at the current situation, what is the best possible outcome for us as investors? Takeover? Privatization???

been making some duit kopi here....seems they have weathered the storm....even the charts look good

thx mrcb....for the duit kopi for the day... :)

TP?? haha...in current sentiments all TP can fly kite....

best TP i follow now is KLCI going to 1600...

:)

yalah nicholas....i aldy in less aggressive mode....just waiting for the storm to pass over...

hai lahh....wish i was as cash rich as ttstay and some of you...

for me every month have to budget kaw2 for investment, savings (for my kids uni in few years time) and commitment....

T.T

Managed to get some small duit kopi...thx

http://www.theedgemarkets.com/article/shahril-decides-pump-rm100m-more-sapura-energys-cash-call


Shahril decides to pump in RM100m more for Sapura Energy's cash call

demm...now i see their game...

pity the retailers....

no wonder they push the price down....

personally I am monitoring the stock...I believe there will be a slight rebound later...esp when ppls start to speculate the compensation (whatever the amount)..

But now..I still see some large dumping...so there are still some hands waiting to let go...

Daily8..

Again take it with a pinch of salt...it was an initial figure....lots of up and coming protracted negotiations...i am sure presbhd will fight it out to get the best deal...

Who knows...presbhd can squeeze from govt to cover their costs

But for us as investors...these are the cards laid on the table...just tread carefully

http://www.theedgemarkets.com/article/iea-sees-global-oil-supply-tightening-more-quickly-2019


IEA sees global oil supply tightening more quickly in 2019

Daily8...

No...i speak from the party that was invited some time back to take over the project...

As i mentioned before....the preliminary figure put to us was 50 mil...mentioned in month sept..

So the final costing if they engage a new vendor must be less (inclusive of compensation) than a certain amount they aldy budgeted for...

Nothing cast in stone yet though

When we were approached for discussion...they aldy have a compensation range firmly in mind and its no way near those figures being talked about...

anyway...who can know all these thing now...just hope for the best

wow..u guys are really optimistic....

i really hope you guys are right...I did not have those kind of signals when we were dealing with them..

http://www.theedgemarkets.com/article/myeg-says-it-has-no-idea-why-its-share-price-fell

MyEG says it has no idea why its share price fell

http://www.theedgemarkets.com/article/oil-rises-us61-libyan-supply-cut-us-inventories


Oil rises to US$61 on Libyan supply cut, US inventories

Bout this compensation ...be careful guys...

previously the tone from the govt was super aggressive...meaning they not keen to pay high and only want to concede some loss if its to the govt benefits...

maybe they have uncovered some leverages (or dirts)....to be able to adopt such bullying stance ??? Dunno...its mere speculation

The Edge Markets

Flash: Prestariang confirms SKIN termination, says it's entitled to compensation

The best thing we can hope for is to wait for more news...

maybe (just maybe) presbhd will be retained, at a much lower value...

then we can pick up the counter at rock bottom price...and make some profits...

but it is not really looking good....very very slim chance..

with the market sentiments, just sit at the side and wait...and see how it goes

However, I still think this company wont die that easily....they should be able to survive....but whatever leverages or 'benefits' they enjoyed previously...it wont be there anymore..

But they have a solid track record, to be able to compete (i guess fairly now)...

Some of you mentioned htpadu....ahhh that one another giant for slaughter...if they make one wrong move....

Not sure Frank....one thing about our PH govt....they tend to make U-turns...and change directions easily.

I dun even know whether they will re-tender out or shelf the plan....or even this may be a really nasty strong arm tactics to force presbhd to accept at a lower sum of less than 50% of original contracts...

But what I do know is that, the govt aldy seriously offered to other companies whether they are keen and interested to take up and whether its feasible and requested timeline and pricing etc

But I have to say...months ago when I told you guys to stay clear..

all the major shareholders have dumped this counter....it was aldy a very clear sign that all was not going well...

and I remember lots of u ignored my warning....

to me that was aldy a very clear RED FLAG aldy...

There is still very very slim hope to somehow salvage this...that they can persuade and convince how many LOCAL jobs will be jeopardised (like how KUB sweet talked the govt long time back)..

But there are 2 key factors

1. How many locals (and not from India or China etc) staffs did they employ?

2. How low can they go....the point of contention is that they quoted 1.6 bil for a certain scope of work...but it was evaluated to be 600mil max by an external independent consultant....can they work with this figure after all the investment and loans???

@Frank...

Thats the preliminary figure that was quoted and discussed few months ago when they re-evaluated and called us to discuss whether to retender the project...and go over the scope

though that figure was mentioned months ago in September/October...so I dun think thats will be the final figure

The preliminary talks (couple of months ago) was around a figure of rm50 mil....

at the rate its going...i aldy pares some of my loss (sold 50%) to cash and holding mostly some other warrants...

KLCI is going 1600 folks...and we need to have the cash to pick up the pieces later....

*TBC tomoro

rilek lerr....Msian Mr Donald Trump....everybody is having near heart attacks...

TC tomoro...

htpadu turn will come.....the amount of shenanigans going in that comp can make u go coma for life...

they are lucky cos they did not secure any recent high profile contracts

commonsense...yeap...

dats why I have been consistently saying to stay far far away from this counter for the last few months....

it was mostly ignored...I am happy some of my whatsapp groups heed my warning....

they still have some minor projects ...last clinched contract ..if not mistaken ...selling Microsoft licenses to agencies

But the price last few weeks aldy reflected the pessimism...

Now the question for those who wants to catch the falling knife...

They applied a huge loan under the subsidiary...so what is going to happen no

There were aldy few hundred layoffs in oct..and some of them re applied to enter back to my working place...

Quite pity....they jumped there becos of the SKIN...now many of them in limbo

Tadaaaaaaa!!!

SKIN was most likely gonna be taken away from them..

The bulk of the discussion was 2 parts

1. Compensation
2. Whether to appoint another vendor at much reduced price

The problem was prestariang overquoted by miles away from the reasonable price and it was found out during re-evaluation

Yeap...no more foreign funds to prep up the prices....

Now its all local operators and they are relatively limited...

Too many discounts now...

still debating...

Looks like a cut of 1mil bpd....still with Russia not in the pic yet

in Msian context...we need a stable price of 70 to bolster our economy...

US 'not in a position to tell (OPEC) what to do': Saudi Arabia

Brent begin to rise after 4% dip...

[Following twitter on 'OPEC']

armada...now that is a walking example of a holland counter...

made some money...and got out asap

kamonnnn!!!!!!!!!

https://klse.i3investor.com/blogs/muze/184999.jsp

Oil counters with the respective cash assets and debts..

from the report...can still see having a nice healthy cash flow though....maybe will need some time to be built up...

on a small consolation, I am glad I dun put all in single basket...

we just have to be calm, ride the rough wave and plan our next moves...

personally, I am going to cut loss roughly half of my investment here and seek other avenues...its all depends on next week...if its still encouraging...dun mind staying put

you win some, you lose some.....as long the end game is a nett profit

Guess have to stay a while here...at least managed to make $$$ somewhere else

Ohhh...bomer...

ok..last accumulation...ave now 0.37..

this is it! Time for reach to prove itself from our loyalty... :D

my remaining bullets is meant for day trade...hit n run...(made some $$ at armada)

hear hear....huat!