Highlights
KLSE : SONA       SONA PETROLEUM BERHAD
Last Price Today's Change   Day's Range   Trading Volume
0.45   0.00 (0.00%)  0.45 - 0.45  55,000
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Overview

Board:Main Market
Sector:SPAC
Avg Volume (4 weeks):2,843,405
4 Weeks Range:0.44 - 0.455
52 Weeks Range:0.415 - 0.475
Average Price Target:0.53
Price Target Upside/Downside:+0.08
View Price Target Detail

Headlines

Latest Headlines
26/04/2016  Sona fails to secure shareholders' support for QA acquisition - Sona 估计将难逃下市命运
21/04/2016  收購Stag油田後‧SONA石油合理價48仙
21/04/2016  Sona Petroleum - Acquisition In The Works
14/04/2016  Sona and the Prisoner's Dilemma
06/04/2016  AirAsia and Sona Petroleum Corporate Actions Highlight Minority Rights
06/04/2016  Sona石油的多方博弈 - 陈金阙
04/04/2016  生命有TAKE TWO
30/03/2016  SONA 石油出奇招‧陈金阙
29/03/2016  [转贴] 技术面 计算篇 —— SONA的最后收购 - Easy Wong
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  37 people like this.
 
TheContrarian At the moment the directors refuse to initiate any move to liquidate the Company because once liquidation is initiated the directors cannot pay remuneration to themselves.
24/05/2016 19:58
bigbigboss how much will pay out ?
26/05/2016 13:12
TheContrarian With additional FD interest pay out should be around 49 sen.
26/05/2016 22:10
Kareemabduljabbar Pls explain how you get 49 cts thank you.
27/05/2016 05:12
T1T4N WARRANT GAME OVER....
27/05/2016 11:13
TheContrarian As at 31 January 2016 cash in trust as announced in the EGM circular is 48.1 sen. Further FD interest @ 3.15% or higher until redemption will take it to around 49 sen
27/05/2016 14:32
Kareemabduljabbar I am assuming they start the liquidation process immediately at the 3 year anniversary and no lawsuits and counter law suits like some other SPAC. I also assume company is solvent and directors can sign the solvency statement. Likely get back 99 pct within 3 months and then 1 pct after 12 months. So assume 1st week Nov. FD for that size is closer to 3.60 pct which is taxable. You can do the maths yourself. I am also assuming that with the other SPAC becoming a legal mess, SC and Bursa put gentle pressure on SONA to liquidate sooner versus later.
28/05/2016 01:49
Kareemabduljabbar Keen to hear contrary views. Inshallah get money back faster.
28/05/2016 01:49
ktsk88 Cliq case hv been adjourned and drag on...................so you guys think it is easy to get back the money after 3rd anniversary year?......................i think from Cliq experience, Bursa should remove the 75% approval from shareholders instead given the biz approval to the BOD but making sure the QA is bought at fair value.

Can Bursa do a twist to the condition and keep Sona afloat and listed on Bursa.........to avoid all the messy tussle?.

Reach is another case coming up with Credit Suise accumulating to block the QA from getting approval.......................it is not fair for this bunch of idiots investors from disrupting the running of biz here.

Bursa, please remedies this shortcoming..................your reputation is at stake.............you suppose to protect the investor interest when comes to genuine biz.
28/05/2016 08:41
callme777 Do us all a favor la Sona mgnt , pls pay now
30/05/2016 04:10


 

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