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Sembmarine

I think it all begins with a naming problem.... sounds too much like Submarine :)

msksmsks      ( Date: 16-Jun-2020 07:56) Posted: There isn't much choice for SMM shareholders fm biz perspective. 1) SMM had been losing $$$ and high burn rate. The industry is facing tough times and no visibility ahead. 2) Raising fund to keep afloat is inevitable only a matter of right issues or corp debt restructuring if it's not sold. 3) Even there.is a.buyer , there wont be much premium of offer considering the co is making losses. . 4) With TH as backer, perhaps its a blessing in disguuse down the road. It culd be restructured thru merger with KC becz of synergy fm both. Juz my humble opinions. Cheers

 

It is not true you can sell your rights at 0.2 a piece.

0.2 is the exercise price that you have to pay in order to subscribe per piece. 

Market is not set for the value of the Rights yet.

Thewiseone      ( Date: 16-Jun-2020 11:55) Posted: You only have to pay if you intend to buy the rights for the shares to defend your current position and share of the company. The rights are renouncable mensing you can sell them at 0.2 per share. If you currently have a position with 10,000 shares you are entitles to 50,000 rights. If you chose to see them you would get back 10k. For sure the value of your existing 10,000 shares would be greatly reduced but depending on your average held position price you could still be in profit. Even if value of the existing shares drops to say 0.2 also ex rights that is still another 2k bringing total proceeds to 12k. If your average position is at more than 1.2 per share yes you lose money but otherwise seems like the best of a bad situation. Djsoul80      ( Date: 16-Jun-2020 07:14) Posted: Now that Ive read more about the rights issue.. The more I think SCM shareholders will vote against the resolutions. First it's making the share price plunged and also they will need to folk out much more money to subscribe to the rights.. It's 5 for 1. That's still alot of money to come up with especially with substantial positions.

 

nice analogy about the rights issues. 
Anyway, I hope that when oil price recover in future, SCM will become profitable, and share price will rise from low bottom 

Thewiseone      ( Date: 16-Jun-2020 11:55) Posted: You only have to pay if you intend to buy the rights for the shares to defend your current position and share of the company. The rights are renouncable mensing you can sell them at 0.2 per share. If you currently have a position with 10,000 shares you are entitles to 50,000 rights. If you chose to see them you would get back 10k. For sure the value of your existing 10,000 shares would be greatly reduced but depending on your average held position price you could still be in profit. Even if value of the existing shares drops to say 0.2 also ex rights that is still another 2k bringing total proceeds to 12k. If your average position is at more than 1.2 per share yes you lose money but otherwise seems like the best of a bad situation. Djsoul80      ( Date: 16-Jun-2020 07:14) Posted: Now that Ive read more about the rights issue.. The more I think SCM shareholders will vote against the resolutions. First it's making the share price plunged and also they will need to folk out much more money to subscribe to the rights.. It's 5 for 1. That's still alot of money to come up with especially with substantial positions.

 

You only have to pay if you intend to buy the rights for the shares to defend your current position and share of the company. The rights are renouncable mensing you can sell them at 0.2 per share. If you currently have a position with 10,000 shares you are entitles to 50,000 rights. If you chose to see them you would get back 10k. For sure the value of your existing 10,000 shares would be greatly reduced but depending on your average held position price you could still be in profit. Even if value of the existing shares drops to say 0.2 also ex rights that is still another 2k bringing total proceeds to 12k. If your average position is at more than 1.2 per share yes you lose money but otherwise seems like the best of a bad situation.

Djsoul80      ( Date: 16-Jun-2020 07:14) Posted: Now that Ive read more about the rights issue.. The more I think SCM shareholders will vote against the resolutions. First it's making the share price plunged and also they will need to folk out much more money to subscribe to the rights.. It's 5 for 1. That's still alot of money to come up with especially with substantial positions. TA_Expert      ( Date: 16-Jun-2020 02:09) Posted: Precisely, veto the resolutions

 

it seems that when SCI rise, SCM will rise also

 

Comparing to yesterday, the share price is still an uptrend.. What you talking about? Maybe you need an eye check? Lolz

gravity8888      ( Date: 16-Jun-2020 11:23) Posted: Going down looool

 

Going down looool

 

This one still doing strong.. Good.. Keep it that way.. It does good to SCI as well as SCI will get distributed with SCM.

 

yeah, SMM is on the rise

 

There isn't much choice for SMM shareholders fm biz perspective.

1) SMM had been losing $$$ and high burn rate. The industry is facing tough times and no visibility ahead.

2) Raising fund to keep afloat is inevitable only a matter of right issues or corp debt restructuring if it's not sold.

3) Even there.is a.buyer , there wont be much premium of offer considering the co is making losses. .

4) With TH as backer, perhaps its a blessing in disguuse down the road. It culd be restructured thru merger with KC becz of synergy fm both.

Juz my humble opinions.

Cheers

 

(for purpose of discussion only)

I think it will just the opposite.

If we rewind back on the 9th June, after all the proposals were made clear, SCI ran very high whereas SCM gapped down upon opening.

So, if the situation is reset, ie: treat the proposal as if it has never happened, it will be the opposite. SCI will go down, SCM will rise, albeit a little.

But the next few weeks, I gather SCI will still have a lot of room to rise, and the %gap between SCI and SCM will increase.

So, the question on everyones mind is, what will be the level of SCI and SCM day before the all-important EGM? Watch the market closely, at this juncture no one knows the answer.

LongNobley      ( Date: 16-Jun-2020 07:34) Posted: Thing is. This resolution has been announced. If they veto, share price will still tank Djsoul80      ( Date: 16-Jun-2020 07:14) Posted: Now that Ive read more about the rights issue.. The more I think SCM shareholders will vote against the resolutions. First it's making the share price plunged and also they will need to folk out much more money to subscribe to the rights.. It's 5 for 1. That's still alot of money to come up with especially with substantial positions.

 

Thing is. This resolution has been announced. If they veto, share price will still tank

Djsoul80      ( Date: 16-Jun-2020 07:14) Posted: Now that Ive read more about the rights issue.. The more I think SCM shareholders will vote against the resolutions. First it's making the share price plunged and also they will need to folk out much more money to subscribe to the rights.. It's 5 for 1. That's still alot of money to come up with especially with substantial positions. TA_Expert      ( Date: 16-Jun-2020 02:09) Posted: Precisely, veto the resolutions

 

Now that Ive read more about the rights issue.. The more I think SCM shareholders will vote against the resolutions. First it's making the share price plunged and also they will need to folk out much more money to subscribe to the rights.. It's 5 for 1. That's still alot of money to come up with especially with substantial positions.

TA_Expert      ( Date: 16-Jun-2020 02:09) Posted: Precisely, veto the resolutions. Elf2000      ( Date: 16-Jun-2020 01:59) Posted: This rights issue remind me many years back... Chartered Semiconductor, From the very high flying share price blue chip became a penny stock counter! and then came out a rights issue offer by Big boy and then eventually sold to GlobalFoundries... that time many shareholders' hands got burn! am also one of them. Lesson learnt never any how invest blindly especially on rights issue counter😎

 

Precisely, veto the resolutions.

Elf2000      ( Date: 16-Jun-2020 01:59) Posted: This rights issue remind me many years back... Chartered Semiconductor, From the very high flying share price blue chip became a penny stock counter! and then came out a rights issue offer by Big boy and then eventually sold to GlobalFoundries... that time many shareholders' hands got burn! am also one of them. Lesson learnt never any how invest blindly especially on rights issue counter😎

 

This rights issue remind me many years back... Chartered Semiconductor, From the very high flying share price blue chip became a penny stock counter! and then came out a rights issue offer by Big boy and then eventually sold to GlobalFoundries... that time many shareholders' hands got burn! am also one of them. Lesson learnt never any how invest blindly especially on rights issue counter😎

 

Thanks for the advice

uiop1223      ( Date: 15-Jun-2020 21:08) Posted: Dont suggest naked short. Too risky. Maybe a rumour of offer will not go through will cause price to spike up on the day itself. A junk stock will not always go down daily.. be careful. Due_Dilligence      ( Date: 15-Jun-2020 20:41) Posted: I find the de-merger and potential dilution due to the rights offer as negative on the share price of Semcorp Marine. I also feel that this company is facing tough times and may not survive. I am thinking of placing naked shorts daily. I am asking for opinions here whether my thinking is reasonable. Thanks.

 

Payback time..... yes, let the SMM shareholders all die. 

There are other ways to restructure corporate debts. 

 

arctician1982      ( Date: 15-Jun-2020 20:00) Posted: to be fair SCM have been leveraging on SCI for very long, now its payback time. If no $1.5B loan from SCI, SCM will have file for insolvency already. TA_Expert      ( Date: 15-Jun-2020 13:22) Posted: Veto the resolutions. Making the shareholders of SCI rich at the expense of SMM shareholders is a no no.

 

Dont suggest naked short. Too risky. Maybe a rumour of offer will not go through will cause price to spike up on the day itself. A junk stock will not always go down daily.. be careful.

Due_Dilligence      ( Date: 15-Jun-2020 20:41) Posted: I find the de-merger and potential dilution due to the rights offer as negative on the share price of Semcorp Marine. I also feel that this company is facing tough times and may not survive. I am thinking of placing naked shorts daily. I am asking for opinions here whether my thinking is reasonable. Thanks.

 

I find the de-merger and potential dilution due to the rights offer as negative on the share price of Semcorp Marine. I also feel that this company is facing tough times and may not survive. I am thinking of placing naked shorts daily. I am asking for opinions here whether my thinking is reasonable. Thanks.

 

to be fair SCM have been leveraging on SCI for very long, now its payback time. If no $1.5B loan from SCI, SCM will have file for insolvency already.

TA_Expert      ( Date: 15-Jun-2020 13:22) Posted: Veto the resolutions. Making the shareholders of SCI rich at the expense of SMM shareholders is a no no.