Posted by BobAxelrod > 2023-06-19 12:29 |

Post removed.Why?

Posted by BobAxelrod > 2023-06-19 12:30 | Report Abuse

And that REFEREE TAK BERSEKOLAH jumps in and comments with Bias......so boloh!

Posted by Felix888 > 2023-06-19 12:33 |

Post removed.Why?

Posted by BobAxelrod > 2023-06-19 13:07 | Report Abuse

This are the normal posts little kids posts when they lost the debate or discussions.....they have no common sense...only kok talk..

Posted by TheCrown > 2023-06-19 13:26 | Report Abuse

BobAxelrod, you shame yourself... Shows how lame you are.. 👎

Posted by Felix888 > 2023-06-19 13:40 | Report Abuse

Maybank has changed Sapura E to cash purchase. All my previous buy queues were cancelled.

Posted by DatoT20 > 2023-06-19 17:07 | Report Abuse

Diam la Bob. hari2 bising sini.

Posted by DatoT20 > 2023-06-19 17:07 | Report Abuse

cakap pun no facts. Dah tua, boloh pulak tu.

Posted by TalkNumberOne > 2023-06-19 18:16 | Report Abuse

Dato got new story to tell? My ears are all yours.

Posted by TalkNumberOne > 2023-06-19 18:17 | Report Abuse

Don’t bother that old man la. Dog also better than the old man.

Posted by Rowie > 2023-06-19 18:36 | Report Abuse

Any white knight will definitely force bankers and shareholders to take haircuts.
Shareholders in Sapura must mentally be prepared for at least 100:1 share consolidation with potential rights issue to sink more money into a distressed company.
Really madness how mgt can run down such a company

Posted by Elaphe > 2023-06-19 22:52 | Report Abuse

Wah Bobby Cai still fighting all over here.Next QR Rm3bill lost.

Posted by qqq668 > 2023-06-20 00:07 | Report Abuse

Sapura paid up capital now close to 16B shares.
If consolidation 100 to 1 , it will become 0.16B or equivalent to 160,000,000.00 shares only. Very small paid up. Even MHB is 1.6 B paid up capital. How to justify this small paid up capital? Seems like the share price of Sapura is very attractive now !

Posted by Rowie > 2023-06-20 06:32 | Report Abuse

qqq,
Rights issue will then come say 1:50 at 20-30 sen. Paid up will increase as Sapura needs cash as bankers will not extend additional loans.
This is a mismanaged company. All your good money may vanish again plus the share price may again tank
So I can’t see any attractiveness here.
But good luck to all

Posted by qqq668 > 2023-06-20 08:00 | Report Abuse

Sapura last had its RI at 5 : 2, consolidation 100 to 1 will bring the share price from 3.5 cent to 350 cent or rm3.5.
50 : 1 is too much a right for the shareholders.
Bursa last have it's bigger RI, Mcement , 10:1 , that is almost the biggest allocation of RI so far.
Can't imagine a RI of 50 : 1.
Better buy more Sapura shares now.

Posted by Felix888 > 2023-06-20 08:12 |

Post removed.Why?

Posted by Elaphe > 2023-06-20 08:38 | Report Abuse

Ahya is almost certain MHB will be the White Night. Yeah consolidation proposed is 20:1. Let's welcome Rowie to our big family.

Posted by SinGor > 2023-06-20 09:10 | Report Abuse

When you consolidate total outstanding shares, it means authorised share are increase so that you can sell
shares to investors (RI) for Cash. When Nobody wants to Buy RI, why take the Trouble to consolidate??
So it is very Clear those who talks about Consolidation "DoesnT know what they are Talking "

Posted by Felix888 > 2023-06-20 09:16 | Report Abuse

PMX said no bailout for Sapura. PNB dare to approve the RI meih?

This time bailout from the private sector or government linked (indirectly).

Posted by Felix888 > 2023-06-20 09:17 | Report Abuse

Could be private placement after the consolidation.

Posted by speakup > 2023-06-20 09:38 | Report Abuse

State elections.coming, do or die for PH

Posted by SinGor > 2023-06-20 09:43 | Report Abuse

Private placement is very difficult for Non-GLC. Unless Buyers are from Foreign entity than doesnT need
financial Report ( from SAP ) to secure Loans. Individual ( Malaysian) is completely out of Question. Amount
too Big--- will surely attract Inland Revenue to "Look" into Buyer's income Tax account.
White Knight has to be Malaysia GLC, mostly likely Petronas which has no intention to Dilute PNB holdings

Posted by Elaphe > 2023-06-20 10:54 | Report Abuse

Rowie why you seems like don't want to be a part of our 👪

Posted by Rowie > 2023-06-20 11:19 | Report Abuse

If MHB in the picture, then MISC will have to take it private cos MISC & Technip cannot vote & no other shareholders will vote in that deal to kill themselves. So either way I'm good without getting involved in Sapura

Posted by Elaphe > 2023-06-20 11:28 | Report Abuse

Rowie, thanks for the information. May I ask why the Misc and Technip cannot vote. Can you share more details. Also why you don't want be apart of us. We already welcome you as our family.

Posted by cicakman > 2023-06-20 11:46 | Report Abuse

Still ok ka ?
9 months without water and foods.

Posted by cicakman > 2023-06-20 11:49 | Report Abuse

100 = 1 coming soon.

Posted by Rowie > 2023-06-20 12:09 | Report Abuse

Elaphe..........These are the Takeover/Merger Companies Act Rules
MISC & TECHNIP are parties acting in concert so they are treated as one.
Since i will never be a shareholder of Sapura, there is no purpose being in this forum

Posted by Elaphe > 2023-06-20 12:46 | Report Abuse

Misc owned 66+ percent. Technip only have about 8+ percent ownership. Did you mean Misc need go get Technips approval for any merger to happen. Sorry I don't understand?

Posted by SinGor > 2023-06-20 12:54 | Report Abuse

Look at AGM voting results, you know who can vote Or cannot. Any proposal initiated by management, PNB
can Vote unless PNB propose to take SAP private than PNB cannot vote. Both PNB and Shahril combine hold
40% of SAP and they are Not Selling. The Dark Horse is Shahril, waiting for Najib and Umno to return strong
in GE16. Shahril has very clear intention, he wants SAP back ( as CEO )

Posted by Elaphe > 2023-06-20 13:09 | Report Abuse

OK understood then. Yeah did not discount Shahril will want to return, he stand as second on the highest share ownership.He will also want this to comeback soonest for sure.

Posted by vellfire14 > 2023-06-20 15:22 | Report Abuse

best solutions is take private first then can do anything easily.

Posted by DatoT20 > 2023-06-20 16:00 | Report Abuse

Sapura Energy is currently undergoing a significant restructuring effort to address its financial challenges and ensure its long-term sustainability. The restructuring process involves several key elements:

1) Special Purpose Vehicle (SPV): An SPV will be established to facilitate the restructuring. The collaboration of the government and Petronas, Malaysia's national oil company, is expected to be involved in this SPV.

2) Government Support: There are indications of a potential golden handshake from the government to support Sapura Energy's restructuring. However, the full details and extent of this arrangement have not been disclosed yet.

3) Involvement of CDRC: The Corporate Debt Restructuring Committee (CDRC), associated with Bank Negara Malaysia, is playing a role in ensuring a smooth restructuring process for Sapura Energy. The CDRC is working internally to facilitate the necessary steps.

4) Financial Injection: As part of the restructuring plan, there is a proposed injection of RM1.8 billion into the company. Additionally, approximately RM0.8 billion will be allocated for repaying existing loans.

5) Creditor Haircut: Creditors of Sapura Energy can expect a significant reduction in the amount owed to them, with a haircut of more than 50% on outstanding debts. This means that creditors will need to accept a lower repayment amount.

6) Timely Obligation Settlement: Efforts are being made to prevent Sapura Energy from going bankrupt, and there is an urgency to settle outstanding obligations to creditors promptly. Creditors have the option to accept a 60% haircut and receive the funds in a timely manner. However, if they choose not to agree, they may need to wait for the process to unfold, which could take a considerable amount of time.

Posted by OKU_2020 > 2023-06-20 17:05 | Report Abuse

TO RIP / Rest In Peace

Posted by DickyMe > 2023-06-20 17:29 | Report Abuse

"..Unless Buyers are from Foreign entity than doesnT need
financial Report.."

Dumb white knight on a white horse from Middle East?

Posted by Felix888 > 2023-06-20 18:36 | Report Abuse

Access to Sapura E is also access to Malaysia OnG natural resources. This entry ticket selling for RM 1.8 billion only.

Posted by BobAxelrod > 2023-06-20 21:11 | Report Abuse

I guess nobody wants to layan this clown.....price RM1.8 Billion for a ticket to Holland or is it to Dark Hole of Calcutta, where another 15+ Billions Debts awaits??......laugh die YOU!!!

Posted by BobAxelrod > 2023-06-20 21:32 | Report Abuse

The other one, Nah (middle finger) thinks by writing an English Composition can get Lap SAP out of Debts?.....hahahaha...............sigh, kid!

Posted by Felix888 > 2023-06-20 21:33 |

Post removed.Why?

Posted by Felix888 > 2023-06-20 21:36 |

Post removed.Why?

Posted by DickyMe > 2023-06-20 21:39 | Report Abuse

With dumbos managing SAPNRG, which debtor will not ask for full settlement?
Close shop if you plan to rip off public money under a pretext of running business.

Posted by BobAxelrod > 2023-06-20 21:42 | Report Abuse

These promoters are deeply concern with their personal losses. They are not impartial, and even to the extend of being regression. And there could not be any bipartisan route to end the debts scenario. Therefore, retail shareholders would lose their pants and more.

Posted by Felix888 > 2023-06-20 21:50 |

Post removed.Why?

Posted by Felix888 > 2023-06-20 21:51 | Report Abuse

The management has changed. Shahdrill already a history.

Posted by BobAxelrod > 2023-06-20 22:18 | Report Abuse

.....and yet he is still posting without reality, not being logical doesn't change the Law of the Universe.....

A driver can just walk away from his racer, but no other can drive the broken engine without first being replaced. You see, the engine of an F1 is the most expensive part of the car..........lu tau boh??

Walking away and leaving the 15+ Billions debts to just disappear and say the company is brand new????? How old are you???? 3 years old???

Posted by Felix888 > 2023-06-20 22:43 | Report Abuse

15 billion not all due immediately bodoh! Settle the defaulted and due immediately first. The remaining restructure it to period of 5 years , 10 years bodoh.

Understand what is debts restructuring or not? bodoh!

You take ah long`s loan you couldn't understand business loan, bodoh.

Your school got teach you loan restructuring or not? Bodoh!

Posted by Felix888 > 2023-06-20 22:58 | Report Abuse

Check yourself in Bursa Announcement bodoh!

Adui what a dumb old man.

Posted by BobAxelrod > 2023-06-20 22:59 | Report Abuse

Why not all due???.................have you crossed puberty yet?? Or are you just shallow in thinking?...where are the Restructuring Plans...? Why not on the table yet?.........want to know the reason.....takda wang pun.....mcm mana nak bayar sikit pun.......

This clown just remade the Jurisdiction Law on Financial Structure..........Debts not all due yet?.....Banks/Creditors already have in hand Court Orders to Wind Up company.....lu tau boh??

Posted by Felix888 > 2023-06-20 23:06 |

Post removed.Why?

Posted by BobAxelrod > 2023-06-20 23:12 | Report Abuse

How could anyone be so shallow....RO is to suspend any further legal actions, just a temporary Injunction........not termination of Adjudicated Judgement..............laugh die YOU!!!