All Comments on SAPNRG Reload

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Aliff Fahmi
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sapura huge asset already sell off...business no more..no more making profit company.. but debt still a lot billion2...need goverment support now to cover the balance billion2 debt..no choice if no support sapura will be delisted soon
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Zhulfat Zhulfat
Dindong...dindong but l x paham apa pun....huhuhu..sapnrg dh buat l slow in thinking..
Like · 3 weeks · translate
Hong Chew Eu
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As a value investor, I look for turnarounds. These are companies whose market prices had tanked because of some business issues that I considered temporary and could be overcome.

Bursa Malaysia Sapura Energy fitted this bill in 2018 after being the darling of the stock market a few years earlier. It faced declining order books due to the declining oil prices. This is a company where there is a strong correlation between crude oil prices and its performance.

https://i.postimg.cc/7hwb6Kv1/Sapura-crude-correlation.png

Crude oil prices are cyclical and I thought that the company was sound enough to outlast the downtrend leg of the crude oil price cycle.

Over the next few months, I built up my investment to end up with an average share price of RM 0.39 per share. Sapura had a book value then of RM 0.87 per share with a NTA of RM 0.37 per share. Ya, this is a company with a lot of goodwill and other intangibles.

You would have thought that there was enough margin of safety to ride out the storm. Analysts were projecting target prices above a Ringgit at that juncture.

Anyway, the downtrend leg of the oil cycle lasted longer than anticipated. Sapura continued to bled so that today, it had written off all the intangibles and is trading at RM 0.05 per share.

The company is still looking for a sustainable turn around. And I suspect it will have to undertake a debt and equity restructuring scheme to come back. This means haircuts for creditors and shareholders. This is a bet gone wrong and I will probably not be able to recover my investment.

Moral of the story?

Catching falling knives can be dangerous but if you succeed, you have a multi-bagger. But if you fail, it must be part of a good portfolio so that the gains from the others more than offset the losses you suffer. Sure I have such a portfolio. But this does not stop me from regretting my investment in Sapura Energy. https://www.i4value.asia/2024/05/is-sapura-energy-value-trap.html#more
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King Ianflamming56ou
sounds like ....Las Vegas....kekeke
2 Like · 4 days · translate
Afiffuddin Abdul Aziz
4 Like · Reply
Good atau Bad news pon Mmg xleh gerak selagi xkluar pn17.
Saparuddin Saparuddin
yes..will fllyyy
Like · 4 days · translate
King Ianflamming56ou
ne sapura Spencer...kontrak manyak...belanja lagi mantap...kekeke
Like · 4 days · translate
Focus Me
4 Like · Reply
hanya akan naik bile umum keluar pn17..selain dari tu, price xkan berubah..
King Ianflamming56ou
ne gila bee....atas ne... habis
Like · 1 week · translate
King Ianflamming56ou
苦头疯一到,死鱼变咸宜...run liao
Like · 1 week · translate
david low
1 Like · Reply
Tunggu lagi 5 tahun
Khairul Mohamad
3 Like · Reply
esok kasi 0.10 la bro. lama da sangkut ni
King Ianflamming56ou
besok....Sheila on 7 ....kekekr
1 Like · 1 week · translate
Malaysia Food Hunter
yeahhhh esok
Like · 1 week · translate
Revolusi Ben
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pung pang pung pang....share tidolah, kene sumpahlah, sekali gov ckp support,roket ke langit..kiki...dlm punb tu, xkan nk buang duit..huhu
Killme Camper
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conso 30:1 pssibly in planning....after that will be next rising star
虎头蜂
最后上车了。。。。。。。
Like · 1 week · translate
kangkung belacan
2 Like · Reply
contract usd1.8 Billlion .... perghhh.
kangkung belacan
imagine next 5 years , this shareholder become millionaire , from 0.04 to 0.50 per share.... just imagine, might be become true or not :)
Like · 1 week · translate
Hatta Hassan
keluar dari PN17,baru boleh sembang kencang Sapura ni
Like · 1 week · translate
Hdi Top
1 Like · Reply
Kontrak 8 bilion pun tak mampu merangsang apa apa. Berapa biliunnn kontrak baru boleh nak gerak 0.055sen
faris zikri
Sapura oredi hangus. Kontrak byk , tapi still xleh nk cover hutang. No hope already
Like · 1 week · translate
Focus Me
bru dpt contract bkn dpt profit lg..kan dlm new dh ckp sekurang2 nya jan 2025 bru akan nmpk profit... announcement ni x menggugat share price..share price buat masa ni bgantung dgn jual beli share..
1 Like · 1 week · translate