So many months to go for Sapura to goreng and improve its contract rates and T&Cs across the board.
Share price will improve on MOF sentiment and renewed O&G commodities bull run. Brent at $125 per bbl now. All operators are paying expediting fees to secure rigs and don’t mind the premium. Let’s go! 14/06/2022 11:06 PM
Meow Meow Meow
Too Bad MAS was taken back by Khazanah. It used to be part of Mabel Airlines. It was replaced with Air Asia and Singapore Airlines.
Malaysia Airlines used to be part of Mabel Airlines until Mabel was forced to sell her stakes back to Khazanah. Shares of Malaysia Airlines (MAS) was removed from the Main Market of Bursa Malaysia Securities from Dec 31, 2014 at 9 am. The last closing price was 26.5 sen. Mabel bought a lot below 20 before it was delisted using the same strategy as Sapura Energy. This is to facilitate its selective capital reduction (SCR) repayment exercise until its delisting, following a privatisation exercise by Khazanah Nasional Bhd. Khazanah paid 25sen per share. Here is the last contract that Mabel has purchased before it was delisted. Mabel and team was handsomely rewarded..
Mabel is looking for the same success story for Mabel Energy Battleship Sapnrg. It has consistently maintain Pole Position as the most active counter in Bursa F1 Race. So many months to go for Sapura to goreng and improve its contract rates and T&Cs across the board.
kyliew Mabel What is the fair price of SE shareholders will get if get delisted just like in your MAS scenario above? 15/06/2022 2:28 PM
kyliew,
When a company decides to remove its shares from the stock exchange, it becomes a private company. There are many consideration before the price is set.
Mabel LaFarge was a good case where the offer price was RM 3.75 if Mabel remember correctly. It was way above the market trading price and Mabel and her team was paid handsomely by LaFarge to take it private.
The same with Cycle and Carriage (CCB). The offer RM 2.40 which was way above the trading price. Unfortunately, CCB Shareholders got too greedy and wanted more. So the delisting did not proceed.
For Sapnrg, this will be the worst case scenario for this National Treasures. With huge Assets and Gas Reserve. Let's cross the bridge if we ever come to this scenario.
Mabel as usual very relax.. Nowadays Goyang kaki only..
Meow Meow Meow
Stock: [SAPNRG]: SAPURA ENERGY BHD
May 27, 2022 5:51 PM | Report Abuse
Understand Miau scad already. Every counter people who got conned by her miau miau skill now calling her Con Mabel. 27/05/2022 12:26 PM
Understand I think Bob also got Conned by Mabel. He see got leng lui. Leng lui say buy and miau say meow meow meow tq, so he follow. Then after that Leng Lui say no money leng chai, buy la. Bob think again, uhh leng lui call buy again, whoh...sweat.... Ok buy. After a few time got conned, BOB got no more money. He ask Leng Lui, no money dy how ahh. Miau say , no money. Hmmmm. What's your name again. And there after, BOB follow Mabel where ever she goes and then start calling Mabel all sort of name. To name Con Mabel, Akua... .. buy at you own risk.. 27/05/2022 12:53 PM
As Benjamin Graham, the 'Father of Value Investing', shared "In the short run, the market is a voting machine, but in the long run, it is a weighing machine".
This means that human psychology can overwhelm fundamentals in the near term. However, over the long term, it's the earnings that determines returns. In short, the stock markets tests patience and rewards conviction.
15 Jun 2022....what do u expect...?? is MoF too going to be entering bankruptcy syndrome...by letting her Institution to get in deep.shit and messing in SE. Malaysia still owes US$3 billion (RM13.3 billion) in debt as a result of a joint venture (JV) between 1MDB and Aabar Investments, a former finance ministry officer testified.
Siti Zauyah Md Desa, who used to be part of the ministry’s loan management division, said 1MDB had never reported to her division regarding the JV (1MDB is wholly owned by MOF Inc).
During the RM2.28 billion 1MDB corruption trial...
1. lets forensic spectacles look meticulously into MoF adventure into all the shits when MoF intentionally involved..its public portfolio and ppl rakyat monies
2. soft reminder to us players...The company further said that creditors of each applicant (Sapura Energy and its wholly-owned units) are required to submit respective proof of debt on or before June 30 this year 2022 as ordered by the High Court. timeline... funders / bankers tabled out officially to court...SE owe them ..liabilities... default payment has becoming normal do...yet claimed to be valued company howw? with NTA 0.02 cents.. what logical value u re talking about. To buy a bottle 500ml RO wATER NOT ENOUGH...how???????
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....
prudentinvestor
4,375 posts
Posted by prudentinvestor > 2022-06-15 13:16 | Report Abuse
The US stock market is a hyper casino. Many big company stocks used to trade at PEs of several hundred. You won't find any such company here.