Open 3.04, now 2.74 is fast rebound??

Someone dumped 1mm shares just right before 12:30pm... not sure what's the deal here yet

@gemfinder source?

@strattegist No volume because all 0.05 bid dried out.

@Nikmon Yes, I noticed that too. As soon as there were enough 0.05 takers on the bid side, they sold tens of millions in one or two transactions.

Anyone invests based on CIMB's target price? lol

Volume too low again today....

Yeah, no volune, disappointed.

Try my luck, see if I could get more at 0.04 today... ;-)

@smartly It is just a matter of risk vs reward (by the way, just 10k involves)...

@DickyMe If it drops to 0.02, modt likely I will load up another 500k shares (because I believe the company worth a lot more than it). Not asking anybody to follow though.

@Timmy Tan Just curious, what do you think SE is worth per share if it bk?

@ken2004 this....

Overdue payment: Is Sapura Energy facing dire cash flow impediment?
https://focusmalaysia.my/overdue-payment-is-sapura-energy-facing-dire-cash-flow-impediment/

Finally, got my 0.045 filled!

I am still waiting for my 0.045 to be filled. There is no reason we could not get my 0.045 (yes, I'm expecting at least 0.20 too) back if they bk.

l set a GTC order to buy at 0.045 before market opened today, couldn't get anything so far...

Someone dumped 60mil+ shares today, cleared up all the 0.05 buyers. Sold most at 0.05. I'll see if this continues tomorrow, maybe lucky enough to buy back at 0.045 or 0.04

Oil up, settles near 7-yr highs after Iraq-Turkey pipeline outage

https://www.reuters.com/business/energy/oil-rises-7-year-high-turkey-outage-adds-tight-supply-outlook-2022-01-19/

@DickyMe I see, sorry that was a typo, I meant to say 0.05, not 0.50. I was tracking the 'buy interest' at 0.05. Without company news, if the interest keep going up (my guess is around 120mil), it will help the stock to trade at the next level, which is 0.055 to 0.060.

@DickyMe It did broke 80mil about an hour ago. Now at 75.5mil, still acceptable.

Hopefully 0.50 buy interest could break 80mil today.

@ronsimmons Thanks, AA delivery service is not available in our area, so have no idea how good/bad they are. I use foodpanda everyday, no complains so far. ;-)

Anyway, my point was that Tony makes news frequently and he knows how to excite the market with new ideas/plans. Because of this, some people are still in the 'hold and wait' mode (not selling) even after PN17. People will find out the fact soon in their next few quarter reports.

In terms of short term trading, I think 0.56 looks like a great entry point.

@ronsimmons I agree, but I thonk AA is also a good investment at current price. Tony knew how to spin and people buy it:
https://www.theedgemarkets.com/article/fernandes-airasia-aiming-become-largest-food-delivery-ride-hailing-company-asia

Russia is major oil/gas provider in Europe. The US/Europe/Russia tention/war will only push the oil price higher.

If you look at the recent trading activity of SE, you'll see oil price doesn't move the stock much. That's because all eyes are on their cash flow problem. That's why their trading price is so low.

@KAQ4468 We are all here to make money. No use to hate, love, or trash a company. Share price is around 0.05. If the company bk, my estimation is we could get at least 0.20 from their assets. That's 300% profit. Based on the recent trading activities (buy interest increased tremendously), without news, I am expecting 0.06 as early as this week. That alone is already 20% profit. Some good news could further bring it to 0.08 to 0.10. What about negative news? Well, I really don't expect it till next quarter report. Unless you are long term shareholder from a much higher cost, I see no reason not to buy at this level.

Without any good or bad results, we could probably see rm0.06 this week.

Frankly, we don't really need the company to turnaround to profit from it. I feel the market has been anticipating good news (divestment, waiver from creditors, etc) and the SP is in uptrend (short term).

Youtube: Is SE going bk?
Interesting video...

https://youtu.be/GhENpcaJw3o

@Nikmon I see, thanks.

@Nikmon Not sure about that 10 mil payment to Shahril, butI believe Shahril only controls 1% of the company shares directly, and controlsabout 13% indirectly.

@Timmy Tam With due all respect, companies do buy brand names from bankrupt companies, especially some very famous brand names. That's the reason why they quoted billions for intangible assets. I must admit I am not familiar with the Malaysian market, but it U.S., it happens all the time (RadioShack, Tigerdirect, etc).

In case of bankruptcy, there is no rush to sell assets immediately. Most of the time, assets will be auctioned, not sell directly by the company. So, they don't go to find buyers, instead buyers will come to bid on them. Remember, once they declare bk, they could not touch the assets anymore. Reps from the creditors coordinate with the bk court will assign a commottee to turn assets into $$$.

Your last statement is correct. I won't be surprised if some deep pocket companies already looking into buying up Sapura Energy to bring it private.

@smartly No speculation here, just tried to make some sense out of it. Sapura Energy is different from other companies because their largest s40% shareholder is PNB. PNB invested billions of ringgit into it to make money. If PNB determines that this company could not be salvaged anymore, they will force the company to cease operation and sell the assets to recover their lost. When that happens, price per share doesn't matter anymore. Remember, PNB is the one who has final says to the future of the company, not the management. And, PNB is just a shareholder like us, making money is their ultimate goal.

@kyliew I like your analysis, that's why in my earlier post I said we could see instant share price of rm0.20 if they cease operation.

@Timmy Tan, I stand by my calculation. Believe or not, even intangible assets are sellable with great value and they could be auctioned by the crrditors. Cost to dispose assets should be minimal if you could sell them, if not give away free.

Rm0.05is never the 'fair value', it is just a value where the big whales decided to accumulate cheap shares.

If 30 cents was a buy, then 0.05 is SUPER BUY! ;-)

I'll be 'all in' if it ever gets to 0.01, lol!

Not sure PN17 will do anything to Sapura Energy.

AirAsia X, PN17 => rm0.065
AirAsia, PN17 => rm0.62

Both are higher than Sapura Energy at rm0.05 now.
Not too long ago, AirAsia X (after PN17) even hit rm0.10.

People buy because of its assets, not how it runs its business. Personally, I wish they could close door as soon as possible so that wr'll get more value out of our shares.

So just cut the non-stop bleeding and file for bk, just do us shareholders a favor! Let me make some $$$ here, lol.

Tried to get more at rm0.045 the whole day with no luck, will continue next Monday. The lower this gets to, the more I will load up. If it goes bk, I hit the jackpot, lol!!

@kyliew Yes, this is the way to go if PNB wants to get their investment $$$ back fast ....could make a small profit too. ;-)

Based on the GTC order of my trading platform, as of now, 68 traders ordered to buy 26.8 million shares at rm0.05 and 248 traders tried to sell 26.3m shares at rm0.55. When I divide total shares with number of traders, I see the average order from each buyer was around rm20k and rm6k for average seller. This implies traders with deeper pocket are pouring money into this stock.

I agree they run a lousy business. However, I still bought at rm0.05 because the price was fairly cheap...knowing how much assets they own. This had nothing to do with how they execute their business. In fact I hope they could cease operation as soon as possible! lol

IMO, if they announce they are looking into bk, share price will shoot up toat least rm0.20 in a few minutes... lol

Just did the calculation. If Sapura Energy files for bk today, after selling its assets and paying its debts, each share still worth rm0.428.To me, buying at rm0.05/share should be no brainer (...and praying for bk everyday, lol). Just my 0.02.

Got it, thanks JJFinn

Previous closed at 8.33, morning opened at 8.10. Why down 0.23 at open?