Highlights
KLSE : SONA       SONA PETROLEUM BERHAD
Last Price Today's Change   Day's Range   Trading Volume
0.45   0.00 (0.00%)  0.445 - 0.45  865,000
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Overview

Board:Main Market
Sector:SPAC
Avg Volume (4 weeks):1,939,956
4 Weeks Range:0.435 - 0.45
52 Weeks Range:0.415 - 0.475
Average Price Target:-

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  35 people like this.
 
callme777 Over priced by rm120mil
13/02/2016 15:02
riaz Not true over price by rm 120 million
13/02/2016 15:57
Gemmie Kiritp QA approval For SONA PETROLEUM BERHAD

is grow up
13/02/2016 18:18
CLIQmanagement to get the EGM pass, those real beneficiary need to push up the price for all shareholders to happy and agree
13/02/2016 18:38
jack2 true, just common sense if reject QA can get refund of 47cts

the share price must be above 47cts for shareholders to support the QA during EGM or else just sell the share at market price. They need 75% shareholders support

if share price remain 45cts, many shareholders may just reject the QA and get 47cts refund

I think Hadi is not an idiot, shud understand the basic market common sense
13/02/2016 23:00
callme777 Riaz read la.... Don't just comment. Read the news. They saying overpaid rm120mil
13/02/2016 23:29
riaz Callme 777: in which report that said they are 120 million overpaid?
14/02/2016 08:32
jack2 its not over paid, it is over priced !!, they haven't paid a single cent yet.

now, still negotiating to lower the purchase price - buyer is desperate to buy due to time constraint while seller is desperate to sell for cashflow purpose - both side pandai pandai to compromised on the pricing lor

In any sales and purchase of business, surely there is a premium over the net asset value of the company, in this case oil field, not much info was given on the over priced value and methodology to calculate over valuation. this is the issue when oil price is low, but when oil price appreciate, I bet the sellers will said the same thing - under priced. LOL
14/02/2016 09:18
cricketlast Just remember that once the qa is approved, warrants can also start to be converted. Potential dilution effect to those shareholders who do not hold any warrants.

Warrant holders would want the QA to be approved. Without QA, their warrants would be worthless..

You can refer to Cliq warrant. Now RM0.005.
14/02/2016 09:46
coolinvestor Warrants are normally issued to existing shareholders as a bonus free money or to rights holders as an incentive. Plus it's normally an additional way to trade on the company.

Becoz it's normally way cheaper than the mothershare, it's normally speculated heavily by traders. Bear in mind becoz it's cheap like penny stocks the potential to gain more in profits are greater compared to buying the mothershare.

Unless it's expiring on the same year u will see heavy betting just becoz it's cheap.
Hence normally ppl will trade it becoz it's cheap to make a good profit and not to buy to convert to mothershare. This is because u will need to fork out cash to convert, here 35c per warrant.

The only reason why u will want to convert is becoz u wanna increase your shareholding in the company n to take control?

Not many ppl understands this. Any other uses for warrants?
14/02/2016 13:02


 

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