why dont u invest for the rights:

buy 100k @ 0.66 --> 65k
hold the stocks
u get 410k right @ 0.175 + 100k free warrant ( cough up 71.75k for rights,,,,,or u can sell them in open market)

say at issue of rights (should be after quarterly results), share price = 0.75

then ex-rights share price ~ 0.5

now you have abt 100+410k shares (bought at 136.75k) and is now worth (510k*0.5=)~250k!!!


dun forget u have the free warrants too

because the rights is only 0.175, there is high chance you will earn back or double yur investment...

panlai-panlai

if tonight u see bursa announcement Mr. Quek buy more shares, sure roket up>>>>so can buy some first...hehehehe

what's the TP? i think before quarterly results will be about 0.7-0.8 (initially i thot only 0.6). if the Q results is positive or show direction into positive...we might be for 0.8-0.9...with rights announcement could be a possibility to break RM1...

end Aug or early Sept they have to announce AGM

even at 65cents people are buying...i think becoz they know they will get a rights priced at 17.7 cents nia....so the premium is so good now

OMG!!!

Star report liao sure go down...celaka

U jual me lo @ 0.1¢

Tomorrow how? Further goreng or correction time....?? Hard to tell....

Possibly ppl might buy since quarterly results coming soon

aiyo...4pm liao...where ur show

on fire now

no rights for WA

@cocotan u totally miss point...here not anti-SPAC...is giving input if good time to buy or sell...apalah

Yvonne Chia, ex-CEO of Hong Leong now appointed as director at Shell Refining....i recall she was also at the SONA IPO listing....hmmm...is there a link!!??

WA also will fall, follow the mother share ex-rights...but then u also get free WA if u subscribe the rights

maybe afternoon some upside...from external funds

i think will be hard to sustain...time for correction next few days...trend already show a doji and RSI show it is overbought

Post removed.Why?

My target like this....by end of Q when they announce results 0.6 - 0.8...cozy they should be in the black again.

I would say news not true....MD already say 1 month ago due diligence take at least 1 year....imagine suddenly 1.5 month later already may QA....

This give impression it is a Mickey mouse company....

So this news...just rum ours, not true...

Put ur money back into SONA :-)

RM3...wakakakaka

either before or after quarterly result...not sure yet

as part of the regularisation plan (i.e. come out from bankruptcy) 335,000,000 million shares will be issues\d to TSHS and Chua Man Yu

@daud rights will be announced in Aug

depends if u short term or long term

@stonenut yes u honest we know...we worry ur banker lie u nia

why regret??

eith their bigger carrot in hand and so called class A management + cornerstone investor, i think it could be less than a year...

for TP, i think have to benchmark to those O&G service provider...but bear in mind Suma is going into E&P...so there's potential for some upside

@fauzan...I think its hard to go down to 0.3 level....the baseline already shift to 0.32 level....basically all the strong buy I believe due to presence of cornerstone investor...
Look at THHeavy....Mr. Quek masuk aje....shoot up and up...

1. Shares to be issued to Halim Saad, Chau Man Yu, investment house Corston Smith
2. Rights issue
3. Free warrants
4. Quarterly results...could be a positive after negative for many quarters

Probably some correction,,,,but I expect to trend up...more announcement coming...

Don't forget SONA has much more money than hibiscus to buy the asset,,,550million,,,,so the asset probably would be of higher quality...I.e. higher return rate

@sontoloyo
ex-rights can be known in august

coming out of PN17 mah

Personally I think the shares now a bit over brought...might be some selling pressure next week

Yes, ur share value is diluted but then again u can hold it until the share price appreciate...

Also u can hedge against the losses by selling your 4100 rights

Why u no tembak ah Kim liao art box...

I think it will make a slow and shallow slope climb until maybe end of this month / early next month whereby an announcement about date of AGM will take place....

Buying will pickup for sure then...

Some even TP RM 4!!!!

Wait until quarterly results out...then see can shoot up or not....

Historically dividend is poor even though untung banyak....hopefully they give banyak this time to boost the shares...

Post QA a fair value for mother about RM3, WA abt RM 2.70....assumption they spend the RM550mil....which is about double of hibiscus.

What has happened to uemland...used to be a RM3.++ share...now can't get past RM3 liao...

Possible 4.5?....solid company wor...

still can hitch a ride i think

got potential to move up today

Reit is good time to buy coz price low now...by the time interest ratelow...price alr shoot up

@value investor....valid point

Daya buying into an O&G SPAC, Reach Energy....good news!!!!!

Data buying into an O&G SPAC, Reach Energy....good news!!!!!