SembMarine Will Revisit 11.3 cts Low After Releasing FY2020 Results on 23Feb2021
#31
Ladies and gentlemen

When trading of SemMarine shares were halted at 85 cts right before announcement of 5 to 1 rights issue

sgbuffett still holding his piles of end state SembMarine which he averaged down from $1.80 to $1.20

sgbuffett's losses were to big for him to swallow and he was caught with his pants down when price crashed below $1

He bought his largest piles of SembMarine shares at around $1.20, about $200,000 based on his brags as he posted his purchases thinking he sure to make money but got fcuked big time

4-6-2020 9:55 AM
sgbuffett said:
I lost busload of money on Seloobmarine because the oil downturn turned out to be prolonged and extend further due to.COVID19.

If you look at sembmarine/ sembcorp history these cycles are like high tide and low tide. The maim thing is not to allow low tide to kill you ..eventually the cycle turns.

The bottom will be borne out by extreme pessimism layoffs and a sense that there is no hope.

Recoveries can be very rapid hence most investors will miss out.

[Image: DOJvWel.png]

However some of the problems with the cyclical strategy is low interest rates and easy money means competitors dont die fast enough during down turn to bring about a strong recovery ..

https://sgtalk.org/mybb/Thread-Sembcorp-any-news
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
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#32
18-2-2021 8:40 AM
ysh02 said:
So you suggest Govt or Temasek will bill them out ?....
duntell duntell duntell

Sembcorp Marine in plan to raise $2.1 billion with SUPPORT FROM TEMASEK, demerge from parent https://www.straitstimes.com/business/co...ek-demerge
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#33
Roughly how long after results for it to hit 11.3cts?
Results was out this morning.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#34
No drop leh...up 5c too!..? Why price in the bad result har
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#35
23-2-2021 10:18 AM
sgbuffett said:
Roughly how long after results for it to hit 11.3cts?
Results was out this morning.

With sgbuffet financial support,SMM price has risen despite poor result ?
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#36
23-2-2021 10:52 AM
forum456 said:
With sgbuffet financial support,SMM price has risen despite poor result ?
Waliao I so power? I oso dun know.

But 60% majority shareholder is Temasek.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
Quote
#37
23-2-2021 10:18 AM
sgbuffett said:
Roughly how long after results for it to hit 11.3cts?
Results was out this morning.

FY2020 results very bad, S$587,208,000 net loss

https://links.sgx.com/FileOpen/SCM%20FY2...eID=649057

Nothing positive, Sembmarine expects its financial losses to continue into in 2021 uncertain when it can be profitable

No dividend

4th consecutive year of losses

Value investors will not touch this stock with a 10 foot pole

True value of this loss making bankrupt company is NEGATIVE

May drift to 5 cts low in the near future
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
Quote
#38
23-2-2021 10:04 PM
5354 said:
FY2020 results very bad, S$587,208,000 net loss

https://links.sgx.com/FileOpen/SCM%20FY2...eID=649057

Nothing positive, Sembmarine expects its financial losses to continue into in 2021 uncertain when it can be profitable

No dividend

4th consecutive year of losses

Value investors will not touch this stock with a 10 foot pole

True value of this loss making bankrupt company is NEGATIVE

May drift to 5 cts low in the near future

Interest bearing loans $3.55 billion as at 31Dec2020

29.21 cts book net asset value as at 31Dec2020 derived from $3,696,147,000 net asset is MEANINGLESS and MISLEADING for a loss making company with $4,114,919,000 in non-current asset spent on Property, Plant & Equipment

Because the capital expenditures ($4,114,919,000) spent on Plant/Equipment can never be recovered, worth scrap iron when a debt laden CONTRACTOR (SembMarine) with a dwindling order book is unable to generate profits to repay maturing debt

[Image: 3WbER6Y.png?1]
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
Quote
#39
they will sell assets and become EV(electric vehicle) business arm of SCI...issue another $1bllion rights shares...Temasek backed...Price will soar to $1.00.. no share consolidation needed...
All My Posts are Fake News and Comments are Untrue.
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#40
23-2-2021 10:54 PM
5354 said:
Interest bearing loans $3.55 billion as at 31Dec2020

29.21 cts book net asset value as at 31Dec2020 derived from $3,696,147,000 net asset is MEANINGLESS and MISLEADING for a loss making company with $4,114,919,000 in non-current asset spent on Property, Plant & Equipment

Because the capital expenditures ($4,114,919,000) spent on Plant/Equipment can never be recovered, worth scrap iron when a debt laden CONTRACTOR (SembMarine) with a dwindling order book is unable to generate profits to repay maturing debt

[Image: 3WbER6Y.png?1]

FY2020 net Finance Cost about $90 million from the massive interests bearing debts

Which fund would invest in an unprofitable CONTRACTOR that has to pay about $90 million in NET interests a year?

[Image: Es4omXq.png?1]
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
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