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Sembcorp Ind
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Singtel Bullish???
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freeme
Elite |
19-Aug-2020 14:57
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It can be quite entertaining reading forumers' comments here. Still vested since b4 demerger announcement until now. |
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Hawker80
Senior |
19-Aug-2020 14:53
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you think too much bro.. haha i will always appear when you Alibaba U turn.. I am still staying here, holding my prediction SCM will go back to 25 cents and SCI will followed accodingly.. how about you? sold all the SCI and run away? One time BB short is able to scare you away.. the loyal sci holder will stay. and we will hold it back.
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lawsershare
Senior |
19-Aug-2020 14:45
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An Entrepreneur invested money requires 3 to 5 years business to realise an unknown return... 50/50 Shareholders conscientiously invested money into a well known Organisation Companies with strong Giant as their backup and upcoming lucrative recurring returns are projected... 100/100 Looks like Faith is what SCI & SCM Shareholders needed now...  |
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danger
Supreme |
19-Aug-2020 14:34
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jose if SCI rally back above 1.90 , will you buy back again ? | ||||
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Laurenpanna
Veteran |
19-Aug-2020 14:25
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thanks hahaha not sure if i am really wise. but i observe that today market, generally most of the stock are down. yes it could be due to BB that short SCI but it could also be due to general market sentiment. I will give it some time , if SCI drop beyond my breakeven point, at most i average down.
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danger
Supreme |
19-Aug-2020 14:20
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think 75% of investors hold above $2 | ||||
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DaFatCat
Member |
19-Aug-2020 14:18
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Im holding at 1.95. How ah? Feels like a dangerous price | ||||
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Octavia
Supreme |
19-Aug-2020 14:15
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WHAT YOU MUST DO WITH YOUR SEMB CORP MARINE RIGHTS Sembcorp Marine rights will be trading on SGX today (19 Aug 2020). There are at least 3 options you can consider. Regardless which you choose, you MUST ACT. Please don& rsquo t repeat the SIA renounceable rights and MCBs episode previously. If you need more information, you can refer to this where we explained what Sembcorp Marine and Sembcorp Industries wanted to do. Here& rsquo re the relevant documents from Sembcorp Marine about the offer. To make it easier for you, these are your possible options: Option 1: Sell These are renounceable rights which means they will be traded on SGX. You can choose to sell them instead of paying to convert them to shares. My guess is that the initial price would be close to $0.02 since Sembcorp Marine closed at $0.22 and the conversion price is $0.20 for each right. But of course the prices are subjected to changes due to market forces and perceptions. How many rights will you have? You get 5 rights for every share you own. Simply multiply the Number of Share you own by 5 to get the number of rights you have. You can also login to your CDP account or refer to your broker& rsquo s letter (if you held the shares in a custodian account) to confirm the number. Who should consider selling? You should sell if you have NO intention to subscribe the rights. At least you get back some cash. Don& rsquo t let it expire. You have until 27 August 2020 at 5.00 pm to sell them and after which the counter will be delisted. The counter is Sembcorp Marine R (SGX:THFR). Option 2: Subscribe You can also subscribe by paying $0.20 to convert each right to a share in Sembcorp Marine. If you have 1,000 shares, you would be granted 5,000 rights. You can pay $1,000 to convert the rights to shares and you will end up with a total of 6,000 shares. If you wish to subscribe, make sure you do so within the time period! You can pay for the conversion at the ATMs (shares held in CDP) or transfer to your broker (shares held in custodian). The acceptance of the payments and applications starts from 19 Aug 2020, 9am and ends on 2 Sep 2020, 5pm. Option 3: Subscribe to partial rights and sell remainder The last option is that you can subscribe to fewer rights than you were entitled. For e.g., you have 5,000 rights but only wish to subscribe to 2,000 rights. You can pay for the 2,000 rights ($400), and SELL the remaining 3,000 rights that you want to give up. You& rsquo ll need to take 2 actions: SELL the rights which you don& rsquo t wish to convert and, PAY for the partial rights you want to convert within the stipulated dates. I recommend you to do both at the same time in case you forget to do one and not the other. Option 4: Subscribe to MORE rights You can also subscribe to more rights than what you were given. To do so, you can either: BALLOT for excess rights by paying for more rights during the application, or BUY more Sembcorp Marine R (SGX:THFR) from the stock market. The advantage of the former is that you don& rsquo t need to pay additional fees (above the $0.20 conversion) for the excess rights. But it is a ballot so it isn& rsquo t guaranteed you get what you applied for. The advantage of buying the rights from the stock market is that you would definitely get the excess rights and can convert them to shares. The downside is that you have to pay extra in this process. Important: Please Act The worst thing you can do in this exercise is to do nothing. You should either sell the rights or pay for them to convert to shares. Last Warning: The rights will stop trading on 27 Aug 2020, 5pm and the last date to pay for conversion would be 2 Sep 2020, 5pm. Decide now and act! |
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vinsano77
Member |
19-Aug-2020 14:09
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Is this counter ex status |
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ckmpd1
Supreme |
19-Aug-2020 14:03
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Agree. SCI is s good share to hold
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mesuper
Member |
19-Aug-2020 13:55
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Both SCI and SMM are pushed down, thanks to whoever helps this. Compared to other shares, it is a huge discount at the moment.Continue to buy and hold. | ||||
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eugesun
Elite |
19-Aug-2020 13:55
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Shorts are on the counter, only 3 million volume, shorts you must have some big volume to scare people to sell, LOL....Hold and get the free shares....LOL.
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uiop1223
Supreme |
19-Aug-2020 13:53
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Theres a commentary in POEMs that the expected merger of SMM and Keppel OM will not happen in near future. So the
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Hawker80
Senior |
19-Aug-2020 13:50
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its also good that you left.. good luck to you as well.. to all the loyal sci holder.. we can make it through.
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JY0064
Senior |
19-Aug-2020 13:48
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Actually, i am quite worry now because there is more ASK than BID for the SCM rights now! Forced to load more SCI soon. |
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TigerPlay
Master |
19-Aug-2020 13:44
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is really hard to say if selling at 1,84 is a good move. Of course on hindsight easy to comment, let say it went further down to 1.70, pp will say good move and buy back, but wat if later it shoot back to 1.98....it all depends on BB again
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ckmpd1
Supreme |
19-Aug-2020 13:43
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Laurenpanna, you are a wise investor. Just hold on to SCI and you will nt regret
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ckmpd1
Supreme |
19-Aug-2020 13:41
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Yes, buying good shares takes diligence and time. We must not chase the share dailuy and worry abt its ups and downs everyday. We buy it because we are convinnced it has strong fundamentals. SCI is one such share. So just hang in there and wait to pluck the tasty fruits at the right time
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Laurenpanna
Veteran |
19-Aug-2020 13:41
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i am quite numb over the drop of price, probably because SCI is not my only stock dropping today, all my Pennies, blue chips even bank stocks are dropping. STI ETF too. I will Hold SCI until i get the FOC SMM Shares . As for the FOC SMM Shares, i agree with some brothers here that i will Hold them long term to see what happen |
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ckmpd1
Supreme |
19-Aug-2020 13:33
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SCI will bounce back to $2+ by next yr plus all the free SMM shares
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