Seatrium Limited (formerly SembCorp Marine and KOM)

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Court papers allege Singapore firms paid over $9.5m in bribes for Petrobras contracts

http://splash247.com/court-papers-allege...contracts/
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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Align with the direction of diversification and transformation since ex-Petronas CEO Mr Hassan Marican came to the board a couple of years back.

SEMBCORP MARINE ACQUIRES A 50% STAKE IN KANFA ARAGON AS

Singapore, June 28, 2016: Sembcorp Marine Ltd (“Sembcorp Marine” or the “Company”) is
pleased to announce that it has acquired a 50% equity stake in KANFA Aragon AS (“Aragon”)
for NOK 20 million (the “Acquisition”) from Sevan Marine ASA. A joint venture agreement will
be entered into with Holding KA AS, formed by the existing management and employee
shareholders, who hold the other 50% of the shares in Aragon.

http://infopub.sgx.com/FileOpen/SCMPress...eID=410562
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Financial Statement for 2Q and half year ended 30 June 2016

http://infopub.sgx.com/FileOpen/SCM2Q201...eID=414469
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Re-balancing from Index funds, are expecting...

Sembcorp Marine dropped from ST Index in quarterly review
...
http://www.theedgemarkets.com.sg/sg/arti...rly-review
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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(01-09-2016, 09:45 PM)CityFarmer Wrote: Re-balancing from Index funds, are expecting...

Sembcorp Marine dropped from ST Index in quarterly review
...
http://www.theedgemarkets.com.sg/sg/arti...rly-review

Just saw on POEMS margin requirement up 15% to 20% due to this exclusion happening on 16 September.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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not a positive sign rite? Big Grin
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! 
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Posted loss of $22 million for 3Q, largely because of Cosco and foreign exchange losses. Order book continues to be lackluster.

Slightly reduced net gearing and better cash flow are perhaps the only bright spots.

http://infopub.sgx.com/FileOpen/SCM3Q201...eID=426088
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."
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When GLC management say they expect the co to navigate thru these tough times having gone thru several down cycles in the past, I am wondering whether they have the experience to do that cos, those who did, likely have already rotated out to other companies or maybe became a minister.
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Brazil could pay Petrobras up to US$20 billion over rights: paper

http://www.channelnewsasia.com/news/busi...62424.html
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."
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Hope SCM will get paid for their overdue payments .
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