The westport share price up to the moon when he become CFO

The latest CFO is specialist for corporate finance restructuring

-0.13 after selling OMV

Now NTA is -$0.13 instead of $-0.23. So if you can raise right issue of $0.13 per share then this counter should expect to get out of PN17 status without white knights needed

It is not true from business operation about this counter. The book order received from last quarter of 5b increased to latest announcement of 6.6b. A very impressive number. Some more the cash flow position is also equivalent to nearly $0.09 per share. So they are doing good business project and now they only need to swap the debts through regulatory channels to clean balance sheet figure as like AAX and Capital A debt swap. It takes time but any invested investors can’t wait must invest somewhere n not here

After OMV to settle part of the creditors agreement and left 8b debts according to the Edge article , within 8b debts only 4b needs for recapitalising through potentially swap shares or other capital options. The order book is increasing from 5b to 6.6b, the BIMB research house may be right of targeted share price 0.06 instead of 0.02 from RHB research house recommendation

https://theedgemalaysia.com/node/709050

The deal looked like fair price. Previous deals was US$903-$350=553, now is US$705.3-175=503.5 under desperate conditions to settle borrowings with keeping working capital around RM300m.
Now it turns out cash in the company is 1.45b+300m=1.75b equivalent to nearly $0.10 per share for the working capital

Yesterday new IPO Keyfield with only 600m book order and around 10 ships compared to Sap 6b from previous quarter 5b by increasing extra 1b order book this quarter and around 10 big ships with already fully depreciated value also can fly up to $1.95!!!

Reduced debts by $2.2b from $10b with another cash at hand $1.45b. If raise through right issue 1:1@0.40 then no more debts Am I right?

Quarterly reports will come out in the end of this month

As SinGor said it is likely to be true, profit is expected good, especially gaining from exchange rate

https://theedgemalaysia.com/node/702471

Then $903m will share between sapura energy and OMV as well loan reducing according to the percentage of joint venture

TotalEnergies paid US$903m(including loan of $350m) to OMV to acquire Sapura OMV

TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent natural gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV). Sapura OMV is the joint venture between Sapura Energy Berhad and OMV.

It is a deal of US $900m, not RM$900m

Nothing to do with current UEM. It is a dispute between politicians

I think SC should review PB broker license quality as they tried to misled public again n again and misled market confidence with such good management in UE after UE replaced new management