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 ?

Posted by JoshuaMS7 > 2021-12-29 01:55 | Report Abuse

Next week might go forward 3 sen if qtr rpt is another round of big red color..

Posted by cashflow > 2021-08-29 01:02 | Report Abuse

Diversify O&G investment, ICON Offshore going big.

Posted by DickyMe > 2021-12-11 11:28 | Report Abuse

ICON sleeping for years after a brief firework display, which is manipulation.

Posted by Nikmon > 2021-12-11 14:18 | Report Abuse

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

Posted by Mabel > 2021-12-13 00:37 | Report Abuse

Waiting to collect at 3 sen..

Meow

Posted by strattegist > 2021-12-13 09:08 |

Post removed.Why?

Posted by Sw33per > 2021-12-13 09:17 | Report Abuse

Cun cun cun cun cun cun cun cun cun

Posted by cashflow > 2021-12-29 00:27 | Report Abuse

Price volatility would shoot above 5.5 cents. It’s all about earnings and creditors approval to inject more.

Posted by hohlaiyet88 > 2021-12-28 22:41 | Report Abuse

News said today QR will release, when will release?

Posted by skyu > 2021-12-13 09:55 | Report Abuse

maybe this time another 2 bil loss ?

Posted by kyliew > 2021-12-13 10:13 | Report Abuse

Last year right after the March 2020 outbreak I recalled E

Posted by kyliew > 2021-12-28 16:58 | Report Abuse

Saying AA is a "going concern" but AA still still exist until today. Sapura Energy??

Posted by kyliew > 2021-12-13 10:17 | Report Abuse

BTW, I sold AA earlier this year making peanut profits only even I was holding the share when that kind of E

Posted by cashflow > 2021-12-13 10:18 | Report Abuse

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

Posted by DickyMe > 2021-12-13 11:25 | Report Abuse

"
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.

Don't compare star with shhiiter.

Posted by davidkkw79 > 2021-12-13 17:58 | Report Abuse

Holland ! Tomorrow become 2 sen or 1 sen stock ?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3218246

Posted by trading2019 > 2021-12-13 18:27 | Report Abuse

Here leaks, there leaks. Infinity holes to plug.

Posted by cashflow > 2021-12-13 18:37 | Report Abuse

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

Posted by Nikmon > 2021-12-13 19:39 | Report Abuse

Prepare for another loss in final Q..haha,CEO said only recover in next F2023...so final Q may lose also or just break even.

The only positive I able to found is somehow they still able to secure 1.76 billion jobs..

Posted by Nikmon > 2021-12-13 19:43 | Report Abuse

After 6 months since 2q, liquidity issue and outstanding payment to vendor still unresolved, no wonder UOB so pesimistic

Posted by Nikmon > 2021-12-13 19:51 | Report Abuse

Seems like you @skyu got insider news..haha


Posted by skyu > Dec 13, 2021 9:55 AM | Report Abuse

maybe this time another 2 bil loss ?

Posted by cashflow > 2021-12-13 20:09 | Report Abuse

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.

Posted by JoshuaMS7 > 2021-12-13 20:33 | Report Abuse

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.

Posted by skyu > 2021-12-13 20:35 | Report Abuse

very sad and very expensive lesson. the only positive thing is they gotten waiver from the creditors.

Timmy Tan, can u pls interprete the result with your expertise ?

Posted by skyu > 2021-12-13 20:36 | Report Abuse

I do not have any insider news at all. I believe everyone already anticipated is a loss, the question is how big or small the loss.

this time their result is attached with many pending court cases which previously never mentioned sated back to 2011.

Posted by cashflow > 2021-12-13 20:46 | Report Abuse

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.

Posted by skyu > 2021-12-13 21:15 | Report Abuse

we shall see how much maybank slashing this time. 0.005 wont be surprised.

Posted by qqq668 > 2021-12-13 21:50 | Report Abuse

Time to buy, tmrw gap up?

Posted by amirsyam1001 > 2021-12-14 07:58 | Report Abuse

I thought sapura had no income.? How to declare bankruptcy

Posted by skyu > 2021-12-14 08:38 | Report Abuse

bumi aranda used to be very distressed. once they replace the ceo, the company turnaround immediately.

Posted by krish52 > 2021-12-14 08:52 | Report Abuse

very poorly managed and has disappointed the shareholders with a bad to worse performances from year on year.

Posted by kyliew > 2021-12-14 08:54 | Report Abuse

That's why they changed almost all the board of directors

Posted by Sw33per > 2021-12-14 08:58 | Report Abuse

With new management they will improve day by day...

Posted by cashflow > 2021-12-14 09:01 | Report Abuse

PNB doesn’t want bankruptcy. It’s huge loss for them too. Let’s see if they come up with capital injection plans

Posted by ronsimmons > 2021-12-14 09:02 | Report Abuse

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.

Posted by JuliusCeasar > 2021-12-14 09:05 | Report Abuse

Freefall! Moving south

Posted by cashflow > 2021-12-14 09:11 | Report Abuse

Price will consolidate in the 5 cents region until announcement by creditors and lenders on their support forward.

Posted by sheep > 2021-12-14 09:16 | Report Abuse

next qr most likely deep red with huge loss...going below 3sen then.
.then..
and then start new financial year with a clean slate/
...wakakakaka

Posted by Nikmon > 2021-12-14 09:23 | Report Abuse

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

Posted by drkelvin20 > 2021-12-14 09:24 | Report Abuse

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

Posted by Eastern686 > 2021-12-14 09:28 | Report Abuse

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.

Posted by drkelvin20 > 2021-12-14 09:31 | Report Abuse

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

Posted by cashflow > 2021-12-14 09:42 | Report Abuse

With more than 7 billion worth contracts in hand, there is swift pipeline but they need to focus on contract T&Cs and managing bottom line.

Posted by cashflow > 2021-12-14 09:45 | Report Abuse

I am on red also with this share slump but leveraging with potential counter like ICON. Let’s see

Posted by skyu > 2021-12-14 10:03 | Report Abuse

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.

Posted by DickyMe > 2021-12-14 10:42 |

Post removed.Why?

Posted by Sw33per > 2021-12-14 12:03 | Report Abuse

Today married tomorrow get anak ka?

Posted by JoshuaMS7 > 2021-12-14 12:22 | Report Abuse

ya we can't deny this ship going to gg.

Posted by Understand > 2021-12-14 12:50 | Report Abuse

Minimal operating loss. Mainly due to covid cost. Very good work indeeed.