Posted by BobAxelrod > 2022-06-06 09:16 |

Post removed.Why?

Posted by cicakman > 2022-06-06 09:17 | Report Abuse

2019 given Brim RM 2.68 billions.
2020 lost again RM 4.56 billions.

***All the sudden for just "a"( ONE )quater, the 4th quater loss RM 6.61 billions.

Apa dia org buat tiba2 rugi RM6.61 billions dlm masa 3 bulan.
1 quater 3 months,so NO one notice on monthly basis.
What those finance ppls doing?

Sempoa calculations.

Total losses RM 8.90 billions.
Minus RM 6.61 billions for 3 months.
RM 2.29 billions for 9 months.

Posted by BobAxelrod > 2022-06-06 09:18 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-06 09:30 |

Post removed.Why?

Posted by cicakman > 2022-06-06 09:34 | Report Abuse

How MOF want it,when to announce let them decide.
WHAT THEY WANT TO ANNOUNCE IS MOST IMPORTANT TO MINORITY,SHORT TERM AND
CONTRA KAKI'S .IF GOOD OK LARRR..IF NOT IN FAVOUR MATI LARRR...

Posted by BobAxelrod > 2022-06-06 09:37 | Report Abuse

Announcement must be before 10th June...after bankruptcy........undischarged bankrupt, what for announce financial package?
Players get skewed.......still think they can get away with profits?

Posted by cicakman > 2022-06-06 09:41 | Report Abuse

Carefull with hantu bungkus and hantu gulung.

Posted by cicakman > 2022-06-06 09:52 | Report Abuse

It's THE FINAL COUNTDOWN.

You have place your bets and makes you choice.

Posted by stockraider > 2022-06-06 09:54 | Report Abuse

Do not listen to all these naysayers loh!
Sapnrg is highly undervalue mah!

If there is no fire sale it is worth alot mah!

How do u value Sapnrg potential gain leh ??

1. Current sapnrg share price 5.5 sen @ Rm 879m.
2. Restructuring rebate from banks frm 3.6b or @ 22.5 sen ( base on 35% haircut)
3. Revaluation of OMV 50% share gain of Rm 5.0b @ 31.5 sen
4. Conservative Min wealth creation of sapnrg is Rm 8.6b loh or 54 sen mah!

Remember there are also hidden value in Sapnrg drilling & EPCC business & assets not taken in value here mah!

If we account for this, another potential of 30 sen loh!

Thus sapnrg should be 84 sen fair value loh!

Bcos of uncertainty we discount this 84 sen value aggressively by 70%....thus target price should be at least 25 sen loh!

That will give u a potential massive gain of 19.5 sen....or 354% if u buy sapnrg at dirt cheap at 5.5 sen mah!

Very big profit potential in sapnrg loh!

Posted by BobAxelrod > 2022-06-06 09:57 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-06 09:58 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-06 09:59 |

Post removed.Why?

Posted by cicakman > 2022-06-06 09:59 | Report Abuse

Yarrr... 100 % agree,dirts are always cheap lorr..

Posted by BobAxelrod > 2022-06-06 10:01 |

Post removed.Why?

Posted by stockraider > 2022-06-06 10:03 | Report Abuse

If delisted why u need to consollidate share & RI leh ??
No need mah!

Just sell assets to pay debts loh!

Posted by BobAxelrod > 2 minutes ago | Report Abuse

Can please give valuation from the other side???.....
1) What would price be if finally Delisted?
2) How would number of shares and price be with Share consolidation and RI (to pay debts)??

Posted by BobAxelrod > 2022-06-06 10:04 | Report Abuse

Aiyoh....twisting 2 scenarios into 1....hehehehe...Raider the magician and big Twister.

Posted by BobAxelrod > 2022-06-06 10:06 |

Post removed.Why?

Posted by BobAxelrod > 2022-06-06 10:06 |

Post removed.Why?

Posted by stockraider > 2022-06-06 10:09 | Report Abuse

Put it this way mah!

Sapnrg upside is 84 sen
Down side is zero sen
Target price conservatively 25 sen very prudent & fair loh!

The potential gain very far outweighed the potential losses loh!

Like i said it is a unique Very profitable scenario for investor to buy sapnrg at 5.5 sen mah!

Posted by BobAxelrod > 2022-06-06 10:11 | Report Abuse

Stop embarrassing yourself... going upwards 84c????

There are many sifu-sifu here and also many educated silent readers.....

Posted by stockraider > 2022-06-06 10:13 | Report Abuse

They proposely impairment....impairment.....this is just paper figure... impairing from NTA Rm 1.40 loh!....to force the bank to give hair cut in the restructuring exercise loh!

This how the games always played mah!

Lu tau boh ?

Posted by stockraider > 2022-06-06 10:15 | Report Abuse

U can ignore this very valuable opportunity but raider will not loh!

General Raider will accumulate & buy big sapnrg mah!

Posted by SinGor > 2022-06-06 10:37 | Report Abuse

10billion current liabilities is result from yearly row-over by bankers. It is actually long term Liabilities.
Actual current liabilities is around 3bil. But when 10billion is listed as current liabilities, SAP cannot borrow
any money for Cash Flow. So comes asset sales Or some cash injection from MoF..
As long as SAP can proof to Court that asset sales is in the progress, further extension of debt payment
will be given......I saw many Friends court case ended up this way

Posted by stockraider > 2022-06-06 10:45 | Report Abuse

Correctloh....SAPNRG has bought down the borrowing from Rm 14b to Rm 10b mah....the listing it as a current liabilities is a self inflicted negative action of the banks mah!

The good things is for restructuring....the banks will give a good haircut loh!
Sapnrg is asking for 75% haircut and most banks already provided upto 70% impairment of these loans loh! For example Ambank has provided as high as 80% loh!

A 35% haircut is doable & acceptable.....bank will recover back substantial of their loan & further improve its profit while SAPNRG can recover & benefit from the restructuring loh!

Lu tau boh ?

Posted by BobAxelrod > 2022-06-06 10:48 | Report Abuse

Long term loans/liabilities could only become IMMEDIATE REPAYMENT NECESSARY on what scenario?????..........Right, upon default and Bankers Issue LND and to Recover ALL Debts IMMEDIATELY.......Bankers' recourse......Bankers' Rights.....

Posted by SinGor > 2022-06-06 10:49 | Report Abuse

If you look at AirAsia books( after restructuring), Current asset is 1.86bil And Current Liabilities is 9.8Bil...
Why donT Bankers closed Down AirAsia?????...Sell Planes and get back their money, can or Not????

Posted by BobAxelrod > 2022-06-06 10:50 | Report Abuse

Hahahaha...AA same boat as Sapn?????

Posted by stockraider > 2022-06-06 10:51 | Report Abuse

Very true loh!
When Airasia embarked on the restructuring its NTA is negative more than Rm 1.00 per share mah!

Sapnrg its NTA is still positive at 2 sen per share loh!

Sapnrg situation is far more better than airasia mah!

Lu tau boh ?

Posted by SinGor > 2022-06-06 10:54 | Report Abuse

as i see it Airasia is worst among the worst bcos AA is still registering 1bil loss every Qr. Not going to
improve anytime soon bcos Oil at $100

Posted by BobAxelrod > 2022-06-06 10:56 |

Post removed.Why?

Posted by stockraider > 2022-06-06 10:57 | Report Abuse

Correctloh....what airasia own leh ?
Nothing mah!
Even the airlines, it just lease mah!

Whereas Sapnrg own most of its assets mah

Do not listen to all these naysayers loh!
Sapnrg is highly undervalue mah!

If there is no fire sale it is worth alot mah!

How do u value Sapnrg potential gain leh ??

1. Current sapnrg share price 5.5 sen @ Rm 879m.
2. Restructuring rebate from banks frm 3.6b or @ 22.5 sen ( base on 35% haircut)
3. Revaluation of OMV 50% share gain of Rm 5.0b @ 31.5 sen
4. Conservative Min wealth creation of sapnrg is Rm 8.6b loh or 54 sen mah!

Remember there are also hidden value in Sapnrg drilling & EPCC business & assets not taken in value here mah!

If we account for this, another potential of 30 sen loh!

Thus sapnrg should be 84 sen fair value loh!

Bcos of uncertainty we discount this 84 sen value aggressively by 70%....thus target price should be at least 25 sen loh!

That will give u a potential massive gain of 19.5 sen....or 354% if u buy sapnrg at dirt cheap at 5.5 sen mah!

Posted by 8899EL8899 > 2022-06-06 11:18 | Report Abuse

banks unlikely to take big hair cut,........but they may waive the interest,........which are good enough for sapngr,........PNB, MOF controlling many malaysia banks,........just helping sister company,.......saving tax.

Posted by Understand > 2022-06-06 11:19 | Report Abuse

Ahyo stop entertaining this Bob. He supposed to build cartoon house. Not sure what makes him here. Calling himself sifu all over.

Posted by BobAxelrod > 2022-06-06 11:24 |

Post removed.Why?

Posted by Understand > 2022-06-06 11:26 | Report Abuse

https://youtu.be/hqts_HZHRE4

Posted by billionman > 2022-06-06 11:27 | Report Abuse

agreen with u Understand... talking about..under value..? hahaa the market forces more or less determine it. if laden with debt...cash burn flow i eating fast the piece of cake...only smokes more smojes ..hopeless

Posted by Understand > 2022-06-06 11:27 | Report Abuse

You did not understand, is difficult to explain. I think should share less, otherwise you'll learn more...

Posted by billionman > 2022-06-06 11:30 | Report Abuse

To service termed loan yet problematic..and ppl taljung about under value..Come on .... if after injection bail out 2019...turning PNB as 40% holder... rite now where do SE direction .. 2 years elapsed..with ex peteonas sifu being appointed..yet..tge facts now..still laden enormius liaibilities... snow balling effect .thats facta

Posted by billionman > 2022-06-06 11:32 | Report Abuse

what hopes do u expect...? white knight to come in? for what? elon life line!

Posted by stockraider > 2022-06-06 11:34 | Report Abuse

Hair cut for banks is a must mah!
Bcos the banks already provided upto 70% or Rm 7b for the loan losses loh!
If the banks agree to give rebate or hair cut of 35% , they will recover Rm 3.5b mah!

This will increase the banks profit and give additional increase yr end bonus for the bankers mah!

Win win mah!
Who want to complain & do not agree when the deal is favorable for every one leh ?

Those complain too much will be demoted or sacked mah!

Posted by Understand > 2022-06-06 11:39 | Report Abuse

Ahyo come on la 2years covid petronas ceo can do magic ka. Vomit blood...really

Posted by stockraider > 2022-06-06 11:42 | Report Abuse

It is restructuring magic mah!

Lu tau boh ?

Posted by Understand > 2 minutes ago | Report Abuse

Ahyo come on la 2years covid petronas ceo can do magic ka. Vomit blood...really

Posted by billionman > 2022-06-06 11:46 | Report Abuse

Hahaaaaa....

Posted by billionman > 2022-06-06 11:48 | Report Abuse

Hibscus...wah seong...dialogue...dayang...etc other... O& G players..can survive howwww?

Posted by Understand > 2022-06-06 11:48 | Report Abuse

Don't share to much. There is more than what you actually see.
That's why retailer normally are the lossers.
I come in during market down only. See a bigger picture...

Posted by billionman > 2022-06-06 11:50 | Report Abuse

After all it was claimed that ceo, bod SE are the best of the best..yet company becoming zombie

Posted by stockraider > 2022-06-06 11:51 | Report Abuse

Just shut up loh!

Buy mah 5.5 sen loh!

Posted by cicakman > 2022-06-06 11:51 | Report Abuse

Then tommorow buy lah,it is cheap.

Posted by stockraider > 2022-06-06 11:53 | Report Abuse

Correct buy loh!

Posted by billionman > 2022-06-06 11:55 | Report Abuse

Hahaaaa. Yeeah...buy buy...enjoy being zombie..