Seatrium (formerly known as SembMarine)

Re: Sembcorp Marine

Postby behappyalways » Wed Feb 22, 2017 7:29 pm

SembMarine returns to profitability in 4Q on absence of one-off impairments, provisions
http://www.theedgemarkets.com.sg/articl ... provisions
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Re: Sembcorp Marine

Postby behappyalways » Sat Apr 29, 2017 5:36 pm

Sembcorp Marine posts 28% lower 1Q earnings of $40 mil even as oil prices stabilise
http://www.theedgemarkets.com.sg/sembco ... stabilises
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Re: Sembcorp Marine

Postby behappyalways » Fri Jul 28, 2017 4:19 pm

sembmarine-2q-earnings-halved-56-mil
https://www.theedgesingapore.com/sembma ... ved-56-mil
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Re: Sembcorp Marine

Postby behappyalways » Sat Oct 07, 2017 7:57 pm

sembmarine-takes-15-mil-loss-sale-nine-rigs-borr-drilling-18-bil
https://www.theedgesingapore.com/sembma ... ing-18-bil
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Re: Sembcorp Marine

Postby behappyalways » Thu Nov 02, 2017 9:00 pm

sembcorp-marine-swings-back-profitability-3q-forex-gains
https://www.theedgesingapore.com/sembco ... orex-gains
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Re: Sembcorp Marine

Postby behappyalways » Sun Dec 10, 2017 4:15 pm

sembmarine-wins-661-mil-statoil-contract-build-fpso-hull-and-living-quarters
https://www.theedgesingapore.com/sembma ... g-quarters
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Re: Sembcorp Marine

Postby behappyalways » Tue Dec 26, 2017 2:55 pm

sembcorp-marine-dispose-semi-submersible-rig-672-mil
https://www.theedgesingapore.com/sembco ... ig-672-mil
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Re: Sembcorp Marine

Postby winston » Mon Jan 22, 2018 10:15 am

not vested

Sembcorp Marine: An offer coming?

Sembcorp Marine’s share price spiked 9.4% on Tue last week and another 9.5% on Fri.

There can be several reasons behind this, such as
1) a potential privatisation or divestment by SCI,
2) no fine or small fine with regards to Brazil as opposed to Keppel Corp, or
3) a big order is coming up.

However, judging from the recent price action, the possibility of scenario 1 seems quite likely. Currently, SMM is trading at 1.9x P/B, which is higher than the +1 s.d. level based on a three year historical average.

In mid-2015, SMM also traded at 1.9x book and Brent then was around US$66/bbl which is similar to the current price.

We have been valuing SMM at 1.85x book but had earlier trimmed the book to be conservative post Keppel Corp’s S$590m fine.

We adjust our estimated book value and increase our P/B to 2.0x, arriving at a fair value estimate of S$2.37.

Should an offer for SMM materialize, there could still be some upside supposing the price offered is higher, which is typically the case to entice shareholders to bite.

Assuming a 20% premium from current levels, this would translate to about S$2.76/share.

Source: OCBC
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Re: Sembcorp Marine

Postby behappyalways » Thu Feb 22, 2018 3:24 pm

SembMarine swings into the red in 4Q with $33.8 mil loss
https://www.theedgesingapore.com/sembma ... 8-mil-loss
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Re: Sembcorp Marine

Postby behappyalways » Fri Apr 27, 2018 9:33 pm

Sembcorp Marine reports lower 1Q earnings of $5.3 mil on lower contributions from platforms division, absence of one-off gain
https://www.theedgesingapore.com/sembco ... tributions
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