Holy Cow
Really hardworking life man.
Non stop 60/1 24/7 365.25/12
Just go count all your hair better, at least it is STILL BELONGS to you
Bad mouth for things you don’t own (5218) for 67 / 69
Lap sap trash najise

Halo it’s lunch time...
Chik chiak
Hardworking like kerbau
Day and night,
Monday to Sunday also non stop.
So exciting for what
Close shop already or not
Buy on fear
Sell on greed

SPOT ON!
BINGO!!

Existing/Former SE shareholders who bought between RM1.00 and RM4.80, coming back to "balas dendam" by talking bad about the company....in short, like "Hantu dendam" wearing red clothes lingering in this forum every second

Clearly Hatred and can not moves on with life. Need beer to ease the pain but just temporary relieve.

Cepat cepat
Naik bas naik bas
Tiket murah sudah mau jalan

Burp.
Kenyang makan 4.5 sen

Weekend sudah mau mari
Kejab lagi takut ketinggalan bas start sapu 5sen lagi
Kita start rilek, yang pernah sangkut dulu dulu punya tak rehat komen negative lagi. Move on lah pren
Kesian tengok tapi terhibur jugaklah.

DJI down 700 pts
That’s another 3% southway
Bloodshed expected In KLSE
Trade within own capability

move forward

Sapura Energy expects our company's operating environment to improve in the coming year. Continued global economic recovery and geopolitical tensions centered in Eastern Europe will support oil prices and push energy importers to find new sources of supply. These factors, along with the sharp increase in oil prices we have seen so far in fiscal 2023, will support new investments in the oil and gas industry, driving demand for our services.

Taking advantage of these opportunities will require us to remain focused on the effective financial and operational restructuring of our company. As a key part of our restructuring, Sapura Energy is actively working to find new sources of funding to ensure we have the necessary funds to execute our turnaround plan, including by divesting non-core assets.

In addition to this, we will continue to work with our lenders to find the best way to resolve the debt burden. The Board of Directors is optimistic about the prospect of an agreement that recognizes the claims of our lenders while ensuring the continued financial viability of Sapura Energy. We will also continue to negotiate with our trade creditors under the SOA framework to reach a mutually acceptable agreement on our outstanding payments to them.

On the business side, Sapura Energy will continue to renegotiate old contracts with our customers to reflect the fundamental change in the environment in which we now operate. Through these renegotiations, we hope to mitigate or make up for the losses we have suffered due to the pandemic. Crucially, as we move forward, we will maintain discipline in the bidding and execution of projects based on the principle of "bid right, execute with discipline."

Building a stable platform is crucial for the Group to turn losses into profits. Sapura Energy is very clear about the scale of the challenges we face, but we are optimistic that we are now on the right path to recovery.

Won’t shoot up overnight and no gap up yet.
But buy if really got extra money to spare.
Don’t buy if its hope for instant result.
Most important, DON’T be NOISY or be beat the bush around type if you were stuck at high price before and can not forget the past to move on with life. Go find a life.
Since it’s not worth a penny share, why still hardworking comenting?
Hahaha

Like that many hard blower can’t sleep well. Not blow so hard say surely tutup kedai ka. Not falling to 3 cents ka. Like this how I collect more

If it really touch 3 cents, surely will buy in more lots. Amen
Foresee it can happen but as for it to gulung tikar, very very unlikely will!!!

OUR STRATEGIC RESET PLAN

In December 2021, the Board announced the establishment of BRTF to provide oversight and support to the Management Team as they embarked on its Reset Plan. The Reset Plan aims to restructure Sapura Energy and overcome immediate financial and operational challenges.

The BRTF, and various workstreams under the taskforce, reviewed the Group's capital structure and financial framework, as well as its operating model and future business direction. The Reset Plan sets out these objectives:

Rebuild our balance sheet by improving the Group's capital structure and financial framework, including reducing unsustainable debt and resolving aged payables:

. Enhance Operational Excellence through the principle of 'Bid Right, Execute with Discipline. This entails refocusing our bid funnel based on capabilities and risk appetite, improving productivity and project execution discipline, and implementing a more robust risk management framework;

Renegotiate contracts with key clients to ensure projects are at minimum cash neutral or better; and

Chart future business direction by reviewing the Group's portfolio and organisation, to rationalise core businesses in line with energy transition plans.

The BRTF has already made early progress in the implementation of these plans.

We have improved our financial management by focusing on cash generation and profitability, rather than headline revenue. Working with independent advisors, we have also rebuilt our financial infrastructure to give us better visibility into our cash flow, even down to the project level, and to provide better insight into where our costs are.

Additionally, in March 2022, the High Court of Malaya ("the Court") granted Sapura Energy and 22 of its wholly-owned subsidiaries Orders under Sections 366 and 368 of the Companies Act 2016. With these orders in place, the Group is negotiating with creditors, to consider and approve a proposed SOA as part of its debt restructuring plan.

The Court also granted Sapura Energy a Restraining Order ("RO"]) to stay legal proceedings against us, which will help the Group engage with creditors without disruption to operations. Additionally. our lenders also agreed to a standstill during the period of the RO.

The proposed SOA, if approved by the creditors and sanctioned by the Court, will enable the Group to carry out its proposed debt restructuring and provide a firm framework for fair and equitable resolution to our creditors.

As part of the standstill agreement with our creditors, Cosimo Borrelli joined the Board as a court-appointed Non-Independent Non-Executive Director to represent the interests of our creditors on 25 March 2022. Cosimo's extensive experience in cash flow management will be a major help to the Group's pursuit of financial stability.

At the same time, the Group has also embarked on a series of negotiations with clients on legacy contracts to recover or limit project losses. In February 2022, the Group terminated the contract for the transportation and installation of monopiles at the Yunlin offshore wind farm in Taiwan. The decision was taken after exhausting avenues for an amicable solution.

On the operational side, we strived to maintain profit margins and reduce risks in projects by adopting the mantra "Bid Right, Execute with Discipline" for all new prospects. This means focusing our bidding on contracts in markets where we are highly competitive: at the right cost; and with clear visibility on risks we are assuming. Going forward, our focus will be on project profit margins rather than headline revenue.

Our increasingly-selective approach to tenders saw the total value of our bid book decline from RM54 billion at the start of FY2022 to RM28 billion by the end of FY2022. Our new approach will see us focus on the Asia-Pacific and Atlantic regions, where we have extensive project experience and existing assets.

The BRTF has already made early progress in the implementation of these plans.

We have improved our financial management by focusing on cash generation and profitability, rather than headline revenue. Working with independent advisors, we have also rebuilt our financial infrastructure

ADDRESSING OUR OPERATIONAL AND FINANCIAL CHALLENGES

The challenge for our project teams is to deliver on promises to clients, while maintaining profitability in these projects, In FY2022, this has not always been possible.

Almost all our loss-making projects were from contracts won prior to the pandemic, which imposed onerous terms and did not include unforeseeable costs brought about by COVID-19 restrictions. Pandemic-related project delays, higher material and implementation costs, and global supply chain disruptions have resulted in Sapura Energy incurring operating losses in the financial year under review.

Cash flow constraints were made worse following our lenders' decision to severely curtail the use of our working capital facilities since October 2021. This has forced Sapura Energy to utilise internal resources to finance projects. Cash flow constraints have resulted in missed payments to vendors, with overdue payables amounting to more than RM1 billion by end FY2022. Addressing these financial and operational issues is our key priority as we move forward.

Financial Year 2022 ("FY2022") was one of the most challenging years in Sapura Energy Berhad's ("Sapura Energy" or the "Group") history. Following the protracted downturn in new investments in the oil and gas sector and the COVID-19 pandemic, Sapura Energy faced severe financial constraints in the year under review.

On 31 May 2022, Sapura Energy made an announcement to Bursa Malaysia stating that it has triggered the prescribed criteria pursuant to the Listing Requirements under Practice Note 17 ("PN17"). The Group has taken steps to regularise its business through a Reset Plan, launched in FY2022.

As a matter of urgency, this means reducing our unsustainable debt burden; reaching an amicable resolution with our vendors on outstanding payments; and fixing operational issues that were mainly the result of unfavourable contracts signed before the pandemic.

Sapura Energy's Board of Directors (the "Board") created a Board Restructuring Task Force ("BRTF") in December 2021, to strengthen our management and governance functions.

We also took a major step towards restructuring our debts in a fair and orderly manner through negotiations with our creditors, when we obtained court orders to begin the Scheme of Arrangement (SOA) process in March 2022.

These orders provided us the necessary space and framework to execute our Reset Plan and the Board is determined to use this opportunity to establish a clear path towards the Group's recovery.

It is important to stress that, despite the current financial difficulties, Sapura Energy maintained competitiveness in the global energy services market; and continued to win work in Malaysia and internationally.

Building on this capability, the Board is confident the Reset Plan is on track to deliver improved results in Financial Year 2023 ("FY2023"), placing us on the right path towards financial and operational stability.

Maciam maciam pun masih teguh berdiri. Jika jatuh tinggal 2 sen pun tak payah ghisau maaaa.... Hanya betul betul rugi kalau tutup kedai. Nak untung kena take the risk, grab the chance. Asyik salak salak negative apa menda nie. Buy to your capability ok.

Motif standout clear ma
Mau nampak pandai
Mau nampak kaya
Mau nampak baik hati
Taubatlah selagi sempat ooooi

Miskin tapi nampak seakan lebih kaya dari yang lain. Standouts lah tu babes
Kesian.
Sabtu Ahad pun bertungkus lumus kerja

Hahaha rasa pedas bila makan cili.
Miskin tak salah, yang salah miskin tapi cuba punya cuba nak jahanam semua supaya dia miskin tapi lebih kaya antara semua yang miskin

Ada duit lebih, beli jer
Duit tak ada, duduk lah diam diam

Kesian...
Hujung minggu orang semua Duduk rumah relax, cuti aman
Ini asyik mengigau condem 5218 Apa tujuan?
Pelik haha
Pelik hahahahaha
Cacing kepanasan ni
Kesian ..

The funny part was so many buy in every Friday near closing time when they said it’s not a good stock to buy

Big stock movements across 4 bank link to Saprng by EPFB & KWP were CIMB, AMBANK, RHB & MAYBANK. Shall get the result very very soon.
Fasten you’re seatbelt and fly to the moon

The name lizard really fits hahahahaha
Forever good at making noise but doesn’t matters at all

You sell I buy
Will buy more if it drop below 6 cent
Value for money mah

It’s pressing down the price one last time before it sky rocketing.
Hold your breath ........... BUY!!!

Late good news today
(Congratulation)
Have a great happy weekend

Today a lot of cars parked by the roadside near Sapura and Felcra building.
Wonder what's going on?

(Raya open house after 4pm tomorrow. Last one was held before COVID in year 2019)

Stay for Good news tomorrow !!!

Wait lah for new action from bosku either a tweet or comment before the weekend, then start move up a bit. I foresee 0.1 next Monday to 0.115 highest

Support Unbreakable
How to see 6.5 cents O man

Aides..... Don’t spill the beans so early.
Make them nervous so can get cheaper entry. 7 cents very good bargain mah

I hunger for more.
Common break the new support at 7.5cents

Thank you for selling
Muacks

Why hesitate to sell more. Support can’t break at 8 cents. I want to buy

Common, bring it down. Let me chances to recollect low again

Good show today !!!
Sweet dream tonight

So many runners in final 10min. All joining marathon ka

What a leap you MAMMOTH!!!
For so long you’ve been push to move but you only fell all the way.
Don’t look back anymore.
Gogogogogo

Good morning Nestconian

Profit taken
Rejoin next week
Thank you Dnex

Lai liao Lai liao

This counter will continue down trend.
Im awaken at 0.89
Cut lost and looking at it now, I’m glad I did it.
Did rang the bell and told everyone to run.

RUN RUN RUN if you still in FAST!!!

Superlimit go where
Haha hahahahaha..... GGgg

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

Cant everyday up la...

Kakakakaka ka kikikikikiki
Angkat kaki
Jaga diri

Pakai umpan sama untuk memancing ni.
Berhati hati semua.
Tengah hari nanti menjunam lagi teruk.
Cash out jika Tak mau parah.
Cut cut cut

Itulah !!!
Bagi peluang Lari, tak mau.
Tamak itu merugikan
Cepat cut cut cut, jangan tunggu lebih lama

Kakakaka kikikikiki
Cepat angkat kaki yer
Jangan ada harapan

Kakakaka kikikikiki
So funny with why run?
Next Widad might get affected also if dataprp hit LD