@mrharveythorne
I have some questions, if anyone cares to enlighten:
1) Who are the Entitled Shareholders? Are we entitled for that?
yes, all shareholder that have SAPNRG share before the Ex date will get a SAPNRG-OR to subscribe for Right Issue. you can choose to sell the OR on market or convert it to SAPNRG share.
2) Will the price rebound, in your opinion?
Due to its issue price is very very low, large rights qty, RCPS & warrants, it share price will automatically adjust to a very low price (need calculate).

lol .. u mean like SAPNRG case?

@mrharveythorne , is good to be calm. But for KWSP cannot make loss thinking must be wiped off from your brain. There is no such things as "KWSP cannot make loss in share market".

no matter how many shares issued, profit or loss. each year Shahril will still get his pay & remuneration :)

Business wise, Maxis new plan really a hit to TM on face. By losing its monopoly business, there is no more value for this company.

Share Market wise, big fund investor will not give TM such high valuation after fall out from FBMKLCI, and foreign fund will sure move money out from TM and invest in other FBMKLCI list company.

Run now or suffer from deep price fall later.

Happy Trading :)

Say BYE to KLSE Blue Chip ! Bye TM

Please bear in mind that if this company continue to drop ... IT WILL GET REMOVED FROM FBMKLCI !!!!!! Please go check how the share price performed from those counter that get removed from KLSE Blue Chip ~ hehe

cuti cuti Netherland package on sales! Lelong Lelong!

there are too many people know the result and try queuing to sell at 0.035. the 0.03 support is getting weaker and weaker

no hope ady. your last chance to exit is 0.03 before result annouced

gone case

@WarrenBuffalo, you are too optimistic. There is one BIG BIG impact in financial result will bring this company to the hell directly, no more chance to get out from PN17. There is no chance for this company to wait till Penang Transport Master Plan implement. Say Bye !

Now your situation is either loss minor or loss a lot, there is no chance to rebound already once result announced. I believe many of staff and related personnel already know the result too.

u will get much more lower price after result announced

our firm just have a peek to the result ... dissapointed .. haha better run

dont forget this is the result for crude oil when below USD70, this company margin largely depend on naphtha price, which very depend on crude oil price. Naphtha price keep increasing, while product price will not able to catch up so soon, expect coming 1 to 2 quarter result will still under expectation. Demand will decrease if product price stood at high level.

no show ady .. boring .. >.<

Short feature is available now, ppl like to short on bad result counter, like Unisem case.

Fund fight against fund now, retail investor buy popcorn and see show

The more you talk, the more u looks stupid. Seriously. LOL

"after last week every one curse Affin analyst is stupid, tomorrow the analyst will be a bursa legend when the 0.40 TP call come true."

Yes, that is true. Thats why 80% people (sheep) is poor and the 20% (wolf) is rich. Dont be the sheep.

No worry, thats just small part of EPF investment. Now EPF choose to cut those business that loss making rather than hold and loss more. Good decision from EPF, retail investor never understand.

After E&P listing proposal was shot down by market regulators, debt default might happens for this company. Risk for betting in this company is getting higher and higher now. Is better to sell and stay aside to reconsider.

like i said, the more u add, the more you loss. Fundamental and graph all is negative!

mean E&P listing get rejected by Bursa. Company worry bad news reflect to its share price, so use the word Tweak. With no choice, SAPNRG only can seek for other option to pass Bursa verification. Success or not? No body know. THIS IS UNCERTAINTY!

EPF know what to do when a company business in deep loss. Unlike retail investor, hug their share until 90% loss and hoping for a miracle rebound. In share market, 1st rule not to loss your capital, 2nd rule is not to forgot the 1st rule.

Why? A RM0.7 share drop 50% to RM0.35; but a RM0.35 share need up 100%only can back to RM0.7.

Cut loss is important in share market, especially when it drop below support! dont hope for tiny miracle but make sure your money is safe first!

when looking at retailer buy happily, then surely know this is a trap .. haha just like place the money on casino table and tell me u are not gambling

please prove me this is not the trap ~ LOL

taste it sozai!

low get lower, not advice to accumulate, bottom support already break. The more you get, the more loss u get :)

When the time company release result, no way to run anymore.

(lets see the coming result ... hehehe)

enjoy the trap ~ haha

our side ady get peek on the result. sincere advice ... leave before Q4 result release (while u can).

Hi SAPNRG, get ready to say BYE BYE to MSCI Malaysia ~ Because u are going to be removed from MSCI ~

SAPNRG investors ~say BYE BYE to your money ~ because once big fund run away, your invested money will like throw to deep sea my dear ~

beware beware ... sincere advice :)

RM0.285 is the last level for support, sell while u can and leave this conman counter. there are so many better stock in market for u to pick.

Hi robert168, can see that u really dont have CEO ability, may be u not even know that where the rm49.6 million revenue come from for the company you holding. Is ok, let me explain for you,

1. Revenue increased significantly to 49.6 million?
At least rm20 million revenue is brough foward from Q3 due to bad weather causing shipment delay. So how much revenue it produced? In fact only about rm29 million revenue at most (Lower than corresponding quarter! OMG!). and it spend rm26 million on interest (not yet deduct operating cost about rm40 million). Imagine u running a business like that, will u survive?

2. Company improving?
Nope, bpd no increase. Loss making. NTA decreasing, Cash Flow negative. Huge Debt. Low cash, High debt due on 2019. Oil price increase but loss deepened. High depreciation. High Employee compensation cost. High Distribution Cost. High taxes! No improvement

If u really hold Hibiscus you should know how high REACH operating cost compared to Hibiscus, impossible that u got no any idea how bad Reach management operating its business.

This proven that you are betting on Reach will be like Hibiscus although no any data showing that Reach is going to make profit.

For a gambler, only can wish him good luck for that.

Good Luck ~

Hi CEO robert168, please tell how a company with total useable current asset 50 million and negative cash flow can pay 269 million debt within one year where loss making all the quarter?

Because u macam CEO, macam very geng, can know company can turn profit or not. Like everything decision made by u and u know the details, so we only can ask u now ..

How how? please tell us how this company can TURN BLACK with such situation.

haha .. CEO can only happy at ktv one more year. Because 269 million debt will due on 2019 while company got only 27 million cash, 15 million trade receivable, and 8 million inventory to sell. What is next if not able to pay after due date? Nothing special, just like Perisai, THHeavy, and many other oil service counter. For those clever investor that still happy holding this counter please make sure u can subscribe company right issues. Final reminder, for your own good.

Compare Hibiscus to Reach is really humiliating Hibiscus ... Hibiscus financial report is totally transparent to investor; Reach? What is the average crude oil selling price in this quarter? What is the average bpd in this quarter? Why staff cost so high? Looks like they are hiding something from investor , so that they can keep twist the story ~ :D

hahaha .. really like to see how retailer trade a falling stock. Come on, catch the falling sword, you can do it! 1... 2 ... 3... catch! xD

This ceo already lost investors trust, more and more lie to cover previous lie.

year 2016 - First Special Meeting, Emir Oil acquisition failed due to most of the investors reject this proposal, then management said first meeting not count, should have second meeting. In second meeting, management get enough percentage to go through this acquisition to prevent delisted from KLSE and pay back money to shareholders.

year 2017 - Message from management:
"Emir-Oil definitely a worth acquisition!"
"We are sitting on gold mine!"
"Our production cost for 1 barrel of oil only 25 USD! " (actual result, loss making for oil price at USD 65)
"Our bopd will increase from 3000 to 4000-5000 by 2017 financial year end" (actual result, remain 3000 bopd)
"We will turn profit by year end, we have very geng methodology!" (actual result, no bpd improvement, still loss making)

then become
"We are new, we need time to hands over!"
"I already went Kazakhstanand work on it, no worry"
"Weather problem, bad weather"
"Oil price not high enough, bad oil price"
"Staff cost is high, bad staff, already fired 6% of them"

Year 2018 -
"We want increase bopd again!" (this time by exploring more well, thus depreciation for machine and tools increased so much)
"We will turn BLACK!" (How black?LOL)


Financial wise, this company experiencing difficult time with their Cash Flow. Extra money needed for CPF project, expect huge depreciation and fund needed for this project. Interest expenses will increase as well when CPF project started.

Management wise, this company management really like to give empty promise to investors, their promise is not trustable anymore.

To reach your destination, you need a good plane with good pilot. With poor plane condition and poor pilot, high chance for you to have accident before REACH your destination ~

without fund raising, this company surely die. Busy paying interest enough, no need do business ady. How much the interest need to pay to MIH? 10% per year. Ridiculous high. Bank refuse to loan to oil & gas company at this low oil price era, the only way to get money is from our lovely investors :)

target 25 cent coming .. xD

this company ady gone case .. lazy to read ady, no good news surprise except huge loss making.

Look at its report! This company is in serious problem especially on its CASH FLOW. The debt hole is getting deeper and deeper.

Shahul: We will be BLACK! hahaha ... can someone please buy me a popcorn for 2molo show?

Recently market punish bad result company heavily ... :o

My popcorn is ready for 2molo jump water show ~ haha >.<

sorry to tell that director buying is not an indication for big fund to dump in money. Look at FITTER, director and company share buy back for years, and look at their share price.. keep creating new low. Why no big volume selling today? because they are waiting support to increase and only can sell! if they direct throw now, they not going to have good selling price and worsen their loss. Like someone mention in previous comment, next quarter report will REALLY REALLY BAD for PRLEXUS, just wait and see.

DJI future ady -570 points now, expect another down wave is coming tonight.

support ady broken, run for your life

Dow future ady -600 points, expect another day of sell down tonight. Why not sell now and get in later at cheaper price? you want to hold loss making stock over Chinese New Year? pantang leh ... lol >.<

hahaha ... he suddently found that he is holding stick to fight with those enemy with cannon and machine gun, or may ady become first batch of canon ash ~ OMG xD