15,979 mil shares... consolidation 16 to 1..left 16,000 mil shares rougly.. price changes fm .05 ¢ will becoming .80¢ per sjare..habaa

potential to die after die.. bro zahrul himself position under attack..how?

die hard

watch out consolidation if to push price to $1

dieee

stockraider..what potential of SE u re talking about..potential of huge debt liabilities of RM20 billion . shittt....die man die doubke di

hahaaha... no more bullets

what do u expect than....later make poker face.....quietly riding on SE for persrnl gain...smartly..no wonder......

sailang..if what u said is true..sharil 15.9% stake ommitted in the annual reports.... wowww.this is already amounting to false declaration...fraud reportung....hahaaa there u re these are amongthe problematic issue...no integrity

runnnnn jump into the sea...png bridge

@no point faking

Doing bz is to gain...if doing bz merely accumulated snow bsll effects of debt aftet debt..even burning cash flow... yet ceo..bod well paid..wowwwww might asxwell ckose shop ..no poiny fakinh and manipulative twist turn..inveztors.. jusy lije a pproffesnl scammer alike

Good move by epf...stock price that time.. 2018...@ .90¢ - .60¢....

Lets read back reminisce a bit of history....for better flow of mindset.

Once held up as a shining example of Malay entrepreneurship for being the world’s second largest integrated oil and gas (O&G) service provider, the group has suffered greatly since oil prices crashed in 2014.

However, it is clear that not every stakeholder has suffered equally, with ex-CEO Tan Sri Shahril Shamsuddin earning a whopping RM443.9 mil from 2013 to 2021 – or an average of RM49.3 mil per year for nine years – excluding the “intellectual property rights, trademarks and branding” fees as well as related-party transactions.

While PNB’s 40% stake in the company is often cited as the key reason for a bailout, we should not ignore the bad strategic decisions made by the company.

This includes the company’s acquisition of Seadrill’s drilling assets in 2013, which gave Sapura Energy a 55% share of the global tender rig market, but also severely stretched the company’s finances.

Sapura Energy was a slow burn (and avoidable) crisis waiting to happen. In 2018, shareholders, including the Employees Provident Fund (EPF) voted against the re-appointment of all the company’s directors, including Shahril, perhaps in an attempt to force accountability upon those who have made strategic mistakes.

However, the bid to oust Shahril failed and EPF ceased to be a substantial shareholder

Little light end of tunnel...bring own lighter and candle at least... Hope its ok..seamless hope ..hope..hope....lastly hopeless

Datelin convertible to deadline.....finished case...hanged ownself..hahaaa

Restruct..impairments..etc just delay tactics buying time..what about if funders and bankers insist to get back their $... Via winding up process..Asets sold payback....hahaaa bilis left to collect whatever leftover....could that be a way exitng

.Sailang..ur points are powderful...logic and facts....not fictious.....hahaaa SE sell assets ...can cover or not..i bet leave crock underwear..then whats...more $ in..is going no where except into zombie powerful oligarch masters...... Big words like bumi assets..downstream business etc etc...hahaaaa its part of soothing good for ears. Why now only those big words loudly heard..not 4 years back... Balls and shit. Ding dong..SE merely SPV for those baxxxx..and crooks..to manipulative activities...absconded ..public $

.Now.stockraider..now u agreed. ..the mngmts performance were not as expected to deliver profitability to compny..then why still loved them idolized them by giving enormous perks...etc..yet. Nothing of much good return back by the compny? Could be hidden hands of ?????? Guess who

If..and if 2016-2020....things are put to be corrected...SE could be better off..to weather the storm...may be SE is in better shape

Rite cicakman....agreed cold towel..too much hot weather ..facts are hard to digest..but fictious and hope easily made to believe..hahaaa

What kind of bz model...cannot brain...sapu mode..ayaaaa

Capital being pump and dump too big papa mama...hahaaa

Restructuring mode should hve been triggered 2-3 years back..when being injected vitamin $2.8 billions by big Papa....why now...too late..after rounds after rounds ceo and bod appointed..cessation...then appointed new set....exit..appointed ..too tired..yet still ship more holes..how???

Hahaaaa. Yeeah...buy buy...enjoy being zombie..

After all it was claimed that ceo, bod SE are the best of the best..yet company becoming zombie

Hibscus...wah seong...dialogue...dayang...etc other... O& G players..can survive howwww?

Hahaaaaa....

what hopes do u expect...? white knight to come in? for what? elon life line!

To service termed loan yet problematic..and ppl taljung about under value..Come on .... if after injection bail out 2019...turning PNB as 40% holder... rite now where do SE direction .. 2 years elapsed..with ex peteonas sifu being appointed..yet..tge facts now..still laden enormius liaibilities... snow balling effect .thats facta

agreen with u Understand... talking about..under value..? hahaa the market forces more or less determine it. if laden with debt...cash burn flow i eating fast the piece of cake...only smokes more smojes ..hopeless

..holiday at Ferringi beach Penang better....Looking pasembur mamak.....but still cannot sleep. Thinking..despite the continuing resurgence of crude oil prices (after the dip in prices over five years ago), and PNB’s help only three years ago,...injected RM 2.68 billions...wowwww why is Sapura’s performance still bad..same no differences..going even fm bad to worst. Must be somebody playing with magic wands

Irony..can the forum justified. Oil&gas recovery..price up. But SE claimed to be global players dwindling into the ocean...going opposite direction into the graveyard of zombie. Impairments excuses are just too outdated to be the main culprit...bail out already done 2019 of Rm 2.4 bill or so..but faster it spiral down..ceo and bods simply exited to their liking handsome persnl gain..company becoming zombiesssss....yet asking for more? For what????

...SE sure will default loan termed time frame... but this is Boleh Land...everything is possible..even dead will becoming alive.....even convicted can dined with the angel from outer space..so how??cannot brainnnnn hahaa

..March 2021, Anuar Taib, who has about 30 years’ experience in the oil and gas industry in Sarawak Shell Bhd, was appointed Sapura Energy’s CEO to try and save the company.

One year later, despite the cash injections, the change in members of the board, a new management team, refinancing, and selective bidding for jobs, he warned that the group may have to make tough calls if it is unable to reach workable compromises with its customers to recover or limit losses.

If the government agrees to save Sapura with public funds, the rakyat may wonder why the company should be bailed out yet again. It is not as if it has not been helped before; PNB already gave it a cash injection in 2019.

Perhaps the trial – if it takes place – will throw light on what really went wrong....why scared to know the truth.

pity oku...all advice are goods... subject to further scrutiny... weighted the facts... do not hope too much..bilis akways failed when hoping too much..beconibg hopeless...

sleepy...sorry bad typo..burnt fingers.

sorry evo118... my mistakes apolgise

opps

SapE was already given the lifeline. yet still dipping deeper into the ravine.....

..In 2019, Sapura was given a cash injection of RM2.68 billion by Permodalan Nasional Berhad (PNB) in return for a 40% stake in the firm. Why should the rakyat agree to yet another cash injection? Why waste more good money?

Despite the continuing resurgence of crude oil prices (after the dip in prices over five years ago), and PNB’s help only three years ago, why is Sapura’s performance still bad?

Najib wants to save Sapura from bankruptcy, but who will help the rakyat if the government has no money? We are aware that the country is heavily in debt. Why should a nation in debt help out rich people and their ailing companies, so they do not go broke?

Many Malaysians are out of jobs, and businesses have been forced to shut down. Many struggle just to put food on the table, with some holding two or three jobs to earn enough. To survive, many have used up their life savings and are now digging deep into their EPF reserves.

With the trial – if it takes place – the rakyat will be able to know how public listed companies are run. They will be able to find out about the wastage, the exorbitant salaries and perks, the poor decision making, the choice of investments, and the losses incurred.

Last year, The Edge reported that speculation was rife that Sapura’s shareholders were furious with Shahril’s remuneration package. His take-home pay was said to be RM84.24 million in 2017 and RM71.92 million in 2018

they are successful too.... earning enormous gainnnn personally...hahaa bilis being piss off

..Many Malaysians would welcome the trial so that Sapura’s alleged mismanagement will be put to public scrutiny. They want to know if the alleged excesses of its former CEO and the failure of the board and managers to save the company from near bankruptcy are true.

The oil and gas company had achieved an unprecedented rise since its founding in 2012, but by 2015, trouble was brewing.

Attempts to turn the company around were made by corporate board members, who previously worked in other big-name companies like Petronas Carigali and Royal Dutch Shell. They were unsuccessful.

marked my word..SaoEn will default its termed loan service 6 jun and another 10 jun. for sure..selling will be dominance.. 2 ¢ coming

hope? and hoping? it costs PNB $2.9 billon or so...for useless scrap like this?????? public fund wasteage for certain otger corruotsors gain...ohhhh no

2019...when Pnb threw life line acquiring 40% of SapE...where does it trending then after...... ? still into the hole of hell..mismanagement and kots if fibancial leakages

SaoEng slow dying since 2014...un noticed.....till life line 2019... still dying more.. 2022 no more life on machine..hope? hope? ..hooeless

oil gaining price SaPE...$ bleeding.... oil

to ignore all these ringing bell..must be nuts..turn crazy

o