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capitaland maybe interested in YINGLI
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better
Elite |
28-Dec-2021 09:38
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Yes, saw the news yesterday. Sembmarine' s announcement is much clearer. Pretty much expected and a slightly positive news as Sembmarine will receive $20+ million cash as ecxtension fee next month. Borr drilling owes Sembmarine about $1.1 billion and Keppel OM about $400million. SCM is in much better position than Keppel OM as they have delivered all the 9 rigs in 2018/19 and the amount owing has been earning interest @4.5% p.a. Keppel only managed to deliver 3 rigs in 2020 and the rest of the 5 completed rigs are sitting at its yard pending delivery in 2023 or later. The news is expected as Borr drilling is not going to be able to pay $1.1 billion next May as they only managed to farm out most of the rigs this year due to the covid disruption.
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bystander1965
Supreme |
28-Dec-2021 07:54
Yells: "What I say is just my assessment. DYODD" |
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Singapore, 28 December 2021 ? Sembcorp Marine Ltd (the ?Company?) wishes to announce that its wholly-owned subsidiary, PPL Shipyard Pte Ltd (?PPLS?), has reached in- principle agreement (?Agreement?) with Borr Drilling Limited (?Borr Drilling?) to defer PPLS? receivables from Borr Drilling from 2023 to 2025. 😐 | ||||
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dcproperty
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27-Dec-2021 20:55
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Stock market, by nature is roller coaster. If that is your concern, trading is not for you. Maybe buy property and collect rental is much suitable to you. After holding for more than 15 years, likely can fully pay off your unit with rental
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naoshingo
Elite |
27-Dec-2021 17:10
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better
Elite |
27-Dec-2021 13:55
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Amen!
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MANFREDTMK
Master |
27-Dec-2021 13:46
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Old wine in new bottles
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better
Elite |
27-Dec-2021 11:39
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Hey ChangTai, welcome back.
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Starship
Supreme |
27-Dec-2021 11:17
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dcproperty
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27-Dec-2021 09:13
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He not just burnt by SMM alone. Look at all his buy called on Keppel Corp, PropNex and Starhub, all underwater...
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MANFREDTMK ( Date: 27-Dec-2021 09:07) Posted:
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Master
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alleyboy ( Date: 27-Dec-2021 08:51) Posted:
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Veteran
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better ( Date: 26-Dec-2021 22:30) Posted:
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Master
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better ( Date: 26-Dec-2021 22:30) Posted:
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Elite
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SCM' s cash balance
As at 31st Dec 2020: $772 million
As at 30th June Dec 2021: $778 million (+$6 million)
After that, collected $1.5 billion from rights issue
Paid off $430 million short term debt
Collected cash for deliveries of Hornsea 2 and Tyra East platforms and various repair/ upgrade projects.
Go figure what is SCM' s cash balance at 31st Dec 2021?
chart_expert123 ( Date: 26-Dec-2021 21:14) Posted:
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Elite
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Starhub' s financial numbers (Source: Yahoo Finance)
2017
Total revenue- $2.400 billion
Net income- $249 million
2019
Total revenue- $2.330 billion
Net income- $186.3 million
Latest 12 months
Total revenue- $2.042 billion
Net income- $148.4 million
Further, 5G means huge capital expenditure and cash outflow in the coming years. Maybe a rights issue since Starhub cannot borrow much more now with its high debt/ equity ratio?
Singtel
Price/ Book- 1.46x
Debt/ Equity- 0.43x
Starhub
Price/ Book- 4.3x
Debt/ Equity- 2.3x
chart_expert123 ( Date: 26-Dec-2021 21:04) Posted:
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Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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MANFREDTMK ( Date: 26-Dec-2021 13:17) Posted:
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Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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chart_expert123 ( Date: 26-Dec-2021 21:04) Posted:
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Master
Yells: "Only buy stock with revenue or net cash flow growth!!!!"
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better ( Date: 25-Dec-2021 23:51) Posted:
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Elite
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Sembmarine unit faces arbitration over equipment supply contracts
FRI, DEC 24, 2021 - 8:40 AM
UPDATED FRI, DEC 24, 2021 - 2:32 PM
Jurong Shipyard' s vendor is alleging breach of four contracts for the supply of equipment for some of the company' s projects.
PHOTO: BLOOMBERG
SEMBCORP Marine (Sembmarine) Sembcorp Marine: S51 0% on Friday (Dec 24) announced that its wholly-owned subsidiary Jurong Shipyard has received a notice of commencement of arbitrations from a vendor over 4 separate contracts.
The vendor is alleging breach of the contracts, which are for the supply of equipment for some of Jurong Shipyard' s projects.
Under these contracts, it is claiming payment for invoices amounting to US$76 million plus other costs and interests, which Sembmarine said " remain to be proved" by the vendor.
According to Sembmarine, Jurong Shipyard, which provides services such as ship repair, shipbuilding and ship conversion, maintains that these contracts have been validly suspended or terminated.
The group also said both parties were previously in discussions over the payment claims for such suspension or termination, but have yet to reach an agreement.
Jurong Shipyard has engaged legal advisers for the arbitration proceedings and will defend all claims made against it, said Sembmarine.
The latest development is another blow to the embattled offshore and marine company, which is having a difficult year battling pandemic-related supply chain disruptions and labour issues.
Sembmarine said in a third-quarter update that it continues to face Covid-19 supply chain constraints and shortages of skilled workers.
These were " seriously affecting" its projects, delaying the scheduled completion of several projects between 1 and 3 months.
Sembmarine&rsquo s shares appear to be trading well below their &ldquo estimated value range&rdquo , which was deemed to be between S$0.125 and S$0.14 per share by its independent financial adviser.
It has been more than 4 months since shares of Sembmarine traded close to the bottom end of this estimated value range. Shares of Sembmarine trading have traded closer to Temasek&rsquo s offer price of S$0.08 instead.
The counter closed flat at S$0.082 on Dec 24, after the news.
better ( Date: 24-Dec-2021 21:26) Posted:
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Master
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Stocky901 ( Date: 25-Dec-2021 16:17) Posted:
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Supreme
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Stocky901 ( Date: 25-Dec-2021 16:17) Posted:
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