Sapura has always been service provider for O&G. They then went upstream looking for bigger fish, but cannot survive the vicious current upstream. Now they're focusing back on their core specialty of providing services to the big fish.

So, which major fund holds Capital A? What about the share price? End of last year, Tony boasted that PN17 is done deal & price shot up. All hot air. Now he's talking about selling away the profitable businesses & price came down.

So many people so angry today 🤣🤣. This is PN17 company, no fund will touch it, unless PN17 is lifted. That's the only news that matter. No point getting mad, just sell everything and go away, or keep until PN17 is lifted.

Don't need to go to court for OMV

They have court this morning at 9 am. Just relax & wait

Look at the list of cases this morning at KL Commercial Court.

Suspension full of suspense....

Beggars have to appear poor 😉

People here don't read. MCF 10.8B, trade creditors 1.5B.

Nikmon, this 1.5 billion is after debt adjudication exercise is done. Basically the 5 billion is what was claimed, but only 1.5 billion is actually proven as the debt to vendors.

Doesn't matter Nikmon. Approval-in-principle means that the 25% will be forced to accept.

Nikmon, there is currently a CDRC (under BMM) mediated negotiation and court order stopping any action on SAP. Bursa have to wait for the big boys to be done first before they can pounce.

Relax. Even if Bursa suspend, RO still in place. The courts have final say whether to wound up or survive.

Sapura is under Bursa, not wall street

CDRC is under Bank Negara

Last CDRC mediated meeting was in August. There was a jump in August from 3.5 to 6 cents. There has been no more meeting after that. Just wait and see.

I3lurker, the debt securities will only be converted to shares after 3, 5 & 7 years. Not immediately

SSLee, the proof of debt exercise only validated RM1.5B vs. earlier claim of RM5B. Any insight on why such a huge difference?

Everyone should relax. Money is not everything. Learn to be content with or without money. If you lose money, learn and do better next time. If you make money, be thankful and donate some of it.

I'm amazed with people in this forum. If you see disturbed people on the sidewalk talking rubbish, you leave him alone. Here many people entertain disturbed people 😂

I think Bob is mentally disturbed. Lesson to everyone, money is not everything. Even if you lose all your wealth, be positive & start again. If you lose your mind, all the money in the world has lost its meaning.

Bob, waterfall always come down. From 3.5 sen to 5.5 sen is up, not down. Do your victory dance when we get back to at least 4.5 sen.

Bob, if I don't see you again after this, it's nice knowing you 👋

Elaphe, make sure you keep your story straight. Sometimes you have millions in shares, sometimes you're lucky that you don't have any. Be consistent

The announcement didn't mention the date when they managed to restart the pump. Trying to hide the fact that they hid material facts from investors?

Sense maker, how can you ascribe a fair value on your investment when information is hidden from you?

Enquest already said that the pump has restarted. By keeping this news to themselves, BA is withholding information that has a material impact on the performance of the company. This kind of information asymmetry is easily manipulated. Our Bursa then becomes a corrupt organization where 'who you know' will give you an edge

These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums

Thanks for sharing Mr Lee. It's quite perplexing that this info is known to regular forumers here and at Enquest, yet there is significant sideways trading happening. I would assume people will just stay still until the restart is officially announced 🤔

Like I said earlier, I believe Bob will not honour his words. Hiding behind technicalities to hide his humiliation

For those worried about 10 bil debt, read this first:
https://theedgemalaysia.com/article/cover-story-edge-says-should-sapura-energy-be-rescued-and-whom

SE already paid RM 6.4 bil in interest as of last year. Banks already made some money. Now is just main tarik tali. Once the 2,000 contractors adjudication done, banks will be pressured to settle with SE so that the contractors can get their money and not wait another 9 months

I would suggest people not to get too excited. SE will trickled feed us news every week. Imagine if suddenly they announce OMV sold for RM X billion, what will happen? Then announce good qtr, later announce SOA done, then give some more rumours. Might give you heart attack if you're too excited.

Like I said yesterday, today there is a lot of excitement in this forum 😂. So many people blabbing nonsense

I don't think Bob will honour his words

The drawdown from US strategic petroleum reserve will end at the end of this month. Interesting to see what happens next

The news will start trickling out from here on going forward until they announce the agreed deal. In the meantime, there will be a lot of entertainment here in this forum 😀

The orders announced are mostly ongoing, meaning that the announcement has been delayed. Quite possible now that a deal has been agreed upon, there is no need to portray SE as a company in deep trouble to have better bargaining position. All paper losses can be reversed if this is true

Nicholas, creditor has seat in the board. They don't need to wait for quarterly report to know what's going on in the company

The 9-month extension matters to the O&G players who are owed money by SE. They already pushed PM for their money, now have to wait at least 9 more months?

The 9-month extension is quite interesting. The previous extension was just 3 months. I was expecting another 3 months

Judi is for entertainment, not to make money. Sometimes you make money doing judi, but it's still just entertainment, only makes it better.

Lots of ego in the chat. Having big ego while doing trades is bad. You'll definitely make mistakes in some of your trades, but your ego will make you blame others and not learn from your mistakes.

C'mon Elaphe, start the attack!

Please use another modus operandi. This new account pretending to be a newbie is getting old. We need better entertainment

So much time to waste...

Why do you keep asking people for free lessons Huang? Nothing is free in this world, you need to pay or do your own homework. Don't be lazy.

Ok I give 1 phrase: viability as a going concern

Sorry Huang, I don't give personal lessons

People have difficulty understanding why getting a haircut is easier for big amounts of loans vs small amounts. Bankers earn their money from profit & share price appreciation. Having to liquidate is bad for their bonus, better to restructure & continue BAU. In the end, they know how much of the 10 billion is principal & how much are profits, penalties & other charges

Understand, I'm just giving perspective to what 10 billion means to banks. I'm here just to be entertained