Posted by Nikmon > 2023-06-26 22:07 | Report Abuse

......all also gov assets, sapura fail, gov lose also, vel also gov assets....

PETRONAS save SAP, or SAP bankruptcy, which scenario is better for Gov and Malaysian? Which scenario will cost less?

Posted by TalkNumberOne > 2023-06-26 22:07 | Report Abuse

Mana itu old man gang? Shivering in the closet? #kasi panaskan sour grape cut lost ex shareholder

Posted by Medusa > 2023-06-26 22:22 | Report Abuse

PETALING JAYA: Sapura Energy Bhd’s good fortune stretches on with another quarterly profit for the first financial quarter ended April 30, 2023 (Q1 FY2024).

Its net profit rose 58% to RM146.09 million compared to RM91.93 million in the same quarter last year.

The higher profit was driven mainly by lower depreciation, higher share of profit from associates, and net foreign exchange gain due to the US dollar’s appreciation against the ringgit.

Revenue, meanwhile, increased to RM951.73 million from RM886.08 million, according to the group’s filing with Bursa Malaysia today.

Sapura Energy said that the growth in revenue was driven by higher rig utilisation from the drilling segment, and increased activities from the operations and maintenance (O&M) segment.

“Our strategy to deploy key assets beyond Malaysian borders augments our ability to secure work and complete projects for international clients.

“This strategy has enabled the group to export its expertise and bring back revenues earned in US dollars to our shores,” said group CEO Anuar Taib.

The positive results, he said, reflected the group’s resilience and determination to turn the company around despite its Practice Note 17 (PN17) status and limited access to working capital and bank guarantees.

Sapura Energy emphasized that FY2024 carries substantial significance for the group’s dedication to address its unsustainable debt, outstanding amounts owed to trade creditors, and its PN17 status.

These initiatives reflect their commitment to financial stability and long-term sustainability.

“The group is making progress towards finalising its proposed restructuring scheme (PRS) and regularisation plan, with an extension of time granted for the regularisation plan and restraining orders until Nov 30, 2023 and March 10, 2024, respectively.

“These extensions will enable the group to finalise its PRS and regularisation plan that will be fair and equitable to all stakeholders,” it added.

Posted by Medusa > 2023-06-26 22:24 | Report Abuse

Bobby Today so quiet busy collecting ke?

So jahat ask b40 cut loss sendiri buying slowly

Kikiki…

Posted by Felix888 > 2023-06-26 22:32 |

Post removed.Why?

Posted by Felix888 > 2023-06-26 22:55 |

Post removed.Why?

Posted by Mabel > 2023-06-26 23:06 | Report Abuse

#Felix888 Summary of Q1 FY2024 financial results:
• Revenue of RM952 million
• EBITDA of RM332 million
• PATAMI of RM146 million
• New contract wins with combined value of RM1.4 billion

Restraining Orders granted in their favour, from 11 June 2023 to 10 March 2024.

Granted a time extension up to 30 November 2023 to submit its PN17 regularisation plan to Bursa.

RM 1.8 billion injection from White Knight stated in media release and submitted to the court ( No a piece of A4 paper).

More goods coming....

https://www.klsescreener.com/v2/announcements/view/5242467
26/06/2023 9:32 PM

Life is so beautiful..

Looks like all the smart shareholders have been doing the right thing and can continue to Goyang Kaki..

We can continue to rely on our Sapnrg employees to deliver us the right results..

Yes Lah..more goodies are cuming

To Our Success !

Meow Meow Meow

Posted by Mabel > 2023-06-26 23:11 | Report Abuse

#Felix888 PNB still holding 87% of RCPS-I exercise value 0.41, expired on Jan, 2024. Why ?
26/06/2023 10:55 PM

As long as your holding cost is below this RCPS, there's nothing to fear.

Life is so beautiful..

Meow

Posted by MAN10143 > 2023-06-26 23:12 | Report Abuse

Road to recovery. Soon pn17 will be lifted. Tomorrow will be active counter. Price range bet 0.045 to 0.055. Will be moving upward gradually. Hold on tough. 0.07 will be on the way.

Posted by MAN10143 > 2023-06-26 23:16 | Report Abuse

1st quarter x 4 = 146 x 4 = rm584mil per year profit. This is assumption. Road to recovery. Fasten your seatbelt.

Posted by Mabel > 2023-06-26 23:20 | Report Abuse

Life is so beautiful...

Meow

Posted by Felix888 > 2023-06-26 23:22 | Report Abuse

Market capital RM559 million, yearly could earn more than RM584 million.

Posted by BobAxelrod > 2023-06-27 07:34 | Report Abuse

Such wishful thinking from a bunch of losers.....hahaha

A schoolboy found $1 on his way to school, he now thinks that he would find $20 for the whole 20 days of walking to school....

This is just Q1.... and these promoters are counting the chicken before they are even laid!

Playing along their silly computation, half a million profits won’t even be enough for over 1 billion in interest due each year....LOL

TAYOR

Posted by TalkNumberOne > 2023-06-27 07:37 | Report Abuse

Yeah finally old man came. Haha my fun only in bashing old man. #kasi panaskan sour grape cut loss ex shareholder. I feel you - Old Man, underwear hangus bulu also no more, kena burnt. At least people can dream and hope. You from rm4 to rm0.04 dream and hope pun tak boleh

Posted by TalkNumberOne > 2023-06-27 07:40 | Report Abuse

Hard to belief, everyday hundreds of posting, yesterday barely 5. Hahahaha big fat ego balls Ah? Old man ding Dong bell don’t dare to make noise, scared his ego balls kena scratch

Posted by speakup > 2023-06-27 07:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/06/26/sapura-energy-1q-net-profit-jumps-59-to-rm146mil

LIMIT UP? 😐

Posted by BobAxelrod > 2023-06-27 08:15 | Report Abuse

Such a joy to watch these promoters throw their cash into the fire to burn.....LOL

Posted by Jack Khan > 2023-06-27 08:21 | Report Abuse

market capitalization of 500m with 10billion of loan not yet paid. How many years only can repay all the loan ?

Posted by Jack Khan > 2023-06-27 08:25 | Report Abuse

and 4 billion payable

Posted by PaiKia > 2023-06-27 08:40 | Report Abuse

Q1 Green also kena hantam, if Q1 is RED , i think his nose kembang sampai syurga

Posted by TalkNumberOne > 2023-06-27 08:56 | Report Abuse

So many new ID hahaha old man ID sudah basi. Don’t worry God will find you. You can have 1000 ID also God will find you and grant you your wish list.

Posted by BobAxelrod > 2023-06-27 09:01 | Report Abuse

This Talk_rubbish_No1 aka Kok_talk see every woman on the street is his mother, because they are women.........everyone taling straight on i3 appears the same person to him......certainly a mental patient.

Posted by Medusa > 2023-06-27 09:06 | Report Abuse

Syndicate pumping lagi

Bobby: RO expire Ro expire, rip beyond repair company gg

Kikiki…

Posted by Michael R. > 2023-06-27 09:13 | Report Abuse

Gonna LU likely...!!

Posted by BobAxelrod > 2023-06-27 09:14 | Report Abuse

So silly!........mana mau pigi??......hahaha

Posted by Medusa > 2023-06-27 09:19 | Report Abuse

Only 1 seller

Is that you bobby?

Kikiki…

Posted by SinGor > 2023-06-27 09:20 | Report Abuse

Every day Talks same story 10bil loan. Show me One Police report that Bankers accuse SAP threaten Bankers
family if they Dont Lend SAP 10bil......SomeMore 10bil Not RM10 Wanton Mee . Bankers DonT do Due Diligence
whether SAP's Asset can support 10bil Loan and Biz profit can pay Interest Payment????????????\
Greedy Bankers actually "Forced SAP to Take Loan"----the more likely Answer ( my cha-cha Twist Good or Not )

Posted by Michael R. > 2023-06-27 09:21 | Report Abuse

U see with BRAHIMS n MAS the gov intervene, this SAP is just about time.. plus by its own merit this QR is an evidence that turnaround is possible... just require additional support n life line from the gov.

Posted by Penangite > 2023-06-27 09:23 | Report Abuse

QR turn +ve because of Anwar PM?

Posted by BobAxelrod > 2023-06-27 09:28 | Report Abuse

SinGarLan_jiao....is saying Bankers put gun to Lap SAP head and forced them to take loan.....is this the thoughts of a 3 year old???

You borrowed money and you cannot repay....Foreclosure is NORMAL BANKING PRACTISE...........Grow some balls!

Posted by BobAxelrod > 2023-06-27 09:29 | Report Abuse

Penang kia thinks the little green QR is due to PMx....maybe the little green men from Mars did it!!.................LOL

Posted by Felix888 > 2023-06-27 09:31 |

Post removed.Why?

Posted by Michael R. > 2023-06-27 09:33 | Report Abuse

These days people read news a bit late... by 10am they will realise this QR news..

Posted by SinGor > 2023-06-27 09:42 | Report Abuse

Bobby didnT dealt with Bankers One Day in his Life. Go and ask Biz Taiko about how Banker "forced them to
Take up more Loan if they cannot pay existing Loan " Bankers made Retailer kneel infront of them when retailer
cannot pay back 10K-----As for 10Bil, Bankers are kneeling in SAP's parking Lot ( cannot even enter front Door )

Posted by success2628 > 2023-06-27 09:47 | Report Abuse

Sapura Energy 1Q net profit jumps 59% to RM146mil
https://www.thestar.com.my/business/business-news/2023/06/26/sapura-energy-1q-net-profit-jumps-59-to-rm146mil

PETALING JAYA: Sapura Energy Bhd will continue to implement its reset plan throughout its current financial year to enhance profitability and cash flow, ensure discipline and excellence in bidding and project execution, as well as address its unsustainable debt.

Despite challenges in accessing bank guarantees and working capital facilities, the oil and gas company said it had successfully secured RM1.4bil in contract wins, increasing its outstanding order book to RM5.8bil.

“Additionally, the non-consolidated gross order book of the group's joint-venture entities currently stands at RM4.8bil,” it said in a filing with Bursa Malaysia yesterday.

For its first quarter ended April 30, 2023, Sapura Energy’s net profit rose to RM146.09mil from RM91.93mil in the previous corresponding period,
Revenue improved to RM951.73mil from RM886.08mil a year earlier.

Basic earnings per share was at 0.91 sen versus 0.58 sen previously.

In a statement, Sapura Energy group chief executive officer Datuk Mohd Anuar Taib said the company reported a 30% improvement in earnings before interest, taxes, depreciation, and amortisation (ebitda) at RM332mil for the first quarter.

Posted by success2628 > 2023-06-27 09:50 |

Post removed.Why?

Posted by Win288288 > 2023-06-27 10:04 | Report Abuse

Its cuming, indiana jones and his final adventure on cinemas get your ticket now!

Posted by success2628 > 2023-06-27 10:17 |

Post removed.Why?

Posted by pakabu > 2023-06-27 13:00 | Report Abuse

Wow! Now profit increase, after so long time hold, I can wait price increase after this...

Posted by Nhamir > 2023-06-27 14:48 | Report Abuse

dammit but still long to go for 0.05.... for my pockej money

Posted by DatoT20 > 2023-06-27 15:02 | Report Abuse

According to the requirements to lift Practice Note 17 (PN17) status, a company must report at least two consecutive quarters of profit. If Sapura Energy continues to report a profit in the next quarter, it will be a positive step towards meeting this requirement.

Posted by DatoT20 > 2023-06-27 15:27 | Report Abuse

Sapura Energy has undertaken a Proof of Debt exercise involving trade creditors as part of its efforts to address its financial position and regularize its status. Through this exercise, the company has validated approximately RM1.5 billion in claims from about 2,000 vendors. The majority of the claims have been processed, with only 8 remaining to be resolved.

The Proof of Debt exercise is an important step in the company's restructuring process, as it allows Sapura Energy to assess and verify the debts owed to trade creditors. This exercise helps in determining the fair and equitable treatment of these creditors within the proposed restructuring scheme.

As the process nears completion, it is expected that vendors will experience a haircut in the range of 60% to 70%.

Posted by DatoT20 > 2023-06-27 15:33 | Report Abuse

Sapura Energy has achieved a significant portion of its Q1 FY2024 revenue from international operations, with nearly 70% of the revenue generated from its activities outside of Malaysia. What's noteworthy is that a substantial portion of this revenue, approximately RM748 million, was denominated or earned in US dollars.

The fact that Sapura Energy earns a significant portion of its revenue in US dollars is advantageous for the company, especially considering the strengthening of the US dollar in recent times. As the US dollar gains strength, it enhances the value of the revenue earned by Sapura Energy, leading to increased profitability and financial gains for the company.

With a significant portion of its revenue derived from international operations and denominated in US dollars, Sapura Energy is well-positioned to capitalize on the favorable exchange rates and leverage the strength of the US currency to bolster its financial performance. This diversification and exposure to the global market, combined with the advantageous currency dynamics, create opportunities for growth and profitability for the company.

Posted by TalkNumberOne > 2023-06-27 15:34 | Report Abuse

Hahhahaahhahah😎 old man shivering again. Sour grape cut lost ex shareholder now confirm cursing nonstop

Posted by TalkNumberOne > 2023-06-27 15:36 | Report Abuse

Old man jangan tak beli nanti rm4 everyone runs away you pergi beli pulak. 😎 just look into the mirror and ask your self, why old man so poor bulu pun tak ada all burnt hangus.

Posted by TalkNumberOne > 2023-06-27 15:36 | Report Abuse

When people busy with the market you spent 99% of your time talking in forum. When people busy selling you busy buying how to make money

Posted by Ninth007 > 2023-06-27 16:15 | Report Abuse

Uncle tengah picit bola
Already cut lost
Nangis pun takda air keluar
Sob sob sob

Posted by Ninth007 > 2023-06-27 16:20 | Report Abuse

Uncle hati banyak sakit
Hari hari muntah darah
Beli tinggi potong rugi 0.035
Jit Pai Hoseh Liao .....

Posted by qqq668 > 2023-06-27 16:27 | Report Abuse

From 9 am till now, more than 500 k done at 4 cent. The buying momentum none stop fr market open. Looks like the 4 cent level sellers are exhausted.

Posted by TalkNumberOne > 2023-06-27 16:35 | Report Abuse

I don’t care about the market. All I want is make fun of this old man. Everyone in the world is dumb except the one in the mirror? Hahhaha very soon the one in front of old man is the dumbest