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TERP is $0.29
If the deal goes through, existing SembMarine shareholders will see their stakes being significantly diluted from 39 per cent to 6.5 per cent if they do not subscribe for the rights.
But, if they take up the rights offer, they will have to fork out more money just to maintain their stake.
If the deal goes through, existing SembMarine shareholders will see their stakes being significantly diluted from 39 per cent to 6.5 per cent if they do not subscribe for the rights.
But, if they take up the rights offer, they will have to fork out more money just to maintain their stake.
A lifeline for Sembcorp Marine
https://www.channelnewsasia.com/news/business/a-lifeline-for-sembcorp-marine-money-mind-12901252
Looks like we have our Answer...
ABSOLUTELY agree with u those who dun intend to subscribe should just sell their rights on the first day when the rights can be traded :) UNLESS BBs want to play the right. How? By pushing the mother share, they can push up the right at a higher %. Let say Sembmarine trading at 25 cents while right trading at 5 cents (conversion price is 20 cents). So by pushing mother share up by 5 cents to 30 cents, the rights should rise by 3 to 5 cents too.. BUT rights from 5 cents to 10 cents is 100% profit already :)
In a way, even if u vote to support the deal, u wun lose any $$$ because u still can sell ur mother share before XR or after XR and then sell ur rights on the first day of trading of rights.
In a way, even if u vote to support the deal, u wun lose any $$$ because u still can sell ur mother share before XR or after XR and then sell ur rights on the first day of trading of rights.
uiop1223 ( Date: 04-Jul-2020 14:33) Posted:
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Hi Josemm, your computation is correct based on logic. But mkt is emotions. SIA is a good example. Recall that the rights traded between $0.60 to $1 while MCBs traded $0.10 to $0.001. I recalled on last day, there were not even enough buyers to buy all the mcbs at ask price of $0.001. So, its still possible for a existing shareholder to lose money if it waits till for the rights to be credited (i.e. XR). On flip side, may also end up better. But based on current sentiments, my gut feel is existing shareholders will be worst off. For people yet to enter SMM but will want to bet on future merger with keppel, suggest u buy after XR.
Using SIA example, first day will be a good time to sell your rights it u dont wish to subscribe.
Just sharing my opinion.
Using SIA example, first day will be a good time to sell your rights it u dont wish to subscribe.
Just sharing my opinion.
Cannot!!!.. he MISLEADING others on purpose.. If he makes a mistake because he forgets about the rights which is renouncable (can be sold), then he should just admit and correct his statements. But he did not, he just brush it off as a " debate" .
This is no more a debate. He is definitely misleading others by saying once u vote for the deal, the share price will dip to $0.20-$0.30 the moment the deal is approved (at the EGM). This is false info. The share price will only dip on XR (eX Rights) but will be compensated by free rights which can fetch $$$.
I hope new investors do not be mislead by his false information. He does this on purpose most likely. If is genuine mistake, he should clarify, he never and sound like he wants to challenge the facts.
This is no more a debate. He is definitely misleading others by saying once u vote for the deal, the share price will dip to $0.20-$0.30 the moment the deal is approved (at the EGM). This is false info. The share price will only dip on XR (eX Rights) but will be compensated by free rights which can fetch $$$.
I hope new investors do not be mislead by his false information. He does this on purpose most likely. If is genuine mistake, he should clarify, he never and sound like he wants to challenge the facts.
simpleguy123 ( Date: 04-Jul-2020 08:31) Posted:
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Forget about TA_Expert...not worth it. I think forum readers have seen through his plans...
U still havent clarify ur insistance that the share price will drop to $0.20-$0.30 once Semb marine shareholders approve the deal. U keep misleading users here with false information. At least if u are wrong just admit it..
Seems like u not correcting ur mistake. I assume u are just out to mislead SMM shareholders to veto the deal by fear mongering.
As I mentioned the share price will NOT drop to $0.20-$0.30 just becos shareholders vote for the deal. It will only be reached AFTER XR(Ex-rights) and u will be compensated by 5 rights which u can renouce aka sell to get back a substantial amount of $$$.
I am not debating with u now. I am accusing u of false information and trying to mislead others here.
Seems like u not correcting ur mistake. I assume u are just out to mislead SMM shareholders to veto the deal by fear mongering.
As I mentioned the share price will NOT drop to $0.20-$0.30 just becos shareholders vote for the deal. It will only be reached AFTER XR(Ex-rights) and u will be compensated by 5 rights which u can renouce aka sell to get back a substantial amount of $$$.
I am not debating with u now. I am accusing u of false information and trying to mislead others here.
TA_Expert ( Date: 03-Jul-2020 01:39) Posted:
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Let you win that veto and be proud. Then, come out with a master plan to save SCM, Mr Great TA. Without contracts in the future, with debts on hand, three years of losses, how will you let your successful Veto plan work out and raise SCM price back to $1.00? Temasek will offer $1.50 to take it private for you? Wishful thinking. But hey ... Good luck. If you manage to veto the Rights issue, I clap for you. And you owe SCI holders an apology. Without SCI, SCM already collapse now. You won't have that veto chance at all. Dyodd, expert.
imagine if u veto but in the end resolution got passed, what will happen? $1K per lot for rights is sure lotsa money.
I dont think Temasek will pay hefty fees to engage a investment bank or mgmt consultancy firm to do the corporate finance and allowed it to be vetoed easily.
I dont think Temasek will pay hefty fees to engage a investment bank or mgmt consultancy firm to do the corporate finance and allowed it to be vetoed easily.
TA_Expert ( Date: 03-Jul-2020 01:39) Posted:
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No need to debate anymore. See u guys in the EGM in Aug/Sep.
It is very simple. Vote yes if u think that u can make money from it, by all means go ahead.
For those especially ' member' who can see through the smokescreen will veto the resolutions.
It is very simple. Vote yes if u think that u can make money from it, by all means go ahead.
For those especially ' member' who can see through the smokescreen will veto the resolutions.
To TA_Expert.. please clarify ur stance.
SMM share price will only drop to $0.30 and below AFTER XR. U can sell ur right , 5 right for every 1 semb marine share in the open market and get back $$$. Please do not mislead others.. The amount u get from selling the rights + $0.30 semb marine new share price total up to about $0.50 and even higher. If the deal is approved, investors will give premium becos Temasek is now the major shareholders of SMM and share price may not necessary be $0.30, it may even be higher. So u also at the same time got a substantial $$$ back by selling ur right in open market.
SMM share price will only drop to $0.30 and below AFTER XR. U can sell ur right , 5 right for every 1 semb marine share in the open market and get back $$$. Please do not mislead others.. The amount u get from selling the rights + $0.30 semb marine new share price total up to about $0.50 and even higher. If the deal is approved, investors will give premium becos Temasek is now the major shareholders of SMM and share price may not necessary be $0.30, it may even be higher. So u also at the same time got a substantial $$$ back by selling ur right in open market.
To all shareholders of Semb Marine,
If u approve the deal, Semb marine share price will NOT drop to $0.20 - $0.30 as mentioned by someone in this thread.
The share price will remain at 45.5 cents (today trading price) and will only drop to $0.20-$0.30 AFTER XR (Ex rights).
BUT u will be compensated with 5 rights which u can sell in open market and u will be able to recoup almost $0.20-$0.30 becos it is estimated each right should trade at $0.05. So u 5 rights can fetch u $0.20-$0.30
so $0.20-$0.30 + $0.20-$0.30 , the total remains the same as the original trading price.
If u approve the deal, Semb marine share price will NOT drop to $0.20 - $0.30 as mentioned by someone in this thread.
The share price will remain at 45.5 cents (today trading price) and will only drop to $0.20-$0.30 AFTER XR (Ex rights).
BUT u will be compensated with 5 rights which u can sell in open market and u will be able to recoup almost $0.20-$0.30 becos it is estimated each right should trade at $0.05. So u 5 rights can fetch u $0.20-$0.30
so $0.20-$0.30 + $0.20-$0.30 , the total remains the same as the original trading price.
U removed ur posting urging everyone to veto the deal and saying if vote for deal, semb marine share price will tank to $0.20-$0.30 after the deal is approved and will be making a huge loss... care to explain what is ur rationale?
Semb marine will only be $0.20-$0.30 XR. The day u approve the deal, the share price remains at 50 cents (CR)..
I dun understand ur reasoning
Semb marine will only be $0.20-$0.30 XR. The day u approve the deal, the share price remains at 50 cents (CR)..
I dun understand ur reasoning
TA_Expert ( Date: 02-Jul-2020 18:25) Posted:
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I think what u thinking is share price will drop to right subscription price???
Take SIA for example. Right price was $3 but the share price never tank to $3.. it traded around $4...
Same for Semb Marine... Right price is $0.20 does not mean it will trade at $0.20... Most likely i will trade from $0.40 to $0.50 until CR (Cum rights), just like SIA, never reach right issue price
Take SIA for example. Right price was $3 but the share price never tank to $3.. it traded around $4...
Same for Semb Marine... Right price is $0.20 does not mean it will trade at $0.20... Most likely i will trade from $0.40 to $0.50 until CR (Cum rights), just like SIA, never reach right issue price
TA_Expert ( Date: 02-Jul-2020 18:25) Posted:
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Can someone point out whether my calculation is flawed?
Someone pointed out that if you have Semb Marine and you vote for the right issues and the Semb Ind deal, your Semb marine shares would be only worth $0.20-$0.30 meaning you are going to suffer almost 50% loss from the current share price of 50 cents (assuming 50 cents for easier calculation, since the mid point of $0.20-$0.30 is $0.25.
Let say I have Semb Marine 10000 shares aka 10 lots. So total capital = 10 x $500 = $5000.
Now ur 10 lots Semb Marine entitles u to get 50 lots rights. Each right requires you to pay $0.20 to convert to mother share. Assuming Ex-right theoritical share price of Semb Marine to be $0.25 ==> your right shares would be worth about $0.05. So if you sell ur 50 lots rights, u get back $2500.
In the end, u will have 10 lots Semb Marine shares worth $0.25 = $2500 plus the $2500 u got by selling the right shares.
So in the end, ur total capital is still $5000.
thats why some analysts say either u subscribe for the right shares OR you sell ur right.. NEVER take no action becos your will lose out on the $2500 that u can get by selling the rights.
But according to TA_Expert, he is saying your total capital will drop to $2000 - $3000.
Just to clarify whether TA_Expert is correct? Any expert please clarify. Thanks
Someone pointed out that if you have Semb Marine and you vote for the right issues and the Semb Ind deal, your Semb marine shares would be only worth $0.20-$0.30 meaning you are going to suffer almost 50% loss from the current share price of 50 cents (assuming 50 cents for easier calculation, since the mid point of $0.20-$0.30 is $0.25.
Let say I have Semb Marine 10000 shares aka 10 lots. So total capital = 10 x $500 = $5000.
Now ur 10 lots Semb Marine entitles u to get 50 lots rights. Each right requires you to pay $0.20 to convert to mother share. Assuming Ex-right theoritical share price of Semb Marine to be $0.25 ==> your right shares would be worth about $0.05. So if you sell ur 50 lots rights, u get back $2500.
In the end, u will have 10 lots Semb Marine shares worth $0.25 = $2500 plus the $2500 u got by selling the right shares.
So in the end, ur total capital is still $5000.
thats why some analysts say either u subscribe for the right shares OR you sell ur right.. NEVER take no action becos your will lose out on the $2500 that u can get by selling the rights.
But according to TA_Expert, he is saying your total capital will drop to $2000 - $3000.
Just to clarify whether TA_Expert is correct? Any expert please clarify. Thanks
TA_Expert ( Date: 02-Jul-2020 18:25) Posted:
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Your computation is totally flawed.
Good luck to readers who believe in your simplistic calculation.
Good luck to shareholders of SMM. See you at $0.20-0.30 or even lower.
Good luck to readers who believe in your simplistic calculation.
Good luck to shareholders of SMM. See you at $0.20-0.30 or even lower.
josemmm123 ( Date: 02-Jul-2020 18:05) Posted:
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And if deal approved, investors will say Temasek is substantial shareholders of both so they would treat it as " good" news and push up both Semb Ind and Marine share prices.. So $0.20 to $0.30 will become $0.30 - $0.40 and dun forget, u already got back $2500 from selling the rights shares.. So ur total will become ($3000 - $4000) + $2500
josemmm123 ( Date: 02-Jul-2020 18:05) Posted:
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actually by vetoing the resolutions, is both sides die. Semb marine having high debt.. without Temasek involvement, not a good thing. Anyway, as Semb marine shareholders, u dun really lose anything, u can sell the rights. For every 1 share, u get 5 right shares, u can sell the 5 right shares and get back $$$.
eg: Assuming Semb marine trading at 50 cents. Right pricing at 20 cents. Assuming you have 10 lots worth $5000.
So ex rights theory price would be (50 + (20centsx5right shares)) / 6 = 25 cents. So every right shares should be worth around 5 cents or so..
So ur 10 lots u get 50 lots of right shares. U can then sell ur 50 lots right shares and get back 5cents x 50 = $2500. Plus ur original semb marine share worth 25 cents Ex rights worth $2500.. total still $5000.
So ur theory that SMM tank to $0.20-$.30 does not mean u lose $$$. Because dun forget, u get back $0.25 by selling 5 right shares... so the total worth is still the same.
eg: Assuming Semb marine trading at 50 cents. Right pricing at 20 cents. Assuming you have 10 lots worth $5000.
So ex rights theory price would be (50 + (20centsx5right shares)) / 6 = 25 cents. So every right shares should be worth around 5 cents or so..
So ur 10 lots u get 50 lots of right shares. U can then sell ur 50 lots right shares and get back 5cents x 50 = $2500. Plus ur original semb marine share worth 25 cents Ex rights worth $2500.. total still $5000.
So ur theory that SMM tank to $0.20-$.30 does not mean u lose $$$. Because dun forget, u get back $0.25 by selling 5 right shares... so the total worth is still the same.
TA_Expert ( Date: 02-Jul-2020 16:39) Posted:
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i doubt a foreign fund will buy now just to vote no right, they probably want the rights and the excess.
You havent add on the CEO, VP, and BOD who has more than 13million shares. Just that i not sure if the vote is based on all shareholders or only attendees present in AGM
You havent add on the CEO, VP, and BOD who has more than 13million shares. Just that i not sure if the vote is based on all shareholders or only attendees present in AGM
jlong0005 ( Date: 02-Jul-2020 09:46) Posted:
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One of the most disgraceful event in SGX for 2020.
Medtecs has surpassed SMM.
SCI and Temasek better find a hole to hide themselves.
Medtecs has surpassed SMM.
SCI and Temasek better find a hole to hide themselves.