TalkNumberOne

Post removed.Why?

3 weeks ago

Rocky Mass

From what i could see the bail out is to be merely saving those contractors and saving the company to continue operating... it was not a bail to rescue the shareholders... especially the substantial holders other than GLC/GLIC.. there is chance the co delisted 50/50..

3 weeks ago

bullrun168

Oil rises to 7-week high on US-China trade deal By Enes Tunagur
June 11, 20259:11 PM GMT+8

LONDON, June 11 (Reuters) - Oil prices rose to their highest in seven weeks on Wednesday as U.S. President Donald Trump said a deal had been done with China, heightening expectations of a de-escalation in trade tensions between the world's two largest economies.
Brent crude futures were up $1.15, or 1.7%, to $68.02 a barrel at 1249 GMT, while U.S. West Texas Intermediate crude was up $1.31, or 2%, to $66.29. At that level, WTI reached its highest in more than two months.

3 weeks ago

bullrun168

Oil settles up 7% as Israel, Iran trade air strikes
By Erwin Seba
June 14, 2025 7:21 AM

HOUSTON, June 13 (Reuters) - Oil prices jumped on Friday and settled 7% higher as Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East.
Brent crude futures settled at $74.23 a barrel, up $4.87, or 7.02%, after earlier soaring over 13% to an intraday high of $78.50, the strongest level since January 27. Brent was 12.5% higher than a week ago.

3 weeks ago

MoonLightShine

Really Quite now.

3 weeks ago

tungtungsahur

no show?

3 weeks ago

dixonnn

so quiet here

2 weeks ago

Ninja _07

27 June the QR should be out

2 weeks ago

Code129

latest by 30th if they dilly-dally

2 weeks ago

metaverse

Rafizi is back in attack mode and SAPNRG is and always will under Rafizi's radar. If anyone of you think the government bailout on this company will be a smooth drive, you better wake-up.

2 weeks ago

kyliew

I dunno if he is still around next GE... His contribution almost nothing but his useless vendor machine

2 weeks ago

Robert Waters

I do not expect much after those strikes. Market to stabilize in a few hours.

2 weeks ago

Ninja _07

Post removed.Why?

2 weeks ago

nisah395

Sapura Energy Bhd has announced the resignation of Datuk Shahriman Shamsuddin as a director of the group, effective yesterday.

26/06/2025

1 week ago

SinGor

in-fighting between brothers to control SAP shares---now Father request all SAP shares to be transfer back
to Him ( the ori. owner ) what a mess?

1 week ago

manabossku

I dont get why people hat rafizi so much, he was in a pretty f up position tho... everyone expects something from him but no one supports him at the same time

1 week ago

DickyMe

Tak untung

1 week ago

Nikmon

Sap forget to release result

1 week ago

SinGor

Have feeling management waiting for Bursa's approval on PN17 exit to release results ( i think result weak )

1 week ago

Rocky Mass

Even Petronas did restructure ...
This company need a serious restructure + external support environment to be competitive back..

1 week ago

Huangbk72

What I said 3 years ago still valid today.

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

2023-03-20 10:57 | Report Abuse

Sigh... who is silly enough to take over and assume SAP DEBT of over 16B? anyone will a sane mind will know its not possible.

Shortcut is to take it private, break SAP into pieces. Bumi contractors will still have work.

1 week ago

Rocky Mass

Economics 101
==========

Enterprise (Sole Proprietorship / Partnership)

An Enterprise is not a separate legal entity. The owner and the business are the same. This means:
If the business owes money or goes bankrupt, the owner is personally responsible for all the debts.
Creditors can seize the owner's house, car, savings, and other personal assets to pay off business debts.
The owner cannot simply walk away. The debt follows them personally, even if the business is closed.
Restarting a new business can be difficult if the owner is already blacklisted or declared bankrupt.


Public Listed Company (PLC)
A PLC is a separate legal entity. It is treated as its own "person" under the law. This gives powerful protection to its owners (shareholders):
Shareholders only lose the amount they invested in buying shares.
If the company goes bankrupt or owes millions, owners’ personal money and assets are safe.
Creditors cannot touch shareholders’ personal wealth — they can only claim what’s left in the company’s account.
Shareholders can simply sell their shares and walk away, even if the company collapses.
The same person can later invest in or start another company with no link to the previous debt, unless they were involved in fraud or illegal activity.

1 week ago

Nikmon

It lose billion when reporting result at last date based on the history, hopefully this round not the same...haha

1 week ago

limch

New CEO also lousy?

1 week ago

SinGor

atleast my Ipoh dato is happy, he will get paid after 4years---as Gov have agreed to
subscribe 1.1Bil ( news release )

1 week ago

TalkNumberOne

Singor knows result bad release together with pn17 wo so smart

1 week ago

stevekum

Singor talked sense and factual. Like to read his thoughts sometimes but ultimately sap share price kena naik la.

1 week ago

Nikmon

Only 800 million revenue, reserve for boots the price later after obtained approval.

1 week ago

Nikmon

Singor right again, the approval receive along the result release.

1 week ago

21spade

expected TP/price movement today?

1 week ago

nisah395

0.04 changing hands

1 week ago

Nikmon

EGM before or after AGM?

1 week ago

abidinaa

Only one stumbling block left. Lapiji the theoretical economic minister who propose selling nasi lemak in vending machine. SAPNRG must install nasi lemak vending mc at every offshore platforms as part of the plans.

1 week ago

SinGor

for last 3 years Malaysia operation hardly move---Management said they are
concentrating on Oversea operation, the truth was No contractors in Malaysia
want to take SAP job. The moment SAP pay vendors, contractors will come back
slowly---What kopitiam chats are how Bumi contractors can job outside SAP?
Before Covid, SAP revenue was 2.5--3Bil a Qr ( now below 1 Bil )---After restructuring
SAP is more a Gov + Banks Company---I think there should be a name Change to
clean "Old image", atleast Vendor knows New Boss is different management

6 days ago

abidinaa

Somebody must tell Lafizi to get his hands off SAP. His ideas are mainly copycat from text books that doesn't always work in SAP turnaround plans. His ideas were driven by rage and animosity. Now that we have gotten rid of the old management, let PMX and new management restructure the company. We will see a positive result by next QR.

6 days ago

SinGor

next Qr results will surely be better bcos like normal contracting works, there is always
a missed alignment between Qr reporting and revenue collected---so yearly results
are more correct---Almost 90% contract works now are from Old contracts so you
will see little discrepancies in earnings (yearly basis)---Problem will starts when
new contracts started to Dried Up ( maybe 2027)--For now Exiting PN17 is paramount

6 days ago

SinGor

i still cannot understand why PNB take such a "Big Hair Cut". For us no big deal, we bought at 0.04--0.05 but
pnb bought at 30sen---Maybe this is National Duty

5 days ago

SinGor

BNM is expected to lower Bank interest rate to 2.75% and the trend is 2.0% by next year to counter Trump
Tariff---should be Good news to SAP the owner of 5.0billion Loan

4 days ago

Rocky Mass

Dont you know.. SAP HQ at PNB tower.. rent etc.. will go to PNB..

1 day ago

abidinaa

The Board of Directors of Sapura Energy Berhad ("SEB" or "the Company") wishes to announce that the Company is proposing to change its name from "SAPURA ENERGY BERHAD" to "VANTRIS ENERGY BERHAD" ("Proposed Change of Company Name").

1 day ago

SinGor

Proposed Change of Name from Sapura Energy Berhad to Vantris Energy Berhad
__________________________________________________

I propose a name change But really donT like Vantris----Name should reflect SAP next Biz model ( not suka
suka )

23 hours ago

speakup

Umwog now Velesto

23 hours ago

Rocky Mass

Virtually it is a pnb energy company.. but without exposure to its risks..

Use of SAP involves IP cost .. now save lots of money..

21 hours ago

Nikmon

It save a lot money, 100 million per year to use SAP name if not mistaken, I guess they only able to withdrawl the IP contract with the involvement of MACC. Perhaps it is 1 of questionable contract

21 hours ago

Nikmon

From FY2013 to FY2021, Sapura Energy paid a total of RM438.17 million for intellectual property rights, trademarks, and branding.

21 hours ago

abidinaa

Proposed Capital Reconstruction:
a) A 99.99 percent capital reduction to reduce accumulated losses; an exercise to improve the Company’s capital structure
.b) A 20-to-1 share consolidation to reduce the number of shares being traded on Bursa Malaysia, which will enhance share trading price and reduce price volatility. Both exercises do not have any impact on the percentage shareholding of existing shareholders.2. 3. 4. Proposed Debt Restructuring Exercise This will reduce SEB’s total borrowings from about RM10.8 billion to approximately RM5.6 billion. Annual interest costs are expected to decrease by more than RM500 million – a reduction of about 60 percent -enabling SEB to be in a better position to achieve profitability.Proposed Fund-Raising Malaysia Development Holding Sdn. Bhd. (“MDH”) will subscribe up to RM1.1 billion in redeemable convertible loan stocks (“RCLS”), earmarked to settle outstanding payments to vendors in the Malaysian oil and gas ecosystem. Proposed ExemptionIntended to provide relief to MDH and its Persons-Acting-in-Concert (“PACs”) from the obligation to undertake a Mandatory Offer, in the event of a full conversion of the RCLS.

9 hours ago

SinGor

1. Exit PN17 Classification: SEB can apply to exit its PN17 status if it can
deliver two consecutive profitable quarters after the Restructuring Effective
Date
______________________________________
So this Quarter results are to absorb losses so that next 2 quarters results are positive

8 hours ago

Nikmon

If effective date is on Aug, the Q2 and Q 3 on Dec, exit in Jan?

7 hours ago

SinGor

The intention is quite clear. You can always "report forward earning" and after everything is Done--than say
Ooops ( reconciled accounts )

4 hours ago

Nikmon

Who is the new appointment for director

4 hours ago