Posted by Alvin Hong > 2016-03-27 12:07 | Report Abuse

can't wait for the good news.

Posted by ASEANInvest > 2016-03-27 22:56 | Report Abuse

Looking from an outside-in perspective, it does seem that SONA shareholders are just about to catch the wave to the upside. http://www.telegraph.co.uk/business/2016/03/25/oil-price-recovery-to-accelerate-as-smaller-producers-slash-outp/

Posted by ASEANInvest > 2016-03-27 23:07 | Report Abuse

If the QA is voted through, 7 sen back will get shareholders almost 17% returns. With the cost of production at USD30 p/barrel, oil demand forecast to go up and prices to trend between USD40-USD50 this year, it would seem to be a very good proposition for investors to vote this through and enjoy the almost sure upside.

Posted by speakup > 2016-03-28 09:21 | Report Abuse

news out, but not moving. look like insiders sell on news.

Posted by ktsk88 > 2016-03-28 09:32 | Report Abuse

news out no upside is normal becos no one will push up the price and getting capital repayment........may as well let the capital repayment exercise completed and the share price ex for the exercise before start pushing.

People from now will concentrate on the warrant instead.

Posted by techm > 2016-03-28 09:37 | Report Abuse

So...warrant sell or hold better?

Posted by speakup > 2016-03-28 09:44 | Report Abuse

techm, Sona warrant now 6sen. Can u afford to lose that 6sen?

Posted by speakup > 2016-03-28 09:46 | Report Abuse

I dont hold any Sona shares anymore. So from an independent viewpoint, I think there is >50% chance QA will succeed now with the capital repayment.

Posted by luckyoldman > 2016-03-28 09:47 | Report Abuse

I consider the last minute announcement by Sona Management with regards to the capital refund as rather unfair to investors who have exercised their rights of voting prior to EGM.
In my opinion, in fairness to all, Sona should postpone EGM to give all the investors sufficient time to digest the latest proposal.
I hope the management can clarify the matter

Posted by ktsk88 > 2016-03-28 09:47 | Report Abuse

If the QA is succeed, why wanna sell when the oil is on recovery path. And Sona assets is making money and with recurrent income straight away from the production and sales.

In fact the Management is not going to stop with the current assets, they have other assets in mind and just wait for this one to go through.

The future is bright for the company and i am wondering why people wanna let it fails.

Cliq and Hibiscus only have all the hypes but not convincing to gets the shareholders approvals or net Bursa criteria for continue listed.

Posted by jack2 > 2016-03-28 09:54 | Report Abuse

morning to all sona shareholders

those weak shareholders and naysayers already sold their shares a week ago

this one is astro re-run - as there is capital repayment, all the major shareholders are going to support the QA

I am confident this one is the future mini PETRONAS

lets meet at EGM to celebrate

cheers

Posted by Old90 > 2016-03-28 09:55 | Report Abuse

No worry, the QA will be a success.

Posted by speakup > 2016-03-28 09:55 | Report Abuse

it is obvious that the capital repayment is a last minute do-or-die plan. Sona management probably saw most of the people who already voted before the captial repayment plan REJECTED the QA. that's why the last minute capital repayment.

Posted by jack2 > 2016-03-28 10:01 | Report Abuse

those retailers who have submitted the AGAINST & REPURCHASE FORMS shuld consult the company secretary if you want to withdraw the forms

try to speak to them whether they are agreeable to it

Posted by speakup > 2016-03-28 10:03 | Report Abuse

jack2, why waste time? they get back 49sen by rejecting the QA, IF they want they can just buy back now at 45.5sen!

Posted by speakup > 2016-03-28 10:07 | Report Abuse

>50% chance QA will approve, but those who already submitted NO, really didn't miss the boat, as they still can buy cheaper from the open market now.

Posted by techm > 2016-03-28 10:08 | Report Abuse

@speakup , can afford to lose that 6 sen if it's got good upside, but I can still sell warrant later after QA if approved right?

(Or do I need to exercise the warrant by buying the mother share at 35 sen after QA ? If that's the case I got no more bullets to pump into this thing).

Sorry, me newbie . :)

Posted by anakayambursa > 2016-03-28 10:09 | Report Abuse

why go for few cent profit when can go for 10-20c profit as the oil price is now on the uptrending side...QA will go thru undoubtly..but lets go to AGM and be sure

Posted by jack2 > 2016-03-28 10:12 | Report Abuse

pls use a bit of common sense, those who seek REFUND WILL MISS THE CAPITAL REPAYMENT. AT CURRENT PRICE 0.455, LETS SAY 7CTS REPAYMENT, YOUR COST IS 38CTS

Posted by speakup > 2016-03-28 10:13 | Report Abuse

techm if u can afford to lose that 6sen, then hold the warrants. worse case if u lose that 6sen IF QA rejected. But chances are higher QA will be approved, so you got higher chance to earn than lose if u hold the warrants.

Posted by speakup > 2016-03-28 10:14 | Report Abuse

you can sell the warrants anytime, BUT your cannot convert to mother UNLESS QA is approved.

Posted by Old90 > 2016-03-28 10:23 | Report Abuse

Another 2 more days, and we will know the answer.

Posted by jack2 > 2016-03-28 10:25 | Report Abuse

You wont know the outcome today though the proxy form collection ended last Friday

many shareholders are actually attending the EGM

Will know the result in 2 days

Posted by jack2 > 2016-03-28 11:23 | Report Abuse

the warrant is very steady today, the buyers kept absorbing at 6 cts

no more weak holders and naysayers except contra players

ready for bursting....

cheers

Posted by akhan1717 > 2016-03-28 11:44 | Report Abuse

well done to the management of Sona..this a a team of hardworking people who will make sure a sucesfull venture in oil/gas biz..n the future is bright as oil/gas prices are on the uptrend.syabas

Posted by Yunus > 2016-03-28 12:11 | Report Abuse

Three cheers for SONA! Well done in "staying the course" and not being taken in by the sceptics. Hope SONA management will use a majority YES vote to continue to manage the company prudently and realize value to shareholders in the coming months and years. Three cheers also to the shareholders who voted YES giving consideration to the employees whose job would be on the line with a NO vote!

Posted by Dogwithabone > 2016-03-28 12:13 | Report Abuse

The warrant price movement before EGM will tell you the story.

Posted by prc4wifefe > 2016-03-28 12:55 | Report Abuse

some maths...

yield investor will gain 15-16% if they approve QA...

if they veto QA, they get 6-7%...

is this a NO BRAINER??

Posted by cruise > 2016-03-28 15:14 | Report Abuse

macam mau jalan
kalau petang ini no show, esok masih ada

Posted by sonapetroleum > 2016-03-28 15:55 | Report Abuse

Dear all, we would like to share with you a video of Dr. Fereidun Fesharaki's (Chairman of Facts Global Energy) interview with ABC News 24: https://www.youtube.com/watch?v=L3b_w89hG2M.

It is interesting to note what the experts are saying on the outlook for Oil. With oil price predicted to rise to USD50 per barrel in 2016 (according to Dr. Fesharaki), a producer would be making a decent profit, more so if the oil produced is of higher quality and trades at a historical premium to brent.

Posted by speakup > 2016-03-28 16:01 | Report Abuse

sonapetroleum, how come u no hire syndicate to goreng up the shares above the net cash value? then u no need worry about capital repayment. plus it gives investors confidence that management is confident of the QA.

Posted by speakup > 2016-03-28 16:02 | Report Abuse

if comcorp can hire syndicate to goreng up share price, why sona didn't hire syndicate?

Posted by speakup > 2016-03-28 16:13 | Report Abuse

it is cheaper to hire a syndicate than to do capital repayment. plus capital repayment reduced the amount of cash left post QA.

Posted by paper123 > 2016-03-28 16:17 | Report Abuse

kedekut lah,

Posted by Old90 > 2016-03-28 16:20 | Report Abuse

For those who invested in Sona shares, let us vote YES together this coming wednesday, QA success, future earning for Sona is bright. Those who said NO with tons of this and that, is actually not holding any Sona shares.

Posted by jack2 > 2016-03-28 16:24 | Report Abuse

Yeah, oldman, lets vote for the QA, hope to get 7cts capital repayment and ride on the oil price recovery

I also proxy for those shareholders who cant attend too, hehe

cheers

Posted by MG11 > 2016-03-28 16:27 | Report Abuse

Ayoyo Speakup...

Goreng for what? Then, dumped.
We can do without you and your manipulative idea.

Dont tarnish Sona Petroleum. Bursa should go after you.

Posted by speakup > 2016-03-28 17:01 | Report Abuse

ha ha....i own zero Sona shares. i talk only :-)

Posted by Mr8888 > 2016-03-28 20:34 | Report Abuse

To sona management: Pls do not forget what u all did now (update & care about your investor & sharing your news here) after QA. Dont act like OSK old fox, after get what their want, their stock price become lower & lower.... The price dropped mostly not by the small investor like us, but by the management team bcoz they have their own bad motive...

Posted by Wong Heam Kiew > 2016-03-28 21:26 | Report Abuse

If QA get thru with 100% YES, the NTA will be 0.38,
If get thru with 75%, and 25% ask for money back, the NTA will be 0.35.

Now, look at the Stag deal, purchase price is USD25m against fair value of between USD30m to 40m, just take the middle USD35m, translate to a gain of (35m-25m)*4/1400m=3 sen per share.

Compare with Hibiscus, which the share is currently trading below its NTA, i.e. 20 sen against 43 sen, the share price is not even half of its NTA.

I am wondering, what is so special about SONA that many of us are so confident that its share should be trading higher than its NTA?

Posted by YC_Ma > 2016-03-28 22:27 | Report Abuse

countdown.....hahahaha hand on your belt hahahahaha

Posted by ruslimz > 2016-03-28 22:40 | Report Abuse

thousands of stocks in bursa trading above NTA.........

Posted by ASEANInvest > 2016-03-28 22:43 | Report Abuse

even if you have sent your form to vote 'No', can still come to the EGM and change your vote to YES in person. And you should, based on all the data and expert opinion on oil prices and the good sense of this deal

Posted by ASEANInvest > 2016-03-28 22:47 | Report Abuse

My friends in Malaysia tell me there are two indian sharks who are on margin and playing most of the SPACs. The move by Sona management was excellent, strategizing to give the money back to shareholders who understand the huge value of the QA, rather than buying out sharks who are obviously going crazy with panic

Posted by Kareemabduljabbar > 2016-03-29 02:40 | Report Abuse

The capital repayment is shareholder money anyway. Whether you pay out or you keep it in the company, same thing to a shareholder. Like a dividend or bonus issue, in theory at least, the share price should drop by precisely the capital repayment amount. Obviously markets not perfect. Look, no one asking sona to goreng shares. Also to buy out predators is possibly immoral, and not treating everyone equally and possibly illegal. What sona management has failed to do is to make the market excited about the company and new shareholders come in to buy out the old shareholders. The stale share price is proof of this. In fact, the board is potentially irresponsible for holding an EGM where everyday since the circular has been distributed the share price has been below the cash redemption value. I hope the vendor doesn't sue the board for irresponsibility. These Aussies can be very kiasu lah. Anyway, tulus iklas my best wishes to sona management for a successful QA. Everyone wins by a successful QA.

Posted by jack2 > 2016-03-29 07:26 | Report Abuse

Morning to all sona shareholder

another 24 hrs before the EGM

with the capital repayment, all the yield and investors are going to support the QA, who doesn't want capital repayment and benefit of potential upside in share price when oil price recovered.

when oil price recovered to usd50, sona will be making good profit

those weakholders and naysayers have already sold their share weeks ago.

the PRESENT GROUP OF NAYSAYERS ARE NON SONA SHAREHOLDERS HOPING, WISHING AND PRAYING QA WILL NOT GET THROUGH. HEHE. MY SUGGESTION TO THEM IS TO HIRE A BOMOH THAT USES COCONUTS AND WATERMELONS - LOL

A very happy EGM and hope to see you guys there

Cheers

Posted by YC_Ma > 2016-03-29 08:09 | Report Abuse

Jack2 u r so Funny wahahahaha ...

Posted by ruslimz > 2016-03-29 09:18 | Report Abuse

I changed side......the way it is going on........NO vote will win tomorrow......there will be a sad sad day for spac......

Posted by HYG > 2016-03-29 09:22 | Report Abuse

What happen the Sona!

Posted by Desa20201956 > 2016-03-29 09:26 | Report Abuse

All spaces are dead
Only good for arbitrage


Directors of all spaces can stop wasting money and go on leave.