Most likely scenario for SAP
1. Banks haircut
2. White knight inject new funds
SAP has 11B debts. Unsustainable. Needs 70% haircut at least.
SAP is a competent company. All divisions are profitable now. O&G gonna enjoy at least 3 years of honeymoon or longer.
The last time they got into trouble because of ONGC indian project. I won't wanna be racist but as they said, if you need to choose between snakes and ..., kill SSlee

Below statement from Sapura. We have been supporting Sap projects for more than 10 years. During PN17, payment term had been cash before delivery. Sap couldn't bid for Petronas jobs too due to their financial situation. Since mid 2023 Sap started bidding Petronas projects again. Most importantly, below statement was issued when SAP was seeking best price from vendors like us and assuring us that they would be out from PN17 soon. First time they issue such statements. Any tom dick and harry companies issued this, take it with a pinch of salt. Sapura doesn't simply issue unfounded statements. I expect my company would get paid our long overdue debts earliest by June. Very confident about it
While currently we are in progress to manage the Debt and to moving forward, by this time Sapura would be out of PN17 Status.

It's spot on for SSlee to highlight the cashflow. If you are an employee, you would think it's no big deal but cash flow is a big deal when you own a business. It means you need to crack your head to find source of financing to pay your overheads and bank loans. Another mistake JAKS made was to complete the LSS4 when solar panel price was at it's highest after the Covid 19. Solar panels cost much cheaper now. Anyone who rushed to buy after Covid19 was not too smart knowing the supply crunch was temporary unless you have a deadline to meet. Of course LSS4 got deadline, but there are LSS2 projects yet to be completed. To me, it shows the competency of the management to certain extent

Below are statements from yesterday tender RFQ for 20WHP received from SAP. First time with this statement. Don't say i don't show you money making sign ah.

While currently we are in progress to manage the Debt and to moving forward, by this time Sapura would be out of PN17 Status.

just a simple check of last 10 financial years, only 2022 made 7m. If 7m profit worth 600m then my company worth more lor. You wanna buy my company? Cheap sale to you for 600m. Anyway, many suckers in Bursa. I have invested 30 years, hopefully i no longer a sucker

I come here because all the sudden got 1 top article in i3. I had a brief look at 2022 annual report. 124 shareholders controlled 90% of the company's shares. The company demonstrates the classic example of "stock holding being controlled". A company worth 600m when the turnover only less than RM300m. What are they doing? Construction and masking tape? I thought rocket science.
Greed is the mother of all bankruptcy. Go and learn from Grandpine Alfred Chan before you lose your pants

Ah Beng: Bro, how's your problems at Pengerang? Can settle?
Ahmad: Bro, pening lah. Can't solve so easily
Ah Beng: Roger. There's one guy Philip holding quite a lot of PChem, wonder should i tell him. Very ungrateful guy, someone hinted him on SKP but his ego as big as elephant

Mr Huang. You sounded like an intelligent person. I never know any intelligent person in real life that like to argue with someone he thinks is dumb. You are the 2nd one. 1st was SSlee. The good thing about SSlee, he learnt.

Let me be your fake technical analyst for the day. Insas's volume shrank considerably over the last few trading sessions. It's crucial for Insas to close above 1.16 otherwise the upward momentum would be ended. Insas could witness a new trading range of 1.00 - 1.27 vs the previous 0.70 - 1.00

Congrats to Sslee. While i suggested you to take profit this round, the chart seems to indicate something interesting might be brewing. If this surge was not casued by speculators then i would sell 30% at current price and only sell if dropped back below 1.00 another 30%.
You should consider putting some into Sap Energy. 3 months maximum before you would hear some positive annoucements

i made below speculations in Sept. Let me add some more speculations. All are speculations
1. Sapura don't have to sell OMV to raise cash
2. Sapura will pay all suppliers verified
3. Sapura out of PN17 within next 3 months (according to tukang tilik i consulted)
All above are pure speculations i come up with

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

2023-09-01 22:33 | Report Abuse

Let me make a speculation on how the PN17 could be lifted. The banks (borrowers) would take a hair cut of 80% debts and will be paid in Sapura new shares at minimum 0.10 per share. With this, Sapura won't be burdened by the hefty interests every month. Thereafter, a white knight would inject cash into Sapura. This will help Sapura pays the vendors and cash flow for existing and future projects. Without monthly interests, Sapura could make up to RM1Billion per year. That's in the best interests of borrowers and all stake holders. Sapura will be profitable with current top managements

There are syndicates but no institutions in sap. Yesterday initial volumes were me buying.
Every sap employees already heard rumours of what's gonna happened within next 3 months. You just need to find any sap employees to ask. The positive thing is they don't even need to sell cash cow sapura OMV.

Sslee. Make sure you don't miss your exit opportunity this round. Don't know when would be the next opportunity...

Btw, i consider my Sapura high risk speculation which are within my 10% funds limit

1 need to understand the impact of share consolidation. if your company is making 100m a year, you hold 1m shares at 0.05 and 100,000 shares at 0.50 makes no difference. The problem comes when you hold a blood sucking company's shares which dropped to 0.01. The reason they consolidate is because there was no more room to drop. So, understand whether you bought a con man companies in KLSE or not is more important than share consolidation. I would say 80% of companies in KLSE are here to con you.
I encourage you attend Grand Pine Alfred Chen's youtube live and courses to improve your share knowledge if you consider this investment and not casino.
You are better off in Genting for gambling. At least you get free hotels and food for your losses

Let me make a speculation on how the PN17 could be lifted. The banks (borrowers) would take a hair cut of 80% debts and will be paid in Sapura new shares at minimum 0.10 per share. With this, Sapura won't be burdened by the hefty interests every month. Thereafter, a white knight would inject cash into Sapura. This will help Sapura pays the vendors and cash flow for existing and future projects. Without monthly interests, Sapura could make up to RM1Billion per year. That's in the best interests of borrowers and all stake holders. Sapura will be profitable with current top managements

Hi John, where can i get the info on contra volume below? That's indeed very useful information.
Contra players can never beat the big players cos they have information on total contra quantities and force sell. They can even tell when all force sell are done or not. Now you know why someone wanna own a brokerage firm right? Profit of the brokerage firm is just a side dish
22/8 Tue. 0.210. 31,552,600 VWAP 0.209


23/8 Wed. 0.205 . 30,288,900. VWAP 0.209- 0.206 .
T+ 1 : 726,628


24/8 Thur. 0.200 28,776,000 VWAP 0.201
T+2 = 0 , ( T + 0 = 15,819,572 )


25/8 Fri. 0.195 39,189,500. VWAP 0.195
T+ 1 = 0. ( T + 0 = 18,804,000 )

DatoT20. Those are insider informations. You or Sapura management who disclosed those information could be charged by SC. Careful ya

i agreed many PN17 companies in Bursa's are gone case. The owners had no interest to save the PN17 companies anyway. If any, i hope AA and Sap Energy would be different. I believe Tony tries to save AA and Anuar tries to save Sap Energy because of money pumped in by government. I have dealt with Sap Energy for over 10 years and in my opinion Sap Energy is run by capable low and middle management. The problem was with top management. This not only happened in Sap Energy or GLCs but also in most Bursa listed companies. What justified Lim Kok Tai's exorbitant salary package? That's why i prefer the American way. Big pay package from share options which only can benefit if the share price performed. In Bursa, companies no need performed and the CEO can make tons and that's not only exclusive to GLCs.
Malaysia is on the way down. Most forumers here chanting Sap Energy are simply gamblers who have no interest in Sap Energy's survival. As long as the price reach their target. Which many settled for 0.055 and 0.06 and these people think they are smart. Indeed, this should be profit take level if there is no actual hope for Sap Energy. If yes, these people who chanted confident when Sap Energy was 0.035 will be the naysayers from now forward

This article first appeared in The Edge Malaysia Weekly on August 14, 2023 - August 20, 2023

THE trading volume of Practice Note 17 (PN17)-classified Sapura Energy Bhd (SEB) has picked up over the past couple of weeks, prompting market watchers to suggest the emergence of new shareholders in the oil and gas service provider.


However, a fund manager says he is sceptical of ADNOC or any other large oil and gas outfit buying into SEB as it is in the cash-strapped PN17 category.

“Maybe after SEB’s restructuring (slated for November this year) and after it exits PN17, I would believe ADNOC or any other party buying in, for now I have my doubts on the likelihood of ADNOC or anyone buying in,” he says.

SEB’s share price hit its 52-week low of three sen on May 24 but had rebounded by 50% to close at 4.5 sen last Friday for a market capitalisation of RM719.1 million. At current exchange rates, SEB is trading at less than one US cent a share. This is in stark contrast to the company’s total assets of RM12.84 billion as at end-April this year.

Despite its huge asset base, SEB has seen better days. For its first financial quarter of FY2024 ended April 30, 2023 (1QFY2024), SEB made a net profit of RM146.09 million from RM951.73 million in revenue. For the corresponding period a year ago, SEB raked in a net profit of RM91.93 million from RM886.08 million in revenue.

Net profit in 1QFY2024 received a shot in the arm from foreign exchange gains that amounted to RM217.62 million.

As at end-April this year, SEB had cash, deposits and bank balances of RM840.19 million, and short-term debt commitments of RM10.77 billion, and no long-term borrowings.

To put things in perspective, SEB’s finance cost for the three months ended April this year was RM185.08 million, up from RM125.39 million in the corresponding three months a year ago. Annualising its finance cost would indicate that FY2024’s interest payments would amount to RM740.34 million.

SEB also had accumulated losses of RM16.67 billion, resulting in a shareholders’ deficit of RM3.35 billion as at end-April, 2023. SEB’s net liabilities per share was 21 sen for the period in review.

A source familiar with developments at SEB says almost all its major assets have locked in charter contracts, which means it should be generating profits, and all the previous contracts that were difficult to honour — because of low margins or other challenges — have been renegotiated.

Meanwhile, SEB’s largest shareholder, PNB, must be watching the events with bated breath, as it had taken a hit from its foray into SEB. PNB came to have a 40% stake in SEB after the oil and gas company made a cash call in 2018 to raise RM4 billion — RM3 billion from a five-for-three renounceable rights issue at 30 sen each, and RM1 billion via a two-for-five renounceable rights issue of new Islamic redeemable convertible preference shares at 41 sen each. PNB took up unsubscribed rights shares, resulting in its shareholding ballooning to 40% from 12.6%, making it the largest shareholder.

PNB pumped RM2.68 billion into SEB, over and above the amount utilised for it to accumulate the 12.6% it already had in SEB prior to the cash call. PNB’s 40% stake as at SEB’s close last Friday is worth RM287.64 million.

don't be greedy and buy warrant. even if you gambler, gamble with sense

rr88. I don't normally respond to nuisance like you. Let's put a bet if you dare? By 31/8 if lower than 1.03 i lose otherwise you lose.
Punishment, donation to charity. You choose amount and organisation

paktua took profit good sign for me to buy. At the end bought at 1.03

paktua took profit good sign for me to buy. At the end bought at 1.03

q buy 1.02. Not yet done

My congratulations to those who have bought AA. I was tempted to reenter AA after they surged to 0.94 but i decided to buy another counter. I am still holding 30% cash since i am not convinced economy is recovering. A quick check on many industries, (Actual people and not like analysts who just read GDP figures), they are expecting to hit 50% of this year's sales target.
AA annoucing improvement in QR is a given since my flights were all 90% full minimum.
There were a period of time in my investment journey where i thought i was smart by choosing low PE companies vs high PE companies and the market proved me wrong by the high PE companies share price consistently outperforming my low PE companies. I told myself, time will prove me right. Sadly, after years, time proved me wrong and now i understand why. Investment is never an exact science and we need to be humbled.

https://www.cnbc.com/2023/08/09/cramer-tells-investors-they-need-to-buy-stock-before-its-big-move.html

One need to understand that REIT distributes dividend doesn't mean price won't drop. Just same as you buy property. Those who bought after 2014, condos, who are making money?
So, what sectors and locations are important too. You won't wanna buy badly managed shopping malls or offices. Btw, everyone knows offices oversupplied.
I suggest diversified into Sunway REITs, AXIS REIT, IGB REIT and of course YTLREIT. If you agree with what Jack Ma said, future generations will spend more time travel and hotels will be in high demand. Of course, well managed and quality hotel. I am reluctant to say this but JW Marriott KL is actually underpriced for it's quality and location. I am reluctant cos i like to stay there for my wife's shopping.
When hotel rates go up, YTLREIT can get better rental rate. All other countries hotel rate has gone up at least 20%, Singapore 50%. Now, RM400 can only get you 3 star hotel (lousy one) in SG.

Yes. I am expecting full year 7 to 8 sens. No complain but YTL should revise higher upon lease expiry and i expect YTL to do so as they are fair to their shareholders

Let me give you the live action on the ground instead of reading what analysts said.
Am in MBS and took up their 100k NN package. With that, i get 2 room nights worth $1.1k per night. With RWS? The same amount will get me Hotel Michael. Have you stayed at Hotel Michael? Basically it's a no frill so called 5 star hotel just like Genting 5 star. The boss mindset still very chinaman. Room is for you to sleep and you are expected to gamble 24 hours a day. The last time i was at RWS, it was basically 30% of pre covid level. Casinos make major chunk of their money from VIPs. RWS only attracts mass markets. Genting can only be a kampung champion because of monopoly in Malaysia. With casinos opening everywhere (Thailand, Japan), the only path forward for Genting is downward. It's not maybe, it's inevitable.
Of course, no issues for LKT, he is the highest paid CEO in Malaysia thanks to you. BTW, you think he deserves to be highest paid?

Let me be your fake technical analyst for the day. Jaks has seen huge volumes since 20/7. If volume persists and closed above 0.21, then the next target is 0.24. If 0.24 breaks, Jaks upward momentum would be confirmed.
I am a billionaire and my hobby is to help people make more money because i have a very good heart

Those forummers you mentioned are the majority in this world.
You reckon you could save those people who got scammed via fb etc? Just highlight your opinions and moved on. Otherwise you would become Mikecyc or those forummers who you despised.

First. Regularization plan is never an easy feat. It's not an issue to ask for time extension. Even if Tony lied, and CapitalA and AAX gonna be a losing entities forever, the losing parties gonna be only the shareholders whereas Malaysian public will be the beneficiaries for competition in aviation industry. Many Malaysian will benefit assuming ten of thousands of shareholders become suckers.
Are you saying that you can only find Tony the only lying suspects in KLSE? If not, why dwell on AA and not going to other forums to raised your doubt? With Gpacket, apart from the manipulators, who else gonna benefit? I know TheEdge did benefit from their advertising spent lah.
How about Genting? Apart from having a highest paid CEO in Malaysia, who else benefit? Genting Malaysia table dealers all looked miserable because they were underpaid and overworked. But then, i won't condemn Genting boss too, cos he never pointed a gun at them to work for him though. Whereas, AA steward and stewardess are some of the happiest i have seen. I know a guy whose son got retrenched from AA during the MCO period. Now, he is reapplying to get back to AA. He said AA is the best company he had worked for.
On the issue of refund, I was informed by MAS 2 months ago one of my flight route was cancelled. I couldn't get a refund since it was enrich point redemption and i had to choose for flights within 1 week prior to my original flight. So now, a delayed refund better or MAS's option better?

Sslee. Why so much hatred on AA? I took few domestic AA flights recently and all are 90% full. Whether Tony is unscrupulous or not, it's undeniable fact that AA has made flying affordable for Malaysian. That alone justified AA's continued existence.
If your mission is to avoid Malaysian got conned in KLSE, you should spend more efforts in the rest 90% of companies. I can name a handful without much effort. Gpacket, Vinvest, Salute, etc.
You should even write to Genting and G Malaysia, what justified the Mr Lim to earn the highest CEO pay package in KLSE? Relatively to Genting's market cap and earnings.
Otherwise, this broken records that keep repeating itself sounds more like a personal vendetta
BTW, i don't hold any AAX or CapitalA shares now

Many here are gamblers, please skip my post. It's meant for those who believe Armada is a long term investment.
I talked to a Singaporean businessman who supports FPSOs equipments few months back to understand the FPSO landscape. After the meet up, i have taken off Armada from my stock watch list.
To cut the story short, Armada has little chance of gaining future FPSO contracts. At least with current management. Have you heard them bidding for new FPSO or any updates on future prospects?
Of course, even if no new contracts Armada still worth something. For you to decide how much it's worth. Just that it won't be something i would keep for 5 or 10 years.

As of 2023, i know many cancelled their new car bookings based on latest CPO price. 2021 and 2022 were good years for palm oil but if the price can't sustain, it's just a consolation for the depressed price since the last 12 years. I am no expert in palm oil. One need to understand very well the long term price direction of palm oil in order to make successful investment and not just look at the past

Indeed plantation is gold mine. Many plantation holders changed cars in 2022 because of the exorbitant profits they made. I was presented with a plantation for sale in 2018. After doing some research, based on the price then, i should get a return of 5% per annum on my investment based on the asking price. Now, i better put in bank for 3% and no headache la. Plantation owners are some of the richest guys in Malaysia but that's because they ventured into it 25 or 30 years ago. If i could buy plantation lands or plantation companies at 25 years ago price, do let me know ya

My answer RI for Dato' Sri Thong and PAC to hold warrants as defensive tool yo prevent hostile take over.
In order for below arguement to have valid ground, 1 need to check what is the current shareholders holding structure. If Insas's shares are owned by a few major shareholders, only then Dato needs to be worried. Eg. I approached top 10 shareholders and could own more shares than Dato after i bought over their shares. Then again, if Dato exercised his W in such case, the hostile takeover also can exercise his W right?
Now, if Insas shares are spread among many retailers, then Dato needs not worry about hostile takeover. Just your holding already take 1 month to sell or buy. Any major hostile moves can be easily detected and countered.
My arguement valid?

Note: Dato' Sri Thong and PAC hold 32.96% and any buying of Insas share will trigger the 33% threehold of MGO

Any belief which could not be verified methodically considered FAITH?
How to quantify my belief that Sapeng would be ok eventually? No. It's faith
How to quantify CapitalA would be ok eventually? Faith.
Your Insas? Faith on Dato?
Why so many people got scam by FB investment scams on promises of high return? Faith
Why so many people believe Armada issues just hiccup? Faith
How many people who bought shares really know the inside out? How well you know the industry? Not to mention the management in the company.
Our final financial results will depend on how accurate our FAITH is. That's determined by IQ and life experiences.

Human nature to defend what we owned. Same question would get different answer from SSlee for Insas
Sslee

Just ask the Board If can pay dividend then why PP?

3 hours ago

Bought at 3.60. Mainly on technical reason as i believe technology sector would face a rebound rally once central banks stop interest rate rise. At least temporarily

You are here because you wanna make money from Bahvest share appreciation right? Lo did that for 1 thing only, to either threaten you or persuade you to vote for Lo to stay at the EGM. As long as you voice support for him, everything will be ok. So, you know what to do lah. "You help me, i help you"
No need to become a legal expert

Overall, i made 14,490 from my Salute gambling. As highlighted, this is gambling and in the long run you sure lose when gamble. I discourage gambling.
2. SALUTE (0183) 14,490.000 7.574 0.911 0.980 210,000

SSlee. You have lowered yourself to slandering? If you can't take the heat, just stay away.
If you enjoy the attentions, then you better withstand the heat.

My mum always said don't gamble and yet still hand itchy. Served me right.
Btw SSlee, before you venture into TA, suggest you to listen to Grand Pine Alfred Chen youtube live last Tuesday 11/4. It's great reminder for TA people. I always listen to his youtube when i hike

Windy1974,
Did you managed to cut win or cut loss your salute?

Sslee. Would suggest you quickly delete your cow analogy. A lot of people get screwed by online comments

I would say with SSlee's track record in stock selection, Insas is the best stock for him right now. He would have lost his pants if he is investing in other counters.

SSlee. I won't buy CMSB being a Sarawakian even if it's for trading purpose. As for value stock, it will always be high NTA and low share price. Always can see but not touch. Btw, you know why it's called "CM"?
I very itchy long time not going casino so this morning bought a little bit of salute at 0.99 for coffee money. I bought because of the volume 10 minutes already yesterday 30% volumes. Gonna cut loss if drop lower than 0.88

Correction. I sold most of my AA at 0.80 and some at 0.795. While Sslee sold his JAKS at 0.22, i bought more yesterday at 0.22. JAKS first meaningful resistance at 0.24 which would be broken easily with volume. If i wanna take profit, it will be 0.24.
I am indeed the proud owner of Sapura Energy shares sitting on a paper loss of 33%. I either gonna lose 60% of gaining 300% in 1 year period.
As for AA, i don't think it could drop below 0.70 unless share market turns negative. Then other stocks gonna suffer anyway

13/04/2023 0.805 0.78 - 0.805

Windy1974 sold his CapitalA on 13/4/2023 morning at 80.5 cents for some trading gain. He will trade again when opportunity arise. Me sold some of my jaks at 22 cents for some trading gain too.

By next week most likely CapitalA will drop below 70 cents and someone will look at book lose instead of book gain.

Since Johnzhang is here and John is an expert. Is the price paid for the Sabah estate reasonable? Being an outsider, even i have an answer and know why it's bought at such "reasonable" price. If you don't understand why, then you are too young to invest in KLSE yet

https://www.theedgemarkets.com/node/662787

I exited AA this morning cos delay in submission means things are not that smooth

Good morning CharlesT. I don't normally respond to non sense. I respond to you because i reckon you are an intelligent fellow. I could understand why you or SSlee picked on Philip. His words are harsh and he is cocky as hell. He once belittled me when i jokingly said i would be willing to become JAKS CEO with a 500k salary. He only shut up when i said i was JAKS top 30 share holder.
Have i changed my opinion about Philip? No.
Would that changed my opinion that he is good at investment long term? No.
Your personal emotion should not affect your judgement of a person. If you do that in your career or business, you won't excel.
Funnily, i believe Philip kept attacking Insas because he cared about SSlee