Posted by easymoney > 2014-11-28 17:11 | Report Abuse

Ophir 142 now.... the more it drop, the Sona deal becomes more valuable to cicak salam.... hahaha

Posted by king of stock (king shark) > 2014-11-28 17:17 | Report Abuse

Add more between 40-40.5sen ,son 17sen-17.5sen

Posted by king of stock (king shark) > 2014-11-28 17:18 | Report Abuse

And also buy bumi armada between 1.12-1.19

Posted by fauzan > 2014-11-28 17:18 | Report Abuse

This oil price drop affecting majority O&G companies that producing oil. The drop will take time to recover. May take 2 years or maybe more. The wise move is for SONA to drop the deal and to keep the cash. Later find another cheaper asset somewhere else.

Posted by king of stock (king shark) > 2014-11-28 17:21 | Report Abuse

I believe us oil will come back to 80

Posted by qieen > 2014-11-28 17:53 | Report Abuse

Ophir is 140.3 (-17.6); Sala is 77.75 (-9.25)

Sweat... god bless u two cicak companies...

Posted by meisarel > 2014-11-28 18:10 | Report Abuse

In conclusion, Sona (we all) are lucky. Ophir come and rescue us!

Imagine if the deal go through, Sona surely will be hit hard.

Timing couldn't be better for Sona (and other SPACS) to find
assets at cheap price.

Posted by kensen > 2014-11-28 18:17 | Report Abuse

Wahahahahahahahaa --- Personally, I don't like Cicak so not my preference. Hope Hadian will ask Salamander to lower the price. If not too bad, we got biten by 2 Cicaks but they do not realised that we are poisonous too.

Good luck for them

Posted by caven101 > 2014-11-28 19:46 | Report Abuse

Sona get or not get also will impact cause oil price drop so much currently. only could see sona recover after the oil issue is able manage control.

Posted by easymoney > 2014-11-28 20:13 | Report Abuse

Meisarel, Salam Thai asset is still a profitable one, if the deal go through, we could see the share up to at least 55 cents. If you recalled the HL research gave a TP=0.79 based on oil above 100 dollar so if based on current 70 dollar oil, still can get at least 0.55. Anyway, to me the current Sona price is pretty much already price in the deal is a gone case.... Well, let's wait for any news from Hadian meeting with cicak salam next week...

From HLB research:

Favourable tax regime… In Thailand, besides royalty fees (5-15%), there are petroleum income tax (~50%) and special remuneratory benefit (SRB, 0-75% correlate to annual revenue on cumulative depth of well drilled) to pay to government. Although the figures look high on the surface, SRB rate is charged after deduction of royalty fee, capex, opex and losses carried forward. In a nutshell, for every US$100/bbl, operator in Thailand on average shares US$45/bbl as compare to Malaysia of ~US$25/bbl, nett of all taxes.

Traded at <10x FY15 P/E and 31% significant discount to our fair value of RM0.79 per share…The acquisition is NPV accretive and we estimate the company to trade at attractive <10x FY15P/E.

Posted by easymoney > 2014-11-28 20:38 | Report Abuse

Pipimimi, not sure if you still holding on to your Sona share, any comment from you on current Sona development?

Posted by meisarel > 2014-11-28 20:42 | Report Abuse

Salam easymoney,

Indeed Bualuang will still be profitable, though profit margin
may somewhat reduced

Sona may not have to loan so much if re-negotiated based on current pricing. Or perhaps,With the same offer amount, could end up with higher ownership (49%?)

The thing I don't like with this Cicak (Salamander) is, they are not transparent and not keeping to their words. Not a good start from a new potential partner isn't it?

Posted by easymoney > 2014-11-28 20:56 | Report Abuse

Meisarel, on surface it does look like that... but behind the scene who knows what Sona and Salam been doing all this while....It could be Sona has been already negotiated with cicak salam when the oil drop back in Sept...??? that's why there was the rumour that Sona may abandon the deal.... currently if this doesn't workout with cicak... no issue also...hahaha

Posted by InvestorKL > 2014-11-28 22:51 | Report Abuse

let boom cicak ... and UAE,kuwait and qatar ... because of them oil price drop like hell.

Posted by Romjam > 2014-11-29 00:30 | Report Abuse

Waiting for 0"35

Posted by Christiano Jay > 2014-11-29 09:03 | Report Abuse

Reason OPEC do not intend to cut production: http://youtu.be/vAWHmWRTK7c

Posted by makemoneynow > 2014-11-29 11:36 | Report Abuse

I think all of you have to go and read the STAR BUSINESS today and understand the article by Petronas very carefully

Posted by kensen > 2014-11-29 12:46 | Report Abuse

Yes, but I think that if your intention is to service Msian market.

Posted by kensen > 2014-11-29 12:47 | Report Abuse

In case of Sona, they do not dependant on contract from Petronas

Posted by gozilla88 > 2014-11-29 16:01 | Report Abuse

sona only corporate with uncle lim in genting casino

Posted by dragonfruits > 2014-11-29 17:16 | Report Abuse

So sad

Posted by veryts > 2014-11-30 14:55 | Report Abuse

too bad sona failed to be the next hibicus... if wanna bet, dont place all your money in this stock.. wait for clear signal... better late than kena trap again and again

Posted by Jason0707 > 2014-11-30 16:58 | Report Abuse

so tmr down again due to overall oil price down? can i hold this stock for long term? I am stuck at high price. some advice please?

Posted by smartrader > 2014-11-30 18:02 | Report Abuse

Worthwhile holding due to cash back guarantee esp in this uncertain market

Posted by uiepoo > 2014-11-30 18:09 | Report Abuse

got some oil feild seller presenting their oil field to sona this weekend. sona soon will annoucing another QA.

Posted by michael_lee > 2014-11-30 18:23 | Report Abuse

@uiepoo hi where did you get that info?

Posted by uiepoo > 2014-11-30 18:27 | Report Abuse

i got friend working in pavillion energy singapore. vy closed link to ophir energy.

Posted by michael_lee > 2014-11-30 18:34 | Report Abuse

Thanks for the info! Lets hope for the best.

Posted by lt54 > 2014-11-30 20:47 | Report Abuse

Jason07 i too stuck high price....try to average down

Posted by sheep > 2014-11-30 21:54 | Report Abuse

sell warrant, buy mother sure win...

Posted by RIDMNMG > 2014-11-30 23:07 | Report Abuse

Sorry disturb i new here..

Posted by RIDMNMG > 2014-11-30 23:09 | Report Abuse

Just to inquiry i check my share at hand why my sona and sona warrant value 0...can some body here explaine for me

Posted by RIDMNMG > 2014-11-30 23:22 | Report Abuse

Somebody please assist me

Posted by RIDMNMG > 2014-11-30 23:24 | Report Abuse

Please check ur share at hand ..same with me or not

Posted by yamatotrading > 2014-12-01 00:00 | Report Abuse

there are times where the investment bank system maintenance during weekend.
I bet it will be as normal by trading starts tomolo/

Posted by RIDMNMG > 2014-12-01 00:06 | Report Abuse

Yomatotrading...tq to you...until now i cant sleep adoiii lot csh if 100%LOST

Posted by RIDMNMG > 2014-12-01 00:37 | Report Abuse

Cnfirm sona x lh masuk...i nk q sel pun dah xdak....

Posted by gopiwira > 2014-12-01 06:59 | Report Abuse

Wait till end of this year.

Posted by RIDMNMG > 2014-12-01 07:44 | Report Abuse

Morning...stil same like last night cant see sona...n still shre at hand lost 100%....

Posted by Abudance > 2014-12-01 07:55 | Report Abuse

Crude oil dropped ... Hope Sona management learnt their lesson to quickly comply to SC requirements and learn from this expensive mistake!

Posted by gopiwira > 2014-12-01 08:21 | Report Abuse

Where r u from Ridmng

Posted by pipimamaluu > 2014-12-01 08:21 | Report Abuse

Wow now brokerage problems also report here... I wonder y u r paying those additional fees for.. Who else got other problems?... Anyone punya husband too stressed and obssessed with sona until neglecting their wifes.. Pls report here also... We got ppl to help solve those issues too..

Posted by RIDMNMG > 2014-12-01 08:51 | Report Abuse

Sorry all frens here...im still new...my fren said if i hv any inquiry i can ask here cov here lot of otai2 ..sorry again...im still learning.....tq alls..

Posted by michael_lee > 2014-12-01 09:23 | Report Abuse

Omg the son. Down like hell

Posted by Iching88 > 2014-12-01 09:28 | Report Abuse

let the dusts settle....big opportunity to win big this round.

wah ka ka ka ka..

Posted by Jun Clj > 2014-12-01 09:29 | Report Abuse

Sona warrant. Half of my money already gone.

Posted by khoo > 2014-12-01 09:34 | Report Abuse

Jun Clj, no worry it will back.

Posted by dragonfruits > 2014-12-01 09:55 | Report Abuse

Jangan lawan dengan sharky.betul betul lihai

Posted by rasalghul > 2014-12-01 10:12 | Report Abuse

wtf sona wa damn pain losing 50% -_-

Posted by CLIQmanagement > 2014-12-01 10:13 | Report Abuse

same here. 0.28 is my cost.