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841-860 of 9522
maybe $0.6 +
I am quite confusing. Is it means SM will issue shares amounted to $2.1billion.
1.5 billion worth of shares to offset the loan from SCI.
0.6 billion cash inject by Temasek.
Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue
1.5 billion worth of shares to offset the loan from SCI.
0.6 billion cash inject by Temasek.
Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue
Huat1368 ( Date: 08-Jun-2020 18:17) Posted:
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Tomorrow is CR. how can it be?
happyharvest ( Date: 08-Jun-2020 18:34) Posted:
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gone case . tmr will drop to 0.2 cents?
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
rights price = ($0.70-$0.20)/6 = $0.083 each
5 rights = $0.42
1 share = $0.70 - $0.42 = $0.28
i think getting the rights is better. I also hv SMM as well apart from SCI.
deviljin ( Date: 08-Jun-2020 18:14) Posted:
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XR share price @ ($0.85+5(0.2))/6 = $0.30833?
Justice888 ( Date: 08-Jun-2020 18:00) Posted:
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I do not own any share for SCI :(
vivacious ( Date: 08-Jun-2020 18:00) Posted:
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Sell the shares on day before ex rights. Then buy back same no of shares the next day. Hope the price difference not big .
deviljin ( Date: 08-Jun-2020 17:55) Posted:
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that' s quite a lot of SM shares you are holding. Do you hold any SCI?
deviljin ( Date: 08-Jun-2020 17:24) Posted:
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The ratio is 5:1, you know how to calculate?
Can anybody answer how many more total shares of SMM will be increased in future?
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
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:
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May be can unload some and use the money to apply rights ..first thing in the morning..ask broker match low for u...at Ur acceptable price...and use the funds to buy rights plus excess of u still wan....
skyearth_22 ( Date: 08-Jun-2020 17:45) Posted:
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My understanding is to convert repayable loan to 1.5 billion to equities.
Balance sheet current to post rights conversion .
Debt become equity financing.
Price of SMM shld not crash ba.
Any experts out there?
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?
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:
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I?m no expert but we need to calm down and see what?s the intention behind all this corporate action
On first look , it looks like sembcorp has a good deal
But the way I see it , Sembcorp is not making lots of money in recent years
Yet it is writing down its Sembmarine debt and also distributing ? dividend ? in the form of sembmarine shares to its shareholders
I would speculate that this decision is forced upon them by temasek ( ie national service ) so as to achieve a clean merger with kepcorp at later ( which is the game plan and the whole idea of all these corporate action )
Just my two cents again
On first look , it looks like sembcorp has a good deal
But the way I see it , Sembcorp is not making lots of money in recent years
Yet it is writing down its Sembmarine debt and also distributing ? dividend ? in the form of sembmarine shares to its shareholders
I would speculate that this decision is forced upon them by temasek ( ie national service ) so as to achieve a clean merger with kepcorp at later ( which is the game plan and the whole idea of all these corporate action )
Just my two cents again
Don' t be tempted to sell cheap. For this kind of exercise, market makers will be deployed to shore up the share price. Besides, Temasek will be under-writing 600m worth of rights.
I believe this is the first step towards eventual delisting for a merger with Kep Corp. First demerge from SCI and make it a clean entity for future merger.
I believe this is the first step towards eventual delisting for a merger with Kep Corp. First demerge from SCI and make it a clean entity for future merger.
I am wondering whether the dilution means the number of shares for SMM will become 6 times more in future. If so, the future share price should be the current share price divided by 6 which is much lower than 20 cents.
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
Currently holding about 133,000 shares (133 Lots) at $1.50
Urgently need advise please