Posted by MZM2511 > 2021-09-01 11:54 | Report Abuse

Unusual Items
During the quarter under review, the Company had on 10 May 2021 announced that Borneo
Energy Sdn Bhd, its indirect wholly-owned subsidiary, had entered into a Sale and Purchase
Agreement with Gold Billion Global Limited (BVI Company No. 1759774), a wholly-owned
subsidiary of Verde Resources Inc., a Nevada USA corporation listed under OTCQB for the
disposal of Technology Assets and Intellectual Property Rights for a total consideration of USD5
million to be fully settled by way of allotment of shares in Verde Resources Inc. The shares in
Verde Resources Inc. had been reflected as an investment in quoted securities and fair value
through profit and loss accordingly in the quarter under review


The Group reported a profit before tax of RM35.41 million compared to a loss before tax of
RM3.61 million mainly due to the fair value gain on investment in quoted securities of RM26.46
million, reversal of impairment loss of RM18.63 million and disposal of business assets of
RM1.91 million

Posted by MZM2511 > 2021-09-01 11:56 | Report Abuse

@wistlebower99
By the way, do you know that the "other income" thing also earned from the investment done by the company before. Therefore, the profit earned for 3QR 2021 and FY 2021 are earned from the company operations and investment

Posted by ZackMaz > 2021-09-01 12:07 | Report Abuse

every RM 1 stock starts from 0.035....Company is doing good business. Now ecomomy sector all will be open again..atleast 0.10c is not far from realtiy

Posted by pang123 > 2021-09-01 12:13 | Report Abuse

EPS is rm0.0003 for the QR. not rm0.03 as some assumed ya. Without the disposable asset, meaning they still making losses from daily operation. Good news is that dine in start to be allowed. Good got F&B as I saw people swamp to shopping complex and restaurants. But there is always a big risk to open the economy when the covid cases still @ 20k. It would mean chances of covid 19 cases rising would be high. Also anyone can update on their gold mine?

Posted by MZM2511 > 2021-09-01 12:35 | Report Abuse

@pang123. The 4QR 2021 EPS is 0.52 sen (individual qurter result). For 12 months result is 0.42 sen (FY 2021 result)

Please look at the 4QR 2020 report. At CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, page 1.

Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3188999

Posted by lehubeng > 2021-09-01 13:03 | Report Abuse

just hope it can hit 0.06 for me to earn a little bit and run.....

Posted by de_yangtulor > 2021-09-01 13:08 | Report Abuse

Stil waiting LU....hehee

Posted by MZM2511 > 2021-09-01 13:11 | Report Abuse

No LU he he he. The NOSH is too big. But the price can be appreciated gradually. I hope.

Posted by justin1njp > 2021-09-01 13:24 | Report Abuse

The other income can b gaining from playing share. Own share didnt goreng n gireng other shares.

Posted by justin1njp > 2021-09-01 13:26 | Report Abuse

50,000,000 Bornoil Shares at a subscription price of RM0.0250

Posted by TokioDeals > 2021-09-01 13:28 | Report Abuse

@MZM2511, fair value gain for Verde. This one can fly to the moon because Verde main business is Ganja. NFA.

Posted by yemes35202etoymail > 2021-09-01 13:45 | Report Abuse

zamsaham promoting

Posted by bullvisor > 2021-09-01 13:47 | Report Abuse

Brent crude. 72.15. up 0.52. Green!

Posted by damiantreez > 2021-09-01 14:01 | Report Abuse

already break downtrend line. slowly climbing back up. long term may see 5-6 sen reached again

Posted by gghaha > 2021-09-01 14:10 | Report Abuse

long term.....1 ,3,5,10 years.....:)

Posted by lehubeng > 2021-09-01 14:21 | Report Abuse

no momentum......

Posted by whistlebower99 > 2021-09-01 14:32 | Report Abuse

Need to do shares consolidation to reduce NOSH, then only uptrend can be easier to maintain.
Or get a bigger figure for Other Income to give a higher EPS. Wait for next QR to see.
Don't forget it has 2 fat babies to lift up too.

Posted by Valgrovest > 2021-09-01 14:41 | Report Abuse

Need big player to eat up the sell Q of 62m shares then can fly.

Posted by lehubeng > 2021-09-01 15:06 | Report Abuse

bought wd at 0.02....

Posted by SincereStock > 2021-09-01 15:44 | Report Abuse

buy queue getting more and more, sell queue getting lesser, BORNOIL add oil~!

Posted by ZackMaz > 2021-09-01 15:52 | Report Abuse

anytime from now...hehe

Posted by UncleFollower > 2021-09-01 16:02 | Report Abuse

It's really not just the one-off. And the one-off isn't really a one-off because there could be more. I thought the biofraction was shit at first...well it is recycling shit and they turned shit to 166M shares in Verde...isn't that quite commendable...

This quarter is about 2 things other than the "one-off"

Firstly we should have expected more losses. MCO F&B and mining etc all severely affected. So no loss is already good

Secondly the reversal of mining (limestone/ marble) segment impairment losses lend credibility to their business

And all this is before their much talked about Gold Mine. Not forgetting that in May this year they just added neighbouring gold mine to their portfolio.

All being said it's really not that bad. MQ is disturbing the price, we wait

Posted by UncleFollower > 2021-09-01 16:04 | Report Abuse

Clearly there are insiders...

27th 18M WC done at 1.5
30th 8M WC done at 1.5

Today 60M WC done at 2.0

For other counters maybe we say it's random.

For this counter where WC is barely traded the sudden surge in volume is clearly insider move...

So hopefully this means insider has more news and it goes up further

Posted by UncleFollower > 2021-09-01 16:05 | Report Abuse

If they were to start pumping, then within this month we should see more announcements...remember how they announced the gold discovery and drove the stock up big time...pray

Posted by UncleFollower > 2021-09-01 16:08 | Report Abuse

Honestly in the March 20 crash this is the shittiest stock I bought. 1c, 1.5c, 2.0c. Buy in Jul-Aug 20 this one made the mosttttt money. Turning shit to gold

Posted by UncleFollower > 2021-09-01 16:14 | Report Abuse

Buy

wallstreetrookie @UncleFollower Don't talk so much. Hold
01/09/2021 4:09 PM

Posted by Valgrovest > 2021-09-01 16:19 | Report Abuse

The sell Q is getting smaller and smaller. Good sign.

Posted by UncleFollower > 2021-09-01 16:21 | Report Abuse

Movinggggg

Valgrovest The sell Q is getting smaller and smaller. Good sign.
01/09/2021 4:19 PM

Posted by Citadel666 > 2021-09-01 16:35 |

Post removed.Why?

Posted by HrryPttr > 2021-09-01 16:36 | Report Abuse

Soon 1.5 sen

Posted by Dennis Aung > 2021-09-01 16:38 | Report Abuse

Beware traps .........

Posted by SincereStock > 2021-09-01 16:44 | Report Abuse

@wallstreetrookie lmao 33% sell volume, such sudden big wave of volume which bilis can do? so funny la blame on bilis lmao

get over it, bilis can never control the price la

anyway I just entered this morning at 0.03, still holding, spare money, definitely can hold for much longer, but definitely not expecting anything close to 1000% profit

Posted by SincereStock > 2021-09-01 16:47 | Report Abuse

@wallstreetrookie never let emotion affect your decision in stock market

Posted by SincereStock > 2021-09-01 16:49 | Report Abuse

@wallstreetrookie bought with RM1.2M, you are not a bilis...

Posted by Cojack31 > 2021-09-01 16:51 | Report Abuse

Mccquire throw ke byk2

Posted by SincereStock > 2021-09-01 16:52 | Report Abuse

delete messages haha funny drama, nobody is selling at loss at today closing price anyway

Posted by wallstreetrookie > 2021-09-01 16:54 | Report Abuse

I am partially joking. Don;t be offended by my messages thank you @Sincerestock just mad that someone keeps pressing down the price. This is a good stock but some nefarious third party is holding down the price. Very greedy

Posted by wallstreetrookie > 2021-09-01 16:55 | Report Abuse

I am still with you all. But my effort to close at RM0.04 failed

Posted by Valgrovest > 2021-09-01 17:02 | Report Abuse

There are big boys here - came in and sapu all the sell Q of 3.5sen within seconds and then threw back - just to create volume of shares traded. Also at 4.52pm, one single lot transaction was seen followed immediately with three tranches of purchases of 500k shares. Something is brewing behind the scene. Would be interesting to watch the play tomorrows and the days to come.

Posted by UncleFollower > 2021-09-01 17:06 | Report Abuse

tanco 2M revenue fry from 3.5c to 24.0c....when Borneo oil got oil

Posted by UncleFollower > 2021-09-01 17:06 | Report Abuse

MQ got the cheap shares to dump...we have to wait for annual report to see who is holding what...

Valgrovest There are big boys here - came in and sapu all the sell Q of 3.5sen within seconds and then threw back - just to create volume of shares traded. Also at 4.52pm, one single lot transaction was seen followed immediately with three tranches of purchases of 500k shares. Something is brewing behind the scene. Would be interesting to watch the play tomorrows and the days to come.
01/09/2021 5:02 PM

Posted by Valgrovest > 2021-09-01 17:08 | Report Abuse

It could possibly be Mcquarie that spoilt the show. They might have been waiting for the right moment to throw kaw kaw when big fishes came in to eat all the Q at 3.5sen. They bought at PP at 2.5 sen and throwing at 3.5 sen gave them very good profit. That also partly explains why after acquiring so much shares via PP but never made any announcement of major shareholder of 5% or more.

Posted by SincereStock > 2021-09-01 17:09 | Report Abuse

@wallstreetrookie no worry, gd luck

@valglovest good analyst

anyway I think our current entry price should be quite safe for the moment, unless there is bad news

Posted by SincereStock > 2021-09-01 17:24 | Report Abuse

not worry too much about MQ, they maybe keen to sell at 0.035 or even 0.030, but don't think they will throw back at 0.025 or anything below. if I am them I would also consider to wait for higher price after selling good portion of the total PP shares at 0.030 and 0.035, no reason to continue pressing down the price beyond that

Posted by Cojack31 > 2021-09-01 17:36 | Report Abuse

If tommorow no confinue show. MQ throw ler tu

Posted by Valgrovest > 2021-09-01 18:23 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3189455

I have been waiting to capture this for quite a while after he announced earlier of his intention to deal in Bornoil stock (see my earlier post). Finally it comes today - that Datuk Ambrose Lee bought 1 mil shares in Bornoil today. This is a very strong message or indication of what is going to happen to Bornoil share price. I leave it to you to make your own judgment.

Posted by 7chewe > 2021-09-01 18:23 | Report Abuse

01-Sep-2021 Insider DATUK JOSEPH LEE YOK MIN @ AMBROSE (a company director) acquired 1,000,000 shares at 0.035 on 01-Sep-2021.

BUY BUY BUY!!! Price already bottom 0.035, now time to GO UP SKYROKETING!

Posted by 7chewe > 2021-09-01 18:26 | Report Abuse

https://www.nst.com.my/business/2021/09/723281/bornoil-posts-solid-q4-earnings-contribution-quoted-securities

BornOil posts solid Q4 earnings, contribution from quoted securities

NST Business2-3 minutes 9/1/2021

KUALA LUMPUR: Borneo Oil Bhd (BornOil) reported a net profit and revenue of RM35.51 million and RM15.82 million for the fourth quarter (Q4) ended 30 June 2021 (FY21), an increase of 2,736 per cent and decrease of two per cent respectively.

The sharp increase in net earnings was due to fair value gain on an investment in quoted securities of RM26.46 million, reversal of impairment loss of RM18.63 million and disposal of business assets of RM1.91 million.

For the full year, BornOil's net profit jumped 1,784 per cent to RM28.51 million from RM1.59 million, while revenue decreased 42 per cent to RM51.40 million from RM88.28 million last year.

Its resources and sustainable energy division, in particular, reported profit before tax of RM16.98 million for the quarter due to a gain of RM20.54 million on reversal of impairment loss and disposal of business assets.

The New Straits Times previously reported that BornOil collaborates with Nevada-based Verde Resources of the United States on catalytic biofraction green technology initiatives.

This collaboration has enabled BornOil to penetrate the US market, where global investors have been demanding socially and environmentally conscious initiatives related to green sustainable products.

BornOil executive director Datuk Joseph Ambrose Lee said that the company has aspirations to be a global renewable energy player in converting palm oil waste products to biomass, biochar, biogas, biofuel and wood vinegar.

Under the Biden administration, the proposal of a US$2.25 trillion infrastructure plan will focus on green energy and decarbonisation.

BornOil's other core business is limestone, the main and monopolistic limestone supplier to the cement industries in Sabah and the BIMP-EAGA (Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area).

The company is also sitting on some strategic properties in Sabah.

The company is also involved in gold mining and trading, while the Sugarbun management team spearheads its food and franchise operations.

BornOil's 'culture of innovation' also launched the popular Sabasco chilli sauce in recent weeks.

Posted by 7chewe > 2021-09-01 18:28 | Report Abuse

More GOOD news is coming out soon

TP 0.10 can be achieve soon :),,,,

Posted by Valgrovest > 2021-09-01 18:46 | Report Abuse

So many positive news these few days. Plus company is financially strong - with no debts but net cash.