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

riaz

160 posts

Posted by riaz > 2016-02-16 09:34 | Report Abuse

This counter sure make money...the only question is how much ?

Tympangoh

167 posts

Posted by Tympangoh > 2016-02-16 10:02 | Report Abuse

Good time to buy is it?

Old90

686 posts

Posted by Old90 > 2016-02-16 11:21 | Report Abuse

Slow and steady for both Sona, and Sona Wa.

riaz

160 posts

Posted by riaz > 2016-02-16 11:31 | Report Abuse

Ealry bird cathces the worm

Ant

1,504 posts

Posted by Ant > 2016-02-16 12:23 | Report Abuse

seem like still under negotiation.

jack2

1,359 posts

Posted by jack2 > 2016-02-16 17:42 | Report Abuse

mama, up 1/2 ct
son, up 1 ct
sikit sikit jadi bukit

speakup

27,014 posts

Posted by speakup > 2016-02-16 17:47 | Report Abuse

careful warrants will be worthless only Credit Suisse reject the QA

jack2

1,359 posts

Posted by jack2 > 2016-02-16 17:52 | Report Abuse

oil price surging 34/35

Ant

1,504 posts

Posted by Ant > 2016-02-16 17:55 | Report Abuse

yah... have to see how much the mother can reach... if break 0.50 then is different story liou.

jack2

1,359 posts

Posted by jack2 > 2016-02-16 19:48 | Report Abuse

mama up 2 consecutive days
good momentum

coolinvestor

1,249 posts

Posted by coolinvestor > 2016-02-16 20:42 | Report Abuse

Credit suisse n pacific bought sona mothershares around 44 44.5 sen. Sona has been hovering around 44sen for god knows how long.

They collectively hold about 20% of sona shares.

Here comes the logical question. Would they vote against the QA just to earn 2 - 3sens ? Furthermore our rm has depreciated against foreign currency by so much. Wouldnt they want to earn at least 20% 30% 40% 50%?

Rm/usd since last year from 3.8 to about 4.2 now...our rm depreciated by around 10%

Unless they have lots of so called fake experts (like in this website) who only talk big n not put the cash where their mouth is as their analysts n advisers...i am prettty sure they will vote in favour of the QA.

Btw this is not a buy call or sell call. trade on your own risk thx.
Disclosure : i have shares n warrants n sona cheers

jack2

1,359 posts

Posted by jack2 > 2016-02-17 08:16 | Report Abuse

true, I would sack the fund managers that invest my fund for 2-3 cts gain and lost much more on foreign exchange

kaki_sailang

1,225 posts

Posted by kaki_sailang > 2016-02-17 08:19 | Report Abuse

No hope for oil counter... better run fast

Abudance

2,211 posts

Posted by Abudance > 2016-02-17 16:07 | Report Abuse

Time is so short to go through bursa. Last chance of submission was dec 2015

Posted by CLIQmanagement > 2016-02-17 18:31 | Report Abuse

see you guys next month in the EGM ! i guess i will vote YES !

jack2

1,359 posts

Posted by jack2 > 2016-02-17 19:27 | Report Abuse

really hope Hadi can bring down the purchase by couple couple usd M soon, this is a super good deal in medium term to long term and convince shareholders to vote favourably

riaz

160 posts

Posted by riaz > 2016-02-17 21:04 | Report Abuse

Me too...i will vote YES

Posted by CLIQmanagement > 2016-02-17 21:13 | Report Abuse

those have a lot of warrant will start buy mother. come and vote yes.
or else they die/

jack2

1,359 posts

Posted by jack2 > 2016-02-18 07:50 | Report Abuse

oil price doing good usd34.60

jack2

1,359 posts

Posted by jack2 > 2016-02-18 08:12 | Report Abuse

my wish list

1. reduce purchase price to around usdX0M & below...

2. bring down production cost below usd20 pb

3. recovery of oil price to usd45++...

believe me this will the darling stock once oil price recover 2nd half and next year

Posted by CLIQmanagement > 2016-02-18 11:08 | Report Abuse

added another 100k shares @ 0.460. finger crossed.
Anything wrong i will vote against it.

callme777

1,586 posts

Posted by callme777 > 2016-02-18 11:30 | Report Abuse

Something's wrong. Look at the warrants

YC_Ma

907 posts

Posted by YC_Ma > 2016-02-18 12:53 | Report Abuse

Run no hope

Posted by CLIQmanagement > 2016-02-18 13:32 | Report Abuse

ok. Vote against it then.

jack2

1,359 posts

Posted by jack2 > 2016-02-18 21:41 | Report Abuse

oil price surging usd35.26

jack2

1,359 posts

Posted by jack2 > 2016-02-18 21:42 | Report Abuse

my wish list

1. reduce purchase price to around usdX0M & below...

2. bring down production cost below usd20 pb

3. recovery of oil price to usd45++... now oil price usd 35.26, another usd9.75 hehe

believe me this will the darling stock once oil price recover 2nd half and next year

18/02/2016 08:12

jack2

1,359 posts

Posted by jack2 > 2016-02-19 16:44 | Report Abuse

itu anak, satu hari macam nak mati mati
hari ini hidup balik

itu kaki goring buat anak anak semua pening pening

Posted by CLIQmanagement > 2016-02-19 17:22 | Report Abuse

today 0.460 got lots of people cumulating

jack2

1,359 posts

Posted by jack2 > 2016-02-19 17:37 | Report Abuse

so the market is expecting another good news?
probably from the price negotiation to lower from usd50M to ??
hopefully a big surprise coming soon

jack2

1,359 posts

Posted by jack2 > 2016-02-19 17:40 | Report Abuse

my wish list

1. reduce purchase price to around usd35 & below...

2. bring down production cost below usd20 pb

3. recovery of oil price to usd45++... now oil price usd 35.26, another usd9.75 hehe

believe me this will be the darling stock once oil price recover in 2nd half and next year

Ant

1,504 posts

Posted by Ant > 2016-02-19 17:53 | Report Abuse

who is selling?

jack2

1,359 posts

Posted by jack2 > 2016-02-19 21:48 | Report Abuse

credit suisse sold 3.5M but got new buyers if not Pacific
good signs

jack2

1,359 posts

Posted by jack2 > 2016-02-19 21:56 | Report Abuse

my wish list

1. reduce purchase price to around usd35 & below...

2. bring down production cost below usd20 pb

3. recovery of oil price to usd45++... now oil price usd 35.26, another usd9.75 hehe

believe me this will be the darling stock once oil price recover in 2nd half and next year. only those nutties will think oil will remain low forever...

all the critics will eat their words.. it will be the darling stock..soon

Ant

1,504 posts

Posted by Ant > 2016-02-19 23:35 | Report Abuse

why credit suisse sold 3.5M after the announced and why good sign if buyer not pacific.

jack2

1,359 posts

Posted by jack2 > 2016-02-20 08:39 | Report Abuse

more buyers, more interests and upside
soon more fund managers will scramble for a stake plus EPF the big brother
Funds will sell SKP and switch to Sona

all the critics will have to eat their words, they are just naive and lack of market knowledge - cant blame them- Warren Buffet said be greedy when everyone is purging

nothing in this world will remain good forever, neither is bad times. Looks at BAT cigaratte counter - after many years of sunshine, now facing thunderstorm

once most of my wish list is achieved, this will be the darling stock of 2016, believe me

Posted by Kareemabduljabbar > 2016-02-20 10:30 | Report Abuse

Most funds will require many weeks some even months for approvals to invest in any asset, more so one with no cashflows and no operating history. They will have to study all the valuation reports and independent consultant reports etc etc which is voluminous. I doubt any of the major funds will be able to turn this around in 3-4 weeks, which is the suggested time frame between agreeing a revised price with the vendor and proposed egm date. Let us not talk about the future. We cross the egm first. Still not clear how the promoters will ensure a successful egm when there are many sellers out there and also stale bulls holding from 60 cts plus. Insha Allah the promoters will be successful and get rich. Any opinion is welcome.

jack2

1,359 posts

Posted by jack2 > 2016-02-20 17:04 | Report Abuse

my wish list

1. reduce purchase price to around usd35M & below... now is nego process, result...

2. bring down production cost below usd20 pb

3. recovery of oil price to usd45++... now oil price usd 35.26, another usd9.75 hehe

believe me this will be the darling stock once oil price recover in 2nd half and next year. only those nutties will think oil will remain low forever.. oil price around usd45 to usd50 pb is good enough, above usd50 is a bonus

if 3/4 of the above is achieved, EGM hurdle is not a problem

my crystall ball said all fine and Hadi is a new billionaire within 3 yrs...

YC_Ma

907 posts

Posted by YC_Ma > 2016-02-21 15:52 | Report Abuse

Becafull

jack2

1,359 posts

Posted by jack2 > 2016-02-22 14:27 | Report Abuse

After correctly predicting this year’s slump in Malaysia’s technology shares, Danny Wong Teck Meng is loading up on beaten-down energy stocks. The chief executive officer of Areca Capital Sdn Bhd has been buying oil and gas companies in the past two months, betting that energy prices will rebound and valuations are pricing in too much pessimism. “Oil and gas is one of my biggest bets now," said Wong, who declined to name specific companies and whose Areca EquityTrust Fund has beaten 98% of peers over the past three years with a 14% return. “Oil is more or less feeling the bottom. I can see daylight soon." - See more at: http://www.themalaysianinsider.com/business/article/malaysias-most-battered-stocks-become-bargains-for-top-fund#sthash.A6OfZ0Nh.dpuf

YC_Ma

907 posts

Posted by YC_Ma > 2016-02-22 21:46 | Report Abuse

No hope Run

Posted by CLIQmanagement > 2016-02-23 10:21 | Report Abuse

oil price inching up. Lets hope for successful QA !

jack2

1,359 posts

Posted by jack2 > 2016-02-23 10:39 | Report Abuse

my wish list

1. reduce purchase price to around usd35M & below... now is nego process, result...

2. bring down production cost below usd20 pb ...work-in-progress - good time to reduce operating cost, result is lower production cost....

3. recovery of oil price to usd40++... now oil price is recovering usd34.60.. still have good upside


believe me this will be the darling stock once oil price recover in 2nd half and next year.

only those nutties will think oil price will remain low forever.. oil price around usd34 pb - Sona is making gross profit of 30%

if oil price usd40 pb which is already good for Sona - gross margin is 53% (you can expect the share price to double)

any oil price above usd50 pb is a bonus (then the price will triple)

if 3/4 of the my wish list above is achieved, EGM hurdle is not a problem

my crystall ball said all is fine and Hadi is a new billionaire within 3 yrs... all shareholders are happy too...

Posted by derrickinvestor1 > 2016-02-23 19:25 | Report Abuse

it will be the same la... spac counter....

jack2

1,359 posts

Posted by jack2 > 2016-02-23 19:51 | Report Abuse

credit suisse purchased 4.0 M shares

that means what? surely they know what you dont....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5005969

Posted by CLIQmanagement > 2016-02-23 20:59 | Report Abuse

anyone adding on Sona mother shares ?

Ant

1,504 posts

Posted by Ant > 2016-02-23 22:20 | Report Abuse

must break 0.49 at least... if not still dengenous...

YC_Ma

907 posts

Posted by YC_Ma > 2016-02-24 11:09 | Report Abuse

Some thing wrong with this sona

YC_Ma

907 posts

Posted by YC_Ma > 2016-02-24 11:11 | Report Abuse

Like the big boss want to run aways

Abudance

2,211 posts

Posted by Abudance > 2016-02-24 12:30 | Report Abuse

If Sona don't follow sc requirement to use 80% to buy QA. As they use 40% Only ... How to get approval?
One indicator if close to successful project is that warrant will start to run up .. At the moment it's not moving up .. When it move like crazy and management buy more .. Then it's very good indicator it's successful!

Posted by CLIQmanagement > 2016-02-24 14:25 | Report Abuse

The prospect is really so bad ar ? Oil price dropping again.

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