But no institutional sellers today

It seemed a lot of selling from retailers

It is -0.20 and -0.23, please the report as I overlooked to put -

This quarterly report showed huge losses but the NTA improved to 0.20 Sen from 0.23 and cash flow remained resilient to 1.8 b, excluding 2.5b of latest disposable company. Overall we still have hope to take the risk of return

After paid off sukuk to MAYBANK and MAYBANK is a key sponsor of sukuk that will able to give new sukuk facilities to SAP again . PNB is a majority shareholder of MAYBANK so hopefully they both can work together to let SAP survive

Indeed SAP has so many valuable assets after depreciation turned into zero value

10.97-2.5=8.++b, term loan is around 4.5b. MAYBANK will be beneficial party to reduce the sukuk package with higher interest rates. SAP will save a lot of interest expenses on this deal. The rest of the borrowing should be done on the pledge package for the working capital and the cash at hand is 2b. We should expect a healthy restructure scheme under this new chairman who is corporate finance experienced compared to previous chairman is good for management and administration. As mentioned the suppliers under scheme should receive equity-like payments. Hopefully minority shareholders will gain from this scheme

NTA is -0.13 instead of-0.19. In terms of value, it increased around 1.1 b. The debt immediately reduced around 2.5b and it didn’t say how much outstanding debt liabilities left in the balance sheet after sold this net asset sold

It seems maybank is a huge lender to SAP of course asked 3 Sen to unload to their vested interest account

I believe if we let this kind of negativity mentality reporter to manage this company surely delisted

This report creates a lot of doubt and looked down on the management quality without giving the management opportunities on the double meaning as reported

I believe they need extra 10% of outstanding share issue of $0.10 value will overcome the working capital needs and hopefully white knight will come into the picture

Invest in SAP is taking of risk with potential high reward of the latest new selected management to be able to bring value to the company and manage the outstanding loan into manageable level except oil price plunge. Overall the loan to cash ratio is improving a lot

I suspect someone is acting on behalf of the operator team to spread nonstop negative topic here to push down to collect share back. It is potential trap

Mabel brought a very good concept of investment risk. It will be too late if you still do not acknowledge the fortune u can make from Sap. The account was so complicated to understand and the only way is to take a look on the management profile background. The new management is potentially to turnaround the ship as Sap is appointed a specialist of corporate finance background to be on board of directors, u go find out yourself. The borrowing amount can be overnight turn into affordable loan outstanding. To our success as Mabel said

Anuar called for interviews with Star Media as he knew he would step down. It indicated the way of his management and promised on behalf of company about the future. Will the new CEO carry his promises? The coming CEO is a proxy of PNB interest. What u expect he will do for the company?

5354 is very greedy and unethical person. Sponsored trip must ask for return of something

call off contracts can be more expensive to set up and administer than traditional fixed-term contracts. And SAP awarded through this type of contract should expect profit margin is higher based on unit rate to claim their work as revenue

Very positive views on the long term outlook. For anyone who wants a short term gain is better for other counters

After receiving approval from AGM if PNB agrees, we hope a positive outcome for the shareholders

Do you know why Michael can be investigated by SC of his insider news or spreading rumours of false information if lodged a complaint?

He simply quoted as everyone knows that this counter currently incurred at a loss with continued huge profit for last three quarters by simply saying 50 to 1 or 20 for 1, then right issues 3 for 1 or 10 for 1 to create market panic. SC should stop this kind of nonsense. So Michael is still very loud and doesn’t know the consequences.

Michael KOK simply spreads misleading rumours which are offended to SC rules. Someone should forward his insider news for sc to investigate

Whatever anyone provided conspiracy theory, the operator unloaded shares after 2.30 session

Better winding up sapura holding as fast as possible then SAPNRG can remove the outstanding liability from them and clean backlog. Hopefully someone can follow up about holding company latest court order

No force selling for yesterday and today with so heavy shares due, who picked up?

The announcement to replace company secretary and removed old one is a good sign to the company future in term of share price performance

If u buy from seller when someone tell you to buy, the sellers are 68. When share due and want to sell back, the butcher buyers are 68 also

Good point and asking the opportunists don’t come over. So far a group of players from AffinHwang (broker code 68) enjoy making profit within half a cent which is more than 12% profit. If you no holding power, please don’t buy sell

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY") SALE AND PURCHASE AGREEMENT ("SPA") BETWEEN NUSAJAYA HEIGHTS SDN BHD ("NHSB") AND SUN SAKURA SDN BHD ("SSSB") FOR THE SALE OF 538 SUBDIVIDED PLOTS (FORMERLY KNOWN AS PART OF HS(D) 580319 PTD 208515) IN MUKIM PULAI, DISTRICT OF JOHOR BAHRU OR ISKANDAR PUTERI, JOHOR FOR A TOTAL CONSIDERATION OF RM86.4 MILLION SIGNED ON 19 MAY 2023 ("ISKANDAR SPA 1")


Next quarter should announce from this result

Thank you so much to share your information and now Bcorp chairman is no more Tan Sri V Tan

Good news should come gradually

After AGM, the newly appointed Directors and management can make decisions on new policy and strategy for the restructuring process

RM$1.3m can buy all the 4 Sen outstanding positions, so operator doesn’t want to take action and waiting some positive news leaking out then see how. July quarterly results will surface before the end of September. Now 😴😴😴

He is not Goreng King and he does a lot of charity work, including share price up for investors to unload or make profit

Vincent Tan is no more as a Chairman of Bcorp. He is just an investor only

This amounts of loss is Peanut for PNB

It is a good move

If the disposal was not for ma-chai, then it was intended for PNB to reshuffle the unit trust holding by the Amanah Saham Bumiputera portfolio to avoid any confusion during the restructuring period

100m shares only worth 4-5 million ringgit

Syndicate bought to position for trading in future if good news comes out. So far 9800 shareholders are holding 94% of total shares. Not much shares in the market

9800 shareholders are holding 93.8% of shares outstanding. No wonder it is very illiquidity

As counted from latest annual report, Sovereign Wealth Funds 41.96% plus Shamsuddin group 12.07%. Total 54.03% under two substantial shareholders, where the Mabel?

I also suspect the best deal for this creditors is the preference shares to solve the outstanding debts

Good news why investors keep selling

KUALA LUMPUR: Sapura Energy Bhd was the most actively traded stock on the market today after it said it secured Petroliam Nasional Bhd's approval to sell its 50 per cent stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$530.3 million.

Some 75.9 million shares changed hands in the first hour of trading.

The stock hit a high of 5 sen before settling at four sen.

Its 52-week high was seven sen.

In a filing with Bursa Malaysia Securities on Tuesday, the company said on June 10, 2024 it received the approval from Petronas for the change of ownership in SapuraOMV of production sharing contracts for SK310, SK408 and SB412 with effect from Jan 1, 2025

The approval states that Sapura Upstream Assets Sdn Bhd is to complete the proposed disposal simultaneously with the divestment of OMV Exploration & Production GmbH's shares in SapuraOMV to TotalEnergies no later than Dec 31, 2024.

If the transactions are not completed by the said deadline, Petronas reserves its rights to revoke the approval. Sapura Energy said any effort to continue with the proposed disposal after the deadline shall will be as a new separate transaction which shall be subjected to Petronas' written approval.

Who collected this shares today will make a fortune

If creditors accept hair cut then they can take the money to make back from some where, or they refuse and demand more then all will sink together

It is stipulated in the Approval that Sapura Upstream Assets Sdn Bhd is to complete the Proposed Disposal simultaneously with the divestment of OMV Exploration & Production GmbH’s shares in SapuraOMV to TotalEnergies Holdings SAS no later than 31 December 2024. If the transactions are not completed by the said deadline, PETRONAS reserves its rights to revoke the Approval. Any effort to continue with the Proposed Disposal after the said deadline shall be considered as a new separate transaction which shall be subjected to PETRONAS’ written approval.

It is company announcement today as my opinion that creditors may have to accept hair cut for company on going concern practice, otherwise the deal of OMV may call off under new corporate exercise arrangement.

$112 per square foot =RM144.9m
Super good profit

CDRC extended to next year means the creditors may see after the asset selling and demanded more money that turned out the deal can’t complete, perhaps MCF should ask the creditors with hair cut instead of let creditors for further demanding then only can have win win situation for the company to have future performance