Potatingus
Member
- Joined
- Sep 29, 2012
- Messages
- 109
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SMM should not go lower than $0.20 since this is the price of the rights.
Most of SCI will have factor in 4-5 SMM shares per 1 SCI shares.
So getting back ~$0.80 per SCI shares.
If current SCI persist at $1.70 then post-demerger, SCI should be trading $1.70-$0.80 = $0.90.
Do you think SCI is worth $0.90 after demerger?
Is SMM worth $0.20 after having Temasek as the main shareholder?
Of course, all these will be invalid if 3 resolutions are not passed.
Anyway, please do your own research.
Thanks for your perspective. Just that a bird in hand is always better than 2 in bush. From the announcement back in June until now is a long period of uncertainty for stockholders to bear I guess...
Bought my SCI shares at around 1.59 which is the main reason why I stuck around... Doubtful that the value will go below this amount. Just thinking out loud in terms of what could have been...
But then SCM going crazy today, so lets see