$SEMBCORP MARINE LTD(S51.SI)$

With Temasek's blessing, SCM's rights issue is a foregone conclusion. The renounceable rights, when traded, will face the following:

1. tail swallowing investment strategy by existing shareholders

2. death spiral arbitrage between the SCM rights and the SCM share

3. knowing Keppel shareholders will get the same share for free

4. knowing part of the proceeds will go indirectly to Keppel (despite SCM insisting not)

SCM rights, when traded, is in a perfect storm to trade very close to zero.............

SGX Stocks Opportunities

Share SGX companies' analysis and opportunities with Tigers!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":140146378,"tweetId":"140146378","gmtCreate":1625641513994,"gmtModify":1703745473996,"author":{"id":3574663090956854,"authorId":3574663090956854,"authorIdStr":"3574663090956854","name":"Jerry LCY","avatar":"https://static.tigerbbs.com/f2f804b45ea8c6143898232e7f20a3bf","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.24","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":16,"starInvestorFlag":false},"themes":[{"themeId":"f30d73afc024457d84b85d95767a82d8","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"SGX Stocks Opportunities","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":f30d73afc024457d84b85d95767a82d8}&rnconfig={\"headerBarHidden\": true}","description":"Share SGX companies' analysis and opportunities with Tigers!","image":"https://static.tigerbbs.com/977210e5ffb1dd4d02a1ad243fb4fb66"}],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>With Temasek's blessing, SCM's rights issue is a foregone conclusion. The renounceable rights, when traded, will face the following:1. tail swallowing investment strategy by existing shareholders2. death spiral arbitrage between the SCM rights and the SCM share3. knowing Keppel shareholders will get the same share for free4. knowing part of the proceeds will go indirectly to Keppel (despite SCM insisting not)SCM rights, when traded, is in a perfect storm to trade very close to zero.............</body></html>","htmlText":"<html><head></head><body><a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>With Temasek's blessing, SCM's rights issue is a foregone conclusion. The renounceable rights, when traded, will face the following:1. tail swallowing investment strategy by existing shareholders2. death spiral arbitrage between the SCM rights and the SCM share3. knowing Keppel shareholders will get the same share for free4. knowing part of the proceeds will go indirectly to Keppel (despite SCM insisting not)SCM rights, when traded, is in a perfect storm to trade very close to zero.............</body></html>","text":"$SEMBCORP MARINE LTD(S51.SI)$ With Temasek's blessing, SCM's rights issue is a foregone conclusion. The renounceable rights, when traded, will face the following: 1. tail swallowing investment strategy by existing shareholders 2. death spiral arbitrage between the SCM rights and the SCM share 3. knowing Keppel shareholders will get the same share for free 4. knowing part of the proceeds will go indirectly to Keppel (despite SCM insisting not) SCM rights, when traded, is in a perfect storm to trade very close to zero.............","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/140146378","repostId":0,"isVote":1,"tweetType":1,"viewCount":1282,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["S51.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":452,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/140146378"}