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Sembmarine

Must have guts to enter the market la... I bought at 1.79 sold at 1.85 ....

 

How to do that?

des_khor      ( Date: 16-Oct-2008 10:52) Posted: just make few hundred bucks ....

 

just make few hundred bucks ....

 

What the target price?

 

support point at 1.85 is broken, next strong support point is at 0.95...... wow..... as you can see from the chart, they run from 1.00 all the way to 3.00 non-stop... oh dear... this is going to be ugly.. zooming down to 1.00.... yes.... we can buy and hold and eat dividend for our rest of life , LOL... patience!

 

Big selling down.

 

A Boring Counter ... man...Net profit seems very low!

source: www.sgdividends.blogspot.com

 

 

Is all Shipping Counter dropping like Cosco? What is a good price for SembMar? It seem to drop alot today like Cosco. Why?

 

When CO declines, oil rigs projects would be affected. Analysts claimed.

 

1	Date of Purchases	11-09-2008
2a	Total number of shares purchased	2,384,000
2b	Number of shares cancelled
2c	Number of shares held as treasury shares	13,693,177
3a	Price paid per share# or	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 3.39	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 3.26	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 7,972,437.90	Currency : [Select Currency]   Amount :

Cumulative no. of shares purchased to-date 2

11,806,000

0.573%

11,806,000

0.573%

 

1	Date of Purchases	10-09-2008
2a	Total number of shares purchased	503,000
2b	Number of shares cancelled
2c	Number of shares held as treasury shares	13,190,177
3a	Price paid per share# or	Currency : S$   Amount :	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 3.39	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 3.33	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 1,697,616.12	Currency : [Select Currency]   Amount :

Cumulative no. of shares purchased to-date 2

9,422,000

0.457 %

9,422,000

0.457 %

 

08 Sep 2008

Sembcorp Marine’s PPL Shipyard has won a US$425 mln contract to build two jack-up rigs for Egyptian Offshore Drilling Company SAE.

 

1.

Date of change of Interest

03-09-2008

2.

Name of Registered Holder

Ngiam Joke Mui

3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
	# Please specify details	Purchase 20,000 Sembcorp Marine shares @ average price of $3.64 per share.

4.	Information relating to shares held in the name of the Registered Holder
	No. of Shares held before the change 157,500   As a percentage of issued share capital 0.008 %   No. of Shares which are subject of this notice 20,000   As a percentage of issued share capital 0.001 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 3.64     No. of Shares held after the change 177,500   As a percentage of issued share capital 0.009 %

 

1	Date of Purchases	15-08-2008
2a	Total number of shares purchased	109,000
2b	Number of shares cancelled
2c	Number of shares held as treasury shares	16,714,690
3a	Price paid per share# or	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 3.79	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 3.77	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 413,368.60	Currency : [Select Currency]   Amount

 

Based on my example, the employee/director pays only $1.00.....their option price.

From the Co. point of view, if they issue new shares for this option, then the $2.00 will be treated as an expense.

If the Co. issues the shares from their Treasury Share A/C (which they bought back earlier and placed it into Treasury), and if they bought it for $2.00, then they will charge the difference of the cost of the Treasury share ($2.00) and the exercise price ($1.00)....i.e. expense to the Co. will be $1.00 ($$2.00 - $1.00).

Think this is basically how it works.

HLJHLJ      ( Date: 14-Aug-2008 21:12) Posted: Thanks. This is the first time i learnt this and from you. I got it now. In other words, it is better to exercise their options at a price nearer to the option pr, and expect a breakout up to very high level. Then it is the most optimal, pay lower tax, and enjoy higher capital gain. 1 qn: Do they have to pay the $2 difference to company when exercising. I think don't need, right? because it is an option. shplayer      ( Date: 14-Aug-2008 10:10) Posted: Besides share buybacks, one should also pay attention to directors's transactions. Yesterday, SGX announced 4 directors exercising their share options. The significance of this may indicate they feel that the share price may be bottoming out  (at least in the short term). The reason being, profits on share options are taxable based on the date of exercising the option. i.e. say the exercise price is $1.00 and the share price closes at $3.00 on the exercise date. The difference of $2.00 ($3.00 - $1.00) is taxable as earned income. So, it makes sense to try to keep the difference between the market price on the option date and the option price at a minimum. If he/she eventually sells the stock at $4.50, then the difference of $1.50 ($4.50 - $3.00) is considered capital gains and not taxable.

 

1	Date of Purchases	13-08-2008
2a	Total number of shares purchased	136,000
2b	Number of shares cancelled
2c	Number of shares held as treasury shares	18,390,688
3a	Price paid per share# or	Currency : S$   Amount :	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 3.67	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 3.66	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 499,418.21	Currency : [Select Currency]   Amount :

 

Thanks. This is the first time i learnt this and from you. I got it now.

In other words, it is better to exercise their options at a price nearer to the option pr, and expect a breakout up to very high level. Then it is the most optimal, pay lower tax, and enjoy higher capital gain.

1 qn: Do they have to pay the $2 difference to company when exercising. I think don't need, right? because it is an option.

shplayer      ( Date: 14-Aug-2008 10:10) Posted: Besides share buybacks, one should also pay attention to directors's transactions. Yesterday, SGX announced 4 directors exercising their share options. The significance of this may indicate they feel that the share price may be bottoming out  (at least in the short term). The reason being, profits on share options are taxable based on the date of exercising the option. i.e. say the exercise price is $1.00 and the share price closes at $3.00 on the exercise date. The difference of $2.00 ($3.00 - $1.00) is taxable as earned income. So, it makes sense to try to keep the difference between the market price on the option date and the option price at a minimum. If he/she eventually sells the stock at $4.50, then the difference of $1.50 ($4.50 - $3.00) is considered capital gains and not taxable.

 

yoh tks, learn something new about taxes. for sure AK no need to pay income tax for 2009 income return.

ha ha AK small fly lah, optionless to buy and sell.

may be one fine day loh. cheers.

 

Besides share buybacks, one should also pay attention to directors's transactions.

Yesterday, SGX announced 4 directors exercising their share options. The significance of this may indicate they feel that the share price may be bottoming out  (at least in the short term).

The reason being, profits on share options are taxable based on the date of exercising the option. i.e. say the exercise price is $1.00 and the share price closes at $3.00 on the exercise date. The difference of $2.00 ($3.00 - $1.00) is taxable as earned income. So, it makes sense to try to keep the difference between the market price on the option date and the option price at a minimum. If he/she eventually sells the stock at $4.50, then the difference of $1.50 ($4.50 - $3.00) is considered capital gains and not taxable.

 

1	Date of Purchases	12-08-2008
2a	Total number of shares purchased	1,479,000
2b	Number of shares cancelled
2c	Number of shares held as treasury shares	18,254,688
3a	Price paid per share# or	Currency : S$   Amount :	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 3.80	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 3.70	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 5,578,440.57	Currency : [Select Currency]   Amount :