On 30 January 2019, kps drew down RM300.0 million from the RM500.0 million Islamic Medium-Term Note Programme to refinance the Group’s existing borrowings RM 611m. The objective of the refinancing is to reap savings arising from relatively lower financing costs as well as to optimise the cashflow management of Perangsang Selangor due to elongation of the principal repayment.

Cash and cash equivalents of the Group increased to RM166.4 million as at 31 December 2018 as compared to RM79.0 million the year before. This was due to higher cash balances at CPI and KPS-HCM.

Therefore, the upfront splash disposal 570m will boost Kps exiting cash hoard to 736 m. As 300m of 611m borrowing just refinance, thus, if Kps wanna to pare down further balance borrowing total 311m, it still have cash balance 425m. Therefore, Kps can afford to payout at least half of these cash as special dividend 40sen/share and reserve another half for business expansion.

Kps cash flow will keep increasing over next 9 year from installment 22m annually from balance splash disposal.

In the latest just release annual report, page 34 state clearly use of cash proceed to reward shareholder

Upon completion of the divestment, Perangsang Selangor stands to receive RM570.0 million cash in addition to nine annual instalments totalling to RM195.0 million. The cash proceeds will be utilised for paring down debts, financing future acquisitions and distributing dividends to shareholders.

Selangor state government control 63.4% in KPS via KDEB 57.9% and PKNS 5.5%. The LTH control another 3.9%. All these GLC are key beneficial on KPS special dividend soon.

Very informative and detail annual report presented by KPS.

special dividend to announce very very very soon,

we are also always aligned with optimising shareholders returns. If you look at KPS, historically, whenever we have divestments, there will be special dividends,” says KPS CEO Ahmad Fariz Hassan.

https://www.theedgemarkets.com/article/kps-moving-without-splash

Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of Perangsang Selangor, save for the Interested Directors, wishes to announce that the Conditions Precedent in the SPA has been fulfilled on 22 April 2019 and the Offer has now become unconditional.



Following the above, SPLASH Holdings, being a 30% associated company of Perangsang Selangor, had on 24 April 2019 received the Upfront Sum of RM1.90 billion from Air Selangor. As such, the Offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019.

Very very very soon, either today or tomorrow.

Added more kps at 1.53

bought unimech at 1.09

sold back bjland at 23sen, locked profit frist

sold back T7 at 51sen first

sold back all sapura at 33sen, locked all profit first

Velesto already rebounding, sapura will following soon

Oil rose to the highest level in almost six months as the US government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.

https://www.thestar.com.my/business/business-news/2019/04/23/oil-jumps-as-us-plans-to-end-iran-waivers/

Technically, uptrend

courting down time for splash completion

bought T7 at 50.5sen

Brent crude oil up nearly 3% to USD 73.6 now

bought back bjland at 22sen

bought back sapura at 31.5sen

be patient, courting down time to seal splash disposal deal.

Skytropolis Indoor Theme Park in Genting Highlands, Malaysia

https://www.youtube.com/watch?v=5BtWcPvykyo

GENM current depress share price is now strongly back support by its net assest worth RM 3.22, dividend total 19 sen, yield 6%. Many negative factor are mostly price in, therefore further downside risk is very minimum.

In contrast, GENM may even able to reverse some of these negative factor into catalyst such as US tribe reaffirmation right by current US congress hearing to reinstate first light casino.

Another catalyst is upcoming GENM exercise its option to commence outdoor theme park either through arbitration settlement or Genting team partner Universal to take over or man-over to abolish fox feature and run own outdoor ride etc.

Add more GENM at 3.20

add more kps at 1.49

bought Genting at 6.79

bought GENM at 3.23-3.24

sold back all naim at 1.17

sold back all dayang at 1.36

sold back all hibiscus at 1.12

add last batch of capital to dayang at 1.39

bought naim at 1.18

bought hibiscus at 1.09

Bought back Dayang at 1.34-1.35

Sapura deliver disappointed result.

Sold back Sapura at 34-34.5sen and Sapura-wa at 14sen, locked all profit, free up all capital

Sapura energy still lagging behind sapura-wa, both MUST go up together in order to sustain uptrend.

Sapura -WA need sapura to go up in tandem to sustain sapura-wa momentum upward, so that sapura-wa can continue keep breaking record high.

Sapura Energy 3 core business

1. Engineering and construction (E&C) 100%
2. Exploration and production (E&P) 50% : 50% OMV
3. Drilling 100%, but, sapura is in the midst to unlock drilling value, by replicate to (E&P) business model through collaborate and form strategic partnership either via divestment or outright disposal of part of its drilling business.


Remark: Sapura currently have 16 assets under its drilling business, comprising 8 semi-tender rigs and 8 tender assist rigs, with an average of 15 to 20 more years to go. drilling Likewise to E&P have incur substantial impairment previously, once form strategic partnership, assets will value base on latest enterprise value, it will result a significant write back on earlier impairment, boost back sapura intrinsic value.

Sapura-WA leading fast, sapura energy need to catch up too :D)

Just be patient ya, Q4 result soon will release anytime now, sapura to record very handsome profit on 50% divestment gain to OMV, sapura share price will surge to reward shareholder handsomely.

On behalf of the Board, the Joint Principal Advisers wish to announce that the Proposed Transaction has been completed today following the fulfillment of all agreed conditions required for Closing. With the Closing, the Shareholders’ Agreement has become effective today.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6057405

Remark: the divestment 50% stake in sapura upstream to OMV have completed. the divestment gain RM 2.7 billion or 15sen/enlarge share will be reflected in upcoming Q4 result to be release by end of these month.

These upcoming Q4 result will be MAJOR CATALYST, to record MASSIVE gain RM 2.7 billion from divestment 50% sapura upstream OMV, as much as 15 sen/enlarge capital volume.

Sapura still retain another 50% sapura upstream, therefore, sapura will continue enjoy oil and gas earning

Sapura-WA is portfolio BIGGEST stake, follow by sapura energy. Two giant wining stocks.

Sapura-WA fast running ahead :DDDDD)

Sapura energy D-day is due to coming VERY soon :D)

The oil market will soon swing into undersupply, supporting Brent crude above $75 a barrel,

1. OPEC has the determination and capability to further tighten the market with output cuts.

2. Sanctions on Iran tightening after a key deadline to extend import waivers by only roll over waivers for China, India and Turkey in May and tighten exemptions for Japan and South Korea.

3. The output disruptions from Venezuela will accelerate due to country power outages and U.S. sanctions on state oil giant PDVSA.

4. U.S. Fed To Hold Off Rate Hike Until end 2019, easing USD strength. Weaker USD currency offer higher demand for Crude oil which is denominated in USD,

sapura energy synergy collaboration with OMV, to 6 fold increase production volume from 10,000 boe/day to 60,000 boe/day in 2023, a massive EPS growth ahead to propel sapura share recovery

https://www.youtube.com/watch?v=cc5i6XtKRXM

Sapura energy, the largest independent oil and gas service provider, offer end to end service by cover entire oil and gas upstream value chain.

https://www.youtube.com/watch?v=XK6cyS4-Tuc

油气股掀炒风·沙布拉成交量破17亿
即时财经

油气股最近炒风极盛，交投向来热络的沙布拉能源(SAPNRG,5218,主板能源组)更是势不可挡，短短半个月成交量已突破17亿股，在马股918只股票中遥遥领先。

《星洲财经》整理的数据显示，截至周四(14日)，沙布拉能源本月已有14亿6005万股易手，加上周五(15日)上半天的2亿7574万股，成交量飙上17亿3579万股。

沙布拉能源交投炽热，股价也从2月底的31仙涨至目前的36.5仙，上扬了5.5仙或17.7%。

沙布拉能源WA(SAPNRG-WA,5218WA,凭单)也“子凭母贵”，半个月内从10仙走高到14仙，已上升4仙或40%。

大马投行表示，随著沙布拉能源18亿股未被认购的附加股已被包销商悉数售出，不利效应已缓解，加上盈利前景开始改善，以及脱售资产后负债大减，因此上调该股评级和目标价。

沙布拉能源已完成40亿令吉附加股计划，该行较早时担心有18.5%或18亿股未被认购，但随著包销商马银行投行、联昌投行和兴业投行完全售出股票而未造成任何重大股价波动后，此忧虑已告消散。

该公司在完成以16亿美元脱售上游业务的50%股权给澳洲OMV公司后，利息成本大减，预料2020和21财年净利将增加2.2倍和46%，2020财年负债比也将从1.7倍降低至0.5倍的舒适水平。

有鉴于此，因此大马投行决定将沙布拉能源的目标价从30仙调高至50仙，评级也上调至“买进”。

“Our earlier concerns on the 18.5% undersubscription or 1.8 billion ordinary shares out of the RM3bil rights shares issued at 30 sen a share on a five-for-three basis have been alleviated as the underwriters Maybank Investment Bank, CIMB Investment Bank and RHB Investment Bank have completely disposed of the shares without causing any significant price swings,” it said in a research note.


https://www.thestar.com.my/business/business-news/2019/03/15/aminvest-research-upgrades-sapura-energy-to-buy-ups-target-price-to-50c/

Super BULLISH