Post Reply
16941-16960 of 17131
eyeing to buy scm but fear if no news when kepple releases road map, it will plunge deep down and nearer soon with 4Q loss of hundred millions to be announced soon.
90% of Global trade is via sea transport. Thousands of ships and tankers call at our port each year. Repairs, upgrades, new builds, retrofits, FPSO, FSU?s Jack ups plus all the synergy value chain support for peripheral marine related industries and thousands of jobs supported. Sembmarine will not only Pull thru, it Will Chiong blink blink it will Rocket. Just a matter of a few weeks or months once new contracts start flowing in.
I read this last week. These 2 drillships were in the 1.9B projects SMM said it was executing back in November Q3 business update. So I am guessing it will not be 2B for these 2 as some payments would have been made. However, I am wondering if this could be part of the reason SMM changed the language in their Q3 update from " losses for forseeable future quarters" to " losses in Q4 2020" . Perhaps, Q12021 could really be profitable? (nvm what Q2 or Q3 will be for now. Haha). We will know in May this year.
better ( Date: 03-Jan-2021 14:33) Posted:
|
Transocean ordered two ultra-deepwater drillships of the Jurong Espadon III design from Sembmarine back in 2014, for a price of $540 million each. They were initially scheduled for delivery in 2Q 2017 and 1Q 2018.
In October 2017, Transocean agreed with Jurong Shipyard to enhance the two drillships by increasing the hook load capacity to three million pounds.
With the upgrade, Transocean further delayed the delivery dates on each rig, with the drillships then expected to be delivered in the fourth quarter of 2020.
On 31 Dec 2018, Transocean secured a hefty contract with Chevron to lease one of the two units with Chevron. This rig is expected to begin its service in the Gulf of Mexico in the fourth quarter of 2021. Chevron calls for significant upgrades on the rig, including two 20,000 pounds per square inch blowout preventers.
Worth noting, while the original price for the two drillships at the time of the order in 2014 was USD 540 million each, Transocean in its annual report earlier this year shared that the final cost for the two units would be ~$1,93 billion ($1,05 billion for the Titan (TBN2), and $885 million for the TBN1 drillship).
Bottomline: Sembmarine is about to finally deliver the 2 drillships to Transocean in 2021, currently valued at close to USD 2 billion. Delivery is relatively secured as Transocean has secured contract for one of the drillships to start work for Chevron in the 4th quarter of 2021 at the Gulf of Mexico. One billion here, one billion there, it would eventually add up to something.
CEO Wong knows what is going on, so he had invested his whole life savings of S$3.8million in SMM' s rights share at 20 cents. Huat time for Sembmarine in 2021, with or without merger. Huat faster, if no merger. But Temasek is determined. Let' s see.
No la we Kannan stuck at the base camp name 20 cent la...lol
Abe8888 ( Date: 01-Jan-2021 19:26) Posted:
|
" The big thing about SMM as opposed to any other stock is that the vast majority of retail shareholders will never be sellers. They love the stock, they love the ships, they love the ministers and Wong WS and they are adamant long shareholders." :)
Abe8888 ( Date: 01-Jan-2021 19:22) Posted:
|
Sembcorp Marine Weekly Short Sale Report 20201221 to 20201225 https://api2.sgx.com/sites/default/files/reports/short-sell/2020/12/ShortSellReport20201221to20201225.txt
ShortSaleVolume 88,360,500
ShortSaleValue SGD $12,474,654.30
SMM short-sellers lost US$38 billion in 2021 as stock surged -
https://www.businesstimes.com.sg/transport/tesla-short-sellers-lost-us38-billion-in-2020-as-stock-surged
Sembmarine is well prepared to compete with the Korean yards n as well as Chinese yards.
Sembmarine S$222 million HIGHLY AUTOMATED Steel Fabrication Facility will offer a streamlined, seamless n extensively automated production process from steel stock yard to final assembly n finishing shop.
Steel fabrication is major competitive advantage to Chinese yards versus Singapore facilities due to their lower land n labour costs.
www.seatrade-maritime.com/asia/sembmarine-investing-562m-mega-yard-phase-two
Sembmarine S$222 million HIGHLY AUTOMATED Steel Fabrication Facility will offer a streamlined, seamless n extensively automated production process from steel stock yard to final assembly n finishing shop.
Steel fabrication is major competitive advantage to Chinese yards versus Singapore facilities due to their lower land n labour costs.
www.seatrade-maritime.com/asia/sembmarine-investing-562m-mega-yard-phase-two
better ( Date: 31-Dec-2020 19:10) Posted:
|
Korean Shipbuilders Face Dwindling Chances to Win Tender for Design of FPSO for Arctic Wisting Oil Field
18/11/2020
Source: Business Korea
Korean shipbuilders are expected to suffer another setback in bidding for offshore plant projects.
Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries are participating in a tender arranged by Norway&rsquo s state-run oil company Equinor to select the design of a floating production storage and offloading (FPSO) unit to be used to develop the Wisting oil field in the Arctic region.
Equinor awarded a contract to Sevan SSP on Nov. 12, saying that it has decided to further assess a floating production unit based on a circular FPSO solution. This does not mean that the two Korean shipbuilders, who have presented a ship-based FPSO solution, have lost the tender. It means Equinor has added Sevan SSP&rsquo s design to its concept study. Announcing the contract award to Sevan SSP, it noted that a lot of work remains before it can make a final concept select during the second quarter of 2021.
A final decision on the design will be made in the second quarter of 2021. Industry watchers say that Korean shipbuilders no longer have the upper hand over Singapore that they had in the past. This is because they are lagging behind in price competitiveness. Singapore can take advantage of cheap labor from India, Malaysia and Pakistan. About 70 percent of Sembcorp Marine employees are non-Singaporeans, with many from India, Pakistan and Indonesia.
Sembmarine got a good chance to win the USD1.2 billion FPSO project because of their strategic purchase of Sevan SSP for USD28mil in 2018.
Equinor awards Wisting FPSO Study Contract to Sevan SSP (Sembmarine' s wholly owned subsidiary)
by Sevan SSP | Nov 17, 2020 | Contracts, News
Equinor, together with the Wisting Licence partners, has awarded Sevan SSP a Study Contract for the Wisting FPSO, based on Sevan cylindrical hull design.
Just collected some at 14.3 cents 
Trade safe and happy new year to all!
Trade safe and happy new year to all!
This is a more likely scenario and it make sense.
better ( Date: 29-Dec-2020 23:33) Posted:
|
BT likely do not know what they are talking about. Anyhow guess.
Sembmarine and Keppel O& M is about the same size. Keppel corp do not have the financial muscle to buy over Sembmarine.
Further Keppel announced 3 mths ago they are looking at divesting their O& M division.
The likely chain of event should start with Temasek buying over a portion of Keppel O& M with cash. Then Sembmarine issues new shares (non cash) to Keppel Corp and Temasek to absorb Keppel O& M.
The problem is finding the right price for Keppel Corp and Sembmarine shareholders to agree. I think the right price should be about 1.5x book value.
So, if a merger were to be tabled, it should value Sembmarine at about 45 cents per share.
Sembmarine and Keppel O& M is about the same size. Keppel corp do not have the financial muscle to buy over Sembmarine.
Further Keppel announced 3 mths ago they are looking at divesting their O& M division.
The likely chain of event should start with Temasek buying over a portion of Keppel O& M with cash. Then Sembmarine issues new shares (non cash) to Keppel Corp and Temasek to absorb Keppel O& M.
The problem is finding the right price for Keppel Corp and Sembmarine shareholders to agree. I think the right price should be about 1.5x book value.
So, if a merger were to be tabled, it should value Sembmarine at about 45 cents per share.
camelhump ( Date: 29-Dec-2020 22:28) Posted:
|
read in BT prev, if a merger were to happen, it wont be a merger but an aquisition. Problem lies with SembMarine who dont want to be bought over.
Those who have the patience to wait for 6-9 months, SCM will easily
Hit 50 - 70 cents to be more realistic.
better ( Date: 29-Dec-2020 21:19) Posted:
|
CEO Wong invested his WHOLE LIFE SAVINGS of $3.8mil for right shares at 20 cents (28% discount New Year Sale now)
because he knows SMM is worth at least 50 cents per share.
If you cannot buy, waiting is always free. 9 days more to D day.
Til then, Temasek has instructed SMM to maintain total radio silence.
If no merger, SMM can start flying immediately with share buybacks using their $2 billion cash on hand.
If merger confirmed, SMM will not be able to fly immediately because it has to continue to act pathetic until they get EU' s anti trust body' s approval.
But after the approval, it can fly much higher.
because he knows SMM is worth at least 50 cents per share.
If you cannot buy, waiting is always free. 9 days more to D day.
Til then, Temasek has instructed SMM to maintain total radio silence.
If no merger, SMM can start flying immediately with share buybacks using their $2 billion cash on hand.
If merger confirmed, SMM will not be able to fly immediately because it has to continue to act pathetic until they get EU' s anti trust body' s approval.
But after the approval, it can fly much higher.
Shorts covering back. no meat for them
Many supporters of our SMM. great. lets go
wah, nice bro. i wish it can hit 60 c too. at least i can have some kopi money. haha
newbie19 ( Date: 29-Dec-2020 12:35) Posted:
|
800 lots buy up 0.145. now 6000 lots defending 0.144 nice nice to clear up to 0.15