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Sembmarine

That is a good idea, thank you so much!

vivacious      ( Date: 08-Jun-2020 20:09) Posted: then u should borrow from your another ex-gf devil to repay angel deviljin      ( Date: 08-Jun-2020 19:31) Posted: I borrowed money from my ex-gf Angel for this, she is going to be angr

 

then u should borrow from your another ex-gf devil to repay angel

deviljin      ( Date: 08-Jun-2020 19:31) Posted: I borrowed money from my ex-gf Angel for this, she is going to be angry phyllisng      ( Date: 08-Jun-2020 19:17) Posted: i' m holding some SMM at $1.72 too and dont know wat to do... if the share price managed to stable down at around $0.60 +/- when the halt is over and  based on ur calculation, if i oso buy the rights and average down my shares to abt 40 cents +/- per share, actually didnt lose $ right... haha... i tink i painted the picture too nicely right.... the price stable at ard 60 cents.. haha

 

not sure if this can be done, u sell ur rights at 20c on opening. most likely it wil drop, like what happened to SIA and buy back the rights at a cheaper price( that is if it drops). Is this rights tradable? like the SIA rights. So if you are holding at a high cost $1.50 -$2, scoop up whatever rights you can if u still believe there is value in this company and wait lor. Wait for Kep Corp to makan SMM or for Crude oil to go back to $60 - $80. Tmr will have alot of analyst and gurus giving strategy liao 😂 just wait la. Anyway EGM will be in end Aug/Early Sep.

 

Unhalt already?

 

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) 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? :(

 

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)

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? :(

 

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? :( 

 

With all these uncertainty , it will benefit day Traders who seek to pick a quick buck with the volatility coming up next.

 

I borrowed money from my ex-gf Angel for this, she is going to be angry

phyllisng      ( Date: 08-Jun-2020 19:17) Posted: i' m holding some SMM at $1.72 too and dont know wat to do... if the share price managed to stable down at around $0.60 +/- when the halt is over and  based on ur calculation, if i oso buy the rights and average down my shares to abt 40 cents +/- per share, actually didnt lose $ right... haha... i tink i painted the picture too nicely right.... the price stable at ard 60 cents.. haha  skyearth_22      ( Date: 08-Jun-2020 17:45) Posted: Means u will lose big time lor.... your per share at S$1.50. If you exercise your rights 1 Share you can buy 5 Shares at S$0.20 each. You sub all the 665000shares + your existing 133000 share = 798,000shares @S$0.416/share (Your avg down price) If you dont sub then you will be holding per share at S$1.50, which is at least a lost of S$1 per share...... 133000x5=665000 shares at S$0.20=S$133,000 Plus ur current 133000xS$1.50=S$199,500 S$199,500+S$133,000=S$332,500 / 798000shares = S$0.416/share But Dyodd, Any Gurus can give a better advice

 

Shortist fav tmrw....show time

happyharvest      ( Date: 08-Jun-2020 19:02) Posted: after XR will drop? usually for SGX stock, price will drop below right price after XR. moron101      ( Date: 08-Jun-2020 18:36) Posted: Tomorrow is CR. how can it be?

 

i' m holding some SMM at $1.72 too and dont know wat to do...
if the share price managed to stable down at around $0.60 +/- when the halt is over and 
based on ur calculation, if i oso buy the rights and average down my shares to abt 40 cents +/- per share, actually didnt lose $ right... haha...

i tink i painted the picture too nicely right.... the price stable at ard 60 cents.. haha 

skyearth_22      ( Date: 08-Jun-2020 17:45) Posted: Means u will lose big time lor.... your per share at S$1.50. If you exercise your rights 1 Share you can buy 5 Shares at S$0.20 each. You sub all the 665000shares + your existing 133000 share = 798,000shares @S$0.416/share (Your avg down price) If you dont sub then you will be holding per share at S$1.50, which is at least a lost of S$1 per share...... 133000x5=665000 shares at S$0.20=S$133,000 Plus ur current 133000xS$1.50=S$199,500 S$199,500+S$133,000=S$332,500 / 798000shares = S$0.416/share But Dyodd, Any Gurus can give a better advice? deviljin      ( Date: 08-Jun-2020 17:24) Posted: What happens if I choose not to buy those rights? Currently holding about 133,000 shares (133 Lots) at $1.50 Urgently need advise please

 

I am not sure about this.

But say we do not have sufficient $$ for the rights. can we partially some and partially subsribe to some?

Thanks

 

Assuming 1 share still $0.70

rights price = ($0.70+$1.00)/6 = $0.283 each
5 rights = $0.42
1 share = $0.70 - $0.42 = $0.28

michaeltan      ( Date: 08-Jun-2020 19:13) Posted: Assuming 1 share still $0.70 rights price = ($0.70-$1.00)/6 = $0.28 each 5 rights = $0.42 1 share = $0.70 - $0.42 = $0.28 allanzzz      ( Date: 08-Jun-2020 18:27) Posted: Assuming 1 share still $0.70 rights price = ($0.70-$0.20)/6 = $0.083 each 5 rights = $0.42 1 share = $0.70 - $0.42 = $0.28

 

Yeah that' s right.

I just wonder if that would be more beneficial to shareholders vs the rights issue

UncleBobby      ( Date: 08-Jun-2020 19:05) Posted: Are u referring to the " White Wash Waiver" ? My understand is that legally Temasek would be obligated to offer a Take Over of Sembmarine if their increased ownership via the rights underwritten cross 30 percents but now the shareholders has to forgo that requirement in order for the whole rights issue to happen  in any case , i am certain this complicated restructuring together with temasek plan to take control of kep corp are just steps toward merging both entities .  after completion , Temasek will hold > 30 percents of Sembmarine , More if existing shareholder does not exercise their rights. Can imagine it is much easier for them to merge sembmarine into kepcorp for synergy , stocknewbie      ( Date: 08-Jun-2020 18:44) Posted: hey guys i noticed one detail which is not shouted out much in the news coverage. There is something that says if Temasek makes an offer to buy 30% directly, then the entire rights issue is off or take a different form?

 

Assuming 1 share still $0.70

rights price = ($0.70-$1.00)/6 = $0.28 each
5 rights = $0.42
1 share = $0.70 - $0.42 = $0.28

allanzzz      ( Date: 08-Jun-2020 18:27) Posted: Assuming 1 share still $0.70 rights price = ($0.70-$0.20)/6 = $0.083 each 5 rights = $0.42 1 share = $0.70 - $0.42 = $0.28

 

If not enough cash to exercise all the rights, you' ll have to (1) decide how much $ you have to exercise the rights and (2) sell the rights when its tradeable to cover some of your costs 

deviljin      ( Date: 08-Jun-2020 17:55) Posted: Thank you Skyearth_22 But if I have no more funds to buy those rights, what can I do? I only left with emergency fund of 6 months :( any advise is greatly appreciated skyearth_22      ( Date: 08-Jun-2020 17:45) Posted: Means u will lose big time lor.... your per share at S$1.50. If you exercise your rights 1 Share you can buy 5 Shares at S$0.20 each. You sub all the 665000shares + your existing 133000 share = 798,000shares @S$0.416/share (Your avg down price) If you dont sub then you will be holding per share at S$1.50, which is at least a lost of S$1 per share...... 133000x5=665000 shares at S$0.20=S$133,000 Plus ur current 133000xS$1.50=S$199,500 S$199,500+S$133,000=S$332,500 / 798000shares = S$0.416/share But Dyodd, Any Gurus can give a better advice

 

Are u referring to the " White Wash Waiver" ?

My understand is that legally Temasek would be obligated to offer a Take Over of Sembmarine if their increased ownership via the rights underwritten cross 30 percents but now the shareholders has to forgo that requirement in order for the whole rights issue to happen 

in any case , i am certain this complicated restructuring together with temasek plan to take control of kep corp are just steps toward merging both entities . 

after completion , Temasek will hold > 30 percents of Sembmarine , More if existing shareholder does not exercise their rights.

Can imagine it is much easier for them to merge sembmarine into kepcorp for synergy ,

stocknewbie      ( Date: 08-Jun-2020 18:44) Posted: hey guys i noticed one detail which is not shouted out much in the news coverage. There is something that says if Temasek makes an offer to buy 30% directly, then the entire rights issue is off or take a different form?

 

after XR will drop? usually for SGX stock, price will drop below right price after XR.

moron101      ( Date: 08-Jun-2020 18:36) Posted: Tomorrow is CR. how can it be? happyharvest      ( Date: 08-Jun-2020 18:34) Posted: gone case . tmr will drop to 0.2 cents?

 

SMM original #shares 2.1 bio
Rights of  5-1 will issue another 10.5 bio shares ( total proceeds $2.1 bio at 20 cents )
Total shares after rights is 12.6 bio
Net asset value  SMM after rights is $4  bio
Net Asset value of SMM per share is 31.74 cents                                    DYHW

 

hey guys i noticed one detail which is not shouted out much in the news coverage.

There is something that says if Temasek makes an offer to buy 30% directly, then the entire rights issue is off or take a different form?