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Semb marine is a sinking ship and it desparately needs Temasek' s help and support, if not will end up like Hyflux.
Still this TA_Expert aka better keep urging everyone to veto, thats why i sick of his action and i would urge him to sell off his Semb marine shares if he think the deal is lousy, instead of coming here to spread the harmful idea of VETOing the deal.
By voting for the deal, both SCI and SCM will both benefit from the demerger. I really hope those who want to veto have already sold their shares so that they wun be voting, god bless. that s what i mean by selling SCM shares.
Still this TA_Expert aka better keep urging everyone to veto, thats why i sick of his action and i would urge him to sell off his Semb marine shares if he think the deal is lousy, instead of coming here to spread the harmful idea of VETOing the deal.
By voting for the deal, both SCI and SCM will both benefit from the demerger. I really hope those who want to veto have already sold their shares so that they wun be voting, god bless. that s what i mean by selling SCM shares.
tangoanna ( Date: 21-Jul-2020 23:52) Posted:
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I think u can read through my postings. I dun like SMM, I like SCI, so why should I buy a sinking ship SMM?
And if u think i am a BIG buyer then i very flattered :) Do I sound like a BB? How I wish to be a BB then can retire and enjoy my $$$.
Anyway I know u are TA_Expert, if you have sold ur SMM shares then good for u.. dun have come here and beg everyone to VETO the deal anymore. U hatred for the deal is not good for ur health, at least now u can zzz in peace now without having to vote.
And if u think i am a BIG buyer then i very flattered :) Do I sound like a BB? How I wish to be a BB then can retire and enjoy my $$$.
Anyway I know u are TA_Expert, if you have sold ur SMM shares then good for u.. dun have come here and beg everyone to VETO the deal anymore. U hatred for the deal is not good for ur health, at least now u can zzz in peace now without having to vote.
better ( Date: 21-Jul-2020 22:57) Posted:
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I believe hes trying to educate people. No ill will intended or intensions from him, especially when this demerger news may provoke irrational behaviors from SMM angry shareholders :)
better ( Date: 21-Jul-2020 22:57) Posted:
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Please don' t quarrel. We all want the sembcorp family to do well. Vote yes for the deal and all happy and huat.
Exactly there is only one user who wants to VETO the deal so much that he disguise himself using a new account id. That guy TA_Expert is using a new id " better" now. Then there are others who keep cursing SCM and says SCM is lousy etc..
Since TA_Expert hate the deal so much and others keep saying SCM is letting them down etc, I would suggest stop complaining and sell their holdings in Semb Marine lo and switch to other better counters... Dun understand why need to come here complain these complain, if not happy just sell SCM lo..
I also suggest if they think the deal is only good for SCI, then sell SCM and switch to SCI lo.. they get to have SCI and get back theire SCM for free.. so in a way they have best of both worlds although technically SCM shares are not really " free" .
Then this TA_Expert wants to smear me hahaha.. :) good for him, hope he sold his SCM shares , if not everyday come here and complain and ask others to VETO, must be very tiring for him and must be disappointed to see so many SCM shareholders going to vote yes.
Since TA_Expert hate the deal so much and others keep saying SCM is letting them down etc, I would suggest stop complaining and sell their holdings in Semb Marine lo and switch to other better counters... Dun understand why need to come here complain these complain, if not happy just sell SCM lo..
I also suggest if they think the deal is only good for SCI, then sell SCM and switch to SCI lo.. they get to have SCI and get back theire SCM for free.. so in a way they have best of both worlds although technically SCM shares are not really " free" .
Then this TA_Expert wants to smear me hahaha.. :) good for him, hope he sold his SCM shares , if not everyday come here and complain and ask others to VETO, must be very tiring for him and must be disappointed to see so many SCM shareholders going to vote yes.
Due_Dilligence ( Date: 21-Jul-2020 23:42) Posted:
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Sometimes I wonder why people are buying a sinking ship. I think I seconded what josemmm123 is urging. We, our Keppel or Jurong or Sembawang have already lost their game plan in these sunset industries. Look at the order books of Sembcorp Marine. If you are an investor, there are many other safer and profitable companies out there. Why cling to a sinking ship.
better ( Date: 21-Jul-2020 22:57) Posted:
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It seems that member josemmm123 is constantly urging people to sell their SMM shares.
Josemmm123, are you the big buyer or working for the big buyer of SMM shares that is trying to keep SMM share price down for the past month so you accumulate more at favourable prices.
Thanks anyway, because I am definitely a beneficiary of your valiant effort!
Josemmm123, are you the big buyer or working for the big buyer of SMM shares that is trying to keep SMM share price down for the past month so you accumulate more at favourable prices.
Thanks anyway, because I am definitely a beneficiary of your valiant effort!
I think all who wanted to vote no have left....maybe a few cranky folks here and there...
Sgvale ( Date: 20-Jul-2020 21:41) Posted:
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current price level is strong support level -- rebound is coming very very soon once the flushing is completed.
As SCM share holder myself, i would say please hold on to it and dont cut loss at this stage (while the light in the tunnel is almost at the horizon already), many of us have been holding it for yearly anyways - give it a few more month please!!!! Have fath!
As SCM share holder myself, i would say please hold on to it and dont cut loss at this stage (while the light in the tunnel is almost at the horizon already), many of us have been holding it for yearly anyways - give it a few more month please!!!! Have fath!
The future is green renewable energy. Gone are days of latern oil lamps.
for those long time SH, you inclined to vote yes or no? Just curious. I have 2 lots SCM at $3 bought 10y ago..looking at things now also not much of a choice
I am also a long time shareholders. I will just keep the shares. Every dog has its day. When the economy recovers and oil up, I am sure marine play will come. No worry, keep for the decendants.
kyo56us ( Date: 21-Jul-2020 12:54) Posted:
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So i am a very very long time owner for sem marine share, from the $4 ~$5 era (Ouch feeling the pain even when mentioning it)
Just curious. assuming u are a SCM share holder now, u sell at a lost, because u feel SCM lousy
isnt it better to wait for ex rights ? sell the ex rights, assuming u got 1000 share, u would get back 1K ? ( I am assuming those rights nobody wan will be bought back by temaske ?)
stock price no matter what already at low $0.40 ish already. unless after right go to ZERO.. ( I hope not)
it be profitable no matter what ? i am assuming u got the share under $1.00
Just curious. assuming u are a SCM share holder now, u sell at a lost, because u feel SCM lousy
isnt it better to wait for ex rights ? sell the ex rights, assuming u got 1000 share, u would get back 1K ? ( I am assuming those rights nobody wan will be bought back by temaske ?)
stock price no matter what already at low $0.40 ish already. unless after right go to ZERO.. ( I hope not)
it be profitable no matter what ? i am assuming u got the share under $1.00
Already sold at loss. Veto no SCI will still be SCM backer. No worry. Veto yes SCI will benefit much SCM still uncertain
josemmm123 ( Date: 20-Jul-2020 21:27) Posted:
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Another method: Sell ur SCM tomorrow and switch the fund to SCI. In this case u get to see other SCM shareholders complaining like what u did previously and u can look forward to the demerger as a SCI shareholders, so it solves ur problem of having to keep complaining cos as a SCI shareholders u will not be complaining:)
Sgvale ( Date: 20-Jul-2020 20:58) Posted:
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Just a reminder: If u want to sell SCM,
1) Please do it BEFORE XR (Ex right).
OR
2) Do it after XR, but please remember to sell the rights given to u for free (5 rights to every 1 share u have) too when the rights starts trading. Temasek will underwrite those rights that are not subscribe by shareholders. So if u dun sell your rights, you will suffer alot becos XR, the share price will drop to about 25 cents. By selling your rights, it helps to compensate for the drop in share price upon XR
1) Please do it BEFORE XR (Ex right).
OR
2) Do it after XR, but please remember to sell the rights given to u for free (5 rights to every 1 share u have) too when the rights starts trading. Temasek will underwrite those rights that are not subscribe by shareholders. So if u dun sell your rights, you will suffer alot becos XR, the share price will drop to about 25 cents. By selling your rights, it helps to compensate for the drop in share price upon XR
josemmm123 ( Date: 20-Jul-2020 21:27) Posted:
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yap.. that why experts advise u to sell your SCM shares if u think SCM lousy and u do not want to throw more money.. very simple .. U can even sell tomorrow. No one stopping u :)
I dun understand why ppl want to come to this thread complain this complain that? just sell lo if u feel so fed up with SCM :)
I dun understand why ppl want to come to this thread complain this complain that? just sell lo if u feel so fed up with SCM :)
Sgvale ( Date: 20-Jul-2020 20:58) Posted:
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If SCM vote no to the rights. SCI still have to account for SCM till it turns profitability? I would rather invest in other potential pennies with positive cash flow & profitable than throwing more money to the SCM rights at 0.20 with uncertain future.
Thanks, uiop1223 for your comments.
It seems like even after the successfully demerge from SCI, SCM shareholders (after the right issues) still has lot of uncertainties and long way ahead although having chances to merge with KC.
It seems like even after the successfully demerge from SCI, SCM shareholders (after the right issues) still has lot of uncertainties and long way ahead although having chances to merge with KC.
Depends on Keppel offer to takeover SMM? Most likely will be issuance of Keppel shares... so further dilution to keppel shareholders + taking in a company that is loss making. Bad for keppel while for SMM, depends on how much Keppel offers to SMM shareholders. Days of making supernormal profits of oil is over. No more glory to work in oil & gas sector.
Share123 ( Date: 19-Jul-2020 17:28) Posted:
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