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SembCorp Marine- The new Frontier.
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ckmpd1
Supreme |
08-Nov-2021 07:33
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Those who got SMM ' free" know when to sell and sit on cash.  Those who bought SMM at 30c in Jun 2020 felt SMM was worth the money and still insist on accumulating in these uncertain times.  To each his own | ||||
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ckmpd1
Supreme |
08-Nov-2021 07:24
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Good points.  Your words are correct.    Those who bought at 30c were laughing at those who bought at $1.  Those who bought at 20c laughed at those who bought at 30c. Those who bought at 8c laughed at those who bought at 20c. As for me, I rather sell, hold cash and see what happens.  SMM is going through uncertain times. Wise to stay out during uncertain time.  There are so many good counters to invest in.  Why SMM?
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ckmpd1
Supreme |
08-Nov-2021 06:32
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There are two main groups of forumners here: 1. Group 1...those who bought SCI ard Apr 2020 for $1.50.  They got 4.911 SMM in specie for every SCI share.  Most in Group 1 have already sold their SMM shares and are sitting on cash.  Now they are also enjoying SCI SCI at $2.06.  An envious postion. 2. Group 2. ..those who bought SMM at a high price.  They were elated when they subscribed RI 2020 for 20c.  They were uncertain when they subscribed RI 2021 at 8c.  Now they are stressed, perplexed, in despair and crushed.  They tried to put on a brave front by trying to mock Group 1 investors.  Hilarious! Let us sit back and watch the show from now to Mar 2022.  Holding cash is best.  Holding SMM shares at 8.4c, 8.7c, 30c, etc is not a good situation
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Trader1987
Veteran |
08-Nov-2021 02:48
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" Weak holders" who had been flushed @ $0.200 must be laughing 😝 Some years later, could be " weak holders" who had been flushed @ $0.080 must be laughing  😝 Mark my words.
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MANFREDTMK
Master |
07-Nov-2021 22:43
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I can only tell you the cash balance after the 1st half losses of $647m, still stood at $788m. With this Rights issue of $1.5b, another Rights issue next year will never ever happen. More importantly, the Rights issue is finally over, hence Time is no longer on your side. Join us, you will not live to regret.
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ckmpd1
Supreme |
07-Nov-2021 22:06
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SMM' s bourse filing on 19 Oct was bad news.    Will Business update on 11 Nov, a mere 22 days later, be much better? We will know on Thursday |
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stanleytay
Master |
07-Nov-2021 21:51
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This guy is a con man.. no need to be nice to him. Period. In fact, after spamming so long that after MGO, smm will drop to 5c. No one will believe him anymore.
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MANFREDTMK
Master |
07-Nov-2021 21:45
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You are double counting because the $647m losses in the first half was already written off from their cash balance. Adjusted for the 2nd half losses, the cash balance should be around $900m, not including progress payments coming into the company. Another Rights issue next year will not be necessary. By then, it would already have merged with KC. If share consolidation will to occur, even better. It's a blessing in disguise.
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ckmpd1
Supreme |
07-Nov-2021 21:44
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Facts do not lie. Kep Corp reported that KOM made money for the first 9months in 2021 SMM reported that it potentially is going to lose more than $1.2B in 2021. Did anyone ask why such a huge difference in performance and results up to Sep 2021? DYODD. Trade with caution.
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ttbanthony
Veteran |
07-Nov-2021 21:37
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I am in this thread and forum as I am attracted and impressed by the insights of Better and the perseverance of Stanley the staunch defender.
I am a new member but not a new player in this market. Not an ordinary retailer. I have decided not to continue the digging war with low ballers. Facts (like it or not, facts are facts): 1. MGO helped TH increased stake from 41% to 55%, helping them to reduce their average price substantially. 2. IFA fair and reasonable value is 0.124 to 0.14 3. Losses to the magnitude of first half is expected and factored in. 4. Stock market is forward looking. 5. Whoever dumped to TH at 8 and thrown down to 78, need to feel sorry as price is now 82. No matter what, opportunity cost is glaring and real. 6. SCM will survive as TH has more to lose than win to let it wither if it does wither. 7. TH more likely to muscle in the nego in the KOM deal now that they are holding 55% 8. Majority of Weak holders had been flushed. 9. DBS is the other underwriter of the rights and hence essentially the percentage of shares floating around is not much now. 10. Green Energy contract beckons. Mark this. 11. Last but not least, there will be no more rights for 2022 at least. And more contracts to be delivered and cashflow accretive. |
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ckmpd1
Supreme |
07-Nov-2021 21:28
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That is why I said it is interesting to watch SMM from Nov to Mar 2022.  Maybe will run out of money. watch out for 11 Nov business update.  If no good news, SMM will be in deep trouble
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ckmpd1
Supreme |
07-Nov-2021 21:24
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$647m x 2 = $1.294m If as predicted by SMM, it is potentially going to lose $1.294B in 2021.  This will almost wipe out the RI 2021' s $1.5B 
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ckmpd1
Supreme |
07-Nov-2021 21:21
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SEMBCORP Marine (Sembmarine)  Sembcorp Marine: S51 +3.8%  expects to post " significant losses" in H2 ending Dec 31, 2021, potentially in the range of the S$647 million loss in the first six months of the year, the company announced in a bourse filing on Tuesday (Oct 19). My goodness! |
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ttbanthony
Veteran |
07-Nov-2021 21:12
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What an oxymoron you are!
If you really sold before rights, you should be kissing the boots of SCM to help you make money. Whatever you posted I will believe you. Keep talking it down. It is fine and make sure you short it down, I will continue my collection.
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ttbanthony
Veteran |
07-Nov-2021 21:10
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No need post historical news.
So what, this losses will be repeated. Stock market is forward. Important is there must be strong market makers. Let us wait to check the sell depth and we will know. Make sure you are not tempted to jump in. Poor soul who got burnt. Keep groaning and moaning. Like an old grandfathers clock ticking ticking ticking
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ckmpd1
Supreme |
07-Nov-2021 21:09
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Thank goodness, I sold all SMM shares before RI 2021.    If SMM reaches my target price, I buy.  If not, thank you, SMM.
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ahhuat08
Elite |
07-Nov-2021 21:07
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Wow buy scm can change new ferrari then those who bot TSLA are all posting from their respective GCBs at queen astrid park hahahahah |
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ttbanthony
Veteran |
07-Nov-2021 21:07
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Who is making the noise?
Contracts? Noted this point. Your wish will be granted
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ckmpd1
Supreme |
07-Nov-2021 21:06
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29 Jul 2021
  Print
Sembcorp Marine reports 1H2021 net loss of S$647 million, My goodness....hefty loss for six months |
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ttbanthony
Veteran |
07-Nov-2021 21:06
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😂 😆 😝
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