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SembCorp Marine- The new Frontier.
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Mike1018
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02-Jul-2021 14:17
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Where are those long to enjoy. All enjoy until siao | ||||
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mandalorian
Member |
02-Jul-2021 14:14
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i heard rumor even God spill his coffee when he saw the right issue again hahaha | ||||
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TigerPlay
Master |
02-Jul-2021 14:10
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True true, only God knows. Maybe after all the talk, TH just decide to do it simple and buy over both sCM and Kep OM and offer 30cts for scm, we neber know...or offer 5cts only for sCM, but I hope is 30cts lar....hahahaha
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jesmarnew
Senior |
02-Jul-2021 14:07
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Calm before the next storm...next big fall come next week before hitting 10 cts!!! Future gloom!!! Even this rights money also no enough for this management....the CEO always paint v bleak picture and future!!!  | ||||
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mandalorian
Member |
02-Jul-2021 14:02
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no one can predict the future, who would thought, they will do right issue aain just within one year, especially when early this year also just secure some fund again. i guess the saying anything can happen in stock market is proven true, again and again
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TigerPlay
Master |
02-Jul-2021 13:59
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True, just few week back, the price ding dong around 20cts and if can get below 20cts is like a good buy. Who know after that dreadful Thurs halt,and come Friday ....blood shed everywhere... But why u din let go when hit above 20cts when u cost is only 15cts ? Imagine if 1 millions share, that is 50k profit !!  
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Lobster
Elite |
02-Jul-2021 13:45
Yells: "Even Adam Khoo believes in the Black Market!" |
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Well, this time the stakes are higher.. and so Temasek responsibility is much involved now. As I said so in my posts,  temasek will want to keep SCM listed. Even if it has to go into takeover mode. right now, its main task is to ensure the share would not drip below 12 cents, because at this price, its game over, don' t have to wait for 8 cents. Expect Temasek to mave several moves before x rights. 
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Mike1018
Member |
02-Jul-2021 13:35
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Please wait for SH Bro Better! | ||||
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Calmroom
Master |
02-Jul-2021 12:37
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In my opinion, this means Temasek wants to have a wide variety of options to choose from, including delisting SMM if enough shareholders tender  their shares to accept the mandatory offer.
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liverbuffet
Member |
02-Jul-2021 12:22
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Look back at history when the first right' s (SCI - SMM) demerger somewhere in Aug 20 when rights were $0.20, Why is so different this time and why Temasek need to hold the price at 12cts when they only interested in 8cts rights? I don' t understand? The muted interest in the rights issue could be due to the fact that SembMarine shares were trading close to 20 cents in the last few days before the issue closed. With a negligible difference between the open market and rights prices, there was little incentive for shareholders to take up the rights. https://www.straitstimes.com/business/companies-markets/sembcorp-marine-rights-issue-undersubscribed-temasek-to-mop-up-1b-shares Currently, Sembcorp volume has gone down by half daily and if tonight jobs reports from US is bad and shares trade negatively, I personally feel that STI index will not be spared. The selling may resume creating fear to the minority shareholders  
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Calmroom
Master |
02-Jul-2021 12:02
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I found this section of the announcement which  may explain why Temasek did not  mention any whitewash waiver even till today: " Temasek has also informed the Company that, in the event  the Compliance Offer is required to be made, the current intention of Temasek is to maintain the listing status of the Company on the SGX-ST but it reserves the right to re-evaluate its position, taking into account, among other things, the level of acceptances received by the offeror and the prevailing market conditions at the relevant time of the Compliance Offer, if and when made."
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ahbui8
Master |
02-Jul-2021 12:02
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KC also see this for 1 year , in the end? LOL
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Chagatai
Veteran |
02-Jul-2021 12:01
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ditto Sir .. Exactly .. Low will go lower otherwise it?s not this Low to catch at 8c lower.. then again dunno la who knows is a Genius | ||||
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jackass
Member |
02-Jul-2021 11:56
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i think that the 12 cents share price for now is a temporary float only before ex-rights date .. After ex-rights, there should be no float pegged at 12 cents anymore Most investors are then interested in how low it can go after ex-rights date for some bargain sale |
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worstt
Member |
02-Jul-2021 11:52
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August 2020 as far as I know, Temasek will not let the price go below 30 cents. because at below 30, technically it is not worthwhile to subscribe, very hard to explain.  I just repeating what the market said. There will be a lot of moves going to happen to ensure people will not lose interest of the rights What is the price C rights? 25 cents
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Lobster
Elite |
02-Jul-2021 11:48
Yells: "Even Adam Khoo believes in the Black Market!" |
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Every day, SCM made this announcement just to remind people of the possibility  POTENTAL MANDATORY GENERAL OFFER FOR SEMBCORP MARINE LTD as far as I know, Temasek will not let the price go below 12 cents. because at below 12, technically it is not worthwhile to subscribe, very hard to explain.  I just repeating what the market said. There will be a lot of moves going to happen to ensure people will not lose interest of the rights   |
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ahbui8
Master |
02-Jul-2021 11:38
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My avg 0.15 , at 0.191 , no one will expect to lose any money when ur avg is 0.15 , with current oil price above $70 and SM reported getting 500m green loan in March and the hope of merge with KC.  
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lailai
Elite |
02-Jul-2021 11:32
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Will not be surprised LH to RH at work to lure contras looking for peanuts and then u know what happens next lah. Found no peanuts but instead kena pay few plates of chilli crab eaten by LH-RH. ![]()   |
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TigerPlay
Master |
02-Jul-2021 11:25
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How much you bought at? 13cts losing alot of money?
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TigerPlay
Master |
02-Jul-2021 10:56
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wah if really below 8cts you better consider very hard if really getting it, that is after the merger...it should not be like that, given the belief that a bigger combined entity should be worth more...and doing much better hopefully, but if it continue to go down the drain, then is really time to give up laiow
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