| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembCorp Marine- The new Frontier.
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bystander1965
Supreme |
30-Aug-2021 13:03
Yells: "What I say is just my assessment. DYODD" |
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Usually you will find that sending your round lots on the main one and discard the odd pieces is better than selling them on the odd lot counter.
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pkli899
Supreme |
30-Aug-2021 13:02
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Oh forgot about it totally. Thanks.
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bystander1965
Supreme |
30-Aug-2021 13:01
Yells: "What I say is just my assessment. DYODD" |
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56GR for odd lots
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beng1102
Elite |
30-Aug-2021 13:01
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1c should be $0.01  but offer likely to be less.  Better just subscribe and wait for price to recover.
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pkli899
Supreme |
30-Aug-2021 12:51
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Why got 2 code: Y5VR 56GR
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Stocky901
Supreme |
30-Aug-2021 12:30
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Worth $0.001 only. Many will unload tomorrow.. 🤔 🤔
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ahbui8
Master |
30-Aug-2021 12:17
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Just checked, rights in CDP liao   |
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ahhuat08
Elite |
30-Aug-2021 11:52
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tomorrow is the trading of nil paid rights,    | ||||||
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bystander1965
Supreme |
30-Aug-2021 11:28
Yells: "What I say is just my assessment. DYODD" |
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If mother share stays at 9c, then rights maybe highest 0.8c or 0.9c. There is always a discount. Otherwise one might as well just buy the mother share. However if no one wants the rights, I doubt the mother share price will have any effect. But conversely if mother share is pressed down, the right price will surely go down further. Such is the case for rights issue from a loss making company. I am curious to see what the right price will be come next week. |
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TigerPlay
Master |
30-Aug-2021 11:23
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i won' t be surprised. there are 2 school of tot now. if the invisible hand continue to support it at 9cts or above, right should be 1ct or above logically. maybe later we may get a surprise after 3pm.
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better
Elite |
30-Aug-2021 11:19
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Actually, I sold 1.8mil shares last wednesday at 9.6 cents.  See whether can buy back now at 9 cents.
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vivacious
Supreme |
30-Aug-2021 11:17
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wah how many lots u hv now apart from those 1.8M that u r queing
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better
Elite |
30-Aug-2021 11:10
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Still very far from it.  My shareholding is very much below the 5% mark. Gone down a few hundredth of a percent with the rights issue. Quite an unforeseen and unfortunate event....because of gan jong spider CEO. Wong should be chief engineer rather than CEO. Should employ a natural salesman like Loh Chin Hua. Losses also can say EBIT positive!  
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ahbui8
Master |
30-Aug-2021 11:05
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i do feel current SCM =  murphy law You might be surprise tommorrow rights trade above 1cts. LOL  
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vivacious
Supreme |
30-Aug-2021 11:03
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600 lots at wat px?  Im looking at this long term - not subscribed to any rights whatsoever, just buying the mothershare off the mkt.
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sutiono
Veteran |
30-Aug-2021 11:00
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You will soon end up as one of the substantial SHs , and need to declare every single trade .
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ahbui8
Master |
30-Aug-2021 11:00
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MO need to get SH approval lah, offer at 8cts, no SH will bite it.  
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TigerPlay
Master |
30-Aug-2021 10:59
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i do have abit only 600 lots. u still buying now, everybody or almost all think it will go towards 8cts 2morrow. U think differently?
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stanleytay
Master |
30-Aug-2021 10:59
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Bro, tomorrow will be lower than 9c. If you are buying such a big size. Wait for tomorrow. Cheers No point be hero now
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WiseInvestor
Elite |
30-Aug-2021 10:58
Yells: "Forex Biz Opportunity for traders!" |
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Don' t try to sell your rights entitlement or shares for the sake of buying excess rights issue at 8 cents. Excess rights is rights who are not taken up by other shareholders or are sold on the market. The reason is that hedge funds (shortists) have a professional strategy of making huge profit, i.e by buying the rights back at lower price on the market, leaving not much excess rights for other shareholders (who sell rights on the market from tomorrow) to obtain. If the hedge funds buying the below said 373M rights back at lower price, then they still have 248M short position (shares) on 22 Sept 2021 when the new right shares will begin trading.  Foolish traders who bought at price ranging from about 14.7 cents at the highest to 10.3 at lowest during the announced rights issue plan period, because their money will be lost if they currently dump more shares, and even sell rights for just loss.  Do your own math to make proper decision.
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