this counter is do or die lah... the only diff than putting the chips on genting's table and here is one you know the result in few minutes time, and the other one takes a bit longer.... the return and rewards are both high :-)
meow talk so long. still no buy-in? is it because meow not confident 0.035 is the bottom price? That's why he not buy-in? that proves he expects the price to keep dropping. but he says sapura can be saved. so, he contradicts himself.
Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors.
Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.
Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.
Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.
Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.
Haters in SAPURA forum said that creditors will never take a haircut is a joke. This recent development serves as proof that what I have been saying for the past few months is true - creditors are willing to accept a haircut. Rm5 bil down to Rm1.5 bil Next RM10 bil.....
sure extend. give them 1 year also cannot. extend another year lo. then at the end debt grow bigger. keep discussing.. then extend lagi lo.. then debt grow again.
Extending the deadline is a good move to finalize everything. The fact that vendors have agreed to take a haircut from RM5 billion to RM1.5 billion is fantastic news - I didn't expect the haircut to be this significant.
Now, the only thing left is to negotiate with the bankers on how much to bring the RM10 billion down to - RM7 billion, RM5 billion, RM3 billion, or RM1 billion? Perhaps longer payment terms could be discussed as well.
when they discuss, it is 10billion debt. now the debt grew to 15billion.. hair cut.. 5billion. vs earlier.. they need to pay an extra 5 billion. the longer it drags. the worse position they are in.
You want to share the link with your promoters to hantam us, where Creditors agree to haircuts?? Or would you like to labelled with another Fake kindergarten story book writter? Ah_took_back(side) must be really desperate after being called out using out-dated 2022 shareholders records.........LOL
Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927
Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.
Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.
Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.
Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.
Haters in SAPURA forum said that creditors will never take a haircut is a joke. This recent development serves as proof that what I have been saying for the past few months is true - creditors are willing to accept a haircut. Rm5 bil down to Rm1.5 bil Next RM10 bil.....
Extending the deadline is a good move to finalize everything. The fact that vendors have agreed to take a haircut from RM5 billion to RM1.5 billion is fantastic news - I didn't expect the haircut to be this significant.
Now, the only thing left is to negotiate with the bankers on how much to bring the RM10 billion down to - RM7 billion, RM5 billion, RM3 billion, or RM1 billion? Perhaps longer payment terms could be discussed as well.
Hahahaha...LOL....my pet fish is laughing so hard.....Ah_took_back(side) deemed the RM1.5 Proof of Debt exercise from 2300 creditors is taking the haircut...........laugh die me for sure now......hahahaha.......DO YOU EVEN KNOW WHAT IS THE PROOF OF DEBTS and the on-going exercise which Court has granted extension???
TAYOR : check with your Remisier before coming to a decision.
PS PS2 FYI I will not educate this Poke_back(side)......
Before vendors agreed to a haircut, some people expressed skepticism, saying things like, "No way! Nobody in their right mind will accept a haircut. What's the point? Just wind up the company and pay the creditors."
Now that vendors have agreed to a haircut from 5 billion to 1.5 billion, some of those same people are changing their tune and saying things like, "I never said they wouldn't take a haircut. Even with a haircut, the debt will keep growing."
Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927
Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.
Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.
Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.
Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.
The Proof of Debt exercise represents the final amount that the vendors have agreed with Sapura Energy and submitted to the court. Prior to this exercise, Sapura Energy negotiated with the vendors to determine the terms and final amount owed. Initially, the debt was at RM5 billion, but through negotiations, it was reduced to RM1.5 billion.
Once both parties agreed on the RM1.5 billion amount, they proceeded with the Proof of Debt exercise in court.
KAU X PAYAH SEMBANG, KAU PUNYA TOP 10 SHAREHOLDERS PUN SALAH. PNB HOLD 0.16%? hahahahahahaha puiii..
Sapura Energy's debt stands at RM15.5 billion, with RM10 billion owed to banks and RM5 billion owed to vendors. According to the latest company announcement on May 2, 2023, the proof of debt exercise with its vendors is on track and nearing completion. This exercise involves around 2,300 vendors who have submitted claims of RM1.5 billion. This is a positive development, as it suggests that the vendors are willing to accept a haircut, which will bring the company's debt down to RM1.5 billion from the current RM5 billion owed to vendors. https://www.klsescreener.com/v2/announcements/view/4750927
What is Proof of Debt exercise? The Proof of Debt exercise represents the final amount that the vendors have agreed with Sapura Energy and submitted to the court. Prior to this exercise, Sapura Energy negotiated with the vendors to determine the terms and final amount owed. Initially, the debt was at RM5 billion, but through negotiations, it was reduced to RM1.5 billion. Once both parties agreed on the RM1.5 billion amount, they proceeded with the Proof of Debt exercise in court.
Sapura Energy's next challenge will be to negotiate the remaining RM10 billion with its bankers. In my opinion, this will likely be settled soon and favor SAPURA, as Maybank is the largest creditor of that RM10 billion. It's worth noting that Maybank is owned by PNB, which is also the largest shareholder of Sapura Energy.
Recent rumors suggest that after the debt restructuring is completed and a White Knight investor injects cash into the company, PNB and Petronas may discuss the potential merger of Sapura Energy and MHB. However, it's important to take this with a grain of salt, as it's still in the early stages of speculation.
Furthermore, there is also a rumor that Sapura Energy will need another three-month extension to submit its regularisation plan, and it's likely to get approval from the authorities.
Disclaimer: I am a shareholder of Sapura Energy. The writing above is based on the latest company announcements, news reports, and market gossip.
Ah_took_poke_back(side).....the exercise is till on-going and have not completed.....so don't shoot off your mouth with kindergarten stories, ALL Creditors have Agreed to only RM1.5 B....No/Yes??? (read the complete announcement and don't jump the dots)
There are so many thousands of Creditors and Court could only accommodate around 50 each day....Court dates are not so easy, like your grandfather house.....
TAYOR : check with your Remisier before coming to a decision.......and oh, don't be influence by poke_backside.
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....
BobAxelrod
8,255 posts
Posted by BobAxelrod > 2023-05-11 08:32 | Report Abuse
Someone farted laughing gas? Why are they laughing like hyenas??? They don't know what's going to hit them??