If oil stay above USD 75 and above is good sweet spot for Velesto. Continue enjoying the high daily rate. USD 130K per day is damn good already, the return is better than thus high risk high capital FPSO.

This year paid off loan 225 million!
Cash flow generated from operation 383 million.

Finally this is the best ever result since I bought Velesto. 😭😭😭

Wow wow wow Velesto paying dividend first time in one decade!! Small amount but is a good start!

Highest revenue and profit in 10 year.

Congratulations to all Velesto investors!

Repost from TG:

Tahu malu punya Auntie Huang open backdated cheque. Somemore picked a lowest before CNY. Hahahahahaa you got balls post on the date you bought and sell stock boh?

Why not you post bought Nvidia 10 years ago??

Posted by Huangbk72 > 3 minutes ago | Report Abuse

Worth to look at currently with the AI craze.

Im in 18th Jan 24.

Posted by qqq47660 > 2 minutes ago | Report Abuse

I have been thinking of baidu a long time. Tomorrow I hoot baidu

Tahu malu punya Auntie Huang open backdated cheque. Somemore picked a lowest before CNY. Hahahahahaa you got balls post on the date you bought and sell stock boh?

Why not you post bought Nvidia 10 years ago??

Posted by Huangbk72 > 3 minutes ago | Report Abuse

Worth to look at currently with the AI craze.

Im in 18th Jan 24.

Posted by qqq47660 > 2 minutes ago | Report Abuse

I have been thinking of baidu a long time. Tomorrow I hoot baidu

Haha haha the only suiyee is UlarSawa. Hari hari comes here kena conned loh .

That Suay UlarSawa just bought TG maybe before CNY. Haha haha mana tahu no Ang Pow. The only suiyee sucker in I3 conned by me. No one else. 🤣🤣🤣🤣🤣

See now TG suay already starting from Harta posted worstever result after CNY.

Have to force UlarSawa cutlost first baru ada Ong.

Actually nothing new in Auntie Huang still the same dumb, thick face, Tin Kosong Auntie Huang.

Still the same only one kaput stock she bought over last one decade.

Still the same she thick face claim credit from Serbak.

Auntie Huang stripping going to cause a lot of man vomiting 😂😂😂😂😂

Haiyoh Auntie Huang tin kosong invested only one Kaput stock which is PMCorp, one decade over still paper post 22%.!

Now she want to claim credit from Serbak. Have you posted any post when Serbak price was 1.80 boh? Your first post in June 2021, whole market known Serbak already gone case ma.

Nothing to show off ah? Show off Serbak?? Adui muka tebal macam tembok. 🤣🤣🤣🤣🤣

I didn`t claim any credit like you thick face Auntie Tin Kosong. A lot people posted in Serbak, not just you alone Auntie Huang. Tak tahu malu punya bangsat.

Hahahahaha bodoh!!!😂😂😂😂😂😂

This what I posted in Serbak in June 2021. I predicted Serbak`s future, most of the items are correct.

Only you auntie Huang thick face claim your credit. Mike posted more than you also diam diam.

Posted by Bon888 > 2021-06-27 00:33 | Report Abuse

Updated morivae`s story line

1st shot - KPMG red-flagged

2nd shot - half bake answer to KPMG(auditors would not go to ur INED or SC if you management had answer all the questions professionally)

3rd shot - Appointment of independent auditor (This is great move IF KPMG really did wrong, and new independent would solve the problems, atless the share price would remain sideway until the results came out)

4th shot - Legal Suit!!!! (WORST move EVER!!!!)

5th shot - INED resigns

6th shot - EPF resigns

7th shot - New substantial shareholder bought 5.01% shares at new low price, more newbies collected discounted shares at all time low hoping the white knight able to turnaround the situation.

8th shot - Unable to submit audited annual report by due date.

9th shot - ALL resigns

Last shot - Bye Bye SD, most of the newbies bought at the bottom left KLSE and never come back.

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Including UlarSawa and his con siffut.

Posted by ybss99 > 2 minutes ago | Report Abuse

The NETX....CONMAN C RECOMMENDED FOR MANY YEARS..

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I put RM 112K bought at 0.0375, 3 million shares.

Let's say probability of delisting 40%, Survived 60%.

If dropped to 0.02, I cut lost at 0.02
Lost = 0.0175*3000000 =52.5k

If gone up to 0.07, I cut win at 0.07.
Gain = 0.0325 * 3000000 = 97.5k

The statistical expected value =
40%*(-52.5k) +60% (97.5k)
= 37.50k

So the winning odds is worth for a bet.

Machines depreciation useful life maybe just 5 years. How about factory building?

Kossan Q2 report

"Recognising these challenges, the Group had embarked on a capacity rationalisation exercise in FY2022 to be more efficient and lower operating costs where we decommissioned two older plants (14 years and 19 years respectively) with a total capacity of 3 billion pieces"

But I can't find any impairment cost for this. Anyone could explain this?

I have been telling all, I'm speculating on survival of Sapura Energy. Survived I made money, delisted I cut lost before delisting. As simple as this. The winning odds is high because the PNB is behind, Government is behind and PMX`s rakyat is watching.


I don't care in future Sapura Energy making profit or not. Most likely No.

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Who started flagging this morning ?

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Thank you Sslee for sharing the good news.

Good news #1

The share price before consolidation is minimum worth0.05, not 0.035. The negotiation with Bankers is going on it is logical to valuate the settlement using the latest share price.
Good news #2:

Bankers / MCF creditors will be onboarded the same boat like the existing shareholders. Bankers / MCF creditors would not like to see the share price drop below RM 1.00. Of cause they will ask their IB write some good IB reports for Sapura Energy.



Posted by Sslee > 1 hour ago | Report Abuse
The proposed share consolidation would see, among others, 20 Sapura Energy shares converted into one. The company will then issue 500 million shares at RM1 each to its MCF creditors as part settlement of the amount owed.

If you read above it mean after share consolidation of 20 to 1 and issue 500 million shares at RM1 each to its MCF creditors as part settlement of the amount owed.

So the proposed scheme value the current share price is 5 sen.

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This RM5.73b should be entire stake of SapuraOMV. Sapura Energy own 50% of SapuraOMV

So statement formula:
Payoff 4.75b immediate due debts:

White Knight 1.8b
Sapura OMV disposal 2.865b
Total 4.665b

Another RM 0.085B or RM 85 million only coming from internal generated fund, Sap Sap water lah!!


Mubadala, Inpex among suitors for SapuraOMV in RM5.73b deal, say sources.
https://theedgemalaysia.com/node/686999

Ladies and gentlemen!!!

Sapura Energy today RM 0.055 up 22.22%. This 22.22% was carefully planned by sharks since yesterday purposely push the price to RM 0.045.
Today they presented to you this nice 22.22% gain!!

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Disposal of Sapura OMV alone with value RM 5.73B sekali gus settle the problem.

Sapura Energy will be out of PN17 soon !!!!

Earlier settlement formula stated below Sapura OMV disposal 2.3b but now if
Sapura OMV latest bid with RM5.73b look like white knight cash injection also not required anymore!!
The settlement formula is very simple:

Payoff 4.75b immediate due debts:

White Knight 1.8b
Sapura OMV disposal 2.3b
Total 4.1b

Another 0.65B or 650million from earnings and internal generated fund.

Fuyoh 0.05 sell Q all kena sapu habis after this news out:

https://theedgemalaysia.com/node/686999

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