Here comes the volume. Beautiful

02 Sep 2021 1,183,200 Acquired Direct Interest
CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (AMUNDI)

hopefully it's the former...because even bilis would choose mother share over wC at this price as valgrovest said. lets not forget today it's changing hands at 1.5c but last week 70M at 2.0c, when mother share 3.0c.....weird moves

psyhological level or charts...support is a moving number. now still appears to me its 37-38. major support would be last low where it bounced off sharply

only 2 possibilities...

if they are preparing for a pump to 7 or 10 cents, WC will make much more than mother shares. wC expiry still long way to go + if operators have control of price, WC is safe for them

or...they are doing a wayang show to lure in bilis like us lol and actually disposing WCs...

what do u think...

yes accumulating...or operators moving stock we dont know. fact is there was a huge buyer queue, seller cleared it, then buyer took out seller queue again. it's not that little money and not bilis move...

firesale below kamisah, brahmal, MRDIY price. Bilis win

the thing about a fundamentally strong company is you can ignore the noise and fluctuations, do nothing and wait for big gains

no news no breaking support or resistance

Another 32M WC changed hands...someone accumulating WC. Just in recent days almsot 10% of outstanding WC absorbed

Golden cross forming this week or next

This only means he is expecting to give u a positive surprise and nothing less. Gluck

Karim pulled an unusual stunt. We see large counters at least giving a date or telling investors we will delay. Even Karim's bro Minetech said something. But not Karim. Instead he went to the news to tell you it's business as usual and they are optimistic.

Putting ur credibility at stake pearlwhite, nice

pearlwhite .
SD QR coming out on 9/9/2021, Thursday.

Kpower QR coming out on 6/9/2021, Monday.

If Kpower doesn't materialise on time, then SD will accordingly be delayed.

.
04/09/2021 5:55 PM

@farmflyer well said
@SincereStock well said

@alenac if wanna trade/ play contra Bornoil really is sleeping. Like someone else here said can buy cannot sell lol. If cannot afford to lock up a part of portfolio in this counter, stay away. No one knows how long. But with the fundamentals, a gold story, and the very very very long play by the operators, the odds are in favour of a huge rise to the moon

@SincereStock MMC I will be eternally thankful to SM lol. Got stuck even before the pandemic, averaged down and then boooooommmmmmm. Swapped to Edgenta to DRB (support SM lol).

https://www.thestar.com.my/news/nation/2021/09/04/interstate-travel-sop-pending

Another thing...Bornoil has close to 10% in treasury shares. This is very rare across any counters. They can cancel them, distribute them, or sell them.

alenac What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA
04/09/2021 2:03 PM

Yes syndicates have full control. Add the 20% subscription by MQ and they have even higher control now. Very difficult for retailers to do anything. The bid spread is too wide.


Will188 One day can shoot 100mil transaction next day 1mil transaction u think u guys retailers so great? All control by operator. Don't be so naive.
04/09/2021 10:07 AM

You're like the other guy who keeps talking about high NOSH. That is really secondary. A 10-to-1 isn't a bad thing at this point. Bornoil is so heavy not only because of NOSH, it's the bid spread. 1 bid is 16% at this point, this discourages both buyers and sellers. You talked about fundamentals - precisely, if fundamentals in tact NOSH irrelevant

Will188 Sincerestock, u too sincere innocent. History tell all. That why ppl need study history and technical analysis. Fundamental tell all. Don't know go study. 2 years ago I also like u.. Don't give up. Pay attention to supply/demand. So many case company use retailer to finance expansion... At the end delisted/private. How low.. U really a fool. Do you know they can they can apply 10 shares to 1 once outstanding shares too high?
04/09/2021 10:06 AM

Many

Limestone/ marble mines. These are its largest assets now. Bulk of cash raised went into this segment. Off hand I recall close to 200M cash with guaranteed returns tied in. Clinker plant to be kicked off. All these are tied to the ongoing construction of Pan Borneo highway, which has been oft delayed. As I said before, they often get to recover bad detbs from this segment. There's credibiltiy in this segment. They claim a monopolistic position in the limestone/ clinker plant segment. They are currently short of efficient power supply and addressing logistics issue.

Gold mines. This has always been in play. Last Aug 2020 there was confirmation of gold reserves. May 2021 they bought up rights to the neighbouring gold mine. Also in cash.

For both above segment they require foreign labour/ professionals to come in. Pandemic disruption all on hold.

Fast food/ chili sauce. This drives revenue but has been losing money especially in the current environment. Not well run imho and the brand is quite dated. It's weak, any disposal in this segment is a major catalyst.

Biofraction plant sold for US5M paid in 166M OTC Verde shares. This is the source of this quarter's paper gains.

As you can see, not unlike other companies, Bornoil is also severely disrupted by covid lockdowns.

alenac What kind of prospect does this counter have? Must be a no brainer strategy of "buy low sell high". Just shooting into the dark and waiting and hoping to target a profit, probably a long wait.

Posted by SincereStock > Sep 4, 2021 1:55 PM | Report Abuse

as for this counter, forget about the pass history, talk only about current price, current fundamental, current prospect and current NTA
04/09/2021 2:03 PM

You're quite right. It's very hard to go below 2.5c because there are simply no sellers. However history can be a reference - you can cut off at the time Hap Seng entered via the rights issue - since then only in Mar 2020 crash there was available a short period below 2.5c. There simply isn't enough stock to push it below 2.5c.

SincereStock I am positive the price hardly go lower at this point, so better risk vs reward
04/09/2021 1:58 PM

Look at the bursa announcement/ annual report la

weirdvilante @MZM2511 on what page of the QR report we can see the NTA ?
04/09/2021 2:00 PM

entry at a lower price than brahmal???

so if we buy now our cost lower than them?

wahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

investortrader88 CEO of Creador Mr Brahmal Vasudevan also hold this counter !
01/09/2021 6:33 PM

MQ got the cheap shares to dump...we have to wait for annual report to see who is holding what...

Valgrovest There are big boys here - came in and sapu all the sell Q of 3.5sen within seconds and then threw back - just to create volume of shares traded. Also at 4.52pm, one single lot transaction was seen followed immediately with three tranches of purchases of 500k shares. Something is brewing behind the scene. Would be interesting to watch the play tomorrows and the days to come.
01/09/2021 5:02 PM

tanco 2M revenue fry from 3.5c to 24.0c....when Borneo oil got oil

Movinggggg

Valgrovest The sell Q is getting smaller and smaller. Good sign.
01/09/2021 4:19 PM

Buy

wallstreetrookie @UncleFollower Don't talk so much. Hold
01/09/2021 4:09 PM

Classic sideway consolidation mode. Syndicates in full control for impending big big pump

Honestly in the March 20 crash this is the shittiest stock I bought. 1c, 1.5c, 2.0c. Buy in Jul-Aug 20 this one made the mosttttt money. Turning shit to gold

If they were to start pumping, then within this month we should see more announcements...remember how they announced the gold discovery and drove the stock up big time...pray

Clearly there are insiders...

27th 18M WC done at 1.5
30th 8M WC done at 1.5

Today 60M WC done at 2.0

For other counters maybe we say it's random.

For this counter where WC is barely traded the sudden surge in volume is clearly insider move...

So hopefully this means insider has more news and it goes up further

It's really not just the one-off. And the one-off isn't really a one-off because there could be more. I thought the biofraction was shit at first...well it is recycling shit and they turned shit to 166M shares in Verde...isn't that quite commendable...

This quarter is about 2 things other than the "one-off"

Firstly we should have expected more losses. MCO F&B and mining etc all severely affected. So no loss is already good

Secondly the reversal of mining (limestone/ marble) segment impairment losses lend credibility to their business

And all this is before their much talked about Gold Mine. Not forgetting that in May this year they just added neighbouring gold mine to their portfolio.

All being said it's really not that bad. MQ is disturbing the price, we wait

then surely they have not recommended edgenta lol

EY friend said internal dateline end October hopefully earlier

tradersampah got info the SIR on october..it is true?
01/09/2021 9:32 AM

Ooooo MRDIY boss parked some pocket change here too

Yu Yeh Tan
1.51%

Amidst pandemic and uncertainties, Malaysians turn to savouring Sabah’s ‘secret sauce’ Sabasco Published 3 Aug 2021, 2:23 pm

When the Borneo Oil Berhad (BornOil)-Sugarbun Borneo Asian Food group launched the Sabasco ‘secret sauce’ in late July 2021, the intent was to bring a unique taste of Sabah for the whole of Malaysia – and the world eventually – to enjoy.

YB Datuk Seri Panglima Dr. Jeffrey Gapari Kitingan, the Deputy Chief Minister of Agriculture and Fisheries of Sabah, had launched Sabasco at the virtual event. He had also expressed his hope that the product would eventually become a ‘worldwide sensation’ as it is in line with the Sabah Maju Jaya Development plan to expand local agriculture globally.

Now more than two months later, Sabasco has certainly made its impact throughout Malaysia. The ‘secret ingredient’ of Sabasco is the ‘Momporok’ chilli unique to Sabah.

Late last week, Former Deputy Minister of Women, Family and Community Development and Member of Parliament for Segambut YB Hannah Yeoh posted about Sabasco on Facebook, describing the taste as ‘sedap but pedas’.

YB Hannah Yeoh added that she was adding Sabasco to fish nuggets and that she preferred the sweet and spicy version better. (Note that there’s no arrangement between the Sabasco team and YB Hannah Yeoh. The above Facebook post reproduced in good faith.)

From the Facebook post, it seems that Sabasco – and certainly YB Hannah Yeoh – certainly have their loyal followings. (extract of comments below.)

A few weeks back, Malaysian professional golfer Kelly Tan, who competes on the LPGA Tour, was also pictured happily with the two versions (original and sweet and spicy) of Sabasco sauce bottles in hand.

Kelly’s first professional win came at the 2019 Florida's Natural Charity Classic on the Symetra Tour.

So what is it about Sabasco that makes the sauce so special?

For one, the Momporok chilli is so-called because, in the Dusun language, it means the ‘bulbul’ bird’s chilli.

According to the Dusun tribe, the spread of these chillies was assisted by bulbul birds, which are attracted to the chillies when they’re ripe-red. They eat them and disperse the seeds all over their region of residence, and over time, the chillies in the area develop a singular set of characteristics, aroma and taste.

BornOil Executive Director Joseph Ambrose Lee said that, in Sabah, the Momporok chilli sauce is always placed at the centre of the table in every coffee shop.

“What’s special about the Sabasco version of Sabah’s beloved Momporok chilli sauce, however, is its origins,” he said.

A town on the East Coast of Sabah, Kunak, has a geographical makeup of volcanic soils rich in nutrients and the resident ‘bulbul’ birds.

The chilli thrives in Kunak, and its aroma and spice are intensely concentrated and distinctive. Over the decades, this breed of Momporok chilli in Kunak has been cultivated by local micro-farmers who stick to growing only this breed.

“In Kunak, the (chilli) fruits are allowed more time to mature with minimal intervention to spread their growth. Due to this, the result is a much more concentrated fruit. Tiny, red and upright; it is powerful in its spice and fragrance. Its uniqueness surpasses mass-planted chillies in adjacent regions. Each chilli fruit is hand-selected to ensure freshness and quality,” Datuk Ambrose explained.

He added that, through the production of Sabasco, SugarBun hopes to share the Momporok chilli’s story, support the Kunak farming industry, create local jobs, and bring ‘growing’ back closer to nature.

“Sabasco is grown, nurtured, harvested, prepared, and bottled locally,” said Datuk Ambrose.

“This is a chilli sauce close to our hearts. This is the chilli we grew up eating. This is the chilli for our homes, our friends, and family. And now, we’re bringing it to the rest of Malaysia – and the world.”

East Malaysians will find Sugarbun a familiar name. The chain established itself in Kuching, Sarawak back in the early 80s as a bakery and ice creamery. It had also branched out to selling burgers, broasted chicken and popcorn, establishing itself as a cinema concessionaire.

Today, other than its signature broasted chicken and fish burgers, Sugarbun’s outlets also offer Sarawak laksa, Sabah giant garoupa fish meehoon soup, various other claypot dishes, pizza, and of course, to top them all off, Sabasco chilli sauce.

Sabasco Chilli Sauce comes in both ‘original’ and ‘sweet and spicy’ flavours, and can be bought online from www.sabasco.com or from Shopee, and is available at all Sugarbun, Borneo Asian Food, and Broasted outlets nationwide, as well as Pezzo outlets in East Malaysia.

Wholesalers are welcome to make enquiries by calling +6016-830-0016 or emailing market-kch@sugarbun.com.

https://www.malaysiakini.com/announcement/585664

As I always say...this company has a good record in recovering bad debts

UncleFollower 45.62M is Cash + FD

Inventories is 35M (mainly limestones and raw materials) excluding trade receivables of 12.35M and other receivables 27.7M. If u look at past records they have a good record of recovery. Hardly any bad debt - and if there were, subseuqent quarters showed recovery of such bad debts

Above is based on cut off date 31/3. Since then PP and ESOS raised 25M, SBB used 10.5M, so net cash + 14.5M

So total cash including receivables is 45.6M + 12.3M + 27.7M + 14.5M

Investment properties are real and carried at book value. Look through the reports. Theres 612M here.

Company yet to have meaningful loans.

Last year after MCO secured a 50M loan. As I said before banks granting loan is a show of strength. Banks vet thru showing us another layer of scrutiny

Bornoil's book value is real. These are not goodwill etc. They are tangible assets.
13/08/2021 5:33 PM

If your average cost is 0.13sen you should really average down lol

http://nuclearmanbursa.blogspot.com/2021/08/will-real-slim-shady-please-stand-up.html

When it comes to Business reporting in Malaysia, the Gold Standard has always been the now defunct Business Times .

And then we have TheEdge, started by a banker and filled with mostly ex Business Times staff.

The Serba Dinamik saga, is going to make or break the Edge, in more ways then one can imagine, , as some of its editorial staff have crossed the line in their reporting.

There is something called credible reporting and something called a witch hunt.

As I said in the previous article that the market has given a premium to KPMG's credibility by a whooping 79.20 per cent that it is correct on the major and not minor issues of the audit.

In the event KPMG is not right by a margin of that size, I am afraid the Edge won't
be able to hide behind fair comment.

I was from the Business Times, and the first thing we learned was to piss straight.

I was taken aback on The Edge's narrative about auditors getting sued in Malaysia as something out of the ordinary. Try this for BREAKFAST ; Ekovest versus Deloitte.

why takeover when u can pump and dump it to bilis

YTL delay result, market calm

Serba dare to delay result, stock crash lol

Not funnier than US-Trump era, not more fraudulent than India, not cockier than thailand lol

sasword Malaijiya politic is a joke, economy is a fraud, management is a cock.
25/08/2021 4:51 PM

Fui yoh king is back

Can run more, but clear sharp up sharp down rights issue careful guys

My shareholding has not changed since May 2020 entry. Sleepy stock. Sort of nice

Comon Sabri shows us you can even if we can't stand you

prahadude Ismail sabri vape hero- https://www.malaysiakini.com/news/318857
Ahmad Maslan support reducing tobacco tax - https://www.nst.com.my/news/nation/2020/12/652714/narrow-price-gap-bet...
21/08/2021 10:14 AM

Swapping to DRB goodluck