Thanks for your contribution in open biz forum for fellow members' benefit...same applies to janda kerepot...

@Huangbk72
We have a responsibility to fellow members' to share what we know. If I see a deep hole, I divert innocent people away. I am not here to drive down SD price. No one is capable of doing that. I am only capable of preventing people to fall into this "hole". Pretty successful in all counts....

Looks like TG will probably drift lower without institutional support after mid year window dressing?May pak's dream comes true :)

paktua73
@sailang..TG paktua miss the train last one..
so kena wait back below rm1.02 laa
tut tut
ihik ihik

Aiya Pak...TG's a better bet...tut tut

EPF sells is good for contributers mah... as already mid year so need to lock in some profit...just wondering whose's gloves puppet master?

May need to wait longer as smart bilis not taking the bait & baby sharks' war chest not big enough to pump?
RISK ANALYSIS
Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Morning...tut tut

Sharing is caring...
2022-06-28

Price Target
Sapura Energy - Restructuring Is the Only Way; Keep SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.02
Last Price : 0.05, Upside/Downside : -0.03(60.00%)

2022-06-28
Price Target
Sapura Energy Berhad - Sustained Losses
Source : KENANGA, Price Call : SELL, Price Target : 0.00
Last Price : 0.05, Upside/Downside : -0.05(100.00%)

2022-06-28
Price Target
Sapura Energy - Core Net Losses in 1Q Masked by Forex Gains
Source : HLG, Price Call : SELL, Price Target : 0.01
Last Price : 0.05, Upside/Downside : -0.04(80.00%)

Keep it up guys while the goreng is still good...here's some updates on SEB analysis from HLB & Kenanga...
https://www.thestar.com.my/business/business-news/2022/06/28/quick-take-sapura-energy-back-in-black-shares-jump-22#openShareModal

No Viagra...how to follow? faced with janda kerepot & miau...will even be worse :(

Morning...tut tut

Sapura with orderbook RM6.6b already making losses...New orders RM2.7b...more losess coming as no cashflow to undertake jobs?

https://www.thestar.com.my/business/business-news/2022/06/17/quick-take-sapura-energy-slips-despite-rm27bil-contracts-win

Morning...tut tut

Oh Sapura...
Cepat-cepat masuk nanti terlambat
Kalau salah kalau salah
Kawan kita sudah terdesak
Mana pergi nilainya diri
Tidak sayang diri sendiri
Banyak cakap kena tendang
Kalau diam kena pijak kena ganyang
Banyak sangat pantang larang
Tidak ikut tidak ikut
Kena pelempang
Mana pergi nilainya budi
Kalau menindas kawan sendiri
Fikir-fikir lihatlah diri
Kita hanya hamba dibumi
Kalau kalau kalau begini
Sedih sedih sedih rasanya
Hilang hilang hilang lah erti
Apa apa apa nak jadi
Banyak orang banyak ragam
Main sebat main sebat main hentam
Tidak kira halal haram
Janji dapat janji dapat hati senang
Mana pergi nilainya diri
Tidak kira apa terjadi
Hanya fikir hanya fikir diri sendiri
Asal dapat dihajati
Orang lain orang lain pergi mati...

Morning...tut tut

Top Glove and Hartalega to be booted out?
https://www.klsescreener.com/v2/news/view/1006863

If average staff salary was RM1.2k, now increased to min pay RM1.5k. Monthly has to incur extra RM6.6m, yearly will be RM77m for 22k staff. How to make profit? when labour & raw materials price keep increasing but demand keeps falling?

Once a penny stock will always be a penny stock...just look at TanSri's good fren VT...

TanSri Doc strikes back?

Latest TP by HL analyst...
https://www.klsescreener.com/v2/news/view/1005489

Morning...tut tut

No significant support in sight... When is the bottom?

How long will support at RM1 holds? Guess the impact of minimum wage to its 22k workers will be known by next QTR?

#Azab Janda Kerepot Sapura...
"Bursa Malaysia ‘berdarah’ lagi. Bursa Malaysia mengakhiri minggu ini dengan prestasi rendah dan melepasi paras psikologi 1,500 hari ini, didorong oleh jualan berterusan secara menyeluruh, sejajar dengan prestasi bursa serantau yang lemah, kata peniaga.

Pada 5 petang, petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) ditutup rendah 15.76 mata atau 1.04 peratus kepada 1,493.95 daripada 1,509.71 pada Khamis."

That's why everyone is waiting for the big pump if it ever comes but problem is who's taking the dump? That's why it's better to cutwin rather than cutloss later on...notice that any attempts by shark to pump has always been met by profit taking by day traders...

The deferment is only for RM10.3B debts to next year. In the meantime where's the cashflow to continue as a going concern and money to pay off Bumi vendors owed another RM3.35B in trade payables who has not been paid for services rendered since 2020? For those who purchased 5sens & below, it's better to cutwin be4 you need to cutloss...otherwise how to finance the cashflow to continue betting? Otherwise could become enforced long term shareholders? Any grants from Govn maybe only to save SEB's small vendors not the elites like Shahril...even then it may only be addressed by new Govt next year?
"Its loss-making contracts were an additional burden, compounding its RM10.7 billion debt and trade payables of RM3.35 billion. Moreover, its pandemic-related expenses proved challenging to claim."

The writing's already on the wall...Sapura Holdings only left 13.5% guess they have exited earlier at higher prices...only left Bilis holding the ball at 42% with balance by PNB...even Institutional funds only holding about 2%...so what whales are there??? Only gamblers & sharks detected...

Can't compare lemon with orange. SEB defaulted debts is 10x of Serba. PNB who injected RM2.8B in 2018 has lost 90% of its capital. SEB proposed restructure will involve issue of more shares to debtors will dilute shareholders' value from current 5sens...
https://www.theedgemarkets.com/article/creditors-difficult-position-cashstrapped-sapura-energy-bites-bullet-again

There're many Rela members here doing public service :D

Zafrul & PM position also not stable with bad economy...now bz on Kuala Selangor for GE15...one wrong step...will be off with their heads...so SEB is furthest on their minds...

Actually could be planned as 42% SEB already dumped on Bilis with balance of 40% forced on PNB...if so good why Sapura Holdings only left 13% of the sinking ship...even institutional funds have dumped earlier...now only left around 2%?...

Why familiar Mua from Interpacific also here?

How come always sovereign funds like 1MDB & PNB always ends up with bad deals like this? Even Sapura Holdings only left 13% in SEB. Must have disposed earlier...even institutional funds less than 2%?

You have can use Google to find your answers...you can find some in BM here...
https://www.mstar.com.my/lokal/semasa/2014/08/08/pengurangan-saham-mas

If you look into what Bosku said in 2014 on delisting & restructure of MAS...you will know why...
https://www.nst.com.my/news/2015/09/21326/mas-be-delisted-after-us429m-offer

Just wondering what other can of worms will Rafizi dig out from SEB's mess?
"The covenant in lieu of having his shares in Sapura Energy locked up when the group re-financed its whopping RM14 bil in borrowings has enabled Shahril to rake in fat salaries amounting to RM71.92 mil in in the financial year ended Jan 31, 2018 (FYE1/2018) and RM84.24 mil in FYE1/2017.

Back then, Shahril was the single largest shareholder of Sapura Energy with a 15.9% stake. The share covenant was not stated in the annual reports."

Maybe there is profit to be made in trading SEB shares but not for benefit of minority...in order to raise funds to continue operations SEB, new CEO & Bod has the option for private placements to dilute shareholders value further e.g. if current share value is 5 to 5.5sens. SEB can issue more shares through PP with 25% discount at 3.75 to 4.12sens and sell at 5 to 5.5sens still got profit mah...

After SEB Mgt has dug it's own grave...the only way out is for PNB with 40% to buy out minority shares for a song in order to delist like MAS as a government precedent before any restructuring can be done...

Or maybe delisted then only restructure which takes time as in the case of MAS under Bosku's watch in 2014...

Why take the risk to buy at 5.5sens? When you can get it even lower still? Anyway if PNB had paid RM2.8b for 40% SEB shares in 2019...why would PNB commit more monies to a bottomless hole when it's more worthwhile for an Assets Stripper to acquire 100% of SEB for RM879M at current valuation?

It's good to give opinions on both sides of the coin in public investor forums. Only Atm there are more negatives vs positives going for SEB due to bad Mgt since 2014...Also government grants if any should be for national & public interest such as preservation of jobs n not used to pay off creditors or bail out shareholders...

Di mana dia sikuching hitam kita?
Kuching hitam yang yang seringkali tidur tak lena, hati berdebar-debar tunggu sapura janda tua menjelma bidadari?
Macam sudah terminum air ketum
Di mana dia sapura janda tua kita
Setelah nyawa bagai telur di ujung tanduk
Chan mali chan (hoi hoi)
Chan mali chan (hoi hoi)
Chan mali chan ketipung payung
Chan mali chan (hoi hoi)
Chan mali chan (hoi hoi)
Chan mali chan ketipung payung
Di mana dia kuching hitam kita
Kuching hitam yang terminum air ketum
Boleh kah sapura janda tua menjelma bidadari
Setelah nyawa bagai telur diujung tanduk...

Oh Sapura setelah kahwin di kau
Sampainya hati mu
Buatku berdebar-debar
Kemana mu akan pergi sayang?
Tidur malam ku tak menentu sejak itu
Sambil mengigau Sapura sapura selama ini
Ku takut di kau menjadi kenangan

Sapu lah air mataku sayang
Bila di kau sudah tiada
Tak sanggup rasanya ku
Berjauhan dari mu
Resah hati ku buat mu

If PP based on 6sens at 25% discount only 4.5sens...if operators sell at 5 to 5.5sens still profit mah...

7.5sen panas panas kasi habislah...

Morning...tut tut

From boom to bust
...will selling its prime assets helps??? https://www.theedgemarkets.com/article/cover-story-boom-and-bust-how-sapura-energy-got-mess-it

Morning...tut tut...just guess how low would it go????

Another bad Qtr with RM434 million loses...don't think 11sens is sustainable anymore...

Looks like many sharks kena whaled...how long will support at 8sens holds?

Lost power already...will it drop to 10sens & below?