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2022-06-17 10:44 | Report Abuse
Latest TP by HL analyst...
https://www.klsescreener.com/v2/news/view/1005489
2022-06-16 12:14 | Report Abuse
No significant support in sight... When is the bottom?
2022-06-15 11:06 | Report Abuse
How long will support at RM1 holds? Guess the impact of minimum wage to its 22k workers will be known by next QTR?
2022-06-12 15:40 | Report Abuse
#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."
2022-06-11 12:50 | Report Abuse
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...
2022-06-10 11:51 | Report Abuse
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."
2022-06-10 09:36 | Report Abuse
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...
2022-06-09 01:11 | Report Abuse
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
2022-06-08 19:36 | Report Abuse
There're many Rela members here doing public service :D
2022-06-08 11:55 | Report Abuse
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...
2022-06-08 10:57 | Report Abuse
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%?...
2022-06-08 09:35 | Report Abuse
Why familiar Mua from Interpacific also here?
2022-06-08 09:21 | Report Abuse
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%?
2022-06-07 12:39 | Report Abuse
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
2022-06-07 11:41 | Report Abuse
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
2022-06-06 16:14 | Report Abuse
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."
2022-06-06 15:12 | Report Abuse
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...
2022-06-06 14:22 | Report Abuse
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...
2022-06-06 14:01 | Report Abuse
Or maybe delisted then only restructure which takes time as in the case of MAS under Bosku's watch in 2014...
2022-06-06 12:38 | Report Abuse
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?
2022-06-05 14:11 | Report Abuse
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...
2022-06-04 14:36 | Report Abuse
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...
2022-06-03 21:19 | Report Abuse
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
2022-06-03 14:58 | Report Abuse
If PP based on 6sens at 25% discount only 4.5sens...if operators sell at 5 to 5.5sens still profit mah...
2022-06-01 09:42 | Report Abuse
7.5sen panas panas kasi habislah...
2022-05-31 08:30 | Report Abuse
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
2022-05-31 08:26 | Report Abuse
Morning...tut tut...just guess how low would it go????
2022-05-30 23:54 | Report Abuse
Another bad Qtr with RM434 million loses...don't think 11sens is sustainable anymore...
2022-05-30 11:44 | Report Abuse
Looks like many sharks kena whaled...how long will support at 8sens holds?
2022-05-30 11:18 | Report Abuse
Lost power already...will it drop to 10sens & below?
2022-05-27 15:14 | Report Abuse
Fintec kaki already here?
Taylor...
2022-05-27 10:00 | Report Abuse
From previous bailouts by government is to save jobs and pacify creditors...not to save shareholders... especially majority...
2022-05-27 09:48 | Report Abuse
More dark history of Government intervention...
https://www.nst.com.my/news/2015/09/21326/mas-be-delisted-after-us429m-offer
2022-05-27 09:46 | Report Abuse
To know method for Government restructuring is to study history?
https://www.theedgemarkets.com/article/khazanah-pledges-support-restructuring-malaysia-airlines
2022-05-25 13:24 | Report Abuse
Times are tough in a Shark eat Bilis World...who will be next?
1. 287,411 individuals in Malaysia were declared bankrupt as of March 2022.
Most of them are made up of young individuals who are still working.
The Malaysian Department Insolvency told Kosmo, Selangor had the most number of cases at 71,659 followed by Kuala Lumpur with 45,630.
2022-05-25 12:21 | Report Abuse
Afternoon...no more oomph...all gamblers are at SEB...
2022-05-25 10:57 | Report Abuse
Morning... looks like all traders are gathered here... but where's the sharks? Tut tut
2022-05-24 11:28 | Report Abuse
Win u lose...loss you win...
https://focusmalaysia.my/sapuras-share-price-spiked-on-bail-out-hope-but-what-if-it-doesnt-happen/
2022-05-24 10:57 | Report Abuse
When people got time to write long essays...instead of easy money...time to run...tut tut
2022-05-24 09:15 | Report Abuse
10sens coming soon...
2022-05-24 07:47 | Report Abuse
Sii Karim got a good deal even with forced selling of 9.66m shares at 15.8sens each...will the remaining minority also get a better deal?
2022-05-24 07:39 | Report Abuse
Guess what kind of Grants or financial MOF could offer ailing SEB, when Govt Coffers are alnost empty...After US, PM is in Japan trying to raise funds?
"For its financial year ended January 31, 2022, Sapura Energy reported a net loss of RM8.89 billion from RM4.13 billion in revenue.
At the time, the company had RM717.75 million in liquid assets, short-term borrowings of RM10.66 billion and no long-term debt commitments. It also had accumulated losses of RM13.52 billion."
2022-05-23 10:52 | Report Abuse
Forget SS Karim...10sens and below is not a dream for RSS anymore...
2022-05-23 09:11 | Report Abuse
Mmmm.... let's see if bought at 4sens...8sens will be 100% gains...12sens will be 150%...16sens will be 200%...when will the music stops?
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2022-06-17 11:32 | Report Abuse
TanSri Doc strikes back?