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
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
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
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
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.
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...
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
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!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
riaz
160 posts
Posted by riaz > 2016-02-16 09:34 | Report Abuse
This counter sure make money...the only question is how much ?