Posted by stockraider > 1 month ago | Report Abuse
Sapnrg is a buy loh!
Bailout or no bail out it is a potential few baggers potential mah!
Even if there is no bailout by the govt sapnrg....will go thru the normal restructuring & will come out stronger as most of fats & deadwoods will be trimmed & cleaned loh!
If bailout....there is less efficiency but then they will be huge piggy bank of cash that sapnrg can tap into mah!
There is a big margin of safety hidden in sapnrg mah!
Posted by stockraider > 1 month ago | Report Abuse
Last time bail out no hair cut for banks.
This time bail out got hair cut elements which is positive for sapnrg mah!
Sapura Energy’s group chief executive officer Anuar Mohd Taib said it has received “majority support” from its nine lenders to start negotiations.
“Sapura Energy can no longer sustain its operations under its current debt load, which demands almost half a billion ringgit in interest payments annually. The faster we can restructure our debt, the better,” he was quoted as saying.
The report said the nine banks may have to take a massive 75% haircut under the proposed plan.
As mentioned earlier all the banks will get back some of the loan money on sapnrg restructuring loh!
The quantum indicative hair cut is 75%.....but i think the banks will settle for hair cuts between 30% to 50% loh!
As almost all the loans given to sapnrg are fully provided for losses.....the banks will get positive profit results should the loan is restructured mah!
On the other hand sapnrg should able to gain rm 3b to rm 5b, that will mean 17 sen to 29 sen in write back concession from the bank....still very sizable gain although they mentioned they wanted 7.5b or 44 sen hair cuts loh!
It will go back to 0.035 and swallow half yr money. Bcause it loosing billions and has billions in debt. Later close shop and it will swallow another half of yr money.
A non profits PLC with almost every years losses and 8.9 billions lately and once got 2.7 billions helps and still need bail out is a good investment counter? Then why is that not being informed few years back it is a very good counter for investments as it have valued of 30 billions?
Brent trading at all time high, O&G business will grow eventually, prospect is rich! Investors will jump in. Better to get on the boat now than later and pray counter will survive through national agenda
Whales will eventually push higher towards 15 cents, just watch. Investors are banking in that ruling party will adhere to Najib and Zaidi comments. That’s all it takes
It’s the calm before the storm. For many months Sapura was at 4 cents. Soon more people will join party as they are waiting on news whether Gomen will bail or not.
Sudah tua pun takut, apa bikin ini counter. Wrong counter. Any of the restructing plan or take over ,the news are pretty much positive for Sapura. Just wait.
UMNOlord has abandoned Sapura liao. They have successfully push the price up from 4cents to now 8 cents already 100% gain for them but now left ikan bilis holding at high price.
Sapura's 50% stake in SapuraOMV is value at around RM6b. If I am Petronas, and offering RM0.30 per share. It would cost only RM6b to take over Sapura. I would then approve all the Covid claim and give Sapura more job so it will be back to profit. Keep SapuraOMV and relist the other unit back in a few years. Nothing too lose.
The sapnrg omv Rm 6b value....is due Brent at USD 60 to 70 mah!
Now Crude at Usd 110 should be value at more than Rm 10b loh!
But selling the 50% oil upstream....is just enough to payoff the bank loan loh!
We need good management to steer the business & create wealth to sustain the business for long term success mah!
Posted by jklkk911 > 5 minutes ago | Report Abuse
Sapura's 50% stake in SapuraOMV is value at around RM6b. If I am Petronas, and offering RM0.30 per share. It would cost only RM6b to take over Sapura. I would then approve all the Covid claim and give Sapura more job so it will be back to profit. Keep SapuraOMV and relist the other unit back in a few years. Nothing too lose.
Sapura's total debts currently stand at RM10. 3 billion, and the company is currently undergoing a debt restructuring plan involving banks, vendors and contractors.1 Apr 2022
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....
nicholas99
9,863 posts
Posted by nicholas99 > 2022-05-18 10:24 | Report Abuse
celaka. baby shark go FD liao.