#Understand Ahyo, if got conned by fake promoting then they deserve to learn a lesson. If Meow also cannot lepas then apa lagilah buaya sama jerung.
11/03/2023 12:27 AM
Indeed!
There are over 100 stock investing and trading strategies, the "best" is always the one fits into one's personality. "Honey" or "Poison" is always a choice depending on personality, similar to many medicines could be a poison if applied to wrong patients. Most of the well-known investors are known contrarian investors, eg. Warren Buffett, Jim Rogers, Benjamin Graham, John Templeton, etc, demonstrating "Buy Low Sell High" does work. However, for the same strategy to work for you, need to learn the conditions for applications…
Mabel is here to catch " Salmon" in very murky water. Either you are In or Out. You have to burn your Textbooks if you want to Fish here...
Even putting your money in a cemetery is not safe these days. Someone even lose 60% in that cemetery. You wang to be safe better put your money in FD and don't play with Stock Market.
Stock Market is only for Big Boys and Gals. Certainly not for jumpy Old men and crying babies..
20:1 share consolidation, then more than 100% new shares (various form mostly not convertible in next 5 year)....PNB holding 46% of the shares which will dilute progressly over the 7 uears
(Kuala Lumpur, 11th) Sapura Energy (SAPNRG, 5218, main board energy stocks) finally found a "white warrior", who is expected to inject RM1.8 billion to assist the company in its restructuring.
According to the report of the financial weekly "The Edge", when reading the court documents, it was found that Sapura Energy received a letter on the 15th of last month, stating that a "white warrior" intends to provide funds for the company, but there are conditions attached.
With the addition of the "White Warrior", the company is waiting for an opportunity to launch a new plan to restructure its RM10.3 billion debt.
The additional conditions include that the relevant amount and regulations will be discussed and implemented by the two parties again, and at the same time, it is necessary to agree to adopt a multi-currency financing plan.
Still, the "White Warrior" is not named on court documents, so his identity remains a mystery.
According to multiple sources, the "White Warrior" is expected to come from an oil and gas company in the Middle East. It is believed that a series of negotiations began in November last year.
In response to the matter, the representative of Sapura Energy said that once there is the latest restructuring progress, it will inform Bursa Malaysia, the market and the media as soon as possible, but did not disclose the identity of the "White Warrior".
On the 8th of this month, the High Court announced that Sapura Energy and its 22 subsidiaries had obtained a new court order, prohibiting creditors from taking legal action against the company within three months.
During these three months, both parties also need to hold a meeting with each creditor, so that the company can carry out debt restructuring work with creditors without being distracted by legal disputes.
Sapura Energy Chief Executive Officer Datuk Mohd Annuar Thai said in a statement that despite the limited working capital and the challenging macroeconomic environment, the company's financial performance has improved significantly compared to the previous year.
I found gov is naive, Najib is more business sense in this case, now they letting outsiders take a big chunk from Malaysia oil assesst and oil service, do you know that how many Bumi vendor depend on sapura.
Now you letting outsiders invest with cheap, later they can exist with handsome profit ..gov should has business sense and integrity, seem like too luxury to have both
Ichina gov invest business which stop by USA, reason unfair to USA firm,
Malaysia different, Rakyat stop gov invest in national important assesst....let outsider take advantage on Malaysia oil assesst which impact by COVID...
Gov don't know SAP now belong by National? Gov don't know crony has been flush out by PNB, replace with non polical background CEO....
Now this outsider white knight take advantage on cheap oil assesst, they put condition will only invest if creditors agreed on the haircut plan...easy money for outsider investors
Wow Saudi Aramco Net Profits is USD 161.1 Billion in 2022..so Strong, so Macho, so Power..
Back to Lady Sapura Battleship......
Sapura QR Result for 1, 2, 3. Q4 coming out this month
Recap..
Sapura Energy Bhd has recorded a revenue of RM1.27 billion with positive earnings of RM75 million before taxes for the 3rd quarter of the financial year 2023 (Q3 FY2023).
Sapura Energy Bhd has recorded a revenue of RM1.17 billion with positive earnings of RM25 million before taxes for the 2nd quarter of the financial year 2023 (Q2 FY2023).
Sapura Energy Bhd has recorded a revenue of RM887 million billion with positive earnings of RM96 million before taxes for the 1st quarter of the financial year 2023 (Q1 FY2023).
Sapura has National Gas reserve worth RM 110 billion. It is the largest O&G support asset owner in Malaysia...
PETALING JAYA: Former prime minister Najib Razak insists that the government offer a loan guarantee to Sapura Energy Bhd in order to save its oil reserves from falling into foreign hands before its full potential can be realised.
He said the company’s subsidiary, Sapura OMV, owned oil and gas reserves of 264 million barrels with a gross value of RM110.8 billion.
Malaysia's most valuable mineral resources are its reserves of petroleum and natural gas. Crude oil, refined petroleum, and, more recently, liquefied natural gas together account for a major portion of the country's commodity export earnings.
Almost all the major oil and gas fields are offshore—off the east coast of the peninsula (Terengganu and Kelantan), the northeast coast of Sarawak, and the west coast of Sabah.
In 2022, the export volume of crude petroleum from Malaysia totalled approximately 8.87 million metric tons, a slight decrease from around 8.9 million metric tons in the previous year.
Malaysia holds 3,600,000,000 barrels of proven oil reserves, ranking 28th in the world and accounting for about 0.2% of the world's total oil reserves of 1,650,585,140,000 barrels.
Malaysia has proven Oil reserves equivalent to 13.9 times its annual consumption. This means that, without Net Exports, there would be about 14 years of oil left (at current consumption levels and excluding unproven reserves) while the Natural Gas reserves equivalent to 38.8 times its annual consumption. This means it has about 39 years of gas left (at current consumption levels and excluding unproven reserves).
Lady Sapura owned oil and gas reserves of 264,000,000 million barrels with a gross value of RM110.8 billion.
Fossil Fuel O&G (Petroleum, chemical and LNG contributes) about 312 billion of Malaysia exports making it the 2nd largest contributor after Electrical and Electronic. Mabel Palm Oil comes 3rd with a contribution of about 98 billion of Malaysian exports in 2022.
Malaysia's export value rose 25% year-on-year (y-o-y) to a record RM1.55 trillion in 2022, on the back of increased shipments to all its major trading partners. The export value in 2022 exceeded the Twelfth Plan projection for 2025, three years ahead of target, as exports to Asean, China, the US, the EU and Japan registered a new record high.
Definitely not the world largest reserves la. Even Malaysia reserves not the largest in the world. Big yes definitely, one of the joke these Bobby chai and co always make is 10B is a lot.
For “ikan bilis” like Bobby chai it’s a lot. Come on la, I won’t want to call anyone ikan billis if you act like normal. But Bobby chai and gang act smart. Big or small, a lot or less has to be used in relation to.
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
23,921 posts
Posted by Mabel > 2023-03-11 00:19 | Report Abuse
Huangbk72 @understand
Really doesn’t matter if ConMabel is paid promoter or Ikan bills.
The fact that this conman posts fake information to promote SD.. that’s wrong. Not once but always caught red handed.
11/03/2023 12:07 AM
Haha Like you caught red handed from cemetery star ...
Meow