Yeah downtrend, never know how low it will go. Bit also worth gambling in. I already in from 4.60. Let's see how bad can it goes

Book value to price to book ? U mean nta?

Checked back history, volume was high for the past 2 weeks .

Why cut loss below 4 when the game just started. U said cut loss many times since 4.5.

Strong sell still persist

Laughing all the way to the bank? Congratulations.

habis

Since pnb said it is lesser than 1% of their portfolio probably they will just write off. I think this company very highly go busted just like thheavy. Habis all my gambled money on this

Thanks Noah, I did finished reading the script. Seems like all the big guns in the company doesn't give a clear answer on all the questions asked, I could he very wrong judging like this since I am not finance person.

Timmytan, the impairement loss, how did they come out with such a huge number ? Is this reversible ? The 50 % stake in the sapuraomv still able to fetch his much of the value ? Do u think the pnb is in any position to rescue the company at this juncture ?

This place getting quiet

oh yeah 19th. I dont know why I thought is 6th jan. thanks

anyone received the shares dividend ?

still not the worst probably.

overall, pnb and the brothers shares cant be sell at all .

the not so smart brothers shares are not allowed to be sold as that is one of their requirement when the banks disperse the loan and some are pledged to the banks too

we also cant deny oil and gas expansion and new drilling is very slow since 2016. it happened globally when us start exporting with their fracking and pressure from environment right group.

we have abundance of oil buy current well are drying up too. they need to explore new oil and gas field.

part of the global oil and gas pact is the idle well need to be dismantled. this yet to happen in malaysia.

petronas more than 5p years of history as the top 20 biggest producer globally, cant just purely rely on foreign subcontractors for their jobs. in malaysia, the only full fledge oil and gas subcontractor is sapnrg.

bumi aranda used to be very distressed. once they replace the ceo, the company turnaround immediately.

we shall see how much maybank slashing this time. 0.005 wont be surprised.

I do not have any insider news at all. I believe everyone already anticipated is a loss, the question is how big or small the loss.

this time their result is attached with many pending court cases which previously never mentioned sated back to 2011.

very sad and very expensive lesson. the only positive thing is they gotten waiver from the creditors.

Timmy Tan, can u pls interprete the result with your expertise ?

maybe this time another 2 bil loss ?

dont mean rude but the calculation of gas production is totally wrong. you are taking crude oil price. sapura are producing natural gas of course crude oil is the by product. 34kboe is the gas equivalent. 1 barrel oil is about 5.6 mmbtu or 5.8k ccf. if rough and laymen calculation, they are producing around 700k usd value gas a day. 34k be is not big nor too small.

thanks Timmy Tan for the great input, learn a lot from u.

1 last question Tinmy Tan, should we anticipate the asset value ok sk408 is higher compare 3 years ago? how much u roughly guess the value of sk 408 now? why sapura sold there gas field to singapore at such low price?

Timmy Tan, awesome. thanks.

hi Nikmon sapura 15 rigs are mostly barge type or industry call it submersible rigs which is obsolete rigs . they are totally different from valesto jackup rig with different purpose. of course sapura has much better vessels such as pipe laying vessels and offshore construction vessels which is high in demand. fabrication making lost such as mmhe is probably they lack in feed expertise.

Timmy Tan, I really salute u. u answered my question. thanks. are u accounting or auditing team ?

dont underestimate the syndicate play. the theory of push down the price then push up by selling higher is just us the street gambler perception. all these boiled down to the company performance. the market capital for sapura used to be 24 billion and left 890 million now where it is very discouraging.

what timmytan said is quite correct, consolidation then cash call again. even if pnb willing to subscribe another 40%, I doubt any banks would take the job as they need to guarantee to absorb all the undersubscribed rights.

pnb, if they are a good portfolio manager, they should know they cant afford to let sapura energy down because of the failed ex ceo. the chain effect is too strong, involved too many local banks. sapura is like the mini petronas, where they have mostly all the expertise and assets from gas field to assets which to promote green energy.

merger? more cash from maybank? private placement? selling off assets?

last but the most nightmare, another cash call which I think is a joke

I highly doubt consolidation of shares or any more cash call. the better ideal would be maybank as another pnb company spit out more.borrowing to sapura.

my another doubt is, why their explorationn and production never put in the revenue figure. After operating for more than 1 year, why this division is still making loss. this question was asked in the industry players buy no 1 can answer the reason for the loss.

too early to judge the strong, now creating new low

at 5 cents, with 15.9 issued shares, still can make another round of right issue ? joker

once report made, more selling pressure

sad, supposed a great company with good business portfolio ended up with pn17 status

fake rebound

anyone bought below 8 cents can take it as call warrant.

thheavy more than 60% backed by tabung haji fail too into pn17

another 30% selling down today ?

not sure if the mentioned saputa 3000 was sold, but last heard was it was in india with job and unfortunatelyaccisent happen to the crane.

is true,after pegaga and jerun, kawasari has never been the target to sapura energy as industry play it will be mhb to avoid conflict. it was delayed till now due to sarawak state involvement. but, since upstream online reported, why sapura never make any feedback regarding it.

lastly, look carefully at the report by uob last sentence which mentioning price was left with xxx xxx xxx.

not sure about staff salary not paid, as my friend still got paid at least but not as lucrative as before. vendor payment ring dong indeed is true

another thheavy in the making

McDermott fail badly, everything is possible.

0.03 , or equivalent to pn17? a big cut

0.03 per share. equivalent to pn17. seems like aax is better than this. pnb few billions burnt

ok sir December.

300 lots are a lot. your 30k shares? brave heart . money makers curse of 1.50 already happened. dont be surprise if 0.60 of his hardcore curse

wow u 2 combined to defend your childish claim ? i will never put any sell or buy target. stokesafe, if i not mistaken , i was in genm and genting while u were the active there .

splash all the negative sentiment about supermax, how badly the management of u know of, but don’t give your target price

bro, this dude from first day till today continuously wishing supermax gambler to lose as much money as possible , what is his intention ? for example, i never like one of the malaysian aviation company, but i never bother to leave a single comment in it . fair and square.

i am also truest sorry if i use the karma words, cause this dude really crossed the borders. he can share all the negative sentiment with supermax, but don’t presume all the supermax gamblers will lose all their money just because they bought supermax

moneymakers, normally, a person that curse other e people well-being are the people with either his souls full of satan or he has nothing left within him, or in other worlds a person with no value .

hi moneymakers, say and night cursing people to lose money, u will end up to pay double the karma. don’t forget . if have nothing better to say, just quiet ma . i never curse in other group with other shareholding although i don’t like that particular company . be sensible la.

don’t forget coke to report here to report anything happen to u as a karma even if supermax dropped to rm 0.65

aiyo moneymakers, don’t just use value in myr determining the dividend payout ma, have to use face value ma, if harts tomorrow paying 35 cents dividend with share price rm 2, this is good.

aiseh moneymakers, i thought lu anti supaermax only, harts lu also so hate? u had bad experiences with gloves ? i understand lu feeling. take time to heal. hey, when karma comes to u, don’t forget to report here for the last time.