Posted by Cojack31 > 2021-07-27 07:35 | Report Abuse

Will188@just gimmick i think.to trap . Just showing something is boiling. But it is not. Process paper convert to money only

Posted by Cojack31 > 2021-07-27 07:37 | Report Abuse

Sbb = easy way for company make fast money.

Posted by ipohwhitecoffee > 2021-07-27 07:40 | Report Abuse

looks like a shitty stock to avoid.....

Posted by Sales > 2021-07-27 13:05 | Report Abuse

Lehubeng, please don't ask shareholders to hold tight. We have hold very very tight from 0.19sen until now. Don't you think is good enough. Just to let you know we hold more than 5 years.

Posted by Cojack31 > 2021-07-27 14:43 | Report Abuse

Sales@.correct. . Agree

Posted by Jeffreyteck > 2021-07-27 14:44 | Report Abuse

Worst case scenario, london biscuit.

Posted by lehubeng > 2021-07-27 14:45 | Report Abuse

not to ask anyone else to hold tight.... just to remind myself since I did not sell at recent 0.045--0.05, why sell at 0.025 now? I better holding tight.....

Posted by BE_GREEEEEDY > 2021-07-27 14:54 | Report Abuse

BOOOO CHOWWW CCCCCC ??....

Posted by weirdvilante > 2021-07-27 15:02 | Report Abuse

BOOOO CHOWWW CCCCCC ??....

Posted by lehubeng > 2021-07-27 17:44 | Report Abuse

sbb 1 mil at 0.03....

Posted by whistlebower99 > 2021-07-28 10:24 |

Post removed.Why?

Posted by wallstreetrookie > 2021-07-28 12:16 | Report Abuse

Stop comparing garbage companies like PDZ Holdings. I did some research and it looks like a complete shell company with no earnings. Also, PDZ has almost zero institutional support. I think Borneo Oil is a sleeping giant at this price. It is a crazy value buy.

Simple stats without accounting BS because penny stocks don't rely on fundamentals. But if you insist:

PDZ Holdings: EPS -1.92 P/B 0.9x EBITDA -RM17.51M Cash & Inv. RM38.59M EV/EBITDA Void
Borneo Oil: EPS 0.03 P/B 0.3x EV/EBITDA 54.7x Cash & Inv RM45.62M

Posted by wallstreetrookie > 2021-07-28 12:19 | Report Abuse

Only weird thing is it is difficult to get in touch with the management. And I haven't visited the company in person. If anyone has used their product, please provide your input. Wanna hear some views on the future prospects of this company. I am very bullish.

Posted by wallstreetrookie > 2021-07-28 12:22 | Report Abuse

This is the only penny stock that I am comfortable holding long term. And I am not selling my shares cheap to Macquarie

Posted by wallstreetrookie > 2021-07-28 12:29 | Report Abuse

Mark my words. Borneo Oil will 10x after the subscription is finished. Price target: RM0.35

Posted by lehubeng > 2021-07-28 12:42 | Report Abuse

bravo.... Will hold tight.....

Posted by Slc1 > 2021-07-28 12:49 | Report Abuse

U sure or not 0.35?

Posted by whistlebower99 > 2021-07-28 13:57 |

Post removed.Why?

Posted by UncleFollower > 2021-07-28 14:53 | Report Abuse

wallst you understated Bornoil cash position cash & inv 45.62M

45.62M is Cash + FD

Inventories is 35M (mainly limestones and raw materials) excluding trade receivables of 12.35M and other receivables 27.7M. If u look at past records they have a good record of recovery. Hardly any bad debt - and if there were, subseuqent quarters showed recovery of such bad debts

Above is based on cut off date 31/3. Since then PP and ESOS raised 25M, SBB used 10.5M, so net cash + 14.5M

Investment properties are real and carried at book value. Look through the reports. Theres 612M here.

Company yet to have meaningful loans.

Last year after MCO secured a 50M loan. As I said before banks granting loan is a show of strength. Banks vet thru showing us another layer of scrutiny

Bornoil's book value is real. These are not goodwill etc. They are tangible assets.

Current market cap is around 236M at 3c. Not difficult to blast off

Posted by UncleFollower > 2021-07-28 14:54 | Report Abuse

whistle ur kind intentions are noted

consolidation isnt necessarily bad for bornoil. bornoil's penny problem is the huge % change each bid. if theres a 10-to-1 it will make movements much easier

Posted by UncleFollower > 2021-07-28 14:55 | Report Abuse

this co also has now 9.36% out of 236M market cap in treasury shares. there can be an exercise to consolidate 10-to-1, distribute 1-for-10, or placement to another large shareholder. any exercise is better than no exericse

Posted by UncleFollower > 2021-07-28 14:57 | Report Abuse

totally agree this is one easy penny stock to hold. u dont have to put all ur eggs in one basket...this isn't that bad being 1/10 or 1/15 of ur port. everything is down now except maybe the truly penny goreng stocks lol. dont discriminate it just cos it came down together with other stocks

Posted by UncleFollower > 2021-07-28 14:58 | Report Abuse

0.35 will happen. the question is what is ur cost when it's 0.35. unless u hold so little it doesnt matter to u, how to hold something from 0.035 to 0.35 lol. U can? I cant.

Slc1 U sure or not 0.35?
28/07/2021 12:49 PM

Posted by Valgrovest > 2021-07-28 17:01 | Report Abuse

Looks like company controlling the price - purposely pushed back to 3 sen at closing.

Posted by hanna20 > 2021-07-28 17:05 | Report Abuse

Currently cannot see it may rise to 3 cents

Should have some plan on it

Posted by Valgrovest > Jul 28, 2021 5:01 PM | Report Abuse

Looks like company controlling the price - purposely pushed back to 3 sen at closing

Posted by lehubeng > 2021-07-28 17:28 | Report Abuse

sbb 1 mil at 0.03.....

Posted by silversurfer96 > 2021-07-28 17:47 | Report Abuse

I think the share buy back is to sustain the price for Macquarie subscription. They will stop once subscription done. Of course, anything can happen after that - further go down or go up with all their joint venture coming to live. All their announcement had been diluted with their announcement on SBB

Posted by kuaTAKtahu > 2021-07-28 19:59 | Report Abuse

Buy Buy Buy Buy

Posted by UncleFollower > 2021-07-28 22:47 | Report Abuse

Questions...what is MQ waiting for at this price...and who has shares to sell at 2.5 cents

Posted by lehubeng > 2021-07-28 23:40 | Report Abuse

since retailers hardly want to buy bornoil at 0.03 now, MQ can simply asked cronies to sell at 0.025 to make the VWAP for previous 5 trading days less than 0.028.With that MQ can get the subscription at the floor price of 0.025 for his remaining 30% yet to subscribed shares

Posted by FarmbesFlyer > 2021-07-29 01:52 | Report Abuse

Buy as much as u can now. U will laugh all the while to the bank later!! Good luck all sifu, old birds or new birds!!

Posted by Will188 > 2021-07-29 02:10 | Report Abuse

1 Word. Grab TIGHT ur shares. Don't let them accumulate/privatise. they are accumulating shares from retailers as many can't handle this drop.. Evil

Posted by Will188 > 2021-07-29 02:11 | Report Abuse

Those know Berjaya... Wil understand.

Posted by whistlebower99 > 2021-07-29 10:40 |

Post removed.Why?

Posted by lalazai9 > 2021-07-29 12:01 | Report Abuse

Que at 0.005 sure win hehe

Posted by justin1njp > 2021-07-29 12:08 | Report Abuse

All is timing.
Even good company, making billion profit. Share price also drop. Con ppl too. Right?
Those shitty company help ppl make money. Very bad is it? Con ppl?

Posted by Cojack31 > 2021-07-29 14:50 | Report Abuse

But bornoil really uselless. ..never fly like others

Posted by wallstreetrookie > 2021-07-29 15:19 | Report Abuse

Yeah because we are all waiting for you to sell haha.

Posted by wallstreetrookie > 2021-07-29 15:19 | Report Abuse

Cojack31 you are the resistance level for Bornoil

Posted by Cojack31 > 2021-07-29 18:51 | Report Abuse

Waiting bornoil operator change the style.. Maybe there forgot 6 years sleeping .. Just make they wake up..hahahahahaha..ooi wake up..wake up.. 6 years oooo..

Posted by Cojack31 > 2021-07-29 18:52 | Report Abuse

All people here feeling sad. Fly2 make them happy..

Posted by Cojack31 > 2021-07-29 18:53 | Report Abuse

Im waiting 30 cts to sold. Anyone dare to que buy??

Posted by Gerrardo > 2021-07-29 20:36 | Report Abuse

Maybe they have some future plan

Posted by Will188 > Jul 26, 2021 5:53 PM | Report Abuse

Mcq buy and sell back to Bornoil maybe. But issue is why Bornoil keep SBB aggressively

Posted by FarmbesFlyer > 2021-07-29 22:54 | Report Abuse

Justin, you are right! To buy a stock is the timing of right entry price. The company future plan is also very important.
Today Bornoil price is the right entry price. Accumulate as much as you can. Don't be influenced by so called stock sifu.

Posted by Will188 > 2021-07-30 01:29 | Report Abuse

Equities myr700m. Market Cap myr200m. They want swallow entire company. Understand?

Posted by Will188 > 2021-07-30 01:30 | Report Abuse

Once buy keep tight. They want u lose hope and eat ur shares. Short term always lose. Even long term also give up.

Posted by Will188 > 2021-07-30 01:34 | Report Abuse

Min I hold 1mil shares... Die2 don't sell. Grab it while they exchanging shares/collect put under treasury. Understand?

Posted by lehubeng > 2021-07-30 07:30 | Report Abuse

sbb 0.6 mil at 0.03.....gold 1830..... today bornoil rebound....

Posted by gghaha > 2021-07-30 12:43 | Report Abuse

why now investor like to cheating themself......just a trick for trf money from right to left pocket...shares is getting priceless soon....:)

Posted by lehubeng > 2021-07-30 18:56 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3179812

Good news?