Yesterday no share buy back by company. Better dump all their shares and buy other better companies. It seems management sleeping and not doing well. Just hope I am wrong.
New low of 2.5 sen created this morning. This counter seems hopeless despite reported NTA of 13sen. Does not reflect well on the management and also Hap Seng ....Hope they realised it before too late !!!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS
BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") I. PROPOSED TERMINATION OF EXISTING EMPLOYEES' SHARE OPTION SCHEME OF BORNOIL ("ESOS") ("PROPOSED TERMINATION OF EXISTING ESOS"); AND II. PROPOSED ESTABLISHMENT OF A NEW ESOS OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES IN BORNOIL (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE ESOS ("PROPOSED NEW ESOS") (COLLECTIVELY, THE "PROPOSALS")
how to stop management from simply issue the ESOS to dilute shareholder shares?
agreed treasury shares avrage price 4cts off market deal for 55 million shares 3cts.nnow is time to buy when it is low at 1.5cts.bought a million shares of WD at 1/2cts
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....
FionaJudith
35 posts
Posted by FionaJudith > 2020-03-10 20:52 | Report Abuse
burn oil