Posted by strattegist > 2023-03-05 16:59 |

Post removed.Why?

Posted by kyliew > 2023-03-05 22:19 | Report Abuse

14 March deadline for the scheme of arrangement (vendor) right?

Posted by Alexks8888 > 2023-03-05 22:38 | Report Abuse

Soon lolz

Posted by strattegist > 2023-03-05 23:07 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-06 11:37 | Report Abuse

Bobby chai and Oku went missing. No more amusement here. Ciaoz comrades, I am going for a quest to hunt for the jokers

Posted by Follow80 > 2023-03-06 11:55 | Report Abuse

Wakakakakaka

Posted by strattegist > 2023-03-06 12:36 |

Post removed.Why?

Posted by izoklse > 2023-03-06 15:00 | Report Abuse

pnb sapu velesto and later come to sapula

Posted by Loh Kok Wai W > 2023-03-06 16:23 | Report Abuse

0.045 strong support....0.05 strong resistance......

Posted by Mabel > 2023-03-06 19:20 | Report Abuse

Let's hope for Good QR to break this resistance..

Posted by Mabel > 2023-03-06 19:21 | Report Abuse

Right now SAP is still good P&L as far as Mabel's trading is concern.. Green...No Period..

Meow

Posted by Alexks8888 > 2023-03-06 19:38 | Report Abuse

Soon, count down this 2 week

Posted by strattegist > 2023-03-06 19:46 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-06 19:49 | Report Abuse

Meow meow finally you outlast Bobby chai and Oku. They went hiding already

Posted by strattegist > 2023-03-06 20:40 |

Post removed.Why?

Posted by OKU_2020 > 2023-03-06 20:57 | Report Abuse

hmmm.......

Posted by TalkNumberOne > 2023-03-06 21:36 | Report Abuse

Hahaha Woi OKU is back, only Bobby chai hiding

Posted by Mabel > 2023-03-06 22:17 | Report Abuse

#Loh Kok Wai W 0.045 strong support....0.05 strong resistance......
06/03/2023 4:23 PM

Haha soon Resistance will becum Support...

Charts still looking good..

All it needs is another good QR..

To Our Success!

Meow Meow Meow

Posted by Mabel > 2023-03-06 22:18 | Report Abuse

#TalkNumberOne Meow meow finally you outlast Bobby chai and Oku. They went hiding already
06/03/2023 7:49 PM

Haha what do you expects with old men?...

They never can hold anything..totally waste of time..

Posted by TalkNumberOne > 2023-03-06 23:32 | Report Abuse

Meow meow old man is fine not a problem. But old man with big ego and talk a lot with zero deliverables that is the real problem.

Posted by strattegist > 2023-03-07 04:47 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-07 07:35 | Report Abuse

Oku sounds like this This language barrier guy. Forget to change ID?

Posted by strattegist > 2023-03-07 09:53 |

Post removed.Why?

Posted by IronShirt > 2023-03-07 10:04 | Report Abuse

Out of every RM1 in liabilities owed, roughly 25 sen will be refinanced. Another 20 sen will be converted into perpetual non-tradable in-kind notes with a 5% coupon per annum. The perpetual paper is convertible into ordinary shares of Sapura Energy in its fourth year.

The remaining 55 sen will be converted into perpetual non-tradable zero-coupon notes issued by Sapura Energy, which will then be converted into shares in its subsidiaries, namely Sapura Drilling Sdn Bhd, Sapura Technology Solutions Sdn Bhd and Sapura Geosciences Sdn Bhd, in the fourth year.

The obvious next question is whether the lenders taking part in the scheme of arrangement would see large provisions that could drag down earnings in the upcoming quarters.

The financiers involved in the multi-currency facilities (MCF) agreement are Maybank Islamic Bank Bhd, CIMB Bank Bhd, RHB Bank Bhd, AmBank Islamic Bhd, Export-Import Bank of Malaysia Bhd, United Overseas Bank Ltd, ING Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp.

Analysts contacted by The Edge say they do not think the troubles at Sapura Energy would significantly impact the banks involved.

“Sapura is not a new account and the development is not fresh per se. They [banks] have been putting in provisions even before this [latest development]. So the level of provisions should be sufficient,” says Hong Leong Investment Bank analyst Chan Jit Hoong.

Posted by IronShirt > 2023-03-07 10:12 | Report Abuse

Looks like no RI for ikan bilis and PNB, All 10billion will be recycled into perpetual paper loans, convertible into
shares. Bankers pump up shares price and unload?? However Sap still need cash injection from Anwar.
Anyway the moment Bankers make acceptance speech, price will leap 10fold from current price.

Posted by DatoKembara > 2023-03-07 10:29 | Report Abuse

Collect & keep

Posted by Mabel > 2023-03-07 13:17 | Report Abuse

As SinGor said...PNB holds 48% of MayBank and 41% of SAP. If Banks liquidate SAP asset ( 3-4 billion asset) belong to PNB. This sound funny since what PNB does is Raiding Right pocket to fill Left pocket.

Capital injection is possible to help B40 Companies like Sapnrg..

https://www.theedgemarkets.com/node/657902

During early 2020, Malaysia pledged that they will donate 18 million pieces of medical gloves to China to assist in the fight against the novel coronavirus. Malaysia is the world’s largest producer of medical gloves, exporting approximately 180 billion pieces worldwide.

When Teresa announced this Mabel starts entering into the Glove Industry with investiment into Glove Fantastic 4 with the intention to help China. Little that she knew that these investment became her biggest breakthrough when Glove Prices rockets to the skies due to exponential demand from the World Market.

With Clear healthy Profits Margin, The Government impose Cukai Makmur to increase Malaysia revenue. Perhaps it’s time for the Bank to also do their part to help Malaysian during this recovery phase of our economy..

KUALA LUMPUR (March 6): Putrajaya has instructed banking institutions that recorded substantial profit to help low-income earners, commonly known as the B40 group, through their corporate social responsibility (CSR) programmes.

Meow

Posted by Mabel > 2023-03-07 13:19 | Report Abuse

Reflecting full resumption of economic activities supporting post pandemic, Banks’ core earnings rose 10% YoY in 12M22, to a new high. Supported by record high CPO prices but offset by weaker production. Fortunately Mabel’s Indonesia Plantation gain from Malaysian weak production which explained why Mabel’s Indonesian Plantation are having Stellar Result when compare with the Malaysian. Despite this hickup, Plantation profits rose 2% YoY and it was the second largest contributor to our research universe earnings. Core profit of Petrochem fell sharply by 31%.

Meow

Posted by kyliew > 2023-03-07 15:22 | Report Abuse

14 March 2023 deadline!!!!

Posted by Follow80 > 2023-03-07 16:55 | Report Abuse

Dead

Posted by TalkNumberOne > 2023-03-07 17:41 | Report Abuse

Meow meow I like your b40 sapnrg

Posted by speakup > 2023-03-07 18:01 | Report Abuse

This company is tooooo big to fail. If it bungkus a lot of Bumi will suffer

Posted by IronShirt > 2023-03-07 18:24 | Report Abuse

alot of pressure by Bank Negara for Lenders to accept package deal. Postpone another 6 months are for
bank investors EGM and then SAP egm. Very close to done deal. You see SerB cannot even offer similar
deal, but owe 13bil

Posted by speakup > 2023-03-07 18:25 | Report Abuse

PMX still belum.sedar. still slumber

Posted by TalkNumberOne > 2023-03-07 18:32 | Report Abuse

Hahaha bank can choose not to accept. Keep on delaying only lo hahaha. 6 months after 6 months after 6 months

Posted by SinGor > 2023-03-07 18:37 | Report Abuse

SAP jack-up Rigs was bought from Seadrill at RM8.64Bil., even loss half its value, we are still Talking about 4Bil
value. Therefore SAP Drilling Rigs Co can expand shares to accept Banker's Debt ( as stated in the Edge )

Posted by DatoKembara > 2023-03-07 18:46 | Report Abuse

what package deal?

Posted by DatoKembara > 2023-03-07 18:47 | Report Abuse

White-knight deal?

Posted by SinGor > 2023-03-07 19:03 | Report Abuse

Once bankers accept proposal, you immediately see 10bil removed from SAP Current Liabilities. If you check
long term Debt ---there is Hardly any ( look at latest Qr, you will understand )
Basically SAP can borrow another 10bil (hahahaha ) This what Bankers are afraid!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by SinGor > 2023-03-07 19:05 | Report Abuse

So Iron is correct, price can leap 10X

Posted by Nikmon > 2023-03-07 19:13 | Report Abuse

Any updates, the proposal was publish last year, no news except keep extension

Posted by SinGor > 2023-03-07 19:29 | Report Abuse

SAP proposal "Debt for Equity swap" is a standard world wide. DonT think anybody can improve on it

Posted by TalkNumberOne > 2023-03-07 19:58 | Report Abuse

Anyway is speculation, place your bet and wait for the result

Posted by izoklse > 2023-03-07 20:42 | Report Abuse

will start to eat this delicious cake. nyam nyam nyam

Posted by TalkNumberOne > 2023-03-07 22:21 | Report Abuse

For some unknown reason, Oku and co completely missing

Posted by Mabel > 2023-03-07 22:28 | Report Abuse

#SinGor Once bankers accept proposal, you immediately see 10bil removed from SAP Current Liabilities. If you check long term Debt ---there is Hardly any (look at latest Qr, you will understand )

SAP proposal "Debt for Equity swap" is a standard world wide. DonT think anybody can improve on it
07/03/2023 7:03 PM

SinGor So Iron is correct, price can leap 10X
07/03/2023 7:05 PM

TalkNumberOne Meow meow I like your b40 sapnrg
07/03/2023 5:41 PM

Me too ...

Today KWAP just announced they acquired 23,241,000 Million Mabel's Tiger Bank.

Soon Mabel can ROARRR instead of purring Meowwww..

Meow Meow Meow

Posted by Mabel > 2023-03-07 22:33 | Report Abuse

Analysts contacted by The Edge say they do not think the troubles at Sapura Energy would significantly impact the banks involved.

“Sapura is not a new account and the development is not fresh per se. They [banks] have been putting in provisions even before this [latest development]. So the level of provisions should be sufficient,” says Hong Leong Investment Bank analyst Chan Jit Hoong.

Posted by strattegist > 2023-03-07 22:49 |

Post removed.Why?

Posted by SinGor > 2023-03-08 09:27 | Report Abuse

yes, bank(s) can keep delaying (another 6months) but at some point CDRC can move Debts (certain Banks)
into Urusharta. I mean this is Abyss for Bad Debt relocation, no time frame for revival. Banks are better writeoff
these Debt than to keep it inside their Books

Posted by BobAxelrod > 2023-03-08 09:30 |

Post removed.Why?