From the latest news, all depend on PNB, bank closing tap and Sapura technically in Pn17, Need to reset as per announced by Group ceo, either give up OMV or Brazil JV...I believe is latter to get support from PNB and Bank
It’s all speculations and games played by syndicate and whales. They trigger panic sale, and then buy cheap ticket, then release good news, then market buy at high price and these syndicate make handsome margins
" kyliew Saying AA is a "going concern" but AA still still exist until today. Sapura Energy?? 13/12/2021 10:14 AM" ===============================================
AA is a genuine company with good management and have proven itself with many international awards. The pandemic and global lockdown caused it's misfortune.
They have very thick order book and can redeem themselves by managing their bottom line better, and negotiate with their end user for Covid19 related costs
The problem with Sapura is they win nice work, but at expense of some loose T&Cs. Reading the direct cost report, seems like standby cost of vessel by them. Why not have a clause to recharge back to end user. Looks like some legacy tenders were not properly reviewed by their stakeholders from contracts, finance controller and legal.
Tomoro might be another huge selling! Keep red report for many qtr even oil price stands above 70 usd for few months! Totally no hope ad. Even 0.030 also no worth.
Sapura has already secured their credit facility from lenders. Question is how they will use their loan to fund, invest and make the new ongoing contracts more profitable. They are in these red because of toxic contracts, that needs to go.
It takes time to turn the big ship around, need to look at direction now, rather than absolutes of loss/revenue. It's not realistic to expect profit so soon, especially given the large exposure (RM0.5b in total) due to covid related costs. what is required is sustainable profits, quarter over quarter. not a swing between profits and losses from one quarter to the next which creates anxiety and uncertainty. it takes time to reach this point of sustainable profitability.
I guess the damage done by previous regime too deep, it took more than 2+3 years to replace the group CEO.
Beside that, the current Avenger board took over formally in April which less than 6 months, the new board only start review old project after that and reflected in their AR at 2nd QR.
Start from 2nd QR, the 2-3 billion optimize program gone like the formal CFO.haha
just my opinion, current share price which dropped from 8 sen to 5sen++ may have already factored in this QR losses....so that a panic sale may not happen now...
it shall depends on any positive/negative news popping up on way to next QR...if I remember right, it is expected already that the losses should shrink to current figure in this QR ...and inFY 2023 onwards the company should start making better return...
DIsclaimer: Just personal sharing, not a buy call or sell call
No panic sale. Share price on the way to 3c. Factor in this factor in that is irrelevant bcoz diaorang don't know how to do business, know how to take home big fat paychecks. Retailers don't be a water fish.
My thoughts and expectation, is next QR losses should shrink further to lower losses, and FY 2023 should be a afresh start with better return with asset sales etc...
Just my own thoughts and guesses, some big players sold it earlier which dragged down the price now to 5 sen++, in anticipating of this QR losses, so that there ain't a panic selling now as market already factored in this.
I very much hope there will be a big turnaround starting FY2023.
Disclaimer: Just personal sharing, not a buy call or sell call
we also cant deny oil and gas expansion and new drilling is very slow since 2016. it happened globally when us start exporting with their fracking and pressure from environment right group.
we have abundance of oil buy current well are drying up too. they need to explore new oil and gas field.
part of the global oil and gas pact is the idle well need to be dismantled. this yet to happen in malaysia.
petronas more than 5p years of history as the top 20 biggest producer globally, cant just purely rely on foreign subcontractors for their jobs. in malaysia, the only full fledge oil and gas subcontractor is sapnrg.
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....
iPlay
1,812 posts
Posted by iPlay > 2021-12-10 17:05 | Report Abuse
Shariiiil is known to be close associates to tg zarul.... any 'rescue' plan, will be from this channel thru pnb........ ada harapan ?