Yu_and_Mee

what if next QR still losing money like nobody?

2020-01-08 08:23

Icon8888

I finally made up my mind to buy a meaningful stake at 29

Looking beyond weak numbers and take Long term view

US shale oil has plateaued . I think oil has reached bottom

Especially with the Iranians firing tickets at US base

2020-01-08 08:25

Icon8888

Rockets not tickets

Sorry

2020-01-08 08:28

stockraider

Yes 2020 a year for sapnrg, please load up while cheap b4 too late loh...!!

No pondan....pondan..........$$$$$$$$$$ coming mah...!!

2020-01-08 08:42

Sslee

Hahahaha Icon8888,
Have you read SAPNG financial report? Below is what Choivo said about SAPNG?

However, to be honest, it sounded a bit like the typical things that any CEO in the world would say, I mean, how long has it been since Tan Sri Shahril talked about SAPRNG making a profit?

And just after an RM8bil fund injection into it by PNB to save Maybank (they held a big chunk of SAPRNGS loan book), its now looking like it might still go down at any day again, with Current Liabilities again exceeding Current Assets.

Having said that, I recently spoke with a friend who audited saprng and their project finance reporting manager.

In essence, due to the sheer amount of capex they had, which was all backed by borrowings, despite the oil slowdown they have no choice but to take projects. And 70% of them are loss making, even without taking into account financing cost.

Its that hard and risky
22/12/2019 11:20 AM

2020-01-08 08:44

stockraider

Post removed.Why?

2020-01-08 08:48

Sslee

Hahahaha Stockraider,
Managed to sell your INSAS-WB at 1 cent?

2020-01-08 08:59

stockraider

Post removed.Why?

2020-01-08 09:09

Nikmon

Never expect icon888 invested this counter, i taught Iran tension will escalate and buy in...now stuck..haha

2020-01-11 20:38