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Sembcorp Ind
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SembCorp Industries
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SgTrader17
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14-Aug-2020 22:53
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I think he is referring to the distribution of SCM shares in September. Not the rights issue for SCM leh. SCM cum rights already over and now is waiting for rights trading starting from 19/08.
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CheeryVGoh
Supreme |
14-Aug-2020 22:38
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Think cum rights is 2 days from 11/08 to 12/08, X-rights on 13/08. Is a really short period.
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naoshingo
Elite |
14-Aug-2020 20:58
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they purposely timed it so tight with no margin for trading, maybe got conspiracy...like one day chiong  a lot...I donno. Just has to wait. Based on my chart, I hope it go to 2.20 - 2.35 max....
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Octavia
Supreme |
14-Aug-2020 20:31
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Gonna tan Ku Ku.
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ckmpd1
Supreme |
14-Aug-2020 20:25
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with loss making SCM cut off, I predict SCI will easily cross $3 when business picks up
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naoshingo
Elite |
14-Aug-2020 20:21
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Possible this one day...SCI up to $3?    haha
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ysh2006
Supreme |
14-Aug-2020 20:15
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So they can eat thing fast and settled before Oct 1 PRC NDP...outsiders cannot buy right so need to sell away cheap cheap !!..
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ysh2006
Supreme |
14-Aug-2020 20:06
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Ya hor this is the reason 99% voted for this right issue so they could push SMM shares down to collect no one can fight with them...
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naoshingo
Elite |
14-Aug-2020 20:03
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Actually, the cum-distribution is only one day....extremely short in my opinion...have you guys seen anything like that before in other stocks? No chance to contra also or for people to trade. |
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ckmpd1
Supreme |
14-Aug-2020 19:56
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whether sci comes with 4.91 or 4.27 SCM, both will benefit SCI holders.  huat ah
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Goldfinger
Supreme |
14-Aug-2020 19:46
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DBS Bank is appointed as the sole financial adviser to SCI and is also the sole financial adviser, lead manager and underwriter for Sembmarine.
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SgTrader17
Elite |
14-Aug-2020 19:42
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Another countdown begins ... 17 trading days left for cum distribution of free SCM shares to SCI Shareholders. Who wants to get, they will buy within the 17 days. Whoever shorts will have to do and cover back within the 17 days too, before prices make a comeback to $2.00. 17 trading days seems long to us ... Close one eye, monitor less on the prices and I think the end results will be a good one. All the best. | ||||
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Fangqq
Member |
14-Aug-2020 19:33
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Should be 20× 4.91=98.2 vs 22.5× 4.27=96.07 plus SCI will receive $225mil from SCM about $0.125 per share (225mil ÷ 1.79bil)
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Goldfinger
Supreme |
14-Aug-2020 19:23
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Suspect SCM will rally as there are underwriters supporting? They would want SCM shareholders to subscribe. | ||||
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SgTrader17
Elite |
14-Aug-2020 19:12
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Whether SCM goes down or up, it will still benefits SCI in a different perspective, as the demerger plan is to pay dividends to SCI in SCM Shares. As mentioned, either we get more SCM shares (if no one wants the rights and Temasek/SCI takes it up) or we get a higher price when there is some demand and keep the price of SCM above 20 cents. Then after XE, we can expect a better financial reports for SCI in the future when the economy recovers and drag by SCM is a history. Expect SCI to gradually to grows in the better sectors of renewable and urban developments. Maybe a start of XE price at $1.05 to $1.10 then slowly climbs to $1.20 to $1.30 in next one year? Hope so. World economies a big factor and the virus to go away will be most important. Dyodd. Vested in SCI and SCM now. Good luck all. | ||||
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ckmpd1
Supreme |
14-Aug-2020 18:37
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Good point.  Either way, SCI holders gain. I dont think SCI holders will get 4.2 as I think there are some naive SCM shareholders who bought SCM and locked up their shares for dividends..  Even if SCM is 25c, there will be substantial shareholders who dont know how to subscribe for their rights..  Also as mentioned earlier, even at 22c, some SCM holders will not bother to subscribe. At the end of the day, SCI holders are likely to get mpore than 4.2 SCM
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CheeryVGoh
Supreme |
14-Aug-2020 17:15
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Sold in June at 0.50 & use the proceeds to buy back when new rights shares start trading, say at 0.20 to 0.21, already it is a tidy profit.    Don' t sell all in Jun, good to keep 1 or  100 shares and use the proceeds to apply for excess shares.
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Octavia
Supreme |
14-Aug-2020 17:11
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Big hands will push below 20c to make it illogical to subscribe and hardly anyone got the chance to make money from selling the rights.TH will get a bigger slice of the rights aka gaining bigger control of SMM at a cheap price hence make it easier to privatise.
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CheeryVGoh
Supreme |
14-Aug-2020 16:55
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Ya, think so. Better off by selling in June when SMM was still trading  at 0.50. 
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CheeryVGoh
Supreme |
14-Aug-2020 16:46
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Will not go below 20ct before rights trading or subscription period ended, if it is allowed to happen then who will pay 20ct to buy the rights shares? Then this exercise will fail?  Possible to reach 21ct to 22.5ct though.   
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  hah