Look at their gold mining revenue for financial yr ending Jan15, 34m+. As of 2 qtrs for financial yr ending Jan16, revenue alr 39m+. This is only from their Batu Yon mine. 2 more Hulu Jerai and Keratong yet to be mined. So, there is definitely potential.

Sau te la prince....not bored meh....keep repeat like a parrot?

I think what u think u can do is to buy OR at 7 sen + 10 sen (new share) = 17 sen and then sell for profit at 20 sen on 2 Nov? By the way, 2 Nov is last day to make pymt. The new shares will only be listed on 17 Nov. So from now till 17 Nov, anything can happen to mother share price.

mcmann, 2 Nov is like any other trading day for BORNOIL, opening price will be whatever it was at closing on 30 Oct. U keep referring to OR price when that do not have any bearing on mother share price.

Like I've said OR will stop trading this Friday (23/10), i.e. on Monday (26/10) it'll be suspended. If u bought, u'll need to prepare pymt and ensure it reaches the registrar latest by 2 Nov.

OR has alr started trading today alongside mother share. U mean u didnt notice that?

mcmann, why r u even comparing OR and mother share on 2 Nov? 2 Nov is the date those who buy OR will need to pay up for the new shares. OR will stop trading this Friday. U only get warrants if u buy the OR within this wk and pay up for the new shares.

Adoi...no one can tell the future la. OR seems to be trading at discount and that may indicate mkt expecting mother share price to dip after rights listing and rightly so coz there'll be add'l 2.3b shares. Sure will be some selling.

The future is always an unknown. We can only make educated assumptions.

U will still get the warrants if u buy OR during this week. In fact, buying OR now is considered "cheaper" than buying the mother share now. OR is last done at 7.5 sen + 10 sen = 17.5 sen whereas mother share last done is 19 sen. Furthermore, buying OR you get warrant. More value to buy OR.

Need u ask Raymond? There r too many ppl like that i3investor forum. Heard this heard that....but tin kosong.

Mara has been substantial s/holder since 2012 la. So nothing new.

terminator88, u can find the answers on this pg and the past 2 pages. Pls take the effort to read thru.

soon9913, u'll get 6k BORNOIL-OR.

soon9913, why do u ask the same question again when tyran hv alr answered u?

Based on tue closing price of 19.5 sen, if OR was listed then, it shd be at least 9.5 sen. Why? Cost of a new BORNOIL share is 10 sen + cost of an BORNOIL-OR could be 9.5 sen (depending on mkt) = 19.5 sen (Tue closing price or whatever price it is trading). In other words, OR price will always track mother share price closely.

aiyo...as if all holders of the 2.3b shares will wanna dump all at once...pls la be logical.

U may not necessarily lose if u don't subs for the Rights so long u sell your OR and u bought lower than 60 sen before ex-.

FYA if u guys didn't notice this write-up...

http://klse.i3investor.com/blogs/trading_idea/84317.jsp

Bilis2, 1.01 closing? a bit too optimistic gua? still so many resistance to breach.

fortuneebullz, r u a digital parrot?

If I were u guys I would hold off because downtrend still very intact. Any gains would be shortlived.

That's why I said can't be sure unless the sma20 crosses sma50 convincingly. I nearly kena this bear trap.


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Posted by skng74 > Jul 18, 2015 03:28 PM | Report Abuse X

Just noticed that MACD just turned positive...RSI has also rebounded to 50% from oversold positions. This means there is a chance it might be turning the corner. But until and unless SMA20 crosses SMA50 convincingly, it may also mean this is a bear trap.

Posted by skng74 > Jul 22, 2015 05:24 PM | Report Abuse X

Yes RSI and MACD all positive. Left price hvnt gone pass SMA20 & SMA50. Nevertheless, I hv bought in more today ;-). This is not a buy call and Pls don't follow blindly.

Yes RSI and MACD all positive. Left price hvnt gone pass SMA20 & SMA50. Nevertheless, I hv bought in more today ;-). This is not a buy call and Pls don't follow blindly.

I must say it looks good but not yet. ;-)

Just noticed that MACD just turned positive...RSI has also rebounded to 50% from oversold positions. This means there is a chance it might be turning the corner. But until and unless SMA20 crosses SMA50 convincingly, it may also mean this is a bear trap.

Will do. Most of the time, share price (TA) moves in tandem with FA. There are times when share price moves against good FA, i.e. crisis. That's when TA will be useful because u wouldn't want ur capital to be stuck in a stock on a downtrend no matter how good the FA is.

No, am not using chart to predict movement. I don't know how to do that even if it's possible. Only using it to look at the trend. It is very obvious the counter is on a 9 mth downtrend. Uptrend will become more obvious once the shorter period crosses a longer period SMA.

depika, when I said SMA20 must cross SMA50 I don't mean the share price crossing 34 sen....if u open SMRT chart, plot SMA20 & SMA50...u will see 2 lines on almost parallel to each other on a downtrend. The SMA20 line will need to cross SMA50 to confirm an uptrend...and that will only happen when the price goes up significantly.

Depika, sma20 for ytd was 34sen so yes u r right.

Depika, SMA is a moving avg. It is not peg to a price. SMA20 means the avg price for past 20 days for a particular day.

Their existing contract ending on 30 Sep. So I guess latest will be end of the year. Past renewal came in Dec.

Buying now would mean u hv bought lower than BV. ;-)

TA wise, SMA20 will need to cross above SMA50 before we can confirm that is the bottom and the start of an uptrend. Otherwise, it is just another bear trap.

FA wise, it will take some time to show if their AEGB plan materializes. However, if SMRT clinches a contract extension of ELT/pro-ELT then it will be a short-term boost to the share price.

SmartAss, coming qtrly results "shd" be better since all the one-off expenses would hv been done with already by now.

Yep....bloody idiots....our ctry is going into the drain and these nitwits con't their childish acts....

One problem is it has been on a downtrend since last Nov. No point fighting a downtrend unless u r so loaded to accumulate until the trend changes.

Correction....AEGB has 33.8 shares in treasury...

1) SMRT own 23% of AEGB = 376.1m * 0.23 = 86.5 m
2) AEGB 14 Jul div for SMRT= 86.5m *0.05 = 4.325m
3) 23% of AEGB 200mil Disposable asset = 200mil *0.23 = 46 mil
4) SMRT is sitting on (2)+(3) = 50+ mil
5) SMRT is paying 51.9 mil for AEGB 23% stake, effectively SMRT is getting AEGB 23% stake for
free.

In the latest annual report. The holdings are as of 30/4/2015. So, he is still in it and flying under the radar.

It's interesting to know that Brahmal still hold about 4.6m shares and 5.1m warrants in SMRT.

This time Greece may really default on its debt...mkts may see knee-jerk reactions tmr.

http://www.cnbc.com/id/102793367

It is on a long term downtrend

With Saas, receivables could be lowered because it clients don't pay up their access can be blocked until they make payment. Good direction to go.

haha...another low self-esteem guy bashing to make himself feel good...go ahead and do it coz i pity ppl like u.

nobody said the price will go up in a straight line laa....duh!

@alex3388, EPF bought long time ago. Furthermore, it is not a substantial stake, i.e. <5%...therefore no announcement

On paper, IFCA's plans seem pretty and impressive but I would be more convinced if the next 2-3 qtr results are as good as 1Q2015 or better. Anyway, I'll enjoy the wave for now ;-).

@Orionpacific, TQVM!

@ozzie75 but hv to wait till tmr mah...can't wait liao... :-D :-D

@Orionpacific, what's in pages the Edge Weekly? Share a bit la ;-)

@alex3388...not so fast, some time at end-Aug.