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Sure kena short jialut.....
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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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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within half hour tomorrow , I think Marine will sink to the bottom of Titanic Liao.
All rushing to get out asap....those bought at high price one also ke Lian.
still must fork out money to buy more Marine shares which don't make sense.
that means tomorrow all shorties will Wack marine hard. as this announcement is not in favor to marine at all.....
Sembcorp Marine will go downwards heading towards TERP $0.30 as no one going to pay $1 for a share thats issuing rights at $0.20. Expect sharp drop in this tomorrow
The rights ex date will only be decided end of august / early September after EGM of both companies.
With regard to holding 100,000 sembcorp marine shares. You are entitiled to subscribe for 500,000 sembcorp marine shares @ 0.20 ( which will cost you 500000×0.20 = $100,000)
Even if you have $100,000 under your pillow dont subscribe to the Sembcorp Marine rights issue.
Instead = BUY ( U96 ) Sembcorp Industries = Parent of Sembcorp marine. For every 100 shares you own in U96 you will get 427-497 FREE RIGHTS SHARES in Sembcorp Marine as Dividend.
I.e., that $100,000 under the pillow you have kept to buy rights shares on SM if you buy SCI =
The last close of SCI ( U96 ) was 1.53 but I am.using $1.75 as I am pretty sure you won't see that price anymore.
$100,000 ( YOUR CASH ) / ( U96 PRICE ) = 57,142 SCI Shares
RIGHTS DIVIDEND CALCULATION :
57142 / 100 = 571 × 427 = 243,817 FREE Sembcorp Marine Shares if you sell this at TERP of $0.30
1) 243,817 × 0.3 = $73,145 from sale of your free shares.
2) Sale of 57214 Sembcorp Industries Shares ( Book value will be around $2.70) but we well for $1.75. Anything above = additional profit. 57215 shares × $1.75 = your $100,000 back under the pillow.
3) Your current 100,000 Sembcorp Marine shares at any price say $0.30 = $30,000
4) sale of premuim for your Right to subscribe = ( Current price - 0.20 ) say 0.01 = 500,000 x 0.1 = $50000
Total.inflow = 73,145 + 100,000 + 30,000 + 50000
Total Outflow = YOUR CURRENT COST ON THE 100K Sembcorp marine you hold + 100,000
Profit = Inflow - Outflow
Assumptions : that you will sell Sembcorp industries at $1.75 its likely to be closer to $2.2, Assumed you will exist Sembcorp Marine after the ex date in September at TERP 0.30, and that you will make.only 0.10 on premium.
Noob79 ( Date: 08-Jun-2020 17:37) Posted:
1)When is the right expiry date?
2) u mean if I hold 100000 shares, automatically I will get 500000shares?
Or I need to subscribe the 500000 shares@$0.2. Fork out $100000?
ICXGOLD ( Date: 08-Jun-2020 20:31) Posted:
| The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free
Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------
The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares
SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI )
SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM )
+ whatsever we sell 1714 of SCI for = profit
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only one direction for SMM tomorrow ma.
this guy is so cute.... $1?
find huge oil before 8.30am sure $1 (maybe no demand too).
hahaha
ahhuat08 ( Date: 08-Jun-2020 21:15) Posted:
hahahaahahaha,
already said, terp is 30.8 cts liao, and where do u get the figure of 1 buck
unless smm find oil tonite
flylow6 ( Date: 08-Jun-2020 21:12) Posted:
can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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hahahaahahaha,
already said, terp is 30.8 cts liao, and where do u get the figure of 1 buck
unless smm find oil tonite
flylow6 ( Date: 08-Jun-2020 21:12) Posted:
can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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but who will still buy SM marine at $1?
flylow6 ( Date: 08-Jun-2020 21:12) Posted:
can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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Haha, u funny
flylow6 ( Date: 08-Jun-2020 21:12) Posted:
can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
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buy SCI then... all know oil and gas won't last long.
Acewind ( Date: 08-Jun-2020 19:35) Posted:
Hi, need some views or help to understand this rights thing. I have 20lots (20,000) of SMM at $1.38. Ignore I fully subscribed to the rights I am entitled to 100lots at $0.20 (total $20k). Then my avg cost will be $0.396? ($13800x2 + $20000 = $46700 /120000) . What will the trading price be of SMM after all the rights is over?
scenario 2: if I don&rsquo t buy the rights, but I am still entitled to 100lots? I can sell them rights during the rights trading week? Assuming the rights is trading at 20cents, I sell all I will get back $20k? Sorry I am confused, is that how it works?
if I cut my loss for SMM tomorrow, I will not be entitled for the rights? Which scenarios or method is the best to reduce my loss? :( |
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u can refuse to suscribe to the rights
but u will will ur 100k shares keep dropping in value lor
if i were u, i would just subscribe to the 500k shares, and fork out the sgd100k, and wait for it to recover
alternatively, i will cash out 100K smm shares and convert to sci shares, afterall, if the egm passes thru' , u will be entiled to 100:427 shares of smm
just my 2 cts, anyway its highly dilutive for smm, but its really unlocking value for sci.
Noob79 ( Date: 08-Jun-2020 20:53) Posted:
1)When is the right expiry date?
2) u mean if I hold 100000 shares, automatically I will get 500000shares?
Or I need to subscribe the 500000 shares@$0.2. Fork out $100000?
ICXGOLD ( Date: 08-Jun-2020 20:31) Posted:
| The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free
Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------
The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares
SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI )
SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM )
+ whatsever we sell 1714 of SCI for = profit
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can i say now 1 SMM share = 5 SMM right at 0.20 each .... so tomorrow open at least $1.00.??
Big swings ahead avoid at all cost . Unless ur speculative
Tmr start trading agn, halt lifted
bormon ( Date: 08-Jun-2020 20:05) Posted:
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1)When is the right expiry date?
2) u mean if I hold 100000 shares, automatically I will get 500000shares?
Or I need to subscribe the 500000 shares@$0.2. Fork out $100000?
ICXGOLD ( Date: 08-Jun-2020 20:31) Posted:
| The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free
Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------
The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares
SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI )
SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM )
+ whatsever we sell 1714 of SCI for = profit
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Saudi Arabia' s Rawabi to invest $278.6 mil in Swiber eyes US$1 bil LNG project
That is brilliant...
The smart option is not to subcribe the rights issue. But instead use the money to buy SCI shares and get some rights shares for free
Eg: say I own 3000 SMM shares at $1, I can get 15000 rights @ 0.20 (cost $3000). So total costs = 3000+3000 = 6000 / 18000 shares = 0.33 average cost ------
The same $3000 If can get hold of SCI @ say 1.75 = 1714 SCI shares
SM = 3000 I own + ( 7259 Rights @ 427 per 100 SCI )
SM Total shares = 3000 old + 7259 = 10259 ( $0.292 average cost of SM )
+ whatsever we sell 1714 of SCI for = profit
There will be a new quote on the stock exchange for e.g only like sembmarine R etc.
to exercise rights,it can be done via atm. Take a look at the rights document,they will give instruction on exercise of rights.
alfredx ( Date: 08-Jun-2020 20:01) Posted:
Can I ask about 2 and 3.. How to sell right and how to exercise rights?
governor ( Date: 08-Jun-2020 19:49) Posted:
take your pick.
1.) sell the share,no entitlement to rights shares
2.) sell the rights
3.) exercise your rights
4.) do nothing (lose the most money |
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