Suddenly, there are many large buy orders at the price of 17 cents. Previously, there were none. This indicates that someone is interested in accumulating shares.

There's been a sudden spike in trading volume. Many lots were bought at 17 cents, as we discussed.

It's your choice if you want to play the timing game. You might try to pinpoint a bottom and get lucky, but I'm not skilled at bottom fishing—it's not my strategy. Once they've finished accumulating (which is unknown to everyone), they'll likely remove all the obstacles and resistance at 18 cents and 20 cents, allowing the share price to rise smoothly.

I doubt the operator will flood the market with shares, allowing others to buy at low prices. If MINETEC has a significant development underway, I don't think the operator will allow retail investors to buy at a discount. It seems they've been accumulating shares steadily, particularly below 20 cents, based on my observation.

We're all speculators at heart. We invest in the stock market because we enjoy speculating. Whether it's anticipating good or bad quarterly reports, speculating on new projects, or pondering various possibilities, speculation is what drives us.

This is the essence of making money in the stock market: positioning yourself early, establishing your investment thesis, and determining your entry and exit points. If your thesis proves correct, you stand to reap significant rewards.

It's not about constantly shouting "BUY BUY BUY" when a stock is about to hit its limit up, or "SELL SELL SELL" when operators are dumping shares. It's about strategic decision-making based on your analysis and conviction.

Remember my name. I was the first to speculate about this new direction for MINETEC. Only time will tell if my speculation is accurate or not.

If these projects come to fruition, MINETEC stands to benefit significantly. Revenue from these two ventures could propel the company to generate billions of ringgit in revenue annually.

These developments signify a structural shift for the company, marking the emergence of MINETEC's new core business.

Here's my speculation:

Three major projects seem to be on the horizon for MINETEC:

Submarine cable projects
Data centers for artificial intelligence
Hydropower plants

Here's my speculation regarding MINETEC: Abang Izzarim's acquisition of MINETEC suggests a potential integration with IRIX Sdn Bhd.

IRIX specializes in subsea cable manufacturing, particularly submarine cables. According to Abang Izzarim's recent interview, his focus is on telecommunications and digital infrastructure projects.

Based on this, here are my speculations:

MINETEC could venture into submarine cable projects, particularly for transferring green energy electricity to Singapore from renewable sources like hydropower. This could lead to a collaboration where Singapore invests in data centers in Sarawak in exchange for energy.
MINETEC may also engage in digital infrastructure initiatives, such as building data centers for artificial intelligence applications. Sarawak's goal of establishing 5 Tier IV data centers aligns with this speculation

https://www.thestar.com.my/business/business-news/2024/01/27/injecting-new-energy-into-minetech

https://www.thestar.com.my/business/business-news/2024/01/27/injecting-new-energy-into-minetech

https://www.thestar.com.my/business/business-news/2024/01/27/injecting-new-energy-into-minetech

In his recent interview, Abang mentioned that he had given himself a six-month probation period to implement changes, introduce new ideas, and adopt innovative approaches for the benefit of SCIB. However, due to differences in business direction and visions between SCIB and Abang, he decided to step down.

Regarding MINETEC, Abang stated that he is focusing on telecommunications and digital infrastructure projects. Once a collaboration or deal is finalized, he will announce it on BURSA.

you can refer to his interview with STARBIZWEEK 27 January 2024

Investing in SARAWAK-themed companies is clearly promising. Just like in Johor where you have stocks like YTL, IWCITY, UEM, and others related to property due to the rapid development in Johor City.

However, in Sarawak, there aren't many companies directly linked to the region, except for those from the ex-TAIB era. One notable exception is MINETEC, given that Abang Jo's son is the owner. Another one is KKB, well-known as a GPS-related counter.

The majority of other stocks are heavily associated with TAIB or the Karim scammer, making them less attractive for investment.

That's the challenge with timing. No one knows when the operator will decide to push the price. Even if you manage to catch a bottom or top once or twice, it's largely luck. The real issue arises when the share price starts moving significantly, and you end up missing out.

In cases like this, it's often best to hold and refrain from taking action. If the price declines, you can consider buying more. If you don't have the funds to buy, just wait patiently.

Sarawak's energy sector is experiencing significant development. MINETEC currently holds a market cap of 300 million. Just last month, they secured a contract worth 250 million, equivalent to the entire market cap.

Imagine the impact if Abang secures a billion-dollar project for MINETEC in Sarawak. The company's topline and earnings could skyrocket.

Yes, you're correct. When Abang joined SCIB, his aim was to eventually take over the company. However, because SCIB and his vision didn't align, he left.

Abang then chose to get involved with MINETEC, acquiring a majority stake and negotiating with the previous owner to step down. The ESOS you saw earlier was part of this agreement.

Now that Abang has secured his position, all that's left is to wait for more projects to come to MINETEC.

Does anyone here know about charts? Maybe you can suggest others when to buy more shares? I think everyone here must be interested in this stock, or they wouldn't be on this forum.

No one can say for sure how long Abang will stay in MINETEC. He's the majority shareholder now, meaning he owns the company. If he decides to leave, someone else would have to buy from him.

But, I don't think Abang is foolish enough to take over as majority shareholder only to leave after six months. If he wanted short-term gains, he wouldn't need to become a majority shareholder; he could trade in other stocks for quicker profits.

Abang's position in MINETEC indicates his commitment to the long term and his intention to benefit from the SARAWAK Abang Jo era. That's my perspective.

Abang must have big plans for MINETEC. Why else would he spend so much money to become the main owner and replace the old management?

Check out the chart, find your way in, and wait calmly.

I'm not the best at understanding charts and predicting short-term price movements. I'm not sure about the best times to buy or sell. Is 0.165 the lowest point? I really can't say. It could be, or maybe not.

However, I really think MINETEC is changing for the better in 2024. Just look at the huge contract they just landed—it's as big as the company's whole market value! They've never managed to secure a deal this large before. So, I believe this marks the start of a major positive change for MINETEC.

Just a reminder, last month MINETEC got a huge contract extension worth RM250 million, which is as big as its entire market value. And that's just for the engineering part of their business.

I think MINETEC will get even more projects soon, especially with the Sarawak Renewable Energy plan coming up.

The next quarterly report's results, whether they're good or bad, won't really change things much for Minetec. It's important to look at the bigger picture, not just one report. Abang just became the boss of MINETEC last month. There's not much anyone can do in just one month to make the next report look great.

We should really be paying attention to what's happening in Sarawak. Minetec is going to do well because of these changes. The old days under Taib are done, and now it's Abang Jo's time. It's smart to invest in companies that will grow with Abang Jo's plans. That's the way to go.

BUY & HOLD

This forum has become overly negative and toxic. That's why I haven't commented here for a long time. There's a lack of genuine discussion, only mockery and trolling. Individuals who haven't invested in Sapura Energy continuously trolling those who have.

I fail to comprehend the motive behind this behavior. What benefit do individuals gain from such actions? There's a whole real world beyond this forum, yet some individuals have been stuck here for over a year, regurgitating the same content.

Ironically, the ones truly STUCK are those who spend their entire day commenting here, lacking a life outside this forum. What a nerd

The successful debt restructuring with banks holds several positive implications for SAPURA ENERGY:

1. Financial Stability
2. Creditor Confidence
3. Operational Continuity

SAPURA ENERGY is on track to exit PN17 status, and this development is expected to drive a positive movement in the share price as investors anticipate this significant milestone.

STAY FOCUS

Greetings fellow shareholders. Please refrain from engaging with individuals exhibiting a narrow mindset such as BobAxelrod. Let's stay focused, we're making good progress. =)

Hi fellow shareholders.
Reply with "Hi" if you happen to be a shareholder of Sapura Energy. =)

Individuals who aren't shareholders and those who engage in trolling often lack awareness of the company's latest developments, unlike us. Their knowledge seems confined to SAPURA ENERGY's 15 billion debt, PN17 status, RO expired, delisting, RIP and other negative aspects.

In contrast, we focus on staying informed about the Reset Plan's progress, advancements in debt restructuring, ongoing business operations of Sapura, and various other relevant updates.

STAY FOCUS

That concludes my message. I won't be posting any more. Soon, the trolls and non-shareholders might label me a scammer, hahahah.

I suggest that ALL SHAREHOLDERS ignore the scammers.
Let them make noise on the forum while we remain silent.

I'll provide updates from time to time.

The majority of SAPURA ENERGY key assets have secured charter contracts, implying that it should be generating profits. Additionally, all the previous contracts that posed challenges, mainly due to low margins or other issues, have been successfully renegotiated.

This is indeed a positive development, indicating that SAPURA ENERGY is effectively implementing its RESET PLAN.

I have a strong intuition that Sapura Energy will soon exit its PN17 status. This could potentially serve as a significant catalyst for the upward movement of the share price.

Hello, fellow shareholder! I hope you're having a great day as well.

As of now, there hasn't been any recent update. You can refer to the CEO's latest statement where he mentioned that Sapura Energy Bhd is in the final stages of completing its restructuring scheme with lenders and trade creditors.

I shared with our fellow shareholders last week that the restructuring scheme with the creditors has been finalized. The banks have agreed to a haircut and an extension of the payment period.

We should keep an eye out for an official update from the management in the near future.

=D

=)

In the Sapura Telegram Group, I came across a scammer who goes by the name "CANYON."
This individual is exceptionally bothersome and frequently instigates conflicts with shareholders within the group.
Upon investigation, we discovered that he had cut his losses at 0.035. It's no surprise that he's excessively pessimistic about Sapura Energy and consistently trolls shareholders in the telegram group.

What motivates someone to act in such a way? If you've cut your losses, it's best to move on. So why linger in the group? And if you choose to stay, why engage in trolling other shareholders?

Interestingly, this CANYON character quietly LEFT from the Telegram group after Sapura Energy gained a remarkable 70%! Hahahaha.

One day, I will, I promise, I will reveal my true identity and the number of shares I own in Sapura Energy.

The reason I actively share updates here isn't because I'm just a shareholder like all of you, but because I'm tired and frustrated by the continuous trolling of shareholders by scammers in this forum.
It's our money, so why should they care so much?

If you're a regular reader of the SAPURA forum, you're probably familiar with me. I've been here from the very start, continuously standing up against scammers like Bob, Huang, OKU, i3lurker, DickyMe, and a few others.

Sometimes, I provide valuable updates and reasons why you should consider buying or holding onto your Sapura investment.

Navigating this counter has been a challenging journey. If you're not prepared to fight, dealing with a PN17 counter like this is quite a different game altogether.

2 months ago

I have noticed that my comments are being read by many individuals, and some of you have even shared them in Telegram groups through copy-pasting or screenshots. I am an active member of the SAPURA TELEGRAM group, and I am aware of the discussions and opinions circulating there. I want to express my gratitude to those who find my insights beneficial, especially during these challenging times.

I want to clarify that I do not urge people to buy more shares every day. My intention is to provide support and guidance to SAPURA ENERGY shareholders. As a community, we may feel isolated as there is limited coverage from investment banks or other sources. External perspectives often paint a pessimistic picture for SAPURA Energy.

My presence here is to offer my unwavering support and share valuable insider tips (though not everything, just selected information) to assist shareholders and provide them with a sense of comfort. It is essential to remain cautious and not be influenced by those who advocate for cutting losses prematurely. Let's stay united and focus on making informed decisions based on reliable information. Together, we can navigate these challenging times and work towards a brighter future for SAPURA ENERGY shareholders.

Few Months ago....

SELL and CUTLOSS NOW! Delisting, Winding up soon! RO will not extend, Bankers want to liquidate!!
RO expire
RO expire
RO expire
RO expire

Few weeks ago after RO extension....
RO extension is bad. stuck for 9 months. SELL! SEL!!!


This week....

Sapura truly just a mediocre investment. 70% gain is nothing. Shark going to eat you alive. 0.03 soon bla bla bla
Its always 3.5 to 6 and Suiyee Sucker Bilis buys 6. Horrors!! This round very few people bought 6! Sharks are stuck
____________________________________________________________________________________________

Lesson learned: Trust the advice of experienced investors like DatoT20, Mabel, and our fellow shareholders. When it comes to owning Sapura shares, it's wise to heed the guidance of knowledgeable individuals. Rather than paying attention to trolls or those with limited resources, focus on the insights of those who understand the market and have a stake in it.

I write this to fellow shareholders 1-2 months ago.

Dear fellow shareholders,

I hope this update finds you well. It has been some time since I last shared information with all of you, and I believe it's important to keep you informed about recent developments. Please note that the following update is specifically intended for shareholders, and if you have a negative outlook or encourage others to cut losses, I kindly request you to refrain from reading further.
________________________________________________

Sapura Energy is currently undergoing a significant development in its restructuring efforts. According to the information I have received, there are several key elements involved in this process.

Firstly, there will be the establishment of a Special Purpose Vehicle (SPV) to facilitate the restructuring. This SPV will likely involve the collaboration of the government and Petronas, the national oil company of Malaysia.

Additionally, there is news about a potential golden handshake from the government to support Sapura Energy's restructuring. The details and extent of this arrangement are not yet fully disclosed.

Another important aspect is the involvement of CDRC (Corporate Debt Restructuring Committee), a team associated with Bank Negara Malaysia, the central bank. They are reportedly working internally to ensure a smooth restructuring process for Sapura Energy.

As part of the restructuring plan, there is a proposed injection of RM1.8 billion into the company. Also, approximately RM0.8 billion in loan will be allocated for repaying existing loans.

These developments are considered as internal measures and can be seen as a form of bailout to support the company's sustainability.

For the creditors, it is expected that there will be a haircut of more than 50% on the outstanding debts. This means that creditors will need to accept a reduction in the amount owed to them.

The urgency to prevent Sapura Energy from going bankrupt is evident, and efforts are being made to settle outstanding obligations to creditors in a timely manner. As part of the deal, creditors have the option to accept a 60% haircut and receive the funds promptly. However, if they choose not to agree, they may have to wait for the process to unfold, which could potentially take a significant amount of time.

It is crucial to monitor further updates and official announcements from Sapura Energy regarding the details and progress of this restructuring plan.

Regards,
DatoT20 (Sapura Shareholders, Diamond hand, Skin in the game, AkuYangBeliKauYangPANAS)
__________________________________________________________________________________________________________
LATEST UPDATE!

After a series of constructive negotiations with its creditors, I have been informed that SAPURA ENERGY has reached an agreement with the banks (MAYBANK is the largest Creditor) regarding its debt restructuring plan. This achievement reflects the company's commitment to resolving its financial constraints and optimizing its financial structure.

PNB and MAYBANK can team up to help SAPURA ENERGY with its Debt problems.

Who's Who:

PNB (Permodalan Nasional Berhad): They own a lot of SAPURA ENERGY's shares, (Majority shareholder)
MAYBANK (Malayan Banking Berhad): They lent SAPURA ENERGY money, and now they want it back. (Creditor)

Because PNB owns a lot of the company, they have the power to talk to both SAPURA ENERGY and MAYBANK. They can help them work together to find a solution. PNB can make sure that both sides feel good about the deal. This way, SAPURA ENERGY can solve its debt, and MAYBANK can get their money back.

i3lurker is Sapura truly just a mediocre investment?
Then what brings you to this forum?
Are you spending your time in a forum for a mediocre counter? Or are you here to scam?

When SAPURA's value climbed from 0.035 to 0.06,
And I persistently advocated for shareholders to HOLD rather than CUT, it's quite evident that I'm not a scammer.

The real scammer is the one who advises people to cut their losses at rock-bottom prices, just like you.

Hello Michael R.!

Do you believe these scammers actually told us to cut losses just so they could benefit? Nah, I highly doubt it. These types of scammers on i3 don't seem capable of being stock manipulators. They're financially limited, probably can't even afford a simple nasi lemak for breakfast.

They're not in a position to buy SAPURA ENERGY SHARES. They've already cut their losses at the lowest price point. Their resentment is evident. They likely don't want SAPURA to make a recovery because that would be even more detrimental to them.

Is a 70% gain over 4 months considered a mediocre investment?
Say whatever u want, but remember, you chose to cut your losses at the lowest price point. No need to be so upset with us. Hahaha =D

I still remember when i3lurker, OKU, Bob, and Huang posted about an inaccurate Sapura Shareholders list. They shared a website claiming that PNB had sold its stake in SAPURA ENERGY.

In response, I countered your argument by providing a screenshot from my Bloomberg Terminal, clearly indicating that PNB still held 40% of the shares. Your response? You dismissed my Bloomberg data as fake, and you even had a good laugh about it.

Regrettably, your comments led some Sapura Energy shareholders to cut losses at rock-bottom prices.

Hey there, i3lurker! Are you still around?????????? Where were you when SAPURA ENERGY's share price went from 0.035sen to 0.06sen, a gain of 70%???????

You used to label me a scammer whenever I encouraged shareholders to hold onto their shares. I distinctly recall the time when SAPURA was trading at 0.03/0.035. You and your pals had a good laugh at our expense. You trolled us relentlessly. Thankfully, I didn't fall for it and managed to gain 70% despite your negativity.

It's a bit disheartening to think about the other shareholders who heeded your and Bob's advice.

I've been actively challenging scammers on this forum for the past few months. Individuals like Bobaxelrod, Huang, OKU, and DickyMe are consistently posting in the Sapura Energy Forum, urging shareholders like us to cut losses at 0.035 & 0.03.

It's apparent that they likely cut their losses after purchasing at higher prices than us. We, the new shareholders, managed to buy SAPURA at the bottom price. Our investment cost is significantly lower. We made the decision to invest when everyone else was advising us to sell our shares.

The successful debt restructuring with banks holds several positive implications for SAPURA ENERGY:

1. Financial Stability
2. Creditor Confidence
3. Operational Continuity

SAPURA ENERGY is on track to exit PN17 status, and this development is expected to drive a positive movement in the share price as investors anticipate this significant milestone.

After a series of constructive negotiations with its creditors, I have been informed that SAPURA ENERGY has reached an agreement with the banks regarding its debt restructuring plan. This achievement reflects the company's commitment to resolving its financial constraints and optimizing its financial structure

I have been informed that the negotiations between SAPURA ENERGY and banks have been successfully concluded

Mana Bob? mana Huang? mana OKU?
3 beruk ni saya masih ingat.