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Who calling Limpeh?
The real CaiShenDaohere!
still holding on to my KC and free SembCorpMarine shares :D
Huat Ah!
The real CaiShenDaohere!
still holding on to my KC and free SembCorpMarine shares :D
Huat Ah!
Christrade ( Date: 16-Mar-2023 19:00) Posted:
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Once the dust settles, that is, the short and contra square off their positions in the coming weeks, the price will climb to .14. And when first half results come in later half of this year, SMM price will shoot past .20.
All the best to all SMM share holders!
All the best to all SMM share holders!
It WILL NEVER be 3rd rights...
Go read up SMM, especially new managements taking over...
THINK DEEP...
Don`t ever listen to share456
Go read up SMM, especially new managements taking over...
THINK DEEP...
Don`t ever listen to share456
rledchg11 ( Date: 20-Mar-2023 16:00) Posted:
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thanks for the highlights. :)
seems like not a rosy picture.. as now..
if really... 3rd rights... piang... what? add another 30B shares? to become 100B float? scary...
seems like not a rosy picture.. as now..
if really... 3rd rights... piang... what? add another 30B shares? to become 100B float? scary...
Red_Bean ( Date: 19-Mar-2023 10:11) Posted:
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My only positve today under watch
If you want to short it, go ahead, don't speculate about scm finances. It is 7B company, the extent of complexity is far beyond general knowledge...
share456 ( Date: 18-Mar-2023 21:05) Posted:
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SMM has not utilized the previous $600M raised from 2nd rights so presumably the new management would need to consider that. As long as the company is well capitalized and that the expected rate of return on projects exceeds their cost of funds (despite the rising rates environment), pretty sure that the company will consider a more measured approach to their WACC - including tapping on credit facilities to support the fulfilment of the order book. Cost of debt is still cheaper than cost of equity at the end of the day
share456 ( Date: 18-Mar-2023 21:05) Posted:
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Combined entity
Although the sizeable order book sounds good, investors will do well to note that the combined entity will have about 68.2 billion shares outstanding, being 31.4 billion shares in SMM and 36.8 billion shares issued to KOM shareholders.
Although the sizeable order book sounds good, investors will do well to note that the combined entity will have about 68.2 billion shares outstanding, being 31.4 billion shares in SMM and 36.8 billion shares issued to KOM shareholders.
Red_Bean ( Date: 19-Mar-2023 10:11) Posted:
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$ ' 000
As at 31/12/2022
Current assets
Inventories 71,061
Trade and other receivables 571,794
Contract costs 47,654
Contract assets 296,763
Tax recoverable 14,840
Other financial assets 40,007
Cash and cash equivalents 2,090,843
Total Current Assets 3,132,962
Current liabilities
Trade and other payables 1,052,534
Contract liabilities 585,801
Provisions 89,407
Other financial liabilities 1,622
Current tax payable 9,152
Interest-bearing borrowings 1,669,164
Lease liabilities 26,316
Total Current liabilities 3,433,996
Net current (liabilities)/assets (301,034)
Current assets
Inventories 71,061
Trade and other receivables 571,794
Contract costs 47,654
Contract assets 296,763
Tax recoverable 14,840
Other financial assets 40,007
Cash and cash equivalents 2,090,843
Total Current Assets 3,132,962
Current liabilities
Trade and other payables 1,052,534
Contract liabilities 585,801
Provisions 89,407
Other financial liabilities 1,622
Current tax payable 9,152
Interest-bearing borrowings 1,669,164
Lease liabilities 26,316
Total Current liabilities 3,433,996
Net current (liabilities)/assets (301,034)
share456 ( Date: 18-Mar-2023 21:05) Posted:
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One of the old yard alrd sold to ST right?
Now need to pay for only one CEO compare to 2 before merger, fair big cost saving alrd?Sell old yard and office at Tuas and concentrate all works at Sembawang ?
it means scm needs 3rd right issue or new funding for the combined entity.
current cash balance cannot support $18B projects entirely.
current cash balance cannot support $18B projects entirely.
vicloo ( Date: 18-Mar-2023 20:43) Posted:
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No both kom and smm were losing money b4 merger. Chris needs to do things like what Elon did on twitter, to turn it to profitability... Retrench, right-sizing and so on. Cannot just run status qou, it like they are in the past.
rledchg11 ( Date: 18-Mar-2023 16:09) Posted:
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The analysts have quite a diverse range of estimates for FY23, evidenced by the mixed spectrum of TPs. There is a camp of foreign brokers such as Citi & Macquarie who is calling sell. CLSA, UOBKH and HSBC have turned bullish and then CGS-CIMB is positive but TP capped at around 12c with the enlarged basis. I guess there is relatively limited disclosures and guidance on how the future look like so we dont really see a consensus view from the market, with majority expecting SMM to return to profitability only from FY24. That being said, it is an opportunity for SMM new leadership to go out to market on a clean slate
rledchg11 ( Date: 18-Mar-2023 16:09) Posted:
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with the combined entity... to become a mega company...
any estimate , or guessing about their 2023 potential revenue?
seems like not much of such estimated info ..... after a while of googling...
... maybe analysts.. still busy calculating... :))
any estimate , or guessing about their 2023 potential revenue?
seems like not much of such estimated info ..... after a while of googling...
... maybe analysts.. still busy calculating... :))
vicloo ( Date: 18-Mar-2023 15:25) Posted:
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"Undertaking a crucial strategic review
There?s no better time to undertake a strategic review as SMM now has a new CEO, Chris Ong, on board.
The group also has a new chairman of the board Mark Gainsborough, a veteran who used to work at Shell PLC (LON: SHEL).
Mr Gainsborough said the board of directors wants to ensure that SMM can smoothly deliver its existing workload.
Two key areas to be looked at include the group?s headcount and yard facilities.
Layoffs have not been ruled out thus far but if these do occur, they will be structured and phased and be accompanied by swift communication with employees to minimise disruptions."
HEY HEY, Chris, are you getting back on your new strategic plan soon.... our neck getting longer and longer now 😉
There?s no better time to undertake a strategic review as SMM now has a new CEO, Chris Ong, on board.
The group also has a new chairman of the board Mark Gainsborough, a veteran who used to work at Shell PLC (LON: SHEL).
Mr Gainsborough said the board of directors wants to ensure that SMM can smoothly deliver its existing workload.
Two key areas to be looked at include the group?s headcount and yard facilities.
Layoffs have not been ruled out thus far but if these do occur, they will be structured and phased and be accompanied by swift communication with employees to minimise disruptions."
HEY HEY, Chris, are you getting back on your new strategic plan soon.... our neck getting longer and longer now 😉
vicloo ( Date: 18-Mar-2023 15:22) Posted:
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Yes, everyone is waiting for Chris Ong to announce his restructuring plan for the new entity... can't wait haha.
rledchg11 ( Date: 18-Mar-2023 13:28) Posted:
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maybe.... early this year, the market cap was around 4.3B+. and now.. about.. 7.3B+ now,... with about... 68B shares...
and ..maybe ... many people could be seeing some double or tripple to the current revenue.. in near future..... much of anticipated positive eps......
super.. ultra exciting...
and ..maybe ... many people could be seeing some double or tripple to the current revenue.. in near future..... much of anticipated positive eps......
super.. ultra exciting...
Due to weak fundamentals.....target price see for youself.
https://www.marketwatch.com/story/sembcorp-marine-shares-rise-after-msci-confirms-coming-index-inclusion-aefc8f28
https://www.marketwatch.com/story/sembcorp-marine-shares-rise-after-msci-confirms-coming-index-inclusion-aefc8f28