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I think heading below 50 soon
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.
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 $0.50/share.
Furthermore, there is good chance that Temasek is trying to merge Keppel O&M and Sembcorp Marine in future and this will be the best time for them to do so by getting over 50% voting shares. Hence, I believe that they would need to buy up.
Good luck, this is my theory and I do believe it that this is an opportunity for those who understands what the grand plans are and what is needed to make it happen.
Not interested at all, to trade this counter is waste of time and money no movement at all.
I am bearish on this. I dare not touch semb corp Ind until this one reach bottom. Look at cse global. Also down despite much better fundamentals. If oil correct, this one down again. You can study ezion, Ezra etc chart. Not saying will uplorry but can see around when can rebound.
I mean sell to cut losses :(
Should we sell now?
I wont be surprise if oil is extreme bullish at 75$,, this one could even reach beyond 80c to a dollar..
OIC,, u means go down to 50c.. possible though.. i though tg 50c.
cheongweevictor ( Date: 18-Jun-2020 16:40) Posted:
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This one gg for 70c.. oil is heading up to 42$ then 45$... i think by time right issue oil will be 65$
HB8289 ( Date: 18-Jun-2020 14:41) Posted:
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Look like 50cts reachable
Timeline
Shareholder approvals are needed for the proposed transactions to go through.
The following is an indicative timeline of the whole process:
After receiving the necessary approvals, the deal is expected to be completed in the fourth quarter of 2020.
https://youtu.be/DecIuEe0Tsg
power...will it be up up 545 55
22investments ( Date: 17-Jun-2020 14:44) Posted:
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What is the SCI share price if SMM share price below $0.50?
gravity8888 ( Date: 17-Jun-2020 10:29) Posted:
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.....
22investments ( Date: 17-Jun-2020 10:33) Posted:
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I am waiting le....
Back to 4 series...
Maybe below 50 is possible.. Hee
50 cts coming
True market is not set yet. However SCI have already committed to 1.5bn sgd shares with the remaining 600m sgd underwritten by temesak.
There are currently 2.09bn open shares, and with a 5-1 rights issue they are planning on issuing 10.45bn new shares.
By my math 10.45bn new shares that cost 2.1bn sgd equates to 0.2 per share.
The only question that remains in my mind is what will the date of record be.
TheDuellist ( Date: 16-Jun-2020 12:35) Posted:
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