Seatrium
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SEMBMARINE - A NEW CHAPTER - DEMERGED
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9201-9220 of 9396
from today' s trade summary is does show the pressure of selling down is subsiding. again we cannot confirm until the end of the day
look the pressure in the selldown is still holding.
watch, watch, watch
Temasek Holdings Pte. Ltd. Sovereign Wealth Fund
09 Mar 2020
60.8838%
1,274,271,521
218ehclim ( Date: 15-Sep-2020 09:24) Posted:
TH owns 42.82% of SCM post right.
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. |
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adl indicator is signaling a reversal
Sembmarine slips 0.6% in second consecutive day of heavy trading
Most traded stock by volume on Monday with 202.4m shares changing hands
SHARES in Sembcorp Marine (SMM) were actively traded on Monday as the offshore and marine (O& M) engineering group completed its S$2.1 billion recapitalisation exercise.
The counter hit an intra-day low of 15.7 Singapore cents on Monday, before recovering to finish at 16.2 cents by the closing bell, down 0.6 per cent or 0.1 cent. Some 202.4 million shares changed hands, making it the most heavily traded stock by volume on the Singapore bourse for the day.
This comes after SMM shares shed 10.4 per cent or 1.9 Singapore cents to close at 16.3 cents last Friday, with some 237.7 million shares traded.
Shareholders of Sembcorp Industries (SCI) would have received SMM shares on Friday morning last week, as part of a demerger of the two companies.
Travis Lundy of Quiddity Advisors, who publishes on Smart-karma, told The Business Times (BT) on Monday: " Some (investors) perhaps are only getting around to it (on Monday), or perhaps they thought they would wait and see.
" As it is, SMM is still going through a very tough year in what was already a very tough business. It is slightly better capitalised than before, but long-suffering investors are still wondering when and whether profit will come back. The problem here is that a large portion of SMM is now held by people who did not explicitly choose to own it."
Similarly, Adrian Loh from UOB Kay Hian told BT that the heavy volume was expected as each SCI shareholder received 4,911 SMM shares for every 1000 SCI shares they owned. " With the O& M industry unlikely to show any signs of recovery in the next 12 to 18 months, in our view, these SCI investors might not want to hold onto their SMM shares, which explains the high trading volume."
SMM' s two-stage corporate exercise involving SCI and Temasek was completed last week. Under the deal, SMM raised some S$2.1 billion through a five-for-one rights issue of new shares priced at S$0.20 each. SCI and SMM then demerged, through a distribution in-specie of SCI' s stake in the recapitalised SMM.
Terence Chua, PhillipCapital' s senior research analyst, told BT on Monday that the recent pressure on the stock is due to " too huge a supply and not enough demand to soak this up" .
He added that the activity could be a reflection of market sentiment and a lack of confidence. Given an uncertain outlook, PhillipCapital does not have a rating for SMM. That said, Mr Chua noted that those who are entering the market now could be " bargain hunting" if they see a certain value.
Another broker BT spoke to also noted the recent " tsunami of selling" , though he added that Sembmarine seems to be bidding for contracts and that green offshore energy projects could be a bright spot for the company.
TH owns 42.82% of SCM post right.
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. |
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scm has been the top 1 volume ... scary the volume
desmodeus ( Date: 15-Sep-2020 09:04) Posted:
$2b market cap |
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why not fast hand fast leg, just merge with keppel now? use the advantage of the crisis, afterall, many hired are non locals...... what u think of the performance of this short in the next 3 months?
$2b market cap
OMG !!! whack up by the millions
Haha ....just thking out loud ....w 20% float in the market ...its so easy to make a general offer for all of SMM ( privatise it)
or better merge it w Kep OM......just 25c wld be very happy for many lol
Dyodd
lailai ( Date: 15-Sep-2020 08:50) Posted:
Yes, Fullerton F is a wholly-owned subs of TH, so alrdy accounted for liao.
FATABA ( Date: 15-Sep-2020 08:42) Posted:
I thk Fullerton fund also announced that they own up to 8% if not wrong .
Also note that they all own it at 20c ......are they or other funds accumulating more ? They must be a bb behind the daily 200M volume sold
Dyod |
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i think no need 1 mth, maybe weeks may hit 18cts above, just my humble opinion.
Shifu8888 ( Date: 15-Sep-2020 07:59) Posted:
| Watch it one month later, I am confident this will be easily 18 and above. |
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Yes, Fullerton F is a wholly-owned subs of TH, so alrdy accounted for liao.
FATABA ( Date: 15-Sep-2020 08:42) Posted:
I thk Fullerton fund also announced that they own up to 8% if not wrong .
Also note that they all own it at 20c ......are they or other funds accumulating more ? They must be a bb behind the daily 200M volume sold
Dyodd
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. |
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I thk Fullerton fund also announced that they own up to 8% if not wrong .
Also note that they all own it at 20c ......are they or other funds accumulating more ? They must be a bb behind the daily 200M volume sold
Dyodd
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. |
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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.
Watch it one month later, I am confident this will be easily 18 and above.
Anyone know using SRS account to buy SCI before CE early this month entitled to SMM?
Until now, my SRS account yet to be credited😭
today can see the start of the recovery of SCM. looks like most scm SH are quite savvy and they know the worst for scm may be over and that TH will show its plans for scm. taking a majority stake in scm and not have plans is a non option for TH
simpleguy123 ( Date: 15-Sep-2020 00:03) Posted:
I know right... Even if the tigress is up to something, her pride will cause her to show the hand.
For her and the T Gang to be losing " face" for this amount sounds too good to be true lol
The question is: which players will be caught on the wrong side of the game with her when she finally wins.
Longtermer ( Date: 14-Sep-2020 18:09) Posted:
Haha, this i agree..
Really sia suay to stay below 20c for too long..
But i choose to believe there are more to it.. that Tiger lady will show hand soon.
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I know right... Even if the tigress is up to something, her pride will cause her to show the hand.
For her and the T Gang to be losing " face" for this amount sounds too good to be true lol
The question is: which players will be caught on the wrong side of the game with her when she finally wins.
Longtermer ( Date: 14-Sep-2020 18:09) Posted:
Haha, this i agree..
Really sia suay to stay below 20c for too long..
But i choose to believe there are more to it.. that Tiger lady will show hand soon.
simpleguy123 ( Date: 14-Sep-2020 17:51) Posted:
| The tiger lady owning a penny stock company is embarrasing imh |
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Sembcorp Marine 13468300 SGD 2172005.3
13.5 million short sell at S2,172k at average price $0.161 today. Good luck to those short sell at such price and ready to cough out money to make good the short position.
ADS2200 ( Date: 14-Sep-2020 20:48) Posted:
today' s trade summary
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0.157
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72
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800,200
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800,200
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0
|
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0.158
|
862
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16,957,800
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10,425,000
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6,532,800
|
|
0.159
|
1,229
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23,423,900
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12,874,600
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9,523,000
|
|
0.160
|
840
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24,497,700
|
9,345,100
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15,152,600
|
|
0.161
|
841
|
23,748,200
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10,447,500
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13,300,700
|
|
0.162
|
3,213
|
46,715,500
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24,255,400
|
17,039,400
|
|
0.163
|
912
|
18,594,600
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7,831,000
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10,763,600
|
|
0.164
|
738
|
14,674,600
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6,469,500
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8,205,100
|
|
0.165
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1,129
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28,056,900
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13,267,400
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14,789,500
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0.166
|
172
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4,004,200
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1,284,100
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2,720,100
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0.167
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51
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928,900
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0
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928,900
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|
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TOTALS:
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10,059
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202,402,500
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96,999,800
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98,955,700
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