Anonymous
Invested at its peak and Unfortunately I have lost about 40%. Not sure if I should hold longer as times do not seem good. It is not money that I need anytime soon.
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Loh Tat Tian
01 Feb 2019
Founder at PolicyWoke (We Buy Insurance Policies)
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I'm not familiar with Sembcorp Marine but since you mentioned that you won't need the money anytime soon, I would advice you to continue holding to collect more dividends and reduce your cost.
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Gabriel Tham
29 Jan 2019
Tag Team Member at Kenichi Tag Team
I think you need to ask yourself:
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Sembcorp marine currently is trending at 1.58 to 1.63. This is due to uncertainty of the oil price and furthermore on the contracts to be awarded to them.
Their free cashflow may be used to pay off debts and hence may not even have final dividend. Though we expect oil price to increase steadily towards $60USD which will bring back some profits next year. Its going to be a long term (2 years) if you Continue to be vested.
Hopefully the rumour about acquisition is near and may help you to realise less losses (if there is a merger and acquisition).