Wah...didn't know Uncle is 92 years old.. Can see screen or not...hahaha ============ Getting WORST this PN 17 Sapu E unlike other healthy O & G TO ?... RIP { Rest In Peace } Soon #BursaOTAI-Now92 19/10/2022 9:09 AM
Haha Uncle..
FYI, Mabel has exposure in the Energy Sector with my collection of Energy Stocks. Usually my Value Investing and Trading Investments are between 2-3 years and less than 1 year respectively. Mabel has looked at Yinson’s historical numbers. It shows that as of July 2022 Yinson Holdings Berhad had RM10.0b of debt, an increase on RM7.33b, over one year. However, it also had RM3.87b in cash, and so its net debt is RM6.15b. The latest balance sheet data shows that Yinson Holdings Berhad had liabilities of RM2.91b due within a year, and liabilities of RM9.60b falling due after that. Offsetting these obligations, it had cash of RM3.87b as well as receivables valued at RM892.0m due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by RM7.75b.
When you consider that this deficiency exceeds the company's RM6.24b market capitalization, you may want to review the balance sheet intently. In the scenario where the company had to clean up its balance sheet quickly, it seems likely shareholders would suffer extensive dilution.
Yinson Holdings Berhad's debt is 4.2 times its EBITDA, and its EBIT cover its interest expense 2.8 times over. This suggests that the debt levels are significant. Even more troubling is the fact that Yinson Holdings Berhad actually let its EBIT decrease by 8.5% over the last year. If that earnings trend continues the company will face an uphill battle to pay off its debt.
A business needs free cash flow to pay off debt; accounting profits just don't cut it. So the logical step is to look at the proportion of that EBIT that is matched by actual free cash flow. Over the last three years and soon four years, Yinson Holdings Berhad saw substantial negative free cash flow, in total. While that may be a result of expenditure for growth, it does make the debt far riskier.
Mulling over Yinson Holdings Berhad's attempt at converting EBIT to free cash flow, I’m certainly not comfortable. Even its net debt to EBITDA fails to inspire much confidence. Yinson Holdings Berhad just has too much debt.
UK in the Mess US in the Mess China in the Mess
Haha so what's new?
Haha Uncle need to attend some classes..
Have you heard about the Accumulation Phase?
In case Uncles and Aunties don't know, this is the Phase where all the rich investors and institutions buyers are accumulating..
Once they have collected enough, they will starts pushing the price up..
As long as Mabel's collection is below Big Brother's PNB Average holdings, Mabel has nothing to worry..
TalkNumberOne mabel don’t need to teach uncle la. Waste of energy. Stuck up mentality that’s why he is a failure in life and wasting time in forum every second 19/10/2022 8:43 PM
Haha TNO...
Mabel pity Uncle. Mabel very companionate one. Hate to see Uncle lose money..
While we are collecting our National Treasure at very dirt cheap price of 4 sen, Uncle is collecting Non National treasure at RM 2.14..
Both Mother and Daughter are having highly profitable P&L..
31/10/2022 end of QR 3 report. Early December QR 3 is expected to be released. With the selling of recent assets, Mabel is expecting another progressive excellent result..
Mabel just continue to sapu Mother and Daughter at dirt cheap price and continue Goyang Kaki with my beautiful legs...come join SAPURA ENERGY BERHAD MILLIONAIRES CLUB@Facebook
#KingSingh Mabel just continue to sapu Mother and Daughter at dirt cheap price and continue Goyang Kaki with my beautiful legs...Nice to know positive minded people like MABLE.. You will always be the markets darling when 5218 hits the jackpot. The Singh from Sapura Energy Millionaires Club @Facebook...loves yr postings. 20/10/2022 6:27 PM
Well done Boys!. The feeling is mutual Guys..
Here's what happened today while Mabel was busy engaging with my New York Team..
SE Mother climbs by 25% SE WA climbs by 60% SD Mother climbs by 60% SD WA climbs by 150%
Sudah mau due date leh. Tinggal few days only. What to expect from the proposal.
Restructuring is ongoing. SAPE’s total borrowings stood at MYR11bn as of 2QFY23 (Jan) and continued to be classified under current liabilities with the breach of financial covenants. The Corporate Debt Restructuring Committee of Malaysia (CDRC) has accepted SAPE’s application to mediate its debt restructuring negotiations with lenders, and the company is expected to submit a proposal for a restructuring of its debts within 60 days from 1 Sep.
Janda Sapura mau jual SpauraOmv lagi kah. Jewel of the crown leh. Haiyoh. Correct?
SAPE has completed the disposal of Sapura 3000 in August and is in the midst of disposing three tender assisted drilling rigs – Sapura T-19, Sapura T-20 and Sapura Setia – for USD8.2m. Apart from the potential conversion of debt to equity being part the restructuring plan, we do not discount the possibility of a partial sale of its 50% stake in SapuraOMV, its upstream exploration and production arm.
Then banks become majority shareholders. Current shareholders become minority shareholder including PNB also leh. PNB can accept this. Ingat pun not easy to accept leh. Haiyoh. Correct?
See WA >> Kena PREQQ edi..... ** Conversion Price 49 sen for mother share- Now merely peanut 4 sen Beware Innocent Newbies - mouse trap set especially for you Gaiis WA Fair Value = Toilet Paper = Jamb*n #BursaOTAI-92YrsOld
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....
Mabel
23,286 posts
Posted by Mabel > 2022-10-19 18:53 | Report Abuse
#OKU_2020 Mabel@
16/10/2022 10:15 PM
Wah...didn't know Uncle is 92 years old..
Can see screen or not...hahaha
============
Getting WORST this PN 17 Sapu E unlike other healthy O & G
TO ?... RIP { Rest In Peace } Soon
#BursaOTAI-Now92
19/10/2022 9:09 AM
Haha Uncle..
FYI, Mabel has exposure in the Energy Sector with my collection of Energy Stocks. Usually my Value Investing and Trading Investments are between 2-3 years and less than 1 year respectively. Mabel has looked at Yinson’s historical numbers. It shows that as of July 2022 Yinson Holdings Berhad had RM10.0b of debt, an increase on RM7.33b, over one year. However, it also had RM3.87b in cash, and so its net debt is RM6.15b. The latest balance sheet data shows that Yinson Holdings Berhad had liabilities of RM2.91b due within a year, and liabilities of RM9.60b falling due after that. Offsetting these obligations, it had cash of RM3.87b as well as receivables valued at RM892.0m due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by RM7.75b.
When you consider that this deficiency exceeds the company's RM6.24b market capitalization, you may want to review the balance sheet intently. In the scenario where the company had to clean up its balance sheet quickly, it seems likely shareholders would suffer extensive dilution.
Yinson Holdings Berhad's debt is 4.2 times its EBITDA, and its EBIT cover its interest expense 2.8 times over. This suggests that the debt levels are significant. Even more troubling is the fact that Yinson Holdings Berhad actually let its EBIT decrease by 8.5% over the last year. If that earnings trend continues the company will face an uphill battle to pay off its debt.
A business needs free cash flow to pay off debt; accounting profits just don't cut it. So the logical step is to look at the proportion of that EBIT that is matched by actual free cash flow. Over the last three years and soon four years, Yinson Holdings Berhad saw substantial negative free cash flow, in total. While that may be a result of expenditure for growth, it does make the debt far riskier.
Mulling over Yinson Holdings Berhad's attempt at converting EBIT to free cash flow, I’m certainly not comfortable. Even its net debt to EBITDA fails to inspire much confidence. Yinson Holdings Berhad just has too much debt.
UK in the Mess
US in the Mess
China in the Mess
Haha so what's new?
Haha Uncle need to attend some classes..
Have you heard about the Accumulation Phase?
In case Uncles and Aunties don't know, this is the Phase where all the rich investors and institutions buyers are accumulating..
Once they have collected enough, they will starts pushing the price up..
As long as Mabel's collection is below Big Brother's PNB Average holdings, Mabel has nothing to worry..
Still collecting..
Meow Meow Meow