Alot of people are very concern about consolidation and then RI....Seriously it will not happen 9--15months after release from PN17. Reason is very simple. Look at the market price now, 4sens how much can you raise if SAP reduce Outstanding shares ( consolidation ). My estimate is SAP need about 2 billion thru RI ( very Big # ) Known Fact is PNB will NOT agree bcos they can pump 1.80B thru private placement, no need white knight. Shahril Cannot even pick-up last RI shares ( 50% sold in open market )----Now that 40%( pnb + shahrill ) will not participate in RI, it is doom to fail. Bcos 60% of remaining shares are held by ikan bilis who are more likely to Dump than collect more thru RI. However there is a syndicate Or Bankers moping up shares on a Daily basis. Rich people knows how to make money easily.
AAX is a Good example on how "hired syndicate" helps to manipulate price.....After restructuring, aax is priced at 70sens....management want sell shares for 50mil cash thru PP at 1.55....Current Market price 2.34 pushing to RM3.0. If you are PP buyers, margin is Good ( Buy today Sell tomolo ) Do I see similar operation in SAP after PN17 jail-Break---almost 100% based on current syndicate operation
Maybe this is the Only way to raise Cash!!!!!!!!!!!!!
Very soon, doom or boom, regulator loss patient. SAP started fren with minister mi isters.
CEO always said no need gov help, after dragging 2 year ++, recent interview show that CEO started the narrative how Malaysian needed SAP, how much tax they have paid, how much salary to Rakyat and how many Malaysian and Sub con needs them...
Either doom or boom, not far from now given the due date is Nov..2 months left only. Insider will always act earlier
Fully agreed Nikmon..the deadline is 30 Nov to submit the plan and exit pn17.. If anything needs shareholder approval should be before this deadline so basically is about 2 months left now.. No point saying good or bad regarding sapura.. Only insiders know how is the progress and reflect in volume and share price.. Up to each individual to judge the risk and return..
Just like CapitalA, Lady Sapura was also affected by the Pandemic and has the same target to get out of PN17 by the end of this year. 1.80bil White Knight Loan is really the most crucial factor that allow our Lady to jump out of PN17. Pay off 1.5Billion "known Creditors"(Court Cluster) will save SAP on-going concern. As for Bank, maybe a small haircut like taking SAP Drilling Company Shares (already proposed) and roll-over 10billion loan.
Here is one of the fields that is our Lady is operating. The field is owned by Sapura Energy, OMV, Petroliam Nasional and Shell. Production from the Jerun conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2048.
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Contract Amendment 9/6/2023 Bon888 requested to change the ID to Felix888. Referee Approved and Signed.
Ladies and Jantanman the Janda Sapura finally ada satu competition between the Promoter Bon888 and Penkritik Bobby. They have decided to accept the term and condition to compete for the next 9 mths. Whoever win one can stay back and the loser has to get lost from Janda Sapura forum. You both cannot change the term until the 9 mths ended and Referee will announce the result 9 mths from today 8/6/2023.
Bon888 the Challenger as long as Janda Sapura hit 7sen will be the winner
Bobby as long Bon888 failed to make Janda Sapura 7 sen within the 9 months Bobby will be the winner.
The rest spectators want to support participant also can add your name you sapot siapa.
what is there to be worried about consolidation?? If consolidation 10 to 1, then assuming price per share is 0.055, then when consolidation take place, your 100,000 shares will become 10,000, but price per share will increase from 0.055 to 0.55. The same happens for AAX when they have share consolidation.
Opposite of Share Consolidation is Share split. It also affect the numbers of shares available, but does not change the market capitalization, nor your holding in value. So what "How if consolidation.."
Even with consolidation this will be a cash burning company with their mammoth staff and leaky benefits ranging from new baby, kenduri kendara, liwatan sambul belanja, sedekah, kuih-muih & teh for every meeting of each department which overlaps in their duty..and..and..the list goes on..jenuh!!
you already agreed to all those uncountable donations like sand when you bought Sap Sap share
Posted by DickyMe > 13 minutes ago | Report Abuse
Even with consolidation this will be a cash burning company with their mammoth staff and leaky benefits ranging from new baby, kenduri kendara, liwatan sambul belanja, sedekah, kuih-muih & teh for every meeting of each department which overlaps in their duty..and..and..the list goes on..jenuh!!
i bought sapura 0.08 cts..since last..years (still hold )...n now sapura is 0.05--0.06 cts.....PNB bought 1.00.......why worry....Sapura unlike Serbadak, n other Penny Stock....Fintec,Lambo,Anzo.....n more....
When dealing with a hair cut , as to my experience , share holder maybe also be robbed into the equation. And for sapura chances will be not unless PNB willing to let go with some losses. Just 2months down the road , we will see which side of the story it will unfold to.
So nice to read so many daydreamers' stories of making profits and getting dividends in the long run. These people are fooling themselves without looking at the implications of the 15+Billion Debts and the timeline cut by Bursa for Restructuring Plans.
It's like the debts never exists and now, at such low price, what a bargain..........crazy, foolish bilis........
Operators have been manipulating and sweeten the price a little lately, perhaps to make a big run for the door soon at next push.........
Then the News of Consolidation and raising of funds........Retailers vomit out money, money, money.......or lose their holdings........all still losses.
If the News as spewed by these rumors mongers are so great, why hasn't the price jumped above 7c????? Because, they push and dump at same time..........fools!
There are so many Operators looking to make a few bucks quickly. They looked at the timeline, coast is clear to play and bang a few rounds..........same as in Serba and others......NOT ON FUNDAMENTALS OR FINANCIALS....pure basic hit and run....
Ular otak ingat ...many old story.......saya sendiri pun tak ingat....hahaha........top glove, hatra,supermax,serbadak,...those counter old story dia pun ingat....tak bolih lawan dengan dia.....Sapura History The highest Price is ??? Ular r u remember ???
The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
Why Are Billionaires Loading Up on Oil?
The most powerful investors in the world are loading up on energy investments. Warren Buffett has invested over $50 BILLION. Billionaire Ken Griffin increased his holdings by 150%. Carl Icahn has made a billion-dollar bet!
Why exactly?
It may be because they see a continued rise of oil on the way. JP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing.
Lady Sapura owned oil and gas reserves of 264,000,000 million barrels with a gross value of RM110.8 billion.
If restructuring plan not approved..
- PNB and Maybank lose money - Sapura staff lose job - Government can no longer get corporate tax from Sapura - Government can no longer get Sapura employee income tax. - Vendors lost business opportunities/projects from Sapura. - Banks may not recovery borrow money - White Knight not cumming..
Meow
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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....
SinGor
4,917 posts
Posted by SinGor > 2023-08-20 10:24 | Report Abuse
Alot of people are very concern about consolidation and then RI....Seriously it will not happen 9--15months
after release from PN17. Reason is very simple. Look at the market price now, 4sens how much can you raise if
SAP reduce Outstanding shares ( consolidation ). My estimate is SAP need about 2 billion thru RI ( very Big # )
Known Fact is PNB will NOT agree bcos they can pump 1.80B thru private placement, no need white knight. Shahril Cannot even pick-up last RI shares ( 50% sold in open market )----Now that 40%( pnb + shahrill ) will
not participate in RI, it is doom to fail. Bcos 60% of remaining shares are held by ikan bilis who are more likely
to Dump than collect more thru RI.
However there is a syndicate Or Bankers moping up shares on a Daily basis. Rich people knows how to make
money easily.