| Latest Forum Topics / Sembcorp Ind Last:6.13 -- |
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SembCorp Industries
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naoshingo
Elite |
10-Nov-2020 17:06
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Nice closing 1.67... Good setup for 11112020 |
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bystander1965
Supreme |
10-Nov-2020 17:04
Yells: "What I say is just my assessment. DYODD" |
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Could be at least for the st traders. Last month a few institutions actually increased their sci holdings. Looking at it it's unlikely it will drop back much for you to scoop again... | ||||
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danger
Supreme |
10-Nov-2020 16:58
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last few months could be majority selling SC< to buy SCI now is opposite selling SCI to buy SCM |
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bystander1965
Supreme |
10-Nov-2020 16:36
Yells: "What I say is just my assessment. DYODD" |
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My time horizon is pretty long for this one. Just need the patience. But a bit disappointing they are not saying anything about Q3 updates. | ||||
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danger
Supreme |
10-Nov-2020 16:19
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SCI from $1 to $1.70.. ALREADY up 70% ...FULLY VALUED ALREADY NOW IS SCM TURN TO RECOVER BACK |
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bystander1965
Supreme |
10-Nov-2020 16:18
Yells: "What I say is just my assessment. DYODD" |
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Next few hours at least touch 1.68 then maybe ... But ATM there's a blockage at 1.67. so maybe not ready yet. LT is up still. Or even MT . Just my feel. DYODD | ||||
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naoshingo
Elite |
10-Nov-2020 15:58
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Come on SCI...! | ||||
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bystander1965
Supreme |
10-Nov-2020 12:43
Yells: "What I say is just my assessment. DYODD" |
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The case is ... I see a party who tried to grab a piece of the pie but failed and now is "jealous". So they sue to stop the sales. V funny. They don't have any interest in any of the cos. So to a layman like me I just don't understand the logic. Anyway my feel is we will see if sci would move up or continue to dangle here in the next few hours. Perhaps tomorrow smm's announcement will be a factor also. We will see how much impact it has for the last time on sci this Q3, good or bad. | ||||
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naoshingo
Elite |
10-Nov-2020 12:13
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Ya...I tend to agree with you guys too.... Sum is really small.... And it' s a bonus if it passed....not a kind of like impairment... Just look at the share buy back SCI made....$70m is small 
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Checkerman
Master |
10-Nov-2020 11:45
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accumulate at 1.65 
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FATABA
Supreme |
10-Nov-2020 11:44
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Not only that $70m which is small ..... Sale was in 2018 ,,,,why file now ? according to legal advice, the " prospects of this outcome are remote" obtained municipal consent before the sale was completed, Look like a real funny case which wld not cost much issue to SCI .  Dyodd  
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St.Maximus
Supreme |
10-Nov-2020 11:28
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Good!
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weekaykee
Master |
10-Nov-2020 11:24
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The amount involved is small and not like the whole $70m will be lost in any way.  No impact. SCI is consolidating, It will start rising once the current euphoria on stocks adversely affected by Covid-19 subsides. Could be as early as next week.
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St.Maximus
Supreme |
10-Nov-2020 11:19
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This may cast a shadow over the SCI
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Octavia
Supreme |
10-Nov-2020 11:11
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Sembcorp joins legal proceedings involving divested South African water assets NOV 9, 2020 09:24 AM THE 718 million rand (S$70 million) sale of Sembcorp Industries' (SCI) South African municipal water assets, completed back in 2018, may potentially be reversed as a result of legal proceedings. However, according to legal advice, the " prospects of this outcome are remote" , SCI said in a bourse filing on Monday. If the divestment is reversed, parties to the deal would have to reapply for the consent of the Mbombela local municipality. In December 2018, SCI announced that its wholly-owned subsidiary Sembcorp Utilities (Netherlands) NV (SUNNV) had sold the entire stake in Sembcorp Utilities South Africa (SUSA) and the 100 per cent effective stake in Sembcorp Silulumanzi to South African Water Works. Although it had obtained municipal consent before the sale was completed, the consent is now being challenged in the South African High Court by a party who had made an unsuccessful bid to become a local minority shareholder in Sembcorp Silulumanzi under the government' s Broad-Based Black Economic Empowerment programme. Neither SCI nor any of its subsidiaries were parties to these legal proceedings when they were launched in July 2019. To protect its interests, SCI thus requested and was granted approval by the court for SUNNV and SUSA to be joined as parties to the proceedings. As at Monday, the proceedings are still ongoing, SCI said. |
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St.Maximus
Supreme |
10-Nov-2020 10:42
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its price action is up | ||||
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FATABA
Supreme |
10-Nov-2020 10:39
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That legal issue is some time ago and dig up again ....whatever it not a big amount / but it seem to be affecting SCI  Anyway result guidance shld be coming up soon  Dyodd 
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Checkerman
Master |
10-Nov-2020 09:31
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won' t move for weeks due to some legal issue may see $1.60 
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Waterrat
Veteran |
10-Nov-2020 09:28
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Market sentiment good but SCI no movement. | ||||
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Waterrat
Veteran |
10-Nov-2020 09:15
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No power today  | ||||
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