SembCorp Industries

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(24-07-2020, 09:04 AM)¯|_(ツ)_/¯ Wrote: There are definitely many reasons for the demerger.

However, I speculate that the strew that breaks the camel would be the thought of SMM drawing down the remaining $0.5b line of credit.

Simply this thought will cause a lot of sleepless nights.

Stay safe and stay healthy, everyone.
Heart

I think the $0.5b is no longer valid... the existing loan will all be converted to SMM shares via debt to equity swap and distributed to SCI shareholders.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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(24-07-2020, 09:04 AM)¯|_(ツ)_/¯ Wrote: There are definitely many reasons for the demerger.

However, I speculate that the strew that breaks the camel would be the thought of SMM drawing down the remaining $0.5b line of credit.

Simply this thought will cause a lot of sleepless nights.

Stay safe and stay healthy, everyone.
Heart

I think the $0.5b is no longer valid... the existing loan will all be converted to SMM shares via debt to equity swap and distributed to SCI shareholders.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
Reply
Rainbow 
Obviously.
SCI don't mind holding on to SM as long as SM don't intend to drawn down the $0.5b credit. Own view.

With the demerger, everyone in SCI can sleep soundly now.
Tongue

Record date/time: 10 Sep 2020 5:30pm

Wear masks and keep your social distance, Specuvestor.
Heart
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Rainbow 
Obviously.
SCI don't mind holding on to SM as long as SM don't intend to drawn down the $0.5b credit. Own view.

With the demerger, everyone in SCI can sleep soundly now.
Tongue

Record date/time: 10 Sep 2020 5:30pm

Wear masks and keep your social distance, Specuvestor.
Heart
Reply
Rainbow 
Divestment
The consideration for the sale took into account the uncertainty of the marine industry outlook and the limited remaining operating period before the business licence expires. The Group’s carrying value of this investment was S$27 million as at June 30, 2020. A S$30 million impairment charge on the investment was taken in the Group’s financial results for the half year ended June 30, 2020.  
https://links.sgx.com/FileOpen/Sembcorp%...eID=630116

Stay home and stay safe, everyone.
Heart
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Rainbow 
Divestment
The consideration for the sale took into account the uncertainty of the marine industry outlook and the limited remaining operating period before the business licence expires. The Group’s carrying value of this investment was S$27 million as at June 30, 2020. A S$30 million impairment charge on the investment was taken in the Group’s financial results for the half year ended June 30, 2020.  
https://links.sgx.com/FileOpen/Sembcorp%...eID=630116

Stay home and stay safe, everyone.
Heart
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Now that spin off is ex and market is closed, I would think SCI should trade closer to a utility company if it can progressively increase its dividend coupled with paying down its debt for next few years as interest rate environment remains low, though management quality might not be top notch
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
Reply
Now that spin off is ex and market is closed, I would think SCI should trade closer to a utility company if it can progressively increase its dividend coupled with paying down its debt for next few years as interest rate environment remains low, though management quality might not be top notch
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
Reply
SCI will trade back to $2 in a few years time.... Buy SCI for long term....easy play to make easy money...
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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SCI will trade back to $2 in a few years time.... Buy SCI for long term....easy play to make easy money...
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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Already gone to $1.36 as of now . EPS should return to above 20 cents easily and Ah Gong will open doors to new business opportunities too . Easily $2 by next year or so ...
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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Already gone to $1.36 as of now . EPS should return to above 20 cents easily and Ah Gong will open doors to new business opportunities too . Easily $2 by next year or so ...
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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(13-09-2020, 09:05 PM)Curiousparty Wrote: SCI will trade back to $2 in a few years time.... Buy SCI for long term....easy play to make easy money...

This posting is clearly promoting SCI though the disclaimer says otherwise.
It would be better if you could enlighten us how you work out that $2 target price.
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(13-09-2020, 09:05 PM)Curiousparty Wrote: SCI will trade back to $2 in a few years time.... Buy SCI for long term....easy play to make easy money...

This posting is clearly promoting SCI though the disclaimer says otherwise.
It would be better if you could enlighten us how you work out that $2 target price.
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