Management just woke up today from long sound sleep. Hope they stay awake going forwards and drive company to perform better, including the share price which really needs strong support/push. Has been a laggard for far too long until so many people lost confidence in this company and dumped their shares.
Yes. the shares price has been laggard far too long! But I believe strong uptrend is on its way! This counter trend is ,after few years, there will be a strong bull run. Now is the time!
So maybe something boilling this time. After the price crash that day. Really clean and wash this counter. Hope management & share holder push back the price .
Just look on its history, got profit but no interest announcement or any plan to expand the business, where the profit go? In my opinion, the uptrend just a mousetrap cheese, dont be fool by this counter. I rather use my money on charity than this share.
Borneo Oil Berhad is a Malaysia-based investment holding company. It provides corporate and management services. The company operates through four segments namely Head office and others, Fast food and restaurant operations, Management and operations of properties and Oil, gas, energy, and mining-related businesses. Its services consist of fast food and franchise, which include SugarBun and Pezzo Pizza, and gold mining. The company holds two mines comprising of Merapoh mine and Bukit ibam mine. In addition, it also conducts limestone mining operation which is located in Ulu Segama at Lahad Datu, Sabah.
Interesting to see the sudden surge in price and volume for 2 days. Maybe Hap Seng going to make big announcement on the new limestone plant or corporate exercise involving Malaysian Mosaic.
Who's still holding bornoil share still hoping. Firewall id not sure u still holding or not .but the movement today give some hopes . Hope monday will continue up
Possible announcement can be new discovery on gold mining ,merger with Msia Mosaic ,limestone plant expansion, oil & gas ......merger & acquisitions.....
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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....
Cojack31
1,673 posts
Posted by Cojack31 > 2020-05-14 18:07 | Report Abuse
At least got some movement. 2.5 cts buyer high volume. Got chance price will be up. Seller 3 cts. Hope tommorow will continue push up