SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

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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

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-21 12:50 | Report Abuse

mgt will fight to pass the qa..if not they will lose money even their cost only 0.01 n not entitle for cash refund if I not mistaken

vjean

35 posts

Posted by vjean > 2016-04-21 13:00 | Report Abuse

Vote Yes

Ant

1,504 posts

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

D price react funny....

callme777

1,586 posts

Posted by callme777 > 2016-04-21 15:13 | Report Abuse

I think the management has a hidden agenda. They may want to take it private. I am just speculating.

vjean

35 posts

Posted by vjean > 2016-04-21 15:36 | Report Abuse

You mean the management will let the QA pass and then privatize it or let the QA fail, sell the QA to private investor?

ruslimz

1,609 posts

Posted by ruslimz > 2016-04-21 15:45 | Report Abuse

all signs point to a failure.......

coolinvestor

1,236 posts

Posted by coolinvestor > 2016-04-21 15:48 | Report Abuse

aha finally a proper dcf valuation of stag from midf. i knew its not so simple as to just put in a figure of 0.38/share after QA.

good to know. btw mr.tan i thought u are voting no and going for the guaranteed yield?

but thx for the midf info tho

Posted by sonapetroleum > 2016-04-21 16:07 | Report Abuse

Hi all, sharing a video on Stag Oilfield that we hope will provide a better idea of our intended acquisition: http://www.sonapetroleum.com/download/april2016/video1.html

Regards,
Sona Petroleum

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-21 16:26 | Report Abuse

the asset is very good but our price going down -- our pocket xda masukk maa

T1T4N

270 posts

Posted by T1T4N > 2016-04-21 16:38 | Report Abuse

I'm going for guarantee yield, 48.5 sen is too attractive compare with 43 sen today.

Let's see how it progress few more days down the road.

Funny that, more reports out, the weaker the mother share price.

As I said earlier, technicals vs human emotions.
Make your own decision, good luck.

callme777

1,586 posts

Posted by callme777 > 2016-04-21 16:40 | Report Abuse

Sona, you are just killing your QA at these stock price. Unless you want it to fail and take the QA private? I don't know. That's all I think about. You ppl are crazy not to support the stock. Enough said. I am voting NO

bryan90

288 posts

Posted by bryan90 > 2016-04-21 16:46 | Report Abuse

I aslo follow t1t4n going for guarantee 48.5 because this few day the price still down.
why??

speakup

26,818 posts

Posted by speakup > 2016-04-21 16:48 | Report Abuse

Sona mother 43sen ----> everybody will vote No.

Brutus121

481 posts

Posted by Brutus121 > 2016-04-21 16:49 | Report Abuse

Saw the Slick Touristy Video by Sona....

Nothing New that will convince shareholders of anything except that it must have been a costly production...AUD$$

speakup

26,818 posts

Posted by speakup > 2016-04-21 16:53 | Report Abuse

better swap to ALAM.
ALAM PE 8x only, trading at only 40% its NTA of 95sen. Cheapest 'profitable' OSV listed company.
TP 70sen!

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-21 16:59 | Report Abuse

sona mgt keep repeat samething...

T1T4N

270 posts

Posted by T1T4N > 2016-04-21 17:01 | Report Abuse

Actually there is a main reason why stock fall, because people who buy NOW, is not eligible for the GUARANTEE YIELD. (already past the date that guarantee ownership)

This sends a SUPER STRONG MESSAGE, meaning, the people who bought previously are highly interested in the YIELD.

If not, they should have WALLAP all the shares today.

T1T4N

270 posts

Posted by T1T4N > 2016-04-21 17:14 | Report Abuse

I have checked the trend in chart, the volume is so THIN when the guarantee date is past.
Warrant holders, really beware.

Calamity~

175 posts

Posted by Calamity~ > 2016-04-21 17:17 | Report Abuse

when is the guarantee date?

ruslimz

1,609 posts

Posted by ruslimz > 2016-04-21 17:36 | Report Abuse

TLTAN...the date previously set is the date set for eligiblity to vote, not for final refund.....if QA failed the counter will be suspended before refund and the list of shareholders during suspension are eligible for refund...meaning if you buy now and keep until suspension after QA failed, you are eligible for refund.................

cashflow

3,642 posts

Posted by cashflow > 2016-04-21 17:37 | Report Abuse

Let's not speculate. Based on MIDF research, it appears the QA is a good buy, however it is stakeholders decision moving forward. Usually this is the right time to buy Oil & Gas assets. Price has stabilized and market is totally immune on OPEC's move.

Posted by Kareemabduljabbar > 2016-04-21 17:57 | Report Abuse

I was told by broker all the major block holders have agreed a structure with the promoters so likely deal will go ahead. Anyone hear of this story ? VOTE YES.

vjean

35 posts

Posted by vjean > 2016-04-21 18:00 | Report Abuse

Those who not sure, please dont simply comment any here to make people panic.

Posted by WarenBufet > 2016-04-21 19:23 | Report Abuse

I believe the weak buying of Sona today is because its after the 20 Apr 2016 Record of Depositors for EGM and those who buy today are not eligible to vote at EGM. I think buyers intend to accumulate more Sona shares, so there is no need for them to push to price up now but just wait for sellers to sell shares to them.

callme777

1,586 posts

Posted by callme777 > 2016-04-21 20:04 | Report Abuse

Down on not bad volume. Troubling

bigbigboss

441 posts

Posted by bigbigboss > 2016-04-21 22:49 | Report Abuse

if let say Qa fail how much will return to invester?

T1T4N

270 posts

Posted by T1T4N > 2016-04-21 23:03 | Report Abuse

@ruslimz
Yes, the day of vote NO and guaranteed your 48.5sen ,
whether QA OK or NO you get 48.5sen.

If QA pass, and you vote NO, you still will be paid your 48.5sen.

That's how the game run.

cruise

86 posts

Posted by cruise > 2016-04-22 08:28 | Report Abuse

no need to re-run your choice of vote 100 times, LOL

If you want guaranteed yield/return and dead worry about share price, just submit your Repurchase Forms, NO NEED TO REPEAT 100 TIMES A DAY

PLS ADD UP ALL YOUR GROUP SHARES, WHETHER CAN REACH 1% - wont make any different to Sona QA anyway

Siva kumar and gang, added to 20%, didn't make that much noises

Posted by Dogwithabone > 2016-04-22 08:33 | Report Abuse

T1T4N, You would be looking at closer to 47.5 sen, after deducting liquidation costs, taxes, and any other related costs. And you would be lucky to get your money back in 12 months, more likely in 18 months.

ab55

77 posts

Posted by ab55 > 2016-04-22 08:37 | Report Abuse

Sona going to be a gold mine with immediate value per share of 64 sen (56 sen + 8 sen), after egm sure fund managers/institutional pulon ooh.....

speakup

26,818 posts

Posted by speakup > 2016-04-22 09:21 | Report Abuse

bila Sona EGM?

callme777

1,586 posts

Posted by callme777 > 2016-04-22 09:22 | Report Abuse

0.64 cents after EGM? Lol, than faster buy now! What are you waiting for? Fail also get 0.485. Buy la. Tunggu apa?

connect1

86 posts

Posted by connect1 > 2016-04-22 09:23 | Report Abuse

betui betui, hari hari talk 3 talk 4, talk kok


Posted by cruise > Apr 22, 2016 08:28 AM | Report Abuse

no need to re-run your choice of vote 100 times, LOL

If you want guaranteed yield/return and dead worry about share price, just submit your Repurchase Forms, NO NEED TO REPEAT 100 TIMES A DAY

PLS ADD UP ALL YOUR GROUP SHARES, WHETHER CAN REACH 1% - wont make any different to Sona QA anyway

Siva kumar and gang, added to 20%, didn't make that much noises

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-22 09:37 | Report Abuse

I just call symphony share register. ...

on 26..There will be vote - yess or no... if pass... then those vote no will submit the share repurchase form...

if we vote yess..then they will reject the form..only to those vote no need to submit the form.

if fail..no need to submit the form...

Posted by WarenBufet > 2016-04-22 10:01 | Report Abuse

As oil prices have somewhat bottomed out & supplies tightening going forward, I am switching from short term yield investor to long term growth & yield investor. This switch of strategy fits just fine with my investments in Sona, as I look forward to capital growth as well as yearly yield from dividends, which is norm for upstream O&G cos.

Posted by WarenBufet > 2016-04-22 10:31 | Report Abuse

In addition to the strengthening oil prices, the Ringgit has also strengthened vs USD in 2016 as compared to 2015. These key factors greatly benefits investors of Sona in the long run.
The timing is just right as I get to invest into O&G E&P co like Sona, when oil prices has started to move up and also the QA will now be relatively cheaper in RM terms. So investing in Sona will allow me to enjoy the best of both worlds

Posted by Wong Heam Kiew > 2016-04-22 10:42 | Report Abuse

Russia said a few days ago that they might increase their oil production. They also said they have no problem to do that as their cost of production is only US$4 per barrel.

Yunus

28 posts

Posted by Yunus > 2016-04-22 11:01 | Report Abuse

Well said WarenBufet..agree with you to go for the medium to long term!...and lets be "greedy when others are fearful"

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-22 11:05 | Report Abuse

ths time... 50-50...very suspen.... huhu....

ogre

107 posts

Posted by ogre > 2016-04-22 11:08 | Report Abuse

speakup

fyi, the annual report 2014 listed siva as one of 30 largest shareholder.
however, from then till now no news whether he sell or buy more.

"Siva kumar buy Cliq lar, not Sona"

ruslimz

1,609 posts

Posted by ruslimz > 2016-04-22 11:13 | Report Abuse

mana ada 50 50..... 0 Yes 100 NO lah.....ada 4 hari lagi....tak nampak tanda psitive pun....sudah lah tu...better forget this project, if not you will be buried once again.....dua kali mati.....

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-22 11:15 | Report Abuse

font worry.. mother less risky

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-22 11:15 | Report Abuse

wa suddenly aggressive selling

sudahkena

1,804 posts

Posted by sudahkena > 2016-04-22 11:20 | Report Abuse

sigh... negative

Posted by WarenBufet > 2016-04-22 11:28 | Report Abuse

Even after the botched Doha meeting and Saudi Arabia, Russia & Iran hinting that they could increase production, the strengthening of Brent crude oil prices is still resilient, as according to TheStar: Oil prices set for one of the biggest weekly rises in 2016 with Brent at USD45 per barrel.
Furthermore, according to Sona circulars, Stag crude fetches a premium to the Brent.

akhan1717

64 posts

Posted by akhan1717 > 2016-04-22 11:37 | Report Abuse

GUYS..COME VOTING DAY NEXT WEEK..VOTE YES..SONA...LIKE A DIAMOND IN THE SKY.....

ab55

77 posts

Posted by ab55 > 2016-04-22 11:51 | Report Abuse

Setuju........... Tuesday 26th April D-Day, come together to clear the sky get the shining of the diamond

callme777

1,586 posts

Posted by callme777 > 2016-04-22 11:53 | Report Abuse

Ya Ya. All vote yes! Pls vote yes! Pls

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