SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

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Last Price

0.475

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


37 people like this.

21,560 comment(s). Last comment by beatme 2018-04-30 11:12

jasonor

1,004 posts

Posted by jasonor > 2014-11-26 00:43 | Report Abuse

when sona wanna buy the oilfield u all complaints, say expensive... use alot money etc... throw its share ; now the deal is almost certainly off, u all complaint alos... inin apa kuali-lah? lol..... should be happy ma, can buy cheaper company/oilfield when oil price is low... company also retain their cash for better deal with another company. u see govern also fast2 to opportunity to remove subsidies when oil low..

pisangkuat

1,060 posts

Posted by pisangkuat > 2014-11-26 05:51 | Report Abuse

Of all oil company...why hv to buy sona? Nw many oil and gad ctr limit dwn due to current oil price...why not park the money in those company rather than put in sona and wait ....furthermore without any dividen...so called smart investor....apa ini?

rlch

4,142 posts

Posted by rlch > 2014-11-26 05:55 | Report Abuse

Since listing all Sona has shown is zero revenue. Even no revenue Sona still need to pay salary. Since Salamander deal likely a failure expect zero revenue in 2014 as well. Cash balance divide by outstanding shares is how much?

rlch

4,142 posts

Posted by rlch > 2014-11-26 07:27 | Report Abuse

If Hadian is still confident in Sona he should buy first not retail investor who have over 1000 counters to choose.

easymoney

626 posts

Posted by easymoney > 2014-11-26 07:40 | Report Abuse

pisangkuat the smart investor, want to tell us which o&g ctr you park your money that you are so confident it share won't go down?

easymoney

626 posts

Posted by easymoney > 2014-11-26 07:41 | Report Abuse

rlch, u know what is SPAC or not? keep talking about revenue....hahaha

meisarel

653 posts

Posted by meisarel > 2014-11-26 07:43 | Report Abuse

http://www.nst.com.my/node/56438

“We will meet up with Salamander next week to discuss the options,” Sona managing director Datuk Seri Hadian Hashim told Business Times yesterday.

“This is a developing situation and we are looking at all possibilities, including conciliatory measures, such as working with Ophir.”

bracoli

2,579 posts

Posted by bracoli > 2014-11-26 07:46 | Report Abuse

skpetro stalwart also go down lor... pisang kuat jadi lembik da..

easymoney

626 posts

Posted by easymoney > 2014-11-26 07:58 | Report Abuse

This is what I like....

He, however, said if the deal were to fall through, Sona had other candidates to consider.

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-26 08:10 | Report Abuse

why those claim sona bad counter still keep cumming back here...
wakakaka

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-26 08:10 | Report Abuse

the dip yesterday was the best chance to buy low...forget about another dip unless this deal fell thru

qieen

268 posts

Posted by qieen > 2014-11-26 08:13 | Report Abuse

It's not the end of the world. They should hav plan B plan C. Do u think they will wait to dead meh. See, he even mention about the possibility of working together with ophir. Will see the progress of the story.

Posted by King DavidSiaw > 2014-11-26 08:15 | Report Abuse

Hadian on BFM

Posted by CLIQmanagement > 2014-11-26 08:17 | Report Abuse

lets listen what Hadian says now @BFM

qwertyuiop

590 posts

Posted by qwertyuiop > 2014-11-26 08:19 | Report Abuse

Mentioning that the current international oil price may benefit them as the value of assets will be cheaper.

qieen

268 posts

Posted by qieen > 2014-11-26 08:22 | Report Abuse

We support our option, some said we could become murderer, induce ppl to buy, what a stupid accusation. This forum is getting more and more crazy. Now some jump out acting like sifu lecturing us, see told u to run.. run.. run...

If u want to give positive or negative views on any counter, welcome to do so, but Don teach ppl what to do, we r adult and we know what is best for us. Buying other oil counters? Can u guarantee 100% profit making? Suddenly jump out ppl registering with new I'd to leave comment.. what a world, like watching drama

Clj Jun

1,094 posts

Posted by Clj Jun > 2014-11-26 08:22 | Report Abuse

I think sona still have another alternative (Indonesia), even the Bualang QA was failed.

gopiwira

159 posts

Posted by gopiwira > 2014-11-26 08:27 | Report Abuse

Just a matter of time Sona will strike gold.

qieen

268 posts

Posted by qieen > 2014-11-26 08:28 | Report Abuse

Not that we avoid this forum, but we avoid ppl like u guys. We r not going away, just try not to layan ur msg. When price drop, all pop up like mushroom, when price up all disappear.

Posted by king of stock (king shark) > 2014-11-26 08:29 | Report Abuse

Rebound day

qieen

268 posts

Posted by qieen > 2014-11-26 08:37 | Report Abuse

It might end up with a win win situation, then those who keep stepping down on sona will be accuse of causing some victims losing great fortune by selling off at super cheap price.

Posted by Simonalibaba > 2014-11-26 08:37 | Report Abuse

The fault is in our system! The SC take long time to approve this deal! You really think SC capable or having the knowledges to approve this deal? They should leave it to the IB and management. Sc job is to ensure compliance! Should SC approval comes a month earlier, all matter is resolved.

Posted by CLIQmanagement > 2014-11-26 08:38 | Report Abuse

without the pop up mushroom, we have no fun...
stay cool guys. I added 50k shares @ 0.400. Hope for another dip.

Posted by CLIQmanagement > 2014-11-26 08:40 | Report Abuse

For those losing hope, you might want to relook into Cliq. Credit Suisse has been buying steadily and another director is adding is also. Safe entry as is in cash value now.

cskek81

238 posts

Posted by cskek81 > 2014-11-26 09:07 | Report Abuse

King is stock, today what price to eat again?

Posted by workworkwork > 2014-11-26 09:14 | Report Abuse

keep some to support Sona management's fighting spirit!

nuraisyah

69 posts

Posted by nuraisyah > 2014-11-26 09:32 | Report Abuse

our system are too pooooor...

Posted by HongPohSeng > 2014-11-26 09:34 | Report Abuse

afternoon , price will drop by 8%

alex2012

612 posts

Posted by alex2012 > 2014-11-26 09:38 | Report Abuse

hopeless...

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2014-11-26 09:40 | Report Abuse

any update on what Hadian said in BFM?

Posted by JamesRogerrs > 2014-11-26 09:47 | Report Abuse

Reset deal strategy:

Step 1 - continue to go through the deal process, as neither sona nor salamander want to misstep by stupidly giving a right to the other party to sue for breach of contract - sona has upper hand because msian cost is 5x cheaper than in uk.

Concurrent with step 1, work with another oil n gas partner ( REACH ? ), to the possibility of cash buy out of the entire 100% Thai oil field - costing around rm 1.3 to 1.5 bil. At the very least, can jam the Orphir deal - after all both salamander n Orphir have already openly play "dirty".

Let see if the above can come out to light, as the Thai oil fields are just stone throw from kelantan. That gives a huge upper hand to msians than to them.

dofazdu8

241 posts

Posted by dofazdu8 > 2014-11-26 09:51 | Report Abuse

Just another corporate greenmail

Harvard57

495 posts

Posted by Harvard57 > 2014-11-26 09:57 | Report Abuse

remind n remind 1000 times also dont listen !! now nobody can help you !!!

cskek81

238 posts

Posted by cskek81 > 2014-11-26 10:00 | Report Abuse

King of stock, no rebound :(

Posted by obamabarack > 2014-11-26 10:06 | Report Abuse

King of rubbish !

xbotzz

141 posts

Posted by xbotzz > 2014-11-26 10:08 | Report Abuse

Well spoken by hadian.. Very technical guy.. Normally the MD will be a pr person but he talks numbers.. They are aware of all issues we rant about here.. They got offers for new assets.. They are moving with salamander but does not sound that optimistic.. He thinks next update within a month for next move.. He says sc is expected to process and 3month..

Salvatore dali also talked about sona on bfm just now.. In summary.. Agrees management teams are very strong.. He thinks deal with salamander does not sound good.. Sona price shud be higher but getting slammed due to oil price.. It can be a good thing as now sona can find assets with a better deal..

mahorse

381 posts

Posted by mahorse > 2014-11-26 10:12 | Report Abuse

Better to evaluate decision to buy or not on the basis that the deal is off.

qieen

268 posts

Posted by qieen > 2014-11-26 10:25 | Report Abuse

They are cash rich, Oil field companies that are up for sales will come to offer them...

I will leave it and go ahead to prepare for my Christmas trip. Still believe it will rebound.

gopiwira

159 posts

Posted by gopiwira > 2014-11-26 11:04 | Report Abuse

Salamander Ophir deal make Sona famous. Oil field for sale know Sona got cash. Give Sona a few weeks to choose the best one. He he he

qieen

268 posts

Posted by qieen > 2014-11-26 11:21 | Report Abuse

I managed to grab some at .405 yesterday and finally average down to .47-.475 (from .5++)... Now Im q-ing for .405 again... Im not trying to induce you guys to buy but there is always options and choices.

Some might still keeping it till its going up again or till end of the timeline, some are frighten and threw at losses... Do respect others' decision and don't criticize others judgment.

6182al

310 posts

Posted by 6182al > 2014-11-26 11:35 | Report Abuse

It is not SONA that do not wants to make a DECISION but it is the could not care less top people of Malaysia still waiting for ......... a person higher to decide.........%.

kensen

396 posts

Posted by kensen > 2014-11-26 11:35 | Report Abuse

Yes, smart move Qieen. I also managed to did that yesterday.
To me if Cliq IPO price at RM0.63 and now they are still at RM0.63, Sona should deserve a better valuation i.e. min RM0.50 as they have better management team. So far they never disappointed by giving PR type of expectations. Anyway, we are supported by RM0.45 cash min.

Me also seldom write in as I found out so much vicious rumours by those EX-investors who have grudges towards this counter. Those beginners probably just sold off their holdings at big losses.

e1shi

212 posts

Posted by e1shi > 2014-11-26 11:39 | Report Abuse

be greedy when others are fearful.. it is easier to say than done.. hahahaha.

e1shi

212 posts

Posted by e1shi > 2014-11-26 11:43 | Report Abuse

KOS, please push the price.. We are supporting at RM0.38-RM0.40.. if we are lucky enough we will get it..

kensen

396 posts

Posted by kensen > 2014-11-26 11:46 | Report Abuse

Sometimes, like all of us raise of the view as we think that the Company is good. Some may think this is speculation as this is a SPAC. But we have our basis to justify on view as we have evaluate on the financial and business of Salamander before giving this view. In this case, is just slight out of luck as for Ophir's. Who know that the Board of directors of Salamander will accept such as stupid valuation (Currently only 94 pence)

So for those critics, please respect people's decision and view.

qieen

268 posts

Posted by qieen > 2014-11-26 11:46 | Report Abuse

elshi, we are not greedy but we are finding a best solution that could ease what we are facing now. I will stand firm and stronger than ever when others are laughing and stepping on me during bad time and look for solution to turn it from bad to good. Somehow, my faith in this counter remains positive like before, so bet on it.

kensen

396 posts

Posted by kensen > 2014-11-26 11:51 | Report Abuse

And you know what is worst news of all the counters in Bursa.

ill intention by certain people. Remember, TH Heavy and Muhibbah were victimised vicious SMS. Those shareholders in the companies are probably cursing those ill intention people. As such, as a reminder and investors, we need to know who are knowledgeable, experience and who are just bull-shitting around

kensen

396 posts

Posted by kensen > 2014-11-26 11:55 | Report Abuse

and also MAS

e1shi

212 posts

Posted by e1shi > 2014-11-26 13:01 | Report Abuse

MAS is definately the BEST.. lucky i didnot have internet access to sell.. Hahaha

kensen

396 posts

Posted by kensen > 2014-11-26 13:40 | Report Abuse

Yes, I almost want to buy..
Meaning that if i managed to do so ...30% in 15 min

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