sad news

Posted by T1T4N > Apr 18, 2016 11:47 AM | Report Abuse

Buy 44.5sen and vote NO.
Get back 48.5 sen, 9% yield GUARANTEE!

mr.tan

your calculations are really EXCEPTIONAL

yes guaranteed 9% yield. smart move....whoa...

but if I

buy 44.5sen and vote YES
get back 8sen capital, 18% yield....DUH.....

isnt this better???

callme i am sorry to hear that.

unfortunately we cant really stop ppl from making insinuations and this la that la.

we as smart investors must realise that when its time to go ....u know its time to go...

i am sure u know what i mean.

good luck n all the best to all.

i am monitoring sona carefully

interesting development nowadays

Draft Doha agreement would freeze oil output until October http://cnb.cx/1Va5gzy

not suggesting anything but this is informative news indeed

interesting development nowadays

Draft Doha agreement would freeze oil output until October http://cnb.cx/1Va5gzy

not suggesting anything but this is informative news indeed

Understood vews. Thx

Do u guys think tony will push aax back up to pre ipo level? I have collected since 70c below ipo level n am not asking too much. 70c would be great too.

Does tony have lots of aax shares margined off to borrow against his aax shares to get cash? Anyone knows. Curious investor here

Of course no shares ever move up in a straight line n never stop. Best to collect at dips

Hope for the best. But if the shares n warrants dun move higher, its a red flag dy.

All the best ppl

Ktsk they mau free siu yok n char siu...kwailo country dun have this maaaa

There are always risks in any asset investment le....house property bonds stocks gold heck even sub prime...lol

No problem mr.dogwithbone. a pleasure...plus i learn things too.
Cruise. U are right.

Sometimes i wonder what arguments are the naysayers trying to protray? Company this bad la that la. Cap repayment not good la..co nta go down la...aiyo

If u look at other companies majority are actually doing the same thing...plus heavy debt load heavy interest repayments to bondholders..sometimes i think they know too little n just jump to conclusions without basis n evidence of wrongdoing.

Even tho i agree that the share price shld go above 48 to be better...we have to admit that the latest cap repayment is very good. Its not perfect but investing in stocks are always subjective...those who don't know this really cant succeed lo.

Anyways all the best to all! Huat ar!

callme is right too.

i second his statement

of course you may be right.

however its known that pag n cs are yield investors whose main focus is in arbitraging returns like a hedge fund.

We know that swiss central bank has a negative interest rate environment(CS is from switzerland) hence they are very hungry for any kind of yield(malaysia mgs is 3%plus...excluding the exchange rate tho)

hence thats why they come in here for the spacs....juicy cash yield. invest for 3 years n get cash n accrued interest back...safely n guaranteed in a trust account...sounds good right?

they may vote yes of course but depends on how much yield they are getting...thats why sona is sweetening the deal to entice them.

we must may informed decisions even tho reading from the toilet...the chances of they rejecting are real. so theres really no right investment or bad investment its how u choose n act accordingly to infomation. dun get emotionally attached to an investment..this is call loss aversion bias...fear of losing hence didnt sell

if pag votes yes....EVEN BETTER LO

ppl just dun read anymore

or just dun understand before jumping into conclusions...sigh

CS holds shares FOR pag. CS is direct shareholder, pag is indirect shareholder. CS CAN vote and pag CANNOT vote. (but since pag is the beneficiary...we assume pag is the BOSS and controls CS to vote)

heres the update:

total indirect sona shares owned by pag = 15.353%
its all held thru 3rd party

CS holds 13.027% for pag(pag is beneficiary)
Deutsche bank holds 2.33% for pag(pag is beneficiary)

HENCE WE ASSUME PAG DECIDES TO VOTE NO(ON A WORST CASE BASIS)
PAG CAN SAY NO RIGHT?

sona shareholders = 100%
minus Platinum Autumn 20%(the management of sona) no right to vote
= left 80% of us holding sona shares to vote.

if pag says no....what is their percentage int his 80% ????
=15.353/80 = 19.2%(still below the 25% rejection criteria)

THATS WHY SONA STILL HAS HOPE LA!!!!

paham kah people

becoz its ALL over the media n news that there are yield investors in SPACs that only want cashback....namely CS n pag duhhh

have u been reading the news on spacs lately?

thats why we are basing the shareholdings owned by CS/pag in a worst case scenario to vote no. paham?

update on CS & PAG

CS is buying reach shares on behalf of PAG
pag is the beneficiary while cs is the direct shareholder. cs can vote. pag cannot vote

CS holds 4.5% of reach for pag
Deutsche bank holds 0.8% for pag

total = 5.5%

reach energy holdings (20%) cannot vote.
hence left 80% to vote.
pag holdings = 5.5/80 = 6.9% (below the 25% deciding factor) assuming pag mau the cash n vote no.

good news is lembaga tabung haji has upped to 5.2% hence more friendly parties is good for us

yeap

hence for minus platinum no right to vote left = 80% to vote

CS = 13.027%
if CS vote no = 13.027/80 = 16.3% only not the 25% we all buta buta assume.

thx sona for the clarification. now we know ada hope!!!!

i seriously forgot the direct n indirect thingy. sorry guys. we double counted the shareholdings which is wrong. the correct one is CS 13.027%(CS bought for pag)

sweet potato u are right. i could have double counted. need to chk again. just keep monitoring them as we dun want them to reach 20% threshold.

i guess market sentiment n perception is hard to change....

ok my apologies then :) lets all go huat for this reach!

sigh slow nya

eh i dun understand pasar malam talk la...aiyoyo

aiyoyo sumatec go down ...forum turn back to pasar malam

yes i believe you speakup only up to the 2 years waiting period. nobody will ever wait for 2 years to get back their cash due to liquidation n court case. you are not admitting that it may be a problem for you but we can all see it.

if what you say about reach is so bad why not sell now? i think you may be banking on it succeeding too. so the moral of the story is be truthful and be impartial ...not govern by emotions/fear.

i rest my case n good luck to us all on reach being approved. i own lots of warrants so i guess i am more pressured but should anything go south i am out simple as that. so i am merely neutral based on news about reach. not DIE supporting it nor asking to fail.

cheers

oh btw

capital repayment = payments drawn from a company's paid-in-capital or shareholders' equity

dividends = payments from the company's earnings

capital repayment is often paid out in instances where a dividend payment is required, but company earnings cannot facilitate such a cash payment.

but but but u may hold for 2 years...reach may go to court too...lol

so care to enlighten us what is capital repayment pls? pls bless us with your expert knowledge....if u can

thx

speakup i think reach will FAIL ...so why are u still holding the shares? its dangerous! u may lose it all!!! lol

lots of ppl do not really know shit about the markets n just condemn without any basis nor rational arguments.

just ignore these pasar malam ppl. i dare them not to buy when the rush comes in. however i suspect they will buy behind the scenes ...like the rats they are. 8sens capital repayment is like your dividends...is dividend a gimmick? lol

anyway,

sweet potato u can check out the annual report 2015 n look for the analysis on shareholdings for CS. there its stated they own 3.7%

ladyD i dun know about the outcome for sona media field trip since i am not an insider not the one to speculate on news. however i do like their new capital plan. sounds good a very good yield based on share price 8sen/45 share price = 17.7%

however whther retailers n funds believe or not hard to say. i guess even with the best plan..things can go north n south. i am just monitoring n see lo

interesting development happening in sona...perhaps reach management can learn a thing or two from this

with the new capital repayment applicable for both shares n warrants

i will not be surprised if ppl decide to collect mother n son tmw onwards.

it was a smart move. with mother 45sens now n 8sen repayment(dividend) of 17% its high. this is enticing ppl to buy shares n perhaps chase it up.

with warrants ppl may still collect without exercising it to speculate on the upside in price due to mother shares going up.

looks like a smart move. will see if we are correct.

naysayers...pls just go away dun buy any mother n son tmw....just let it go up for us

thank you

yes looks like they are really sacrificing a lot. they all sailang in sona....haha

new capital repayment proposal is out!!!!!

looks like the management is willing to sacrifice a lot!

looks good

gentlemen pls read up

maybe the fund raising proposal or private placement/rights issue maybe to further increase the shareholdings of reach energy.

increase friendly parties n dilute the hostile parties shareholdings...like CS n pag

lol

Aiyo! Go up more n more!

aiyo...13sen good !

update on CS & PAG holdings

CS = 3.7%
pag = 5.5%
total = 9.2%

reach energy holdings (20%) cannot vote.
hence left 80% to vote.
CS pag holdings = 9.2/80 = 11.5% (below the 25% deciding factor)

yes ladyD u are right same SOP being seen here.

reach management should already know what is happening from cliq n sona.

hopefully they have a strategy in hand already. if not reach also will come to a standstill like sona now.

its again the 75% approval rate which is the stumbling block. any 25% can block the deal.

and CS + pag now holds about 8.7%

we need to keep on monitoring this.

maybe best oracle is kinda piss off from the actions taken...thats why lo

then the big guys should just vote for the QA. if not hard to get cash back

aiyo

Aiyo

Aiyo

so brutus, what is the proper valuation of the 2p reserves minus the tax n royalty ..in your opinion?

we need good info to make informed decisions.

sorry to hear this for cliq shareholders.

seems like the major shareholder refuse to back off and want to sue for compensation. but SC laws are laws

ok ....saya faham dy...

ni sumatec forum sudah jadi forum pasar malam aje...kesian la...

semua best ya

their reserves is already worth much more than usd25 mil if extracted from the ground.

i am curious as to why no oil analyst state this. I have given a calculation from a previous post long ago ....

What about the future value of stag?

Oil n gas co are valued from their reserves namely 1p n 2p about 30.5 mil barrels of oil.This amount assumes amount of oil they still have n gca has gone on a conservative valuation. plus they did not include the 3p oil n the extra hart fields which may have extra oil after exploration. This is all in the report by gca. This 30.5 mil oil barrels assumes using infill to generate those reserves numbers. And we havent even talk about oil prices yet.

so how much is this reserves worth? Assuming they used up the 400mil cash for infill..

Base on oil price usd40
exchange rate usd to rm 4.1
their costs of production/ oil extraction usd30
note. Reserves are valued after extracted from grd.

Reserves value:
30.5 mil x 4.1 x ( usd40- usd30) = 1.25bil rm

this is black gold waiting to be extracted from the ground!

i also dun know why they dun promote like this. we investors all see $$$ signs only ma....

Whatever happened to good info in this forum?

We eagerly await news from the management. Still is early april tho