#HaiLiDeYu dye black maybe a good idea. btw... why suddenly so noisy here. sapura become hot stock again? so when 1 sen or 10 sen will come?
22/10/2024 10:14 AM
We needs more good news like what happen to PN17 Capital A which will be out of PN 17 by the end of this year. Capital A has been climbing..
Let see if Santa is cuming to town at the end of this year.
Yesterday, Bursa Malaysia’s FBM KLCI closed at 1,645.99 points, a 0.28% increased. Market Outlook: Bursa Malaysia is expected to rise, with the FBM KLCI index potentially surpassing 1,780 points by the end of the year.
The Malaysian ringgit is expected to strengthen against the US dollar, potentially reaching RM4.10 to RM4.20 by the end of 2024.
Reaching 1700 by the end of the year is possible, provided there are no further negative developments. The ongoing conflict in the Middle East has been accounted for, unless a third World War breaks out. The next two weeks will be highly volatile due to the US Presidential Election. Harris is more predictable, whereas Donald Trump is less so.
Looking ahead, the market could rise to 1900 by 2028. This is not due to Madani, but because we are part of ASEAN, which includes economic powerhouses like China and India. These two giants are highly competitive. For instance, China can build anything at a low cost. As their domestic market becomes saturated, they are expanding beyond their borders. ASEAN stands to be the biggest beneficiary of this shift..
Now you know why Our Magician TF are also interested in China and India..
Meow Meow Meow
Stock: [CAPITALA]: CAPITAL A BERHAD
19 minutes ago | Report Abuse
97.5 sen + 2.5 sen (2.63%)
Good Closing...
Stock: [CAPITALA]: CAPITAL A BERHAD
11 hours ago | Report Abuse
Aviation & Gaming Sector: With a RM550 million allocation to promote Visit Malaysia Year 2026, this sector is set to benefit from the largest tourism budget in history. Maybank analysts believe that aviation and gaming stocks will gain which is expected to be a significant beneficiary as 100% of its passengers are international travelers.
#HaiLiDeYu dye black maybe a good idea. btw... why suddenly so noisy here. sapura become hot stock again? so when 1 sen or 10 sen will come?
22/10/2024 10:14 AM
Here's why PN 17 Capital A is so hot. They have a good turnaround story ...
Let's hope our Hardworking Anuar can be as good as our Magician Tony..
To Our Success !
Meow
Stock: [CAPITALA]: CAPITAL A BERHAD
27 minutes ago | Report Abuse
Sslee Hahahaha, I just try to be funny. Did I foget to mention Stony wants to grow teleport to be as big as DHL + FedEx combine? 18/10/2024 11:50 PM
Haha my Handsome sslee
You are on the right gate despite selling your Capital A and AAX Shares...
The proposed disposal of AirAsia Bhd and AirAsia Aviation Group Ltd to AirAsia X (AAX) for RM6.68 billion is a significant move for Capital A. Here are some potential impacts:
Financial Impact
Pro Forma Gain: The transaction is expected to result in a pro forma gain of over RM18 billion, primarily due to the transfer of accumulated losses in the aviation business.
Positive Net Assets: This gain will likely turn Capital A’s net assets positive, enabling it to exit the PN17 status.
Shareholder Benefits
Share Distribution: Capital A shareholders will receive 400 shares of AAX for every 1,000 shares of Capital A, potentially increasing their investment value.
Dividend Resumption: With improved financial health, Capital A might resume dividend payments, benefiting its shareholders.
Growth Prospects
Asia Digital Engineering (ADE): Tony Fernandes plans to grow ADE and list it, which could unlock further value for investors.
US Listing: Listing Capital A International in the US could enhance its global presence and attract more investors.
MOVE: The digital and logistics arm, MOVE, has significant growth potential and could have a substantial impact on the company’s future.
Teleport’s Growth Potential : Teleport, the logistics arm of Capital A, has shown promising growth. Its focus on expanding logistics solutions across ASEAN with enhanced cargo operations and cross-border services positions it well for substantial growth.
Overall, these strategic moves indicate a robust plan for Capital A’s transformation and growth, potentially offering substantial returns for its investors and of course to Malaysia!
Mabel careful that old uncle lurking around waiting to chew on sapnrg 😂😂😂 he may be emotional damage and old. But this is his only way to feel relevant
Shit no good, emotional damage uncle no make noise. I am very worried now. Worst than newbie also not asking people to sell. Hmmm 😂😂😂 that must be some insight
Wow it’s a week already. I have to salute this emotional damage uncle. Although nothing to be proud of, this is what a normal person will do, even newbie can do better than this. But still it’s an achievement for this emo uncle 😂😂😂 now you finally qualify to look at market.
TalkNumberOne maybe it's time for you to call a bet with the uncle? who win stays and the other one gone forever.... I remembered it was so noisy and happening here last year (?) when someone bet that sapura will hit 0.07....
That guy went missing lo. He didn’t realise he is exactly like the emotional damage uncle on the other end. One call 0.01 one call 0.07 what’s the difference both also equally lost
I have a good solution for both of you....one of you will talk until the cow comes home and the other one will talk until like there is no tomorrow....We in the middle will watch the Wayang Kulit and see which one is the Best....
While PN 17 Capital A is cruising across the skies, PN 17 Sapura Energy Bhd says it has been “advancing its plan” to regularize its financial position since being classified as a Practice Note 17 company and given time extension to come up with the plan.
The financially troubled company has been given a six-month extension, up to Nov 30, 2024, from Bursa Malaysia to submit its regularisation plan. It said its status update is part of the listing requirements of the Main Market of Bursa Malaysia.
For its first quarter ended April 30, 2024, Sapura Energy’s net profit dropped to RM82.13mil from RM146.09mil in the previous corresponding period, while revenue rose to RM1.18bil from RM951.73mil a year earlier
So, Sapura Energy Berhad (SAPNRG) is holding an Extraordinary General Meeting (EGM) on November 14, 2024. The main agenda is to consider and approve the proposed disposal by Sapura Upstream Assets Sdn Bhd (SUA), a wholly-owned subsidiary of SEB, of its entire 50% equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS. The total disposal consideration is USD 705.3 million (approximately RM 3,022.3 million), which includes a cash consideration of USD 530.3 million and the release of ordinary shares in SapuraOMV pledged by SUA to OMV Exploration & Production GmbH.
The proposed sale of SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS is a significant step in Sapura Energy Berhad's (SAPNRG) financial regularisation plan. This sale, valued at approximately RM 3,022.3 million, will provide much-needed liquidity to the company, helping it address its financial challenges and improve its balance sheet.
By securing this substantial cash inflow, SAPNRG can better position itself to meet its financial obligations and continue its operations more sustainably. This move is crucial for the company's efforts to regularize its financial position and comply with Bursa Malaysia's requirements for Practice Note 17 (PN17) companies.
Meanwhile, while PN 17 Capital A is soaring, PN 17 Sapura Energy is working on its plan to regularize its finances. They’ve got until Nov 30, 2024, to submit their regularization plan after being given a six-month extension.
After 14 Nov EGM, I heard from whisper that SAP will ask Bursa for permission to Exit PN17----details on how to settle 10bil Loan will be released by " PNB "---Why? bcos all Debts actually belong PNB --- If you look at how ridiculous AA (Tony) Can SELL 10bil Debt to AAX, you know what will happen-----Malaysia Boleh
I am worried. Emotional damage uncle gone missing. 😂😂😂😂 I hope he didn’t sell underwear sailang into sapnrg. Wouldn’t want to be in the same boy with someone worst than newbie
After sale of SAPOWV by Q125, money received must pay to creditor base on PRS, so PRS need approval creditor, before Court convent, it needs shareholder approval on the PRS, before that it needs Busar approval the plan which contain the PRS....busy busy month ahead
Bankers get the bulk of the Sales proceed ( bcos this the agreement with CORPORATE DEBT RESTRUCTURING COMMITTEE ) Local small creditors ( suppliers and contractors get "Nothing yet " ) Gov has received a request to extend one billion loan in budget 2025 to pay small Boys
Another week start without emotional damage uncle. Is this a good sign or a bad sign? 😂😂😂 answer is no sign, worst than newbie uncle wont be able to give much info except noise
Do not worry, when the time comes they will know what to do. Plenty of time to see their Mission Impossible. Sapura has until March 2025. Just sit tight and collect your MONEY when February or March comes.....
KUALA LUMPUR (Nov 12): Sapura Energy Bhd (KL:SAPNRG) said on Tuesday it has accepted the terms and conditions set forth by its multi-currency financing (MCF) creditors for the proposed disposal of its 50% stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$705.3 million (RM3.37 billion).
Among the conditions is that net proceeds from the disposal will be held in a segregated account held by Sapura Energy’s wholly owned subsidiary Sapura Upstream Assets Sdn Bhd (SUA) at either Malayan Banking Bhd (KL:MAYBANK) or Maybank Islamic Bank Bhd, according to Sapura Energy’s bourse filing on Tuesday.
SUA will then create a first ranking fixed charge or priority claim over the net sale proceeds and the segregated account in favour of Maybank Investment Bank as the security agent for the MCF creditors. The charge will remain in place until the restructuring process is finalised, with the funds designated to pay down Sapura Energy’s debt as part of its ongoing debt restructuring plan.
The group had filed applications to the High Court to seek validation of the disposal and the creation of the security arrangements.
On Nov 4, the court granted Sapura Energy the necessary approvals and ruled that the creation of the security arrangement was valid and beneficial to its overall creditors, even though it can be considered a preference for the MCF financiers. The court also confirmed that the proposed disposal did not require court approval to proceed.
The company also affirmed that the net sale proceeds from the proposed disposal would be used solely for reducing Sapura Energy’s liabilities, even if the planned debt restructuring scheme is not approved or sanctioned by the court.
Back in April, Sapura Energy said SUA had entered into a conditional sale and purchase agreement to divest its 50% equity interest in SapuraOMV to TotalEnergies for US$530.3 million (RM2.53 billion) cash and US$175 million relief on debt obligations.
The proposed divestment would result in a net gain on disposal of about RM793 million upon completion, Sapura Energy said then.
Sapura Energy bought SapuraOMV for US$898 million back in 2014 from Newfield Exploration Co, before selling half its stake to OMV AG in 2018 for up to US$975 million.
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....
HaiLiDeYu
86 posts
Posted by HaiLiDeYu > 3 weeks ago | Report Abuse
dye black maybe a good idea. btw... why suddenly so noisy here. sapura become hot stock again? so when 1 sen or 10 sen will come?
Posted by Mabel > 12 hours ago | Report Abuse
1 sen?
you can wait until Mabel's blonde hair turn white..hihihi