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SEMBMARINE - A NEW CHAPTER - DEMERGED

almost three months have passed, still no indication of change of tide for SCM

SteveJobless      ( Date: 21-Mar-2022 17:41) Posted: Yes based on the last audited accounts obviously. In the unlikely event of profit this year, it won' t be enough to offest the cumulated losses. That is why the dividend payout, if any, is in Panadol. PHInsider63      ( Date: 21-Mar-2022 17:32) Posted: Bro that s balance sheet item.

 

Yes based on the last audited accounts obviously. In the unlikely event of profit this year, it won' t be enough to offest the cumulated losses. That is why the dividend payout, if any, is in Panadol.

PHInsider63      ( Date: 21-Mar-2022 17:32) Posted: Bro that s balance sheet item. SteveJobless      ( Date: 21-Mar-2022 17:26) Posted: $1.17 billion. Typo error earlie

 

Bro that s balance sheet item.

SteveJobless      ( Date: 21-Mar-2022 17:26) Posted: $1.17 billion. Typo error earlier SteveJobless      ( Date: 21-Mar-2022 17:25) Posted: Don' t forget there is a cumulative loss to-date at $.17 billion

 

$1.17 billion. Typo error earlier

SteveJobless      ( Date: 21-Mar-2022 17:25) Posted: Don' t forget there is a cumulative loss to-date at $.17 billion. PHInsider63      ( Date: 21-Mar-2022 16:29) Posted: Hmm. This year I am quietly confident SM should be profitable.

 

Don' t forget there is a cumulative loss to-date at $.17 billion.

PHInsider63      ( Date: 21-Mar-2022 16:29) Posted: Hmm. This year I am quietly confident SM should be profitable. weekaykee      ( Date: 21-Mar-2022 16:22) Posted: But SCM is still heading for a loss of $300m - $500m for 2022 and possibly 2023. By 2023, oil prices start heading down, and there goes the window of opportunity to grab some contracts even though they never seized it in the first place.

 

That will be about $960m losses this year.
This is the unlikeliest scenario.
They had stated (significantly better). Hence, they will need to issue a profit warning en route to next reporting.
With regards to this, I think we should know in the next quarterly business review.

ckmpd1      ( Date: 21-Mar-2022 16:41) Posted: I agree with you.  1Q FY2022 ends next week.  So far it seems that SCM continues to lose abt $80m to $100m a month.  Unless something drastically happens next few months, SCM is likely to end in the red for 2022 weekaykee      ( Date: 21-Mar-2022 16:22) Posted: But SCM is still heading for a loss of $300m - $500m for 2022 and possibly 2023. By 2023, oil prices start heading down, and there goes the window of opportunity to grab some contracts even though they never seized it in the first place.

 

I agree with you.  1Q FY2022 ends next week.  So far it seems that SCM continues to lose abt $80m to $100m a month.  Unless something drastically happens next few months, SCM is likely to end in the red for 2022

weekaykee      ( Date: 21-Mar-2022 16:22) Posted: But SCM is still heading for a loss of $300m - $500m for 2022 and possibly 2023. By 2023, oil prices start heading down, and there goes the window of opportunity to grab some contracts even though they never seized it in the first place.  PHInsider63      ( Date: 21-Mar-2022 15:57) Posted: I see. Their consistent deliveries of projects mean sales are converted into cash flow. Main 2022 costs had been front loaded in 2021. We shall see because with or without dividend may be secondary. I am more keen in capital gains. This year ought to be significantly better than 2021. This is an undeniable fact. 😊

 

Hmm.
This year I am quietly confident SM should be profitable.

weekaykee      ( Date: 21-Mar-2022 16:22) Posted: But SCM is still heading for a loss of $300m - $500m for 2022 and possibly 2023. By 2023, oil prices start heading down, and there goes the window of opportunity to grab some contracts even though they never seized it in the first place.  PHInsider63      ( Date: 21-Mar-2022 15:57) Posted: I see. Their consistent deliveries of projects mean sales are converted into cash flow. Main 2022 costs had been front loaded in 2021. We shall see because with or without dividend may be secondary. I am more keen in capital gains. This year ought to be significantly better than 2021. This is an undeniable fact. 😊

 

But SCM is still heading for a loss of $300m - $500m for 2022 and possibly 2023. By 2023, oil prices start heading down, and there goes the window of opportunity to grab some contracts even though they never seized it in the first place. 

PHInsider63      ( Date: 21-Mar-2022 15:57) Posted: I see. Their consistent deliveries of projects mean sales are converted into cash flow. Main 2022 costs had been front loaded in 2021. We shall see because with or without dividend may be secondary. I am more keen in capital gains. This year ought to be significantly better than 2021. This is an undeniable fact. 😊 SteveJobless      ( Date: 21-Mar-2022 15:47) Posted: SM cannot announce anything they do not have, even though some of the members here have been announcing things they " believe" SM shall be getting.

 

Their thread is deafening silent now. 

TigerPlay      ( Date: 21-Mar-2022 14:55) Posted: Is a good thing, the other group open their own thread, as they usually start quarrelling if your view is not the same as theirs, which I think is not right lor, to scold pp if they view thing differently from yours and u ask them for proof, where to get proof, sometime is only our view and thought, could be right, could be wrong lor

 

Yeah man. I am in the money now but I am confident this should take off soon. I may still be illusive about TERP at 0.124.
My personal target is still 0.124.
Remembering 2nd rights was issued at a big surprise. Honestly it was totally immoral to do so almost immediately after the first rights. The price was at 0.19 plus, hovering around this range. Investors were probably banking on the KOM deal then and that sudden halt, I think.
Management harping TERP at 0.124 if subscribed at 0.08.
So, they have to bring this back up to that TERP.
We shall see. It is really frustrating and the most patient investor, even Better, I am sure is not at all satisfied with the management. But again, 2020/21 was an unprecedented era with systemic problems.
Only bright spot is Temasek is backing this. They are not running a charity for sure but this fact has another implication, the other side of coin is Temasek may not let KOM have a rolling ride during the merger negotiation.

SteveJobless      ( Date: 21-Mar-2022 16:06) Posted: Provisions may not be adequate, because they are made in the most conservative aspects. You said you have bought SM shares mostly at the low end of 8 cents. Based on the current SM price, you are not in bad shape  PHInsider63      ( Date: 21-Mar-2022 15:57) Posted: I see. Their consistent deliveries of projects mean sales are converted into cash flow. Main 2022 costs had been front loaded in 2021. We shall see because with or without dividend may be secondary. I am more keen in capital gains. This year ought to be significantly better than 2021. This is an undeniable fact. 😊

 

Provisions may not be adequate, because they are made in the most conservative aspects. You said you have bought SM shares mostly at the low end of 8 cents. Based on the current SM price, you are not in bad shape 

PHInsider63      ( Date: 21-Mar-2022 15:57) Posted: I see. Their consistent deliveries of projects mean sales are converted into cash flow. Main 2022 costs had been front loaded in 2021. We shall see because with or without dividend may be secondary. I am more keen in capital gains. This year ought to be significantly better than 2021. This is an undeniable fact. 😊 SteveJobless      ( Date: 21-Mar-2022 15:47) Posted: SM cannot announce anything they do not have, even though some of the members here have been announcing things they " believe" SM shall be getting.

 

Yes. a public listed cant announce something that is not factual or something it does not have.  Otherwise its mgmt may be charged for commiting a crime

SteveJobless      ( Date: 21-Mar-2022 15:47) Posted: SM cannot announce anything they do not have, even though some of the members here have been announcing things they " believe" SM shall be getting.  PHInsider63      ( Date: 21-Mar-2022 15:42) Posted: The naive person is actually me. It is never definite. I posted ?May even? declare a small dividend. In life, I believe there are always surprises, negative or positive. We will see. The only issue is SM is not announcing any major contract clinch. This is honestly very frustrating

 

I see.
Their consistent deliveries of projects mean sales are converted into cash flow. Main 2022 costs had been front loaded in 2021.
We shall see because with or without dividend may be secondary.
I am more keen in capital gains.
This year ought to be significantly better than 2021. This is an undeniable fact. 😊

SteveJobless      ( Date: 21-Mar-2022 15:47) Posted: SM cannot announce anything they do not have, even though some of the members here have been announcing things they " believe" SM shall be getting.  PHInsider63      ( Date: 21-Mar-2022 15:42) Posted: The naive person is actually me. It is never definite. I posted ?May even? declare a small dividend. In life, I believe there are always surprises, negative or positive. We will see. The only issue is SM is not announcing any major contract clinch. This is honestly very frustrating

 

ohh...

PHInsider63      ( Date: 21-Mar-2022 15:42) Posted: The naive person is actually me. It is never definite. I posted ?May even? declare a small dividend. In life, I believe there are always surprises, negative or positive. We will see. The only issue is SM is not announcing any major contract clinch. This is honestly very frustrating. ckmpd1      ( Date: 21-Mar-2022 15:29) Posted: Yes.  such postings show that some people are financially naiv

 

SM cannot announce anything they do not have, even though some of the members here have been announcing things they " believe" SM shall be getting. 

PHInsider63      ( Date: 21-Mar-2022 15:42) Posted: The naive person is actually me. It is never definite. I posted ?May even? declare a small dividend. In life, I believe there are always surprises, negative or positive. We will see. The only issue is SM is not announcing any major contract clinch. This is honestly very frustrating. ckmpd1      ( Date: 21-Mar-2022 15:29) Posted: Yes.  such postings show that some people are financially naiv

 

The naive person is actually me.
It is never definite. I posted ?May even? declare a small dividend.
In life, I believe there are always surprises, negative or positive.
We will see.

The only issue is SM is not announcing any major contract clinch. This is honestly very frustrating.

ckmpd1      ( Date: 21-Mar-2022 15:29) Posted: Yes.  such postings show that some people are financially naive SteveJobless      ( Date: 21-Mar-2022 15:23) Posted: Some in the forum thinks SM will be paying out dividend soon. I think the dividend payout, if any, shall be in the form of Panadol. Some thinks TH will be a life saver to SM' s shareholders if TH delist SM. Yes, perhaps TH may be providing life saving face masks to SM' s shareholders.

 

It saddens me to have noticed that your breakeven is at 13 cents. It is a tall order, particularly when the TERP is 13 cents and it wasn' t. What does that tells you. Remember I said it is undercurrent that kills? 

Chagataii      ( Date: 21-Mar-2022 15:29) Posted: If TH really hand out Panadol and face mask 😷 I face devastation in SM trade 😞

 

Chagataii      ( Date: 21-Mar-2022 15:26) Posted: Lol stevejobless I cannot tahan burst out laughing you have a very eloquent way in expressing lol 😂 hope not la I think may salvage this wreck

 

Yes.  such postings show that some people are financially naive

SteveJobless      ( Date: 21-Mar-2022 15:23) Posted: Some in the forum thinks SM will be paying out dividend soon. I think the dividend payout, if any, shall be in the form of Panadol. Some thinks TH will be a life saver to SM' s shareholders if TH delist SM. Yes, perhaps TH may be providing life saving face masks to SM' s shareholders.    PHInsider63      ( Date: 21-Mar-2022 13:00) Posted: Hmm. It depends on individuals. Many times, when I have headache, and after covid shot, developed fever, after taking Panadol, the pain of fever fully recovered or subsided. Well. I guess it depends on individuals and also the entry price. Like I shared earlier, this panacea, be it Panadol or Ponstan, is definitely The elixir potion to me. I am lucky to be in the money. Hope the price continues its northwards.