@Alankam159... I know you are not paranoid. Like everybody who has holding in Bahvest, we should be concerned. Gold price is at high price which makes Bahvest a perfect investment choice. I still cannot understand why the EGM!!!

It is not as simple as that. Full settlement of RM20.4m MAY entitle you the extensions beyond 90 days. It is all subject to the pleasure of the land owner. Who has that money now? Are banks prepared to help out given the negative publicity in the boardroom?

@joyvest...Bahvest might become an Empty Shell company with listing status... What happens then?

@Alankam159...I am sorry for the ugly scenario depicted. As for Ambrose Lee... he used to be useful during Daim days.

The trespassing that goes back to 2017 (when they switched over to mining as their sole business) & eviction notice has confirmed Bahvest has been into illegal mining. The Annual Reports has actually been reporting audited stolen gold transactions 2017-22. He doesn't understand the legal ramifications on himself by issuing the legal letter

@moonslayer274...your torture chamber puts the Nazis to shame... Cheers

Trespassing since 2017 says a lot of Bahvest... conducting illegal mining all along!!!

Official investigation will only be initiated if there is an official complaint with supporting documents received by them. As it is, I will say only they are just making normal queries.

To the shareholders in this forum, stay alert...

Trespassing... It must now be established if the buildings constructed & equipments installed have the necessary approvals from the authorities. Without the proper documentations no mining can proceed. What happens then?

My take... the listing of Bahvest on Bursa is actually ILLEGAL.
The current fiasco has shown it to us. Many legal issues are now coming out. Legally, it is going to be Very Messy. The losers are the minority shareholders

@pinetree88... Keep the forum posted if you have the same luck as in Pharmaniaga. As I say before, you are a bold trader...

Safer to be an observer... Bad blood is too deep. I think its a situation of Thank you for the RM13.0 millions & I will see you in court for the balance sum.

@Talk#1...Well said. Cheers

@Bon88... I wouldn't spend too much time on this. Those piece by S&P are for their customers' consumption. It's irrelevant to us. @Huang too agree to it. Cheers

@Bon88... Record of transactions are public information.

@understand... He's T20 whereas I am UB40. Cheers

@Bon88... All shares traded... Market-trade or Off-market trade MUST go through Bursa Malaysia. All transactions must be registered.

@hulwan...5.0 billions share question...have lead them to question the integrity of PNB. They are actually questioning the upholding of the corporate governance by PNB. By relying on news articles that have a disclaimer attached, they are indirectly accusing PNB of it's failure to uphold it's corporate governance. These's no notification from PNB on ceasing a substantial shareholder of Sapura because it never existed. Period

Until I see the declaration by PNB that they have ceased to be Sapura's substantial shareholder, I will not take this piece by Marketscreener seriously. I don't think they will legally stand by what they published. The Share registrar is the authority for this verification... not a website

Pretty disappointed that we might not know the actual perks & remunerations of Shahril. Interesting to know how & where those expenses are hidden... We must thanks the auditors for the great partnership

God-given Sellers 4.0 sen... Bless them

@qqq668... I am sorry I cannot agree with you on the previous management of Sapura. The sukuk of RM7.0 billions issued in 2015 saw negative returns & the rights RM4.0 billions in 2019 also saw negative returns. Despite having a shareholder like PNB, everybody lost badly... Only new shareholders like @Bon88 whose holding costs is only 3.7 sen gains, against PNB's 80 sen

@understand... I agree with your argument. Since nothing is finalised yet, changes can be made especially since retaining SapuraOMV will strengthen further Sapura's balance sheet... It's just my thought. Cheers

@qqq668...I also no longer see the need to sell off SapuraOMV. It's a prized-asset. More oil strikes...

@izoklse...Perhaps that's how Petronas come into the picture. Marriage is good... it places Sapura in check. Sapura can be very naughty again

I don't take the piece by S&P seriously. They are just a rating agency. Let's not loose sleep over nothing... PNB is still the main actor in the restructuring, with Corporate Debt Restructuring Committee as its main supporting actor.

@Bon88... Enjoy your brunch @dim sum. I had mine earlier. Cheers

@Bob...any disposal by a substantial shareholder must be reported. Did you read anywhere it is reported? Or did I missed it? RM200+ millions in value is almost 40% of its total shareholding!!!

@aSyntheticDick,Bum&Thief you are

@Raja138...Sapura will be much healthier financially after the restructuring. Ample working capital enables Sapura to bid & execute winning projects. The marriage will further boost Sapura. Both measures are positive for Sapura

Sapura's debt restructuring & consolidation in the O&G industry in Malaysia are 2 separate issue. Let Sapura complete it's restructuring which I hope will be completed by month's end before delving into the M&A. One by one... Like @Mabel might say Lady Sapura makes a lovely bride

@Bon88... in the US, movers of the market are known as Hedge fund. Here we call them Syndicate. Hedge fund sounds better... Cheers @Bon88

@Bob... that 10 millions @3.5 sen seller believes in you. Selling at almost it's lowest... That's your influence @Bob

Yes @Huang... there's nothing to be ashamed to lose money in the share market. Just curse yourself & learn from the experience...

I lost my bet & money in Perisai years ago. I was bought at half a send. I am not ashamed to declare I lost money in the share market. I don't find it shameful... Of course I do make money in Barakah as @Mabel.

@Bob... that is what exactly Sapura will do... Consolidation then Rights.

Sapura issued a 30-years tenure sukuk for RM7.0 billions in 2015. Since its long-term, the payback is not so urgent for this exercise.

The balance of the debts is what need attending to at this period of time. I believe by 31st May 2023 all speculations will be put to rest... Cheers

I am still hoping EPF will return as a substantial shareholder of Sapura. They had a shareholding of 13.6% back in 2016. By 2018 EPF lost all confidence & parted ways with the previous management of Sapura.

@DatoKembara... My take on why Share Consolidation or Rights Issue is No Good... It is not no good for Sapura but no good for retail traders. It's actually boils down to the 'school of thoughts'. It's a preconceived mind to always believe the market price will fall on ex-date. Thus the need to continue holding the shares further. They prefer the hit & run option in shares trading... Cheers

Perhaps it should be highlighted the role of Corporate Debt Restructuring Committee (CDRC) in Sapura's overall rescue plan. CDRC is under the preview of Bank Negara Malaysia & they guide both the distressed party & financial institutions to find the common ground without resorting to legal actions. The June deadline shows the confidence Sapura's debt woes will be resolved by then...

@DatoKembara... It definitely has been a long bumpy road taken since PNB assuming management control of Sapura. The glowing lights, are rays of a Sunrise... shining on Sapura. It's goodbye Sunset

@Mabel... Cheers & a triple Huat to you

Very soon

Sapura Energy Ver 8.8

@Bon88...back then @Mabel was already into Serba. A darling O&G company who has been awarded many projects by Petronas then. Don't expect her to know about the fraudulent accounting practice. Even Robert Kuok was caught in the Transmile case. The ending of Serba has haunted many... even to this day.

@DatoKembara... on Mabel. She's not anything close as portrayed. She's a very passionate investor. She is not selfish with her research. I dealt with her some 4-5 years back in the Barakah forum.

@Huang...I cannot agree equating price movement with credible news. Bursa is an imperfect market. I took position in Sapura simply because it has consolidated long enough & furthermore at 4 sen it is low enough. Downside movement is limited. I can also many of us here are calculated risk takers.

@Bob... The financial instruments are of face value RM1.00. Let the market determine the value by way of bidding

@Bob... Yield instruments attracts different kind of investors. Financial instruments issued by Sapura must however be attractive & underwritten, given its current poor financial state. It's debt instruments must also be independently rated...

@Bob...converting the outstanding loans to Interest-bearing Preference shares. Or underwritten Interest-bearing long-term bonds to bring the debt level to a more manageable level

The tagine used then was 'saving another Bumiputera company'. This time around too will be embraced by PMX...