Correctloh....SAPNRG has bought down the borrowing from Rm 14b to Rm 10b mah....the listing it as a current liabilities is a self inflicted negative action of the banks mah!

The good things is for restructuring....the banks will give a good haircut loh!
Sapnrg is asking for 75% haircut and most banks already provided upto 70% impairment of these loans loh! For example Ambank has provided as high as 80% loh!

A 35% haircut is doable & acceptable.....bank will recover back substantial of their loan & further improve its profit while SAPNRG can recover & benefit from the restructuring loh!

Lu tau boh ?

Boustead plant has another potential plantation land for massive property dev land for sale near batu kawan penang and a rough estimate....it is value close to Rm 2b....a very massive gain for Bplant if dispose loh!

Big potential for Bplant share price loh!

Potential New income stream for palmoil waste cake loh!
At the moment use to feed cows.....but can substitute corn loh!

This means additional income avenue from palmoil due to chicken debacle loh!

U all very shallow thinking mah!

If govt subsidize petrol Rm 30b....All Msia rakyat benefit Rm 30b subsidy mah!

Petroleum subsidy prices...very hard to siphon money & masuk pocket sendiri for politician mah!

Also keeping petroleum prices low.....means lower inflation mah!

Lu tau boh ??

Yes agree Mah!
But mkt price for Russian oil is USD 80....but they writedown the oil to USD 7 & for loss more than Rm 130m for what leh ??
Maybe writedown by say 15% to USD 68 or loss of Rm 19m already more than sufficient mah! Whoever bought at USD 68 will still make good profit mah!

Why sell to China parent at USD 7 leh ?
Although no gain no losses but as it already written down to USD 7.....but hengyuan already incurred massive losses of more than Rm 130m loh!

Very dangerous this type of management mah!

U can ignore this very valuable opportunity but raider will not loh!

General Raider will accumulate & buy big sapnrg mah!

They proposely impairment....impairment.....this is just paper figure... impairing from NTA Rm 1.40 loh!....to force the bank to give hair cut in the restructuring exercise loh!

This how the games always played mah!

Lu tau boh ?

Put it this way mah!

Sapnrg upside is 84 sen
Down side is zero sen
Target price conservatively 25 sen very prudent & fair loh!

The potential gain very far outweighed the potential losses loh!

Like i said it is a unique Very profitable scenario for investor to buy sapnrg at 5.5 sen mah!

If delisted why u need to consollidate share & RI leh ??
No need mah!

Just sell assets to pay debts loh!

Posted by BobAxelrod > 2 minutes ago | Report Abuse

Can please give valuation from the other side???.....
1) What would price be if finally Delisted?
2) How would number of shares and price be with Share consolidation and RI (to pay debts)??

Raider ask this question to u loh!

If govt save this petrol subsidy....where does the money goes leh ??

Another massive corruption project loh!

With petrol subsidy at least rakyat benefit mah!
Thus money are well use & spend in subsidy loh!

Do not listen to all these naysayers loh!
Sapnrg is highly undervalue mah!

If there is no fire sale it is worth alot mah!

How do u value Sapnrg potential gain leh ??

1. Current sapnrg share price 5.5 sen @ Rm 879m.
2. Restructuring rebate from banks frm 3.6b or @ 22.5 sen ( base on 35% haircut)
3. Revaluation of OMV 50% share gain of Rm 5.0b @ 31.5 sen
4. Conservative Min wealth creation of sapnrg is Rm 8.6b loh or 54 sen mah!

Remember there are also hidden value in Sapnrg drilling & EPCC business & assets not taken in value here mah!

If we account for this, another potential of 30 sen loh!

Thus sapnrg should be 84 sen fair value loh!

Bcos of uncertainty we discount this 84 sen value aggressively by 70%....thus target price should be at least 25 sen loh!

That will give u a potential massive gain of 19.5 sen....or 354% if u buy sapnrg at dirt cheap at 5.5 sen mah!

Very big profit potential in sapnrg loh!

Stick to Petron our reliable corp governance that is willing to share with minority shareholders unlike Hengyuan mah!

Sifu Sslee,

Lu tau boh ??
Hengyuan already writedown its Russia Oil to USD 7 from USD 80 mah!
Thats why there is a writedown losses of more than Rm 130m loh!

Since the cost of Russian Oil to Hengyuan is USD 7m whereas the mkt price is USD 80....hengyuan can sell to its china parent at USD 7m at no losses loh!

This how cash can siphon from Hengyuan, quietly mah!

There goes our potential dividend mah!

Stick to Petron our reliable corp governance that is willing to share with minority shareholders unlike Hengyuan mah!

Sifu Sslee,

Lu tau boh ??
Hengyuan already writedown its Russia Oil to USD 7 from USD 80 mah!
Thats why there is a writedown losses of more than Rm 130m loh!

Since the cost of Russian Oil to Hengyuan is USD 7m whereas the mkt price is USD 80....hengyuan can sell to its china parent at USD 7m at no losses loh!

This how cash can siphon from Hengyuan, quietly mah!

There goes our potential dividend mah!

Stick to Petron our reliable corp governance that is willing to share with minority shareholders unlike Hengyuan mah!

Sifu Sslee,

Lu tau boh ??
Hengyuan already writedown its Russia Oil to USD 7 from USD 80 mah!
Thats why there is a writedown losses of more than Rm 130m loh!

Since the cost of Russian Oil to Hengyuan is USD 7m whereas the mkt price is USD 80....hengyuan can sell to its china parent at USD 7m at no losses loh!

This how cash can siphon from Hengyuan, quietly mah!

There goes our potential dividend mah!

Sifu Sslee,

Lu tau boh ??
Hengyuan already writedown its Russia Oil to USD 7 from USD 80 mah!
Thats why there is a writedown losses of more than Rm 130m loh!

Since the cost of Russian Oil to Hengyuan is USD 7m whereas the mkt price is USD 80....hengyuan can sell to its china parent at USD 7m at no losses loh!

This how cash can siphon from Hengyuan, quietly mah!

There goes our potential dividend mah!

Very True loh!
General Raider use to be poor loh!
I was a despatched boy just earning Rm 180 per mth loh!

Thru hardword & abit of intelligent to capitalize on opportunity thru business and invest my savings diligently & prudently....Raider manage accumulate a good amount of wealth sufficiently thru investment and today if raider retire....should be able retire comfortably loh!

Yes no one should be poor loh!

If they are hardworking & look out for opportunity & manage their savings prudently loh!

Posted by chowwei > 1 day ago | Report Abuse

If You Born Poor
It's Not Your Mistake,
But If You Die Poor
It's Your Mistake,
---> Bill Gates <---

Very True loh!
General Raider use to be poor loh!
I was a despatched boy just earning Rm 180 per mth loh!

Thru hardword & abit of intelligent to capitalize on opportunity thru business and invest my savings diligently & prudently....Raider manage accumulate a good amount of wealth sufficiently thru investment and today if raider retire....should be able retire comfortably loh!

Yes no one should be poor loh!

If they are hardworking & look out for opportunity & manage their savings prudently loh!

Posted by chowwei > 1 day ago | Report Abuse

If You Born Poor
It's Not Your Mistake,
But If You Die Poor
It's Your Mistake,
---> Bill Gates <---

Very True loh!
General Raider use to be poor loh!
I was a despatched boy just earning Rm 180 per mth loh!

Thru hardword & abit of intelligent to capitalize on opportunity thru business and invest my savings diligently & prudently....Raider manage accumulate a good amount of wealth sufficiently thru investment and today if raider retire....should be able retire comfortably loh!

Yes no one should be poor loh!

If they are hardworking & look out for opportunity & manage their savings prudently loh!

Posted by chowwei > 1 day ago | Report Abuse

If You Born Poor
It's Not Your Mistake,
But If You Die Poor
It's Your Mistake,
---> Bill Gates <---

Very True loh!
General Raider use to be poor loh!
I was a despatched boy just earning Rm 180 per mth loh!

Thru hardword & abit of intelligent to capitalize on opportunity thru business and invest my savings diligently & prudently....Raider manage accumulate a good amount of wealth sufficiently thru investment and today if raider retire....should be able retire comfortably loh!

Yes no one should be poor loh!

If they are hardworking & look out for opportunity & manage their savings prudently loh!

Posted by chowwei > 1 day ago | Report Abuse

If You Born Poor
It's Not Your Mistake,
But If You Die Poor
It's Your Mistake,
---> Bill Gates <---

Very True loh!
General Raider use to be poor loh!
I was a despatched boy just earning Rm 180 per mth loh!

Thru hardword & abit of intelligent to capitalize on opportunity thru business and invest my savings diligently & prudently....Raider manage accumulate a good amount of wealth sufficiently thru investment and today if raider retire....should be able retire comfortably loh!

Yes no one should be poor loh!

If they are hardworking & look out for opportunity & manage their savings prudently loh!

Posted by chowwei > 1 day ago | Report Abuse

If You Born Poor
It's Not Your Mistake,
But If You Die Poor
It's Your Mistake,
---> Bill Gates <---

Long run can never get it wrong....when u invest inflation protection of food production & plantation land which has only a finite limited supply mah!

Lu tau boh ?
Alot of olang kaya....protectt themselves this way mah!
Thats why u call them LANDLORD MAH!

Long run can never get it wrong....when u invest inflation protection of food production & plantation land which has only a finite limited supply mah!

Lu tau boh ?
Alot of olang kaya....protectt themselves this way mah!
Thats why u call them LANDLORD MAH!

Long run can never get it wrong....when u invest inflation protection of food production & plantation land which has only a finite limited supply mah!

Lu tau boh ?
Alot of olang kaya....protectt themselves this way mah!
Thats why u call them LANDLORD MAH!

Long run can never get it wrong....when u invest inflation protection of food production & plantation land which has only a finite limited supply mah!

Lu tau boh ?
Alot of olang kaya....protectt themselves this way mah!
Thats why u call them LANDLORD MAH!

Long run can never get it wrong....when u invest inflation protection of food production & plantation land which has only a finite limited supply mah!

Lu tau boh ?
Alot of olang kaya....protectt themselves this way mah!
Thats why u call them LANDLORD MAH!

What is the use of high crack spread when major shareholder of HY sapu money all for themselves & not willing to share with minority leh ??

Better switch to Petron....which has a superior performance & better corp governance & pays a reasonable div mah

What is the use of high crack spread when major shareholder of HY sapu money all for themselves & not willing to share with minority leh ??

Better switch to Petron....which has a superior performance & better corp governance & pays a reasonable div mah

Long run can never get it wrong....when u invest inflation protection of food production & plantation land which has only a finite limited supply mah!

Lu tau boh ?
Alot of olang kaya....protectt themselves this way mah!
Thats why u call them LANDLORD MAH!

Pakai otak think lah!

What is the use of high crack spread when major shareholder of HY sapu money all for themselves & not willing to share with minority leh ??

Better switch to Petron....which has a superior performance & better corp governance & pays a reasonable div mah!

Pakai otak think lah!

Whoever the PM not necessary bossku...sapnrg will be saved mah!

Why leh ?
Bcos it is feasible & profitable to save SAPNRG mah!

Lu tau boh ??

Do not waste time lah!

Sure extend 3 to 6 mths mah!
Posted by billionman > 14 seconds ago | Report Abuse

hahaa. guys.. RO (restraining order) already court approved. 6 jun and 10 jun time line to service loan payback timr. surely will deafauky maa..cos RO akready in place... thats not news... like SD..RO apprived and SOA wiyh funders approve ..but again wher to find more funds to operate daily..ooerational costs... ecery day burn cash..howwwww

Do not be a trader loh!

Better be an investor or speculator mah!

Yes extreme undervalue in CPO share loh!

Cpo at Rm 4000 is consider very good loh!
CPO now is not rm 5000 but above rm 6000 mah!

Tesla u buy thin air mah!

Oriental u buy solid undervalue asset mah!

After weak holders fully cleared...vroom....vroom...vroom mah!

1st they will write in about 20 sen profit from debt restructuring mah!

2nd they will write back 30 sens over provision of assets impairment mah!

Very steady gain loh!

Correctloh....very true mah!

Posted by dompeilee > 12 minutes ago | Report Abuse

The greatest profits are gained in the mkt by SITTING TIGHT, said a trading legend.

Cheap mah!

Quietly collect loh!

The court will usually extend mah!

No issue loh!

Tp at least Rm 10.00 loh!

U R very smart loh!
Posted by Jerichomy > 30 seconds ago | Report Abuse

Nvm got otb and kyy support…it will stay above rm6 looo…i am more in petron now haha

Overhaul & Modifying with racing engine mah!

Target Rm 10.00 mah!

Ya but hold about 30% only mah!

Still potential for other co to buy over mah!

Posted by Jonathan Keung > 4 minutes ago | Report Abuse

Datuk Wong (Ta Ann ) is in the driving seat for SWK

Mana puncit leh ??

People overhaul & modify engine mah!

Later can run very fast loh!

Cannot trust this hengyuan management loh!

Corp governance problem loh!

Just Switch to Petron to avoid this problem mah!

Correctloh....!

HY bought russian crude at USD 80 per barrel.....but later sold to the parent in CHINA very cheap at USD 7 per barrel loh! Resulting in a loss of more than Rm 131m loh!

Citing msian govt & Shell discourage & disallow russian crude loh!

Indirectly the china parent benefited Rm 130m....from Hengyuan msia folly loh!

jangan takut mah!

Collect loh!

Yes potential takeover loh!

Do possibility candidates;

1. Taann
2. KLK
3. IOI