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SembCorp Marine- The new Frontier. Post Reply Rate topic
PhillipTan Supreme	31-Aug-2021 15:35        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	DBS Vickers Broker - $40.00 DBS Vickers Cash - $25.00 DBS Vickers Cash Upfront - $10.00 FSMOne - $8.80 The minimum is FSMOne, if not, just use DBS Cash Upfront which is almost same as Cash but way cheaper. Selling directly at bidding price will remove risk of multiple trades, but lesser proceeds   Starship      ( Date: 31-Aug-2021 15:19) Posted: DBS Vickers charge minimum $25+++ per transaction. At today' s microscopic price, shareholders that can breakeven from selling their SM Rights won' t bother. In fact, even if the profit is $10 or whatever small amount, many won' t bother to try.  Bcos they must sell their entire amount of Rights in one shot to the ready buyer, otherwise if only partially sold, they' ll have to pay multiple times of trading charges and lose even more $$$$ !!! pkli899      ( Date: 31-Aug-2021 12:59) Posted: This is renounceable rights. Those who doesn' t want will sell (wouldn' t be so stupid to let it be forfeited). It will be under-subscribed only when, at the end of rights trading period, there are still huge amount not sold and got forfeited, and also many who bought the rights from the market ended up didn' t subscribe.
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weekaykee Master	31-Aug-2021 15:34        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	This rights exercise is going to be an epic failure. A MO from TH is guaranteed after TH increases its stake not by the min 1% but by 20%. ahhuat08      ( Date: 31-Aug-2021 15:06) Posted: everybody is anticipating a MO, what happens if it fails to materialise. trading stock is not based upon hope , its based on fundamentals and as far as scm is concerned, i dunt see any.   ckmpd1      ( Date: 31-Aug-2021 14:36) Posted: Fundamentally, SMM, over the last few months, has taken a turn for the worst.  Wong Weng Sun has to come out to steady the ship.  Otherwise below m8c is a real possibilty in the near future and below 6c is  apossibility in 2022
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ahbui8 Master	31-Aug-2021 15:32        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	First day only, rights drop till 0.1cts 🤦 🏻 &zwj ♂ ️
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naoshingo Elite	31-Aug-2021 15:32        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	96% agrees for the rights...share price wouldn't be like this... Lol . But only 50% voted I guess....😂
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Scarldomz Member	31-Aug-2021 15:32        Scarldomz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not true, overseas investors are also entitle for the right issue. The broker will distribute the rights to all investors. PhillipTan      ( Date: 31-Aug-2021 14:47) Posted: There will always be excess rights shares available because - Not all shareholders are entitled to participate in the rights issue (eg. foreigners living overseas) - Not all shareholders are aware of rights issue even if they are entitled - Not all shareholders may have the funds to apply (or to apply fully )for their entitled rights shares - Not all shareholders are aware that the rights can be sold, regardless of not enough funds or not interested to participate in rights issue - Shareholders may not be bothered to sell their rights (eg. trading fees may be almost equal or even more than proceeds from selling rights) - Shareholders not applying may not be able to sell their rights due to low demand The total accumulated number of rights sold from the first to the last day And the total amount of unsold rights on the last day May give a rough indication of how well this rights issue will be subscribed We will just have to wait and see how it goes   pkli899      ( Date: 31-Aug-2021 13:46) Posted: Yes, unattractive, non-renounceable rights issue, very easy to get excess rights. In this case, although it appears to be unattractive but it' s renounceable. Those who do not want can sell. That' s mean no excess left. Unless, huge quantity of rights got forfeited because unable to sell by end of trading period. Or, those who bought the rights in the market ended up didn' t subscribe. I did mentioned this scenario earlier on.
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baybefaze Senior	31-Aug-2021 15:31        baybefaze About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please advise when is the last day of trading for RIGHTS.
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Starship Supreme	31-Aug-2021 15:19        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS Vickers charge minimum $25+++ per transaction. At today' s microscopic price, shareholders that can breakeven from selling their SM Rights won' t bother. In fact, even if the profit is $10 or whatever small amount, many won' t bother to try.  Bcos they must sell their entire amount of Rights in one shot to the ready buyer, otherwise if only partially sold, they' ll have to pay multiple times of trading charges and lose even more $$$$ !!! pkli899      ( Date: 31-Aug-2021 12:59) Posted: This is renounceable rights. Those who doesn' t want will sell (wouldn' t be so stupid to let it be forfeited). It will be under-subscribed only when, at the end of rights trading period, there are still huge amount not sold and got forfeited, and also many who bought the rights from the market ended up didn' t subscribe.
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Starship Supreme	31-Aug-2021 15:11        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Management is even more Kuku than the Cuckoo bird. They issued Rights at 8C then did hare Buyback on the open market at 12.2c !!!!  Singapore share buybacks Thursday: Sembcorp Marine, OUE THURSDAY, 5 AUGUST 2021 21:50:47 Sembcorp Marine bought back 744,100 shares in the market at S$0.122 each for a total consideration, including other costs, of around S$90,889, the company said in a filing to SGX after the market close Thursday. https://shentonwire.net/2021/08/05/singapore-share-buybacks-thursday-sembcorp-marine-oue/   ckmpd1      ( Date: 31-Aug-2021 14:46) Posted: Agree with you.  Last year, after the rights issue, SMM looked good as TH took up unsubscribed rights at 20c.  On 22 Srep, TH is going to take up unsubscribed rights for 8c.  How to trust smm mgmt when it isued rights last yr at 20c and again this yr at 8C.  It has failed retail investors Yatsa13      ( Date: 31-Aug-2021 14:38) Posted: Tiger, how to have hope. I already packed and go lia
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ahhuat08 Elite	31-Aug-2021 15:06        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	everybody is anticipating a MO, what happens if it fails to materialise. trading stock is not based upon hope , its based on fundamentals and as far as scm is concerned, i dunt see any.   ckmpd1      ( Date: 31-Aug-2021 14:36) Posted: Fundamentally, SMM, over the last few months, has taken a turn for the worst.  Wong Weng Sun has to come out to steady the ship.  Otherwise below m8c is a real possibilty in the near future and below 6c is  apossibility in 2022. halleluyah      ( Date: 31-Aug-2021 14:19) Posted: if US mkt go correction, tis will drop jialat again...super junk....Sept is a bad mth fr mkt.....
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ahbui8 Master	31-Aug-2021 15:05        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If no generous MO, then LL roller coaster lo. My parents teach me from where fall down must get up from there. Now very attractive to re-enter, even previous I get out all at average below 0.108.
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ckmpd1 Supreme	31-Aug-2021 15:00        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good analysis If 2021 and 2022, no contract? weekaykee      ( Date: 31-Aug-2021 14:52) Posted: If no MO by TH, then it will slide very fast towards 6cts. If a MO by TH is confirmed, then a short term bounce up to 8.5cts.  If TH decides to become generous  and offer above 8cts, then some will be laughing to the bank. But if TH sticks to 8cts, then after end of offer, it will slide back down to around 6 cts. This is assuming no large contracts are won during the interim period. ckmpd1      ( Date: 31-Aug-2021 14:48) Posted: Yes. And what do you feel SMM' s price will be after conclusion of rights exercise
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weekaykee Master	31-Aug-2021 14:52        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	If no MO by TH, then it will slide very fast towards 6cts. If a MO by TH is confirmed, then a short term bounce up to 8.5cts.  If TH decides to become generous  and offer above 8cts, then some will be laughing to the bank. But if TH sticks to 8cts, then after end of offer, it will slide back down to around 6 cts. This is assuming no large contracts are won during the interim period. ckmpd1      ( Date: 31-Aug-2021 14:48) Posted: Yes. And what do you feel SMM' s price will be after conclusion of rights exercise? weekaykee      ( Date: 31-Aug-2021 14:46) Posted: Apply excess for what when the price is quickly approaching 8 cts. May even dip below 8cts momentarily before the conclusion of the rights exercise
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ckmpd1 Supreme	31-Aug-2021 14:48        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. And what do you feel SMM' s price will be after conclusion of rights exercise? weekaykee      ( Date: 31-Aug-2021 14:46) Posted: Apply excess for what when the price is quickly approaching 8 cts. May even dip below 8cts momentarily before the conclusion of the rights exercise. sutiono      ( Date: 31-Aug-2021 13:55) Posted: Many want to apply excess rights as much as possible and hope to sell it on 22/9 when the rights start trading . Smart guys think alike .
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PhillipTan Supreme	31-Aug-2021 14:47        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	There will always be excess rights shares available because - Not all shareholders are entitled to participate in the rights issue (eg. foreigners living overseas) - Not all shareholders are aware of rights issue even if they are entitled - Not all shareholders may have the funds to apply (or to apply fully )for their entitled rights shares - Not all shareholders are aware that the rights can be sold, regardless of not enough funds or not interested to participate in rights issue - Shareholders may not be bothered to sell their rights (eg. trading fees may be almost equal or even more than proceeds from selling rights) - Shareholders not applying may not be able to sell their rights due to low demand The total accumulated number of rights sold from the first to the last day And the total amount of unsold rights on the last day May give a rough indication of how well this rights issue will be subscribed We will just have to wait and see how it goes   pkli899      ( Date: 31-Aug-2021 13:46) Posted: Yes, unattractive, non-renounceable rights issue, very easy to get excess rights. In this case, although it appears to be unattractive but it' s renounceable. Those who do not want can sell. That' s mean no excess left. Unless, huge quantity of rights got forfeited because unable to sell by end of trading period. Or, those who bought the rights in the market ended up didn' t subscribe. I did mentioned this scenario earlier on.
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weekaykee Master	31-Aug-2021 14:46        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Apply excess for what when the price is quickly approaching 8 cts. May even dip below 8cts momentarily before the conclusion of the rights exercise. sutiono      ( Date: 31-Aug-2021 13:55) Posted: Many want to apply excess rights as much as possible and hope to sell it on 22/9 when the rights start trading . Smart guys think alike . pkli899      ( Date: 31-Aug-2021 13:46) Posted: Yes, unattractive, non-renounceable rights issue, very easy to get excess rights. In this case, although it appears to be unattractive but it' s renounceable. Those who do not want can sell. That' s mean no excess left. Unless, huge quantity of rights got forfeited because unable to sell by end of trading period. Or, those who bought the rights in the market ended up didn' t subscribe. I did mentioned this scenario earlier on.
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ckmpd1 Supreme	31-Aug-2021 14:46        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree with you.  Last year, after the rights issue, SMM looked good as TH took up unsubscribed rights at 20c.  On 22 Srep, TH is going to take up unsubscribed rights for 8c.  How to trust smm mgmt when it isued rights last yr at 20c and again this yr at 8C.  It has failed retail investors Yatsa13      ( Date: 31-Aug-2021 14:38) Posted: Tiger, how to have hope. I already packed and go liao TigerPlay      ( Date: 31-Aug-2021 14:35) Posted: Look very jialet laiow, yesterday I still think got hope like maybe 1ct, now really show the true colour laiow, jialet
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Yatsa13 Veteran	31-Aug-2021 14:38        Yatsa13 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tiger, how to have hope. I already packed and go liao TigerPlay      ( Date: 31-Aug-2021 14:35) Posted: Look very jialet laiow, yesterday I still think got hope like maybe 1ct, now really show the true colour laiow, jialet
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ckmpd1 Supreme	31-Aug-2021 14:36        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fundamentally, SMM, over the last few months, has taken a turn for the worst.  Wong Weng Sun has to come out to steady the ship.  Otherwise below m8c is a real possibilty in the near future and below 6c is  apossibility in 2022. halleluyah      ( Date: 31-Aug-2021 14:19) Posted: if US mkt go correction, tis will drop jialat again...super junk....Sept is a bad mth fr mkt.....
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TigerPlay Master	31-Aug-2021 14:35        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look very jialet laiow, yesterday I still think got hope like maybe 1ct, now really show the true colour laiow, jialet
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ckmpd1 Supreme	31-Aug-2021 14:24        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so far, 21million SMM rights sold at 0.2c per right
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