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SembCorp Marine- The new Frontier.
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ahbui8
Master |
06-Jul-2021 11:21
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Yes to me, I will never sell at 0.12 or below, actually it' s a good entry price. 1) After the dilute of 2nd round rights issue, the initial of SM is already consider collapsed! 2) Temasek will be at least over 50% stake in SM
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mkaung2000
Veteran |
06-Jul-2021 11:21
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Short term chart seems turning around. May be going to have some rebound? | ||||
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Lobster
Elite |
06-Jul-2021 11:17
Yells: "Even Adam Khoo believes in the Black Market!" |
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A good piece of neutral view from this guy https://sgwealthbuilder.com/2021/07/06/sembcorp-marine-share-price-faces-takeover-offer/ |
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newbie19
Supreme |
06-Jul-2021 11:11
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I believe...........SMM on paper indicates $1b+ for capital spending and other sources used..... On the hand, YET, they proposed another rights issue............ Sold 300000K at a lost of $17K+. Still holding 200000K...No hope i guessed..
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tonyja
Elite |
06-Jul-2021 11:07
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Market irrational. bb don' t see the way we see
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ahbui8
Master |
06-Jul-2021 11:05
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If that the case, why share price can free fall till below TERP? BBs trying to create fear? To me I just know if without this rights offer issue, SM share will be at least above 0.21.
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TigerPlay
Master |
06-Jul-2021 11:04
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my simple thinking is that when customer heard of the possible merger of the 2 giants, they will have more confident and give them contract. going forward, the combined entity will start to flourish and soar like a revitalised dragon. but,now the right issue will temporary pull down the stock, but i dun think it will be below 8cts, maybe near to 10cts. This is just my simple tot as i m not as well versed in stock compared to the sifu here. just simple mind person. | ||||
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Calmroom
Master |
06-Jul-2021 11:00
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Agree. And since the general offer must be made immediately after the rights allocation results, both mother share price and rights price should rise to adjust for the offer price.
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jesmarnew
Senior |
06-Jul-2021 10:57
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Looking fragile....12.1 like gonna be broken....once broke go 11 series hard to get back 12 series....just watch the bleeding continue...anyway will be losing money next few years so normal for share price to adjust downwards!!! | ||||
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Yatsa13
Veteran |
06-Jul-2021 10:50
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after the merger announcement, $230 million contract win from Brazilian shipyard. more contracts win will silence and augment the confidence of the market also, many dismissed this new release about SEMBCORP MARINE PARTNERS SP GROUP TO INTEGRATE GREEN ENERGY TECH AT TUAS BOULEVARD YARD once the price hold steady 50% - 100% of the issue price, we should be seeing support for the coming egm. now the price is consolidating, the volume is ~ 100m For sure, the coming weeks will be baptism of fire for Sembcorp Marine share price as the counter will be subjected to huge volatility. Then again, it is possible for investors to make money out of the volatility. The key is to be very clear of the chain of events bargain hunters are waiting
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Calmroom
Master |
06-Jul-2021 10:07
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The part that made my eyes grow big big is: " ...the sovereign wealth fund is obligated under Rule 14(b) to make a general offer to the rest of the stakeholders immediately upon completion of the rights issue."
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tonyja
Elite |
06-Jul-2021 09:55
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It is a battle that Sembcorp Marine can ill-afford to lose. On 24 June, the announcement of the bombshell $1.5 billion rights issue led Sembcorp Marine share price to yet another dark chapter. Over the course of two weeks, Sembcorp Marine share price plunged by a staggering of nearly 35%. Given that the latest rights issue price is at an abysmal $0.08, it is reasonable to expect Sembcorp Marine to continue its disastrous run in the coming weeks. The sentiments for Sembcorp Marine share price are so toxic that not even the news of the merger with Keppel Offshore Marine (KOM) can halt the stock slump. The news of the $230 million contract win from Brazilian shipyard, for modification work to be completed on the Floating Production Storage and Offloading (FPSO) P-71 oil and gas vessel, had temporarily provided some respite for the siege on Sembcorp Marine share price.  Nonetheless, the contract win is not going to move the needle for Sembcorp Marine as the oil-rig builder has revealed that the root cause for its current crisis is not the lack of revenue from new contract wins. Rather, COVID-19 has caused the deferral of deliveries and payments by existing customers. This issue had resulted in a significant draw on the Group&rsquo s working capital position. For this reason, the management had no choice but to make a cash call to shareholders, causing Sembcorp Marine share price to plunge into a devastating quicksand.
Despite the massive chaos, it is certainly not the end of the road for Sembcorp Marine share price. This is because the rights issue had triggered a mandatory takeover offer under Monetary Authority of Singapore (MAS) Takeovers and Mergers Code. Under Rule 14: Mandatory offers are triggered, except with the Council&rsquo s consent, where:- (a) any person acquires whether by a series of transactions over a period of time or not, shares which (taken together with shares held or acquired by persons acting in concert with him) carry 30% or more of the voting rights of a company or (b) any person who, together with persons acting in concert with him, holds not less than 30% but not more than 50% of the voting rights and such person, or any person acting in concert with him, acquires in any period of 6 months additional shares carrying more than 1% of the voting rights, such person must extend offers immediately, on the basis set out in this Rule, to the holders of any class of share capital of the company which carries votes and in which such person, or persons acting in concert with him, hold shares. In addition to such person, each of the principal members of the group of persons acting in concert with him may, according to the circumstances of the case, have the obligation to extend an offer. Given that Temasek Holdings&rsquo current stake in Sembcorp Marine amounts to 43%, the sovereign wealth fund is obligated under Rule 14(b) to make a general offer to the rest of the stakeholders immediately upon the completion of the rights issue. The offer must also be conditional. Question now is: what would be the offer price that Temasek Holdings would make, and how would it affect Sembcorp Marine share price in the coming months? In this article, I will share my analysis of the unfolding saga for Sembcorp Marine share price. Sembcorp Marine share price collapsed Sembcorp Marine share price to sink or swim? Sembcorp Marine share price to smash past $0.40? Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. I am not vested in Sembcorp Marine at the moment. Whether Sembcorp Marine share price will surge or collapse has no impact on me. Thus, this article is not meant to induce readers to make any form of investment decisions. Sembcorp Marine share price faces roller coaster ride For sure, the coming weeks will be baptism of fire for Sembcorp Marine share price as the counter will be subjected to huge volatility. Then again, it is possible for investors to make money out of the volatility. The key is to be very clear of the chain of events. Based on historical trends, Sembcorp Marine share price plummeted to a low of $0.110 following last year&rsquo s rights issue. The 2020 rights issue was priced at $0.20. Given that the latest rights issue is priced at $0.08, it is reasonable to expect Sembcorp Marine share price to crash to a low of $0.05. However, Sembcorp Marine share price is unlikely to remain at such depressed levels because the rights issue will trigger the mandatory takeover offer. In addition, the key reason for Temasek Holdings buying Sembcorp Marine shares in recent days could be to fulfil the minimum takeover offer price requirement. According to the Code, the minimum offer price should be &ldquo the highest of the highest price paid by the offeror and its concert parties for outright purchase of shares in the offeree company within 6 months of the offer and during the offer period&rdquo . To meet this requirement, the takeover offer price from Temasek Holdings should be [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.] |
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Yatsa13
Veteran |
06-Jul-2021 09:43
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It is important how the world view this merger. OPINION: Keppel O& M and Sembmarine merger could create Singapore super-contractor Although the contractors have different niche specialities &mdash Keppel O& M has historically focused on newbuild jack-up drilling rigs and conversions of floating storage and regasification units, while Sembmarine has constructed offshore platforms and floating production, storage and offloading vessels &mdash a merger, and the expected streamlining, would help eliminate any duplication of skill sets. A merger of Sembmarine and Keppel O& M &mdash should it go ahead &mdash could establish a super-contractor in Singapore for years to come.
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TraderBen
Supreme |
06-Jul-2021 09:17
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BIg SELLDOWN jus happened again.. when only left a few supporters hanging on by the thread.. | ||||
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dcproperty
Senior |
06-Jul-2021 09:15
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Well, the silver lining from that article, i read is this.
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Yatsa13 ( Date: 06-Jul-2021 08:19) Posted:
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Master
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At this rate, could hit USD 80 or higher this quarter.
Oil prices should keep increasing as more people get vaccinated and countries re-open.
But up to BBs to decide if higher oil prices will be good or bad for SMM.
With such trade volumes, likely BBs loading or unloading
to move the share price how they want anyway, not retail.
Veteran
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To be clear, I am not suggesting that the combination of Sembmarine and Keppel O& M will not eventually create a big, globally competitive shipyard operator.
Amid the current over-capacity, however, and with shares in Sembmarine trading well below book value, it seems unlikely that the market will react positively to Sembmarine raising capital and trying to enlarge itself.
Investors might be more heartened to see Sembmarine shrinking itself, and perhaps obtaining a premium over book value for assets it puts on the block.
It would be interesting to see if Sembmarine changes tack and begins rightsizing itself after merging with Keppel O& M.
Whatever the case, that will probably be the moment for bargain hunters to take another look at Sembmarine. While a merger with Keppel O& M stoked excitement in Sembmarine in the past, it is more likely to elicit caution now.
dyodd
Supreme
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simpleguy123 ( Date: 05-Jul-2021 22:20) Posted:
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Master
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msksmsks ( Date: 06-Jul-2021 07:41) Posted:
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Supreme
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Learn how to take risk else how to face adversity in real life.
I've observed one unnamed former whom had grown matured despite my past criticism.
Cheers
Checkerman ( Date: 06-Jul-2021 06:36) Posted:
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