ShareJunction - Stock Forum Messages

Seatrium Last:0.091 -

Sembmarine

Important price level, main support level 0.50 to 0.51
This should be the reversal to uptrend from here. Elliot Wave 3 . That?s what we need - a big power move.

Added in some more at 0.51. Good luck and god bless !

chanbs ( Date: 19-Jun-2020 15:48) Posted:

50-50.5 see if start reversal from here
still massive shorts

SgYuan ( Date: 19-Jun-2020 13:18) Posted:

day chart

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

50-50.5 see if start reversal from here
still massive shorts

SgYuan ( Date: 19-Jun-2020 13:18) Posted:

day chart

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

I vested quite alot with average price of > $1.
prolly lost ~70% with the current price now.
For me, a straight forward action, will vote against right issue with current price of 51 cents.

uiop1223 ( Date: 19-Jun-2020 11:06) Posted:

Then SMM has liquidity issues which need life saving from temasek. Maybe mcb kicks in? 😏 SMM is now a distressed company and can easily become penny stock or another krisenergy.

In any case, SMM is goner. Dump while u can. U can buy cheaper later if u wanna bet on merger which will not in 2020.. not 1H2021?

Not vested now.

jiajoon90 ( Date: 19-Jun-2020 07:56) Posted:

what if the right issue is not able to go through?

Happy.. Everyday just leave your shorts there and take money.. Going belong 5 soon

U think CEO is aligned with minority shareholders most of the time? Board also side with major shareholders and in sg, theres this invisible hand right? T hand? 😂

U think WONG WENG SUN gives a shit to what happen to retail investors?

Look at SIA mtgm. Recommend shareholders to take up rights and mcb but they never walk the talk

arctician1982 ( Date: 19-Jun-2020 10:38) Posted:

i thought its SCM CEO which propose this to SCI? i think they want to write off the $1.5B debt. The risk of buying more SCM share now is if resolution passed, one may need to come up with even more money for rights issue

jlong0005 ( Date: 19-Jun-2020 09:44) Posted:

Just don' t understand how could the Chairman and CEO of SCI suck the blood of the SCM minority shareholders. Maybe, the ang moh chairman is stepping down, so have a good golden handshake with the options he has with SCI. This is the most stupidest deal, only benefitting the SCI shareholders and pushing the SCM shareholders to the chopping board.

the swf just request the other SSH to accumulate more shares and vote in favour of demerger

the tiny retail investors of few % cannot do much

arctician1982 ( Date: 19-Jun-2020 10:38) Posted:

i thought its SCM CEO which propose this to SCI? i think they want to write off the $1.5B debt. The risk of buying more SCM share now is if resolution passed, one may need to come up with even more money for rights issue

jlong0005 ( Date: 19-Jun-2020 09:44) Posted:

Just don' t understand how could the Chairman and CEO of SCI suck the blood of the SCM minority shareholders. Maybe, the ang moh chairman is stepping down, so have a good golden handshake with the options he has with SCI. This is the most stupidest deal, only benefitting the SCI shareholders and pushing the SCM shareholders to the chopping board.

Then SMM has liquidity issues which need life saving from temasek. Maybe mcb kicks in? 😏 SMM is now a distressed company and can easily become penny stock or another krisenergy.

In any case, SMM is goner. Dump while u can. U can buy cheaper later if u wanna bet on merger which will not in 2020.. not 1H2021?

Not vested now.

jiajoon90 ( Date: 19-Jun-2020 07:56) Posted:

what if the right issue is not able to go through?

i thought its SCM CEO which propose this to SCI? i think they want to write off the $1.5B debt. The risk of buying more SCM share now is if resolution passed, one may need to come up with even more money for rights issue

jlong0005 ( Date: 19-Jun-2020 09:44) Posted:

Just don' t understand how could the Chairman and CEO of SCI suck the blood of the SCM minority shareholders. Maybe, the ang moh chairman is stepping down, so have a good golden handshake with the options he has with SCI. This is the most stupidest deal, only benefitting the SCI shareholders and pushing the SCM shareholders to the chopping board.

Member, have you accumulated more shares over the weeks so that you will veto the resolutions ?

Waiting

spore1 ( Date: 18-Jun-2020 22:12) Posted:

I think heading below 50 soon

what if the right issue is not able to go through?

Then u need to buy another 250 lots to prevent dilution. Meanwhile, keppel still waiting clearance. Maybe another 1yr. Many ?ifs?. End up SMM become penny stock

Francisgohyc ( Date: 19-Jun-2020 07:41) Posted:

Yes agree with your stand point, Keppel O&M and SMM will merge at the end of the day Yesterday I have bought 50 lot at 52cents (resistance level), hope it is the bottom price Huat for those vested

Daxtheman ( Date: 18-Jun-2020 22:09) Posted:

Doji Candlestick formed Today after downtrend.
Got chance for reversal up from the recent heavy downtrend.

Worth trying as before 1 for 5 shares announcement, there was a rally before the halt and price was at $0.85.

If it follows what happen to SIA (similar scenario as backing is Temasek), Ex rights price should open around $0.30.

Hence, if you buy the shares tomorrow at $0.52 And intend to subscribe to the 5 rights at $0.20. Your average per share will be $1.52/6 = $0.253. You could Likely make a profit of $0.50/share.

Furthermore, there is good chance that Temasek is trying to merge Keppel O&M and Sembcorp Marine in future and this will be the best time for them to do so by getting over 50% voting shares. Hence, I believe that they would need to buy up.

Good luck, this is my theory and I do believe it that this is an opportunity for those who understands what the grand plans are and what is needed to make it happen.

Yes agree with your stand point, Keppel O&M and SMM will merge at the end of the day Yesterday I have bought 50 lot at 52cents (resistance level), hope it is the bottom price Huat for those vested

Daxtheman ( Date: 18-Jun-2020 22:09) Posted:

Doji Candlestick formed Today after downtrend.
Got chance for reversal up from the recent heavy downtrend.

Worth trying as before 1 for 5 shares announcement, there was a rally before the halt and price was at $0.85.

If it follows what happen to SIA (similar scenario as backing is Temasek), Ex rights price should open around $0.30.

Hence, if you buy the shares tomorrow at $0.52 And intend to subscribe to the 5 rights at $0.20. Your average per share will be $1.52/6 = $0.253. You could Likely make a profit of $0.50/share.

Furthermore, there is good chance that Temasek is trying to merge Keppel O&M and Sembcorp Marine in future and this will be the best time for them to do so by getting over 50% voting shares. Hence, I believe that they would need to buy up.

Good luck, this is my theory and I do believe it that this is an opportunity for those who understands what the grand plans are and what is needed to make it happen.

https://www.drwealth.com/how-sia-shareholders-walked-away-from-37-million-worth-of-free-money/

SIA rights.

This could be similar scenario for Sembcorp.
Remember , if you do not want to subscribe, sell your rights off when it is trading.

Then how much will be SCI. Don' t forget SCI contains about 40% from SMM.

spore1 ( Date: 18-Jun-2020 22:12) Posted:

I think heading below 50 soon

sci how?

spore1 ( Date: 18-Jun-2020 22:12) Posted:

I think heading below 50 soon

Login Register

Sembmarine