Director acquired 12 cent price at off market with 14 Million shares.
Something GIANT is brewing here.

Picked up some on 0.40, for long term

Suddenly failure to capture O&G asset, turns out to be good news for SONA.
Sona is now in Cash Value of around RM0.470 guaranteed by Deutsche Bank.

"Ok, the deal seems to be off. If you look at it, that is possibly the BEST thing that can happen for Sona. The mother shares have been pummelled from 55 sen to be around 44 sen following the proposed deal with Salamander, owing to the sharp falls in oil prices. No deal means back to cash valuation. Why still fall when the deal is off... its good that the deal is off since oil prices has corrected a lot from whence the deal was announced. Now they can skeet new assets with better pricing. Maybe not 55 sen, but should have no issue climbing back to 50 sen."

http://malaysiafinance.blogspot.com/2014/11/sobering-look-at-sona-petroleum.html

http://www.nanyang.com/node/657659?tid=462

Pakatan Rakyat proposes Capital Gains Tax instead of GST.

In short, to TAX your gains on your STOCKS if rise.

What say you?


Saying that GST is a regressive tax, the coalition is proposing to introduce a Capital Gains Tax for equities (CGT) and Inheritance Tax.

It said under CGT, tax will be imposed on capital gains made on stocks, bonds and other capital transaction involving stocks such as the Employee Share Option Scheme.

Currently, the only such tax similar to this is the Real Property Gains Tax (RPGT) which is limited to properties sold within five years.

It also proposed an inheritance tax involving transfer of assets worth RM5 million and above between family members of the wealthy.

Currently, it said Malaysia does not have any taxes charged on the wealth enjoyed as a result of a transfer of assets among the wealthy.

“If there was an inheritence tax when Lim Goh Tong was alive, the government would have been able to get back some of Lim’s wealth obtained through profits of a gambling license,” said Serdang MP Ong Kian Ming today when unveiling the alternative budget.

Ong said these taxes were preferable to the GST as it is progressive in nature, meaning that the wealthy will bear a higher burden of tax, as a proportion to their income.

"The government often says that GST is good because more than 100 countries (have implemented it), but more than 100 countries also have CGT," Ong said.

Pakatan Rakyat said it reiterated its stands against the implementation of the GST until there is a rise in the people’s disposable income level.

It said that Putrajaya's insistence on implementing the GST on April 1, will very likely face serious challenges.

"If not managed properly, the rakyat, be it the consumer or the business community, will be forced to suffer the heavy economic burden as a consequence," the opposition coalition said.

Pakatan explained that the ultimate tax policy goal of the coalition is to keep income tax rates relatively low and at the same time increase the tax-to-GDP ratio.

In other words, it wanted to collect more taxes by increasing the number of taxpayers but reduce the tax rate burden per payee overall.

"In order to do so, we must uplift the poorer majority to earning a living wage, go after the elite tax dodgers, close tax loopholes and better regulate the shadow and non-productive financial activities of the rich and powerful." he said.

Kelana Jaya MP Wong Chen said that he was informed by Ngeh Koo Ham (DAP-Beruas) that there used to be inheritance tax in the past, but it was no longer around.

"The question is why is it no longer available, the big tycoons are already in their 70s and 80s, and sooner or later they are going to die, they are not immortal.

"So, I think we should prepare to tax these people." he said. – October 9, 2014

- See more at: http://www.themalaysianinsider.com/malaysia/article/pakatan-proposes-capital-gains-tax-instead-of-gst#sthash.nuJbY4XV.dpuf' target='_blank'>http://www.themalaysianinsider.com/malaysia/article/pakatan-proposes-capital-gains-tax-instead-of-gst#sthash.nuJbY4XV.dpuf

Read more here:

http://www.themalaysianinsider.com/malaysia/article/pakatan-proposes-capital-gains-tax-instead-of-gst

This week, or rather next week will be the last chance to buy below 50 cents.
Source reveals that major funds are eyeing.
Look at 470 buy queue.
Yesterday same amount, collected because of retailers panic sell.
Today open market, another big gueue there.

Fast Recap,
1) 90% of the IPO proceeds will be placed in a trust account managed by an independent custodian which is a trust company, a licensed bank or merchant bank. In this case Deutsche Bank.
*45 cents + interest will be pay back if no QA in 3 years (include SC approval).

2) Sona’s key management is barred from selling any of its shares until the company generates a year of audited revenue from the commercial production of its qualifying asset.
* Sona board of directors cannot sell their share until they get QA, and FIRST YEAR OF INCOME.

3) SONA ipo debutted with Mother share 44.5cent + warrant 26cent on DAY1, that time Sona is NOTHING.
*Now hovering between 48cents to 51 cents, with QA submitted to SC, pass stage 1, clearing for approval at October 2014.


Hot money, comes in and out fast.
Solid gold rewards the patience.

Nice movement! TP RM1 soon

T1T4N, resemblance of Titan number 14, not TLTAN.
I just discovered why people keep saying TLTAN , as I just noticed that there is a nick named TLTAN.
haha.

I have no control on DAILY share price (short term).
If I have control on share price, I won't be talking here.

I am here just to share knowledge from solid sources.

In short,
The current position of SONA now is pointing to a very good Medium-Term up side.

To the haters,
I won't ask a Cent from you if you earn money, I also won't cry for you if you lose money.

Its your own money, your own investment, your own judgement.

This time is different, if QA is gazetted by SC, brokerage firms will assess and put a TARGET price.
Pre-evaluation from brokerage has hit around 80 cents for Sona Fair Value.

" In a note to clients last Friday, a local brokerage attributed a fair value for Sona’s shares of between 80 sen and 84 sen based on discounted cash flows of the company post its qualified acquisition of the Salamander asset."

http://www.thestar.com.my/Business/Business-News/2014/07/21/SPAC-believed-to-have-signed-agreement-to-own-Thai-OG-assets/

So you guys sendiri pandai-pandai,
Sensitivity, can't reveal too much.

Sources says SONA passed stage two of SC Asset Valuation with good marks last week.
Thats why can see some big guns accumulating big chunk since last week, and today...
A W A K E N I N G!

Let me check, what is happening... will update here at night.

TP: RM0.80 End of September 2014.
by UC

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1689329

SPA Head of Agreement inked the date on Appendix 1.

1st December 2014 to settle everything.

This is why Sona has bring in RHB to cooperate with CIMB now (if you follow their progress) in order to expedite the process.

Earnings will appear on Q4 2014 at Sona's book.

Hibiscus SPAC movement for your reference:
Submission to SC on 16 December 2011.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/877045

The hibiscus chart:
http://klse.i3investor.com/servlets/stk/chart/5199.jsp

Have a nice weekend.

Last call to buy....before....

Our friends just done their work OT.
Will have a good long weekend, don't worry.
Take note at bursa announcement tomorrow.

Progress announcement after 5pm.