SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

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

coolinvestor

1,249 posts

Posted by coolinvestor > 2016-03-22 15:14 | Report Abuse

another useless troublemaker comment with no real help at all to this forum for serious investors looking for real gains n the future.

1. empty of providing help n info for serious investors
2. probably jealous of serious n smart investors who really knows how to invest
3. empty of providing objective answers to serious investors who questioned the management properly
4. probably trying to scare other ppl for the fun of it
5. purposely would like to see you fail sigh....
6. doesnt want his investments to succeed but want them to fail...wow

another empty echo.....lol

914601117

541 posts

Posted by 914601117 > 2016-03-22 15:59 | Report Abuse

Buying at US$25m is not a huddle. Additional capex and right issue to operate oil extraction would be a big issue for small investors.

Yunus

28 posts

Posted by Yunus > 2016-03-22 18:14 | Report Abuse

Thank you Datuk Seri Saw ....trust that SONA is headed in the right direction and that the SONA team will not let down those voting YES

YC_Ma

907 posts

Posted by YC_Ma > 2016-03-22 18:46 | Report Abuse

tomorrow good shown

jack2

1,359 posts

Posted by jack2 > 2016-03-22 18:53 | Report Abuse

brent usd41.50
stag usd43

RM strengthen against USD to 4.0, less ringgit to purchase oil field

tyran

94 posts

Posted by tyran > 2016-03-22 18:55 | Report Abuse

Aiya relax la...everyone has their own opinion and will vote as they wish, just make sure you vote and not sit on your backsides yea!

Desa20201956

2,286 posts

Posted by Desa20201956 > 2016-03-22 19:11 | Report Abuse

CS and PA are indeed arbitragers.

no hope already.

sold all my warrants.

jack2

1,359 posts

Posted by jack2 > 2016-03-22 19:40 | Report Abuse

credit suisse bought 7.3M 17/3
total 12.8%, probably reached 13% by this week

both CS and PA 25%

both of them are the game decider

Ant

1,504 posts

Posted by Ant > 2016-03-22 20:17 | Report Abuse

warrant will tell the result before the judgement day.

Posted by Kareemabduljabbar > 2016-03-23 00:04 | Report Abuse

PA is a pure arb yield fund. CS is a mixture of high net worth and prop desk. There are other Malaysian HNW with about 15 pct who confirmed will vote no. The promoters need to make sure PA and as much as CS as possible, vote yes. The only way is to buy them out. Apparently, still not done yet. At this rate, the Promoters risk this deal failing. Everyone else can vote yes, it doesn't matter since any 25 pct can decline and deal is dead. Promoters still have a few days le to make sure deal can succeed. Wish them all the best.

Posted by Kareemabduljabbar > 2016-03-23 00:47 | Report Abuse

My broker commented how strange it is that so far management only talk talk talk. Cakap cakap kosong. Not a single one of them bought even a single share at current market price as a show of confidence. Ha ha. Their silence In action is indeed deafening. Let us see next week.

MG11

30 posts

Posted by MG11 > 2016-03-23 07:31 | Report Abuse

Take note too that KareemJ and his remisier cakap2 kosong too.
Speculate here and there.

Wait 30/3 la. Then, you can be a Hero or a Zero.

jack2

1,359 posts

Posted by jack2 > 2016-03-23 07:44 | Report Abuse

yeah, no need to speculate too much
wait 30/3, you will know the outcome

Yunus

28 posts

Posted by Yunus > 2016-03-23 09:31 | Report Abuse

Decide based on the information from SONA and your own assessment. Contrary to what kareemabduljabbar is saying SONA and its VP have done a good job of explaining and clarifying the many questions posed, if you care to read and understand! In any case to each his own and to decide based on your own assessment. May the force be on the side of those who say YES (me included) on the 30th March !!!! :-)

Posted by saxman777 > 2016-03-23 11:41 | Report Abuse

Went to the management briefing and Im convinced they've got a good deal with Stag.
I vote YES!!

jack2

1,359 posts

Posted by jack2 > 2016-03-23 11:54 | Report Abuse

saxman, you must be one of the priority & big shareholders to get briefing bfore EGM

akhan1717

64 posts

Posted by akhan1717 > 2016-03-23 11:55 | Report Abuse

..no yield investor will be happy with 2cts profit..and as oil prices are on the rise who dont want to ride the wave,,,,,YES vote will be a win win for all...

jack2

1,359 posts

Posted by jack2 > 2016-03-23 11:57 | Report Abuse

recovery of oil price and strengthening of RM, will be good for the QA, apart from the productive field

jack2

1,359 posts

Posted by jack2 > 2016-03-23 12:29 | Report Abuse

some big buyers coming for the warrants

Yunus

28 posts

Posted by Yunus > 2016-03-23 12:45 | Report Abuse

oh yes !!!!

Ant

1,504 posts

Posted by Ant > 2016-03-23 13:08 | Report Abuse

yes... if can hit and sustain @ 9c by this week... I belive there is a good show...

jack2

1,359 posts

Posted by jack2 > 2016-03-23 13:37 | Report Abuse

yeah, looks like the show will come, latest next week, just guessing
most of the weak holders already sold

NEWHAND

30 posts

Posted by NEWHAND > 2016-03-23 14:03 | Report Abuse

In summary, As to date Investor in favor of QA as below : in favor

jack2
yunus
saxman777
akhan1717
ruslimz
dogwithabone
coolinvestor
desa20201956
na zhou
t1t4n
mr8888
old90
lkwwgp
ab55
smalltimer
fiamma20
mg11
rohank71
anakayambursa
tyran
ktsk88
pvd_investor
cruise

jack2

1,359 posts

Posted by jack2 > 2016-03-23 14:10 | Report Abuse

the warrant at the worst time last week, under heavy selling and pessimism, did not break 5cts and didn't touch 4.5 cts

technically, good, higher low, hopefully, will have higher top...

that also means strong accumulation by .....

T1010

5 posts

Posted by T1010 > 2016-03-23 15:20 | Report Abuse

If want to vote "YES", need to select which option? There is Option 1,2,3,4.

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-23 15:48 | Report Abuse

please list the nonbeliever also........

YC_Ma

907 posts

Posted by YC_Ma > 2016-03-23 18:27 | Report Abuse

Lai lai lai buy more get more..... Sona the Power of dream... wahahahahaa

MG11

30 posts

Posted by MG11 > 2016-03-23 18:37 | Report Abuse

ruslimz..
One of the nonbelievers just came out!

fiamma20

18 posts

Posted by fiamma20 > 2016-03-23 18:55 | Report Abuse

Based on reliable source the chance for Sona to secure 75% shareholders' approval is 50%:50%.

Very high risk for the warrant holders.

Sona shareholders should give full support to the Management in order to defeat Credit Suisse's current shareholding of 12.825%!

jack2

1,359 posts

Posted by jack2 > 2016-03-23 19:34 | Report Abuse

when you already know all the major players choices now is much better than during the EGM

they will have enough time to strategies and do the necessary preparation...

just like during school days, when teacher said certain questions sure come out in the exam and you dont know anything about it. same thing you will do here....

cheers

Ant

1,504 posts

Posted by Ant > 2016-03-23 20:42 | Report Abuse

50%:50%, that means is very high chance the QA will approve....

fiamma20

18 posts

Posted by fiamma20 > 2016-03-23 22:17 | Report Abuse

http://www.theedgemarkets.com/my/article/credit-suisse-axe-another-2000-investment-banking-jobs-revenue-slumps

Let pray hard Credit Suisse will goes bankrupt before 30 March 2016!

YC_Ma

907 posts

Posted by YC_Ma > 2016-03-23 23:30 | Report Abuse

Take one cup of coffee relax

Posted by Kareemabduljabbar > 2016-03-23 23:58 | Report Abuse

Apparently many people already lodged their proxy vote with the company secretary including their yes / no vote. Anyone have any inside jalan to find out what is the tally at the moment ? The key is CS / PA. They vote yes, deal is ok. They vote no, deal is dead. Strange that CS keep buying into Cliq despite the announcement that they are proceeding into liquidation. Expiry is in less than 3 weeks. Is CS a yield or capital gains investor ? I guess we will know on 30th.

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-24 09:32 | Report Abuse

why are you all so quite this morning......tired hahhh? few days left.......YES supporters should never stop beating the drum in order to accomplish our mission......by the way this morning just done few lots at 45 sen betting for YES should prevail......if beaten ...hoping can sell at 46 sen before cash distibution.....asal talak lugi OK lah....

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-24 09:35 | Report Abuse

do not dare to buy warrant...takut kalah....dan mampus...

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-24 09:59 | Report Abuse

why it takes too long...it is not to select a contractor for a RM100m project....just too select a liquidator.....2 months are enough...then to verify the list of shareholders who are eligible for refund..all are in CDS....should be very fast.....then......aahhhh....not 2 years....it is too long.......

akhan1717

64 posts

Posted by akhan1717 > 2016-03-24 10:59 | Report Abuse

good day gentlemen....buy warrants ..yes high risk but the returns..who knws..fantastic..i m sure Sona will get the YES vote and defeat the born losers...

Posted by Wong Heam Kiew > 2016-03-24 11:24 | Report Abuse

The earlier computation shows that the NTA would be 0.38 after QA, assuming 100% vote for Yes.

But let say QA get thru with 76% Yes and 24% No (ask for refund). This 24% people will get 0.48 refund sooner.

So, in this case the NTA will be (0.38 - 24%*0.48) / 76% = 0.35, down 0.03 from earlier computation of 0.38.

coolinvestor

1,249 posts

Posted by coolinvestor > 2016-03-24 11:49 | Report Abuse

The warrants are very risky.if qa not approved they will be zero. Be careful.

With some postings saying 50 50chance but already deleted...lol this maybe be true.

However, listened to the radio broadcast n the vp doesn't sound too confident too. Sigh.

I dun want this to happen but our chances dun look good guys.

Plus no more comforting news from sona.

All the best n keep fingers cross.

jack2

1,359 posts

Posted by jack2 > 2016-03-24 12:38 | Report Abuse

just hope, funds will goreng up the shares on monday before EGM on wed. once QA approved on wed, the share price can continue to go up as more funds can come buy

those who sold on mon and tue cant vote, neutralise the against votes

just my 2 cts opinion and strategy

jack2

1,359 posts

Posted by jack2 > 2016-03-24 13:32 | Report Abuse

Foreign funds are net buyers at Bursa around RM300M past few days

RM is strengthening as more foreign fund inflow into the country

This is positive, buy oil field at low price when oil price was low around usd30, now RM strenthening, actually pay less in RM
Foreign Funds are coming too

Cheers

hpcp

450 posts

Posted by hpcp > 2016-03-24 13:39 | Report Abuse

Both Pacific Alliance and Credit Suisse holding more than 20% of Sona shares. What is the chance of the QA going through?

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-24 15:05 | Report Abuse

If shareholders do not approve sona's QA.....it is the end of SPAC in malaysia...there will be no reasons why shareholders will approve QAs for reach and rsena...

Posted by pvd_investor > 2016-03-24 15:37 | Report Abuse

we should worry only if it is end of the world.

YC_Ma

907 posts

Posted by YC_Ma > 2016-03-24 15:41 | Report Abuse

Wakakakakaa

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-24 15:43 | Report Abuse

end of the world kita mati dulu laaa.....why worry.....IF QA not approve......all SPAC warrants mati laaa.....all warrant holders manyak wolly laaa......

YC_Ma

907 posts

Posted by YC_Ma > 2016-03-24 15:45 | Report Abuse

Relax relax relax just wait until 30mach ....

speakup

27,014 posts

Posted by speakup > 2016-03-24 15:50 | Report Abuse

ruslimz, HA HA HA....
isnt't that that same as saying,
"if voters do not vote BN.... it is the end of country of malaysia"???

ruslimz

1,609 posts

Posted by ruslimz > 2016-03-24 15:51 | Report Abuse

if 50:50 chance you will die, lu ingat boleh relax kaaaa.....

Post a Comment
Market Buzz