For them the price is irrelevant, just force the buyers to come out

just like ASTRO if u have foreign selling
wait till finish

Foreign selling
Broker code 035

That sort of oil consolidation won’t happen. All have different business cultures. It will again create too big to fail scenarios in the future.
Only the fittest will survive, the rest will be taken over at basement prices. This is the law of the jungle.
We can dream……….no harm in that

Can u pls explain why Sapura needs to merge with MHB to survive.
Sapura can do it on its own and has the expertise.
MHB does not have the money or resources to get involved with Sapura cos if their merger business fails, MISC will also fail. Petronas will not allow that.
Another scheme will happen for Sapura to get out of this mess which is developing now

It needs to break out of Sapura’s negative publicity

Elaphe..........These are the Takeover/Merger Companies Act Rules
MISC & TECHNIP are parties acting in concert so they are treated as one.
Since i will never be a shareholder of Sapura, there is no purpose being in this forum

If MHB in the picture, then MISC will have to take it private cos MISC & Technip cannot vote & no other shareholders will vote in that deal to kill themselves. So either way I'm good without getting involved in Sapura

qqq,
Rights issue will then come say 1:50 at 20-30 sen. Paid up will increase as Sapura needs cash as bankers will not extend additional loans.
This is a mismanaged company. All your good money may vanish again plus the share price may again tank
So I can’t see any attractiveness here.
But good luck to all

Any white knight will definitely force bankers and shareholders to take haircuts.
Shareholders in Sapura must mentally be prepared for at least 100:1 share consolidation with potential rights issue to sink more money into a distressed company.
Really madness how mgt can run down such a company

By the way, I hold no shares in Sapura, will never buy also but own shares in MHB

Only one Company ie Petronas can save Sapura. Even Tenaga doesn’t have that capacity. MHB books show that they can’t do it.
Petronas is not in the business of saving its subcontractors.

Who else is left………..Taxpayers via the GOMEN can do it, but will they???????????
There will be public outcry plus GOMEN got no money

Once that dust settles plus when INVESTORS realises that the only way to save Sapura is via creditors & shareholders haircuts, share consolidations plus rights issue after haircuts then only Sapura can be saved

Dear Dato T20
A restructuring may be as follows if can:-
1. Total debt haircut 90% - debt now becomes 1.5b
2. Capital reduction 100:1 capital reduced to say 1.5b (for simple calc)
3. Rights issue 1:1 @0.50 raises cash 750m
4. Sale of some assets to raise 1.5b for working capital cos cannot get any more bank loans

Sapura needs big haircuts from both creditors and shareholders in order to survive cos their old contracts signed are with low margins with little room for adjustments
Hope for the best.

That's the only way to force the merger cos minority shareholders will never vote in favour of the merger.
MISC & TECHNIP which holds 75% cannot vote.
Anyways..................MHB"s books shows that merger is impossible to settle Sapura"s debts of RM 16 billion
No bankers will give any loans to bail out Sapura
To save Sapura, creditors needs to take minimum 90% haircut. Will they?????
Its either that or Sapura goes into LIQUIDATION

Only one Company ie Petronas can save Sapura. Even Tenaga doesn’t have that capacity. MHB books show that they can’t do it.
Petronas is not in the business of saving its subcontractors.

Who else is left………..Taxpayers via the GOMEN can do it, but will they???????????
There will be public outcry plus GOMEN got no money

Once that dust settles plus when INVESTORS realises that, the MHB will shoot up fast.
Just wait and see how low it goes down.
I hope 5 sen

Malaysia is part of OPEC+ and has to cut some production in line with OPEC decision on 4th June

Last few days main sellers are brokers 087 & 035
Today is 087
hopefully they finish selling soon

Have u guys figured out how Sapura coming out of this mess?

https://focusmalaysia.my/dealing-with-volatility/

https://focusmalaysia.my/dealing-with-volatility/

Just bought
Will exit if it fails to hold above 0.60
Very good company but needs to have good dividend policy to attract Institutional shareholders

If no merger- BIMB TP 0.94, mine 1.09
If merger- BIMB silent, mine 1.80 based on taking it private
No 0.30 in the equation. That price can happen if oil falls below 30 bucks

Now it’s under the radar of Tong’s Edge Portfolio
Within 3-6 months………possible 100% return.
Look at the Balance Sheet

https://www.businesstoday.com.my/2023/05/29/petronas-denies-speculation-on-alleged-merger-between-mhb-sapura-energy/

Any case, Sapura has until June 11 court sanctioned protection to say something or apply for further time if the court so agree. MHB has only 300+ million net cash……..how to settle Sapura’s 15 billion debt?
No bank in this world will lend him any money. So a restructuring may be as follows if done with MHB:-
1. Total debt haircut 90% - debt now becomes 1.5b
2. Capital reduction 100:1 capital reduced to say 1.5b (for simple calc)
3. Rights issue 1:1 @0.50 raises cash 750m
4. Sale of some assets to raise 3.5b for working capital cos cannot get any more bank loans
5. Merge with MHB …….ratio 2:1 or 1:1 but better if 2 Sapura shares for 1 MHB shares as Sapura has bad image.
6. Will MHB minority shareholders vote in favour of deal……..fat chance cos it’s not in their best interest.. Misc & Technip cannot vote. Most MHB shareholders cost is very very very high. So it’s a waste of PNB time to continue with this rubbish deal unless they can pull a rabbit out of the hat.
TAKE IT PRIVATE with a good offer perhaps RM1.80 . They only need to buy 25% ie 400m shares. No big deal to save Sapura.
Better still………..just walk away & let nature take its course for Sapura

positiontrader........i 100% agree with your analysis
If u look at the Balance Sheet of MHB , there can never be a merger with Sapura.
If u want to force a merger, u have to take MHB private & do some magic there
When the market realises that Petronas is not going to agree plus Technip also
then MHB will rebound fast

true but they can't vote & minority will reject plus mhb does not have the capacity to do it.
Sapura is too big to save

Only Petronas can takeover Sapura which they won't do.
No other company has the capacity to do that unless want to commit suicide

Keep on repeating old storytelling is to syiok sendiri wanting people to sell

Mhb unlikely to buy any yards cos the need cash to service their order book which is huge ie highest in their history.
Those story tellers who speculate merger story with Sapura unly wants to panic retailers to sell out and they buy cheap.
Mhb is no Santa Claus, Petronas via Misc has to take it private for any deals cos minority shareholders will never approve such a misadventure

https://theedgemalaysia.com/node/651231

Pls read this and perhaps there is clarity or other wise

As far as I understand from the available info, the courts decided that since Arbitration was going to take place it was fair and equitable for status quo in the Board Of Silterra to remain until the out come of the disputes.

Anyone is free to come to any conclusions. There are those who want Dnex to crash & those who want the best for the company.

Arbitration news should come out on 16th May at the latest cos normally within 6 months

Rescue is easy
Bankers have to take a hair cut ie 10 sen to the dollar ie 90% hair cut.
Shareholder take a 100:1 capital reduction
Then a rights issue of 10:1 at 30 sen with free warrants
No need merger cos can never happen with anybody let alone with MHB unless take MHB private at RM 1.50 or better

If CGP loses it will be best for them to sell out & nice if Foxconn steps in.
That would be ideal

I think Arbitration will rule in DNEX favour but CGP will be a very sore lose n make it very difficult for Dnex to do business

Merger with sapura will be impossible
Misc n technip can’t vote .
Minority shareholders will reject the deal
Sapura has negative NTA
So only way is to take MHB private for it to succeed.

Like Saudee
Initial share cap 135m now 995m
They used 25m cash to buy related company shares
Same will happen here

Saudee also had rights issue at 15 sen
See the price now

This is a Fintech company & within 1-3 months it will go to 5 sen with hundreds of millions of shares to be issued as PP at around 5-6 sen
Just be very careful

No, i'm still out but that's my analysis after some further study of Saudee.
It's just the stigma of the main shareholders thats holding back the spike in the share price.
Perhaps if it crosses 10 sen then nobody will care as punters smell money to be made
I'l wait for a few more days before coming back in & also i want to see whether 5.5 sen can be cleared.

only when the the market realizes that the company is grossly undervalued
need a good set of results
my target is 25-35 sen

Its too scary for me,
I'm out
All the best

Net cash 62m
Lowest P/E among listed steel stocks
Eventually will move up & outperform when times are better

Monday should rebound strongly thanks to Annjoo’s superb results

Lebih busuk company lagi bagus share price
It’s called bursa bolih

Sorry KYY must hold less then 6.4m ie less than 5% otherwise he need to disclose.
May add his relatives n close friends then 10m or more

The company has some non controlling shareholders ie outside shareholders of some of its operating subsidiaries. That’s a drain on its profits, otherwise it PAT will be RM 61m.
If u look at the cash flow statement EUPE paid almost RM 50m as dividends to shareholders of non-controlling interest. That’s a huge amount. Previous year nil.
Management must disclose this major payment ie someone must ask management n post here.
I only have a few lots & the company will not entertain me. I hope KYY n gang who hold big shares sees this post n question the management n we get a satisfactory answer.
ThE company should declare at least 20-50 sen dividend to reward its loyal shareholders
I also cannot get the latest shareholder list to find out how much KYY holds. I think at least 10m

Will limit up at least 2 or 3 times when market players understand its real worth

NTA 3.08
Current P/E 2.9
Net Borrowing RM3m ie almost no borrowings
Share capital 128m......very small . Ripe for bonus issue
Full year (12 months) profit after tax RM 42m
EPS 33 sen
Most similar companies trading between P/E of 8 to 15
Based on P/E 5 share price = 1.65
P/E 8 share price = 2.64
P/E 10 share price = 3.30
There is so much upside to this share
KYY need to shout again