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Octavia Supreme	30-Mar-2015 13:53        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	In connection to the widening corruption probe in Brazil, Sembcorp Marine (SMM) disclosed that one of its agents, Guilherme Esteves de Jesus, who was involved in several rig contract awards, has been arrested by the Brazilian authorities. Recall in Jan ' 15, an ex-Petrobras executive alleged that shipyard contractors, including Keppel Corp and SMM, paid bribes to secure rigbuilding contracts from Sete Brasil, a company set up to own rigs for state-owned Petrobras. Due to the ongoing investigations, Sete Brasil is on the brink of a technical default after Brazilian Development Bank delayed a US$3.2b loan, which left the Brazilian rig owner at least two months in arrears on its payments to contracted shipyards. While both SMM and Keppel Corp has denied any involvement or wrongdoings in the corruption cases, citing their strict anti-bribery policy, Maybank-KE reckons that a write-down for the shipyards may be inevitable. Currently, SMM is building seven drillships worth US$5.6b for Sete Brasil, and have invested close to US$1b in a new yard in Brazil, while Keppel Corp has six submersible orders worth US$4.9b under construction. Maybank-KE maintain its Sell rating on SMM (TP $2.65) and Hold on Keppel Corp (TP $8.60).
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KAMAL0883 Supreme	30-Mar-2015 12:59        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	no big deal lah..... under table kopi money can settle liao ysh2006      ( Date: 30-Mar-2015 07:39) Posted: Sembmarine announced that their Brazilian consultants involved in contract awards was arrested by Brazilian authority....will this affect their share price ? earlybird14      ( Date: 24-Mar-2015 09:46) Posted: Cut loss trigger. fail to take the oil price rise trend. highly likely will seek for new low. Sad counter.
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ysh2006 Supreme	30-Mar-2015 12:44        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share price reacted to this news , see later will it drops more ?... ozone2002      ( Date: 30-Mar-2015 09:48) Posted: It was reported that illegal payments had been made in connection with contracts entered into by Petrobras and/or Sete Brasil. SembCorp Marine is unable to comment on the truth or otherwise of these allegations and its internal investigations are continuing. At this juncture, the scandal has affected Sete Brasil&rsquo s fund-raising activities and thus payments to rigbuilders since Nov&rsquo 14. The other three Brazilian shipyards who were awarded 16 rig contracts in total have or are considering to cancel the rigbuilding contracts. Singapore rigbuilders have previously mentioned that they would continue with the rig construction while awaiting Sete Brasil&rsquo s secure of fundings. We believe cancellation risk is relatively low for Singapore rigbuilders, being the few yards that are competent to deliver rig and production platform on time, unless Sete Brasil fails to secure funding for a prolonged period and the shipyards decided to withdraw. In that case, yards could suffer financial loss given the higher production cost in Brazil and declining asset price.
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ozone2002 Supreme	30-Mar-2015 09:48        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	It was reported that illegal payments had been made in connection with contracts entered into by Petrobras and/or Sete Brasil. SembCorp Marine is unable to comment on the truth or otherwise of these allegations and its internal investigations are continuing. At this juncture, the scandal has affected Sete Brasil&rsquo s fund-raising activities and thus payments to rigbuilders since Nov&rsquo 14. The other three Brazilian shipyards who were awarded 16 rig contracts in total have or are considering to cancel the rigbuilding contracts. Singapore rigbuilders have previously mentioned that they would continue with the rig construction while awaiting Sete Brasil&rsquo s secure of fundings. We believe cancellation risk is relatively low for Singapore rigbuilders, being the few yards that are competent to deliver rig and production platform on time, unless Sete Brasil fails to secure funding for a prolonged period and the shipyards decided to withdraw. In that case, yards could suffer financial loss given the higher production cost in Brazil and declining asset price.
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RoundRound Elite	30-Mar-2015 08:20        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	Double whammy. Falling crude oil prices & now arrest of consultants. Actually last Saturday already got public news of major arrest in Brazilian news ysh2006      ( Date: 30-Mar-2015 07:39) Posted: Sembmarine announced that their Brazilian consultants involved in contract awards was arrested by Brazilian authority....will this affect their share price ? earlybird14      ( Date: 24-Mar-2015 09:46) Posted: Cut loss trigger. fail to take the oil price rise trend. highly likely will seek for new low. Sad counter.
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ysh2006 Supreme	30-Mar-2015 07:39        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembmarine announced that their Brazilian consultants involved in contract awards was arrested by Brazilian authority....will this affect their share price ? earlybird14      ( Date: 24-Mar-2015 09:46) Posted: Cut loss trigger. fail to take the oil price rise trend. highly likely will seek for new low. Sad counter.
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ozone2002 Supreme	26-Mar-2015 14:45        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:2.98     Vol:2493k     +0.05 buy low sell high.. forget abt the noise.. the true mark of a value investory gd luck dyodd ozone2002      ( Date: 24-Mar-2015 11:24) Posted:   Last:2.9     Vol:1948k     -0.02 hard to find stocks that still give 4% divy yield in this rising market downside risk is lower compared to stocks that are at 5 yr high..yikes! Buy VALUE, don' t chase higher prices gd luck dyodd.. charliel3ong      ( Date: 24-Mar-2015 10:25) Posted: sembmarine AGM meeting April 17 to finalise dividend proposal and early May will XD dividend i remember was still quite decent at 13cents. thats 4% plus dividend yield. 2.90 plus looks fair to me. but after XD in May, could plunge real deep, depending on how the oil market fare in May.
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ozone2002 Supreme	24-Mar-2015 11:24        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:2.9     Vol:1948k     -0.02 hard to find stocks that still give 4% divy yield in this rising market downside risk is lower compared to stocks that are at 5 yr high..yikes! Buy VALUE, don' t chase higher prices gd luck dyodd.. charliel3ong      ( Date: 24-Mar-2015 10:25) Posted: sembmarine AGM meeting April 17 to finalise dividend proposal and early May will XD dividend i remember was still quite decent at 13cents. thats 4% plus dividend yield. 2.90 plus looks fair to me. but after XD in May, could plunge real deep, depending on how the oil market fare in May.
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charliel3ong Senior	24-Mar-2015 10:25        charliel3ong About Contact  Quote this Post!
x 0   x 0  Alert Admin	sembmarine AGM meeting April 17 to finalise dividend proposal and early May will XD dividend i remember was still quite decent at 13cents. thats 4% plus dividend yield. 2.90 plus looks fair to me. but after XD in May, could plunge real deep, depending on how the oil market fare in May.
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earlybird14 Supreme	24-Mar-2015 09:46        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Cut loss trigger. fail to take the oil price rise trend. highly likely will seek for new low. Sad counter.
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earlybird14 Supreme	20-Mar-2015 14:54        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	Chart show turning bearish signal, may go up next week. Part some here, hope got kopi money.
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wangwa Senior	18-Mar-2015 14:47        wangwa About Contact  Quote this Post!
x 0   x 0  Alert Admin	I guess those who bought have to keep long term. Who expects oil to stay depressed for long
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ysh2006 Supreme	18-Mar-2015 11:31        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why this is another TH stock but is in OG! forumers not interested till it come down alot than said why? ? ysh2006      ( Date: 18-Mar-2015 08:44) Posted: Yesterday newspaper said investigation deepen into Petrobras Scandal Widens....wonder share buy back can help ?..I observed the more it buy the more it drops .... ysh2006      ( Date: 26-Feb-2015 09:12) Posted: They make mistake it was SCI buy not TH..and was on Dec last year before   Brazil bank halt payment and EAS cancelled rig order lah...
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ysh2006 Supreme	18-Mar-2015 08:44        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday newspaper said investigation deepen into Petrobras Scandal Widens....wonder share buy back can help ?..I observed the more it buy the more it drops .... ysh2006      ( Date: 26-Feb-2015 09:12) Posted: They make mistake it was SCI buy not TH..and was on Dec last year before   Brazil bank halt payment and EAS cancelled rig order lah... wangwa      ( Date: 25-Feb-2015 22:56) Posted: Temesek and sembcorp and sembmarine had bought back shares in open market recently.
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ysh2006 Supreme	26-Feb-2015 09:12        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They make mistake it was SCI buy not TH..and was on Dec last year before   Brazil bank halt payment and EAS cancelled rig order lah... wangwa      ( Date: 25-Feb-2015 22:56) Posted: Temesek and sembcorp and sembmarine had bought back shares in open market recently.
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PauloGan Member	26-Feb-2015 07:12        PauloGan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most will keep long term whey they are in paper loss LOL
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wangwa Senior	25-Feb-2015 22:56        wangwa About Contact  Quote this Post!
x 0   x 0  Alert Admin	Temesek and sembcorp and sembmarine had bought back shares in open market recently.
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newbie24 Veteran	25-Feb-2015 22:30        newbie24 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Same, believe that it will bounce back and it has high dividend yield too kenzo1975      ( Date: 25-Feb-2015 19:15) Posted: keep long term
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kenzo1975 Member	25-Feb-2015 19:15        kenzo1975 About Contact  Quote this Post!
x 0   x 0  Alert Admin	keep long term
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ysh2006 Supreme	25-Feb-2015 15:17        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No forumer interested ? ysh2006      ( Date: 25-Feb-2015 11:16) Posted: Oil & Gas counters not so popular here ? no forumer interested ?
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