dari bilik sebelah ye? Jangan nanti kate tak tau, nanti jadi bodoh sombong mcm buntor berok besor tu 😄

The company's shareholders have been diluted in the past year.
- Increase in shares outstanding: 11%

This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings.
Currently, the following risks have been identified for the company:

Major Risk
- Earnings have declined by 24% per year over the past 5 years.

Minor Risks
- Share price has been volatile over the past 3 months (9.8% average weekly change).
- Shareholders have been diluted in the past year (11% increase in shares outstanding).
- Market cap is less than US$100m (RM46.6m market cap, or US$10.3m).

hahahaha.. syok nye buntot besar taip menaip dgn buntot kiri dan buntot kanan. tengah sibuk layan tiantian ke? 😁jgn sampai bini tau ye? nanti kena sebat 🤣

memang kes lingkup ni. dah konfirm

here is a summary of the situation that Handal Energy Bhd is facing and the potential outcomes:

The company is facing a number of financial challenges, including lawsuits due to non-payment of salaries, taxes, and provident funds, as well as the inability to raise bank facilities for the past 3 years.
These challenges suggest that the company is in financial difficulty and that it may not be able to meet its financial obligations.
If the company is unable to pay its debts, it could be forced to file for bankruptcy. This would have a number of negative consequences, including the loss of jobs, the closure of businesses, and the loss of investor confidence.
There are a number of steps that the company could take to address its financial problems, such as seeking financial assistance from investors, creditors, or the government. However, it is unclear whether these steps will be successful.
The potential outcomes of the situation are uncertain. The company could be able to resolve its financial problems and continue to operate, or it could be forced to file for bankruptcy.
It is important to note that the information provided above is based on publicly available information and does not constitute financial advice. Investors should carefully consider the risks associated with investing in Handal Energy Bhd before making any investment decisions.

Here are some additional thoughts on the situation:

The company's management should be transparent with shareholders and the public about the company's financial situation.
The company should take steps to ensure that its employees are paid their salaries and that its vendors are paid for their services.
The company should work with its creditors to reach settlements that are fair to both parties.
The company should explore all possible options for raising capital, including seeking financial assistance from investors, creditors, or the government.
If the company is unable to resolve its financial problems, it may be forced to file for bankruptcy. This is a serious step, but it may be the only way to protect the interests of all stakeholders.

copy dari bilik sebelah:

The fact that the ICPS are being sold at a discount suggests that the market is not as confident in the future prospects of Handal Energy Bhd as it was when the ICPS were first issued. This could be due to a number of factors, such as the company's financial performance, the overall economic outlook, or the fact that the company is facing a number of challenges.

The discount on the ICPS could also be a reflection of the fact that the ICPS are convertible into ordinary shares. This means that investors who purchase ICPS are essentially betting that the share price of Handal Energy Bhd will rise in the future. If the share price does not rise, then investors who purchase ICPS will lose money.

The discount on the ICPS could also be a sign that investors are concerned about the company's ability to repay its debts. If the company is unable to repay its debts, then it could be forced to file for bankruptcy. This would result in the ICPS becoming worthless.

Overall, the discount on the ICPS is a negative sign for Handal Energy Bhd. It suggests that the market is not as confident in the company's future prospects as it was when the ICPS were first issued. This could make it more difficult for the company to raise capital in the future.

Here are some additional thoughts on the situation:

The discount on the ICPS could widen if the company's financial situation deteriorates further.
The discount on the ICPS could narrow if the company's financial situation improves.
The discount on the ICPS could disappear altogether if the company's share price rises significantly.
It is important to note that the information provided above is based on publicly available information and does not constitute financial advice. Investors should carefully consider the risks associated with investing in Handal Energy Bhd before making any investment decisions.

macam mane ni? keluarga buntot lebar sendiri saman sbb tak nak bayar hutang yg berjuta2 ringgit tu. Kalau saudara sendiri pun buntot besor taknak bayar hutang, patut jua staff2 semua saman buntot.
bagus jual saje kereta2 mewah company tu, ada juga duit utk bayar gaji dgn saman. skarang pun dah takde PO masuk but bukan main sampai berbuih2 mulut (buntot dia makin besor) nak cerita2 dongeng pasal oil price ke (takde kaitan dgn handal dah) and buat biznes baru konon. semua vendor dgn client dulu2 dah taknak deal dgn buntot besar. Kami harap board director take over lah. YAM Tengku Bederul and YM Tengku Ray memang boleh kembalikan kegemilangan handal sekali lagi. Buang kerja buntot besor tu.

dari bilik sebelah ye. Mcm ni kene saman kiri kanan keliling pinggang (atau keliling buntot besor dia lohh)

WA-B52NCvC-312-07/2023
1. KANG & KANG (KANG & KANG)
vs.
1. HANDAL ENERGY BERHAD (Tidak Diwakili)
2. HANDAL IMRO SDN. BHD (Tidak Diwakili)
3. HANDAL BORNEO RESOURCES SDN. BHD. (Tidak Diwakili)
4. HANDAL ENERGY SOLUTIONS SDN. BHD. (Tidak Diwakili)
Notis Permohonan (4)
Kontrak - Kontrak Perkhidmatan BNP
Berikut adalah arahan Mahkamah :-
1. PSP Lampiran 4; dan
2. Tarikh E-Review untuk serahan perintah exparte dan arahan mengenai penetapan pendengaran interpartes pada 9.8.2023
Bicara Permohonan

WA-B52NCvC-187-05/2023
1. AAZRI BIN SHAMSUDDIN (NAS RAHMAN & CO.)
2. LAILY NADIA BINTI RAZALI (NAS RAHMAN & CO.)
3. CHIN ZHAO HAN (NAS RAHMAN & CO.)
4. MELVIN KHOO CHZE HOW (NAS RAHMAN & CO.)
5. WAN SHARIZ NURUDDIN BIN MOHAMED ZAIN (NAS RAHMAN & CO.)
6. MOHAMMAD DANIAL BIN MOHAMMAD SUHAIMI (NAS RAHMAN & CO.)
7. CHONG SOON LEE (NAS RAHMAN & CO.)
8. SHOBANA MOHANASUNDRAM (NAS RAHMAN & CO.)
9. BAHRUL HISHAM BIN BAHAUDDIN (NAS RAHMAN & CO.)
10. YIP PUI MUN (NAS RAHMAN & CO.)
vs
1. HANDAL IMRO SDN BHD (dahulunya dikenali sebagai Handal Cranes Sdn Bhd) (JEEVAPARTNERSHIP)
1 Writ Saman (Sivil) (RM300,001 – RM1,000,000)
Tarikh pengurusan kes secara e review pada 10.08.2023 untuk pemfailan permohonan A14 atau penyelesaian
Pengurusan Kes

buntot lebar ini dah desprado ke? atau ini scandal baru atau sampingan? 😁

hahahaha. Handal appoint orang dari china jadi director? Apa lah nak jadi dgn company ini. Nak appoint orang yg takde experience dgn O&G. Mungkin ada experience picit2 and urut2 saje.
Dari group sebelah kate, pompuan ni proxy dari deal sand minding yg dah kena jual balik ke buntot besor. Jadi apahal nak appoint pompuan cina yg takde experiance ni?

untuk makluman semua ye? dua2 contract dah kena sapu oleh buntot lebar. Handal dapat kosong!

HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PROPOSED DISPOSAL OF 529,200 ORDINARY SHARES REPRESENTING 49% EQUITY INTEREST IN HANDAL BORNEO RESOURCES SDN BHD TO HANDAL ENERGY BORNEO SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM529,200 ("PROPOSED DISPOSAL")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3369510


HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PROPOSED DISPOSAL OF 1,738,000 ORDINARY SHARES REPRESENTING 100% EQUITY INTEREST IN HANDAL DIGITAL SDN BHD TO EASTPARTNERS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM693,000 ("PROPOSED DISPOSAL")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3370108

Semua tangan kanan kiri AJWOng aka buntot lebar nak scam orang lagi. Cerita lama nak ungkit2 pasal tower , sand mining contract semua dah jadi habuk lah

apo nak di kato? Buntot lebar in action dah! Behenchop!

HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PROPOSED DISPOSAL OF 529,200 ORDINARY SHARES REPRESENTING 49% EQUITY INTEREST IN HANDAL BORNEO RESOURCES SDN BHD TO HANDAL ENERGY BORNEO SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM529,200 ("PROPOSED DISPOSAL")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3369510


HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PROPOSED DISPOSAL OF 1,738,000 ORDINARY SHARES REPRESENTING 100% EQUITY INTEREST IN HANDAL DIGITAL SDN BHD TO EASTPARTNERS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM693,000 ("PROPOSED DISPOSAL")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3370108

Bungkus lah!!

ketawa leh ye:

https://www.klsescreener.com/v2/announcements/view/5304119

Jangan menangis ye 😙

Hahahahha.. betul kan cerita kami tu.
Buntot besar tak sabar nak jual share utk company pasir. Memang ketara nak pakai nama company handal walaupun handal dah takde share. Ini memang parasit yg paling teruk. tidak lama, nama russel hee nak jadi mcm proxy jho-high (nama timangan buntot lebar baru nii :).
nama handal engineering kena jual ke russel hee, jadi company sewa kereta ke? berapa company handal kena jual kat budak ni? orang ni ada ke? whatsaspp group kami semua terkilan sapa mamat ni? proxy buntot ke?
dari kalau contract pasir dah tak ade kat handal, contract MCMC tower pun dah koyak, apa business lagi ada? semua dah koyak!! Tak lama, buntot besar nak jual2 ubat utk pancing2 investor sebelum dia jual semua share. Kita tengok apa drama dia skarang.

betul tu buntot lebar a.k.a. Sunildeep Singh 😅

Sekarang semua tahu modus operandi dia, kan? Jangan bayar hutang vendor, jangan bayar gaji staff. Ambil saja payment dari client dan takye bayar sapa2 lagi. Lepas tu, jual nama company tu ke nama yg semberono, tukar paid up capital pi se-kupang, dan tunggu kena saman, betul tak? BSOE dah buat, Handal Engineering dah buat.

Handal Crane tukar nama. Bila nak tukar nama Handal ke Buntot Bossku Sdn Bhd pulak 🤣?

Tengah minum ke 😂?

hei Tahi, kalau hang takde otak nak baca, tolong pi main jauh2 ye? apa takde evidence...

ini apa? Bukan ke ni evidence cara buntot besar buat kerja? sampai kena saman nak di penjara pasai tak nak bayar hutang, Apa lagi evidence you nak? Kami boleh bagi sini. Boleh saja. Nak ke?

BTU-56J-2/1-2023
Sessions Court: Leo anak Saga
Harbour Services Sdn. Bhd. (S.K. Ling & Tan Advocates (Miri))
vs.
Borneo Seaoffshore Engineering Sdn. Bhd.
To be examined respecting your ability to satisfy the Judgment recovered against you in the above action on the 7th day of October, 2022 for the sum of RM437,978.75 upon which Judgment the sum of RM381,978.75 is still due as at 30th December, 2022
12-07-2023: (Order to Arrest)

MYY-76-99-5/2023
ALFA PADU SDN. BHD.
vs.
BORNEO SEAOFFSHORE ENGINEERING SDN. BHD.
Application for Execution: 17-05-20230
19-07-2023 (Hearing)

BTU-B52NCvC-7/92022
Sessions Court: Leo anak Saga
Bunga Raya Parkcity Suite Sdn Bhd (David Allan Sagah & Teng Advocates)
vs.
Borneo Seaoffshore Engineering Sdn. Bhd. (Benedict Khu Advocates)

The Plaintiff claims against the Defendant for:
A. the sum of RM515,711.49 as at 1 SEPTEMBER 2022;
B. interest on the sum of RM515,711.49 at the rate of 5% per annum from 2 SEPTEMBER 2022 until full and final payment;
C. and/or alternatively...
F/MentionTrial date fixed on 4.7.2023 at 9.00 a.m. is maintained.
Trial date fixed on 4.7.2023 at 9.00 a.m. is maintained.

BTU-56J-2/1-2023
Sessions Court: Leo anak Saga
Harbour Services Sdn. Bhd. (S.K. Ling & Tan Advocates (Miri))
vs.
Borneo Seaoffshore Engineering Sdn. Bhd.
To be examined respecting your ability to satisfy the Judgment recovered against you in the above action on the 7th day of October, 2022 for the sum of RM437,978.75 upon which Judgment the sum of RM381,978.75 is still due as at 30th December, 2022
12-07-2023: (Order to Arrest)

berita hangat dengar cerita2 kat finance wassup group. Ada orang kena masuk lokap hari ni ke? 🤣

Everett - kamu tok kok lah. Kami masih "kerja" sbb tak de kerja nak buat kat office le.

Hey Buntot Besar/Lebar a.k.a. Sunildeep Singh, apa mau hang mau? pakai berapa acct nak cerita kosong nak pancing2 investor dan jual cerita kosong. sejak 2 ke 3 bulan ni, takde PO kena issue, kami goyang kaki je. Apa lagi nak tipu orang yg ada contract masuk2 ni? hang minum daun ketum ke? mabuk2 minum kat office ke?

gelagat mamat tangan kiri jawab tangan kana saje ni :)

sorry lama menyepi. kena balik kampung nak celebrate Raya le!

ada sebab kenapa Handal terpaksa diversify. sebab utama ialah Handal tak nak bayar vendor2 yg dah bagi services untuk pipeline dgn crane2 biznes dan turbine.

Skarang kena cari mangsa2 baru dalam biz lain. nak con org2 kat Thai dan vietnam pun rancak cerita dia ni. sampai berleleh tempias mulut dia nak jual ubat.

NFP tu lesen saja, takde gerenti dapat project pun. kena tender, kena letak deposit (ada duit ke?). sand biz kami dengar2 pun contract takde meaning juga. kena dapat PO jua, kena bayar deposit jua (ada duit ke?)

Mana big2 fund nak masuk ni? Bayar semua gaji2 kami dgn EPF dulu ye? Dengar2 dah kena saman tapi sunyi2 saja. apasai tak announce kat bursa? Nanti kami tengah korek2 info dan post kat sini ye? Boleh tak?

nasib baik ada VPN, boss2 tengah check2 sapa2 yg masuk website ni 😁

seperti kata pepatah, kalau tak ada modal, jual saja cerita lama2. Kami orang dalam pun terkejut cerita masuk news ni. Takde cerita baru ke?
pasai telecom tower punya cerita, tipah tertipu kata, lesen tu mana ada register kat MCMC website. Kalau AJWong @ Buntot berani, cuba letak lesen/kontract reference dari MCMC, kalau tak, macam kate2 kami dari dulu lagi, kalau nak tipu, kena pandai jadi kon-man

lagi cerita pasir ni, dah lapuk cerita ni. dapat kontrak tapi takde PO, takde gune juga, betui tak?

nak diversify konon, gaji company secretary pun tak boleh bayar, pttuiiiii! itu lah dalam 1 tahun dah tukar dua kali. besok2, tukar lagi sebab tak nak bayar gaji. ini modus operandi si Buntot. betul kata Titanep ni. gaya buat business tak nak bayar gaji dan vendor. Ptuiiii!!

Kami dgn setia tunggu vss saja :)

buntot lebar so angry ke? jangan lompat2 mcm beruk dalam office lah. Neighbour kat tingkat 26 dah complain lah. dengar2 rental tingkat 27 pun tak dapat bayar. Kena tunggu kena tendang kluar kot?

Semua kata2 AJwong@ Buntot lebar ni dah outdated lah. director yg dah resign pun nak quote name. Andy pun dah lama resigned.

Semua yg buy back ni semua nak pancing2. Kami dalam office pun tau juga jalan cerita dia ni. beli rm50k, nak announce mcm ada 6 transaktion. podaahhh lah. ini nak tipu orang lagi.

ini kiri2 kanan2 comment pun, tangan dia juga. macam ada new project, mana ada duit masuk. Hutang dah berlambak2, bank tak nak bagi loan, ahlong pun tak nak bagi loan. kami tunggu vsss saje le.

Jadi, baik YAM Tengku Baderul dng YM Tengku Munawir ambil alih management company ni dari buntot besat. Buang dia jauh2, tarik balik kereta dia, cancel kad credit dia dan sbginya. Kami dgn setia harap semua director boleh consider. Kami nak hantar whisle blowing ke chairmen tapi website dah kena disable function. Apahal company website kite jadi mcm ni? Takut vendor dan staff complaint to chairmen ke?

semua vendor pun tak nak deal dgn Handal, pasal mamat ni lah. Baru2 ni, pipeline 'exklusif' parnter sudah kena kensel sbb BSOE tak nak byr hutang walaupun sudh terima payment dari customer. Dengar2 partner rotating turbin yg buat keja dulu pun dah saman sebab tak kena bayar walaupun company sudah terima payment.

Jadi jgn harap ada kontrak baru ye? Kalau ada, tolong announce cepat2 ye? Kami org dalam pun dah tau semua kena reject dah.

walau apa pun, kite kene terima hakikat yg Handal ni dah tak handal dah. Setahu kami lah, skarang tinggal satu saja contract yg active. Yg lain2 dah kaput. Semua customer pun dah blacklist company ni. Tukar nama company ke, tukar director ke, tukar GM ke, semua trick ni org dah tau sebab nama buntot lebar sudah femes lah.

dari cerita dri wassup finance group tadi, handal memang kena goreng oleh seorang buntot besar saja. semua company yg dia masuk, semua jadi habuk atau dia cuci sampai kering. tak payah cakap pipeline business lah. Semua dah tau saman kiri/kanan pasal tak bayar hutang, jadi dia jual ke tak tau sapa mamat tu. cerita gas turbine pun sama juga. semua vendor dia tak nak bayar. dengar cerita psl biznes pasir pun buat kelakar. orang kuat finance yg dah resign tu dah kate itu cuma nak tunjuk2 saja. memang takde biznes masuk. mcm juga kate dia biznes ape bende MCMC nak buat tower. Buat kelakar nak pancing2 investor yg bodoh2 saje. harap @bursa ambil perhatian ye? kami skarang tunggu VSS aje lah. datang office pun kira goyang kaki je. biznes takde tapi boleh tengok beruk tu lompat2 dan jerit2 mcm org gile :)

Ini cerita kat wassup group kami minggu ni. Sorry, ya. Buntot lebar baru balik cuti2 cari pompuan luar negri.

Handal CFO: Lee Swee Ann dah lama kat Handal
Sunildeep took over, CFO kena buang kerja dan tiada pengganti
CFO position tak ganti tapi post downgrade ke Finance Control - Tan (tak ingat nama penuh), Tan tak lama, lepas tu kena buang kerja.
Lepas tu ada seorang lagi FC masuk tapi entah tak ingat nama dia. Mungkin terlampau singkat tempoh dia.
Lepas tu Khairul masuk - tahan setahun, lepas tu kena buang kerja.
Lepas tu, tak ingat sequent, Azman masuk jadi CFO tetapi, dalam 1-2 bulan, resigned. Lepas tu dua orang masuk, satu EVP Finance Thomas Verughese dan FC Tan Sern
Tahun ini, Thomas dan Tan Sern dah resigned. Apasal semua position2 ni tak kena annouce ya?

Kalau dalam 3 tahun, boleh tukar otai2 finance dalam company, agaknya, kenapa ya?
Dalam cerita2 kat whatsapp group minggu ni, banyak info2 yang dorang share2. Ini banyak cerita psl goreng2 account kat company dan ramai otai2 finance kita ni ada integrity. Baik cabut sebelum di tengelamkan oleh Sunildeep. Biar dia masuk lokap sorang2. Ini kate dorang ye, saya quote saja :)

ada berit baru dari bilik sebelah.. byk juga finance adviser2 bagi idea ni.

Nota B1 (i) kata - The recorded revenue for this business segment was RM 17.501 million mainly from overhaul maintenance of gas turbine amounting to RM 16.246 million

Setahu kami, Handal tak ada contract utk overhaul gas turbine. Ini semua seaoffshore punya contract. Jadi kenapa, kalau betul2 ada kerja/contract yg Handal pegang, kenapa tak annouce awl2? Tak pernah dengar pun dalam office ni. Jadi kalau betul2 lah (masih ragu2 ni) kerja sebanyak 16 juta, bukan ini RPT dgn seaoffshore ke? Apasal kena nak record duit tu masuk poket handal? Ini kena komfirm dgn auditor dulu, jangan goreng2 nombor saja. mentang2 dua dua VP finance dgn controller dah kena tendang (kami dengar dua2 resign psl bende ni lah). Dinding office tu nipis sangat beb! Semua pasang2 telinga juga :)

Pelik nak paham ni - kate report, dia jual BSOE dgn harga 6 kupang saja, tapi annouce ada untung jualan 15 juta. Hairan bin ajaib juga cerita ni.

lagi, mukasurat 12: PBT = 15.550 dan PAT = 15.550. Cantek muka tak nak bayar tax ke? Memang company tak bayar tax dan LHDN juga kan? jgn terbawa2 gaya sampai terconfident masuk report beb.

cukup utk masa ni saja. kami tunggu2 dapat VSS saja lah lepas ni.

ada berit baru dari bilik sebelah.. byk juga finance adviser2 bagi idea ni.

Nota B1 (i) kata - The recorded revenue for this business segment was RM 17.501 million mainly from overhaul maintenance of gas turbine amounting to RM 16.246 million

Setahu kami, Handal tak ada contract utk overhaul gas turbine. Ini semua seaoffshore punya contract. Jadi kenapa, kalau betul2 ada kerja/contract yg Handal pegang, kenapa tak annouce awl2? Tak pernah dengar pun dalam office ni. Jadi kalau betul2 lah (masih ragu2 ni) kerja sebanyak 16 juta, bukan ini RPT dgn seaoffshore ke? Apasal kena nak record duit tu masuk poket handal? Ini kena komfirm dgn auditor dulu, jangan goreng2 nombor saja. mentang2 dua dua VP finance dgn controller dah kena tendang (kami dengar dua2 resign psl bende ni lah). Dinding office tu nipis sangat beb! Semua pasang2 telinga juga :)

Pelik nak paham ni - kate report, dia jual BSOE dgn harga 6 kupang saja, tapi annouce ada untung jualan 15 juta. Hairan bin ajaib juga cerita ni.

lagi, mukasurat 12: PBT = 15.550 dan PAT = 15.550. Cantek muka tak nak bayar tax ke? Memang company tak bayar tax dan LHDN juga kan? jgn terbawa2 gaya sampai terconfident masuk report beb.

cukup utk masa ni saja. kami tunggu2 dapat VSS saja lah lepas ni.

dari bilik sebelah, expert finance yg dah resigned tu kata (bkn saya kata ye?) expln note A2, A8, A12 dan B1 (i) - macam tak logic info ni. betul ke ada kerja smpi 16 juta? apasal tak announce ada kontract besar2 mcm yg dulu2 tu? kesian budak2 Handal but kerja untuk seaoffshore saja. Kenapa seaoffshore tak pakai org dia sendiri? Pasal dia takde staff lah.. mmg seaoffshore ni mcm parasit hisap darah handal smpi kurus kering.

*hint2* psl ini ke EVP Finance tender surat resignation? patut lah dalam annual report, nama EVP Finance takde, Finance controller takde (dah resign juga). tinggal finance mgr saja. Mana check & balance utk company berhad ni? audit board committee tidur ke? tengok je lah annual adjustment sejak 3 - 4 tahun lepas ni. tunjuk info yg cantik2 tapi belum kena audit lagi.

tak baik lah mcm ni.

nampak dah result tadi. memang koyak lah. sesiapa yg nak pancing2 invester masuk tu, bertaubatlah. cukuplah buat dosa di dunia ni. dah lah songlap satu company, taubat lah

MYY-76-99-5/2023 ALFA PADU SDN. BHD. (1069381-T)
(Henry & Low Advocates) VS BORNEO SEAOFFSHORE ENGINEERING SDN. BHD. (588217-V)
Saturday, 17 June 2023 (Mention)

BTU-B52NCvC-7/9-2022
Bunga Raya Parkcity Suite Sdn Bhd VS. Borneo Seaoffshore Engineering Sdn. Bhd.
B52NCvC (Writ of Summons (Civil) (RM300,001 RM1,000,000))
07-07-2023 (Mention)

18BTU-56J-2/1-2023
Harbour Services Sdn. Bhd. VS. Borneo Seaoffshore Engineering Sdn. Bhd.
56J (Application for Execution (Judgement Debtor Summons)
14-06-2023 (F/Mention)

sebelum terlupe pesan2 bilik sebelah, kita kene bagi sokongan pada bekas2 staff yang sudah lama berkerja dgn company, tapi skarang di saman oleh Handal kerna berhenti kerja pasal company tak nak bayar gaji. Ingat minyak kereta boleh isi dgn air ke? kereta org atasan semua mewah2, entah2 minyak pun dorang tak bayar kot.
minta warga2 handal berjumpa kat mahkahmah tinggi Kuala Terengganu pada 14 jun 2023, jam 9 pagi. tingkat 9A. kita sokong orang kite!

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. We can see that Handal Energy Berhad (KLSE:HANDAL) does use debt in its business. But should shareholders be worried about its use of debt?

What Risk Does Debt Bring?
Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. When we examine debt levels, we first consider both cash and debt levels, together.

What Is Handal Energy Berhad's Debt?
Handal Energy Berhad had RM11.1m of debt in December 2022, down from RM17.3m, one year before. However, because it has a cash reserve of RM510.0k, its net debt is less, at about RM10.6m.

How Strong Is Handal Energy Berhad's Balance Sheet?
Zooming in on the latest balance sheet data, we can see that Handal Energy Berhad had liabilities of RM52.7m due within 12 months and liabilities of RM176.0k due beyond that. Offsetting this, it had RM510.0k in cash and RM9.90m in receivables that were due within 12 months. So it has liabilities totalling RM42.4m more than its cash and near-term receivables, combined.

Given this deficit is actually higher than the company's market capitalization of RM42.1m, we think shareholders really should watch Handal Energy Berhad's debt levels, like a parent watching their child ride a bike for the first time. In the scenario where the company had to clean up its balance sheet quickly, it seems likely shareholders would suffer extensive dilution. There's no doubt that we learn most about debt from the balance sheet. But you can't view debt in total isolation; since Handal Energy Berhad will need earnings to service that debt.

Over 12 months, Handal Energy Berhad made a loss at the EBIT level, and saw its revenue drop to RM28m, which is a fall of 53%. That makes us nervous, to say the least.

Caveat Emptor
While Handal Energy Berhad's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable RM21m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. It's fair to say the loss of RM22m didn't encourage us either; we'd like to see a profit. And until that time we think this is a risky stock. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we've spotted 4 warning signs for Handal Energy Berhad (of which 3 don't sit too well with us!) you should know about.

hari ni boring2 kat office. Semua cerita dongeng pasal AGM lah, pasir yg tak tentu2 politikus cerita. Kata nya awal tahun ni, janji dapat project besar tapi janji kosong saja. nak blame orang lain psl dia gaduh2 dgn orang.
Tak pe lah. Kami tunggu durian runtuh atau VSS saje lah. nasib baik jem balik tak seberapa hari ni. uhuk!

artikal di bawah ni copy/paste dari bilik sebelah ya? dari simply wall dot st kate geng2 gue.

semua cerite2 atas tu kira dongeng2 aja. Baru semalam geng2 lama kat Bintulu kate ada court case dgn BSOE siap dgn detail lagi. case ni tahun lepas lagi, apasal tak announce? 🤕

CASE NO. BTU-B52NCvC-7/9-2022
Bunga Raya Parkcity Suite Sdn Bhd VS. Borneo Seaoffshore Engineering Sdn. Bhd.
B52NCvC (Writ of Summons (Civil) (RM300,001 - RM1,000,000))

CASE NO. BTU-56J-2/1-2023
Harbour Services Sdn. Bhd. VS. Borneo Seaoffshore Engineering Sdn. Bhd.
56J (Application for Execution (Judgement Debtor Summons)

ada lagi, kalau nak ya? Nak cabar bagi facts lagi? Cabar saja lah. Nak case lain2, banyak lagi beb! Nak bagi alasan macam2 lagi.

apa apa pun cerita sini, banyak yg goreng2 nak keliru investor. Sejak bila share handal ada kaitan dgn harga minyak.
apa apa pun, ceria pasal pipeline business pun sudah koyak. apa cerita announcement ni kat bursa:
HANDAL ENERGY BERHAD - WRIT AND STATEMENT OF CLAIM SERVED ON BORNEO SEAOFFSHORE ENGINEERING SDN. BHD. BY INTERNATIONAL PIPELINE PRODUCTS LIMITED
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3296276

lepas tu nak tipu QR result minggu depan. Itu cerita dalam sudah kami tau dah. mana ada duit masuk tahun ni sebab ramai dah resign, baru baru ni EVP Finance pun dah tender, Finance Control pun dah resign. Semua tau company ni memang nak bungkus.

besok boleh happy2😁 sebab bos2 pi makan angin.

agak aneh juga assesment mat everetlee ni. silap2 mat bontot lebar kot? kalau cerite2 kat wassap group kami tadi, teman lama FC yg dah resigned tu kate, ada manipulasi sikit2 kat AR tu. mana boleh gearing tu 0.021 je. Kate dia tak masuk akal le, gearing tu patutnya masuk semua hutang, bukan hutang kat bank saja. Mat tu kate sungguh power manipulasi ni. hutang kat vendor dgn bank semua nye 52 juta beb! jadi kate nye, ikut logic, gearing company ni besor gile! 52 juta pisang goreng bagi dgn 39 juta roti = 1.3 beb!
jadi kalau ikut cerita investingmalaysia dot com untuk stock handal ni, memang betul juge kata nye. summary website tu kate a. Making Huge Loss, b. No Dividend Declared, c. Very Low Price-to-Tangible c. Company in Debt, d. High Gearing Ratio, e. Poor Market Liquidity dan tak bayar gaji, epf, vendor. ini semua fakta2 yg benar dan bukan cerite goreng sotong sementara nak tunggu jem nak balik rumah beb! ok, peace out je leh. pekena teh tarik sat.

macam investor pun dah tau kerena mamat2 yg pakei username yg mcm2. ada wong2, ade macam2 lagi, tapi tangan kiri kanan taip gan name pelik2