Seatrium
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SEMBMARINE - A NEW CHAPTER - DEMERGED
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9241-9260 of 9396
Quite alot of script return to cdp liow. 90m over of smm piling up at cdp
Goldfinger ( Date: 14-Sep-2020 15:21) Posted:
| Need to punish the wicked shortsellers. May they lose the money they borrow from " tai-yee-long" and lose their homes, haha. |
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morning start with 0.167 leh, now only hit 0.166 and struggling to past. Hope really panic buying later
Need to punish the wicked shortsellers. May they lose the money they borrow from " tai-yee-long" and lose their homes, haha.
KNN too fierce .. i am waiting for 15c ... now jialat
Return of the JEDI...
Huat ah! Panic buying ...
Sgvale ( Date: 14-Sep-2020 14:56) Posted:
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GREEN LIAO
Once turn green retailers will start withdrawing n q higher
danger ( Date: 14-Sep-2020 14:37) Posted:
think not yet over.. plus last week .. think so far not more than 400 million shares sold
need more BB to buy cheap at 15 to 16c first |
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think not yet over.. plus last week .. think so far not more than 400 million shares sold
need more BB to buy cheap at 15 to 16c first
Woow...the mood here is so positive...
What a change from a few months ago....
Guess now we have a new set of SH....
Hope today is a green green day
Turn green soon
so many people selling aiyo
Come on the Mighty Push..
Shifu8888 ( Date: 14-Sep-2020 11:34) Posted:
I always believe there will be a MIGHTY push for such stock when Bb had collected enough and when those selling abates.
It may happen anytime from now. |
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To them is ownership and they don?t care much about paper lost .
jlong0005 ( Date: 14-Sep-2020 14:09) Posted:
| Temasek subscribed 1.03 b, now paper loss $42 m. |
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Hopefully selling will wear off in the coming days.
Temasek subscribed 1.03 b, now paper loss $42 m.
ya ...large M deal 158 price ... 1.38m and 1.59M .......hmm
rockman88 ( Date: 14-Sep-2020 13:55) Posted:
158-159 clearing quite impressive ... 160 going to be history soon?
CheeryVGoh ( Date: 14-Sep-2020 13:32) Posted:
From : BusinessTimes, 14th Sept 2020
Yet, in the face of the Covid-19 turmoil, Temasek' s moves in its home market have suddenly become very exciting too. While the companies involved are hardly on the cutting edge of technology, Temasek' s efforts to support them, and unlock value, is no less inspiring for investors.
Temaseks' s role in the two-stage corporate exercise involving Sembcorp Marine (SMM) and Sembcorp Industries (SCI) that was completed last week is a case in point.
Under the deal, SMM raised some S$2.1 billion through a 5-for-1 rights issue of new shares priced at S$0.20 each. SCI and SMM then de-merged, through a distribution in-specie of SCI' s stake in the recapitalised SMM.
Only 90.2 per cent of the more than 10.46 billion SMM rights shares were taken up though. This included the maximum 7.5 billion SMM rights shares that SCI had undertaken to buy.
Even though SCI owns 61 per cent of SMM, it had agreed to take up as much as 72 per cent of the rights issue. SCI is paying for these rights shares by offsetting a S$1.5 billion subordinated loan it extended to SMM last year.
The unsubscribed 9.8 per cent of SMM rights issue - totalling nearly 1.03 billion shares - went to Temasek, under a sub-underwriting deal. This would have cost Temasek almost S$205.7 million.
SCI then distributed its enlarged holding of 8.77 billion shares in the recapitalised SMM to its shareholders, on the basis of 4.911 SMM shares per SCI share.
SCI and SMM closed Friday at S$1.18 and S$0.163 respectively.
SCI versus SMM
The whole corporate exercise has been hard on shareholders of SMM. Besides having to fund a big rights issue, their rights shares are now trading underwater.
On the other hand, shareholders of SCI - including Temasek - have done quite well. Just before the deal was announced, SCI traded at S$1.53. But holders of each SCI share now also have 4.911 shares in SMM. The current total value of their SCI and SMM shares would be S$1.98.
From Temasek' s perspective, before the deal was announced, its 49.3 per cent stake in SCI had a market value of nearly S$1.35 billion.
After spending nearly S$205.7 million backstopping SMM' s rights issue, and receiving its entitlement of SMM shares from SCI' s distribution in-specie, the investment company would now also be holding some 5.35 billion SMM shares, or about 42.6 per cent of the whole company.
The current market value of Temasek' s stake in SMM is about S$872.7 million, while its stake in SCI is worth almost S$1.04 billion. This adds up to about S$1.91 billion.
The big question is where shares in SCI and SMM go from here.
For now, the consensus seems to be that the re-rating of SCI has been entirely justified. Without SMM weighing it down, SCI will be more profitable and have a stronger balance sheet.
According to pro forma estimates, SCI' s earnings per share would increase by 22 per cent, its return on equity would rise by 4.4 percentage points to 7.9 per cent, and its total borrowings would decline by S$2.9 billion to S$8.7 billion (including perpetuals).
On the other hand, the market price of SMM could continue to be weighed down in the weeks ahead, as an avalanche of new shares hit the market. SMM also faces a tepid business outlook in the immediate term.
Yet, SMM has a significantly strengthened balance sheet after its rights issue. On a pro forma basis, its net gearing would have been cut from 1.82 times to 0.45 times. That would enable SMM to better execute its existing projects, compete for more high-value work, and pursue merger and acquisition opportunities.
SMM is now trading at just 53 per cent of its book value.
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I am still waiting for my 15c ... 50% DISCOUNT FOM TERP
158-159 clearing quite impressive ... 160 going to be history soon?
CheeryVGoh ( Date: 14-Sep-2020 13:32) Posted:
From : BusinessTimes, 14th Sept 2020
Yet, in the face of the Covid-19 turmoil, Temasek' s moves in its home market have suddenly become very exciting too. While the companies involved are hardly on the cutting edge of technology, Temasek' s efforts to support them, and unlock value, is no less inspiring for investors.
Temaseks' s role in the two-stage corporate exercise involving Sembcorp Marine (SMM) and Sembcorp Industries (SCI) that was completed last week is a case in point.
Under the deal, SMM raised some S$2.1 billion through a 5-for-1 rights issue of new shares priced at S$0.20 each. SCI and SMM then de-merged, through a distribution in-specie of SCI' s stake in the recapitalised SMM.
Only 90.2 per cent of the more than 10.46 billion SMM rights shares were taken up though. This included the maximum 7.5 billion SMM rights shares that SCI had undertaken to buy.
Even though SCI owns 61 per cent of SMM, it had agreed to take up as much as 72 per cent of the rights issue. SCI is paying for these rights shares by offsetting a S$1.5 billion subordinated loan it extended to SMM last year.
The unsubscribed 9.8 per cent of SMM rights issue - totalling nearly 1.03 billion shares - went to Temasek, under a sub-underwriting deal. This would have cost Temasek almost S$205.7 million.
SCI then distributed its enlarged holding of 8.77 billion shares in the recapitalised SMM to its shareholders, on the basis of 4.911 SMM shares per SCI share.
SCI and SMM closed Friday at S$1.18 and S$0.163 respectively.
SCI versus SMM
The whole corporate exercise has been hard on shareholders of SMM. Besides having to fund a big rights issue, their rights shares are now trading underwater.
On the other hand, shareholders of SCI - including Temasek - have done quite well. Just before the deal was announced, SCI traded at S$1.53. But holders of each SCI share now also have 4.911 shares in SMM. The current total value of their SCI and SMM shares would be S$1.98.
From Temasek' s perspective, before the deal was announced, its 49.3 per cent stake in SCI had a market value of nearly S$1.35 billion.
After spending nearly S$205.7 million backstopping SMM' s rights issue, and receiving its entitlement of SMM shares from SCI' s distribution in-specie, the investment company would now also be holding some 5.35 billion SMM shares, or about 42.6 per cent of the whole company.
The current market value of Temasek' s stake in SMM is about S$872.7 million, while its stake in SCI is worth almost S$1.04 billion. This adds up to about S$1.91 billion.
The big question is where shares in SCI and SMM go from here.
For now, the consensus seems to be that the re-rating of SCI has been entirely justified. Without SMM weighing it down, SCI will be more profitable and have a stronger balance sheet.
According to pro forma estimates, SCI' s earnings per share would increase by 22 per cent, its return on equity would rise by 4.4 percentage points to 7.9 per cent, and its total borrowings would decline by S$2.9 billion to S$8.7 billion (including perpetuals).
On the other hand, the market price of SMM could continue to be weighed down in the weeks ahead, as an avalanche of new shares hit the market. SMM also faces a tepid business outlook in the immediate term.
Yet, SMM has a significantly strengthened balance sheet after its rights issue. On a pro forma basis, its net gearing would have been cut from 1.82 times to 0.45 times. That would enable SMM to better execute its existing projects, compete for more high-value work, and pursue merger and acquisition opportunities.
SMM is now trading at just 53 per cent of its book value.
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