Posted by Mabel > 2022-11-26 20:20 | Report Abuse

Heard rumour that Hassan Merican will be a senator to be MOF..

Hassan was the CEO of Petronas Nasional Berhad from 1989 till 10 February 2010..

He will understand how important Sap is...

CheriMeow

Posted by BobAxelrod > 2022-11-26 21:40 | Report Abuse

LOL....a new low in lies telling.......hahaha

A man on a flying horse can tell you that.

So, which penthouse level were you caught at??

Posted by Mabel > 2022-11-28 00:42 | Report Abuse

Haha Blondi nice to see you here too following Mabel across i3..

Boring ke at Hibi?

People oledi lock in profits at RM 1.30 at Hibi why are you still there hanging like Monkeys singing Hibibibi..

Hahaha

Posted by Nikmon > 2022-11-28 14:32 | Report Abuse

Few month before due date, SAP still keep silent about their restructure progress....

Posted by UlarSawa > 2022-11-28 21:39 | Report Abuse

DSAI vs Bossku debate. DSAI cakap apa. You can remember kah. Forensic Audit Sapnrg first b4 bail out leh. Haiyoh. Correct?


https://youtu.be/pRUv0yfThvs



SinGor

https://www.malaysiakini.com/news/645650
2 Deputies including BN. SAP chance of getting rescue is much better under PN

3 days ago

Posted by leedavid > 2022-11-29 08:15 | Report Abuse

good for kerajaan perpaduan

Posted by stockraider > 2022-11-29 08:44 | Report Abuse

Correctloh....low hanging fruits is just revive sapnrg mah!

Posted by afifimansor > 2022-11-29 12:42 | Report Abuse

petronas beli Sapura ke?

https://www.youtube.com/watch?v=sTEyEXF7PXw

Posted by gkungpat > 2022-11-29 14:50 | Report Abuse

@afifimansor,

6 bulan lepas recording video tu..
dh x relevan..
skrg PM 10..
Tunggu Sapura kene audit dulu kalau Petronas nk ambik alih pun..

Posted by Imformed > 2022-11-29 17:13 | Report Abuse

2 years ago they started the audit up side down. even the vendor also kena. We are one of the vendor, we know.
They have implement the portal for vendor, management and all staff. it must be clean now. i will buy some soon...ha ha...

Posted by SinGor > 2022-11-29 21:22 | Report Abuse

Velesto post impressive results with 5 working Rigs. SAP has 11 rigs and will post results in 13Days.
Last Qr SAP revenue was 1.17Bil. This Qr if SAP post 2.0Bil revenue without any writeoff like last Qr, SAP may
post a BIG surprise Profit like Velesto. Any way i think Velesto will goreng back to 30sens in no time.
We have a Christmas Rally Coming and will drag into 2023 Chinese New Year. With 2 months Rally, punters
donT care about FA & TA. I already see foreign funds coming to join the Party

Posted by strattegist > 2022-11-29 22:37 |

Post removed.Why?

Posted by Freelance8 > 2022-12-01 10:00 | Report Abuse

When Zahid made DPM, I am very sure he will make this happening real soon!!!

Posted by SinGor > 2022-12-01 18:17 | Report Abuse

On 1 September 2022, the Corporate Debt Restructuring Committee (the “CDRC”), approved the Company’s application for the CDRC’s assistance to mediate in its debt restructuring negotiations with the MCF Financiers. Following the Company’s admission to the CDRC regime, the relevant financial institutions are expected to observe an informal standstill, and the Company was expected to submit a proposal for a restructuring of its debts owed to such financial institutions within 60 days from 1 September 2022.
In line with such requirement, the Company submitted a draft Proposed Restructuring Scheme ("PRS") to the CDRC on 29 September 2022, and has since been participating in CDRC-mediated meetings with the financial institutions to seek feedback on and to refine the terms of the PRS.
____________________________________

Clearly Management is actively trying to resolve 10bil Debt with CDRC mediation. Draft proposal already
submitted 29 Sept. All i can say is SAP Directors are following Standard Corporate restructuring with No
intention of seeking Political Help. Strong Will Management. None of Director has SAP shares anyway----
Hahahaha

Posted by SinGor > 2022-12-01 18:23 | Report Abuse

If you look at SerB Pn17 note today, Management has no idea how to solve their problem. Just waiting to
close Shop

Posted by Mabel > 2022-12-01 21:15 | Report Abuse

Haha...Wednesday's move resulted in the Dow Jones Industrial Average rising more than 20% since Sept. 30 - its lowest point of the year - meaning it is now officially in bull market territory. Elsewhere, the benchmark S&P 500 is up 17% from its YTD low, and while tech-heavy Nasdaq still has some ways to go, it has rebounded nearly 14%.

Plantation, Techs and energy counters are looking great today including SE. Still got power holding at 4 sen..

Posted by Nikmon > 2022-12-01 21:43 | Report Abuse

2 months has passed since they submitted the draft and had met with the lender.....how long still needed....they have started this since mid of the year, then asked BNM help in 3rd Q....hope to conclue soon, only can hope

Posted by strattegist > 2022-12-01 23:12 |

Post removed.Why?

Posted by SinGor > 2022-12-02 10:39 | Report Abuse

2 months has passed after Draft proposal, most likely SAP asked Bankers for a hair-cut but most bankers are
already Botak. Next option is to Delay interest payment for 2--3years And extend Loan Repayment by 5 years.
I am sure Bankers will ask for Guarantor. " Ah Wa.Kor" has to step in anyway.

Posted by SinGor > 2022-12-02 10:43 | Report Abuse

Petronas makes 22 billion more than last year ( in Sept 2022). One billion Guarantee by Ah Wa.Kor is no
problem, just show one finger is enough

Posted by SinGor > 2022-12-02 10:45 | Report Abuse

It all boils down 13Nov Qr reports, if SAP makes 200mil.....The Sun is raising Up bright

Posted by UlarSawa > 2022-12-02 11:02 | Report Abuse

Really. If lah. If not leh. How. Haiyoh. Correct?


SinGor

It all boils down 13Nov Qr reports, if SAP makes 200mil.....The Sun is raising Up bright

15 minutes ago

Posted by UlarSawa > 2022-12-02 11:04 | Report Abuse

Thats why last time many said Janda Sapura is mini Petronas leh. Mini petronas should be making 2.2bil baru betul leh. Why takda leh. Haiyoh. Correct?



SinGor

Petronas makes 22 billion more than last year ( in Sept 2022). One billion Guarantee by Ah Wa.Kor is no
problem, just show one finger is enough

18 minutes ago

Posted by UlarSawa > 2022-12-02 11:06 | Report Abuse

DSAI debate with Bossku cakap need Forensic Audit mah. Belum keluar Forensic Audit report of how to complete the rescue proposal leh. Use common sense leh. Haiyoh. Correct?


SinGor

2 months has passed after Draft proposal, most likely SAP asked Bankers for a hair-cut but most bankers are
already Botak. Next option is to Delay interest payment for 2--3years And extend Loan Repayment by 5 years.
I am sure Bankers will ask for Guarantor. " Ah Wa.Kor" has to step in anyway.

24 minutes ago

Posted by strattegist > 2022-12-02 15:02 |

Post removed.Why?

Posted by Win288288 > 2022-12-02 20:59 | Report Abuse

Wow DSAI pm cum mof!

Posted by Mabel > 2022-12-02 21:22 | Report Abuse

...Haha as Mabel inform earlier Hassan Merican will advise him...

Hassan Merican will value and appreciate Sap...

Meow Meow Meow

Posted by Mabel > 2022-12-02 21:23 | Report Abuse

Hassan was the CEO of Petronas Nasional Berhad from 1989 till 10 February 2010..

He will understand how important Sap is...

Meow Meow Meow

Posted by TalkNumberOne > 2022-12-02 21:27 | Report Abuse

Mabel your news not bad wo. Hassan Mercian

Posted by TalkNumberOne > 2022-12-02 21:28 | Report Abuse

Seriously speaking I love this setup now. Roaring Malaysia of the 1990s is coming back

Posted by Mabel > 2022-12-02 21:45 | Report Abuse

Indeed...

Meow Meow Meow

Posted by UlarSawa > 2022-12-02 21:52 | Report Abuse

Maybe DSAI will ask Hassan Merican to perform Forensic Audit on Janda Sapura pun boleh leh. Haiyoh. Boleh?

Posted by TalkNumberOne > 2022-12-02 22:03 | Report Abuse

Mabel chun chun mari, now I would ask you tekan abit more lol mau load 2 lori lagi

Posted by gkungpat > 2022-12-02 22:48 | Report Abuse

Next Monday kompom naik melangit.. Beliiiiiiiiiiiiiiiiiii

Posted by Mabel > 2022-12-03 05:30 | Report Abuse

Yes Lah... already bought a lot more than 2 lorries oledi..hihih

One of my take away from last night meeting with my Bollywood Team is “your network is your net worth”.

Naming the government a unity government is the best way to save face and avoid humiliation from being called a minority as no one really has the simple majority. Many people used to attack the Umno President has now repented and close rank.

Malaysian has voted and PM has chosen his team. Given the present scenario, I have no issues with his selection. So, Mabel is willing to close rank with this government to be part of my network as we have bigger challenge coming up over the next two years...

To Our Success !

Meow Meow Meow

Posted by SinGor > 2022-12-03 11:35 | Report Abuse

Razif was attacking SAP bcos Anwar was NOT the PM then. Now it is a different Story. 30,000 workers are
at stake. Sinking SAP breached a 10bil Hole in Bank vault. How to generate 30,000 job for skilled Oil workers---
selling Nasi Lemak is already a Over crowded Industry

Posted by Bmw X5 > 2022-12-03 12:16 | Report Abuse

Relax SE is one of the cheapest oil stock globally ...it will attract attention once it move a few bids

Posted by harold8990 > 2022-12-03 12:38 | Report Abuse

Just got an informal info from a reliable contact on the way forward for sapnrg..things are recovering internally including their vendors Reorganizations..streamlining services on multiple fronts..recent talks n discussions with backers seems promising as well..in terms of how fast the change going to materialize is not known but good signs indeed.

Posted by TalkNumberOne > 2022-12-03 12:50 | Report Abuse

Mabel, wait for me la. Now only enough to buy rolls royce. Let me load another round to upgrade for private jet.

Posted by UlarSawa > 2022-12-03 15:12 | Report Abuse

Sapnrg is cheapest OnG globally is bcos Sapnrg is PN17 ctr leh. Haiyoh. Correct?


Bmw X5

Relax SE is one of the cheapest oil stock globally ...it will attract attention once it move a few bids

2 hours ago

Posted by izoklse2022 > 2022-12-04 12:47 | Report Abuse

Sapula apa tunggu lagi

Posted by strattegist > 2022-12-04 21:46 |

Post removed.Why?

Posted by Nikmon > 2022-12-05 07:38 | Report Abuse

Rafizi is sued by ex-founder SAP.... definitely he will step in, whether is positive or negative remain uncertain.

Posted by 8888_ > 2022-12-05 09:57 | Report Abuse

Hassan Marican as advisor not enough? Petronas CEO must change?

Posted by 8888_ > 2022-12-05 10:02 | Report Abuse

QR in Dec can profit? Debt can further reduce?

Posted by 8888_ > 2022-12-05 10:03 | Report Abuse

Operator only push Velesto because NTA high despite QR loss?

Posted by Mabel > 2022-12-05 11:11 | Report Abuse

Meanwhile we are waiting for Lady Sapura 3rd Quarter Report!

Just like DSAI, our Sapura CEO also inherits many legacy which is a major issue. Recap: Sapura Energy Bhd has recorded a revenue of RM1.17 billion for the second quarter of the financial year 2023 (Q2 FY2023). Sapura said it also recorded positive earnings of RM313 million before interest, taxes, depreciation, and amortisation (EBITDA).

In the first quarter of the financial year 2023, Sapura recorded a profit of RM92 million after tax and minority interests, a profit of RM250 million before Ebitda and RM886 million in revenue.

Sapura has assets like oil and gas fields that is already producing 40k barrels per day and ramping up to 100k per day in 2 years via their 50% stake in Sapura OMV. In 2019, they sold this 50% share to OMV for RM4b when oil prices were lower. Today it is worth easily RM6b due to higher oil prices. On top of that Sapnrg has National Gas reserve worth RM 110 billion. It is the largest O&G support asset owner in Malaysia and 2nd largest in world.

Fortunately, CEO is a calibre CEO. he inherits many legacy contracts which is a major issue. The contractor that was engaged by Sapura Energy during Sharil's time was his crony and family related companies. That's why the term was not favourable to Sapura hence the reason DMAT rather write off those subsidiaries rather than pay the contractor.

As long as PNB is still a major shareholder and your holding cost is below them, there is no reason to fear. Recap: ASB/PNB acquired that 99mil shares on 27jul22 at 4.5 sen, which surely not for a short-term play. If institutional investor going for long term that is meant they have faith on Sapura’s going concern. This is good news for Mabel...

In 2018 if Mabel not mistaken, the right issues share priced at 30sen. Ex right was 41 sen. In 2018, when all these transaction was done, Sapura Energy net asset per share was RM1.60. So anything less is not good for PNB. PNB need to push above 41 sen. All PNB need is to just push SAP to 50 sen than Auditor On-Going-Concern remarks will disappear. Equity hit 7bil. Current Debt is 10.7Bil (short-term) but soon received assurance from Bankers to roll-over for 7years or ever and ever. Purrrfect Scenario for everyone...Anything more is a BONUS...

Under the Reset Plan, the Group’s business segments refocused its bid funnel based on capabilities and risk appetites, while enhancing project management discipline. The Group is currently executing close to 90 projects globally, nine of which commenced in the Q2 FY2023, and completed 18 projects in the same quarter. Its order book to-date stands at RM7.7 billion, 12 tender oil rigs (largest fleet in world) and many offshore ships. Great Progress. Resolving the past to regain a stable platform for the future with nice Order Booked and Fantastic Sales Funnel across the Globe. Good thing is the joint ventures (Brazil and E&P) seem to be doing well. Drilling Business as expected continue to perform

Mabel the Cool Investor..

Posted by Imformed > 2022-12-05 14:13 | Report Abuse

Finally i bought some today. Tunggu SAPU LAH !!!

Posted by Mabel > 2022-12-05 19:10 | Report Abuse

Today Lady Sapura is the Biggest Mover in Mabel Energy. Ramai insider masuk meminang...

Posted by Mabel > 2022-12-05 19:42 | Report Abuse

Stay Calm Sap believers. Learn from the Well Discipline Japanese Samurai Football Team spirit beating 2 World Cup Champions (The Great Germany and The Handsome Spain) to march to the last 16.

Be patient as it will pay you great return later..

Japan will beat Croatia to go last 8 !

Princess Himari Ichimuku Meow