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Sembmarine

I believe some are shorting the counter seeing the trend daily.. They will need to buy back later and 妈 祖 will help us to push up the share price. We can only hope and pray now since we have no better fundamentals to work on for this counter as majority of us waiting for the EGM to come. Buy more only when you want to increase your sharesholdings for the votes or to subscribe to the rights entitlements.

easywin      ( Date: 22-Jun-2020 10:12) Posted: Wow,  price at this moment was so tempting.

 

Many waited at 0.45

 

SCI convert the loan to equities then distribute to shareholders. In a way, to a layman, they write off the loan by converting it into equities. it is more like a debt/equity swap.

TA_Expert      ( Date: 21-Jun-2020 01:20) Posted: You got mixed up. Since when SCI write off the loans to SMM? Instead, they are asking SMM to raise funds to pay back to them so they can cut off SMM once and for all. SCI writing off the loan to SMM will never happen until the day they decided to sell SMM to a third-party, then the losses will be written off as bad debts. Goldfinger      ( Date: 20-Jun-2020 21:19) Posted: Is there any possibility that if the merger fails, that SCI will just write off SMM and stop supporting it with loans or loan guarantees?  A lot of people think that SMM is a big drag on SCI value.  In fact, with the demerger, SCI is already writing off the SGD1.5billion loan. If it is willing to do this, does this not convey that SCI is willing to let SMM go and write it off its books

 

Yes of course what you've said make sense. I also think but problem is it will be in super red when we don't subscribe the rights entitlements plus those who are willing to subscribe, has the same view to wait for the Keppel corp merger. Or SCM will have to wait for oil price to goes up. Have to wait for 6 to 12 months at least to see the fruits after the rights subscription.

TA_Expert      ( Date: 22-Jun-2020 09:57) Posted: You can hope. Many of the people who I know will not subscribe the rights. Why pay $0.20 per share for a sinking ship. $0.20 can invest in many counters in SGX. Djsoul80      ( Date: 22-Jun-2020 09:39) Posted: It can't be $0.20 as the exercise price is $0.20 The mother share will trade around $0.30 per share. That's what all SCM shareholders need to bite on and wait for the rights exercise to subscribe their entitlements. They won't allow the mother share to trade below the subscription price else nobody wants to subscribe already.

 

Wow,  price at this moment was so tempting.

 

you are not alone bro.
my lungs also broken. 

Eyescold      ( Date: 22-Jun-2020 09:59) Posted: you are not alone bro....everyday see until dont want see..... Djsoul80      ( Date: 22-Jun-2020 09:51) Posted: I wonder how many people is like me heartbroken everyday seeing the price drop. It's expected to drop but yet can still feel heartbroken to see portfolio in red for this counter. Can 妈 祖 help this sinking counter?

 

think inside wants smm sh to vote against it.
price dump will continue

 

Told you guys..... don?t listen to the chartist. The only good about chartist is they set cut loss level but how many people who listen to chartist or chartist themselves ?always? cut at the level they set.
I am not saying chartist is bullshit.

My recommendation - 25% chartist and 75% fundamentalists.

Bigmama      ( Date: 19-Jun-2020 16:12) Posted: It?s all in the chart... it?s all in the chart.... that what the chartist like to say.....but That is how they trap chartist ..... majority of Chartist lost money. Those that make .... they make very little. SgYuan      ( Date: 19-Jun-2020 13:17) Posted: over corrected but nearing w2 end w2 tgt 535 dn 61.8% level px hit 510 78.6% level 495 hope it dont come here

 

you are not alone bro....everyday see until dont want see.....

Djsoul80      ( Date: 22-Jun-2020 09:51) Posted: I wonder how many people is like me heartbroken everyday seeing the price drop. It's expected to drop but yet can still feel heartbroken to see portfolio in red for this counter. Can 妈 祖 help this sinking counter?

 

You can hope.

Many of the people who I know will not subscribe the rights. Why pay $0.20 per share for a sinking ship. $0.20 can invest in many counters in SGX.

Djsoul80      ( Date: 22-Jun-2020 09:39) Posted: It can't be $0.20 as the exercise price is $0.20 The mother share will trade around $0.30 per share. That's what all SCM shareholders need to bite on and wait for the rights exercise to subscribe their entitlements. They won't allow the mother share to trade below the subscription price else nobody wants to subscribe already. TA_Expert      ( Date: 22-Jun-2020 09:19) Posted: Once resolutuons approved in the EGM, you would expect the share price of SMM will fall further towards the $0.20 mark.

 

I wonder how many people is like me heartbroken everyday seeing the price drop. It's expected to drop but yet can still feel heartbroken to see portfolio in red for this counter. Can 妈 祖 help this sinking counter?

 

It can't be $0.20 as the exercise price is $0.20 The mother share will trade around $0.30 per share. That's what all SCM shareholders need to bite on and wait for the rights exercise to subscribe their entitlements. They won't allow the mother share to trade below the subscription price else nobody wants to subscribe already.

TA_Expert      ( Date: 22-Jun-2020 09:19) Posted: Once resolutuons approved in the EGM, you would expect the share price of SMM will fall further towards the $0.20 mark.

 

If SMM $0.20, what should be SC?

TA_Expert      ( Date: 22-Jun-2020 09:19) Posted: Once resolutuons approved in the EGM, you would expect the share price of SMM will fall further towards the $0.20 mark.

 

Once resolutuons approved in the EGM, you would expect the share price of SMM will fall further towards the $0.20 mark.

 

Next stop 45

 

I saw the $0.50.. Got so high anot.. When SMM still continue carry on loses and red every Qtr.. Might 0.20 can be white Knight liao..

TA_Expert      ( Date: 20-Jun-2020 21:07) Posted: Temasek is not a controlling shareholder of SMM. SCI is the who is the controlling stakeholder. The game for SCI is to transfer this shareholding to Temasek. After that, SCI is no longer concern about the survival of SMM anymore. SCI will collect a huge sum in this game through suckers of SMM shareholders and enrich themselves and their shareholders. They will open champagne to celebrate because they no longer need to worry about its child anymore. Let him rot and die. After Temasek became the controller, the market hope that they will merge with Keppel Marine and then delist SMM thereafter. By then, the share price of SMM will be around $0.20. Temasek can easily offer $0.50, huge premium based on the current market price, which minority shareholders will accept it since they have no say. This is the game of both SCI and Temasek to ripe off SMM. Both of them will be laughing their way to the bank by sucking SMM shareholders dry.

 

So much said, I think the selling by funds almost complete. The only to watch out is the day traders. For the coming week, SCM will be up or down? Any guess? 

 

Looking thru the last 7 qtrs of SCM  losses, it was terrible, a ship sinking fast and faster.
Out of the 7 qtrs, only 1 gain on 1Q2019, and even on that qtr the gain was miserabe, not even 0.1cps.
The arrangement may not be the best option, but without it, it will just cont to sink to the sea bed in more qtrly losses that will get worse and worse.
Anyway, when the rights are given, and if attrractive to buy, will grab some. With Tema Kong supporting thereafter, think it will cont to rise, not sink lah. Just opinion.

 

Actually, got to think of this pragmatically. I think this arrangment is very " kind" already. SMM could do a private placement to temasek or SCI or any other entity in order to repay the loan. If private placement to sci, thr result is the same. Sci could write off the debt and cut off smm by distributing smm shares to sci shareholders. The result is massive dilution of smm shares, without even giving smm shareholders a chance to average down. Sci and temasek could also opt to vote, amd do what they want. But instead, they are managing this rather " kindly" already. There could be so many ways to do this, but they tried to do it in the fairest possible way. 

 

You got mixed up.

Since when SCI write off the loans to SMM?

Instead, they are asking SMM to raise funds to pay back to them so they can cut off SMM once and for all.

SCI writing off the loan to SMM will never happen until the day they decided to sell SMM to a third-party, then the losses will be written off as bad debts.

Goldfinger      ( Date: 20-Jun-2020 21:19) Posted: Is there any possibility that if the merger fails, that SCI will just write off SMM and stop supporting it with loans or loan guarantees?  A lot of people think that SMM is a big drag on SCI value.  In fact, with the demerger, SCI is already writing off the SGD1.5billion loan. If it is willing to do this, does this not convey that SCI is willing to let SMM go and write it off its books? TA_Expert      ( Date: 20-Jun-2020 21:07) Posted: Temasek is not a controlling shareholder of SMM. SCI is the who is the controlling stakeholder. The game for SCI is to transfer this shareholding to Temasek. After that, SCI is no longer concern about the survival of SMM anymore. SCI will collect a huge sum in this game through suckers of SMM shareholders and enrich themselves and their shareholders. They will open champagne to celebrate because they no longer need to worry about its child anymore. Let him rot and die. After Temasek became the controller, the market hope that they will merge with Keppel Marine and then delist SMM thereafter. By then, the share price of SMM will be around $0.20. Temasek can easily offer $0.50, huge premium based on the current market price, which minority shareholders will accept it since they have no say. This is the game of both SCI and Temasek to ripe off SMM. Both of them will be laughing their way to the bank by sucking SMM shareholders dry.