Posted by Nikmon > 2024-02-01 17:30 | Report Abuse

Wait sap announcement la, no need argue, so 2 buyer? Possible price different? Haha

Posted by Felix888999 > 2024-02-01 18:51 | Report Abuse

Could be TotalEnergy also targeting the remaining 50%. Glad the USD350m loan is transfered to the new owner.

If PMX patriotic enough ask Petronas buy the other 50%.

Posted by Sslee > 2024-02-01 19:03 | Report Abuse

TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent natural gas producer and operator (SapuraOMV) for $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV). Sapura OMV is the joint venture between Sapura Energy BerhadSapuraOMV Upstream Sdn and OMV.

It mean TotalEngies pay OMV USD 903 million to take over 50: 50 JV SapuraOMV now become SapuraToalEnergies (50:50) and the intercompany loan Sapura owed to OMV is now intercompany loan owed to TotalEnergies.

Nothing change for Sapura.

Posted by Felix888999 > 2024-02-01 19:07 | Report Abuse

I mean Petronas buy the remaining 50% of SapuraOMW from Sapura.
Posted by Raja138 > 1 minute ago | Report Abuse

Agreement signed, unlikely Petronas can negotiate to get it back from TotalEnergies.

Posted by Felix888999 > 2024-02-01 19:26 | Report Abuse

Agreement could be sign first with clauses pending regulatory and government approval etc.

See OMW`s announcement, the transaction still pending required approvals.

https://www.omv.com/en/news/230131-ad-hoc-omv-has-reached-an-agreement-with-totalenergies-for-sale-of-sapuraomv

Posted by Raja138 > 3 minutes ago | Report Abuse

Completion of the transaction is subject to conditions including Sapura Energy’s shareholder approval, Petronas approval and other third-party consents as well as finalization of the transaction documents including ancillary agreements.

Posted by Felix888999 > 2024-02-01 21:40 | Report Abuse

Why the TotalEnergy Board of Directors approved a USD 903 million investment in SapuraOMW, securing a 50% stake, which includes a USD 350 million loan transfer? Why they are so confident about this investment?


Following are my speculative analyses:

A) The TotalEnergy Board of Directors is aware of the future upcoming partner in SapuraOMW is also a wheathy and rich partner.

OR

B) TotalEnergy aims to achieve complete ownership by acquiring the remaining 50% stake from Sapura Energy.

OR worse scenario:

TotalEnergy has embraced Sapura Energy, despite its financial challenges, as a partner and committed to covering 100% of any future cash injections in SapuraOMW.🤣🤣

Posted by SinGor > 2024-02-02 09:00 | Report Abuse

Gas is Green Fuel, no entangling problems with NGO....SAP is just a small "kacang" to TOTAL ( will sapu All Omv )

Posted by Felix888999 > 2024-02-02 09:36 |

Post removed.Why?

Posted by TalkNumberOne > 2024-02-02 09:57 | Report Abuse

Felix don’t need to overshare to noobie siao lang. he pretends only deep in his heart he knows he is worst than ikanbillis. Already long write him off as someone who knows anything. Not stock market not oil and gas. Only pure loser

Posted by TalkNumberOne > 2024-02-02 09:58 | Report Abuse

Siao lang go back hiding inside neighbour old Wong closet better la. The moment you open your mouth only pure dumbness come out

Posted by Mabel > 2024-02-02 10:17 | Report Abuse

In 2018 under Sharil, Sapura Energy’s cash call involved a RM3 billion rights issue of 9.987 billion shares priced at 30 sen each on a 5-for-3 basis, with 1 free warrant for every 10 rights shares subscribed. Another RM1 billion was raised through the issue of 2.397 billion Islamic redeemable convertible preference shares (RCPS-i), offered on the basis of two RCPS-i for every five shares owned, priced at 41 sen each. The RCPS-i are convertible into ordinary shares on a 1-for-1 basis upon maturity on Jan 29, 2024. This means each RCPS will indeed be automatically converted into one ordinary share of Sapura only upon reaching maturity on 23rd January 2024 meaning more shares will be listed on 23rd Jan 2024 by PNB.

Based on the above Mabel takeaway is simple..

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 considering of the 12.16% before the right issues (which is at a higher price) 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. Fortunately, Mabel does not freeze like a monk. Mabel has been and out of this Battleship with a healthy double-digit profit margin...

With this latest move PNB now hold 37.5% of Sapnrg..

No Wonder Mabel feel so safe with Sapnrg..

To Our Success

Meow Meow Meow

Posted by Felix888999 > 2024-02-02 10:25 | Report Abuse

Hi Mabel we already sitting on double-digit paper gain and looking forward three-digit gain. Goyang kaki everyday.

I just hantam that tin kosong monk this morning. He has no oil and gas background yet pretending like expert. 🤣🤣🤣🤣🤣

Posted by Felix888999 > 2024-02-02 11:19 |

Post removed.Why?

Posted by SinGor > 2024-02-02 11:57 | Report Abuse

Unless Yunneng arbitration is allowed in Contract agreement....Sap can ignore it and go straight to Court----
That will take 6---7 years ( Najib should receive his PHD in Advance Economic Data Manipulation by then)

Posted by GroetjesuitNederland > 2024-02-02 12:25 | Report Abuse

SinGor
😂😂😂😂😂😂

Posted by payalgupata > 2024-02-02 13:04 |

Post removed.Why?

Posted by payalgupata > 2024-02-02 13:08 |

Post removed.Why?

Posted by HaiLiDeYu > 2024-02-02 13:33 | Report Abuse

Wah! Suddenly so happening here. not sure good sign or bad sign.
I guess it is toward better part as less no brain argument compared to before.

Posted by SinGor > 2024-02-02 17:26 | Report Abuse

Why Yunneng choose arbitration?? Bcos it is Cheap and fast about 6 months----If SAP choose court system
then what ever Taiwan judgement has No bearing on SAP bcos Malaysia / Taiwan has no agreement on
judicial agreement ( Taiwan a renegade China province ) If Yunneng choose Germany Court or Euro Court
waiting period is 5--10years excluding Trial period ( another 5 years )----Most investor over react on Yunneng
Claims which would Fail first after all ( fall down just want to grab some sand to throw at SAP ) bcos Yunneng
makes Technical errors ( supply wrong Data (soil test) and Materials )

Posted by Mabel > 2024-02-02 18:16 | Report Abuse

Felix888999 Hi Mabel we already sitting on double-digit paper gain and looking forward three-digit gain. Goyang kaki everyday.

I just hantam that tin kosong monk this morning. He has no oil and gas background yet pretending like expert. 🤣🤣🤣🤣🤣
02/02/2024 10:25 AM

Haha Felix Dear,

Mabel also soooo happy holding Sapnrg. Feel so safe and secured..

Haha Aunties Huang has wake up ke from 7 years hibernation? hihihi..

Stock: [CAPITALA]: CAPITAL A BERHAD

Jan 23, 2024 11:52 AM | Report Abuse

#Mikecyc Haha why Auntie Huangg is a Kon , she invested only one PMCorp . 1st post on November 2013 , after December 2013 went hibernated more than 7 years .

>> Posted by messi > 2013-12-09 10:14 | Report Abuse

calvin cakap TP RM1.50...long term RM10.00

23/01/2024 11:35 AM

Haha thank you Sifu Mickey...

Now Mabel understand..

Haha today PMCorpes is trading at 20 sen..

No Wonder Auntie Huang went missing hibernating for 7 years..hihihi...

Meow

Posted by Huangbk72 > 2024-02-05 10:37 | Report Abuse

Hahaha... Pitiful Mabel

Auntie Felicia im sure is holding 1c+ paper profit...

U... sure holding loss

Karma biting you again ya 🤣🤣

Posted by TalkNumberOne > 2024-02-05 11:49 | Report Abuse

How come siao lang change Of tone after hiding inside neighbourhood old Wong closet. No more RIP? No more 1 sen? Siao lang you change tour gender also ah? Become siao auntie?

Posted by Felix888999 > 2024-02-05 12:47 |

Post removed.Why?

Posted by Felix888999 > 2024-02-05 13:16 |

Post removed.Why?

Posted by Felix888999 > 2024-02-05 13:26 |

Post removed.Why?

Posted by TalkNumberOne > 2024-02-05 13:33 | Report Abuse

😂😂😂😂🤣🤣🤣🤣

Posted by TalkNumberOne > 2024-02-05 13:39 | Report Abuse

Felix later siao lang show 200%. But on the negative hahhahahahaha. Lost until underwear no more and still owe Ah long money. Perhaps owe neighbour old Wong also that’s why always hide in his closet

Posted by TheNormieTrader > 2024-02-05 13:48 | Report Abuse

if oil price moving up , it might bring the price hit TP = 0.070 then it is very bullish to hold .

Posted by TalkNumberOne > 2024-02-05 14:12 | Report Abuse

Which noob 7 siao lang got schooled big time for shouting 1 sen, RIP. Woi wake up la, you were so 7 noob that I need to hit your head and tell you it’s side way. Teach you how to draw lines. Now finally you know you want to pretend you smart? Hahahhahahhahahaha hide inside old Wong closet doesn’t make you smart yo.

Posted by TalkNumberOne > 2024-02-05 14:14 | Report Abuse

Lol now you finally sendiri admit that you are so noob for calling price drop previously, by saying it’s price stuck. Wahahahahhahahhaha noobie worst than ikan bilis don’t need to prove anything, nothing to
Prove already underwear burnt

Posted by DickyMe > 2024-02-06 11:56 | Report Abuse

Penyamun Nasional Bang --ang still cutting loss by manipulating price up and down by 1 sen? 🤣🤣🤣 It's like picking up scrap from tong sampah to monetise. 🤣🤣🤣.
Their lapdogs are wagging incessantly for leftovers. 🤣🤣🤣

Posted by Nikmon > 2024-02-08 08:49 | Report Abuse

Court order need to extend again, due in less than a month...

Posted by Felix888999 > 2024-02-09 12:57 | Report Abuse

Wishing everyone Happy New Year! May the CNY bring you joy and prosperity!

Huat aaaaaaaaah!

Posted by Mabel > 2024-02-09 16:15 | Report Abuse

Happy Chinese New Year to all the i3 Investors! As we welcome the auspicious Year of the Dragon, we seize this opportunity to extend our heartfelt wishes to each and everyone of you. May this Lunar New Year bring you abundant joy, prosperity, and good fortune! Let's all HUAT ah!!!

Captain Mabel Meow

Posted by TalkNumberOne > 2024-02-11 15:46 | Report Abuse

2nd day of CNY yohoooooo. HENG ONG HUAT😁

Posted by stockraider > 2024-02-11 18:43 | Report Abuse

Again alot of people has this misconception of "good loans" v "bad loans" loh!
Thereotically,
Good loans are loans taken for productive purpose that expand & grow the business such term loan to finance factory & business and working capital loh!
Bad loans are taken for non productive purpose such as car loans, consumer loans, credit card loans etc!

The definition is so simplistic, why every year the banks have to take a charge of Rm billion & billion bad loans taken for productive purpose leh ?
The answer is not simple loh! Billion & Billion of loans taken for productive also can failed mah!

The chief reasons whether the loans is productive it depend on circumstances...for example too much capacity, sudden fall in demand, unable to complete the project, business disputes, sudden collapse of the economy surely some cannot be forseen loh!

Thus a good management must ensure that loan taken must not be excessive & over the capacity of the co to service & in other words one should not overtrade loh!

For the bank a good loans is a loan taken & well service whether it is a productive or non productive loan mah!

One good example of Yinson is its over financing of its customers to tune of more than Rm 8 billion in terms of finance lease receivable loh!
Why cannot the customer borrow from banks, which give so much lower interest compare to Yinson leh ? Surely this indicates inherent weakness to the business & the financial position of its customers loh!

In addition over trading may lead to the financial collapse of airasia in terms of huge funding for its excessive number of aircraft purchase loh!

Surely in the case of Yinson....why did it ,taken so much excessive loan to do so many Fpso project which most under WIP that is not generating any profit or cashflow yet leh ?

Can they see, just a minor weaknesses in the supply chain will cause the whole FPSO funding collapse leh ?
Just look at SAPNRG at its height, no one dare to say any wrong of the Group which has capitalization Rm 34b, coincidently the same mkt cap of YTL POWER today loh!

Today Sapnrg collapse to mkt cap of Rm 1b, the collapse due to over trading & the same risk may apply to YTl Power too lo

Posted by Mabel > 2024-02-11 23:29 | Report Abuse

Haha Raider, Mabel holding cost is at 3 sen...

Can't go wrong at this entry level.

Meow

Posted by HaiLiDeYu > 2024-02-13 09:56 | Report Abuse

Happy New Year to everyone! HENG ONG HUAT!

Here seem quiet. Good start for year of Dragon. (I don't buy the "loong" idea)

Posted by Huangbk72 > 2024-02-13 10:05 | Report Abuse

Wah.. Mabel can count

Started Holding 5c above.. now cost is 3c 😂😂😂😂

U did impairment on SAP before 3c.. Hahhahahha

Posted by Mabel > 1 day ago | Report Abuse

Haha Raider, Mabel holding cost is at 3 sen...

Can't go wrong at this entry level.

Meow

Posted by Mabel > 2024-02-13 12:31 | Report Abuse

Haha Auntie Huang Happy CNY to you..

Mabel also soooo happy holding Sapnrg. Feel so safe and secured..

Haha Aunties Huang has wake up ke from 7 years hibernation? hihihi..

Stock: [CAPITALA]: CAPITAL A BERHAD

Jan 23, 2024 11:52 AM | Report Abuse

#Mikecyc Haha why Auntie Huangg is a Kon , she invested only one PMCorp . 1st post on November 2013 , after December 2013 went hibernated more than 7 years .

>> Posted by messi > 2013-12-09 10:14 | Report Abuse

calvin cakap TP RM1.50...long term RM10.00

23/01/2024 11:35 AM

Haha thank you Sifu Mickey...

Now Mabel understand..

Haha today PMCorpes is trading at 20 sen..

No Wonder Auntie Huang went missing hibernating for 7 years..hihihi...

Meow

Posted by Felix888999 > 2024-02-13 13:26 | Report Abuse

Haha haha Happy New Year Mabel !!!

Posted by Huangbk72 > 2024-02-13 16:15 | Report Abuse

So ConMabel cannot explain why holding since 5c and now claim cost is 3c?

🤣🤣🤣🤣🤣🤣🤣🤣

Posted by Mabel > 2024-02-13 22:20 | Report Abuse

Felix888999 Haha haha Happy New Year Mabel !!!
13/02/2024 1:26 PM

Happy New Year Felix888999!

Just ignore Auntie Huang, she always has selective memories..

Now she just wake up from 7 years hibernation...hihihi...

Posted by nicholas99 > 2024-02-14 09:28 | Report Abuse

mabel waited so many years until she aged.

Posted by Mabel > 2024-02-14 11:32 | Report Abuse

Hihihi...at 3 sen holding cost..

Mabel has no issues holding Sapnrg..

It looks so beautiful in Mabel's P&L...

Meow

Posted by Huangbk72 > 2024-02-14 11:37 | Report Abuse

Hahaha.. ConMabel tipu again...

Promoting above 5c.. Never sell

Now holding cost is 3c? 😆😆😆😆

Your calculator broken?

Posted by Mabel > 2024-02-19 22:50 | Report Abuse

Haha Auntie Huang

Let Mabel refresh you..

What year is this year? 2024 right?
What year were you in PM Corpes? 2013 right?
2024-2013 = How many years is it...including 7 years hibernation..hihihi..

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

Posted by TalkNumberOne > 2024-02-20 09:20 | Report Abuse

😂😆😆😆😆😆😂

Posted by stockraider > 2024-02-20 09:25 | Report Abuse

Sapnrg is waiting for the restructuring scheme b4, it flies loh!
U see almost 95% of sapnrg loans are unsecured loh!

Posted by Baby Shark > 2024-02-20 13:28 | Report Abuse

Hahahaha.. 1 minggu baru 2 comments, dulu 1 hari 450 comments