50 mil not factor in yet....

but strange provided for in june accounts ?

like they try to bring profit down

I might be wrong. full compensation could have been factored into the cost of sales

Entry at this level is a no brainer. I would be surprised if any analysts make a sell.Delayed but still have potential

So basically recovery of share price would be Jan 19. That's 4 months away if you are stuck. Meanwhile oil is envisioned to be 80 to 90 by year end.
Good luck. Buy at your own risk

The trickyness of OG companies is the unpredictable impairment.
I think the cost of sales is high because 50% of kracken compensation has been factor in. Circa 130 mil RM. Hence it could be clear skies after Q3. The 4th Q could be the best to come.
Fy19 looks promising if kracken is accepted before the year end

Only the management knows. Last news they were forerunner with final negotiations going on in June
In my opinion, after the a2 agreement is signed, the roadblock is cleared. Possibly Kraken acceptance can within 3 months.
Keep your fingers crossed

Niki, you can also short until 35 cents.
Doubt RI will happen without new project. Cash flow improved with 1.4 billion cash available.

If they managed to clinch Zaba Zaba after kraken full acceptance, it a plus growth catalyst. Then RI won't be an issue. By that time, the share would be 1.00

after 4 pm dude

negative goodwill, a form of impairment

without impairment, would it be a profit of 106 mil or loss.
analysts presentation seems to be different

that's your opinion....its still non cash impairment

he will be silly to sell at this level, yearly chart double bottom

you mean he will answer the email...haha

next Q onwards, 100 mil net profit

let kyy sell, it will rebound after this....

how much does kyy has?

well, kyy did not blog about it

kyy? why him?

kraken wants some compensation. that's why entry now is a bargain...

signs of collection,...2 rows of blockers

yeah..double cost of sales? maybe compensation is in it?

yep. RI now wont work. no bank will underwrite it

has compensation been paid? or PAYE

well then entry at this level, can only rebound....

now it becomes a trading stock...haha

risk reward ratio is pretty good at this price

or maybe it might happen in a month or two after this....

well, the management misled investors that kraken acceptances is round the corner

yes.shorties keeping the price down at 35. let see after 4 pm

surprisingly buy rate is 40%

after spooking the retailers the institutions will pick it up again

don't let irrational fears take over. its still non cash impairment

happen the same in 2016 but eventually rebounded

logically entry point now represents a cleaner slate to start with...

majority institution involved. selling Q each row less than 10 sellers

here comes the institution...57 is cheap

institutions buying

will buy some, shorties active

The Group posted a loss of RM543.5 million for YTD 2018 and a loss attributable to the Owners of the Company of RM537.1 million. The losses are mainly due to impairment of the Armada Kraken FPSO, net allowance for impairment losses, and higher finance costs due to the cessation of capitalisation of borrowing costs following the completion of certain FPSO vessels. Excluding the impairment charge of RM478.9 million and net allowance for impairment of RM165.2 million, the Group posted a profit of RM100.6 million for YTD 2018 and a profit attributable to the Owners of the Company of RM107.0 million.

basically its still non cash impairment, without it its 10 m net profit

bad news ...huge impairment

anyway any cheaper is a bonus

any net profit diluted by 16 billion. astounding !

April news

frankly, I don't see a reason to buy Sapura before the RI, its not profitable irregardless of the projects awarded unit at least mid 2019.
what is not there is not there

maybe you are shell shock from your investments in sapura

I think your fears are getting the better of you

get project equals better prospects, share price wont crash

if its for expansion, its a different sceanario, not debt repayment