When people are fearful, I am greedy. 
went in BIG TIME @ $0.485
went in BIG TIME @ $0.485
Such strong buying? People wanting to get in on the potential Keppel and SCM merger post rights?
CB
they are forcing all the long term holders to come out and sell ...
if really really insist on buying like some forummers , wait for the selling to stop..
these few days will be bad ...wait for it ...:)
if really really insist on buying like some forummers , wait for the selling to stop..
these few days will be bad ...wait for it ...:)
puppey ( Date: 09-Jun-2020 08:49) Posted:
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now 049
Investors of SCI cheer while holders of SMM suffer. 
If buy 20000 shares at 50 cents , means can get 100000 rights. So total capital will be $30000/120000shares. Avg cost will be 0.25 quite a good deal isn?t it?
Wah Lao at this point of time existing shareholders still need to fork out so much cash. Lucky I cut loss and sold mine. If not really big headache. If don?t subscribe to the rights. I don?t think will see $1 again.
wont see 10c , too much drop ...there' ll be buyers around 30-40c ...
the only option is to subscribe to the rights if your buy price is too high ...cutting loss makes no sense , should have done so earlier ...
 
the only option is to subscribe to the rights if your buy price is too high ...cutting loss makes no sense , should have done so earlier ...
 
soundblaster ( Date: 09-Jun-2020 08:41) Posted:
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tanking a lot. Will we see lower at the end of the day.
Please advice
will you guys buy the rights issue. Sell it or do nothing
will you guys buy the rights issue. Sell it or do nothing
Will it go below 10 cents today?
a sharp gap already happen in pre market , these few days will be bad for this counter :)
 
 
It's clearer now that SMM and Keppel FELS merger will likely to happen after TH has 51% of Keppel Corp.
emo3lmo ( Date: 08-Jun-2020 23:58) Posted:
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I thought temasek and sembcorp Industry will be buying it?
SembMarine' s trading pattern of Right issue is quite similar to SIA. All shareholders kenna " robbed" , if not subscribing the right, kenna dilution. 
There will be more counters like SIA & SembMarine, as companies need cash to survive. Shareholders are ATM machine ready to get cash anytime they need. 
There will be more counters like SIA & SembMarine, as companies need cash to survive. Shareholders are ATM machine ready to get cash anytime they need. 
theoretically, what will be the share price of SMM post de-merger, after all the rights ? 20c-30c ?
What would the rights be trading at during the rights trading week? 0.10-0.15?
Am I too optimistic ?
What would the rights be trading at during the rights trading week? 0.10-0.15?
Am I too optimistic ?
$2.1b rights issue raised, but only $0.6 billion cash incoming.The rest is offset against " you owe me" ($1.5 bio), I need my money back..
Is $600 mio enough for S51? 
Parent who own 61% is very insistent in severing ties with S51.....Receive the shares from rights issue will also be given away to shareholder..free as dividends,100 shares get 427 or more.
Big investor own 49.3% of Parent.He does not own S51,currently.
30% will be forthcoming as free from dividends from Parent. He underwrite remainning $0.6 bio rights.If no one want the rights ,he would own 58% of S51 with $0.6 bio outlay.
Only 1 keen buyer for Semcorp Marine.No one else wants it. Think $0.20 or lower, ex rights,or sooner.
Unless whitewash resolution fails.
Is $600 mio enough for S51? 
Parent who own 61% is very insistent in severing ties with S51.....Receive the shares from rights issue will also be given away to shareholder..free as dividends,100 shares get 427 or more.
Big investor own 49.3% of Parent.He does not own S51,currently.
30% will be forthcoming as free from dividends from Parent. He underwrite remainning $0.6 bio rights.If no one want the rights ,he would own 58% of S51 with $0.6 bio outlay.
Only 1 keen buyer for Semcorp Marine.No one else wants it. Think $0.20 or lower, ex rights,or sooner.
Unless whitewash resolution fails.
newbieliu ( Date: 09-Jun-2020 00:11) Posted:
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Shortists when they wanna cover back ? Lol obvious reasons to shoot it down like SIA AGAIN .
lovetoshare ( Date: 08-Jun-2020 21:50) Posted:
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Sembcorp Industries has undertaken to subscribe for up to S$1.5 billion of Rights Shares by setting off the S$1.5 billion outstanding under its Subordinated Loan extended to Sembcorp Marine.
write off the loan by converting to equity interest
SMM shareholder suffer..
no new cash injection from SCI.. 
write off the loan by converting to equity interest
SMM shareholder suffer..
no new cash injection from SCI.. 
ysh2006 ( Date: 08-Jun-2020 22:16) Posted:
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