Seatrium    Last:0.091   -

Sembmarine

Hi UncleBobby,

Say this prediction comes through - Keppel Corp merges with SMM - and SMM is delisted from SGX, how will it affect shareholders of SMM? Will they be offered a premium for existing holdings?

I' m considering if it works out for shareholders to purchase SMM shares now and await for the possible merger (and of course the possible gamble that the O& G industry will recover in the short-term).

UncleBobby      ( Date: 08-Jun-2020 15:18) Posted: We must see the bigger picture with a slightly longer horizon The whole point of this exercise must be taken in context than sembmarine is separately cleanly from sembcorp Temasek has taken control of Kep Corp previously Sembmarine is spore strategic asset and it will do the country good to combine both sembmarine and kepcorp With this exercise , i wld think it?s easier for temasek to merge the new standalone sembmarine w kepcorp at a later date Just my two cents Temasek is not a pure Private Ltd . It often has to do national service So I am not looking to sell my sembmarine at a cheap now among all this panic but looking forward to temasek delisting sembmarine in the future

 

Sembcorp Marine had S$4.40b of debt, at December 2019, which is about the same the year before. However, because it has a cash reserve of S$405.1m, its net debt is less, at about S$4.00b.



According to the last reported balance sheet, Sembcorp Marine had liabilities of S$2.87b due within 12 months, and liabilities of S$3.38b due beyond 12 months. Offsetting these obligations, it had cash of S$405.1m as well as receivables valued at S$1.96b due within 12 months. So it has liabilities totalling S$3.89b more than its cash and near-term receivables, combined.

The deficiency here weighs heavily on the S$2.51b company itself. Shareholders need to watch this one closely. 

 

Buy SIA Rights still can see visibility . Buy SembMarine's, not sure when can return profitability? It hay days are over.

 

Right is not applicable to Foreign Shareholders.

 

I post many times regarding the trading style of this counter ...
the typical pump and dump , happen so many times but ppl still buy into it ..
the ex right price is less than half the current price ..scary
 

 

SINGAPORE - Loss-making shipyard group Sembcorp Marine (SembMarine) stands to receive  a $2.1 billion recapitalisation through a proposed rights issue that will be backed by parent Sembcorp Industries (SCI) and Temasek Holdings.

They lost me at the first two words....Loss and making.... good luck to those vested....i would cut my losses....

 

any existing SH subscribing to the rights? 

 

SUPER DILLUTED.....SCARY....

 

Yah think this deal not so good for SMM - 5 for 1 rights issue is quite horrible. So those who do not want, will sell their SMM shares at market open.

Sgvale      ( Date: 08-Jun-2020 16:24) Posted: Many are expecting privatisation offer of at least $1.20. Instead now asking pple to pump more $$.

 

investors gonna get their cash cleaned off and as usual left holding the bag..... first SIA now this, does anyone start smelling a trend here....

HB8289      ( Date: 08-Jun-2020 16:29) Posted: Sembcorp Marine in plan to raise $2.1 billion with support from Temasek, demerge from parent 08 Jun 2020   SINGAPORE - Loss-making shipyard group  Sembcorp Marine  (SembMarine) stands to receive a $2.1 billion recapitalisation through a proposed rights issue that will be backed by parent  Sembcorp Industries  (SCI) and  Temasek Holdings.

 

wonder if it is worth it to exercise the rigtht if it goes thru. 

 

Sembcorp Marine in plan to raise $2.1 billion with support from Temasek, demerge from parent
08 Jun 2020
 

 

Many are expecting privatisation offer of at least $1.20. Instead now asking pple to pump more $$.

 

I have 30K of SMM, average price at $1.10 what should i do?

 

time to short agaon for this counter ..
really bad news ...buying sci is definitely better ..:)
 

 

Hi Guys
is it 5 SMM share for 1 SMM right at $o.20?

SembMarine will undertake a 5-for-1  rights issue at an issue price of 20 cents per share

 

 

sad case. Looks like it will hit circuit breaker tomorrow? expect to drop 10% or more tomorrow

 

In that situation, you left with no chocie but to just sell the allocated amount of rights during the right share trading week. Then you realize the Sembcorp Marine R is like 5 cents or 9 cents, you won' t take back much money either. Jia lat man....

jackjames      ( Date: 08-Jun-2020 15:19) Posted: For cash holdings, it' s fine, you can easily buy the rights shares. You will hit the problems if you buy using CPF OA account or SRS accounts. You will soon realize you do not have enough funds in the OA and SRS accounts to subsribe the rights shares and you lost out the opportunities to average down purely because you do not have allowable suffiient funds in that 2 accounts. Check yours.

 

Really it is rights. Time to sell no sane mind want to throw good money into cash trapped Co. Ezion,Ezra are good examples. Heng ah I have nil holding.Will only look at it much later down the road if the outlook improves.

 

For cash holdings, it' s fine, you can easily buy the rights shares.

You will hit the problems if you buy using CPF OA account or SRS accounts.
You will soon realize you do not have enough funds in the OA and SRS accounts to subsribe the rights shares and you lost out the opportunities to average down purely because you do not have allowable suffiient funds in that 2 accounts. Check yours.