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Sembmarine

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Trader1987
    09-Jun-2020 09:09  
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When people are fearful, I am greedy. 

went in BIG TIME @ $0.485
 
 
bormon
    09-Jun-2020 09:09  
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Such strong buying? People wanting to get in on the potential Keppel and SCM merger post rights?
 
 
HB8289
    09-Jun-2020 09:08  
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CB
 

 
puppey
    09-Jun-2020 09:06  
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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 ...:)

puppey      ( Date: 09-Jun-2020 08:49) Posted:

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 ...

 

soundblaster      ( Date: 09-Jun-2020 08:41) Posted:

Will it go below 10 cents today?


 
 
john_ric
    09-Jun-2020 09:05  
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now 049
 
 
TA_Expert
    09-Jun-2020 09:03  
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Investors of SCI cheer while holders of SMM suffer. 
 

 
TraderBen
    09-Jun-2020 09:00  
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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?
 
 
TraderBen
    09-Jun-2020 08:54  
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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.
 
 
puppey
    09-Jun-2020 08:49  
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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 ...

 

soundblaster      ( Date: 09-Jun-2020 08:41) Posted:

Will it go below 10 cents today?

 
 
Tirordinary
    09-Jun-2020 08:44  
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tanking a lot. Will we see lower at the end of the day.
 

 
Dorminque05
    09-Jun-2020 08:43  
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Please advice
will you guys buy the rights issue. Sell it or do nothing
 
 
soundblaster
    09-Jun-2020 08:41  
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Will it go below 10 cents today?
 
 
puppey
    09-Jun-2020 08:38  
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a sharp gap already happen in pre market , these few days will be bad for this counter :)

 
 
 
Value_finder
    09-Jun-2020 08:09  
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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:

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.. 

ysh2006      ( Date: 08-Jun-2020 22:16) Posted:

SCI only buy the right up till $1.5b only. The rest retailers buy if not enough than TH buy till $0.6b ...SCI the purchase money get from where ? ...


 
 
Noob79
    09-Jun-2020 08:07  
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I thought temasek and sembcorp Industry will be buying it?
 

 
SinglePore
    09-Jun-2020 07:56  
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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. 
 
 
Acewind
    09-Jun-2020 05:49  
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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 ?
 
 
123prime
    09-Jun-2020 01:09  
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$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.

newbieliu      ( Date: 09-Jun-2020 00:11) Posted:

Shortists when they wanna cover back ? Lol obvious reasons to shoot it down like SIA AGAIN .

lovetoshare      ( Date: 08-Jun-2020 21:50) Posted:

I might be wrong. but I really don't know who the heck will buy Marine tomorrow?


 
 
newbieliu
    09-Jun-2020 00:11  
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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:

I might be wrong. but I really don't know who the heck will buy Marine tomorrow?

 
 
emo3lmo
    08-Jun-2020 23:58  
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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.. 

ysh2006      ( Date: 08-Jun-2020 22:16) Posted:

SCI only buy the right up till $1.5b only. The rest retailers buy if not enough than TH buy till $0.6b ...SCI the purchase money get from where ? ...

 
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