Seatrium (formerly known as SembCorp Marine) *Official* (SGX: S51)

[lzydata]

Last date to accept offer is 3 November, 2 more weeks.

NOTICE TO SHAREHOLDERS REGARDING ELECTRONIC DISSEMINATION OF THE OFFEREE CIRCULAR (THE “NOTICE”)
https://links.sgx.com/FileOpen/Notice to Shareholders.ashx?App=Announcement&FileID=687452

 

[skpuppy]

In one’s life, u have many opportunities to fix something. If u don’t fix it, then u just have to blame urself

 

[tok_kok]

What if one takes no action and ignores the offer?

 

[vsvs24]

What if one takes no action and ignores the offer?

If you don’t wish to accept the Offer, you can ignore this.

https://www.drwealth.com/sembcorp-m...rtKit&utm_medium=email&utm_campaign=broadcast

 

[Pocoyoz]

https://www.upstreamonline.com/coronavirus/sembcorp-marines-18-months-of-covid-woes/2-1-1085225

 

[vsvs24]

https://www.upstreamonline.com/coronavirus/sembcorp-marines-18-months-of-covid-woes/2-1-1085225

Thanks. Our local news never give so much details.

 

[Pocoyoz]

Wan le. need to q to sell @ 0.08


Read HWZ Forum Rules!

 

[ashethen]

Looks like this thread will go from being furious about the 8 cent offer, to anxiously hoping to sell off at 8 cents.

 

[lzydata]

SHARES of Sembcorp Marine (Sembmarine) ended at S$0.079 on Friday (Oct 22), below the S$0.08 offer price set by Temasek in its mandatory general offer last month.

This comes as a media report on Thursday said that Sembmarine's work on the Johan Castberg vessel has been hit by "serious manpower shortages" due to the pandemic, and the project owner is set to transport the unfinished components from Singapore to Norway.

https://www.businesstimes.com.sg/co...-s008-offer-price-customer-to-move-unfinished

 

[Pocoyoz]

https://e24.no/olje-og-energi/i/L5Wb6R/frykter-castberg-oppstart-utsettes-til-2025
The ship will depart from Singapore without a turntable (turret), which entails significant additional work when it has to be installed afterwards.
That the ship will have weakened integrity as a result of it being taken to Stord before necessary repairs have been made at the shipyard in Singapore.

Sent from Pocoyo Fan Club

 

[starbugs]

Looks like Temasek is also not supporting the price on the open market. By right, Temasek would mop up all those on the 8c ask queue if it's genuinely keen on a takeover. It shows Temasek is not optimistic on SMM either and is just going through the motion for the GO.

 

[reddevil0728]

Looks like Temasek is also not supporting the price on the open market. By right, Temasek would mop up all those on the 8c ask queue if it's genuinely keen on a takeover. It shows Temasek is not optimistic on SMM either and is just going through the motion for the GO.

Actually no point waste transaction cost on that ma

 

[vsvs24]

will there be cancellation because of project delivery delay?

dunno so jialat
https://www.offshore-energy.biz/repairs-on-johan-castberg-fpso-hull-to-delay-completion-by-a-year/

This was posted in June 2021.

 

[sellipad2]

weird how can it go below temasek take over price in theory? doesnt make sense. if want to queue and sell at 8c may as well sell to temasek

 

[Euqorab]

Received two letters in mailbox

Tales of two different stocks

sugar cane shareholders vs treasured shareholders

 

[philips107]

weird how can it go below temasek take over price in theory? doesnt make sense. if want to queue and sell at 8c may as well sell to temasek

I can't understand either, why anyone would want to incur the transaction costs when they can sell to Temasek at the same price.

Looks illogical to me unless there's something I have not considered ... any gurus able to enlighten? thanks!

 

[Pocoyoz]

weird how can it go below temasek take over price in theory? doesnt make sense. if want to queue and sell at 8c may as well sell to temasek

can get back money sooner, mgo may not reach 50%


Sent from Pocoyo Fan Club

 

[usarmy]

Last year SCM and SMM demerger, same discussion among shareholder also think temasek will not let the share price drop below 20cts, and it went all the way down to ard 12cts before it rebound back to 20cts.

 

[sellipad2]

SMM case the share price dropped when demerger was announced and shares were already given to SCI shareholder, current temasek mandatory offer still stand at 8c

only reason i can think of is market think the resolution will not get passed so offer become invalid

was reading a yahoo article on SMM this morning and there is a chance of 3rd right issue if condition doesnt improve due to the 2H profit warning

 

[skpuppy]

SMM case the share price dropped when demerger was announced and shares were already given to SCI shareholder, current temasek mandatory offer still stand at 8c

only reason i can think of is market think the resolution will not get passed so offer become invalid

was reading a yahoo article on SMM this morning and there is a chance of 3rd right issue if condition doesnt improve due to the 2H profit warning

Yup. Confirm will come in my opinion