Seatrium Limited (formerly SembCorp Marine and KOM)
09-12-2015, 04:36 PM
$1?!!!
 Sembcorp will buyout Sembmarine if it's $1!!! 
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL! 
09-12-2015, 05:35 PM
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” "The farther backward you can look, the farther forward you are likely to see."
10-12-2015, 07:52 PM
http://m.offshoreenergytoday.com/#newsitem-189948
Saw this link from a blog Another postponement, but the terms are think are fair
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
06-01-2016, 07:59 PM
Share price plunge 'makes SembMarine privatisation likely'
JAN 5, 2016 Jacqueline Woo http://www.straitstimes.com/business/com...ion-likely [Image: st_20160105_jwsemb05_1962763.jpg] ____________________________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.
13-01-2016, 05:24 PM
a light-hearted illustration by our PM in 2010 to cheer everyone up despite the current gloom and doom :-)
https://www.youtube.com/watch?v=Zxpg58OIFCs
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
14-01-2016, 11:10 AM
Hey guys,
What are the challenges facing SM and KC in near and future (3 years)? Some immediate i can think of: 1. Impairment in receivables/losses in marine sector 2. Impairment in assets in brazil? 3. Cut dividends 4. Order book clarity 5. Sete brazil bankruptcy Survival 1. How to sustain in low oil prices for next 3 years 2. Capital allocation - Which business line will get priority and which will get chop 3. Fundings - Cost of funding
14-01-2016, 11:14 AM
Hi Alex,
Below are further inputs SembMarine Surivival - Sale of shipyard at Sembawang and maybe another area for funds after moving to Tuas Yard Challenges of KC - Slowing ppty market in China and SG- Evident by Keppel's no of unsold units - Danger of subsidiaries asking money - Krisenergy and Keppel REIT Survival of KC - Funding from shareholders, raising more bonds
14-01-2016, 01:54 PM
Thanks.
One more thing to add, is looking for bottom of oil prices, follow by gradual rebound and not V shape that many are expecting.
14-01-2016, 01:54 PM
Dont you pp think KC is a better or safer buy compared to SM? At least its business is diversified. For the next 5 to 10 years I think SM can eat grass liao since likely no rig orders. I rather buy Sembcorp than SM.
14-01-2016, 02:02 PM
IMO
Depends on what you want. If you buy into a diversified company, there is always the holding company discount to consider. Furthermore, in terms of pure play, SM is a top choice if you want to bet on recovery. Of course, its a one way tix down currently since it is so pure. But, SCI is catching up, there's no running. Big companies move slower, smaller ones (less complex), are faster to change and make decisions. Maybe, they really have to create a SPV to hold unsold rigs and drillships, and list this in future? Who knows.. In times like this, its not an easy call. (Not vested) |
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