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SEMBMARINE - A NEW CHAPTER - DEMERGED

Chagataii      ( Date: 21-Mar-2022 12:59) Posted: I started off investing in SCM years ago now I am gambling that I can exit at 13c if and only if I cannot exit at 15c

 

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. ckmpd1      ( Date: 21-Mar-2022 12:47) Posted: you are right.  panandol is a pain reliever.  it is not a cure.  any reprieve for scm shareholders now is  a temproray relief.  the problem with scm does not go away. any contract completion is a panadol not a cur

 

A strategic gamble. 8c was artificially created to be affordable for dilution. 13c is TERP. I expect to exit 13c and sail away on an even keel

 

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.

ckmpd1      ( Date: 21-Mar-2022 12:47) Posted: you are right.  panandol is a pain reliever.  it is not a cure.  any reprieve for scm shareholders now is  a temproray relief.  the problem with scm does not go away. any contract completion is a panadol not a cure SteveJobless      ( Date: 21-Mar-2022 10:39) Posted: And the panacea is Panadol given by SM to her shareholders.

 

I started off investing in SCM years ago now I am gambling that I can exit at 13c if and only if I cannot exit at 15c

 

with so much uncertainties in the world, is cutting losses and going into blue chips a possibility? is staying with scm and hoping for the best nothing but just a gamble?   

Chagataii      ( Date: 21-Mar-2022 12:51) Posted: Most share holders now just want to break even or make something out of the years of patience and dilution. We just want to exit without injury or some bonus. It is beyond our imagination to think economics and strategy for shipping industry

 

Most share holders now just want to break even or make something out of the years of patience and dilution. We just want to exit without injury or some bonus. It is beyond our imagination to think economics and strategy for shipping industry

 

you are right.  panandol is a pain reliever.  it is not a cure.  any reprieve for scm shareholders now is  a temproray relief.  the problem with scm does not go away. any contract completion is a panadol not a cure

SteveJobless      ( Date: 21-Mar-2022 10:39) Posted: And the panacea is Panadol given by SM to her shareholders.  PHInsider63      ( Date: 21-Mar-2022 09:47) Posted: 👍 NOL debacle cannot be repeated TH probably used NOL as a case study that they need to consolidate or face the same fate as NOL. When size does matter in this industry, consolidation is the only panacea in any crisis though the process can be painful for shareholders (from $ to cents in price now) and two rights exercises.

 

And the panacea is Panadol given by SM to her shareholders. 

PHInsider63      ( Date: 21-Mar-2022 09:47) Posted: 👍 NOL debacle cannot be repeated TH probably used NOL as a case study that they need to consolidate or face the same fate as NOL. When size does matter in this industry, consolidation is the only panacea in any crisis though the process can be painful for shareholders (from $ to cents in price now) and two rights exercises. ckmpd1      ( Date: 21-Mar-2022 09:38) Posted: Agree.  In land scarce Singapore, maintaining strategic links to the world is important to Singapore.  We must keep our air links and sea links open.  We must maintain self sufficiency in plying our air routes and sea routes. So SIA and NOL were very important and critical to us.  It came as a shock when Singapore govt unwisely mismanaged NOL and allowed it to be sold to CMA in 2016.  That was painful.  It just showed that SG govt is not totally wise and can make silly errors. Hope that SG learns the hard lesson of sell NOL and chopped off our sea reach to the world. NOL saga shows that SG will not save SCM at all cost.  SCM is no SIA.  Neither is SCM equal to NOL.  The saving grace is SG govt has invested heavily in TUAS yard. If anything, shareholders are going to foot the cost, not Singaporean

 

If SM don' t cross 0.10 before the merge anouncement, something bad is going to be happen about the merge. Just like the MGO as BBs know the MGO will be 8cts.

 

Para 2 of your comments is an attestation of how businessmen think. 

PHInsider63      ( Date: 21-Mar-2022 10:25) Posted: I see. SCI-SM is a poor taste legacy. It was really hurtful. I guess now we have Temasek as the vanguard of SM. We hope bad history can be averted and new legacy created. Thanks for your input. SteveJobless      ( Date: 21-Mar-2022 10:18) Posted: No I am not guessing on the merger terms. I am merely looking at it from a business standpoint. SCI-SM is history.

 

I see.

SCI-SM is a poor taste legacy. It was really hurtful.

I guess now we have Temasek as the vanguard of SM.
We hope bad history can be averted and new legacy created.

Thanks for your input.

SteveJobless      ( Date: 21-Mar-2022 10:18) Posted: No I am not guessing on the merger terms. I am merely looking at it from a business standpoint. SCI-SM is history.  PHInsider63      ( Date: 21-Mar-2022 10:09) Posted: Kindly allow me to agree to disagree. We have to decipher the main shareholder of SM. TH is holding 55%. Any terms to the huge detriment of TH, it may be a potential deal breaker. SM is in better waters now than before. The tide might have changed even thought the only lag is no major contract announcements to-date. As for the management, I have nothing to say about the incumbents of SM but I am sure TH is no lame duck. They are watching and I guess this maybe the last straw for him. Hence I am quietly confident SM may post a bumper year profit and even declare a small dividend. As for the merger terms, it s for them to know and for us to guess, really. In life, there are always surprises but long short, I do not see the repetition off SCI-SM de coupling saga when it was god-damn painful surgery for SM shareholders then. I was really lucky only to be primarily involved at the low 8 series period. Else I will loathe SM and management to the bones. And curse it at Four-Horse Road Temple.

 

No I am not guessing on the merger terms. I am merely looking at it from a business standpoint. SCI-SM is history. 

PHInsider63      ( Date: 21-Mar-2022 10:09) Posted: Kindly allow me to agree to disagree. We have to decipher the main shareholder of SM. TH is holding 55%. Any terms to the huge detriment of TH, it may be a potential deal breaker. SM is in better waters now than before. The tide might have changed even thought the only lag is no major contract announcements to-date. As for the management, I have nothing to say about the incumbents of SM but I am sure TH is no lame duck. They are watching and I guess this maybe the last straw for him. Hence I am quietly confident SM may post a bumper year profit and even declare a small dividend. As for the merger terms, it s for them to know and for us to guess, really. In life, there are always surprises but long short, I do not see the repetition off SCI-SM de coupling saga when it was god-damn painful surgery for SM shareholders then. I was really lucky only to be primarily involved at the low 8 series period. Else I will loathe SM and management to the bones. And curse it at Four-Horse Road Temple. SteveJobless      ( Date: 21-Mar-2022 09:54) Posted: KOM-SM merger will be in KOM' s favour. Don' t even doubt that. Its a business world. Needless to say, Wong will be outclassed by Loh, who is an astute businessman, and Loh won' t accept the deal based on the perceptions of SM shareholders. Nothing else is a sure thing except this

 

Yes.  It takes two hands to clap.  One hand wants to sell and another hand thinks it is worth buying

SteveJobless      ( Date: 21-Mar-2022 10:10) Posted: To be fair, perhaps they are seeing things we are not. So it is good for them to be optimistic. Otherwise there will no buying or selling of SM shares and everyone will just be holding on to their scriptless shares. ckmpd1      ( Date: 21-Mar-2022 10:03) Posted: Some SCM SHs are optimistic of a good deal in the KOM/SCM merger. Do they not know what happened to SCM in the 2020 SCI/SCM demerger?  Have they forgotton what happened to SCM in the 2021 Temasek MGO?  History can repeat itself in 2022 when SCM merges with SCM.  We dont know what will happen until terms are announce

 

Not many know the real reason now.  Could be:

1. BB playing the counter
2. Expectation of merger announcement
3. Expect good merger terms for SCM
4. Pure punting based on gut feel

TigerPlay      ( Date: 21-Mar-2022 10:09) Posted: SCM crosses 9cts comfortably, wat is the reason?

 

To be fair, perhaps they are seeing things we are not. So it is good for them to be optimistic. Otherwise there will no buying or selling of SM shares and everyone will just be holding on to their scriptless shares.

ckmpd1      ( Date: 21-Mar-2022 10:03) Posted: Some SCM SHs are optimistic of a good deal in the KOM/SCM merger. Do they not know what happened to SCM in the 2020 SCI/SCM demerger?  Have they forgotton what happened to SCM in the 2021 Temasek MGO?  History can repeat itself in 2022 when SCM merges with SCM.  We dont know what will happen until terms are announced SteveJobless      ( Date: 21-Mar-2022 09:54) Posted: KOM-SM merger will be in KOM' s favour. Don' t even doubt that. Its a business world. Needless to say, Wong will be outclassed by Loh, who is an astute businessman, and Loh won' t accept the deal based on the perceptions of SM shareholders. Nothing else is a sure thing except this

 

SCM crosses 9cts comfortably, wat is the reason?

 

Kindly allow me to agree to disagree.

We have to decipher the main shareholder of SM.
TH is holding 55%. Any terms to the huge detriment of TH, it may be a potential deal breaker.
SM is in better waters now than before. The tide might have changed even thought the only lag is no major contract announcements to-date.

As for the management, I have nothing to say about the incumbents of SM but I am sure TH is no lame duck. They are watching and I guess this maybe the last straw for him. Hence I am quietly confident SM may post a bumper year profit and even declare a small dividend.

As for the merger terms, it s for them to know and for us to guess, really.

In life, there are always surprises but long short, I do not see the repetition off SCI-SM de coupling saga when it was god-damn painful surgery for SM shareholders then. I was really lucky only to be primarily involved at the low 8 series period. Else I will loathe SM and management to the bones. And curse it at Four-Horse Road Temple.

SteveJobless      ( Date: 21-Mar-2022 09:54) Posted: KOM-SM merger will be in KOM' s favour. Don' t even doubt that. Its a business world. Needless to say, Wong will be outclassed by Loh, who is an astute businessman, and Loh won' t accept the deal based on the perceptions of SM shareholders. Nothing else is a sure thing except this. PHInsider63      ( Date: 21-Mar-2022 09:27) Posted: SIA is the pride of Singapore, flagship of the Great LKY, the hallmark of Singapore success story. This is a hardcore reality that EVERYONE and EVERY SINGLE CITIZEN of Singapore needs to take pride in. That said, there are several industries that Sg Gov has to safeguard. Being an island nation, the marine industry is a pivotal sector that needs to protect and prosper. This fact was affirmed by many of the ministers in the past. Of course we have KOM but Gov being Gov, think-tanker scholars would want consolidation of that sector. Very much like DBS-POSB in the hey days. We shall see how SM-KOM pans out in due course. Yes, in terms of size, SM pales in comparison with SIA but in terms of significance, I would say both are just as strategic.

 

Some SCM SHs are optimistic of a good deal in the KOM/SCM merger.

Do they not know what happened to SCM in the 2020 SCI/SCM demerger?  Have they forgotton what happened to SCM in the 2021 Temasek MGO?  History can repeat itself in 2022 when SCM merges with SCM.  We dont know what will happen until terms are announced

SteveJobless      ( Date: 21-Mar-2022 09:54) Posted: KOM-SM merger will be in KOM' s favour. Don' t even doubt that. Its a business world. Needless to say, Wong will be outclassed by Loh, who is an astute businessman, and Loh won' t accept the deal based on the perceptions of SM shareholders. Nothing else is a sure thing except this. PHInsider63      ( Date: 21-Mar-2022 09:27) Posted: SIA is the pride of Singapore, flagship of the Great LKY, the hallmark of Singapore success story. This is a hardcore reality that EVERYONE and EVERY SINGLE CITIZEN of Singapore needs to take pride in. That said, there are several industries that Sg Gov has to safeguard. Being an island nation, the marine industry is a pivotal sector that needs to protect and prosper. This fact was affirmed by many of the ministers in the past. Of course we have KOM but Gov being Gov, think-tanker scholars would want consolidation of that sector. Very much like DBS-POSB in the hey days. We shall see how SM-KOM pans out in due course. Yes, in terms of size, SM pales in comparison with SIA but in terms of significance, I would say both are just as strategic.

 

Agree.  Loh will get a good deal for KC, perhaps at the expense of SCM.  Is this why negotiations are taking longer than expected?  Orginally it was planned to be done by Dec 2021.  Now pushed back to Mar 2022.   

SteveJobless      ( Date: 21-Mar-2022 09:54) Posted: KOM-SM merger will be in KOM' s favour. Don' t even doubt that. Its a business world. Needless to say, Wong will be outclassed by Loh, who is an astute businessman, and Loh won' t accept the deal based on the perceptions of SM shareholders. Nothing else is a sure thing except this. PHInsider63      ( Date: 21-Mar-2022 09:27) Posted: SIA is the pride of Singapore, flagship of the Great LKY, the hallmark of Singapore success story. This is a hardcore reality that EVERYONE and EVERY SINGLE CITIZEN of Singapore needs to take pride in. That said, there are several industries that Sg Gov has to safeguard. Being an island nation, the marine industry is a pivotal sector that needs to protect and prosper. This fact was affirmed by many of the ministers in the past. Of course we have KOM but Gov being Gov, think-tanker scholars would want consolidation of that sector. Very much like DBS-POSB in the hey days. We shall see how SM-KOM pans out in due course. Yes, in terms of size, SM pales in comparison with SIA but in terms of significance, I would say both are just as strategic.