Seatrium
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SembCorp Marine- The new Frontier.
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16881-16900 of 17131
Wow, so many supporters, all so confident!
No risk No gain. 20 cts
pkli899 ( Date: 08-Jan-2021 10:34) Posted:
Wah u so daring.....this price still buy?
U very very sure got merger???
better ( Date: 08-Jan-2021 10:06) Posted:
Just bought some at 16.6 cents. 
Would be using my year end bonus to accumulate more in the coming days leading to the merger announcement.
Trade safe! |
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16.6c is still a good buy if can hold. remember TH 20c for SMM.
pkli899 ( Date: 08-Jan-2021 10:34) Posted:
Wah u so daring.....this price still buy?
U very very sure got merger???
better ( Date: 08-Jan-2021 10:06) Posted:
Just bought some at 16.6 cents.
Would be using my year end bonus to accumulate more in the coming days leading to the merger announcement.
Trade safe! |
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Wah u so daring.....this price still buy?
U very very sure got merger???
better ( Date: 08-Jan-2021 10:06) Posted:
Just bought some at 16.6 cents.
Would be using my year end bonus to accumulate more in the coming days leading to the merger announcement.
Trade safe! |
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Just bought some at 16.6 cents.
Would be using my year end bonus to accumulate more in the coming days leading to the merger announcement.
Trade safe!
Following the allotment and issue of the 10,462,690,870 Rights Shares, the number of issued Shares (including 416,840 treasury shares) increased from 2,092,955,014 Shares as at 10 September 2020 to 12,555,645,884 Shares.
www.sembmarine.com/investor-relations/sembcorp-marine-rights-issue
Brycal_88 ( Date: 07-Jan-2021 22:05) Posted:
Better you are correct. 12bn+shares
better ( Date: 07-Jan-2021 21:30) Posted:
Wrong. According to the Rights Prospectus, the total number of shares after rights issue is 12,555,229,044 (12.555 billion)
Cannot trust free service like Yahoo Finance etc
Usually they just take the figures from published financial statements.
For Sembmarine, the last published financial statement is June 2020 before the rights issue.
nd they probably didn' t bother to get a qualified person to calculate the ratios. Maybe just get an intern to anyhow calculate.
Yahoo Finance will only be updated correctly after year end results are published end Feb |
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Better you are correct. 12bn+shares
better ( Date: 07-Jan-2021 21:30) Posted:
Wrong. According to the Rights Prospectus, the total number of shares after rights issue is 12,555,229,044 (12.555 billion)
Cannot trust free service like Yahoo Finance etc
Usually they just take the figures from published financial statements.
For Sembmarine, the last published financial statement is June 2020 before the rights issue.
nd they probably didn' t bother to get a qualified person to calculate the ratios. Maybe just get an intern to anyhow calculate.
Yahoo Finance will only be updated correctly after year end results are published end Feb.
Brycal_88 ( Date: 07-Jan-2021 16:48) Posted:
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Wrong. According to the Rights Prospectus, the total number of shares after rights issue is 12,555,229,044 (12.555 billion)
Cannot trust free service like Yahoo Finance etc
Usually they just take the figures from published financial statements.
For Sembmarine, the last published financial statement is June 2020 before the rights issue.
nd they probably didn' t bother to get a qualified person to calculate the ratios. Maybe just get an intern to anyhow calculate.
Yahoo Finance will only be updated correctly after year end results are published end Feb.
Brycal_88 ( Date: 07-Jan-2021 16:48) Posted:
3.255 bil shares in total
better ( Date: 07-Jan-2021 16:38) Posted:
ADS2200, those are the pre-rights issue numbers.
After the rights issue in Sept, the debt is reduced by $1.5billion (surbodinated lon from Semcorp written off)
Cash increase from $1.1 to $1.7 billion ($600 million cash from rights issue)
The number of shares increase from 2 to 12 billion.
So cash on hand NOW is 14-16 cenrts per share. I venture to say it is closer to 16 cents per share cash |
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Buy this counter must not prepare to win immediately. Must have money to hold and believe. Anyway taken half profit at 167. Saw weakened q. Hope it can come down to 162/163, will nibble back some.
I suspect they have contracts on hand. Waiting to time it with the merger. Else why the abnormal charge from 141 to 169 within 3 days?
Next week should have big show.
Patient
SgTrader17 ( Date: 07-Jan-2021 18:27) Posted:
How many cups of coffee can I get?
Shifu8888 ( Date: 07-Jan-2021 17:08) Posted:
100-day route March ending soon.
Announcement should be this weekend.
Contracts wins also possible. Customer pen got no ink. Cannot sign yet.
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How many cups of coffee can I get?
Shifu8888 ( Date: 07-Jan-2021 17:08) Posted:
100-day route March ending soon.
Announcement should be this weekend.
Contracts wins also possible. Customer pen got no ink. Cannot sign yet.
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@-@
Brycal_88 ( Date: 07-Jan-2021 17:19) Posted:
| mkt cap move with the price. today closing cap is 537.08m |
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mkt cap move with the price. today closing cap is 537.08m
Brycal_88, 3.255 bil shares but the lousy service provider gave the market cap (SGD ' mil 2,034.02 don' t look right.
Based on Yahoo Market cap and price today it is about this figure. Then the total cash per share is about 0.53
| Market cap (intra-day) 5 |
540.34M |
Basic Stock Information Ø
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100-day route March ending soon.
Announcement should be this weekend.
Contracts wins also possible. Customer pen got no ink. Cannot sign yet.
3.255 bil shares in total
better ( Date: 07-Jan-2021 16:38) Posted:
ADS2200, those are the pre-rights issue numbers.
After the rights issue in Sept, the debt is reduced by $1.5billion (surbodinated lon from Semcorp written off)
Cash increase from $1.1 to $1.7 billion ($600 million cash from rights issue)
The number of shares increase from 2 to 12 billion.
So cash on hand NOW is 14-16 cenrts per share. I venture to say it is closer to 16 cents per share cash.
ADS2200 ( Date: 07-Jan-2021 12:02) Posted:
| Better, how you interpret - the total cash per share $0.53 in relation to the share price |
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ADS2200, those are the pre-rights issue numbers.
After the rights issue in Sept, the debt is reduced by $1.5billion (surbodinated lon from Semcorp written off)
Cash increase from $1.1 to $1.7 billion ($600 million cash from rights issue)
The number of shares increase from 2 to 12 billion.
So cash on hand NOW is 14-16 cenrts per share. I venture to say it is closer to 16 cents per share cash.
ADS2200 ( Date: 07-Jan-2021 12:02) Posted:
Better, how you interpret - the total cash per share $0.53 in relation to the share price ?
ADS2200 ( Date: 05-Jan-2021 23:42) Posted:
Better, you are right and it is the most recent quarter (mrq)
Balance sheet
| Total cash (mrq) |
1.11B |
| Total cash per share (mrq) |
0.53 |
| Total debt (mrq) |
5.63B |
| Total debt/equity (mrq) |
279.35 |
| Current ratio (mrq) |
0.93 |
| Book value per share (mrq) |
0.95 |
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Better, how you interpret - the total cash per share $0.53 in relation to the share price ?
ADS2200 ( Date: 05-Jan-2021 23:42) Posted:
Better, you are right and it is the most recent quarter (mrq)
Balance sheet
| Total cash (mrq) |
1.11B |
| Total cash per share (mrq) |
0.53 |
| Total debt (mrq) |
5.63B |
| Total debt/equity (mrq) |
279.35 |
| Current ratio (mrq) |
0.93 |
| Book value per share (mrq) |
0.95 |
better ( Date: 05-Jan-2021 21:07) Posted:
I would venture to say that they have over S$2 billion cash on hand as at 31st Dec 2020.
Pre rights issue cash balance- 1.1 billion (Search yahoo finance for S51. Click on statistic. Scroll down to " total cash" tab)
Cash from rights issue- 600mil
Government Covid aids paid out in cash- estimated 50 to 100mil
Cash from projects completion- a couple of projects completed in 2020. estimated about 200-300 mil which is cash flow positive.
For those who understanding accounting principle, the losses reported in 2020 are mostly non cash events, accelerated depreciation of yard/ equipment value. Mainly to push through the rights issue and the upcoming merger. In pther words, Sembmarine need not report a loss if they don' t want to. This is called creative accounting.
Likewise for Keppel O& M. |
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Well done ... breaking more new frontiers. Hang on tight, we are going to the other side !
China okays KSOE-DSME merger
https://www.offshore-energy.biz/china-okays-ksoe-dsme-merger/
December 28, 2020,
China&rsquo s antitrust authority has reportedly approved the planned merger between South Korean shipbuilding majors, Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding arm of Hyundai Heavy Industries (HHI) Group, and Daewoo Shipbuilding & Marine Engineering (DSME).
Hyundai Heavy-DSME merger to be finalized in H1 2021... apart from China, the deal has so far gained approvals from Singapore (who said " let me merge my SMM and KOM too!" ) and Kazakhstan.
https://www.offshore-energy.biz/chairman-hyundai-heavy-dsme-merger-to-be-finalized-in-h1-2021/
Hyundai Heavy says trying to allay Singapore concerns over Daewoo shipyard merger December 4, 201912:05 PMUpdated a year ago
https://www.reuters.com/article/us-hyundaiheavyinds-m-a-singapore-idUSKBN1Y80BD
&ldquo We believe Singaporean authorities are taking a cautious approach to make a decision about the deal between the two big market players,&rdquo the spokesman said.
THE said authorities said ' ' Let' s merge quickly too... or they will have a huge competitive advantage over us..."
Duh...
There are
many different types of economy of scale and
depending on the particular characteristics of an industry, some are more important than others.
Technical economies of scale:
Large-scale businesses can afford to invest in expensive and specialist capital machinery. For example, a supermarket chain such as Tesco or Sainsbury' s can invest in technology that improves stock control. It might not, however, be viable or cost-efficient for a small corner shop to buy this technology.
Specialisation of the workforce
Larger businesses split complex production processes into separate tasks to boost productivity. By specialising in certain tasks or processes, the workforce is able to produce more output in the same time.
Marketing economies of scale
A large firm can spread its advertising and marketing budget over a large output and it can purchase its inputs in bulk at negotiated discounted prices if it has sufficient negotiation power in the market. A good example would be the ability of the electricity generators to negotiate lower prices when negotiating coal and gas supply contracts. The major food retailers also have buying power when purchasing supplies from farmers and other suppliers.
Managerial economies of scale
This is a form of division of labour. Large-scale manufacturers employ specialists to supervise production systems, manage marketing systems and oversee human resources.
Financial economies of scale
Larger firms are usually rated by the financial markets to be more ' credit worthy' and have access to credit facilities, with favourable rates of borrowing. In contrast, smaller firms often face higher rates of interest on overdrafts and loans. Businesses quoted on the stock market can normally raise fresh money (i.e. extra financial capital) more cheaply through the issue of shares. They are also likely to pay a lower rate of interest on new company bonds issued through the capital markets.
Network economies of scale
Network economies are best explained by saying that the extra cost of adding one more user to the network is close to zero, but the resulting benefits may be huge because each new user to the network can then interact, trade with all of the existing members or parts of the network. The expansion of e-commerce is a great example of network economies of scale &ndash it doesn' t cost Amazon.co.uk much (if anything) to add another 10,000 customers to its systems, but the revenue and profit effect can be significant.
Merger or not... place your bet haha...
