I had previously subscribed to $10k+ worth of Sembmarine Rights issues at $0.08. However, when I last looked at the price in March 2022, it was still stuck at around 8 cents. While I was doing my mid-year portfolio review (update soon), I realised that Sembmarine has shot up briefly to $0.13 last month but is now hovering at $0.115 which would be a 43.5% gain from the March 2022 price, translating to a low 5-digit gain. This would presumably have something to do with a possible Keppel merger.
As I had no real intention to buy and hold this counter, I plan to unload as least half of my SMM at $0.12. The rest, maybe try my luck and wait for a Keppel buyout?
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