Posted by nicholas99 > 2023-03-20 10:55 | Report Abuse

europe so rich. simply save one bank also 10-30billion us dollar. we want to save sapura 10bil RM also like want to die like that.

Posted by BobAxelrod33 > 2023-03-20 10:55 | Report Abuse

How well Petronas is doing is none of our concern, so long as contributing to LHDN. If Petronas wanted SAP, they would have taken over some 3,000,000 years ago.

PMx is saying no Bailouts. He even refused to allow one more EFP witdrawal as he mentioned would harm the country's Financial system and recovery.

Now, if he u-turn, that would be something we would be shocked out of our skins!

Posted by Huangbk72 > 2023-03-20 10:57 | Report Abuse

Sigh... who is silly enough to take over and assume SAP DEBT of over 16B? anyone will a sane mind will know its not possible.

Shortcut is to take it private, break SAP into pieces. Bumi contractors will still have work.

Posted by TalkNumberOne > 2023-03-20 10:57 | Report Abuse

Bobby god PMS want to explain what I asked you first? Don’t hide come clean

Posted by SinGor > 2023-03-20 10:59 | Report Abuse

94

Banking chaos timeline: What happened this week
Scroll back up to restore default view.
Oliver Hirt and Stefania Spezzati
Sun, March 19, 2023 at 4:41 AM GMT+8
In this article:

CSGN.SW
-8.01%
Watchlist
By Oliver Hirt and Stefania Spezzati

(Reuters) - UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of the discussions told Reuters on Saturday.

The talks are still ongoing and the figure could change as several scenarios are still under review, the person said.

The guarantees would cover the cost of winding down parts of Credit Suisse and potential litigation charges, the source said. A second person confirmed this without specifying the $6 billion figure.
___________________________________

Anwar give RM10billion Gov guarantee to SAP and received " a Non-Tradeable" Shares for 10years. SAP
Debt is solved

Posted by BobAxelrod33 > 2023-03-20 11:03 | Report Abuse

Hey kid....how much does SAP makes each year????? Have you checked????

And while the Govt Guaranteed Bonds needs 10 years, meanwhile what would shareholders be getting????? ....Nothing???.....No??

Posted by BobAxelrod33 > 2023-03-20 11:06 | Report Abuse

Even if the banks, and assuming they agreed to hold Papers for Debts....for next 10 years.....what make you think they, the Banks are in Control of SAP??? And what is there to stop them from giving Banks and screw from behind????

Posted by BobAxelrod33 > 2023-03-20 11:07 | Report Abuse

You think these Banks just want papers or A4 papers for real money?????

Bankers are not stu...peed people......

Posted by nicholas99 > 2023-03-20 11:10 | Report Abuse

if sapura bankrupt, they get nothing. :P

Posted by DatoKembara > 2023-03-20 11:11 | Report Abuse

What we know so far:
- on 15Feb SAP received a formal letter from White Knight
- Financial support is in the form of 1.8Bi cash injection
- White Knight likely to be an O&G company from middle east
- SAP will keep the regulator, market & media posted
-SAP have till June 10th to restructure its Debt
-SAP would undertake several corporate exercise: share capital reduction, shares consolidation, issue new shares

-proposed share consolidation: 20:1
-SAP will issue 500mil shares at Rm1.00 to creditors as part settlement
-SAP proposed issuance ICUIDS worth 1.5Bil to creditors as part settlement
-SAP also mulling the sales of some of its assets, including 50% stake in SapuraOMV for Rm2.25bil

-SAP said it would be able to settle about 4.75Bi of its borrowing within 7 Years, through asset disposal and cash generated from existing and new contracts

Orderbook 2023
-6.8Bil, contract wins in 2023 3.4Bil
-orderbook JV 5.7Bil

Posted by BobAxelrod33 > 2023-03-20 11:13 | Report Abuse

You must be blind!!!!

The Bankers are waiting to liquidate all their Assets and recover whatever possible.....understand??? This is called Assets stripping and sell them off for some back pay. The rest of the Debts are in "Bad Debts" account and write off as and when they want to offset Profits....Tax free!!!



Posted by nicholas99 > 2 minutes ago | Report Abuse

if sapura bankrupt, they get nothing. :P

Posted by BobAxelrod33 > 2023-03-20 11:13 | Report Abuse

Learn from the master banker la......

Posted by BobAxelrod33 > 2023-03-20 11:14 | Report Abuse

You never watch "Pretty Woman??? Richard Gere???....No??

Posted by Bon888 > 2023-03-20 11:16 |

Post removed.Why?

Posted by BobAxelrod33 > 2023-03-20 11:17 | Report Abuse

If I were a rich Oil Tycoon, multi Billionaire........I would want the bankers to wind up the company, sell all their assets to me at dirt cheap prices, do another IPO and list the NewCo.......current shareholders are toasts and the Bankers are happy to get their Cash back immediately, not in another 10 years..............

Posted by BobAxelrod33 > 2023-03-20 11:18 | Report Abuse

Now, this is the most twisted and disturbing facts he posted....

IF SAP CAN OFFER BACK 80% TO BANKERS............................THAT DEAL WOULD HAVE BEEN DONE , LIKE 5,000,000,000 YEARS AGO.....




Posted by Bon888 > 1 minute ago | Report Abuse

What is bondholder haircut in debts restructuring?
When a bank takes a 'haircut', it means it accepts less than what was due in a particular loan account. Example: if a bank was owed $10,000 by a borrower and it agrees to take back only $ 8,000, it takes a 20% haircut. Banks do this for accounts where chances of making a full recovery are bleak.

In simple term tell the banks you take the haircut or you get the junk yards and the oil reserves.

Posted by BobAxelrod33 > 2023-03-20 11:19 | Report Abuse

That's why scammers and liers lie about banks taking haircut.......they claim can pay back 80%

Posted by BobAxelrod33 > 2023-03-20 11:21 | Report Abuse

I have personally done Debts Recovery from Bad and Doubtful Debts many, many years ago at a local Bank. I have even proposed and done deals at 60% cash + 15% debt papers redeemable in 5 years........

So, don't lie to me if SAP can offer 80% CASH payment.......

Posted by nicholas99 > 2023-03-20 11:22 | Report Abuse

if got white knight 1.8bil + 60% haircut. realistically.. maybe 6bil can settle.

Posted by BobAxelrod33 > 2023-03-20 11:25 | Report Abuse

I don't even want to start thinking why banks would take a 60% reduction (haircut)..........you know better.




Posted by nicholas99 > 1 minute ago | Report Abuse

if got white knight 1.8bil + 60% haircut. realistically.. maybe 6bil can settle.

Posted by BobAxelrod33 > 2023-03-20 11:27 | Report Abuse

Next time, if there are anyone with troubles with Ah Long.....maybe they can contact you for help to get 60% haircut?????




Posted by nicholas99 > 1 minute ago | Report Abuse

if got white knight 1.8bil + 60% haircut. realistically.. maybe 6bil can settle.

Posted by Bon888 > 2023-03-20 11:28 | Report Abuse

Is either accept the offer (new repayment terms and haircuts) or banks get the Sapura junk yards

Posted by Huangbk72 > 2023-03-20 11:30 | Report Abuse

If Sapura has junk yards, why Banker accept haircuts? Delay the inevitable?

Posted by nicholas99 > 2023-03-20 11:31 | Report Abuse

yeah la. they got the asset no use. they don't have the expertise to make money with the asset.. later have to sell the asset cheaply.

Posted by kaipeng911 > 2023-03-20 11:38 | Report Abuse

sapura will come out bad QR.?

Posted by DatoKembara > 2023-03-20 11:40 | Report Abuse

If u owe the bank 1 mil, you're in trouble
If u owe the bank 1 Bil, then the Bank is in trouble.

Bank will try their best to make sure u stay alive, "hopefully" u can repay them

Posted by qqq668 > 2023-03-20 11:41 | Report Abuse

Will be laughing stocks to the world that a local oil n gas co, sapura to let it go under. This oil n gas eco system will be spoilt. It takes long time for Malaysia to build a sizeable oil n gas co, since Renong time. Petronas is stronger wth record profits last year. They also need player like sapura. They will help as seen before, by offering faster payment, guarantee to ease sapura cash flow. Oil majors are boosting exploration projects after securing good profits last year. Outlook is definitely bright for oil n gas co.

Posted by BobAxelrod33 > 2023-03-20 11:47 | Report Abuse

QR has no bearing whatsoever to the Winding Up ........proceed on 8th June 2023.



Posted by kaipeng911 > 5 minutes ago | Report Abuse

sapura will come out bad QR.?

Posted by BobAxelrod33 > 2023-03-20 11:48 | Report Abuse

Bankers would keep you alive so long as you're making them profitable....you've stopped paying and gone underwater. Heart beat flatlined.....so what do they still want you around for????





Posted by DatoKembara > 6 minutes ago | Report Abuse

If u owe the bank 1 mil, you're in trouble
If u owe the bank 1 Bil, then the Bank is in trouble.

Bank will try their best to make sure u stay alive, "hopefully" u can repay them

Posted by BobAxelrod33 > 2023-03-20 11:49 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-20 11:51 | Report Abuse

Bobby god talk so much what for? We wait and see la got haircut or not, can get out pn17 or not. Why you so worry

Posted by BobAxelrod33 > 2023-03-20 11:52 | Report Abuse

Now 888 wants to say SAP Paper Debts more valuable than rusty irons.....junk yards....and old rusty nails................

What's most valuable to Bankers (or Trade Customers) is that your WORDS are Bonds.....and I HAVE NEVER FAILED TO FULFILL.......

Posted by BobAxelrod33 > 2023-03-20 11:53 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-20 11:55 | Report Abuse

Me me me

Posted by TalkNumberOne > 2023-03-20 11:55 | Report Abuse

Your shit smell better?

Posted by TalkNumberOne > 2023-03-20 11:56 | Report Abuse

You are guessing the future same like the rest of the people. Your concrete truth is your view. Others concrete truth is their view. 50:50 at most of each scenario to turn out.

Posted by BobAxelrod33 > 2023-03-20 11:56 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-20 11:57 | Report Abuse

Typical characteristic of an old big ego man who has not achieved anything. You think the world most successful people will parrot everyday the same thing hoping/begging people to agree on their view and when don’t get it calling everyone dumb

Posted by TalkNumberOne > 2023-03-20 11:58 | Report Abuse

Bobby god, mark my word and look into the mirror. Old big ego man who has not achieved anything and highly likely can’t achieve anything

Posted by BobAxelrod33 > 2023-03-20 11:59 |

Post removed.Why?

Posted by TalkNumberOne > 2023-03-20 11:59 | Report Abuse

You sound exactly like your wife if she still wants to stay with you. And we the rest feel exactly like you listen to the nag and forever wants to be right

Posted by TalkNumberOne > 2023-03-20 12:00 | Report Abuse

Bobby god so you mean you can predict the future. Wow you are definitely god. Hahahhahaha god of joke

Posted by BobAxelrod33 > 2023-03-20 12:00 | Report Abuse

No need to show how charming or handsome I look.....just answer with FACTS and FIGURES.....hopefully you have the numbers. (which I seriously doubt)

Posted by BobAxelrod33 > 2023-03-20 12:03 | Report Abuse

No need to waste Oxygen to talk about how handsome I look or that you cannot stay away from eating my faeces (smells better??)..........YOU ARE IGNORED!

Posted by DatoKembara > 2023-03-20 12:26 | Report Abuse

What we know so far:
- on 15Feb SAP received a formal letter from White Knight
- Financial support is in the form of 1.8Bi cash injection
- White Knight likely to be an O&G company from middle east
- SAP will keep the regulator, market & media posted
-SAP have till June 10th to restructure its Debt
-SAP would undertake several corporate exercise: share capital reduction, shares consolidation, issue new shares

-proposed share consolidation: 20:1
-SAP will issue 500mil shares at Rm1.00 to creditors as part settlement
-SAP proposed issuance ICUIDS worth 1.5Bil to creditors as part settlement
-SAP also mulling the sales of some of its assets, including 50% stake in SapuraOMV for Rm2.25bil

-SAP said it would be able to settle about 4.75Bi of its borrowing within 7 Years, through asset disposal and cash generated from existing and new contracts

Orderbook 2023
-6.8Bil, contract wins in 2023 3.4Bil
-orderbook JV 5.7Bil

Posted by BobAxelrod33 > 2023-03-20 12:28 | Report Abuse

You must think those Bankers are Aliens from Pluto and cannot understand what are fakes and/or how to count money????

Posted by OKU_2020 > 2023-03-20 12:41 | Report Abuse

Oil prices further collapse as bulls unconvinced by c.bank liquidity support.....
hmmm...now USD 65

Posted by BobAxelrod33 > 2023-03-20 12:56 | Report Abuse

Hahahaha....white knight ke.....C Suisse is worth USD8 Billions but UBS offered and now deal done at USD2 Billions.....who is the sucker and who is the white knight (if any)????

Posted by BobAxelrod33 > 2023-03-20 12:58 | Report Abuse

Back to SAP....you are purportedly to have a white knight offering only on A4 paper of 1.8 Billion when you have Book Debts of 16 Billions...are they taking over at 1.8 Billions and eat up the debts too??

And what about current shareholders???? Left to dry like suiyee sucker bilis??? LOL

Posted by TalkNumberOne > 2023-03-20 13:04 | Report Abuse

Lol talk about ignored. Hahahahahhah having fun with you old man with big balls but can’t achieve shit lol.