Contract 1 bil, estimated 500mil overrun, even the project completed a head of schedule, I guess reverse max 10%,

Client pay sapura 1bil, sapura pay vendor 1.5bil, which idixt PM run this project, worst still someone hide the overrun cost ..rubbish

Win farm contract only 1bil since 2021, let say 500mil cost overrun is so terrible, definitely the loss has accumulated over years but never reconized, which KFC shit want ex-CEO back?......no brain?

I believe these were hide by previous regime until new CFO discover and disclose immediately, just don't feel right provision 1 bil loss in 1 Q, these 2 project were commenced few years ago, incompetent management I guess


Posted by Tobby > Oct 2, 2021 4:36 PM | Report Abuse

Saprng took one time provision loss for Taiwan and India projects! Painful indeed

Which CB KFC shit want ex-CEO back?

CGS-CIMB Research further noted that the two troubled projects were secured during the tenure of then-president and founder Tan Sri Shahril Shamsuddin who has since handed over the reins to Datuk Mohd Anuar Taib on March 23

This will be settle before next election, impact too big...but not in near term, at least 3 months sideline at lower price.

I guess selling asset take time, to resolve the current situation need fresh injection or compromise from client and vendors...hope the veterans could pull it off, than this will be last hurdle assuming no new variant.


Posted by Timmy Tan > Oct 1, 2021 4:19 PM | Report Abuse

For those saying its purely revenue recognition problem, I admire your optimism. The real issue is cash flow and liquidity. Even the CEO admitted this in the press release.

If you study the financial statement closely, you will know that the company has been drawing down its revolving credit and trade facility to cover its interest payment and operational requirement. How much of these facilities remaining? Does the company have enough cash to finish off the projects so that more collections can come in? Thick order book means nothing if the company don't have enough working capital to execute the projects.

At this rate, I feel a fund raising exercise or a major asset sale (50% stake in the SapuraOMV exploration & production business, Brazil pipelay vessel or Drilling business) is inevitable.

Haha, loss like no tomorrow....no need provision so much of foreseeable losses.....AT pls stop bleeding....aiks

Seems like not able to recover in 6 months, more shit surface after departure of CFO? Where is the cost optimization, order book also drop to 7 bil from 11 bil reported earlier, suddenly got liquity issue again after restructure 10bil debt.

Yeah lo, but these 2 contracts were reported long time already by upstream media...


Posted by SinGor > Sep 30, 2021 5:43 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company...

Die-Die also want to announce Award Contracts before Release Qr results

The sell down today may have 2 reason, bad result or not able to deliver QR today...

As a investor the only thing I 'want' Sapura can deliver good result. But just speculate based on factor.

Not like you KFC shit....I though all KFC been flushed out, still got sticky shit stuck...haha.


Posted by UlarSawa > Sep 30, 2021 5:12 PM | Report Abuse

Why you want 200mil loss ke. So bad. Correct?


Nikmon Merely based in today selling volume, it may lose 200mil haha...need to wait for another 3 months?...
30/09/2021 3:14 PM

Merely based in today selling volume, it may lose 200mil haha...need to wait for another 3 months?...

A lot smart investor here, can't stand negative comment. Smart like hell...lol

SIR still in progress after 3 months, red flag raised by KPMG, net profit drop 90% after red flag.....it deserves some serious considering the risk of investing...where are your brain, use your brain although you are super smart.....

So desperate and aggressive on marketing company... But SIR still pending after 3 months still counting


Investing_Bursa https://focusmalaysia.my/serba-partners-johnson-controls-to-power-abu-dhabis-new-innovation-hub/
30/09/2021 10:43 AM

A lot smart investor trust the Karim lose like hell now...they hate you so much cause you share the fact..I guess....lol

Leno Hey !
Don't flag my post.
ALL of Us here want to see what happen to me, including me.
If u keep flagging,
i will delete my post to prevent getting ban.
30/09/2021 10:21 AM

Ohh no, the selling is strong bad sign ....

Haha, just speculate only, AT disappointed investor in Q1 so hopping him can deliver good result in Q2. Rig utilization should have above 50%



Posted by armadatuah2017 > Sep 30, 2021 4:32 AM | Report Abuse
memang kayu..200 mil profit? This QR is definitely in deep RED as drilling segments is at horrible utilisation, below 40%.

I guess revenue is around 2bil,
140mil net profit assuming 7% margin, another 60mil from sale of asset.

So 200mil net profit is possible

hope they manage to deliver a good result tomorrow, 200 million net profit tomorrow...haha

Greed is evil, accepting and supporting illicit and dishonest activity..not a smart investor...

remomama94 Anything is possible in malaysia look at a.maslan a free man now
29/09/2021 8:49 PM

1.7 billion debt due soon less than 6 months?, how to pay with tiny 13mil net profit ..lol

Why no clarification on the low margin?

Net profit drop 90% than expect LU......a lot smart investor here..lol

Got profit mah, not bad but net profit drop 90%.....

So what is the fair price.

One thing for sure it is bad result for those holding with high price...

Yeah, congrats, Limit up tomorrow...haha
SD JV to explore moon


KLtopJERUNG special annoucement : serbadk entering MoU with SPACEX , WOW congratz

Normally lah, QR delay until end of month always show bad result..normally lah, this round SCIB and SD release QR together may make different, sky rocket profit ..lol

But why SCIB QR delay until tomorrow...it must be super good news, so release with SD together to boots the price.

SCIB and SD release QR together, interesting tomorrow ...

Hibiscus is a pure operator, which will benefit from high oil price, but sapura E&C and drilling need at least 6 months to see the effect...for those no patient, should consider Hibiscus.

seem like SCIB also held it QR until tomorrow, i guess the reason of not release the QR because the result too good and want to give surprise to investor. lol

As a E&P will get benefit from the surge of NGL, E&C and drilling probably will see the effect by 1h22.

SD target release QR on Wed, 3 day to go, but SCIB QR will release anytime...haha.. interesting.

HLB believe these recent developments will possibly continue to exert selling pressure on the stock while buying interest is unlikely to resurface until its audit issues are resolved.

Banker and S&P will not accept the QR untill SIR release.. lol

pearlwhite .posted
But for S&P, bankers and customers, should be 'acceptable' as AR will be out by 31st Oct. 2021

This smart investor never short of story, recap some of the entertaining narrative, privatization before SIR, good fren with politician, dark hand and dark face,.

So latest S&P will 'accept' the QR without SIR....lol, genius genius. Accept woh without SIR.

pearlwhite .posted
Alot will say the QR report is not accurate, way off and without SIR means nothing. This is fact here in klsei3 for some.
But for S&P, bankers and customers, should be 'acceptable' as AR will be out by 31st Oct. 2021

In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence.”

S&P downgrade after SD dispute with auditor, as this has damper market confident and impact the refinancing

Will S&P revise the rate without clarity from the SIR, lol.

This smart investor never short of story, recap some of the entertaining narrative, privatization before SIR, good fren with politician, dark hand and dark face,.

So latest S&P will accept the QR without SIR....lol, genius genius.

pearlwhite .posted
Alot will say the QR report is not accurate, way off and without SIR means nothing. This is fact here in klsei3 for some.
But for S&P, bankers and customers, should be acceptable as AR will be out by 31st Oct. 2021

Heavy selling before QR, not a good sign...selling oil asset also not able to deliver good result .,omg...5 days left..

So the trivial matters need 4 months to verify ....EY is also a kampung Auditor like KPMG ...haha. SIR target to comply by Oct.....lol

Bursar reject extension application from Sapura, mean QR will release in next few days, not sure is a good news or bad news..., It seems unfair as other company can delay 1 month amid MCO but sapura can't.

Waste of time...

Posted by SapNrg > Sep 23, 2021 12:41 PM | Report Abuse

PelitaAlam not DickyMe new id? Why nobody report abuse his posts? Scared of him?

You @solimolo just misled some smart investor, desperate until post old QR....haha

tradersampah Wow Q5 just out, LU tomolo
22/09/2021 10:19 PM

If you not crying for help, what is the reason to share false information...lol

solomolo posted tomorrow price will up like no more tomorrow...just buy guys..and keep
21/09/2021 5:34 PM

Unsubscribe RI sell in open market...wow!!! Is this possible in Bursa.

Yeah, management are clean now, hope new CEO can delivery good result, than share price will follow slowly...

you @soilomolo are right, Obviously it is extremely entertaining, haha...people lose untill so desperate and make lie, example QR out already, Got insider SIR good news, privatized before SIR release, dark hand, SIR release but held by SC/Bursar..

Lol, when you are desperate, what kind of stupxd lie also come out...pity pity.....loser is crying for help...lol

You @solomolo must be making huge lose, keep make same lie.....lose until mental disorder? QR delay a month and due by next week, 6 days left ..

Posted by solomolo https://www.e-serbadk.com/financial-information/

quater 5 already out at serba financial information....
22/09/2021 8:42 PM

Giving that new GCFO formally appointed on 1- Oct, the QR may release in 1st week of OCT.

Posted by SinGor > Sep 16, 2021 5:30 PM | Report Abuse

My Bet results out in 1st week of Oct

FOCUS U-Turn? Just a week ago it was reported an observer predict potential privatize and 100% gain...?

AT really capable to attract so many professional from oil industry not political appointment...

New coming acting CFO was joined last year, I believe since than the incumbent CFO no longer has influence in the company. I guess the incumbent CFO is political appointment, look at his working experiment ..all are GLC...and not in good shape.


Posted by PelitaAlam > Sep 22, 2021 11:57 AM | Report Abuse

This CFO will resign in 1 year.

The parasites will never cooperate

Wah, is yesterday a trap? Still waiting to see the most anticipated QR and SIR, 7 days left.........why insider stop buying today leh.....lok

So the delay of QR because of new ex-shell Group CFO....I would presume this is good news.