Mister bone, please pray very hard for Bornoil to fail but u will not succeed. Have u use limestone and marbles before? How much are marble tiles sold for psft? Do u know?

Wow! did I made up the facts? Is bone or Tan Sri Lau owning majority of the shares? Are the assets worthless? Does the company making losses? Catalysts are fakes? Then what are those vehicles, mining machinery and quarry staff are doing in the quarry lands? Eating maggi mee? lol Hmmm....

Bornoil is not suitable for weak holders. Best u just sell it if u are not interested. Simple as that ya. Be relevant to the discussion of the company and not personal nonsense.

The much awaited catalyst is its limestone division and the public perception will turn to very bullish once the earnings visibility becomes more quantifiable and clearer. To get clarity on that matter, we'll have to wait for more official in-depth details from the company. Despite all that waiting efforts, the valuable limestone quarry assets are sealed in official agreement and pending smooth active operations. I've mentioned about it yesterday that the valuation of the limestone reserves is recorded to be worth RM 1.11117 billions under 60 years sublease mining agreement with the 2 vendors. Paid $1 for a $11.1 limestone reserves is a pretty darn good deal. How many more of such assets can be found & for sale in the country?

ryan8814, the forum is filled with stubborn people and we're dealing with some of them here. The public will judge on what they bark, so don't worry. Multiple accounts being used by one of these troublemakers have shown their idiotic behavior.

"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher

Good morning! ryan8814, I like particularly ur comment on Hapseng. Not even a single doubt that Bornoil is a monopolistic giant company in the making. Those naysayers gave their best shots with their nonsense. The public can differentiate who are genuine with accurate info.

Onglai88, does any other companies have limestone quarries with unique & highly prized Borneo marbles? The easiest & best way to increase a residence's exclusivity & values is using marble tiles. Have u ever use marble tiles in ur own residence or any of ur investment properties?

I appreciate the gratitude from genuine commentators who appreciate even how small my input might be seen. The importance is we must be sincere, truthful & generous with useful info so that everyone could understand Bornoil better.

To those naysayers, Bornoil is transitioning into a limestone mining giant which is 70+% owned by Hapseng's boss and the newly purchased quarry lands have been assessed & valued to having RM 1.11117 billions of limestone reserves under 60 years sublease mining operations. Does a company like Bornoil needs to hire promoters? Tan Sri Lau & Hapseng group are cornerstone shareholders so they dont need u to push up share price but we just wait for major corporate exercises prior to setting up of the integrated cement plant.

The limestone quarry lands only represent approximately 20+% of its NTA and most of the rest 70+% of its land assets are yet to be revalued after so many years so they stand for more revaluation gains. Am I hard selling Bornoil? Maybe! but I do it out of valid optimism & exciting prospects ahead.

Today another hefty SBB with 23 million shares purchased http://www.bursamalaysia.com/market/listed-companies/company-announcements/5568365

Now our company has 39,900,000 treasury shares. A nice value creations for shareholders :)

If amateur or non-professional gold spot trader able to axe very profitable XAU trades, how bad can Bornoil's gold spot trading team perform? At the time of writing, XAU reaching $1289 now.

I hope u understand that the actual set up & issuance of such company warrants from the beginning are intentionally to be monetized in stages for corporate uses.

In the event of corporate proposals that involve fund-raising and rewarding shareholders at the same time, the rest of the warrants may be utilized so that it can be awarded to holders of mother shares (MS). Don't u think MS has an edge over its warrants besides gearing's sake?

Lk036, the limestone quarry is undergoing extensive earthworks and there will be major corporate exercises pending for the integrated cement plant in the pipeline. Be patience and wait for the official announcement.

As for the trading of XAU gold spot contracts, it has since being recorded as "fair value gains" reflected as profit/loss instead of being recognized as revenues. This is one of the reason, that the profit margin is seen to be higher than usual.

How much was the price of gold, bitcoin, hapseng shares long ago? How much is Bornoil now and later? If Bornoil is an empty shell or loss making company then u can just throw it's shares away. So lesson is to have great patience if u want to increase your wealth in multiple folds.

bone, I don't need people to buy to support. I'm comfortable enough to uncover this hidden gem to the public.

Chan9301, I like ur comment on hapseng. No one thought it could reach to RM 9+. Tan Sri Lau & group is very resourceful.

Have u even scrutinise the limestone quarry land deal? It's an eye opening opportunity so rare that landowners are charging extra RM 150 for each block of limestone extracted. Have u even visited any of such land fields?

bone, despite ur awful attacks I stood by what I believe & foresee is going to be materialized soon therefore one must have great patience. I accept different views & after all we're just humans. I'll only agree with the critics on Bornoil if the company is doing nothing for the progress to attain the major catalyst.

The bony one is in distress & frustrated. Just excuse his rudeness. Besides IQ and EQ, one must have LQ too.

Please focus on making money instead of complaining. Good luck to your frustration lol

XAU spot price shot up to 1287 :) slow & steady wins the race

Don't worry about me & focus on your own problems. Just keep your frustration within your own circle. Tq

2 things. Does the company making any losses each quarter? Share price is still undervalued based on the "valuable assets" that it owns.

Whether u buy or not, it's none of my business and I'm certainly won't be asking u personal questions. By asking that kind of unrelated questions, u are being irrelevant to the discussion. Best is u keep frustration to yourself. Tq

Share price is cheap and undervalued. What is ur problem anyway?

I invest strongly based on real fundamentals. It's pretty easy for u bone, if u are not interested u could simply walk away.

bone, you're bitching about it for what reason and purpose? lol

I do not wish to be labelled as being heavily promoting Bornoil but my main intention is to help the public to understand that Bornoil is in the transition to restructure itself being transformed into a major MARBLE BLOCKS/TILES producer, CEMENT producer & LIMESTONE-related CLINKER material supplier in the BIMP-EAGA region.

Some commentators here doubted if Bornoil could deliver what it was intended. It paid approximately RM 100.582 millions to acquire parcels of limestone quarry lands with proven reserves is a remarkable acquisition. This is something u as a shareholder should feel very proud and safe with such opportunistic acquisition.

Lands with LIMESTONE in Sabah are seriously RARE and SCARCE. A lot of those lands with limestone reserves are located in the untouchable forest reserves controlled by the Sabah state government. If u do not understand how RARE, SCARCE & VALUABLE is LIMESTONE lands are then let me remind u that the 2 vendors of the limestone quarry lands requested Bornoil to pay RM 150 per cubic meter of limestone blocks extracted from the said lands. That is extra on top of subleasing the rights to Bornoil so more money will flow to the vendors because they know limestone is so such a valuable resource.

Let's take a look at the details of the land acquisition deals being made with the 2 vendors. Since all the limestone quarry lands are NT titled whereby only Bumiputra can own them forever, buy & sell then the only way is to use a company entity to acquire by means of "sublease" usually 30 years plus another 30 yrs and so on. Bornoil will lease 30 years from the 2 vendors plus another 30 years extension. The interesting part is the valuation of the limestone reserves as the following:

1) The "earlier sublease" the first 30 years sublease with the reserves being valued at RM 183,599,000.

2) The "extension sublease" the next 30 years sublease with limestone reserves valued at RM 927,571,000.


One of the reason why is the valuation for the "extension sublease" to be valued at 5 times higher than the first 30 years is due to the reason that more extensive earthworks will have to be carried out initially and mining facilities will have to be developed in stages. As the mining operation proceeds deeper into the layering earth cores that's also where most of the limestone reserves formed over millions of years are located, it's almost purely extraction at its best in the later stages.

Now sums up the valuation of limestone reserves totaled to be RM 1,111,170,000 that's a RM 1.11117 billion of reserves "assessed" and "valued". Bornoil paid RM 100.582 to get the valuable limestone reserves

RM 1,111,170,000 (valued limestone reserves)
divided by
RM 100,582,000 (purchase price)
equals to
= 11.04

So Bornoil paid RM 1.00 to get RM 11.04 is insanely profitable. Without even going into the details of estimating the "capital expenditures" to develop the mining quarry and "operation costs", it's generally known to be extremely profitable.

The price of cement may be regulated & controlled but not limestone marble blocks/tiles which could command premium pricing in the international markets. Cement is based on VOLUME aspects while precious marble blocks/tiles are based on QUALITY aspects.

Insecurity is a byproduct of being overly emotional. If u couldn't keep your own emotional feelings contained then u won't go far in your investment journey let alone reaping anything along the way. So to the "bony" one, what does my entry price has got to do with Bornoil? That is an irrelevant question in the first place. Keep the discussion intact with Bornoil related only. The shares buyback (SBB) is progressing well daily with 16.9 millions shares retained in treasury units http://www.bursamalaysia.com/market/listed-companies/company-announcements/5567009 . Each time SBB is announced, it's increasing shareholders' values and slowly making it more attractive to accumulate its shares. The question u should be asking is how much the company is buying through SBB whereby the treasury shares will be cancelled eventually based on Bornoil's past actions http://www.investopedia.com/terms/t/treasurystock.asp . The XAU gold spot price has rebounded from 1260 to current 1283 so I believe Bornoil's gold spot trading team is making some more fair value gains again.

Bone, either TA or FA u will still reap what u sow now. The low price will still give u an upper hand. Ignore the noises and focus on your "purchase entries". I'm confident with bargain values. Most profitable investment is achieved through bargaining entries. U must practice good patience & strategic purchase if u want to win big.

Different views are acceptable. Remember from this price onward how you're reaping good gains. Tq

@Jusloh, glad that most info would be beneficial to u.

@bone, any lower price is value creations. Fundamental stock like this is worth to accumulate since earnings upgrade from major catalyst is yet to be re-evaluated.

@Dennis, please don't gamble contra. U will be safe.

Snapping up shares @.095 :)

Its undervaluation is still deserving those who seek value buys

The upcoming Budget2018 to be tabled on 27-Oct should bodes well for Bornoil since its grand plan to set up "Sabah's ONE & ONLY Integrated cement plant" in the east coast in the coming months by next year. Its LIMESTONE division is the ultimate fundamental game changer not only for the company but also the state. Most are expecting the Budget2018 to benefit construction sector building infrastructures such as the Pan Borneo Highway among others. The affordable housing sector in Sabah will benefit from allocations by the state & federal governments which is in dire need for locally produced cement for affordable housing projects.

I've ground information that many state lands & privately held lands in the east coast have been gazetted for PPR housing. Some of these lands have already been prepared even with tarmac roads & drainage systems readied. Witnessed some of these lands myself. Good patience always pays off well in the end.

LIMESTONE is much more rare than TIMBER. Wood trees can be grown but not limestone which took millions of years to form.

The main share base stood at 4,672,994,892 issued shares at the latest reported figure as of today. It's a common knowledge that Bornoil's share base is huge and one of the largest in Bursa. The difference between Bornoil and those others with huge share base is that Bornoil remains to be profitable at each quarter and that shows the kind of commitment that the management has & it intends to keep it that way. Look for the patterns on how they maintain sustainable earnings and increase shareholders' values since the FY2013 started. That was also the first fiscal year after Victoria Capital (Tan Sri Lau) had been accumulating stakes in Bornoil.

Shares buyback definitely benefits Bornoil shareholders when they finally cancelled the purchased shares stored as treasury shares in the balance sheet. Ever since Victoria Capital gave its first "Notice of Interest" dated on 23-Oct-2012, there were substantial amount of shares being purchased by the company & resale (shares cancelled) in 3 main periods of time (June-2014, Jan-2015, March-2017).

With the current cash holdings and consistently profitable earnings per quarter, it's noteworthy to see how much shares would be purchased before they are to be cancelled again most likely by next year.

If u check through the insider transactions history, ever since Victoria Capital bought into Bornoil at the end of year 2012, NONE OF THE DIRECTORS have ever sold their shares at all. If they know the shares that they received through ESOS or privately purchased are worth more than the current values, that is the sole reason that they do not sell any of it at all. As I said, the LIMESTONE division is the CROWN OF THE JEWELS within the company. The limestone division is the ultimate core business of Bornoil. Highly Valuable MARBLE blocks, Clinker, Cements...! Strong MOAT factors.

Bahvest will have to spend a lot of money and time to be able to find its gold nuggets. I suggest to stay away from this one.

Jewelers will continue to have better earnings with the weakening Ringgit.

I believe Pohkong will still be able to earn more in the coming quarters since the Ringgit is still depreciating in the near term towards GE14.

Besides that, it will be more helpful to everybody if anyone have any research findings to share out rather than chanting babbles everyday. Fill the forum spaces with useful and meaningful info.

If u know why u buy into Bornoil and what is coming then u have nothing to worry about. Simply ignore naysayers will suffice and occasionally u would've to correct their misleading accusations.

In Q2, its XAU Gold Spot trading recorded a RM 3.84 millions gain out of its RM 4.051 millions PAT. That gain represents a whopping 94.79% of total net profits for the quarter. Kindly look at the below statement from the Q2 report:

"Included in the Other Income was a fair value gain of RM 3.84 million from the trading of gold spot contracts."

The XAU Gold Spot contracts trading division is still making a lot of profits every quarter. That is my main reason for scrutinizing this particular division and not the fast food franchise business. The only game changer will be its limestone division that will enable it to rake in a lot more forward earnings so keep an eye on that.

Nothing new. Btw, I hope others could share some useful info than constant babbles here? That will be more appreciated. Tq

Good patience always pays off wonderfully. While we're waiting, enjoy life and do things that u like daily. Until that moment comes, u will feel grateful holding this rare gem at low price.

How many companies in Bursa are truly involved in gold & limestone mining especially the LIMESTONE MINING? Any real competitors? Answer is none. Only few people could really understand that Bornoil's limestone division is the ultimate core business that Tan Sri Lau and family plus Hapseng are really interested and they wish to float/list their version of the cement arm separately from Hapseng Consolidated. This is evidently seen in similar case as YTL Cement being privatized many years ago. BORNOIL will be the FLAGSHIP CEMENT ARM of Hapseng Consolidated (interrelated ownership) or entirely separate & directly by Tan Sri Lau's own investment holding vehicles such as Victoria Capital, Gek Poh Holdings, etc. It's the reason why Tan Sri & parties is holding in excess of 70% stakes in Bornoil and fiercely supporting it by pumping private capitals from their own investment vehicles into Bornoil since 2012.

Churning whole milk into butter. My toaster is ready with just a slice of bread :)

If u bought & still buying it without doing extensive homework, u are simply gambling not investing. So which are u?

prettylife, the price is being suppressed so that certain parties can collect cheaply before share price is brought to another rally. Please observe if u don't believe. Tq

Buy when it's still cheap. When major corporate exercise is announced, it will not be few ten cents or so. Don't whine like a kid when it shoots up & be grateful now u can still see it's cheap.

In the face of the unsurprising numbers, its Q2 still able to deliver healthy profits at RM 4.051 millions out of RM 19.408 millions revenues with commendable overall net profit margins at 20.87%.

Despite the Fast Food (FF) division having closed 3 Sugarbun & 2 Pezzo branches, the division's Q-o-Q has actually improved revenues (+3.63%), net profits (+6.92%) & surprisingly its net profit margin (Q1: 5.74% and Q2: 5.92%). This is a surprise with lesser branches & since they didn't elaborate much on the improvement, I believe they achieved better cost management and operating efficiency.

The bulk of the profits still come from its mighty Mining & Energy (ME) division and basically this is their main core business still delivering a shockingly robust 61.17% net profit margins in Q2 with RM 4.215 millions profits and bulk of this amount, RM 3.84 millions was contributed by its Gold spot contracts trading gains categorized under "Other Income".

I'm still wondering when is its limestone division going to contribute more actively since in its Q1 it received limestone mining royalties amounting to RM 450k but none recorded results in Q2. However, I've seen that the last small portion RM598k remained in Q1 capex has finally been utilized entirely in Q2 totaling RM 18 millions on these items:

1) Purchase of plant and equipment for limestone mining operation: RM 10 millions
2) Working capital for limestone mining operation: RM 8 millions

From that capex progress, I believe in Q3 onward we might see the limestone division to contribute further.

Its NTA was revised from 0.20 to 0.14 and I'm not worried at all because Bornoil has a long list of valuable assets yet to be revalued. This remains as one of its weapon in its arsenal. Usually the company conduct asset revaluations in 2H (Q3 & Q4) of fiscal year in order to maintain the entire year's profitability using asset revaluation gains which it did just last year.

The disposable cash is recorded down to RM 17.626 millions in Q2 because most of the rest of cash holding goes into new Bank FD deposits and Gold spot contract purchases. FD stood at RM 16.547 millions so still totaling its cash at RM 34.173 millions.

Its Gold Spot Contracts now stood at Q2: RM 423,724,000 compared to Q1: RM 250,998,000. That is an increase of RM 172,726,000 to current holdings level.

Well, some begging to differ while others begging for something else. The obvious is there to be seen. Should we blame i3 for the flawed registration system allowing same IP to use multiple acc? I wonder why is that not being ever resolved.

The most important of all is that the info or discussion should be genuinely sincere and accurately backed with evidence or references in nature. Nevertheless, no one wants to scroll down a long list of useless babbles or even interactions that incite self satisfaction. Silence is the best reply to a fool but once it became an addiction, the misleading actions of such fool often knows no boundary.

Woodswater, it's important to stick to your own stance and beliefs. Not to mislead others. Talk is cheap. Tq

*Also please don't keep deleting your posts. Integrity is doing the right thing even when no one is watching.

Investing is a serious business unless u aren't serious enough to take responsibility. If u have done extensive homework before committing then your doubts should be minimized and so does your risks tolerance. Patience is a must in any kind of investments because u should not be gambling. Anyway, we'll see how the Q2 performs.

Woodswater, then u must be suffering unrealized losses for 2 straight years even until now. Why did u buy in the first place? Sugarbun? lol Holding onto a stock for 2 years means nothing at all and it certainly means that's bad experience because ur investments or trades do not perform at all. U should learn to invest based on fundamentals & most importantly do an extensive homeworks first before u commit.

Dennis, the company has substantial amount of cash at RM 46,669,000 with little debts at RM 773,000 and still with healthy cashflow but I don't believe they would use it to reward shareholders at this point since it still need more capitals to embark on its mission to set up that main catalyst "Integrated Cement Plant (ICP)" by next year end as mentioned already by executive director Raymond Teo Kiew Leong.

You were mentioning FD earns better? One uptick of the share price movement of Bornoil yielded u a net 4.54% after all expenses. Two upticks of it from 0.10 to 0.11 would have yielded u 9.52% net. Not to mention it doesn't require a long period of waiting time for FD and ur capitals being locked up with FD. Invested sum in stocks can be freed anytime. Which is better?