Any person can match Insas still holding 527,008,575 Inari share.

Insas will always hold Inari share as controlling shareholder. Only on and off insas will trade some Inari share to make quarterly result look good.

Failed investor?

Those invested in Insas should know better many of those holding: Omesti, Hohup and etc were legacy holding from M&A margin finance and Insas credit and leasing pledged shares securities that somehow end up in Insas.

So are you also a failed investor for investing in Insas?

if something sounds too good to be true, it probably is

PAS is not interest in this life but more on reward you can get after life.

So why bother or interest in kampong life, big town life or bring in big investment.

This coming quarter end 31/3/2024 very interesting to check what will be the disposal gain on 10 million inari and 100 million M&A share.

Insas hold omesti share and RPS as fair value financial assets.
And every quarter will report fair value gain/loss on this asset.

Last time I sold WC and PB to top up Insas.
So what wrong CEO sell the Insas-PB?

INSAS BERHAD - REDEEMABLE PREFERENCE SHARES B MAIN : Finance
Last Price Today's Change Day's Range Trading Volume
0.965 0.00 (0.00%) 0.00 - 0.00 0

Avg Volume (4 weeks): 5,776
4 Weeks Range: 0.96 - 0.97

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.

What do you call a PN17 company with below net current liabilities?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Net current liabiliaties: (12,507,207): (8,509,066)

Is the balance sheet figures below tell the fact of financial improvement or deteriorating Y to Y?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)

You are free to present your opinion as I never stop people from presenting their opinion as I respect and welcome people to give their opinion

I am here only trying to correct people trying to present the wrong figures or wrong facts as truth.

My I know why you are so against me of presenting the figures and the truth financial facts.

By the way can you count Stony already tell/promised everyone when capA can exit PN17 latest by..........and is his promised fulfilled?

I am just telling the truth and trying to educate people how to read and understand financial report.

In Chinese, we have an old saying in “授人以魚，不如授人以漁”, which means “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime'.

Is telling the truth hurt you?

Lease liabilities
The lease liabilities amounting to RM18.7 billion includes deferred aircraft leases of approximately RM2.3 billion. The lease liabilities are supported by ROU assets of RM12.1billion.

The Group had completed the restructuring of a total of 161 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

Know what is deferred aircraft leases of approximately RM2.3 billion mean?

CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)


Depreciation on ROU asset:(1,574,356): (1,309,533)
Financial costs- lease liabilities: (908,711): (705,152)

Under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.


31/12/2023
RM'000
Cash flow from financial activities:
Proceed from borrowing: 1,270,016
Repayment of borrowing: (393,631)
Repayment of lease liabilities: (1,664,299)
Acquisition of Non controlling interest: (75,725)
Net cash usedin financial activities: (863,635)

So is someone looking at the same financial figures above and conclude the facts as:
operating cashflow increase?
interest payment on-time?
RM500m debt settled?
& other lease payment repaid?

Seeing just the figures cannot be the truth facts, you need to understand how the financial accounting figures are presented and what its actually mean/fact.

Above AETHERIUM ACQUISITION CORP
Dec 31 2022 and 31 Dec 2023
Capital flight from shareholder to the tune of USD 88,350,715 redemption of class A ordinary shares.

AETHERIUM ACQUISITION CORP.

BALANCE SHEETS

December 31, December 31,
2023 2022
ASSETS
Cash $ 4 $ 334
Cash and marketable securities held in trust account 32,931,063 117,914,699
Total Current Assets 32,931,067 117,915,033

Total assets $ 32,931,067 $ 117,915,033




Cash flow from financing activities:
Redemptions of Class A ordinary shares (88,350,715)

If Stony's word can be trusted, pig can fly.

Why not just sell the WC and use the money received from the sales to purchase Insas from open market?

Is Stony moving the goal post again by admitting we couldn't tell when we were going to get out of PN17?

Fernandes to be CEO of Capital A for another five years

By Chester Tay | theedgemalaysia.com | 2024-04-24 12:43:17
KUALA LUMPUR (April 24): Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

“That's the start of many announcements over the next two weeks,” said Fernandes at a briefing here, but declined to reveal further, due to regulatory restrictions.

“From today onwards, there will be a bunch of announcements over the next few weeks, and then everyone will be clear.

“The plan is obviously to get out of PN17 (Practice Note 17 status), to have a strong aviation group, and to start growing again. That's the plan. [Priority] number one [is to] survive; number two [is to] bring back all the retrenched employees; [and] number three is to strengthen the balance sheets of both companies, Capital A and Aviation,” he said.

Capital A is in the midst of a series of restructuring to reverse its negative equity of RM10.47 billion on its balance sheet as at Dec 31, 2023, including merging its airlines business with AirAsia X and listing its branding business in the US.

“Investors want clarity, which we couldn't give for two reasons: One, we didn't know when the borders were going to open; and two, we couldn't tell when we were going to get out of PN17. We had an enormous handicap to other airlines, so we haven't been able to sell our story as well.

Insas
Ann. Date
Date
Type
Units
Price
View
24-Apr-2024 25-Apr-2024 Exercise of Warrants 49,000 0.900 Additional Listing Detail
08-Apr-2024 09-Apr-2024 Exercise of Warrants 1,590 0.900 Additional Listing Detail
05-Mar-2024 06-Mar-2024 Exercise of Warrants 37,000 0.900 Additional Listing Detail

EU is now using deforestation as a trade barrier to disadvantage palm oil from entering EU.

Many things in this word is done politically motivated to protect someone/countries vested interest.

Many funds shy aways from oil and gas companies because of ESG issue or try to be politically right.
Even some bank do not want to see to be associate or financing coal, oil and gas industries.
Everyone want to be see as whiter than white but do they do the same things on the industries of war (weapon industries)

Top oil and gas companies by P/E ratio
companies: 361 average P/E ratio (TTM): 7.41

Yes right hand sell to left hand to pull down and once collected enough left hand sell back to right hand to push up.

Mind telling us what are sapnrg core capabilities and innovative solutions??

Strategic Shift: With the divestment, Sapura Energy is signaling a strategic shift away from exploration and production. The focus now turns toward core capabilities and innovative solutions for the dynamic energy industry

Even MMC also want to sell port asset to foreigner. Need more FDI to support the ringgit.

PMX only say against selling Bplant to KLK. But for foreign buyer Malaysia is business friendly to attract the FDI.

Know what is the share price of PN17 capA?

Posted by hulwan > Apr 23, 2024 11:35 AM | Report Abuse
So many people so angry today 🤣🤣. This is PN17 company, no fund will touch it

The question that begs to be answered has Najib paid the fines or return the illgotten stolen money back to Malaysia government?

Tong buy in Star Media to become a substantial shareholder.
Will Tong do that too with Insas?

If he does I will write to him on his right to table his resolution at AGM for shareholder voting to appoint himself to be Insas director.

No worries later Petronas will give Sapnrg another production sharing oil field.

Cyberjaya, 30 October 2023 – Dagang NeXchange Berhad, via subsidiary Ping Petroleum Sdn Bhd (“PPSB”), has signed a new Production Sharing Contract (“PSC”) with Petroliam Nasional Berhad (“PETRONAS”) marketed under the Malaysia Bid Round 2022 (“MBR 2022”). MBR is an annual Malaysia licensing round hosted by Malaysia Petroleum Management (“MPM”), PETRONAS which offers investors diverse upstream opportunities, including exploration acreages, discovered resource opportunities and late life producing assets.

The question after next: capital reduction and share consolidation will it be 10 or 20 or 30 or 40 or 50 to 1?

Will Tong increase his holding in Insas and become a substantial shareholder?

Next question debts restructure bankers and suppliers what will be the % hair cut?

The question why selling the 50% stake USD 198 million less than the US$903 million that TotalEnergies is paying to get the other 50% stake from OMV?

Sapura Energy Bhd is selling its remaining 50% stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$705.3 million (RM3.37 billion) — comprising US$530.3 million, cash, and US$175 million relief on debt obligations.

Sapura Energy bought the E&P unit for US$898 million back in 2014 from Newfield Exploration Co, before selling half its stake to OMV AG in 2018 for up to US$975 million. The price tag of its remaining 50% stake is US$198 million less than the US$903 million that TotalEnergies is paying to get the other 50% stake from OMV. With the sale, the French oil major will fully own SapuraOMV.

I just bought some and will monitor the quarterly result on what will be the PAT look like when FPSO Atlanta and FPSO Maria Quiteria on production operation stage in 2025.

Nothing is certain except death and taxes. You need to manage your own risk, reward and expectation.

Next step will be debt restructure, capital reduction, share consolidation 20 to 1 and capital injection of RM1.00 per new issue share.

Share equity will be positive and exit PN17.

Kuala Lumpur
22 April 2024
SAPURA ENERGY TO DIVEST STAKE IN SAPURAOMV TO TOTALENERGIES
Sapura Energy Berhad (“Sapura Energy” or “the Company”) today announced that its wholly owned subsidiary, Sapura Upstream Assets Sdn Bhd (“SUA”) has entered into a conditional Sale and Purchase Agreement (“SPA”) to divest its 50 percent equity interest in SapuraOMV Upstream Sdn Bhd (“SapuraOMV”) to TotalEnergies Holdings SAS (“TotalEnergies”).

SUA will receive from TotalEnergies a cash consideration of USD530.3 million (equivalent to approximately RM 2,534.5 million) for the transaction. Additionally, Sapura Energy will be relieved by TotalEnergies of a USD175 million obligation in respect of a financing
facility extended by OMV Exploration & Production GmbH (“OMV E&P”) to SapuraOMV, in connection with the share subscription and restructuring exercise amongst SEB, OMV E&P, SapuraOMV, and SUA on January 31, 2019.

Consequently, the total disposal consideration for the transaction, encompassing both the cash payment of USD530.3 million and the release of the USD175 million obligation, amounts to USD705.3 million (equivalent to approximately RM 3,370.8 million).

Another Bumiputera billionaires

KUALA LUMPUR (March 5): Two million ringgit was not a big deal for Datuk Seri Tengku Adnan Tengku Mansor because to him it was like “pocket money”, he told the High Court today.

The Umno treasurer was responding to a question by deputy public prosecutor (DPP) Julia Ibrahim on whether the RM2 million that was given via a cheque by his close associate and Aset Kayamas Sdn Bhd managing director Tan Sri Chai Kin Kong, was considered valuable to him.

Thong is very smart and like a poker player watching with his hawk eye from sideline to time his move to increase his and PAC holding in Insas from 32.96% to above 50% at lowest cost to him and his PAC

As investor you can either choose to invest on Inari PP or not and it did not affect Inari as other investor will take up the PP.

My question as investor why invest in inari PP when you can use the money to make a take over of Insas and become controlling shareholder of Inari and still owned whatever inside Insas?

I was naive then and I can't beilive an external auditor can just sleep walking thro' auditing and verification on bank balance.

The rest is history.

My last email to SC:
Dear SC,

Referring link below:
https://theedgemalaysia.com/node/705743

I am impressed by the action taken by SC in year 2023 especially on ongoing criminal enforcement efforts, which were undertaken with the public prosecutor’s consent, initiated 15 civil actions, including the issuance of letters of demand and restitute back recovered stolen money to aggrieved investors.

Referring below SC announcement
https://www.sc.com.my/resources/media/media-release/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest

The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for:

falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary;
furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party;
furnishing false or misleading financial statements to Bursa Malaysia; and
recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.
I am thankful to SC for taking the above reprimanded action but are the reprimand actions considered as justices done and case closed with no further actions?

In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law.

Please pardon me to ask the below repeated questions:

Question 1: Is SC intend to make an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand criminal trial in Malaysia Court?

Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop

Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.

Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?

Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:

1. Gross negligence and failure to perform their fiduciary duty; and

2. Are complicit in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus.

A reasonable exercise of care or due diligence should have detected cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.

Note: A precedent case had been set whereby external auditor KPMG and Deloitte pay USD 80 million each and Ambank pay USD 700 million to settle claims linked to the 1MDB scandal.

Thank you

Selamat Hari Raya Aidilfitri
Maaf Zahir Dan Batin


Best Regards,
Lee Soon Sheng

Jaks I think KYY, OTB, and many others got it right on JHDP earning calculation.

But the pitfall is on ALP all other business lose making and every year impairment lossses on receivables and goodwilll untill business cannot generate enough cashflow for loan repayment and working capital.

So every year need PP or RI to survive but BOD still have the gut to reward themselve with multimillion LTIP free grant.

This time round if got profit just take profit, not going to speculate/calculate on earning forecast of YTLPower data center.

After all I am not a Sifu, I only care how much I can make from Bursa as a trader or as an investor.

That one is on refining spread. But refining business is not on spread alone it is highly speculative on hedging position.

CharlesT,
No need to feel heart pain lah. Just collect some Yinson and hope by 2025 it will move north.

My question is why not spend less owned more Inari share and become controlling shareholder of Inari and appoint your nominees to the the board of director of Inari?

And the best part if able to take over Insas then you still have whatever inside insas including the 1 bilion cash hoard.

FYE 2024 Yinson Production Operations results overview (YoY)
Revenue PAT

YTD Q4 FYE 2023
(RM’ mil)
YTD Q4FYE 2024
(RM’ mil)
Variance (RM’ mil)
Revenue 1,631: 2,279 : 648
Gross Profit 951: 1,480: 529
EBITDA 1,162: 1,643: 481
PAT 576 :776: 200
PATAMI 498: 628 :130
 Increase in revenue was due to fresh contribution from FPSO Anna Nery’s operation since first oil was achieved on 7 May 2023 and rate escalation for operating FPSOs, offset by loss of revenue contribution from Adoon after disposal in Q4’