Posted by MZM2511 > 2020-10-01 19:55 | Report Abuse

Good to see different opinion from different individuals. We can broaden our perspectives towards the company's prospects. We can make our own decision based on all the ideas. After all, thanks.

Posted by MZM2511 > 2020-10-01 20:08 | Report Abuse

Normally, consolidation without capital reduction wont be bad exercises for share holders.

Bornoil's balance sheet shows retained profits (not accumulated losses), therefore if they want to consolidate share, there will be no capital reduction exercises.

Posted by lehubeng > 2020-10-01 20:08 | Report Abuse

waiting at 0.025.

Posted by FarmbesFlyer > 2020-10-01 20:13 | Report Abuse

Buy as many as u can with no regret.. Those who trap at 9 cents, may god bless u!!

Posted by MZM2511 > 2020-10-01 20:20 | Report Abuse

Agree with @Will188. NTA 0.13. Why we can't buy at 0.04, 0.03 or even 0.02?

If the balance sheet was not manipulated, therefore its save to buy at that prices.

Posted by Will188 > 2020-10-01 20:34 | Report Abuse

.. Till now talk without data, prove, analysis. Go home sleep ba sleeping crying baby @cojak31

Posted by Investor787 > 2020-10-01 21:57 | Report Abuse

Bornoil shud give dividen if the company is really good.

Posted by Moneyfind44 > 2020-10-01 22:04 | Report Abuse

If u see many stock suddenly price jump..iris,mmag,bintai & bla bla bla...but nobody be jutawan...why?talk too much also no use.tell this good that not good..all facts,data,analysis come out but when the stock cross the NTA,quickly cut it...suddenly the stock price 3 or 4 times more than NTA...If bornoil price cross the NTA value,all that currently here in this forum will disappear & newcomer will take over this room

Posted by aizaclunk > 2020-10-01 22:08 | Report Abuse

@Will188 idk man but somehow i feel them too, if you read old comments some of them here told that they’ve been here for years, they used to believe for future too but after these years the share price is still like this, year by year dropping, the worst when it’s a no dividend counter

Posted by MZM2511 > 2020-10-01 22:51 | Report Abuse

For now the company is short of cash. RM600 mil used as investment properties, the biggest item in the balance sheet. The coy aggressively invested in properties. Because of the short of cash problem, the coy don't pay dividend and call for the cash by executing PP and ESOS. Idea based on my instant observations only.

Posted by 651158 > 2020-10-01 23:17 | Report Abuse

gold hit to 1907 what happened to this kauter no up

Posted by Valgrovest > 2020-10-01 23:19 | Report Abuse

Infact the company has very little bank borrowings and gearing is negligible. Perhaps they should get some bank borrowings and pay us some dividends and also that way the share price should go up....Let the management wake up from their sleep and ponder about it.

Posted by MZM2511 > 2020-10-01 23:23 | Report Abuse

Agree with you @Valgrovest. Just pay a minimal percent of dividend. Just to makeup the company's appearance... He He

Posted by MZM2511 > 2020-10-01 23:42 | Report Abuse

They enriched their insiders by issuing ESOS and PP. No need to get extra income in term of dividend.

The real losers without any income (dividend) from the company were the retail investors.

Posted by waves32 > 2020-10-02 06:47 | Report Abuse

Hi folks, just the way I see is, that this counter is hopeless counter. For those who can sell now you should do so now. If you can't sell like me, because you entered from 9 cents or higher, or you still believe that this counter will go up one day! you should wait till the end of October, the price will be 2.5 or 2 cents. if the current trend continue, the price has fallen from 6 cents to 4 cents last 4 weeks.

Posted by waves32 > 2020-10-02 06:54 | Report Abuse

I bought 1/2 ml when this share was above 9cnts. I had no risk management strategy at that time. Now I have no Joyce. There is no way to sell it now. I can only accumulate. I am planning to buy 1ml or 2mls when it gets 2cnts or 2.5cnts! any of you has good advise pls let me know. Thnx,

Posted by Survivor13 > 2020-10-02 07:27 | Report Abuse

it depend on gold , o

Posted by Survivor13 > 2020-10-02 07:28 | Report Abuse

long term should be ok. not contra

Posted by 651158 > 2020-10-02 07:50 | Report Abuse

nobody one to push itup

Posted by Will188 > 2020-10-02 09:25 | Report Abuse

Where is Chicken Out @Cojack? @waves your strategy is correct to averaging cost out significantly... But prepare LT. Me same scenario with u

Posted by Will188 > 2020-10-02 09:37 | Report Abuse

Go Google what is Net Tangible Asset. Its 0.13! This can't cheat as its base on company asset and liabilities. Even they want bankrupt also not scare.. Only scare operator/shark want "swallow" entire company which is what happening now price had been pressing down.

Posted by Will188 > 2020-10-02 09:46 | Report Abuse

@Cojack... U said NTA is fake. Plz come out debate coz I feel its our responsibility to educate u... Else pity u...

Posted by waves32 > 2020-10-02 09:58 | Report Abuse

I think NTA is only relevant when the company goes bankrupt! Otherwise it has nothing to do with the shares value.

Posted by MZM2511 > 2020-10-02 10:09 | Report Abuse

At least NTA is one of the information that shows the viability of the coy.

Posted by waves32 > 2020-10-02 10:13 | Report Abuse

MZM2511, I agree with you.

Posted by 651158 > 2020-10-02 10:51 | Report Abuse

to day no many buyer and sell

Posted by Will188 > 2020-10-02 10:55 | Report Abuse

Today will press down further.. But expected.

Posted by Will188 > 2020-10-02 10:58 | Report Abuse

Cojak runaway send/change MZM? Many company shares price high than NTA due to they add in future value. Now we trade below NTA. What you want? Mean even bankrupt also they need compensate 0.13 cts / share to shareholder... Go study 1st before write nonsense mislead ppl here. I always say its LTerm for this counter.

Posted by Will188 > 2020-10-02 10:59 | Report Abuse

Nothing to do with shares value? No wonder so many ppl making losses coz invest without study the basic fundamental.. Then Warren buffet crazy man?

Posted by Will188 > 2020-10-02 11:03 | Report Abuse

Today high chance exceed 10mil coz they will sapu all at 0.045 and press down price to 0.035 queue buy. Some1 just using $ to press down price... Intention u guys brainstorm urself...

Posted by MZM2511 > 2020-10-02 11:05 | Report Abuse

I'm no Cojack. Only a newbie. Just giving my ideas.

You misundestood me @Will88. My opinion is while Bornoil's NTA is higher than their listing prices, its save to buy its share.

My previous posting:
"Agree with @Will188. NTA 0.13. Why we can't buy at 0.04, 0.03 or even 0.02?"

Posted by Will188 > 2020-10-02 11:09 | Report Abuse

Noted with tks

Posted by MZM2511 > 2020-10-02 11:10 | Report Abuse

At least NTA is one of the information that shows the viability of the coy.

Rephrase: NTA is important to show the viability of the company.

Posted by waves32 > 2020-10-02 11:15 | Report Abuse

MZM2511: when the company bankrupts NTA are sold to cover part of the wealth of the common and preferred shareholders (company owners). NTA will not cover (ordinary share holder like me and you)'s lose!

Posted by waves32 > 2020-10-02 11:17 | Report Abuse

Therefore, if the NTA is 0.13 this is good for the company owners, but it has no meaning for investors like me and you.

Posted by MZM2511 > 2020-10-02 11:39 | Report Abuse

Yes, they will cover the creditors/loan and preference share holders first. If there is any balance, its will be allocated (maybe partly) to their ordinary share holders.

But wisely, look at Bornoil's balance sheet, their financial condition looks good. Their cash to debt ratio is healthy. No big loan. Without loan which cannot cover by the company, there should be no bankruptcy. Bankruptcy only normally initiated by the creditors because of the company's inability to serve the loan.

I got cheated by one of counter before , with a good balance sheet, but its declared bankrupt and its director got fined in court.

Conclusion: If there is no makeup done to their balance sheet and with records of profits earned every quarter and reasonable NTA, we should not worry about its bankruptcy's probability.

Posted by waves32 > 2020-10-02 11:41 | Report Abuse

Net Tangible Assets per share (NTA) is the value of the total portfolio divided by the number of shares on issue. If the value of the total portfolio is $100 and the number of shares on issue is 10, then the NTA is $10 per share. Now Bornoil according to i3investor.com has Market Cap: 287 Million and NOSH: 6,367 Million, this means the NTA is 0.045. so I don't know where you get 0.13 Mr (MZM2511)?

Posted by waves32 > 2020-10-02 11:45 | Report Abuse

Another problem is that NTA does not always mean cash money, it could be property, such as land, buildings and any other wealth including cash.

Posted by hakimsaat > 2020-10-02 11:46 | Report Abuse

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7036

from here maybe

Posted by Cojack31 > 2020-10-02 11:49 | Report Abuse

Im not interested in nonsence. I know the history of company. Will188@ pitty u. Waves31@ thanx for the info. . For me all stories no meaning. At least share price fly and give some proffitt

Posted by Cojack31 > 2020-10-02 11:50 | Report Abuse

For new comer. Careful. If good company price will fly. Gold mining and etc so far not benefit retail investor

Posted by Cojack31 > 2020-10-02 11:52 | Report Abuse

Waxes32@ teach will188@ hahahahaha

Posted by Cojack31 > 2020-10-02 11:52 | Report Abuse

Cheap vs peanut hahahahaha

Posted by waves32 > 2020-10-02 11:57 | Report Abuse

hakimsaat: Yes, this ( https://www.malaysiastock.biz) website shows that Bornoil has (Market Capital (RM): 286.50m, and Number of Share: 6.367b) then it says NTA is 0.13 !! I think there is something wrong with their calculation. because 286.50m / 6.367b is 0.045 and not 0.13 !!

Posted by MZM2511 > 2020-10-02 11:59 | Report Abuse

Net tangible assets are calculated as the total assets of a company, minus any intangible assets such as goodwill, patents, and trademarks, less all liabilities and the par value of preferred stock.

NTA = Total tangible aset - Total liabilities (included preferred stocks is a liability to the company)

We can look the NTA data from their Financial reporting especially in the balance sheet.

Posted by MZM2511 > 2020-10-02 12:01 | Report Abuse

@waves32. Please check the definition of NTA. NTA's calculation should not involve market capital.
No offence

Posted by waves32 > 2020-10-02 12:02 | Report Abuse

This can be true only, if bornoil has wealth other then its market capital such as gold, property, land, buildings, and cash that is not included in its market capital but how do we know this?

Posted by MZM2511 > 2020-10-02 12:09 | Report Abuse

More trustworthy NTA data can be retrieved in an audited financial statements.

Posted by fixul19 > 2020-10-02 12:11 | Report Abuse

@waves32.. your calculation of 286.50m / 6.367b is 0.045 = the current price of the stock... As far as B/S is concern, their asset is over than their liabilities..

Posted by Investor787 > 2020-10-02 12:19 | Report Abuse

PE ratio NTA to me are all bulshit , the only yardstick that i use now is dividen . To invest in Bornoil one must plan a strategy how to make gain from a slow and steady declining counter.. if you got a strategy for this go ahead.