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2014-05-30 22:29 | Report Abuse
Shares in south-east-Asia-focused Salamander Energy rise 10 percent after a report in the Spanish media that unlisted oil firm Cepsa is finalising a 700 million euros ($953.08 million) bid for London-listed Salamander.
Salamander and Cepsa declined to comment on the report.
Salamander, which produces oil and gas in Thailand and Indonesia, launched a formal sale process on May 1.
The report is the main driver of the share jump, says FirstEnergy Capital analyst Stephane Foucaud.
Shares in the company are up 9.8 percent at 151.25 pence 0830 GMT in heavy volumes, making the stock one of the top ganiners on the London Stock Exchange on Friday.
2014-05-30 22:17 | Report Abuse
Based on the announcement on May 1 , SMDR mentioned that there are a few companies bid for it right?
2014-05-30 22:15 | Report Abuse
Hi TLTAN. The chart of SMDR really show something big happening. But why u so confident Sona will get it as there are others bid for the assets as we'll right?
2014-05-29 11:09 | Report Abuse
Refer to the prospectus of Sona, the moratorium on share for management is up to one full year of audited revenue. So after 1 year, the management still cannot sell even QA is completed.
2014-05-28 10:09 | Report Abuse
Hi Fauzan ...This is standard for all AGM, does not mean Sona want to raise fund immediately. You can check last year Cliq AGM, they have the same resolution. Thanks
2014-05-28 09:47 | Report Abuse
Kindly someone pls share the info to Ljj3988@gmail.com. Thanks
2014-05-28 09:33 | Report Abuse
Kindly send to Ljj3988@gmail.com. Thanks
2014-04-11 17:56 | Report Abuse
The sequence for the QA (based on Hibiscus Petroleum experience)
1. Announce the QA
2. Then submit to SC for approval
3. After approval from SC, only fix an EGM to get shareholder approval
4. The process will completed after shareholder approval in the EGM
Therefore for now, Sona will not call for EGM.....
2013-12-27 16:15 | Report Abuse
Decision is always yours......
It's not easy to get the arbitrage profit.....
The conversion of warrant take two weeks....
2013-12-27 16:08 | Report Abuse
Simple....There is lots of force sell for retailers who purchase on last Friday.....And now the warrant is non marginable soon.....the demand will be less....and some players might just sell some warrant to get the fund for conversion
2013-12-27 16:00 | Report Abuse
If you check on Hibiscus management share carefully, they can only sell to their own management teams at a discount 20% to the market price.....
And the management team do not hv any warrant A.....they r having warrant B
2013-12-27 15:57 | Report Abuse
This is because there is more retailers (short term players) in warrant compare with mother share which is mostly hold by the top shareholders......
2013-12-26 22:58 | Report Abuse
http://vimeo.com/58962958
Comments on the blind test fr North Energy CEO
2013-12-26 22:56 | Report Abuse
http://infopub.sgx.com/FileOpen/PressRelease_Oman.ashx?App=Announcement&FileID=268930
Press release : Rex International
2013-12-26 22:54 | Report Abuse
UOB KH maintains 'buy' rating on REX International after non-commercial hydrocarbons found in Oman well
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7886-rex-international-cosco-what-analysts-now-say
Stock: [SONA]: SONA PETROLEUM BHD
2014-05-30 22:30 | Report Abuse
The latest new mentioned the buyer is Cepsa. TLTAN, any news from your side?