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SembCorp Marine- The new Frontier.
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It is good that those who sold at $4 and buying back at 0.084 now. We are happy holders of SMM. No pressure.
I am bull shitting if i write like that. The point is if you are going to post useless posts like this incessantly, dont blame
people or angry for thinking you are not right somewhere in your brain.
ckmpd1 ( Date: 17-Nov-2021 07:41) Posted:
It is good that people who bought SMM at 30c are taking comfort that it has risen to 8.5c yesterday.
After losing so much and with no light at the end of the tunnel, i dont blame them for rejoicing when there is a 0.1c increase.
As for you and me, we are happy that we sold our SMM shares before RI 2021 and are sitting on cash. No pressure!
weekaykee ( Date: 16-Nov-2021 21:22) Posted:
| Share buy back is a feeble attempt to generate positive speculation to boost their share price for the ongoing merger discussions |
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It is good that people who bought SMM at 30c are taking comfort that it has risen to 8.5c yesterday.
After losing so much and with no light at the end of the tunnel, i dont blame them for rejoicing when there is a 0.1c increase.
As for you and me, we are happy that we sold our SMM shares before RI 2021 and are sitting on cash. No pressure!
weekaykee ( Date: 16-Nov-2021 21:22) Posted:
Share buy back is a feeble attempt to generate positive speculation to boost their share price for the ongoing merger discussions.
bystander1965 ( Date: 16-Nov-2021 18:05) Posted:
Can interpret whichever way, whatever, however we wish. Haha. I have no idea.
Co routinely buys back for employee stock options. But SCM has not done so for a long time.
It could be a strong statement to hint they have cash?
Jiak bah bo tai ji cho?
Whatever...
It would be more interesting if they continue to do so for a few more days.
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We have always maintained our stance that 8c is an artificial floor price by the MGO. Once removed and no contracts nor merger by Mar 2022, SMM is likely to plunge to 7c, 6c, 4c. But there are some mischievious people who claim that since SMM didnt plunge to below 8c now, they are right. How deceiving they are!
Events to look out for in the next four months:
1. Any merger by Mar 2022? If yes, are the terms and conditions disadvantageous to SMM?
2. Any RI 2022?
Let us be patient and wait till Mar 2022. We can see who are the mischievious and devious people here
weekaykee ( Date: 16-Nov-2021 21:22) Posted:
Share buy back is a feeble attempt to generate positive speculation to boost their share price for the ongoing merger discussions.
bystander1965 ( Date: 16-Nov-2021 18:05) Posted:
Can interpret whichever way, whatever, however we wish. Haha. I have no idea.
Co routinely buys back for employee stock options. But SCM has not done so for a long time.
It could be a strong statement to hint they have cash?
Jiak bah bo tai ji cho?
Whatever...
It would be more interesting if they continue to do so for a few more days.
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weekaykee ( Date: 16-Nov-2021 15:25) Posted:
Kids like you should be banned from this forum.
stanleytay ( Date: 16-Nov-2021 15:06) Posted:
| Mental case getting mad.. better run. Ckmpd, you can win this thread. I dont really care. But do rem to see a do |
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👍
0.094 before Christmas, early Christmas 🎁
better ( Date: 16-Nov-2021 21:46) Posted:
My goodness.....9.6 cents by month end. That's more bullish than most forumers here.
SgYuan ( Date: 16-Nov-2021 20:03) Posted:
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" With the help of the government agencies and Association of Singapore Marine Industries (ASMI), we managed to bring in workers from India and Bangladesh progressively"
guess who is the president of ASMI. If you guess Mr Simon Kuik (Vice President and Head (Research & Development), Sembcorp Marine Ltd), then you guess right.
I think Mr Kuik would also help SCM bring in some India and Bangladesh workers, don' t you think?better ( Date: 17-Nov-2021 00:03) Posted:
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Heavy lifting: at Dyna-MacPhoto: DYNA-MAC
Looks like no longer need to use expensive workers from China/ Malaysia. SCM can write back some of its provision.
Workers from India and Bangladesh well timed for Dyna-Mac' s project schedules
16 November 2021 3:31 GMT UPDATED 16 November 2021 3:31 GMT
Dyna-Mac Holdings, the Singapore oil and gas fabricator, said it has been able to bring in workers from India and Bangladesh to help it " protect the schedules of our projects" .
The company specialises in the construction of topsides processing modules for FPSOs, and has a net order book worth S$407 million as at 12 November 2021.
Dyna-Mac said in its quarterly business update that the Covid-19 pandemic continues to have an impact on the economy and global supply chains.
" With the help of the government agencies and Association of Singapore Marine Industries (ASMI), we managed to bring in workers from India and Bangladesh progressively. These additional workers will reinforce our manpower resource as well as protect the schedules of our projects," said Dyna-Mac.
With the rise in the oil price, Dyna-Mac said final investment decisions for FPSO projects could be brought forward, and that the company has been receiving serious enquiries both for its Singapore and China operations.
Yard expansion activities are on track for meeting potential demand, while the company is building up middle management and manpower.
Net profit for the first nine months of 2021 was S$3.6 million, a big improvement on the loss of S$46.8 million in the same period of 2020. (Copyright)
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Noted.
Starship ( Date: 17-Nov-2021 00:18) Posted:
U.S. shale has a message for the Biden administration: Ask us to increase oil production, not OPEC
TUE, NOV 16 20218:54 AM EST
U.S. supply bouncing back
There are signs that the U.S. might not need to look further than home for a boost to oil supplies with production in the U.S. already recovering after
demand was hit during the pandemic.
The International Energy Agency said Tuesday that soaring oil prices, which have hit their highest price in seven years of over $80 a barrel amid rampant
demand, could soon turn lower as the U.S. led a rebound in supply.
https://www.cnbc.com/2021/11/16/occidental-to-biden-ask-us-to-increase-oil-production-not-opec.html |
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U.S. shale has a message for the Biden administration: Ask us to increase oil production, not OPEC
TUE, NOV 16 20218:54 AM EST
U.S. supply bouncing back
There are signs that the U.S. might not need to look further than home for a boost to oil supplies with production in the U.S. already recovering after
demand was hit during the pandemic.
The International Energy Agency said Tuesday that soaring oil prices, which have hit their highest price in seven years of over $80 a barrel amid rampant
demand, could soon turn lower as the U.S. led a rebound in supply.
https://www.cnbc.com/2021/11/16/occidental-to-biden-ask-us-to-increase-oil-production-not-opec.html
Noted.
Starship ( Date: 17-Nov-2021 00:13) Posted:
OPEC Says Oil Market Will Soon Be Over-Supplied: Adipec
November 16, 2021 - 14:02
(Bloomberg) -- OPEC said the global oil market will switch from being under- to over-supplied as early as next month as the economic rebound from the coronavirus pandemic falters.
The group&rsquo s Secretary-General Mohammad Barkindo comments come in the shadow of U.S. politicians putting pressure on President Joe Biden to bring down gasoline prices, possibly by banning crude exports and releasing oil from the government&rsquo s strategic reserve. Biden&rsquo s next move has been a key topic in Abu Dhabi, where some of the world&rsquo s biggest oil and gas companies and many energy ministers are attending the Adipec conference.
https://www.swissinfo.ch/eng/opec-says-oil-market-will-soon-be-over-supplied--adipec-update/47114772 |
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OPEC Says Oil Market Will Soon Be Over-Supplied: Adipec
November 16, 2021 - 14:02
(Bloomberg) --
OPEC said the global oil market will switch from being under- to over-supplied as early as next month as the economic rebound from the coronavirus pandemic falters.
The group&rsquo s Secretary-General Mohammad Barkindo comments come in the shadow of U.S. politicians putting pressure on President Joe Biden to bring down gasoline prices, possibly by banning crude exports and releasing oil from the government&rsquo s strategic reserve. Biden&rsquo s next move has been a key topic in Abu Dhabi, where some of the world&rsquo s biggest oil and gas companies and many energy ministers are attending the Adipec conference.
https://www.swissinfo.ch/eng/opec-says-oil-market-will-soon-be-over-supplied--adipec-update/47114772
Heavy lifting: at Dyna-MacPhoto: DYNA-MAC
Looks like no longer need to use expensive workers from China/ Malaysia. SCM can write back some of its provision.
Workers from India and Bangladesh well timed for Dyna-Mac' s project schedules
16 November 2021 3:31 GMT UPDATED 16 November 2021 3:31 GMT
Dyna-Mac Holdings, the Singapore oil and gas fabricator, said it has been able to bring in workers from India and Bangladesh to help it " protect the schedules of our projects" .
The company specialises in the construction of topsides processing modules for FPSOs, and has a net order book worth S$407 million as at 12 November 2021.
Dyna-Mac said in its quarterly business update that the Covid-19 pandemic continues to have an impact on the economy and global supply chains.
" With the help of the government agencies and Association of Singapore Marine Industries (ASMI), we managed to bring in workers from India and Bangladesh progressively. These additional workers will reinforce our manpower resource as well as protect the schedules of our projects," said Dyna-Mac.
With the rise in the oil price, Dyna-Mac said final investment decisions for FPSO projects could be brought forward, and that the company has been receiving serious enquiries both for its Singapore and China operations.
Yard expansion activities are on track for meeting potential demand, while the company is building up middle management and manpower.
Net profit for the first nine months of 2021 was S$3.6 million, a big improvement on the loss of S$46.8 million in the same period of 2020.
(Copyright)
Look at the strong demand for oil amidst the underinvestment. Days are getting brighter and brighter by the days,.Oops let me put on my sunglasses first😎 .
There?s a disconnect in the energy market, and it could lead to future supply shortages, Daniel Yergin, vice chairman of IHS Markit, told CNBC.
International oil companies are under pressure to cut investments in traditional energy production at a time when demand for oil is growing ? and that?s leading to a ?preemptive underinvestment? in supply, Yergin told CNBC?s ?Capital Connection? on Monday at the Abu Dhabi International Petroleum Exhibition and Conference.
He called it a disconnect between the ?realities of the dynamics of the market? and the policies that are being implemented.
Oil producers are ?clearly not investing enough? because investors want them to be more careful and exercise capital discipline, he added.
On the other hand, ?world demand is going to be back where it was in 2019 in the next few months, and ? demand will continue to grow, so you will need investment,? he said.
SCM' s buying back shares sends a strong signal that the company is now confident of its future earnings growth.
My goodness.....9.6 cents by month end. That's more bullish than most forumers here.
SgYuan ( Date: 16-Nov-2021 20:03) Posted:
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I don't know so I won't comment so as not to expose my ignorance. 😆
weekaykee ( Date: 16-Nov-2021 21:22) Posted:
Share buy back is a feeble attempt to generate positive speculation to boost their share price for the ongoing merger discussions.
bystander1965 ( Date: 16-Nov-2021 18:05) Posted:
Can interpret whichever way, whatever, however we wish. Haha. I have no idea.
Co routinely buys back for employee stock options. But SCM has not done so for a long time.
It could be a strong statement to hint they have cash?
Jiak bah bo tai ji cho?
Whatever...
It would be more interesting if they continue to do so for a few more days.
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Share buy back is a feeble attempt to generate positive speculation to boost their share price for the ongoing merger discussions.
bystander1965 ( Date: 16-Nov-2021 18:05) Posted:
Can interpret whichever way, whatever, however we wish. Haha. I have no idea.
Co routinely buys back for employee stock options. But SCM has not done so for a long time.
It could be a strong statement to hint they have cash?
Jiak bah bo tai ji cho?
Whatever...
It would be more interesting if they continue to do so for a few more days.
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The good news is:
Contra are over, we have held the price and absorbed some 150 million shares sold these 2 days.
SCM buy share back despite being a small amount, sends a positive signal. After the last rights they did charity with shareholder funds atleast this time it adds some value to shareholders. Be it small. Hopefully we will see a GREEN ticker tomorrow
At this price, one can't be very wrong. The Rights issue is over. Considering the downside risk versus the upside risk, it's a safe bet. 8 cents is history. I may be wrong. You decide
MANFREDTMK ( Date: 16-Nov-2021 19:46) Posted:
Not the size, the signal
naoshingo ( Date: 16-Nov-2021 19:29) Posted:
| $195k share buyback for a cash strapped company is consider quite significant....lei |
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