| KLSE : SONA || || SONA PETROLEUM BERHAD |
|Last Price ||Today's Change || Day's Range || Trading Volume |
|0.475 || 0.00 (0.00%) || 0.00 - 0.00 || 0 |
|Avg Volume (4 weeks):||3,678,935|
|4 Weeks Range:||0.46 - 0.48|
|52 Weeks Range:||0.425 - 0.48|
|Average Price Target:||0.53|
|Price Target Upside/Downside:||+0.055|
| View Price Target Detail |
TheContrarian Was an injunction filed? Wasn't aware.
TheContrarian I thought only notice to appear on petition filed.
DK66 Yes, only notice to appear with intention to prevent the granting of winding up petition.
DK66 Sona is a company with limited lifetime. The time has expired and the company has not applied for extension. Hence, the company is no longer a going concern entity and is unable to generate income. What good is it to the creditor to prevent the winding up ? It would only be meaningful if the company could generate future income. In fact, it is against the interests of the creditors to drag on as expenses will drain whatever is left in the company.
TheContrarian The judge should throw out the objection and grant the approval for winding up.
Kareemabduljabbar SONA Independent Directors better look at the other SPAC AGM and take note. Your Director's Fees not safe anymore. Quickly reclassify as Allowances. If for whatever reason SONA still listed and NOT under liquidator by June 2017 we have another AGM and your Fees may be claimed back. Inshallah a quick liquidation.
TheContrarian Sona's situation is different from Cliq. Sona directors all want the Company liquidated.
najid Sona's management is purely inept of handling almost anything. From the beginning until the end...
rohank71 Cash payment expected in end October. Can anyone confirm?
TheContrarian Court decision due on 15 September.
Kareemabduljabbar I was told that even if the Court decides on the Liquidation order on 15 Sept, that this can be appealed by the Creditor and they can also file a stay on the Liquidation. Anyone who is a lawyer and / or Liquidator, can you please advice ?
callme777 Yes you are right. Appeal to two higher courts. Can drag another year
Kareemabduljabbar OMG if drag on another year the shareholders may decide to not approve the Directors Fees at next AGM like what happened to the other spac. Better selesai with the Singapore Indian Super Maniam. Small number only lah for Super Maniam and also the actual creditor.
jetchew when can return my money back??
2016v if the amount disputed is small, might as well pay or settle out of court and get yr money back this year than 1 year later.
administration cost and salaries incurred already more than amount disputed
Ae Doh SPAC had proven be one of the platform that cheat people like us through their respective board of directors, as of now only Hibiscus Petroleum that has been 'successful' in geeting out to do some stupid oil assets acquisition that resulted in poor performance before and after crude oil price crisis! Thrust and honest are hard to come buy anymore these days when money is becoming personal objective. Thank you
Tawan Wannapaeree when and how much per share for us suppose to pay us.
Who know well pls.tell us. Thanks
Tan Toh Fei i wander who set the target price, this is a weak counter that shldn't involve as well.
DK66 Anyone knows the outcome of the hearing today ?
rohank71 closing at 46.5 sen. whats the outcome of court hearing?
callme777 Case apparently postpone. Delay again. Maybe june next year
2016v directors and those few employees can shake legs and get their salary until liquidation - nothing much to do, can clock in at noon & clock out at 1pm
office rented still spacious and at KLCC? legal fees clocking up over the time.
DK66 Why the results of the court hearing not announced ? It should announce the results promptly for the benefit of everyone not just the few who has knowledge. Share price crawling up...... should be good news.
TheContrarian Around 47.89 sen representing 97% of the trust money will be distributed by November. Balance 3% after deduction of tax and direct distribution expenses will be distributed after tax clearance.
2016v don't make sense why the balance 3% is paid within 2 yrs, within 6 months is more reasonable or within July next year, a year from tko date
TheContrarian Because our Inland Revenue is very slow in giving tax clearance.
MuttonCurry Got 1 week left to make decision b4 kedai tutup 4 good.
luilai Suspension on trading
2016v last chance for yield investors to buy
rohank71 still can make money?
ktsk88 the 97% refund works out to 0.4938 sen and based on today 0.47sen.......can make money too.
Balance 3% after tax clearance..
ktsk88 The creditor Law Asia already retracts their claims and no further claims can be filed against Sona in the future so case is close for good.
The 97% payout amounting to 0.4938 sen with remaining 3% later.
So anyone buying is still making money consider now only 0.47sen..............or 5% returns in less than a year better than FD rate.
jasonor i sold my few lots of sona few months ago at 0.465, been holding since ipo. was hopping tht the QA will be approved because oil at a very low price. few years later when oil rise back sona will gain big. but big shareholders decides to vote no to QA. what can a bilis investor like me do?
seanchin Sona so-called leader and management team: Andreas, Msc in Mech. Eng; Hadian, B. Chem. Eng; Maznah, MBA (Finance); Myo, B. Elec. Eng.; Anton, M. Mech. Eng & M. Edu in Buss. & Acc.; Mohamed Sabri, B. Petroleum Eng.; Mohamed Khadar, ???; Akbar Tajudin, M. Petroleum Eng.; Saw, BSc. Chemistry; Andria, BSc. Geology; Tan, PhD. Petroleum Eng.; Sakthi Kumar, MBA (Corp Fin.). http://www.sonapetroleum.com/our-people.html
2016v all SPACs will fail in low oil price environment, whatever the qualification & experience make nice wallpapers
2016v Stag Field sold to Canadian oil co for USD10 million. LOL
faizkl My stock broker informed that the company will pay RM0.4938. Why haven't the share price rise to RM0.49? Or they are waiting last minute to buy?
learner1234 Sona sona...one of my former colleague is on the board...
callme777 2 more days.... Bye bye
TheContrarian Sold off all my Sona @ 47.5 sen and bought into Red Sena @ 40.5 sen.
callme777 Finally this shit is over soon
TheContrarian Good bye Sona and thanks for the almost 20% gain.
speakup SONA will always have a special place in my heart. speakup made a big RM40k profit from SONA.
ruslimz me too.....I am one of those it's IPO investors......I got a big MITI allocations when not many people intrested with it's IPO. I made the biggest ever profit out of this sona since I started playing saham more than 30 years ago. SONA will be always in my mind.....adios......