quite close to my initial guess lol   PhillipTan      ( Date: 14-Sep-2021 12:20) Posted: I took most of my rights Didn' t apply the remaining ones so that i have a full lot for ease of selling next time Didn' t apply for excess too Around 2.5b rights sold, my guess would be around 110% subscription rate Good luck guys
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PhillipTan Supreme	18-Sep-2021 16:07        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Temasek to take up 49% of Sembmarine rights issue compliance offer expected Temasek Holdings will take up 49.3 per cent of Sembcorp Marine (Sembmarine)' s rights issue, which means it will need to make a compliance offer for all shares of Sembmarine that it does not already own. In a statement late on Friday night, Sembmarine announced its rights issue had closed on Sept 14 with valid acceptances for 15.9 billion or 84.2 per cent of the rights shares on offer. Excess applications were made for 6.3 billion rights shares, or 33.5 per cent of the total rights shares available. The acceptances and applications include those of Startree Investments, a wholly owned unit of Temasek, for 12.6 billion of the rights shares. Temasek will receive its pro rata allotment of 8 billion as well as excess allotments of 1.2 billion shares, for a total of 9.3 billion shares. This would take Temasek' s stake in Sembmarine to 46.6 per cent. When the offer information statement was released, Temasek held 42.6 per cent of Sembmarine. 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. The rights shares are expected to be credited on or around Sept 22, and trading of these shares will commence from 9am on Sept 22. Shares of Sembmarine closed Friday at 8.4 Singapore cents each, up 0.1 cent for the day or 1.2 per cent. Sembmarine said it expects Startree will announce its intention to make the compliance offer upon allotment and issuance. Temasek' s offer price must be the same as the rights issue price of 8 cents per share. At the time of the rights issue announcement, Temasek had said it did not intend to seek a whitewash waiver on its obligation to make on its offer for Sembmarine. In a statement, Sembmarine' s chairman Mohd Hassan Marican thanked shareholders for their support of the rights issue.
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PhillipTan Supreme	18-Sep-2021 16:05        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	In a statement late on Friday night, Sembmarine announced its rights issue had closed on Sept 14 with valid acceptances for 15.9 billion or 84.2 per cent of the rights shares on offer. Excess applications were made for 6.3 billion rights shares, or 33.5 per cent of the total rights shares available. The acceptances and applications include those of Startree Investments, a wholly owned unit of Temasek, for 12.6 billion of the rights shares. Temasek will receive its pro rata allotment of 8 billion as well as excess allotments of 1.2 billion shares, for a total of 9.3 billion shares. Above is extracted from the news release. And my understand as explained below. Valid acceptances (as per allocated rights) - 84.2% Excess applications - 33.5% Overall subscription rate = 117.7% (84.2% + 33.5%) TH applied 12.6b rights shares Received as per entitled = 8b rights shares Excess rights received = 1.2b rights shares If overall subscription rate is less than 100%, they will take all the rest of the rights shares which are not applied But  TH had expected subscription rate to be above 100% That is why they applied for 4.6b excess shares (12.6b - 8b = 4.6b), so that they can get excess shares in the event subscription rate is more than 100% If TH did not apply for excess rights shares, overall subscription rate will only be at around 93%-94% So all other excess applications got their excess rights shares And TH  received 1.2b of the remaining rights shares which are not applied at around 6% plus
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alexmay34 Veteran	18-Sep-2021 16:00        alexmay34 About Contact  Quote this Post!
x 0   x 0  Alert Admin	See sgx smm announcement today,   all rights taken up.so share price go up Monday.? Haha, I only tikam 500000 shares wish me luck!
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vicloo Supreme	18-Sep-2021 15:42        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keep scm listed is what most investor wants... Many hold since 20+c...if delist at 12c..many will lose lot of money permanently like smrt last time many kena burn... Not a good thing. chart_expert123      ( Date: 18-Sep-2021 14:15) Posted: The statement is part of the content in business time. So, temasek has rights to make the compliance offer at right issue price at 8cents and temasek already confirmed not intent to do so and keep sembmar listed. vicloo      ( Date: 18-Sep-2021 14:01) Posted: So TH just buy up unwanted 6% rights shares at 8c per share. That's it right? Why Temasek pay more than other rights owner... Doesn't make any sense.
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ysh2006 Supreme	18-Sep-2021 15:40        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.... ysh2006      ( Date: 18-Sep-2021 12:49) Posted: You mean MO at 8c may not be successful so BB ramp up price to void the MO ?... SmallSmall      ( Date: 18-Sep-2021 12:11) Posted: Those who did not subscribe thinking to buy below $0.08 will probably scramble to average their high cost holdings on Monday. $0.085 -   $0.088 expected I guess.
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