We refer to the Company’s announcement dated 2 November 2015 and its circular to shareholders dated 8 March 2016 in relation to the Company’s proposed qualifying acquisition of 100% interest in the Stag Oilfield (“Proposed Acquisition”).

On behalf of the Board of Directors of Sona Petroleum (“Board”), CIMB Investment Bank Berhad wishes to announce that the Board has today received a proposal from the management team of the Company that it plans to implement a proposed capital repayment of up to RM80.0 million to the shareholders of Sona Petroleum, subject to the completion of the Proposed Acquisition.

The details of the Proposed Capital Repayment are set out in the attachment.

This announcement is dated 25 March 2016.

RM0.49 is before deducting expenses of closing the business

I will not compare dollar or ringgit. I will compare with %.
About 0.85%. Low if compare with 3% or 6%.

But the target price is >RM0.90

Datasoni and Kai Kai

And also what will happen if got extension?

Kaikai. Big part of the income is from interest earned from cash. Hope that will not change much after distributing the cash.

Good. I've been holding. Profits are slightly better than Wintoni

Time flies. Hold this stock for almost two years already

KaiKai. RM0.98 does not equal to 44% upside.
Example, price RM2.00. Announce to pay RM0.98.
Price up to RM2.20.
After paid, the price ex to RM1.22.
Actual gain is 20% only.

But big question is after announced, how will the market react.

Why april?

Any idea how much is the annual fee?

IJMP also didnt move on yesterday 17/02/2016

By Kenanga 18/2/16.
HOHUP (Trading Buy, TP: RM0.945). In the sell-off over the past two months, HOHUP saw its share price retreating from a high of RM1.09 to last week’s low of RM0.82. Nevertheless, the share price appears to have marked a bottom and is poised for a short-term technical rebound.

The share price closed at RM0.86 yesterday, up by 1.5 sen (+1.8%). With yesterday’s bullish move, both the Stochastic and RSI indicators have turned upwards from oversold levels to reflect a pick-up in buying activities. Of note, the current technical picture bears a strong resemblance to the previous sell-down and subsequent strong rebound during the Aug-Sep 2015 period (see chart). Should history serve as a guide, we would expect HOHUP to retrace around 61.8% of its recent downward move towards the RM0.96-RM1.00 resistance. For this trading strategy, traders should aim to take profit at RM0.945 (3 bids below RM0.96 resistance), while setting a protective stop-loss of RM0.805 (3 bids below RM0.82
support).

one of them already took profit

what is the next pick?

Checked with 4 people who know chart analysis, break-out and buy signal two days ago, immediate target RM1.00

No info, hopefully will be like ECM (went limit up).

Based on Hwang latest financial result, the NTA is RM3.28

jmc, what was mentioned?

hohUP UP UP

Wondering who have bought it this week

Yes !

Jan 2016 every day is dropping, now stable and hope it will go uptrend.

2 years from 22 Jan 2014 expire?

http://klse.i3investor.com/blogs/kenangaresearch/50386.jsp

Rights issue create more shares, lower EPS. Existing warrants price will drop.
But if the rights issue bring in more income, EPS up, warrants will up.
No fixed answer.

Existing warrants exercise price may be adjust because the mother share price adjust due to rights issue.

Good article.

His performance was bad. Hope the stock can be cancelled by selling all shares and returning all cash to shareholder. Or at least share bay back to narrow the discount.

98% is good. Thanks.

But ... . . """"Oil price is very low now, and the rebounding of oil price in the future 2 to 3 years is going to push up the demands for pipes, valves and fittings, in the global markets."""""

Are we timing the market when will the oil prices rebound?

Don't get me wrong, i like this article, just to highlight a minor inconsistency.

LOL

Read from blog..

Assuming you bought a counter at RM1.00 and they make RM0.20 (good right?) every year for 10 years. The price increase and trading in a range of RM1.30 to RM2.50. You didn't sell because they are still a very good counter. Suddenly world economy crash and the company started making losses and trade below RM1.00. What you get? They made so much money yet you get nothing.

Assuming you bought another counter at RM1.00 and they make RM0.20 per year. But they pay you 60% as dividend (60% payout ratio = RM0.12). Same case above, after ten years they trade below RM1.00. But what you get? RM0.12 X 10 years dividend =RM1.20. At least you take back your capital plus profit.

Your return on investment is capital gain PLUS dividend. Always look for company that has consistent dividend payout

The power plant is not built yet, once completed will have power

How to know tomorrow report will be issued?

JAKS coming coming coming

Why bintai-wa?

Murali, just bought. I always for long term one.

That old man, respect him.
The stocks that i followed, lose money.
Then i stopped follow. The stocks that i didn't follow, jump few hundred %.

He is a good man.

I'm keeping the money for his farewell party

If not of ah jib, i would have bought Johotin in mid Sep.

Will people push up the mother price to sell the warrant?

is coming. Export in USD

will resume with effect from 10.08 a.m

Material Litigation

Trading Halt. All the best

No need to ask why price drop if why the price up was not answered. Drop to the original place.