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SEMBMARINE - A NEW CHAPTER - DEMERGED
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TigerPlay
Master |
26-Nov-2020 13:59
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Seem like interest dying down, only 173millions done compare to over 500 mils lately. No more playing on merger rumour laiow? | ||||
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bobdog
Veteran |
26-Nov-2020 13:48
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Those who bought at 163 yesterday can feel relieve liao. Good support at 170. Many profit takers left yesterday. | ||||
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weekaykee
Master |
26-Nov-2020 13:12
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I have both SCI and SCM. One is growth stock with zero risk and the other one potential recovery play whcih could turn out to be a multi-bagger but with more risk.
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naoshingo
Elite |
26-Nov-2020 13:07
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I support Bro FATABA.
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better
Elite |
26-Nov-2020 13:05
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Th implications of the early redemption of the S$1.5 billion, 3.55% bond with credit facilities and some cash is debatable. Notice they did not give a breakdown of how much cash and credit facilities is used. It is just largely re-shuffling of balance sheet, replacing one debt with another (credit facilities). The other way to spin it is that Sembcorp industries cannot find any good investment option that can give them much more than 3.55% return. And yes, the rights issue might not happen because Temasek really does not want more of Sembcorp. If a rights issue happens, they would have to make a general offer. SCI hardly makes $200 million on a good year. Saddled with about S$10billion debt and no visibly good imvestment avenue, it will just remain a zombie company for years. The share buyback program is tiny, amounting to $10-20 mil a year at the current rate. SCI is trying hard to convince everyone that they are not in financial distress. We will know the answer when the year end result is out. Let' s see. DYODD DYODD |
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FATABA
Supreme |
26-Nov-2020 12:49
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U are really one of those who talking nonsense ...comparing SIA to SCI ? LOL Why explaint wld they redeem a bond just recently ? and then go issue rights ? ( Set a time and tell us when this right will come / we here all will monitor and see who is talking nonsense ?? )
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better
Elite |
26-Nov-2020 12:46
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Exactly. And I am not recommending selling SCI to do nothing Sell SCI to buy SMM. It is a comparative value proposition.
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better
Elite |
26-Nov-2020 12:41
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While SCI' s biz is quite diverse, it is still centered around the Singapore utilities market, electricity, water, waste etc. SCI' s profitability is more of a political decision rather than a commercial outcome. In short, the Singapore government does not allow Sembcorp and other utility players to make more than a sustenance margin. Rising cost of living has been a hot political topic over the past decade. To say yes to higher Sembcorp profit is like saying yes to higher utility bills for all Singaporeans. Not likely to happen until they win back Aljunied and Seng Kang GRC. Asset sales globally would give them some respite, but does not change the broader picture. Have taken a look at the India Subsidiary' s financial statement.......low profit and almost zero cash. DYODD |
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Trader1987
Veteran |
26-Nov-2020 12:35
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SIA backed by Temasek also did a rights issue. Don talk nonsense here and mislead the retailers.
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better
Elite |
26-Nov-2020 12:33
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Reasons to sell SCI and buy SMM. SCI' s estimated gearing at 2.5x vs SMM below 1. SCI is in competitive Singapore utility market which got Hyflux bankrupted. SMM has the offshore wind and a truck load of cold hard cash. SCI is making a loss in H1 2020 ex SMM' s contribution Th implications of the early redemption of the S$1.5 billion, 3.55% bond with credit facilities and some cash is debatable. It is just largely re-shuffling of balance sheet, replacing one debt with another. Yes, the rights issue might not happen because Temasek does not want more of Sembcorp. It hardly make $200 million on a good year. Saddled with about S$10billion debt and no visibly good imvestment avenue, it will just remain a zombie company for years. |
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freshmeat
Member |
26-Nov-2020 12:28
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sold ady. lose so much
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delonlaw
Member |
26-Nov-2020 11:58
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when ppl fear - buy. when ppl doesnt fear anymore - find a time to sell
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delonlaw
Member |
26-Nov-2020 11:55
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my opinion for u. my take is in future scm might give out dividend.( just my thought, it did give dividend payout during few year back. i think because covid it stopped & making losses) now at cheap price buy for future dividend. ( even dividend at 0.001per shares.) 100000 shares is $1000 u buy at 1.92. buy more at cheap price now. with temasek backing. buy and hold. u will be rewarded. give them 2 year if u dont need the cash.
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Kittykitty
Senior |
26-Nov-2020 11:53
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U still holding $1.92?
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RedAnt
Member |
26-Nov-2020 11:50
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I thought this thread is for SMM. How come topic on SCI is brought up here? For a while, I thought it SMM that redem it Bond and happy about it. If this is really a move by SMM, from my point of view, it look like it clearing it balance sheet and prepare for a possible takeover. -_- |
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freshmeat
Member |
26-Nov-2020 11:49
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previously bought at 1.92 n dropped till so low, really phobia now.
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Octavia
Supreme |
26-Nov-2020 11:44
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Today trading range 16.3-16.9c. | ||||
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delonlaw
Member |
26-Nov-2020 11:43
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argee all waited side line started to panic. singapore on recovery they still waiting!
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weekaykee
Master |
26-Nov-2020 11:41
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Ignore all the trolls shouting about SCI having a rights issue. They missed out and hoping for lower prices. And even if SCI issues rights, I wil apply for as many excess rigths as possible, because SCI is on the way to $4, with or without rights.
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soonsoonhuat
Veteran |
26-Nov-2020 11:31
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rinse, repeat and rise, this is the mehtodology of all the big boys and BBs, esp for a hot stock like sembmar and oceanus only buy when u see its rising abit n not it has gone up by alot, as the distribution by the bbs will kick in and gullible retailers go and chase after high prices but the best buy is when theres a panic sell, and when bbs exact the max pain on retailers and cannot take it anymore and puke it all out, thats the best time to dabble in some of the uptrending stock the only observation is for up trend counters, for a downtrend counter, u will never know wheres the bottom |
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