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SembCorp Marine- The new Frontier.
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ahbui8
Master |
07-Jul-2021 13:30
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Anyway who ever stuck with SM, it' s your money so judge by yourself, don' t totally believe in SG broker analysis. To me, even after CR, I believe lowest 9cent, so 9cents vs current 12cents, another 25% paper loss, no big deal as long won' t collapse like Ezion can liao 😂 |
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survivor
Member |
07-Jul-2021 13:08
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0.12 huge blk. Can enter now? | ||||
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TigerPlay
Master |
07-Jul-2021 12:58
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Lately, just these few days, suddenly all the news come out SCM had gotten this and that deal. Could it be potential customers heard of the merger and have greater confident in the merged entity, as such give them the deals? I believe they can turn around from here and with the merger, grow stronger. I dun think it will go below 8cts after the combined entity is formed, my take is that it may actually go towards 20cts. Anyway, I' m only guessing and projecting what I thought will happen, I dun know the future lar. | ||||
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TradeExpert
Veteran |
07-Jul-2021 12:33
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Agree. Look out for other counters like Hong Fok (H30). Been Undervalued for very long. Possibility of even a privatisation. 
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TraderBen
Supreme |
07-Jul-2021 12:27
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to be honest, i never feel they did anything to enhanced shareholders value except by keep diluuting it.. This comapany doesnt care for Shareholders anymore..all they want is ur money,,if things dont turn around soon. another rights issue will be on the cards anytime next year.. get out if there is any dead cat bounce and never look back.. there are so many better counters and opportunities out there..
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Calmroom
Master |
07-Jul-2021 12:19
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I have written in to SMM' s IR Ms Chua to make sure I am trading based on correct information. But as many here may not be SMM shareholders, I feel uncomfortable sharing the contents of any reply or replies I may receive from her. I sincerely suggest SMM investors also write in to clarify any doubts they may have at: [email protected]. |
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Abe2021
Veteran |
07-Jul-2021 12:13
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Well, you maybe right with some of your facts but there are x-factor not within your reach. KS Marine has pivoted toward clean energy about 50%. Watch the video https://youtu.be/xqa1GEI2xEM To say that fresh funds are not coming in, already shows your biasness. What you perceived does not means that that is absolute. " Trade summary shows a buy up yesterday and today" . Whoever that is trying to suppress the price will feel the forces. Such a Mega-Marger at 8c, you are trying to make everyone believe that it will continue to go down south. The market is confidence that this KS giant will rise again afterall the O& M industry is booming. Time to catch the rising tide. Dyodd |
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FATABA
Supreme |
07-Jul-2021 11:49
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I continue to see much MIS information from some here in this forum ...... I have for months advise that those who have shouted 40c, even 80c, wow daily purchase / count down and worst Sell SCI for SM ......the truth is out now / greed and not truely understanding the fundamental of a stock is gambling n not investing. ( sorry the truth is hard to take , from trading maybe 1 or 2 will win out of 10 //// this is statistic , I dont normally comment on trades until the falsehood hit others hard ....like asking ppl to sell SCI ) Now some facts...PLEASE DYODD again n again 1. First on that Temasek MGO .....this most likely would not happen as T has mentioned CLEARLY they wish to keep it listed ( and merge w KOM ) EVEN if an MGO is to happen ....it will be 8c ( yes 8c as in the right issue ) ..pls refer to St Times pg B7 article ) 2. Many claim T cost is 20c from the previous right issue ....yes the right cost is 20c BUT THE REAL COST OF TEMASEK is 3.8c as T have many FREE shares from SCI .....there is also articles on this 3.8c ( u can check it up on your own ) When U put in a TIME FACTOR (which is most important in investing ....) ....then u will have ( below are my personal views ) ( barring any major profitable project wins ....) 1. SM right issue now is for its CRITICAL survive out .....it need this money for projects n for survival ( not for merger / pls note ) The rights will go thru at 8c as its ganrantee by T/DBS ...some SH will subscribe ) 2. I think they would not be any fresh investor into SM are current moment as the merge new say call KS marine is still uncertain on its setup ( not uncertain on its merging .....does SM has a choice if its $$ is runnng low , and Major SH want SM to merge ? ) Fresh investor wld rather wait n see a clear setup .....the clean energy sector is very competitive ...wld SM success against SCI and Kep corp too ? 3. From now to XR ....I wld see SM trading aro 8-12+ ... 4. Old SH of SM ( above $1 ) sorry but the future is super long for it to return .....as rig is not going to return to its old days due to clean energy . Vehicles are moving to EV . Envirorment depend in clean will be stronger . 5. After merge .......( the new KS Marine ) .......how long will rig orders return and how well it can compete on clean energy is every body guess . But one thing is certain ....a merge company will take time ( min 2 yrs) to iron out management changes n its internal capabilties etc. I wish all shareholders of SM well .....but there is always truth n falsehood in a forum . Will return someday . All the best to SM |
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Calmroom
Master |
07-Jul-2021 11:47
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I guess it is likely true that if many investors abandon their mother shares and rights because they don' t believe SMM can do better in future, then TH-owned Startree and TH-linked DBS could really end up with a lot a lot. Then Rule 14(b) should apply. From " reserves the right to re-evaluate its position, taking into account, among other things, the level of acceptances received by the offeror" , it seems TH believes any general offer it makes will be priced attractively enough to receive a significant amount of acceptances. |
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1c2e3s
Veteran |
07-Jul-2021 11:32
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contra play on keppel counter. sian i missed it
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shortyboy
Member |
07-Jul-2021 11:29
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proposed Rights Issue is needed to preserve longer- term shareholder value. there is no certainty that the potential combination will take place $0.20 Rights issue over whats the outcome of current price? Merger NOT Certainty. THINK n look at actual fact history price from dollars to cents? | ||||
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Calmroom
Master |
07-Jul-2021 11:26
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Strange. Dow only slipped by 0.6% but STI quite reddish. I was expecting Keppel' s price to stay strong because many believe the merger will be good for Keppel investors.
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ICXGOLD
Master |
07-Jul-2021 11:21
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If you are a shareholder and have 100 shares your allotment will be 150 shares, however to but additional shares there are 2 options. 1) purchase the rights at .00xx whatever it trades at from other shareholders that dont wish to subcribe. ( Guaranteed allotment ) this involves cost to buy and brokerage. 2) You can request to subcribe for additional shares using an ATM if you are going to pay for your rights using " EPS" in this case if rights are not subcribed fully you will be allotted the rights and this involve a one off cost will be $2 irrespective of number you wish to subcribe or oversubcribe. |
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1c2e3s
Veteran |
07-Jul-2021 11:20
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snp dow jones drop ba most sgx counter drop
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kt3152
Supreme |
07-Jul-2021 11:20
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True and it depends on SMM price when rights is traded....
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Calmroom
Master |
07-Jul-2021 11:18
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Wonder why Keppel price today has dropped 2.2% so far. Previously remember seeing it rally quite a bit. Maybe getting worried SMM might really get privatized if SMM sentiment stays very negative based on its price action? |
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tonyja
Elite |
07-Jul-2021 11:14
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6 July 2021 Dear editor We refer to The Business Times article &ldquo Is Sembmarine' s rights issue to position it for a cash-depleting merger with Keppel O& M?&rdquo written by Ben Paul and published on 5 July 2021, and would like to provide some clarifications to your readers. On 24 June 2021, we made two announcements. The first announcement relates to a Rights Issue aimed at addressing the immediate need to strengthen our financial position and accelerate our expansion into the renewable and clean energy space. The second announcement relates to a non-binding memorandum of understanding (MOU) that we have signed with Keppel Corporation to explore the potential combination of Sembcorp Marine and Keppel Offshore & Marine (Keppel O& M). Your article states that &ldquo the rights issue will probably also position Sembmarine for a potentially cash-depleting merger with Keppel O& M&rdquo . These two announcements are independent of each other. The Rights Issue will address a critical funding need that will see us through till 2022. A potential combination addresses a longer- term goal to reposition Sembcorp Marine and allow us to compete and thrive on a global stage in the new energy sector. We would like to emphasise that the entire amount to be raised from the Rights Issue will be used for our working capital and general corporate purposes, including debt servicing. For the avoidance of doubt, the net proceeds from the Rights Issue will not be used to fund any payment in relation to the potential combination. We are fully mindful that the proposal to raise S$1.5 billion through a fully committed, renounceable Rights Issue comes after an earlier S$2.1 billion Rights Issue in September last year. However, this new Rights Issue is critical as our operations have been severely impacted by the continuing COVID-19 disruptions. Given the challenges, it is vital that we strengthen our balance sheet once again, and enhance liquidity to meet projected operational funding needs, including replenishing our working capital. We hope that our shareholders will understand that this proposed Rights Issue is needed to preserve longer- term shareholder value. On the potential combination with Keppel O& M, while there were no conversations about this in August 2020, the Board and Management are of the view that there could be significant benefits for our shareholders in exploring the potential combination. We would also emphasise that discussions are at a preliminary stage and there is no certainty that the potential combination will take place. If an agreement is reached, a separate Extraordinary General Meeting will be held to seek shareholders&rsquo approval. We are thankful for our shareholders&rsquo understanding over the years, and we look forward to their continued support. Thank you for the opportunity to provide this clarification. If there remain areas requiring further clarification, please reach out to us. Yours sincerely Chua Mun Yuen Head, Investor Relations & Corporate Communications |
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worstt
Member |
07-Jul-2021 11:10
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x 0
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yes... when you have 100 shares, you are allocated with 150 rights... but if SCM CEO has 10000000000 shares, he get allocated 15000000000 rights, but he dont want to subsribe the rights... then he can sell the rights in the right trading market... So you, which have the 100 shares, and go get buy 15000000000 rights from him in the trading market... price depends.... but based on last year, during the last few days of right trading, the price went to 0.001, so technically u have a chance to get excess rights at 8.1 cents...
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Abe2021
Veteran |
07-Jul-2021 11:01
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Yesterday was rather interesting as mentioned by Yatsa13. SMM gained strength towards the end of the trading. Funds are starting to move in. International arena recognised the good in the Mega-Merger that is taking place. https://youtu.be/xqa1GEI2xEM
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kt3152
Supreme |
07-Jul-2021 10:58
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Excess rights tend to use base holding for allocation.. If just holding 100 shares may not get a lot of excess shares....
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