Posted by coolinvestor > 2016-04-05 12:23 | Report Abuse

might as well sell ayam n itiks hahahha

ayam name = sona
itik name = reach

Posted by Old90 > 2016-04-05 12:26 | Report Abuse

Well said, coolinvestor. Totally agree with you.

Posted by YC_Ma > 2016-04-05 13:06 | Report Abuse

Wait wait wait wait for qa approve

Posted by sudahkena > 2016-04-05 14:07 | Report Abuse

cash value.0.475 if I not mistaken...



but I bet it will pass....

Posted by speakup > 2016-04-05 14:10 | Report Abuse

net cash value 0.49 but less a bit for liquation cost, so maybe 0.48

Posted by T1T4N > 2016-04-05 16:16 | Report Abuse

Capital Repayment is actually your money. Nothing "SWEET" about it.
For example, Sona to repay 6 sen capital repayment on today (EX), today price 0.46.
Tomorrow share price will be 40 sens. 6 sens payout is deducted from the share price.

With this, if you do not exercise your warrants, you will miss out the CR.
And to exercise your warrants, you need to top up 35sens (to get the 6 sens).
What so SWEET about that?

Warrants buyer beware.

Posted by Old90 > 2016-04-05 16:17 | Report Abuse

Wait for official announcements.

Posted by paper123 > 2016-04-05 16:37 | Report Abuse

==' hopeless

Posted by ruslimz > 2016-04-05 18:13 | Report Abuse

sudahkena...lu baru sudahkena ranhill.....dont't waste your time here...go to other counter......lu cakap lu mahu rest dulu lepas ranhil punya fiasco.......gua takut lu keluar mulut rimau masuk mulut croc...

Posted by callme777 > 2016-04-05 18:52 | Report Abuse

The stock price must stay above the cash value or else there will be no confidence in the stock. Sona management may be expert in oil and gas but you guys need to also manage your stock. Give us investors some confidence via your stock price too

Posted by coolinvestor > 2016-04-05 19:54 | Report Abuse

I agree with callme.

Posted by cruise > 2016-04-05 20:04 | Report Abuse

now the QA is given 2nd chance, many people includg me supporting the QA

if Hadi and founders dont take the chances accordingly...and the QA failed, they have themselves to blame, they deserved to lose money and all the staff also deserved to lose their jobs

in life, sometimes, you need to take chances and calculated risk. even you buy under proxies up to 475 cts you wont lose money but all to gain with the QA

Genting LimGohTOng also took risk when he build road up the genting resort hill 70/80 yrs ago, many naysayers said he will fail and go bankrupt & using his own money leh.. no ipo fund then. now, how?????

be wise and smart...

Posted by Brutus121 > 2016-04-06 07:12 | Report Abuse

Read the Last 4 Paragraphs in this Edge Report especially 4th before last...

http://www.nama.com.my/PRINT_NEWS/2016/04/04/20160404_N60_EDG_CR_26_FC_THE~LURE~OF~SONAS~CAPITAL~REPAYMENT.JPG

Shareholders caught between the devil and the deep blue sea......

Hedge Funds will come in with heli and rescue them!

Posted by xachx > 2016-04-06 09:39 | Report Abuse

What is the date of coming EGm ?

Posted by stockraider > 2016-04-06 09:41 |

Post removed.Why?

Posted by stockraider > 2016-04-06 09:41 | Report Abuse

Major shareholders in SONA are:
Platinum Autumn Sdn Bhd 20% - Datuk Seri Hadrian Hashim and directors
Credit Suisse 12.82%
PAG 10.58%
CS and PAS combined control 23.4% of the company.
The promoters wish for the QA to be approved.
CS and PAS have the opportunity to make a fast profit from this risk free arbitrage return of cash to sharholders from the trust account should the QA not be approved.

RAIDER COMMENT; THE MANAGEMENT SHARE IS NOT ALLOW TO VOTE, THEREFORE IT DEPEND ON THE FUND WHETHER TO SUPPORT OR REJECT THE DEAL.

SONA is seeking to buy 100% of Stag Oilfield off the coast of Western Australia. This oilfield currently produces about 4,600 barrels of oil equivalent per day.
The accounts of this QA for the last 9 months ending Sept 30, 2015 show:
Sales US $54.2 million
Operating Expenditure US $ 56 million

RAIDER COMMENT; THE OILFIELD IS ALMOST BREAKEVEN AT AVERAGE COST PER BARREL USD 33.
BUT IT IS CASHFLOW POSITIVE BCOS OF AMORTIZATION AND DEPRECIATION LOH....!!
ITS OVERALL COST OF PRODUCTION INCLUDING TAXES AND ROYALTY IS ABOUT USD 35 LOH...!!

Posted by stockraider > 2016-04-06 09:42 | Report Abuse

Barely 3 trading days before the Sona's EGM, the management proposed a CAPITAL REPAYMENT of up to RM 80 million to shareholders ON CONDITION the RA is approved.
The capital repayment gives Sona shareholders a handsome one-off return!
[Return of capital is often confused with return on capital. Investors seek return on capital rather than return of capital, as the latter essentially is paying yourself with your own money.}

RAIDER COMMENT: THE ABOVE IS A CON JOB....SENSING A DEFEAT....MANAGEMENT TRY TO BUY TIME...!!

Essentially:
Trust account has RM 527.55m (46.7 sen/shr)....RAIDER SAY RM 0.48 PER SHARE

Proposed capital repayment:
Capital repayment amount RM 80m
Trust account balance has RM 447.55m.
Approval of QA Scenarios A B C

% For 100%
%Against 0%
Payment to Dissenting Shareholders 0m 30m 20m
Capital Repayment to Supporting Shareholders 80m 50m 60m
(=7.09sen/shr) (4.67sen/shr) (4.37sen/shr)
Trust Account 447.5m 447.5m 447.5m
(=39.61sen/shr) (=39.61sen/shr) (=39.61sen/shr)


What has been the outcome for SPACs in other countries post-QA? Here are some pointers.
RAIDER SAYS THEY ARE USING THE LEFTOVER MONIES OF DISSENTING SHAREHOLDER TO PAY THE SUPPORTING SHAREHOLDERS.
EVEN IF QA APPROVED....NOTHING IS LEFT FOR SUPPORTING SHAREHOLDERS....BCOS THE DISSENTING SHAREHOLDERS NEED TO PAYOFF 1ST....!!

Posted by stockraider > 2016-04-06 09:43 |

Post removed.Why?

Posted by Wong Heam Kiew > 2016-04-06 10:16 | Report Abuse

Stockraider, Thanks for the information.

Posted by Vjean > 2016-04-06 10:17 | Report Abuse

look at the number of buyers who keep buying warrant, somebody is seeking opportunity there.

Posted by sudahkena > 2016-04-06 10:23 | Report Abuse

more than 20mill wa done at 0.035.... insider/someone sell ??

Posted by ruslimz > 2016-04-06 10:44 | Report Abuse

opportunity to lose money......

Posted by Vjean > 2016-04-06 10:48 | Report Abuse

if it is the opportunity to lose money, why people still collecting? very curious on the result then....

Posted by houwei86y > 2016-04-06 10:49 | Report Abuse

Sona is a Ship with the Captain not fighting the storm to survive it...
The Sona management is not raising the war drum after the adjournment of the egm..
No action plans, no assuring announcement, and is silently shying away and hiding away from the battle...
Even during the interviews they are quite beaten on the chest and have zero confidence level....
very badly managed indeed...

So many negative news/articles/analysis and they do not bother to re-assure and boost the retail purchasers confidence, public confidence will slowly fade away and fate is sealed

Posted by investing101 > 2016-04-06 10:52 | Report Abuse

Why not make an offer to buy us out at 48c immediately? Get a Quek or someone to put in RM150m

Posted by stockraider > 2016-04-06 11:09 | Report Abuse

U think so easy to do GO ?
It cost Rm 1 million in expenses, just to do a GO....!!

Also....once acquired.....the value of SONA diluted to Rm 0.38 from rm 0.48....bcos of warrant and management share....!!

U think Quek stupid meh ??

Posted by investing101 > 2016-04-06 11:23 | Report Abuse

Directors don't have to do GO. Just approach CS to offer them privately. Once you kau tim CS then sure will go through

Posted by Old90 > 2016-04-06 11:30 | Report Abuse

Patience and wait for the official announcements.

Posted by coolinvestor > 2016-04-06 12:17 | Report Abuse

again pasar malam rules and negotiations by pasar malam people...like everything is so simple and drop from the sky...no need time to plan, check and find advisors etc.

just wish n poof...come true...lol

Posted by sudahkena > 2016-04-06 12:32 | Report Abuse

this time we really depend on 2 foreign shareholder.......

but with current price ..... hard to say.....

Posted by sudahkena > 2016-04-06 12:37 | Report Abuse

notice of.egm shld.be.next week.....

Posted by coolinvestor > 2016-04-06 12:38 | Report Abuse

yes

and that is exactly why...we need wait n see what the management has to offer. they should know what to expect n be expected from the shareholders egm held recently.

u see the market is very fair and fast. if news and proposal is not good...market will sell down. if good, stock price will go up.

all u need now is patience and wait. I am not supporting fully yet not condemning either. there is no point at all. we as investors are all neutral n should be neutral is all we buy/sell.

no personal longing, this not good, skip n buy others. this is not a pasar malam. there is no haggling and no wishful thinking. there are rules n regulations to follow. plus....the markets are really merciless...

again lets see what they have to offer us...

Posted by ruslimz > 2016-04-06 13:11 | Report Abuse

managements maybe have gave up meh....they are surviving on the borrowed time......they realized how difficult it is to go through.......pity you hamdan.......it is beyond your wildest dream that this is going to happen.........

Posted by Vjean > 2016-04-06 13:15 | Report Abuse

well say, yes, we need to be patience and wait, just wait next week. Do not panic first.

Posted by roflmaocat > 2016-04-06 13:31 | Report Abuse

just be patient before making all these speculations. Official news also havent come out yet. If so negative, just let go and bail la.. dont need to give the public all these negativity..
Takes time to develop a plan to win investors

No announcement yet, then say the management bad already.

Posted by Vjean > 2016-04-06 13:38 | Report Abuse

Agreed!

Posted by coolinvestor > 2016-04-06 13:38 | Report Abuse

Yes! Logical thinking ppl have come out!

From here i can already tell that u guys have yoyr EQ controlled to a certain degree. This is important for successful investing/trading

All the best to us sona fans

Posted by xiongyan > 2016-04-06 13:39 | Report Abuse

If who comfirm the qa fail,just short sell the sona warrant, still wait for want,dont want money??

Posted by xiongyan > 2016-04-06 13:41 | Report Abuse

But i advise must thinking cleary first oh..
....

Posted by xiongyan > 2016-04-06 13:49 | Report Abuse

The sona warrant 4cent,this price is good for buyer and also good for seller...... if want a more accurate analysis just wait announcement out ...

Posted by xiongyan > 2016-04-06 13:56 | Report Abuse

I believe my selection and analysis... then i hold the sona warrant 5000lot.... the people
comfirm the qa sure fail got short sale the sona warrant?

Posted by speakup > 2016-04-06 13:58 | Report Abuse

xiongyan 500,000 is INI KALILAH! do or die

Posted by xiongyan > 2016-04-06 14:10 | Report Abuse

I just know , if i the sona managment i sure no give the people close sona...no matter how...................

Posted by xiongyan > 2016-04-06 14:12 | Report Abuse

I queuing buy more 100000 lot at 3.5cent... i hope today can got it....
.

Posted by xiongyan > 2016-04-06 14:14 | Report Abuse

I move all my earning money at counter packson, all in at sona warrant...... this the changes for double double....

Posted by speakup > 2016-04-06 14:16 | Report Abuse

xiongyan DOUBLE OR NOTHING! INI KALILAH!!!!!

Posted by hpcp > 2016-04-06 14:17 | Report Abuse

xiongyan, how to short warrant?

Posted by xiongyan > 2016-04-06 14:19 | Report Abuse

Often the opposite of the ideas and results in the stock world....

Posted by xiongyan > 2016-04-06 14:23 | Report Abuse

But people heart with the money is same....

Posted by xiongyan > 2016-04-06 14:26 | Report Abuse

I just betting qa will pass.... long time earning in this purchase like sona managment say, i never never never think and hope...