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Sembmarine

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josemmm123
    15-Jul-2020 21:20  
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Used to be hyflux shareholders... but sold off their stake.. And hyflux shareholders begging Temasek to come back to be their shareholders and rescue them, but govt says cannot..

Now Temasek willing to help Semb marine.. u sure u dun want the help? wait end up like Hyflux.. regret sia

Sgvale      ( Date: 15-Jul-2020 21:17) Posted:

Is Temasick major shareholders in Huflux in the first place to speak?

josemmm123      ( Date: 15-Jul-2020 21:16) Posted:

As others mentioned, u dun want to end up like Hyflux shareholders right? They begged Temasek to help and Temasek dun even blink an eye.

This Semb marine, Temasek volunteer to help , u want to reject? Hyflux shareholders wun mind changing place with u..


 
 
randommonkey
    15-Jul-2020 21:18  
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actually i not sure if ahgong was hyflux SSH but ahgong dont own SMM at all actually i think

Sgvale      ( Date: 15-Jul-2020 21:17) Posted:

Is Temasick major shareholders in Huflux in the first place to speak?

josemmm123      ( Date: 15-Jul-2020 21:16) Posted:

As others mentioned, u dun want to end up like Hyflux shareholders right? They begged Temasek to help and Temasek dun even blink an eye.

This Semb marine, Temasek volunteer to help , u want to reject? Hyflux shareholders wun mind changing place with u..


 
 
josemmm123
    15-Jul-2020 21:18  
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hmm... u may be surprised that the share price may go up instead becos now the temasek deal is almost a done deal liao..

U see how hyflux shareholders/bondholders suffer .. think u better treasure the chance of Temasek willing to lend support to sembmarine..

Sgvale      ( Date: 15-Jul-2020 21:14) Posted:

Really suay. Bought $1.10+. W this stupid plan , further help plunge the price. Now kenna feel like putting knife on neck to buy the rights. Don't know price will fall again tomorrow?

 

 
Sgvale
    15-Jul-2020 21:17  
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Is Temasick major shareholders in Huflux in the first place to speak?

josemmm123      ( Date: 15-Jul-2020 21:16) Posted:

As others mentioned, u dun want to end up like Hyflux shareholders right? They begged Temasek to help and Temasek dun even blink an eye.

This Semb marine, Temasek volunteer to help , u want to reject? Hyflux shareholders wun mind changing place with u...

Sgvale      ( Date: 15-Jul-2020 21:04) Posted:

The deal like not to SCM favour. The propose is already plunge SCM to 0.45. Why must still further help the Co buy the rights When it didn't help me?


 
 
josemmm123
    15-Jul-2020 21:16  
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As others mentioned, u dun want to end up like Hyflux shareholders right? They begged Temasek to help and Temasek dun even blink an eye.

This Semb marine, Temasek volunteer to help , u want to reject? Hyflux shareholders wun mind changing place with u...

Sgvale      ( Date: 15-Jul-2020 21:04) Posted:

The deal like not to SCM favour. The propose is already plunge SCM to 0.45. Why must still further help the Co buy the rights When it didn't help me?

 
 
Sgvale
    15-Jul-2020 21:14  
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Really suay. Bought $1.10+. W this stupid plan , further help plunge the price. Now kenna feel like putting knife on neck to buy the rights. Don't know price will fall again tomorrow?
 

 
michaeltan
    15-Jul-2020 21:12  
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Agree.  Who want the sinking ship? Hopefully it won' t be suspended forever like Hyflux.
Honestly if without the $2 billion lifeline support from parent company SCI. This company may not survive until now.
This is only chance for the company to turn it around with Temasek support.


randommonkey      ( Date: 15-Jul-2020 21:06) Posted:

because the debt liability of SCM is insane at this point in time. cash flow problems, lack of contract, barely able to pay off interest rate. will become hyflux if dont support. the only life line now is ahgong' s offer

Sgvale      ( Date: 15-Jul-2020 21:04) Posted:

The deal like not to SCM favour. The propose is already plunge SCM to 0.45. Why must still further help the Co buy the rights When it didn't help me?


 
 
josemmm123
    15-Jul-2020 21:12  
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Precisely .... Imagine Temasek offers to help Hyflux.. many of  hyflux  shareholders/bond holders  begging Temasek to help but in  vain.

This one Temasek volunteer to help Semb Marine shareholders.. so the chance of semb marine shareholders agreeing and approving the deal is now almost done deal liao.. 

randommonkey      ( Date: 15-Jul-2020 21:06) Posted:

because the debt liability of SCM is insane at this point in time. cash flow problems, lack of contract, barely able to pay off interest rate. will become hyflux if dont support. the only life line now is ahgong' s offer

Sgvale      ( Date: 15-Jul-2020 21:04) Posted:

The deal like not to SCM favour. The propose is already plunge SCM to 0.45. Why must still further help the Co buy the rights When it didn't help me?


 
 
randommonkey
    15-Jul-2020 21:06  
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because the debt liability of SCM is insane at this point in time. cash flow problems, lack of contract, barely able to pay off interest rate. will become hyflux if dont support. the only life line now is ahgong' s offer

Sgvale      ( Date: 15-Jul-2020 21:04) Posted:

The deal like not to SCM favour. The propose is already plunge SCM to 0.45. Why must still further help the Co buy the rights When it didn't help me?

 
 
Sgvale
    15-Jul-2020 21:04  
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The deal like not to SCM favour. The propose is already plunge SCM to 0.45. Why must still further help the Co buy the rights When it didn't help me?
 

 
randommonkey
    15-Jul-2020 20:39  
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yes temasek underwrite all rights, but the whitewash must be approved. so ahgong effective shareholding can be from 29.9 to 58%.
https://financialhorse.com/sembcorp-demerger-explained-what-is-going-on-how-to-play-this/

Sgvale      ( Date: 15-Jul-2020 20:36) Posted:

Thank you for the advise. But if Rights not fully subscribe, will Temasek buy up all those un-subscribed like what they promised for SIA?

randommonkey      ( Date: 15-Jul-2020 20:11) Posted:

shud be 1 for 5, so entitled to 5 rights share. each rights cost 0.2


 
 
Sgvale
    15-Jul-2020 20:36  
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Thank you for the advise. But if Rights not fully subscribe, will Temasek buy up all those un-subscribed like what they promised for SIA?

randommonkey      ( Date: 15-Jul-2020 20:11) Posted:

shud be 1 for 5, so entitled to 5 rights share. each rights cost 0.20

Sgvale      ( Date: 15-Jul-2020 20:03) Posted:

Mr Wong urged shareholders to support the rights issue when it is put to a vote in August.

If i have 5000 shares of Sembmarine, what's the Rights ratio? Can buy how many & at how much? Anyone can advise? I did not follow the recent news.


 
 
josemmm123
    15-Jul-2020 20:13  
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ya lo.,. that why they will vote for the demerger lo...

Then semb marine shareholders will vote for the rights issue and support from Temasek.. good what

Goldfinger      ( Date: 15-Jul-2020 20:07) Posted:

With such large and accelerating losses, I doubt SCI shareholders would want to continue support SMM anymore. Sad.

 
 
randommonkey
    15-Jul-2020 20:11  
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shud be 1 for 5, so entitled to 5 rights share. each rights cost 0.20

Sgvale      ( Date: 15-Jul-2020 20:03) Posted:

Mr Wong urged shareholders to support the rights issue when it is put to a vote in August.

If i have 5000 shares of Sembmarine, what's the Rights ratio? Can buy how many & at how much? Anyone can advise? I did not follow the recent news.

 
 
Goldfinger
    15-Jul-2020 20:07  
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With such large and accelerating losses, I doubt SCI shareholders would want to continue support SMM anymore. Sad.
 

 
josemmm123
    15-Jul-2020 20:05  
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The huge loss of semb marine maybe blessing in disguise ... now shareholders of Semb marine would most likely vote for the deal as $$$ and support  from Temasek now seems very useful liao..
 
 
Sgvale
    15-Jul-2020 20:03  
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Mr Wong urged shareholders to support the rights issue when it is put to a vote in August.

If i have 5000 shares of Sembmarine, what's the Rights ratio? Can buy how many & at how much? Anyone can advise? I did not follow the recent news.
 
 
rlong8288
    15-Jul-2020 19:45  
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Or they will do another round of right issue, this time there will many new SCI shareholders.... will it happen

michaeltan      ( Date: 15-Jul-2020 19:33) Posted:

Temasek will not let the ship sink once it has pump in 600mil cash. I think it will work on back end for the two big marine sectors to be merged. 

alfredx      ( Date: 15-Jul-2020 19:19) Posted:

After the right issue they only receive a 600mil cash on hand.. 1h of 2020 already lose away 192mil.. How many half or years can they burn? It a sinking ship.. It been 3 or 4 years loses.. If really no contract till oil recover to $60, shareholder will sink with them..


 
 
michaeltan
    15-Jul-2020 19:33  
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Temasek will not let the ship sink once it has pump in 600mil cash. I think it will work on back end for the two big marine sectors to be merged. 

alfredx      ( Date: 15-Jul-2020 19:19) Posted:

After the right issue they only receive a 600mil cash on hand.. 1h of 2020 already lose away 192mil.. How many half or years can they burn? It a sinking ship.. It been 3 or 4 years loses.. If really no contract till oil recover to $60, shareholder will sink with them..

michaeltan      ( Date: 15-Jul-2020 19:15) Posted:

Provided the shareholders support the deal then only chance for the company to turn it around


 
 
josemmm123
    15-Jul-2020 19:32  
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they receiving > $2billion to pay off their debt. Debt Ratio becomes 0.45 so that alone save alot of interest $$$.

Now they are venturing into other areas like green energy etc...

That why now the chance of semb marine shareholders voting for the deal is quite high liao

alfredx      ( Date: 15-Jul-2020 19:19) Posted:

After the right issue they only receive a 600mil cash on hand.. 1h of 2020 already lose away 192mil.. How many half or years can they burn? It a sinking ship.. It been 3 or 4 years loses.. If really no contract till oil recover to $60, shareholder will sink with them..

michaeltan      ( Date: 15-Jul-2020 19:15) Posted:

Provided the shareholders support the deal then only chance for the company to turn it around


 
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