Not yet cakap no hope leh. Bossku will pursue the bailout leh. Now Rafizi vs Bossku getting more interesting leh. Both side want to use sapnrg case to increase their popularity leh. Correct?
Tobby
Basically no hope! The professional team seems to lost it! Up to Petronas to savage but i think they won't! It is what it is! Close shop!
Long story lah. Pasal many sinkalan at TopGlove there cakap Topglove will be lost QR insolvent in 2022 masuk PN17 and Ular tunggu it to happen sampai leher pun panjang macam zirafah pun takda happen lagi lah. Actually the penkritik there cakap Taikor will pecah rm2.00 cakap from dec 2021 to jan to feb to march 2022 baru pecah rm2.00. Ular tunggu sampai leher pun panjang macam zirafah lah. Correct?
Understand
Ular sawa how come your profile picture is a Zirrafe instead of a Snake.
1 hour ago
i3lurker
thats because the Snake is inside the Giraffe stomach
SINGKALAN: Former prime minister Najib Razak says the oil and gas company was able to reduce its total debt from RM18.5 billion in 2017 to its current RM10.3 billion.
Bossku cakap one is true leh. After RI n divestment of 50% oil asset to omv group lah. Part of PNB plan to bailout Tiger Bank also lah. Left pocket go to right pocket leh. Fund raised to pay back the banks also leh. Thats the plan mah. Shareholders dapat nothing. Only dapat saham harga sekarang after paid high price to subscribed the RI. Correct?
investor2021trading
SINGKALAN: Former prime minister Najib Razak says the oil and gas company was able to reduce its total debt from RM18.5 billion in 2017 to its current RM10.3 billion.
That time Mokhzani n King Shahril not in very good term. Pasal it baru divested all his saham. Maybe he also can see sapnrg no future leh. Now proven he ada hindsight leh. Correct?
Disposal of sapuraOMV 50% worth ( 2019 sold at 3.8 billion when oil price 70usd) current 105usd can raise 5.7 billion and can settle bank loan 2.6 billion = surplus 3.1 billion and pay outstanding vendors = 1.5 billion nett balance in cash = 1.6 billion use for working capital.
PETALING JAYA: Former prime minister Najib Razak insists that the government offer a loan guarantee to Sapura Energy Bhd in order to save its oil reserves from falling into foreign hands before its full potential can be realised. He said the company’s subsidiary, Sapura OMV, owned oil and gas reserves of 264 million barrels with a gross value of RM110.8 billion.
If the subsidiary is put up for sale, as is being speculated, Sapura’s joint venture partner OMV of Austria, would likely be the first choice buyer as it already holds a 50% stake in Sapura OMV with the remaining 50% held by Sapura Energy.
This is why I urge the government to offer a loan guarantee to Sapura so that the oil reserves remain in Malaysian hands,” he said, giving as an example a RM500 million guarantee granted to AirAsia last year. Alternatively, the government could direct Petronas to take over ownership of Sapura Energy, he said. Sapura OMV operates oil fields in shallow Malaysian waters. Najib said the sale of highly valuable long-term assets to solve short-term cash flow problems was unreasonable and detrimental.
SapuraOMV owned oil and gas reserve RM 110.8 billion, Sapura owned 50% while Austria company owned 50% bought from sapura in 2019 for RM 3.8 billion when oil 70usd
Time to let the banks to vomit out the money earned so far from interest collected. Haircut 75% is reasonable lah. Win Win for all lah. No need to get gorment bailout again and become a laughing stock if it happen. Let the banks do National Services for once again. Save Sapnrg and save Bumi company and thousand of workers. Selling some asset is unavoidable leh. Boleh?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DickyMe3
658 posts
Posted by DickyMe3 > 2022-03-31 18:32 | Report Abuse
As a last resort to safe image, this stock may undergo acute compression of 1 :16 consolidation.