Posted by Valgrovest > 2020-09-14 20:09 | Report Abuse

I really like to see their announcement on share buy back of 172.1million today. A very positive development. Also any possibility of this company being taken private given the low share prices, recent gold discovery and the commissioning of the new limestone plant. Guess share price will shoot up tomorrow !

Posted by 7036hisap_darah > 2020-09-14 20:24 | Report Abuse

why they buyback ? so sad .

Posted by ThePowerOfGlove > 2020-09-14 20:25 | Report Abuse

no movement at all

Posted by ThePowerOfGlove > 2020-09-14 20:25 | Report Abuse

lagi tidor juga kah

Posted by ThePowerOfGlove > 2020-09-14 20:25 | Report Abuse

still hibernating juga kah

Posted by wallstreetrookie > 2020-09-14 20:25 | Report Abuse

share buy back good or bad

Posted by ThePowerOfGlove > 2020-09-14 20:26 | Report Abuse

what la

Posted by ThePowerOfGlove > 2020-09-14 20:26 | Report Abuse

apa daah

Posted by ThePowerOfGlove > 2020-09-14 20:26 | Report Abuse

dont know when going to move

Posted by ThePowerOfGlove > 2020-09-14 20:27 | Report Abuse

no idea

Posted by ThePowerOfGlove > 2020-09-14 20:27 | Report Abuse

no clue

Posted by ThePowerOfGlove > 2020-09-14 20:27 | Report Abuse

better start improving

Posted by wallstreetrookie > 2020-09-14 20:29 | Report Abuse

why i thought share bnuyback is good?

Posted by Peter2357 > 2020-09-14 20:49 | Report Abuse

based on its Net Asset per share of 13 cts n profit generating n recent gold discovery it's worth accumulating at 5cts per share

Posted by hongheng7 > 2020-09-14 20:50 | Report Abuse

Share price not drop, do not mean share price will up, cause it maybe will not move for week or month or year ...

Posted by Peter2357 > 2020-09-14 20:52 | Report Abuse

based on its Net Asset per share of 13cts,its recent GOLD find n making profit, worth investing at 5cts

Posted by ThePowerOfGlove > 2020-09-14 20:52 | Report Abuse

no movement at all

Posted by ThePowerOfGlove > 2020-09-14 20:53 | Report Abuse

lagi tidor juga kah

Posted by ThePowerOfGlove > 2020-09-14 20:53 | Report Abuse

still hibernating juga kah

Posted by ThePowerOfGlove > 2020-09-14 20:53 | Report Abuse

what la

Posted by ThePowerOfGlove > 2020-09-14 20:54 | Report Abuse

apa daah

Posted by ThePowerOfGlove > 2020-09-14 20:54 | Report Abuse

don't know when going to move

Posted by ThePowerOfGlove > 2020-09-14 20:54 | Report Abuse

no idea

Posted by ThePowerOfGlove > 2020-09-14 20:55 | Report Abuse

no clue

Posted by ThePowerOfGlove > 2020-09-14 20:55 | Report Abuse

better start improving soon

Posted by silversurfer96 > 2020-09-14 21:00 | Report Abuse

Well we will just see the market tomorrow...

Typically share buy back because
1. Company wants to retain its price to attract investor
2. Company buy at low and later sell at high (in anticipation that it will be higher)
3. Reduce the volatility in the market so that it is able to move up faster (less heavy weight)


I think most likely no 1 as they had issued PP and market value is lower than PP. Those private investor will be up their asses coz had to buy premium. So, they will push it to 0.06 or 0.065 so that PP is attractive.

Posted by Paliwar > 2020-09-14 21:09 | Report Abuse

@ThePowerOfGlove bising laa u ni, ni kaunter emas bkn glove..pergi save ur boat in glove dulula

Posted by Will188 > 2020-09-14 21:13 | Report Abuse

Share 1 more finding. Why I brought and keep million of shares (units) and decide prepare to keep for super long term.

BORNOIL
*Price = RM0.05
*Market Cap = 307.44m
*Sales = 88.3m
* Net Asset = 671.96m

Bahvest
*Price = RM0.515
*Market Cap = 633.65m
*Sales = RM21.2m
*Net Asset = 129.7m

**info may not accurate. Check yourself. Tq.

Posted by Will188 > 2020-09-14 21:16 | Report Abuse

But don't over +ve price will move up soon.. As they are still many ppl pressing down the price for accumulation.... Good luck

Posted by Will188 > 2020-09-14 21:28 | Report Abuse

One more funny part is who so stupid one time major sell 172m shares at 0.05!!! Suppose 0.05 is at Buy Call!!! So nasty.... Operator.. Careful until they allow market/Investor determine the price!

Posted by Moneyfind44 > 2020-09-14 21:40 | Report Abuse

2.994mil lot change hand today at 0.05..which 1.75mil share buyback..

Posted by keith188 > 2020-09-14 23:07 | Report Abuse

No. Transaction Date Name Of Shareholder / Fund Type Quantity (Units)
1 2020-09-10 VICTORIA LIMITED Disposal 25,000,000
2 2020-09-02 DATUK JOSEPH LEE YOK MIN @ AMBROSE Purchase 2,000,000
3 2020-08-03 GEK POH (HOLDINGS) SDN BHD Disposal 273,000,000
4 2020-08-03 HAP SENG INSURANCE SERVICES SDN BHD Disposal 273,000,000
5 2020-08-03 TAN SRI DATUK SERI PANGLIMA LAU CHO KUN @ LAU YU CHAK Disposal 273,000,000
6 2020-03-18 DATUK JOSEPH LEE YOK MIN @ AMBROSE Purchase 17,850,000
7 2020-03-05 DATUK LIM NYUK SANG @FREDDY LIM Disposal 55,000,000
8 2019-07-19 DATUK LIM NYUK SANG @ FREDDY LIM Purchase 55,556,000
9 2019-04-05 VICTORIA CAPITAL SDN BHD Disposal 18,000,000
10 2019-04-02 VICTORIA CAPITAL SDN BHD Disposal 67,000,000
11 2019-03-27 DATUK JOSEPH LEE YOK MIN @ AMBROSE Purchase 119,639,185
12 2018-11-14 VICTORIA CAPITAL SDN BHD Purchase 2,799,900

Posted by pineapple123 > 2020-09-15 00:15 | Report Abuse

7036 BORNOIL BORNEO OIL BHD
Immediate Announcement on Shares Buy Back

Date of Buy Back : 14/09/2020
Description of Shares Purchased : Ordinary Shares
No. of Shares Purchased : 172,100,000 shares
Minimum Price Paid For Each Share Purchased : RM 0.050
Maximum Price Paid For Each Share Purchased : RM 0.050
Total Consideration Paid : RM 8,605,000.00
No. of Shares Purchased Retained in Treasury : 390,046,000 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 390,046,000 shares
Adjusted Issued Capital After Cancellation : 6,366,683,754
Date Lodged With Registrar of Company :
Lodged By :

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com

Posted by Investor787 > 2020-09-15 07:06 | Report Abuse

Something cooking , jom beli

Posted by Cojack31 > 2020-09-15 07:57 | Report Abuse

Price up 15 cts. People will start chase

Posted by Stevenyky > 2020-09-15 08:03 | Report Abuse

Agreed

Posted by Valgrovest > 2020-09-15 08:42 | Report Abuse

The share buy back of 172.1mil is considered substantial. It is about 3% of the total shares issued and the company spent about RM8.6m for the share buy back. This is something like what Top Glove and Supermax did a few days ago. If Bornoil continue to do more share buy back, I trust the share price will surely go up as they will eat up all the sellers and the buy back actually reduces the number of shares in circulation.

Posted by lehubeng > 2020-09-15 08:56 | Report Abuse

gold up... 1957... hold tight... no sell....

Posted by willc48 > 2020-09-15 09:32 | Report Abuse

warisan wins, borneo goes Harapan. warisan loses, borneo will be perikatan by corrupted sabah umno,

Posted by aizaclunk > 2020-09-15 09:38 | Report Abuse

share buy back will help to reduce dilution too is it?

Posted by LimitHunter > 2020-09-15 11:55 | Report Abuse

when will up this counter huhu

Posted by Rosly Smt > 2020-09-15 12:28 | Report Abuse

Buy back at cheap....when fly who will win?

Posted by Rosly Smt > 2020-09-15 12:46 | Report Abuse

Operator control 0.05....dumping all the way

Posted by lehubeng > 2020-09-15 13:09 | Report Abuse

gold up.... 1967...

Posted by singkalin > 2020-09-15 14:43 | Report Abuse

Bangunlah sayang. Jangan tidur lagi.

Posted by singkalin > 2020-09-15 14:44 | Report Abuse

Hari hari 50, 55,50,55,50,55,50,55,50,55. Boringlah.

Posted by TuTu1183 > 2020-09-15 14:52 | Report Abuse

Wait 500 550 5000 5500

Posted by humongainz > 2020-09-15 14:54 | Report Abuse

haven't start goreng? rn good entry price. a bit risky arr, i warn u first.

Posted by Rosly Smt > 2020-09-15 15:01 | Report Abuse

Lari

Posted by leongforever > 2020-09-15 16:00 | Report Abuse

this share not moving at all