Crude price expected to jump up fast because supply will be limited for quick turnover on airline fuel demand. Let’s hope OPEC+ keep their promises at the same time. These big boys also need to manage their balance sheet
I think we gotta be patient, do not get tempted to sell at 13sen or 13.5 sen..The restructuring of debt should be finalized by this two weeks, as it came out in report the dateline for Sapura to restructure his debt would be end of this year.
Sharill reward with share if not mistaken, so nothing to lose. Maybe he been forced to trim down his stakes...he is founder of the company, kick out by PNB...
And looking at bullish oil price>51++, supported by OPEX deal up to March21, I think we are hopeful for big gain for Sapura share price once the financing debt restructuring is struck. If the debt restructuring is struck by end of this month, I think Sapura can make breakthrough in current share price to rise to 20 sen plus.....Armada already up to 39sen plus plus form their Covid value of 16-17 sen. Sapura is hopeful to recoup the share price prior to Covid, once the debt restructuring deal is struck.
Looking at bullish oil price, I hope Sapura can convince the bankers for the debt deal. I think oil price is gonna be bullish with vaccination starts and in few months time economy will rebound, the oil price should be higher than now.
And I think the bankers will be convinced on Sapura business prospect especially now added with natural gas production, and if bankers are convinced, it will be easier for Sapura to strike the debt retructuring deal...
And I think they will announce once the deal is done...EIther they announce deferment of the deal negotiation to another month, or they will announce the deal done.
If the latter materialize and the debt deal is done, and they actually announce it in upcoming days, I am very hopeful the Sapura will fly the next day and gain major breakthrough to break the current pricing now....
Just my two cents...I hope this will materialize. Both PNB and many other Institutional Funds have invested at much higher share price than current price. I think they need to recoup.
KLCi index has been dropping last 2-3 days...I think it is healthy correction after an extended uprise. Any oversold should result in a rebound. I hope if Sapura announce positibe Quarter report this evening, it can catch the next monday KLCi markert rebound, and the share price will rise up. Finger cross.
If you check what happen in 2008-2009 economy crisis, it showed market rebound came with several ripples and corrections, but most of stocks uprise gradually and the mnomentum got stronger and stronger when situation recovered.
I have the feeling the same market trend happenning now, the market is slowly recovering now...but there will be profit taking, market healthy correction, etc which pull back the rebound occasionally. But surely I am confident gradually the market KLCi is heading upwards.
Only two factors can stop this eventual uprise trend, one is if the Vaccine fails, the second is the shock GE.
If Vaccines failed, there will be a global shock and all related stocks will suffer dip blow, like back in March where market is under extreme fear.
If electric GE is being called, there should be a market pullback until the situation is cleared with who is winning the GE15. But I think GE will come so soon, in fact I think GE will be dragged till the end of the 5 years tenure. The reason is simple, the reigning ministers, PM they would very much want to cling on the power and position, rather than heading to an unknown GE result.
So I would not be too worried with current market healthy correction, so long as there is no severe Vaccine negative news pop up.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
keraskepala
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Posted by keraskepala > 2020-12-17 16:14 | Report Abuse
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