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commando Master	08-Jun-2020 21:32        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sure kena short jialut..... lovetoshare      ( Date: 08-Jun-2020 21:26) Posted: that means tomorrow all shorties will Wack marine hard. as this announcement is not in favor to marine at all.....
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ICXGOLD Master	08-Jun-2020 21:31        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes best example is Singapore Airlines. Suspended on 26th March @ $6.50 and announced rights at 50l3% Discount ( rights price $3) and TERP $4.40. On 27th Marxh it opened @ $6 and wend down to $4.40 on ex date it fell further down to $3.50 and then recovered to $4.40 now.. lovetoshare      ( Date: 08-Jun-2020 21:26) Posted: that means tomorrow all shorties will Wack marine hard. as this announcement is not in favor to marine at all.....
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lovetoshare Elite	08-Jun-2020 21:29        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	within half hour tomorrow , I think Marine will sink to the bottom of Titanic Liao. All rushing to get out asap....those bought at high price one also ke Lian. still must fork out money to buy more Marine shares which don't make sense.
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lovetoshare Elite	08-Jun-2020 21:26        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	that means tomorrow all shorties will Wack marine hard. as this announcement is not in favor to marine at all.....
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ICXGOLD Master	08-Jun-2020 21:22        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembcorp Marine will go downwards heading towards TERP $0.30 as no one going to pay $1 for a share thats issuing rights at $0.20. Expect sharp drop in this tomorrow
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ICXGOLD Master	08-Jun-2020 21:18        ICXGOLD About Contact  Quote this Post!
x 0   x 1  Alert Admin	The rights ex date will only be decided end of august / early September after EGM of both companies. With regard to holding 100,000 sembcorp marine shares. You are entitiled to subscribe for 500,000 sembcorp marine shares @ 0.20 ( which will cost you 500000×0.20 = $100,000) Even if you have $100,000 under your pillow dont subscribe to the Sembcorp Marine rights issue. Instead = BUY ( U96 ) Sembcorp Industries = Parent of Sembcorp marine. For every 100 shares you own in U96 you will get 427-497 FREE RIGHTS SHARES in Sembcorp Marine as Dividend. I.e., that $100,000 under the pillow you have kept to buy rights shares on SM if you buy SCI = The last close of SCI ( U96 ) was 1.53 but I am.using $1.75 as I am pretty sure you won't see that price anymore. $100,000 ( YOUR CASH ) / ( U96 PRICE ) = 57,142 SCI Shares RIGHTS DIVIDEND CALCULATION : 57142 / 100 = 571 × 427 = 243,817 FREE Sembcorp Marine Shares if you sell this at TERP of $0.30 1) 243,817 × 0.3 = $73,145 from sale of your free shares. 2) Sale of 57214 Sembcorp Industries Shares ( Book value will be around $2.70) but we well for $1.75. Anything above = additional profit. 57215 shares × $1.75 = your $100,000 back under the pillow. 3) Your current 100,000 Sembcorp Marine shares at any price say $0.30 = $30,000 4) sale of premuim for your Right to subscribe = ( Current price - 0.20 ) say 0.01 = 500,000 x 0.1 = $50000 Total.inflow = 73,145 + 100,000 + 30,000 + 50000 Total Outflow = YOUR CURRENT COST ON THE 100K Sembcorp marine you hold + 100,000 Profit = Inflow - Outflow Assumptions : that you will sell Sembcorp industries at $1.75 its likely to be closer to $2.2, Assumed you will exist Sembcorp Marine after the ex date in September at TERP 0.30, and that you will make.only 0.10 on premium. Noob79      ( Date: 08-Jun-2020 17:37) Posted: 1)When is the right expiry date? 2) u mean if I hold 100000 shares, automatically I will get 500000shares? Or I need to subscribe the 500000 shares@$0.2. Fork out $100000? ICXGOLD      ( Date: 08-Jun-2020 20:31) Posted: The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------ The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI ) SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM ) + whatsever we sell 1714 of SCI for = profit
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lovetoshare Elite	08-Jun-2020 21:17        lovetoshare About Contact  Quote this Post!
x 0   x 1  Alert Admin	only one direction for SMM tomorrow ma. this guy is so cute.... $1? find huge oil before 8.30am sure $1 (maybe no demand too). hahaha ahhuat08      ( Date: 08-Jun-2020 21:15) Posted: hahahaahahaha, already said, terp is 30.8 cts liao, and where do u get the figure of 1 buck unless smm find oil tonite flylow6      ( Date: 08-Jun-2020 21:12) Posted: can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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ahhuat08 Elite	08-Jun-2020 21:15        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hahahaahahaha, already said, terp is 30.8 cts liao, and where do u get the figure of 1 buck unless smm find oil tonite flylow6      ( Date: 08-Jun-2020 21:12) Posted: can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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lovetoshare Elite	08-Jun-2020 21:14        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	but who will still buy SM marine at $1? flylow6      ( Date: 08-Jun-2020 21:12) Posted: can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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commando Master	08-Jun-2020 21:14        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha, u funny flylow6      ( Date: 08-Jun-2020 21:12) Posted: can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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lovetoshare Elite	08-Jun-2020 21:12        lovetoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	buy SCI then... all know oil and gas won't last long. Acewind      ( Date: 08-Jun-2020 19:35) Posted: Hi, need some views or help to understand this rights thing. I have 20lots (20,000) of SMM at $1.38. Ignore I fully subscribed to the rights I am entitled to 100lots at $0.20 (total $20k). Then my avg cost will be $0.396? ($13800x2 + $20000 = $46700 /120000) . What will the trading price be of SMM after all the rights is over? scenario 2: if I don&rsquo t buy the rights, but I am still entitled to 100lots? I can sell them rights during the rights trading week? Assuming the rights is trading at 20cents, I sell all I will get back $20k? Sorry I am confused, is that how it works? if I cut my loss for SMM tomorrow, I will not be entitled for the rights? Which scenarios or method is the best to reduce my loss? :(
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ahhuat08 Elite	08-Jun-2020 21:12        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	u can refuse to suscribe to the rights but u will will ur 100k shares keep dropping in value lor if i were u, i would just subscribe to the 500k shares, and fork out the sgd100k, and wait for it to recover alternatively, i will cash out 100K smm shares and convert to sci shares, afterall, if the egm passes thru' , u will be entiled to 100:427 shares of smm just my 2 cts, anyway its highly dilutive for smm, but its really unlocking value for sci. Noob79      ( Date: 08-Jun-2020 20:53) Posted: 1)When is the right expiry date? 2) u mean if I hold 100000 shares, automatically I will get 500000shares? Or I need to subscribe the 500000 shares@$0.2. Fork out $100000? ICXGOLD      ( Date: 08-Jun-2020 20:31) Posted: The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------ The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI ) SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM ) + whatsever we sell 1714 of SCI for = profit
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flylow6 Senior	08-Jun-2020 21:12        flylow6 About Contact  Quote this Post!
x 0   x 0  Alert Admin	can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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newbieliu Elite	08-Jun-2020 21:08        newbieliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Big swings ahead avoid at all cost . Unless ur speculative
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wenyen Master	08-Jun-2020 20:57        wenyen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tmr start trading agn, halt lifted bormon      ( Date: 08-Jun-2020 20:05) Posted: Unhalt already?
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Noob79 Master	08-Jun-2020 20:53        Noob79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1)When is the right expiry date? 2) u mean if I hold 100000 shares, automatically I will get 500000shares? Or I need to subscribe the 500000 shares@$0.2. Fork out $100000? ICXGOLD      ( Date: 08-Jun-2020 20:31) Posted: The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------ The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI ) SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM ) + whatsever we sell 1714 of SCI for = profit
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danger Supreme	08-Jun-2020 20:47        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Saudi Arabia' s Rawabi to invest $278.6 mil in Swiber eyes US$1 bil LNG project
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deviljin Member	08-Jun-2020 20:42        deviljin About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is brilliant...
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ICXGOLD Master	08-Jun-2020 20:31        ICXGOLD About Contact  Quote this Post!
x 1   x 0  Alert Admin	The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------ The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI ) SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM ) + whatsever we sell 1714 of SCI for = profit
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governor Veteran	08-Jun-2020 20:22        governor About Contact  Quote this Post!
x 0   x 0  Alert Admin	There will be a new quote on the stock exchange for e.g only like sembmarine R etc.  to exercise rights,it can be done via atm. Take a look at the rights document,they will give instruction on exercise of rights. alfredx      ( Date: 08-Jun-2020 20:01) Posted: Can I ask about 2 and 3.. How to sell right and how to exercise rights? governor      ( Date: 08-Jun-2020 19:49) Posted: take your pick.  1.) sell the share,no entitlement to rights shares 2.) sell the rights  3.) exercise your rights 4.) do nothing (lose the most money
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