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Sembmarine_Green is the new gold_a better future

True, what you mentioned are all facts.

dcproperty      ( Date: 29-Dec-2021 09:19) Posted: The fact is SMM is having more than $1b in the pocket. They can even afford to reduce bank loan reduce bank interest payment and extend cash collecting with exchange for interest getting from Borr and other companies. How about you? You are paying interest for your short positions. How much have you paid for the interest all these months? Is SMM smarter than you? chart_expert123      ( Date: 28-Dec-2021 17:47) Posted: Oops..... 1.5bil cash left 750mio only in 3 month times. It is ok, 2022 year issue rights at 3cents again.

 

Don't twist the logic and cheat. If SCM has so much money, rights are not required. They won't use rights till only left 750mio for expenses of salary, subcontractor and loan.

dcproperty      ( Date: 29-Dec-2021 09:19) Posted: The fact is SMM is having more than $1b in the pocket. They can even afford to reduce bank loan reduce bank interest payment and extend cash collecting with exchange for interest getting from Borr and other companies. How about you? You are paying interest for your short positions. How much have you paid for the interest all these months? Is SMM smarter than you? chart_expert123      ( Date: 28-Dec-2021 17:47) Posted: Oops..... 1.5bil cash left 750mio only in 3 month times. It is ok, 2022 year issue rights at 3cents again.

 

Good analysis based on facts

better      ( Date: 28-Dec-2021 21:00) Posted: Yup, pretty cash rich. The Borr drilling debt restructuring will bring in about $25mil next month and another $50mil in mid 2022.....and about $80-90 million in 2023 and 2024 respectively. The recent announcement of using $100million from the 2021 rights proceed is pretty neutral and expected news. The cash ouflow seems to be slightly lower than expected given that SCM is rushing to complete the Johan Castberg hull, the 2 drillships, the Energean FPSO, Shell Vito, the Gallaf 2 platforms, Tyra well head, Farmosa Wind turbine foundations and the Ropax ferries. Cash flow analysis Cash balance as at 30th June- $788mil Proceed from rights issue- +$1.5billion Pay off short term loan- $430mil + $150mil utilised for working capital- $100mil +$100mil Projected Cash balance at 31 Dec 2021 = 788 + 1500 - 580 - 200 =  $1.5 billion After that, substantial cash collections from Jan to April for the above mentioned deliveries. Cheers to all SCM supporters.      ahbui8      ( Date: 28-Dec-2021 17:33) Posted: 😂 no actual contract win , spend money announcement again. 8cts wall confirm will break by next month.

 

Thanks for sharing

naoshingo      ( Date: 28-Dec-2021 21:08) Posted: SM has $1.1B of receivables.... better      ( Date: 28-Dec-2021 21:00) Posted: Yup, pretty cash rich. The Borr drilling debt restructuring will bring in about $25mil next month and another $50mil in mid 2022.....and about $80-90 million in 2023 and 2024 respectively. The recent announcement of using $100million from the 2021 rights proceed is pretty neutral and expected news. The cash ouflow seems to be slightly lower than expected given that SCM is rushing to complete the Johan Castberg hull, the 2 drillships, the Energean FPSO, Shell Vito, the Gallaf 2 platforms, Tyra well head, Farmosa Wind turbine foundations and the Ropax ferries. Cash flow analysis Cash balance as at 30th June- $788mil Proceed from rights issue- +$1.5billion Pay off short term loan- $430mil + $150mil utilised for working capital- $100mil +$100mil Projected Cash balance at 31 Dec 2021 = 788 + 1500 - 580 - 200 =  $1.5 billion After that, substantial cash collections from Jan to April for the above mentioned deliveries. Cheers to all SCM supporters.

 

The fact is SMM is having more than $1b in the pocket. They can even afford to reduce bank loan reduce bank interest payment and extend cash collecting with exchange for interest getting from Borr and other companies.

How about you? You are paying interest for your short positions. How much have you paid for the interest all these months? Is SMM smarter than you?

chart_expert123      ( Date: 28-Dec-2021 17:47) Posted: Oops..... 1.5bil cash left 750mio only in 3 month times. It is ok, 2022 year issue rights at 3cents again. bystander1965      ( Date: 28-Dec-2021 17:38) Posted: Another 250m spent including 150m loan repayment. https://links.sgx.com/1.0.0/corporate-announcements/6NGHLF57JA71X9RL/891e0c5ed386998fb0877a83fcf4fbb32dea71ed838082c5b35f77657337553c

 

Certainly a great sigh of relief for everyone after reading so many negatives about the company. The PR department really needs to brush up their communication skills to convey such good attributes to the general public.

better      ( Date: 28-Dec-2021 21:00) Posted: Yup, pretty cash rich. The Borr drilling debt restructuring will bring in about $25mil next month and another $50mil in mid 2022.....and about $80-90 million in 2023 and 2024 respectively. The recent announcement of using $100million from the 2021 rights proceed is pretty neutral and expected news. The cash ouflow seems to be slightly lower than expected given that SCM is rushing to complete the Johan Castberg hull, the 2 drillships, the Energean FPSO, Shell Vito, the Gallaf 2 platforms, Tyra well head, Farmosa Wind turbine foundations and the Ropax ferries. Cash flow analysis Cash balance as at 30th June- $788mil Proceed from rights issue- +$1.5billion Pay off short term loan- $430mil + $150mil utilised for working capital- $100mil +$100mil Projected Cash balance at 31 Dec 2021 = 788 + 1500 - 580 - 200 =  $1.5 billion After that, substantial cash collections from Jan to April for the above mentioned deliveries. Cheers to all SCM supporters.      ahbui8      ( Date: 28-Dec-2021 17:33) Posted: 😂 no actual contract win , spend money announcement again. 8cts wall confirm will break by next month.

 

SM has $1.1B of receivables....

better      ( Date: 28-Dec-2021 21:00) Posted: Yup, pretty cash rich. The Borr drilling debt restructuring will bring in about $25mil next month and another $50mil in mid 2022.....and about $80-90 million in 2023 and 2024 respectively. The recent announcement of using $100million from the 2021 rights proceed is pretty neutral and expected news. The cash ouflow seems to be slightly lower than expected given that SCM is rushing to complete the Johan Castberg hull, the 2 drillships, the Energean FPSO, Shell Vito, the Gallaf 2 platforms, Tyra well head, Farmosa Wind turbine foundations and the Ropax ferries. Cash flow analysis Cash balance as at 30th June- $788mil Proceed from rights issue- +$1.5billion Pay off short term loan- $430mil + $150mil utilised for working capital- $100mil +$100mil Projected Cash balance at 31 Dec 2021 = 788 + 1500 - 580 - 200 =  $1.5 billion After that, substantial cash collections from Jan to April for the above mentioned deliveries. Cheers to all SCM supporters.      ahbui8      ( Date: 28-Dec-2021 17:33) Posted: 😂 no actual contract win , spend money announcement again. 8cts wall confirm will break by next month.

 

Yup, pretty cash rich. The Borr drilling debt restructuring will bring in about $25mil next month and another $50mil in mid 2022.....and about $80-90 million in 2023 and 2024 respectively.

The recent announcement of using $100million from the 2021 rights proceed is pretty neutral and expected news. The cash ouflow seems to be slightly lower than expected given that SCM is rushing to complete the Johan Castberg hull, the 2 drillships, the Energean FPSO, Shell Vito, the Gallaf 2 platforms, Tyra well head, Farmosa Wind turbine foundations and the Ropax ferries.

Cash flow analysis
Cash balance as at 30th June- $788mil
Proceed from rights issue- +$1.5billion
Pay off short term loan- $430mil + $150mil
utilised for working capital- $100mil +$100mil
Projected Cash balance at 31 Dec 2021 = 788 + 1500 - 580 - 200 =  $1.5 billion

After that, substantial cash collections from Jan to April for the above mentioned deliveries.

Cheers to all SCM supporters.     

ahbui8      ( Date: 28-Dec-2021 17:33) Posted: 😂 no actual contract win , spend money announcement again. 8cts wall confirm will break by next month.

 

SM is too kind of a creditor...they are just not being paid on time by the debtors...

 

Oops..... 1.5bil cash left 750mio only in 3 month times. It is ok, 2022 year issue rights at 3cents again.

bystander1965      ( Date: 28-Dec-2021 17:38) Posted: Another 250m spent including 150m loan repayment. https://links.sgx.com/1.0.0/corporate-announcements/6NGHLF57JA71X9RL/891e0c5ed386998fb0877a83fcf4fbb32dea71ed838082c5b35f77657337553c

 

Another 250m spent including 150m loan repayment.
https://links.sgx.com/1.0.0/corporate-announcements/6NGHLF57JA71X9RL/891e0c5ed386998fb0877a83fcf4fbb32dea71ed838082c5b35f77657337553c

 

😂 no actual contract win , spend money announcement again. 8cts wall confirm will break by next month. 

 

SCM is cash rich and has become a bank.

SCM lends $bilions to Transocean and Borr Drilling and collects interest money from them.
 

 

Hahaha....finally you are conceding that your Keppel corp recommendation is not working out. Salute you for the courage to admit your mistake.

Last 3 months perdormance (Source: Yahoo finance)

STI- +0.8%
Sembmarine- +1.2%
Keppel Corp-    - 2.5%

chart_expert123      ( Date: 28-Dec-2021 13:44) Posted: Market up, stagnant, market down, down. Then wait for time up and BOM!!!

 

Market up, stagnant, market down, down. Then wait for time up and BOM!!!

 

And this share is so easy to push. Funds together have 3.9% or around 1.2b shares. Buy up every shares at 8 cents only cost $96m, a pittance for any operator to churn any share, PITTANCE.. Subsequently, the sky is the limit. It's only a question of whether BB wants to push or not. We saw that in SIA whose circumstances and fundamentals are many times worse, yet the price overshoot the fundamentals by so much. SIA debts have shot through the roof, share heavily diluted, extremely high fixed cost, revenue as good as nothing, relatively. Even with full recovery, the precovid revenue may only lead to very little profit if any, yet the price is trading at such a high premium. Latest update, over the last 3 months, 1 fund sold 2b shares, another one bought 1.3b shares. Hopefully, BB will take down all the sellers. Easy task. Dream only.

better      ( Date: 28-Dec-2021 10:47) Posted: When it stops going down for awhile ( a few weeks to a few months), it would suddenly shoot up a few cents. Bearing in mind the Shortist is paying daily interest for their 1-2 billion shares short position accumulated when they suppressed the share price during the 2nd rights issue exercise from June to Sept. They will be losing money everyday when price stagnates...let' s see.   bystander1965      ( Date: 28-Dec-2021 10:21) Posted: Market again does not seem to be bothered, like the last announcement. Could be good since it does not react to " bad" news any more. Let' s see for the next few weeks. BTW, I am *not* vested any more. I am only watching at the side waiting to play the recovery if possible. The last round I went in too early. So now patience ...

 

When it stops going down for awhile ( a few weeks to a few months), it would suddenly shoot up a few cents.


Bearing in mind the Shortist is paying daily interest for their 1-2 billion shares short position accumulated when they suppressed the share price during the 2nd rights issue exercise from June to Sept. They will be losing money everyday when price stagnates...let' s see.

 

bystander1965      ( Date: 28-Dec-2021 10:21) Posted: Market again does not seem to be bothered, like the last announcement. Could be good since it does not react to " bad" news any more. Let' s see for the next few weeks. BTW, I am *not* vested any more. I am only watching at the side waiting to play the recovery if possible. The last round I went in too early. So now patience ...

 

No la.. why people obsessed with fully paid property, or collect dividends until the shares u paid is free? This is a very stupid way of investing. The key is to get capital appreciation within 3yrs, $150k to $300k net rental income $150k, get the profits and get better property.

Same for stock. Recoup capital + gains, find a better stock.

Still, this stupid method is far ?BETTER? than to buy a company where customers unable to pay and need taxpayers via T to keep it alive. Shameless.

dcproperty      ( Date: 27-Dec-2021 20:55) Posted: Stock market, by nature is roller coaster. If that is your concern, trading is not for you. Maybe buy property and collect rental is much suitable to you. After holding for more than 15 years, likely can fully pay off your unit with rental naoshingo      ( Date: 27-Dec-2021 17:10) Posted:

 

This counter is jinx , maybe the CEO really need to go in order to change luck. 
 

 

Market again does not seem to be bothered, like the last announcement. Could be good since it does not react to " bad" news any more.
Let' s see for the next few weeks.

BTW, I am *not* vested any more. I am only watching at the side waiting to play the recovery if possible. The last round I went in too early. So now patience ...