| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembCorp Marine- The new Frontier.
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ckmpd1
Supreme |
11-Nov-2021 10:16
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thanks, bystander1965, for your sharing. As predicted by many, no good news from SMM.  No new contracts.  This Q3 uopdate seems to be a standar fare for SMM reorts.  FY 2021 report in Feb 2022 is likely to look equally miserable.  No reprieve in sight for SMM 
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weekaykee
Master |
11-Nov-2021 10:16
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Come 2022 they will change their tune , as done many times, that the delays are continuing, the 10 tenders are still pending and they are running out of money and need to have another RI. SMM is becoming very predictable.
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ckmpd1
Supreme |
11-Nov-2021 10:12
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incredible!  and the loss continues into FY 2022 with no end in sight.  Bad news for SMM shareholders
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stanleytay
Master |
11-Nov-2021 10:11
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At this stage, whenever you see ckmpd, chart expert, weekaykee, share 456.. just skip the post. Its not like they have something new to offer. 
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ckmpd1
Supreme |
11-Nov-2021 10:10
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Agree.  so obvious that SMM is sinking under Wong Weng Sun and team
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ckmpd1
Supreme |
11-Nov-2021 10:09
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![]() good strategy
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ttbanthony
Veteran |
11-Nov-2021 10:09
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You probably did not read the full post.
I am confident of reaching 0.085 today barring any unforeseen circumstances. The following remains my tp. 0.094 before Christmas 0.124 before cny. I have not wavered. Thanks for your comments but I don see this return to 0.08.
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ckmpd1
Supreme |
11-Nov-2021 10:06
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Some investors were so sure of 12.4c, 30c, 40c.  Now these investors are hoping for 8.5c.  What a desperate turn around. Dropping below 8c and onto 7c, 6c, 5c by Mar 2022 is almost certain. We have been saying this since sep before MGO of 8c.  Our position remains solidly intact.  But those naive investors are wavering from certainty of 40 c to hoping for 8.5c |
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datadatadata
Member |
11-Nov-2021 10:02
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Of course, holding long is the best strategy since the lowest point is already met (8 cents by TH) and with year end window dressing, this is an excellent counter for big gains. Don' t forget, all the bad news are out and only left with good ones from here on..... with potential takover competition.  | ||||
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ckmpd1
Supreme |
11-Nov-2021 10:01
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Agree, weekaykee.  Attributing poor SMM share' s performance to shortists is denying the truth.  It is obvious to many, except the naive, that SMM is facing big problems.  Let those who live in denial suffer the consequences of their choice.  On my part, I am enjoying keeping my cash.  No stress, no pressure.![]()   What an envious position.  SMM is heading for 7c, 6c, 5c, consolidation and 2022 Rights Issue.  So many months of contract negotiations and still no new contracts despite what  some predicted.  Nov 21 to Mar 22 is a bad period for SMM.  wait for mar 2022
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ttbanthony
Veteran |
11-Nov-2021 10:00
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0.085 I am very confident | ||||
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stanleytay
Master |
11-Nov-2021 10:00
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Looks like 0.082 is being well absorbed, high chance will go up later. | ||||
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dcproperty
Senior |
11-Nov-2021 09:54
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Not just SMM was having rights issue. Across all markets, there are many rights issues, share splits, bonus shares etc...   Btw, I only having 60,000 share on non leverage. 小 刀 刮 大 树 is my trading idea. I am keeping for long, for great profit. With only 60,000 even if it turns against me, I can add more
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weekaykee
Master |
11-Nov-2021 09:52
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Majority of the sellers are not shortists. Too much finger pointing to shortists to justify the weak price when in reality it is the fundamentals that are determining its price. Yes there can be upside surprises but the prospects are getting dimmer. Harder to win huge contracts when its fundamentals are very weak. 
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ttbanthony
Veteran |
11-Nov-2021 09:49
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Thanks but sorry.
It is uptrend and nothing will stop its surge soon. Nothing negative from the updates It must kiss 0.085.
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datadatadata
Member |
11-Nov-2021 09:45
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You have a good point on the SMA data. But due to the recent rights issue, the SMA 20 and SMA 50 data are no longer a good indicator as there is a significant event interrupting the data flow. So everything is up in the air. For now, the retail side must be cleared before we can have a meaningful analysis of data.  | ||||
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Oxtail
Member |
11-Nov-2021 09:42
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Look like Shorters is swimming against SCM market trend. How long can shorters keep the price low ?  Will they be successful in keeping it low till market turn to their favour?  Will this turn out to be a Singapore version of Gamespot ?  An unexpected big contract win will be a death sentence to those shorters.  This is so exciting!!!    *vested, at the front row, munching pop corn*    |
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dcproperty
Senior |
11-Nov-2021 09:31
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My understanding from the chart point of view:- It is trading above SMA 20 and SMA 50. Awaiting to clear SMA 100 at $0.092 level. Can the price turns down even if it cleared SMA 20 and SMA 50? Yes. But given that it is at this low range, I would rather bet long than short -:) Yes, a bet is a bet. But what is the upside vs. downside potential?
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ttbanthony
Veteran |
11-Nov-2021 09:22
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Those will be taken down and display as novelties in the museum of 80s. 😊
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datadatadata
Member |
11-Nov-2021 09:21
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There are really 2 big volume in the sell queue. One is 30M at 8.4 cents and the next is 30M at 8.8 cents. WIth the announcement already out this morning and there is optimism for the renewable sector, as highlighted by SCM, it is clear that buyers will be forced cover their position soon. | ||||
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