| Latest Forum Topics / Seatrium Last:0.091 -- |
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Sembmarine
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pasttime
Supreme |
16-Sep-2017 18:18
Yells: "gold silver are real money. not others iou." |
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buy ship builders as a hedge aganst possible korean war. south korea is the world third largest ship builders and if war breaks out. the world will be short of ships for quite a while. speculative only other posibilities, lcd maker ,  semicon , anything that south korea manufacture.   |
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ysh2006
Supreme |
16-Sep-2017 17:32
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So no money to take delivery the rig and bankrupt the completed rig also can't sell no body want ?
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beginners
Veteran |
16-Sep-2017 16:24
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Sun set industry for rig building?
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sgtrader18
Veteran |
16-Sep-2017 07:58
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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Let 3Q result come out and we'll see.
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sgtrader18
Veteran |
16-Sep-2017 07:57
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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I think Seadrill ask semb make a rig worth usd450m and they didn't take delivery. The rig is finished.
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ysh2006
Supreme |
16-Sep-2017 06:32
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May know that Seadrill go chp 11 got anything to do with Sembmarine ? Are they related one in Brazil other in Singapore ..
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chanbs
Elite |
16-Sep-2017 05:16
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This counter did not get hit after hours unlike big Brother  | ||||
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sgtrader18
Veteran |
15-Sep-2017 10:32
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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u vested ah? might have to hold for some time.
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calvinlooi
Senior |
15-Sep-2017 10:28
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Sembcorp Ind also drop a lot today. Sienz. | ||||
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sgtrader18
Veteran |
15-Sep-2017 10:24
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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when company money finish, declare chap11 before banks come knocking at your door. try google it for details. 
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calvinlooi
Senior |
14-Sep-2017 21:05
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what is the requirement for Chapt 11? Seems very much requirement | ||||
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sgtrader18
Veteran |
14-Sep-2017 21:02
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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Actually 2 days ago Seadrill just filed for chapter 11. The next few years will be painful for o&g. Ezion still halt. That one also need money.
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michaeltan
Master |
14-Sep-2017 20:56
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The next quarter results will be worse. The worst is not over yet. Many banks are reluctant to borrow money now for OG and rig builder, look at how many companies had filed for bankruptcies? eg Swiber, Ezra, Nam Cheong and etc, Look at the debt portfolio and interest payment, how long can it sustain of this prolong oil price crisis?  
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sgtrader18
Veteran |
14-Sep-2017 17:24
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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another rig customer not taking delivery and chap11 liao http://www.businessinsider.com/seadrill-chapter-11-bankruptcy-filing-2017-9/?IR=T not sure if this is the one: http://www.sembcorp.com/en/media/media-releases/marine/2011/march/sembcorp-marine-s-jurong-shipyard-secures-us-450-million-contract-to-build-a-harsh-environment-jack-up-rig-from-seadrill/ its worth USD 450million...
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Moomoomoo
Senior |
14-Sep-2017 14:58
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Still moving very slowly.... | ||||
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sgtrader18
Veteran |
12-Sep-2017 13:46
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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let see how much can it recover | ||||
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calvinlooi
Senior |
12-Sep-2017 11:01
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The order was within expectation, for such long time Sembcorp Marine did not announce new order received, you see how many order did Keppel Marine received recently. https://www.theedgesingapore.com/sembcorp&rsquo s-us145-mil-addition-orderbook-within-expectations |
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granto
Master |
12-Sep-2017 10:44
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Sembcorp Marine&rsquo s Brazil yard wins $145m contract http://splash247.com/sembcorp-marines-brazil-yard-wins-145m-contract/ | ||||
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sgtrader18
Veteran |
08-Sep-2017 16:06
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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you shorting this?
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calvinlooi
Senior |
08-Sep-2017 16:01
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Sembcorp industries kena short sell badly. Got analytics says sembcorp industries is in down trends and there are room to drop once the support level at 2.86 is cleared. I wonder would the drop also reflecting to sembcorp marine. Trade with cautious. |
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