Posted by DatoT20 > 2023-08-10 16:03 | Report Abuse

I have been informed that the negotiations between SAPURA ENERGY and banks have been successfully concluded

Posted by DatoT20 > 2023-08-10 16:06 | Report Abuse

After a series of constructive negotiations with its creditors, I have been informed that SAPURA ENERGY has reached an agreement with the banks regarding its debt restructuring plan. This achievement reflects the company's commitment to resolving its financial constraints and optimizing its financial structure

Posted by DatoT20 > 2023-08-10 16:09 | Report Abuse

The successful debt restructuring with banks holds several positive implications for SAPURA ENERGY:

1. Financial Stability
2. Creditor Confidence
3. Operational Continuity

SAPURA ENERGY is on track to exit PN17 status, and this development is expected to drive a positive movement in the share price as investors anticipate this significant milestone.

Posted by wh1881 > 2023-08-10 16:14 | Report Abuse

Hi DatoT20, how reliable is your source? any ideas how is the restructuring plan?

Posted by DatoT20 > 2023-08-10 16:18 | Report Abuse

I've been actively challenging scammers on this forum for the past few months. Individuals like Bobaxelrod, Huang, OKU, and DickyMe are consistently posting in the Sapura Energy Forum, urging shareholders like us to cut losses at 0.035 & 0.03.

It's apparent that they likely cut their losses after purchasing at higher prices than us. We, the new shareholders, managed to buy SAPURA at the bottom price. Our investment cost is significantly lower. We made the decision to invest when everyone else was advising us to sell our shares.

Posted by thetruthstory > 2023-08-10 16:28 | Report Abuse

another half hour b4 closing and monday with good election results culminating into big foreign funds coming in, although it might not happens, but what if

Posted by thetruthstory > 2023-08-10 16:29 | Report Abuse

either it remains at .055/.06 or a big jump across the board

Posted by izoklse > 2023-08-10 16:30 | Report Abuse

No wonder Brunei, ADNOC, Philippine are interested to buy stake in this company.

Posted by kyliew > 2023-08-10 16:31 | Report Abuse

Tp 20cents coming

Posted by DatoT20 > 2023-08-10 16:33 | Report Abuse

Hey there, i3lurker! Are you still around?????????? Where were you when SAPURA ENERGY's share price went from 0.035sen to 0.06sen, a gain of 70%???????

You used to label me a scammer whenever I encouraged shareholders to hold onto their shares. I distinctly recall the time when SAPURA was trading at 0.03/0.035. You and your pals had a good laugh at our expense. You trolled us relentlessly. Thankfully, I didn't fall for it and managed to gain 70% despite your negativity.

It's a bit disheartening to think about the other shareholders who heeded your and Bob's advice.

Posted by DatoT20 > 2023-08-10 16:38 | Report Abuse

I still remember when i3lurker, OKU, Bob, and Huang posted about an inaccurate Sapura Shareholders list. They shared a website claiming that PNB had sold its stake in SAPURA ENERGY.

In response, I countered your argument by providing a screenshot from my Bloomberg Terminal, clearly indicating that PNB still held 40% of the shares. Your response? You dismissed my Bloomberg data as fake, and you even had a good laugh about it.

Regrettably, your comments led some Sapura Energy shareholders to cut losses at rock-bottom prices.

Posted by Michael R. > 2023-08-10 16:41 | Report Abuse

they convinced others to CUT so that they to collect...

Posted by DatoT20 > 2023-08-10 16:41 | Report Abuse

Is a 70% gain over 4 months considered a mediocre investment?
Say whatever u want, but remember, you chose to cut your losses at the lowest price point. No need to be so upset with us. Hahaha =D

Posted by ypteo > 2023-08-10 16:43 | Report Abuse

Thank you DatoT20, very good piece of comments/input from you. Helpful to the new investors. how do you think going forward ? good chance for it to move to 0.07/0.08 ?

Posted by Michael R. > 2023-08-10 16:44 | Report Abuse

Where elsewhere to get 70% gain???

Posted by Michael R. > 2023-08-10 16:46 | Report Abuse

Today's T3 all absorb... no pump n dump... no contras

Posted by DatoT20 > 2023-08-10 16:46 | Report Abuse

Hello Michael R.!

Do you believe these scammers actually told us to cut losses just so they could benefit? Nah, I highly doubt it. These types of scammers on i3 don't seem capable of being stock manipulators. They're financially limited, probably can't even afford a simple nasi lemak for breakfast.

They're not in a position to buy SAPURA ENERGY SHARES. They've already cut their losses at the lowest price point. Their resentment is evident. They likely don't want SAPURA to make a recovery because that would be even more detrimental to them.

Posted by Michael R. > 2023-08-10 16:48 | Report Abuse

Wonder what and why the CEO made this press release during these hours : https://www.nst.com.my/business/2023/08/940875/restoring-health-sapura-energy

must be something is brewing..

Posted by kyliew > 2023-08-10 16:49 | Report Abuse

Black hearted ppl

Posted by Michael R. > 2023-08-10 17:00 | Report Abuse

hehehe ... dont be racist...

---------------

kyliew

Black hearted ppl

10 minutes ago

Posted by kyliew > 2023-08-10 17:06 | Report Abuse

Me racist?

Posted by Silentreader88 > 2023-08-10 17:12 | Report Abuse

i3lurker, OKU, Bob, and Huang are all rubbish and brainless haha. Dirty talk just either wanna collect low OR they cut already and want others to suffer like them.

Anyway today, all force selling T3 well absorbed! at 0.055. Slowly but surely climbing up to prev resistant 0.120

Posted by DatoT20 > 2023-08-10 17:25 | Report Abuse

i3lurker is Sapura truly just a mediocre investment?
Then what brings you to this forum?
Are you spending your time in a forum for a mediocre counter? Or are you here to scam?

When SAPURA's value climbed from 0.035 to 0.06,
And I persistently advocated for shareholders to HOLD rather than CUT, it's quite evident that I'm not a scammer.

The real scammer is the one who advises people to cut their losses at rock-bottom prices, just like you.

Posted by kyliew > 2023-08-10 17:28 | Report Abuse

When scammers out of ideas to scam ppl, they use "racist". When I ask them, do they own any shares in Sapura, they keep quiet

Posted by kyliew > 2023-08-10 17:30 | Report Abuse

Sapura BOD, management, and staff majority are who? I buy SAP I don't even think of this. You don't b like PAS said something but hit you back

Posted by kyliew > 2023-08-10 17:31 | Report Abuse

Stupxdity at highest level

Posted by happybuying > 2023-08-10 17:34 | Report Abuse

I am new to 5218..I have taken time to read all the recent comments here...
I have invested in 5218 at 0.06 and after doing my own research, I am glad that we have genuine investors in i3. I believe and appreciate those opinions of DatoT20. Whatever is written is supported with factual information, but of course you need to form you own opinions, and I can sense DatoT20 sincerity. I hope to profit with you all who has faith with Sapura Energy Management Team. Go and read their AR to known these key people better.

Posted by kyliew > 2023-08-10 17:45 | Report Abuse

Do u own shares in Sapura? So kind of you for the reminder. Now get lost scammers

Posted by happybuying > 2023-08-10 18:04 | Report Abuse

All investors of SAP should be united here and hope for the best for SAP, right? All should have mutual interests, so I dont understand why are people here bad-mouthing SAP? If you dont invest in SAP, why are you commenting here?

Posted by daryltkt > 2023-08-10 18:13 | Report Abuse

Why wasting your time here instead of making $27mil as you mentioned earlier.You can easily made a few hundred k from the time you wasted typing in this forum.

Posted by kyliew > 2023-08-10 18:13 | Report Abuse

Dah start ckp topik lain....

Posted by wh1881 > 2023-08-10 18:26 | Report Abuse

Yes agreed with kyliew.. Changed topic.. Based on last week trend, sapura will come another round after big sell out well absorbed.. Just hope next wave come with great news like dato t20 mentioned earlier.. Go go go sapura!

Posted by kyliew > 2023-08-10 18:29 | Report Abuse

This scammer very fast changes d topic when we try to b factual in the conversation... Flip flops

Posted by epal22 > 2023-08-10 18:39 | Report Abuse

There will be an egm before Nov if everything goes well, hope can join physically

Posted by Loh Kok Wai W > 2023-08-10 18:56 | Report Abuse

对於 Sapura 要有耐心和信心。。。。才可以赚大钱。。。Need to Confidence and Patience.....

Posted by wh1881 > 2023-08-10 18:58 | Report Abuse

Yes I will join the rgm if time allows.. But just hope sapura let me make big money first before the egm.. Lol

Posted by TRexxx > 2023-08-10 19:07 | Report Abuse

Sapura Energy Bhd, a Practice Note 17 (PN17) company, is in the final stages of completing its restructuring scheme with lenders and trade creditors. Group chief executive officer Datuk Anuar Taib told the New Straits Times that Sapura Energy expects to wrap up the process by the end of the year. Sapura Energy's restructuring will also entail a potential financial investment of about RM1.8 billion from a white knight, which according to Anuar will support the group's goal to preserve the industry eco-system. (NST)

White Knight appear for SAPNRG

Posted by Follow80 > 2023-08-10 19:10 | Report Abuse

Apa cerita esok😁

Posted by TalkNumberOne > 2023-08-10 19:10 | Report Abuse

Old woman appear Ah? Hahhaha want to feel relevant? Woi old woman your balls also you swallow already what else to feel relevant with?

Posted by kyliew > 2023-08-10 19:17 | Report Abuse

Grand finale episode last2 saved by Petronas instead of Pak Arab? Wow that's interesting story plot twist

Posted by kyliew > 2023-08-10 19:17 | Report Abuse

U never know what is the ending story

Posted by TalkNumberOne > 2023-08-10 19:41 | Report Abuse

🤣🤣🤣 old woman already swallow your own balls. Still want to come and beg for people to bash you. Haha well sorry old woman. I don’t bash people without balls. Too bad you swallow yours

Posted by Loh Kok Wai W > 2023-08-10 19:43 | Report Abuse

Sapura may push...til X'mas..,CNY.......

Posted by Michael R. > 2023-08-10 19:52 | Report Abuse

The White Knight could be Pet,PN, Kh,KW1,KW2.. etc.. list goes on..

Posted by Elaphe > 2023-08-10 20:00 | Report Abuse

Sure or not got option A. Like kaya ohh.

Posted by kyliew > 2023-08-10 20:03 | Report Abuse

So tomorrow news will be on the completion of the creditors negotiation?

Posted by Felix888 > 2023-08-10 20:30 | Report Abuse

In the movie A Beautiful Mind the mathematician has Paranoid Schizophrenia, a mental illness splits from reality and paranoia.

The old man below also has the same symptoms, in his paranoid world he earned 27 million in 10 years. In his reality world his convinced himself this RM 27 million is real.

Posted by i3lurker > 4 hours ago | Report Abuse

in the movie Casablanca, there is a scene about a feller who is pro pickpocket warning about pickpockets

Posted by i3lurker > 3 hours ago | Report Abuse

if RM10,000 does not become RM27 million in 10 years its a really mediocre investment.

Posted by Elaphe > 2023-08-10 20:34 | Report Abuse

I3 lurker, call all your friend come la, I support option A. To our success.

Posted by Felix888 > 2023-08-10 20:38 |

Post removed.Why?

Posted by limitupandsurewin88 > 2023-08-10 21:27 | Report Abuse

Restoring the health of Sapura Energy
By Zuraimi Abdullah August 10, 2023

https://www.nst.com.my/amp/business/2023/08/940875/restoring-health-sapura-energy

KUALA LUMPUR: Sapura Energy Bhd, a Practice Note 17 (PN17) company, is in the final stages of completing its restructuring scheme with lenders and trade creditors.
Group chief executive officer Datuk Anuar Taib told the New Straits Times that Sapura Energy expects to wrap up the process by the end of the year.
Sapura Energy's restructuring will also entail a potential financial investment of about RM1.8 billion from a white knight, which according to Anuar will support the group's goal to preserve the industry eco-system.
Anuar also noted that the group had validated RM1.5 billion in claims from about 2,000 vendors through a Proof of Debt exercise involving trade creditors.

To address its PN17 status, he said Sapura Energy had appointed MIDF Amanah Investment Bank Bhd as principal adviser to help formulate a regularisation plan for submission to Bursa Malaysia.
The stock market regulator has granted Sapura Energy an extension of time up to Nov 30 this year to submit the plan to the relevant regulatory authorities.

"We have consistently stated that our aim in the restructuring negotiations is to ensure a fair and equitable solution to all stakeholders, including our lenders, vendors, shareholders and employees.
"We aim to restore the financial health of Sapura Energy by reducing our unsustainable debt, because we believe this is a Malaysian company worth saving. We contribute to the country through taxes, foreign exchange inflows and economic linkages in areas where we operate."
Anuar pointed out that in the last financial year alone, the group had contributed about RM72 million in taxes and RM4.2 billion in contract payments to vendors and suppliers, most of whom are Malaysians.
"We paid more than RM1 billion in wages, where 80 per cent of our talents and skilled workers are Malaysians who are likely to spend their earnings in the country. We have built an arsenal of capabilities and assets that have positioned us as a world-class competitor in the global energy sector."
He stressed that liquidating the company or breaking it up will hurt not just the shareholders and employees, but also the many Malaysian businesses and families who rely on it.
"In the same vein, it is just as important for us to resolve our overdue trade payables to vendors. Our vendors went through the same difficulties as us, with the smaller ones in an even more vulnerable position.
"Resolving our dues to them is just the right thing to do. We understand the importance of preserving the oil and gas eco-system and ensure that they too can survive and thrive in the energy transition."
On the recent audit conducted by Ernst & Young, which highlighted concerns about Sapura Energy's long-term viability as a going concern, Anuar said the finding, which was contained in its 2023 annual report was not new.
"It was also a finding posted in our FY2022 Annual Report. The findings are to be expected under the requirements of Financial Reporting Standards given our status as a PN17 company.
"This is fair, as it provides caution to investors who are thinking of buying our shares. At the same time, I'd like to emphasise that despite our financial constraints, Sapura Energy remains a going concern.
"We have shown encouraging financial results, we continued to win new contracts in Malaysia and internationally, and we have managed a stable cash position. These factors provide a good foundation for us to complete the task at hand, which is to fully implement our Reset Plan and exit the PN17 status."
Anuar reiterated that Sapura Energy aims to restore iots financial health through the debt restructuring exercise; and strengthen operations through its principle of "Bid Right and Execute with Discipline".
"The next step would be to enhance how we acquire and develop technology, talent and funding in the company, to enable us to thrive in the Energy Transition," he said.