Posted by Tobby > 2021-10-01 13:12 | Report Abuse

9 cents loss is too much! I didn't see the Opex or operating expenditure shot up so much due to Covid!
The other thing is the revenue! It has yet to account for alot of unaccounted revenue which the management acknowledge and request for delay!
So either this result will have to be re accounted or will be counted in the next quarter! I don't know!
Rest assure, Saprng is actually still undervalue given it's price is still below it's book value!
Having said that, it seems the new team has alot of work to do! It's very tough job! Very tough!
But as long as the new team which is veterans in OnG do their best, i think Saprng should be turning around next year! Given that oil and gas price are now at their 4 years high!

Posted by Tobby > 2021-10-01 13:12 | Report Abuse

The variables certainly favoring Saprng at the moment!