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Sembmarine_Green is the new gold_a better future

Powderful lah! Don?t play play! 👍 🏻 😎

better      ( Date: 07-Apr-2022 22:52) Posted: Today' s AGM clarification is an attempt to lay all SCM ' s competitive advantages in the open.  The piece is likely written by Temasek' s negotiator to put down KC' s snake oil salesman Loh Chin Hua, who is obviously bargaining for a better exchange ratio and more cash.       First, it is mentioned that renewable constituted 30% of total revenue in 2021 and 43% of group net order book. In today' s environment, the greener the higher the perceived value of the entity.       Second, they listed some of SCM' s trophy projects.  Hornsea 2 and Sofia Offshore windfarm platforms that SCM are constructing are much bigger and more technologically advanced than those done by KOM.       Third, Shell Whale FPU is a trophy project that ONLY SCM can complete because of Its gaint Goliath Crane.  Also, appointed by an oil major for a start to finish FPU project is a trophy " main contractor" type of job. All KOM projects are subcontractor type of jobs. For example, Exxon engage SBM offshore (main contractor) to build a FPSO who then use KOM as a subcontractor to do part of project (topside integration).       Fourth, with SCM' s 100% owned LMG Marin (leading nautical architect in the world), SCM is able to execute an design and construction (start to finish) type job for all specialised marine vessel. That&rsquo s also the reason they can win the contract for the NapAnt Antarctic support vessel, another trophy project that build on LMG Marin&rsquo s expertise in designing the award winning Polar expedition cruise ship in 2020.     Fifth, previously KOM was able to boost that they are constructing a Jones Act WTIV. Now, SCM is saying that we are building a bigger and more technological advanced WTIV than KOM for Maersk (the equivalent of an oil major in the offshore support industry. Not all clients are created equal).   Sixth, SCM is boosting that they are likely to secure the Dorado FPSO contract, another trophy start to finish, main contractor type job.   Seventh, SCM have secured/ purchased a lot more green technology retrofit solutions while KOM has likely stopped investment in these areas as they are about to be sold or discarded. Why would KC throw more cash into something they are going to sell soon?   Eight, SCM&rsquo s repair unit is the world leader in the repair and upgrade of LNG carriers (a lot more biz coming given the Ukraine situation) and cruise vessels (a lot more biz coming as the cruise industry is definitely making a strong come back this year)     I could not have written a better piece if I am Temasek appointed negotiator whom I am sure is also following this forum. better      ( Date: 07-Apr-2022 19:21) Posted: Today' s AGM clarification is likely more related to the merger negotiation than answering AGM questions. I would explain the implications later. Effectively, it has always been an acquisition. However, to give " respect" to the acquired entity if it is sizable, the corporate world usually call it merger

 

Today' s AGM clarification is an attempt to lay all SCM ' s competitive advantages in the open.  The piece is likely written by Temasek' s negotiator to put down KC' s snake oil salesman Loh Chin Hua, who is obviously bargaining for a better exchange ratio and more cash.
 
 
 
First, it is mentioned that renewable constituted 30% of total revenue in 2021 and 43% of group net order book. In today' s environment, the greener the higher the perceived value of the entity.
 
 
 
Second, they listed some of SCM' s trophy projects.  Hornsea 2 and Sofia Offshore windfarm platforms that SCM are constructing are much bigger and more technologically advanced than those done by KOM.
 
 
 
Third, Shell Whale FPU is a trophy project that ONLY SCM can complete because of Its gaint Goliath Crane.  Also, appointed by an oil major for a start to finish FPU project is a trophy " main contractor" type of job. All KOM projects are subcontractor type of jobs. For example, Exxon engage SBM offshore (main contractor) to build a FPSO who then use KOM as a subcontractor to do part of project (topside integration).
 
 
 
Fourth, with SCM' s 100% owned LMG Marin (leading nautical architect in the world), SCM is able to execute an design and construction (start to finish) type job for all specialised marine vessel. That&rsquo s also the reason they can win the contract for the NapAnt Antarctic support vessel, another trophy project that build on LMG Marin&rsquo s expertise in designing the award winning Polar expedition cruise ship in 2020.
 
 
Fifth, previously KOM was able to boost that they are constructing a Jones Act WTIV. Now, SCM is saying that we are building a bigger and more technological advanced WTIV than KOM for Maersk (the equivalent of an oil major in the offshore support industry. Not all clients are created equal).
 
Sixth, SCM is boosting that they are likely to secure the Dorado FPSO contract, another trophy start to finish, main contractor type job.
 
Seventh, SCM have secured/ purchased a lot more green technology retrofit solutions while KOM has likely stopped investment in these areas as they are about to be sold or discarded. Why would KC throw more cash into something they are going to sell soon?
 
Eight, SCM&rsquo s repair unit is the world leader in the repair and upgrade of LNG carriers (a lot more biz coming given the Ukraine situation) and cruise vessels (a lot more biz coming as the cruise industry is definitely making a strong come back this year)
 
 
I could not have written a better piece if I am Temasek appointed negotiator whom I am sure is also following this forum.

better      ( Date: 07-Apr-2022 19:21) Posted: Today' s AGM clarification is likely more related to the merger negotiation than answering AGM questions. I would explain the implications later. Effectively, it has always been an acquisition. However, to give " respect" to the acquired entity if it is sizable, the corporate world usually call it merger. LawRenceW      ( Date: 07-Apr-2022 18:58) Posted: Very positive outlook for SembMarine!   Some key projects under execution by the Group include: 1. Offshore hook-up and commissioning works for two substation topsides for  Ø rsted' s 1.4GW Hornsea 2 Offshore Wind Farm 2. Design, construction, installation and commissioning of the offshore converter  platform for RWE Renewables' Sofia Offshore Wind Farm 3. Construction and integration of hull, topsides and living quarters for the newbuild  semi-submersible Floating Production Unit (" FPU" )  contracted by Shell for the  Whale development project and 4. Design and construction of the remaining two battery-powered Ropax ferries for  Norled  Going forward, a key priority is to replenish    the Group& rsquo s    order book. The Group is committed to actively convert its pipeline of orders into firm contracts on a timely basis.  At end March 2022, Sembcorp Marine secured a contract from Maersk Supply Service for the construction of a Wind Turbine Installation Vessel    ("   WTIV"   ) in full    compliance to Jones Act. Based on the Group' s in-house design in collaboration with the customer, the WTIV is capable of operating at a high level of efficiency and to handle the next generation of larger wind turbines.  The Group has commenced work on the Front-end Engineering Design contract awarded by Altera in September 2021 for the development of a Floating Production Storage and Offloading    (" FPSO" )    facility for the Dorado FPSO project. The Group hopes to secure the engineering, procurement and construction contract for this project. Negotiations are also in progress with the Brazilian Navy on the construction of the  Antarctic Support Vessel &ldquo NapAnt&rdquo , which is part of the Brazil Navy Research Vessel  Project, with a contract award expected in the first half of 2022. The Group continues to actively pursue multiple projects and tender opportunities in the Renewable Energy and Gas Solutions segment, as well as the Process Solutions segment, including projects relating FPSO vessels, Floating Storage Offloading vessels and FPUs. The Group&rsquo s Repairs & Upgrades business has  also secured advanced orders for the repair and upgrade of LNG carriers and cruise vessels. The Group is also working on active enquiries for offshore vessels upgrading projects. In addition, the Group has continued to secure green technology retrofit solutions, including projects relating to ballast water management system and scrubber installations, and identified opportunities in sustainable repairs and upgrading, such as air lubrication systems and ammonia-based fuel solutions. Underpinned by its operational and technology bench strengths, the Group is well- placed to support the global energy needs, premised on a low-carbon footprint with a balanced portfolio across offshore, marine and energy product solutions. The Group will continue to further diversify its business portfolio and extend into new areas of renewable energy, electrification, gas value chain, ocean living, as well as carbon capture and storage solutions.

 

Bro, your sense of envy overruled your supposedly high level of maturity. You are overstressed. Can I buy you a massage at BODY TALK. But get caught by police, don't quote me hor. Just trying to be very nice and pleasant

weekaykee      ( Date: 07-Apr-2022 16:48) Posted: Most of the naysayers are holding SCI and they are focused in that thread celebrating SCI' s continuous rise. SCI has gone up 44% this year alone after having almost doubled in the previous year. Best STI performer in the past 2 years. A very big feat bearing in mind it  is a $2+ stock and not 8 cts. They will be last ones to be sour grapes about SCM' s measly gains after losing 95% of its value over the past few years. Coyote66      ( Date: 07-Apr-2022 16:16) Posted: I am sure the naysayers will come back again when SCM price drop. But see how long they are do this before they realised that it is just undergoing some corrections before it surge again. Tide wait for no man. They can only see our flight flies off and we waving them goodbye from the plane

 

Obviously, people didn&rsquo t read Keppel&rsquo s report attached.

 

If this is not uptrend, may I know what is?
Yes what s the point of history?

 

Yes stock is forward looking, keep digging at the stock past history is totally rubbish talk acting to be knowledgeable.

newbie19      ( Date: 07-Apr-2022 17:06) Posted: I would like to weigh the present SCI and between new and old generations.. For those old generations who bought at a very high price, above 60c to more than $3.. curse and swear this SCM. Especially after the 2nd right issues...Caught many of them off guard, including me... I sold all my SCM shares and lost $10K++.. For those new generations who bought 8c to 10c.... SCM is like a jewel to them... IF i had bought again at 8.5c, of cos i would like forunners here to boost everyone moral here...and happy too... and get agitated if bombarded left and right...tiok bo... So just use a little brain before writting so that whether is positive or negative, it`s ok but don`t curse,provoke or condemn each other ...tiok bo..   weekaykee      ( Date: 07-Apr-2022 16:48) Posted: Most of the naysayers are holding SCI and they are focused in that thread celebrating SCI' s continuous rise. SCI has gone up 44% this year alone after having almost doubled in the previous year. Best STI performer in the past 2 years. A very big feat bearing in mind it  is a $2+ stock and not 8 cts. They will be last ones to be sour grapes about SCM' s measly gains after losing 95% of its value over the past few years

 

For 1) Keppel SH will get shares for the combined entity lah as TH already list both need to be parallel and inter-conditional, I believed Keppel SH will not be given the bigger pipe of the combined entity. As I also hold Keppel, I' m happy for the merge as Keppel will get at least 3B cash after KOM demerge and also with some free shares in the combined entity, but some greedy Keppel holders still expect to be given a bigger pie on the combined entity. 

Maybe ask Better to analyze.

dcproperty      ( Date: 07-Apr-2022 19:29) Posted: Yes, I posted this few days ago. This would be the case. My interpreting, based on Keppel Annual report 2021, Page 48 as below:- 1) To combine KOM and SM into one entity. 2) To set up another separate asset co. 3) Parallel and inter-conditional   Further explanation:- 1) To combine KOM and SM into one entity. Since KOM is not a listed company, It shall be given $500m, as suggested by those previous reports. And all the KOM contracts, assets that are not classified as legacy, completed and uncompleted rigs and associated receivables, are to be merged into SM. That means SM' s balance sheet, NAV and contract value would be increased significantly. No new shares will be added. 2) To set up another separate asset co. Under this asset co, it has nothing to do with SM. It is purely between Keppel and Temasek (Kyanite). And it is selling to external party 3) Parallel and inter-conditional Under " Memorandums of Understanding (MOUs)" , the item (1) and (2) have to be bound together. Which means, if they have a problem with the external investor on (2), the merging on (1) will not move. Likewise, if they have issues in merging KOM into SM, part (1), item (2) will not go again. In short, we can say that it is a merging or acquisition for item (1). And Keppel is getting $500m cash. Whilst, the enlarged SM will get higher NAV, and contract values. No new SM shares will be distributed. And (2) it has nothing to do with SM. It is between Keppel, TH and external investors.   Above are my personal takes, based on the report. ****** Keppel Corporation Annual Report 2021 file:///D:/1-A.Share%20Checklist/Keppel%20Corp/KCL_Annual%20Report%202021.pdf On Page 48 BUSINESS TRANSFORMATION At the start of 2021, Keppel announced a comprehensive transformation of Keppel O& M to enhance its competitiveness and relevance amidst the global energy transition, as well as its exit from the oil rig building business, after completing the existing rigs under construction. This was followed in June by the signing of Memorandums of Understanding (MOUs) for the proposed combination of Keppel O& M and Sembcorp Marine, including the resolution of Keppel O& M&rsquo s legacy rigs, as part of Keppel&rsquo s efforts to be more disciplined and refocus its portfolio. The proposed COMBINATION of Keppel O& M and Sembcorp Marine seeks to create a stronger combined entity that would be better positioned to capitalise on growing opportunities in the O& M, renewables and clean energy sectors. The proposed combination RUNS IN PARALLEL AND IS INTER-CONDITIONAL with another proposed transaction to sell Keppel O& M&rsquo s legacy completed and uncompleted rigs and associated receivables TO A SEPARATE ASSET CO, which would be majority owned by external investors to be procured by Kyanite Investment Holdings, a wholly-owned subsidiary of Temasek. Discussions on the proposed transactions are progressing steadily and Keppel is working towards signing definitive agreements by the end of 1Q 2022 If the proposed transactions are successfully completed, Keppel will become much more streamlined, asset light and focused on renewables, new energy, decarbonisation and environmental solutions.

 

Share many times... $0.72 in 9 months time.

 

You are offshore, JOBLESS and aligned with the Star.

Chagataii      ( Date: 07-Apr-2022 20:11) Posted: I am welder

 

I am welder

 

I said before, me only primary education.
Translation too difficult for me........sorry......my apology.

Chagataii      ( Date: 07-Apr-2022 19:55) Posted: Pkli899 bro I D7 in O level Hua yi can translate

 

Pkli899 bro I D7 in O level Hua yi can translate

 

山 穷 水 尽 疑 无 路
柳 暗 花 明 又 一 村
黑 夜 即 将 过 去
黎 明 快 要 到 来
漫 长 的 等 待 是 值 得 的

 

After the miserable years, SMM is bound to gain back its glory days. Looks like SMM is in the upper hand too in this megadeal and moves to its book value. Getting interesting. Let' s see. cheers.

 

Yes, I posted this few days ago. This would be the case.
My interpreting, based on Keppel Annual report 2021, Page 48 as below:-
1) To combine KOM and SM into one entity.
2) To set up another separate asset co.
3) Parallel and inter-conditional
 
Further explanation:-
1) To combine KOM and SM into one entity.
Since KOM is not a listed company, It shall be given $500m, as suggested by those previous reports. And all the KOM contracts, assets that are not classified as legacy, completed and uncompleted rigs and associated receivables, are to be merged into SM. That means SM' s balance sheet, NAV and contract value would be increased significantly. No new shares will be added.
2) To set up another separate asset co.
Under this asset co, it has nothing to do with SM. It is purely between Keppel and Temasek (Kyanite). And it is selling to external party
3) Parallel and inter-conditional
Under " Memorandums of Understanding (MOUs)" , the item (1) and (2) have to be bound together. Which means, if they have a problem with the external investor on (2), the merging on (1) will not move. Likewise, if they have issues in merging KOM into SM, part (1), item (2) will not go again.
In short, we can say that it is a merging or acquisition for item (1). And Keppel is getting $500m cash. Whilst, the enlarged SM will get higher NAV, and contract values. No new SM shares will be distributed.
And (2) it has nothing to do with SM. It is between Keppel, TH and external investors.
 
Above are my personal takes, based on the report.
******
Keppel Corporation Annual Report 2021
file:///D:/1-A.Share%20Checklist/Keppel%20Corp/KCL_Annual%20Report%202021.pdf
On Page 48
BUSINESS TRANSFORMATION

At the start of 2021, Keppel announced a comprehensive transformation of Keppel O& M to enhance its competitiveness and relevance amidst the global energy transition, as well as its exit from the oil rig building business, after completing the existing rigs under construction. This was followed in June by the signing of Memorandums of Understanding (MOUs) for the proposed combination of Keppel O& M and Sembcorp Marine, including the resolution of Keppel O& M&rsquo s legacy rigs, as part of Keppel&rsquo s efforts to be more disciplined and refocus its portfolio.

The proposed COMBINATION of Keppel O& M and Sembcorp Marine seeks to create a stronger combined entity that would be better positioned to capitalise on growing opportunities in the O& M, renewables and clean energy sectors. The proposed combination RUNS IN PARALLEL AND IS INTER-CONDITIONAL with another proposed transaction to sell Keppel O& M&rsquo s legacy completed and uncompleted rigs and associated receivables TO A SEPARATE ASSET CO, which would be majority owned by external investors to be procured by Kyanite Investment Holdings, a wholly-owned subsidiary of Temasek. Discussions on the proposed transactions are progressing steadily and Keppel is working towards signing definitive agreements by the end of 1Q 2022 If the proposed transactions are successfully completed, Keppel will become much more streamlined, asset light and focused on renewables, new energy, decarbonisation and environmental solutions.

 

Today' s AGM clarification is likely more related to the merger negotiation than answering AGM questions. I would explain the implications later.


Effectively, it has always been an acquisition. However, to give " respect" to the acquired entity if it is sizable, the corporate world usually call it merger.

LawRenceW      ( Date: 07-Apr-2022 18:58) Posted: Very positive outlook for SembMarine!   Some key projects under execution by the Group include: 1. Offshore hook-up and commissioning works for two substation topsides for  Ø rsted' s 1.4GW Hornsea 2 Offshore Wind Farm 2. Design, construction, installation and commissioning of the offshore converter  platform for RWE Renewables' Sofia Offshore Wind Farm 3. Construction and integration of hull, topsides and living quarters for the newbuild  semi-submersible Floating Production Unit (" FPU" )  contracted by Shell for the  Whale development project and 4. Design and construction of the remaining two battery-powered Ropax ferries for  Norled  Going forward, a key priority is to replenish    the Group& rsquo s    order book. The Group is committed to actively convert its pipeline of orders into firm contracts on a timely basis.  At end March 2022, Sembcorp Marine secured a contract from Maersk Supply Service for the construction of a Wind Turbine Installation Vessel    ("   WTIV"   ) in full    compliance to Jones Act. Based on the Group' s in-house design in collaboration with the customer, the WTIV is capable of operating at a high level of efficiency and to handle the next generation of larger wind turbines.  The Group has commenced work on the Front-end Engineering Design contract awarded by Altera in September 2021 for the development of a Floating Production Storage and Offloading    (" FPSO" )    facility for the Dorado FPSO project. The Group hopes to secure the engineering, procurement and construction contract for this project. Negotiations are also in progress with the Brazilian Navy on the construction of the  Antarctic Support Vessel &ldquo NapAnt&rdquo , which is part of the Brazil Navy Research Vessel  Project, with a contract award expected in the first half of 2022. The Group continues to actively pursue multiple projects and tender opportunities in the Renewable Energy and Gas Solutions segment, as well as the Process Solutions segment, including projects relating FPSO vessels, Floating Storage Offloading vessels and FPUs. The Group&rsquo s Repairs & Upgrades business has  also secured advanced orders for the repair and upgrade of LNG carriers and cruise vessels. The Group is also working on active enquiries for offshore vessels upgrading projects. In addition, the Group has continued to secure green technology retrofit solutions, including projects relating to ballast water management system and scrubber installations, and identified opportunities in sustainable repairs and upgrading, such as air lubrication systems and ammonia-based fuel solutions. Underpinned by its operational and technology bench strengths, the Group is well- placed to support the global energy needs, premised on a low-carbon footprint with a balanced portfolio across offshore, marine and energy product solutions. The Group will continue to further diversify its business portfolio and extend into new areas of renewable energy, electrification, gas value chain, ocean living, as well as carbon capture and storage solutions.

 

 

Ya man. BETTER ask :D

PHInsider63      ( Date: 07-Apr-2022 18:13) Posted: The tide changes now 🌊 to SM favour Yes it is possible SM may be the acquirer of KOM at 0.20? Possible? This change of plan of SM being the acquirer possibly caused the delay to April End. Why not?! Ask Better. PHInsider63      ( Date: 07-Apr-2022 16:58) Posted: What next: 1. More sizeable contracts announcement. 2. Robust profitable Q1 review Propel to 0.11 anytime Todays 0.105 is a prelude Merger terms at 0.124 at least Though I hope better s target of 0.20 is achieved Note: price trading at about 0.19/2 when halted for rights Now the reverse May happen, price trading at such Low range and sudden halt and gap up? Dream dream dream. Dare to dream. Eastwind blowing now 💨 💨 💨 🛶 Nothing impossible

 

The tide changes now 🌊 to SM favour
Yes it is possible SM may be the acquirer of KOM at 0.20?
Possible? This change of plan of SM being the acquirer possibly caused the delay to April End.
Why not?!
Ask Better.

PHInsider63      ( Date: 07-Apr-2022 16:58) Posted: What next: 1. More sizeable contracts announcement. 2. Robust profitable Q1 review Propel to 0.11 anytime Todays 0.105 is a prelude Merger terms at 0.124 at least Though I hope better s target of 0.20 is achieved Note: price trading at about 0.19/2 when halted for rights Now the reverse May happen, price trading at such Low range and sudden halt and gap up? Dream dream dream. Dare to dream. Eastwind blowing now 💨 💨 💨 🛶 Nothing impossible

 

Wow. The way monies flow, looks like 0.11-0.12 is not talking only but achievable within striking distance. Megadeal price gotta be nice yeah. cheers.