Posted by Will188 > 2021-09-04 10:16 | Report Abuse

@sincere go study trive property u will know the risks... The Share Consolidation involves the consolidation of every 25 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 23 December 2020, go check today's price.

Posted by Will188 > 2021-09-04 10:36 | Report Abuse

By the way.. I am holding 1.2mil shares of bornoil

Posted by kuaTAKtahu > 2021-09-04 12:29 | Report Abuse

Hot volume. . . Good sign to rebound to 8 sen ?

Posted by MZM2511 > 2021-09-04 12:51 | Report Abuse

SEKADAR PANDANGAN SAYA SENDIRI. PARA PEMBACA YANG SUDI MEMBACA BOLEH KOMEN, TAK KIRA POSITIF ATAU NEGATIF

-----------------

Kita mungkin boleh perhatikan kebanyakan syarikat yang buat consolidation ialah apabila syarikat mengalami kerugian terkumpul yang banyak selain daripada NOSH yang besar. Pada kebiasaannya, banyak syarikat yang mempunyai masalah kerugian terkumpul yang besar akan buat capital reduction bersama-sama dengan proses consolidation.

Dan biasanya, syarikat yang mempunyai BOD yang hanya memiliki peratus saham yang sedikit suka buat consolidation. Ini kerana kesan negatif consolidation banyak ditanggung oleh pelabur runcit berbanding pemegang saham insider.

NOSH yang besar bukan jadi sebab mewajibkan sesebuah syarikat membuat consolidation. Kecualilah:

1. Keadaan kewangan syarikat amat memerlukan consolidation dibuat, contohnya dalam keadaan kerugian terkumpul yang banyak dalam kunci kira-kira.

2. Keadaan harga saham yang terlalu rendah di pasaran akibat masalah share spread yang terlalu besar yang menyebabkan pihak syarikat ingin buat consolidation bagi tujuan memastikan harga di pasaran menjadi lebih tinggi dan menarik minat lebih pihak pelabur institusi dan pelabur runcit untuk membeli saham syarikat tersebut.

3. Kemungkinan “ADA UDANG DISEBALIK BATU” dalam kalangan pengurusan sesebuah syarikat tertentu.
Terdapat segelintir syarikat yang mempunyai pengurusan yang mungkin menggunakan proses consolidation sebagai jalan mudah untuk menyelesaikan masalah dalam syarikat sambil mengaut kepentingan peribadi.


KESIMPULAN DARI SAYA:

1. Dari segi NOSH yang besar dalam Bornoil. Jika NOSH besar, keadaan kewangan okay, harga saham pun OKAY, syarikat tersebut rasanya tak perlu buat consolidation.
Sebagai contoh, lihat saja MY E.G. Bukannya nak buat consolidation tetapi menambahkan lagi jumlah NOSH syarikat sampai 8 bilion unit melalui Bonus Issue.

2. Dari segi FA saya rasa Bornoil masih okay dan menyakinkan:

(a) Syarikat berada dalam keadaan kaya dengan tunai (cash: 4QR 2021, tunai dan Fixed deposit RM35.4 juta) dan hutang (loan) yang kecil.

(b) Syarikat berada dalam keadaan untung. Berasaskan 4QR 2021 report, 4QR 2021, EPS = 0.52 sen sesaham dan untuk FY 2021, EPS = 0.42 sen sesaham.

(c) Keuntungan terkumpul adalah RM86.7 juta, bermaksud wujud excess dalam penilaian bagi nilai sesaham.

(c) NTA berdasarkan 4QR 2021 adalah 11 sen. NTA mempunyai premium yang besar berbanding harga semasa @ 3-3.5 sen. Ini bermaksud, harga 3 -3.5 sen sepatutnya menjadi "ATTRACTIVE" untuk pelabur kerana harganya yang berada pada paras diskaun dari nilai sebenar syarikat berasaskan NTA nya yang lebih tinggi.

3. Dari segi prospek perniagaan saya rasa Bornoil juga okay dan berdaya maju:

(a) Mempunyai perniagaan asas dari segi makanannya yang cuba untuk dikembangkan lagi. Masalah sekarang hanya kesan negatif pandemik, dan selepas pandemik kemungkinan syarikat mengembangkan lagi perniagaan makanannya adalah baik.

(b) Beberapa projek pelaburan sedia ada berasakan perlombongan bahan mineral yang belum sepenuhnya direalisasikan termasuk lime stone dan eksplorasi emas (gold). Potensi syarikat dari segi keberuntungan di masa hadapan adalah tinggi.

4. Dari segi share spread dalam Bornoil juga saya rasa okay:

(a) Peratus pegangan saham dalam kalangan “insider” Bornoil lebih kurang 25% dari keseluruhan saham. Bermaksud, masalah share spead yang terlalu besar dalam syarikat boleh dikurangkan.

(b) Kuasa untuk memilih sama ada untuk bersetuju atau tidak terhadap apa-apa cadangan consolidation saham dalam kalangan insider yang mempunyai peratus pegangan saham yang tinggi. Dengan itu, BOD mungkin kurang berkemungkinan untuk menjalankan consolidation saham jika ada bantahan dari pihak pemegang saham insider yang mempunyai kuasa VOTING yang lebih banyak.


SEKADAR UNTUK MAKLUMAT:

1. MY E.G ( 0138 ) NOSH: 3.772 billion (NOSH akan jadi 8 billion selepas Bonus Issue yang akan dibuat tak lama lagi) ---- Harga semasa RM1.94

2. SAPNRG ( 5218 ) NOSH: 15.979 billion ---- Harga semasa RM0.125.

3. Hong Seng ( 0041 ) NOSH 2.457 BILLION ---- Harga semasa RM1.87

Posted by SincereStock > 2021-09-04 13:49 | Report Abuse

@will188 you still did not answer my simple question, " just tell me how much lower you think this stock can go?" please give me short and direct answer (in sen or RM), no need so many unrelated explanations

no need to reply me anything if you plan to skip my question again

Posted by SincereStock > 2021-09-04 13:53 | Report Abuse

@will188 "By the way.. I am holding 1.2mil shares of bornoil" sorry to say but that only means you are now paper loss in this counter but still holding

you may say I am newbie but I started investing since 2016, consistently making more money than I lost

nothing complicated strategy here, buy low sell high only

Posted by SincereStock > 2021-09-04 13:55 | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA

Posted by SincereStock > 2021-09-04 13:57 | Report Abuse

I never ever consider to buy this company the time you enter, I entered only at 01 september 2021, entry price 0.030, all pass history irrelevant to me

Posted by SincereStock > 2021-09-04 13:58 | Report Abuse

I am positive the price hardly go lower at this point, so better risk vs reward

Posted by weirdvilante > 2021-09-04 14:00 | Report Abuse

@MZM2511 on what page of the QR report we can see the NTA ?

Posted by alenac > 2021-09-04 14:03 | Report Abuse

What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA

Posted by SincereStock > 2021-09-04 14:14 | Report Abuse

@alenac the company's businesses prospect of course, how their business like sugar bun can generate good income or expand

buy low sell high no brainer? okay go ahead chase high those blue chips companies

Posted by singkalin > 2021-09-04 14:14 | Report Abuse

Can anyone provide information Macquire Bank is proxy to whom?
Its seems the PP is the way to draw easy money from Bornoil.
They subscribe below market price and sell immediately follow market price.
Its a sure win contract, just like Esos.

Posted by SincereStock > 2021-09-04 14:18 | Report Abuse

you guys know what? people tell me the same thing at the other counters which I made lot of money in the pass, "history" "trend" bla bla bla, I only see current price vs current value of the company

Posted by SincereStock > 2021-09-04 14:21 | Report Abuse

only 1 main rule that prevent me from losing money at stock market, "never buy anything above NTA or without significantly good NTA discount"

Posted by UncleFollower > 2021-09-04 14:21 | Report Abuse

Look at the bursa announcement/ annual report la

weirdvilante @MZM2511 on what page of the QR report we can see the NTA ?
04/09/2021 2:00 PM

Posted by UncleFollower > 2021-09-04 14:21 | Report Abuse

You're quite right. It's very hard to go below 2.5c because there are simply no sellers. However history can be a reference - you can cut off at the time Hap Seng entered via the rights issue - since then only in Mar 2020 crash there was available a short period below 2.5c. There simply isn't enough stock to push it below 2.5c.

SincereStock I am positive the price hardly go lower at this point, so better risk vs reward
04/09/2021 1:58 PM

Posted by UncleFollower > 2021-09-04 14:22 | Report Abuse

Many

Limestone/ marble mines. These are its largest assets now. Bulk of cash raised went into this segment. Off hand I recall close to 200M cash with guaranteed returns tied in. Clinker plant to be kicked off. All these are tied to the ongoing construction of Pan Borneo highway, which has been oft delayed. As I said before, they often get to recover bad detbs from this segment. There's credibiltiy in this segment. They claim a monopolistic position in the limestone/ clinker plant segment. They are currently short of efficient power supply and addressing logistics issue.

Gold mines. This has always been in play. Last Aug 2020 there was confirmation of gold reserves. May 2021 they bought up rights to the neighbouring gold mine. Also in cash.

For both above segment they require foreign labour/ professionals to come in. Pandemic disruption all on hold.

Fast food/ chili sauce. This drives revenue but has been losing money especially in the current environment. Not well run imho and the brand is quite dated. It's weak, any disposal in this segment is a major catalyst.

Biofraction plant sold for US5M paid in 166M OTC Verde shares. This is the source of this quarter's paper gains.

As you can see, not unlike other companies, Bornoil is also severely disrupted by covid lockdowns.

alenac What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA
04/09/2021 2:03 PM

Posted by UncleFollower > 2021-09-04 14:24 | Report Abuse

You're like the other guy who keeps talking about high NOSH. That is really secondary. A 10-to-1 isn't a bad thing at this point. Bornoil is so heavy not only because of NOSH, it's the bid spread. 1 bid is 16% at this point, this discourages both buyers and sellers. You talked about fundamentals - precisely, if fundamentals in tact NOSH irrelevant

Will188 Sincerestock, u too sincere innocent. History tell all. That why ppl need study history and technical analysis. Fundamental tell all. Don't know go study. 2 years ago I also like u.. Don't give up. Pay attention to supply/demand. So many case company use retailer to finance expansion... At the end delisted/private. How low.. U really a fool. Do you know they can they can apply 10 shares to 1 once outstanding shares too high?
04/09/2021 10:06 AM

Posted by SincereStock > 2021-09-04 14:24 | Report Abuse

@UncleFollower thank you so much for the details

Posted by UncleFollower > 2021-09-04 14:25 | Report Abuse

Yes syndicates have full control. Add the 20% subscription by MQ and they have even higher control now. Very difficult for retailers to do anything. The bid spread is too wide.


Will188 One day can shoot 100mil transaction next day 1mil transaction u think u guys retailers so great? All control by operator. Don't be so naive.
04/09/2021 10:07 AM

Posted by UncleFollower > 2021-09-04 14:25 | Report Abuse

Another thing...Bornoil has close to 10% in treasury shares. This is very rare across any counters. They can cancel them, distribute them, or sell them.

alenac What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA
04/09/2021 2:03 PM

Posted by alenac > 2021-09-04 14:28 | Report Abuse

Tell me about Sugarbun. Price now 3 sen. Like I said "no brainer" strategy is just bottom fishing, hook, line and sinkers.

Posted by SincereStock > Sep 4, 2021 2:14 PM | Report Abuse

@alenac the company's businesses prospect of course, how their business like sugar bun can generate good income or expand

buy low sell high no brainer? okay go ahead chase high those blue chips companies

Posted by SincereStock > 2021-09-04 14:30 | Report Abuse

long wait? no problem, most important is make money or lose money only

contra player? gg everywhere la if cannot hold longer

Posted by SincereStock > 2021-09-04 14:32 | Report Abuse

"bottom fishing", exactly that's how I have been making money, it works most of the time you know?

Posted by SincereStock > 2021-09-04 14:32 | Report Abuse

what else you need if a simple "no brainer" strategy can make you money?

Posted by SincereStock > 2021-09-04 14:37 | Report Abuse

"Tell me about Sugarbun. " actually, this part I disagree with UncleFollower, simply because I like sugarbun and have faith in the business to expand and become mainstream, nothing complicated.

Posted by alenac > 2021-09-04 14:37 | Report Abuse

No problem with me, the money is yours.

Posted by SincereStock > Sep 4, 2021 2:30 PM | Report Abuse

long wait? no problem, the most important is to make money or lose money only

contra player? gg everywhere la if cannot hold longer

Posted by alenac > 2021-09-04 14:44 | Report Abuse

Tell me your success stories, as "it works most of the time", and of failure too

Posted by SincereStock > Sep 4, 2021 2:32 PM | Report Abuse

"bottom-fishing", exactly that's how I have been making money, it works most of the time you know?

Posted by justin1njp > 2021-09-04 14:47 | Report Abuse

Macbank not yet finish pp. Dont give high hope. That's all.
But it give opportunity for public to collect at low price.
Macbank not yet become substantial shareholder. All those shares are absorbed into treasury share. Plus someone help to 'keep' it 1st since treasury already full of sbb.
Wait Macbank buy back n announced as substantial shareholder 1st. If not, the price is blocked. Cant move.
Go to see the monthly chart.not daily one, u c the pattern? This counter not suitable for contra.
This counter already successfully controlled by 'someone'. This is the indicator for a share to move up. Perhaps, need to wait for big boss approval before it moves.

Posted by alenac > 2021-09-04 14:50 | Report Abuse

Wow, Hap Seng is also a shareholder, but it is not able to create value for this counter?

Posted by UncleFollower > Sep 4, 2021 2:21 PM | Report Abuse

You're quite right. It's very hard to go below 2.5c because there are simply no sellers. However history can be a reference - you can cut off at the time Hap Seng entered via the rights issue - since then only in Mar 2020 crash there was available a short period below 2.5c. There simply isn't enough stock to push it below 2.5c.

Posted by MZM2511 > 2021-09-04 14:56 | Report Abuse

weirdvilante @MZM2511 on what page of the QR report we can see the NTA ?

-------------
For the EPS:

The 4QR 2021 EPS is 0.52 sen (individual quarter 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.

For the NTA:

The 4QR 2021 NTA is 11 sen

Please look at 4QR 2021 report. At CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION, page 2

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

Posted by SincereStock > 2021-09-04 14:57 | Report Abuse

@alenac

success stories

asiapac (waited for many years)
suria
choobee
mmccorp
cck
comcorp
mbmr
ptrans
pensoni
khind
harbour
kbunai
orna
pohkong
hevea
dayang
kfima

many more can't list all la, how success? all same no brainer strategy only

failure stories

topglov (regreted no follow nta rule)
supermax (regreted no follow nta rule)
mrcb
xox
nylex
cview
serbadk (after scandal try to catch bottom fail)
kimhin
ioipg
kub

current holdings

ptrans
mmccorp
uoadev
trc
suria
bornoil

overally make money more than lose money, you are lucky I am free to entertain you now

Posted by alenac > 2021-09-04 14:58 | Report Abuse

More of a share consolidation exercise for the future?

Posted by justin1njp > Sep 4, 2021 2:47 PM | Report Abuse

Macbank not yet finishes pp. Don't give high hope. That's all.
But it gives an opportunity for the public to collect at a low price.
Macbank has not yet become a substantial shareholder. All those shares are absorbed into treasury shares. Plus someone helps to 'keep' it 1st since treasury is already full of sbb.
Wait Macbank buyback n announced as substantial shareholder 1st. If not, the price is blocked. Can't move.
Go to see the monthly chart. not a daily one, u c the pattern? This counter is not suitable for contra.
This counter is already successfully controlled by 'someone'. This is the indicator for a share to move up. Perhaps, need to wait for big boss approval before it moves.

Posted by SincereStock > 2021-09-04 15:02 | Report Abuse

@alenac "This counter is not suitable for contra" totaly agree, but don't simply assume most investors are contra players only

Posted by alenac > 2021-09-04 15:21 | Report Abuse

Appreciate your strategy. You must be quite busy all the time I reckon until no time to entertain anyone? How then do you avoid the syndicate penny stocks scams about more than 30 listed in the Bursa? PP and later consolidate ( or rather pump and dump scams)


Posted by SincereStock > Sep 4, 2021 2:57 PM | Report Abuse

Overall make money more than lose money, you are lucky I am free to entertain you now.

Posted by SincereStock > 2021-09-04 15:33 | Report Abuse

@alenac I am free most of the time recently because of i am still MCO, but you are asking my stories so it will take more time for me to recall and I can simply don't entertain request like that.

"How then do you avoid the syndicate penny stocks scams about more than 30 listed in the Bursa?"

same strategy, company valuation then bottom fishing, there is only so much syndicate can do pushing down the price considering the company's intrinsic value

Posted by SincereStock > 2021-09-04 15:35 | Report Abuse

I don't touch this company when it is still expensive or uptrending

Posted by alenac > 2021-09-04 15:46 | Report Abuse

SincereStock, have you done a valuation on Focus dynamic? What is your verdict?

Posted by SincereStock > 2021-09-04 15:53 | Report Abuse

@alenac focus price above NTA, so definitely not cheap enough for my consideration, no need further details

Posted by FarmbesFlyer > 2021-09-04 16:33 | Report Abuse

Those who are in stock market long enough, should understand the theory of market manipulation. The price is fully controlled by sydnicate under the instruction of big boss. If you don't see this part, then you will lose money in stock market. To made money from a counter, the point of entry is very important. If you enter wrong price at wrong timing, then you get stuck for years.
To conclude my summary, current price of Bornoil is very low risk. Do not worry about share consolidation, it can be good for Bornoil. Look at PA resources, then you will understand. As long as Bornoil business (gold mining, cement plant operation and bio fraction business)can be materialized, it will fly like rocket to the moon one day.

Posted by SincereStock > 2021-09-04 16:35 | Report Abuse

@farmflyer well said

Posted by alenac > 2021-09-04 17:10 | Report Abuse

Avillion and Impiana?

SincereStock @alenac focus price above NTA, so definitely not cheap enough for my consideration, no need for further details
04/09/2021 3:53 PM

Posted by SincereStock > 2021-09-04 18:24 | Report Abuse

@alenac

AVI tourism sector skip first, damage been done, very hard to recover, this 1 lagi worst, consistently making loses even before covid. recent spike is fluke / fake recovery sentiment / manipulation. never bother to entertain that or consider entering this counter at current funamental prospect.

IMPIANA situation same as AVI but worse, above NTA and in mid way of uptrending already, now enter is just chase high for no reason

Posted by SincereStock > 2021-09-04 18:28 | Report Abuse

I think you misunderstood a bit, as a bottom fisher, I am not really nescesary a penny stock hunter, I am a cheap stock hunter. Penny stock is not equal to cheap, need to compare with it's intrinsic value first.

I said before here I think bornoil is the only good penny stock with fundamental and future prospect currently

Posted by UncleFollower > 2021-09-04 23:58 | Report Abuse

@farmflyer well said
@SincereStock well said

@alenac if wanna trade/ play contra Bornoil really is sleeping. Like someone else here said can buy cannot sell lol. If cannot afford to lock up a part of portfolio in this counter, stay away. No one knows how long. But with the fundamentals, a gold story, and the very very very long play by the operators, the odds are in favour of a huge rise to the moon

@SincereStock MMC I will be eternally thankful to SM lol. Got stuck even before the pandemic, averaged down and then boooooommmmmmm. Swapped to Edgenta to DRB (support SM lol).

Posted by SincereStock > 2021-09-05 07:25 | Report Abuse

@UncleFollower nice haha I still keep some MMC hopefully the privatization go through and get full payment of RM2, but depends the price movement in between will consider to check out more too to minimize risk

Posted by AbdulLeman_2021 > 2021-09-05 19:00 | Report Abuse

Come on, it's almost 8 billion share. Maximum will get to rm0.50.

Posted by SincereStock > 2021-09-06 08:52 | Report Abuse

@abdulLeman_2021 nothing to do with total number of share, it is just unit / tool for trade.

what matters is total capitalization of the company (vs intrinsic total value of the company), and whether market's money decided to come in or go out from this company

Posted by Investor787 > 2021-09-06 11:08 | Report Abuse

The pp recepient lefthand righthand dumping 0.03 to 0.035.quick fool,old trick