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UPDATED MON, SEP 13, 2021 - 10:00 AM
Sembmarine's battered shares may look cheap now, but there are major risks ahead for investors
Positive news flow could trigger a bounce in the stock, but investors should wait until its merger with Keppel O&M is done and dusted
Sembcorp Marine (Sembmarine)'s board and top executives probably heaved a sigh of relief after shareholders of the beleaguered offshore and marine (O&M) company voted on Aug 23 to approve its controversial rights issue.
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Sembmarine is such an inauspicious name.............sound like.......Submarine.......
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shitty stock. Forget it...
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If CDL's China investment can be sold for $1, SembMar could be only worth $1 too.
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Temasek think will not sell below 8c ...😊
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Later they buy it back at cheap price....
Who has the last laugh?
Dont forget there is a Tuas Mega port coming up.
I dont think will let it close shop.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
(This post was last modified: 13-09-2021, 07:02 PM by
RiseofAsia.)
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Have faith in the top scholars who die die will tink of ways means to save this potential blue chip ..
It just takes a huge project to launch a thousand ships .
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(13-09-2021, 04:03 PM)starbugs Wrote: If CDL's China investment can be sold for $1, SembMar could be only worth $1 too.
$1?? Semb Marine is trading about 0.081 cents for now.
Maybe you got it mixed up with Semb Corp??
(This post was last modified: 13-09-2021, 10:55 PM by
hansamu.)
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(13-09-2021, 10:55 PM)hansamu Wrote: $1?? Semb Marine is trading about 0.081 cents for now.
Maybe you got it mixed up with Semb Corp??
$1 for the whole company. Not per share lah
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SMM looks quite hopeless. Maybe next year another rights issue.
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Can keppel reject the merger with SMM?
(This post was last modified: 14-09-2021, 08:03 PM by
Instinct.)
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Any prediction for SMM price tomorrow?
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No way Keppel can reject this KOM merger...judging from previous SMM EGM voting result...
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