It's merely an investment decision. No bailout. It's for the Investment Committee to decide if it is time to reinstate Sapura Energy into it's portfolio. Meaningful & honourable way is through the Rights... my take, of course
Finally I understand his predicament. Sinking ship he was there and we were all not involved. Let’s not hantam him anymore, with his life savings all burnt he has the right to talk bad
Then he will come out no where and deny that he has bought before. But again, give him face la. Old man with big ego. Let him pretend, you know I know la.
Have anyone heard or subscribe before a right issue wth ratio of 18 to 1, meaning u hv one lot ( 1000 shares), u are given right to subscribe 18 lot of shares, so much entitlement??? How to justify??? Not logical at all. I remembered those day when Mcement call for right , the ratio was very high, but less than 10, a ratio of 10 to 1 already mind boggling. How about 18 to 1...
Sapura already such high paid up capital, 16 B, a 2 for 1 right already killing. A capital reduction of 10 to 1 , already push sapura capital fr 16B to 1.6 B. How to make it happen to 20 to 1? Bringing the paid up capital to only 800 million. A big co like Sapura shld not be so small paid up capital. Look at Armada, what is it's paid up capital?
Old man Bobby joker. Betul betul fun la. Haha why so angry and why so passionate in the forum? Only one reason, your underwear all burnt inside. That’s why revengeful
Ninth did Bobby joker reply and then delete? Hahahaa I already can predict this old man la Yes lah Damm funny reading his comment Very angry when you burst his secret Hahahaha Jit Pai Hoseh Liao
(ii)-(iii)-(iv)-(viii)-(ix) checkmate SEB will, as an integral component of the Composite Scheme, undertake the following corporate exercises on or before Effective Date: (i) a proposed share capital reduction exercise, which will entail an application to the High Court of Malaya under section 116 of the Companies Act for the writing-off of the following items which are lost or unrepresented by the available assets against the accumulated losses of the Sapura Group: 1) the writing-off of RM[xx] of the share capital; and 2) the writing-off of RM[xx] of Reserves, where applicable. (ii) the proposed share consolidation of every 20 existing ordinary shares of SEB into 1 consolidated ordinary share of SEB; (iii) the proposed reduction of the conversion ratio of the RCPS-i from 1 RCPS-i to 1 ordinary share of SEB to 1 RCPS-i to 0.4 ordinary shares of SEB. (iv) the proposed settlement by SEB of a portion of the Outstanding Liabilities of the MCF Obligors amounting to approximately RM500.0 million by way of the issuance of 500,000,000 new ordinary shares in SEB at the issue price of RM1.00 per share; (v) the proposed settlement of a portion of the Outstanding Liabilities of the MCF Obligors amounting to approximately RM0.6 billion by way of the issuance of 500,000,000 new SEB ICUIDS-I at an issue price of RM1.20 per SEB ICUIDS-I; (vi) the proposed settlement of a portion of the Outstanding Liabilities of the MCF Obligors amounting to approximately RM0.4 billion by way of the issuance of 250,000,000 new SEB ICUIDS-II at an issue price of RM1.60 per SEB ICUIDS-II; (vii) the proposed settlement of a portion of the Outstanding Liabilities of the MCF Obligors amounting to approximately RM0.5 billion by way of the issuance of 250,000,000 new SEB ICUIDS-III at an issue price of RM2.00 per SEB ICUIDS-III; (viii) a proposed fund-raising exercise to raise approximately RM750.0 million by way of the issuance of [1,041,666,667] RCLS-1 to the White Knight at an issue price of RM[0.72] per RCLS-1; and (ix) a proposed fund-raising exercise to raise approximately RM1.05 billion via the issuance of [1,166,666,667] RCLS-2 to the White Knight at an issue price of RM[0.90] per RCLS2.
I love it how this joker try to twist and turn so that big ego old man is always right. There will not be white knight period that’s Bobby joker old man. How does that link to this? Lol
Now old man come and explain no haircut no white knight RIP, how does that link to the statement above? Goal post change to basketball hoop also cannot accommodate your twist and turn la. Stop pretending just admit you are an old man with big ego and has achieve nothing in life. This if turns out to be true, lagi teruk your last few months of dedicated work in forum first gone without anyone noticing, now it is completely wrong
Hahhhahahaha my chun chun 100% prediction old man is terbalik, he say bad must be good, he say good must be bad. Because old man is the best price picker but buy at peak sell at bottom.
We are keeping our oil price forecast unchanged, at USD100/bbl dated Brent) for 2023, with upside bias. Oil price could sustain above USD100/bbl should the OPEC+ alliance take a stand to seeing an elevated oil price policy over higher output. This would further tighten the global supply market, which is already being affected by the prolonged structural under-investment and rising demand outlook (China, aviation).
Brent: 84.271: 4.381: 5.48% Brent is on uptrend.
Yesterday: 03 April 2023 JET A1 Price in Singapore JET FUELS RATE USD Jet fuel a1 price per barrel $112.1...
Finding the starting point to identify which company to invest in can be challenging. One method is to determine which sector is currently favoured based on the macroeconomic backdrop. The business cycle tracks the trajectory of an economy, and composes of four key phases: Expansion, peak, contraction, recession. the same foes with the stock cycle: accumulation; markup; distribution; and markdown. The stock cycle is based on perceived cash flows into and out of company by large financial institutions. That's why volume of trades varies between each cycle..
While all economies undergo these four phases, their respective duration and intensity can vary.
Every phase of an business cycle presents unique opportunities. Some sectors provide higher rewards but punish overly aggressive investors during recessions, other sectors are naturally capped in terms of the returns they can generate but have a place during more prudent times. By considering how various sectors react to the economic cycle, investors have a higher chance to maximize their rewards while minimizing risks.
Full year 2023 earnings released: The operating profit has improved 400% VS last year.
Full year 2023 results: • RM0.20 loss per share (improved from RM0.57 loss in FY 2022). • Revenue: RM4.55b (up 11% from FY 2022). • Net loss: RM3.20b (loss narrowed 65% from FY 2022).
Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Energy Services industry in Malaysia.
Over the last 3 years on average, earnings per share has fallen by 28% per year and the company’s share price has also fallen by 28% per year.
Thank you Uncle and Aunties for selling to Mabel at 28% discounted prices last week. Soooooo apy. Mabel average holding cost is now less than 4 sen and Brent has already touch USD 85
Huangbk72 SAP inherited a legacy of paying premium for their assets, thin margin, mismanagement.
Add debt 16B.
Selling assets now at loss to repay debts and eliminate future revenue streams.
Pity Conmabel holding SAP since last year.. price chart like waterfall.. can’t even escape.
04/04/2023 11:14 PM
Haha BatHuang is here ke..?
Helping SuperBob ke..?
Man of panties..hahaha...Mabel used to wear panties down under ...however how cum you two wear up and above RED and BLACK some more..so cute...hihihi..
As long as Shahril and his band of yes-man BOD are purged out, there is hope for Sapura to get back on the right track. Loss making legacy projects and mega debts are some of the incredible mess left behind by the previous senior management. The new CEO is certainly well aware of the issues, the monumental tasks ahead and is prepared to do what is necessary.
It is getting clear and final, the New Management has decided to dispose it's upstream arm SapuraOMV, it's most valuable asset. The current scenario where oil price is high compare to 2019, is good strategy to dispose to pare debt. Even Austria OMV has the same thought. Market will be willing to buy over this oil wells. This 50% stake of SapuraOMV should fetch significantly higher price compared to 2019 ( 3.8 B ).
From the Grapewine...
Negotiation with creditors almost done. Creditors agreed to take haircut and move on.
Court need SAP to proof at least 75% creditors agree with debt restructuring.
Debt 16Bil after haircut jadi 4-5B SAP sell asset + Handsome White Knight 1.8B cash injection to settle debt
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....
Ninth007
475 posts
Posted by Ninth007 > 2023-04-04 11:35 | Report Abuse
Hahaha
Seems bobby aware of the potential of the price reversal soon
TAYOR TAYOR TAYOR
Vrooom
Jit Pai Hoseh Liao ...