Posted by nicholas99 > 3 days ago | Report Abuse

Pembangkang naik.. sapura already sell. The contract to sell is end of this year. Anwar still got 2 years.

Posted by Sslee > 3 days ago | Report Abuse

The only solution now is for Petronas to buy the 50% for USD 903 million from Sapnrg.

Paling mengecewakan ialah TotalEnergies Holdings baru sahaja beli kepentingan 50% pertama dari syarikat Austria OMV dengan harga US$903 juta (RM4.3 bilion) pada bulan Febuari 2024.

Tetapi kini Sapura terpaksa jual baki 50% kepada pembeli sama hanya dengan harga US$705.3 juta (RM3.37 bilion) iaitu US$198 juta (RM946 juta) lebih rendah dari jualan 50% pada bulan Februari.

Posted by 5354_ > 3 days ago | Report Abuse

EGM who can attend here? Many talk here like disagree but how you show your disagreement?

Posted by 5354_ > 3 days ago | Report Abuse

No answer meaning all talk here is trader(like bullrun68) or mere attention seeker person?

5354_

EGM who can attend here? Many talk here like disagree but how you show your disagreement?

3 seconds ago

Posted by BLITZRIEG > 3 days ago | Report Abuse

Cap ayam CEO…..no good achievement so far since holding the position……..let the price drop…..only willing to que at 0.035

Posted by Michael R. > 3 days ago | Report Abuse

if selling OMV not yet done and require EGM approval.. i guess likely reversal... seen in KNM not long ago on BORSIG..

Someone pls connect the dots here...


Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi https://theedgemalaysia.com/node/709052

Posted by drkelvin20 > 3 days ago | Report Abuse

guys , wake up from dream.
what i think, just i think, disclaimer claime here, not a buy call or sell call
all these plans etc are meant to prolong the operation of the company, do we think the management care about share price etc? if you are the top managament, what is the most important thing?

the most important is to prolonge the company operation, whether selling 2 bil, 3 bil, 4 bil, most important is to settle the debt now to extend the operation, so that all management can continue sitting on thick pay/flat pay.

meantime, if i am CEO, i rope in all important figures, in O&G industry, give them all sort of luxurious position, so once the SAPU LAH collapse, someone from my contacts can lender me a hand to rope me into thier compan

This is my claim only, you guys think ...not a buy call or sell call, just i think..true or not you can think too.

Posted by drkelvin20 > 3 days ago | Report Abuse

and, we can continue to dream governemtn will lend support to SAPU LAH.
Just look at who behind this company...Shahril, and who were the back up of this company...and you think our PMX will lend his hand to the geng behind the SAPU Lah? this company is closest associate of who??

Can check teh history....who is behind this company...

How Long Sap can continue with 2bil++...who cares? as long as 2 bil can extend the company, who care...?as long as alll sub contrct get thier payable debt...who care?

Posted by 5354_ > 3 days ago | Report Abuse

Mahathir? PM-X enemy? But PNB(meaning Malays who does not support PH or PKR) interest PM-X can ignore?

Posted by drkelvin20 > 3 days ago | Report Abuse

What i think...only my thinking, not buy or sell cars?

all plans meant to extend the operation, whther share drop to 0.005 sen also does not amatter, can go for share consolidation...few rounds also can...

After 4-5 years, or lesses, than all managament already fat enough, who care whether this SAPU Lah close shop or null asset, who care?

Posted by 5354_ > 3 days ago | Report Abuse

If govn don't care they must lose GE like BN.

Posted by drkelvin20 > 3 days ago | Report Abuse

SAPU-LAH does not represent all...it only represent share holders like us, PNB etc, and workers and contractors and sub contracts, that all...

nation wide, do you think sapu--lah is significant enough to win the GE? comon,,,,the stakehoders are very limited guys...

Posted by 5354_ > 3 days ago | Report Abuse

So for now I can say GE16 still long way to go govn doesn't need to do much.

Posted by drkelvin20 > 3 days ago | Report Abuse

and regarding the share consolidation? my thinking, its to buy time i will be surpise PNB allows it...check on BURSA, how many company successful to revive with consolidation?? very few...

comon ltes face the fact, SAPU-LAH does not represent the whole nation...

Posted by drkelvin20 > 3 days ago | Report Abuse

And I am also one of you guys who invested this stock, and now prepared to embrace the whatever ending of this stock.

Posted by 5354_ > 3 days ago | Report Abuse

If you read Rafizi FB; Sapura like big issue that cost BN last 2 GE?

Posted by drkelvin20 > 3 days ago | Report Abuse

I always dind't understand why the SAPU-Lah bought all these assest from other comp during peak in 2014? everyone would have done differently, more cautiously... and then some big share holder sold at peak share price...and then i also didn;t understand much why SAPU--LAH always won the contract and ended some of them losing money...

correct me if i am wrong about above ,.....just my thinking and thoughts, not a sell call or buy call...

maybe you gusy can tell me...why alll these things happen....money losing contract, biught assest at higest price, and sold share price at higest share price by big share holders...

and reporting losses one after another from contracts secured....i never understand whyt....you guyts understand more...i just wanted to get out from this rubiish...but i can also accept its can be total lost...

my thoughts, and claims, not a buy call or sell call

Posted by drkelvin20 > 3 days ago | Report Abuse

it was SAPU--LAH....this eco cycle is small still,,,not big enough to affect nationwide GE>...only a bundle of sub contracts who made noise due to debt cannot claimed back,,,
now with 2 bil...all should be happy...workers happy, all happy...who cares...

Posted by 5354_ > 3 days ago | Report Abuse

What to do? Even govn change some practices still remain same eg CEO must be Malay, BOD must be Malays who time and again proven incompetent in corporate.

Posted by MalaysiaMadani > 3 days ago | Report Abuse

Malaysia need to help malaysia. We support local company. Petronas,where are you?

Posted by Loh Kok Wai W > 3 days ago | Report Abuse

Everyday more Volume ..but price never move..

Posted by dompeilee > 3 days ago | Report Abuse

Awwww....got ppl desperate enuf to buang to 4c....18.4 BILLLLLION free-floating tickets....gone case already. Crown jewels already flogged off...nothing left but a history of napoleonic MISmanagement, negative & wideningly worse NTA...& stup ig pension funds who lost 99% of their depositor's monies!

Posted by 5354_ > 3 days ago | Report Abuse

Last QR not good. Have to wait next QR to see any improvement.

Loh Kok Wai W

Everyday more Volume ..but price never move..

4 hours ago

Posted by Mabel > 2 days ago | Report Abuse

drKelvin, you got a point there...Sapnrg in 2014 is about Growth Investing..

What are the fundamental strategies behind dividend and growth investing? They're like two sides of the same coin in the world of investing, each with its own perks and quirks.

Dividend investing is akin to a dependable ally providing you with a steady flow of income. You will favor companies with a track record of steady profit growth and high dividend payout, thus ensuring a reliable stream of dividends to bolster your portfolio.

Conversely, growth investing is all about chasing the thrill of high-growth small cap stocks and watching the share prices skyrocket over time. This can be very fulfilling like we have seen Street Smart fighters in Wall Street, provided they are back up with strong fundamentals based on audited Annual Report. Past performance does not guarantee future result...

Now they end being a PN17 company...

Posted by Mabel > 2 days ago | Report Abuse

The reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey. Capital A, who is the CEO? Sapura who is the CEO?

Here lies the differences:

One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.

Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.

Coming to think of it it's prudent for Sapnrg to exit the EP game. It’s for big boys like Petronas, Shell, Aramco who have deep pockets and 20/30y ROI Horizons. Best for sapnrg to stick to EPCC business as they are not getting any support and time is running out of the Regulation Plan timeline.

This week, too many Big Boys especially the bankers are throwing at 5 and 6...All chicken..Tengok Capital A this week shoot up despite tension between Iran and Israel with high oil price. Capital A climb while Sapnrg remains status quo.

Bottom line, no one want to touch Sap but willing to touch Capital A...

Looks like Tony seems to be better Magician than Anuar ...

Captain Mabel Meow

Posted by 5354_ > 2 days ago | Report Abuse

Wait new PNB CEO to buy more Sap Nrg? That's more than 2 months.

Posted by 5354_ > 2 days ago | Report Abuse

Those who can attend AGM suggest Sap Nrg CEO must be replaced. New CEO must be some1 who can buy Sap Nrg shares like Icon CEO(what I know or other counter O&G CEO you know) ie Hadian Hashim.

Posted by 5354_ > 2 days ago | Report Abuse

If a CEO without Sap Nrg share how can he feel the pain of retail investor when share drop?

Posted by Mabel > 2 days ago | Report Abuse

This is a stark difference between Engineers & Accountants...Engineers are linear in thinking.... accountants hv lateral thinking...that's why you see Tony is a magician.. make tons of money not from internal fund.

Posted by MalaysiaMadani > 2 days ago | Report Abuse

There are many hints that Sapura will survive....if you observe recent project.

Posted by Alistino G > 2 days ago | Report Abuse

At SAPNRG, we have Linear Thinkers. If we expect them to be Lateral Thinkers, they have to eat, shit, sleep "with" Edward De Bono la... which is very difficult to emulate after years of leaning on the tongkat.

Posted by OKU_2020 > 2 days ago | Report Abuse

to grave yard😡

Posted by gamble > 2 days ago | Report Abuse

wait for another 10 years.

Posted by SinGor > 2 days ago | Report Abuse

Management will announce Bank Hair-Cut quantum by 30 June......some news are leaking from cracks

Posted by SinGor > 2 days ago | Report Abuse

SAP is Not suppose to receive Petronas Job ( undersea Cable repair ) if we refer to Petronas Sub-Con's financial
requirement.......It shows PNB thru Datuk or LaTok connection, Petronas can be Arm-twisted

Posted by Nikmon > 1 day ago | Report Abuse

Standstill until end of May, if announce on 30-jun, then need to request extension again.....3 parties, bursa, BNM and court

Posted by Mabel > 1 day ago | Report Abuse

Let's hope for the best...

Meanwhile, all eyes is on Capital A and AAX with active trading today as Capital A Bhd's proposal to streamline its aviation segments, as it will help it compete better with established full-service carriers. Investors viewed the exercise positively as it strengthens AAG's business model for long haul–short haul integration, with a new medium haul segment as the intermediary, by leveraging onto the new A321 fleets.

Post restructuring, Capital A will still retain ownership of the four major business segments namely, ADE maintenance repair, overhaul services; Teleport logistic; AirAsia MOVE SuperApp; and digital finance BigPay and will also still own 18.39% stake in AAG. The gems are with Capital A, now lean and mean without too much flying the aircrafts and exposure of instable aircraft fuel.

Both Airlines climbs more than 5% and 13% respectively.

Live is so beautiful when you are flying with a True Magician...

YTL Power and Yinson also did great climbing more than 7% and 3 % after consolidating sideways for 3 months. Unfortunately Lady Sap remain unchanged.

No Issues Mabel can wait as this counter is still positive as far as P&L is concern..

Meow

Posted by dompeilee > 1 day ago | Report Abuse

I'd rather be in Armada & Velesto(which I am) rather than in this...Mahadi(who is already 99% proven corrupted)'s son involved since its beginning days as Kencana Petroleum in '06 & the no-good SharEVIL is 100% proven incompetent, siphoning billion$ of co's as well as PNB & ASB's (read depositors') monie$ in the form of ridiculously inflated remuneration. You know the saying abt a leopard & its spots.

I don't mind dripping in $ into a down stock in the belief in a future jackpot to come(witness my odyssey in Huaan, Oriental, Naim & even Japan's recently MBO-ed & delisted Teraoka Seisakusho, a huge disappointment for the first 4 years then suddenly the 2nd biggest Japanese earner to date) BUT this junk, little better than Sumatec, has less than 3% hope of recovering back to even the double digit sen range, so any purchases hereon in are merely donations. Its 18.4 BILLION issued tickets is a RECORD HIGH burden in stock exchange history & is probably tops in almost all world markets & worse, is set to⬆ as the overwhelming debt stubbornly remains with its crown jewel already gone on the cheap. Ergo, a 30-tonne elephant is more likely to skate gracefully on a lake than this one go back up to 10c & beyond.

Posted by Nikmon > 1 day ago | Report Abuse

Would bursar approve the extension? The last extension took 2 months for Bursa approved, SAP submitted extension request a month before it due...

Posted by SinGor > 1 day ago | Report Abuse

Bursa next extension is already confirmed Approved after Sap-Omv Sale. Entire Deal cannot be completed
in 2024-----SAP cash-flow problem still Exist ----Bank Hair-Cut must come fast follow by WhiteKnight's cash
injection ----Finally a Cash-Call is necessary but i think in 2025 ( For every Ringgit PNB put into SAP, they got
only 15 cents now----You really think PNB allows consolidation soon )

Posted by Nikmon > 22 hours ago | Report Abuse

So another round of extension,...so next year only will turn around..

Posted by Nikmon > 20 hours ago | Report Abuse

Next year ...can put it aside lo like this, , next year may delay again...no money no project, the losing money ONGC also completed, mean 0% fabrication yard at lumut....

Posted by intansri > 13 hours ago | Report Abuse

It is not true from business operation about this counter. The book order received from last quarter of 5b increased to latest announcement of 6.6b. A very impressive number. Some more the cash flow position is also equivalent to nearly $0.09 per share. So they are doing good business project and now they only need to swap the debts through regulatory channels to clean balance sheet figure as like AAX and Capital A debt swap. It takes time but any invested investors can’t wait must invest somewhere n not here

Posted by intansri > 13 hours ago | Report Abuse

Now NTA is -$0.13 instead of $-0.23. So if you can raise right issue of $0.13 per share then this counter should expect to get out of PN17 status without white knights needed

Posted by intansri > 13 hours ago | Report Abuse

-0.13 after selling OMV

Posted by Mabel > 8 hours ago | Report Abuse

#intansri It is not true from business operation about this counter. The book order received from last quarter of 5b increased to latest announcement of 6.6b. A very impressive number. Some more the cash flow position is also equivalent to nearly $0.09 per share. So they are doing good business project and now they only need to swap the debts through regulatory channels to clean balance sheet figure as like AAX and Capital A debt swap. It takes time but any invested investors can’t wait must invest somewhere n not here
28/04/2024 6:06 AM

intansri Now NTA is -$0.13 instead of $-0.23. So if you can raise right issue of $0.13 per share then this counter should expect to get out of PN17 status without white knights needed
28/04/2024 6:11 AM

intansri -0.13 after selling OMV
28/04/2024 6:12 AM

Thanks for your insights intansri...

Let’s delve into the insights following Sapura Energy’s sale of its OMV business to TotalEnergies:

Let’s delve into the insights following Sapura Energy’s sale of its OMV business to TotalEnergies:

Sale of OMV Stake: Sapura Energy Berhad announced the divestment of its 50% equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS. The transaction involves a cash consideration of USD 530.3 million (approximately RM 2,534.5 million). Additionally, TotalEnergies will relieve Sapura Energy of a USD 175 million obligation related to a financing facility extended by OMV Exploration & Production GmbH to SapuraOMV. The total disposal consideration, including both cash payment and the release of the obligation, amounts to USD 705.3 million (approximately RM 3,370.8 million). The acquisition is subject to regulatory approvals and customary closing adjustments, expected no later than the second half of 2025.

Order Book Growth: Sapura Energy’s order book has increased from RM 5 billion to RM 6.6 billion. This impressive growth reflects strong demand for their services and projects.

Cash Flow Position: The company’s cash flow position is equivalent to nearly $0.09 per share. Cash flow per share is a robust measure of financial strength, as it considers after-tax earnings and depreciation on a per-share basis. Unlike earnings per share, which can be manipulated, cash flow per share provides a more accurate assessment of a company’s financial health.

Debt Swap and Balance Sheet Cleanup: The company aims to clean up its balance sheet by swapping debts through regulatory channels. Like the strategies employed by AAX and Capital A, this process takes time but is essential for long-term sustainability. If executed successfully, it could help Sapura Energy exit PN17 status without relying on external white knights.

These developments indicate Sapura Energy’s commitment to recovery and long-term viability..

Our next question what is the estimate timeline to get PN17?

To Our Success

Meow

Posted by Mabel > 7 hours ago | Report Abuse

Other possibilities as stated by SinGor...

Posted by Mabel > 7 hours ago | Report Abuse

Recap:

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 based on 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.

To Our Success!

Meow

Posted by Mabel > 7 hours ago | Report Abuse

Summing up: Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey.

Mabel see more possibilities and similarities between these two PN17 Companies. So Mabel is counting on our Smart Accountant Magician to pull this together as it can have a spin-off effect...Here lies the differences:

One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.

Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.

To Our Success!

Captain Mabel Meow

Posted by SinGor > 1 hour ago | Report Abuse

In BlackJack 21, everybody is playing Against the Dealer. .....PNB is now the Dealer.....If you play with ikan Bilis
win-lose is just 1--2 cents----I have never seen in 20years, a 1000 lbs Shark like PNB got stucked in a Longkang