@DatoKembara... on Mabel. She's not anything close as portrayed. She's a very passionate investor. She is not selfish with her research. I dealt with her some 4-5 years back in the Barakah forum.

@Huang...I cannot agree equating price movement with credible news. Bursa is an imperfect market. I took position in Sapura simply because it has consolidated long enough & furthermore at 4 sen it is low enough. Downside movement is limited. I can also many of us here are calculated risk takers.

@Bob... The financial instruments are of face value RM1.00. Let the market determine the value by way of bidding

@Bob... Yield instruments attracts different kind of investors. Financial instruments issued by Sapura must however be attractive & underwritten, given its current poor financial state. It's debt instruments must also be independently rated...

@Bob...converting the outstanding loans to Interest-bearing Preference shares. Or underwritten Interest-bearing long-term bonds to bring the debt level to a more manageable level

The tagine used then was 'saving another Bumiputera company'. This time around too will be embraced by PMX...

@Bob...on your question regarding PNB losing control of Sapura. PNB actually never wanted Sapura. The politicians of the day forced them into it. Their average cost after the rights issue was 80 sens. See the paper loss suffered by PNB as the result of political interference...

It is amazing that the word Haircut can cause so much upset in a few. Why the need to react negatively on behalf of the creditors. Pure taboo? I only know requesting for a 'Mabel' haircut is a no-no.

@DatoKembara... Nice piece on what a turnaround company is. Cheers

@Cipta... I can be brutal in my view but nothing is fixed permanently on stones. I plan to buy some small number of shares but not at this supported level. To me the price downside is greater. Cheers

@Cipta...Please don't be emotional. Sorry to say that you don't understand what a patent means. Furthermore nobody is closing shop here. It's just your accusation. Pharmaniaga is the weakest link here. Nobody wants their sales to turn to become bad debts... Cheers

Sapura is a turnaround company... profit in the last qtr & now new oil strike. Forum participants are way ahead in seeing the new value of Sapura then the over-paid research analyst. The worst is over for Sapura...

Pharmaceutical companies are not legally bound by the Concession, only Pharmaniaga. These multi-national companies are not into Malaysia to do charity or to help Pharmaniaga to fulfil it's legal obligations. Soon, we will know the direction Pharmaniaga be taking...

Selamat Hari Raya Aidilfitri to all. Maaf Zahir & Batin... Rest well

Selamat Hari Raya Aidilfitri to all. Rest well...

By taking Boustead private & the sale of Affin Bank to the Sarawak state government , I believe LTAT have resorted to Fire Sale of its assets to trim the debt level at both Boustead & Pharmaniaga. Don't be surprised if the proceed from the fire sales will be used to re-capitalise both the companies. More fire sales will be in progress but don't expect to read about it, especially now that Boustead is going private.

@pinetree88... You are a good & bold trader. Cheers

@Mabel... You definitely have tons of (Sapura) energy in you... entertaining them. I must adopt your breakfast regime of fresh juice & omelette. It's power-packed indeed. Cheers

@RWG...Pharmaniaga is over-geared. See its Losses & Short-term financial obligations against its capital. Not forgetting it is also starring at another 1.16 millions of its vaccine expiring soon. Pharmaniaga too faces constraints to further borrowings due to BNM's rules. I would say the ultimate shareholder LTAT too hate rights issue.

@understand... Go Buy Pharmaniaga & then tell us your experience. It would be good to pick your experience. Learning experience for us all

The 10 years concession extension is the only superficial lifeline they have to show currently. The hard truth is the company needs strong financial muscles to remain a going-concern entity. Is a Rights Issue, loan stock or bonds in the pipeline? Getting the extension will see the long journey to recovery. Price-wise is anyone's guess.

@Mabel... Way to go. Still full of (Sapura) energy. Cheers

@DatoKembara...Thanks for the info. However, be mindful how it is presented. It can be unpleasant situation if your friend is considered disseminating 'insiders information'. Cheers

Yes, I too believe its a gone case. I am sorry to say this. Come next month when the suppliers received partial payment or none, it's operations will start to crumble. I doubt they have reasonable fund for its working capital. I hope I am proven wrong.

The post by gbt_9428 is either a Fake news or a Draft copy of the rationalisation scheme. Don't buy into it as it is inconclusive.

It's merely an investment decision. No bailout. It's for the Investment Committee to decide if it is time to reinstate Sapura Energy into it's portfolio. Meaningful & honourable way is through the Rights... my take, of course

Back in 2018 EPF exited Sapura, leaving the rescue to PNB. After the 30 sen Rights, PNB average holding costs was 80 sen. It was PNB's disastrous rescue. Today, Sapura is 3.5 sen & I am buying. PNB should invite EPF back & I hope EPF will have a change of heart.

Bob, you have just said buying at this level 3.5 - 4.0 sen is a Good Buy (Not Bye) despite the impending share consolidation. Right Issue will follow. To make the Rights attractive, the underwriters will have to push the price up North. What are you waiting for?

My take, I classify both of them as professional Crooks. They rip the company dry. I have no respect for them

Whoever supporting this counter is not using it's own money. At this level 30 sen I stay away...

Yes, April Fools to the non-believers. Sapura's debt is a discounted news. In a trade the debt weight is not an issue. Furthermore Sapura's bad days are almost coming to an end. Cheers

Let's enjoy the run on PN17 counters... Barakah being one. No companies will be de-listed the next 12 months. We have Covid-19 to thank for. Cheers

@investortrader88... Joining you in your Huat cry...

@Mabel... Good that you are back. Its always a pleasure reading your post. Cheers

@Happy3933... Yes, it was worth the wait though it is definitely a long & tiring wait. Don't forget to realise your dream... Cheers

@Newbiesky...I would say Yes. Cheers

@Happy3933... Pretty long wait, isn't it? The dream came at last... Cheers

@edwardkuah & @Vjaa3964...I agree with you guys. Barakah is holding well. Let us all together enjoy the sweetness of the harvest. Cheers

@Happy3933... another season of Black Thorn. Hopefully the taste will be much sweeter. Good for you. Cheers

My take for the sell-off... T+2 effect.

@investortrader88... Your motivation too never vain. Good for you. Its good to read your post on @Happy3933. Cheers

@Happy3933... It definitely have been a rather long wait, my silence too. Good to be back. Cheers

@Macho008...@Happy3933 is a great guy in this forum. We go back many months ago. The talk about owning such cars are just motivational amongst ourselves. Barakah has been asleep for quite a while. We were all caught in this counter. It never crossed @Happy3933's mind to look down on anybody as opposed to what was interpreted. Cheers

@Fabien...the so-called Efficient Capital Allocater are only found text books. You live in a world full of theories. In that respect, our measure of a great companies differs greatly from yours. You are here merely to sell your product... Try elsewhere. Maybe you have better luck

@scwmike8... Ha ha... a real Jinjang Joe.

If my memory is right, it's Feb 6... Cheers

@scwmike8... You probably have not heard of the places I am travelling through except London. Nobody will blame you for that. I, for one will not blame you. Pity you...

@scwmike8... I was in London last week. I am now in York. Tomorrow I travel to Edinburgh. In a few days time, I will be in Bath. I am here for the CNY holiday... It's a wonderful holiday. Thank you for asking. Cheers

Gong Xi Fa Cai to all... & enjoy your Réunion dinner with your loved one. Cheers

So many de-listing CLOWNS around...