Posted by jalapeno34 > 2023-03-09 11:04 | Report Abuse

Good that an extension was granted. Means the new govt is supportive.

Posted by Ninth007 > 2023-03-09 11:05 | Report Abuse

Hahahaha
Buy no bye
Jit pai Hoseh liao

Posted by limbk92 > 2023-03-09 11:40 | Report Abuse

Appendix 2
SAPURA GROUP COMPOSITE SCHEME OF ARRANGEMENT
SCHEME STRUCTURE PAPER SUMMARISING
THE ESSENTIAL COMPONENTS OF THE COMPOSITE SCHEME

6. The Proposed Corporate Exercise
6.1 SEB will, as an integral component of the Composite Scheme, undertake the following corporate exercises on or before Effective Date:
(ii) the proposed share consolidation of every 20 existing ordinary shares of SEB into 1 consolidated ordinary share of SEB

Came in at 0.05 during CNY 2021, now it's bye bye from me (hopefully also at 0.05)........

Posted by SinGor > 2023-03-09 12:01 | Report Abuse

PNB prefer Bankers have a hair first. Consolidation has no meaning unless there is RI. But PNB is not interested
in pumping in more cash, they prefer Anwar to pump-in some cash

Posted by BobAxelrod > 2023-03-09 12:05 |

Post removed.Why?

Posted by nicholas99 > 2023-03-09 12:07 | Report Abuse

Restructure is 1 thing. Forward plan is another.

So many companies restructure already. After 1-2 years gone back to huge debt.
Need to have a working plan to generate revenue to repay the debt.

Posted by DatoKembara > 2023-03-09 12:25 | Report Abuse

White knight incoming

Posted by DatoKembara > 2023-03-09 12:30 | Report Abuse

3 White knight incoming

Posted by strattegist > 2023-03-09 12:37 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-09 13:16 | Report Abuse

Bobby chai is here I immediately feel happy

Posted by TalkNumberOne > 2023-03-09 13:17 | Report Abuse

White knight coming no point, Bobby chai comes that’s the difference

Posted by TalkNumberOne > 2023-03-09 13:19 | Report Abuse

I need to start praying, Bobby chai won’t kill him self if there is hair cut and/or help from government. If both also happen he will kill himself and start killing every thing in hell aso

Posted by SinGor > 2023-03-09 13:46 | Report Abuse

from very start, i believe PNB is not interested in pumping more money. So consolidation / RI are all Rubbish.
Although, SAP cannot raise Cash/borrowing but PNB Can!! For 2yrs, PNB just sit and watch. At 5cents what ever
Cash PNB pump-in will generate ALOT of SAP's shares for PNB, still pnb is doing nothing.
PNB strategy is simple, made Bank accept "Debt for Equity" and then PNB can loan to SAP to keep Biz running.
All this boils down to " Is Sap Biz profitable and on-Going "----we will see this coming Qr Results

Posted by Imformed > 2023-03-09 13:52 | Report Abuse

SAPU LAH !!!

Posted by djibaok > 2023-03-09 13:53 | Report Abuse

FINANCE MINISTER BODOHHHHH

Posted by kyliew > 2023-03-09 14:10 | Report Abuse

PNB sit

Posted by BobAxelrod > 2023-03-09 15:59 | Report Abuse

Yeah lor......Sin Kar Lan seems to think he eats expensive dinner, someone else foot the bills......or cannot repay Bank loans, bankers need to take haircut........

Laugh die me.

Posted by TalkNumberOne > 2023-03-09 16:02 | Report Abuse

Bobby chai, I hope you don’t die la. I need your joke to survive. Don’t die so fast please

Posted by Loh Kok Wai W > 2023-03-09 16:06 | Report Abuse

https://www.orientaldaily.com.my/news/business/2023/03/09/551718....good news .

Posted by DatoKembara > 2023-03-09 16:08 | Report Abuse

White knight very soon. Make sure u bought enough

Posted by DatoKembara > 2023-03-09 16:27 | Report Abuse

good news incoming.

Posted by kaipeng911 > 2023-03-09 17:07 | Report Abuse

asking china oil company to buy sapura,all settle。but this just a dream.

Posted by Mabel > 2023-03-09 18:03 | Report Abuse

#SinGor from very start, i believe PNB is not interested in pumping more money. So consolidation / RI are all Rubbish. Although, SAP cannot raise Cash/borrowing but PNB Can!! For 2yrs, PNB just sit and watch. At 5cents what ever Cash PNB pump-in will generate ALOT of SAP's shares for PNB, still pnb is doing nothing.

PNB strategy is simple, made Bank accept "Debt for Equity" and then PNB can loan to SAP to keep Biz running.

All this boils down to " Is Sap Biz profitable and on-Going "----we will see this coming Qr Results
09/03/2023 1:46 PM

https://www.theedgemarkets.com/node/656955

Now PNB is looking to raise RM800 million to sell their Gems if not more, and the divestment is expected to be done via a tender, which closes in April.

PNB is not desperate of cash. They should maintain these precious gems for continuous stream of income. Maybank's profit RM8.2 bil...dividends from this should be hundreds of millions for PNB. Perhaps they have something in the pipeline..

Anyway, Mabel is looking forward for handsome Dividend from Maybank next week. Currently Maybank is Mabel's biggest holding under Mabel’s Visit Malaysia Year Program. Despite current bearish sentiment in Wall Streets and Bursa, the whole program positive is positive in Mabel’s P&L. Mabel Target Price for Maybank is RM 10. 

Life is so beautiful

Meow Meow Meow

Posted by Mabel > 2023-03-09 19:04 | Report Abuse

Meanwhile today, Mabel Energy Sapura Energy announced that it has obtained a new court order with its 22 subsidiaries, prohibiting creditors from taking legal action against the company within 3 months. Trading in the company was suspended for one hour in the morning to coincide with the announcement and resume at 10am.

Beside the above, they also announced they will propose share consolidation of every 20 existing ordinary shares of SEB into 1 consolidated ordinary share of SEB" and the cumming of White Knight.

Usually after share consolidation the price will drop but will recover with performance. Eg is AAX price from 8 sen, after consolidation become 40 sen and now the price is RM 1.14. Meaning no more penny stocks!

To RM 1 with loves...

Captain Mabel Meow

Posted by Mabel > 2023-03-09 19:09 | Report Abuse

DatoKembara White knight very soon. Make sure u bought enough
09/03/2023 4:08 PM

Haha with the cumming of White Knight, time to change Captain Mabel's Armour from Samurai Black to English White..Hihihi

Posted by strattegist > 2023-03-09 19:19 |

Post removed.Why?

Posted by Alexks8888 > 2023-03-09 19:32 | Report Abuse

Good 0.05

Posted by Loh Kok Wai W > 2023-03-09 19:35 | Report Abuse

Sapura will SETTLE PROBLEM future....Confidence ,Support n serious...must Pass....

Posted by BobAxelrod > 2023-03-09 19:43 | Report Abuse

Hahahaha........ole Loh dah beli sikit.

Posted by kyliew > 2023-03-09 19:52 | Report Abuse

QR result this week?

Posted by TalkNumberOne > 2023-03-09 22:57 | Report Abuse

Bobby chai why so happy?

Posted by kaipeng911 > 2023-03-09 22:59 | Report Abuse

differentlah，how to compare sapura with aax?sapura if no gov bailout，maybe will delist. you 0.3million ringgit will burn off.

Posted by strattegist > 2023-03-09 23:47 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-10 10:30 | Report Abuse

So funny la so many new names again

Posted by Alexks8888 > 2023-03-10 10:36 | Report Abuse

Good 0.050 wait QR result soon

Posted by nicholas99 > 2023-03-10 10:38 | Report Abuse

all velesto, and etc all red leh.

Posted by SinGor > 2023-03-10 11:15 | Report Abuse

Everyday management has to Call Bankers to come-in for "Hair-Cut" and the standard answer is besok, lusa,
and standard ---sembahyang dulu. If Bankers donT come-in in 3 months time, i think Cut gugu is final offer

Posted by jalapeno34 > 2023-03-10 11:30 | Report Abuse

sapura is more than a precious gem. it's a national treasure. we used the discovery of our oil fields in the 70s & 80s to grow our local capability in offshore exploration and production. other countries like UK, when they discovered the north sea fields in the 60s and 70s squandered the opportunity to build local capability to do offshore exploration and production - they relied mostly on foreign companies. So apart from the revenue for the UK government (which went to subsidies and welfare programs), there was no homegrown UK company with local talent built to do offshore exploration and production.

Posted by William Ng > 2023-03-10 11:53 | Report Abuse

if got banker wanna push, they should push within next week...

Posted by kyliew > 2023-03-10 13:11 | Report Abuse

How to push ? Push to what range price n stay there like Velesto 0.20

Posted by nicholas99 > 2023-03-10 13:37 | Report Abuse

judgment day should be around June. :)

Posted by kyliew > 2023-03-10 14:54 | Report Abuse

RM0.45? In year 2026?

Posted by Understand > 2023-03-10 15:11 | Report Abuse

Sure or not. Meow already kau kau lost at SD. Really joker.

Posted by BobAxelrod > 2023-03-10 19:12 |

Post removed.Why?

Posted by BobAxelrod > 2023-03-10 19:16 |

Post removed.Why?

Posted by BobAxelrod > 2023-03-10 19:18 |

Post removed.Why?

Posted by Nikmon > 2023-03-10 19:32 | Report Abuse

Lim resign after appointed as majority creditor director......haha

Posted by BobAxelrod > 2023-03-10 19:37 |

Post removed.Why?

Posted by kyliew > 2023-03-10 19:52 | Report Abuse

Nikmon u okay?

Posted by BobAxelrod > 2023-03-10 20:16 |

Post removed.Why?