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SembCorp Marine- The new Frontier.
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weekaykee
Master |
16-Nov-2021 12:35
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Well said. SMM will be begging on its knees for a merger, just to survive. 
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Longtermer
Elite |
16-Nov-2021 12:35
Yells: "A disciplined investor is a wealthy investor" |
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Not like this... Why only put out mkt cap numbers to say its cheap or expensive? How about comparing the debts, NAV, cash on hand etc to see the whole picture before and post rights.  Cheers.  
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weekaykee
Master |
16-Nov-2021 12:33
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Just because OCBC is not as postive as the UOB analyst?
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weekaykee
Master |
16-Nov-2021 12:32
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Comments in Sharejunction cannot move the market, whether it is made by shortists, BBs, etc, if these people realy bother visiting this forum. 
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ckmpd1
Supreme |
16-Nov-2021 12:31
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well said.  beggars cant be  choosers.  smm cant dictate terms with KOM in a merger.   
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MANFREDTMK
Master |
16-Nov-2021 12:31
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Market cap is simply price times quantity. Look at the price will do because it reflects the price per share. They are the same thing. So the question is, with so much cash in the bank account, is the price reasonable, ignoring all other financial metrics to simplify matters for you. Comparatively, in the previous RIGHTS Issue, around $1.5b of the Rights proceed was used to rescue SCI by paying off this debt to them, which explained why SCI shot up exponentially. But this time round, most of the Rights proceed is intact. So when you are talking the Price being very overvalued, you miss the context. To simplify, if today, you start a business and you inject $100 cash for 10 shares, then the price of each share should be worth at least $10 intrinsically. Subsequently, the price depends on whether the company makes profit or loss. BUT BASED ON TODAY, IT SHOULD BE WORTH $10. This explained the anomaly. Even more importantly, when you look at other financial metrics like gearing and NAV, this share is attractive if not seductive. Of course today, you will have some luck in your calling, but I can tell you it's an aberration. After a few more days, you will regret if you still don't go in today late afternoon.
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weekaykee
Master |
16-Nov-2021 12:28
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Merger terms will be determined by which is stronger financially and we all know that KOM is clearly in the driver' s seat.
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ckmpd1
Supreme |
16-Nov-2021 12:21
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some say SMM is worth 10c which makes SMM $3.2B some say 30c, making SMM a solid $9.6B company some say 40c, valuing SMM at $12.8B these sound like a solid company, not the struggling SMM we know
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ckmpd1
Supreme |
16-Nov-2021 12:14
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good analysis.   
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ckmpd1
Supreme |
16-Nov-2021 12:13
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it is. at 8c, it is overpriced, giving a capitalisation of $2.5B
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ckmpd1
Supreme |
16-Nov-2021 12:11
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agree
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chart_expert123
Master |
16-Nov-2021 12:10
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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If you want to buy at current price 8.6 with 2.7-2.8bil. Just go ahead.
I just wanted to remind you. It is not cheap at all and cheapest historical market cap was 1.4bil and based on amount of 33billion shares, 4-5cents is achievable with 1.4 bil market cap.
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chart_expert123
Master |
16-Nov-2021 12:07
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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So, 4-5cents is achievable. It was 1.4bil before 2020 rights. It was 1.4bil after 2020 rights. So it is achievable after 2021 rights at 1.4bil marker cap and 4-5cents.
Again, 8.6cents is not cheap at all.
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MANFREDTMK
Master |
16-Nov-2021 11:22
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Wrong way to determine the price of a share. No one uses this method. Curious to know which School of Thoughts you learned this from, or your own Unique methodology
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chart_expert123
Master |
16-Nov-2021 11:17
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Target 4-5 cents with Market cap of 1.4 bil(billions, at 4-5cents, scm is not cheap at all).
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MANFREDTMK
Master |
16-Nov-2021 11:17
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Merger is a forgone conclusion. It's the Terms of Exchange that matters. Given that SM price to book is 0.6, the price needs to be adjusted to a fairer value before the merger take place. A very modest P/B ratio is 1. This implies a price of 13.3333333 cents which implies Definitely Alive Alive Alive, not 6.9 Moan Moan Moan, but never come.
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chart_expert123
Master |
16-Nov-2021 11:13
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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The gap is narrow down to 8.2 to 8.6-8.7. i don' t see any reason hope and win desperate from now on after resistance level  or willing buy high level is moving lower from 8.9-9 to 8.6-8.7 or even lower 8.5 now. once 8.2 and 7.9 broken in this week due to contra step in. the sell strength after a desperate of not higher price can move to will be huge.
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better
Elite |
16-Nov-2021 11:08
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The share holding of Temasek is not updated. Obviously, the analyst just didn' t bother to do much homework.
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MANFREDTMK
Master |
16-Nov-2021 10:54
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Still need to see meh, now is 8.7 cents. Not 7,
Not 6.9 (Breakfast for Two, eating together).
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blackpearl
Member |
16-Nov-2021 10:53
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