baring in mind the contracts they have won and the current oil price....wont be long before we see some positive news and a corresponding uplift in share value.
$80 per barrel also lose money like hell. If need $150 to make money then this is flash in the pan company. Most likely PN17 and ... eventually forced RI resulting in dilution.
SAIPEM also lose money, MHB also lose money, worst still New star management just the took over less than a year from previous infamous management. Probably won't turn around until 2Q2023
Har...termination of the contract is good news, Sapura300 loading money non stop if keep boned by the Yunlin contract....only 21/80 tubing installed after 2 years delay...it is the wise move to terminate the contract. Taiwan border contract is strict,. But the covid cost beared by Sapura...if continue like this, another billion loss inccured.
Qtr 4 will be in deep red zone. 3 to 4 cent coming. Oil $70 and SAP at 14cent in May 2021. Now oil $90 and SAP at 5cent. SAP must fix 10B debt first and make sure projects make profit.
Is it possible write back 300-500 million from provision of loss for Yunlin project which was made in Q2? I guess not able turn around but probably can reduce the loss..
A very good decision by the group to exit the toxic contract. Let them focus on contracts and opportunities which prints profit. All these legacy contracts if not profitable and unable to fix TCs, better just exit if the termination clause allows.
Sapura top the volume this morning, buying volume build up from low volume...seems like the tremination in YunLIn COntract in fact present positive outlook to Sapure, market seems welcoming the move...
Super great news ! Malaysia's National Recovery Council agrees to fully reopen borders without quarantine by March Rashvinjeet S Bedi 08 Feb 2022 03:19PM (Updated: 08 Feb 2022 03:19PM)
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....
amirsyam1001
83 posts
Posted by amirsyam1001 > 2022-02-04 07:46 | Report Abuse
I thought SAP is a gas counter.