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Sembmarine_Green is the new gold_a better future
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As you mentioned, 5% of their cash balance. The only problem I see here is the major shareholder do nothing leaving us, retailers to defend against the Wall Street sharks. And retailers to support the company's finance all the time. That explains why the share turned into a jinx from the mouth of so many investors. Trust is like a mirror, once broken can never be fixed back again. SM has a long way to earn back that trust and confidence. It a MUST
MANFREDTMK ( Date: 24-Dec-2021 13:48) Posted:
Putting things in perspective, the amount is equivalent to 2 Good Class Bungalow. Or 2 penthouse at CanningHill Piers. The settlement amount is much more lower. Do you think that will tank SM for a company that is so lowly gear
bystander1965 ( Date: 24-Dec-2021 13:38) Posted:
I hold a slightly different view. It' s more than 5% of their cash position.
If today SCM (or anybody in fact) is happily chucking along, flushed with cash/projects, this probably would not have come to arbitration/light. Some form of settlement would have been reached privately and accounted for somewhere in the book perhaps buried.
But now every penny counts.
Just my opinion.
It' s true SCM not necessarily has to pay all or even part. I guess there is difference in interpretation of the contracts.
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Putting things in perspective, the amount is equivalent to 2 Good Class Bungalow. Or 2 penthouse at CanningHill Piers. The settlement amount is much more lower. Do you think that will tank SM for a company that is so lowly gear
bystander1965 ( Date: 24-Dec-2021 13:38) Posted:
I hold a slightly different view. It' s more than 5% of their cash position.
If today SCM (or anybody in fact) is happily chucking along, flushed with cash/projects, this probably would not have come to arbitration/light. Some form of settlement would have been reached privately and accounted for somewhere in the book perhaps buried.
But now every penny counts.
Just my opinion.
It' s true SCM not necessarily has to pay all or even part. I guess there is difference in interpretation of the contracts.
MANFREDTMK ( Date: 24-Dec-2021 12:43) Posted:
The amount $76m US is not that significant. KOM lawsuit is $1.1b.
However, usually the settlement amount, if any, will be a lot lower. Retailers are selling but I am not sure they can bear the pain of selling below 8 cents. |
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I hold a slightly different view. It' s more than 5% of their cash position.
If today SCM (or anybody in fact) is happily chucking along, flushed with cash/projects, this probably would not have come to arbitration/light. Some form of settlement would have been reached privately and accounted for somewhere in the book perhaps buried.
But now every penny counts.
Just my opinion.
It' s true SCM not necessarily has to pay all or even part. I guess there is difference in interpretation of the contracts.
MANFREDTMK ( Date: 24-Dec-2021 12:43) Posted:
The amount $76m US is not that significant. KOM lawsuit is $1.1b.
However, usually the settlement amount, if any, will be a lot lower. Retailers are selling but I am not sure they can bear the pain of selling below 8 cents.
kopi-boy ( Date: 24-Dec-2021 11:50) Posted:
don' t be too discouraged...8.2c is still holding up well.
the case is under litigation and not done deal yet, might not lose |
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One fund, Dimension is slowly accumulating. I think 7 cents is far too remote. Let's see
MANFREDTMK ( Date: 24-Dec-2021 12:43) Posted:
The amount $76m US is not that significant. KOM lawsuit is $1.1b.
However, usually the settlement amount, if any, will be a lot lower. Retailers are selling but I am not sure they can bear the pain of selling below 8 cents.
kopi-boy ( Date: 24-Dec-2021 11:50) Posted:
don' t be too discouraged...8.2c is still holding up well.
the case is under litigation and not done deal yet, might not lose |
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The amount $76m US is not that significant. KOM lawsuit is $1.1b.
However, usually the settlement amount, if any, will be a lot lower. Retailers are selling but I am not sure they can bear the pain of selling below 8 cents.
kopi-boy ( Date: 24-Dec-2021 11:50) Posted:
don' t be too discouraged...8.2c is still holding up well.
the case is under litigation and not done deal yet, might not lose.
ahbui8 ( Date: 24-Dec-2021 09:40) Posted:
| The 8 cts wall will be break by next year Jan. This counter really is jinxed. |
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Yup. And also not litigation but arbitration.
kopi-boy ( Date: 24-Dec-2021 11:50) Posted:
don' t be too discouraged...8.2c is still holding up well.
the case is under litigation and not done deal yet, might not lose.
ahbui8 ( Date: 24-Dec-2021 09:40) Posted:
| The 8 cts wall will be break by next year Jan. This counter really is jinxed. |
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It's going to be a very long and bumpy voyage. Think it's going to be longer than I thought. Hopefully this submarine doesn't submerge for too long. Will run out of oxygen. 😅 . If you are in already just have to "tong" or "loon".
pkli899 ( Date: 24-Dec-2021 09:26) Posted:
Haha......may it be
苦 尽 甘 来
希 望 在 明 天
bystander1965 ( Date: 24-Dec-2021 07:23) Posted:
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don' t be too discouraged...8.2c is still holding up well.
the case is under litigation and not done deal yet, might not lose.
ahbui8 ( Date: 24-Dec-2021 09:40) Posted:
| The 8 cts wall will be break by next year Jan. This counter really is jinxed. |
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The 8 cts wall will be break by next year Jan. This counter really is jinxed.
Haha......may it be
苦 尽 甘 来
希 望 在 明 天
bystander1965 ( Date: 24-Dec-2021 07:23) Posted:
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😂 😂 😂 starhub revenue, profit and net cash flow all are in growth. SCM all are opposite. Of course buy big and hold starhub. If privatise, surely more than M1 privatise at 2.06. Starhub is only 1.35 now. Starhub market cap only 2.2bil. SCM is 2.78bil. Only scammers scam to buy SCM.
dcproperty ( Date: 23-Dec-2021 20:22) Posted:
Haha... someone hopes Starhub being privatised or takeover by white knight lo
better ( Date: 23-Dec-2021 19:50) Posted:
| What happened to Starhub? Why dropped 52% over last 5 years |
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Exactly happened on swiber, ezra and ezion before turn zero value. 970mil become 890mil. More to come.
MakeChanges ( Date: 24-Dec-2021 08:03) Posted:
RECEIPT OF NOTICE OF ARBITRATION
Sembcorp Marine Ltd (the ' Company' ) wishes to inform
that its wholly-owned subsidiary, Jurong Shipyard Pte Ltd (' JSPL' ) has received a notice of
commencement of four arbitrations from a vendor (the ' Vendor' ) under four separate
contracts for the supply of certain equipment for some of its projects.
JSPL maintains that the contracts for the supply of equipment were validly suspended or
terminated. Parties have been in discussions over the payment claims from the Vendor for
such suspension or termination, but have yet to reach an agreement. The Vendor has now
commenced arbitration proceedings making allegations of breach and for payment. The
amounts purportedly claimed are for invoices of approximately USD76 million plus other costs
and interests under the four contracts, all of which remain to be proved by the Vendor.
JSPL has engaged legal advisers for the four arbitrations proceedings and will defend all
claims made against it.
The Company will provide updates on material developments on this matter as appropriate.
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Haizz....I am numb already...
Looking at $78M....it is like a small sum compared to the overall loses....and past figures...Lol..
bystander1965 ( Date: 24-Dec-2021 07:23) Posted:
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RECEIPT OF NOTICE OF ARBITRATION
Sembcorp Marine Ltd (the ' Company' ) wishes to inform
that its wholly-owned subsidiary, Jurong Shipyard Pte Ltd (' JSPL' ) has received a notice of
commencement of four arbitrations from a vendor (the ' Vendor' ) under four separate
contracts for the supply of certain equipment for some of its projects.
JSPL maintains that the contracts for the supply of equipment were validly suspended or
terminated. Parties have been in discussions over the payment claims from the Vendor for
such suspension or termination, but have yet to reach an agreement. The Vendor has now
commenced arbitration proceedings making allegations of breach and for payment. The
amounts purportedly claimed are for invoices of approximately USD76 million plus other costs
and interests under the four contracts, all of which remain to be proved by the Vendor.
JSPL has engaged legal advisers for the four arbitrations proceedings and will defend all
claims made against it.
The Company will provide updates on material developments on this matter as appropriate.
屋 漏 偏 逢 连 夜 雨
https://links.sgx.com/1.0.0/corporate-announcements/F7H4ZUF6CB4Q4RUD/
db4aeb62ed6312ee2d248de544169a3389b40ad482348bce6b151fb6fd9df0a2
Haha... someone hopes Starhub being privatised or takeover by white knight lo
better ( Date: 23-Dec-2021 19:50) Posted:
What happened to Starhub? Why dropped 52% over last 5 years?
dcproperty ( Date: 23-Dec-2021 19:37) Posted:
Haha...that' s true.
At least SMM' s price is still holding.
How about all your favourable stocks Keppel, PropNex, Starhub???
All underwater leh.
Yes, yes, please continue to hold.
As what you mentioned before, good stocks can hold...
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What happened to Starhub? Why dropped 52% over last 5 years?
dcproperty ( Date: 23-Dec-2021 19:37) Posted:
Haha...that' s true.
At least SMM' s price is still holding.
How about all your favourable stocks Keppel, PropNex, Starhub???
All underwater leh.
Yes, yes, please continue to hold.
As what you mentioned before, good stocks can hold...
chart_expert123 ( Date: 23-Dec-2021 16:34) Posted:
" Jialat for scammers. After scamming to buy SMM with hundred to thousand postings, share price still around RI' s. lol..."
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Haha...that' s true.
At least SMM' s price is still holding.
How about all your favourable stocks Keppel, PropNex, Starhub???
All underwater leh.
Yes, yes, please continue to hold.
As what you mentioned before, good stocks can hold...
chart_expert123 ( Date: 23-Dec-2021 16:34) Posted:
" Jialat for scammers. After scamming to buy SMM with hundred to thousand postings, share price still around RI' s. lol..."
dcproperty ( Date: 23-Dec-2021 15:35) Posted:
Jialat for chart expert. After badmouthing SMM with 60 postings, share price still above RI' s. Still long way from his price target of $0.04 lol
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Singapore do not have any natural advantage on 5G (HuaWei), Semicon (TSMC) due to our small population base. In these industries, Singapore are just playing second fiddle or a supporting role to the leaders/ MNC.
For the marine/ ooffshore sector, SCM/ Keppel OM are truly global players with our thriving port bringing in steady supply of repair/ retrofit work.
In fact, the ports are keeping Singapore alive while the aviation sector is obliterated by Covid. And a strong offshore/marine sector is integral to Singapore' s desire to be a global shipping centre.
Are we going to be a champion in 5G, Autonomous driving tech or Semicon? Go figure.
chart_expert123 ( Date: 23-Dec-2021 16:59) Posted:
The hottest industry promoted by government now is digital, 5G network with autopilot, advance Semicon Fab, cybersecurity and etc. The 2 new industry districts to be built by JTC under gov is Jurong Innovation District and Punggol Digital District. Offices in Singapore vacanted by offshore marine MNC are taken over by Digital industry.
Every industry is important to Gov, but which industry is the one to pump in money for expansion is based on actual action rather than lips service.
Oxtail ( Date: 23-Dec-2021 13:44) Posted:
Confident that GOV and TH have intention in building marine sector.
If in doubt, do type " trade minister marine sector" in google search.
In there, you will find lots of news in GOV intentions. GOV invested and has plans in this sector. I do not even need to talk about TH commitment.
Even tho the above is true, we as investor, should look out for facts/signs if SCM is on the right track.
- Marine sector uptrend but can SCM get more contracts ? The latest contract win is a repeat order. Usually, if one is able to get repeat order, it means the client is satisfied with your service , your price or whatever. It also tells that the company is relevent to such industries. If SCM is relevent, I don' t see why SCM won' t prosper during market upturn.
- R& D money being dump into drain ? There is no guarantee in R& D. R& D with no result is like $$$ sucking into bottomless pit. GOV and TH are very ambitous. They love to R& D and they don' t mind pouring lots of $$$ into it. We, as a minority shareholders, are just being drag around. To minority shareholders, our bar is low. We just hope that SCM do not make a loss for this year and following year and we will be delighted. Back to R& D, It is comforting to know that they receive good results in their recent 3D printing. At least, we know that good $$$ is not being dump into the drain.
- SCM profitable in executing projects during COVID epedemic ? For this, we do not know. And have yet to see
As we invest, we need to look out for signs.
I appreciate forumers post news in this thread.
We need news, insider information to constantly watch out for signs.
Base on the above, make changes to our portfolio.
Yes. Price falling are demoralizing. All of us can see the price. But price are not everything.
Buy a stock the way you would buy a house. Understand and like it such that you&rsquo d be content to own it in the absence of any market
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The hottest industry promoted by government now is digital, 5G network with autopilot, advance Semicon Fab, cybersecurity and etc. The 2 new industry districts to be built by JTC under gov is Jurong Innovation District and Punggol Digital District. Offices in Singapore vacanted by offshore marine MNC are taken over by Digital industry.
Every industry is important to Gov, but which industry is the one to pump in money for expansion is based on actual action rather than lips service.
Oxtail ( Date: 23-Dec-2021 13:44) Posted:
Confident that GOV and TH have intention in building marine sector.
If in doubt, do type " trade minister marine sector" in google search.
In there, you will find lots of news in GOV intentions. GOV invested and has plans in this sector. I do not even need to talk about TH commitment.
Even tho the above is true, we as investor, should look out for facts/signs if SCM is on the right track.
- Marine sector uptrend but can SCM get more contracts ? The latest contract win is a repeat order. Usually, if one is able to get repeat order, it means the client is satisfied with your service , your price or whatever. It also tells that the company is relevent to such industries. If SCM is relevent, I don' t see why SCM won' t prosper during market upturn.
- R& D money being dump into drain ? There is no guarantee in R& D. R& D with no result is like $$$ sucking into bottomless pit. GOV and TH are very ambitous. They love to R& D and they don' t mind pouring lots of $$$ into it. We, as a minority shareholders, are just being drag around. To minority shareholders, our bar is low. We just hope that SCM do not make a loss for this year and following year and we will be delighted. Back to R& D, It is comforting to know that they receive good results in their recent 3D printing. At least, we know that good $$$ is not being dump into the drain.
- SCM profitable in executing projects during COVID epedemic ? For this, we do not know. And have yet to see
As we invest, we need to look out for signs.
I appreciate forumers post news in this thread.
We need news, insider information to constantly watch out for signs.
Base on the above, make changes to our portfolio.
Yes. Price falling are demoralizing. All of us can see the price. But price are not everything.
Buy a stock the way you would buy a house. Understand and like it such that you&rsquo d be content to own it in the absence of any market
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