Posted by cicakman > 2022-06-06 11:58 | Report Abuse

Bye bye..loh!

Posted by stockraider > 2022-06-06 11:59 | Report Abuse

General Raider had share enough loh!
If people want to be rich u may consider buy sapnrg at 5.5 sen loh!

Do not fear mah!
Do your own research to improve your confidence loh!

Posted by billionman > 2022-06-06 12:02 | Report Abuse

Restructuring mode should hve been triggered 2-3 years back..when being injected vitamin $2.8 billions by big Papa....why now...too late..after rounds after rounds ceo and bod appointed..cessation...then appointed new set....exit..appointed ..too tired..yet still ship more holes..how???

Posted by cicakman > 2022-06-06 12:03 | Report Abuse

Pelanduk selalu lupakan jerat.
Jerat tak pernah lupakan pelanduk.

Sideline please,dia org terbeli up there.
Buy high sell low.
Buy low sell lower.

They have throw the towel much earlier are not a good indicators.

Posted by billionman > 2022-06-06 12:04 | Report Abuse

Capital being pump and dump too big papa mama...hahaaa

Posted by billionman > 2022-06-06 12:05 | Report Abuse

What kind of bz model...cannot brain...sapu mode..ayaaaa

Posted by billionman > 2022-06-06 12:07 | Report Abuse

Rite cicakman....agreed cold towel..too much hot weather ..facts are hard to digest..but fictious and hope easily made to believe..hahaaa

Posted by stockraider > 2022-06-06 12:09 | Report Abuse

U know or not ah ??
These senior elite melayu are proud people mah!
3 yrs ago, did they ask the bank for hair cut leh ? No mah! Bcos they think, they are very smart mah! They think can turnaround without debt restructuring loh!

It is proven they are wrong mah!
This time debt restructuring with hair cut from the banks are required mah!

Posted by billionman > 1 minute ago | Report Abuse

Restructuring mode should hve been triggered 2-3 years back..when being injected vitamin $2.8 billions by big Papa....why now...too late..after rounds after rounds ceo and bod appointed..cessation...then appointed new set....exit..appointed ..too tired..yet still ship more holes..how???

Posted by billionman > 2022-06-06 12:11 | Report Abuse

If..and if 2016-2020....things are put to be corrected...SE could be better off..to weather the storm...may be SE is in better shape

Posted by billionman > 2022-06-06 12:16 | Report Abuse

.Now.stockraider..now u agreed. ..the mngmts performance were not as expected to deliver profitability to compny..then why still loved them idolized them by giving enormous perks...etc..yet. Nothing of much good return back by the compny? Could be hidden hands of ?????? Guess who

Posted by stockraider > 2022-06-06 12:18 | Report Abuse

The answer is

It is restructuring magic mah!

Lu tau boh ?

Posted by cicakman > 2022-06-06 12:21 | Report Abuse

3 months loss RM 6.61 billions,really lots not some things really not right.

Posted by stockraider > 2022-06-06 12:24 | Report Abuse

Already explain mah!

They purposely 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 cicakman > 2022-06-06 12:33 | Report Abuse

Raider,you bot what price?

Posted by sailang_now > 2022-06-06 12:38 | Report Abuse

Why take the risk to buy at 5.5sens? When you can get it even lower still? Anyway if PNB had paid RM2.8b for 40% SEB shares in 2019...why would PNB commit more monies to a bottomless hole when it's more worthwhile for an Assets Stripper to acquire 100% of SEB for RM879M at current valuation?

Posted by billionman > 2022-06-06 13:03 | Report Abuse

.Sailang..ur points are powderful...logic and facts....not fictious.....hahaaa SE sell assets ...can cover or not..i bet leave crock underwear..then whats...more $ in..is going no where except into zombie powerful oligarch masters...... Big words like bumi assets..downstream business etc etc...hahaaaa its part of soothing good for ears. Why now only those big words loudly heard..not 4 years back... Balls and shit. Ding dong..SE merely SPV for those baxxxx..and crooks..to manipulative activities...absconded ..public $

Posted by OKU_2020 > 2022-06-06 13:05 | Report Abuse

Cicakman@Raider,you bot what price?
-------
Many in HOT SOUP@Hot Tomyam Now.....
Blame BossKau - Blame Rafizi -.....
BUT Must Blame ownSelf by BANGINGG head on the Wall/Coconut Tree since you are the one key in the order not your brader ( hmmm MACC ....)

Posted by billionman > 2022-06-06 13:09 | Report Abuse

Restruct..impairments..etc just delay tactics buying time..what about if funders and bankers insist to get back their $... Via winding up process..Asets sold payback....hahaaa bilis left to collect whatever leftover....could that be a way exitng

Posted by Understand > 2022-06-06 13:13 | Report Abuse

Ahya today already date line, let's see tomorrow anything happens...

Posted by billionman > 2022-06-06 13:23 | Report Abuse

Datelin convertible to deadline.....finished case...hanged ownself..hahaaa

Posted by billionman > 2022-06-06 13:26 | Report Abuse

Little light end of tunnel...bring own lighter and candle at least... Hope its ok..seamless hope ..hope..hope....lastly hopeless

Posted by billionman > 2022-06-06 13:41 | Report Abuse

Lets read back reminisce a bit of history....for better flow of mindset.

Once held up as a shining example of Malay entrepreneurship for being the world’s second largest integrated oil and gas (O&G) service provider, the group has suffered greatly since oil prices crashed in 2014.

However, it is clear that not every stakeholder has suffered equally, with ex-CEO Tan Sri Shahril Shamsuddin earning a whopping RM443.9 mil from 2013 to 2021 – or an average of RM49.3 mil per year for nine years – excluding the “intellectual property rights, trademarks and branding” fees as well as related-party transactions.

While PNB’s 40% stake in the company is often cited as the key reason for a bailout, we should not ignore the bad strategic decisions made by the company.

This includes the company’s acquisition of Seadrill’s drilling assets in 2013, which gave Sapura Energy a 55% share of the global tender rig market, but also severely stretched the company’s finances.

Sapura Energy was a slow burn (and avoidable) crisis waiting to happen. In 2018, shareholders, including the Employees Provident Fund (EPF) voted against the re-appointment of all the company’s directors, including Shahril, perhaps in an attempt to force accountability upon those who have made strategic mistakes.

However, the bid to oust Shahril failed and EPF ceased to be a substantial shareholder

Posted by billionman > 2022-06-06 13:44 | Report Abuse

Good move by epf...stock price that time.. 2018...@ .90¢ - .60¢....

Posted by cicakman > 2022-06-06 13:45 | Report Abuse

Oku,ikhlas ckp.
I don't buy even a units.

Posted by cicakman > 2022-06-06 13:54 | Report Abuse

My worries is delisting and consolidate.

Posted by sailang_now > 2022-06-06 14:01 | Report Abuse

Or maybe delisted then only restructure which takes time as in the case of MAS under Bosku's watch in 2014...

Posted by SinGor > 2022-06-06 14:04 | Report Abuse

Has nothing to do whether PNB cash injection is sufficient or Not. ...2yrs of Covid stops many projects from
moving this is what killing Cash flow....All PNB cash injection was eaten away by work stoppages...Banks
know it and never ask Court to sell SAP asset ( as SerB )....No matter how many TopGun in Management
also ended Nowhere bcos this Covid causes Global Biz failure......no-one to blame, just wrong Timing

Posted by billionman > 2022-06-06 14:11 | Report Abuse

Doing bz is to gain...if doing bz merely accumulated snow bsll effects of debt aftet debt..even burning cash flow... yet ceo..bod well paid..wowwwww might asxwell ckose shop ..no poiny fakinh and manipulative twist turn..inveztors.. jusy lije a pproffesnl scammer alike

Posted by billionman > 2022-06-06 14:12 | Report Abuse

@no point faking

Posted by billionman > 2022-06-06 14:13 | Report Abuse

runnnnn jump into the sea...png bridge

Posted by stockraider > 2022-06-06 14:14 | Report Abuse

Not that true....Sapnrg is trying to be smart....tendering & getting project of low margin and doing project not its core competence like taiwan wind power generation which is a disaster loh!.

The covid issue further compounded its misery loh!

Posted by cicakman > 2022-06-06 14:16 | Report Abuse

Now got reason to put blame on Covid and Oil Price.
After 2 years no Covid or Ukraine War finished,then blame
No war and others things.
Now can say larrr oil price up but ave oil price was USD81 2021
loosing.Dono how to forecast and dono marketing and isi kantong sendiri
and cronies.

Posted by cicakman > 2022-06-06 14:21 | Report Abuse

Oku,.
There are many ways to help ppl.
There are also many ways to skin many cats.
Dia org fikir tempolok sendiri and don't care ppl gets killed lor.
Make it simple,any vrooomm up later can bot,any vroom down
you are safe.

Posted by sailang_now > 2022-06-06 14:22 | Report Abuse

After SEB Mgt has dug it's own grave...the only way out is for PNB with 40% to buy out minority shares for a song in order to delist like MAS as a government precedent before any restructuring can be done...

Posted by OKU_2020 > 2022-06-06 14:24 |

Post removed.Why?

Posted by stockraider > 2022-06-06 14:24 | Report Abuse

The point u need to focus mah!

Is there a good profit to be made rescuing sapnrg....if yes better rescue loh!

If not other people will make profit instead of msian & govt mah!

Posted by Jkoay > 2022-06-06 14:37 | Report Abuse

Better for this Company to go to the graveyard, before taxpayers have to pay their debt

Posted by stockraider > 2022-06-06 14:38 | Report Abuse

Already explain mah!
The point u need to focus mah!

Is there a good profit to be made rescuing sapnrg....if yes better rescue loh!

If not other people will make profit instead of msian & govt mah!

Posted by Jkoay > 18 seconds ago | Report Abuse

Better for this Company to go to the graveyard, before taxpayers have to pay their debt

Posted by OKU_2020 > 2022-06-06 14:43 | Report Abuse

Stock trading basically is a GAME....!
A Micro Economics Game - the interaction between the Market forces of the Demand & Supply
Those trapped - terduduk & now in Hot Soup >> Keep Calm please
Pray Hard to Al Mighty
BTW - why punting a Paralyzed Cap Ayam Sapura E ?
hmmm....much better return - even a solid Jackpot 300 - 500 % never dream of if investing in Old Fashioned Grandma Bluecheat@chip .... But beware this is a Calculated Risk - silap hari bulan ??.....#Azab

Posted by sailang_now > 2022-06-06 15:12 | Report Abuse

Maybe there is profit to be made in trading SEB shares but not for benefit of minority...in order to raise funds to continue operations SEB, new CEO & Bod has the option for private placements to dilute shareholders value further e.g. if current share value is 5 to 5.5sens. SEB can issue more shares through PP with 25% discount at 3.75 to 4.12sens and sell at 5 to 5.5sens still got profit mah...

Posted by EVO118 > 2022-06-06 15:17 | Report Abuse

"THE WORLD'S SECOND LARGEST INTEGRATED OIL AND GAS SERVICE PROVIDER. "
You have to be proud to say this is in Malaysia, where FGV was Malaysia's largest IPO. Unthinkable in this "BOLEH" land.

Posted by EVO118 > 2022-06-06 15:58 | Report Abuse

Will it be 15-0 for Rafizi as he takes on Sapura Energy’s top gun Shahril?
https://focusmalaysia.my/will-it-be-15-0-for-rafizi-as-he-takes-on-sapura-energys-top-gun-shahril/

Posted by sailang_now > 2022-06-06 16:14 | Report Abuse

Just wondering what other can of worms will Rafizi dig out from SEB's mess?
"The covenant in lieu of having his shares in Sapura Energy locked up when the group re-financed its whopping RM14 bil in borrowings has enabled Shahril to rake in fat salaries amounting to RM71.92 mil in in the financial year ended Jan 31, 2018 (FYE1/2018) and RM84.24 mil in FYE1/2017.

Back then, Shahril was the single largest shareholder of Sapura Energy with a 15.9% stake. The share covenant was not stated in the annual reports."

Posted by IronShirt > 2022-06-06 16:30 | Report Abuse

https://www.malaysiakini.com/news/623714

GE15 is near Door step. All Umno stocks will be goreng Up, same as GE14

Posted by EVO118 > 2022-06-06 16:37 | Report Abuse

I think Zafrul is thinking he might not be a Finance Minister after GE15.

Tengku Zafrul announces approval to build Puncak Alam ECRL station.
https://www.theedgemarkets.com/article/tengku-zafrul-announces-approva...

The old story.
"You look after me, I will look after you".
Is SAP problem too big for him to handle?

Posted by EVO118 > 2022-06-06 16:49 | Report Abuse

2 conflicting hints. One from PM on importance of oil & gas industry and another from Finance Minister (non-elected politician, nominated Senator) that it might be too big of a mess to be blamed on him for handling it.

Posted by BE_GREEEEEDY > 2022-06-06 17:18 | Report Abuse

WARREN BUFETT >> BE GREEEEEEEDY when others are SHIVERINGGG $$$$$

Posted by JJchan > 2022-06-06 18:19 | Report Abuse

Ge15 should be in Aug Or Sept. It is a historical fact certain political connected shares will rally 200--300%.
However GE15 has very few such shares. SAP should be one of them---needs bailout

Posted by i3lurker > 2022-06-06 19:50 |

Post removed.Why?

Posted by billionman > 2022-06-06 19:51 | Report Abuse

sailang..if what u said is true..sharil 15.9% stake ommitted in the annual reports.... wowww.this is already amounting to false declaration...fraud reportung....hahaaa there u re these are amongthe problematic issue...no integrity