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Sembmarine
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ysh2006
Supreme |
24-Aug-2016 07:32
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Use $185M to buy more shares PPL will this give SMM more business to do...? Ah Kong said anything ?..so rich than don't need me to help you loh....
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granto
Master |
24-Aug-2016 06:39
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Sembcorp Marine buys out PPL Shipyard |
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investshare
Supreme |
23-Aug-2016 22:35
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Sembmarine looks aggressive in this challenging environment. Hopefully they know what they are doing. | ||||
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investshare
Supreme |
23-Aug-2016 22:17
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Sembcorp Marine acquires remaining 15% stake in PPL Shipyard
By PC Lee / theedgemarkets.com.sg | August 23, 2016 : 8:40 PM MYT Printer-friendly versionSend by emailPDF version SINGAPORE (Aug 23): Sembcorp Marine is acquiring the remaining 15% stake in PPL Shipyard for US$115.1 million ($209.5 million) in cash. PPL is in the business of designing, constructing, repairing and improving of oil rigs, ships and other ocean-going vessels. Sembcorp Marine says the investment in PPL has helped propel the company to be a global player in the design and construction of jackup and semi-submersible rigs. Since 2001 until 2015, PPL has made cumulative profits of over $1.6 billion. Cumulative cash dividends for the same period received by the company from PPL have also amounted to $540 million. Following the acquisition, PPL will become a wholly-owned subsidiary of the Sembcorp Marine. The company will also have full control of PPL. ?This will enable the company to optimally manage the businesses, finance and resources of PPL, and fully align the latter?s corporate strategies to the Company to generate sustainable returns,? says Sembcorp Marine in its filing. Sembcorp Marine signed the a sale and purchase agreement with PPL Holdings and E-Interface Holdings on Tuesday. Shares of Sembcorp Marine closed 0.4% lower at $1.32. |
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xuxuxu
Senior |
23-Aug-2016 21:32
Yells: "Flow With The Money" |
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The US$115 million consideration will be funded through internal cash resources and debt.
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xuxuxu
Senior |
23-Aug-2016 21:27
Yells: "Flow With The Money" |
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Sembcorp Marine pays $115m for PPL control Yangzijiang Shipbuilding sells 15% stake in Singapore shipbuilding facility, ending embattled partnership with rival. |
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Moomoomoo
Senior |
23-Aug-2016 20:59
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What are the likely outcome of OPEC meeting next month, and how it will impact sembcorp marine? Anyone care to share their view? | ||||
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Know-Your-Stuff
Senior |
23-Aug-2016 14:16
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Haha then you should quickly buy. And buy big big. :) | ||||
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investshare
Supreme |
23-Aug-2016 13:30
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But Keppel price keep going up 
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ysh2006
Supreme |
23-Aug-2016 13:29
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Buy for long long winter...e
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investshare
Supreme |
23-Aug-2016 13:18
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Can get $1.50 or not?
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john_ric
Supreme |
21-Aug-2016 21:22
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tiger air ipo price how much and privatise price how much.
think..... semM may suffer the sane fate. privatise price cheap cheap few cents. ..... chatered semi cond.... |
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investshare
Supreme |
21-Aug-2016 18:36
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Any one familiar with Sembmarine history? Was there any right or split when the share price drop frm $4+ to current level? | ||||
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ysh2006
Supreme |
21-Aug-2016 18:33
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But Philip's submarine remisier predit the GO price below $1 ...?
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sgng123
Supreme |
20-Aug-2016 13:59
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Sembmarine delisting coming next year and temasek would only wanna pay 1 dollar for it joking lol. 1 dollar buyback is so cheap consider it had   10 billion orderbook lol, temasek top management gathering their evil friends and try to consolidated 75% stake to do a SMRT SOA lol. By the way sembcorp own 60% and itself is owned 50% by temasek, double layers ownship lol. |
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buysellbuysell
Master |
20-Aug-2016 11:36
Yells: "someone please sell down low so that others can buy low" |
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i say to you guys, buyers beware.... the toxic domino effect have already started and it' s rippling though the oversupplied shipping markets. oil price just makes it more slippery. swiber... otto marine suing hoe leong... more to come... and now this spinoff from semb marine... a spinoff can either mean good or mean really spinoff... means spin and off liao.. bo liao.... DYODD play safely wear protection. TP for semb marine ~$0.9x probably. |
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earlybird14
Supreme |
20-Aug-2016 11:20
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Stupid and crazy move to buy a Europe ship design company for 20M with 3.8 net tangible asset. They thought they bought apps programming company which own ip of the games.
The annually overhead cost is so high in Norway. Without project they have to pay easily 100k per head per year. With the conflict of interest, no shipyards will employ this company to design for them. End up sorely design for sembmar. Eventually employees will leave the company and join or set up another one. The 20M just gone. If you are shipbuilding company just focus to be specialised in shipbuilding and focus on production design and leave this naval or specialised design to design firm and run themselves and pay for the cost what is needed per project and priced it in individual project. Don't ever think you can be dominated or control the market, just be specialised and better than other on what you do will do. Keppel jackup rigs was successful previously is not because of the design is because of the standardization, fast build and on time delivery to make them successful and meeting market demand on time on schedule. Through out the past years, the only decision make wrongly by Keppel is privatisation of Keppel land and make them not so cash rich in today market. But sembmar is the one making mistake and mistake again, sometimes operate in very cyclic industry, be conservative is very important. Just matter of time, Temasek need to bail up this baby.
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granto
Master |
20-Aug-2016 07:22
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Sembcorp Marine buys Norwegian ship design company:  http://splash247.com/sembcorp-marine-buys-norwegian-ship-design-company/ |
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granto
Master |
19-Aug-2016 14:37
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Samsung Heavy eyes taking Singapore on at ship repair:  http://splash247.com/samsung-heavy-eyes-taking-singapore-ship-repair/ |
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earlybird14
Supreme |
19-Aug-2016 10:05
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I don't play penny. For those who don't play penny. Sgx market is only top 30 bluechips plus offshore market. I don't even want to classify them as O& g. They are offshore oil and gas market which is relatively niche market compared to the whole o&g.
So widen view and access to global market. Sgx has become a very quiet and abandon market even klse is more attractive compared to Sgx nowadays.
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