Its opportunities true ..but again it can turn out to be a disaster ..either ways.. check for the pointers which way its pointing ..be vigilant and factuals ..no goodwill or hoping vision....die man die if hoping hoping on fictitious and misleading info

we re looking for performance base outcome and good sound fundamental.... if assets being trade off to settle laden debt.. no matter how much sweeteners u put in...its a disastrous move?
why? how to u run business ..less assets and worst ..to add on NO or depleting op monies, funders shy off...yet company keep on burning cash..... as good as zombies walking on the graveyard endless. ....Directionless ..NTA 0.02 cents the company value at this time ..bleeding to death ...howw????

consolations.. making and mock up... Sweet stories to counter. Reality deep inside the company structure sinking deeper deeper no bottom...hoping and sympathy of goodwill hoping again....til hopeless ..

winding up petition on going, funders clawing for their monies, term payment default, ...only RO by court as saviour.....as for us we just plying touch and go games..but high risk

soft rwminder..OPR july likely to spike to 2.25% to curb inflation.... US bearish and recession looming

facts stories and fictious sweetners are logged header..choosr of ur liking and preferences

shaking fingers...too scared to touch this counter..becominh speculative counter....

hahaa horny much better than thorny.....rite

we re here traders. .trading for gain...touch and go or smart tag which ever... haahah

Posted by cicakman > 33 seconds ago | Report Abuse

Yarrr..swimming wth balls floating.
-----------------------------------------------

lucky guy if balls floating.... what about heavy balls sure sink..heavy laden with debris.. sinking as if bottomless
hahahaa

Scenario and impacts likely of MoF intervention .
...................................................................................................

If you compare the storyline of bailing out by MoF intervention in GLCs....it follows the same similar footprints..in SE saga

in case 1MDB....The 10-year US$3 billion bond was issued by 1MDB GIL on March 19, 2013, with a 4.4 per cent interest on the US$3 billion sum to be paid until 2023. ..what happened to the schedule term repayment?...

The answer is here....

https://www.malaymail.com/news/malaysia/2022/06/15/ex-treasury-officia...

what then it has to do with SE issue?
The script are of the same no difference.. again usage of public fund ... less due diligence

Letters of comfort and letters of support are indirect government guarantees where the government is only responsible for debts if the parent company fails to repay its subsidiaries’ debts,
while a Government Guarantee would be a direct guarantee where the government will have to bear all costs for a debt if a company fails to make repayments.

Following other processes including a Cabinet meeting in February 2013 agreeing for a letter of support to be issued and authorising the finance minister to sign it, ex-treasury-official-Malaysia Dato Siti Zauyah ..said then finance minister then had in a March 11, 2013 document signed his approval of the option to accept all proposed terms and conditions

She said she and her team had NOT recommended any of the options to be taken up due to worries of the financial implications on Malaysia and to take care of Malaysia’s interest,

Siti Zauyah also explained that the Malaysian government had never failed or defaulted in making repayments, adding that “indirectly it also showed that if there are any defaults within the range of US$50 million, a very low threshold, it will show as if Malaysia is in financial difficulties and already considered bankrupt.”

It seems history is about to repeated.... of why someone dearly wants.. recommended Gov Guaranteed for funders and bankers to top up $ for SE.

The rest remained self predicaments and self answered. Choices agreed or disagree is yours how u see from ur eyes view for MoF intervention since it involved mammoth huge sum of monies and huge public fund....motivated by? self interest direct or indirectly/ self gain? goodwill? cronies? u named it ..... with ????? ROI

the best solution is when the outcomes of the saga exhibits constructively positive ROI........its left to the risk committee of the company to juggled the parameters in control within and external ...... i think.......

Posted by cicakman > 1 minute ago | Report Abuse

Soalan Bonus for billionman based on your experiences.
Lets say you are MOF what will be the best solutions to get out from these mess?

............................
thank you for sharing mindset
to be honest i m proud too for SE adventure and innovative but hardly sad of it performances and outcomes due to many shortcomings and failure in best practices especially in negotiating financial footpath which are the heart and soul for an organisation at MNC level of the same Its being bleeding unattended seriously years back and too add to the calamity c19 and downturn of global o&g sectors.. but this does not make a good excuses because as a giant MNC its must have contingencies, intervention and cut off point at much earlier stage....just hve a look at her siblings.. steady at least not in mammoth laden with debt snowballing... unmanageable and coming to bankruptcy level..but again.....

to answer your request sharing chicakman.... me too sceptical about it......wait early morning for inspiration to come.......
me just a humble player too up and down....along the trading trail learning curve try to learn from u all too...... hahahaa

the game just on.
EPF made a wiser move shying off 2018...
PNB got cornered no land to run already committed holding 39.6% 2019 .....its facts

now....new chapters all ex top gunners ex Petronas ..velesto recruited back into top mngmt..... PETRONAS sure aware of the musical chair being played... Up to investors imagination how they perceived and analysed fm this chess moves. Strategy within strategy ....jig saw puzzled depend on how u identified things ..problem statements facts and linkages.. Its tough cos added by magic wands and hidden hands of oligarchs governance.

trade on own risk just sharing views and logical moves based on whats is happening and market development local and global imperatives.

happy trading all

1. investors will cursed like shit till doomsday likely hahahaa if happens
2.smart tag or just touch and go even can use rfid
3.can hold but be prepared die hard hahahaa cos u re holding a zombie ticket to zombie land
4. trade on own decisions ..US mrkt bearish environment......... is looming more to come typhoon

Posted by sailang_now > 29 minutes ago | Report Abuse

Could be possible...as RM12.5B debts after converted to equity would inflate issues shares from current 15.9B to 265.9B shares of 5sens each. Later if do a 10:1 shares consolidation will be 26.5B shares at 50sens each?
...................................

silang you make a valid point there..it could happen too Boleh Land hahahaha

Posted by sailang_now > 6 minutes ago | Report Abuse

cicakman
Sailang...me no school,Funded debt converted to equity apa jenis restructure tu?
I always read but same times always failed to understand.

Correct me if wrong...what it means is the RM10.5B & RM2B+ owing to contractors for services will be converted to shares (equity) in SEB leading to dilution of shareholders value. Imagine RM12.5B in debts converted to more shares...at current share price of 5sens, SEB has to issue another 250B shares on top of current issued shares of 15.9B?

...................................................................................................................................
PETRONAS DAGANG base share merely 993 mil shares in the market @RM20.44 current.......

its must be non competitive then if a company having 15.9 billion shares + additional 250 billion shares ( RM12.5 billion worth shares as mentioned @ current price calculation )) total of .... 265.9 billion shares.... weird and ridiculous initiatives

please self read here for facts.

Analysis .
This likely the main reasons PNB confidently acquired 39.6 % stake in SE.......... based on this impetus. But it turn to be mess up with SE own strategy inviting PNB to commit. LIKELY looking at the lucrative prospects for gain for Phase 2 projects out of KASAWARI planned 4 phases. LOOK AT THE CHRONOLOGY DATE AND TIMING FOR THE ACTIIVITIES ...surely it will knock some sense logical sense if not all.

BINGO

https://www.offshore-technology.com/projects/kasawari-gas-development-...
Contractors involved in Kasawari gas development project

written :PROJECT
8 January 2020

MMC Oil & Gas Engineering (MMCOG) was contracted to provide engineering design services for the facilities.

In October 2019, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) was contracted by PETRONAS Carigali to deliver engineering, procurement, construction, installation and commissioning (EPCIC) services for the project.

White Quest Synergy was contracted to design safety case and performance standards for the Front-End Engineering Design (FEED) project, while Golden Ecosystem was appointed as the EIA consultant to conduct the environmental study.

Cash-strapped Malaysian company Sapura Energy looks to have been dealt a blow by failing to qualify for Petronas' prized Kasawari phase two front-end engineering and design contract, with the contractor’s financial woes said to be a determining factor.

Please be factual and be FAIR to PETRONAS too.... just to share the facts....... so that we can make a wise decisons if not wiser

Kasawari phase two setback knocks Sapura Energy
Malaysian contractor selling off assets to help stay afloat as it looks to be missing out on major domestic contract

2 December 2021 6:25 GMT UPDATED 2 December 2021 11:14 GMT
By Nishant Ugal , Amanda Battersby , Russell Searancke and Iain Esau in New Delhi , London and Wellington
Cash-strapped Malaysian company Sapura Energy looks to have been dealt a blow by failing to qualify for Petronas' prized Kasawari phase two front-end engineering and design contract, with the contractor’s financial woes said to be a determining factor.

Market insiders had expected Sapura to be pitted against Malaysia Marine & Heavy Engineering (MMHE) — with its respective engineering partners — for the lucrative Kasawari phase two job, but several sources told Upstream that Petronas has sent invitation to bid documents to South Korea’s Hyundai Heavy Industries, instead of Sapura.

Posted by cicakman > 8 minutes ago | Report Abuse

Sailang...me no school,Funded debt converted to equity apa jenis restructure tu?

I always read but same times always failed to understand.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

this does not look like restructrue..it just trade off settling old debts. Creditors are on doorsteps..ahlong..... coming for her end up term repayment termed loan..... lucky court power happens to come to the rescue delay tactics give SE more oxygen at least another 9 months on machine heart beat ..excuses and reasons emmm just mockeries ? why./Look at other O&G siblings...doing not as bad as SE.. manageable and sustainable..

In summarily NTA as indicators basically for the health SE ..NTA=0.02 cents??? what to expect then. either will stuck here for long holding or die

hahahaa likely........it ok just trying to be fair on SE to and investors

yyyeeah rite silang. mr Understand is very misleading
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Posted by Understand > 8 hours ago | Report Abuse
BIMB buy call sapura. Rm1.5.

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Look here analysis TP by varrious funders.
focus at BIMB TP..it has been it has been 0.15 cents since last year...where is the rational and justifiable for it...


>>DATE>>PRICE >TP
2022-06-07 0.055 0.15 +0.095 (172.73%) BUY BIMB

2022-05-31 0.085 0.05 -0.035 (41.18%) HOLD PUBLIC BANK

2022-04-04 0.04 0.03 -0.01 (25.00%) SELL PUBLIC BANK

2022-04-01 0.04 0.03 -0.01 (25.00%) SELL PUBLIC BANK


2022-03-21 0.035 0.02 -0.015 (42.86%) SELL RHB-OSK

2022-03-21 0.035 0.03 -0.005 (14.29%) SELL PUBLIC BANK

2022-03-20 0.04 0.01 -0.03 (75.00%) SELL HLG

2022-03-11 0.04 0.03 -0.01 (25.00%) SELL AmInvest

2022-02-07 0.055 0.05 -0.005 (9.09%) HOLD HLG

2022-02-07 0.055 0.03 -0.025 (45.45%) SELL AmInvest

2021-12-14 0.05 0.04 -0.01 (20.00%) SELL KENANGA


2021-12-14 0.05 0.15 +0.10 (200.00%) BUY BIMB

2021-10-14 0.105 0.15 +0.045 (42.86% )BUY BIMB

even epf exit much early in 2018..detecting discrepancies and avoiding non profitable company ..reduced to No ROI to him.... yet BIMB made a IN move..either very misleading or BIMB. making unwise decisions

just precautions views...Investors should brace for further impact as the near-term outlook for the Malaysian stock market is unflattering, with US stocks sinking into bear territory.

An analyst even recommended investors hold more cash than equities, considering the mounting risks globally including recessionary fears and inflationary pressures.

hahaha. .nice joke..no stress

Publish date: Mon, 13 Jun 2022, lookout ( in summarily for this week guidance)

TECHNICAL OUTLOOK: KLCI
KLCI fell 15.8 pts to 1,494.95 for a 7th consecutive losing streak. Following the 1,500 psychological support breakdown and an extended Wall St slump last Friday, KLCI may tumble further this week towards 1,452-1,475-1,485 zones before staging a potential oversold rebound. Nevertheless, any technical rebound may face stiff resistances near 1507-1,531-1,554 levels.

Bearish breakdown below 1500 may trigger further selloff towards 1452-1475-1485 zones likely

MARKET OUTLOOK
Tracking Wall St slump and ahead of the widely-focused outcome 13-14 June FOMC meeting, Bursa Malaysia is likely to witness roller coaster ride with key downside supports at 1,452-1,475- 1,485 zones after closing below 1,500. Meanwhile, any technical rebound could face stiff hurdles at 1507-1,531-1,554 due to prevalent turbulences, in the light of (i) elevated inflation, (ii) hawkish Fed, (iii) protracted Russia-Ukraine war, (iv) renewed political fluidity amid speculation of GE15 in 2H22, and (v) a resumption of foreign selling. We continue to approach these dynamics by staying defensive, diversified and patient

see the market trending. today ...most are cosmetics..no life only little heart beat

the issues are oligarchs in Boleh Land is KING...hidden hands of evils hahahahaha

not to excited for MoF to get her hands dirtier in SE debacles ........let the market forces decide SE fate......

1. lets forensic spectacles look meticulously into MoF adventure into all the shits when MoF intentionally involved..its public portfolio and ppl rakyat monies

2. soft reminder to us players...The company further said that creditors of each applicant (Sapura Energy and its wholly-owned units) are required to submit respective proof of debt on or before June 30 this year 2022 as ordered by the High Court.
timeline... funders / bankers tabled out officially to court...SE owe them ..liabilities... default payment has becoming normal do...yet claimed to be valued company howw? with NTA 0.02 cents.. what logical value u re talking about. To buy a bottle 500ml RO wATER NOT ENOUGH...how???????

15 Jun 2022....what do u expect...?? is MoF too going to be entering bankruptcy syndrome...by letting her Institution to get in deep.shit and messing in SE.
Malaysia still owes US$3 billion (RM13.3 billion) in debt as a result of a joint venture (JV) between 1MDB and Aabar Investments, a former finance ministry officer testified.

Siti Zauyah Md Desa, who used to be part of the ministry’s loan management division, said 1MDB had never reported to her division regarding the JV (1MDB is wholly owned by MOF Inc).

During the RM2.28 billion 1MDB corruption trial...

this is just A case...thinking of it..now to add another SE nightmare.. really unwise move

there u are..wake up calls

inflAtion short circuit measure

sure interest rate hike too.. july OPR BNM likely to move fm present 2.0% to 2.5%

General bird eye views of SE.

We may wonder why turn into PN17 companies????? if we scrutinise them carefully, we will see that these companies are usually poorly managed or do not have good track records.

Then why investors continue to hold on to these PN17 companies. ??
1One main reason is that they seldom keep track of the companies financial performance. disillusioned, hoping and less sensitive to ROI impacts and track records performance based outcome.
2.Likely most likely being fed with rubbish info sweeteners and misleading.
3.Some investors are not aware that they are holding on to stock of companies that have been classified under PN17. 4. In some cases, the investors do not even notice that these companies have been delisted.

A key difference between good investors and normal investors is that good investors always remember that there are chances they may make mistakes in their stock selection. All about risk probability and gain stories. Therefore, they are careful to monitor the performance of their stock.

Once they discover that the companies they have invested in are experiencing declining performance or showing early signs of financial difficulties, they will make quick decision to cut their losses.... where possible

Unfortunately, not all investors have the courage to admit their mistakes.

Even worse, some of them even believe they will never make mistakes in their stock selections and the poor performance is just a temporary situation. This type of investors usually end up getting stuck with poor performing stocks.

It is said of the stock market that "what goes up will come down, but what goes down may not go up"

Disclaimer .own decisions

facts are ...bail out ..again bail out....again bail out .... pump in...again pump in. again pump in .but sinking further... suffocating.. to pay debt ..sell assets ..as trade off.

now buying time..seeking begging for funders to come in to get more $ to move on..what kind of bz is this.. unsustainable model

Look at NTA quantum..NTA 0.02 cents but talking as if profitable. lucky to hve assets for trade off pay debt the only consolations good part. irony mgmt. all fattttttttt

1yr time frame to come out of pn17? hahaaa even fm 2017 till 2022 continue to sinking winding up..lucky RO and court appeal granted delay...what do u expect out of it if doing bz on other ppl mercy, investors confidence level dwindling based on non profiteering Y2Y fiscal data...yet talks as if like Hisbscus or Dialog or Dayang or Wah Seong.

falling into the PN17 domain is a serious implications referring to financial problematic the ability ,sustainability ,growth prospect and the anticipated ROI.

merely delay slow death or recover... 50-50.....since her lifeline depends on others rescuers of goodwill..so far roi 0

next push till .03 cents if lucky....

Posted by Ninth007 > 1 hour ago | Report Abuse

OUR STRATEGIC RESET PLAN

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.

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.
.....................................................................................................................................................................

looking at the statement above....hahahaa SE mngmt already in the know and anticipated 6 months earlier that SE will be punitive into PN17 ( 1 Jun 2022) by SC..

even BRTF already set up......... reflecting.....that for unsuspected bilis are just being toyed turn into a ball being kicked all around ... what a game..... more to come..hahaaa

SE can plan ..telling stars and moon..but as investors no guarantee it will succeed ? why? a few bail outs after to bail after bail out..nothing constructive happens.....except continue to sell sweetens .. If this is the modus operandi ......it..seems not competitive and not much of ...?? merely selling points of theory and planning...proven many times fail after fail..how to convinced investors and funders......promise after promise ..even default payments to bankers ..vendors etc... and is forever sinking deeper..no bottom... be futile. ..Most big boss abandon ship...new big boss come in....with networking etc..hope hope ...sweetens again.......... last last hopeless...waiting for life line fm others hayaaaa

confidence level given ...too low...rate of success depends on things that beyond SE control...poker face begging for life line howw?

how to be competitive..burning cash no money to operate? begging for bail out aftrt bail out?

own decisions....trade with bullets. or die standing

every actions or eventualities.... there must be reasons push and pull factors.. these are the beauty of this forum... complement and supplement unfo...buy or sell call is own devisions..this is the right trading mindset preceived

tq cashflow.... very beneficial analysi and info..tq

sweating mineral water..or ro water.......

stay aside and be a good cctv better unless u want thrill and adventure catchinh the falling knives...hve a try

if banking systrm hammered badly..how on earth SE able to hsve a hair cut.... funders think twice...thripple..nipple ..die man die
..thripp

lemon ice tea over feringgi beach hahahahaha

emmm u correct bro in that sense......i agreed. But again just a matter of holding power and gain benefit time frame... anyway hve a good trading....... chill out ...nite

..Glooming outlook.....run for safety. Better hold tight..

a. KUALA LUMPUR: It’s a sea of red on Bursa Malaysia, with over 1,000 counters ended in red as heavy selling bash down blue chips and small-cap stocks.

b. At 5 pm, the FBM KLCI lost 29.12 points, or 1.95% to 1,464.83, its lowest since November 2020
Foreign investors sell Malaysian stocks at level not seen since last December

By Asila Jalil
June 13, 2022

1.Benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined everyday and fell by 2.85 per cent last week to close at a six-month low of 1,493.95 points last Friday.

2 Bursa Malaysia saw heavy outflow last week as foreign investors net sold RM436.9 million of local equities, a rate not seen since December last year.

3. MIDF Research said in a note that the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined everyday and fell by 2.85 per cent last week to close at a six-month low of 1,493.95 points last Friday.

"Foreign investors were net sellers every trading day of the week from Tuesday to Friday, continuing its net selling trend which started from the previous Thursday (June 2), therefore marking six consecutive days of net selling.

"The steepest net selling days by foreigners were Thursday and Friday at RM189.1 million and RM183.2 million respectively," MIDF Research said in its weekly fund flow report today.

Overall mkt sentiment bad mood..... coffe please

i still believe in SE but i am very sceptical too to her success to ride this turmoil.....50 -50 dead or alive......... choices are yours...very hard decisions.. lost sight of how SE going to leverage its capabilities. With no monies

lets watch Bloomberg..hve peace of mind hahahahaaa over coffee

what to look for when these activities commenced. All about fund raising. what do bilis gain accept looking for price fluctuations and pick up here and there the gain or loss.