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SembCorp Marine- The new Frontier. Post Reply Rate topic
ahhuat08 Elite	19-Jul-2021 14:17        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	now the biggest fear hanging over this counter is 2 fold, after rights, G will make a low ball mandatory offer for all shares, 2, in the event if no offer is forthcoming, traders/investors have totally lost confidence in this counter, and there might be another rights issue on the way,  when other o & g counters rallied on the wti recovery and this one is still languishing in the low 10s, that already tell u something is fundamentally wrong. dyodd MANFREDTMK      ( Date: 19-Jul-2021 14:04) Posted: Investors are forward looking. Yes, I agree we are being shortchanged big time, but let not look at the past. It's not going to be around anymore even though the first cut is the deepest. Look forward, for every door closes, 3 doors open. This is the brightening prospects going forward. Otherwise BB will not want to increase its stake to 67%. What is the implication? With only 33% free float, a small increase in demand is enough to cause a Squxxx on everybody face. Besides, not all Rights issue are bad. If the funds are used to finance projects with good IRR, the share price actually flys. So if the Combined Entity clinch big projects, a Rights issue is positive for share price, not negative. But as I mentioned many times when prices are falling, even though for the wrong reason, every justification will continue to be supported and validated, based on Hindsight. MANFREDTMK      ( Date: 19-Jul-2021 13:44) Posted: No doubt about that, but the rights issue strengthens the company, not necessary a bad thing. It's the MISPRICING that caused the share price to collapse and generates all the negativism. Given the collapse, it's easy to speak on HINDSIGHT and justify everything because the falling prices will validate everything. It will continue to drift until the Rights is over. Let's see what happens when the Rights is over and prices gradually start to rise from December onwards.
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MANFREDTMK Master	19-Jul-2021 14:04        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Investors are forward looking. Yes, I agree we are being shortchanged big time, but let not look at the past. It's not going to be around anymore even though the first cut is the deepest. Look forward, for every door closes, 3 doors open. This is the brightening prospects going forward. Otherwise BB will not want to increase its stake to 67%. What is the implication? With only 33% free float, a small increase in demand is enough to cause a Squxxx on everybody face. Besides, not all Rights issue are bad. If the funds are used to finance projects with good IRR, the share price actually flys. So if the Combined Entity clinch big projects, a Rights issue is positive for share price, not negative. But as I mentioned many times when prices are falling, even though for the wrong reason, every justification will continue to be supported and validated, based on Hindsight. MANFREDTMK      ( Date: 19-Jul-2021 13:44) Posted: No doubt about that, but the rights issue strengthens the company, not necessary a bad thing. It's the MISPRICING that caused the share price to collapse and generates all the negativism. Given the collapse, it's easy to speak on HINDSIGHT and justify everything because the falling prices will validate everything. It will continue to drift until the Rights is over. Let's see what happens when the Rights is over and prices gradually start to rise from December onwards. sutiono      ( Date: 19-Jul-2021 13:27) Posted: Can continue to talk until the cow come , the rigjt issue will be voted yes in coming egm . TH already own close to 50 %
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ahbui8 Master	19-Jul-2021 13:52        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do you know what is stocks that are highly diluted, the more shares outstanding the more volume needed for their share price to move. Dilution is a common penny stock scam by CEO&rsquo s of worthless companies to make money off suckers MANFREDTMK      ( Date: 19-Jul-2021 13:44) Posted: No doubt about that, but the rights issue strengthens the company, not necessary a bad thing. It's the MISPRICING that caused the share price to collapse and generates all the negativism. Given the collapse, it's easy to speak on HINDSIGHT and justify everything because the falling prices will validate everything. It will continue to drift until the Rights is over. Let's see what happens when the Rights is over and prices gradually start to rise from December onwards. sutiono      ( Date: 19-Jul-2021 13:27) Posted: Can continue to talk until the cow come , the rigjt issue will be voted yes in coming egm . TH already own close to 50 %
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MANFREDTMK Master	19-Jul-2021 13:44        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	No doubt about that, but the rights issue strengthens the company, not necessary a bad thing. It's the MISPRICING that caused the share price to collapse and generates all the negativism. Given the collapse, it's easy to speak on HINDSIGHT and justify everything because the falling prices will validate everything. It will continue to drift until the Rights is over. Let's see what happens when the Rights is over and prices gradually start to rise from December onwards. sutiono      ( Date: 19-Jul-2021 13:27) Posted: Can continue to talk until the cow come , the rigjt issue will be voted yes in coming egm . TH already own close to 50 %
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sutiono Veteran	19-Jul-2021 13:27        sutiono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can continue to talk until the cow come , the rigjt issue will be voted yes in coming egm . TH already own close to 50 %
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MANFREDTMK Master	19-Jul-2021 13:19        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil prices should remain firm for at least the next 3 years simply because the FED has indicated that they will not be raising interest rates for the next two years. This implies that the US$ will remain weak which translate to firmer commodities prices given the inverse relationship. In addition, massive Quantitative Easing by all countries, not only US, implies INFLATION, INFLATION, INFLATION will be the natural progression going forward. Hence higher oil prices and higher shipping freight rates will continue to drive the demand for shipping carriers and oil rigs which is quite under-built over the last 4 years. SM will turnaround, fast and furious. Analysts, please take note. better      ( Date: 19-Jul-2021 13:00) Posted: 👍 MANFREDTMK      ( Date: 19-Jul-2021 12:51) Posted: That will never happen. What the CEO needs to do going forward is to be proactive. Learn to see beyond the nose. Saved all the good news until the Rights issue is over. Then call an Analyst Briefing to update them of the potential and strength of this recapitalize company, the brightening prospects of the Rig and Green Energy industries. As the tide is already coming in, there's only that much orders that the Chinese and Korean yards can fulfill. The spillover will benefit SM. The twin turbo is about to fire on all 4 cylinders. The Green Energy market is the game changer for this decade. And Sembcorp Marine has been into it 4 years ago, which now accounts for 50% of the businesses. More importantly,out of the ten new tenders, there's the likelihood of getting at least 3. Progress payment coming in over the next 2 years will further strength the financial position of the firm. In addition, clear the mistrust on the merger and protect SM shareholders. The merger is actually beneficial, the productive and financial gain can be substantial, provided SM will not get short change by Keppel out of this deal. Learn how to negotiate wisely.
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better Elite	19-Jul-2021 13:00        better About Contact  Quote this Post!
x 0   x 2  Alert Admin	👍 MANFREDTMK      ( Date: 19-Jul-2021 12:51) Posted: That will never happen. What the CEO needs to do going forward is to be proactive. Learn to see beyond the nose. Saved all the good news until the Rights issue is over. Then call an Analyst Briefing to update them of the potential and strength of this recapitalize company, the brightening prospects of the Rig and Green Energy industries. As the tide is already coming in, there's only that much orders that the Chinese and Korean yards can fulfill. The spillover will benefit SM. The twin turbo is about to fire on all 4 cylinders. The Green Energy market is the game changer for this decade. And Sembcorp Marine has been into it 4 years ago, which now accounts for 50% of the businesses. More importantly,out of the ten new tenders, there's the likelihood of getting at least 3. Progress payment coming in over the next 2 years will further strength the financial position of the firm. In addition, clear the mistrust on the merger and protect SM shareholders. The merger is actually beneficial, the productive and financial gain can be substantial, provided SM will not get short change by Keppel out of this deal. Learn how to negotiate wisely. TigerPlay      ( Date: 19-Jul-2021 11:30) Posted: So did they give the reason for pricing the right at 8cts?
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MANFREDTMK Master	19-Jul-2021 12:51        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	That will never happen. What the CEO needs to do going forward is to be proactive. Learn to see beyond the nose. Saved all the good news until the Rights issue is over. Then call an Analyst Briefing to update them of the potential and strength of this recapitalize company, the brightening prospects of the Rig and Green Energy industries. As the tide is already coming in, there's only that much orders that the Chinese and Korean yards can fulfill. The spillover will benefit SM. The twin turbo is about to fire on all 4 cylinders. The Green Energy market is the game changer for this decade. And Sembcorp Marine has been into it 4 years ago, which now accounts for 50% of the businesses. More importantly,out of the ten new tenders, there's the likelihood of getting at least 3. Progress payment coming in over the next 2 years will further strength the financial position of the firm. In addition, clear the mistrust on the merger and protect SM shareholders. The merger is actually beneficial, the productive and financial gain can be substantial, provided SM will not get short change by Keppel out of this deal. Learn how to negotiate wisely. TigerPlay      ( Date: 19-Jul-2021 11:30) Posted: So did they give the reason for pricing the right at 8cts?
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newbie19 Supreme	19-Jul-2021 11:35        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 1  Alert Admin	Yes, hope it will not happens...Who is the master mind! TigerPlay      ( Date: 19-Jul-2021 10:57) Posted: Dun think there will be another one Ri, this one oredy 8cts, next one how much 5cts, 2cts? The managements are incapable, hope they are not stupid too newbie19      ( Date: 19-Jul-2021 10:19) Posted: Only God knows whether there will be another rights issue ....
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newbie19 Supreme	19-Jul-2021 11:30        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Whatever the reasons....It should NOT call for the rights issue within a short time period, less than 1 year!!!!!   idwish      ( Date: 19-Jul-2021 11:26) Posted: How many Singaporean lost their hard-earned money due to poor pricing of rights and poor managment....I am sure many seniors have used their CPF meant for retirement :(
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TigerPlay Master	19-Jul-2021 11:30        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	So did they give the reason for pricing the right at 8cts?
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idwish Senior	19-Jul-2021 11:26        idwish About Contact  Quote this Post!
x 0   x 0  Alert Admin	How many Singaporean lost their hard-earned money due to poor pricing of rights and poor managment....I am sure many seniors have used their CPF meant for retirement :(
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MANFREDTMK Master	19-Jul-2021 11:21        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any decision to rescind or modify the terms of the rights issue would need to be seriously considered by the board, taking into consideration any new material circumstances that may arise," the spokesperson added. Spokesperson is really amusing. A company needs $1.5b, but even before the deal is done, it caused lenders to lose around $1b because of this financing arrangement, hence reducing their financing ability. Is this considered MATERIAL enough or maybe $1b is still considered as trivial. Yatsa13      ( Date: 19-Jul-2021 11:01) Posted: Sias comprises of professionals.  Last week, the Securities Investors Association (Singapore) (Sias) pointedly asked Sembmarine what lessons it had learnt from the tepid response to its S$2.1 billion rights issue last year and what it is doing differently with the S$1.5 billion rights issue announced last month.  ​ Even a forumer, Manfred on 30 June said " The Rights issue is set and price wrongly. Based on the current issue of 3 Rights shares at 8 cents per share, for every 2 shares you owned, the ex-right price is 12.44 cents cents.The problem begins." The spokesperson also said the board had considered various financing options, and believed the rights issue to be in the best interest of the company and its shareholders. " Any decision to rescind or modify the terms of the rights issue would need to be seriously considered by the board, taking into consideration any new material circumstances that may arise," the spokesperson added. It will not stop here when such injustice is being done blalantly. My friends told me a group of minority shareholders are bringing the matter up.  The Sembmarine' s board cannot be collecting their salary and not protect the interest of Sembmarine.  MANFREDTMK      ( Date: 30-Jun-2021 22:31) Posted: The Rights issue is set and price wrongly. Based on the current issue of 3 Rights shares at 8 cents per share, for every 2 shares you owned, the ex-right price is 12.44 cents cents.The problem begins. Foreign funds that are not registered in Singapore can't subscribe to the Rights issue. So they have no choice, but to quickly sell now because if they don't, when the share goes ex-right, it will drop to the ex-right price of 12.44. That causes the free fall to 12 cents now. This will trigger another round of force selling in addition to margin calls. Why? Based on 12 cents, the ex-right price adjust further down to 9.6 cents. So better sell now than wait till ex-right and lose another 2.4 cents. This becomes a viscous cycle until price settle around 8.5 cents. All these selling would be avoided if the Rights issue is set correctly. For instance, it can be 1.5 Right shares at 16 cents per share, for every 2 existing shares that you owned, then the ex-right price will be 18.28 cents. In this case, SM still get the same amount $1.5b. But the market price need not fall below 18.28. The Shipbuilding industry has turned around and the Green Energy industry is roaring. The Rights issue strengthens the company, there's no reason for the price to fall 40% to potentially 60% because of the Rights issue, more so, if it's correctly set and priced.
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newbie19 Supreme	19-Jul-2021 11:20        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I don`t like to curse...... But i think the Master MInd who proposed the rights issue should be no happy endings,,, 8cts so pathetic!!! raykee      ( Date: 19-Jul-2021 11:09) Posted: crap management all i can say.. no pride junk
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raykee Veteran	19-Jul-2021 11:09        raykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	crap management all i can say.. no pride junk
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Yatsa13 Veteran	19-Jul-2021 11:07        Yatsa13 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ben Paul has highlighted in his last paragraph. He did not want to say incapable, useless or " cho bo lan" instead he said need to be as proactive as Keppel' s in engaging the market. TigerPlay      ( Date: 19-Jul-2021 10:57) Posted: Dun think there will be another one Ri, this one oredy 8cts, next one how much 5cts, 2cts? The managements are incapable, hope they are not stupid too newbie19      ( Date: 19-Jul-2021 10:19) Posted: Only God knows whether there will be another rights issue ....
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Yatsa13 Veteran	19-Jul-2021 11:01        Yatsa13 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sias comprises of professionals.  Last week, the Securities Investors Association (Singapore) (Sias) pointedly asked Sembmarine what lessons it had learnt from the tepid response to its S$2.1 billion rights issue last year and what it is doing differently with the S$1.5 billion rights issue announced last month.  ​ Even a forumer, Manfred on 30 June said " The Rights issue is set and price wrongly. Based on the current issue of 3 Rights shares at 8 cents per share, for every 2 shares you owned, the ex-right price is 12.44 cents cents.The problem begins." The spokesperson also said the board had considered various financing options, and believed the rights issue to be in the best interest of the company and its shareholders. " Any decision to rescind or modify the terms of the rights issue would need to be seriously considered by the board, taking into consideration any new material circumstances that may arise," the spokesperson added. It will not stop here when such injustice is being done blalantly. My friends told me a group of minority shareholders are bringing the matter up.  The Sembmarine' s board cannot be collecting their salary and not protect the interest of Sembmarine.  MANFREDTMK      ( Date: 30-Jun-2021 22:31) Posted: The Rights issue is set and price wrongly. Based on the current issue of 3 Rights shares at 8 cents per share, for every 2 shares you owned, the ex-right price is 12.44 cents cents.The problem begins. Foreign funds that are not registered in Singapore can't subscribe to the Rights issue. So they have no choice, but to quickly sell now because if they don't, when the share goes ex-right, it will drop to the ex-right price of 12.44. That causes the free fall to 12 cents now. This will trigger another round of force selling in addition to margin calls. Why? Based on 12 cents, the ex-right price adjust further down to 9.6 cents. So better sell now than wait till ex-right and lose another 2.4 cents. This becomes a viscous cycle until price settle around 8.5 cents. All these selling would be avoided if the Rights issue is set correctly. For instance, it can be 1.5 Right shares at 16 cents per share, for every 2 existing shares that you owned, then the ex-right price will be 18.28 cents. In this case, SM still get the same amount $1.5b. But the market price need not fall below 18.28. The Shipbuilding industry has turned around and the Green Energy industry is roaring. The Rights issue strengthens the company, there's no reason for the price to fall 40% to potentially 60% because of the Rights issue, more so, if it's correctly set and priced.
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TigerPlay Master	19-Jul-2021 10:57        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dun think there will be another one Ri, this one oredy 8cts, next one how much 5cts, 2cts? The managements are incapable, hope they are not stupid too newbie19      ( Date: 19-Jul-2021 10:19) Posted: Only God knows whether there will be another rights issue ....   uiop1223      ( Date: 19-Jul-2021 09:21) Posted: $500m question. Will keppel sh get foc SMM shares and how many from the $500m windfall from SMM for a business they so desperately want to get rid? And the fall of SMM will be determined by how many SMM shares give to keppel SH Even if payment by cash, then SMM will run out of money soon and call for another rights issue 😁
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newbie19 Supreme	19-Jul-2021 10:19        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Only God knows whether there will be another rights issue ....   uiop1223      ( Date: 19-Jul-2021 09:21) Posted: $500m question. Will keppel sh get foc SMM shares and how many from the $500m windfall from SMM for a business they so desperately want to get rid? And the fall of SMM will be determined by how many SMM shares give to keppel SH Even if payment by cash, then SMM will run out of money soon and call for another rights issue 😁
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vicloo Supreme	19-Jul-2021 10:17        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, price will only stablizes post merger with KOM TigerPlay      ( Date: 19-Jul-2021 10:08) Posted: Although im a long term supporter now, but for this period im afraid it will drop further given the forthcoming bad result. Let it happen and let it passed, before the rainbow can appear again and bright sun start to shine, hopefully hor. Now dun dream of it bouncing back to 15cts or wat, it will drift unless something good turn out of the blue.
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