| Latest Forum Topics / Seatrium Last:0.091 -- |
|
|
SembCorp Marine- The new Frontier.
|
|||||
|
better
Elite |
01-Sep-2021 23:30
|
||||
|
x 0
x 0 Alert Admin |
That is debatable. SCM was previously 61% owned by SCI. Their cashflow would not be any different from now if they are still under SCI and tap on the remaining S$500 mil outstanding credit facility secured through SCI then. Just have to play hard ball with Transocean and not agree to the S$600 mil yard financing and this current rights issue can be avoided altogether or delayed until next year when their new mega projects are secured. Look at how indebted Olam is and they still manage to do ok with the Temasek owned tag. The difference is that Olam directors own a sizable 4.8% of the company and think like a shareholder. Even if they need some money recently for an acquisition, they did mini size, just enough, rights issue at 10+% below last traded price because the directors have to cough out quite a fair bit with 4.8% ownership. SCM directors, in contrast, own only 0.2% of company and don' t think like or for shareholders. Kan Jeong spider CEO should be demoted to COO and let sleek salesman like Loh Chin Hua take over. Loss also can spin into a BTIDA positive..
|
||||
| Useful To Me Not Useful To Me | |||||
|
naoshingo
Elite |
01-Sep-2021 22:52
|
||||
|
x 0
x 0 Alert Admin |
Without ah gong....SM long gone under liao...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
better
Elite |
01-Sep-2021 22:44
|
||||
|
x 0
x 0 Alert Admin |
Damn good answer!  ![]()
|
||||
| Useful To Me Not Useful To Me | |||||
|
vivacious
Supreme |
01-Sep-2021 22:37
|
||||
|
x 0
x 0 Alert Admin |
damning ans : every company can go under
|
||||
| Useful To Me Not Useful To Me | |||||
|
sutiono
Veteran |
01-Sep-2021 21:59
|
||||
|
x 0
x 1 Alert Admin |
Can't compete with yards from China and Korea . So far talked only but not capable to win any of these.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
mrwise
Supreme |
01-Sep-2021 21:37
|
||||
|
x 0
x 1 Alert Admin |
Remember....dont go against Ah Gong!
|
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
01-Sep-2021 21:20
|
||||
|
x 0
x 0 Alert Admin |
Based on the latest financial disclosure, Sembcorp Marine has a Probability Of Bankruptcy  of 51%. This is 19.77% higher than that of the Industrials sector and 41.0% higher than that of the Aerospace & Defense industry. The probability of bankruptcy for all Singapore stocks is 28.04% lower than that of the firm.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Due_Dilligence
Veteran |
01-Sep-2021 21:12
|
||||
|
x 0
x 0 Alert Admin |
If this company goes under, will it be another Pan Electric?
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
weekaykee
Master |
01-Sep-2021 21:11
|
||||
|
x 0
x 0 Alert Admin |
70% probability
|
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
01-Sep-2021 21:06
|
||||
|
x 0
x 0 Alert Admin |
Every company can go under.   
|
||||
| Useful To Me Not Useful To Me | |||||
|
ahboy8
Member |
01-Sep-2021 20:51
|
||||
|
x 0
x 0 Alert Admin |
Good question. If I can go to the future, i will give you a answer.  ![]()
|
||||
| Useful To Me Not Useful To Me | |||||
|
Due_Dilligence
Veteran |
01-Sep-2021 20:47
|
||||
|
x 0
x 0 Alert Admin |
Can I pose a damning question - will this company go under? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
makdatok
Supreme |
01-Sep-2021 20:45
|
||||
|
x 0
x 0 Alert Admin |
Trapping shortortoises in process...Coming days shld see em scrambling for cover...hik hik | ||||
| Useful To Me Not Useful To Me | |||||
|
ckmpd1
Supreme |
01-Sep-2021 20:32
|
||||
|
x 0
x 0 Alert Admin |
hope smm can get some new contracts
|
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
01-Sep-2021 20:30
|
||||
|
x 0
x 0 Alert Admin |
Plenty of contracts.  The global renewable energy market was valued at $928.0 Billion in 2017, and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025.
|
||||
| Useful To Me Not Useful To Me | |||||
|
ckmpd1
Supreme |
01-Sep-2021 20:21
|
||||
|
x 0
x 0 Alert Admin |
Agree.  No new contract means no revenue.  But fixed costs have to be paid.  I see all these going into 2-23.  Where is smm going to get money?  2022 rights issue?
|
||||
| Useful To Me Not Useful To Me | |||||
|
ckmpd1
Supreme |
01-Sep-2021 20:14
|
||||
|
x 0
x 0 Alert Admin |
next few days should drop lower than 8.4c.  at the end of today' s trading the weakness is apparent
|
||||
| Useful To Me Not Useful To Me | |||||
|
ckmpd1
Supreme |
01-Sep-2021 20:11
|
||||
|
x 0
x 0 Alert Admin |
good question.  It depends very much on SMM' s price over the next few trading sessions.  It closed 8.4c.  any drop from here is detrimental to SMM
|
||||
| Useful To Me Not Useful To Me | |||||
|
MANFREDTMK
Master |
01-Sep-2021 19:54
|
||||
|
x 0
x 0 Alert Admin |
This arbitraging of selling the shares and buying the Rights and exercise at 8 cents to lock in the gains is narrowing and will only last till next Wednesday. Subsequently, the share will go back up to induce subscription. Don't worry too much.
|
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
01-Sep-2021 19:51
|
||||
|
x 0
x 0 Alert Admin |
Ok.  From SGX email. It is mis-interpretation.  The meaning should be: lol.
The remarks portion is with reference to the disbursement ratio (as per the original announcement on SGX website) &ndash 1 allotted SEMBCORP MARINE LTD R (rights) will eventually become 1 SEMBCORP MARINE LTD share at the completion of the rights issue.  
 
|
||||
| Useful To Me Not Useful To Me | |||||



