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Sembmarine

Dear All,
If SCM succesasfully demerge from SCI, and looking forward will TH wants to merge the SCM with Keppel Crop (by injecting the Keppel O& M business into SCM)? If affirmative, what is the Pros & Cons for SCM & KC shareholders towards this merging? Tks.

 

Vote yes for the deal and both SCI and SCM will prosper in years to come.

josemmm123      ( Date: 18-Jul-2020 10:57) Posted: I would advice SCM shareholders to sell SCM and buy SCI instead. U get to have SCM shares back and also enjoy the potential capital gain of SCI. In the end, ur loss will be greatly reduced. AND if u hold on to ur SCI + SCM (free shares) for 2-3 years and oil price and economy improves, you may even make capital gain.

 

I would advice SCM shareholders to sell SCM and buy SCI instead. U get to have SCM shares back and also enjoy the potential capital gain of SCI. In the end, ur loss will be greatly reduced. AND if u hold on to ur SCI + SCM (free shares) for 2-3 years and oil price and economy improves, you may even make capital gain.

 

 

If SCM vetos and goes bankrupt / liquidated, SCI will be happy too. It has strong urban and energy business which is growing fast. The $1.5b debt will still likely get repaid since debt > equity. Massive profits for SCI after SCM go bust!

 

Over at hyflux thread... http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=1473& recordCount=840
U look at Hyflux bondholders and shareholders situation. Is quite painful for them... Hope SCM shareholders can understand that Veto is not doing them any good.

 

SCI wanted to privatiez scm in 2002 or 2003 with a $1.10 takeover offer, but SCM shareholders reject. In good times SCI SH will complain premium not enough, bad times also complain SCI for being mercenary....anyway i think this deal is a given because the losses are just too great, not many rational SH will deny chance to wipe out 1.5b debt and get temasek as backer. Better prepare some funds to subscribe the rights

Sgvale      ( Date: 18-Jul-2020 08:15) Posted: SCI can't wait to part way with SCM. Because it is been a drag. Can't privatise & offer a price for SCM? Parted already SCI can still own SCM for free without the drag. SCM shareholders still have to fork out money again for the rights & support SCM future operation. SCI drag had been transferred to SCM shareholders. Can stomach? Best option is to liquidate SCM now or SCI to privatise SCM.

 

that' s why i say, SCM shareholders should exchange their shares with HYFLUX shareholders. Hyflux shareholders have been asking/begging/urging/scolding/pleading/requesting/petition Temasek to help them but no avail.

Now Temasek willing/volunteer to help SCM shareholders and yet some of the shareholders dun appreciate the help/support and want to Veto.. then when the time comes and SCM ends up like Hyflux, they will start to regret.

HYFLUX shareholders would do anything to have Temasek' s help/support. Go talk to the hyflux shareholders.

At least with Temasek' s help/support, u still got chance when oil price returns to above $80... u reject temasek' s help, the only way is bankrupcy just like Hyflux.. Then cry over spill milk is too late already.

tangoanna      ( Date: 18-Jul-2020 10:17) Posted: SCI is effectively paying $1.5b for your SCM. It is not free shares. How about you get SCM to repay the $1.5b to SCI then? Privitise your loss making company? Why not simply liquidate and give you the residual? Temasek is trying to revive SCM through this restructuring and will be injecting the most cash into it. Wake up SCM holders! Sgvale      ( Date: 18-Jul-2020 08:15) Posted: SCI can't wait to part way with SCM. Because it is been a drag. Can't privatise & offer a price for SCM? Parted already SCI can still own SCM for free without the drag. SCM shareholders still have to fork out money again for the rights & support SCM future operation. SCI drag had been transferred to SCM shareholders. Can stomach? Best option is to liquidate SCM now or SCI to privatise SCM.

 

Rise and fall of businesses. That is normal.

SCI could simply dispose SMM through liquidation and recover the $1.5b loan plus residual interests from its 61% ownership of SMM.

Be happy that SCI and temasek is give SMM a lifeline. 

 

Sgvale      ( Date: 18-Jul-2020 08:19) Posted: When times are good, SCM has been a great contributor to SCI coffers. Now no good, SCI want to part way. Want to part, at least wait till SCM turns profitable again. Sgvale      ( Date: 18-Jul-2020 08:15) Posted: SCI can't wait to part way with SCM. Because it is been a drag. Can't privatise & offer a price for SCM? Parted already SCI can still own SCM for free without the drag. SCM shareholders still have to fork out money again for the rights & support SCM future operation. SCI drag had been transferred to SCM shareholders. Can stomach? Best option is to liquidate SCM now or SCI to privatise SCM.

 

SCI is effectively paying $1.5b for your SCM. It is not free shares. How about you get SCM to repay the $1.5b to SCI then?

Privitise your loss making company? Why not simply liquidate and give you the residual?

Temasek is trying to revive SCM through this restructuring and will be injecting the most cash into it. Wake up SCM holders!

Sgvale      ( Date: 18-Jul-2020 08:15) Posted: SCI can't wait to part way with SCM. Because it is been a drag. Can't privatise & offer a price for SCM? Parted already SCI can still own SCM for free without the drag. SCM shareholders still have to fork out money again for the rights & support SCM future operation. SCI drag had been transferred to SCM shareholders. Can stomach? Best option is to liquidate SCM now or SCI to privatise SCM.

 

When times are good, SCM has been a great contributor to SCI coffers. Now no good, SCI want to part way.

Want to part, at least wait till SCM turns profitable again.

Sgvale      ( Date: 18-Jul-2020 08:15) Posted: SCI can't wait to part way with SCM. Because it is been a drag. Can't privatise & offer a price for SCM? Parted already SCI can still own SCM for free without the drag. SCM shareholders still have to fork out money again for the rights & support SCM future operation. SCI drag had been transferred to SCM shareholders. Can stomach? Best option is to liquidate SCM now or SCI to privatise SCM.

 

SCI can't wait to part way with SCM. Because it is been a drag. Can't privatise & offer a price for SCM?

Parted already SCI can still own SCM for free without the drag. SCM shareholders still have to fork out money again for the rights & support SCM future operation. SCI drag had been transferred to SCM shareholders. Can stomach?

Best option is to liquidate SCM now or SCI to privatise SCM.

 

For those holding SCM shares, voting for the rights shares would be the best exit strategy. Unless you' re prepared to hold a few more years to break even or take profit.

 

Seems like Option 1 is the best thing to do, have to wait for the rights issue circular then to subscribe to it. From the announcement i believe it' s 5 rights shares for every SCM share at $0.2/rights share.

josemmm123      ( Date: 17-Jul-2020 14:46) Posted: They can either 1) sell their Semb marine rights when  the  rights are  trading.. estimate each right worth  $0.05 to $0.10  and they have 4 to 5  rights for every 1 semb marine share or 2)  Sell their semb marine shares before XE or even now and switch to SCI and enjoy fruits of SCI and get back Semb marine for free.. ==> both case 1) and case 2) they dun have to fork out extra $$$.. or 3) Subscribe for the rights  = Averaging down and hope Semb marine switch to green energy pays off or oil price recovers back to $80 within 2 years or 4) they will  lose alot of $$$ if they do nothing at all Sgvale      ( Date: 17-Jul-2020 14:42) Posted: It's either your part your way with SCM now with losses or to invest more with rights. Making a bet if you think it has chances to survive this rout. But then you also missed other good opportunities in the market.

 

To those Semb marine shareholders who want to VETO the Temasek' s help, I suggest u exchange ur Semb marine shares with Hyflux shareholders. Many of them want Temasek to help them...

 

They can either
1) sell their Semb marine rights when  the  rights are  trading.. estimate each right worth  $0.05 to $0.10  and they have 4 to 5  rights for every 1 semb marine share
or
2)  Sell their semb marine shares before XE or even now and switch to SCI and enjoy fruits of SCI and get back Semb marine for free..
==> both case 1) and case 2) they dun have to fork out extra $$$..

or

3) Subscribe for the rights  = Averaging down and hope Semb marine switch to green energy pays off or oil price recovers back to $80 within 2 years

or

4) they will  lose alot of $$$ if they do nothing at all

Sgvale      ( Date: 17-Jul-2020 14:42) Posted: It's either your part your way with SCM now with losses or to invest more with rights. Making a bet if you think it has chances to survive this rout. But then you also missed other good opportunities in the market. Sgvale      ( Date: 17-Jul-2020 14:37) Posted: SCM is cash burning. Shareholders if participate rights exercise will see life line from Temasek. But will more willing to part their hard-earned money on SCM with no visibility on sight?

 

It's either your part your way with SCM now with losses or to invest more with rights. Making a bet if you think it has chances to survive this rout. But then you also missed other good opportunities in the market.

Sgvale      ( Date: 17-Jul-2020 14:37) Posted: SCM is cash burning. Shareholders if participate rights exercise will see life line from Temasek. But will more willing to part their hard-earned money on SCM with no visibility on sight?

 

SCM is cash burning. Shareholders if participate rights exercise will see life line from Temasek. But will more willing to part their hard-earned money on SCM with no visibility on sight?

 

You sibei jialat. Your posting is exactly the way your name is.

ruanlai      ( Date: 16-Jul-2020 02:48) Posted: SCM will be open free fall to below 30cents........4896 SCI will also get drag down below $1.60 on pre-open....9696

 

Sinagapore shipbuilding group Sembcorp Marine&rsquo s CEO Wong Weng Sun has volunteered to take a 50% pay cut as part of the group&rsquo s cost reduction measures.

In the meantime, other members of the management team will be taking a 10-15% pay cut while employees earning above S$1,800 ($1,293) per month will also take a 5% pay cut.

 

yes totally agree... SCI without SCM will be re-rated as profit improves greatly  and eventually goes back to CE (cum entitlement) price after 1 year.. So basically u will be getting free 5x SCM shares if u hold on for 1 year.

 

michaeltan      ( Date: 16-Jul-2020 18:50) Posted: I think the right choice is switch to SCI. If you own 2000 shares of SCI, you get 9000 shares SCM for free.   josemmm123      ( Date: 16-Jul-2020 17:33) Posted: another way is to switch ur fund from Semb Marine to Semb Ind :