nothing of speciality......just a relief a bit lucky of the ringgit depreciation against USD otherwise gone case further....huggeeeeeeee problem still ahead full of uncertainty ..be mindful. made on own decisions. We share info..no neg or positive comments but just putting the facts to digest the reality...exchange views...decision own self yeeah

The Edge 27 Jun 2022......

KUALA LUMPUR (June 27): Financially troubled Sapura Energy Bhd returned to the black in the first quarter ended April 30, 2022 (1QFY23) with a net profit of RM91.93 million, on the back of foreign exchange gains arising from the appreciation of the US dollar against the ringgit.

In the preceding quarter, it had posted its biggest ever net loss of RM6.78 billion.

In the same period last year, Sapura Energy had posted a net loss of RM97.08 million.

In a Bursa Malaysia filing on Monday (June 27), the oil and gas service provider said its quarterly revenue, however, declined by 39.75% to RM886.08 million against RM1.47 billion in the year-ago corresponding period, due to lower project activities from its engineering and procurement (E&C) segment.

pump and dump .....escapees ....cosmetics push.......facts PN17 laden with debt hard to add additional burden stalemate ...relying on goodwill and mercy of others too heavy s 15,979 mil sharessssssss supertaankerrrrrrr too heavy too move ..added no resilience no monies to buy gas. hhahaa

bintai slowwwwww

JJ Chan enlightening was excellent .....thats the reasons hhaaaaa great man...

still in difficulties...

profit??? to repay back termed loan . already defaults with interest..be honest and factuals..but can push luck ..smart tag ambushed tactics ..hahaa m

shy off this erratic uncertainty debt laden ships..holes everywhere....still unsustainable..facts ..more sweetners and magic wands still on play

hahaaa fun

die mann diess

consolidation coming ???? OPR anticipated to move up 2.5%...... likely in the upcoming July BNM meeting spiked by 50 basis point (bps)..... Interest rate too follow in tandem. How funders to give haircut future loan in this trending environment

its either way..boon or bane .......win or loose.... but time frame of concerned.... likely too can lost everything tooo...hahahaha

do not be mislead......this is merely Q reports. Though Q report shows slight profit...but overall financial trouble PN17 still in deep shit for overall standing.

look carefully

Q1 FY2023 - PERFORMANCE
Summary of Q1 FY2023 financial results:
• Revenue of RM886 million
• EBITDA of RM250 million
• PATAMI of RM92 million

• New contract wins of RM2.5 billion, and RM0.2 billion new win by a joint venture company
Sapura Energy Berhad (“Sapura Energy”) and its group of companies (“Group”) announced positive
financial results in the first quarter of financial year 2023 (“Q1 FY2023”), posting Group profit after tax
and minority interests (“PATAMI”) of RM92 million, on the back of earnings before interest, taxes,
depreciation, and amortisation (“EBITDA”) of RM250 million and revenue of RM886 million.

Q4 FY2022 - PERFORMANCE
Sapura Energy improved its performance from the preceding quarter ("Q4 FY2022"), when it posted a
loss after tax and minority interests (“LATAMI”) of RM6.8 billion. In the same quarter, the Group
recorded an operating loss of RM1 billion on the back of RM427 million revenue

As comparison based on performance output ROI
- Even last Q4 FY2022 ended Mac 2022 LATAMI (RM 6.8 billon) exceeding mammoth quantum compare to Q1FY 2023 PATAMI of RM 92 mil.

like OutSpace and land..... the gap.... hahahaaha

Not convincing enough of the legacy blunder....still in zombie mode....

https://www.sapuraenergy.com/wp-content/uploads/2022/03/Q4-FY2022-Analyst-Briefing-Deck_FINAL-External.pdf

orrect Timmy Tan.. you very observant and meticulous

Q4 FY2022 Financial Results Briefing
Sapura Energy Berhad | 18 March 2022

Financials Business

▪ Group Results:
Revenue RM4.1 bn
EBITDA RM(2.3) bn
LATAMI RM(8.9) bn

▪ EBITDA:
E&C -----------------.O&M--------------------Drilling
RM(2.2) bn -------.RM(0.2) bn-------------RM0.3 bn

▪ JV and Associates shares of earnings RM84 mn
▪ Total Impairment RM5.6 bn
▪ Orderbook RM6.6 bn

LATAMI (Lost- after-Taxation- and Minority Interest Tax) - is so huge
Brazil region too far to hear any bad newsss hhahahahaa
emmmmmm

Posted by IronShirt > 1 minute ago | Report Abuse

Quarter Result on 30-Apr-2022[#1] QoQ - 101.39% YoY - 194.71%.

Profit 87mil
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hahahaa do not be over zealous...
Look at NTA current Q 0.01 cents sinking further from previous quantum of NTA 0.02 cent's

this reflects its ??????High NTA values indicate easy access to secure additional funding and reverse role if the value depleted..

Do not mix ups NTA which is widely used on social media with the meaning “Not The Axxhole.” hahahaha

political uncertainty...spiking. Temperament and irrational ways of behavioural affecting mkt confidence.... what do u expect then in Boleh Land.??? .hope after hope. .rich getting richer.... capitalist and oligarchs at its best....

better be on sideline waiting to spring on opportunities..be a opportunist rather then hopelass player...

As anticipated....what does this mean then and implications on SE??????

..27 Jun 22.. .KUALA LUMPUR: AmBank Research expects Bank Negara to increase the overnight policy rate (OPR) by 50 basis points (bps) at the upcoming meeting in July, bringing the OPR to 2.50%.

out of 16 rigs..only 7 is engaged... meaning 9 ..lifeless.. idlying. contribute to worst impairment..of course...but yet 9 idle rig too burning cash..howwww oilrig relaxing..need to be maintena

singor.... bad to poor utilisation of assets.. but irony..paying filthy fat to so called expert mngmt etc etc... something is not fit senseing ....bad ..rotten HR

worst financial mngmt and worst risk assessement team ..deadwood..thats why SE is suffering now

shaking fingers... due diligence

Bring them to answer for their sins and worst management practices... drag them to arbitary court..for failure in due dipigence

Does SE got breathing space..rite now on machine..only heartbeat.. gasping for air.. those previlious BOD too are the menaces failed in their fiduciary obligations to the company and invedtora.??

we re talking gov in power stability... .???

jjchan..ur argument sounds very interesting as trade off...emm but again..look here 31 july dateline...the memorandum of understanding between the government and Pakatan Harapan expires on July 31

HLIB Research elaborated that Saprng projected to have a wider FY23-24F net loss of RM717 million and RM706 million respectively to account for lower margins for its engineering and construction (E&C) business division. We also forecast Sapura Energy to eventually dip into negative book value due to the continuity of expected losses in FY23-24F.

Analysts forecasted that Sapura will not be able to turn around its operations in the near-to-medium term due to: (i) heightened cost overruns in its projects, (ii) liquidity issues from difficulties to obtain funding, and (iii) inability to win jobs due to its balance sheet distress,” HLIB Research elaborated.

so howwwwwww????????

SE critically needs further injection on loan $ to furnish/service existing debt....... bz wise into monsoon drain....bfast..lunch dinner how......burning cash how many more months can SE sustained on life machine. Wait 30 Jun 22 ...funders/creditors / 9 bankers/3000 vendors presented to court their demands.. their outstanding monies.. payment time termed loan..where to grab.....no more holes to dig ....too many existing holes need to be filled too ........ die man dieeeeeeeee

market seems erratic. With political turmoil stirring up....just incite and induced erratic vibration of confidence level ..hayaaaaaa......no power

hahaha morning... what sis mabel views got substance too.. a trader and an investor have different obj and of course different game plan....... but all aim at profiteering or gain....this is the most difficult parts...those whom be able to read the flow and ride with the wave inside out shall win.....ahahahaa

no more monies for SE..bye bye...

..25 jun 2022... better give subsidy to rakyat then bailing out SE....KUALA LUMPUR: The projected consumption subsidy expenditure of RM77.3 billion so far for 2022 is the highest subsidy in history ever borne by any government, said the Finance Ministry.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the projected consumption subsidies covered petrol, diesel, liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity to reduce the people's cost of living, and subsidy bills (RM9.7 billion), excluding welfare assistance from 2018 to 2022.

EV ease of use ......pollution free but less robust for town use..city use shopping maybe..but for offroad..ayaaaaaaa too much pampering spoil the fun

looking for lobster hahhahahaa

Seeping coconut lazily on the beach of Tioman..let me recapped a little of political turmoil but hve a significant impact on SAPRNG too indirectly... Let me story telling ....

Early this month, Selangor Umno sacked Isham Jalil, a forty-something who had stood by Najib and other troubled party leaders.

The court cluster group which controls Umno responded in kind, removing veteran leader and Ismail supporter Tajuddin Abdul Rahman from the Supreme Council over his criticism of the party’s move to speed up the general election.

Days later, in another show of force against Ismail, the Umno central leadership promoted Isham as Tajuddin’s replacement in the Supreme Council, further closing the doors to any criticism against the court cluster.

what a chronological development?

For now, Ismail appears prepared for a head-on collision with those pressuring him to call for polls, a move that would be as good as ending the premiership for which he had never lobbied.

He may have branded himself as a kampung politician, but his recent steps show that he has quickly learnt the art of engaging with fellow party leaders bent on removing him from power

JUST TO REMINISCE this is also why he is aware that the endorsement by Umno leaders to reappoint him as prime minister after the next polls means nothing. As a veteran he is familiar with trickery in store.

Ismail’s absence from the Supreme Council meeting few days back appears to be one indication that the battle lines are slowly being drawn.

Instead, he chose to be in the company of world leaders at an online dialogue in Kuala Lumpur involving BRICS, the economic grouping made up of Brazil, Russia, India, China and South Africa.

That is basically telling Umno leaders that they are not the government, and will never call the shots.

He is effectively telling them, ‘I have more important official duties than your party politics. hahahaaa

UMNO factors ,Najib factors and PRU imperatives as bullets are still of questions regards of rescuing the ailing mammoth debt laden SAPRNG. Still open ended..... Do not hope too much.. can hope but do not be too obsessed and stressful your heart beat. Even touch and go can be suicidal unless ur love for adventures into unchartered TERRITORIES is above all ...

trade with knowledge and mindful.........your decisions.

see u guys on Monday...resuscitation in Tioman b for a breather.... Hope for a sunny day Monday ..no rain hopefully

Look at the AGM SE last week...?
When an organisation arranges for a general meeting, you would think that they would focus on ways to improve their operations and the livelihoods of their staff, right or even the interest of investors and bilis???

Look at the , agenda of the Annual General Meeting (AGM) majority of the topics discussed were for the increment of director fees and their Chairman and non-executive directors,..hahahahaa

What is this? Aren’t they ashamed, ? where are agenda that would improved and of much beneficial to investors ????????
What do the investors or shareholders people get? Rich are getting richer; others are getting poorer,...trying to brain out of it........

One of the things very obvious in SE is key performance indicators. Financial performance which is s a key factor and one of the most apparent yardsticks of company health performance is being badly neglected .

In such instances, for eg....payment to BODs expectations of remuneration by rite should be rise in tandem with the expectations and responsibilities – and this will need to be justified by the remuneration committee and the board ultimately,... but the opposite happened.... company sinking yet BODs handsomely paid and fattier it becomes.

all this leading to the .......least best practices perceived by the company investors and bilis. Where are the due diligence and fiduciary obligations of the top gunners.... Company suffered.. and directly shouldered too by the investors and bilis.......yet asking others for bail out ..CANNOT BRAIN the rational except anger and ........

M & A is the best option and let the market forces decide SE value and fate without abuse of public funds...at this time of recession and hard economics.....why the public need to shoulder all this bull and shit ....yet previous BODs and cronies filthy fatty and nothing happened... where are their fiduciary obligations. to the company and investors and bilis.

weekend..hepii holiday..break off fm tussle and stress go to Tioman..scuba diving .....haha

Posted by PunTatBerSiul > 2 hours ago | Report Abuse

Buy electric car, no need to worry about fuel. Change lifestyle, majority of problems will be solved.

..............................
yes and No......
NO what if batty cost u more than usual ..as in the Elon Musk car Tesla..... running on battery... even Mig Jet fighter batteries cost tens of thousands a piece..what do u expect????

Posted by Mabel > 13 hours ago | Report Abuse

Yes Lah cashflow...

Just wait for the breakout :)

All these counters are only for season Investors..

In the previous rally in ICON Offshore one Investors rewarded himself with an SLK when ICON Rocket LU...
....................................

MABEL at times ur got a very valid point..strategies' on situation............ the insight ..outer sight of the game...emmm

next week choppy water. Political scenario not that encouraging...... back to turmoil....pru sentiment and gov stability shaky....mkt expected lifeless.... politicians never remorse .....same old dicks attitude very damaging to market too.......

52 weeks trend highest 0.14 cent lowest 0.03 cents NTA 0.02..for the past 5 years loss trending.....analyst expectation still in the loss for next 3 years meaning to 2025......die stuck to the floor

Posted by MZM2511 > 36 minutes ago | Report Abuse

Kalau macam ni, mana boleh wujud lagi keyakinan kepada sesuatu kaunter. Naik satu bit orang akan terus jual. Tunggu turun untuk beli balik. Last-last sepanjang masa kaunter itu akan dalam down lah. Apa nak buat.
..............................................
mzm2511 u got a very valid argument....it applies to SAPNRG yess true.. whats u seeing and observed.


The price of oil is driving all markets and the economy at the moment, and if oil prices go down, everything will get better...but for O & G companies the other way round higher oil price better revenue rite.

It is likely that sentiment was getting a bit too hot in the energy markets....at current

again The question now is where does oil go from here?

what is standard accepted equilibrium oil prices opted by researchers as benchmark.??? an equilibrium level pivot standard is of US$80 a barrel, but will or does it rocket to US$200, like the macro doom crowd thinks?all oof us thinking.......especially regards to SAPRNG bz niche that we re all concerned of.

To be sure, the oil market is prone to wide swings....and .........very dynamic

Posted by Understand > 4 minutes ago | Report Abuse

Ahya do your own research. Don't aspect others to feed you with all the info by shouting only.
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do u undertsand what this means.. contracts accepted on ''onerous terms'' and operational issues..
go back to school then...these are the words from new CEO .....try to meticulously digest what its means here..then u understand better.hhahahaaa

lets be honest ...awarding contract is just part bz game to portray company images? effort to convinced lure funders for pumping in $..just part of manipulative bz moves players are all aware off ....mindful termination of contracts too have significant $ in it....if breach of contract later...? all big players big monies. .risk too is huge....... company financial crisis problematic in hand now yet still unresolved ...yet talking big...ayaaaaaaa........

Posted by Understand > 25 minutes ago | Report Abuse

Ahya they must have already the fund. The contract received is rm2.7bill. Common sense says no body can be dumb enough to award such contract without already accessing the company financial status.

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somebody dumb for sure.....why? debt laden...yet now u talking about getting new contract? capital where from? hoping for mercy.....even now funders are chasing default payment ....

even legacy contract in hands are non profitable? cannot brain and irrational ways of doing bz... Big appetite but no strength and ...deliverability is questionable howw??/

the only things likely to sell back awarded contract to others E & P and get commissions hahahah...