Lng price down by 4% just today

https://www.thestar.com.my/business/business-news/2019/07/19/sapura-energy-sees-earnings-recovery

Is an old news but what I am trying to show is even the top paid ceo is good in lying

If not mistaken, perisai ceo is the ex ceo of sapuracrest.

Goodluck all

Sold with lost

Probably another lost making 4th quarter

Looks like sk408 is a myth. 3 years after the fid and recently drilled their first gas and some crude oil , investors still font buy into the company. Looks likely their debt is ballooning and very cloudy.

Gas found and start production should be a great news. It should buy the fund managers confidence in sapura, but it is the opposite way. What else worse can happen to sapura ? Another cash call? Which is unlikely as the valuation would be too bad and which would subscribed? The debt continue to rise although billions of revenue quarterly. The worst? Maybe pn17 in tbr making with the inability to service the loan. If not mistaken, saira had 3 billion short term within next 9 months need to be cleared.

The next to do? Maybe just sell and run away.

I sorry to be rise to say, pukinak bn with a bunch of moron and retard spam leavers.

Gdex is the midstream oil gas by transporting sapura gas to bintulu? Or gdex own the mid central whp?

Ron90, I think most of your statement is not accurate. The right issue raised and the omv injection do help to pay off the debt. Previously, sapura on the 16 billion debt now cut to 9 to 10 billion. The lowest was 8 billion debt recorded.

Yes, third quarter supposed to see earning recorded but unfortunately is in red, for this, u can said we are being played down by the ridiculous management.

PNB is on 40% shareholding, it had surpassed the 33 optional general offer but bursa grant exception. For this scenario, PNB is not allowed to buy more shares , even 1 share, as they will need to report to the regulatory body for every shares they transacted with shareholding above 5% for all shareholders.

Conclusion is, this stock is highly impossible to go beyond right issue price at 0.30. Worst scenario, it could be the second Perwaja in the making in malaysia corporate history as it involved rakyat money.

This week trade looks very similar to the volume and price surge in early december. I guess it will back to 260 again in few days time.

Check morningstar , the foreign fund is selling sapura. In december ending

I think I will only able to hear the story if those short sellers made millions while I am stucked at higher price. Nothing can be done besides losing the money and watching the short sellers to earn and seeing the managements getting millions of remuneration. This is the nature of the game , some one gain is someone lost.

U are indeed talented short seller player. Maybe tomorrow down to 275.

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Their right issue in 2018 is considered a failure as almost 18% undersubscribed.

At 26 cents, I dont think they will call for another right cash call as it wont raise much money and I doubt there would be any banking group willing to risk.

I think we all know pnb bail out sapnrg from bankruptcy is also part if their mission to rescue maybank cimb from too much 3cposure from non performing loan.

The right issue is almost 1 year time from now and the company still could not performed as expected. Billions if contracts won is true but billions of capital expenditure after billions of revenue per quarter is a question mark.

If we put aside all the bad quarter, especially the latest quarter with the loss, we should ask the pnb as the biggest shareholder what have they done to protect their investment and also the minority shareholder. In a bad financial situation, what make the pnb to agree for further millions of essos allocation for their ceo besides the huge remuneration yearly. Yes, we agree the cei cum the cofounder did pawn his shares with the bank in order to avoid the default the loan

As the ceo, he supposed to be a man with company first followed by his personal interest as he is not an ordinary ceo as he also the cofounder.

We all know drilling business is tough, but does it make sense to keep all the idlibg TAd when there are not chartered out for long period of time ? Semi submersible is equivalent or better than Jack up rigs. But , tad is lagging behind and it doesnt make sense to keep those vessels even for cold stacked.

U wo t get a medal by calling yourself with the top 3 highest number of drilling rigs in the world when half of your rigs are updated.

Inderiorly , we only see those issues that I mentioned, and it already reflected how badly this company is managed. Maybe, there are still tinnes of other mismanaged issues within the company.

My thought is, PNB as the biggest shareholder and has the highest exposure to malaysia market should restructure the company .

Yes, I agree on never buy a company stock when the trading volume is low or non trade daily. But, for a stock that with high volume daily but price trending down is a sell sign. Saputa I think is in this category.

I think this company is going to announce more bad news and I dont think the sk408 would give any impact at all.

Proof what ? This is basically impossible for the 3 funds to buy up the price. Epf ala arguement with the ceo , epf had been a long time getting rid of themself from sapnrg, they had merely less than 2 %.

Vanguard is western fund house. American and European would stop finance institution to finance oil and gas project. All European fund house is reducing stake in oil and gas in much faster pace than anticipated.

Amanah ? Pnb already 40% stake. If they increase by buying up again, this will trigger mandatory general offer , since they had specially request for exception fat 33% which is the bursa rules.

Who.is the assssshhhold that report ? Pukinak childish.

What happen ?

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Old news article, but just want to remind all of us here, any of the Vincent tan said ever materialise after almost 1 year ?

https://www.thesundaily.my/business/vincent-tan-plans-to-list-u-mobile-by-2020-to-delist-berjaya-land-MA288970

At this juncture, my view is , privatisation is not possible at all. For public shareholding spread, I believe bjland management will just ignore the warning from bursa malaysia and to purposely let the company to fall in to suspension of listing as this would not hinder the operation company normally.

Kaakakak, don't waste your time Leong, malaysia listed companies never had the transparency and responsibility. Secondly, this company is not under the radar of all investment house, therefore, they can quickly and quietly escape any reporting.

Kospi almost close for trading and no news still? Perhaps the court case did not run at all.

At least there is some volume kicking today after so many days quiet.

March news bro, obviously there is no case. Is a conspiracy.

Kakakaakak. Again, macroeconomy relating to sampah sapnrg ? Akkaakakakak

Of course cut rate good for bourse, no cut also no affect malaysia bourse, as we are cukup pariah market.

Malaysia also definitely cut this last quarter ma. If still no cut, ask the big old guy kn putrajaya go tiao by dog.

Most bike supplied by singer ? Bro, are you berjaya group big fan ? Why u like berjaya group so much ? I believe many would agree with me this is one of the most pariah company in malaysia.

Ok sir, KFC.

Anywhere, don't angry angry and fight fight here, this is prohibited here. U only allow to talk about sapnrg, KFC and aiyoyo

Spinning, I would like to know something about sapnrg since u said u have 3 years bla bla bla with sapnrg. Can u WhatsApp me at 0112 710 5671 ?

So , that mean , you never say it will goes up of sapnrg? Okok, maybe gua remembered wrongly. Ok , so , just want to ask you i3lurker, since u said u were accountant with huge companies and understand how they decorate their financial report, can I ask lu, what is your opinion of sapnrg ?

Aiseh, gua agree the budget is sampah, as the title say , government revenue first, but there is not a single policy that stimulus the economy. 7 usd ewallet????? Kakakaakak. Niama, worst than myanmar budget I think.

Diu u all know nothing , is 8.5 cent actually . Oui, don't be surprise it will come to 8 cents. It came all the way from rm 4 to 26 cents.

Spinninglotus , let's see if lu correct this time since all your precious call is buy high sell low

80 cents? 30 cents also hard to reach at the right issue price.

Ob the way to push the price up for u ?

Force delist only happen when 90%. No matter how, Vincent tan would still have to respond to the bursa 85% threshold. Every respond would take 1 month. If first warning by bursa is 1st January, bjland need to respond within 1 month. Second respond is when bursa announce they decline the time extension, bjland would have to response within 1 month too. So these couple of days, bjland would need to respond to bursa. This is what I learnt from other companies public shareholding spread.

When rm 1n who known will drop to 25 cents ? Just a bad counter. Anywhere, is really not a good ideal by promoting a stock and give your own target price, this will misguide many newcomer in stock market. All stocks with certain risk.

Brent crude back to square 1 now usd 61.8.

Still no feedback from vincent tan of the public spread.

Stahl2017, I have the same thinking as u. Really interesting pattern.

If come back to 0.155 , u better run far far. But, this pattern trading is too interesting in bjland.

Guarantee price up ? Kekekeeke. Okok gua trust lu based on this flatten chart? Okok. Gua trust lu since lu expert

Aiseh, I don't know your genting is genting holding group or genting malaysia. If genting Malaysia, can lu tell me how it has any pink with genting Singapore in term of both companies business besides both link with genting group?

Aiseh night time also want to tiao this sapnrg ceo pukimak tail sampah.

Aiseh, apple168, u talk the thing that all junior investor know fact about genm. At least lu tell ma, what is your exact Eps for the next full year ? What are the total extra sin tax going to be paid versus before the raise for this full year .

Give this number ma. One more thing la , the lim family bought empire with genm is smart move for him ma, he list big in empire, nobody in the market want this junk, of course get genm to buy ma. He supposed to get genting to buy, but rejected by his own family member.