| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembCorp Marine- The new Frontier.
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commando
Master |
01-Jul-2021 09:09
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Good time to exit
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TraderBen
Supreme |
01-Jul-2021 09:09
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look at how fast they push it right back down.. | ||||
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Calmroom
Master |
01-Jul-2021 09:04
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Hope the 13c wall gets fixed soon. 
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Checkerman
Master |
01-Jul-2021 09:01
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cheong liao towards 20ct
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Elf2000
Elite |
01-Jul-2021 08:58
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If I am not wrong there is one analyst tp is 9cts only🙄
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Sgvale
Supreme |
01-Jul-2021 08:37
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0.10x may come early today
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ICXGOLD
Master |
01-Jul-2021 08:34
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What a coincidence The 2 for 3 rights offer The startree agreement to take up any unsubcribed shares and The Morgan Stanley are all common in the 2009, 1.43 billion rights issue by NOL which was later sold by Tamasek who at the time of sale held, guess how many % of shares 😀 67    Just wondering are they using the NOL playbook from 2009? 
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weekaykee
Master |
01-Jul-2021 08:20
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Stock market is always forward looking. 2021 is another washout year for SMM and would have been priced in at 12 cts.
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msksmsks
Supreme |
01-Jul-2021 08:04
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The damage fm the rights issue wl overwhelm the positive contract announcement even though there may hv a slight rebound.
They need a bigger contract win and also showed investing public tat vis a vis Q/Q comparison hv improved. But the recent developments of cash depletion is a red flag to me. Nevertheless, wishing all SM supporters tat the Phoenix wl rise and shine again Cheers |
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ICXGOLD
Master |
01-Jul-2021 08:03
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Please don' t fall for the contract related NEWS this morning, its just an attempt to stop the falling knife. Any cash flow from this will only materialise in 2022-2023 as does not change the current outlook for this share.  " The Amendment Contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the Company for the year ending 31 December 2021." - SEMBCORP MARINE    |
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Adrianinsing
Elite |
01-Jul-2021 07:55
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Expect a dead cat bounce and then a drop very soon to
0.10c - the contract news may mean that some shorts may need to cover before they take new short positions - I see 0.10c before we see 0.15c |
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ICXGOLD
Master |
01-Jul-2021 07:51
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SMM rights is coming at 0.08 and brokers such as OCBC have set target prices closer to that level. We will be heading towards those levels, no surprise in price drops as its expected, Short sellers know they can sell any volume now and buy back at 0.08 using the rights if they hold a few shares. And the long term holder also know its better to cut losses now and buy back lower. So overall the pressure is downward.  we have just ended Q2, expect results by early august and sure enough the results are going to be as expected, a losss of around 100 -125 million due to lockdowns and lack of staff. Which is also a short term negative for the stock.  The turn-around will be based on one of two outcomes, an announcement of a decent contract win (or) a mandatory offer by TH, which will be after the rights issue. SCM management maybe under pressure to come out with a contract win news IF they require smaller shareholders to buy into the rights, solely to make the 0.08 cents rights attractive.  As far as SCM is concerned, 1.5B is a guaranteed outcome as long as rights proceed. So the prospects for shareholders greatly improve Immediately following the rights issue. You either have an offer from TH with will be innthe range of 50-75% above the trading price at the time (or) you have a company actually sitting on 1B in cash to keep it afloat foe atleast 6 quarters with a prospect of a newly merged O& G company, so personally I would subcribe to the rights but at this point would let the price drop as close to the rights as possible before venturing to accumulate this counter.  |
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Checkerman
Master |
01-Jul-2021 07:32
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Today will cheong 10% to 0.132 to 0.135
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TraderBen
Supreme |
01-Jul-2021 07:27
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Prob will see a small rebound( dead cat bounce) but still heading towards 10 cents in the mid term . Look at last yrs rights issue at 20 cents . How low did it go? 11.3 cents. Now rights at 8 cents. I don?t know.
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rlong8288
Master |
01-Jul-2021 07:23
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Singapore, 30 June 2021 &ndash Sembcorp Marine Ltd, through its wholly owned subsidiary, Estaleiro Jurong Aracruz (EJA), has secured an Amendment Contract from Tupi B.V. valued at about USD175 million (approximately SGD230 million) for modification work to be completed on the Floating Production Storage and Offloading (FPSO) P-71 oil and gas vessel. Originally designed for the Tupi field, the FPSO P-71 will undergo modification and integration at EJA for deployment at the Itapu field. EJA&rsquo s scope of work includes modification of existing systems and integration of additional systems to the vessel (the &ldquo Project&rdquo ). Measuring 316m in length and 54m in width, the FPSO P-71 is capable of handling 150,000 barrels of oil per day and six million standard cubic metres of natural gas in operation. It has a storage capacity of 1.6 million barrels of oil and can accommodate 160 people. The vessel is expected to be delivered in the last quarter of 2022. Mr Guhan Thangavelu, President of EJA said, &ldquo Our EJA Yard, noted to be one of the largest and most advanced yards in Brazil for offshore products and solutions, is strategically located on the east coast of Brazil to service field developments in the Atlantic, Gulf of Mexico and West African sectors. This Project provides an opportunity to showcase EJA&rsquo s capabilities to undertake large scale and complex engineering projects with quick design adaptation and superior subsea layout.&rdquo   &ldquo We thank Tupi B.V. and its partne |
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TradeExpert
Veteran |
01-Jul-2021 03:30
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Agree
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TA_Expert
Supreme |
01-Jul-2021 03:17
Yells: "The World has changed" |
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Buy Keppel Corp to hedge against SMM. Keppel Corp share price will continue to go higher while SMM will be the reverse. |
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uiop1223
Supreme |
01-Jul-2021 01:51
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T is accountable to public. Imagine what will public say if offer at $1.24 and their bonus is tied to kpi and not to save shareholders who keep making bad decisions in SMM by averaging down and throwing money to rights issue
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mandalorian
Member |
01-Jul-2021 01:20
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Aiyah timing really not on SM side, shld get contract win then announce merger, then announce rights, then maybe the price not tank so much. After all this, lets see whether this contract win bring any uptrend tomorrow | ||||
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Calmroom
Master |
01-Jul-2021 00:45
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If X is a potential customer who used to be worried that SMM might go kaput halfway through an important project, then finding out about the incoming fresh injection of cash plus confirmed support from Sg' s very own Temasek could persuade Customer X to choose SMM. Already just caught one USD 175m fish right? So maybe it' s already working? 
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