RM294M only. The price tag of this Company at 5.5 sen per share price. Like some "hidden gem" Company ....valuable properties yet to be revalued. These Companies are targetted for take over. MGO.
Down Gold USD1,197 (good time USD1,300) however USD continue to strength against the Ringgit. Hope it offset each other and augers well to BO. When will BO hits it ESOS price of 9 sen. Cheers
21.9 M shares at Selling Q 5.5 sen at end of trading today! Sold come out again the selling volumes. Next Autumn festival, BO is still around OR flew and buried in the Moon. CHEERS
692718720 Jasper .. how u know the profit very good ? U r accountant for this company ? 14/09/2018 11:21
It is already seen in their very odd "6Q"2017 report that they are doing better. 6Q is for 2 months May-Jun 4M profit. 5Q is 3 months Feb-Apr 4M loss. 6Q brings an end to the change of financial period.
wan bornoil shares Issued 5.34 billions shares .. this company not a blue chip company just penny company ,low earning cannot to growth ...too many shares issued makes this penny shares too liquidity floods block the movement.Company will selling shares reduces holding and later will do this (shares consolidation) All penny stock shares issued over 2 billions shares will anytime one by one do shares consolidation .... 13/09/2018 12:22
It is not as superficial as you may suggest. At this level it is hardly liquid. One bid is 9%, no one wants to be on the wrong side of a trade. A share consolidation will make it more tradeable. You're probably right to highlight that more than a handful of companies have fared poorly post share consolidation. But you have not mentioned that they have not been profitable which led to the share price going down to penny status in the first place - and a share consolidation couldn't save them.
The same for Bornoil, it really started coming down when we all realised that they lost money on the gold spot contracts. And the long awaited improvement in their mining sector be it gold or limestone/ clinkers have not materialised.
If Bornoil could deliver, and perhaps get a piece of Pan Borneo Highway, then whether it's penny or consolidated, it's gonna move regardless of the absolute price.
Char1234...cheat investors.Yes maybe. BUT what if !!! the Bornoil big owners want to flush out weak owners with poor trading patterns and wanted the "BO pie" for themselves. The ESOS was issued at 9 sen. WHAT IF,, their investments gold extraction, marble mining , cement plant, ..etc make an U turn for the better ...especially the Gold mining (e.g. struck few high quality Gold vein) and the sole cement plant in Sabah!!. Happy Dreaming. Cheers
Where is the admin for this thread... keep asking people buy now disappear, already warning 8 month ago this counters will sink further, no become miserable penny share
firewall9301...your guess is as good as mine. We probably will never know what is their game. But something is obviously going on. Heavy traders/ syndicates hands in this counter. One of the clearest evidence is the way large volume/ more than 500k shares changed hands within seconds. Bursa floor rules retail buyers can only take up 500k shares per order. Like you said, what if. This can be an ongoing flush out. Syndicates can be very patient. It hasn't been that long ago really, last peak was about 16 months ago.
It's also hard to explain the ESOS you mentioned. I did a quick tally ESOS cost was about 67M. This is hard cash that has been paid to the Company. It is a huge amount relative to Bornoil's size. The Company cannot loan money to employees to subscribe and the ESOS rights were in the hands of multiple employees it cannot be concentrated in the hands of the senior management. So the employees paid Bornoil 67M to buy shares at 9 cents and did it in a hurry, and this was followed by the flush out to current levels. Who made money? Puzzling
kmhb09558 Where is the admin for this thread... keep asking people buy now disappear, already warning 8 month ago this counters will sink further, no become miserable penny share 16/09/2018 20:44
Don't worry la. Comments in i3 can't change the share price. Maybe Uncle Koon created that impression that i3 can. I think it's clear it is his money not his words that have been moving counters. Uncle isn't only rich but can be quite reckless in pushing share prices up. Bornoil welcomes Uncle
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KLCI King
3,220 posts
Posted by KLCI King > 2018-09-03 11:55 | Report Abuse
Abang adik to PWorth, both few cents shares & always top 10 active, everyday goreng kosong,