Posted by sudahkena > 2016-04-22 11:55 | Report Abuse

if approve on 26..let have coffee together. .celebrate

Posted by WarenBufet > 2016-04-22 11:55 | Report Abuse

As an investor that look for emerging trends, and with a reasonably low entry price for Stag oilfield, investing through upstream O&G co like Sona allows me to take advantage of any long-term bullish Brent oil price trends.

Posted by pinky5 > 2016-04-22 11:57 | Report Abuse

itu sona, diamond in the rough

bila QA 26/4 lulus, tengok wayang ya

Posted by Vjean > 2016-04-22 12:04 | Report Abuse

yes..i will vote yes too, see you guys!

Posted by ab55 > 2016-04-22 12:11 | Report Abuse

Yes...... All ikan bilis will vote yes, then we kena teh tarik.....

Posted by bigbigboss > 2016-04-22 12:14 | Report Abuse

if buy today can go to vote ?

Posted by WarenBufet > 2016-04-22 12:17 | Report Abuse

MIDF Research report, the DCF valuation for Sona is RM0.53/share.
My observation is that I believe the DCF 53sen valuation is arrived after the 8sen capital repayment is made.
Furthermore the current Brent oil price + Stag premium is approaching MIDF's assumption for 2017 oil price of USD50 per barrel.

Posted by WarenBufet > 2016-04-22 12:30 | Report Abuse

MIDF Research report, the PBV valuation for Sona is RM0.56/share.
This PBV of 56 sen is arrived by MIDF using the average PBV ratio of 1.8x from the sample of 34 O&G companies world-wide, and includes those with high debts.
If we exclude those with high debts, I trust that the average PBV ratio can be higher than 1.8x. Since Sona is debt free, the PBV valuation for Sona can also be higher than 56sen per share

Posted by coolinvestor > 2016-04-22 12:46 | Report Abuse

this midf report i believe came out too slow. should have come out last week.

however there are compelling arguements to the share price.

BUT....the markets seems to be tidak apa on this stock.

nothing can be done except wait for the QA result

Posted by coolinvestor > 2016-04-22 12:46 | Report Abuse

ruslimz i already become belacan dy hahaha. now see if can be ikan bilis back

Posted by ruslimz > 2016-04-22 12:49 | Report Abuse

these ikan bilis will be finally caught....send to Penang buat belachan....send to Kelantan buat budu....

Posted by phlau09 > 2016-04-22 12:49 | Report Abuse

Mr WarrenBuffet, was there official announcement/notification that those who purchase sona shares after 20 April 2016 cannot vote at EGM?

Posted by phlau09 > 2016-04-22 13:14 | Report Abuse

so these people who bought SONA after 20 April 2016 is automatically considered as yes or No votes? Can they not request for shares repurchase?

Posted by WarenBufet > 2016-04-22 13:58 | Report Abuse

phlau09, you can refer to Sona's bursa announcement dated 13 Apr 2016:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5057813
and it relates to the RoD on 20 Apr 2016 as to who can vote at EGM on 26 Apr 2016.
For other questions, you should refer to Sona or their share registrar.

Posted by WarenBufet > 2016-04-22 14:18 | Report Abuse

RHB Research, the DCF valuation Best case RM0.80 per share, Base case RM0.48 per share
Fig. 7 Sensitivity analysis Crude oil (USD/bbl) DCF
FY16 FY17 Long term TP (MYR)
Best case 50 70 80 0.80
Base case 37.5 45 60 0.48
Worst case 37.5 35 35 0.05
When compared to current Brent + Stag premium, there is a strong case for the DCF Best case 80sen per share valuation

Posted by stockmanmy > 2016-04-22 14:24 | Report Abuse

goodbye Sona.

its the beginning of the end.

Posted by hpcp > 2016-04-22 14:25 | Report Abuse

Analysts can say the fair value is 56sen, 80 sen whatever. But from the share price, it clearly tells that market does not buy the story

Posted by sheep > 2016-04-22 14:28 | Report Abuse

better sell. money get trapped like cliq for at least one year. take money buy aa/aax/aax wa

Posted by callme777 > 2016-04-22 14:36 | Report Abuse

Buy buy buy! Say yes to QA

Posted by lly316 > 2016-04-22 14:37 | Report Abuse

If pass thru, when is the ex date for the 8sen capital repayment?

Posted by sudahkena > 2016-04-22 14:39 | Report Abuse

monitor closely wa.. since ths morning someone sell at big lot.. I guess someone get free from ipo now vote no.. so they sell wa earlier. .. I hope I wrong...

Posted by sudahkena > 2016-04-22 14:43 | Report Abuse

so someone need to mgt during egm.. either they will take same step with cliq mgt if qa fail...

Posted by sudahkena > 2016-04-22 14:45 | Report Abuse

see.. 179k unit wa at 0.035... repeat n repeat...wow

Posted by sudahkena > 2016-04-22 14:47 | Report Abuse

0.03 now.. I guess the big player already know rhe result

Posted by sudahkena > 2016-04-22 14:50 | Report Abuse

wa holder have life until july...now so panic

Posted by ktsk88 > 2016-04-22 14:54 | Report Abuse

remember, that the mother price 44 sen after repayment will be adjusted to 36 sen. if the conversion of warrant is 30sen, the warrant should traded at 6 sen the maximum but not the case now........there is discount now. So if this few days there is huge buying of warrants.....it could signal the QA is gonna go thru and ppl buying to made on the warrant later after conversion.

Baring those valuation from RHB/MIDF.......the mother will go up if the QA is pass after 26th.

Fingers crossed.

Posted by lly316 > 2016-04-22 14:56 | Report Abuse

waw..within 10mins buy up the big selling of wa

Posted by ktsk88 > 2016-04-22 14:57 | Report Abuse

volume spiked up from 39 mil to 73 mil in just few minutes.......someone falsely spread bad news to grab the warrants at 3/3.5sen.

Posted by sudahkena > 2016-04-22 14:57 | Report Abuse

yup.. snother side take all 0.035 only a few minute

Posted by sudahkena > 2016-04-22 14:58 | Report Abuse

tht why ths is 50-50 game... first time minority have power if combine shareholding.

Posted by Vjean > 2016-04-22 14:59 | Report Abuse

Got big player collecting wa while people panic selling.

Posted by phlau09 > 2016-04-22 15:01 | Report Abuse

Huhh, seems like very unclear as to the rights of those who bought SONA after 20 April.

Posted by phlau09 > 2016-04-22 15:07 | Report Abuse

Management gets their free 20% only if QA passed. That is why Cliq goes to court to challenge to try get their free 20%, and delay the return of money to the rightful investors! Very unfair to the investors.They (best oracle) should not file for judicial review, just like they are not allowed to vote.

Posted by ab55 > 2016-04-22 15:14 | Report Abuse

Good indication, panic selling created being absorved within a few seconds...

Posted by callme777 > 2016-04-22 15:19 | Report Abuse

Panic selling? Lol. More like someone know the bad news dy

Posted by Vjean > 2016-04-22 15:20 | Report Abuse

more people sell, more people want to buy, different people, different thinking and different rumor. But I have confident to say, QA will pass.

Posted by ab55 > 2016-04-22 15:23 | Report Abuse

Buy buy wa agreed with vjean qa will pass

Posted by connect1 > 2016-04-22 15:27 | Report Abuse

the selling will scared the shitss out of the naysayers

hehe

Posted by sudahkena > 2016-04-22 15:30 | Report Abuse

egm will be interesting

Posted by ruslimz > 2016-04-22 15:42 | Report Abuse

points to 0.005

Posted by WarenBufet > 2016-04-22 15:46 | Report Abuse

From Sona's circular, proxy forms can be submitted the latest by 'not less than 48 hours before the date and time fixed for the Adjourned EGM i.e. before 10.00 a.m. on 24 April 2016' at Sona's registered office Menara Prima Tower B. Unless majority have submitted, Sona's Mgmt will know the proxy's voting by Sun/Mon

Posted by ktsk88 > 2016-04-22 15:56 | Report Abuse

so Monday is the indication...............watch out warrants and mother.......

Posted by Vjean > 2016-04-22 16:10 | Report Abuse

Yes， the latest by 22th April, not today, those who not sure please read through before make any statement here.

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

SONA Management been calling investors. They know already who vote yes and who vote no. Why you think Warrant high volume today. Deal now is dead. Pls vote YES if you want to save deal. Else sell your warrants. Those who want 10-11 pct yield buy mother.

Posted by callme777 > 2016-04-22 16:21 | Report Abuse

And now, the end is near.... And so I face, the final curtain.... Bye bye sona

Posted by coolinvestor > 2016-04-22 16:38 | Report Abuse

Lol. So much longing on a stock. If it fails cant be help lo.

If it passes even better.

We will not know until officially announced.

I am keeping some warrants as a pure gamble.

All the best ppl.

Posted by sudahkena > 2016-04-22 16:42 | Report Abuse

maybe there back door negotiations. . give wa at lower value n vote yess... maybe..who sell at big volume wa..n still got support..think2..

Posted by WarenBufet > 2016-04-22 16:47 | Report Abuse

Selling pressure of Sona-WA well absorbed with buyers continue to nimble.
Looking from the +ve view, if the QA is approved on 26 Apr 2016, the potential returns for these buyers will be tremendous.

Posted by cashflow > 2016-04-22 16:49 | Report Abuse

Entered 0.035, looking forward on positive note

Posted by sudahkena > 2016-04-22 16:51 | Report Abuse

if qa pass... can make films maa ini wa holders....