Finance cost per Qr will be reduced from 160mil to just 16mil if Bankers come-in for a Hair-Cut

Everyday management has to Call Bankers to come-in for "Hair-Cut" and the standard answer is besok, lusa,
and standard ---sembahyang dulu. If Bankers donT come-in in 3 months time, i think Cut gugu is final offer

Good to know "Godzilla" is stretching arms and Legs

T.Sri said 16March Auspicious day.

DonT know what AmanahRaya(pnb) is doing? Move left hand cards to Right Hand? Doesnt looks like Goreng,
more like children playing " masak kari"

from very start, i believe PNB is not interested in pumping more money. So consolidation / RI are all Rubbish.
Although, SAP cannot raise Cash/borrowing but PNB Can!! For 2yrs, PNB just sit and watch. At 5cents what ever
Cash PNB pump-in will generate ALOT of SAP's shares for PNB, still pnb is doing nothing.
PNB strategy is simple, made Bank accept "Debt for Equity" and then PNB can loan to SAP to keep Biz running.
All this boils down to " Is Sap Biz profitable and on-Going "----we will see this coming Qr Results

PNB prefer Bankers have a hair first. Consolidation has no meaning unless there is RI. But PNB is not interested
in pumping in more cash, they prefer Anwar to pump-in some cash

Why you so Busy body? You have NO shares, No Shares. People Going Genting also need your approval.
Najib stealing Billions And you say Nothing

Why someone like Bob get so annoy with Good news?? Somemore got NO shares, yet react so violently.
Afraid Genting Bus leaving?????

Bankers hiding bcos SAP barber want crew-cut, while some bankers prefer Brazillian style ( coconut )

18Mar, Qr release, I think results are similar like last Qr ( fully supported by jack-rigs operation ) If Brazillian
side can record some revenue, then maybe better results

The High Court on Wednesday (March 8) granted Sapura Energy Bhd and its 22 subsidiaries fresh orders to hold court-convened meetings with creditors within three months. The court also allowed a three-month restraining order (RO) on the creditors. (TheEdge)
________________________________________

Bankers are in "Disarray"----Refused to meet SAP Management. So much so SAP has to issue Court Order.
What is going On??

no result tomolo, T.Sri taking sick leave

you can bring me to court within 14days. It is the actual Trail that is master of all Delay....By The way
anything happen to SerB after haul into Court. Lawyer got Covid also can delay 6 months ( cannot match
schedule )

The package deal is control by PNB --Maybank, if other smaller banks want to Court case. Then they have to do it
themselves. Since this is Civil case, Q-ing at High Court line is about 3 years now( you think Najib case meh )
By the time Case reach Federal Court---it is 15years already

yes, bank(s) can keep delaying (another 6months) but at some point CDRC can move Debts (certain Banks)
into Urusharta. I mean this is Abyss for Bad Debt relocation, no time frame for revival. Banks are better writeoff
these Debt than to keep it inside their Books

25May is next Qr result. Share price dont Need announcement or Good results----Just need someone
turning price up and down. It attracts Ikan Bilis. This is called Long Term Up Trend

SAP proposal "Debt for Equity swap" is a standard world wide. DonT think anybody can improve on it

So Iron is correct, price can leap 10X

Once bankers accept proposal, you immediately see 10bil removed from SAP Current Liabilities. If you check
long term Debt ---there is Hardly any ( look at latest Qr, you will understand )
Basically SAP can borrow another 10bil (hahahaha ) This what Bankers are afraid!!!!!!!!!!!!!!!!!!!!!!!!!!!

SAP jack-up Rigs was bought from Seadrill at RM8.64Bil., even loss half its value, we are still Talking about 4Bil
value. Therefore SAP Drilling Rigs Co can expand shares to accept Banker's Debt ( as stated in the Edge )

27.5 is peak and breaching 27.5 means Velesto is in super Bull Mood Or no mood to Talk, just Charge

Looks like tomolo also 10% UP------26.5sens

wah, didnt know so many people missed the Genting Bus....all talking deliriously, some banging their head on
Lamp post

missed Genting Bus, all cursing at Genting Bus stop. Can take Taxi mah!!. After arrived 30sen, lagi cursing

donT worry he will buy when price reached 30sens

Hit & Run works if you are punching in the same weight class. Try punching a 800lb Gorilla, mosquito bite,
but when he punch you, you go flying across the room ( ah loong splashing red paint on your front door ).
If you are a Headless Chicken DonT buy. Just smoke something illegal and enjoy talking nonsense here

some stock makes 100mil profit every Qr, but stock price gostan.
Very Stone no make money, if price goes Up 10% everyday next week so How?-----Sometimes( most of time) stock price move bcos of HOPE

J.Low may be negotiating with Anwar on behalf of China to take over Sap and Velesto from PNB with
ONE condition. He and Najib goes FREE---------hahahaha just joking

If China put a Rig in any where around Spatly, inside 9-Dash Line, that is his protected area. He put a Rig
at Labuan, he can park his warship nearby

Dont you know what is 9-Dash-Line? You just finish SPM. This is basically China Land Grab policy

The implication Malaysia might loss sovereignty were never discuss if Sap falls into Chinese hand

Ah Pek selling vegetable cannot included in Velesto management. Almost all Velesto management are
from Petronas, Shell and Retired Ceo from O&G Co.
Oil price is most likely the only Factor keep pushing price up. If Velesto price breaks 30sens, most likely it
will march another 30--40sens Up bcos i see no other Goreng stock in Bursa except O&G counter for 2023.
Foreign Fund may comes in April and leave before Christmas----direct result from FED hiking Rate. Other
than this, i see Bursa trending Down. When the Whole Bursa looking at O&G only, Vol are bound to spike

Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range
By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST

The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year.
With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally.
The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.

Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range
By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST

The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year.
With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally.
The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.

https://oilprice.com/Energy/Energy-General/Top-Energy-Trader-Expects-Oil-Prices-To-Enter-The-90-100-Range.html

Kenanga makes 60% of their profit from making Big Bet on Stocks (on behalf of Big Institution like EPF, KWSP).
30% profit comes from Ikan Bilis margin accounts. So how can they Tell Bursa punters the Truth----SomeMore
give FREE stock TP. Who is paying RM5000 salary for their pasar malam analyst graduate????
Hello 99% of bankers TP are the SAME----vested interest

SAP will End up as political Rescue. Anwar has collapsing Bumi support and if Chinese goes Cha Kuey teow
PKR is actually smaller than PAS. DonT talk about GE16, next 2years also difficult.
My BET next 2 months ( before Raya Or after Raya ) Anwar will make a move to boost Malays Support.
After all SAP is totally control by PNB and PNB investors are 100% Bumi

SAP has missed match of asset. Long-Term asset 14Bil---Current asset 3.2Bil. At a glance, you already know
where SAP 10bil borrowings all stuck at ( not movable asset ) When Co. are Hit by Oil Cycle for 5 years, this
is the perfect End results......So it is really a Bad Management----no planning, no Biz sense.
With 17Bil asset, Bank are too eager to get back their loan. But it will End with a 10years Civil Court Case.
And the end loser is PNB

thanks for update (Nik). First i thought Ocean Wind Farm is a great source of revenue for SAP. It turn out too
complicate. That is also Good----very few competitor

i am Not bother by 30sens. This is PNB Cost!! PNB will Double Velesto 30sens into 60ens. Then only PNB can
explain to Investors, Velesto is a Good Deal

As i said before, 4Q22 is last year. 4 WorkOver units need refurnish to start work after 5years wrapping in Cold storage. 2 Rigs installed with Offline Operation ( stop-work) + Need to move to new Rig positions for new
contracts----All these need new parts plus weather Delay cost ( everyday cost $50,000 plus )
All these Cost are History in 2023. When Rigs are station in One position for 2 years, it is printing Money

Rumour has it many contracts generate from Previous CEO are highly questionable ( kick-Out by PNB to
do clearer forensic analyses ) If many non-profitable projects are deleted from Books rather Forced to
Cancelled or go to Court, you would see a much, much leaner Books in coming months

from what i learned from O&G contractors, SAP Old contracts( low margin) are weighing down SAP profit
margin but not generating big losses. It is lack of New Contracts that is making Fixed Expenses eating into
Profits. Management is actually forcing Old contracts off hands or re-negotiation new price ( dont know
can or not )

usually a 30% drop ---even with Good Fundamental needs 2-3month to recover. But Good thing is, Velesto
got thousand of Uncles and Aunties acting as supporting pillow to Break this deep plunge....Maybe Up &
Running within 2 days after some Kopi Kaw-Kaw

I think Velesto drops about 9pts so for strong technical rebound 70% from bottom, 24--25sen is target
within next 2 weeks

PNB holds 48% of MayBank, if Banks liquidate SAP asset( 3-4billlion asset) belong to PNB. Sounds very
hilarious bcos what PNB does is Raiding Right pocket to fill Left pocket. I donT think this Debt fiasco can
ends in 2023, it is better SAP management Dig a very big Hole to get itself Out ( ie make more money
while Oil is still in Up cycle )

Most important thing is coming Qr results in 2 weeks time

CDRC extend Debt fisaco to 9 Sept 2023 ---another 6/7 months Breathing space for SAP

PNB is still holding 4.765Billion shares at 30sens. How many shares are syndicate holding???