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thanks. so everything is planned way way back in 2019
ICXGOLD ( Date: 08-Jun-2020 22:15) Posted:
Dont think it will. TM will use its influence to remove unwanted competition in a space between 2 companies both of which they are majority shareholder. In late 2019 they had made a bid to take upto 50% of keppel. Now that Sembcorp will be theres any such merger is far more possible.
lovetoshare ( Date: 08-Jun-2020 22:05) Posted:
| but Keppel has an announcement today. will that affect |
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get from marine shareholders lo
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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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 ? ...
Dont think it will. TM will use its influence to remove unwanted competition in a space between 2 companies both of which they are majority shareholder. In late 2019 they had made a bid to take upto 50% of keppel. Now that Sembcorp will be theres any such merger is far more possible.
lovetoshare ( Date: 08-Jun-2020 22:05) Posted:
but Keppel has an announcement today. will that affect?
ICXGOLD ( Date: 08-Jun-2020 22:00) Posted:
| Ok don't want to sound like the prophet of doom. But here are a few things to clarify that may help.
Sembcorp as you rightly said was bleeding money and part of that would also.including servicing debt. Including a 1.5 billion loan from Sembcorp Industries. The positive is that the debt of 1.5 billion is completely wiped out by this deal so lower financing costs but that wont save this ship with a whole.
That said dont abandon this share. Every dog has its Day and its day is coming in or after october.
1) Sembcorp marine is a Short term investment that can yield upto 33% retuens through the rights issue. The percentage depends on where you are going to enter the share..eg entry at 0.50 = ( 0.50 + ( 5 x 0.2 ) ) / 6 = Avg price $ 0.25 sellnat TERP 0.30 = 20% So this is a buy under maybe $0.60 and gets more profitable as it declines.
2) TM now will be a major holder in this new Sembcorp Marine. And as they dont want to lose money they will probably try and consolidate and merge Sembcorp Marine with Keppel. And that could be a winner for shareholders.
The comparison with SIA is to see how prices move around a rights issue. Apart from that this has nothing to do with SI |
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past few days , the surge in marine price , I think market, mostly think that SCI will merge or "buy" SMM.
but this twist becomes a negative for SMM shareholders..
the twist also tells slot of story.
but Keppel has an announcement today. will that affect?
ICXGOLD ( Date: 08-Jun-2020 22:00) Posted:
Ok don't want to sound like the prophet of doom. But here are a few things to clarify that may help.
Sembcorp as you rightly said was bleeding money and part of that would also.including servicing debt. Including a 1.5 billion loan from Sembcorp Industries. The positive is that the debt of 1.5 billion is completely wiped out by this deal so lower financing costs but that wont save this ship with a whole.
That said dont abandon this share. Every dog has its Day and its day is coming in or after october.
1) Sembcorp marine is a Short term investment that can yield upto 33% retuens through the rights issue. The percentage depends on where you are going to enter the share..eg entry at 0.50 = ( 0.50 + ( 5 x 0.2 ) ) / 6 = Avg price $ 0.25 sellnat TERP 0.30 = 20% So this is a buy under maybe $0.60 and gets more profitable as it declines.
2) TM now will be a major holder in this new Sembcorp Marine. And as they dont want to lose money they will probably try and consolidate and merge Sembcorp Marine with Keppel. And that could be a winner for shareholders.
The comparison with SIA is to see how prices move around a rights issue. Apart from that this has nothing to do with SIA
lovetoshare ( Date: 08-Jun-2020 21:38) Posted:
| once this announcement out.
it is a skewed proposal as temasek also afraid to lose more.....
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shortlist will whack gaolat gaolat , one long red candle down ..
alot of meat here tml ..those interested can whack some ...:)
Ok don't want to sound like the prophet of doom. But here are a few things to clarify that may help.
Sembcorp as you rightly said was bleeding money and part of that would also.including servicing debt. Including a 1.5 billion loan from Sembcorp Industries. The positive is that the debt of 1.5 billion is completely wiped out by this deal so lower financing costs but that wont save this ship with a whole.
That said dont abandon this share. Every dog has its Day and its day is coming in or after october.
1) Sembcorp marine is a Short term investment that can yield upto 33% retuens through the rights issue. The percentage depends on where you are going to enter the share..eg entry at 0.50 = ( 0.50 + ( 5 x 0.2 ) ) / 6 = Avg price $ 0.25 sellnat TERP 0.30 = 20% So this is a buy under maybe $0.60 and gets more profitable as it declines.
2) TM now will be a major holder in this new Sembcorp Marine. And as they dont want to lose money they will probably try and consolidate and merge Sembcorp Marine with Keppel. And that could be a winner for shareholders.
The comparison with SIA is to see how prices move around a rights issue. Apart from that this has nothing to do with SIA
lovetoshare ( Date: 08-Jun-2020 21:38) Posted:
once this announcement out.
it is a skewed proposal as temasek also afraid to lose more.....
yehyeh ( Date: 08-Jun-2020 21:34) Posted:
U dun forget SIA has been profitable for these few years..
well how about SMM? They has been bleeding non stop,
may below 10 cent.. |
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so conclusion is don't buy Liao. haha
danger ( Date: 08-Jun-2020 21:55) Posted:
| Don't forget the renounceable rights have a price too ?
To get the 20c SMM rights share... buying from open market will have a cost adding 20c
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Don't forget the renounceable rights have a price too ?
To get the 20c SMM rights share... buying from open market will have a cost adding 20c
haha .. your last sentence so cute
ahhuat08 ( Date: 08-Jun-2020 21:54) Posted:
sure got buyer one lar, maybe enticed by the attractive rights prices
and in the long run, after the set off of 1.5B debts, smm will be in a nice position to the road of recovery
but for sure i wont be buying tomorrow, unless it drops to 10 cts lol
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? |
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sure got buyer one lar, maybe enticed by the attractive rights prices
and in the long run, after the set off of 1.5B debts, smm will be in a nice position to the road of recovery
but for sure i wont be buying tomorrow, unless it drops to 10 cts lol
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? |
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buy s marine at 20cents.
I might be wrong.
but I really don't know who the heck will buy Marine tomorrow?
if this marine can down all the way to $0.10 or $0.20 then new retailers will come in to est up again.
temasek already trying to wash hand unless is literally free.....
yehyeh ( Date: 08-Jun-2020 21:39) Posted:
So ended up Temasek will bail SMM out ?
lovetoshare ( Date: 08-Jun-2020 21:38) Posted:
| once this announcement out.
it is a skewed proposal as temasek also afraid to lose more.....
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So ended up Temasek will bail SMM out ?
lovetoshare ( Date: 08-Jun-2020 21:38) Posted:
once this announcement out.
it is a skewed proposal as temasek also afraid to lose more.....
yehyeh ( Date: 08-Jun-2020 21:34) Posted:
U dun forget SIA has been profitable for these few years..
well how about SMM? They has been bleeding non stop,
may below 10 cent.. |
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once this announcement out.
it is a skewed proposal as temasek also afraid to lose more.....
yehyeh ( Date: 08-Jun-2020 21:34) Posted:
U dun forget SIA has been profitable for these few years..
well how about SMM? They has been bleeding non stop,
may below 10 cent...
ICXGOLD ( Date: 08-Jun-2020 21:31) Posted:
| Yes best example is Singapore Airlines. Suspended on 26th March @ $6.50 and announced rights at 50l3% Discount ( rights price $3) and TERP $4.40. On 27th Marxh it opened @ $6 and wend down to $4.40 on ex date it fell further down to $3.50 and then recovered to $4.40 now..
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Yes u r right...sia diff league.
Smm tmrw will sink
yehyeh ( Date: 08-Jun-2020 21:34) Posted:
U dun forget SIA has been profitable for these few years..
well how about SMM? They has been bleeding non stop,
may below 10 cent...
ICXGOLD ( Date: 08-Jun-2020 21:31) Posted:
| Yes best example is Singapore Airlines. Suspended on 26th March @ $6.50 and announced rights at 50l3% Discount ( rights price $3) and TERP $4.40. On 27th Marxh it opened @ $6 and wend down to $4.40 on ex date it fell further down to $3.50 and then recovered to $4.40 now..
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yes correct. I still remember that.....
just feeling sad for marine retailer who wants to earn money but now become throw out more money.
ICXGOLD ( Date: 08-Jun-2020 21:31) Posted:
Yes best example is Singapore Airlines. Suspended on 26th March @ $6.50 and announced rights at 50l3% Discount ( rights price $3) and TERP $4.40. On 27th Marxh it opened @ $6 and wend down to $4.40 on ex date it fell further down to $3.50 and then recovered to $4.40 now..
lovetoshare ( Date: 08-Jun-2020 21:26) Posted:
| that means tomorrow all shorties will Wack marine hard. as this announcement is not in favor to marine at all..... |
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U dun forget SIA has been profitable for these few years..
well how about SMM? They has been bleeding non stop,
may below 10 cent...
ICXGOLD ( Date: 08-Jun-2020 21:31) Posted:
Yes best example is Singapore Airlines. Suspended on 26th March @ $6.50 and announced rights at 50l3% Discount ( rights price $3) and TERP $4.40. On 27th Marxh it opened @ $6 and wend down to $4.40 on ex date it fell further down to $3.50 and then recovered to $4.40 now..
lovetoshare ( Date: 08-Jun-2020 21:26) Posted:
| that means tomorrow all shorties will Wack marine hard. as this announcement is not in favor to marine at all..... |
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