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

speakup

27,014 posts

Posted by speakup > 2015-06-19 16:10 | Report Abuse

i stopped playing this counter already after 3X or 4X in & out.

jacklintan

1,722 posts

Posted by jacklintan > 2015-06-22 05:08 | Report Abuse

May I know, if SONA fail to acquire companies, does it mean it will get delisted after July 30th 2016? Also, what price will SONA be after delisted?

jacklintan

1,722 posts

Posted by jacklintan > 2015-06-22 05:13 | Report Abuse

http://www.bbc.com/news/business-31811787 This ex Prudential CEO will be leading Credit Suisse after June 2015. Before that, acquisition was done by previous CEO B. Dougan.

Posted by cliqmanagementteam > 2015-06-22 09:48 | Report Abuse

remember the director who just taking the director fees without doing anything

Posted by michael_lee > 2015-06-22 10:35 | Report Abuse

Market mostly up but sona still down. Hadian that shows how shitty you are. Till now still no clue on qa

nice1

819 posts

Posted by nice1 > 2015-06-22 11:13 | Report Abuse

Invitation from Tok Hadi to all shareholders to attend AGM, lunch provided too

Agm is 24 June 2015.Meeting at 11am. At mahkota ballroom, istana hotel. Jln raja Chulan

jacklintan

1,722 posts

Posted by jacklintan > 2015-06-22 12:03 | Report Abuse

If the management can't acquire any companies, they are not entitle to direct fee as well.

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-22 12:21 | Report Abuse

Pukima sona wa

nice1

819 posts

Posted by nice1 > 2015-06-22 12:30 | Report Abuse

YC Ma & Michael lee, u guys coming for AGM
Tok Hadi already prepared a VVIP table for u

jacklintan

1,722 posts

Posted by jacklintan > 2015-06-22 15:10 | Report Abuse

@nice1: What do I need to get if I wanna go for AGM ?

nice1

819 posts

Posted by nice1 > 2015-06-22 15:59 | Report Abuse

Jacklintan - u need to have sona mother share registered in your name on 17/6 or if you have no shares then submit your friend proxy form before 11 am this morning to their registred secretary office.

once u have done either one of the above, bring yourself and IC to the event

Lunch provided but transport is on yr own


jacklintan @nice1: What do I need to get if I wanna go for AGM ?

22/06/2015 15:10

alibabacoming

3,466 posts

Posted by alibabacoming > 2015-06-22 16:00 | Report Abuse

bring EGGs go ok

DavidSiaw

300 posts

Posted by DavidSiaw > 2015-06-22 16:00 | Report Abuse

Sona Wa's sell queue at 7 cents...waiting T1T4N to eat

Posted by michael_lee > 2015-06-22 16:07 | Report Abuse

I'm bringing rotten eggs for those useless directors

DavidSiaw

300 posts

Posted by DavidSiaw > 2015-06-22 16:15 | Report Abuse

AGM has been postponed due to security issues!

nice1

819 posts

Posted by nice1 > 2015-06-22 16:22 | Report Abuse

David, u coming for AGM?

DavidSiaw

300 posts

Posted by DavidSiaw > 2015-06-22 16:26 | Report Abuse

I wish I could. Sona drop until I cannot afford an air ticket. Hope there is postal voting.

DavidSiaw

300 posts

Posted by DavidSiaw > 2015-06-22 16:26 | Report Abuse

Would be great if you can give us live updates at the AGM...

nice1

819 posts

Posted by nice1 > 2015-06-22 16:44 | Report Abuse

sometimes, good to attend AGM to get first-hand info and comfort too

too stressed out also wont help, nasi sudah jadi bubur liao

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-22 16:46 | Report Abuse

Tipu Pukima counter ....

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-22 16:46 | Report Abuse

Cut lose fxxk

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-22 16:56 | Report Abuse

A lot of cunter rise. Why always sona wa dropping fxxk

Posted by michael_lee > 2015-06-22 17:07 | Report Abuse

Told u hadian is useless. Don't see the point of rewarding them directors fees

jacklintan

1,722 posts

Posted by jacklintan > 2015-06-22 17:23 | Report Abuse

@nice1: thank you. see u.

Posted by Mr. Jupiter > 2015-06-23 09:48 | Report Abuse

Buy!

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-23 09:51 | Report Abuse

Don't ask to buy ... Tipu counter fxxk

nice1

819 posts

Posted by nice1 > 2015-06-23 11:55 | Report Abuse

Reminder to all shareholders:-

Invitation from Tok Hadi to all shareholders to attend AGM, lunch provided too

Agm is 24 June 2015 (tomorrow).Meeting at 11am. At mahkota ballroom, istana hotel. Jln raja Chulan

IVAN2222

2,094 posts

Posted by IVAN2222 > 2015-06-23 12:24 | Report Abuse

see u there...AGM....hopefully good news announced soon

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-23 13:10 | Report Abuse

Cut Liao not going

alibabacoming

3,466 posts

Posted by alibabacoming > 2015-06-23 13:37 | Report Abuse

Reject director fees

Posted by rasalghul > 2015-06-23 13:55 | Report Abuse

whoever is free come visit tok hadis. its time to grill the management for their incompetencies

jetchew

34 posts

Posted by jetchew > 2015-06-23 16:53 | Report Abuse

reject reject reject, , they doing rubbish work..!!!

alibabacoming

3,466 posts

Posted by alibabacoming > 2015-06-23 17:44 | Report Abuse

not acceptable and incompetent mangement

kensen

396 posts

Posted by kensen > 2015-06-23 20:11 | Report Abuse

First - conversion of proposed remuneration directors to Sona-Wa. And this will hold by trust and can only be transacted upon successful QA;
2nd - If not possible, defer the payment of remuneration to the next AGM subject to success of getting a QA
3rd - Ask them how confidence of them to get QA and recorded it with your smart phone.

kensen

396 posts

Posted by kensen > 2015-06-23 20:18 | Report Abuse

And they are spending approx. RM25 mill (FY 2013 and 2014) to find QA but to no avail. Ask them to breakdown the cost and justify every component.

kensen

396 posts

Posted by kensen > 2015-06-23 20:20 | Report Abuse

In addition, try to get as much info on potential QA from them. Ask them to list down potential acquisition pipelines. If they insisted, tell them "are u doing your job, if yes why you cannot list down all the potential QA to us"

kensen

396 posts

Posted by kensen > 2015-06-23 20:21 | Report Abuse

Make it a 6 hours meeting and create a havoc like FGV. This will create free publicities & make these people work harder

Posted by michael_lee > 2015-06-23 20:23 | Report Abuse

And ask them to justify why did they increase their salary by 100% when they're not performing.

jacklintan

1,722 posts

Posted by jacklintan > 2015-06-24 03:32 | Report Abuse

@micheal lee: I heard ya. The management got to be genuine in their effort. If they still give us excuses and postponing again, it could be better to hold cash n sell SONA

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-24 08:51 | Report Abuse

Waiting avenge

Posted by michael_lee > 2015-06-24 09:16 | Report Abuse

wa drop somemore on agm day. i cant wait to grill you hadian later. you incompetent shit

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-24 09:37 | Report Abuse

Michael got good news inform mi hahahaha

kensen

396 posts

Posted by kensen > 2015-06-24 09:46 | Report Abuse

GUYS ... MAKE IT A BIG HAVOC AT THE MEETING BUT ASK WISE QUESTION.
LET MAKE A 6 HOURS MEETING AND HEADLINE IN THE NEWSPAPER TOMORROW

kensen

396 posts

Posted by kensen > 2015-06-24 09:50 | Report Abuse

GRILL THEM ONCE AND FOR ALL... RM25 MILLION SPENT FOR 2013 and 2014 but no results

prc4wifefe

3,564 posts

Posted by prc4wifefe > 2015-06-24 10:10 | Report Abuse

u trying to create bad sentiment and buy low??? kekekekeke

kensen

396 posts

Posted by kensen > 2015-06-24 11:09 | Report Abuse

Grilled them guys .... the last year to grill them. Get some indication of timeline

nabahan

32 posts

Posted by nabahan > 2015-06-24 11:19 | Report Abuse

kinda active though

YC_Ma

907 posts

Posted by YC_Ma > 2015-06-24 11:59 | Report Abuse

How about the meeting

alibabacoming

3,466 posts

Posted by alibabacoming > 2015-06-24 14:32 | Report Abuse

KUALA LUMPUR (June 24): Special purpose acquisition company (SPAC) Sona Petroleum Bhd said it is still confident of meeting its July 30, 2016 deadline to make a qualifying acquisition (QA), following its failed move to acquire Salamander Energy (Bualuang Holdings) Ltd.

Despite the July 2016 deadline giving slightly more than a year for the SPAC to make its QA, Sona (fundamental: N/A; valuation: N/A) chairman Andre van Strijp said the company still has enough time to properly evaluate its options.

“It’s not necessary to make the QA now, because we still have time to analyse and check the best QA. We are aware of the time needed to obtain the approvals, we have experience in that. We still have sufficient time. It’s a compromise between making the QA now and optimising our choice,” he said.

Sona managing director Datuk Seri Hadian Hashim said the company was still focusing on the Southeast Asian, Middle Eastern and African regions, aiming to acquire low risk small-to-medium exploration and production (E&P) assets.

“There are shortlisted candidates, with varying degrees of maturity. Due diligence works are being carried out. We are confident that we would be able to do the QA within the timeframe specified,” he said, addressing a press conference following the company’s annual general meeting today.

He added that Sona is looking at onshore and shallow water projects, and is not looking at acquisitions outside of the specified regions.

At 12.30pm, Sona was unchanged at 42 sen, with a market capitalisation of RM592.5 million.

IVAN2222

2,094 posts

Posted by IVAN2222 > 2015-06-24 14:45 | Report Abuse

will it goes up the price...since good news coming/??

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