Corporate exercise coming soon? Looks like market is picking up interest in this stock le

if the price closes below 0.555 then the selling may continue but if it stays above, then optimism will arise and we will see it slowly creeping up till the AGM date.

Speaking of SPAC, CLIQ should be in deeper shit I guess. With that small fund, I wonder what they can do...

tmr Sona should come up with PR news in the most widely read TheStar to clarify, else kena tmr sure continue bleed and breach below support level. Not sure why they don't do the announcement on Friday lo, PR FAILURE lol. Who is their PR?

They should know that O&G is a complex biz and requires time to digest.

GPS777, I would have to agree with you. It seems that in terms of short term trade they win, because they somehow 'control' the market. We small fish can only play long term, the best is just to get the lowest price and wait for fundamentals or investment story to play.

All would be worried, but speculating is like that what, I got burned before in this counter, but signals look right, it's worth a bet. For example, like dsonic, pmetal, e&o, among other, can always buy when dip, because it will rebound at some point and it's up to ur expertise to identify that.

Most importantly learn from mistake and move on.

based on technicals, there's a good chance that the price will dip tmr, but the fundamentals are everyone's guess, so nobody knows where the price will go until then.

The selling started immediately upon the announcement, so I believe it's most likely profit taking, with support at 0.555. If really they know that this asset will blow up, how can a person assess within that short of a period that it's a bad deal? Maybe some would take Hibiscus as a precedence. But Hibiscus is targeting a different region mind you,ie. North Sea which is way harsher, Sona's asset is in South East Asia, where there is still a lot of opportunity and less harsh, but of course there could be erratic weather pattern at times, but looking at the map it's relatively close to land.

The bleeding stopped around 0.555 to 0.565, which is when there is some buying pressure back, which means investors might think that it is a buying opportunity. If it goes below that then I will say that many will join in to sell. Punters being punters, if you have no confident in Sona at all, I'm not sure why ppl bother berating Sona when nothing is confirmed, it's as if you have hatred towards the management.

Personally, I don't think they would buy shitty assets, because it would set a bad precedence to the SPAC industry, and I don't think SC would approve such bad deal, even if they want it. So based on that saving grace, if SC approves, the fundamentals should be well supported.

For now, it's best to just hold a bit, and when the cloud is clear, buy more. You all should know that we are almost at the peak of the market cycle where we have to be wary and be very selective, so if you can't bear the risk, should actually rotate to other more stable stocks where the risk profile is more comfortable.

Ok I am seeing this wrongly. Sona is only buying the concession rights, not the company. Now it's clear. Buy is the call to go for right now.

Salamander is a loss making company, 3 years in a row making losses, it is no wonder that the market is reacting this way la.

australia biz going down, only malaysia and singapore naik

I'm looking more on twp's upside vs downside, there seems to be more downside. What do u think?

Looking deeper into its business, yoy, australian cigarette biz went downhill due to the plain packaging law that came into effect last year and was contemplated the year before, so I suppose BAT in Australia has jumped the gun and reduced the demand for cigarette cartons in anticipation. There are no analyst coverage so I supposed not many are aware of this.

Nevertheless, I believe there would be a high switching cost for BAT Australia if they were to switch supplier and the risk of quality compromised (I think it's common when we switch supplier who doesn't have the capability and capacity to cope with quality and demand). These remains to be seen. Contract will end in 2018 just a few more years to go.

On the Malaysian front, I believe that their capabilities are unparalleled as you don't get any packaging like the one Dunhill has (resealable package), I'm not sure if it's patented, will need to be clarified.

For this sort of industry, as long as population grows and developing countries upgrades themselves to wanting better quality/branding, TWP would stand steady. The barriers to entry seems low, but when I look deeper, they have continuously improve quality, reduced complaints and upgraded technology, that itself is a barrier to entry on top of hiring experienced management, look at their chairman.

For a stock with that kinda market cap, I'm surprised to see the high level of transparency they have in their annual report, much higher level than many other peers (ok maybe I need to see more). I see that their management would strive to do more. Just one more point, I don't see any ESOS for their top level ppl, correct me if I'm wrong. That's a better way to align interest.

I've just read through the annual report, and honestly speaking despite the slightly above par performance matrices, I don't see any catalyst for this company, on top of the HUGE customer concentration risk of BAT, come on, it's around 60 to 65% of their revenue. The discount rate ought to be adjusted higher to account for that.