| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembCorp Marine- The new Frontier.
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ckmpd1
Supreme |
31-Aug-2021 14:21
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Yes.  This latest SMM rights issue shows the dire straits SMM is in.  Bad mgmt and bad business.  8.4c now.  Will it go lower this week?
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halleluyah
Supreme |
31-Aug-2021 14:19
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if US mkt go correction, tis will drop jialat again...super junk....Sept is a bad mth fr mkt..... | ||||
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Abe8888
Member |
31-Aug-2021 14:13
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For $3000 you can buy 1,000,000 rts. So why bother to apply excess if you really want? Of course you need $80,000 to pay up even if you really want :)
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Yatsa13
Veteran |
31-Aug-2021 14:08
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Small holding, not worth even to sell. So disappointed with the whole exercise  Good luck to all of you.
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sutiono
Veteran |
31-Aug-2021 13:55
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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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pkli899
Supreme |
31-Aug-2021 13:46
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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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Abe8888
Member |
31-Aug-2021 13:45
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You may apply for Excess Rights Shares (ie. more than the amount that you are offered). Excess Rights Shares are  not guaranteed. Offered (allotted) Rights Shares are guaranteed. If there are insufficient Excess Rights Shares to satisfy all valid excess applications by shareholders, the basis of allocation will be determined by Sembcorp Marine. May not be so easy???
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ETLee8
Master |
31-Aug-2021 13:37
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Much appreciated, Bro
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ckmpd1
Supreme |
31-Aug-2021 13:36
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ckmpd1
Supreme |
31-Aug-2021 13:34
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Good points. No need to hurry.  Time is on our side
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TigerPlay
Master |
31-Aug-2021 13:24
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There are only 1.3mils share traded at 8.4cts and only 22 trades done. Those who got it damn lucky at least for today, dun think it gonna go down any further although I hope so, as I parked money (enuff for 1 million share) to buy the right. Really dun mind if I can get it from the market at below 8cts instead if it happen today, Let hope it drop even further for us to pick cheap durian lor. Dun mind losing the right lor. | ||||
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PhillipTan
Supreme |
31-Aug-2021 13:22
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What I meant was the rights share price offered is fixed at 8 cents That is what he is also what he is asking  
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weekaykee
Master |
31-Aug-2021 13:17
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I don' think the MO price is fixed at 8 cts. TH can offer a price higher than 8 cts.
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weekaykee
Master |
31-Aug-2021 13:16
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Yes it will be very easy to get excess shares . But then you will have to hope for TH making an MO higher than 8 cts to make money. Otherwise , if you are still holding after the MO at 8cts by TH expires, good luck to you. It will be going all the way down to 5-6 cts.
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PhillipTan
Supreme |
31-Aug-2021 13:10
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Not going to do anything, at least sell your rights and get some money back  
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pkli899
Supreme |
31-Aug-2021 12:59
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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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makdatok
Supreme |
31-Aug-2021 12:56
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8th Sep end of rights trading? | ||||
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stanleytay
Master |
31-Aug-2021 12:51
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Rebutt you for wat. Next yr 6c? If tis goes up to 0.1 b4 yr end.. i already in the money. The main point is im vested now at this price and i dont post stupid targets like 5c or 6c.. what happen to your 0.3 target when smm was 0.2?
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sutiono
Veteran |
31-Aug-2021 12:41
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Fully agree
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Yatsa13
Veteran |
31-Aug-2021 12:40
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Likely this rights is going to be under-subscribed. Not going to do anything .... Just watch lor |
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