This trader uses high frequency trading. Computer trading lighting fast no humans can beat. Buy sell within seconds.

There is no longer oversupply of oil....I have the data at hand. By April we will see oil price going up. Steel import Tariff 25% will make shale oil suffer from April onwards.

Assuming financial report showed 300-400million cash loss, with RM1billion plus impairment. This should drop the NTA of Sapnrg to RM1.80-1.90 from RM2.06. Using 50% of NTA as target price=RM0.90 to RM0.95. Close to estimates from the rest of local stockbroking houses. So far only Affin Hwang and Hong Leong gave NTA of 67cents, which includes the massive impairment of RM8.5billion goodwill impairment. HwangDBS has been actively trading this counter down since RM1.40 and Affin Hwang is related to HwangDBS. So 40 to 50 cents is massive undervaluation due to sharks and shortselling.
Last Friday many oil counters could be related to election rumours or oil price rumours. There were triple witching yesterday and oil price suddenly jumped as traders closed position for March 2018 and start April 2018 trades. So I foresee oil price will start going up to USD70-80 next 3 months. Then more oil and gas work will follow.

lohpeiyee do you know that this counter is listed in NASDAQ with price of 0.23USD last Friday? USD0.23= RM0.90. Same as my calculation of its share price fundamental. They are manipulated. They cannot manipulate anymore once the financial report proves they are wrong. Let us wait and see...
https://www.nasdaq.com/symbol/skpbf/news-headlines

lohpeiyee I don't think it will be delisted. So far no Oil and gas gets delisted. I strongly believe oil price will jump to USD 70-80 by June2018. Market is going into full deficit very soon. Watching closely....

chinaman, initially I thought politics was the reason for it to be sold down. After checking the fund activities I realise that US funds are buying big. 8.6% in total by 4 funds. KWAP, Amanah Saham Bumiputra, Amanah wawasan 2020 al hold big percentages without selling down. Only EPF sold.
Scomi cannot be compared to Sapnrg because Sapnrg gets contracts from overseas. Brazil is their biggest market. However, in election if BN win, status quo. If Pakatan Harapan win, it will be totally different because it will have unlimited access to bank funding. Let us wait and see. Future is not as bad as others think. Mokhzani still holds 3.5% stake here.

Based on technical trading and shark trading, this could happen. Based on fundamental, 40 cents mean RM8.5billion impairment with NTA 67cents only. 99% sure nobody will write off these impairment in the final quarter. When market realises the report is not that bad, there is only 1 way to go up.

r Moi, are you from the shark? Read the term loan in the report. More than RM1.5billion has been paid down with free cash in the short term loan section.

Furthermore, oil price is going to shoot up again.

Pmaster, it is still too early to predict another crash before financial report. Some good news about oil price is coming. And I saw the short term loan for Sapnrg has been reduced 50% by using its free cash flow. In a way this should reduce some interest. Majority of the RM15billion are long term debt about 5years and above. It's RM12billion projects can last for 3 years. It just needs project replenishment within this 3 years. So no worries about its fundamentals.

I got the news from remisier that CEOs are prohibited from insider's trading 1month before financial report release. So no point for Shahril to talk anything to affect the share price because he is not allowed to trade at all. Once financial report is out, we can see some new announcement to enhance shareholders' values. We need to have confidence in him. As for local funds KWAP has increased shareholdings, Amanah Saham Bumiputra also holds high percentage. Only EPF keeps selling. Other funds are not selling. In addition, there is this trader from HwangDBS keeps trading this counter intraday disturbing the dynamics of this share price volume. We have few professional traders whom may be using high frequency trading system to trade this counter massively. So they can take advantage of this as long as before financial report release. If proven wrong those traders could lose money. So we see them manipulate aggressively. Airasia also faced accounting issues before until its share price plunged to 70cents but Tony took effort to sell assets to pay down debt until it flies back. That time Tony borrowed cash from banks to buy back airasia shares. Hope Sapnrg Shahril and Mokhzani do the same. Difference is Tony is good with UMNO but Shahril and Mokhzani are good with Pakatan Harapan. So banks might be hesitant to lend them money.

E&P was supposed to be listed as RM7billion company. However Bursa did not allow RM7billion. That RM7billion could reduce Sapnrg's debt from RM15billion to RM8billion. This is actually very good. However Affin Hwang analyst shot down the benefits of this plan. He said this will make Sapnrg shareholders lose out. So far local fund managers are selling but US fund managers are buying. So due to this uncertainty, today Sapnrg share price goes up 54, goes down 47. Directionless don't know where to go.

lohpeiyee it will not drop until delisted. Banks own 86% of this company. This company only needs more projects to come. Right now we have to wait until shale oil in US run out of steam due to increase steel import 25% tariff, financial accounting of massive impairment, oil and gas production volume to climb up, conventional oil field degeneration, oil price increase to USD70-80. So may be another 6-12months to go. After election hope Mokhzani will come back to buy. Opposition win or not will change its fate tremendously as Petronas is controlled by Prime Minister of Malaysia. Brazil oil and gas needs to boom further. If Sapnrg has no cash to carry out projects, hope it can list E&P to get more money.
RM12billion projects can sustain for next 3 years. Right now only able to pay interest. Need more projects to pay down debts. E&P can get cash to pay down debt. The fate of Sapnrg shareholders is hanging on. Definitely Shahril and Mokhzani don't want their shares diluted due to E&P listing. How they handle this company will affect Pakatan Harapan winning rate.

Financial report announcement might happen on the same day of Parliament dissolution. Such a great timing!

This trader from US is expert in trading, charts and market price manipulation. They have hugh capital outlay. EPF is selling for election uncertainty. If some said this counter is opposition linked, then politics is a thing to watch for.

Parliament could be dissolved on 29-30 March

Today technical not looking good. Big funds are selling big.

Forming a Doji today.

US tariff will increase steel price 25% for US shale oil drilling rigs. That is serious cost inflation for US shale oil industry. Massive cost increase.

299million shares bought up by US funds since March 1 crash. EPF sold, they bought. HwangDBS doing short selling in the process. Almost same amount Mokhzani sold to the market.

Vanguard 2.8% from 2.43%
State street 2.1% from 0%
Black rock 2.06% from 0.06%
Dimensional 1.06% from 0.1%
Changes since March 1 crash.

There are 4 hugh US funds currently have bought into Sapnrg. Vanguard, State street, Blackrock and Dimensional Fund Advisor. These 4 funds collectively hold 8.62% of total market shares. No kidding. If Sapnrg is getting into RM8.5billion impairment and cashflow problems, these big funds have lots of money to invest. While EPF is selling nonstop, these 4 US funds are buying low. So these US smart money have better accountants than Affin Hwang analysts. So while HwangDBS is doing shortselling, these US funds are buying big. No surprise if they can take over Sapnrg if EPF keeps selling.

A US fund bigger than EPF has entered into Sapnrg, a fund with USD3trillion assets. This trader is a powerful one.

Market could be worried about the financial report "Not That Bad" as mentioned by Affin Hwang analyst. So market has to trade up first before financial report release. Short sellers are very scared now. Let us watch the show.

HwangDBS shark is coming full. Be careful

Market does not believe Affin Hwang analyst anymore. 40cents is unlikely. Ridiculous target price.

Rebound with high volume. Everyone enters at the same time.

While EPF is selling, Vanguard groups are buying up to 2.5% shareholdings now.

Affin Hwang analyst made the bottom at 40cents.

Bottom already. Must buy.

The bottom is near.

Putting conspiracy theory aside, Shahril is so eager to list E&P, once listed will leave Sapnrg loss making and become PN17 with hugh debt RM15BILLION. This is truly worrying. By right Shahril should not list E&P out from Sapnrg.

Share price sabotage this is what I call. Nobody wats to give you oil and gas big projects if your share price is so low. The easiest way to kill opposition parties is to kill the opposition companies. Mr Koon is also suffering now, same for this counter.

If EPF wanted to exit oil and gas counters, it needed not to buy shares from Mokhzani.

By pressing down share price, it creates panic in this counter. Then nobody wants to give this company big projects anymore. Indirectly it can force Shahril and Mokhzani to surrender. Win without fighting. They cannot take over the company because they will not be able to secure more than 90% shareholders ' approval.

It is a systematic plan to push down the counter using hugh amount of money. Some big powers are involved. That is why Shahril is so quiet and Bursa SC is so quiet about it. They cannot plunge the counter suddenly, so they press down the price 10% everyday, bypassing the rules and regulations.

Mokhzani needs money for Tun Mahathir's election. Prime Minister Najib could order EPF to push down the price and take over the company at cheap price. This is my political theory for what is happening to this counter, if excluding financial and investment reasoning.

So it smells something like politics in this case. Not sure what these funds are doing right now.

Pmaster I am not sure how many outsourced funds EPF has bought. UnlessEPF intends to privatise this company....this is possible too. Mokhzani needs to buy back 10% at 40 cents to prevent EPF takeover and privatisation.

Based on all their shareholdings, they hold collectively 45% of all shares. Stil long way to go for mandatory takeover.

Where did you get the information?

The most possible scenario is : list E&P, Sapnrg becomes PN17. Money from listing paid to debt in Sapnrg, then regain footing after debt restructuring. Traders cannot make any money unless they do technical rebound soon. No technical rebound, nobody wants to buy. With technical rebound, ikan bilis will come to buy.

Well the way I see that Shahril is so desperate to list E&P mean they need cash urgently to survive. This is no good. Once listed Sapnrg will become PN17 company with loss making and worthless assets

Yes I am eyeing 40 cents. Watch what traders will do at 40 cents. Traders cannot make any money here without technical rebound. Traders will be stuck with lots of shares to hold at 40-50cents. Soon they have to push up to sell. Traders will be scared of holding too much shares because if E&P is craved out from this counter, Sapnrg will become loss making entity with potential PN17. Like Perisai going to 7cents. So traders will have no choice but to push up to sell

MAS is different. It was plan by government to privatise it. Unless government wants to take over this company and make it their own oil and gas company, at the moment it will not happen because whoever takes over needs to cover its RM15billion debt pile.

What final plans are you scared of? Traders who press down are unable to earn at the moment unless they do technical rebound. They cannot press it forever

They cannot privatise now because too many are stuck at RM1 and above. Need to secure 90% acceptance price. The company has no money to buy back shares. Too much debt with no profits. Yes the price may rebound to 50cents after touching 40cents.

Affin Hwang analysted expected the price will drop to this level. Real salute to him.

40 cents for technical rebound? Affin Hwang analyst golden finger?

Oh yeah Pmaster, now comes the rumour of delisting. Highly possible....