Posted by 8888_ > 2022-05-30 18:43 | Report Abuse

Profit >RM 500K.

Posted by Understand > 2022-05-30 19:10 | Report Abuse

Feel so pitifull for Dicky, his Airasia total lost. Now he keep changing profile , the admin keep blocking him.

Posted by Understand > 2022-05-30 19:13 | Report Abuse

Years from now some young chef will come and wondering , why this boy name is Dicky999.

Posted by kyliew > 2022-05-30 19:16 | Report Abuse

Pihak dibelakang semua sandiwara ini x jadi makan Sapura sbb ada rintangan dari Bossku... Wakaka...

Posted by kyliew > 2022-05-30 19:19 | Report Abuse

Betul x kroni "apa nama"?

Posted by 7chewe > 2022-05-30 19:58 | Report Abuse

Sabra Energy plans to sell assets to improve finances
Orientaldaily Mon, May 30, 2022 07:45pm - 10 minutes


KUALA LUMPUR (March 30): Sabra Energy (SAPNRG, 5218, main board energy stock) announced that it has signed a memorandum of understanding (MOA) with Safeen Feeder to sell pipe-laying and lifting oil for US$71.5 million (approximately RM312.85 million). ferry.

Sabra Energy said in a press release that its wholly-owned subsidiary, Sabra 3000, sold the assets to Safeen Feeder. The latter is an Abu Dhabi port company.

The company noted that the sale of assets is part of a restructuring plan to improve its financial position. Sabra Energy expects to close the transaction in mid-July this year, and the proceeds from the sale of the assets will be used for working capital and debt repayment.

Sabra Energy closed at 8.5 sen, up 0.5 sen or 6.25%, with 139.14 million shares traded, making it the third most popular stock.

https://www.orientaldaily.com.my/news/business/2022/05/30/489810

Posted by watermark > 2022-05-30 19:59 | Report Abuse

Maybe that’s why DS Najib extra-ordinarily wanted gov to assist Sapura so much.

Posted by 7chewe > 2022-05-30 19:59 | Report Abuse

Sapura Energy Berhad wishes to announce that its wholly-owned subsidiary, Sapura 3000 Pte Ltd has entered into a Memorandum of Agreement for the disposal of its vessel, known as Sapura 3000 for a total cash consideration of USD71,500,000.00 (equivalent to the sum of RM312,848,250.00 at today’s rate of exchange of USD1 = RM4.3755) (herein after referred to as the “Proposed Disposal”).

Posted by watermark > 2022-05-30 19:59 | Report Abuse

@kyliew

Maybe that’s why DS Najib extra-ordinarily wanted gov to assist Sapura so much.

Posted by watermark > 2022-05-30 20:01 | Report Abuse

https://www.themalaysianinsight.com/s/383992

Posted by cashflow > 2022-05-30 20:28 | Report Abuse

I feel bad they had to let go their prime asset.

Posted by Mabel > 2022-05-30 20:31 | Report Abuse

#7chewe Sabra Energy plans to sell assets to improve finances
Orientaldaily Mon, May 30, 2022 07:45pm - 10 minutes

chewe can you clarify is Sabra = Sapura?

Thanks!

Posted by Mabel > 2022-05-30 20:33 | Report Abuse

It's certainly good news.

This morning Mabel collect more at 8 sen. Even this trade Mabel already made more than 6%...

So happy...

To Our Success !

Meow Meow Meow

Posted by nicholas99 > 2022-05-30 20:35 | Report Abuse

No prime asset. Still worth money ka?

Posted by EVO118 > 2022-05-30 21:00 | Report Abuse

Sapura Energy disposes pipe-laying and crane vessel for US$71.5mil.
https://www.nst.com.my/business/2022/05/800845/sapura-energy-disposes-pipe-laying-and-crane-vessel-us715mil.
Hope they make the right decision, not a decision base on their need for cash. Might be like cutting off the hand that brings in the money. They should cut the exorbitant Directors pay, absolute waste of money. At least this is cost cutting NOT cutting your hands off.

Posted by Godofgambler > 2022-05-30 21:10 | Report Abuse

Ini kali lah!!!!!!
Petronas hungry to take over!!!

Posted by EVO118 > 2022-05-30 21:25 | Report Abuse

The amount of $$$ that the Directors have been paid over time is absolutely obscene. Heads should roll, they should all be replaced. Some of those big institutions that approved their pay should have another assessment of their decisions.

Posted by Understand > 2022-05-30 21:26 | Report Abuse

Finally 'tou san' appears. Seems like Sapura is heading the right direction.

Posted by Understand > 2022-05-30 21:29 | Report Abuse

I think good move to downsize abit. To big sometimes difficult to manage. I think sapura 3500 can do the similar work. Let me check.
Just do business at the size that is profitable.

Posted by bigprice > 2022-05-30 22:15 | Report Abuse

Everyday have news. Restructuring + Support from government + high level people involvement + high oil and gas price+ election play = worth to watch.

Posted by 7chewe > 2022-05-30 22:19 | Report Abuse

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2022/05/30/sapura-energy-jual-kapal-bernilai-rm312-juta/

Sapura 3000, sebuah kapal pasang paip serba boleh, mampu melaksanakan projek laut dalam dan cetek, dibina pada 2008 dan kini belayar di bawah bendera Malaysia.

Pada 16 Mei, bekas perdana menteri, Dr Mahathir Mohamad, berkata usaha perlu diambil bagi mengurangkan kerugian ditanggung Sapura.

“Sapura telah berkembang dengan cepat tetapi kita tak tahu macam mana dia boleh jadi rugi begitu besar. Jadi pelabur-pelabur sekarang ini akan rugilah.

“Jadi, apabila rugi kita perlu cari jalan untuk kurangkan kerugian. Tapi bila orang gagal, kita ‘bailout’. Ini bukan perniagaan. Dalam perniagaan ada masa kita untung, ada masa kita rugi,” katanya memetik laporan Sinar Harian.

Posted by Mabel > 2022-05-30 22:27 | Report Abuse

#EVO118 The amount of $$ that the Directors have been paid over time is absolutely obscene. Heads should roll, they should all be replaced. Some of those big institutions that approved their pay should have another assessment of their decisions.
30/05/2022 9:25 PM

This is already history EVO118..

PNB and MOF will not make the same mistake again so does the Shareholders. This is one of the reason why Mabel sold Sapnrg in 2019..

Now it's another chapter...like superlimit88 said kita simpan untuk masa depan. Right Now Sapnrg is like a Chicken, one day it will fly like an Eagle...that's why Mabel is still accumulating while it is still a chicken...

Trading is about Capital Gain while Investing is more Focus about Generating Income (Capital Gain, Bonus Issues and Dividend).

Sapura Energy is still on Accumulation Mode (same strategy as our FGV). So Mabel will continue to Buy on Dip.

For Serba since Mabel is having the 2019 WA Free Warrants and has profits in the 2020 and 2021 rally, Mabel's strategy is to Buy the mother shares on Break Out or when it dips to Mabel's target price...the same strategy with Sapnrg

Mabel usually allocated 20% of Mabel's capital for this type of potentially Multi Bagger engagements. Usually with Spare Cash. Since early this year, Mabel’s Biofuel Plantation are doing great and most of Mabel’s Fossil Battleships, Super tankers and Jet Fighters are equally great. So Mabel can wait and not in a hurry to sell. To be honest Mabel actually don’t know what to do with these spares cash...hahaha

To Our Success

Meow Meow Meow

Posted by PunTatBerSiul > 2022-05-30 22:32 |

Post removed.Why?

Posted by Godofgambler > 2022-05-30 22:50 | Report Abuse

Assets sold
Cash is King
Cash earn cash earn cash

Posted by Understand > 2022-05-30 22:55 | Report Abuse

Tou San, please enlighten us , is that a A card or 2 of spade.

Posted by HopusCopus > 2022-05-30 22:56 | Report Abuse

Now timing is near to GE of course Uncle Sam will try to save some fixed deposit voters ...my verdict, BBBBB

Posted by izoklse > 2022-05-30 23:14 | Report Abuse

Alhamdulillah. Good Job Sapura. Now with this small step by selling of assets will send a direct message to MOF and Creditor that Sapura is very serious in addressing its major problem and this will be the first shockwave that will wake everyone ups in the industries that Sapura now on its path of major restructuring.

Posted by soon2795 > 2022-05-30 23:31 | Report Abuse

https://www.theedgemarkets.com/article/mof-inc-could-step-finance-sapura-energy

Posted by Mabel > 2022-05-30 23:32 | Report Abuse

PunTatBerSiul PASTI MUFLIS!
30/05/2022 10:32 PM

Haha Dick

How many Dick you have actually?

Some time Mabel see 2 sometime Mabel see 3..sometime Mabel see 4..

You paper trade with your Dick ke?

Hahaha now you lose all your Dicks..

Stock: [FGV]: FELDA GLOBAL VENTURES HOLDINGS BHD

May 25, 2022 12:09 AM | Report Abuse

Still better than your 20 sen cumming forecast..

FGV just buy and forget..

Everybody loves Mabel Oil..

Meow

Posted by Loh Kok Wai W > 2022-05-31 06:54 | Report Abuse

good news caming soon.

Posted by Depeche > 2022-05-31 07:43 | Report Abuse

9th June is around the corner....MOF better not
u-turn... churn the numbers and offer a fully committed assistance scheme that will ensure revival of SE's financial health....SE mgt better dun think of huge Directors' fee for years.....till SE reports steady profits and clear all loans first.

Posted by bullmarket1628 > 2022-05-31 07:46 |

Post removed.Why?

Posted by cashflow > 2022-05-31 07:48 | Report Abuse

Strange PNB approved the sale of Sapura 3000 despite the sentiment of MOF to provide assistance package.

Posted by imvu > 2022-05-31 07:49 | Report Abuse

hijau ?

Posted by Understand > 2022-05-31 08:06 | Report Abuse

Imvu how come your profile pic is a ❤️. I see red scad la.

Posted by watermark > 2022-05-31 08:15 | Report Abuse

It’s good the business moving in the right direction. Should be tandem with the share price later or sooner.

Posted by watermark > 2022-05-31 08:20 | Report Abuse

Now all set for the much anticipated news. 9th June is getting closer.

Posted by watermark > 2022-05-31 08:21 | Report Abuse

=))

Posted by bullmarket1628 > 2022-05-31 08:22 | Report Abuse

OTHERS Sapura Energy Berhad - Proposed Disposal of the Vessel, Sapura 3000
Sapura Energy Berhad

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3263783

Sapura Energy Berhad wishes to announce that its wholly-owned subsidiary, Sapura 3000 Pte Ltd has entered into a Memorandum of Agreement for the disposal of its vessel, known as Sapura 3000 for a total cash consideration of USD71,500,000.00 (equivalent to the sum of RM312,848,250.00 at today’s rate of exchange of USD1 = RM4.3755) (herein after referred to as the “Proposed Disposal”).
 
Please refer to the attachment for further details of the Proposed Disposal.
 
This announcement is dated 30th May 2022

Posted by bullmarket1628 > 2022-05-31 08:24 |

Post removed.Why?

Posted by sailang_now > 2022-05-31 08:30 | Report Abuse

From boom to bust
...will selling its prime assets helps??? https://www.theedgemarkets.com/article/cover-story-boom-and-bust-how-sapura-energy-got-mess-it

Posted by apprentice > 2022-05-31 08:45 | Report Abuse

So now you know why Petronas, PNB and MOF reluctant to save Sapura?

Posted by EVO118 > 2022-05-31 08:46 | Report Abuse

"High salaries and related-party transactions
From FY2013-FY2022, Sapura Energy paid out total dividends of RM480 million. But huge salaries, incentives and payments were made out to Shahril and his vehicle Brothers Capital Sdn Bhd (co-owned with his brother Datuk Shahriman Shamsuddin), which wholly owns Sapura Holdings Sdn Bhd, which in turn now owns 12.82% of Sapura Energy.

Shahril drew huge remuneration and incentives from FY2014 onwards, even as the company posted losses from FY2016. His annual remuneration and incentives were between RM71.9 million and RM89.4 million from FY2014 to FY2018 (see Chart 4). His total income from FY2013 to FY2021 was RM443.9 million, or an average of RM49.3 million per year for nine years.

In FY2016, when Sapura Energy posted its first post-merger loss, Shahril’s remuneration was still a whopping RM83.4 million, down only marginally from the RM89.4 million in FY2015 when both Sapura Energy’s profits and his remuneration were at record highs. In FY2018, the company posted RM2.5 billion of net losses, but his remuneration was still a whopping RM71.9 million."


"In total, excluding the related-party transaction office rental, we estimate Shahril and Shahriman’s Sapura Holdings received RM1.17 billion from FY2013-2021, comprising RM444 million in remuneration, RM296 million in IP rights and trademarks, RM350 million from the SapuraCrest-Kencana merger cash distribution exercise and RM79 million from dividends (See Table 5).

In comparison, all shareholders (excluding Shahril and Sapura Holdings) received just RM401 million in dividends. To cut a long story short, one single shareholder received three times what was paid to all other shareholders.

This amount of RM1.17 billion received by Shahril personally and with Shahriman’s companies, is equivalent to a hefty 9.2% of Sapura’s total Ebitda of RM12.7 billion earned over the past 10 years."
https://www.theedgemarkets.com/article/cover-story-boom-and-bust-how-s...

Posted by henry888 > 2022-05-31 08:50 | Report Abuse

That is why cannot rescue, is only good for politicians' cronies like the old man did in MAS.

Posted by cicakman > 2022-05-31 08:55 | Report Abuse

It is ok if he want to take back 49 millions if Sarpng make few billions profit.
Rugi besar pun dia tetap get miliions and millions.
Very obvious don't care about others cz thinking gamin behind and can help.

Posted by PunTatBerSiul > 2022-05-31 08:59 | Report Abuse

Reduce staffs by 75%

Posted by cicakman > 2022-05-31 09:31 | Report Abuse

Last in First Out- Young
First in First Out -Oldi
75% reduce staff does not meet jaybon objective for all kings but will
only benefits vikings.

Posted by EVO118 > 2022-05-31 09:33 | Report Abuse

Market not impressed. Looks like it needs more news to get at least another piston firing.

Posted by Legend > 2022-05-31 09:38 | Report Abuse

Memang penyamun...haha

Posted by zhm540 > 2022-05-31 09:46 | Report Abuse

look like a very long wait, if it is even going to go up...better look at pworth dulu lah... at least the company is making money and in better position for election fund