Posted by coolinvestor > 2016-04-12 15:05 | Report Abuse

then the big guys should just vote for the QA. if not hard to get cash back

Posted by jack2 > 2016-04-12 15:08 | Report Abuse

oil price soaring, brent usd43
stag oil 44.50

Posted by Dogwithabone > 2016-04-12 15:10 | Report Abuse

I must say Best Oracle's request for a judicial review is a timely reminder to those yield investors who think they can get an easy ride. Yield Investors, please go back to your little holes and re-calculate your yield per annum should the same thing happen to Sona. Instead of 3 months to receive your funds back, now input 2 years (maybe more) in your formula and see if you still get your required return. Nice one!!

Posted by coolinvestor > 2016-04-12 15:19 | Report Abuse

maybe best oracle is kinda piss off from the actions taken...thats why lo

Posted by speakup > 2016-04-12 15:45 | Report Abuse

U have to understand Credit Suisse to undestand Sona. Credit Suisse is European. In Europe, most bank interest rate is near 0! Some even negative! So give Credit Suisse 2-3% interest/pa already they happy. That's why they choose to be Yield Investors.

Posted by Dogwithabone > 2016-04-12 16:10 | Report Abuse

2-3% may not be sufficient to offset the country risk. Plus the fact that, in 2 years, we will be having our elections, more uncertainty. Good luck to the yield investors. Life is not that easy...unfortunately.

Posted by stockmanmy > 2016-04-12 16:14 | Report Abuse

the directors will play games , not so easy for Credit Suize.

Posted by sudahkena > 2016-04-12 16:14 | Report Abuse

ths time..fair game.... today I believe they are not buying. ...

Posted by jack2 > 2016-04-12 16:23 | Report Abuse

brent usd43.40, soaring
usd 45 comin

Posted by T1T4N > 2016-04-12 18:41 | Report Abuse

PAG/Credit Suisse collecting more mother shares!

Posted by bryan90 > 2016-04-12 18:46 | Report Abuse

Hope can vote yes
if not I will loss a lot money because I have hold a lot share for sona wa.

Posted by Alvin Hong > 2016-04-12 19:11 | Report Abuse

Dun worry oil price increase

Posted by cruise > 2016-04-12 19:20 | Report Abuse

yeah, brent oil price is going up

Posted by OPMS > 2016-04-12 20:29 | Report Abuse

PAG & Credit Suisse load up almost everyday since this year.. i think it's only the matter of time before they goreng?

Posted by bryan90 > 2016-04-12 21:45 | Report Abuse

So they have confidence to pass this meeting.

Posted by Na Zhou > 2016-04-12 23:11 | Report Abuse

oil 44....good for sona future

Posted by connect1 > 2016-04-13 08:09 | Report Abuse

brent oil price up up 44.30
those that constantly talk 3 talk 4 and talk kok will disappear
once oil price shoot up, all the syndicates and fund managers will goring the stock

all the naysayers can stop talking kok

Posted by Brutus121 > 2016-04-13 08:38 | Report Abuse

Investors are supposed to vote based on the technical and economic condition of the Acquisition. The intention of SC is just simply that and nothing more. Remember to call a Spade a Spade.

Proven Reserves are defined based on;

"existing technical and economic conditions"

which, in the case of Sona, is 16 million barrels (2P - Proven + Probable). For some, that may be a Tad too small for an Offshore Field.

In Malaysia, anything below 30 million barrels is considered marginal. PETRONAS have stopped all future service contracts to develop these marginal fields, as they are no longer considered to be commercial.

Sona may not follow the same path as Cliq or Hibiscus...So vote on the facts and not on fancy.

Posted by sudahkena > 2016-04-13 08:58 | Report Abuse

yup ... oil price already up...
these 2 foreign institution also up their stake...
djia also up....


so if mother & wa not move...tht the sign they vote against... right???

Posted by sudahkena > 2016-04-13 09:01 | Report Abuse

the time is right for sona... but the yield investors. ... must support the qa

Posted by ruslimz > 2016-04-13 09:26 | Report Abuse

yes....very very right.....

Posted by roflmaocat > 2016-04-13 09:32 | Report Abuse

OPEC meeting this sunday. good news coming

Posted by akhan1717 > 2016-04-13 10:41 | Report Abuse

...more good news cmg bro...just wait..keep on buying for a YES..

Posted by cruise > 2016-04-13 10:52 | Report Abuse

positive feeling on OPEC-NON OPEC meeting this sunday
can expect brent oil price usd50 next week

Posted by sudahkena > 2016-04-13 11:08 | Report Abuse

not move...while other oil counter move today.need little bit worry...

Posted by T1T4N > 2016-04-13 14:40 | Report Abuse

Yield investors don't look at your technicals or value. They wan the guarantee confirmed %.
That's all.

Only way to make them vote yes, is THE MOTHER SHARE IS ABOVE THE YIELD GUARANTEE before QA.

Posted by cruise > 2016-04-13 14:42 | Report Abuse

If Reach can get Tabung Haji and other funds to invest, Hadi shud do the same

Posted by cruise > 2016-04-13 15:25 | Report Abuse

MD that doesn't know its QA capex but able to convince THaji to invest. what can you say but thumbs ups. hehe


Posted by cruise > Apr 13, 2016 02:42 PM | Report Abuse X

If Reach can get Tabung Haji and other funds to invest, Hadi shud do the same

Posted by Kareemabduljabbar > 2016-04-13 16:52 | Report Abuse

Sleeping.

Posted by coolinvestor > 2016-04-13 20:30 | Report Abuse

new capital repayment proposal is out!!!!!

looks like the management is willing to sacrifice a lot!

looks good

gentlemen pls read up

Posted by sudahkena > 2016-04-13 20:32 | Report Abuse

Write a comment..http://www.bursamalaysia.com/market/listed-companies/company-announcements/5057809

up .. 0.08 pershare... want bodek???

Posted by sudahkena > 2016-04-13 20:42 | Report Abuse

mgt exercise wa & not involve in capital repayment.. wow

Posted by coolinvestor > 2016-04-13 20:43 | Report Abuse

yes looks like they are really sacrificing a lot. they all sailang in sona....haha

Posted by Alvin Hong > 2016-04-13 21:01 | Report Abuse

then is good news for sona wa ?

Posted by cruise > 2016-04-13 21:08 | Report Abuse

mother share will get repayment of 8 cts regardless of share repurchase amount

any shortfall in cash, founder will exercise their warrant to finance the capital repayment, big sacrifice by founders

those who exercise the warrant also entitled to 8 cts repayment if done before ex-repayment

warrant exercise price is also reduced around 5 cts after exercise

good deal for everyone here whether you are holding mother and wa

Posted by sudahkena > 2016-04-13 21:14 | Report Abuse

still have a hope..... they show their efforts. ..conversion wa also adjusted. ..

Posted by Kareemabduljabbar > 2016-04-13 21:20 | Report Abuse

Interesting approach. Looks good. Besok limit up warrant !

Posted by Alvin Hong > 2016-04-13 21:20 | Report Abuse

so tomorrow the price will naik?>

Posted by cruise > 2016-04-13 21:21 | Report Abuse

founders even exercise their warrants and use bank borrowing to finance the conversion if any shortfall in capital repayment and share repurchase. they are not entitled to 8 cts repayment too

BIG SACRIFICE THERE

APA YOU MAU LAGI

Posted by bryan90 > 2016-04-13 21:23 | Report Abuse

This is good news to sona wa because I have hold many share for sona wa.I still worry.

Posted by cruise > 2016-04-13 21:23 | Report Abuse

hope Tabung Haji and EPF can join to goreng tmrow

Posted by sudahkena > 2016-04-13 21:33 | Report Abuse

but still have risk... but voting yess up I think

Posted by sudahkena > 2016-04-13 21:45 | Report Abuse

with rm quick ok compared last time.. everything at the perfect. ..

Posted by cruise > 2016-04-13 21:48 | Report Abuse

oil price recover up
RM ringgit recover up
Stag Field price down

sona how tmrow? up up up?

Posted by sudahkena > 2016-04-13 21:49 | Report Abuse

sona wa get compensation if qa fail????? why???

Posted by T1T4N > 2016-04-13 22:01 | Report Abuse

If QA go through, you need to convert your Warrants in order to get the share capital return. Which is estimate 30 sens EX price (NEW ADJUSTMENT FORMULA). Meaning, you need to top up 30 sens to get 8 sens.

If QA fail, your warrant is still dead.

Don't confuse people.

Posted by coolinvestor > 2016-04-13 22:16 | Report Abuse

with the new capital repayment applicable for both shares n warrants

i will not be surprised if ppl decide to collect mother n son tmw onwards.

it was a smart move. with mother 45sens now n 8sen repayment(dividend) of 17% its high. this is enticing ppl to buy shares n perhaps chase it up.

with warrants ppl may still collect without exercising it to speculate on the upside in price due to mother shares going up.

looks like a smart move. will see if we are correct.

naysayers...pls just go away dun buy any mother n son tmw....just let it go up for us

thank you

Posted by sheep > 2016-04-13 22:20 | Report Abuse

"The new plan requires at least an additional layer of approval -- that of the Securities Commission to exempt Platinum Autumn from the obligation to undertake a mandatory takeover offer on Sona."

Still look fishy to me. I think it is better to delay the egm until approval is obtained. If we okay the QA and SC reject the new plan (Like cliq case), not enugh money to be give the promised 8sen and QA approved..how?

Posted by T1T4N > 2016-04-13 22:25 | Report Abuse

@sheep, the quoted line is for 33% mandatory takeover offer, so SC would be OK.

8 sen capital repayment should be no problem too, its capital repayment, your money.
example: Today EX share price = 50sen, EX happen.
Tomorrow share price will be 42 sen (open market), and the money goes to your bank.

Posted by T1T4N > 2016-04-13 22:31 | Report Abuse

You need to EXERCISE YOUR WARRANT, MEANING TOP UP 30sens (suggested amount which is adjusted from 35sens) for taking the 8sens capital repayment.

Example:

If You bought warrant at 5 sens, RM5,000
To exercise, you need to pay 30sens exercise price to get a mother share. So in this case, RM30,000.

After that you may get back your 8sens capital repayment, RM8000.
Then the mother share will adjust minusing 8 sens.

Warrants basics, please understand before you buy.