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TA_Expert Supreme	10-Jun-2020 16:27        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	There are ways to restructure corporate debts. Just look at how SIA raised $15b to cover herself for the next few years. SMM only need to raise about $4b, much lesser than SIA. SMM could use the same ex. as SIA, i.e. rights and MCB. MCB to lock-in for 10 years like SIA. Why let Temasek and SCI shareholders ripe off SMM' s shareholders? SCI shareholders are laughing their way to the banks for getting free SMM shares.
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arctician1982 Senior	10-Jun-2020 16:07        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro you need to read the 3 documents attached in sgx, its 5 for 1 existing shares and each right shares is 20c. So if you have 2 lots of SMM you need fork out $2K. Then your average price per share assuming if you bought around $2.50-$3 become 60c+ 1c2e3s      ( Date: 10-Jun-2020 16:05) Posted: sorry how much i need to pay for the right? i confused arctician1982      ( Date: 10-Jun-2020 15:54) Posted: but just now still got ppl say will vote no and will reject right issue because its capital intensive and the deal heavily favour SCI investors Even if you vote no, SMM will need to do a recapitalization exercise somewhat somehow, its either company asset sales or rights issue to raise the $4b+ liabilities, its better to accept rights now and wipe out the debts with temasek as a backer rather than vote no and wait for hope, as long as temasek has direct interests SMM wont collapse and with soverign backing they can win contracts again Best thing is for SH like me with 2 lots @$3, i got real chance of breaking even because i can subscribe to excess at 0.20c, this to me is not hope but tangible action plan that can let me exit
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1c2e3s Veteran	10-Jun-2020 16:05        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	sorry how much i need to pay for the right? i confused arctician1982      ( Date: 10-Jun-2020 15:54) Posted: but just now still got ppl say will vote no and will reject right issue because its capital intensive and the deal heavily favour SCI investors Even if you vote no, SMM will need to do a recapitalization exercise somewhat somehow, its either company asset sales or rights issue to raise the $4b+ liabilities, its better to accept rights now and wipe out the debts with temasek as a backer rather than vote no and wait for hope, as long as temasek has direct interests SMM wont collapse and with soverign backing they can win contracts again Best thing is for SH like me with 2 lots @$3, i got real chance of breaking even because i can subscribe to excess at 0.20c, this to me is not hope but tangible action plan that can let me exit   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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arctician1982 Senior	10-Jun-2020 15:54        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	but just now still got ppl say will vote no and will reject right issue because its capital intensive and the deal heavily favour SCI investors Even if you vote no, SMM will need to do a recapitalization exercise somewhat somehow, its either company asset sales or rights issue to raise the $4b+ liabilities, its better to accept rights now and wipe out the debts with temasek as a backer rather than vote no and wait for hope, as long as temasek has direct interests SMM wont collapse and with soverign backing they can win contracts again Best thing is for SH like me with 2 lots @$3, i got real chance of breaking even because i can subscribe to excess at 0.20c, this to me is not hope but tangible action plan that can let me exit   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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1c2e3s Veteran	10-Jun-2020 15:45        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	does favor ppl who having 2 semb stock like me?   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. 1c2e3s      ( Date: 10-Jun-2020 14:50) Posted: --- Post Removed by User ---
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alfredx Senior	10-Jun-2020 15:42        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	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. 1c2e3s      ( Date: 10-Jun-2020 14:50) Posted: --- Post Removed by User ---
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arctician1982 Senior	10-Jun-2020 15:32        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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. 1c2e3s      ( Date: 10-Jun-2020 14:50) Posted: --- Post Removed by User ---
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Djsoul80 Master	10-Jun-2020 15:06        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think for now, trading price for SMM be safe at anything above 600. I'm holding SCI to get free SMM. Accumulating SMM to subscribe SMM rights.. And will wait for keppel O&M marger. 1c2e3s      ( Date: 10-Jun-2020 15:00) Posted: --- Post Removed by User ---
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michaeltan Master	10-Jun-2020 15:00        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Look like you are very confident of SMM future pospects right? Then it will be better for you to own more shares thru rights issue ($0.20/share) isn' t it? The SMM share price already been bitten down from $0.85 cents yesterday.  Possibility merger with KOM $5.5 billion order book value will be a positive signs in marine sector    1c2e3s      ( Date: 10-Jun-2020 14:42) Posted: why u so confident about this deal? better      ( Date: 10-Jun-2020 12:40) Posted: I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks. There are selling pressure coming from likely  fund managers/ institutions who want to sell. There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now  to vote against the rights issue, which is what I will be doing as well. First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question. Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape. Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal. So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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alfredx Senior	10-Jun-2020 14:50        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	It all guessing game... Last time when TMH said raise stake at keppel all thinking about it.. But up till now SMM share holder suffer from it.. No one know or sure when TMH going to do next.. If they make Semb marine become penny as no project or contract.. by that time then come and take over? michaeltan      ( Date: 10-Jun-2020 14:41) Posted: I believe the demerger between SCI & SMM will be the best win-win solution. With $2.1 billion rights issue ( $1.5billion off set from SCI loan + 600million cash injection from Temasek ) Once Temasek has successfully raise stake of 51% Keppel Corp. Possibility Keppel Corp will be asked to take over SMM and merge with KOM. 1c2e3s      ( Date: 10-Jun-2020 13:57) Posted: ya i can calculate, so if let today trade ends at 0.80 for scm and temasek privatize , it would be lesser than 0.80 ?
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deviljin Member	10-Jun-2020 14:47        deviljin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sold all my SCM. There is so much uncertainty. It is better to switch to stocks with greater upside and certainty - more assured TSR. SCM either win big or lose big... very speculative.
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1c2e3s Veteran	10-Jun-2020 14:42        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	why u so confident about this deal? better      ( Date: 10-Jun-2020 12:40) Posted: I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks. There are selling pressure coming from likely  fund managers/ institutions who want to sell. There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now  to vote against the rights issue, which is what I will be doing as well. First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question. Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape. Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal. So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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michaeltan Master	10-Jun-2020 14:41        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I believe the demerger between SCI & SMM will be the best win-win solution. With $2.1 billion rights issue ( $1.5billion off set from SCI loan + 600million cash injection from Temasek ) Once Temasek has successfully raise stake of 51% Keppel Corp. Possibility Keppel Corp will be asked to take over SMM and merge with KOM. 1c2e3s      ( Date: 10-Jun-2020 13:57) Posted: ya i can calculate, so if let today trade ends at 0.80 for scm and temasek privatize , it would be lesser than 0.80 ?
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1c2e3s Veteran	10-Jun-2020 14:36        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	but all phama healthcare aldy by now is on mometum rally liao zillion      ( Date: 10-Jun-2020 13:11) Posted: Good idea. Covid19 is here to stay so medical and pharmaceuticals counters will have rotational play. Which ones? Grubber      ( Date: 10-Jun-2020 12:53) Posted: last warning, dump this and play medical counter, let watch
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Djsoul80 Master	10-Jun-2020 14:13        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like it's being supported keeping at price range 0.60 to 635. Shortlist covering?
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arctician1982 Senior	10-Jun-2020 14:02        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	no it will be 20-30% more, probably $1.10 max. You see those who bought below $1 sure shouting for privatization because they can take quick profits, or they have no cash to do a rights action...but it doesnt benefit long term shareholders who bought higher. I will be Ok with the rights because i can subscribe to excess rights at 20c, and SMM can wipe out the debts with temasek as direct shareholder. Plus got potential Keppel consolidation. In short everyone has vested interests, best to think logically and assess for yourself.
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1c2e3s Veteran	10-Jun-2020 13:57        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya i can calculate, so if let today trade ends at 0.80 for scm and temasek privatize , it would be lesser than 0.80 ?
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arctician1982 Senior	10-Jun-2020 13:51        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	generally for privatization, its at 20-40% of last traded price, in 2002 Sembcorp offer to privatize SMM at $1.10 when it was trading at $0.895. its on the news. Last week when halt ppl already speculating to privatize a $1.1-1.30. Nett nett privatization wont hep u avoid your losses if you buy at $2 or above. 1c2e3s      ( Date: 10-Jun-2020 13:46) Posted: where you get this $1 figure ?
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arctician1982 Senior	10-Jun-2020 13:48        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	also there is no option to average down now and lower my price, because with $4b debt overhang who will average down now. i rather average down when right issue is complete and debts are wiped out, or when temasek has direct interests in SMM, thats why i think everyone has to make objective assessment if this rights issue is good or bad for you, dont be influenced just because others are voting yes or no arctician1982      ( Date: 10-Jun-2020 13:37) Posted: of course mate, by privatising Temasek has to take on all the debts and also pay a premium 20-30% to last traded price, thats around $1+ but it wont rescue every single shareholder, you still have to realize your losses if you bought at $2..i think alot ppl shouting for privatization at premium but this only benefit those who bought below $1. If no rights and reject privatization, only route is insolvency because no way to pay the debts As a SMM shareholders must think rationally which option help u to minimize the losses or exit with profit. Since i have 2 lots at $3, i rather they do rights so my average cost can become 60c, then with keppel consolidation i may be able to breakeven.  if i vote no because of the massive dilution, how can i ever recover my 2 lots@$3?  1c2e3s      ( Date: 10-Jun-2020 13:26) Posted: can you elaborate? if i bought at $2, temasek can privatise at $1
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1c2e3s Veteran	10-Jun-2020 13:46        1c2e3s About Contact  Quote this Post!
x 0   x 0  Alert Admin	where you get this $1 figure ?
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