| Latest Forum Topics / Seatrium Last:0.091 -- |
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SEMBMARINE - A NEW CHAPTER - DEMERGED
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St.Maximus
Supreme |
02-Nov-2020 12:01
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Exactly! Even if they issued twice the number of shares to get the required funding, the share price would have fallen further.  | ||||
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danger
Supreme |
02-Nov-2020 11:51
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temasek cannot price the rights too low too cheap .. else how to get that $1.5 billion funding they need ? it was already a massive discount off the trading price of 85 cents then
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St.Maximus
Supreme |
02-Nov-2020 11:49
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Think what you like but this would mean TH is some opportunist and not the ' nursing' mother of SMM.
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ADS2200
Veteran |
02-Nov-2020 11:47
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alwayshopeful said " why they want the share price to fall?" after the demerger till today, almost 2 months scm investor relation did not bring confidence to investors.  cannot blame many who cite that temasek is involved or engineered the price to drop to this level. whoever in charge need to be fired !!! our beloved founding father has the iron in him to do what is best for the country. the rights was well received .... 90.2% subscribe during a time like this that rock the world world.  what did they report ??? https://www.businesstimes.com.sg/companies-markets/sembcorp-marine-rights-issue-undersubscribed-temasek-to-mop-up-1b-shares Sembcorp Marine rights issue undersubscribed Temasek to mop up 1b sharesTHE Sembcorp Marine (SMM) rights issue of shares to recapitalise the company was undersubscribed, with valid acceptances and excess applications received for 9.4 billion rights shares, or 90.2 per cent of the nearly 10.5 billion rights shares available.shouldn' t it be reported that the rights was well subscribed by the shareholders during this unprecedented pandemic that rocked the whole world. temasek only left with 9.8% to mop up the remainder of the rights !!!
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weekaykee
Master |
02-Nov-2020 11:44
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They initially had no desire to privatise SMM. Just like their withdrawal from their offer to increase their stake in KC, they could based on subequent corporate and stock price movements, changed their mind and would now be considering a privatisation of SCM. It would be neater for them to privatise SCM and then merge it with KOM , especially when they can now get it for peanuts,
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St.Maximus
Supreme |
02-Nov-2020 11:38
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If TH wanted SMM cheaper, they could jolly well have set the rights price at 10 cents. Why din they do that?
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weekaykee
Master |
02-Nov-2020 11:31
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While TH would not inititiate it, but it might be very happy to let the SMM' s price collapse, if due to the very fluid situation, they had decided to take SMM private. I bet if they offer 20 cts when the price is 10 cts, 90% of SHs will grab the offer. And 20 cts for TH would be dirt cheap and they will laugh all the way to the bank after merging it with KOM.
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danger
Supreme |
02-Nov-2020 11:29
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so your avg holding price is 17c or higher ?
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weekaykee
Master |
02-Nov-2020 11:27
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Majority of it are free shares courtesy of SCI and bought some after ex-rights.
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naoshingo
Elite |
02-Nov-2020 11:27
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Support together! 
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ckmpd1
Supreme |
02-Nov-2020 11:26
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Maybe follish to some but not to others.  Let us wait and see who has the last laugh
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weekaykee
Master |
02-Nov-2020 11:25
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KC started their 100 days review from early Oct. So should be around 70 more days to go. But then again, i am very sure KOM' s fate was decided way before the start of the 100 days review. KC would be in advanced stage of discussions with the buyer.
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Octavia
Supreme |
02-Nov-2020 11:24
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Why newspapers all tiam tiam about this?
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danger
Supreme |
02-Nov-2020 11:24
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you are fierce .. write off 451 lots or 451,000 shares ??!! like that you lose how much seah ?
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St.Maximus
Supreme |
02-Nov-2020 11:23
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It is very foolish if TH wanted to bring down the share just to do something. It does not make any business sense at all to hit your own company and then support it back. It is like getting yourself injured or in bad health deliberately in order to nurse yourself back to health. That is absolutely ridiculous!
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weekaykee
Master |
02-Nov-2020 11:22
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I have got 451 lots but i will still wait. Will write it off if necessary but willing to take the gamble as i do not think TH will allow it go bankrupt without trying to do something.
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danger
Supreme |
02-Nov-2020 11:18
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i got about 65 lots now altogether with SCM free shares .. I KPKB now  Temasek holding how many billions of SCM  ... those jokers lose until blur |
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ckmpd1
Supreme |
02-Nov-2020 11:17
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A stock is not valued on its present situation alone.  I am one of the investors who look forward to a stock' s future value.  Unlike you, I dont think SCM is hopeless.  On the contrary, I see the present low value of SCM as an opporunity for TH to do something for SCM
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easywin
Supreme |
02-Nov-2020 11:16
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TM iwith big capital is ok, retailers are using CPF hard earned money cannot affordable to loss 
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Maller
Elite |
02-Nov-2020 11:11
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Anyone write to smm? Can share? Dyodd  | ||||
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