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Sembmarine

quite unlikely unless oil crashes below 0 again

Justrying      ( Date: 08-Jun-2020 15:17) Posted: terrible, meaning you think eventually price of price will go lower than 20cent? PEWVAW      ( Date: 08-Jun-2020 15:13) Posted: Bursa listed Sapnrg had a massive rights issue that saw mother share price close significantly below rights exercise cost Alas PNB came in to save the day A difference here is PNB (i.e. Msia Govt) is effectively buying Sapnrg In the current case, Sg Govt is effectively selling SM

 

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

 

terrible, meaning you think eventually price of price will go lower than 20cent?

PEWVAW      ( Date: 08-Jun-2020 15:13) Posted: Bursa listed Sapnrg had a massive rights issue that saw mother share price close significantly below rights exercise cost Alas PNB came in to save the day A difference here is PNB (i.e. Msia Govt) is effectively buying Sapnrg In the current case, Sg Govt is effectively selling SMM Justrying      ( Date: 08-Jun-2020 15:09) Posted: SCI holder will get around 4.2 lot if they hold 1 lot, if price of smm eventually @20 cent , they get $840 for nothing?  Either SCI price will drop to balance out of the price or SCM eventually will fall below 0.20?  But to fall below offering of 20cent , not quite possible?? Am i right?

 

Is Sci giving out SMM shares pre or post right?

PEWVAW      ( Date: 08-Jun-2020 15:10) Posted: True...then that will be a big slap on Ah Gong' s face. 600M bal. also no one subscribe. They made it so cheap so dilutive to avoid that This kind of RI kills existing SMM shareholders like us but it' s not that bad a deal for incoming shareholders to take a stake. They could possibly get rights at 1c or even half cent and be new SMM shareholders at 21c. Fact that Temasek/SCI refuse to inject even 1 more cent to SMM is certainly no good for confidence in SMM nngeeh      ( Date: 08-Jun-2020 15:05) Posted: Temasek might still need to inject fund if there is insufficient takeup and will sub-underwrite the balance of S$0.6 billion

 

You' re in an envious position lol congrats

huatman      ( Date: 08-Jun-2020 15:11) Posted: since i have no shares in smm, i will buy from open mkt the nil paid rights and plus 20 cts to convert to smm mother shares

 

i can see more and more glcs asking cash from the general public

in this kind of situation, all are cash strapped and not only the glcs man

the next glc to ask for cash is ______________

 

Bursa listed Sapnrg had a massive rights issue that saw mother share price close significantly below rights exercise cost

Alas PNB came in to save the day

A difference here is PNB (i.e. Msia Govt) is effectively buying Sapnrg

In the current case, Sg Govt is effectively selling SMM

Justrying      ( Date: 08-Jun-2020 15:09) Posted: SCI holder will get around 4.2 lot if they hold 1 lot, if price of smm eventually @20 cent , they get $840 for nothing?  Either SCI price will drop to balance out of the price or SCM eventually will fall below 0.20?  But to fall below offering of 20cent , not quite possible?? Am i right?

 

ah kong cannot help all glc companies la

in 2008 the great financial crisis, even DBS needed to raise cash.

dunt talk about small fry like smm

PEWVAW      ( Date: 08-Jun-2020 15:10) Posted: True...then that will be a big slap on Ah Gong' s face. 600M bal. also no one subscribe. They made it so cheap so dilutive to avoid that This kind of RI kills existing SMM shareholders like us but it' s not that bad a deal for incoming shareholders to take a stake. They could possibly get rights at 1c or even half cent and be new SMM shareholders at 21c. Fact that Temasek/SCI refuse to inject even 1 more cent to SMM is certainly no good for confidence in SMM nngeeh      ( Date: 08-Jun-2020 15:05) Posted: Temasek might still need to inject fund if there is insufficient takeup and will sub-underwrite the balance of S$0.6 billion

 

since i have no shares in smm, i will buy from open mkt the nil paid rights and plus 20 cts to convert to smm mother shares

 

True...then that will be a big slap on Ah Gong' s face. 600M bal. also no one subscribe. They made it so cheap so dilutive to avoid that

This kind of RI kills existing SMM shareholders like us but it' s not that bad a deal for incoming shareholders to take a stake. They could possibly get rights at 1c or even half cent and be new SMM shareholders at 21c.

Fact that Temasek/SCI refuse to inject even 1 more cent to SMM is certainly no good for confidence in SMM

nngeeh      ( Date: 08-Jun-2020 15:05) Posted: Temasek might still need to inject fund if there is insufficient takeup and will sub-underwrite the balance of S$0.6 billion. PEWVAW      ( Date: 08-Jun-2020 15:00) Posted: It' s noteworthy SCI/Temasek is not coming out with a single cent more. SCI is doing this entirely by setting off debts

 

Looks like the trend now is for troubled companies to issue rights to shareholders for funding.

 

one more thing, prior to the trading of rights, there will be a 1 week window period for nil paid rights to trade on sgx

if u so decide to forego the rights issue, u can sell away the nil paid rights in the mkt

conversely if u r sanguine abt the future of smm, u can buy more of the nil paid rights from the mkt and convert it to mother shares

or u can pay for rights issue that time, apply for excess rights

hope this clarifies the entire rights process

Hello12345      ( Date: 08-Jun-2020 14:58) Posted: Hi a newbie here, would like to ask some questions. Does this mean we will need to subscribe to the rights at 20 cents each, no matter what? So if I have 1000 SM shares now, I will need to pay $0.20 x 5 x 1000 = $1000, and in the end I will have 1000 + 5000 = 6000 SM shares? And if the new price is $0.30, my investment in SM will be $0.30 x 6000 = $1800?  Is it likely that the new price is $0.30?

 

SCI holder will get around 4.2 lot if they hold 1 lot, if price of smm eventually @20 cent , they get $840 for nothing? 

Either SCI price will drop to balance out of the price or SCM eventually will fall below 0.20? 

But to fall below offering of 20cent , not quite possible??

Am i right?

 

Don't understand this.. Can explain more? I'm holding 15 lots.. So what should I do? Never do right before..

PEWVAW      ( Date: 08-Jun-2020 15:06) Posted: You can then sell your rights Exercise price is 20c E.g. SMM trades at 25c and rights have no premium/discount each right is worth 5c (buyer buys at 5c, pay 20c rights cost = 25c, no premium/discount to rights) alfredx      ( Date: 08-Jun-2020 15:03) Posted: What if I don't want to purchase the right?

 

You can then sell your rights

Exercise price is 20c

E.g. SMM trades at 25c and rights have no premium/discount each right is worth 5c (buyer buys at 5c, pay 20c rights cost = 25c, no premium/discount to rights)

alfredx      ( Date: 08-Jun-2020 15:03) Posted: What if I don't want to purchase the right? huatman      ( Date: 08-Jun-2020 15:02) Posted: obviously rights issue must fork out real cash to buy la for every smm share u hold they will give u 5 additional shares at 20 cts eact meaning if u got 1000 smm, u will need to fork out additional 1k for ur 5k right

 

Jump over to buy sembcorp industries instead

 

Temasek might still need to inject fund if there is insufficient takeup and will sub-underwrite the balance of S$0.6 billion.

PEWVAW      ( Date: 08-Jun-2020 15:00) Posted: It' s noteworthy SCI/Temasek is not coming out with a single cent more. SCI is doing this entirely by setting off debts

 

anybody any sentiments on this ? 

currently holding 10 lot @1.50 omg 

TP : 30cent??

 

if u want the share u need to subscribe
rights auto given

Justrying      ( Date: 08-Jun-2020 15:03) Posted: hi guys, never gone thru rights issue.  anybody knows do shareholder have to subscribe or auto inclusion?

 

ex therothethic price for smm is  (5*0.2)+0.85 (last done price b4 halt)/6 approx 30.8 cts

most probably wont reach tt level, maybe around 40 cts can consider buying liao

Hello12345      ( Date: 08-Jun-2020 14:58) Posted: Hi a newbie here, would like to ask some questions. Does this mean we will need to subscribe to the rights at 20 cents each, no matter what? So if I have 1000 SM shares now, I will need to pay $0.20 x 5 x 1000 = $1000, and in the end I will have 1000 + 5000 = 6000 SM shares? And if the new price is $0.30, my investment in SM will be $0.30 x 6000 = $1800?  Is it likely that the new price is $0.30?