Back

Latest Forum Topics / Seatrium    Last:0.091 --

Post Reply

SEMBMARINE - A NEW CHAPTER - DEMERGED Post Reply Rate topic
datadatadata Member	24-Nov-2021 11:09        datadatadata About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe TM offer will be around 10-20 cents range. I would say that TH will give financially correct price, that is based on financial matrix. However, what is lacking from them is the premium that goes with the merger, such as KOM gaining full operating capacity, less competition for government renewable contract, and on and on. There is really no incentive for TH to offer much premium as there is not going to be a competing bid as they are all in cahoots. Here?s my problem with this whole deal but that?s we should be aware and accept along the way. MANFREDTMK      ( Date: 24-Nov-2021 10:50) Posted: At 8.5 cents, we are being SHORTCHANGE BIG TIME. A fair price should be at least 13.3 cents at this juncture. The Big Boys in Wall Street may ratify this anomaly for all of us. MANFREDTMK      ( Date: 24-Nov-2021 10:33) Posted: No question about it, the merger will sure take place sooner than later. TH wants it, nothing much that we can do. However, It's the terms of exchange that matters now, it overrides everything. The latter is dependent on the financial strength of each party. Getting more contracts and a higher share price to 13.3 cents (Price/Book ratio of 1) ensure fairness and provide greater leverage for SM on the bargaining table. One can't discuss life after marriage with a girl when she has not even decided to marry you. It's premature and has little merits. So stay focused on pre-merger, not post-merger.
Useful To Me  Not Useful To Me
MANFREDTMK Master	24-Nov-2021 10:50        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	At 8.5 cents, we are being SHORTCHANGE BIG TIME. A fair price should be at least 13.3 cents at this juncture. The Big Boys in Wall Street may ratify this anomaly for all of us. MANFREDTMK      ( Date: 24-Nov-2021 10:33) Posted: No question about it, the merger will sure take place sooner than later. TH wants it, nothing much that we can do. However, It's the terms of exchange that matters now, it overrides everything. The latter is dependent on the financial strength of each party. Getting more contracts and a higher share price to 13.3 cents (Price/Book ratio of 1) ensure fairness and provide greater leverage for SM on the bargaining table. One can't discuss life after marriage with a girl when she has not even decided to marry you. It's premature and has little merits. So stay focused on pre-merger, not post-merger. datadatadata      ( Date: 24-Nov-2021 10:10) Posted: Under normal circumstances, I agree that the parties should beef up their books for better value in a merger. Unfortunately in this case, it is within a holding companies acting in concert. SC, SCM, KOM and KM and under TH. While in some countries, this is recognized as a governance issue, it is not so in our legal system. THere are 2 main reasons why I believe everthing are already finalized and awaiting some internal approval to proceed. One is that the management had already sound out that the merger is coming soon. Secondly, the rights issue was initiated to time the merger timing to be within this financial year. Based on the abvoe,  I am of the opinion that the merger will happen this year and within this short time, there is really no time to do anything like winning contract or " put lipstick on the pig." Rather, we should just focus on this short term merger potential and not the long term plan
Useful To Me  Not Useful To Me
MANFREDTMK Master	24-Nov-2021 10:33        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	No question about it, the merger will sure take place sooner than later. TH wants it, nothing much that we can do. However, It's the terms of exchange that matters now, it overrides everything. The latter is dependent on the financial strength of each party. Getting more contracts and a higher share price to 13.3 cents (Price/Book ratio of 1) ensure fairness and provide greater leverage for SM on the bargaining table. One can't discuss life after marriage with a girl when she has not even decided to marry you. It's premature and has little merits. So stay focused on pre-merger, not post-merger. datadatadata      ( Date: 24-Nov-2021 10:10) Posted: Under normal circumstances, I agree that the parties should beef up their books for better value in a merger. Unfortunately in this case, it is within a holding companies acting in concert. SC, SCM, KOM and KM and under TH. While in some countries, this is recognized as a governance issue, it is not so in our legal system. THere are 2 main reasons why I believe everthing are already finalized and awaiting some internal approval to proceed. One is that the management had already sound out that the merger is coming soon. Secondly, the rights issue was initiated to time the merger timing to be within this financial year. Based on the abvoe,  I am of the opinion that the merger will happen this year and within this short time, there is really no time to do anything like winning contract or " put lipstick on the pig." Rather, we should just focus on this short term merger potential and not the long term plan. MANFREDTMK      ( Date: 24-Nov-2021 09:44) Posted: It's not barking at the wrong tree. To begin with, a good financial position and new contracts enhance the bargaining power of SM and hence, the terms of exchange which is the most important factor in any form of negotiations . This is the major factor that affects all SM shareholders at this point. Analysing the Combined Entity only becomes relevant after the merger, NOT BEFORE. As of now, all parties strive to beef up their financials to enhance their bargaining power to get a better Terms of exchange.
Useful To Me  Not Useful To Me
naoshingo Elite	24-Nov-2021 10:32        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I hope TH can offer respectable deal for SM SH. Because H1 loss is actually beefed up with expenses for Fy2022. Because if the deal is struck based on the value today....it will be pretty much a lousyt deal for SM SH... datadatadata      ( Date: 24-Nov-2021 10:10) Posted: Under normal circumstances, I agree that the parties should beef up their books for better value in a merger. Unfortunately in this case, it is within a holding companies acting in concert. SC, SCM, KOM and KM and under TH. While in some countries, this is recognized as a governance issue, it is not so in our legal system. THere are 2 main reasons why I believe everthing are already finalized and awaiting some internal approval to proceed. One is that the management had already sound out that the merger is coming soon. Secondly, the rights issue was initiated to time the merger timing to be within this financial year. Based on the abvoe,  I am of the opinion that the merger will happen this year and within this short time, there is really no time to do anything like winning contract or " put lipstick on the pig." Rather, we should just focus on this short term merger potential and not the long term plan. MANFREDTMK      ( Date: 24-Nov-2021 09:44) Posted: It's not barking at the wrong tree. To begin with, a good financial position and new contracts enhance the bargaining power of SM and hence, the terms of exchange which is the most important factor in any form of negotiations . This is the major factor that affects all SM shareholders at this point. Analysing the Combined Entity only becomes relevant after the merger, NOT BEFORE. As of now, all parties strive to beef up their financials to enhance their bargaining power to get a better Terms of exchange.
Useful To Me  Not Useful To Me
ckmpd1 Supreme	24-Nov-2021 10:11        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	KOM with $5+B contracts and making profits is in a much stronger position to negotiate with SMM which only has $1+B contracts and losing money.  It is important for SMM to win some contracts now to boost its bargaining power against KOM ckmpd1      ( Date: 24-Nov-2021 10:01) Posted: Some forumners think that SMM and KOM merger is cast in stone and now they shd not compete for projects .  Is that a naive view? Shd SMM not strive to win more contracts and earn more money now so that it is in a stronger position to bargain with KOM regarding merger terms?
Useful To Me  Not Useful To Me
datadatadata Member	24-Nov-2021 10:10        datadatadata About Contact  Quote this Post!
x 0   x 0  Alert Admin	Under normal circumstances, I agree that the parties should beef up their books for better value in a merger. Unfortunately in this case, it is within a holding companies acting in concert. SC, SCM, KOM and KM and under TH. While in some countries, this is recognized as a governance issue, it is not so in our legal system. THere are 2 main reasons why I believe everthing are already finalized and awaiting some internal approval to proceed. One is that the management had already sound out that the merger is coming soon. Secondly, the rights issue was initiated to time the merger timing to be within this financial year. Based on the abvoe,  I am of the opinion that the merger will happen this year and within this short time, there is really no time to do anything like winning contract or " put lipstick on the pig." Rather, we should just focus on this short term merger potential and not the long term plan. MANFREDTMK      ( Date: 24-Nov-2021 09:44) Posted: It's not barking at the wrong tree. To begin with, a good financial position and new contracts enhance the bargaining power of SM and hence, the terms of exchange which is the most important factor in any form of negotiations . This is the major factor that affects all SM shareholders at this point. Analysing the Combined Entity only becomes relevant after the merger, NOT BEFORE. As of now, all parties strive to beef up their financials to enhance their bargaining power to get a better Terms of exchange. datadatadata      ( Date: 24-Nov-2021 09:08) Posted: I am of the view that the path forward for SCM is a merger with KOM. This had been " casted in concrete" months ago. The rights issue was the main pillar for this scheme to be carried out. Another indicator is the recent renewable projects announced where they were taken up by KOM and SembCorp, with SCM not featured in such new bidding. Clearly all parties KC, KOM, SC, SCM wants to complicate matters on the merger which all sides are now tidying up their books. So analyzing SCM financial statement and their opportunities in new contracts is really a case of " barking at the wrong tree." Instead, one should focus on a combined KOM & SCM entity to see the future of SCM. The belief is that the merger offer will be be a combination of both cash and shares of new KOM entity. The total cash equivalent will be between 10-20 cents. While we need to wait for the announcement, you can see many people making moves in recent weeks to ensure that they are not caught holding high average prices when the merger is announced.
Useful To Me  Not Useful To Me
ckmpd1 Supreme	24-Nov-2021 10:01        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some forumners think that SMM and KOM merger is cast in stone and now they shd not compete for projects .  Is that a naive view? Shd SMM not strive to win more contracts and earn more money now so that it is in a stronger position to bargain with KOM regarding merger terms?
Useful To Me  Not Useful To Me
MANFREDTMK Master	24-Nov-2021 09:44        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's not barking at the wrong tree. To begin with, a good financial position and new contracts enhance the bargaining power of SM and hence, the terms of exchange which is the most important factor in any form of negotiations . This is the major factor that affects all SM shareholders at this point. Analysing the Combined Entity only becomes relevant after the merger, NOT BEFORE. As of now, all parties strive to beef up their financials to enhance their bargaining power to get a better Terms of exchange. datadatadata      ( Date: 24-Nov-2021 09:08) Posted: I am of the view that the path forward for SCM is a merger with KOM. This had been " casted in concrete" months ago. The rights issue was the main pillar for this scheme to be carried out. Another indicator is the recent renewable projects announced where they were taken up by KOM and SembCorp, with SCM not featured in such new bidding. Clearly all parties KC, KOM, SC, SCM wants to complicate matters on the merger which all sides are now tidying up their books. So analyzing SCM financial statement and their opportunities in new contracts is really a case of " barking at the wrong tree." Instead, one should focus on a combined KOM & SCM entity to see the future of SCM. The belief is that the merger offer will be be a combination of both cash and shares of new KOM entity. The total cash equivalent will be between 10-20 cents. While we need to wait for the announcement, you can see many people making moves in recent weeks to ensure that they are not caught holding high average prices when the merger is announced.
Useful To Me  Not Useful To Me
SgYuan Supreme	24-Nov-2021 09:12        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin
Useful To Me  Not Useful To Me
datadatadata Member	24-Nov-2021 09:08        datadatadata About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am of the view that the path forward for SCM is a merger with KOM. This had been " casted in concrete" months ago. The rights issue was the main pillar for this scheme to be carried out. Another indicator is the recent renewable projects announced where they were taken up by KOM and SembCorp, with SCM not featured in such new bidding. Clearly all parties KC, KOM, SC, SCM wants to complicate matters on the merger which all sides are now tidying up their books. So analyzing SCM financial statement and their opportunities in new contracts is really a case of " barking at the wrong tree." Instead, one should focus on a combined KOM & SCM entity to see the future of SCM. The belief is that the merger offer will be be a combination of both cash and shares of new KOM entity. The total cash equivalent will be between 10-20 cents. While we need to wait for the announcement, you can see many people making moves in recent weeks to ensure that they are not caught holding high average prices when the merger is announced.
Useful To Me  Not Useful To Me
ckmpd1 Supreme	24-Nov-2021 07:36        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes.  Given all the financial statements and facts, all can objectively conclude that SMM is in trouble.  Even SMM admits it.  Those who think otherwise are self deluding weekaykee      ( Date: 23-Nov-2021 15:47) Posted: Give all the facts to a P6 students, and he will derive at the right conclusion.  Some just cannot accept any negativity of their beloved investments. If SCM was any good, it would not be struggling at 8cts. From $6 to 8cts. MANFREDTMK      ( Date: 23-Nov-2021 13:18) Posted: The Balance Sheet and PŠL already showed everything, but they choose to distort the fact. Don't have to be smart to know that a company that had only month ago collected billions from a Rights issue need another ones within month
Useful To Me  Not Useful To Me
ckmpd1 Supreme	24-Nov-2021 06:17        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since the announcement of RI 2021, it has not been any good news for SMM.
Useful To Me  Not Useful To Me
ckmpd1 Supreme	24-Nov-2021 06:15        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Our views that SMM' s price rise can only be sustained if there are profits and new contracts remain.  A price rise in a merger with KOM is temporal hope.  Merger terms may not favour SMM.  Looks like merger negotiations may have hit some road blocks and is taking longer than expected.    No profits, no contract wins, no merger news are all bad for SMM weekaykee      ( Date: 23-Nov-2021 21:03) Posted: Investors bottom fishing will decide the fate of a company. That is SCM will fully recover now, winning new mega contracts, just because investors have decided to bottom fish?  datadatadata      ( Date: 23-Nov-2021 16:45) Posted: Data we see in the past few days showed that investors are doing bottom fishing and the fact that they are doing it around 8.5 cents shows that this is the new minimum price. THis is now the new minimum price and we can expect price to climber further up from this point onwards till the announcement for the merger.
Useful To Me  Not Useful To Me
MANFREDTMK Master	23-Nov-2021 22:41        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are the best. Don't forget to drink your milk. Your welfare is my concern. weekaykee      ( Date: 23-Nov-2021 21:00) Posted: Even a 5 year old will not be as tunneled visioned as you. MANFREDTMK      ( Date: 23-Nov-2021 16:59) Posted: Speaking from hindsight, even a retarded person can speak better. Give it to a P1 student, he can tell you there are up and down where you can exploit to make profit. Just because it dropped from $6 to 8 cents doesn't mean you can't make money. The industry was bad for 7 years, that explained everything, including Keppel Corp and KOM which fell like a deck of cards. Then why are you suggesting buying Keppel? So the bottom line is when the price is deeply undervalued and the financial is robust, combine with a turnaround in the rig industry plus a booming Green Energy industry, it's time to go in. Don't let the past haunt you and more so, don't use it to make investment decision. Let me share with you my recent experience to exemplify your mistake. When Sarin Tech fell from $3.70 to 15 cents, everyone including analysts said AVOID. From what you just said, I am 100% sure you will avoid too. Do you know when I did my homework, I went in at 20 cents despite my brokers curbing my buying limit. The rest needs no explanation, it went to a high of around 80 cents within a year before coming back down to 60 cents now. The moral of the story, a P1 student will not let history determine his decision. The ability to discern and sniffs for recovery play separates the winners and the dreamers. THE BIGGER THE CRISIS, THE BIGGER THE OPPORTUNITY. Must dare to take action. Don't let the past crowd your judgement, Don't fight the new Trend. Think positive. Trust our experience and judgement. Our head is not Brand New.
Useful To Me  Not Useful To Me
weekaykee Master	23-Nov-2021 21:03        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Investors bottom fishing will decide the fate of a company. That is SCM will fully recover now, winning new mega contracts, just because investors have decided to bottom fish?  datadatadata      ( Date: 23-Nov-2021 16:45) Posted: Data we see in the past few days showed that investors are doing bottom fishing and the fact that they are doing it around 8.5 cents shows that this is the new minimum price. THis is now the new minimum price and we can expect price to climber further up from this point onwards till the announcement for the merger.
Useful To Me  Not Useful To Me
weekaykee Master	23-Nov-2021 21:00        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even a 5 year old will not be as tunneled visioned as you. MANFREDTMK      ( Date: 23-Nov-2021 16:59) Posted: Speaking from hindsight, even a retarded person can speak better. Give it to a P1 student, he can tell you there are up and down where you can exploit to make profit. Just because it dropped from $6 to 8 cents doesn't mean you can't make money. The industry was bad for 7 years, that explained everything, including Keppel Corp and KOM which fell like a deck of cards. Then why are you suggesting buying Keppel? So the bottom line is when the price is deeply undervalued and the financial is robust, combine with a turnaround in the rig industry plus a booming Green Energy industry, it's time to go in. Don't let the past haunt you and more so, don't use it to make investment decision. Let me share with you my recent experience to exemplify your mistake. When Sarin Tech fell from $3.70 to 15 cents, everyone including analysts said AVOID. From what you just said, I am 100% sure you will avoid too. Do you know when I did my homework, I went in at 20 cents despite my brokers curbing my buying limit. The rest needs no explanation, it went to a high of around 80 cents within a year before coming back down to 60 cents now. The moral of the story, a P1 student will not let history determine his decision. The ability to discern and sniffs for recovery play separates the winners and the dreamers. THE BIGGER THE CRISIS, THE BIGGER THE OPPORTUNITY. Must dare to take action. Don't let the past crowd your judgement, Don't fight the new Trend. Think positive. Trust our experience and judgement. Our head is not Brand New. weekaykee      ( Date: 23-Nov-2021 15:47) Posted: Give all the facts to a P6 students, and he will derive at the right conclusion.  Some just cannot accept any negativity of their beloved investments. If SCM was any good, it would not be struggling at 8cts. From $6 to 8cts
Useful To Me  Not Useful To Me
MANFREDTMK Master	23-Nov-2021 16:59        MANFREDTMK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Speaking from hindsight, even a retarded person can speak better. Give it to a P1 student, he can tell you there are up and down where you can exploit to make profit. Just because it dropped from $6 to 8 cents doesn't mean you can't make money. The industry was bad for 7 years, that explained everything, including Keppel Corp and KOM which fell like a deck of cards. Then why are you suggesting buying Keppel? So the bottom line is when the price is deeply undervalued and the financial is robust, combine with a turnaround in the rig industry plus a booming Green Energy industry, it's time to go in. Don't let the past haunt you and more so, don't use it to make investment decision. Let me share with you my recent experience to exemplify your mistake. When Sarin Tech fell from $3.70 to 15 cents, everyone including analysts said AVOID. From what you just said, I am 100% sure you will avoid too. Do you know when I did my homework, I went in at 20 cents despite my brokers curbing my buying limit. The rest needs no explanation, it went to a high of around 80 cents within a year before coming back down to 60 cents now. The moral of the story, a P1 student will not let history determine his decision. The ability to discern and sniffs for recovery play separates the winners and the dreamers. THE BIGGER THE CRISIS, THE BIGGER THE OPPORTUNITY. Must dare to take action. Don't let the past crowd your judgement, Don't fight the new Trend. Think positive. Trust our experience and judgement. Our head is not Brand New. weekaykee      ( Date: 23-Nov-2021 15:47) Posted: Give all the facts to a P6 students, and he will derive at the right conclusion.  Some just cannot accept any negativity of their beloved investments. If SCM was any good, it would not be struggling at 8cts. From $6 to 8cts. MANFREDTMK      ( Date: 23-Nov-2021 13:18) Posted: The Balance Sheet and PŠL already showed everything, but they choose to distort the fact. Don't have to be smart to know that a company that had only month ago collected billions from a Rights issue need another ones within month
Useful To Me  Not Useful To Me
datadatadata Member	23-Nov-2021 16:45        datadatadata About Contact  Quote this Post!
x 0   x 0  Alert Admin	Data we see in the past few days showed that investors are doing bottom fishing and the fact that they are doing it around 8.5 cents shows that this is the new minimum price. THis is now the new minimum price and we can expect price to climber further up from this point onwards till the announcement for the merger.
Useful To Me  Not Useful To Me
Starship Supreme	23-Nov-2021 15:58        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	ttbanthony      ( Date: 23-Nov-2021 12:52) Posted: Bro, why keep harping same tune? I have written to them and being assured funds enough till end 2022 and the latest update also said that. You may write in else what you wrote confirm what I said about naysayers, ie lack substance. ckmpd1      ( Date: 23-Nov-2021 12:45) Posted: simple Balance Sheet and P& L calculations show that SMM will need more capital by end 2022 if no new contracts are forthcoming.  No amount of wishing it away can avert the need for more mone
Useful To Me  Not Useful To Me
ckmpd1 Supreme	23-Nov-2021 15:56        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Starship      ( Date: 23-Nov-2021 15:53) Posted: ckmpd1      ( Date: 23-Nov-2021 15:02) Posted: I am here just to express my views. Doesnt matter whether others agree or not.  Many here prefer to hear what they want to hea
Useful To Me  Not Useful To Me

                                                         First   < Newer   961-980 of 9396   Older>   Last