Posted by drkelvin20 > 2022-02-18 21:25 | Report Abuse

Management is very important in turning company around, this is so far one of very worst O&G company in Bursa, which go against the Oil rally...

Its been some times since Star management helming the ships with multiple replacements, and what we see is the losses after losses...

I think we all can guess already whats gonna happen with current Star management...

Anyway, it is Sapura

If there is a score for it, how many scores would u rate for the Star management???

Diclaimer: Own sharing, not a buy call or sell call.

Posted by Understand > 2022-02-18 22:57 | Report Abuse

So far so good. Alot of right move taken.

Posted by Nikmon > 2022-02-20 18:17 | Report Abuse

What and how AT priorities resources, 100k also don't want to pay, are they plan to sell E&C ....can sell to MHB/Petronas, haha

Posted by JoshuaMS7 > 2022-02-21 09:49 | Report Abuse

going to break 0.040 soon! luckily we cut loss and pn17 intact and waiting for official announce!

Posted by DickyMe3 > 2022-02-21 10:20 | Report Abuse

For SAPNRG to bounce back, it must sack all the laidback entitled bumis and open employment for deserving Malaysian with proper qualification and work culture. Remove political appointees and parasites. Trim the excesses.

Posted by DickyMe3 > 2022-02-21 10:21 | Report Abuse

It must begin at all levels. Yes down to janitor level.

Posted by cashflow > 2022-02-21 19:51 | Report Abuse

Sapura need Tongkat Ali

Posted by strattegist > 2022-02-21 21:38 | Report Abuse

dah tak bermaya niii..

Posted by cashflow > 2022-02-22 00:49 | Report Abuse

https://sapuraenergy.com/press_release/sapura-energy-announces-rm1-85-billion-contract-wins-including-saudi-aramco-crpo-59/

Posted by cashflow > 2022-02-22 00:49 | Report Abuse

The group is winning work with key customers and hopefully it will attract more margins in the financials.

Posted by bullmarket1628 > 2022-02-22 09:42 |

Post removed.Why?

Posted by cashflow > 2022-02-22 10:05 | Report Abuse

Big player no bullets to play?

Posted by JoshuaMS7 > 2022-02-22 10:11 | Report Abuse

It's not becos no bullets, becos of no worth to play.

Posted by bullmarket1628 > 2022-02-22 10:16 | Report Abuse

Putin orders Russian troops to Ukraine after recognising breakaway regions
By Andrew Osborn and Dmitry Antonov
22-2-2022

https://www.reuters.com/markets/europe/kremlin-says-no-concrete-plans-summit-with-biden-over-ukraine-2022-02-21/

MOSCOW, Feb 21 (Reuters) - Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war.
A Reuters witness saw tanks and other military hardware moving through the separatist-controlled city of Donetsk after Putin issued a decree recognising the breakaway regions and told Russia's defence ministry to send in forces to "keep the peace".
The moves drew U.S. and European condemnation and vows of new sanctions although it was unclear whether it was Putin's first major step toward a full-scale offensive in Ukraine that Western governments have warned about for weeks.
A senior U.S. official said the deployment to breakaway enclaves already controlled by separatists loyal to Moscow did not yet constitute a "further invasion" that would trigger the harshest sanctions, but that a wider military campaign could come at any time.
There was no word on the size of the force Putin was dispatching, but the decree said Russia now had the right to build military bases in the breakaway regions.
In a lengthy televised address packed with grievances against the West, a visibly angry Putin described Ukraine as an integral part of Russia's history and said eastern Ukraine was ancient Russian lands.
Russian state television showed Putin, joined by Russia-backed separatist leaders, signing a decree recognising the independence of the two Ukrainian breakaway regions - the self-proclaimed Donetsk People's Republic and the Lugansk People's Republic - along with agreements on cooperation and friendship.
Defying Western warnings against such a move, Putin had announced his decision in phone calls to the leaders of Germany and France earlier, the Kremlin said.
Moscow's action may well torpedo a last-minute bid for a summit with U.S. President Joe Biden to prevent Russia from invading Ukraine, which the senior U.S. official said was now in doubt.
Oil jumped to a seven-year high, safe-havens currencies like the yen rallied and U.S. stock futures dived as Europe's eastern flank stood on the brink of war. The rouble
extended its losses as Putin spoke, at one point sliding beyond 80 per dollar.
Ukrainian President Volodymyr Zelenskiy, who received a solidarity call from Biden, accused Russia of wrecking peace talks and ruled out territorial concessions in an address to the nation early on Tuesday.
Biden, who also spoke to French President Emmanuel Macron and Germany Chancellor Olaf Scholz, quickly signed an executive order to halt all U.S. business activity in the breakaway regions and ban import of all goods from those areas.
White House spokesperson Jen Psaki said the measures were separate from sanctions the United States and its allies have been readying if Russia invades Ukraine.
U.S. Secretary of State Antony Blinken said the executive order "is designed to prevent Russia from profiting off of this blatant violation of international law."
The U.N. Security Council was due to meet publicly on Ukraine at 9 p.m. EST Monday (0200 GMT on Tuesday), a Russian diplomat said, following a request by the United States, Britain and France.
German Chancellor Olaf Scholz's spokesman said Germany, France and the United States had agreed to respond with sanctions, while British Foreign Minister Liz Truss said Britain would announce new sanctions on Tuesday.
NATO Secretary-General Jens Stoltenberg accused Russia of "trying to stage a pretext" for a further invasion. Russia annexed Crimea from Ukraine in 2014.
In his address, Putin delved into history as far back as the Ottoman empire and as recent as the tensions over NATO's eastward expansion. His demands that Ukraine drop its long-term goal of joining the Atlantic military alliance have been repeatedly rebuffed by Kyiv and NATO states.
With his decision to recognise the breakaway regions, Putin brushed off Western warnings.
"I deem it necessary to make a decision that should have been made a long time ago - to immediately recognise the independence and sovereignty of the Donetsk People's Republic and the Lugansk People's Republic," Putin said.
A French presidential official said the speech "mixed various considerations of a rigid and paranoid nature".

Posted by bullmarket1628 > 2022-02-22 10:18 | Report Abuse

DIPLOMATIC WINDOW NARROWS
Putin has for years worked to restore Russia's influence over nations that emerged after the collapse of the Soviet Union, with Ukraine holding an important place in his ambitions.
Russia denies any plan to attack its neighbour, but it has threatened unspecified "military-technical" action unless it receives sweeping security guarantees, including a promise that Ukraine will never join NATO.
Recognition of the separatist-held areas will narrow the diplomatic options to avoid war, since it is an explicit rejection of a seven-year-old ceasefire mediated by France and Germany.
Separately, Moscow said Ukrainian military saboteurs had tried to enter Russian territory in armed vehicles leading to five deaths, an accusation dismissed as "fake news" by Kyiv.
Those developments fit a pattern repeatedly predicted by Western governments, who have accused Russia of preparing to fabricate a pretext to invade by blaming Kyiv for attacks and relying on pleas for help from separatist proxies.
Washington says Russia has massed a force numbering 169,000-190,000 troops in the region, including the separatists in the breakaway regions, and has warned of invasion at any moment.

Posted by RaazzTetsuya > 2022-02-22 10:58 | Report Abuse

gogo sapu

Posted by BLITZRIEG > 2022-02-22 11:29 | Report Abuse

No interest to buy…..Waiting mode ….for Mac news

Posted by gghaha > 2022-02-22 12:37 | Report Abuse

waiting 3c show aft results out....:)

Posted by armadatuah2017 > 2022-02-22 13:00 | Report Abuse

No one could save this company.

Posted by armadatuah2017 > 2022-02-22 13:00 | Report Abuse

Like mmhe, billions of project secured but still losing big time

Posted by cashflow > 2022-02-22 14:33 | Report Abuse

4c bocor. Let’s sharks grab

Posted by cashflow > 2022-02-22 15:03 | Report Abuse

The ratings agency are also paid big time to bring the share price down as someone is planning on grabbing them all cheap before push up later.

Posted by Somsak007 > 2022-02-22 15:35 | Report Abuse

Pak Somsak beli je ... @ 4.5, 4.0 ...

Posted by JoshuaMS7 > 2022-02-22 15:39 | Report Abuse

Another THHeavy is making...

Posted by Somsak007 > 2022-02-22 15:40 | Report Abuse

saku kiri ke kanan kot ... hehehe... xpa lah

Posted by freddiehero > 2022-02-22 15:44 | Report Abuse

steadilily.. sapu sapu la

Posted by DickyMe3 > 2022-02-22 15:45 |

Post removed.Why?

Posted by DickyMe3 > 2022-02-22 15:46 | Report Abuse

The Board of Directors of Sapura Energy Berhad (“SEB” or “the Company”) wishes to announce that the Company’s wholly owned subsidiary, Sapura Fabrication Sdn Bhd (“SFSB”), has on 15 February 2022, been served with a Winding-Up Petition dated 15 December 2021 (Shah Alam High Court Winding-up Petition No. BA-28NCC-634-12/2021) by Sun Hardware Enterprise Sdn Bhd (the “Petitioner”)."

GULUNG TIKAR.

Posted by Understand > 2022-02-22 15:47 | Report Abuse

Shark sapu everything.

Posted by drkelvin20 > 2022-02-22 15:49 | Report Abuse

Its getting closer and closer to botttom 1 sen...from few ringgit to 3.5/4sen...
If it happens, Sapura will be valued at 160 milllion...Ex-CEO can easily buy over, or PNB can privatized it...

Most investors lose big, big big...

And the STAR Management continue with their mabe thick pay...taking in project and possibly declaring big losses, due to impairment, COVID related, etc...

And we all lauding how good is the current CEO...how good are these top mens brought in to savage the company etc...

I guess even Sapura eventually have to close shop, these STAR management can still hop arouond to join other big O&G companies through contacts recommendation etc...So they are fine...

But most investors lose thick thick...what a sad outcome...

Disclaimer: Own sharing, not a buy or sell call....

Posted by DickyMe3 > 2022-02-22 15:50 | Report Abuse

NOSH: 15,979 Million

LOL..~16 Billion shares.

Posted by Citadel123 > 2022-02-22 15:54 |

Post removed.Why?

Posted by drkelvin20 > 2022-02-22 15:54 | Report Abuse

16 billion shares, given one sen...company will be valuied at 160 million, and considering 50% of stake,ex CEO can grab this with less than 50million...and then can take it privatize....and all investors lose big big...

Disclaimer: Own sharing, not a but call or sell call...

Posted by Nikmon > 2022-02-22 17:20 | Report Abuse

PNB if want to privatized, need Sapura Brother approval who held 15% share may not agree on cheap sell.
If Sapura brother want to privatized, need PNB approval who held 40%,

Any third party like petronas want buy Sapura for the Oil/Gas asset, need PNB or sapura brother approval who held 60% collectively neither of them want to sell cheap.

Not easy to privatized I guess, so no worry. But the price will stay below until next year. Haha

Posted by cashflow > 2022-02-22 17:29 | Report Abuse

Brent crossed $100 for the first time since so many years. However equities are snailing,

Posted by strattegist > 2022-02-23 18:26 |

Post removed.Why?

Posted by Nikmon > 2022-02-23 18:49 | Report Abuse

Every day announce new winding up petition....no one dare to touch this counter. Haha

Posted by jacksparrow > 2022-02-23 19:24 | Report Abuse

bungkuslah... balik kg tanam jagung...

Posted by trading2019 > 2022-02-23 20:32 | Report Abuse

Buy now. In 2 years from now, this counter is worth RM40. Kakaka

Posted by suprnoob > 2022-02-23 20:48 | Report Abuse

ho ho ho

Posted by strattegist > 2022-02-23 22:55 |

Post removed.Why?

Posted by Jkoay > 2022-02-24 03:21 | Report Abuse

This company going to the graveyard.

Posted by bullmarket1628 > 2022-02-24 12:24 |

Post removed.Why?

Posted by Somsak007 > 2022-02-24 12:29 | Report Abuse

$100 skrg hehehe ...

Posted by bullmarket1628 > 2022-02-24 12:29 |

Post removed.Why?

Posted by Godofgambler > 2022-02-24 12:30 | Report Abuse

Too bad sapura can't follow hibiscus

Posted by bullmarket1628 > 2022-02-24 13:06 |

Post removed.Why?

Posted by cashflow > 2022-02-24 13:36 | Report Abuse

Brent at $101.60, damn hot after Putin surgical military order. World is going for Cold War soon.

Posted by cashflow > 2022-02-24 13:36 | Report Abuse

http://www.m.livecharts.co.uk/MarketCharts/brent.php

Posted by Godofgambler > 2022-02-24 14:01 | Report Abuse

Time to collect sapura while oil price keep ahooting