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SembCorp Marine- The new Frontier. Post Reply Rate topic
TigerPlay Master	02-Jul-2021 08:20        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	I wonder is he is still on daily buying programme but din post here now. Looking back, he oso now suffer alot of losses too, so spare him lar. That time, i was a negative supporter of SCM as I dun think the counter can stand alone, but now reversed liaow, become supporter mainly due to the believe that the combined entity can do it plus TH won' t allow this counter to be gone, but I may be wrong about it as you can see the price keep dropping and majority of pp do not have confident in this counter anymore, not wrong too. I believe everyone of us got his own belief, no right no wrong. Just because I support this counter now does not mean I will bash anyone who is negative about this. Is a free forum. I still remember in the past alot of pp bash me here because I am negative about this counter. Har, time changes and time proof who make the right decision, if lose money so be it lor although is painful, but remember you make your own decision hor, dun blame others when losing money, remember DYODD. uiop1223      ( Date: 01-Jul-2021 15:59) Posted: Yeah?. Wheres @better? worstt      ( Date: 01-Jul-2021 15:33) Posted: Yeap need to look for him. When the share price up, keep on posting how accurate is his view, sharing the daily buy back programme, and deny others statement who had a negative view on SMM at all cost. Now when the share price crash like this, he also crash and hide.
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Tonychin2426 Member	02-Jul-2021 07:30        Tonychin2426 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCM is a design and engineering firm for marine industry and I think the future is whether they can move away from oil and gas to high value innovation. Need the right people in chsrge
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TA_Expert Supreme	02-Jul-2021 00:56        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	I thought that Rex has rallied a lot. How come you still lose money? Chagatai      ( Date: 01-Jul-2021 22:35) Posted: I lost a lot of $$ in Rex it?s been a long painful decline. Lost a lot in Semb too. It was a wait recovery that waited me out. So I Out.
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etilatrop Member	01-Jul-2021 23:05        etilatrop About Contact  Quote this Post!
x 0   x 0  Alert Admin	Above $80 may not be likely. OPEC+ does not want the shale producers to drill with no restraint again. The outcome of the OPEC+ meeting will be out soon. A merger is not helpful as SMM already has excess capacity, and the economies of scale and after restructuring are likely insufficient to make SMM as cost competitive as Korea or China as the labor costs there are cheaper (10-25%), they have domestic natural resources (e.g. steel) already, and the Chinese yards have orders from CCP for military vessels and SOEs for commercial ones while the Korean yards have govt subsidies etc. SMM does not have govt support like that, so it cannot fight on equal footing. If SMM is to be competitive, it needs to resort to offering flexi payment and credit, but this would require TH backing (bonds?) (otherwise there would be endless rounds of rights offerings that would drain ALL SH). I think Chagatai' s assessment of the current industry is most accurate. Demand (if any) likely comes from: (i) Countries seeking cheap oil/gas from their own marine deposits, and they can ill-afford to import at high oil prices. (ii) Countries seeking energy independence (iii) Countries that want to sell off their oil and gas supplies asap before peak demand. (iv) Countries that are desperate to fund their national budgets and/or shore up their reserves Hence, the countries are likely to accept low bid prices for companies to drill. Currently, many of such countries are in financial crisis and debt. Demand may also come from: (i) Deepwater drilling. The two ultradeep drillships for Transocean (Atlas/Titan) should have breakeven costs of about $35 when they are deployed to GoM. This is quite competitive against shale and OPEC prices. (ii) Large oil deposits that are cheap to drill (Namibia, South Africa, Guyana and Suriname). These African deposits are the latest craze and it seems that drilling investments there stand to be stably profitable for an extremely long period. Ervengers      ( Date: 01-Jul-2021 20:27) Posted: But where do you see demand-side coming from? Planes are not flying and cars are going EV. Even if it goes back above $80, it' s just an arbitrary number with no sustainable consumption. My take is that the merger will streamline some deadweight and syngeries the efficiencies from cost savings, but whether that will lead to meaningful ROE improvement remains a key challenge.  Happy to hear other opinions.  wehuattogether88      ( Date: 01-Jul-2021 20:10) Posted: Crude oil price up and maintained at that high level will drive up more rig projects and oil related projects
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Chagatai Veteran	01-Jul-2021 22:35        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	I lost a lot of $$ in Rex it?s been a long painful decline. Lost a lot in Semb too. It was a wait recovery that waited me out. So I Out.
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Chagatai Veteran	01-Jul-2021 22:29        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	The offshore marine industry is not about oil or oil prices anymore. It is about renewables and or LNG conversions. Oil prices are immaterial. The profit margins are no longer spectacular either for renewables or carbon based fuels
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Chagatai Veteran	01-Jul-2021 22:15        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Peak oil in a decade or so will be 110 MMB per day. Prior Covid in 2019 it was 99MMB per day. I start building rigs now for peak oil to bite me in 2032. Most tankers, RORO, Cruise ships, Container Carriers tug boats what have not are converting from bunker carbon based fuels to LNG and Hydrogen fuel cell cleaner or zero carbon emissions. I seen them converting at break beck pace as the 0.05% Sulphur rule kicked in months ago. It is a forced Transition. It Will happen just like public telephones disappeared from public.
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Adrianinsing Elite	01-Jul-2021 22:14        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	This share reminds me of LionGold back in 2015/2016- everyone who owned it justified why it should go or be higher but it just keep dropping and dropping and dropping - best to avoid - cut losses and buy a different company.
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Chagatai Veteran	01-Jul-2021 22:07        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	When oil prices go up, E&P upstream costs also go up. Day rates charter rates For OSV equipment repairs maintenance and charters all go up. Wages too. Companies like Rex Will try best to mitigate costs. For E&P sell oil in the ground they get 2 bucks a barrel, 3 at most at today?s prices. It takes 3 years to build a rig and 2 years plus to do FPSO, FSU, FSRU etc conversions. Profit margins are thin THIN. Outsourced fabrication works steel and all material prices also increase when crude oil prices increase.
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Ervengers Member	01-Jul-2021 20:27        Ervengers About Contact  Quote this Post!
x 0   x 0  Alert Admin	But where do you see demand-side coming from? Planes are not flying and cars are going EV. Even if it goes back above $80, it' s just an arbitrary number with no sustainable consumption. My take is that the merger will streamline some deadweight and syngeries the efficiencies from cost savings, but whether that will lead to meaningful ROE improvement remains a key challenge.  Happy to hear other opinions.  wehuattogether88      ( Date: 01-Jul-2021 20:10) Posted: Crude oil price up and maintained at that high level will drive up more rig projects and oil related projects Calmroom      ( Date: 01-Jul-2021 19:40) Posted: Right now. crude above USD 75 and Brent has crossed USD 76. Goldman Sach' s target price is USD 80. Getting closer and seems could hit during q3 as GS had predicted. Not sure yet but could eventually have a beneficial impact on SMM and SMM+Keppel. See if SMM can announce more contracts secured while waiting for the rights issue.
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wehuattogether88 Supreme	01-Jul-2021 20:10        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude oil price up and maintained at that high level will drive up more rig projects and oil related projects Calmroom      ( Date: 01-Jul-2021 19:40) Posted: Right now. crude above USD 75 and Brent has crossed USD 76. Goldman Sach' s target price is USD 80. Getting closer and seems could hit during q3 as GS had predicted. Not sure yet but could eventually have a beneficial impact on SMM and SMM+Keppel. See if SMM can announce more contracts secured while waiting for the rights issue.
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Calmroom Master	01-Jul-2021 19:40        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Right now. crude above USD 75 and Brent has crossed USD 76. Goldman Sach' s target price is USD 80. Getting closer and seems could hit during q3 as GS had predicted. Not sure yet but could eventually have a beneficial impact on SMM and SMM+Keppel. See if SMM can announce more contracts secured while waiting for the rights issue.
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Calmroom Master	01-Jul-2021 19:16        Calmroom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got fresh article to read from " The Diplomat" titled: " The (Probable) Merger of Singapore' s Sembcorp Marine and Keppel Offshore and Marine, Explained" by Mr James Guild. Can google and read if anybody here wishes to.
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honesty Master	01-Jul-2021 19:05        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	TH must tread carefully afterall it has to report its revenue to govt of the day. causing losses to public shareholders will perhaps cause a backlash, think again how TH must ensure all are happy yet SMM is sustainable, DYODD as a singaporean
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Ervengers Member	01-Jul-2021 18:25        Ervengers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally agree.  For others if you think TH will make u a good offer, think again. If O& G future does rebound, they take the company private and you will be luck to walk away with some crumbs  if O& G future remains bleak, they let the co bleed and salvage themselves. Afterall they have shake out SCI & KEP for the long haul  My take..  tbh SMM is no longer significant in my portfolio hence I leave it there as a reminder not to fall into this situation ever again.  TraderBen      ( Date: 01-Jul-2021 15:40) Posted: As invesstors of course we all want to see the company do well.. but in this case.. its blood sucking going on.. forcing miniority SH to pay off its debts..or face dilution. and will never recover back the money lost.. look at those bought $1.50 and above.. forked out money for the 1st rights issue.. and price is not even trading above the issue price and here comes another rights issue at such a low price for the KILL.. they could have easily set the rights price at 16 cents 1 for 2 and will get the same amount of money. end of the day, its the T who wants to force the hands of miniority and take control of the whole situation. by making an lowball offer to take the company private in the near future.. i bite the bullet and cut loss and will focus on other companies rather than this sinking ship..however, to those still on board.. money is urs.. u can deicide.. pkli899      ( Date: 01-Jul-2021 15:00) Posted: c group is those not vested but think company got potential. Hope price drop to super low and they can pick up cheap cheap. Anyway, I still believe the company will survive
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ysh2006 Supreme	01-Jul-2021 18:09        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Morgan Stanley need to sell maybe cannot apply for right shares ? TraderBen      ( Date: 01-Jul-2021 15:57) Posted: Look at the HUGE DUMP again..
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bh3388 Member	01-Jul-2021 17:09        bh3388 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TH not supporting? TraderBen      ( Date: 01-Jul-2021 15:57) Posted: Look at the HUGE DUMP again..
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ahbui8 Master	01-Jul-2021 16:03        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That why my fren ask me why u still want to invest in SG market? Buy Schlumbeger instead of SM, see now serve u right! -.- From SG China share to penny crash and now even State Fund doing dirty play out, who will have confidence and will invest in SG market!!!  TraderBen      ( Date: 01-Jul-2021 15:40) Posted: As invesstors of course we all want to see the company do well.. but in this case.. its blood sucking going on.. forcing miniority SH to pay off its debts..or face dilution. and will never recover back the money lost.. look at those bought $1.50 and above.. forked out money for the 1st rights issue.. and price is not even trading above the issue price and here comes another rights issue at such a low price for the KILL.. they could have easily set the rights price at 16 cents 1 for 2 and will get the same amount of money. end of the day, its the T who wants to force the hands of miniority and take control of the whole situation. by making an lowball offer to take the company private in the near future.. i bite the bullet and cut loss and will focus on other companies rather than this sinking ship..however, to those still on board.. money is urs.. u can deicide.. pkli899      ( Date: 01-Jul-2021 15:00) Posted: c group is those not vested but think company got potential. Hope price drop to super low and they can pick up cheap cheap. Anyway, I still believe the company will survive
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uiop1223 Supreme	01-Jul-2021 15:59        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah?. Wheres @better? worstt      ( Date: 01-Jul-2021 15:33) Posted: Yeap need to look for him. When the share price up, keep on posting how accurate is his view, sharing the daily buy back programme, and deny others statement who had a negative view on SMM at all cost. Now when the share price crash like this, he also crash and hide.  Mike1018      ( Date: 01-Jul-2021 15:25) Posted: Better check with bro better
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TraderBen Supreme	01-Jul-2021 15:57        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look at the HUGE DUMP again..
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