Posted by koyokui > 2022-02-15 09:41 | Report Abuse

Buy they will push once they get .045 price. Is happening now

Posted by JoshuaMS7 > 2022-02-15 10:24 | Report Abuse

going to break 0.045 due to pn17 intact :(

Posted by rr88 > 2022-02-15 11:25 | Report Abuse

4 subsidiaries dont pay hutang. Contractors saman. Job finished, money dont pay. Bcause no money to pay.

Posted by DickyMe2 > 2022-02-15 11:26 | Report Abuse

LOL..Bumi where got bayar hutang!

Posted by idpdinvst > 2022-02-15 11:51 | Report Abuse

Job executed and never pay a cent to subcon or suppliers. All the payment received from client upon job completion goes into director's bonuses. Very similar modus operandi as Serba Dinamik. They're bidding contracts/jobs at below market rates to get awarded just to boost their share price.

Posted by Somsak007 > 2022-02-15 11:54 | Report Abuse

Petronas also pay late ...sama sama. Que 0.40 sampai skrg x dapat

Posted by idpdinvst > 2022-02-15 12:01 | Report Abuse

Yeah but not 12-18 months late. To withhold a subcon's payment of RM 6mil for 12-18 months is crazy. Imagine those money put into other investments can generate more positive rather than doing business with Sapura energy.

Posted by bullmarket1628 > 2022-02-15 12:26 |

Post removed.Why?

Posted by didi7349 > 2022-02-15 12:30 | Report Abuse

without operating cash, sapnrg is just a matter of time to be certified....

looks like rich dad alrdy called it a day

Posted by didi7349 > 2022-02-15 12:34 | Report Abuse

star management cant do anything without cash for operation....unless they mange to sell some assets...with decent price....

Posted by strattegist > 2022-02-15 13:09 | Report Abuse

4 sen

Posted by wjc4195 > 2022-02-15 13:35 | Report Abuse

Pandai resigned awal awal then this shit all come out!!!!

Posted by 651158 > 2022-02-15 13:58 | Report Abuse

0.03 is coming lo

Posted by Somsak007 > 2022-02-15 14:14 | Report Abuse

Rilek ... ada aset gas asli SK408, 310. Bila Jerun siap, semua aset ada 200kboed. Harga spot skrg non-heating season $150. Harga skrg $95 pun cantik sgt. Tanpa Jerun aset sepatutnya ada 100kboed. Kena tanya Management kenapa skrg 30kboed saja. Mungkin ada sikit masalah teknikal ... Saudara bolehlah kira keuntungan ... cukup senang saja. Jerung semua x cakap pasal aset gas asli ... Bank bukan bodoh tak bagi loan. Skrg rasanya nego saja, gas asli tu green energy. Jualan aset lebih lama tunggu lebih best pasal harga minyak skrg $95. Pak Somsak pi minum kopi O skrg ...

Posted by gghaha > 2022-02-15 14:32 | Report Abuse

those relax is those either stuck for long term wt more then 50% losses or those scammer want ppl to get their shares now

Posted by Somsak007 > 2022-02-15 14:40 | Report Abuse

Very sad lah ... some people talk without any facts and data ... just becoz speaking bahasa asing ingat pandai sangat ...

Posted by Timmy Tan > 2022-02-15 15:07 | Report Abuse

Pak Somsak, nak orang cakap fakta dan data, kamu sendiri kena bagi fakta yang betul dulu. Sejak bila harga gas asli sama dengan harga minyak? Boleh buat carian google, harga gas asli sekarang ~4.2580/mmbtu, atau pun ~24.7/boe. Lagi pun, aset gas dah jual separuh kepada syarikat OMV dari Austria, dah jadi "joint venture", keuntungan kena bahagi separuh, duit di "joint venture" pun bukan suka-suka boleh guna, kena minta izin OMV. Masalah Sapura sekarang bukan tak ada aset yang bagus, tapi tak ada duit sebab banyak projek dulu kantoi. Kenapa bank lewat bagi loan? Sebab bank pun risau Sapura tak mampu nak bayar balik, sebab nisbah hutang kepada ekuiti dah melampau tinggi.

Posted by Somsak007 > 2022-02-15 15:28 | Report Abuse

Silap taip : harga LNG Jepun Korea Marker Platts skrg $150 (futures). Mahal sgt banding harga $95 skrg. Memanglah sudah jual 50% kpd OMV cerita lama. Saudara Timmy, silalah buat kiraan keutungan dan bahagi 2. Tak cukup?? Memang cash flow rumit skrg tapi PNB tak lepas tu saja.

Posted by Invesbler > 2022-02-15 15:58 | Report Abuse

Haiya, dunno what's more sad. That news of payment default come out ( what happen to you Sapura, what is management doing to let it come to this, this situation is not overnight ) or that fact that such a news cannot even more the share price cause people already give up?

I hope one day to see Sapura fly again. I believe in you, you can do it !

Posted by DickyMe2 > 2022-02-15 17:15 | Report Abuse

Dalam mimpi gajah pun boleh terbang!

Posted by Timmy Tan > 2022-02-15 18:41 | Report Abuse

Pak Somsak, mana kamu dapat harga future $150 itu? Yang saya nampak (investing.com, cmegroup.com) semua $20+ sahaja. Tak payah buat kiraan pasal aset gas ini. Saya tak pertikaikan kualiti aset ini sebab ia memang antara yang paling bagus. Tapi tak boleh nak tolong Sapura dalam jangka pendek, sebab kena ambil masa panjang untuk bina platform dan keluarkan gas. Kalau nak jualkan 50% yang tertinggal pun, kena ambil masa cari pembeli dan minta persetujuan Petronas macam dulu. Pasal PNB, ya la, semua pemegang saham pun harapkan PNB selamatkan Sapura, tapi kenapa ambil begitu lama untuk buat pengumuman sedangkan Sapura dah sampai tahap kritikal? Makin lama PNB dan bank ambil, makin teruk keadaan Sapura.

Posted by Invesbler > 2022-02-15 19:22 | Report Abuse

Memang tu gajah bleh terbang, kartun Disney Jumbo punya Gajah.

Posted by Nikmon > 2022-02-15 20:41 | Report Abuse

Haha, barakah PN17 long time de....KNM also PN17, Scomi also PN17....SD also PN17....

SE still early but expect the price remain until next year la.

Posted by Somsak007 > 2022-02-15 20:58 | Report Abuse

Timmy, kena convert mmBtu -> boe. $20+ semua dlm mmBtu. Bahagi saja dgn 0.18 dpt boe. Aset gas E&P tu cashcow ... kena simpan. Yg patut jual Drilling harap2 pd harga $95 dpt cover bank loan.

Posted by Somsak007 > 2022-02-15 21:20 | Report Abuse

Jerung attack hehehe ... habislah cut and paste... cut and paste ... cut and paste... cut and paste ... macam si Ah Long

Posted by Huatexpert > 2022-02-15 23:55 | Report Abuse

Sapura Energy's financial health seems to be deteriorating further

He noted, however, that the company is likely unable to tap into new financing. "Its asset sale will be key [to support its cash flow]," the analyst said.

Others, however, pointed out that potential buyers would likely push for fire sale prices, especially as the cash-strapped company struggles to obtain fresh funds from both banks and the capital markets.

Among the five subsidiaries served with the petitions, Sapura Offshore Sdn Bhd is the parent of several units which own the group's vessels. These include its pipe laying vessels Sapura 1200 and Sapura 3500, as well as its float-over launch barge Sapura FLB-1.

https://www.theedgemarkets.com/article/sapura-energys-financial-health-seems-be-deteriorating-further

Posted by didi7349 > 2022-02-16 00:35 | Report Abuse

seems like chances there to get at 3.5 or 4....

Posted by Ron90 > 2022-02-16 01:04 | Report Abuse

"In the worst case scenario, [its 40% parent] Permodalan Nasional Bhd (PNB) could either let it go, or privatise the company. The question is would PNB inject more funds [after the RM2.68 billion injection in 2018]?" the senior analyst said

takling about HK Genting lost 2.5 billion.. this Sapula also makes A5B, and other GLC losing more than 5 Billlion !! .. why nobody cares??..becoz its a bumi co,,pany, con by bumi CEO and executives, ..

Posted by KokWeng > 2022-02-16 01:06 | Report Abuse

trending lower and lower..

Posted by Icon 888 > 2022-02-16 01:57 | Report Abuse

Dnex is heaven.. sapura is hell

Posted by JoshuaMS7 > 2022-02-16 09:11 | Report Abuse

cut loss first, later pn17 will be gg

Posted by 4dking777 > 2022-02-16 09:43 | Report Abuse

Spaura can only goreng, Dnex got Silterra

Posted by cashflow > 2022-02-16 10:17 | Report Abuse

Management can go sell pisang goreng if cannot revive this company. Oil and Gas price soaring high. They should work out positive deals, like consortium, etc, attract investors

Posted by mach10 > 2022-02-16 11:00 | Report Abuse

warning . warning. the ship is sinking .consolidation and rights will be announced soon.

Posted by didi7349 > 2022-02-16 15:15 | Report Abuse

this current ceo doesnt look like a M&A guy....think rich dad choose the hard to right way to salvae the mess....but going to be painful....

Posted by didi7349 > 2022-02-16 15:16 | Report Abuse

prepare for hard landing...for shareholder, esp retailers, we may not be in the front queue to be rescued for whatever outcome it could be to sapura

Posted by wjc4195 > 2022-02-16 18:58 | Report Abuse

Govt and Bank will not let this co die.

Posted by JoshuaMS7 > 2022-02-16 19:39 | Report Abuse

Bursa should announce sapura enter pn17 in this few days.

Posted by cashflow > 2022-02-16 20:44 | Report Abuse

Any business survivability is based on cashflow and cost control. This company could have done better balancing its books. They had good pipeline and awards, but poor bottom line management and sell ups of contracts in hand. Maybe they lack proper competencies

Posted by Nikmon > 2022-02-16 21:21 | Report Abuse

Aiya, the failure of this company is obvious

1. For the past few years, the CEO only draw around 100 million yearly, use private jet and other benefits, and don't don't forget 10 million yearly pay to Sapura group for using the name 'Sapura', there may have other leakage through crony..

2. On top of those problem done by previous management, covid cost has exacerbated the situation, operator don't want pay the claim, subcontractor also don't want to pay the covid additional cost. Project delay caused by closed down and additional cost from supply chain issue.

Without the first issue faced by Sapura, MHB, SAIPEM and other still struggling to turn around as at today

Not that I think the company may turn around, but the new management lead by AT have done a good job to keep the company afloat and contain the issue within Malaysia. Last Q still manage to win a billion jobs under circumstances.

Not easy lah, AT has done super super good job leh.

Posted by Nikmon > 2022-02-16 21:25 | Report Abuse

If AT manage to turn around by end of this year, he will become legend.

Posted by mach10 > 2022-02-16 21:32 | Report Abuse

with debt of more than RM9.0 billions and losing money year after year ,how to survive financially ?

Posted by koyokui > 2022-02-17 10:50 | Report Abuse

Oil maybe hit 100usd per barrel

Posted by billyraycyrus > 2022-02-17 11:11 | Report Abuse

mach10 - the folks that can answer your question (a valid question), are not on i3investor; does not mean it's impossible

Posted by DickyMe3 > 2022-02-17 12:46 |

Post removed.Why?

Posted by calvintaneng > 2022-02-17 12:48 | Report Abuse

SapNergy too high debt is gone case

Another with High Debt Bomb is Yinson

Both the same

Only Sapnrgy goes burst first and later Yinson follows

Posted by strattegist > 2022-02-17 14:11 | Report Abuse

4 sen

Posted by bullmarket1628 > 2022-02-17 18:10 | Report Abuse

World’s Most-Important Oil Price Tops $100, Signals More to Come

https://www.bloomberg.com/news/articles/2022-02-16/world-s-most-important-oil-price-just-took-out-100-a-barrel

By Alex Longley+Follow
February 17, 2022, 3:52 AM GMT+8

Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher. 
Dated Brent, the price of cargoes bought and sold in the North Sea, reached $100.80 a barrel on Wednesday for the first time since 2014, according to S&P Global Platts, the company that publishes the marker. Price spreads in the futures market are pointing to one the tightest markets ever.....

Posted by fluffyclouds > 2022-02-18 08:47 | Report Abuse

With the contracts they have and the brent oil price, they will be able to restructure. Even shell made a loss of $21.5 B in 2020.Shell sold off some assets / restructured and now the share price more than doubled. Oil & Gas is going to be a vibrant market over the next few years as supply is limited and demand will only increase as the world swings back into gear as covid dissipates.

Posted by billyraycyrus > 2022-02-18 12:21 | Report Abuse

yes, fluffyclouds. with eu re-designating NG as green, upstream capex will start flowing once again. there is a lag from the time policy decision is made to when capex starts flowing; sapnrg needs to wait, perhaps 5-8 quarters more