After receiving approval from AGM if PNB agrees, we hope a positive outcome for the shareholders

Do you know why Michael can be investigated by SC of his insider news or spreading rumours of false information if lodged a complaint?

He simply quoted as everyone knows that this counter currently incurred at a loss with continued huge profit for last three quarters by simply saying 50 to 1 or 20 for 1, then right issues 3 for 1 or 10 for 1 to create market panic. SC should stop this kind of nonsense. So Michael is still very loud and doesn’t know the consequences.

Michael KOK simply spreads misleading rumours which are offended to SC rules. Someone should forward his insider news for sc to investigate

Whatever anyone provided conspiracy theory, the operator unloaded shares after 2.30 session

Better winding up sapura holding as fast as possible then SAPNRG can remove the outstanding liability from them and clean backlog. Hopefully someone can follow up about holding company latest court order

No force selling for yesterday and today with so heavy shares due, who picked up?

The announcement to replace company secretary and removed old one is a good sign to the company future in term of share price performance

If u buy from seller when someone tell you to buy, the sellers are 68. When share due and want to sell back, the butcher buyers are 68 also

Good point and asking the opportunists don’t come over. So far a group of players from AffinHwang (broker code 68) enjoy making profit within half a cent which is more than 12% profit. If you no holding power, please don’t buy sell

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY") SALE AND PURCHASE AGREEMENT ("SPA") BETWEEN NUSAJAYA HEIGHTS SDN BHD ("NHSB") AND SUN SAKURA SDN BHD ("SSSB") FOR THE SALE OF 538 SUBDIVIDED PLOTS (FORMERLY KNOWN AS PART OF HS(D) 580319 PTD 208515) IN MUKIM PULAI, DISTRICT OF JOHOR BAHRU OR ISKANDAR PUTERI, JOHOR FOR A TOTAL CONSIDERATION OF RM86.4 MILLION SIGNED ON 19 MAY 2023 ("ISKANDAR SPA 1")


Next quarter should announce from this result

Thank you so much to share your information and now Bcorp chairman is no more Tan Sri V Tan

Good news should come gradually

After AGM, the newly appointed Directors and management can make decisions on new policy and strategy for the restructuring process

RM$1.3m can buy all the 4 Sen outstanding positions, so operator doesn’t want to take action and waiting some positive news leaking out then see how. July quarterly results will surface before the end of September. Now 😴😴😴

He is not Goreng King and he does a lot of charity work, including share price up for investors to unload or make profit

Vincent Tan is no more as a Chairman of Bcorp. He is just an investor only

This amounts of loss is Peanut for PNB

It is a good move

If the disposal was not for ma-chai, then it was intended for PNB to reshuffle the unit trust holding by the Amanah Saham Bumiputera portfolio to avoid any confusion during the restructuring period

100m shares only worth 4-5 million ringgit

Syndicate bought to position for trading in future if good news comes out. So far 9800 shareholders are holding 94% of total shares. Not much shares in the market

9800 shareholders are holding 93.8% of shares outstanding. No wonder it is very illiquidity

As counted from latest annual report, Sovereign Wealth Funds 41.96% plus Shamsuddin group 12.07%. Total 54.03% under two substantial shareholders, where the Mabel?

I also suspect the best deal for this creditors is the preference shares to solve the outstanding debts

Good news why investors keep selling

KUALA LUMPUR: Sapura Energy Bhd was the most actively traded stock on the market today after it said it secured Petroliam Nasional Bhd's approval to sell its 50 per cent stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$530.3 million.

Some 75.9 million shares changed hands in the first hour of trading.

The stock hit a high of 5 sen before settling at four sen.

Its 52-week high was seven sen.

In a filing with Bursa Malaysia Securities on Tuesday, the company said on June 10, 2024 it received the approval from Petronas for the change of ownership in SapuraOMV of production sharing contracts for SK310, SK408 and SB412 with effect from Jan 1, 2025

The approval states that Sapura Upstream Assets Sdn Bhd is to complete the proposed disposal simultaneously with the divestment of OMV Exploration & Production GmbH's shares in SapuraOMV to TotalEnergies no later than Dec 31, 2024.

If the transactions are not completed by the said deadline, Petronas reserves its rights to revoke the approval. Sapura Energy said any effort to continue with the proposed disposal after the deadline shall will be as a new separate transaction which shall be subjected to Petronas' written approval.

Who collected this shares today will make a fortune

If creditors accept hair cut then they can take the money to make back from some where, or they refuse and demand more then all will sink together

It is stipulated in the Approval that Sapura Upstream Assets Sdn Bhd is to complete the Proposed Disposal simultaneously with the divestment of OMV Exploration & Production GmbH’s shares in SapuraOMV to TotalEnergies Holdings SAS no later than 31 December 2024. If the transactions are not completed by the said deadline, PETRONAS reserves its rights to revoke the Approval. Any effort to continue with the Proposed Disposal after the said deadline shall be considered as a new separate transaction which shall be subjected to PETRONAS’ written approval.

It is company announcement today as my opinion that creditors may have to accept hair cut for company on going concern practice, otherwise the deal of OMV may call off under new corporate exercise arrangement.

$112 per square foot =RM144.9m
Super good profit

CDRC extended to next year means the creditors may see after the asset selling and demanded more money that turned out the deal can’t complete, perhaps MCF should ask the creditors with hair cut instead of let creditors for further demanding then only can have win win situation for the company to have future performance

Iwcity land location is not attractive at all, except build a new bridge bypass severe traffic congestion; otherwise it has no value since decades ago

Foreign broker is collecting

When u use Rakuten for your trading account, the account is under nominee name and not under your name directly. So dividend will pay to nominee, another word your share is not registered under your name in the Bursa CDS account

With the daily volume rollover increased for the past one week, any implication of good news or bad news. Is anyone know?

term loans $3.3b and sukuk program loan $7.3b should expect to be solved as MAYBANK investment bank as lead arranger in this program

Normally if you got award this kind of project, company will receive 30% down payment to carry the project. Under this scenario, 5218 will get around 2.5b+OMV2.5b+cash 1.4b=6.4b on its cash flow account to rollover operation. Very bright future

In fact UE share price is super undervalued as their land location is on the financial zone and HSR zone

cost per acre divides
Rm2,491,753,000 by 4,422 acres
= Rm563,490 per acre
=Rm$12 per square foot
Currently this area of land after conversion to industrial zone can worth more than $300++per square footer

The westport share price up to the moon when he become CFO

The latest CFO is specialist for corporate finance restructuring

-0.13 after selling OMV

Now NTA is -$0.13 instead of $-0.23. So if you can raise right issue of $0.13 per share then this counter should expect to get out of PN17 status without white knights needed

It is not true from business operation about this counter. The book order received from last quarter of 5b increased to latest announcement of 6.6b. A very impressive number. Some more the cash flow position is also equivalent to nearly $0.09 per share. So they are doing good business project and now they only need to swap the debts through regulatory channels to clean balance sheet figure as like AAX and Capital A debt swap. It takes time but any invested investors can’t wait must invest somewhere n not here

After OMV to settle part of the creditors agreement and left 8b debts according to the Edge article , within 8b debts only 4b needs for recapitalising through potentially swap shares or other capital options. The order book is increasing from 5b to 6.6b, the BIMB research house may be right of targeted share price 0.06 instead of 0.02 from RHB research house recommendation

https://theedgemalaysia.com/node/709050

The deal looked like fair price. Previous deals was US$903-$350=553, now is US$705.3-175=503.5 under desperate conditions to settle borrowings with keeping working capital around RM300m.
Now it turns out cash in the company is 1.45b+300m=1.75b equivalent to nearly $0.10 per share for the working capital

Yesterday new IPO Keyfield with only 600m book order and around 10 ships compared to Sap 6b from previous quarter 5b by increasing extra 1b order book this quarter and around 10 big ships with already fully depreciated value also can fly up to $1.95!!!

Reduced debts by $2.2b from $10b with another cash at hand $1.45b. If raise through right issue 1:1@0.40 then no more debts Am I right?

Quarterly reports will come out in the end of this month