To reminisce generally.
-contracts accepted on onerous terms and operational issues
-Main concerned now is to find and execute ways to moderate losses, while ensuring project delivery.
-but when a workable compromise is not possible, she may have to make difficult decisions.... this is ??????????


SAPRNG group's liquidity challenges facts are
a. Unsustainable debt level
b. high overdue payables to vendors,
c. working capital facilities suspended since October 2021...till now
d. impairment on goodwill and property, plant and equipment worth RM5.39 billion collectively...

Initiatives done so far yet no profound significant positive outcome
1.court-sanctioned debt restructuring exercise with creditors.
2.in talks with lenders to restructure its long-term debt
3. will begin scheme of arrangement briefings with its vendors

some of the Planned in store by New CEO
1. Revisits strategic divestment plan >businesses and assets that are not core to its future business direction will be divested to reduce its debt.
2. be selective in bids to focus on preferred regions, namely Asia-Pacific and the Atlantic, where SAPRNG can be competitive.
3. Adoption shifting the balance of project portfolio in the short to medium term towards transportation and installation; and anchor construction activities at the Lumut fabrication yard

All of course time frame ...hopefully within next 9 months ...Then what?????????????

Some of the outcome so far..

1. Termination of its monopile installation contract at the Yunlin wind farm in Taiwan in its fourth quarter for the financial year 2022 (4QFY22) ended Jan 31, 2022, after "extensive negotiations" with its clients.
-no all nego in positive notes

angry cos possibility of abuse use of public funds by oligarchs..thats of concerned

cannot brain which bz model is being used... begone and gone better..embarassment to the country as mnc player...top gunners all handvrakes on

doing bz on goordwill capital..doing bz life depends on others for running capital..irony laden with debt .too asking other for bail out..what the f***

cicakman. your wisdom on no capital how to run bz. ..and execute cobtract...well said facts.. hoppeless hope

bilis and investors just merely their puppet shows and actors to justify for SE to be in BSKL...eye opener

bskl looks like succumb to politician will..not market force..howww??

SE can be delisted.. Already a private MNC..bz as usual let the entity itself dictates her fate...why SE with NTA 0.02 cents... stubborn to stay put in bskl??? for what?? they re not running bz..but running a casino. for oligarchs

lifeless...but heart still beating

SOA..rstruct..Extended RO etc...are all MERELY sweeteners. .we want + output base performance fm our loved SE not debt in coherent with ROI....and not on hope after hope after hope turning our eyeballs disillusioned...all along the way

touch but no go.. stuck is the worst case.....

hahaa sailang u ve valid points ...to added on.... KJ already cautious next 2 ....3 months Second wave covid might reattack..hahaaa political lifeline playing gamesss

1. look at the trending bskl Jun...quite erratic and hard to match with others global market trend.
Generally Bursa index is ..sinking non stop and many stocks also dropping and etc. Chart don't lies but people do.

2. So next logical thing to do is sell everything and keep your cash under your pillow

3. But again .....Refused to cut loss??

reminisce of a guy named somebody. This somebody refused to cut his Xinquan till the shares dropped fm RM1.50+ to few cents b4 being delisted.

That fellow even bought millions of Xinquan on the last day b4 it was delisted saying he can wait to see the cash of RM1.00+ per share in their bank ac...

If he couldn't see then his grandchild can see one day in the future was the reply... hahahahaha sensational story

dare to catch falling knives go ahead..if u re a great and master of juggler...own decisions......but other ppl perspective too is important for the best positioning for the kill

Do not be too confidence and too comfortable with current oil trend.

NEW YORK, June 22 -- Oil prices fell on Wednesday as demand worries returned to the market.

The West Texas Intermediate for August delivery lost 3.33 U.S. dollars, or 3 percent, to settle at 106.19 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery decreased 2.91 dollars, or 2.5 percent, to close at 111.74 dollars a barrel on the London ICE Futures Exchange.

The pullback came as traders grew concerned that the central banks' aggressive steps to combat inflation would slow growth and hurt demand for fuel.

In his testimony to U.S. Congress on Wednesday, Federal Reserve Chair Jerome Powell said that the central bank is trying to bring inflation down without inflicting too much damage, but the Fed's aggressive rate hikes could tip the U.S. economy into recession.

Oil participants also waited for data on U.S. fuel inventory as the Energy Information Administration is set to release its weekly petroleum status report on Thursday. Analysts surveyed by S&P Global Commodity Insights forecast the U.S. crude inventories to show a fall of 3.7 million barrels for the week ending June 17.

cueing on this dev........anything can happens to ever fluctuating oil trend though the prospects are on the positive side in general

cicak...correct ..the interest is per current situation prevalent...... with OPR and interest spike ..later it might be different towards more....... wait July ....BNM sure will make announcement out of Monetary Committee of BNM.....watchout.....

Posted by Ninth007 > 1 hour ago | Report Abuse

Hahahahaha
Everyone know
Mother is woman
Father is man
Hahahahaha

...............................................................................
knowing and digesting is 2 different things.... similar to listening and hearing is too 2 different things altogether
emmmmm....reading through and just glancing at words too differs unless u choose to be different kinnd haha

how much more sweeteners SE going to sell? misleading bilis and all relenteleslly....trade in own decisions...be mindful of monies politics in the company too.....

at present..mkt capital RM 639 mil..... fact . Interest on loan total yearly at Half a billion ( RM500 mil ) fact.... so how to fo bz.....cannot brain...Burning cash on going, profiteering Zero.....legacy contract are going on..but non profitable...crazy mam crazy doingvthis kind of bz operandi...dueeee

revoked all renumerations for board D

,or worst throw smashed ur Iphone....hshaa

throw chairs at pc screen then..hahaa

hahaaa just laughing at the comments..joyful but valid. hahaha

no throwing chairs...virtually hahahaa

See the agenda.. same no difference...

NOTICE IS HEREBY GIVEN THAT the 46th Annual General Meeting of the Company will be
conducted virtually through live streaming from the broadcast venue at Tricor Business Centre,
Gemilang Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3,
Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia (“Broadcast Venue”) on
Wednesday, 22 June 2022 at 11.00 a.m. to transact the following businesses:

NOTICE OF
ANNUAL GENERAL MEETING

AGENDA
ORDINARY BUSINESS

1. To receive the Audited Financial Statements together with the Directors’ and Auditors’ reports
for the financial year ended 31 January 2022. To consider and if thought fit, to pass the following Ordinary Resolutions:

2. (i) To re-elect Tan Sri Dato’ Seri Ir. Shamsuddin bin Abdul Kadir who retires by rotation
pursuant to Article 110 of the Company’s Constitution and being eligible, offers himself for
re-election.

(ii) To re-elect Encik Md. Shah bin Hussin who retires by rotation pursuant to Article 110 of the
Company’s Constitution and being eligible, offers himself for re-election.

(iii) To re-elect Puan Sri Datin Seri Mariam Parineh who retires by rotation pursuant to Article
110 of the Company’s Constitution and being eligible, offers herself for re-election.

(iv) To re-elect Datuk Syed Izuan bin Syed Kamarulbahrin who retires pursuant to Article 114
of the Company’s Constitution and being eligible, offers himself for re-election.

3. To reappoint Messrs. Ernst & Young PLT as Auditors of the Company until the conclusion of the
next Annual General Meeting and to authorise the Directors to fix their remuneration.

4. Directors’ Fees

(i) To approve the payment of Directors’ fees amounting to RM379,610 for the Non-Executive
Directors in respect of the financial year ended 31 January 2022.

(ii) To approve the payment of Directors’ remuneration (excluding Directors’ fees) to the
Non-Executive Directors up to an amount of RM140,000, from the date of this Annual
General Meeting until the next Annual General Meeting of the Company in year 2023.

p/s ..........cut directors fees...hahahahahahahaaa company is facing hardship.....why not?

closing 0.04 cents.........hayaaa NTA 0.02 cents...about to achieved....diving slowly but surely

Just imagine SE debt only nearly RM20 billions ........for a company..as comparison........

BNM international reserves slip below US$110 bil

Publish date: Wed, 22 Jun 2022, 05:21 P
KUALA LUMPUR (June 22): The international reserves of Bank Negara Malaysia (BNM) amounted to US$109.2 billion as at June 15, 2022, the central bank said on Wednesday (June 22, 2022).

"The reserves position is sufficient to finance 5.5 months of imports of goods and services, and is 1.1 times the total short-term external debt," BNM said.

At US$109.2 billion, BNM's latest-reported international reserves slipped below US$110 billion for the first time, possibly since March 2021 when the figure stood at US$108.62 billion, according to BNM data.

Prior to Wednesday (June 22, 2022), BNM had previously reported its international reserves data on June 8, 2022 when the central bank said the figure stood at US$112.8 billion as at May 31, 2022.

On Wednesday (June 22, 2022), the central bank said that as at the close of business on June 15, 2022, its assets were valued at RM520.93 billion.

"The US dollar equivalent of international reserves as at June 15, 2022 was US$109.2 billion," BNM said.

According to BNM, the main components of its international reserves included foreign currency reserves which stood at US$96.3 billion, International Monetary Fund (IMF) reserves at US$1.4 billion besides US$6 billion worth of IMF-linked special drawing rights (SDRs).

The main components of BNM's international reserves included US$2.4 billion worth of gold and US$3.1 billion worth of other reserve assets.

https://www.theedgemarkets.com/article/bnm-international-reserves-slip-below-us110b

what can u deduce from those research commends???

reminisce back last week BSKL performance in brief.

KUALA LUMPUR: Bursa Malaysia succumbed to heavy selling of equities by foreign investors, leading to a net outflow of RM511.51 million last week from RM436.91 million previously.

According to MIDF Research, foreign investors were net sellers every trading day of the week except Tuesday whereby it recorded a net buying of RM9.38 million.

"The steepest net selling days by foreigners were Monday and Wednesday at RM163.20 million and RM146.28 million respectively," it said in its weekly fund flow report today.

AGM only to fill up time....shivering to sell assets..........now want census ...to make it looks good and sop abide...mockery all bull and shit ..just bandwagon....company sick not profiting but ironically top gunners being paid handsomely lavish.. this make investors like me angry hahahahaha......then ask gomen to use public funds ..make me angrier.....top gunners abandon ship..fatter and fatter...how to brain.

hahahahahaaa laugh till stomach ache

Posted by kyliew > 5 minutes ago | Report Abuse

Q2 2022 will be likely negative growth.....lets wait for the announcement in 1st week of July
..............................................................

yess high possibilities u are right why is it so? look at
1.unprofitable legacy contracts,
2.burning cash and
3.trade off assets to clear debt.....
4. funders/bankers queuing for their termed loan repayments in billions
5.3000 vendors clawing for their monies too fm SE
6. investors confidence?? Already in deep shit. support machines ... real loss and paper loss ..own suffering.

so what do u expected more out of SE.......any clues

they are running genuine bz or running casino or selling jobs contract bz for commissions. .cannot brain

Observe the timing for projects awards announcements......, and other sweeteners to the AGM timing as well as 30 Jun 2022 dateline for debt consolidations by funders/bankers/3000 vendors for court eyes to seal... then what????????????? mercy fm banks/gov./PETRONAS/Khazanah/ less PNB ( already committed 39.6% of SE .. factual paper loss in billions current standings) ,.......... hoping for goodwill or hellwill nobody knows.... the only delay strategy is buying time, extended RO, proposal SOA, proposal restructuring....etc..but are all this possibilities probabilities of making to happen still ????????/

All tied up with PRU sentiments.. KJ already announced 2nd or 3rd wave pandemic coming soon within next 2 to 3 months...hahahaha all Chinese opera and Indian foreplay in the Malay boleh land.........

kincing gajah mammoth pee ...all wet in out..zombie run out of heart beat

Posted by OKU_2020 > 8 hours ago | Report Abuse

Consolidation 100 : 1 ?
it's beyond repair - like Rats repairing Pumpkin .....
Tikus Baikki Labu ...
Can't rule out Chair Throwing at the AGM ?

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

oku..u rite..me too anticipated consolidation proposal.. 10:1 at least ..but if . 100:1... die man die hoping.. Now with mammoth 15,979 mil shares in the market ...... just imagine how many shares an investor holds later after consolidation. Though price higher ..but...value wise???

likely 10:1 consolidation possible 6:1 possible too......

At least price movement not that heavy.... if still traded

If delisted. ...the company can stilll operate bz as usual..... what the differences does it make. ?
BSKL should get rid of financial burden companies fm BSKL.. fm the market.. cos only tarnished the image of BSKL of having harbouring financial problematic companies as part of BSKL.. regardless . Investors are protected too from all this games of cat and mouse

Nothing special about SE..it just another bz entity.. but again why dependable on others in doing bz... irony is too many oligarchs hands of manipulative intentions for certain quarters gain....

oku..u rite..me too anticipated consolidation proposal.. 10:1 at least... 100:1... die man dieeee.. Now 15,979 mil shares.... jist imahinr how many sjares an investor holds later after ..thoigh price higher..but...value wise???

asking census for assets liquidity..... even MSWG was not in the know of write off issue...ayaaaaaaa..... hidden. This is not right

write off just like that RM 32.2 millions wowwwww thats a lot mannnnnn

The global integrated oil & gas (O&G) service provider is scheduled to stage its 11th AGM on June 22 (Wednesday) at 11am.

THE Minority Shareholders Watch Group (MSWG) is querying cash-strapped Sapura Energy Bhd at its forthcoming annual general meeting (AGM) with regard to consistent large amounts of write-offs of its plant, machinery, electrical installation, factory equipment and application tools (PMEIFEAT).

Over the past two financial years, Sapura has written off RM32.2 mil in its FY1/2022 and RM27.3 mil FY1/2021.

“What were the reasons for the group to write-off large amounts of PMEIFEAT in the past two years?” enquired the shareholder activism group. “What categories of assets from the PMEIFEAT have been written-off in FY1/2022 and FY2/2021?”

MSWG further seeks clarification from Sapura if the group needs to change the depreciation rates on PMEIFEAT that have frequent write-offs.

“If yes, what are the new depreciation rates?” asked MSWG. “Will there be similar large write-offs in PMEIFEAT in FY1/2023?”

Sapura incurred an audited net loss RM9.06 bil for its FY1/2022 which is deemed as the largest in the history of corporate Malaysia.

sounds familiar...hahaa

https://www.msn.com/en-my/news/other/banker-najibs-amislamic-bank-accounts-received-usdollar731m-%c2%a3946m-in-12-transactions-sent-out-usdollar620m/ar-AAYF3p3?ocid=iehp&li=BBr8Hnu

Lots of monies here ..ton tons of billions $ for SE as guarantors but NOT public funds and ppl monies please...why as always Public funds are being targeted as the sources for bailing out or life line for unbeneficial adventures for the country..why????? The risks are too high for the country ...especially at this time of periods of global challenges economic downturn......

Posted by cheahgood > 16 hours ago | Report Abuse

Trust your own eyes.. See the trend... Don't listen to bodoh punya rumors.. some bodoh say MOF will help out SE... Don't be bodoh la . If MOF plan to help, don't need to wait so many months la... Why must wait until now June or July only announce the so called Financial aids...haha

.........................................................
u got valid points and its facts. ..cheeahgood

MoF is being joyride and abuse by those oligarchs for more self gain rather than for the nation building. GLCs and SPV are good if opportunities to benefited the country and ppl ...but when its honest and solemn intentions are being diverted being used for amass self gain and political positioning ..then looks at the reality OUTCOME as today do not cheat yourself be honest deep down inside ..u re the judge... be honest to oneself....not crocodile tears as always hahaha

BNM MPC schedule revising OPR for 2022
4th 05-06 Jul 2022 (Tuesday-Wednesday)
5th 07-08 Sep 2022 (Wednesday-Thursday)
6th 02-03 Nov 2022 (Wednesday-Thursday)


at present OPR at 2.0%.

Headline inflation is projected to average between 2.2% - 3.2% in 2022. Given the improvement in economic activity amid lingering cost pressures, underlying inflation, as measured by core inflation, is expected to trend higher to average between 2.0% - 3.0% in 2022. News on 11 May 2022

again..soft reminders of OPR.....Jun 17 2022 Bernama

KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to raise the overnight policy rate (OPR) by at least 25 basis points (bps) by year-end, in view of the aggressive interest rate hike by the United States (US) Federal Reserve (Fed), said Kenanga Investment Bank Bhd.

On Wednesday, the US Fed raised its key policy rate by 75 bps to 1.50 per cent -1.75 per cent (previously 0.75 per cent-1.00 per cent) – the biggest hike since 1994 – in a bid to tame high inflation which saw the country's May 2022 consumer price index surging 8.6 per cent year-on-year.

In its recent economic report, Kenanga said the global financial markets' reaction to the rate hike and its eventual impact on the economy would provide a stronger impetus for most central banks to follow suit.

The investment bank said BNM's policy stance is gradually tilting towards tightening in view of leading to the buildup of a demand-driven inflationary trend.

"Hence, we believe that this would raise the probability that BNM would likely raise its OPR by at least 25 bps during its remaining three Monetary Policy Meetings for this year," it said.

Interest rate and loan could be highly affected...to cost more...

even delisted..bz as usual.... at least security and away all the manipulative and speculative.....agendas... to investors and Markets for fair play to all.....

lets the market forces decide SE destiny..why not?

all are of the same side dishes...and oligarchs playground. .now diverted to listed company as tobogaan and joyride to moon