Posted by EVO118 > 2022-05-31 09:52 | Report Abuse

49M of the 55m shares traded today was dumped on 0.80 buyers. Obviously there are still some institution not happy.

Posted by alenac > 2022-05-31 09:58 | Report Abuse

From Day 1, the huge salary of the CEO does not justify ever defending any rescue of the company in the name of assisting bumiputra employees hanging to their jobs. The company is not a welfare organization nor a charitable one. This was missed out in the debate between Anwar and the head of Klepto. The reason why most Malaysian government GLCs failed in their profit-making objective and in reality should not operate like welfare or charity organizations.
Compare all O & G GLCs with independent companies like Yinson, Armada etc. These companies will be able to weather any economic turbulence much better than GLCs because all resources are efficiently utilize in these organizations, no burden of carrying unproductive passengers.

Posted by BLITZRIEG > 2022-05-31 10:04 | Report Abuse

Will continue hold as long not drop to 0.075.....avg cost still .045

Posted by PunTatBerSiul > 2022-05-31 10:05 | Report Abuse

Don't gamble with your money!

Posted by cicakman > 2022-05-31 10:09 | Report Abuse

When 500 packages each throw at continous throw,it is a bad signal.

Posted by hoot9e996 > 2022-05-31 10:15 | Report Abuse

can someone confirmed if im wrong in any part :
1) PETRONAS confirmed isnt helping sapura by take-over or some sort
2) government MOF plans to PUMP in more money into this money sink company?
3) pn17 if debt issue isnt settled by 9th june ?
4) sapura has been selling their assets, how will they generate income with their asset sold ( didnt look much, not sure which is their core business that generates money)

so final verdict is if petronas no take over, and government intend to bail out ( throw money )
what will sapura be in the end?

Posted by cicakman > 2022-05-31 10:23 | Report Abuse

Very serious question that some ppl already have, understand and know the answer.
It is iike soft reminders meah.

Posted by Depeche > 2022-05-31 10:24 | Report Abuse

Buy with spare cash....0.08 being snapped up by opportunists

Posted by am2014 > 2022-05-31 10:27 | Report Abuse

matilah ini macam... jatuh balik
aset sudah jual
tanda-tanda delisting sudah mari...

Posted by matg > 2022-05-31 10:40 | Report Abuse

flushing bilis p main jauh2

Posted by B4b4 > 2022-05-31 10:43 | Report Abuse

Buy now. 54.45% ASB and others

Posted by Mabel > 2022-05-31 10:55 | Report Abuse

#alenac
From Day 1, the huge salary of the CEO does not justify ever defending any rescue of the company in the name of assisting bumiputra employees hanging to their jobs. The company is not a welfare organization nor a charitable one. This was missed out in the debate between Anwar and the head of Klepto. The reason why most Malaysian government GLCs failed in their profit-making objective and in reality should not operate like welfare or charity organizations.

Compare all O & G GLCs with independent companies like Yinson, Armada etc. These companies will be able to weather any economic turbulence much better than GLCs because all resources are efficiently utilize in these organizations, no burden of carrying unproductive passengers.
31/05/2022 9:58 AM

Armada has similar issues earlier. AK managed to pull through.

For Sapura, the company went on to add even more borrowings through several major acquisitions, notably Seadrill’s rig operations ( Seadrill Ltd, the parent company listed in New York and based in Norway), Newfield’s Malaysian oil assets and It had also proposed to purchase Petronas’ Vietnam operations for US$400 million, but the deal was later aborted and Sapura Energy forfeited the 10% deposit, with RM172.5 million recognised as a loss in FY2016.— all in the space of a year and right at the peak of the crude oil price cycle.

Net debt eased in FY2019, falling to RM8.89 billion from RM14.7 billion in FY2018 following the RM4 billion rights issue and sale of 50% of SapuraOMV. Another question to ask is why banks and PNB aggressively funded so much of Sapura Energy’s expansion, especially when the company’s gearing ratios were already so high.

From FY2013-FY2022, Sapura Energy paid out total dividends of RM480 million. But huge salaries, incentives and payments were made out to Shahril and his vehicle Brothers Capital Sdn Bhd (co-owned with his brother Datuk Shahriman Shamsuddin), which wholly owns Sapura Holdings Sdn Bhd, which in turn now owns 12.82% of Sapura Energy. Shahril drew huge remuneration and incentives from FY2014 onwards, even as the company posted losses from FY2016. His annual remuneration and incentives were between RM71.9 million and RM89.4 million from FY2014 to FY2018. His total income from FY2013 to FY2021 was RM443.9 million, or an average of RM49.3 million per year for nine years.

This is the main reason why Mabel decided to sell in 2019 at 30 sen with 3 sen Profits per shares. Now Mabel is back with vengeance before the Najib and Anuar Debate when it hits Mabel Target Price. Mabel has been averaging down and recently averaging up to strengthen her position in Sapura Energy.

Yes don't ever gamble with your money. Invest with confidence if you believe in this turnaround story and only use your spare cash

To Our Eagle!

Meow Meow Meow

Posted by watermark > 2022-05-31 11:03 | Report Abuse

Eloquently put, Mabel.

=)

Moving forward.

Posted by flizzow > 2022-05-31 11:10 | Report Abuse

Bad news will come out...wait yaaaa....almost there wkwkwkkw.

Posted by Mabel > 2022-05-31 11:13 | Report Abuse

That's what they said in FGV and ICON...

The big money is not in the buying and selling, but in the waiting..

To Our Eagle..

Meow Meow Meow

Posted by cicakman > 2022-05-31 11:24 | Report Abuse

From top 30

Top 10 vol
Bottom 10 vol

Currently don't play play.

Posted by cicakman > 2022-05-31 11:27 | Report Abuse

Sudah jual ke? konar konar cerita.

Posted by 7chewe > 2022-05-31 11:28 | Report Abuse

Semalam, syarikat AirAsia X melaporkan keuntungan RM33.6 bilion bagi suku 3 tahun 2022 ini - iaitu keuntungan paling besar dalam sejarah korporat Malaysia.

Ini adalah sebab syarikat tersebut telah "menulis balik" (write-back) bahagian besar kerugian-kerugian amat besar yang dicatat syarikat tersebut setelah melakukan susut nilai serta kemerosotan nilai aset (impairments) ke atas aset-aset mereka ketika pandemic.

Ketika pandemik, aset-aset mereka dikatakan tidak bernilai sebab tidak boleh digunakan dan tidak menjanakan sebarang cash-flow.

Sebab itu syarikat tersebut membuat keputusan untuk merosotkan nilai-nilai aset dalam buku dan mencatat kerugian amat besar ketika pandemik.

Namun kerugian akibat proses merosot nilai aset masa itu adalah kerugian atas kertas ataupun accounting loss.

Kini, aset-aset mereka boleh digunakan dan mula menjana perniagaan semula. Proses penstrukturan semula AirAsia X juga telah selesai.

Dengan itu, syarikat tersebut terpaksa menulis balik kerugian akibat merosot aset untuk melaporkan keuntungan gergasi sebanyak RM33.6 bilion.

Begitu juga dengan syarikat Sapura.

Bahagian paling besar kerugian sebanyak RM8.9 bilion yang dilapor syarikat itu pada tahun lepas adalah akibat proses susut nilai dan kemerosotan nilai aset-asetnya setelah kekurangan modal kerja menghalangnya daripada beroperasi secara biasa setelah bank-bank menarik balik kemudahan kewangan bagi mereka.

Maka cara paling mudah untuk menyelesaikan masalah kekurangan modal kerja dan kemudahan bank supaya syarikat itu boleh beroperasi dan menggunakan aset-aset tersebut untuk menjana semula cashflow.

Masalah jangka masa pendek ini boleh diselesaikan dengan jaminan kerajaan kemudahan bank kepada Sapura ataupun Petronas mengambil alih secara sementara.

Ianya bukan diselesaikan dengan cara menjual aset-aset paling berharga Sapura kepada orang asing dengan harga murah SETELAH aset-aset itu telah dirosotkan nilai.

Sekiranya, masalah kekurangan modal kerja Sapura ini diselesaikan, aset-aset Sapura bakal menjana pendapatan yang tinggi pada ketika permintaan sektor minhyak dan gas dunia semakin naik ke paras tertinggi.

Dan Sapura akan terpaksa untuk menulis balik bahagian besar kerugian yang dicatat sebelum ini sebagaimana dibuat AirAsia X.

Jangan short-term sangat, people. Nanti kita kesal hari kemudian.

Fokus untuk menyelesaikan masalah utama - bukan fokus pada jual aset-aset kepada orang asing dengan harga murah.

FB NAJIB RAZAK

Posted by 7chewe > 2022-05-31 11:30 | Report Abuse

Kan Najib Razak dah start marah marah

Semalam marah, harini marah, sebab jual aset bukan real solutions

MOG, PETRONAS….please take quick action!

Posted by stockraider > 2022-05-31 11:34 | Report Abuse

Anything below 8 sen strong buy loh!

Posted by EVO118 > 2022-05-31 11:46 | Report Abuse

Amazingly even though they have been dumping into 0.08 the support for 0.08 still keeps coming. So far 83m shares has cross over at 0.08.

Posted by matthewlaujc90 > 2022-05-31 11:47 | Report Abuse

Sell high buy low :)

Posted by cicakman > 2022-05-31 11:50 | Report Abuse

Najib ingat semua orang tak sekolah,baru bljar sifir 3.
Kalau untuk untung berbilion billion mudah mcmtu semua PLCs
buat mcm tu lah.

Posted by farrah1208 > 2022-05-31 11:51 | Report Abuse

Time to hold and believe

Posted by watermark > 2022-05-31 11:52 | Report Abuse

Hold tight. =)

Posted by flizzow > 2022-05-31 11:59 | Report Abuse

Sold at 0.085 yesterday now wait 0.075 buy...so ezzz. Make profit wkwkwkkw

Posted by Understand > 2022-05-31 12:09 | Report Abuse

Ahyo sell for peanuts, nanti terlepas boat

Posted by watermark > 2022-05-31 12:11 | Report Abuse

Biar lah dia happy that way….

Posted by Mabel > 2022-05-31 12:15 | Report Abuse

#7chewe Semalam, syarikat AirAsia X melaporkan keuntungan RM33.6 bilion bagi suku 3 tahun 2022 ini - iaitu keuntungan paling besar dalam sejarah korporat Malaysia.

Ini adalah sebab syarikat tersebut telah "menulis balik" (write-back) bahagian besar kerugian-kerugian amat besar yang dicatat syarikat tersebut setelah melakukan susut nilai serta kemerosotan nilai aset (impairments) ke atas aset-aset mereka ketika pandemic.

Ketika pandemik, aset-aset mereka dikatakan tidak bernilai sebab tidak boleh digunakan dan tidak menjanakan sebarang cash-flow.

Sebab itu syarikat tersebut membuat keputusan untuk merosotkan nilai-nilai aset dalam buku dan mencatat kerugian amat besar ketika pandemik.

Namun kerugian akibat proses merosot nilai aset masa itu adalah kerugian atas kertas ataupun accounting loss.

Kini, aset-aset mereka boleh digunakan dan mula menjana perniagaan semula. Proses penstrukturan semula AirAsia X juga telah selesai.

Dengan itu, syarikat tersebut terpaksa menulis balik kerugian akibat merosot aset untuk melaporkan keuntungan gergasi sebanyak RM33.6 bilion.

Begitu juga dengan syarikat Sapura.

Bahagian paling besar kerugian sebanyak RM8.9 bilion yang dilapor syarikat itu pada tahun lepas adalah akibat proses susut nilai dan kemerosotan nilai aset-asetnya setelah kekurangan modal kerja menghalangnya daripada beroperasi secara biasa setelah bank-bank menarik balik kemudahan kewangan bagi mereka.

Maka cara paling mudah untuk menyelesaikan masalah kekurangan modal kerja dan kemudahan bank supaya syarikat itu boleh beroperasi dan menggunakan aset-aset tersebut untuk menjana semula cashflow.

Masalah jangka masa pendek ini boleh diselesaikan dengan jaminan kerajaan kemudahan bank kepada Sapura ataupun Petronas mengambil alih secara sementara.

Ianya bukan diselesaikan dengan cara menjual aset-aset paling berharga Sapura kepada orang asing dengan harga murah SETELAH aset-aset itu telah dirosotkan nilai.

Sekiranya, masalah kekurangan modal kerja Sapura ini diselesaikan, aset-aset Sapura bakal menjana pendapatan yang tinggi pada ketika permintaan sektor minhyak dan gas dunia semakin naik ke paras tertinggi.

Dan Sapura akan terpaksa untuk menulis balik bahagian besar kerugian yang dicatat sebelum ini sebagaimana dibuat AirAsia X.

Jangan short-term sangat, people. Nanti kita kesal hari kemudian.

Fokus untuk menyelesaikan masalah utama - bukan fokus pada jual aset-aset kepada orang asing dengan harga murah.

FB NAJIB RAZAK
31/05/2022 11:28 AM

Like Mabel said earlier, most of Sapura losses are impairment losses ( not cash losses). If Sap losses ( if Real ), Bankers will want their money back immediately. This impairment can be write back if they can step up to the next level…

To Our Eagle!

Meow Meow Meow

Posted by Mabel > 2022-05-31 12:17 | Report Abuse

#7chewe Kan Najib Razak dah start marah marah

Semalam marah, harini marah, sebab jual aset bukan real solutions

MOG, PETRONAS….please take quick action!
31/05/2022 11:30 AM

As usual when comes to Business, Najib is one step forward than the rest. That’s why Bursa never recover ever since GE14.

To Our Eagle!

Meow Meow Meow

Posted by more_moolah > 2022-05-31 12:21 | Report Abuse

cicakman, Najib pointed out that the majority of Sapura's losses are impairments and provisions which can and MUST be reversed should these assets become cash generating again. Do you even know what you are talking about?

BTW, what is AirAsia X profit for Q3 2022?

Posted by Understand > 2022-05-31 12:22 | Report Abuse

Yeah have to agree, Najib have a rather strong business sense.

Posted by more_moolah > 2022-05-31 12:23 | Report Abuse

Mabel, it is true that under Najib, Bursa Malaysia was the world's longest bull-run market and we reached the high of 1896 points in April 2018 just before GE14. Has been much worse since GE14.

Most other share markets are much higher now than in 2018 but ours is still much lower.

Posted by stockraider > 2022-05-31 12:25 | Report Abuse

Do not get kon by AAX figure loh!

Despite writeback of Rm 33.6B....AAX still have negative shareholders fund of Rm 125m mah!

The Rm 33.6B was n overkilled for AAX loh!

U just need Rm 100m Debts & negative fund to bankrupt AAX mah...no need Rm 33.6B loh!

But for Sapnrg....i believe it will have positive shareholders fund after write back loh!

SAPNRG restructuring will be very successful mah!

Posted by Understand > 2022-05-31 12:30 | Report Abuse

Only puntatbersiul will buy airasia share. Since then he keep changing his name.

Posted by Mabel > 2022-05-31 12:36 | Report Abuse

#more_moolah Mabel, it is true that under Najib, Bursa Malaysia was the world's longest bull-run market and we reached the high of 1896 points in April 2018 just before GE14. Has been much worse since GE14.

Most other share markets are much higher now than in 2018 but ours is still much lower.
31/05/2022 12:23 PM

This was published on February 24, 2020 5:59 PM GMT+8 by Fortune.com..

The longest bull run in the world ended Monday.

Malaysia's benchmark FTSE Bursa Malaysia KLCI index had dropped 2.69% at market close, as political upheaval wreaked uncertainty and confusion in the stock market. The dip extended the market's drop from its April 2018 peak to 21%, concluding a 12-year streak in which the country's stock market went longer than any others without a 20% correction.

The run started in 2008, as the nation's economy emerged from the global financial crisis. It came close to ending last year, when the index dropped 18%, but it recovered and the stretch persisted until Monday.

To Our Eagle!

Meow Meow Meow

Posted by WinBigOrLoseAll > 2022-05-31 12:44 | Report Abuse

if Bossku return as PM Ke-10 he will immediately instruct MOF to pump billion into Sapura, so vote BN/UMNO in GE15

Posted by Understand > 2022-05-31 13:09 | Report Abuse

Puntatbersiul is DAP strong supporter. After Airasia keep dropping I think PuntatBersiul will also vote for BN.

Posted by Understand > 2022-05-31 13:10 | Report Abuse

No more Dick left so he change his name to puntatnersiul.

Posted by watermark > 2022-05-31 13:12 | Report Abuse

Yeah, have to say DS Najib have acumen in those.

Posted by strattegist > 2022-05-31 13:13 |

Post removed.Why?

Posted by WinBigOrLoseAll > 2022-05-31 13:15 | Report Abuse

DS Najib is good at making extremely superb large XXXXL cake, so big that even US also can get a portion of it

Posted by henry888 > 2022-05-31 13:58 | Report Abuse

In Malaysia 2xx persons are enough to squeeze dry/rob all the resources. One is daylight robbery (legally) and the other is night time robbery (illegal). Guess who are they ???

Posted by B4b4 > 2022-05-31 14:25 | Report Abuse

Oil prices going higher every day. Good times coming for Sapura

Posted by cicakman > 2022-05-31 14:26 | Report Abuse

Najib bolih cakap apa2 pun sbb dia terlalu banyak duit dan tidak akan rugi2 apa2 pun sbb bukan duit dia dan cuba cari populariti dan mengalih pandangan
yg bolih menjejaskan carrier politiknya.

Kita semua king2 cakap apa2 sekali pun belum tentu bolih untung @50/50.
Tunggu,jgn kena tipu sbb duit punya hal pekara serious kerna ini masa depan
kita.
Jgn memperjudikan masa depan kluarga pd pekara yg tidak pasti.

Posted by Johnfatt > 2022-05-31 14:56 | Report Abuse

Sapura Energy Bhd has entered into a definitive memorandum of agreement with Safeen Feeder Co — Sole Proprietorship Llc, a company in the Abu Dhabi Ports Group of Companies — for the planned disposal of heavy-lift and pipelay vessel Sapura 3000 for US$71.5 million (RM312.85 million). Once the sale is completed by July 15, 2022, Sapura Energy is expected to recognise net disposal gain of RM503,746. According to Sapura Energy, the price tag is based on a willing buyer-willing seller basis after conducting an international request for proposal.

Posted by flizzow > 2022-05-31 15:06 | Report Abuse

Panic sell please..I need to buy 0.075 more 12klot..wkkwkw

Posted by SinGor > 2022-05-31 15:09 | Report Abuse

asset sale will put "pressure" Umno to rescue ailing Sap asap. However i heard it is the amount needed to
bailout Sap that MoF is pondering about, to save Sap is a foregone conclusion and important GE15 agenda

Posted by SinGor > 2022-05-31 15:16 | Report Abuse

When Harapan wins GE14, Umno and Pas went on the attack that DAP will siphon All Bumi Fund to the Chinese.
Mahathir has No choice but ended asking PNB to bailout SAP. Now it is UMNO turn

Posted by SinGor > 2022-05-31 15:31 | Report Abuse

I think Oil will be around for the next 20years. Look at EU today----fell apart after yesterday vote to Ban
russian Oil. Invest in Wind, Solar and Nuclear need 100Trillion US Dollar in 10years to replace Oil....Talk is
Cheap when money is concern. 100Trillion just replace 50% of Oil Consumption in the West........Africa,
India, Pakistan cannot afford Anything