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Sembmarine

Do you all think 0.70 achievable?

 

RHB has a target of $1.13 

https://www.theedgesingapore.com/capital/brokers-calls/sembmarine-benefit-rights-issue-despite-tough-business-environment-rhb

 

Very strong support still 63.5

 

LOL dont dream i was having the same hope at SIA right shareslol it was halved under manipulation by BB

Lightscity      ( Date: 10-Jun-2020 08:41) Posted: Temasek will definitely support the share price of SMM much higher than rights price of $0.20 before the rights issue, otherwise the $0.20 will not be attractive. Ultimately they are going to be the major if not majority shareholder of SMM.

 

Temasek will definitely support the share price of SMM much higher than rights price of $0.20 before the rights issue, otherwise the $0.20 will not be attractive. Ultimately they are going to be the major if not majority shareholder of SMM. 

 

For holders of SM via CPF, can apply for rights?

 

I supposed those FOC given by SMM cannot buy excess right shares...act as bonus/ dvident only...

uiop1223      ( Date: 09-Jun-2020 22:24) Posted: If u short via cfd, there be cash adjustments. In SCI, theres some uncertainty as the rights entitlement are not fixed its in range of 427 to 491 for every 100 SCI shares. Still, its much less complex than the recent SIA MCBs. No one knows the valuation. I suggest buying some SCI and try to subscribe for excess rights? Maybe u get lucky. TheDuellist      ( Date: 09-Jun-2020 20:41) Posted: (Shorting) is an option, but not advisable. Heres why: If you short sell now or during CR and hold it pass XR, there would be complications. Depending on your platform, I am not sure what it will call for. Adjustment in price, pay up the Rights, or penalties, or whatever compensation....etc. You need to be a maverick to pull it off confidently. Obviously I am not one. Also, your timing must be perfect. I think I am not up to the game. But......I may buy some Rights via market transactions once it becomes listed. I felt this is a better chance to profit. To each his own. Mind sharing your opinion?

 

If u short via cfd, there be cash adjustments. In SCI, theres some uncertainty as the rights entitlement are not fixed its in range of 427 to 491 for every 100 SCI shares. Still, its much less complex than the recent SIA MCBs. No one knows the valuation.

I suggest buying some SCI and try to subscribe for excess rights? Maybe u get lucky.

TheDuellist      ( Date: 09-Jun-2020 20:41) Posted: (Shorting) is an option, but not advisable. Heres why: If you short sell now or during CR and hold it pass XR, there would be complications. Depending on your platform, I am not sure what it will call for. Adjustment in price, pay up the Rights, or penalties, or whatever compensation....etc. You need to be a maverick to pull it off confidently. Obviously I am not one. Also, your timing must be perfect. I think I am not up to the game. But......I may buy some Rights via market transactions once it becomes listed. I felt this is a better chance to profit. To each his own. Mind sharing your opinion?   puppey      ( Date: 09-Jun-2020 20:23) Posted: I have just quoted you ..I marked your words ..hahaha this few days will be bad as sellers is still around ..lets watch this week before deciding ... in other words , you planning to short

 

U all dont worry unnecessarily.. dont do so much thinking wait grow old faster..  yesterday was worry shr px go under 20c etc,, today another worry,, by rights issue. all will go bonker..  For me,, i think i am the only one here very optimistic of sembmarine future,, plse vote " yes" i think hyflux investor muxt be very envy of us sembmarine shr holder.. u got Ah Kong to help shd be grateful,, i think Hyflux investor wish got Ah Kong call right issue, then today they will still be around,,

 

Not an expert. Just sharing thoughts. the whole objective of this deal is for 
1.  SCI to shed SCM and focus on more prospective biz opportunities 
2.  TH to reduce their share% in SCM eventually and in turn reduce their risk 
3.  SCM to get more captial and try surviving 
4.  Give long term SCM shareholders a chance to reduce their avg price and stay in the game
Supposed to be a win-win for all, but in reality there is no ' one size that fits all' . for recent SCM shareholders with avg price ard 1.15, privitization works better where they can get ard 30-35% from last traded price of $0.85. For longterm shareholders (say avg price of $3) it may not work as it will result in a huge loss anw and thus rights issuance works better thena privatization,  to bring down their average price proportionally and they can hope for SCM' s revival in future (atleast there is a chance).

For SCI shareholders:  Though investing in SCI looks attractive due to the ' five-for-one' free SCM shares, its actually not. SCI shareholders are not getting anything free, they are just getting the money back for letting go their indirect shares in SCM. in other words, SCI value is not the same anymore after the demerger though SCM is not earning of late. Infact after all the distribution is over SCI shareholders will be holding 30-35% of total SCM shares directly without a choice. 

For SCM Shareholders:  No choice. Need to exercise the rights to stay relevant. if no more money to pump in, like soomeone suggested in this thread, sell the shares during the rights excercising week and buy back again after the exercise is completed, if you still trust this counter.

Though there are 1000 things that should in fall in place for SCM' s revival (completion of SCI-SCM demerger and possibly Keppel-SCM merger and possibly oil price up etc). If it really happens its gonna be ' happy ending' otherwise its just the ' ending'

 

I come less cause very scare to read bad news, i just love good news.. lover of good news.

and very odd that we both see 1$ for sembmarine... never say never,, we will soar.

sembmarine will be sembrocket after the rights,, BB favourite play thing..

arctician1982      ( Date: 09-Jun-2020 22:07) Posted: this i agree, if there are invisible hands to push it up to $1, i bet most of SMM will want approve and take the rights Goldfinger      ( Date: 09-Jun-2020 21:13) Posted: Well, if there are hidden hands keen on the deal going through, then I would expect price action to induce a rise in SMM share prices over time until the EGM.  These parties can be holders of SCI or whatever - you never really know.  The higher the SMM share price, the better for SCI shareholders. Yah?  SO, both counters may benefit.

 

this i agree, if there are invisible hands to push it up to $1, i bet most of SMM will want approve and take the rights

Goldfinger      ( Date: 09-Jun-2020 21:13) Posted: Well, if there are hidden hands keen on the deal going through, then I would expect price action to induce a rise in SMM share prices over time until the EGM.  These parties can be holders of SCI or whatever - you never really know.  The higher the SMM share price, the better for SCI shareholders. Yah?  SO, both counters may benefit.

 

Well, if there are hidden hands keen on the deal going through, then I would expect price action to induce a rise in SMM share prices over time until the EGM.  These parties can be holders of SCI or whatever - you never really know.  The higher the SMM share price, the better for SCI shareholders. Yah?  SO, both counters may benefit.   

 

Dear All,

May I know what are these terms?
CR
XR
BB

I only know CCB is chao chee bye close circuit breaker

 

(Shorting) is an option, but not advisable. Heres why:

If you short sell now or during CR and hold it pass XR, there would be complications. Depending on your platform, I am not sure what it will call for. Adjustment in price, pay up the Rights, or penalties, or whatever compensation....etc. You need to be a maverick to pull it off confidently. Obviously I am not one. Also, your timing must be perfect. I think I am not up to the game.

But......I may buy some Rights via market transactions once it becomes listed. I felt this is a better chance to profit.

To each his own. Mind sharing your opinion?

 

puppey      ( Date: 09-Jun-2020 20:23) Posted: I have just quoted you ..I marked your words ..hahaha this few days will be bad as sellers is still around ..lets watch this week before deciding ... in other words , you planning to short ? TheDuellist      ( Date: 09-Jun-2020 20:01) Posted: Not to pour cold water..... but you guys need to plan your exit soon, especially when you can still get 60 cents a share. Seriously, do you really expect it to run up? Once the dust settles, SCM would very likely to be trading below 30 cents. Mark my words. Not cursing or whatsoever. Think about it, forget about how much you invested in the counter. The signal is out! Of course if you so love SCM, you can still buy back after the Rights are converted into shares and listed.

 

I have just quoted you ..I marked your words ..hahaha
this few days will be bad as sellers is still around ..lets watch this week before deciding ...
in other words , you planning to short ?

TheDuellist      ( Date: 09-Jun-2020 20:01) Posted: Not to pour cold water..... but you guys need to plan your exit soon, especially when you can still get 60 cents a share. Seriously, do you really expect it to run up? Once the dust settles, SCM would very likely to be trading below 30 cents. Mark my words. Not cursing or whatsoever. Think about it, forget about how much you invested in the counter. The signal is out! Of course if you so love SCM, you can still buy back after the Rights are converted into shares and listed.

 

for me who own 2 lots, the right issue give me a chance to lower my average cost at 20c and hope for a profit when keppel and SMM consolidate. If i vote no and continue holding on at $3, even if privatize at $2 i also lose. 

For my case vote yes i have chance, vote no then really no chance, if i can lower my cost to 50c or less then still ok

bigideas149      ( Date: 09-Jun-2020 19:46) Posted: For those who bought at $3, they will lose either way - the issue is whether they will lose    less if Temasek offers a better deal. Obviously the answer is yes since if Temasek privatises instead of doing a rights issue, people don' t have to cough up money to prevent dilution.  Even right now, Temasek *already* has a 30% stake in SCM (though indirectly), they still cannot let it fail right? arctician1982      ( Date: 09-Jun-2020 17:16) Posted: how can they come up with better deal, if temasek or SCI buy out SMM or privatize it, it will probably have 30-40% premium, and those who bought at $3 still have to realize the losses...if reject privatization we will go full circle and they still need pay $1.5B loan I am thinking to use the chance to apply for excess at 0.20 then lower down average price, at least with 30% stake from temasek SMM wont go under

 

If you base on todays SCM trading price, it would about 40 cents, no? Realistically, do you think it will happen?

Acewind      ( Date: 09-Jun-2020 19:54) Posted: What value will the rights be trading at during the rights trading week? Most likely 10c? Or less? Unlikely to be trading around 18-23c. Based on sia rights trading it is 1/4 to 1/5 of the rights price. Correct me if I am wrong?

 

Not to pour cold water..... but you guys need to plan your exit soon, especially when you can still get 60 cents a share. Seriously, do you really expect it to run up? Once the dust settles, SCM would very likely to be trading below 30 cents. Mark my words. Not cursing or whatsoever. Think about it, forget about how much you invested in the counter. The signal is out! Of course if you so love SCM, you can still buy back after the Rights are converted into shares and listed.

 

What value will the rights be trading at during the rights trading week? Most likely 10c? Or less? Unlikely to be trading around 18-23c. Based on sia rights trading it is 1/4 to 1/5 of the rights price. Correct me if I am wrong?