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bystander1965 Supreme	28-Oct-2020 16:59        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	The bond was 3.55%. Anything below that will have savings. At 2% say the saving is already more than 20m. I am curious to see how much cash they used to redeem the bond. arctician1982      ( Date: 28-Oct-2020 16:36) Posted: hypothetical example only, i am not sure whats their rate but must be below the bond coupon rate to do the redemption.  St.Maximus      ( Date: 28-Oct-2020 16:31) Posted: Agreed! good move Except I am not so sure they can get 1% loan. Too low because usually the cost of funds is already 1%. Then plus the interest rate offered,. in the end 1 plus % or even 2
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St.Maximus Supreme	28-Oct-2020 16:37        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	My question is will the banks lend to SCI? They got money to??
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arctician1982 Senior	28-Oct-2020 16:36        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hypothetical example only, i am not sure whats their rate but must be below the bond coupon rate to do the redemption.  St.Maximus      ( Date: 28-Oct-2020 16:31) Posted: Agreed! good move Except I am not so sure they can get 1% loan. Too low because usually the cost of funds is already 1%. Then plus the interest rate offered,. in the end 1 plus % or even 2% arctician1982      ( Date: 28-Oct-2020 16:29) Posted: they redeem the bond probably because their credit lines offer a lower loan rate. now SIBOR falling so if they can loan at 1% for example, naturally they will redeem the 3% bond and save paying 2%. No impact on working capital but save on all the interest costs for next few years.
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mrwise Supreme	28-Oct-2020 16:36        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Safe counter to ride up the trend... collect dividend along the way..
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St.Maximus Supreme	28-Oct-2020 16:31        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed! good move Except I am not so sure they can get 1% loan. Too low because usually the cost of funds is already 1%. Then plus the interest rate offered,. in the end 1 plus % or even 2% arctician1982      ( Date: 28-Oct-2020 16:29) Posted: they redeem the bond probably because their credit lines offer a lower loan rate. now SIBOR falling so if they can loan at 1% for example, naturally they will redeem the 3% bond and save paying 2%. No impact on working capital but save on all the interest costs for next few years.
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arctician1982 Senior	28-Oct-2020 16:29        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	they redeem the bond probably because their credit lines offer a lower loan rate. now SIBOR falling so if they can loan at 1% for example, naturally they will redeem the 3% bond and save paying 2%. No impact on working capital but save on all the interest costs for next few years.
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St.Maximus Supreme	28-Oct-2020 16:28        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	No $3, no sell. Remember India IPO?
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mattohoh Elite	28-Oct-2020 16:26        mattohoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lol. Not no 2 no sell? eugesun      ( Date: 28-Oct-2020 16:19) Posted: Tomorrow 1.8 and we sell for profit....lol Waterrat      ( Date: 28-Oct-2020 15:59) Posted: Today settle down at 1.62/1.63  tmr fight again
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eugesun Elite	28-Oct-2020 16:19        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow 1.8 and we sell for profit....lol Waterrat      ( Date: 28-Oct-2020 15:59) Posted: Today settle down at 1.62/1.63  tmr fight again
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St.Maximus Supreme	28-Oct-2020 16:03        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Same here, just a business proposition. Do not take it as Gospel truth horr. Let us wait for further confirmation from business update and 2020 FY report. bystander1965      ( Date: 28-Oct-2020 16:01) Posted: The point not the redemption of the bond but the ability to do so. Anyway it was just some fun speculation on my part. Don't take it too seriously. john_ric      ( Date: 28-Oct-2020 15:57) Posted: may have other reasons than the redemption of bond but who knows?? anyway am happy with the surge in price.
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bystander1965 Supreme	28-Oct-2020 16:01        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	The point not the redemption of the bond but the ability to do so. Anyway it was just some fun speculation on my part. Don't take it too seriously. john_ric      ( Date: 28-Oct-2020 15:57) Posted: may have other reasons than the redemption of bond but who knows?? anyway am happy with the surge in price.
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Waterrat Veteran	28-Oct-2020 15:59        Waterrat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today settle down at 1.62/1.63  tmr fight again
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john_ric Supreme	28-Oct-2020 15:57        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	may have other reasons than the redemption of bond but who knows?? anyway am happy with the surge in price.
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St.Maximus Supreme	28-Oct-2020 15:08        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Me speculate like you that SCI operating cash flows are positive enough to repay debt. End of speculation! bystander1965      ( Date: 28-Oct-2020 15:04) Posted: Yes. But it must have the financial muscle to do that. That's my point. But anyway I was just purely speculating for a reason for the run these few days. Haha. St.Maximus      ( Date: 28-Oct-2020 15:02) Posted: Let us think in a business way. The redemption of the bond means Sembcorp will be less burdened by debt going forward. With less interest payments, net profits will be higher. End of business commentary
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bystander1965 Supreme	28-Oct-2020 15:04        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Yes. But it must have the financial muscle to do that. That's my point. But anyway I was just purely speculating for a reason for the run these few days. Haha. St.Maximus      ( Date: 28-Oct-2020 15:02) Posted: Let us think in a business way. The redemption of the bond means Sembcorp will be less burdened by debt going forward. With less interest payments, net profits will be higher. End of business commentary. bystander1965      ( Date: 28-Oct-2020 14:56) Posted: Let's speculate. Q3 update coming, perhaps a stellar quarter? Yes there will a huge loss in p&l due to smm share price well below terp. But that's just accounting loss. Co said cash flow will be positive. Maybe good? Otherwise why use portion of cash now to redeem the 1.5b bond? End of speculation. 😄
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St.Maximus Supreme	28-Oct-2020 15:02        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let us think in a business way. The redemption of the bond means Sembcorp will be less burdened by debt going forward. With less interest payments, net profits will be higher. End of business commentary. bystander1965      ( Date: 28-Oct-2020 14:56) Posted: Let's speculate. Q3 update coming, perhaps a stellar quarter? Yes there will a huge loss in p&l due to smm share price well below terp. But that's just accounting loss. Co said cash flow will be positive. Maybe good? Otherwise why use portion of cash now to redeem the 1.5b bond? End of speculation. 😄
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bystander1965 Supreme	28-Oct-2020 14:56        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Let's speculate. Q3 update coming, perhaps a stellar quarter? Yes there will a huge loss in p&l due to smm share price well below terp. But that's just accounting loss. Co said cash flow will be positive. Maybe good? Otherwise why use portion of cash now to redeem the 1.5b bond? End of speculation. 😄
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humblestudent666 Senior	28-Oct-2020 14:53        humblestudent666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	actually we raved alot... but has it reached any of the analysts prices? i recall most of the " analysts" were giving SCI a valuation of 1.7-$2 post de-merger... or am I ill-informed?
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humblestudent666 Senior	28-Oct-2020 14:48        humblestudent666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	my prediction - correction will happen this week, sell down, then accumulate up again those with contra DYODD those who have longed since 1.1 or 1.2 just collect div and sleep for next few years this will slowly fly at this point, idk any other big companies with the same standing in sg that can fight
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St.Maximus Supreme	28-Oct-2020 14:43        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keeping it crossed with you, Danger!
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