Bankruptcy narrative is playing very well,a lot of noise at social media accusing high pay CEO..lol. just wonder will sapura clarify....or straight Pn17...haha
Upstream just reported that Sapura in cash trap and selling asset keep afloat, the story evolve until 70 million paid CEO, PN17 and bankruptcy, loan default soon, haha
Sapura has clarify, petronas did not disqualify sapura like barakah, all project are executing and can expect Brazil (all PLV contracted) and OMV generate cash to support O&C EPCc burn cash project.
The only problem is short of cash this is why some vendor is affected, sapura does not have room to get more loan.
14 billion order book....what to expect. I guess crazy sell down is cause by sharillll.
Most penny countries are downtrend now. Look at KANGER, BCMALL, LKL and others. This SAPNRG is exceptional.... This SAPNRG could face the same scenario..... It could go down to the lowest level which is at 3c as been predicted earlier..... I just share my view.
I don’t think so. Stake is too high and they need to manage short term liquidity and most of their contracts execution pending payment from their customers. Their revenue will improve over time to slash the red
skyu: Everything is possible. Can copy what Icon Offshore did. Consolidation of 20 shares into 1, so share price becomes RM1 first. Then do rights issue at RM0.50, 10 right shares for every one share. There you go, another RM3+ billion raised. However, all these are assuming Sapura can get PNB to subscribe or the big banks to underwrite.
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....
strattegist
23,459 posts
Posted by strattegist > 2021-12-08 15:35 |
Post removed.Why?