albabacoming, why warrant 18 sen? if don't mind asking

nice, drop 4.5 sen straightaway

Chen Kai Voon ceased to be substantial holder. Announcement on Bursa

HOLLAND

what's more amazing - WA held firm two days, zomg

dunno

i3i2i1 this counter is damn obviously controlled, especially the WA, irrational queues all the time

that news is so old though, first came out in April or something

what in the world..

ignasio they will use the closing price on 13 October (if im not mistaken) then multiply by 5, divide by 7

just a sitting duck who went in at .685 :(

20million warrants transacted at 0.30.
Sign of substantial holder losing interest or price will go .70 in due time??

nope :(

Wakakaka, new to this forum, what's the joke about here?

lollipopz even if paper loss now, the free warrants should help you level out in the near future

lol brendon i'm a dude, the four letters are initials for my name.

Just glad to help out, been around the market for slightly more than a year and these are the things I've learned so far.

Hope Khoo doesn't mind if I share my thoughts?
1) Private placements are usually not open to public, only to selected investors. My guess is that as an incentive to the investors, the offer price has to be at some sort of discount to the current mkt price so that they're "guaranteed to make money" from this. Recent pvt placements that come to mind are Alam Maritim earlier this year, Sumatec at 38sen, SYF Resources at 1.05
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1705769
http://www.freemalaysiatoday.com/category/business/2014/04/24/quek-proposes-alam-maritim-buy-out/
http://klse.i3investor.com/blogs/valueinvestorresearchklse/56356.jsp

2) The ratio depends on how many shares the directors would like to see in the market in my opinion. At the current 330+ mil shares after PP, a 2-5 ratio would result in about 462mil shares, with 132mil warrants, which mean a maximum of 594mil shares if all warrants are exercised. Again, it might be a sweetener to PP subscribers who know that not only they bought at a discount, they will receive bonus shares and free warrants soon!

A rights issue will take longer than PP, and the company might want the money quick/ they want investors who will hold the shares for a longer period of time.

3) Theoretically it wouldn't make a difference, since you're holding the same value in your hands, but in larger quantities/ smaller value per unit. The difference lies in whether or not your warrant is worth money.

If you want to buy, buy 3 TRADING DAYS before the ENTITLEMENT DATE, and not until after the ex-date, nothing in between please.

(Y)

I think they will use the price one day before ex-date, not today's closing. Am I wrong?

Chances are they "created" some excitement on friday so they could get rid of the tsy shares

They'll normally clear treasury shares before bonus issue. See Kossan, IBhd etc

Not mentioned so far

EGM resolutions approved

warrant 10 sen discount to mother??

can see from their latest annual report how many have been issued i believe, then count and see how much exercised since then, then you know how many remaining

For those who are unhappy with forumers who say that earnings are off, it's true, HS himself has said so, in the notes to FS. In all honesty, I don't see how that can be achieved in the next 184 days. 69m profit = 2,000 barrel per day for full year, assuming USD30 profit/barrel @ 3.1 USDMYR. It's producing about 500pd if I'm not mistaken.

That said, 3 new wells have been completed the previous qtr, and 5 more this qtr. We'll see how it goes.

fundamentals? what's that???

http://www.theedgemalaysia.com/political-news/304773-halim-saad-fails-in-bid-to-reinstate-rm2-billion-suit-over-renong-deal.html
Let's hope HS wants to make back that 2b from suma

According to 2013 annual report, HS has direct interest in 767,040,000 shares, 0 deemed interest. That means he lost 130,986,800 in net worth today. I'm sure he's fine with that.

(*&%&^$&$ bought at .575 just now

@daryltkt what does that mean?

OMG RM17 million worth of DEBT, SO MUCH DEBTT!!!!! OMGOMGOMGOMGOMGOMG RUNNNNN GUYSSSSSSS. BUY SPACS, PURE CASH CANNOT GO WRONG, LOOK AT HIBISCUS SO GOOOOOOD.

Gimme a break.

how many quarters of profits have they announced? Only one right?

got, moving downnnnnnnnnn!!!!!!!!

argh falling!!!

http://www.theedgemalaysia.com/business-news/301625-knm-unit-and-bidding-partner-land-loa-worth-us133b-from-petronas-.html

@azlan think RHB covered Tambun since May or Oct last year though

anyone knows how to value 2P? this buy =USD4.25 per barrel

Can trust charts with thin volumes?

RARARARA omg look at how good Hibiscus is.
Sorry, but exactly how many barrels per day is Hibiscus producing currently? Lime looks like an E&P company so far? Did I miss something? What's the 1P reserve?

Sona will be entitled to 4,800 - 5,600 barrels per day, well into the next decade. Reinvestment risk mitigated if you ask me.

And I dunno bout you, but I think having management control is quite important for this industry. Not confirmed that Sona has, but 40% stake gives a lot more comfort. Hibiscus is a minority in all... the assets it has interest in, no? And now TALISMAN. Again, minority stake, and not the operating company as well, who is Eni. 17 million of reserves (is it even 2P?) *yawn*

http://www.theedgemalaysia.com/business-news/295531-tambun-indahs-properties-continue-to-get-good-response.html

Anyone knows the book value of their entire landbank? Or can anyone verify that they actually own all 635 acres of the Pearl City land?