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SEMBMARINE - A NEW CHAPTER - DEMERGED

Yes, Kep Corp is up 9c, 2% in 30mins

danger      ( Date: 16-Sep-2020 09:30) Posted: SOMETHING IS BREWING IN KEPPEL CORP PERHAPS A NEW TAKEOVER OFFER OR MERGER LAI LIAO

 

SOMETHING IS BREWING IN KEPPEL CORP

PERHAPS A NEW TAKEOVER OFFER OR MERGER LAI LIAO

 

Target 0.170 today. huat 🎯 🎯 🎯

 

Lai Liao. Need to clear 167/168 convincingly to show clear signs of reversal. Hope third time lucky for this counter.

 

Thanks , I think yr number is better :) 

better      ( Date: 16-Sep-2020 01:03) Posted: Just to correct some mis-information. Temasek owns about 42.6% of SCM after teh rights issue.  The 70+% deemed interest is old data, before SCI distributed its SCM shares to shareholders. Technically speaking, based on Singapore' s law, Temasek can buy more SCM' s shares from open market up to 49.9%. Crossing the 50% mark will trigger a mandatory general offer by Temasek which is likely why Temasek owns 49.9% of Sembcorp.

 

my view is that they might rather just merge keppel and scm rather then going thru another step to combine the shares

TigerPlay      ( Date: 16-Sep-2020 08:29) Posted: i believe many of us former/current SCi holder own alot of SCm. my big worry is after giving 1 to 5 SCm for current holder, resulting in SCm become a penny stock, they may merge back 6 into 1. Usually, this will initially multiply the share price to or close to 6 times the current price. But,i once experience something like this and the merged share drop very fast in price to almost b4 merge. i hope this will not happen soon or happen at all. Wat you sifu think ? possible move?

 

i believe many of us former/current SCi holder own alot of SCm. my big worry is after giving 1 to 5 SCm for current holder, resulting in SCm become a penny stock, they may merge back 6 into 1. Usually, this will initially multiply the share price to or close to 6 times the current price. But,i once experience something like this and the merged share drop very fast in price to almost b4 merge. i hope this will not happen soon or happen at all. Wat you sifu think ? possible move?

 

Just to correct some mis-information. Temasek owns about 42.6% of SCM after teh rights issue. 

The 70+% deemed interest is old data, before SCI distributed its SCM shares to shareholders.

Technically speaking, based on Singapore' s law, Temasek can buy more SCM' s shares from open market up to 49.9%. Crossing the 50% mark will trigger a mandatory general offer by Temasek which is likely why Temasek owns 49.9% of Sembcorp.

 

plausible solution for the merger of smc and keppel o& m. ultimately to unlocked value and merge to be more attractive. thanks for all the good sharing

Sembmarine carve-out should make Sembcorp attractive versus peers

SgTrader17      ( Date: 15-Sep-2020 23:12) Posted: Everyone says will be SCM buying over KC Marine unit after Temasek pull out of the deal for KC. But, I think there's every possible for Temasek to come out with a 2nd offer, for Keppel Corp or maybe buy over KC Marine unit. Even possible another demerger plan in Keppel Corp and then make an offer using KC Marine unit to take over SCM. All options still possible. The end deal, in my own opinions, due to the current market situation, a merger for SCM and KC Marine unit is unavoidable. Be it saving costs or combine of technology etc. It gives benefits for both to survive in the long term. My two sense and sharing. Login20      ( Date: 15-Sep-2020 22:42) Posted: Wondering if this is logical? Just base on lay man thinking, do not take offend if statements is wrong. Assuming TH has 70% of SCM which some have claimed TH is: 1.)  12,555,229,000 x 0.7 = 8,788,660,300 shares 2.)    8,788,660,300 shares x $0.163 (today share price) = $1,432,551,629 = $1.432b 3.) Paper lost from NAV $0.3246 =    8,788,660,300 shares x $0.1616 (NAV - today share price) = $1.42b Assuming TH to privatise SCM for the next 30% 1.)    12,555,229,000 shares x 0.3 =    3,766,568,700 shares 2.)  3,766,568,700  shares at NAV $0.3246 = $1,222,628,200.02 = $1.22b Spending another $1.22b to gain 100% SCM control, yet able to recover the paper lost of $1.42b from SCM NAV (without the supply and demand issue from SGX equity). Besides if it will to merge SCM with KC in TH leadership as most used to say, 3 cooks might spoil the soup, to privatise SCM 100% in TH control, leaving with only 2 parties TH and KC in the picture might sound easiler. Again, to privatise SCM, might save many other costs which we can' t imagine. Again, how SCM will to merge with KC like some suggest shares swab, buy over, but SCM only left with about NAV $4b, same amount that TH was suppose to buy over KC Marine if not wrong. So what is TH next move? Everybody is waiting. DYODD.

 

certainly it is a smart move by temasek. the rights exercise which is very successful because ultimately it is 100%. sci $1.5b while the other $0.6b or $600m either from scm shareholders or from temasek. since 90.2% are taken, the remaining 9.8% is by temasek which is app $200m
it could be a combi of privatisation of scm and the demerger of keppel o& m from keppel corp.  there are various permutations. whatever it maybe,  temasek has accomplished their goal. the creation of two focused companies. i like what ben paul' s article, title " How Temasek unlocked value at Sembcorp"

if scm is a value stock, the price will rise " unlocked value" . this news just released, this is not the end but just the beginning 

SEMBCORP Industries has signed a multi-year renewable energy deal to provide a total energy solution to tech giant Google, with a focus on locally-sourced renewable power to support Google Singapore' s operations.

The deal is part of Google' s goal for its data centres to run entirely on carbon-free electricity by 2030, it said in a press  statement on Tuesday. It added that the Sembcorp deal is its first renewable energy deal in South-east Asia.

The deal includes energy generated from  rooftop solar installations of close to 500 public housing flats. Under a collaboration with Sembcorp' s power retail arm, Sembcorp Power, and its solar development arm, Sembcorp Solar, the solar power generated from the rooftop installations will go directly into the electricity supply of Google operations, the tech company said.



 

Login20      ( Date: 15-Sep-2020 22:42) Posted: Wondering if this is logical? Just base on lay man thinking, do not take offend if statements is wrong. Assuming TH has 70% of SCM which some have claimed TH is: 1.)  12,555,229,000 x 0.7 = 8,788,660,300 shares 2.)    8,788,660,300 shares x $0.163 (today share price) = $1,432,551,629 = $1.432b 3.) Paper lost from NAV $0.3246 =    8,788,660,300 shares x $0.1616 (NAV - today share price) = $1.42b Assuming TH to privatise SCM for the next 30% 1.)    12,555,229,000 shares x 0.3 =    3,766,568,700 shares 2.)  3,766,568,700  shares at NAV $0.3246 = $1,222,628,200.02 = $1.22b Spending another $1.22b to gain 100% SCM control, yet able to recover the paper lost of $1.42b from SCM NAV (without the supply and demand issue from SGX equity). Besides if it will to merge SCM with KC in TH leadership as most used to say, 3 cooks might spoil the soup, to privatise SCM 100% in TH control, leaving with only 2 parties TH and KC in the picture might sound easiler. Again, to privatise SCM, might save many other costs which we can' t imagine. Again, how SCM will to merge with KC like some suggest shares swab, buy over, but SCM only left with about NAV $4b, same amount that TH was suppose to buy over KC Marine if not wrong. So what is TH next move? Everybody is waiting. DYODD.

 

Everyone says will be SCM buying over KC Marine unit after Temasek pull out of the deal for KC. But, I think there's every possible for Temasek to come out with a 2nd offer, for Keppel Corp or maybe buy over KC Marine unit. Even possible another demerger plan in Keppel Corp and then make an offer using KC Marine unit to take over SCM. All options still possible. The end deal, in my own opinions, due to the current market situation, a merger for SCM and KC Marine unit is unavoidable. Be it saving costs or combine of technology etc. It gives benefits for both to survive in the long term. My two sense and sharing.

Login20      ( Date: 15-Sep-2020 22:42) Posted: Wondering if this is logical? Just base on lay man thinking, do not take offend if statements is wrong. Assuming TH has 70% of SCM which some have claimed TH is: 1.)  12,555,229,000 x 0.7 = 8,788,660,300 shares 2.)    8,788,660,300 shares x $0.163 (today share price) = $1,432,551,629 = $1.432b 3.) Paper lost from NAV $0.3246 =    8,788,660,300 shares x $0.1616 (NAV - today share price) = $1.42b Assuming TH to privatise SCM for the next 30% 1.)    12,555,229,000 shares x 0.3 =    3,766,568,700 shares 2.)  3,766,568,700  shares at NAV $0.3246 = $1,222,628,200.02 = $1.22b Spending another $1.22b to gain 100% SCM control, yet able to recover the paper lost of $1.42b from SCM NAV (without the supply and demand issue from SGX equity). Besides if it will to merge SCM with KC in TH leadership as most used to say, 3 cooks might spoil the soup, to privatise SCM 100% in TH control, leaving with only 2 parties TH and KC in the picture might sound easiler. Again, to privatise SCM, might save many other costs which we can' t imagine. Again, how SCM will to merge with KC like some suggest shares swab, buy over, but SCM only left with about NAV $4b, same amount that TH was suppose to buy over KC Marine if not wrong. So what is TH next move? Everybody is waiting. DYODD.

 

The total asset values of Kep O and Marine worth about 2.5B ( BV)  . SML can issue shares to swap with KC ? But SML must consolidate its share first , like 50 to one share etc etc ...

 

Wondering if this is logical? Just base on lay man thinking, do not take offend if statements is wrong.

Assuming TH has 70% of SCM which some have claimed TH is:
1.)  12,555,229,000 x 0.7 = 8,788,660,300 shares
2.)    8,788,660,300 shares x $0.163 (today share price) = $1,432,551,629 = $1.432b
3.) Paper lost from NAV $0.3246 =    8,788,660,300 shares x $0.1616 (NAV - today share price) = $1.42b

Assuming TH to privatise SCM for the next 30%
1.)    12,555,229,000 shares x 0.3 =    3,766,568,700 shares
2.)  3,766,568,700  shares at NAV $0.3246 = $1,222,628,200.02 = $1.22b

Spending another $1.22b to gain 100% SCM control, yet able to recover the paper lost of $1.42b from SCM NAV (without the supply and demand issue from SGX equity).
Besides if it will to merge SCM with KC in TH leadership as most used to say, 3 cooks might spoil the soup, to privatise SCM 100% in TH control, leaving with only 2 parties TH and KC in the picture might sound easiler.
Again, to privatise SCM, might save many other costs which we can' t imagine.
Again, how SCM will to merge with KC like some suggest shares swab, buy over, but SCM only left with about NAV $4b, same amount that TH was suppose to buy over KC Marine if not wrong.

So what is TH next move? Everybody is waiting. DYODD.

 

The directors applied for the rights at $0.20. Now the price is $0.163. Per 10,000 shares is a loss of $370. 18.5% loss of value in just days. So, mgt kept asking everyone to support the rights issues with reasons good for the company and its future going forward. Directors also took the leap. What will be the outcome eventually? Who will be the winners? Longists or shortists? Will the directors get their money back? Lol. Time will tell the outcome and declare the winners.

 

yes, indeed. the short sell volume came down drastically 5,480,700 value @ $890,736.80 (0.1625) from 23,678,900 value @ $3,966,727.80 ($0.167)
 

ADS2200      ( Date: 15-Sep-2020 15:40) Posted: danger, 600 million shares. almost reaching the bottom. temasek is holding 78.08% plus all the directors and key persons. what is left in the pool is about 10-12% plus the loan shares past few days have been a massive accumulation. yesterday volume was 202,117,900. mkt almost close and the volume is only 95,000,000..half of yesterday  i think the short sellers are winding down. if continue selling .... jialat ​ it is always a matter of patience. watch and follow imho

 

Yes, SCM is cheap now

SgTrader17      ( Date: 15-Sep-2020 19:11) Posted: Support on KC. Too cheap to ignore. After the Temasek puu out was $4.80. Now only less than $4.20. KC has Kep REIT also and properties business. Not just O&G. These ppl pushing down are really good. We call them Guru or legendary but they are those that earns from the retail investors that fear and sold out. Lol. Dyodd. Goldfinger      ( Date: 15-Sep-2020 18:28) Posted: Quite obvious to me that Temasek is going to continue supporting all the GLC and Temasek owned entities on SGX. As these shares rise in value, so does Temasek' s investment performance. This is not rocket science.  Next one I expect is Keppel Corporation

 

Lets wait for TH to execute plan two which will see a more focused kepcorp away from o&g and merge with smm to form a lean and formidable giant

SgTrader17      ( Date: 15-Sep-2020 19:11) Posted: Support on KC. Too cheap to ignore. After the Temasek puu out was $4.80. Now only less than $4.20. KC has Kep REIT also and properties business. Not just O&G. These ppl pushing down are really good. We call them Guru or legendary but they are those that earns from the retail investors that fear and sold out. Lol. Dyodd. Goldfinger      ( Date: 15-Sep-2020 18:28) Posted: Quite obvious to me that Temasek is going to continue supporting all the GLC and Temasek owned entities on SGX. As these shares rise in value, so does Temasek' s investment performance. This is not rocket science.  Next one I expect is Keppel Corporation

 

Support on KC. Too cheap to ignore. After the Temasek puu out was $4.80. Now only less than $4.20. KC has Kep REIT also and properties business. Not just O&G. These ppl pushing down are really good. We call them Guru or legendary but they are those that earns from the retail investors that fear and sold out. Lol. Dyodd.

Goldfinger      ( Date: 15-Sep-2020 18:28) Posted: Quite obvious to me that Temasek is going to continue supporting all the GLC and Temasek owned entities on SGX. As these shares rise in value, so does Temasek' s investment performance. This is not rocket science.  Next one I expect is Keppel Corporation. ADS2200      ( Date: 15-Sep-2020 17:56) Posted: lailai, what is the news -  TH owns or hv deemed interest of 78.08%, or 9.803 billions sh

 

Quite obvious to me that Temasek is going to continue supporting all the GLC and Temasek owned entities on SGX. As these shares rise in value, so does Temasek' s investment performance.
This is not rocket science.  Next one I expect is Keppel Corporation.

ADS2200      ( Date: 15-Sep-2020 17:56) Posted: lailai, what is the news -  TH owns or hv deemed interest of 78.08%, or 9.803 billions sh  ? lailai      ( Date: 15-Sep-2020 08:26) Posted: Latest announcement this morn, shows TH owns or hv deemed interest of 78.08%, or 9.803 billions sh. With total issued shares of 12,555 billions, there would be 2,752 billn own by others, which would include other SSH, directors, etc etc. Think matter of time, more mopping by institutions, long term big investors, etc etc, and free float will be drastically reduced, esp with current cheap price dropped from 80+ cents ard beginning of year. Think stage is set for quicker recovery soon. just opinion.

 

lailai, what is the news -  TH owns or hv deemed interest of 78.08%, or 9.803 billions sh  ?

lailai      ( Date: 15-Sep-2020 08:26) Posted: Latest announcement this morn, shows TH owns or hv deemed interest of 78.08%, or 9.803 billions sh. With total issued shares of 12,555 billions, there would be 2,752 billn own by others, which would include other SSH, directors, etc etc. Think matter of time, more mopping by institutions, long term big investors, etc etc, and free float will be drastically reduced, esp with current cheap price dropped from 80+ cents ard beginning of year. Think stage is set for quicker recovery soon. just opinion.