Posted by Nikmon > 3 weeks ago | Report Abuse

I don't think SAP dare to deceive court, the confirmation from white knight can be noted in the submission to court for extension. SAP need to submit 75% creditor support doc. You can doubt their capability to achieve it. You are st..pi if you think their announcement are fake.

Posted by Mabel > 3 weeks ago | Report Abuse

Everywhere is RED SEA...

Sap so steady..hihihi

Posted by furball > 3 weeks ago | Report Abuse

So low already can't get any worse. If go lower, more people will buy as it has become a cheaper lottery ticket 🤣

Posted by Huangbk72 > 3 weeks ago |

Post removed.Why?

Posted by Huangbk72 > 3 weeks ago |

Post removed.Why?

Posted by Mabel > 3 weeks ago | Report Abuse

https://www.oedigital.com/news/515554-all-subsea-systems-for-fpso-atlanta-done-with-first-oil-expected-in-august

$YINSON / 7293 (YINSON HOLDINGS BERHAD)'s FPSO Atlanta on schedule for first oil in August 2024.

Meanwhile Mabel Energy Yinson is on target to join Sapnrg in Brazil..

Ongoing activities currently include mandatory adaptations by regulatory agencies, final testing, and commissioning, which will conclude the operational activities scheduled to start production on the new platform, pending the issuance of environmental operating license and authorization from Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

Malaysia’s Yinson Production, the FPSO Atlanta has the capacity to process 50,000 barrels of oil per day, 140,000 barrels of water per day, and store 1.6 million barrels of oil.

It will replace Petrojarl I FPSO at Atlanta field, which has a production capacity of 30,000 barrels of oil per day and a storage capacity of 180,000.

Well done Sap and Yinson

Posted by Mabel > 3 weeks ago | Report Abuse

While Lady Sapnrg has an Outstanding Order Booked of RM 7 Billion ( could have been RM 17 Billion if they are not a PN17 due to unavailability of Bank Guarantee), Yinson has an outstanding order book stands at approximately USD $22.2 billion.

Posted by Icon 888 > 2 weeks ago | Report Abuse

Crisis coming.. run for ur life

Posted by Mabel > 2 weeks ago | Report Abuse

Whole World is RED...

Sapnrg is so steady..

Posted by DickyMe > 2 weeks ago | Report Abuse

Yes, sad SAPNRG is steady after been floored.

Posted by calvintaneng > 2 weeks ago | Report Abuse

Oil price crashing

Better switch to Talam

Talam Assets are Prime Lands

TALAM (2259) SELLING ASSET TO UNLOCK CASH PLUS RM26.6 MILLION PROFIT (ASSET PLAY IN MOTION) Calvin
Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-05-story-h-155111623-TALAM_2259_SELLING_ASSET_TO_UNLOCK_CASH_PLUS_RM30_MILLION_PROFIT_ASSET_

Posted by OKU_2020 > 2 weeks ago | Report Abuse

👹

Posted by Robert Waters > 2 weeks ago | Report Abuse

I checked out this talam transformer Kevin is promoting. Negative earnings as far back as eye can see. Yearly and 3-monthly. Should go back to PN17. We have enough trouble with Sapura.

Posted by Mabel > 2 weeks ago | Report Abuse

Haha what a pleasant surprise...

Close 4 sen...hihi

Posted by cicakman > 2 weeks ago | Report Abuse

Serbdk is very very muchbetter,still ok DJ down .Bornoil is the best steady saja after many many years🤣.

Posted by Robert Waters > 1 week ago | Report Abuse

Yes. I am lining up for Borneo Oil. With crude at 80+ usd that may be the bargain now.

Posted by sink or swim .. > 1 week ago | Report Abuse

What are these '' unfavourable legacy contracts '' ?

The completion of KG-DWN-98/2 project also marks the last of legacy contracts in our portfolio.

Posted by thetruthstory > 1 week ago | Report Abuse

its brewing

Posted by TalkNumberOne > 1 week ago | Report Abuse

Brew coffee, Mari Mari ☕

Posted by HaiLiDeYu > 1 week ago | Report Abuse

the coffee will be a very bitter, or very sweet type, or the type with a lots of milk, sugar, cream and fancy extra items?

Posted by Dav Yau > 1 week ago | Report Abuse

Hopefully will be Nescafe Kaw- Kaw ( Up ).....not Nescafe Kaw-Kaw ( DOWN )....lol

Posted by TalkNumberOne > 1 week ago | Report Abuse

Hahaha 😂😂😂 let’s see how it turns out la why so worried. If you are invested or not invested and so worry then you are not in the right place

Posted by Mabel > 1 week ago | Report Abuse

Meanwhile Lady Sapnrg is on target to submit Regulation Plan

Today she climbs 14.29%

Finally FPSO Maria Quiteria arrived at the JUBARTE FIELD.
First oil expected at 3Q24, means around September.
USD624k/day rate.

Atlanta only US$210,000/day.

https://www.marinetraffic.com/en/ais/home/shipid:8803162/zoom:10

The next big pay is Agogo at USD726k/day, first oil expected at 1Q26. Which is a long way, unless they managed to complete the conversion 5 or 6 months ahead like Maria, then maybe first oil at mid or end of 2025.

Well Done Yinson, today she climbs 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share

Well Done PCHEM, today she climbs 6.23%

Sheikh Mabel is very apy today...

Meow Meow Meow

Posted by Mabel > 1 week ago | Report Abuse

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel are very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

Posted by LY Hoh > 5 days ago | Report Abuse

Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.

Posted by Mabel > 5 days ago | Report Abuse

# LY Hoh Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.
19/08/2024 5:13 PM

Sapura Energy Berhad’s Net Tangible Asset Backing (NTAB) is actually -0.2300. This negative NTAB indicates that the company’s liabilities exceed its tangible assets.

Sapura is currently undergoing the biggest in corporate restructuring exercise in the history of Corporate Malaysia due to long term legacies contract awarded during TS Sharil’s time with risk taken by contractors. Right now they are Renegotiate all bad contract beside completing those projects.

As Mabel shared earlier, to turn around this National Treasure into a viable company, Sapura Energy needs to focus on several key strategies based on our recent AGM:

PN17 Progress: Company Turnaround Efforts are underway to turn the company around. The company is on track to exit PN17 next year. Key steps include debt restructuring, a solid business plan, and securing 75% lender support for PRS.

White Knight Support: White Knights remain committed with letter received in Feb this year, providing significant assistance while remaining anonymous. A regulation plan will be submitted to Bursa for approval by year-end.

Challenges: Despite facing a substantial debt of 10.8 billion with banks, credit facility suspensions, industry downturn, and contractor risks, the company has secured financial support from lenders and vendors.

Operational Focus: The focus now shifts to margin improvement rather than top-line growth. Positive results are expected in subsequent quarters. SAP transform from negative cash flow has now generated more than 1.5 billion positive cash flow.

2024 Outlook: Despite geopolitical and supply chain challenges, new contracts are anticipated to boost cash flow and working capital. Total Project bids is worth RM 23 Billion with RM 7 Billion Order Booked. Imagine if they have secured the bank guarantee, they would have taken in more than RM 10 billion contracts across the Globe..

To Our Success to save this National Treasures!

Meow

Posted by LY Hoh > 4 days ago | Report Abuse

Thank you Mabel for the above update. Yes, i knew the company’s liabilities exceed its tangible assets, that why wondering.....Hope it can successful restructure as the early year the share price very high, look at now, Ai.......Anyway, Thank you.

Posted by cicakman > 4 days ago | Report Abuse

Woohoo up nearly 15%,Kaya lah like this🤣🤣🤣.

Posted by SinGor > 3 days ago | Report Abuse

https://www.reuters.com/markets/hedge-flow-hedge-funds-sell-planes-trains-automobiles-buy-energy-stocks-says-2024-08-19/
___________________
Hedge fund loading Oil stocks, you know what to come

Posted by Mabel > 1 day ago | Report Abuse

Haha what a pleasant surprise...

Close 4 sen...hihi