New coming acting CFO was joined last year, I believe since than the incumbent CFO no longer has influence in the company. I guess the incumbent CFO is political appointment, look at his working experiment ..all are GLC...and not in good shape.
Posted by PelitaAlam > Sep 22, 2021 11:57 AM | Report Abuse
correction guys! Old CFO was appointed back in 2014! New CFO appointed April 2021! So basically, old CFO was given a timeline to resign and new CFO given time to takeover!
Supporters of Sapnrg are Not ikan bilis but Bankers themselves...Who roll-over Sap 10billion Debt? Everybody waiting for the right moment...I think easily breached 30cents if Bankers lead the Charge...institutions will follow.....and than a millions of ikan Bilis turned piranhn
Like last time, unsold RI from Shraril were dump in open market, Volume hits 1 billion But the funny things is Bursa keeps quiet and no UMA....all remisiers knew 3rd party goreng up the Vol.
Bursar reject extension application from Sapura, mean QR will release in next few days, not sure is a good news or bad news..., It seems unfair as other company can delay 1 month amid MCO but sapura can't.
Qr out by 30 Sept ( latest ) after rejection by Bursa... Maybe reason given by SAP is too far off----PNB fund cannoT arrived in time to Goreng....hehehe
New CEO wanted to report bad result this quarter, push the profit to later so that he can take credit for the revival of the company. He couldn't do so becoz CFO current is still in power.
Oil trading at $77, soon crossing $80. Market is recovering quickly with vast vaccines roll out. With airlines industry and tourism coming online, more demand for Oil and Gas.
KUALA LUMPUR (Sept 23): Bursa Securities has rejected Sapura Energy Bhd’s application for a one-month extension to announce its latest quarterly results.
“The company wishes to inform that the application was unsuccessful via a letter dated Sept 22, 2021 issued by Bursa Securities to the company,” it said in a filing today.
The oil and gas (O&G) outfit submitted its application on Sept 14 for the one-month extension until Oct 30.
Market cap is only 2 bil. If banks can borrow fresh 3 bil to them, banks is making a big bet in spnrg. Maybank and CIMB. If u don't believe in spnrg, don't put ur money in these 2 banks
yups agree with you abit bias lah if other can ask extension but sap request was denied. after cfo resining, and the new management, i believe this company will start bounce back lah. backed by the uptrend of brent price, im not surpised if the price will go back up to 0.90. just a matter of time to readjust everything back together
Posted by ming > Sep 23, 2021 8:16 PM | Report Abuse
Prejudice.. how come Only sapnrg not allow to extend.. lol
If not bcoz of huge debt, this Co is making a 17% profit margin. Banks are eying on thier debt servicing capability hence willing to borrow them 3 bil fresh.
CFO resigned pun boleh. Cannot produce QR so he resigned kah. Very unprofessional ini macam lah. At least pun mau finish the report baru resign lah. Correct?
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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....
Oil_n_Gas
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Posted by Oil_n_Gas > 2021-09-22 11:59 | Report Abuse
Shell Energy must change name is it?