A year ago on March 30, 2021, Sapura TMC had raised the funding through the execution of multi-currency financing facilities.
The facilities comprise two term loan facilities of approximately US$602 million (RM2.5 billion) and RM906 million respectively, and unrated sukuk murabah amounting to US$125 million (RM518.5 million) and RM6.38 billion.
The facilities have a tenure of seven years and are guaranteed by Sapura Energy. It comes with the condition that its largest shareholder Permodalan Nasional Bhd (PNB) continues to have over 33% in the oil and gas outfit in the period.
Promoters until this day cannot even show FACTS and FIGURES, on top of that they have NO IDEA WHY the price is LOCKED at 3.5c............laugh die YOU!!!
Haha looks like a precedent has been set to bail out poorly managed company.. If Boustead can do so can Sapura. Sapura has more than 10X of assets than Boustead.
as precedent Gobermen must pay RM6 Billion to Bob as Director fees thats even before Bob is appointed as a Director of Sapura.
After that Anwar Ibrahim will say Gobermen no choice already paid RM6 Billion to Bob as director fees so must pay more for Bob to be appointed as a Director of Sapura
Waited whole day to buy Sapura at 3.5 cent yesterday, not much selling at 3.5 cent. Sellers dried up at this price. Not worth selling at rock bottom price. Deal is on the way, PTTEP the upstream arm of Thailand Petroleum, has engaged many services fr Sapura, from well drillings to various off shore services. Luckily Sapura did not sell a lot of it's assets, now they are on demand for various work. Prominent figures engaged by Sapura to help to oversee this operation. Setting new startegies to tap fully of it's assets in the rising cycle of the industry. Future looks bright for Sapura. Upstream co are busy putting their projects on the go !
We understand that the current price of the stock is at an all-time low, which may be disheartening. However, we urge you to hold onto your shares and resist the temptation to sell at such low levels. Selling cheap to stock scammers will only lead to further losses.
Instead, consider this as an opportunity to accumulate more shares at these attractive prices. Efforts are underway to put Sapura Energy back on track, and there is hope for the company's recovery. By holding onto your shares, you can potentially benefit from any future improvements in the company's performance.
Remember, investing in stocks requires patience and a long-term perspective. Selling at a low point may result in regret later on when the stock price recovers. Stay optimistic and have faith in Sapura Energy's potential for growth.
Together, we can weather this storm and work towards a brighter future for Sapura Energy.
Hold your shares, believe in the company, and let us navigate through these challenging times with determination.
Same old man la. There is also another old man now pretend to be neutral hahahahha. Old man want feel relevant Ah? Big ego balls doesn’t allow old man to loose?
Asb actually increases their stake from from 28.6% to 30plus% on their first account. Total still about 40plus% ownership. The whole havoc Is created by Huang (he is dumb , I can forgive) then followed by i3lurker ( dumb but showing his profile to be Experience trader-fking dkey accountant. So old with so little knowledge, go back tanam jagung la. Waste of everyone's time. B40forever and Bob then used them as tool to amplify the their dumbness.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pakabu
56 posts
Posted by pakabu > 2023-05-31 00:30 | Report Abuse
PNB must have over 33% shares in Sapnrg.
A year ago on March 30, 2021, Sapura TMC had raised the funding through the execution of multi-currency financing facilities.
The facilities comprise two term loan facilities of approximately US$602 million (RM2.5 billion) and RM906 million respectively, and unrated sukuk murabah amounting to US$125 million (RM518.5 million) and RM6.38 billion.
The facilities have a tenure of seven years and are guaranteed by Sapura Energy. It comes with the condition that its largest shareholder Permodalan Nasional Bhd (PNB) continues to have over 33% in the oil and gas outfit in the period.
News source :
https://theedgemalaysia.com/article/sapura-energys-unit-seeks-waiver-bondholders