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His $2 target for SCM is based on HOPE. But then never say never. Some dreams do come true. Some major rig builders may suddenly give $10b of contracts to SCM.
Justice888 ( Date: 10-Jun-2020 12:54) Posted:
As of 31 Dec . Smm got $389 million cash in bank. They have 1.42 billion int bearing loan due in 1 year and 1.47 billion loan due after 1 year . And 1.5 billion due to Sembcorp. Total is about $4.5 billion. Any how they can find the money to pay off the loan ? I think no bank will be willing to lend the co .
As of Dec 2019. Oil price not yet crash the loss is $88 million.
Your $2 is based on ?
better ( Date: 10-Jun-2020 12:40) Posted:
I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks.
There are selling pressure coming from likely fund managers/ institutions who want to sell.
There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now to vote against the rights issue, which is what I will be doing as well.
First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question.
Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape.
Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal.
So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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Good decisive move. One of the investment strategies is switching of portfolio. Came across many times decades ago funds manager will adopt sell this buy that in the end can break even. Dont know why fund didnt sell and forget about it. My guess is to report to HQ annually.
alfredx ( Date: 10-Jun-2020 12:39) Posted:
| Given up cut lose 17ksgd and moved on.. Lousy counter for the past 3 years.. Can't be other what they gonna do.. Scam job to make share holder lose money.. There is better counter than this.. |
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it just target 2.
Justice888 ( Date: 10-Jun-2020 12:54) Posted:
As of 31 Dec . Smm got $389 million cash in bank. They have 1.42 billion int bearing loan due in 1 year and 1.47 billion loan due after 1 year . And 1.5 billion due to Sembcorp. Total is about $4.5 billion. Any how they can find the money to pay off the loan ? I think no bank will be willing to lend the co .
As of Dec 2019. Oil price not yet crash the loss is $88 million.
Your $2 is based on ?
better ( Date: 10-Jun-2020 12:40) Posted:
I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks.
There are selling pressure coming from likely fund managers/ institutions who want to sell.
There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now to vote against the rights issue, which is what I will be doing as well.
First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question.
Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape.
Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal.
So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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if i buy SCI & SCM, do i benefit?
precisely if you vote no, the only other option is for temasek to privatize at 20-30% premimum around $1, so between a rights issue vs privatization, SMM shareholders have to assess which one give them the best chance of exiting with least losses
alfredx ( Date: 10-Jun-2020 12:52) Posted:
If still no project or contract plus nobody want to repair ship plus suddenly oil price deep red sea again will they become penny after right? Then TMH can become white Knight again using just 500mil or more to eat up whole SMM assets..
weekaykee ( Date: 10-Jun-2020 12:49) Posted:
Better off to reserve that buying until ex-rights. And actually the big catalyst for a major price increase in SMM' s price will come wtihin months after it goes ex-right when Temasek starts the process of merging it with KOM.
As an SCI shareholder i am looking forward to buy more SMM after ex-rights, over and above the free ones I will be getting |
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Yes, all the older timers of SMM all wiped out.
Many folks lost big time.
Grubber ( Date: 10-Jun-2020 12:53) Posted:
| last warning, dump this and play medical counter, let watch |
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with 50% mark its anybody' s game, unlike 2002 where you need 75% to approve, at that point of time 73% voted in approval when SCI offer $1.1 vs SMM price of $0.895
Any of us here probably wouldnt have shares comparable to the CEO or directors of board in SMM, if senior mgmt of SMM vote yes as individual shareholders, minority like us wouldnt matter. Also buy within your means, if it get passed the resolution we need to come up with $1K per SMM lot to fund the rights issue, thats alot of money
As of 31 Dec . Smm got $389 million cash in bank. They have 1.42 billion int bearing loan due in 1 year and 1.47 billion loan due after 1 year . And 1.5 billion due to Sembcorp. Total is about $4.5 billion. Any how they can find the money to pay off the loan ? I think no bank will be willing to lend the co .
As of Dec 2019. Oil price not yet crash the loss is $88 million.
Your $2 is based on ?
better ( Date: 10-Jun-2020 12:40) Posted:
I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks.
There are selling pressure coming from likely fund managers/ institutions who want to sell.
There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now to vote against the rights issue, which is what I will be doing as well.
First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question.
Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape.
Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal.
So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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last warning, dump this and play medical counter, let watch
SCI shareholders are delighted as they are getting free SMM shares.
This whole ex benefits the shareholders of SCI at the expense of SMM shareholders.
Issuing free SMM shares is really a joke.
If still no project or contract plus nobody want to repair ship plus suddenly oil price deep red sea again will they become penny after right? Then TMH can become white Knight again using just 500mil or more to eat up whole SMM assets..
weekaykee ( Date: 10-Jun-2020 12:49) Posted:
Better off to reserve that buying until ex-rights. And actually the big catalyst for a major price increase in SMM' s price will come wtihin months after it goes ex-right when Temasek starts the process of merging it with KOM.
As an SCI shareholder i am looking forward to buy more SMM after ex-rights, over and above the free ones I will be getting,
zillion ( Date: 10-Jun-2020 12:21) Posted:
| SCI no need to use any cash for the rights issue and with the new shares SCI will give FREE to its shareholders. Of course it is in the best interest that SMM shares must go up as SCI shareholders can cash out higher after the whole exercise. Win-SCI, lose-SMM. |
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in trading do not anticipate, just follow the trend
even buy after ER, business will still be in deep red, just dump n buy medical better
Better off to reserve that buying until ex-rights. And actually the big catalyst for a major price increase in SMM' s price will come wtihin months after it goes ex-right when Temasek starts the process of merging it with KOM.
As an SCI shareholder i am looking forward to buy more SMM after ex-rights, over and above the free ones I will be getting,
zillion ( Date: 10-Jun-2020 12:21) Posted:
| SCI no need to use any cash for the rights issue and with the new shares SCI will give FREE to its shareholders. Of course it is in the best interest that SMM shares must go up as SCI shareholders can cash out higher after the whole exercise. Win-SCI, lose-SMM. |
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Yes good for SMM as otherwise SMM has to pay cash for the monies it owes to SCI . SMM gets away with issuing their own paper instead of hard cash
Good luck to u and all the best for your money.. I might be wrong but u being too optimum over this right issue problem.. It has been 3 years or more this counter have suffer.. U sound like predict next year SMM will make a come back.. Power of u
better ( Date: 10-Jun-2020 12:40) Posted:
I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks.
There are selling pressure coming from likely fund managers/ institutions who want to sell.
There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now to vote against the rights issue, which is what I will be doing as well.
First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question.
Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape.
Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal.
So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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Can your $500K worth of SMM shares sufficent enough to veto the rights issue?
All minority SMM shareholders should come together to veto it.
better ( Date: 10-Jun-2020 12:40) Posted:
I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks.
There are selling pressure coming from likely fund managers/ institutions who want to sell.
There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now to vote against the rights issue, which is what I will be doing as well.
First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question.
Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape.
Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal.
So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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I will rather wait for the price to drop and then buy in... if price move up then forget it.
SCI is giving free SMM shares to existing SCI shareholders. Do you mean that this is a good news to SMM?
You have appointed yourself as the saviour of all the suffering SMM shareholders?
Well you need few hundred millions $$ to make a difference at EGM.
better ( Date: 10-Jun-2020 12:40) Posted:
I have recently purchased around $500k worth of Sembcorp marine shares at around $0.69 average. Likely to buy more in the coming weeks.
There are selling pressure coming from likely fund managers/ institutions who want to sell.
There are also investors like me who want to buy. They are still accumulating Sembcorp marine shares now to vote against the rights issue, which is what I will be doing as well.
First, Sembcorp marine is in not danger of going under. They have a $2billion surbodinated loan from SCI. They have used $1.5billion to rollover expiring loans and can still tap another $500mil for running capital. They have secured another $500mil revolving credit from Standard Chartered which they can tap on anytime as long as SCI have at least 50% share holding (currently at 61%) in Sembcorp marine. With close to $1billion cash at their disposal, survival for the next few years in not in question.
Second, oil prices have rebounded to $40 per barrel and is likely to end the year above $50. These should be supportive of Capex spending and Semb corp marine should be in a good position to capture a big slice of the pie as many of its comnpetitors ahve either gone under or are in far worse shape.
Third, Singapore is going into phase 2 soon and the yards are going to be operating as normal.
So, the smart investors are accumulating Sembcorp marine shares to ensure that they have enough shares to vote against the dilutive rights issue by cunning Temasek holding who wants to win big at the expense of minority share holders of Sembcorp marine. After voting down the rights issue, Sembcorp marine share price is likely to recover to above $2 in the next 2yrs with the rebound in oil prices as the global economy recovers. As it is, China is buying record amount of crude in anticipation of recovery in energy demand.
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