These people they are not that good arr. They look good bcause of the company they work with. You think they were good when they were with, say, petronas. But when you throw them into a shithouse, then you will see that they are just like any other piece of shit.
They need 1 more quoter to clean up legacy contract I guess, reported 18 /59 outstanding project commence in 2nd half of this year..so there are still at least 40 legacy contract..so probably they should able complete around 25/40 in last quoter, than less than 50% legacy project left after final quoter. Hope sapura manage to break even in 4Q, than is confirm recover mode.
I dont think it got to do to much with the contracts for this quater. Minimal loss mainly due to covid. Covid is just on recovering stage and it does slow down operation and most company are experiencing the same situation. Keeping at minimal loss for such size company is already very good work. It should recover just like the rest. This counter is hoarded by big whales and can be very speculative 'reports', just need to follow the flow.
Many legacy contracts were probably pre-pandemic and did not have coverage for COVID 19. Same with the companies I have been dealing where NOC refuse to acknowledge quarantine or standby charges. It’s a pain for all but they nicely declare profit after reaping from the rest.
I see ICON quarterly earnings and upcoming quarter report optimistic for cash growth, Those want to leverage best join the party, at least to recoup losses.
"The Liquidator wishes to inform the shareholders that the Company has filed a winding up petition against its wholly owned subsidiary SCSB vide the Kuala Lumpur High Court Companies (Winding-up) Petition No. WA-28NCC-367-05/2021 ("Winding Up Petition"). The Winding Up Petition was heard on 17 November 2021 and the Court has granted a Winding Up Order against SCSB with costs of RM5,000.00 to be paid to the Company.
In addition, Mr Onn Kien Hoe of Crowe Advisory Sdn Bhd at Level 13A Tower C, Megan Avenue 2, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur is appointed as the liquidator of SCSB.
In local share market got 4 famous FB / Blogger socall " incredible 4 " as following :
Half boiled egg - tyxxp & stoxxpixx2u tanjung rambutan - wuchang Golden Summit - Dave Chong aka So-chai Chong Windscopo2 - First day but look like last day
If you listen their tips buy stock , u will cry until no tears...
Sapura brothers are substantial shareholders. If they really sell down, they need to announce to Bursa within 3 days. There is no such announcement yet.
the not so smart brothers shares are not allowed to be sold as that is one of their requirement when the banks disperse the loan and some are pledged to the banks too
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....
cashflow
3,642 posts
Posted by cashflow > 2021-12-14 13:06 | Report Abuse
MIDF on Buy call. Target revised to 9 cents
https://www.malaymail.com/amp/news/money/2021/12/14/midf-research-maintains-buy-for-loss-making-sapura-energy-but-lowers-target/2028286