DatoT20

DatoT20 | Joined since 2023-05-09

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Stock

2023-05-11 10:46 | Report Abuse

Extending the deadline is a good move to finalize everything. The fact that vendors have agreed to take a haircut from RM5 billion to RM1.5 billion is fantastic news - I didn't expect the haircut to be this significant.

Now, the only thing left is to negotiate with the bankers on how much to bring the RM10 billion down to - RM7 billion, RM5 billion, RM3 billion, or RM1 billion?
Perhaps longer payment terms could be discussed as well.

#AkuYangBeliKauYangPanas
#DahKenapa

Stock

2023-05-11 10:27 | Report Abuse

#AkuYangBeliKauYangPanas

Stock

2023-05-11 10:22 | Report Abuse

Haters in SAPURA forum said that creditors will never take a haircut is a joke. This recent development serves as proof that what I have been saying for the past few months is true - creditors are willing to accept a haircut.
Rm5 bil down to Rm1.5 bil
Next RM10 bil.....

#AkuYangBeliKauYangPanas

Stock

2023-05-11 10:19 | Report Abuse

Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors.

Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.

Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.

Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.

Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.

#AkuYangBeliKauYangPanas
#DahKenapa

Stock

2023-05-10 18:06 | Report Abuse

Just to clarify, what is your stance on this? Do you believe that PNB only holds 0.16% of Sapura Energy? Honestly. Do u?

Stock

2023-05-10 17:38 | Report Abuse

understand that you may not be aware of the correct website to obtain information.
Please allow me to assist you. You can access this information for free on the Bursa Malaysia website.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Simply select "Sapura Energy" under the "Category" tab
and choose "Changes in share holdings"
to view all the transactions made by substantial shareholders (holding more than 5% of the shares). and insiders

You're welcome

Stock

2023-05-10 17:25 | Report Abuse

This is not a story for kindergarten children. It is common knowledge that shareholder filing dates are not updated daily, but only when there are business transactions such as buying or selling. This is widely understood by everyone except for you. I suggest you seek proper education on the matter.

It's difficult to explain things to someone who lacks education. I've already explained to you multiple times that the shareholder filing date only occurs when they conduct business transactions. The last time PNB/ASB fund bought SAPURA was in July 2022, and they haven't done anything since then. I've even shared a news link about this and provided a screenshot from Bloomberg as proof. If you still can't understand such basic things, then I'm afraid I won't be able to help you any further.

Stock

2023-05-10 17:18 | Report Abuse

understand that you may not be aware of the correct website to obtain information.
Please allow me to assist you. You can access this information for free on the Bursa Malaysia website.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Simply select "Sapura Energy" under the "Category" tab
and choose "Changes in share holdings"
to view all the transactions made by substantial shareholders (holding more than 5% of the shares). and insiders

You're welcome

Stock

2023-05-10 15:49 | Report Abuse

Sometimes your st*p*d*ty is beyond my imagination. I could laugh all day long when reminded how st*pid you are for saying that PNB only holds 0.16%.

The worst part is that you are so confident and naive in telling everyone in this forum!
HAHAHAHAHA

Stock

2023-05-10 15:45 | Report Abuse

Oh wait! Please don't say BURSA MALAYSIA website is outdated. and you only want to see 2023 Data! HAAHHAHAHAHA

Stock

2023-05-10 15:42 | Report Abuse

I understand that you may not be aware of the correct website to obtain information.
Please allow me to assist you. You can access this information for free on the Bursa Malaysia website.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Simply select "Sapura Energy" under the "Category" tab
and choose "Changes in share holdings"
to view all the transactions made by substantial shareholders (holding more than 5% of the shares). and insiders

You're welcome

Stock

2023-05-10 15:34 | Report Abuse

HuangKuang:

It's quite comical that you shared a link to a website. Did you even read and comprehend the information on that website? It seems like a waste to use the free version of the Wall Street Journal website since it can't even provide accurate information on the top 10 shareholders.

If you try searching for other companies like Hartalega and Top Glove, you won't even find EPF listed as a shareholder. It's quite laughable, really.

Stock

2023-05-10 12:58 | Report Abuse

As a shareholder, it's natural for me to be in this forum to share, exchange, and discuss ideas. However, I'm not sure why you're here since you keep saying that SAPURA is going bankrupt and should close shop. Are you not a shareholder?

You mentioned wanting to catch scammers, but it's hard to believe that's your sole purpose. It seems quite noble that you have free time to pursue such a cause.

Stock

2023-05-10 12:57 | Report Abuse

Beyond repair, close shop, bankrupt, winding up. But why are people still commenting on SAPURA forum every day? Hahaha, go to other counters. If you already know SAPURA is going to close down.

Stock

2023-05-10 12:56 | Report Abuse

So, it's important to keep in mind that there are 3 types of people in the SAPURA forum.

1) Shareholders: These are people who have bought some shares and regularly update news and exchange ideas with other shareholders.

2) Bitter people: These are people who have cut losses at the bottom and don't want to see SAPURA recover. As a result, they talk negatively every day.

3) Sole losers: These are people who spend 24 hours, including weekends, talking badly about SAPURA and have achieved nothing in their lives. They cannot afford to buy any shares and are just clowns in the forum, continuously commenting because they are losers in real life.

Stock

2023-05-10 12:29 | Report Abuse

It seems that many individuals in this forum lack familiarity with BURSA MALAYSIA securities regulations. Let me clarify: "hedge fund" and "foolltime traders" in this forum are a joke, as they lack basic understanding of these regulations.

In Bursa Malaysia, shareholders who hold over 5% must announce their buy and sell activities. This applies to both substantial shareholders and insiders, such as company management (CEOs, CFOs, directors, etc.). Once below 5%, no announcement is required.

When some individuals claim that PNB owns only 0.16% of SAPURA ENERGY, I find it amusing, as it demonstrates their ignorance of BURSA MALAYSIA regulations. PNB holds approximately 6 billion shares, which is 40% of the company. It is illogical for a majority shareholder, let alone a substantial shareholder, not to declare their buy/sell activity.
In order to comply with securities law, any substantial shareholder transaction must be submitted to the Securities Commission (SC). On the other hand, to comply with EXCHANGE and LISTING law, any substantial shareholder transaction must be submitted to Bursa Malaysia.

I have provided a link confirming that PNB/ASB bought millions of shares in SAPURA ENERGY in July 2022. https://www.thestar.com.my/business/business-news/2022/08/09/sapura-energy-owners-stake-increase-a-good-sign

A Bloomberg screenshot shows the filing date of 29 July 2022. https://ibb.co/zsTnZgY

Some individuals in this forum claim that I rely on old data and want to use only 2023 data. They do not understand that substantial shareholders do not day trade and buy/sell shares every day. PNB/ASB bought shares in July 2022 and has not made any transactions since then. Thus, there is no need to update or submit a new filing.
https://www.klsescreener.com/v2/announcements/view/3587575 (27 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3588949 (28 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3589331 (29 JULY 2022)

The latest transaction was by SAPURA ENERGY CEO Anuar Taib in August 2022, as per the company announcement. The Bloomberg screenshot I provided is updated as of August 2022. https://www.klsescreener.com/v2/announcements/view/3589803

Any claims that Bloomberg is outdated are unfounded, as it is widely used by financial professionals worldwide. It is a joke to suggest that www.marketscreener.com is more accurate than Bloomberg.

Regarding my Bloomberg screenshot, Dimensional Fund Advisor LP sold 50 million shares, and the filing date was 5 May 2023. However, it is not a substantial shareholder, holding only 0.51% of the shares. Therefore, there is no official announcement by SAPURA on this matter.

Educate yourself before posting anything foolish in this forum. Stop spreading lies and scams. If you are unsure, ask for my help politely, and I will gladly educate you.

I am not urging anyone to believe me blindly. Instead, I encourage people to verify the information themselves. As I mentioned earlier, it is mandatory for PLC to declare any significant shareholder transactions. (it is one of Listing Requirements)
PNB/ASB has not made any transactions since July 2022. They have neither bought nor sold any of their shares.

If they were to sell, SAPURA would be required to make an announcement. As PNB is the majority shareholder, not just a substantial one, it is unlikely that SAPURA would remain silent on such matters.

Furthermore, if PNB had indeed exited SAPURA and only held 0.16% of the shares, reputable news publications such as The Edge and The Star would have reported it by now.

In addition, how would PNB have disposed of 6 billion shares? Were they sold to retail investors? If so, wouldn't there be a substantial increase in trading volume in SAPURA? It simply does not add up and seems illogical.

Regards,
DatoT20

Stock

2023-05-10 11:32 | Report Abuse

Bon888 is an informed investor who conducts research and shares his discoveries. If I believe he has made a mistake, I'm here to rectify it. That's all.

On the other hand, BobbyChai appears to be very gullible in stating that PNB holds only 0.16% of SAPURA ENERGY, based on information from www.marketscreener.com. Only an inexperienced and naive investor would ever accept that information without verifying it first.

Regards,
DatoT20

Stock

2023-05-10 11:26 | Report Abuse

It seems that many individuals in this forum lack familiarity with BURSA MALAYSIA securities regulations. Let me clarify: "hedge fund" and "foolltime traders" in this forum are a joke, as they lack basic understanding of these regulations.

In Bursa Malaysia, shareholders who hold over 5% must announce their buy and sell activities. This applies to both substantial shareholders and insiders, such as company management (CEOs, CFOs, directors, etc.). Once below 5%, no announcement is required.

When some individuals claim that PNB owns only 0.16% of SAPURA ENERGY, I find it amusing, as it demonstrates their ignorance of BURSA MALAYSIA regulations. PNB holds approximately 6 billion shares, which is 40% of the company. It is illogical for a majority shareholder, let alone a substantial shareholder, not to declare their buy/sell activity.
In order to comply with securities law, any substantial shareholder transaction must be submitted to the Securities Commission (SC). On the other hand, to comply with EXCHANGE and LISTING law, any substantial shareholder transaction must be submitted to Bursa Malaysia.

I have provided a link confirming that PNB/ASB bought millions of shares in SAPURA ENERGY in July 2022. https://www.thestar.com.my/business/business-news/2022/08/09/sapura-energy-owners-stake-increase-a-good-sign

A Bloomberg screenshot shows the filing date of 29 July 2022. https://ibb.co/zsTnZgY

Some individuals in this forum claim that I rely on old data and want to use only 2023 data. They do not understand that substantial shareholders do not day trade and buy/sell shares every day. PNB/ASB bought shares in July 2022 and has not made any transactions since then. Thus, there is no need to update or submit a new filing.
https://www.klsescreener.com/v2/announcements/view/3587575 (27 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3588949 (28 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3589331 (29 JULY 2022)

The latest transaction was by SAPURA ENERGY CEO Anuar Taib in August 2022, as per the company announcement. The Bloomberg screenshot I provided is updated as of August 2022. https://www.klsescreener.com/v2/announcements/view/3589803

Any claims that Bloomberg is outdated are unfounded, as it is widely used by financial professionals worldwide. It is a joke to suggest that www.marketscreener.com is more accurate than Bloomberg.

Regarding my Bloomberg screenshot, Dimensional Fund Advisor LP sold 50 million shares, and the filing date was 5 May 2023. However, it is not a substantial shareholder, holding only 0.51% of the shares. Therefore, there is no official announcement by SAPURA on this matter.

Educate yourself before posting anything foolish in this forum. Stop spreading lies and scams. If you are unsure, ask for my help politely, and I will gladly educate you.

I am not urging anyone to believe me blindly. Instead, I encourage people to verify the information themselves. As I mentioned earlier, it is mandatory for PLC to declare any significant shareholder transactions. (it is one of Listing Requirements)
PNB/ASB has not made any transactions since July 2022. They have neither bought nor sold any of their shares.

If they were to sell, SAPURA would be required to make an announcement. As PNB is the majority shareholder, not just a substantial one, it is unlikely that SAPURA would remain silent on such matters.

Furthermore, if PNB had indeed exited SAPURA and only held 0.16% of the shares, reputable news publications such as The Edge and The Star would have reported it by now.

In addition, how would PNB have disposed of 6 billion shares? Were they sold to retail investors? If so, wouldn't there be a substantial increase in trading volume in SAPURA? It simply does not add up and seems illogical.

Regards,
DatoT20

Stock

2023-05-10 11:20 | Report Abuse

Hi Bon888,

it seems that you may be confused between the roles of the Securities Commission (SC) and Bursa Malaysia. Allow me to clarify.

In order to comply with securities law, any substantial shareholder transaction must be submitted to the Securities Commission (SC).

On the other hand, to comply with EXCHANGE and LISTING law, any substantial shareholder transaction must be submitted to Bursa Malaysia.

I hope this information helps.

Stock

2023-05-10 10:52 | Report Abuse

I am not urging anyone to believe me blindly. Instead, I encourage people to verify the information themselves. As I mentioned earlier, it is mandatory for PLC to declare any significant shareholder transactions. (it is one of Listing Requirements)
PNB/ASB has not made any transactions since July 2022. They have neither bought nor sold any of their shares.

If they were to sell, SAPURA would be required to make an announcement. As PNB is the majority shareholder, not just a substantial one, it is unlikely that SAPURA would remain silent on such matters.

Furthermore, if PNB had indeed exited SAPURA and only held 0.16% of the shares, reputable news publications such as The Edge and The Star would have reported it by now.

In addition, how would PNB have disposed of 6 billion shares? Were they sold to retail investors? If so, wouldn't there be a substantial increase in trading volume in SAPURA? It simply does not add up and seems illogical.

Regards,
DatoT20

Stock

2023-05-10 10:44 | Report Abuse

it is Listing Requirements to do so

Stock

2023-05-10 10:42 | Report Abuse

Hi Bon888, I believe you may have made an error. Companies listed on BURSA MALAYSIA are required to comply with regulations and cannot simply choose not to make an announcement.

It is mandatory for any substantial activity involving buying or selling to be announced within 3 days.






Stock

2023-05-10 10:28 | Report Abuse

It seems that many individuals in this forum lack familiarity with BURSA MALAYSIA securities regulations. Let me clarify: "hedge fund" and "foolltime traders" in this forum are a joke, as they lack basic understanding of these regulations.

In Bursa Malaysia, shareholders who hold over 5% must announce their buy and sell activities. This applies to both substantial shareholders and insiders, such as company management (CEOs, CFOs, directors, etc.). Once below 5%, no announcement is required.

When some individuals claim that PNB owns only 0.16% of SAPURA ENERGY, I find it amusing, as it demonstrates their ignorance of BURSA MALAYSIA regulations. PNB holds approximately 6 billion shares, which is 40% of the company. It is illogical for a majority shareholder, let alone a substantial shareholder, not to declare their buy/sell activity.

I have provided a link confirming that PNB/ASB bought millions of shares in SAPURA ENERGY in July 2022. https://www.thestar.com.my/business/business-news/2022/08/09/sapura-energy-owners-stake-increase-a-good-sign

A Bloomberg screenshot shows the filing date of 29 July 2022. https://ibb.co/zsTnZgY

Some individuals in this forum claim that I rely on old data and want to use only 2023 data. They do not understand that substantial shareholders do not day trade and buy/sell shares every day. PNB/ASB bought shares in July 2022 and has not made any transactions since then. Thus, there is no need to update or submit a new filing.
https://www.klsescreener.com/v2/announcements/view/3587575 (27 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3588949 (28 JULY 2022)
https://www.klsescreener.com/v2/announcements/view/3589331 (29 JULY 2022)

The latest transaction was by SAPURA ENERGY CEO Anuar Taib in August 2022, as per the company announcement. The Bloomberg screenshot I provided is updated as of August 2022. https://www.klsescreener.com/v2/announcements/view/3589803

Any claims that Bloomberg is outdated are unfounded, as it is widely used by financial professionals worldwide. It is a joke to suggest that www.marketscreener.com is more accurate than Bloomberg.

Regarding my Bloomberg screenshot, Dimensional Fund Advisor LP sold 50 million shares, and the filing date was 5 May 2023. However, it is not a substantial shareholder, holding only 0.51% of the shares. Therefore, there is no official announcement by SAPURA on this matter.

Educate yourself before posting anything foolish in this forum. Stop spreading lies and scams. If you are unsure, ask for my help politely, and I will gladly educate you.

Best regards,
DatoT20

Stock

2023-05-09 18:09 | Report Abuse

This is not a story for kindergarten children. It is common knowledge that shareholder filing dates are not updated daily, but only when there are business transactions such as buying or selling. This is widely understood by everyone except for you. I suggest you seek proper education on the matter.

Stock

2023-05-09 17:57 | Report Abuse

It's difficult to explain things to someone who lacks education. I've already explained to you multiple times that the shareholder filing date only occurs when they conduct business transactions. The last time PNB/ASB fund bought SAPURA was in July 2022, and they haven't done anything since then. I've even shared a news link about this and provided a screenshot from Bloomberg as proof. If you still can't understand such basic things, then I'm afraid I won't be able to help you any further.

Stock

2023-05-09 17:33 | Report Abuse

So, it's important to keep in mind that there are 3 types of people in the SAPURA forum.

1) Shareholders: These are people who have bought some shares and regularly update news and exchange ideas with other shareholders.

2) Bitter people: These are people who have cut losses at the bottom and don't want to see SAPURA recover. As a result, they talk negatively every day.

3) Sole losers: These are people who spend 24 hours, including weekends, talking badly about SAPURA and have achieved nothing in their lives. They cannot afford to buy any shares and are just clowns in the forum, continuously commenting because they are losers in real life.

Stock

2023-05-09 17:31 | Report Abuse

The bitter and sole loser individuals tend to troll in the forum. Upon reading their comments, you can observe that they have difficulty expressing themselves clearly and effectively. This can be attributed to their lack of education. It is evident in their arguments when engaging with me.

Stock

2023-05-09 17:24 | Report Abuse

Their main objective is to spend their time here with one purpose: they want to witness the downfall of SAPURA. They will take pleasure in seeing SAPURA close shop and celebrating its failure. The reason behind this attitude is that they are bad and immoral people. They derive satisfaction from seeing others lose money. Stay away from them and do not engage with them.

Stock

2023-05-09 17:21 | Report Abuse

The Bitter people and Sole losers always seem to get their facts wrong. They twist every positive news update into something negative for SAPURA.

They say that Debt restructuring is bad, and that no one will accept a haircut.
They say finding oil reserves is bad because SAPURA doesn't have the money to drill for oil. They say selling assets to pay off debt is bad because SAPURA won't be able to generate any income.
They say having a whiteknight is bad because nobody in the world would want to be the whiteknight for SAPURA, which has 15 billion in debt.
They also bring up the fact that PNB sold and now only holds 0.16% of the shares. Despite shareholders sharing screenshots from Bloomberg, the most reputable finance platform, and recent news regarding SAPURA's merger with MHB which clearly stated that PNB holds 40%, Bitter people and Sole losers reject the evidence and hold on to their own beliefs. They seem to only believe what they want to believe, even when presented with facts.
They believe that share consolidation is 100% bad and that after consolidation, SAPURA will surely die, despite there being examples of companies doing well after share consolidation.

Stock

2023-05-09 17:10 | Report Abuse

As a shareholder, whenever we share positive news or market rumors, bitter people and sole losers quickly label us as liars and scammers.

But it's important to question who the real scammers are. Isn't it unreasonable for someone who has no vested interest in SAPURA to spend 24 hours commenting here?

Stock

2023-05-09 17:07 | Report Abuse

There are three types of people in the SAPURA forum:

1) Shareholders: These are people who have bought some shares and regularly update news and exchange ideas with other shareholders.

2) Bitter people: These are people who have cut losses at the bottom and don't want to see SAPURA recover. As a result, they talk negatively every day.

3) Sole losers: These are people who spend 24 hours, including weekends, talking badly about SAPURA and have achieved nothing in their lives. They cannot afford to buy any shares and are just clowns in the forum, continuously commenting because they are losers in real life.

Stock

2023-05-09 17:03 | Report Abuse

It seems that the only reason for your constant negativity towards SAPURA is because you've suffered a loss and don't want to see it recover. If SAPURA were to recover, it would be disastrous for your life.

You have had plenty of opportunities to buy shares in SAPURA, yet you choose to constantly express your bitterness about it

Stock

2023-05-09 17:01 | Report Abuse

It is logical to question why someone would spend every day in this forum while being extremely negative about it. As for me, I have already stated that I am a shareholder and I want to share news, updates, and ideas as well as discuss them with others.

It is highly unlikely that anyone would spend their precious time spamming comments in SAPURA forum every day for no reason.

Stock

2023-05-09 16:58 | Report Abuse

As a shareholder, it's natural for me to be in this forum to share, exchange, and discuss ideas. However, I'm not sure why you're here since you keep saying that SAPURA is going bankrupt and should close shop. Are you not a shareholder?

You mentioned wanting to catch scammers, but it's hard to believe that's your sole purpose. It seems quite noble that you have free time to pursue such a cause.

Stock

2023-05-09 16:55 | Report Abuse

Beyond repair, close shop, bankrupt, winding up. But why are people still commenting on SAPURA forum every day? Hahaha, go to other counters. If you already know SAPURA is going to close down.

Stock

2023-05-09 13:51 | Report Abuse

Today's topic is about:
PNB - SAPURA - MAYBANK

Interestingly, Sapura Energy's fate is tied to two major Malaysian financial institutions:
1. Maybank
2. Permodalan Nasional Berhad (PNB).

Maybank is the largest creditor of Sapura, while PNB is the largest shareholder.

PNB, which is a Malaysian government-linked investment company, owns a significant stake in Maybank. This creates a unique conflict of interest. Why? This is due to Maybank is Sapura's largest creditor, has the power to liquidate the company's assets to recover its loans. However, PNB, as the largest shareholder of Sapura, would suffer a massive loss if the company were to be delisted or wound up! That is why Dato consistently emphasizes in this forum that education is crucial. Without adequate education, one may remain in the B40 category.

Ok, lets continue....

This complex relationship between the 3 entities has raised questions about how Sapura's financial troubles will be resolved. While Maybank has the right to liquidate Sapura's assets, it is unlikely to do so without PNB's approval, given its significant stake in the company.

On the other hand, PNB is unlikely to let Sapura go bankrupt as it would suffer a significant loss. As such, there is a need for a mutually agreeable solution that will help the company regularize its financial position without negatively impacting the interests of Maybank and PNB.

So is it true SAPURA is Beyond Repair? RIP? Winding up? Close shop? Current shareholders all mati? Don't listen to B40s. Let a T20 class man explain.

Listen to Dato carefully, there is hope for Sapura Energy. The company has been making efforts to address its PN17 status through negotiations with its existing financiers, including Maybank. Moreover, the company has received support from a White Knight investor who is willing to invest in the company subject to the agreement of the schemes with the MCF Financiers. This support is a positive sign and suggests that there is still hope for Sapura Energy to recover. READ the latest company announcement.

While Sapura Energy's financial troubles have created a complex situation for its largest creditor and shareholder, there is hope for a mutually agreeable solution. The company's efforts to address its PN17 status, coupled with the support of a White Knight investor, suggest that there may be a positive outcome for the company in the near future.

Stock

2023-05-09 13:48 | Report Abuse

Disclaimer: The following writing represents my personal opinion as a shareholder of SAPURA Energy. The content is derived from the company's official announcements, market news, rumors, and gossip circulating in the market.

Sapura Energy, a leading oil and gas company in Malaysia, has been facing financial troubles for some time now. However, there is hope for the company in the form of a WhiteKnight investor (QATAR ENERGY) who is willing to invest in the company subject to the agreement of the schemes with the MCF financiers. Here are some reasons why it would make sense for a WhiteKnight to buy Sapura Energy:

Sapura Energy is undervalued: With a current valuation of only RM500 million, Sapura Energy is one of the cheapest assets in the world. This presents a great opportunity for a WhiteKnight to acquire a company with significant potential at a very reasonable price.

Sapura Energy has valuable oil and gas reserves: Despite its financial troubles, Sapura Energy has billions of dollars in oil and gas reserves. This means that a WhiteKnight can acquire a company with a substantial amount of valuable resources that can be developed and monetized over time.

Sapura Energy has technical expertise and experience: Sapura Energy has been operating in the oil and gas industry for over four decades, and has established itself as a leading player in the market. The company has valuable technical expertise and experience that can be leveraged by a WhiteKnight to further enhance its operations.

For example, a WhiteKnight could use Sapura Energy's expertise in offshore drilling to expand its own operations, or tap into the company's experience in the exploration and production of oil and gas to improve its own processes. Additionally, Sapura Energy's extensive network of partnerships and relationships within the industry can provide a WhiteKnight with valuable opportunities for growth and expansion.

Overall, the acquisition of Sapura Energy by a WhiteKnight makes a lot of sense, given the company's undervaluation, valuable oil and gas reserves, and technical expertise and experience. It presents a great opportunity for a strategic investor to acquire a quality asset at a very reasonable price, with the potential for substantial long-term returns.

Stock

2023-05-09 13:46 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/08/09/sapura-energy-owners-stake-increase-a-good-sign

On July 27, 28 and 29, Amanah Saham Bumiputera (ASB) bought a total of 290.13 million shares in Sapura Energy, thus raising its direct stake by almost 3% to 30.08%.

The buying by ASB was on the heels of Sapura Energy’s 11th AGM on July 28. Sapura Energy are trading at near historic lows and closed at 4.5 sen yesterday.

Alright, it appears that no one else in this forum has access to the BLOOMBERG TERMINAL like I do as a T20 individual. Therefore, I will share a screenshot of the information on my desktop.

https://ibb.co/zsTnZgY
https://ibb.co/zsTnZgY
https://ibb.co/zsTnZgY

ok? happy? hahaha
My apologies, I am not spamming. I am simply unable to tolerate the level of foolishness demonstrated by these two individuals. (Bobbychai & HuangKuang)

It's foolish to think that shareholder filing happens every day. Some people assume that top shareholders trade every day like they do, which is why they expect filing dates to be updated every day. Hahaha, how naive!!!!!

Stock

2023-05-09 13:44 | Report Abuse

DatoKembara: Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 2023-05-16. Please refer to the Terms and Conditions of Use or Community Standards of this portal.

Here is my new account. DatoT20
ni sebab mencarut banyak sgt cakap boloh2.. hahaha