The gov wants to develop L&G's landbanks? with gov investment in infrastructure? 3 projects will be launched? Landbanks will increase in value? Sudden increase in NAPS? Why are big investors coming back in L&G? A reversal after a decade of downtrend? 10 years uptrend coming up? If this is true, new TP should be somewhere around 40 cents? The good news should be announced today. Buy buy buy!

Oil price is going down. Re-enter in November when Iron sanction is effective. Take a rest from this counter and chase L&G. High dividend ex date 4 Oct.

SAPNRG will most likely stay stagnant until all RIs are sold. It will go down to less than 30 cents, like SpinningLotus said. Better take a rest from this counter and chase L&G. High dividend ex date 4 Oct.

Relax. SAPNRG has strong PNB back up. 70% of its business is non-local. It has national interest. It is not allowed to fail.

Plus, oil price is soaring. Iran sanction will come into effect in November. Smaller oil producing countries like Malaysia need to do more drilling to increase production.

SAPNRG's graph has a lag of 2 years compared to oil price. Now it's at the lowest position. It will (maybe) only go up after this.

Somebody has to pump up the price right before the EGM. Sharks (high frequency automated traders) will come after the RI, before the news about E&P listing and drilling segment partnered. I believe there will be a rebound right before the EGM and a stronger one after the RI exercise.

Once PNB becomes the majority shareholder, Tan Sri Shahril will pay dividends. After that, the price will settle.

Hold your shares and subsribe RIs, or sell your rights.

You can sell when they pump up the price before the EGM. Or sell when sharks come back after RI. Or sell after E&P listing. Or sell when they start giving dividends. Do whatever you want but don't sell now.

Uncle Lim is busy pumping MYEG.

There's another possibilty that a news about E&P listing in Australia will come out. Maybe suddenly the price will jump to RM1.50. Perhaps our God Uncle Lim is trying to get our shares.
All praise to God Uncle Lim.

We are lucky here that we have Master Uncle Lim. Heil Uncle Lim!!!!!

I'm starting to believe Uncle Lim. Uncle Lim first needs to have plenty of shares bought at the lowest point. Then he uses two accounts to trade 100 lots back and forth. The price will go up slowly until it attracts enough ikan bilis. That's when Uncle Lim will dump. Bravo Uncle Lim. Can I invest my money with you?

Nothing interesting today. It's already 9:50 and only 26mill shares traded. Focus on other counters.

@Pmaster
SAPNRG might not need to list E&P if it can raise enough capital from RI to manage its cashflow. SAPNRG will still enjoy profit from E&P. Drilling segment will be partnered ("divested"). SAPNRG will be profitable again from the RM16.4bill contracts. PNB will start demanding dividends, in a year or two maybe. I would sell this stock in 12 months. Until then, let's focus on other counters.

The first 30 mins major price drop may be caused by high frequency automated traders (megalodones), after that panic selling by full time daily traders (sharks), then panic selling by part time traders (ikan bilis). Now, we feel uncomfortable looking at paper loss of 30 to 50%.

We can trick those Megalodones by holding our shares. Then sharks and ikan bilis will start buying again, the price will jump a little bit and it will trigger megalodones to buy. If you do short term trading, that's when you should sell. But if you do medium term, wait until they announce E&P listing. If you do long term, hold until PNB (blue whale) starts demanding dividends. This stock can be PNB's favourite dividend stock.

Previously, the impairment might be caused by low oil price i.e. USD45. Once they do their audit again at USD70, maybe before the listing, the numbers will change.

p/s: Don't listen to me. Do your own research. Keep your emotions and health in check. This stock will give you heart attack, erectile dysfunction and depression. But it's still better than competing with Megalodones.

SAPNRG is trying to raise as much free capital as it can. 1st right issue, gets RM3.5bill then E&P listing, gets another RM3.5bill, maybe through debt exchange. So SAPNRG debt will be reduced to RM9bill after this exercise. E&P will be in RM3.5bill debt. SAPNRG will reduce its debts and make profit again.

PNB is trying to get as much share as it can at current low price so PNB will get the most share in E&P. PNB buys SAPNRG RM3.5bill now, then sell E&P and get back RM3.5bill or more. PNB might make more money from both/ either SAPNRG or E&P if the price goes up. If not, PNB saves SAPNRG and will enjoy dividends.

Another issue is its drilling segment. SAPNRG will get a partner to utilise its assets. That's straightforward. It's like a divestment.

I see nothing wrong with this move. If the price goes lower than RM0.30, it's even better for PNB. SAPNRG profit will mainly come from E&C after this, which has always been profitable.

Shahril said wait 6 to 12 months. In 6 months, the price won't be this low anymore. Better buy now, buy right issues, and keep them for 12 months.