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SembCorp Marine- The new Frontier. Post Reply Rate topic
sutiono Veteran	20-Jul-2021 08:10        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Spot on ! Black and white in clear English also can be misundetstood intentionallly ! uiop1223      ( Date: 20-Jul-2021 07:15) Posted: Strange? all these suckers still hoping T come and recuse you. Its already stated in SMM announcement: The fulfilment by Startree of its obligations under the irrevocable undertaking may result in Temasek and its concert parties incurring an obligation to make a mandatory general offer (the ?Compliance Offer?) for the remaining Shares, in compliance with Rule 14 of the Singapore Code on Take-overs and Mergers. If the Compliance Offer is required to be made, (a) based on information available to Temasek to date, the offer price the Temasek Concert Party Group will be obliged to offer will be the Rights Issue Price and (b) Temasek?s current intention is to maintain the listing status of the Company. The offer will be the rights issue price. Why still dream of higher offer? 😂 😂 😂 😂 😂 😂 So the way to make money (if u long) is to wait for the price to crash below 8cents. Simple. Sell away all shares , dont bother to subscribe. U pay 8 cents and get back 8 cents. Make sense meh? Buy after x-rights if fall below 8cents but there are so mnay other counters in sgx and more in the world. Dont understand why must buy smm shares and lose money 😂 😂 😂 😂 😂
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uiop1223 Supreme	20-Jul-2021 07:15        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strange? all these suckers still hoping T come and recuse you. Its already stated in SMM announcement: The fulfilment by Startree of its obligations under the irrevocable undertaking may result in Temasek and its concert parties incurring an obligation to make a mandatory general offer (the ?Compliance Offer?) for the remaining Shares, in compliance with Rule 14 of the Singapore Code on Take-overs and Mergers. If the Compliance Offer is required to be made, (a) based on information available to Temasek to date, the offer price the Temasek Concert Party Group will be obliged to offer will be the Rights Issue Price and (b) Temasek?s current intention is to maintain the listing status of the Company. The offer will be the rights issue price. Why still dream of higher offer? 😂 😂 😂 😂 😂 😂 So the way to make money (if u long) is to wait for the price to crash below 8cents. Simple. Sell away all shares , dont bother to subscribe. U pay 8 cents and get back 8 cents. Make sense meh? Buy after x-rights if fall below 8cents but there are so mnay other counters in sgx and more in the world. Dont understand why must buy smm shares and lose money 😂 😂 😂 😂 😂
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ahbui8 Master	20-Jul-2021 02:23        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe consider good news as from TH track record of take over offer, if they will to offer MO, I think the offer will be at least TERP. Let BBs decide, if share price bounce back to at least 0.13 mean there are BBs betting TH offer will be at least TERP. Calmroom      ( Date: 20-Jul-2021 01:37) Posted: Got this strange feeling of deja vu when I read about DBS being sole financial adviser, manager and underwriter. Somehow reminded me of the very sad story of investors over at Eagle HT. DBS was also deeply involved. Sigh... minorities always suffer the most. Ok, better head for bed so late liao. ahbui8      ( Date: 20-Jul-2021 01:29) Posted: That the main reason why never offer at 1.5 to 2 at 0.16cts. If not the min offer price will be 0.16. So the 8cts is created to counter the MO.
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Calmroom Master	20-Jul-2021 01:37        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got this strange feeling of deja vu when I read about DBS being sole financial adviser, manager and underwriter. Somehow reminded me of the very sad story of investors over at Eagle HT. DBS was also deeply involved. Sigh... minorities always suffer the most. Ok, better head for bed so late liao. ahbui8      ( Date: 20-Jul-2021 01:29) Posted: That the main reason why never offer at 1.5 to 2 at 0.16cts. If not the min offer price will be 0.16. So the 8cts is created to counter the MO.    Calmroom      ( Date: 20-Jul-2021 01:16) Posted: At least now we know it' s practically guaranteed got general offer because only 1% needed to hit. But very hard to believe a heavily discounted rights price can be used as an offer price. Has any company ever used their rights price as a delisting offer before? Like unheard of. Is 8c truly fair and reasonable? Or only obligatory but not fair and not reasonable
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ahbui8 Master	20-Jul-2021 01:29        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That the main reason why never offer at 1.5 to 2 at 0.16cts. If not the min offer price will be 0.16. So the 8cts is created to counter the MO.    Calmroom      ( Date: 20-Jul-2021 01:16) Posted: At least now we know it' s practically guaranteed got general offer because only 1% needed to hit. But very hard to believe a heavily discounted rights price can be used as an offer price. Has any company ever used their rights price as a delisting offer before? Like unheard of. Is 8c truly fair and reasonable? Or only obligatory but not fair and not reasonable? ahbui8      ( Date: 20-Jul-2021 00:45) Posted: SM  Responses to Investor and Media Queries The Rights Issue price of S$0.08 per share and the Rights ratio were determined in consultation with DBS as the Sole Financial Adviser, Manager and Underwriter, taking into account various factors, including recent market precedents. The 35.7% discount to TERP1 for the current Rights Issue is similar to the 35.1% discount to TERP2 for the 2020 rights issue price. The first rights TERP only 35.1% discount? I thought a lot more as I remember TERP is around 0.295 - 0.30.  Anyway the response is just grandfather story telling
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Calmroom Master	20-Jul-2021 01:27        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	At least now we know it' s practically guaranteed got general offer because only 1% needed to hit. But very hard to believe a heavily discounted rights price can be used as an offer price. Has any company ever used their rights price as a general offer before? Like unheard of. Does TH want to be the first in SGX history? Lol Is 8c is truly fair and reasonable?  Or only obligatory but not fair and not reasonable? ahbui8      ( Date: 20-Jul-2021 00:45) Posted: SM  Responses to Investor and Media Queries The Rights Issue price of S$0.08 per share and the Rights ratio were determined in consultation with DBS as the Sole Financial Adviser, Manager and Underwriter, taking into account various factors, including recent market precedents. The 35.7% discount to TERP1 for the current Rights Issue is similar to the 35.1% discount to TERP2 for the 2020 rights issue price. The first rights TERP only 35.1% discount? I thought a lot more as I remember TERP is around 0.295 - 0.30.  Anyway the response is just grandfather story telling
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better Elite	20-Jul-2021 00:48        better About Contact  Quote this Post!
x 2   x 0  Alert Admin	Done. Lodged a complaint to CAD and MAS against DBS Bank Corporate Finance unit and Temasek holdings for stock market manipulation and predatory market practice respectively. Even if it is all in vain (4 hours of my time), the perpetrators need to know that their under table deeds have not gone unnoticed and they cannot one hand cover the sky. On a brighter note, Temasek' s per share cost after the 2nd rights issue is about 16.3 cents. If your per share cost is lower than that, chances of making money over time is good. MANFREDTMK      ( Date: 19-Jul-2021 22:56) Posted: Thank you so much. Trouble you. Much appreciated by all of us here, for sure. better      ( Date: 19-Jul-2021 20:46) Posted: I would be writing to Monetary Authority of Singapore again and also to the Criminal Affairs Department to highlight iregularities pertaining to DBS Corporate Finance Department during the 1st and current rights issue. I have reasons to believe that the " DBS nominees" who are long Sembmarine shares are also net short by borrowing scripts to hold substantial short positions at the same time, hence violating the Singapore Securities ane Futures Act by holding long and short positions in the same stock at the same time. I also suspect that news of the two rights issue have been leaked to the " DBS nominees" way before they were made public. Would update you guys in due course
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ahbui8 Master	20-Jul-2021 00:45        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SM  Responses to Investor and Media Queries The Rights Issue price of S$0.08 per share and the Rights ratio were determined in consultation with DBS as the Sole Financial Adviser, Manager and Underwriter, taking into account various factors, including recent market precedents. The 35.7% discount to TERP1 for the current Rights Issue is similar to the 35.1% discount to TERP2 for the 2020 rights issue price. The first rights TERP only 35.1% discount? I thought a lot more as I remember TERP is around 0.295 - 0.30.  Anyway the response is just grandfather story telling
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newbie19 Supreme	20-Jul-2021 00:16        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	You are NOT alone. ahbui8      ( Date: 19-Jul-2021 21:33) Posted: Please I' m still stuck with SM that why I keep saying I was cheated! what I mean the offer min price is only 8cts weekaykee      ( Date: 19-Jul-2021 21:26) Posted: You don' t sound like you have any SMM shares. More like you hoping to buy it below 8 cts. Thus the daily grovel in running it down.  And how do you know any  mandatory offer wlll be no higher than the rights price of 8 cts
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fatpanda Supreme	19-Jul-2021 23:50        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	Panda was the "one" to say Long Submarine at around 106 last year when it was still at the low side, and triggered the "uptrend" to 23.5 high. And also said to close the long position if submarine dips below 20. But, unfortunately, still many got trapped inside this submarine.
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fatpanda Supreme	19-Jul-2021 23:26        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	If you sees SMM price chart, it is double top or "M" formation with lower 2nd top. This is a typical distribution pattern in Technical Analysis. It usually indicated that institutions or "Big guy" is selling "systematically" at top. sutiono      ( Date: 19-Jul-2021 20:57) Posted: B4 announcement of Right issue , shate price plunge from.0205 to 0.191 , so suddently . Why ? better      ( Date: 19-Jul-2021 20:46) Posted: I would be writing to Monetary Authority of Singapore again and also to the Criminal Affairs Department to highlight iregularities pertaining to DBS Corporate Finance Department during the 1st and current rights issue. I have reasons to believe that the " DBS nominees" who are long Sembmarine shares are also net short by borrowing scripts to hold substantial short positions at the same time, hence violating the Singapore Securities ane Futures Act by holding long and short positions in the same stock at the same time. I also suspect that news of the two rights issue have been leaked to the " DBS nominees" way before they were made public. Would update you guys in due course
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MANFREDTMK Master	19-Jul-2021 22:56        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you so much. Trouble you. Much appreciated by all of us here, for sure. better      ( Date: 19-Jul-2021 20:46) Posted: I would be writing to Monetary Authority of Singapore again and also to the Criminal Affairs Department to highlight iregularities pertaining to DBS Corporate Finance Department during the 1st and current rights issue. I have reasons to believe that the " DBS nominees" who are long Sembmarine shares are also net short by borrowing scripts to hold substantial short positions at the same time, hence violating the Singapore Securities ane Futures Act by holding long and short positions in the same stock at the same time. I also suspect that news of the two rights issue have been leaked to the " DBS nominees" way before they were made public. Would update you guys in due course. MANFREDTMK      ( Date: 19-Jul-2021 20:31) Posted: Really scary. Exploitation of Man by Man. It's one thing to lose and another thing to get rob. Really unlucky this time, 😭
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sutiono Veteran	19-Jul-2021 22:53        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	If there is MO , offer price is 0.08 as stated clearly in that announcement . For minority SHs , left or right also screwed Calmroom      ( Date: 19-Jul-2021 22:04) Posted: As Startree is owned by TH and DBS is also linked to TH, wonder if someone here knows how many percent of the total rights the two of them need to gobble together in order to trigger a mandatory offer from TH?
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Calmroom Master	19-Jul-2021 22:04        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	As Startree is owned by TH and DBS is also linked to TH, wonder if someone here knows how many percent of the total rights the two of them need to gobble together in order to trigger a mandatory offer from TH?
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MarcLim Veteran	19-Jul-2021 21:45        MarcLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Powderful script if follow. GG  etilatrop      ( Date: 19-Jul-2021 20:02) Posted: The House (TH) always wins... If one or two maneovres disadvantage SMM SHs may be conincidence or inadvertent, but so many measures is not coincidence. This is my perspective: Step 1 kick out SMM from SCI Step 2 get SMM to cough up and repay loans to SCI Step 3 Issue rights, diluted SH value Step 4 Stop taking orders. Splurge and incur costs. Do not cut costs. Step 5  Promote Green restructuring. Good excuse for costs and to explain lack of orders Step 6 Issue rights (Exercise number 2). Further squeeze SHs and dilute more. Push prices down further with low rights price of 8c. Offer super low price. No takeover. Step 7 Merge. Ensure KC is liberated from O& G*Marine and get 500 million from SMM. Dump loss making KOM to SMM. KC SHs get free shares like SCI SHs did. Step 8 More costs incurred due to absorption of KOM and her losses and debts. Still no orders. KC SHs who get free shares dump. Prices far further. Step 9 Share consolidation. Issue rights (Exercise number 3). Further squeeze SHs and dilute more. Push prices down FURTHER. Step 10 Takeover for near zero price. Restructure/Repackage. Suddenly orders come. Relist. Sell. Profit. Chagatai      ( Date: 19-Jul-2021 19:03) Posted: It was all stock market Gambling after-all
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ahbui8 Master	19-Jul-2021 21:33        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please I' m still stuck with SM that why I keep saying I was cheated! what I mean the offer min price is only 8cts weekaykee      ( Date: 19-Jul-2021 21:26) Posted: You don' t sound like you have any SMM shares. More like you hoping to buy it below 8 cts. Thus the daily grovel in running it down.  And how do you know any  mandatory offer wlll be no higher than the rights price of 8 cts? ahbui8      ( Date: 19-Jul-2021 21:20) Posted: Because no one like to invest in a highly diluted stock, the nav will never be above 0.15 after 1H report, and the mandatory offer is not confirm and if the offer is the make, the lowest price is only 8cts. All of the above are man made by SM and TH, so I really feel being cheated.
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etilatrop Member	19-Jul-2021 21:28        etilatrop About Contact  Quote this Post!
x 0   x 0  Alert Admin	Takeover is not desirable for TH. Takes too long to restructure and make money (esp when authorities are not interested in supporting SG' s marine sector like China or Korea are doing). There are international regulatory concerns and prohibitions when a National Sovereign Fund takesover and run SMM. SMM is not SMRT, SMM needs to be competitive to be profitable, and SMM is already lazy and incompetent af already, imagine how lazy they will be under TH. Easier to fleece and profit at SMM' s SHs expense. Calmroom      ( Date: 19-Jul-2021 20:22) Posted: Since ex-rights NTA about 15.8c and any fair & reasonable offer from TH is unlikely to be lower than 15c then, wonder how come sellers still want to dump until 11.3c which was the 1-year low? Why are sellers so scared? No more SCI investors dumping tons of SCM " freebies" this time. This time TH also did not insist on a whitewash waiver first, or else cancel the rights issue. So why do sellers still feel they need to sell at such low prices?
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weekaykee Master	19-Jul-2021 21:26        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	You don' t sound like you have any SMM shares. More like you hoping to buy it below 8 cts. Thus the daily grovel in running it down.  And how do you know any  mandatory offer wlll be no higher than the rights price of 8 cts? ahbui8      ( Date: 19-Jul-2021 21:20) Posted: Because no one like to invest in a highly diluted stock, the nav will never be above 0.15 after 1H report, and the mandatory offer is not confirm and if the offer is the make, the lowest price is only 8cts. All of the above are man made by SM and TH, so I really feel being cheated.  Calmroom      ( Date: 19-Jul-2021 20:22) Posted: Since ex-rights NTA about 15.8c and any fair & reasonable offer from TH is unlikely to be lower than 15c then, wonder how come sellers still want to dump until 11.3c which was the 1-year low? Why are sellers so scared? No more SCI investors dumping tons of SCM " freebies" this time. This time TH also did not insist on a whitewash waiver first, or else cancel the rights issue. So why do sellers still feel they need to sell at such low prices?
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ahbui8 Master	19-Jul-2021 21:20        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Because no one like to invest in a highly diluted stock, the nav will never be above 0.15 after 1H report, and the mandatory offer is not confirm and if the offer is the make, the lowest price is only 8cts. All of the above are man made by SM and TH, so I really feel being cheated.  Calmroom      ( Date: 19-Jul-2021 20:22) Posted: Since ex-rights NTA about 15.8c and any fair & reasonable offer from TH is unlikely to be lower than 15c then, wonder how come sellers still want to dump until 11.3c which was the 1-year low? Why are sellers so scared? No more SCI investors dumping tons of SCM " freebies" this time. This time TH also did not insist on a whitewash waiver first, or else cancel the rights issue. So why do sellers still feel they need to sell at such low prices?
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sutiono Veteran	19-Jul-2021 20:57        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	B4 announcement of Right issue , shate price plunge from.0205 to 0.191 , so suddently . Why ? better      ( Date: 19-Jul-2021 20:46) Posted: I would be writing to Monetary Authority of Singapore again and also to the Criminal Affairs Department to highlight iregularities pertaining to DBS Corporate Finance Department during the 1st and current rights issue. I have reasons to believe that the " DBS nominees" who are long Sembmarine shares are also net short by borrowing scripts to hold substantial short positions at the same time, hence violating the Singapore Securities ane Futures Act by holding long and short positions in the same stock at the same time. I also suspect that news of the two rights issue have been leaked to the " DBS nominees" way before they were made public. Would update you guys in due course. MANFREDTMK      ( Date: 19-Jul-2021 20:31) Posted: Really scary. Exploitation of Man by Man. It's one thing to lose and another thing to get rob. Really unlucky this time, 😭
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