started buying at 3.5 sens bcos MIDF was hired to advise on Regularisation plan. If no solid plan why hired MIDF. SAP pays for advise ( not Free ). I think this last impairment Loss really push Bankers to the Edge of 14 Floors window ( take the Hair-Cut or nothing left )
Haha So Nice ...what a pleasant surprise..happy to see all Mabel's queue is matched today..
Really grateful to all the Uncles and Aunties who has worked tireless 24x7 over the last one month to press the price down.
Mabel soooooooooo apy to collect another batch of 3.5 sen.
Please continue tomorrow ya..Mabel will be waiting at 3 sen...
As usual Mabel will continue to Goyang Kaki waiting for another catch tomorrow. With this latest catch Mabel's holding cost will be lower than 4 sen...So Nice..
Sapura Energy said it had retained its competitiveness as a global player amid these challenges with more than 70% of its FY2023 revenue coming from international contracts, as it completed 45 projects for various clients during the year.
“The group continued to win new work, which amounted to about RM3.7 billion in value, bringing its current order book to RM5.6 billion. In addition, the non-consolidated gross order book of the group’s joint-venture entities stands at RM5.2 billion.
“All 11 of its rigs are currently under contract in Malaysia, Thailand, Brunei and West Africa,” it noted.
Elaborating on its narrowed net loss for FY2023, the group said it included RM2.6 billion in impairment charges, of which nearly RM1.5 billion is related to goodwill on consolidation while profitability was also impacted by higher foreign exchange losses in 4Q, as the ringgit strengthened against the US dollar.
TalkNumberOne Meow meow where are you? Becareful now old man don’t want to keep himself busy in forum. He must be physically stealing your panties 30/03/2023 5:04 PM
Haha T#1
Mabel has been busy with my Handsome Boyfriends in Hong Kong. Mabel's Kung fu Fighters Alibaba, Tencent and Meituan are doing great.
Earlier Mabel started locking profits with Tencent. Today Mabel also started locking profits for Alibaba, Meituan and ICBC...
Life is so beautiful...
Here the background story
Alibaba's US-listed shares rose +14% the night before while the Alibaba's HK-listed shares opened up close to +15% this morning. Earlier this week, it was reported that Alibaba's co-founder Jack Ma was spotted back in China after more than a year abroad.
The split is the biggest overhaul of China's e-commerce leader since its inception more than two decades ago and could draw support from the China government regulators who have been concerned about the monopolistic nature of the tech giants.
Other Chinese tech companies also rose across the board at market open with top gainers including Tencent around 5% and Meituan around 4%.
Sin Kar Lan thinks a PN17 PLC doesn't need to engage Lawyers to attend Court nor Financial Advisors to "sketch and draw" some make believe Regularisation Plans???
Means they just hire some Form 5 students to do the job??
Posted by SinGor > 39 minutes ago | Report Abuse
started buying at 3.5 sens bcos MIDF was hired to advise on Regularisation plan. If no solid plan why hired MIDF. SAP pays for advise ( not Free ). I think this last impairment Loss really push Bankers to the Edge of 14 Floors window ( take the Hair-Cut or nothing left )
drkelvin20 Why SAPURA so naive to bid project at loss? we all now why,....which bank want to lend money? now government changed , do you think Annuar want to bail out this money sucker? 30/03/2023 7:04 PM
This was done during Shahril's time. The New CEO is smarter and more handsome than Old Man Shahril. The New CEO has stopped taking in loss contract and has started to renegotiate the old contracts..
218 SAPNRG SAPURA ENERGY BERHAD Quarterly rpt on consolidated results for the financial period ended 31/01/2023 Quarter: 4th Quarter Financial Year End: 31/01/2023 Report Status: Unaudited Submitted By: Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
30/03/2023 01:23 PM --------- QR out 1:23 PM before noon market opening during lunch time BLOOODY LOSS >> NO Wonder they RUNNNNNNNNN for their life during afternoon session
Sold this stocks already…few years zero dividend…price from more than 10 cents drop to evem below 1 cent!!!! Hahhahahahaha…cant believe still got people invest in this sinking ship
Sell SapuraOMV is first thing first .....this Qr loss over 300mil ( I thought last Qr 70mil loss is One Time only ) I think within 30days, a Draft copy of Reqularisation Plan should be submitted to Major Bankers ( monthly PN17 announcement )
Shit liao lao sai liao this sapura NTA become -0.18 !!!!!! last year + this year's impairment -8 billion!!!! Provision for impairment on goodwill on consolidation (3,289,934) + (1,463,671) Provision for impairment on plant and equipment (2,103,787) + (1,156,501) gone gone case tutup kedai NTA-0.18
Bon888 For the full year, the group posted an operating profit of RM705mil, a quadruple increase compared to the operating loss of RM2.2bil recorded in FY22.
The operating profit has improved 400% VS last year.
Congratulations Sapura new management! 30/03/2023 8:36 PM
izoklse Amazing result. Good Job Sapula. Dancing in the moon now. lalal alala lalal. 30/03/2023 8:56 PM
Haha Mabel Lady Sapura is getting sooo beautiful every Single Quarters and the Handsome White Knight is cumming soon..
Today is really Double Whammy for Mabel - Sapura Fantastic Result and a repeat beautiful catch at 3.5 sen
Looking forward to collect at 3 sen and 2.5 sen tomorrow. Please continue to sell to Mabel Ya...
Love you Uncles and Aunties. Please continue wearing Superman and Batman panties. Just make sure you save some for us sweet innocent gals next door..
It is getting clear n final, the management decided to dispose it's upstream arm SapuraOMV, it's most valuable asset. The current scenario where oil price is high compare to 2019, is good strategy to dispose to pare debt. Even Austria OMV has the same thought. Pttep n others will be willing to buy over this oil wells. This 50% stake of sapuraOMV shld fetch significantly higher price compared to 2019 ( 3.8 B ).
As long as Shahril and his band of yes-man BOD are purged out, there is hope for Sapura to get back on the right track. Loss making legacy projects and mega debts are some of the incredible mess left behind by the previous senior management. The new CEO is certainly well aware of the issues, the monumental tasks ahead and is prepared to do what is necessary.
When more n more people surface to talk negatively about Sapura Energy, and the price is stagnant, meaning some one is buying big time in the past few days. Only small numbers of traders taking position to trade on the financial result. The big timer are taking opportunity to accumulate this shares. They depress the share price fr 4.5 cent to 3.5 cent. Knowing very well the share price already at bottom. The current upcycle of oil n gas business where upstream activity is robust, paving well for Sapura energy who has 11 drilling asset to deploy and are fully chartered. Outlook is bright for the next 2 yrs. The bankers taking hair cut, suppliers n contractors will be paid in staggered. Consolidate the paid up capital, issue new bonds. And shareholders will have new lease of life. Tmrw will be a big day, hope for the best !
What is the size of their Debts and what kind of Debts structure papers can pay off the Bankers/Creditors? Selling Assets to repay and reduce Total Debts by how much? The Core Assets sold is just like chopping off your kuku, after which you still can be a papa???
Wake up!
QUOTE : Further to the First Announcement and the quarterly report of the Company announced on 30 March 2023, we wish to announce that the Company triggered an additional prescribed criterion under Paragraph 2.1 (a) of PN17 of the Listing Requirements, today. This is due to the fact that based on the figures set out in the unaudited quarterly report on consolidated results for the fourth quarter ended 31 January 2023, the Company’s shareholders’ equity on a consolidated basis is now less than 25% of its share capital, and such shareholders’ equity is less than RM40.0 million.
Yes only a few Brave hearts are taking position to trade on the financial results ...all thanks to our amazing, loyal and dedicated teams of Superman and Batman who loves wearing panties..
It's has been another beautiful and productive day. Looking forward for more tomorrow.
PM Najib was Smart and Visionary…he can smells good business..
I agree with qqq6688...Malaysia will be the laughing stocks to the world that a local O&G Company like Sapura to let it go under. This O&G eco system will be spoilt. It takes long time for Malaysia to build a sizeable O&G company since Renong’s time. Petronas is stronger with record profits last year. They also need player like Sapura. They will help as seen before, by offering faster payment, guarantee to ease Sapura cash flow. Oil majors are boosting exploration projects after securing good profits last year. Outlook is definitely bright for O&G Companies.
Beside the above initiative, there should be a merger between Mabel Sapnrg and Velesto Battleships making biggest O&G company in Malaysia as both are having the same shareholders which is PNB.
Benchmarking: One of Mabel’s Singapore Sembcorp subsidiary, Sembcorp Marine merge with Keppel O&M to form one of the world’s largest offshore energy players, as offshore drilling projects dwindled amid a global transition towards renewable energy. If the merger is approved by shareholders, Sembcorp Marine will buy the entire Keppel O&M stake from Keppel Corporation for about $4.5 billion, excluding legacy rigs and associated receivables.
It did not operate like an oil and gas company. It operated as cash bank and charity center for all kind of purpose and events. It is masked as wealth distribution. Unfortunately the distribution was overdrawn till needing bailout. It is a farcical company. There are numerous such companies operating sickly in Bursa.
Whoever still ride on this boat are brave traders. We dare to face the risk and we have capital to play with this.
One counter earned 300% or 400% already have capacity to play a few counters like this Sapura. Lost 100% in Sapura is not a problem at all but the reward is good enough for me to continue rolling.
I dream about this whole complete drama here, here is my dream: In my dream, Its buying more time and time, so that CEO and the rest can still ride on fat pay, and and do some networking by roping in more and more so call high profile talents in, these talents come and go, also ride on fat pay, and doing so, after this shut down, the CEO can always find next stop through these contacts he hired to Sapura.
The one time impairment, comes one after another, big losses, come one after another, and in between, its shows some improvements for hope, and most of the projects it won are losing projects, and the so call legacy projects contonue forever, and most contracts are money losing contract, at the end, the wole money sucker seek to bank and government to bail out...
Do you think New PM will bail out this money sucker...?
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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....
BobAxelrod33
2,261 posts
Posted by BobAxelrod33 > 2023-03-30 16:59 | Report Abuse
You are IGNORED again.......button on.