emmmm..but why price heavy to move..down pressure dominance

true..that fact hard to digest....big boys fatter and fatter away in caribeeean sea

sapnrg wearing masks......hahaaaa oligarchs playground...hope bilis will survive through..if not paralysed..

Publish date: Tue, 28 Jun 2022, 09:22 AM
1. YoY still saw losses widening on the back of slower works. YoY, losses widened by 41%, in tandem with the deteriorated revenue, on the back of slower works done for its E&C following several project completions, coupled with lower rig utilisation and charter rates for its drilling segment.

2. auditors expressing material uncertainty relating to its financials looking highly unsustainable and outlook remaining bleak, .


3.The group still carries an unsustainably high debt of ~RM10.7b – all of which are classified as short-term borrowings in its balance sheet, with the group having recently written off 99% of its equity book value in FY22.

4 Mitigation effort .
-The group is still finding access to credit facilities incredibly challenging given its dire financials.
- continuing its restructuring efforts in order to remain afloat
- renegotiation of its legacy contracts and with lenders over its debts,
- implementation of a divestment plan.

On a more positive trade off
-managed a successful drawdown of a RM300m working capital loan, securitised against the proceeds of disposal of its Sapura 3000 asset, which is expected to be completed in July. expected to help ease its liquidity issues at least for the next couple of months.

Maintain UNDERPERFORM..... home to rest for 9 months ...then wake up hope still afloat

hahahahaaaa

bfast nasi lemak steaming hot coffeee ....

something like cat and mouse ....games....fishy ......agreed with sailang...bro u rite.....

get hold of the previous BoDs and Ceo for failure in exercising their fiduciary obligations to the company and investors...... no use talk tali..yet those top gunners exited fattterrr

RTO....who dares to commit such huge sinking debt supertanker??

chichkman..wisdoms of a wiseman.....u rite

yeeeaaah TRex emmmm

looking at the KLCI index......at the end 10 minute unsustainable ...reflecting mkt is in jittery mood and unsure......... earlier good start merely cosmetic playhouse display

1451.72 @1650 dive sharply to 1444.22 @mkt close time -7.5 p0ints in last 10 minutes duration somersault ..hayaaaa

haaahaaa hooohhhhpless

true uncle.....

https://www.theedgemarkets.com/article/bank-pembangunan-sues-former-md...

This is a good exemplary .... for BoDs and CEOs whom failed in their fiduciary obligations...in an organisation in this case Bank Pembangunan Loss...... RM 0.5 billion. forensic financial really in need to unveil the truth. When British Virgin Islands offshore is involved.....emmmm this is Bank Pembangunan Case as creditors

oligarchs playground...follow... then be another zombie

even if sell all SAPRNG assets..to pay for the debt.... still not enough..... irony why 3000 vendors stuck their payement.. and ehy all BoDs and CeO never miss being paid???? 1mdb scheme alike haha

osted by PunTatBerSiul > 45 minutes ago | Report Abuse

BSKL must do spring cleaning. Won't be surprised if 60% of the listed companies are th-rash.

---------------------------
true.....lots of gambling machine like fruit machine......full of mou, JV ,PP, esos, .etc.....last consolidation..... . then repeat again...cyclic... unless willing to ride the wave for short gain ....like Genting.... but always loose..thats why more car accidents for ppl going down than going up......going down most are loser.......only a few selected gain.

even delisting.. SAPRNG .bz is as for usual.....what's the problem with that? why have to stay in market if non profiteering and debt laden... hve reached a cut off point for exit ...BSKL very kind still wiling to accommodate such problematic companies in the market .........

going for abalone lunch......ahahahaha

hoping emotions is a sign of no synergy in bz only sweeteners. Even that hard to work.

SAPRNG going nowhere for time being..... relaxing in old folks home waiting for bfast..lunch ..dinner may be KFC or McD for goodwill gestures hahahaa

too heavy to move.. even ..brisk walk at tortoise pace...... drag drag heavy load behind.

hope Mabel have better luck hahahahaaaaaa

Posted by cicakman > 58 minutes ago | Report Abuse

Why suddenly good luck?
Got pot luck party ka?

-------------------
hhhaaa cos always no luck.....bad luck prone hahahahaa

good luck to all SE dwellers... hoping the strategy fruitful... either way the supertanker may heading...abalone waiting hshaaa amiss ab..leave alone

Sapura Energy posted earnings of RM91.9mil in the first quarter ended April 30 (1Q23) as compared with a net loss of RM97mil in the same period a year ago.
In comparison Q period of the same earning RM91.9 mil to LOss RM 97 mil........still LOSS of RM5.1 mil ....HOW?

This was achieved after booking a net forex gain of RM175.91mil in the period as compared to a net forex loss of RM42.69mil in the same quarter a year ago. ... cos of Ringgit depreciation against USD.


at least sequentially-better results, but many challenges remain, with legacy loss-making contracts to make up between one-quarter and one-third of the estimated FY23 revenues.

This can be interpret struggling to make ends meet for the coming years.....

https://www.thestar.com.my/business/business-news/2022/06/29/sapura-survival-depends-on-debt-revamp

This is the sweeteners everybody talking about..its fact ..not fictions ...

updated NTA 0.01 cents? how to relate to Q profit joyful shirt time.... ? nta sliding more down from 0.02 cent to 0.01 centa....sweetenere not enough to support the down trend

funders and bankers are cornered to..by SE.... wait 2-3 years yeeah

even price not sustainable..short lived... 30 july tomollow... funders, bankers, 3000 vendors demanding in court payement and debt? wherevto run.......
profit to cover interest yet bkeeding...how

selling sweets...

..IF Bank Negara Malaysia’s eight-member monetary policy committee (MPC) raises the overnight policy rate (OPR) by 25 basis points (bps) at its next scheduled meeting on July 6, it will mark its first back-to-back increase since mid-2010, when interest rates were normalised following the recovery from the 2008 global financial crisis.

Compared with just a month ago, more economists now (at the time of writing) reckon that a 25bps hike will happen in July, but many still think a pause is possible in July ahead of the Hari Raya Aidiladha celebrations. In any case, at least one more rate increase (if not two) is expected to take place by the conclusion of the Sept 8 meeting to bring the OPR to at least 2.25% (if not 2.5%), consensus data show.

Anticipated that Bank Negara to frontload rate hikes expects the central bank to tighten 25bps in July and another 25bps [to 2.5%] before year end. For 2023, [we see] another 50bps hike in total to bring the OPR to 3%,” experts at Maybank Investment Bank Research write in a June 16 note.

hahahaaa hanging around for fun with keriput pampering......

its now becoming speculative stock

Posted by Nikmon > 18 seconds ago | Report Abuse

No need wonder what is the new BLT rate lah....16 billion debt with 600-700 million interest a years, not possible to pay. Delisted and bankruptcy.

All depend on Gov now or UMNO
----------------------------------------------

agreedddddd u got a point.. wait July OPR likely to spike to 2.25 -2.5% hahahahahaha ... 25 -50 basis point ...surely interest rate will also follow through. Where to look for $.?????....bz on goodwill and other ppl mercy only disastrous.

How Healthy Is Bintai Kinden Corporation Berhad's Balance Sheet?
Zooming in on the latest balance sheet data, we can see that Bintai Kinden Corporation Berhad had liabilities of RM91.9m due within 12 months and liabilities of RM130.3m due beyond that. Offsetting this, it had RM5.33m in cash and RM133.9m in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by RM83.0m.

This is a mountain of leverage relative to its market capitalization of RM93.7m. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution.

Risk tagging along with debt.... what if super tanker debt..hugggeee debt..die man dieee

True too ...debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. This is SAPRNG saga.

Get hold of the previous BoD and CEO ..put them under failed fiduciary obligations. .no matter what they re fully responsible. Leading to this saga and heartache for investors.........

Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. They walks away in Hawai Honololu enjoying top less ladies ...

However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. Of course, debt can be an important tool in businesses, particularly capital heavy businesses.

3. when considering how much debt a business uses is to look at its cash and debt together. huge.. run away unstainable

.. Posted by paktua73 > 31 minutes ago | Report Abuse

iyaa..
10b is nothing laa..
angkasa head of coops have more then 500b fund..
plus with new fund collect by pnb..



tut tut
klse is table dish for politicians lord..
apa kisah...
hehe.
..............................................

ttrue paktua..wisdom oldman..... haahaaaaaaaaa

Posted by sailang_now > 51 minutes ago | Report Abuse

May need to wait longer as smart bilis not taking the bait & baby sharks' war chest not big enough to pump?
RISK ANALYSIS
Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years
.......................................................

agreed .......take donkey years ..unless if still alive...top gunners already honeymoon in hawaiiii
Volatility is far from synonymous with risk.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin

no body interested

forum no life

but again try change your touch n go to FRID..card ..see how SE tracking on

Be mindful ..... shadowed by holistic debt and equity restructuring which is highly dilutive it is inevitable for Sapura Energy to be out of the woods....takes time if still survive.

interesting strategy......

Posted by Mabel > 24 minutes ago | Report Abuse

Haha you won't get this dirt cheap price when my baby is out of PN17...

Meow Meow Meow..

---------------------------

small bb become big bb....then adult grown uppppppppppppp hahahaaa true if all goes well according to script.. good luck

go for swimming with the whales in tioman..ariossssss

good forum sailang..yess this is the kind of debate ..argument we needs. Decide trading buy sell own self.. its just opening up the other side of the wall.....ta sailang great

Posted by cicakman > 52 seconds ago | Report Abuse

Hl 0.01 cts ONE CENTS
Kenanga 0.005 HALF CENTS.
OKU Bank ZERO CENTS
------------------------------

agreedn cicakmAN VERY observant to facts and forecasted analysis..good of u bro

Kenanga Research opined
1.The group still carries an unsustainably high debt of about RM10.7 billion – all of which are classified as short-term borrowings in its balance sheet, with the group having recently written off 99 per cent its equity book value in financial year 2022 (FY22)

2. Sapura Energy was still finding access to credit facilities incredibly challenging given its dire financials.

3. continuing its restructuring efforts in order to remain afloat
a., renegotiation of its legacy contracts
b. nego with lenders over its debts,
c. implementation of a divestment plan.

4.On a more positive note, the group had recently managed a successful drawdown of a RM300 million working capital loan, securitised against the proceeds of disposal of its Sapura 3000 asset, which is expected to be completed in July.

5 Breathing space -expected to help ease its liquidity issues at least for the next couple of months

6. Kenanga Research maintained an "Underperform" call on the stock with unchanged target price of half a sen.

7.Post-results, the firm lowered its FY23 and FY24 loss assumption by 18 per cent and 22 per cent respectively, after adjusting for better E&C contributions. - this can be interpret SE mngmt itself admitted of anticipated loss FY23 and F24........ meaning the company is still on NON profiteering ......takes another2-3 years if all goes well...thats facts

mabel ..life is always beautiful for caring ppl hahahahaaaa....joyful less stress happpyyyyy as forever regardless hhaa