The longer they held back any news the lower the price is for them to pick up,

No news is better than good news.

Lim Kang Hoo could take over RTS Link to Singapore.
https://www.theedgemarkets.com/article/lim-kang-hoo-could-take-over-rts-link-singapore

2 conflicting hints. One from PM on importance of oil & gas industry and another from Finance Minister (non-elected politician, nominated Senator) that it might be too big of a mess to be blamed on him for handling it.

I think Zafrul is thinking he might not be a Finance Minister after GE15.

Tengku Zafrul announces approval to build Puncak Alam ECRL station.
https://www.theedgemarkets.com/article/tengku-zafrul-announces-approva...

The old story.
"You look after me, I will look after you".
Is SAP problem too big for him to handle?

Will it be 15-0 for Rafizi as he takes on Sapura Energy’s top gun Shahril?
https://focusmalaysia.my/will-it-be-15-0-for-rafizi-as-he-takes-on-sapura-energys-top-gun-shahril/

"THE WORLD'S SECOND LARGEST INTEGRATED OIL AND GAS SERVICE PROVIDER. "
You have to be proud to say this is in Malaysia, where FGV was Malaysia's largest IPO. Unthinkable in this "BOLEH" land.

billionman
All cool.

billionman
I know tomorrow is a holiday, but do you need to copy and post all that news?

Don't get carried away. That Coverage article is back in April. Just need to watch the news in the 4 working days.

PM: Terengganu experiences rapid development with oil, gas industry as backbone.
https://www.theedgemarkets.com/article/pm-terengganu-experiences-rapid-development-oil-gas-industry-backbone
Was that a hint on how important the oil & gas industry is to Malaysia.

Hope it is not the same as www.wellous.com which is full of risky malicious software and virus.

Related transaction. Left hand pass over to right hand, same same. Retail outlet. What a high class massage parlour?

mTouche Technology buys two TROIKA units for RM17.9m to set up wellness studio.
https://www.theedgemarkets.com/article/mtouche-technology-buys-two-troika-units-rm179m-set-wellness-studio

TonyS9
Sorry, I meant 21,000 shares traded at the time. It finish with 40,100 shares traded. Tells me that news is worth nothing.

21k turnover on that contract. Maybe that contract is really not worth it.

The Bumi GLCs are the power base of the BN govt. With no help to Sapura, BN can kiss GE15 goodbye. Also Zafrul will loose his cosy cabinet job. It's call self preservation.

Exactly, how did they get there? It is unthinkable that a company of this size in Malaysia, as well as the world can fall over.

One step at a time. At least they got pass the first hurdle. Now they need to get pass the next hurdle. The world is not created in one day.

There is no such thing as impossible. This is Malaysia Boleh. If we think SERB is in worst off predicament than SAP and can KAW TIM the creditors, surely with a bit of nudge, nudge here and there as well as a bit of hard negotiation SAP also can KAW TIM.

Banks reach settlement with Serba Dinamik on scheme of arrangement.
https://www.theedgemarkets.com/article/banks-reach-settlement-serba-dinamik-scheme-arrangement.

The news update out of SERB is a lot worst than the news update here and they still manage to stabilize their price movement. Over here with not that much bad news it's price has completely crash. Thought this was a better proposition than SERB.

Already 135m+shares gone through this morning between 0.60 - 0.65. There are a lot of investors trapped.

It's a battle of survival.

looks like there is a lot of shares 135m+ bought between 0.70 - 0.85 in the last 3 days that are now looking at a loss. Big $$$ considering the volume.

If MOF is going to come up with something it is likely to be announced on Tues, Mon is a holiday.

cashflow

You have 6 very big dreams. You will be lucky if you strike one. (as good as 4D)

Can't blame the small punters. Most of them didn't even vote those BOD in. It is the big powerful institutions who hold a high % of the votes. They should have a look at the actions, and maybe correct it.

GE15 coming UMNO needs $$$. Ask Bossku, traditional harvesting ground.

What are they doing here? Is the offer too lucarative that they cannot resist and are prepared to tarnish their credentials for the sake of the $$$? If it is close to Shahril then I will understand. Only problem is we don't have that kind of $$$

Datasonic is the money bag for UMNO. Possible more good news from Govt when it get closer.

My question is what are those two high calibre (according to their history) individuals jumping into this potentially dying company soon to be terminated?

Same as property sales. They built the building and equip it to produce gloves. Now they can sell the lot as VALUE ADDED property dedicated to gloves. Next door is Top Glove and whisper is they might be interested.

They got DURIAN plantation. Free durians next AGM

Are we still chasing the test kits? Late comer on test kits Rubberex seems to have done it and we are still chasing? They have even done better in what we aim to do by branching out into the health industries. Management is useless, the company is a means of pocketing money for themselves!

Rubberex buys test kit maker, proposes name change to Hextar Healthcare.
https://www.theedgemarkets.com/article/rubberex-buys-test-kit-maker-proposes-name-change-hextar-healthcare

Gap Down, not Gap Up!

I think the market reaction yesterday might be the big boys playing the market to get the final MSCI index up.

Late buying pushes KLCI turnover, volume to multi-year highs.
https://www.theedgemarkets.com/article/late-buying-pushes-klci-turnover-volume-multiyear-highs.

It's not a bail out. Just a life line for SD to prolong the saga and chance to get out of trouble by using Petronas name as a support. No $$$ injection involved. Probably some hidden Govt intervention.

Legend
The 2 postings of yours is already in Sapura's market buzz in I3. Don't have to copy it again. Thank you. You can start by telling us where you think the price is going this morning and your assessment.

Wait for the next quarter. If not good, they might supply free DURIAN at the AGM.

It's OK. We got Petronas company seal that might be needed for any guarantees.

Serba Dinamik records revenue of RM205.5 mil in Q3.
https://www.theedgemarkets.com/article/serba-dinamik-records-revenue-rm2055-mil-q3.

Is this for real? According to this report it is mostly from Middle East or outside Malaysia. I presume this aren't audited accounts, because they can't check the figures again. Do we trust Karim?

You all know that Petronas has today thrown a life line to SerbaDmk. Maybe Petronas is going to do something for Sapura or PNB is going to do something. Obviously nobody commits themselves to that volume of shares unless they are pretty sure of the direction it is going.

Like to know how everyone is reading into this 130m buy @ 0.085 in the last 10 minutes, considering that close to 135m has already been sold (dump) all day at 0.80. This is a major move, maybe someone is acting on inside information.

Don't they know we are now a PN17 PLC

If you are waiting for 0.075, it is not going to get there. Maybe tomorrow.

Amazingly even though they have been dumping into 0.08 the support for 0.08 still keeps coming. So far 83m shares has cross over at 0.08.

0.10 now. Still coming down.

49M of the 55m shares traded today was dumped on 0.80 buyers. Obviously there are still some institution not happy.

Market not impressed. Looks like it needs more news to get at least another piston firing.