Andy said target to finalized by end of 2021 but may delay depend on bank feedback. I guess chances to get waiver is high, but else will drop further. Just speculate possible good news based on the last few days price trend.
Since 2015 SapuraE has been losing money and with the CEO high pay not surprising the share price bottom penny rating with or without Covid16 is destined to suffer from a bad overseas upstream expansion decision. Don't forget for overseas projects there are no bumi benefit, unlike Malaysia.
Posted by kyliew > Jan 16, 2022 9:57 PM | Report Abuse
How much the cost for the ads on YouTube and the Edge to write an article?
Frankly, we don't really need the company to turnaround to profit from it. I feel the market has been anticipating good news (divestment, waiver from creditors, etc) and the SP is in uptrend (short term).
be it for divestment, waiver from creditors, selling of drilling asset etc under transformation to renewable energy technology....this is best moment to get better deal...
Hope and pray that the Star management doing it right this round... and cautious enough in winning the new contracts ....
@KAQ4468 We are all here to make money. No use to hate, love, or trash a company. Share price is around 0.05. If the company bk, my estimation is we could get at least 0.20 from their assets. That's 300% profit. Based on the recent trading activities (buy interest increased tremendously), without news, I am expecting 0.06 as early as this week. That alone is already 20% profit. Some good news could further bring it to 0.08 to 0.10. What about negative news? Well, I really don't expect it till next quarter report. Unless you are long term shareholder from a much higher cost, I see no reason not to buy at this level.
Oil rally 7 year high to 88++, still Sapura stay at 5.5++ sen...and when retrieve to 80++ after the fear on attack and profit taking, Sapura may drop to 4.5-5++ sen, its so heavy to move and management has been quiet and not much release of new plans to hold the ship...
Armada coming back strongly and sapura is at lowest share price still...
Thumbs up to Armada management!
Pity for all us giving hope in this heavy elephant.. I worry what happen to Sapura share price when Oil price retrieve from the shock news on attack and Europe/Russia Tension...
when these booster fade away, oil likely retrieve back to lower, and we will see impact on sapura share price...
Disclaimer: own opinion, not a buy call or sell call...
They won some big projects, but often declaring big losses one after another...COVID related, geological problems, etc all born by Sapura...huge losses one after another, and management replaced one after another...now Star management...and share price is 5.5 sen low
SO disappointing, those averaging down, regardless the averaging pricing, most get burnt Kaw Kaw......new low after another low...thas the sad story of this elephant...
someone who attend the AGM of Sapura, if given opportunty, should tell the STAR management, enough is enough...and question what impact the sapura management has brought to all investors (including PNB), aprt from seeing the share price drop from 10++sen to now 5++ sen and big losses one after another....
I wonder how much they (new line up) draw from the directors and CEO fees? with this kinda company share performance???
Disclaimer: Own opinion, not a buy call or sell call..
Russia is major oil/gas provider in Europe. The US/Europe/Russia tention/war will only push the oil price higher.
If you look at the recent trading activity of SE, you'll see oil price doesn't move the stock much. That's because all eyes are on their cash flow problem. That's why their trading price is so low.
Newmanso, the social media story on AA food delivery is a very different picture. Many unhappy customers. Unlike Grab, the moment you order, you are charged. As such, when the merchant is unable to make / rider not available, AA will have to refund, and it takes time for AA to refund. Some claim that they have not received a refund for >1mth. Grab on the other hand only charges you after the rider registers successful delivery. I am not too optimistic about AA going into food delivery. There are 41 food delivery apps on the market now. AA may be a good buy at about 0.1x
@ronsimmons Thanks, AA delivery service is not available in our area, so have no idea how good/bad they are. I use foodpanda everyday, no complains so far. ;-)
Anyway, my point was that Tony makes news frequently and he knows how to excite the market with new ideas/plans. Because of this, some people are still in the 'hold and wait' mode (not selling) even after PN17. People will find out the fact soon in their next few quarter reports.
In terms of short term trading, I think 0.56 looks like a great entry point.
@DickyMe I see, sorry that was a typo, I meant to say 0.05, not 0.50. I was tracking the 'buy interest' at 0.05. Without company news, if the interest keep going up (my guess is around 120mil), it will help the stock to trade at the next level, which is 0.055 to 0.060.
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....
Nikmon
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Posted by Nikmon > 2022-01-16 21:45 | Report Abuse
Possible go into PN17 if waver not granted by creditor, waiting Andy to announce soon.