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Sembmarine

The reluctant shareholders fr SC will dump to recover whatever piece.

Trader1987      ( Date: 26-Jun-2020 10:34) Posted: If share price below $0.20, shareholder no need to cough out more money liao, might as well buy from open market at less than $0.20. uiop1223      ( Date: 26-Jun-2020 06:34) Posted: If u buy now, u may need to cough up more money for the rights issue if merger goes through. If u want to invest in SMM, wait for merger to go through and buy after XR. Prices will be around $0.20+ then u can hope for merger with keppel corp in future and exit with premium offer. The current shareholders have no choice but to subscribe to the rights if merger goes through in order not to see their shareholdings dilute. If merger doesnt happen, then u decide what to do again. Less risky in my opinion. As if merger doesnt go through, it will be a distressed company with huge debt, maybe price drop further until T comes with new offer. I think if u have no position now in SMM, better to wait

 

This is a sinking ship soon.. If continue no contract and project their due debt coming.. If will sink of cos people will think after right it might not even worth 0.20 cents.. It lose making every Qtr.. Read up their report u can be more clear..

Daxtheman      ( Date: 26-Jun-2020 08:01) Posted: Depends on what you are playing for If you are simply trading, short term there might be a reversal upwards from here . If it does not reverse, cut loss at 0.44. If you are investing, as long as you have enough to hold and subscribe the rights, it should be alright as Temasek has plans and BBs and institutions will come in during announcements to play . Volatile times. Also, as per 1 for 5 rights announcement date Theoretical ex rights - $0.30 At current price, if you do the math. 1 share at $0.47 , 5 shares at $0.20 , total : $1.47 You cost per share : $0.25 If it opens close to $0.30 exrights, you are in the money. There will be noises around saying this and that but Temasek has money backing and will be the only one to be able to make this Keppel O&M and sembcorp Marine merger happen. Therefore , if you are able to hold. This should come off good Jacklim82      ( Date: 25-Jun-2020 13:42) Posted: Hi all, I'm a newbie.. I have read the post.. So may I know whether is it wise to buy it now at $0.47? Thanks a milion

 

I lost big on SCM bought 20 lots@ $1.12 sold at $.82. Switched to 10 lots SCI @ $1.55. Collected the 2 cents dividend and cleared my SCI @$2.05. Managed to recover some and overall still punctured.

 

If share price below $0.20, shareholder no need to cough out more money liao, might as well buy from open market at less than $0.20.

uiop1223      ( Date: 26-Jun-2020 06:34) Posted: If u buy now, u may need to cough up more money for the rights issue if merger goes through. If u want to invest in SMM, wait for merger to go through and buy after XR. Prices will be around $0.20+ then u can hope for merger with keppel corp in future and exit with premium offer. The current shareholders have no choice but to subscribe to the rights if merger goes through in order not to see their shareholdings dilute. If merger doesnt happen, then u decide what to do again. Less risky in my opinion. As if merger doesnt go through, it will be a distressed company with huge debt, maybe price drop further until T comes with new offer. I think if u have no position now in SMM, better to wait. Jacklim82      ( Date: 25-Jun-2020 13:42) Posted: Hi all, I'm a newbie.. I have read the post.. So may I know whether is it wise to buy it now at $0.47? Thanks a milion

 

$0.20 coming? If so, all right shares become junk.

 

Agreed to what u posted.
Checking thru their historical P& L, the last 3 qtrs losses were accelerating. If not for this arrangement to pay their enormous debts in shares, they would cont to sink.
How to move fwd with this heavy debt. 
Think the shorties may pull it lower than current, so am waiting to buy, but not now.
If it can merge with Keppel, its glory days of returning to being a blue chip is possible, otherwise like no hope. Just opinion.

Daxtheman      ( Date: 26-Jun-2020 08:01) Posted: Depends on what you are playing for If you are simply trading, short term there might be a reversal upwards from here . If it does not reverse, cut loss at 0.44. If you are investing, as long as you have enough to hold and subscribe the rights, it should be alright as Temasek has plans and BBs and institutions will come in during announcements to play . Volatile times. Also, as per 1 for 5 rights announcement date Theoretical ex rights - $0.30 At current price, if you do the math. 1 share at $0.47 , 5 shares at $0.20 , total : $1.47 You cost per share : $0.25 If it opens close to $0.30 exrights, you are in the money. There will be noises around saying this and that but Temasek has money backing and will be the only one to be able to make this Keppel O&M and sembcorp Marine merger happen. Therefore , if you are able to hold. This should come off good Jacklim82      ( Date: 25-Jun-2020 13:42) Posted: Hi all, I'm a newbie.. I have read the post.. So may I know whether is it wise to buy it now at $0.47? Thanks a milion

 

Yes. Both SCI and Temasek are abstain from voting.

It is the rest of the shareholders call now.

If the minority shareholders want to feed SCI fat, by all mean go ahead and vote yes.

simpleguy123      ( Date: 26-Jun-2020 08:01) Posted: Erh...you will need a majority of vote percentage. Question is....do retailers have enough %...? Mayalow63      ( Date: 26-Jun-2020 00:41) Posted: Best case scenario for us small boys (and girls) is to vote against the de-merger. Analysts and fund managers aka smart monies have been saying and putting their money where their mouths are - it is the minority shareholders who are coughing up more monies, footing the bill and supporting the de-merger. The only way to make TH privatise then merge SMM with KOM or other appropriate corporate initiatives is to vote resoundedly against the de-merger from SCI. Whether you call it Russian Roulette game or Hobson's Choice, it is time for long suffering minority shareholders to come together to send a clear message. At current valuations, we may be better off to do nothing. SCI should not benefit at our expense (or severe erosion of value these past few weeks).

 

Erh...you will need a majority of vote percentage. Question is....do retailers have enough %...?

Mayalow63      ( Date: 26-Jun-2020 00:41) Posted: Best case scenario for us small boys (and girls) is to vote against the de-merger. Analysts and fund managers aka smart monies have been saying and putting their money where their mouths are - it is the minority shareholders who are coughing up more monies, footing the bill and supporting the de-merger. The only way to make TH privatise then merge SMM with KOM or other appropriate corporate initiatives is to vote resoundedly against the de-merger from SCI. Whether you call it Russian Roulette game or Hobson's Choice, it is time for long suffering minority shareholders to come together to send a clear message. At current valuations, we may be better off to do nothing. SCI should not benefit at our expense (or severe erosion of value these past few weeks).

 

Depends on what you are playing for

If you are simply trading, short term there might be a reversal upwards from here . If it does not reverse, cut loss at 0.44.

If you are investing, as long as you have enough to hold and subscribe the rights, it should be alright as Temasek has plans and BBs and institutions will come in during announcements to play . Volatile times.

Also, as per 1 for 5 rights announcement date
Theoretical ex rights - $0.30
At current price, if you do the math.

1 share at $0.47 , 5 shares at $0.20 , total : $1.47
You cost per share : $0.25

If it opens close to $0.30 exrights, you are in the money.

There will be noises around saying this and that but Temasek has money backing and will be the only one to be able to make this Keppel O&M and sembcorp Marine merger happen.

Therefore , if you are able to hold. This should come off good

Jacklim82      ( Date: 25-Jun-2020 13:42) Posted: Hi all, I'm a newbie.. I have read the post.. So may I know whether is it wise to buy it now at $0.47? Thanks a milion

 

If u buy now, u may need to cough up more money for the rights issue if merger goes through.

If u want to invest in SMM, wait for merger to go through and buy after XR. Prices will be around $0.20+ then u can hope for merger with keppel corp in future and exit with premium offer.

The current shareholders have no choice but to subscribe to the rights if merger goes through in order not to see their shareholdings dilute.

If merger doesnt happen, then u decide what to do again. Less risky in my opinion. As if merger doesnt go through, it will be a distressed company with huge debt, maybe price drop further until T comes with new offer. I think if u have no position now in SMM, better to wait.

Jacklim82      ( Date: 25-Jun-2020 13:42) Posted: Hi all, I'm a newbie.. I have read the post.. So may I know whether is it wise to buy it now at $0.47? Thanks a milion

 

Yes, it is a real shame to Singapore.

A well established company for decades and backed by Temasek crash like no tomorrow.

Very soon, the price of SMM will be below penny stock like Medtecs. Look at how penny Medtecs raise to the moon from $0.05 to $0.345 with 3 months.

Management of SMM should perform  harakiri.

easywin      ( Date: 25-Jun-2020 11:17) Posted: Sad to see ex blue chip came into such a situation.

 

Yes, veto the resolutions.

Don' t feed the shareholders of SCI. By right, SCI should be trading at less than $1.40 now. They released this news to push its value.

Mayalow63      ( Date: 26-Jun-2020 00:41) Posted: Best case scenario for us small boys (and girls) is to vote against the de-merger. Analysts and fund managers aka smart monies have been saying and putting their money where their mouths are - it is the minority shareholders who are coughing up more monies, footing the bill and supporting the de-merger. The only way to make TH privatise then merge SMM with KOM or other appropriate corporate initiatives is to vote resoundedly against the de-merger from SCI. Whether you call it Russian Roulette game or Hobson's Choice, it is time for long suffering minority shareholders to come together to send a clear message. At current valuations, we may be better off to do nothing. SCI should not benefit at our expense (or severe erosion of value these past few weeks).

 

Best case scenario for us small boys (and girls) is to vote against the de-merger. Analysts and fund managers aka smart monies have been saying and putting their money where their mouths are - it is the minority shareholders who are coughing up more monies, footing the bill and supporting the de-merger. The only way to make TH privatise then merge SMM with KOM or other appropriate corporate initiatives is to vote resoundedly against the de-merger from SCI. Whether you call it Russian Roulette game or Hobson's Choice, it is time for long suffering minority shareholders to come together to send a clear message. At current valuations, we may be better off to do nothing. SCI should not benefit at our expense (or severe erosion of value these past few weeks).

 

Hi all, I'm a newbie.. I have read the post.. So may I know whether is it wise to buy it now at $0.47? Thanks a milion

 

This price have to hold. At important support level.
Reversal upwards then can come

 

Same thoughts, invest for long term, but currently letting shorties dump the price as they have been doing. 
Patiently waiting to buy big time when rights are issued for trading, may take 2-3 months or even longer, but rather late than buy too early to kena dumped by shorties.
Just opinion, no offence intended.

Hector      ( Date: 25-Jun-2020 11:19) Posted: hope that with TH backing, SCM can merge with Keppel and when oil prices shoot up, it will bring back glory. So it may still be a good long term investment counter

 

hope that with TH backing, SCM can merge with Keppel and when oil prices shoot up, it will bring back glory.
So it may still be a good long term investment counter

 

Sad to see ex blue chip came into such a situation.

 

question is will our vote matters? 

jiajoon90      ( Date: 25-Jun-2020 09:40) Posted: who will vote yes with current price of 50 cents? arctician1982      ( Date: 25-Jun-2020 09:22) Posted: same here, am thinking will temasek and sembcorp jointly announce this if end result is a no vote, so far never see a temasek proposed deal fail befor

 

who will vote yes with current price of 50 cents?

arctician1982      ( Date: 25-Jun-2020 09:22) Posted: same here, am thinking will temasek and sembcorp jointly announce this if end result is a no vote, so far never see a temasek proposed deal fail before simpleguy123      ( Date: 25-Jun-2020 07:28) Posted: I am curious...do retail shareholders have enough votes collectively to say n