SAPURA ENERGY BERHAD

KLSE (MYR): SAPNRG (5218)

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Last Price

0.04

Today's Change

0.00 (0.00%)

Day's Change

0.035 - 0.04

Trading Volume

18,957,000


80 people like this.

147,527 comment(s). Last comment by TalkNumberOne 19 minutes ago

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-23 11:18 | Report Abuse

Poor Mabel

700 days wake service.. U also come pay your respect?

3c average?? How come your average so low? Even pro like Auntie Felicia on 3.75

Your average doesnt include price bought higher than 3c?

Kantoi again 😁😁

Mabel

24,281 posts

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

Can't imagine how some one can wait 10 years' ...hihihi...

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-23 11:26 | Report Abuse

10 years is not really long.. but your standard of investing will not know this.

Ask around.. u will find out what you did wrong

HAhhahaha

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-23 12:58 | Report Abuse

Hahaha Mabel, don’t even try to understand siao lang. 😂😂 already gone case RIP

Mabel

24,281 posts

Posted by Mabel > 2023-11-23 19:47 | Report Abuse

Haha Talk#1, I agreed. Ya lor 10 years with dead corpses....sure finish one..hihihi

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 00:01 | Report Abuse

🤣🤣



Bunch of sour puss stuck 1 year in SAP..

Understand perfectly fine. You all made such good bets.. haha

Let’s see SAP can hit 1000 days stuck in 5c drain

Hahahaha..

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 00:05 | Report Abuse

Hahaha… seems all the crazies and kongkams are promoters in SAP.

U all better don’t be like Mabel.. run away from Serba. Don’t even dare to show face and talk gibberish

😂

Elaphe

346 posts

Posted by Elaphe > 2023-11-24 00:30 | Report Abuse

Nothing happening here, so much noise. Felix is a gone case for sure.

Mabel

24,281 posts

Posted by Mabel > 2023-11-24 09:47 | Report Abuse

Haha only dead corpse is still in Serba..

The only different between SD and SE is that SE CEO is honest and transparent compare to DK..

Hope there is a change in Management in SD to capitalise on Mabel 2019 Free Warrant which Auntie Huang doesn't have..She's stick stuck in SD penthouses..hihihi

Meow

Mabel

24,281 posts

Posted by Mabel > 2023-11-24 09:48 | Report Abuse

10 years with dead corpses....sure finish one..hihihi

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 10:00 | Report Abuse

ConMabel

Changed story again?

First.. I bought in 2013, sell in 2020

Failed and change again to now keep 10 years?

When you will post honestly in i3?

😂😂

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-24 10:07 | Report Abuse

Hahaha Mabel doesn’t matter with dead corpse or what? Siao lang confirm lost in stock market or his life with his sad face mentality.

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 10:10 | Report Abuse

Win or loss is common..

What is not common holding a dead stock.

😂😂😂😂

Mabel

24,281 posts

Posted by Mabel > 2023-11-24 10:46 | Report Abuse

TalkNumberOne Hahaha Mabel doesn’t matter with dead corpse or what? Siao lang confirm lost in stock market or his life with his sad face mentality.
24/11/2023 10:07 AM

Touche Talk#1!...hihihi

Mabel

24,281 posts

Posted by Mabel > 2023-11-24 10:48 | Report Abuse

Let see how we compare the turnaround prospect between Auntie Huang's Femes PMCORP and Mabel’s Beautiful Sapnrg..

PMCORP is an investment holding company that operates mainly in the food segment, manufacturing, exporting, marketing and distributing chocolate and confectionery products. Sapnrg is an integrated oil and gas services and solutions provider that operates in the engineering and construction, drilling, and energy segments.

Both companies have faced challenges in 2020 due to the Covid-19 pandemic and the plunge in oil prices. However, they have also shown some signs of recovery and improvement in 2021.

For PMCORP, the company reported a net profit of RM1.9 million for the fourth quarter ended June 30, 2021, compared to a net loss of RM3.6 million in the same period last year. The company attributed the turnaround to higher sales volume and better margins from its food segment, as well as lower operating expenses and finance costs. The company also declared a dividend of 0.5 sen per share for the financial year 2021, the first time since 2018 while Auntie Huang was hibernating like Monk. The company has also disposed of a property in Shah Alam for RM41 million in cash, which will boost its cash flow and reduce its gearing ratio.

For Sapnrg, the company reported a net profit of RM97 million for the second quarter ended July 31, 2021, compared to a net loss of RM815 million in the same period last year. The company attributed the turnaround to higher revenue from its engineering and construction and drilling segments, as well as lower impairment losses and finance costs. The company also secured new contracts worth RM1.4 billion for a gas complex project in Angola, which will enhance its order book and future earnings visibility. The company has also reduced its net debt by RM1.6 billion in the first half of 2021 and aims to achieve a net debt to equity ratio of below 0.5 times by 2023.

Based on the above, Mabel would say that both PMCORP and Sapnrg have shown positive turnaround results in 2021, but Sapnrg has a stronger turnaround potential than PMCORP, as it has a larger and more diversified business portfolio, a higher and more stable revenue base, a bigger and more secured order book, and a more aggressive and achievable debt reduction plan.

To Our Success!

Captain Mabel Meow

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 10:48 | Report Abuse

Hahhaaha

Since no one interested in SAP anymore.. I help entertain and keep thread active..

If not really.. SAP after wake 700 days.. go straight underground

😂😂😂

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 11:19 | Report Abuse

Hahhaa.. nice one Racist Auntie Felicia

U apologized yet to Macgyver ? Too big ego ka ?

😂

Huangbk72

5,076 posts

Posted by Huangbk72 > 2023-11-24 11:30 | Report Abuse

Of course joke to you.. not to the one receiving it.

That’s how Racist work.

U forgot MacG diu u? He didn’t take it as a joke

Nhamir

124 posts

Posted by Nhamir > 2023-11-24 15:57 | Report Abuse

where dato' T20/bangsawan datok2
dont any news? good news or bad news?

Mabel

24,281 posts

Posted by Mabel > 2023-11-24 21:31 | Report Abuse

Haha Dato T20 very confident like Mabel...

We can continue Goyang Kaki here...

With 5 sen, Sap is Very Green in the portfolio...

Today both Mabel PN17 Turnaround Companies is so Green today..

Life is so beautiful...

Meow

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-25 09:46 | Report Abuse

😂😂😂 siao lang you really got nothing else to do except forum. Sad uncle la, put your sad face aside maybe your family will take you back la. I bet now they hope they can serve you in a silver platter to your neighbour old Wong hahahhaha.

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-25 12:16 | Report Abuse

Aiyo Felix kena flag again. Haha funny la you. Siao lang doesn’t like you Felix, siao lang only like neighbour old Wong.

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-25 14:33 | Report Abuse

Hahaha Felix. Neighbour old Wong can have 2 x entertainment also ma. Siao lang and his weird fantasy of likes to be bashed by people and begging everyday to be my pet. I am sure neighbour old Wong can lend a hand here

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-25 14:34 | Report Abuse

Today not bad performance siao lang didn’t appear and waste time here. Maybe he is enjoying his moment with old wong

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-25 14:35 | Report Abuse

But be prepared after old Wong whack his sore sssssss. He will come back with a vengeance

SinGor

4,932 posts

Posted by SinGor > 2023-11-25 18:40 | Report Abuse

SAP may surprise with a strong up-tick in Profit in coming Qr bcos profit will Not pull-down by Forex loss..Palm-oil
Exporting Co like IOI didnT report forex loss....Earnings not capture last Qr will be reported this Qr and across
the Board Bursa Report until Friday indicate Raw Material Inflation is sliding Downwards

Nikmon

3,019 posts

Posted by Nikmon > 2023-11-25 20:47 | Report Abuse

The key is still restructure, the EGM also no sound, deal with creditor by end of the year....

Posted by BobAxelrod6868 > 2023-11-26 07:08 | Report Abuse

No reply from Bursa yet.......not enough submission of A4 papers??????

Extension for how long??...just delay cremation.......No extension, earlier burial date.

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-26 09:04 | Report Abuse

Hahaha so early la siao lang, Woi RIP as claimed by you for a year, still no happen? Now you busy body extension? Only submitted for a week or so not even one year, go ask the sad face in the mirror where is 1 sen and RIP first.

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-26 09:05 | Report Abuse

After RIP achieved then you can start to ask about where and where extension.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2023-11-28 07:35 | Report Abuse

Already 1 month after submission of A4 papers.........still no reply from Bursa on extension......nice!

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2023-11-28 07:59 | Report Abuse

Could be a shorter few months extension to coincide with expiry of RO.........or it may not be given any extension at all......Great!!!

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-28 08:21 | Report Abuse

hahaha Felix is back 😂😂 Felix vs siao lang

Mabel

24,281 posts

Posted by Mabel > 2023-11-28 11:52 | Report Abuse

Oil is often a subject of subsidy because governments want to protect consumers by keeping fuel prices low, but this comes at a high cost. Subsidies have negative effects on fiscal balance, economic efficiency, environmental quality, and social equity. Subsidies also encourage oil dependence and reduce incentives for energy conservation and innovation.

Sap is definiely a national asset. Besides having an asset of more than RM 110 billion, what Mabel like about Lady Sapura is their fantastic funnel list. SE follow Mabel footstep to tap the lucrative World Market instead of being too dependent on Malaysia.

More than 85% of potential business is coming outside Malaysia. Imagine when SE is out of PN17, the funnel list has a huge potential to grow since they will not be tied down to their current limited working capital.

Mabel

24,281 posts

Posted by Mabel > 2023-11-28 11:53 | Report Abuse

https://ceomorningbrief.theedgemalaysia.com/2023/0676/

It's on front page news..

Mabel

24,281 posts

Posted by Mabel > 2023-11-28 22:02 | Report Abuse

According to my search, Permodalan Nasional Berhad (PNB) has subscribed in full to the Islamic redeemable convertible preference shares (RCPS-i) of RM1 billion issued by Sapura Energy Berhad.

Does anyone know what will happen after 23rd January 2024 for those unsubscribe shares? Will PNB absorb it?

Mabel

24,281 posts

Posted by Mabel > 2023-11-28 22:04 | Report Abuse

This article first appeared in The Edge Malaysia Weekly on November 29, 2021 - December 5, 2021

IN September 2018, debt-ridden oil and gas company Sapura Energy Bhd announced that Permodalan Nasional Bhd (PNB) had committed to taking up any unsubscribed rights shares, which would nudge the state-controlled unit trust company’s shareholding up to 40% and make it the largest shareholder of the company.

PNB’s stake in Sapura Energy, held under its various funds, was only 12.16% before the rights issue. It also fully subscribed for the latter’s Islamic redeemable convertible preference shares (RCPS-i), which were part of a RM4 billion cash call — RM3 billion from a five-for-three renounceable rights issue at 30 sen per share, and RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.

https://theedgemalaysia.com/article/cover-story-pnbs-investment-ailing-sapura-energy

Meow

Nikmon

3,019 posts

Posted by Nikmon > 2023-11-28 22:36 | Report Abuse

PNB won't convert, not making business sense, can it redeemable, regardless which move it take, PNB going to making huge loss I think.

Nikmon

3,019 posts

Posted by Nikmon > 2023-11-28 22:39 | Report Abuse

Bursa neither reject or accept the extension request SAP, Bursa just silent but due date near, 2 days left

Mabel

24,281 posts

Posted by Mabel > 2023-11-28 22:52 | Report Abuse

Noted and thanks Nikmon..

Mabel takeaway is simple based on the above article...

PNB’s stake in Sapura Energy, held under its various funds, was only 12.16% before the rights issue. It also fully subscribed for the latter’s Islamic redeemable convertible preference shares (RCPS-i), which were part of a RM4 billion cash call — RM3 billion from a five-for-three renounceable rights issue at 30 sen per share, and RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.

In simple term that's PNB cost without taking into account of the 12.16% before the right issues is between 30 to 41 sen per share. As long as Mabel's cost is below (way way below) the PNB Cost, Mabel can continue to Goyang kaki...

To Our Success!

Meow

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-11-29 07:36 |

Post removed.Why?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-11-29 12:10 | Report Abuse

Selling Q has increased to 100 millions shares, too few EXITS for suiyee sucker bilis soon......

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-11-29 12:15 |

Post removed.Why?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-11-29 12:20 |

Post removed.Why?

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-29 13:18 | Report Abuse

haha siao lang finish getting violated by neighbour old Wong or finish violating old Wong? Whichever it is you bo tak chek mana sekolah lu?

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-30 07:31 | Report Abuse

siao lang so quiet. Haha 😂😂😂😂 scared his prediction wrong again Ah? Don’t need scared la you got a proven track record. 100% wrong accuracy. I don’t know how you maintain that 100% wrong prediction. You just need to switch over on the e other side you become 100% right

Elaphe

346 posts

Posted by Elaphe > 2023-11-30 09:48 | Report Abuse

The price has not move at all. Felix barking day and night..

TalkNumberOne

3,054 posts

Posted by TalkNumberOne > 2023-11-30 10:18 | Report Abuse

Haha this siao lang pretender, who barks for more than a year and price no move? Suddenly Felix kena pula. Use la brain. Nak showoff tapi bo tak chek, mana sekolah lu?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-11-30 10:31 | Report Abuse

Cham lor...Bursa doesn't give reply to Extension.....maybe wants to give Suspension of Trading soon.

Posted by badprecedent > 2023-11-30 10:32 | Report Abuse

talk no.1 still talking nut, we here bagging big

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