Reputation of the company tarnish after the conference by chairman... It will face refinance issue and cash flow tightening problem...

KFC so hard working, work on public holiday...haha, seem like the price will up on Monday

The CreditWatch reflects the risk of a downgrade by one notch or more if Serba Dinamik cannot refinance its short-term debt or advance a credible refinancing plan for its sukuk in a timely manner.

Will the rating downgrade further next week..

This statement mean a lot, if you didn't read user manual, you won't able to understand how it work..

@sunnyleong Now let accountants in public to see this annual report.

I not account pro. But logic if got issue, why release the Annual Report?
25/06/2021 9:17 PM

Seems like going to release a good result .warrent run faster than mother

SC is investigating...which auditor sign off may face series consequences if SC found something

Shit hit the shareholders, don't want meet IIC.....hahaha which dumb still holding the share

Selling pressure are high..seems like the result ......

Ironically, oil price record high every day...the oil industries is on fire.

Volume so low and so boring....hope the coming result will boost the interest of investor on this counter...

Serbark rather spend all the effort change director, resign, conference, legal action, ......but after few months can't even get EY to commence review.....

Investor who stuck keep digging and speculate,. Haha...the longer it hold the more it lose......crazy...end game already when the decided legal action instead of third party review.

End of story........institute will continue sell off, bond rating will cut cut, company is heading to chaos. Borrower will reluctant to lend.....cash flow will become big issue...

the SC acted purely on what KPMG said and raided the premises of this company.

SC take KPMG word seriously and raid SDB......no limit down tomorrow, this is the worst news for sdb

It was recommended to get third party review, once third party prove the book is clean, the price will fly to the sky

Look at the issue raised, not the relationship between them...is the book clean, this is matter.

SC won't simply raid if no tangible prove..

As a investor what we want is clean book, sold the issue professional way, clear the doubt. Once the book are clear this is what we investor wanted to see.

If KPMG not raising red flag and align with sdb, and if it found the book is not clean later, investor can sue the auditor, so auditor don't have much choice but follow the protocol

We found no infringement of law or non compliance of provision. The key content is missing for KPMG to do whistle-blowing to the Securities Commission Malaysia (SC). As a result of unfavourable red-flagging of issues, the SC acted purely on what KPMG said and raided the premises of this company.

Audit is obligated to raise red flag if they found 'something', and we investor is relied on Auditor to ensure publish listed company book are clean. Why complain Auditor when the just do their job.

Auditor always act in favor of investor, we should support the investor. If the book is clean, eventually the price will go up.

The idea [for a review] was started by KPMG, and KPMG started with a completely wrong process and a lack of investigation. It is therefore in the interest of the company to set aside the sort of ideas that the auditor has suggested.

Is this mean they will not engage EY or other to verify as per suggested, Instead they prefer KPMG find alternate way to verify?

A healthy company with making good profit every year, ideally the depress of the share price won't impact the company, why rushing to sue auditor

Why rush to sue while still pending finalizing the auditing...this may drag the issue longer.

Currently the company should operate as usual.

I though the best way is clear the audit issue in next 2 months, after that only take legal action...

Haha, all the world also having the same trend, seems like investor are not interested in energy stock

No different, still struggle at 135-140, but I believe and hope the q1 profit above 100 million

Someone happily accumulated at price 0.135....haha

Struggling in holding 0.135...haha

Just wonder since Ular sold at 0.135, I reckon you won't buy high but waiting at 0.125. Haha

from the in interview, no cash call in near future, dividend is possible, and the market is robust...too many job.

Price highly likely will go up, what is the TP and when ..speculate yourself la....

Q420 oil USD45 vs Q121 USD65
7rig vs >8rig
Shahril vs no Shahril(save 100 million)

https://www.theedgemarkets.com/article/can-anuar-taib-turn-around-sapura-energy

Very positive..

KFC shit never see QR lah....haha

Posted by obakh222 > Jun 18, 2021 8:48 AM | Report Abuse
cutloss already la

Haha, another KFC shit being flush out....

Politic uncertainty, all counter will impacted

This @ular who is a fans of Shahril and was sold at at 0.135 for KFC, why are you here, interest in Sapura again, want to buy high??

Sapura need to prove profitable and increase cash flow.

No relation at all ..oil price has not impact to sapura although it is energy stock, you are there smarter investor..@Peter Lay MY

After 5 am tomorrow, all activities will be allowed except some activities that will be prohibited and some activities that will be done in a restricted manner. A detailed order will be issued,” Kejriwal said.

India further ease covid restriction, finally, China, USA , India and Euro are reopen except border..

I guess won't fly but craw up slowly if got support from better performance in next Q.

Global covid case drop to 380k cases (7 days average) at level never seen in 2021...human is winning the war soon again...

Possible to drop below 200k by end of the month..

Need to pump money into Jerun, anyway soon or later move out from dirty oil..

Haha, Ular and Stattegist are proud KFC who sold again few days ago...

haha, indeed a lot of KFC shit here cause it is penny stock....btw they don't have cash to hold lah....

India reported 80k new cases from the peak 850k, their reopening will be accelerated...oil boom

Sadly Malaysia current covid cases is worst than India...

Major states and cities in India, including the national capital Delhi, on Monday began easing restrictions to allow more movement and economic activities as the number of Covid-19 infections fell to a two-month low.

As Delhi began the unlock process on Monday, heavy traffic was seen on the roads. All private offices in Delhi have been allowed to resume operations with 50 per cent staff.

other the good prospect of oil counter, the good news is the war against covid is moving to next stage post-pandemic ....

covid cases drop below 400k from 850k, only handful of country are still in lock down include Malaysia, majority of developed country and high oil consumption country like china and India are reopen....you may seed big draw from EIA report next week amid summer travel and india reopen since lock down in April.

with the support on the ramp up demand, even iran flux with million of barrel, it will only minor impact to the price.

OPEC should pump more oil to stabilize oil price, the consumption of oil reduce and impact recovery of developing country if price too high..

Sharill was kicked out( retire as reported) in mid of March.

Remuneration restructure by kicking out shahril Last year..haha. this was first thing done by PNB when they brought in new member like Anuar Taib.

Shahril, who was grilled in the group’s AGM yesterday over his high pay of RM71.92 million in the financial year ended Jan 31, 2018 (FY18), and RM84.24 million in FY17

2nd big oil consumption country after China in Asia due to open fully by next week's, cases drop to 120k from 850k, boom boom

Oil boom coming, USA oil consumption close to pre-pandemic without border open, Europe reopening and target ease border restriction ease start from 1st jun, need pump more oil

Sapura has clear all the shit from former CEO, it has save the company close to 100 million salary to pay former CEO..

With revenue 7bil contract for FY2021 could we expect 100mil net profit each quarter.