SembMarine Will Revisit 11.3 cts Low After Releasing FY2020 Results on 23Feb2021
#41
23-2-2021 11:11 PM
5354 said:
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]

General and administrative expenses $93,287,000 for FY2020

Depreciation and amortisation $192,340,000 for FY2020

Before this CONTRACTOR can become profitable after 4 consecutive years of losses which will continue into 2021 it must win NEW orders for its annual TURNOVER to be above $4 billion a year (assuming average gross margins of 10% for projects/orders)

Why? Because every year it has to pay $90M in NET interest costs, $93M in General & Admin expenses (including staff salary) and about $190M in Depreciation & Amortisation, total about $373M a year, so annual TURNOVER must be more than $4B (assuming 10% gross margin) before this loss making CONTRACTOR (SembMarine) can be profitable again

Get it you fcuking idiots?

[Image: K5YP6FO.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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#42
23-2-2021 11:31 PM
5354 said:
General and administrative expenses $93,287,000 for FY2020

Depreciation and amortisation $192,340,000 for FY2020

Before this CONTRACTOR can become profitable after 4 consecutive years of losses which will continue into 2021 it must win NEW orders for its annual TURNOVER to be above $4 billion a year (assuming average gross margins of 10% for projects/orders)

Why? Because every year it has to pay $90M in NET interest costs, $93M in General & Admin expenses (including staff salary) and about $190M in Depreciation & Amortisation, total about $373M a year, so annual TURNOVER must be more than $4B (assuming 10% gross margin) before this loss making CONTRACTOR (SembMarine) can be profitable again

Get it you fcuking idiots?

[Image: K5YP6FO.png?1]

Sembmarine’s is presently a "chow tar" CONTRACTOR with just S$1.82 billion net order book as of end 2020, comprising S$1.51 billion of projects under execution and S$310 million-worth of ongoing repairs and upgrading work.

If you are not some fcuking retard with a pea size brain, you will agree with my OBJECTIVE analysis here based on FACTS

CONTRACTOR SembMarine must win new orders consistently to generate $4B turnover per annum before it can become profitable again

When you invest you must use your brain to think like me so that you can INVEST PROPERLY and avoid the mistake made by idiots like sgbuffett when he bought SembMarine for his end state from $1.80 to $1.20 from 2018 to 2019

You must know yourself and your RISKS before you can be a consistent WINNER

There are 2 major RISKS your must be aware of before you rush to buy SembMarine

You could get arrse fcuked like sgbuffett when SembMarine caught all the morons here with their pants down after their 5 to 1 rights issue if Temasek used SembMarine to buy over Keppel O&M's $2.6B rigs assets

And SembMarine made no provisions for potential impairments for the rigs it gave away to Borr Drilling on USD 800M credit
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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#43
23-2-2021 11:10 PM
David Rasif said:
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...

You stupid fcuk!

SembMarine is a CONTRACTOR with no asset other than its white elephant yards with plant and equipment and cancelled incomplete rigs from "corruption" business worth scrap iron

And SCI does not own SembMarine
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
#44
Unless you know something more than what the market knows, e.g price manipulation, otherwise, it is better to leave the market and let it find its target price.

[Image: txv99]
Talk is always cheap and easy. Talks only with weak or no reference are most likely just empty talks or lies.
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#45
Market seem like this report volume and price up !!...or market don't know what we know ?
dunsee
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#46
24-2-2021 6:19 AM
ysh02 said:
Market seem like this report volume and price up !!...or market don't know what we know ?
dunsee

You bought before or after the 5 to 1 rights issue announcement?
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
#47
Buy last year at right 20c lah....?
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#48
24-2-2021 7:26 AM
ysh02 said:
Buy last year at right 20c lah....?

That price still got hope to make profits from speculative price movements

One moron here bought piles from $1.80 to $1.20, still holding

Poor bastard!
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
#49
24-2-2021 7:51 AM
5354 said:
That price still got hope to make profits from speculative price movements

One moron here bought piles from $1.80 to $1.20, still holding

Poor bastard!

I told you many times to stop your lies but you have no integrity.

My Sembcopr Marine qas obtained free as i bought into Sembcorp Industries before demerger....a move you were rabidly against and flooded my thread. It turned out to be profitable.

https://sgtalk.org/mybb/Thread-Morning-t...p-industry

I added more after demerger which i also posted here the actual buy trades.

https://sgtalk.org/mybb/Thread-Sembcorp-...cts?page=1

You claimed stock will drop to 11.3cts after results. Results are out already.
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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#50
24-2-2021 8:32 AM
sgbuffett said:
I told you many times to stop your lies but you have no integrity.

My Sembcopr Marine qas obtained free as i bought into Sembcorp Industries before demerger....a move you were rabidly against and flooded my thread. It turned out to be profitable.

https://sgtalk.org/mybb/Thread-Morning-t...p-industry

I added more after demerger which i also posted here the actual buy trades.

https://sgtalk.org/mybb/Thread-Sembcorp-...cts?page=1

You claimed stock will drop to 11.3cts after results. Results are out already.

Yes, that was before the FY2020 financial statements were released.

I just said your end state SembMarine may drift to 5 cts in the near future

And I explained why with valid reasons and financials from the just released FY2020 financial statement
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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