Back

Latest Forum Topics / Seatrium    Last:0.091 --

Post Reply

SembCorp Marine- The new Frontier. Post Reply Rate topic
Speediman Veteran	16-Sep-2021 12:12        Speediman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont buy the rights, screw yourself because it is cheap.  Buy the rights, give them the chance to screw you 1 more time as the price of the shares is likely to sink below 0.8cts just like the previous round sank below 20cts.  The mgmt needs to be changed wholesale to have a breath of fresh air.  I cannot see them doing anything new to turn the fortunes of this sinking ship.
Useful To Me  Not Useful To Me
weekaykee Master	16-Sep-2021 12:04        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	The current price of around 8.3 cts could be indicating that a MO is likely but as TH has hinted (to keep SMM listed), is not going to be attractive.  ahbui8      ( Date: 16-Sep-2021 11:52) Posted: Those vested are all believing that the MO will be fair and reasonable just like me. But what really puzzling me now is the current mother share price, still so low nearing the right price, mean market don' t see the MO is going to happen. Longtermer      ( Date: 16-Sep-2021 11:38) Posted: Agree.. Any MO by TH should be at least 50% more than the current 8c right issue. It is still lower than the NAV and VWAP. Patience is key..
Useful To Me  Not Useful To Me
Chagatai Veteran	16-Sep-2021 11:53        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Challenging anyone to dare in the stock market is ridiculous. Everyone has their own reasons no right no wrong just share thoughts knowledge info critically is Enough
Useful To Me  Not Useful To Me
stanleytay Master	16-Sep-2021 11:53        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	I brought up this point two days ago. beng1102      ( Date: 16-Sep-2021 11:49) Posted: If the probability is high why would anyone wait till 22nd.  U should short now and profit from it handsome after 22nd. newbie19      ( Date: 16-Sep-2021 10:50) Posted: You only live once................Don`t slip away your chance to MAKE money....
Useful To Me  Not Useful To Me
ahbui8 Master	16-Sep-2021 11:52        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those vested are all believing that the MO will be fair and reasonable just like me. But what really puzzling me now is the current mother share price, still so low nearing the right price, mean market don' t see the MO is going to happen. Longtermer      ( Date: 16-Sep-2021 11:38) Posted: Agree.. Any MO by TH should be at least 50% more than the current 8c right issue. It is still lower than the NAV and VWAP. Patience is key..   ICXGOLD      ( Date: 16-Sep-2021 11:35) Posted: VWAP is 15 cents NAV 30+ And that explains why the price is stuck at 8 cents. The only way TH can make a low ball offer is using CMP as the rationale behind their offer and so to bid under NAV they need the CMP to be super low. To say the offer is say 60% or 80% above CMP but pretty sure TH won' t risk negative publicity by trying to squeeze minority Shareholders in a company they own 67% and need to only pay 33% shareholders. The Minimum MO would be a close to 6 month VWAP and the higher end is anyones guess. An MO of 16 cents will coat TH 1B and 24 Cents will cost TH 1.5B. And 32cents will cost TH 2B. In all these scenarios the cost is well under the money saved by not taking over KO
Useful To Me  Not Useful To Me
beng1102 Elite	16-Sep-2021 11:49        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the probability is high why would anyone wait till 22nd.  U should short now and profit from it handsome after 22nd. newbie19      ( Date: 16-Sep-2021 10:50) Posted: You only live once................Don`t slip away your chance to MAKE money....   share456      ( Date: 16-Sep-2021 10:17) Posted: wait for billions of right shares to trade on 22/09. the share price might drop below 8 cents
Useful To Me  Not Useful To Me
bystander1965 Supreme	16-Sep-2021 11:46        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	What I am commenting has nothing to do with the price today. The price today has a lot to do with the rights, not the potential merger.   chart_expert123      ( Date: 16-Sep-2021 11:43) Posted: which terms you refer to? if there is such term, share price won' t be trading close to right price now.  bystander1965      ( Date: 16-Sep-2021 11:34) Posted: Based on your comment on the $ amount involved and how the shares will be issued (if needed), it is obvious you are shooting from the hips and did not read the terms properly. I am not defending SCM as I have no interests atm and is still observing. Good to share but do not be bias especially if one is not vested long or short.
Useful To Me  Not Useful To Me
stanleytay Master	16-Sep-2021 11:44        stanleytay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree.. Those people saying they are long term holders then within 6mths all cut loss and turn against SMM now.  bystander1965      ( Date: 16-Sep-2021 11:41) Posted: Anyway, the merger with KOM is a long shot. It' s not going to happen any time soon. It may not materialise at all for all we know. I have said many moons ago SCM is in no position to do acquisition and if it does it would be detrimental to the SH. So the reality has shown us the answer. Back then a lot of people were clamouring for it to happen, many are not around anymore and one I remember very well has switched camp and now is hammering SCM virtually daily, hourly. . I guess back then it was just hyping by a lot of ST traders hoping to make quick bucks.
Useful To Me  Not Useful To Me
chart_expert123 Master	16-Sep-2021 11:43        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	which terms you refer to? if there is such term, share price won' t be trading close to right price now.  bystander1965      ( Date: 16-Sep-2021 11:34) Posted: Based on your comment on the $ amount involved and how the shares will be issued (if needed), it is obvious you are shooting from the hips and did not read the terms properly. I am not defending SCM as I have no interests atm and is still observing. Good to share but do not be bias especially if one is not vested long or short.   chart_expert123      ( Date: 16-Sep-2021 11:16) Posted: Merger, Sembmar has to issue new shares to Keppel corp share holders. If keppel O& M market value is 3Bil. It will be 500mio +2.5Bil worth shares. based on 8cents, it will be 31Bil shares. Plus existing 31Bil, it is 62Bil which make market cap SGD 5Bil. Keppel corp currently 9.5bil. 30cents with 62bil shares is SGD18.6Bil. In past 10 years, Temasek only privatised SMRT. Recent case, is make use of keppel of privatise SPH, before than is keppel and SPH private M1. NOL and Chartered Semicon were sold.
Useful To Me  Not Useful To Me
bystander1965 Supreme	16-Sep-2021 11:41        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Anyway, the merger with KOM is a long shot. It' s not going to happen any time soon. It may not materialise at all for all we know. I have said many moons ago SCM is in no position to do acquisition and if it does it would be detrimental to the SH. So the reality has shown us the answer. Back then a lot of people were clamouring for it to happen, many are not around anymore and one I remember very well has switched camp and now is hammering SCM virtually daily, hourly. . I guess back then it was just hyping by a lot of ST traders hoping to make quick bucks.
Useful To Me  Not Useful To Me
Longtermer Elite	16-Sep-2021 11:38        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	Agree.. Any MO by TH should be at least 50% more than the current 8c right issue. It is still lower than the NAV and VWAP. Patience is key..   ICXGOLD      ( Date: 16-Sep-2021 11:35) Posted: VWAP is 15 cents NAV 30+ And that explains why the price is stuck at 8 cents. The only way TH can make a low ball offer is using CMP as the rationale behind their offer and so to bid under NAV they need the CMP to be super low. To say the offer is say 60% or 80% above CMP but pretty sure TH won' t risk negative publicity by trying to squeeze minority Shareholders in a company they own 67% and need to only pay 33% shareholders. The Minimum MO would be a close to 6 month VWAP and the higher end is anyones guess. An MO of 16 cents will coat TH 1B and 24 Cents will cost TH 1.5B. And 32cents will cost TH 2B. In all these scenarios the cost is well under the money saved by not taking over KOM ICXGOLD      ( Date: 16-Sep-2021 11:19) Posted: A Mandatory offer for 40 cents is a bit far fetched, and a Mandatory offer for 8 cents is ridiculous. Based on market standards and previous MO on SGX, the offeror has to also provide a rational behind the offer as to why shareholders must accept this generous offer. And that part of the document is based on few things: 1) NAV 2) VWAP ( 6 M ) 3) Last Traded Price before offer. So TH wont be just pulling 8 cents out of a Bag but must make a case for it. And that Document which is expected next week would read something like this : RATIONALE FOR THE OFFER Opportunity for Shareholders to Realise their Entire Investment in Cash at a Compelling  Price and Favourable Valuation Without Incurring Brokerage Costs The prevailing economic environment is uncertain due to the ongoing COVID-19 pandemic.  The Offer represents an opportunity for Shareholders to realise their investment in the Shares  at a premium to historical market prices: (a) The Offer Price is at a significant premium to the NAV per Share and prevailing Share  prices over the last 12 months The Offer presents Shareholders with a clean cash exit opportunity to realise their  entire investment at a significant premium over the prevailing benchmark prices of the  Shares without incurring brokerage and other trading costs. The Offer Price represents a premium of approximately: (i) 150% over the net asset value (" NAV" ) per Share as of 30 June 2021 (ii) 60% over the last transacted price per Share of S$ on 17 September  2021, being the last full Market Day on which the Shares were transacted prior  to the Offer Announcement Date (the " Last Trading Day" ) and (iii) 23.2%, 42.3%, 50.6% and 62.5% over the volume weighted average price (" VWAP" ) per Share for the one (1)-month, three (3)-month, six (6)-month and  12-month periods, respectively, up to and including the Last Trading Day. Based on this we can see a Offer of 8 cents is not rational and please dont get caught out sitting on the sidelines when the offer would come in early next week
Useful To Me  Not Useful To Me
bystander1965 Supreme	16-Sep-2021 11:37        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 1   x 0  Alert Admin	I kinda wonder why would one subscribe 8c and sell at 8.1c or 8.2c? At 8.1c still losing money. Selling at these prices after going through the hassle of subscirbing it baffling to me. Might as well just sell the rights on the 1st day. Could have made more and would not have to cough up the capital. So if it really sinks below 8c, is it really the selling or the players are trying to shake, or shortists at work? Just wondering out loud.   Chagatai      ( Date: 16-Sep-2021 11:06) Posted: So beyond sept 22 there is still the next 6 mths to watch and see eventually 8 will be History
Useful To Me  Not Useful To Me
ICXGOLD Master	16-Sep-2021 11:35        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	VWAP is 15 cents NAV 30+ And that explains why the price is stuck at 8 cents. The only way TH can make a low ball offer is using CMP as the rationale behind their offer and so to bid under NAV they need the CMP to be super low. To say the offer is say 60% or 80% above CMP but pretty sure TH won' t risk negative publicity by trying to squeeze minority Shareholders in a company they own 67% and need to only pay 33% shareholders. The Minimum MO would be a close to 6 month VWAP and the higher end is anyones guess. An MO of 16 cents will coat TH 1B and 24 Cents will cost TH 1.5B. And 32cents will cost TH 2B. In all these scenarios the cost is well under the money saved by not taking over KOM ICXGOLD      ( Date: 16-Sep-2021 11:19) Posted: A Mandatory offer for 40 cents is a bit far fetched, and a Mandatory offer for 8 cents is ridiculous. Based on market standards and previous MO on SGX, the offeror has to also provide a rational behind the offer as to why shareholders must accept this generous offer. And that part of the document is based on few things: 1) NAV 2) VWAP ( 6 M ) 3) Last Traded Price before offer. So TH wont be just pulling 8 cents out of a Bag but must make a case for it. And that Document which is expected next week would read something like this : RATIONALE FOR THE OFFER Opportunity for Shareholders to Realise their Entire Investment in Cash at a Compelling  Price and Favourable Valuation Without Incurring Brokerage Costs The prevailing economic environment is uncertain due to the ongoing COVID-19 pandemic.  The Offer represents an opportunity for Shareholders to realise their investment in the Shares  at a premium to historical market prices: (a) The Offer Price is at a significant premium to the NAV per Share and prevailing Share  prices over the last 12 months The Offer presents Shareholders with a clean cash exit opportunity to realise their  entire investment at a significant premium over the prevailing benchmark prices of the  Shares without incurring brokerage and other trading costs. The Offer Price represents a premium of approximately: (i) 150% over the net asset value (" NAV" ) per Share as of 30 June 2021 (ii) 60% over the last transacted price per Share of S$ on 17 September  2021, being the last full Market Day on which the Shares were transacted prior  to the Offer Announcement Date (the " Last Trading Day" ) and (iii) 23.2%, 42.3%, 50.6% and 62.5% over the volume weighted average price (" VWAP" ) per Share for the one (1)-month, three (3)-month, six (6)-month and  12-month periods, respectively, up to and including the Last Trading Day. Based on this we can see a Offer of 8 cents is not rational and please dont get caught out sitting on the sidelines when the offer would come in early next week
Useful To Me  Not Useful To Me
bystander1965 Supreme	16-Sep-2021 11:34        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Based on your comment on the $ amount involved and how the shares will be issued (if needed), it is obvious you are shooting from the hips and did not read the terms properly. I am not defending SCM as I have no interests atm and is still observing. Good to share but do not be bias especially if one is not vested long or short.   chart_expert123      ( Date: 16-Sep-2021 11:16) Posted: Merger, Sembmar has to issue new shares to Keppel corp share holders. If keppel O& M market value is 3Bil. It will be 500mio +2.5Bil worth shares. based on 8cents, it will be 31Bil shares. Plus existing 31Bil, it is 62Bil which make market cap SGD 5Bil. Keppel corp currently 9.5bil. 30cents with 62bil shares is SGD18.6Bil. In past 10 years, Temasek only privatised SMRT. Recent case, is make use of keppel of privatise SPH, before than is keppel and SPH private M1. NOL and Chartered Semicon were sold.  Chagatai      ( Date: 16-Sep-2021 11:00) Posted: Yes very possible may drop below 8c the last RI at 20 there were Semb industry so call free shares to dump now it is more measured. There is Kep O&M merger plus Semb marine will change name to new entity X. Then perhaps after that there will be a MO. If offer 40c I will Get Heart Attack. 30c also very Glad or else anything above 8 is the Surety
Useful To Me  Not Useful To Me
newbie19 Supreme	16-Sep-2021 11:22        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Hmmmm....can say beyond Sept 22 2021.......8cts eventually  will be history for the first 6 months.............. Afterwhich, i can`t foresee any further .....that`s the max my brain can works.... Chagatai      ( Date: 16-Sep-2021 11:06) Posted: So beyond sept 22 there is still the next 6 mths to watch and see eventually 8 will be History
Useful To Me  Not Useful To Me
Chagatai Veteran	16-Sep-2021 11:22        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Excellent point Sir this is Realistic assessment possible the new entity name is ?Semb Corpse Marooned.? That why is think JV with big Korean and Japanese yards is the only way to survive. They may just do it. chart_expert123      ( Date: 16-Sep-2021 11:16) Posted: Merger, Sembmar has to issue new shares to Keppel corp share holders. If keppel O& M market value is 3Bil. It will be 500mio +2.5Bil worth shares. based on 8cents, it will be 31Bil shares. Plus existing 31Bil, it is 62Bil which make market cap SGD 5Bil. Keppel corp currently 9.5bil. 30cents with 62bil shares is SGD18.6Bil. In past 10 years, Temasek only privatised SMRT. Recent case, is make use of keppel of privatise SPH, before than is keppel and SPH private M1. NOL and Chartered Semicon were sold.  Chagatai      ( Date: 16-Sep-2021 11:00) Posted: Yes very possible may drop below 8c the last RI at 20 there were Semb industry so call free shares to dump now it is more measured. There is Kep O&M merger plus Semb marine will change name to new entity X. Then perhaps after that there will be a MO. If offer 40c I will Get Heart Attack. 30c also very Glad or else anything above 8 is the Surety
Useful To Me  Not Useful To Me
ICXGOLD Master	16-Sep-2021 11:19        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	A Mandatory offer for 40 cents is a bit far fetched, and a Mandatory offer for 8 cents is ridiculous. Based on market standards and previous MO on SGX, the offeror has to also provide a rational behind the offer as to why shareholders must accept this generous offer. And that part of the document is based on few things: 1) NAV 2) VWAP ( 6 M ) 3) Last Traded Price before offer. So TH wont be just pulling 8 cents out of a Bag but must make a case for it. And that Document which is expected next week would read something like this : RATIONALE FOR THE OFFER Opportunity for Shareholders to Realise their Entire Investment in Cash at a Compelling  Price and Favourable Valuation Without Incurring Brokerage Costs The prevailing economic environment is uncertain due to the ongoing COVID-19 pandemic.  The Offer represents an opportunity for Shareholders to realise their investment in the Shares  at a premium to historical market prices: (a) The Offer Price is at a significant premium to the NAV per Share and prevailing Share  prices over the last 12 months The Offer presents Shareholders with a clean cash exit opportunity to realise their  entire investment at a significant premium over the prevailing benchmark prices of the  Shares without incurring brokerage and other trading costs. The Offer Price represents a premium of approximately: (i) 150% over the net asset value (" NAV" ) per Share as of 30 June 2021 (ii) 60% over the last transacted price per Share of S$ on 17 September  2021, being the last full Market Day on which the Shares were transacted prior  to the Offer Announcement Date (the " Last Trading Day" ) and (iii) 23.2%, 42.3%, 50.6% and 62.5% over the volume weighted average price (" VWAP" ) per Share for the one (1)-month, three (3)-month, six (6)-month and  12-month periods, respectively, up to and including the Last Trading Day. Based on this we can see a Offer of 8 cents is not rational and please dont get caught out sitting on the sidelines when the offer would come in early next week
Useful To Me  Not Useful To Me
chart_expert123 Master	16-Sep-2021 11:16        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Merger, Sembmar has to issue new shares to Keppel corp share holders. If keppel O& M market value is 3Bil. It will be 500mio +2.5Bil worth shares. based on 8cents, it will be 31Bil shares. Plus existing 31Bil, it is 62Bil which make market cap SGD 5Bil. Keppel corp currently 9.5bil. 30cents with 62bil shares is SGD18.6Bil. In past 10 years, Temasek only privatised SMRT. Recent case, is make use of keppel of privatise SPH, before than is keppel and SPH private M1. NOL and Chartered Semicon were sold.  Chagatai      ( Date: 16-Sep-2021 11:00) Posted: Yes very possible may drop below 8c the last RI at 20 there were Semb industry so call free shares to dump now it is more measured. There is Kep O&M merger plus Semb marine will change name to new entity X. Then perhaps after that there will be a MO. If offer 40c I will Get Heart Attack. 30c also very Glad or else anything above 8 is the Surety
Useful To Me  Not Useful To Me
Chagatai Veteran	16-Sep-2021 11:13        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope 4G upgrade quickly to 5G and start getting back on the ball
Useful To Me  Not Useful To Me
uiop1223 Supreme	16-Sep-2021 11:08        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How many billions alrrady wasted by elites? U think 4G have good foresight or still copying from 1G model Chagatai      ( Date: 16-Sep-2021 10:23) Posted: In may it was 21.5c in Sept it is 8c. Temasek and DBS pump in Billions to keep it in ICU. They didn?t save Kris Energy it went bankrupt. They are saving SMM. Billions invested so I believe it will be alright. I dunno what plans they have but if I spend billions to keep it in ICU I surely have a motive.
Useful To Me  Not Useful To Me

                                                         First   < Newer   4761-4780 of 17131   Older>   Last