in summary : upon qa approval ( 80 mil will be disperse out ) 1. Situation a - where shareholders who voted No , but qa pass through, these shareholders shares will be bought using this 80 mil , at the price discussed with shareholders and the management .
2, If the amount of shareholders voted No is lesser than 60 mil , their shares will be bought back and the balance will be disperse to mother shareholders as one time dividen .
3. and lastly , if no one voted NO , all the 80 mil will be used as one time dividen to shareholders - which accumulating to 20 % return based on IPO price .
so what it means is , the SONA management will use the 80 mil to buy back the shares of those who voted no , but if no one did , they will get the money back .
Also if these shareholders voted NO tomorrow , the money they invested only will be returned to them next year, whereas it makes more sense for the investors to vote yes and fuck off after taking the dividend and sell their shares instead.
also if im not mistaken , the salamander's production cost is estimated RM 30 per barell , so based on this - SONA buy over will immediately earn $$ .
Buying the oil field now is absolutely the best time now - cos if you look over 2 - 3 years when the oil price rebound back to it's usual price - the earnings will be quadraple .
Ultimately , this is a gamble , I look at the situation I imagine , based on this situation what will i do as an investor - I believe how i feel is how other investors feel thus went on buying spree .
but also bear in mind there are also those who likes to enjoy torturing ppl for the fun of it. its inevitable of course. there are good n bad ppl alike.
so just be mindful of your own choices n understand the risks taken. there is no right or wrong.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bryan90
288 posts
Posted by bryan90 > 2016-04-14 08:33 | Report Abuse
Hope the share can fly later . Haha.