Oil drop...this counter will get a beating until Christmas already. Merry Christmas guys

I hope it lingers at 1.5x so I can pump in more end of this month

last time ppl say will buy when hit 1.20. Now ppl say will buy when hit 1.1. Next they will say buy when hit RM1.

So, its 0.80 - RM1 a reality or ppl still call this price bullshit? The result not even out yet.

I still have bullets for one more volley.

ok, so its a trap again. haha...
Suddenly this thread is very quiet. previously very heboh...that means big shark wins...all cut loss and cabut d. haiz...... pity us, the small fish

paktua, u ah, why compete with me?
I manage to eat 63 lots at 1.56. 13 lots, then 50 lots, then it shoot up to 1.58
I still go a few more lots to eat. My queue is first at 1.56

Oil price drop

Chill... it's 3 cents
But everyday 3 cents also a lot

will drop to 1.2?

Haha....up 3 cents today...tomorrow up 3 cents, then up 2 cents, slowly by the time we realize, its already RM1.45 and we missed the boat?
Or its a trap again

hehe, paktua, u jump away from Sapura to here?

1.58, sell or buy?

suddenly so quiet here. guess most ppl had cut loss and run away?

Pmaster, u cutting loss? tomorrow cut loss?
I went into mmsv last 2 weeks after quit sapura. But might in sapura again

Pmaster... what's ur average price?
Spider...huaan looks like opportunity though

Pmaster..u still holding?

I'm chilling... waiting the report .. mangekyou saringan

Opec extend cut. Include 2 more country. Oil price did not shoot up. Its priced in. Brace for impact

Spider...u make the right move in hengyuan
Btw... r u following sino huaan?

Spider... sapura all these while is not as sensitive to oil as upstream companies or refineries like petron or hengyuan. Sapura is very diversified. So... main thing is contract win... revenue. O&G is always about contract. That's y u see umwog is more stable when oil up. Rigs

I'm very interested to see their quarterly report

1.1 reasonable bo

Yup, see Sapura and tenaga last volume !!! I already sense UBS report is bullshit...remember what happen to airasia

conmen !!!! the UBS report is con !!!
see tenaga and Sapura closing price...
1.26/1.27 is a con price

really just wait for quarterly results to be out. BTW, tomorrow bursa on or off

We are now in uncharted territory. See who have balls of steel here.
Spider, u holding any warrants nnow?

Tut tut sold at 1.25 & 1.26?
I think many cut lost at this point. The rebound is not convincing enough
Bear in mind we still got quarterly result coming in next week.

Wow.. spider can sell at 0.04? Hard to do such trade. I'm keeping away until I'm confident again

The bad thing is its always closing at its low price...and had been doing so for the past weeks. crazy. Q3 results really going to be that bad?

It's all time low. Remember i share about its net profit. Last year it's at 100 mil ++ quarter net profit. Now is at double digit only for q1 and q2. It's a significant drop n its stable. Means it's going to be this way for a year or more. Sapura one quarter revenue is 2bil previously. So....
For me.. i think 1.0 - 1.1
But this is never expected. Just wow when i see 1.24 today. I cut loss at 1.3x

Its good to keep it low. Allow me to accumulate

Wah spider..i remember i sold c50 to u at 0.045. Now u collect 0.035 again? How much wor. Careful ya

Never expect to see such level. 2018 will be challenging cos most market will go into correction. Q4 result will be bad. Prepares for 1.1x
Like i mention.. if use PE N NTA.. can range from 0.85 to 1.1

Mmsv pe is only 15 with only 3 quarters report...

Tut tut really crazy. Haha...

Oil n gas most likely played for next year after GE

for alam maritime case, how the hell a company can worth only 20% of its NTA? it shows that for loss making company, don't even think of buying.

For profitable company, PE is always the best measurement. followed by NTA as a rear guard.

And today, officially touch all time low in Sapura history. RM1.28

you will see some research house no longer use price/book value for UMWOG cos its not relevant anymore. they using discounted cash flow. that is how thye derive 0.33

but bear in mind counters like Alam Maritim. Now RM0.17, NTA = 0.8, a whooping 80% discounted from its book value !!

So, what is the best valuation to use?

For profit companies like Sapura, its best to use all 3, discounted cash flow, Price/book and PE.
If we really use all these 3, then the value is close to RM1.1

But najib anytime come in goreng with his Beijing counterpart. Rm2 in no time

1.34 is pretty low. now 1.29, not a big loss.
really depending on whether Sapura can replenish its book order.
Lets do simple calculation. PE now for Sapura is 38, Price/Book = 59% @ RM1.29
Lets assume PE normalize to 25, Price = RM0.85. which is Price/Book = 39% (60% discounted value).=> Almost similar to UMW OG
LEts assume Price/Book = 50% discounted = RM1.09

Therefore, a very very bad scenario will see 0.85 - 1.09 share price.
Now is 1.29. Judge for yourself if this is reasonable.

And they plan to be listed by Q1 2018

Pmaster.. wats ur average holding price

1.29 is all time low. Not only 5 years low. This is the last known support. That is why its holding up at 1.29-1.32. This is the last support range. If it rebound to 1.35, then we have second layer support. If not, this is the last known support.
If investors are not pleased with the quarterly result, it will go to uncharted territory. Let it free fall a while then buy in big time

For now, 1.30 is strong support. but need to wait its quarterly results

Lolita, u cannot calculate like that. U need to measure price/book value for O&G companies. NTA 2.18, but O&G easily 40-50% discount of NTA. UMW OG NTA is 0.90 and its trading at 0.3 (60%++ discounted from its NTA)

I see one trend. Although oil price up, quarterly results better (armada & UMW OG), contract wins from PETRONAS (Carimin, deluem, Petra, etc). What is the trend we see? Its obvious, all these does not push the price up, instead, they stagnant or went down. Something is not right with O&G counters right now. One last hope for O&G this year is OPEC meeting on 30th Nov.

can buy mother share but not warrant cos if it continue to stay like this for next few months, warrant kaput first.

Now is just to wait for fund to come into O&G counters to play again. I think not likely this year. will be next year already. I predict after election.

nonetheless, I think the worst is over, just need to wait for

Went in this week at 1.72. Surprised when it drop to 1.69 at closing.
PE below 20 is hard to find for tech stock now except MPI

http://www.theedgemarkets.com/article/oil-industry-should-be-ready-backlash-following-depleted-investment-exploration-mubadala-ceo

C54, who buy 1 lot to push up the price to 0,075? spidey?

Can someone interpret this subsea7 thing? the recognize loss is for Sapura or subsea? I try to read several article and it seems to say Sapura will recognize the loss in third quarter

http://www.theedgemarkets.com/article/sapura-energy-aborts-jv-subsea-7-0

"As a result of the discontinuation of the JV and the sale of Sapura 3000, Subsea 7 expects to receive approximately US$100 million (RM422 million) in cash dividends, and recognise a loss of approximately US$10 million in the third quarter,” it said."

I am not worry if holding mother share at 1.32, The problem is I am betting on warrants and I cut loss early this week. heavy loss.
This kind of situation will kill off warrant. That is lingers at the bottom for too long, the warrants start to deplete in value due to time, and by that time it rebound to 1.5, the warrant is worthless cos the strike price is 1.5 or 1.6. If it rebound now to 1.5, definitely making money on warrants but they wont do that. they lingers at 1.3-1.4 for months.

Furthermore, the Bollinger band just widen again and the bottom Bollinger band is about 1.26. If they don't get out of this price range, I am afraid it might go south.