Latest Forum Topics /
Sembcorp Ind
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josemmm123
Master |
06-Aug-2020 08:55
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I am cautiously confident that SCM has received > 50% votes already as they announced the XR date yesterday nite. If they see the No vote more than 50%, why would they annouced the XR date since is useless to do so :) So the approval is good for both sets of shareholders, SCI and SCM..
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josemmm123
Master |
06-Aug-2020 08:52
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Yes.. referring to SCM rights issue. The XR (Ex right) date is next wednesday, so fast and the fact that they annouce this XR date and in  such a  short period  means they must have received more than 50% yes vote for SCM already. If they receive very little Yes vote or not 50% yes vote yet, they wun be announcing this XR date so soon and they wait until the count is over 50%.  With such a short period of trading for CR (Cum rights), infact there is only 1 day of CR which is next Wednesday as next Thursday will be the XR date, it means they have this in the bag already. So definitely they received more than 50% yes vote already and they go ahead with the XR date annoucement.
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vivacious
Supreme |
06-Aug-2020 08:30
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$2 akan datang | ||||
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danger
Supreme |
06-Aug-2020 08:28
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Will all Directors of Sembcorp Marine accept their Rights ? Will the Directors apply for Excess Rights Shares? &bull   All SCM Directors including the CEO who are Shareholders have indicated that they will subscribe for their Rights entitlement in full. As Shareholders, SCM Directors are also able to apply for excess Rights Shares. However, we are not able to comment on their behalf whether they wish to do so. 4. Has any Board member sold their shares since the Rights Issue was announced ? Has any Board member increased their shareholdings considerably during the same period ? &bull None of the Directors on SCM' s Board sold their shares following the Rights Issue announcement on 8 June 2020. |
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simpleguy123
Elite |
06-Aug-2020 08:16
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They are moving these motions too quickly! But I' m not complaining hehe. This may be a very good pre-national day week for all longist paid-up or contra players. TH way of saying Happy National Day! Heck or Gov' t counters including SPH gapped up yesterday.
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wolverine23
Supreme |
06-Aug-2020 07:44
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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Time is ripe for this to rally!
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SgTrader17
Elite |
06-Aug-2020 04:28
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I verified your information ... It refers to SCM, if I am not wrong? But not on SCI, which will have the SCM shares distribution after EGM, if approved and successful. Didn't check much on the exact details of the distribution date but I think will take some time to process and to be given out. After EGM, I think the trading of SCM and SCI will intensify. Volume will be much much higher, bigger swings. Hope all will be good. Dyodd. Good luck all.
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josemmm123
Master |
06-Aug-2020 03:23
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" Subject to the foregoing, the last date for Shares to trade " cum-rights" to the Rights Issue is 12 August 2020 and the first date for Shares to trade " ex-rights" to the Rights Issue is 13 August 2020." Wow just 1 day after EGM, is the last  trading day for CR (Cum rights), that' s fast and it seems they just added in this record date in  today' s annoucement. It seems that they have already counted and exceed 50%. This is very good news.  
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josemmm123
Master |
06-Aug-2020 02:07
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https://www.straitstimes.com/singapore/manpower/coronavirus-265000-foreign-workers-get-the-nod-to-restart-work?utm_medium=Social& utm_campaign=STFB& utm_source=Facebook#Echobox=1596640742 SINGAPORE - The Covid-19 restrictions had forced firms in the construction, marine shipyard and process sectors to halt work since April, with many still unable to fully resume operations. But the dark days in all three sectors have begun to recede. As of Tuesday, 265,000 foreign workers in the sectors have been given the green light to return to work, said the Ministry of Manpower (MOM).   |
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desmodeus
Veteran |
06-Aug-2020 01:25
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good point. after demerger, turnover dropped but pbt will rise without the drag from scm. should trade around current price ex-demerger
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SuLiaoLiao
Member |
06-Aug-2020 01:18
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There is something I do not understand. Y are there so many people keep saying that after demerger, SCI will drop to 1.20 or 1.00??  Usually, after a company pays out cash dividend, its share price will drop. That is because new investors who buy after ex-dividend is buying a piece of a  company which has lesser cash assets.  But this time round, SCI is different. New investors who come in after ex-rights are expected to pay more because they are buying a piece of SCI WITHOUT the burden SCM!!  After demerger, my sixth sense is that SCI should be about 2.80. |
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simpleguy123
Elite |
06-Aug-2020 00:29
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No wonder SCI charged up the hill, together with SMM. This may be why, just guessing. SMM Record date is 14th August 2020, next week! ![]() https://links.sgx.com/FileOpen/Announcement.ashx?App=Announcement& FileID=626347
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raykee
Veteran |
05-Aug-2020 23:32
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if smrt can be delisted and nol can be removed from the board, smm wont be a surprise to be gotten rid of... just that T nows wants a better deal to have it at a cheaper amount | ||||
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yoga123
Elite |
05-Aug-2020 23:13
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Yup, I am aware that there is no such thing as 100% accuracy and risk-free.     ![]()
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tangoanna
Master |
05-Aug-2020 23:12
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Gonna keep the " free" SCM shares till the announcement.
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danger
Supreme |
05-Aug-2020 23:08
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Will Singapore take over Keppel and merge it with Sembcorp Marine? Shareholders in Singapore' s pride, the hard-strained Keppel Fels shipyard, will have to wait to find out whether the island state' s investment company Temasek will become majority shareholder. Perhaps they are waiting for Sembcorp' s decision to spin off its marine division. This will happen next week. |
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simpleguy123
Elite |
05-Aug-2020 23:06
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I would like to add on, while what he said may happen. It' s also hypothetical, so dyodd. FYI, I' m bullish and I' m cautioning you haha
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yoga123
Elite |
05-Aug-2020 22:47
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Thanks bro,   appreciate your explanation.      
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arctician1982
Senior |
05-Aug-2020 22:16
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its interesting how SCI and SCM both move near to 8% today, i was thinking SCM should trend down while SCI should move up if whitewash is a pass. Moving forward if SCM can stay ard 40c it will be a boom for SCI, because based on 1:4, SCM is worth $1.60 and if demerged SCI is worth $1 (assuming conservative 50% discount after demerger based on new NAV $1.94), SCI with CE should trade at least $2.60 For me i think conservatively demerged SCI will trade at max 60% discount to NAV so its worth $1.20, and 4 SCM shares worth min $0.80, so i believe it will go up to minimum $2 during run up to September, how high it will go..is really anybody' s guess. |
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vivacious
Supreme |
05-Aug-2020 21:02
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how many lots u hv man? 200?
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