Owed vendor 6 moons payment and the vendor complaint not wrong also pasal Spanrg takda bayar and avoiding the vendor leh. Vendor need the money to pay staff salary leh. No money how to survive especially the last 2 years pandemic hit hard and many hard to survive leh. Report pun ada tulis many individual and companies also declared banklap leh. If the vendor cannot pay staff salary so need to declare insolvent kah. Chain reaction very scary leh. Anyway next order the vendor can ask for COD term lah. No money no supply lah. Why so bodoh lah. keep supply cant get the money still so bodoh supply lagi kah. Correct?
It's normal for main contractor on holding payments, right thing to do. If like these people never been into constructions. Got spoiled during shahril's time i guessed.
@newmanso, I mentioned earlier that I believe market is efficient over some time. News about SAP's liquidity issue already broke out since last year, so there is already ample time for "price finding" and its share price has already stabilised at around 0.05, which is most probably the worth. Fund managers would have done a lot more homework and dig a lot more info from people working or dealing with SAP before coming in/going out. You can check back the price trend of all previously distressed O&G companies. You will notice that they all stabilised at a certain price before news that their restructuring exercise completed/failed released.
SE dose not clarify the complaints from vendor on 180k payment overdue reported by focus.
this is good move, no need bother this kind of vendor....already commit settle in jan, complaint and make report before due data for only merely hundred k....what a joke for a company.
he can take legal action after jan still not payment....why choose to resolve this kind of dispute via media? maybe is some crony from previous regime, empty shell company......
Sapura management is seriously doing jack shit and testing investors patience. They need to make positive announcements or at least update the market on the progress of asset diversement
Better be patient and try to fetch a better price. I think getting some funds to support first will be better than selling their current asest as oil price is heading high , upstream should be benefiting the most from the current situation.
I doubt it will default, 14 drilling rigs. All are hot items for sale as it is needed due to oil supply shortage. Just to my opinion selling is not the better option as what they have prepared was what actually happening now. Abit of cash injection may easily turn things around.
Honestly, I do not know what STAR Management has in plan. Quarter after Quarter losses after another, losses can be due to impairment, can be due to COVID, and if COVID drag on another 2 years, what happen to remedy plan?
When will those outstanding projects won before COVID gonna finish, so that COVID related losses will not recurred?
We do not need the STAR Management to report one after another losses...
Disclaimer: Own sharing, not buy call or sell call...
Oil price heading 90 Brent Crude, and we not seeing Sapura share price capitalizing on this...very disappointing really...when oil rally retrieve, i wonder what happen to this counter...
There will be a lag between the time oil stabilizes at a high price, and when the actual upstream capex starts flowing. To Sapura's benefit, EU is classifying natural gas as green, so this opens up large investment funds that were previously blocked from investments in oil and gas
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....
SinGor
4,899 posts
Posted by SinGor > 2022-01-23 21:05 | Report Abuse
not only PNB is worry but 10billion Rollover Bank Loan will Limit down side...Looks at AirAsia and
AAX price....bankers keep intervene downside