Those bankers who wanted to Buy will Never say Good things ( always say No Future ) No Institution will waste human resources to "Give Tp"-----Why Talk 24/7 here, Got 1000 stocks in Bursa Look at OldMan Bobby, die,die also want to say something-----SomeMore Change ID thinking ppl donT recognise a smelly Pig
Hahaha Felix so excited. Becareful yo siao lang so quiet. Haha when he is quiet time to sell. Remember his 100% wrong prediction record still cannot be beaten
This is the Plan...........always has been and always shall be.....
Sharks tell the Sucker Suiyee Bilis, I like this Property but the Owner wants to sell at 1.3 million, I am offering 1.0 million. Sucker suiyee bilis, please buy at 1.3 million, do some renovations for 700K and then sell to me at 1.0 million.............50c to the dollar.
White Knight Fund will arrive in Jan 2024 as announced by management "provided 10Bil local Debt" are settled----It makes sense White knight Loan is just One Billion++ Not enough to cover 10Bil----- White Knight money is for "Cash Flow only " If you look at recent Qr results, SAP cannot complete projects ( no cash ) Revenue Down compare with last Qr. Also allocate 12mil as impairment.... If you add, 12mil and extra profit for completion projects, Bankers will be screaming Add, Add---- Of course Bankers know, but why alarmed Ikan Bilis if they are Buying
Meanwhile Shares of Lady Sapura (P1) were the most actively traded on Thursday across all Bursa securities, with 193.68 million shares changing hands though its share price was unchanged at five sen, valuing it at RM798.95 million.
KUALA LUMPUR (Dec 14): Sapura Energy Bhd has been granted a second extension of up to May 31 next year to submit its Practice Note 17 (PN17) regularization plan, which was supposed to be due on Nov 30, 2023.
“The extension of time would enable the company to continue building a robust regularization plan based on the ongoing debt restructuring exercise, which is well underway following the confirmation for its proposed restructuring scheme approval-in-principle from the Corporate Debt Restructuring Committee,” said Sapura in a stock exchange filing on Thursday (Dec 14).
Great progress this week with 3rd consecutive profits with restructuring plan to get out of PN17 is on target. 2 pending good news of Sapura to get out of PN17; Sale of SapuraOmv and White Knight
As announced in the last AGM, White Knight is expected to arrive in Q1 2024. Sapura's current market cap is about RM 800m, with Sapura selling OMV at a price of RM5.73b. Sapura's value will double, and the market cap should reflect the sale.
PNB, with its large holdings in Sapura, will need to increase the share price which reflects the real market value of Sapura. Rakyat is the largest shareholder of Sapura Energy when Amanah Saham Bumiputara owns 4,805,895,739 or 30.08% interest. This does not include Amanah Saham Malaysia 2 – Wawasan, Amanah Saham Malaysia 3, Amanah Saham Bumiputera 3 – Didik, Amanah Saham Nasional, and Amanah Saham Bumiputera 2.
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..
Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.10 loss in 3Q 2023)
Third quarter 2024 results: EPS: RM0.002 (up from RM0.10 loss in 3Q 2023). Revenue: RM1.12b (down 11% from 3Q 2023). Net income: RM30.9m (up RM1.65b from 3Q 2023). Profit margin: 2.8% (up from net loss in 3Q 2023).
Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.9% decline forecast for the Energy Services industry in Malaysia.
Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
Over the last 3 years on average, earnings per share has fallen by 17% ( due to financing costs, as well as the lack of access to bank guarantees and working capital from Madani) per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
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.
Siao lang bo tak chek, care to repeat again what you have said over a year and your golden record of 100% wrong prediction. I help you to start with your latest.
No extension granted, even if granted it won’t be six months - tadaaaaaaaa wrong to max I don’t know how much more wrong this siao lang can be. Perhaps sure existent if siao lang is wrong altogether. 🤣🤣🤣 Woi siao lang bo tak chek, mana sekolah lu?
This forum has become overly negative and toxic. That's why I haven't commented here for a long time. There's a lack of genuine discussion, only mockery and trolling. Individuals who haven't invested in Sapura Energy continuously trolling those who have.
I fail to comprehend the motive behind this behavior. What benefit do individuals gain from such actions? There's a whole real world beyond this forum, yet some individuals have been stuck here for over a year, regurgitating the same content.
Ironically, the ones truly STUCK are those who spend their entire day commenting here, lacking a life outside this forum. What a nerd
Yesterday's total traded was 190 millions shares valued around RM10 million. Do you think the Traders would want to wait for T3? Do you think again that those experienced Traders would want to hold this RISKY stock for the next 6 months?????? mana Otak kau??? Buntut???
MrHuangBK Conmabel ah.. why never share theedge comment on core profit? Selective again?
🤣 15/12/2023 9:03 AM
Haha you mean Auntie Huang PMCorpes ke?
It has been a long time since the asset-rich but soooo cash-flow-light Auntie Huang group of companies undertook a corporate transaction in the country.
PM Corpes proposed the purchase of a 51% stake in A&W (Malaysia) Sdn Bhd for RM21 million, to be paid in cash and shares. The seller, Inter Mark Resources Sdn Bhd, will get RM11.6 million in cash, with the rest to be paid in Auntie Huang PM Corpes shares.
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....
Nikmon
3,009 posts
Posted by Nikmon > 2023-12-14 09:33 | Report Abuse
However it just beginning, looking forward the agreed restructure annoy