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TA_Expert Supreme	30-Jun-2020 09:47        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Let SCI crashes back to $1.40 before the announcement. SCI has already sucked $0.50 from SMM. Do you want to suck some more? I am glad ' member' who owned 850 lots of SMM shares will be able to convince more minority shareholders to veto the resolutions. All the people who I know told me that they will also veto the resolutions. Shareholders of SMM, you will have to think it very careful on these resolutions. Don' t be conned.
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danger Supreme	30-Jun-2020 09:45        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Without Keppel Corp , Without Temasek ..... how can SMM survive next few years ???
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danger Supreme	30-Jun-2020 09:43        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Without the $1.5 billion life line thrown in and major direct stake SSH - Temasek in Sembmarine... how can it survive for few more years ?
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TA_Expert Supreme	30-Jun-2020 09:37        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Whether the merger with Keppel Marine come true or not, it doesn' t matter. Shareholders of SMM don' t be conned by SCI and Temasek as well as shareholders of SCI. All wanted SCI to soar above $3 while SMM becomes $0.30 and below. We have to see through the smokescreen.
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danger Supreme	30-Jun-2020 09:33        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If Temasek buyout of major stake in Keppel is called off .... then the merger of sembmarine and keppel offshore will not materialize That case , sembmarine shareholders better VOTE IN FAVOR of the SCI/SMM demerger , as temasek will not offer any other better price or deal to privatise SMM since IF keppel offshore merger deal is off .  So current arrangment to strengthen the balance sheet of SMM and with temasek taking a majority stake in SMM is best option .
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lailai Elite	29-Jun-2020 16:59        lailai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think after the rights are distributed to the shareholders, scm will probably be ard 23-25c. But if their 1H20 result to release on 15 Jul is better than previous, then price can be supported higher. Just opinion. Djsoul80      ( Date: 29-Jun-2020 15:01) Posted: Think you have to wait till after the rights distribution bah.. You will get 380 then guards80      ( Date: 29-Jun-2020 13:49) Posted: 380 come. I want buy 😁
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guards80 Supreme	29-Jun-2020 16:49        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya still waiting neck long long liaoz haha Djsoul80      ( Date: 29-Jun-2020 15:01) Posted: Think you have to wait till after the rights distribution bah.. You will get 380 then guards80      ( Date: 29-Jun-2020 13:49) Posted: 380 come. I want buy 😁
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arctician1982 Senior	29-Jun-2020 16:47        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	this is also possible, so i dont really understand it when ppl say fund manager are buying SCM to vote no, or retail investors are buying more to veto, it doesnt make sense. Of course existing shareholder may be unhappy and veto but current buyers till sep either want rights at 20c or excess..those that dont want the rights would have sold instead of holding on for a No outcome.    Calm20      ( Date: 29-Jun-2020 14:01) Posted: Hi arctician1982, thanks for your ideas. Now they don' t quote SMM but SCM if not wrong. What do you think if we add  4. Fund Managers who hold both SCI and SCM, similar to 2.   arctician1982      ( Date: 29-Jun-2020 12:02) Posted: if vote no i doubt share price can go back to 80c+ preannouncement, even with any privatization offer i think existing shareholders will be equally or much worse off. also have to remember you have to go against the 3 shareholders group of SMM with vested interest who will vote yes 1. SMM CEO and BOD 2. SCI shareholders who own both SCI and SMM 3. Current buyers of SMM - Those who queue and buy now almost likely to vote yes for the rights or excess, logically one dont build a position between now to Sep just to veto.  I will say just based on logic very hard to veto.
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Djsoul80 Master	29-Jun-2020 15:01        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think you have to wait till after the rights distribution bah.. You will get 380 then guards80      ( Date: 29-Jun-2020 13:49) Posted: 380 come. I want buy 😁
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Calm20 Member	29-Jun-2020 14:01        Calm20 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi arctician1982, thanks for your ideas. Now they don' t quote SMM but SCM if not wrong. What do you think if we add  4. Fund Managers who hold both SCI and SCM, similar to 2.   arctician1982      ( Date: 29-Jun-2020 12:02) Posted: if vote no i doubt share price can go back to 80c+ preannouncement, even with any privatization offer i think existing shareholders will be equally or much worse off. also have to remember you have to go against the 3 shareholders group of SMM with vested interest who will vote yes 1. SMM CEO and BOD 2. SCI shareholders who own both SCI and SMM 3. Current buyers of SMM - Those who queue and buy now almost likely to vote yes for the rights or excess, logically one dont build a position between now to Sep just to veto.  I will say just based on logic very hard to veto.
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michaeltan Master	29-Jun-2020 13:59        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Yes, one must vote wisely to ensure the proposed of de-merger is successfully implemented if you don' t want SMM to be suspended like Hyflux. No investor is interested to rescue a sinking ship SMM other than SCI with co-efford Temasek to save it. Don' t be surprised next quarter results would drop you another bomb! So must act it wisely for SCI & Temasek to save it before the company left with skeleton. Lol! Mayalow63      ( Date: 29-Jun-2020 13:08) Posted: The difference is PAP need not, will not and should not recuse themselves. TH will vote in their own interest and so should we. Unless I am mistaken or confused, the deal benefits SCI substantially from getting back the $1 billion loan to SMM indirectly. If not, SCI will still have this outstanding amount owed by SMM. Vote wisely! Djsoul80      ( Date: 29-Jun-2020 11:39) Posted: But end up, PAP will still win over the majority.. Minorities won't be heard. You go against, corporate action will still proceed.
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guards80 Supreme	29-Jun-2020 13:49        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	380 come. I want buy 😁
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Sgvale Supreme	29-Jun-2020 13:44        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one no business. Will keep posting losses for a few more years. Worth 0.20. It's on its own now. No parent Co Sembcorp Ind to support. Further funds has to draw from exiting shareholders.
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Mayalow63 Member	29-Jun-2020 13:08        Mayalow63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The difference is PAP need not, will not and should not recuse themselves. TH will vote in their own interest and so should we. Unless I am mistaken or confused, the deal benefits SCI substantially from getting back the $1 billion loan to SMM indirectly. If not, SCI will still have this outstanding amount owed by SMM. Vote wisely! Djsoul80      ( Date: 29-Jun-2020 11:39) Posted: But end up, PAP will still win over the majority.. Minorities won't be heard. You go against, corporate action will still proceed. Mayalow63      ( Date: 29-Jun-2020 11:35) Posted: Same reason why we have a General Election. If you don't let your voice be heard, it will be forever silent. We small shareholders will only be heard when our votes matter at such EGMs when the substantial shareholders are recused. How many times we get trodden on because the major or controlling shareholder calls the shots and we have no say beyond the perfunctory answers at Q&A? I'm sure many of us are aware of listed companies with families in different management positions and paying handsome salaries despite declining or no profits? Rise up and be counted, I say.
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TA_Expert Supreme	29-Jun-2020 12:20        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Why would the shareholders of SMM want the share price of SCI go beyond $2.50 and higher while SMM tanks to $0.30 and below? Becareful SMM shareholders, many of these so called SMM shareholders are actually SCI shareholders in disguise. They keep posting that they will vote yes. Make your own judgement whether this a deal that you can stomach.
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arctician1982 Senior	29-Jun-2020 12:02        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	if vote no i doubt share price can go back to 80c+ preannouncement, even with any privatization offer i think existing shareholders will be equally or much worse off. also have to remember you have to go against the 3 shareholders group of SMM with vested interest who will vote yes 1. SMM CEO and BOD 2. SCI shareholders who own both SCI and SMM 3. Current buyers of SMM - Those who queue and buy now almost likely to vote yes for the rights or excess, logically one dont build a position between now to Sep just to veto.  I will say just based on logic very hard to veto.
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Djsoul80 Master	29-Jun-2020 11:39        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But end up, PAP will still win over the majority.. Minorities won't be heard. You go against, corporate action will still proceed. Mayalow63      ( Date: 29-Jun-2020 11:35) Posted: Same reason why we have a General Election. If you don't let your voice be heard, it will be forever silent. We small shareholders will only be heard when our votes matter at such EGMs when the substantial shareholders are recused. How many times we get trodden on because the major or controlling shareholder calls the shots and we have no say beyond the perfunctory answers at Q&A? I'm sure many of us are aware of listed companies with families in different management positions and paying handsome salaries despite declining or no profits? Rise up and be counted, I say.
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Mayalow63 Member	29-Jun-2020 11:35        Mayalow63 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Same reason why we have a General Election. If you don't let your voice be heard, it will be forever silent. We small shareholders will only be heard when our votes matter at such EGMs when the substantial shareholders are recused. How many times we get trodden on because the major or controlling shareholder calls the shots and we have no say beyond the perfunctory answers at Q&A? I'm sure many of us are aware of listed companies with families in different management positions and paying handsome salaries despite declining or no profits? Rise up and be counted, I say.
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Djsoul80 Master	29-Jun-2020 10:56        Djsoul80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes you all don't like the offer price. But now that the share price has been dragged so low pre announcement. Will going against bring the share price up pre announcement? What will it gain by going against? What good outcome can shareholders get? Mayalow63      ( Date: 29-Jun-2020 10:54) Posted: SCI can give the shares to TH and if that causes TH to cross the 30% threshold, then TH has to make a GO. No whitewash. But of course it is meaningless since the offer price is too low. We just don't like that we will have to cough out more money for the rights. In this crisis, who has spare cash to throw? Why do we get the feeling that we are shortchanged and bailing out SCI shareholders? investshare      ( Date: 29-Jun-2020 10:24) Posted: SC owns those SM shares. It is it?s absolute right to decide how it wants to dispose them, including giving it away to its shareholders.
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arctician1982 Senior	29-Jun-2020 10:55        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	imagine if it get passed, need to come out with $850K more. No one can predict outcome of resolution, but better to prepare cash in case result goes least expected.  better      ( Date: 28-Jun-2020 22:27) Posted: Temasek has no direct holding in SMM, so cannot vote for whitewash. SCI has to abstain based on the rights issue terms.  So it is totally up to minority shareholders of SMM to vote about the whitewash. If SMM minority shareholders veto the whitewash, rights issue is dead. That' s why smart money is accumulating SMM shares to veto the whitewash.  In fact, SMM' s cashflow is quite alright with SCI' s surbordinated loan. Another $500 million to tap if needed. It is SCI which Temasek is trying to get off the hook. I am an interested party with about 850,000 SMM shares. Going to veto the whitewash together with the rest of SMM minority/ institutional shareholders.
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