STRAITS ENERGY RESOURCES BERHAD

KLSE (MYR): STRAITS (0080)

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Last Price

0.125

Today's Change

-0.005 (3.85%)

Day's Change

0.125 - 0.13

Trading Volume

421,200


7 people like this.

4,183 comment(s). Last comment by Daily88 3 days ago

awesome20

1,184 posts

Posted by awesome20 > 2022-03-13 15:34 | Report Abuse

when ppl afraid you should do the opposite

Posted by happyking95 > 2022-03-15 17:08 | Report Abuse

see, down again. Luckily sold mother at 0.15, son at 0.05.

Zezima

62 posts

Posted by Zezima > 2022-04-03 23:46 | Report Abuse

https://www.theedgemarkets.com/article/sapura-energy-slapped-two-more-windingup-petitions

Sapura Energy is owing TMD (Straits's Subsidiary) some amount of money...

The_JQuestion

1,581 posts

Posted by The_JQuestion > 2022-04-04 01:00 | Report Abuse

the downtrend for more than a year might as well go below 10 sens

awesome20

1,184 posts

Posted by awesome20 > 2022-04-05 19:34 | Report Abuse

keep monitoring

pineapple123

2,472 posts

Posted by pineapple123 > 2022-04-07 18:51 | Report Abuse


0080 STRAITS STRAITS ENERGY RESOURCES BERHAD
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)

SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)STRAITS ENERGY RESOURCES BERHAD (FORMERLY KNOWN AS STRAITS INTER LOGISTICSBERHAD) ("STRAITS" OR THE "COMPANY")PROPOSED CONSOLIDATION OF EVERY 2 EXISTINGORDINARY SHARES IN STRAITS ("STRAITS SHARE(S)" OR "SHARE(S)") INTO 1 STRAITSSHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com

awesome20

1,184 posts

Posted by awesome20 > 2022-04-07 19:29 | Report Abuse

looks like a good strategy by the company to make money before warrant expiry

Jayson4896

157 posts

Posted by Jayson4896 > 2022-04-07 20:57 | Report Abuse

Are you sure is good strategy?

Please don't miss leading people lah, share consolidation normally is negative impact for the share.

Please refer VC, Icon, kanger, mtouche.. all are going to hell!!

M55555

1,021 posts

Posted by M55555 > 2022-04-07 21:48 | Report Abuse

Those you mentioned above who got into negative impact of of NOSH of Billions and like 10 to 1 and so... and many of them are lost making company and don't even know what they really want to do. MOUs after MOUs. Straits less than 1 million and only 2 to 1 , and a profit making company. Hard to compare. Nobody know the what the result and the actions of those large holders.

M55555

1,021 posts

Posted by M55555 > 2022-04-07 21:58 | Report Abuse

May be they need to make the stock price stay above certain level for some reason like above 0.50 ..

M55555

1,021 posts

Posted by M55555 > 2022-04-08 10:49 | Report Abuse

Few top holders held over 40% of the stocks or more. Only ikan bilis swimming aimless ly left and right following the current. It only take one big wave to send all helter skelter

pineapple123

2,472 posts

Posted by pineapple123 > 2022-04-08 17:09 | Report Abuse

BUY AND KEEP. SHARE CONSOLIDATE 2 TO 1 IS because the share spread is wide. This consolidation is not those penny stock kind of consolidation.

mni75

114 posts

Posted by mni75 > 2022-04-09 05:58 | Report Abuse

PP up to 20% daripada jumlah saham terbitan Straits (tidak termasuk saham perbendaharaan) kepada pelabur pihak ketiga- Tranche Pertama- 91,340,000 Saham Straits baharu yang diterbitkan tranche pertama Cadangan Penempatan Persendirian telah disenaraikan. berkuat kuasa dari 9.00 pagi pada 18 Februari 2022 @ Lembaga Pengarah pada 7 Februari 2022 telah memutuskan untuk menetapkan harga terbitan bagi tranche pertama PP pada RM0.151 setiap Saham . Harga terbitan RM0.151 setiap Saham Placement mewakili diskaun kira-kira 9.53% kepada VWAP 5 hari sehingga 4 Februari 2022, iaitu hari terakhir dagangan sebaik sebelum tarikh penetapan harga, sebanyak RM0.1669 setiap Saham.

PP pun belum selesai, sudah diumumkan share consolidation? Apa jadi dengan pengumuman PP sebelum2 ini untuk dapatkan PP 20% dari saham Straits sedia ada atau 182juta unit saham? Apakah akan ada price fixing sebelum consolidate atau selepas consolidate?

Seperti yang dilaporkan sebelum ini bahawa urus niaga dijangka selesai pada suku pertama 2022. Selesai atau tidak? Bagaimana pula dengan PP? Sekarang Tranche Pertama dah selesai, Tranche Kedua bila ke macamana? ??.
atau Tranche ke 2 tunggu untuk bayar waran sekiranya ada pemegang warran menukar kepada mothershare?

pineapple123

2,472 posts

Posted by pineapple123 > 2022-04-10 02:45 | Report Abuse

in 2 months from the date of announcement

Zezima

62 posts

Posted by Zezima > 2022-04-10 17:36 | Report Abuse

On 15 December 2021, an announcement made that Bursa had approved shares lisiting up to 186,811,479 for Straits (when it says "up to" its not necessarily have to be that amount..its maximum scenario)
They did first tranche PP for 91,340,000 shares and now they going for share consolidation.
If they really wanna go for total 20% PP (186,81,479 new shares) as proposed earlier..they would consider that in their share cosolidation announcement under maximum scenario (total shares + all warrants converted)..however they only stated existing Straits shares only -882mil (after PP first trance completed)+ all warrants converted for the maximum scenario..
If they do PP after share consolidation..the amount of new shares will be different that announced earlier as the total shares have been reduced..so that wont make any sense..
My opinion is that they prefer the remaining fund raising via warrant conversion.
I believe big announcement coming soon as they seem confident that share price will fly after consolidation..maybe acquired big contract? or STS completed? or GEM listing approved? who knows..my 2 cents

blistering

138 posts

Posted by blistering > 2022-04-10 22:05 | Report Abuse

2 to 1 Conso easier for massive pump ahead as PP has been overdilluted...wait for the big wave before conso...i believe any moment next week starting 11-15 apr!!!... i go massive last friday with nearly 1mil units, TP is 0.170 - 0.185

mni75

114 posts

Posted by mni75 > 2022-04-11 01:11 | Report Abuse

with 882,188,895 shares outstanding and 143,208,500 warrants in circulation as of the 25th of last month. The company expects the consolidation of the stock to be completed in the third quarter of this year as reported by Nanyang Thu, Apr 07, 2022 07:26pm .So not in 2 months...it is logic bexause Warrant will expire in August 22...

Zezima

62 posts

Posted by Zezima > 2022-04-11 08:35 | Report Abuse

It is logical if consolidation happens before warrant expire as they already consider the scenario in their full annoucement.
Anyhow, we shall see..

Zezima

62 posts

Posted by Zezima > 2022-04-11 15:23 | Report Abuse

Well..the share consolidation proposal is subjected to shareholder's approval..which is likely to be tabled for voting in the upcoming AGM..so @mni75 is probably right (as reported by Nanyang)

Zezima

62 posts

Posted by Zezima > 2022-04-12 09:26 | Report Abuse


https://www.freemalaysiatoday.com/category/highlight/2022/04/11/japan-eyes-malaysian-gas-in-face-of-russian-cutoff/

Labuan's waters seems to be the most strategic locations to carry out the business..Straits may be one of the key players in this deal (as they are the port operator and doing STS activity within the area)

pineapple123

2,472 posts

Posted by pineapple123 > 2022-04-22 18:07 | Report Abuse

wah, straits give dividend. when was the last time they give dividend? haha

Zezima

62 posts

Posted by Zezima > 2022-04-22 18:25 | Report Abuse

this is their first time giving dividend

M55555

1,021 posts

Posted by M55555 > 2022-04-22 19:00 | Report Abuse

Hari ini dalam sejarah. There is always a good start .

Zezima

62 posts

Posted by Zezima > 2022-04-25 10:24 | Report Abuse

Judging by their ability to give dividend soon..im expecting for an improved earnings to be reported on upcoming QR

The_JQuestion

1,581 posts

Posted by The_JQuestion > 2022-04-26 10:16 | Report Abuse

moving like a pn17 company... rugi ka?

Zezima

62 posts

Posted by Zezima > 2022-04-26 15:50 | Report Abuse

@The_JQuestion the share price is based on investor interest..the company doesnt have control of it..soon..when ppl realise how good this company is..that time too late to collect at cheap price..

Raccoon

37 posts

Posted by Raccoon > 2022-04-30 23:55 | Report Abuse

Avarga cash out dan untung beberapa juta dalam satu tahun. Easy money for them.

Raccoon

37 posts

Posted by Raccoon > 2022-05-02 12:13 | Report Abuse

Gen2. Kalau saya tak salah. Avarga dapat at 0.17 and rata rata they jual at 0.20. 15% return in less than satu tahun. Whoa..........

Jayson4896

157 posts

Posted by Jayson4896 > 2022-05-09 13:02 | Report Abuse

30big share holder from 2017 hold 70%++ until latest 50%++

awesome20

1,184 posts

Posted by awesome20 > 2022-05-10 19:53 | Report Abuse

Jayson4896 why keep commenting here if you are not interested with Straits?
another thing, don't compare this with your thoughts on VC, Icon, kanger, mtouche.
those related to Menara Lien Hoe gang

M55555

1,021 posts

Posted by M55555 > 2022-05-10 22:36 | Report Abuse

I think he is doing something... reverse psychology . To talk bad , will give good result.

Jayson4896

157 posts

Posted by Jayson4896 > 2022-05-11 06:22 | Report Abuse

Awesome20 This is a public platform, what's wrong with my comments?
I'm saying the truth is not allowed?
It's just allow a dream talk?

You are very funny!!

Jayson4896

157 posts

Posted by Jayson4896 > 2022-05-12 07:42 | Report Abuse

Yeah!! is good news..

See you at 0.115.

M55555

1,021 posts

Posted by M55555 > 2022-05-12 12:34 | Report Abuse

You may continue .No one stop you. There are positive and negative energy people . You reap what you sow
+++++
Jayson4896

Awesome20 This is a public platform, what's wrong with my comments?
I'm saying the truth is not allowed?
It's just allow a dream talk?

You are very funny!!

Raccoon

37 posts

Posted by Raccoon > 2022-05-12 22:56 | Report Abuse

https://youtu.be/0yCk72Ih5iI

Posted by SarifahSelinder > 2022-05-14 18:35 | Report Abuse

STS

Looks kinda impressive

But billings wise how much can Strait charge for one STS transfer like this one?

RM 2m 1m 500k 50k?

Zezima

62 posts

Posted by Zezima > 2022-05-16 17:05 | Report Abuse

USD 185K or (RM500K) per STS, i hope its very lucrative in terms of profit margin

you can refer this article https://www.klsescreener.com/v2/news/view/868583

Ron90

4,051 posts

Posted by Ron90 > 2022-05-18 23:46 | Report Abuse

revenue from just merely 200 mil in 2018 to 1.3 billion last year (6x in just 4 years), and this year would touch 2 billion with additional Port Kelang business, Vietnam contract, STS Victoria and increase oil price.. and finally dividend will be paid this year.. Price should be at least 20 cents. .. but sentiment towards this counter..very very low. Safe for preserve cash at this situation.

Jayson4896

157 posts

Posted by Jayson4896 > 2022-05-19 11:22 | Report Abuse

Straits current liability 217.77mil, current asset 186.06mil

Current liability higher than current asset is normal or abnormal?

Zezima

62 posts

Posted by Zezima > 2022-05-19 11:37 | Report Abuse

https://youtu.be/0yCk72Ih5iI

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