Murali, what's there not to like? Haha. U sounded more offended though, maybe by the mgmt U r right abt gambling coz aren't we all taking a gamble in the stock mkt? Even Hapseng also taking a gamble by pumping so much cash into the gold exploration.

They r currently in exploration stage to mine more significant amt of gold. Rather than sitting on excess cash why not do gold trading? I don't see any problems with that in the shorter term. Would u rather see some profit or few qtr of losses?

No need rhetorics la. Just provide ur views and ppl here r capable to make their own decisions.

murali, what's wrong with gold trading? The only thing co could hv done better is be more transparent with the qr reporting. Differentiate gold mining and gold trading.

Let's see what happens to share price tmr. If it continues to go up, I can only guess sharks r playing this counter.

Its ok to engage in gold trading while waiting for gold exploration. However, the co shd be more transparent.

Opms, I think profit margin low partly due to ri cash used for gold mining exploration.

soon9913, don't u see, most revenue due to trading instead of mining. However I'm not saying theee is no gold for mining just still under exploration. I guess while exploring, the co engages in trading. When u trade, u can't profit as much as mining.

Tmr may drop though I hope not.

Looks like this answered most of my questions to bornoil ir. So now we know most of the revenue is due to gold trading.

This counter has been a shark-infested counter.

Huge selling at 17.5 sen well absorb.

Xinghe, yes all profits r doctored so why r u still reading this forum? U can GFO already.

I sent an email to BORNOIL's IR requesting for more details on the latest QR and transparency on their overall quarterly reporting. After looking at CNMC's reporting, BORNOIL has got a lot to improve in this area. Let's see if they even bother to reply to my questions.

Meanwhile, it's good to see gold price marching towards USD1400! :-D

Always say no dividend no dividend...as if there are no other stocks which give dividend in Bursa to buy? Cannot be trusted then just GFO lah...buat bising for what?

Finally, BORNOIL's website is working...

http://www.borneo-oil.com.my/mukim+keratong+mine-3146-178450/

...and looks like the Keratong Mine is at the development stage, or maybe it is already at production stage considering the increased in ores mined.

YOLOOOO, if u assume the entire 6.9m profit from this qtr is from gold only then what about the limestone mining? Tak kan no profit from it? I don't think we can find out what the gold revenue is in this 1.4b revenue.

Really YOLOOOO, how do u tell? Care to enlighten me?

YOLOOOO, that's true. Even if we assume 1/2 of it is from gold, i.e. 700m, that would still give 4300kg of gold which is still huge.

I suspect from next qtr onwards, the profit for mining division will go up substantially because only 44m is left from the RI for mining.

Because RM62.5m from RI was used in this qtr. This offset the profit. RM1.4b...at RM162k/kg, they mined ~8600kg of gold? Wow...correct or not oh? The revenue itself is close to 4x mkt cap.

From the results, I'm guessing Mgmt sold enough gold to make a profit and whatever in access is put into the inventory. I can imagine once the RI proceeds is completely used up, more gold can be put into inventory.

Koon Bee, I think u made ur point quite well alr. GFO.

Good news! More gold added to inventory, 600kg now.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5131981

It's a good time to enter. Both divisions (gold mining and F&B) r pretty recession proof.

To those who wanna know the live results from BREXIT vote...

http://www.telegraph.co.uk/news/2016/06/23/leave-or-remain-eu-referendum-results-and-live-maps/

If you see big revenue but small profits, that would likely be due to co spending RI money on mining & F&B expansion. In fact, the growing revenue is good, it shows sales are good. So, profits will eventually come after RI proceeds are completed used up.

As long as the RI proceeds have not been fully utilized yet, you won't see significant profits.

JN88....no worries, next week will go back up.

Middle of tonight will know. 2am-3am MYT.

JN88 GFO

CW holders will not be entitled to any dividend but the consolation is the CW price will not drop.

CW price will drop if it's a normal dividend because exercise price will not be adjusted ex-div like mother share. However, the CW exercise price will be adjusted for special dividend or capital repayment. In this case, CW price won't drop due to the special dividend.

See page 88 of MACQ base prospectus...

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=172829&name=EA_DS_ATTACHMENTS

JN88 GFO

AAC sale will move the needle on valuations
Target price raised to RM4.15

Our status quo valuation of AirAsia remains RM3.13, based on CY17 P/E of 8x. If the AAC sale does not happen, we believe that AirAsia’s share price will trade at RM3.13 by end-2016 on the strength of its fundamentals for the rest of the year, with demand across the region remaining strong in 2Q and likely into 3Q as well, and with oil prices at very low levels.

Assuming that 80% of AAC is sold, our FY17 group core net profit forecast will be reduced by RM126.1m, representing 80% of the RM157.7m in leasing profits that we estimate will be earned by AAC that year. However, the reduced risks of AirAsia post-sale of AAC will help to lift its valuation from 8x to 9x CY17 P/E, we believe. Average CY17 P/E multiple for airlines like Ryanair, easyJet, Southwest Airlines, Pegasus, JetBlue and WestJet that have gearing levels of less than 1x (or even net cash) is 9x, according to Bloomberg consensus.

Based on CY17 P/E of 9x, we value AirAsia’s continuing business at
RM3.19/share. To this, we add the expected RM0.96/share in special dividends to derive our new target price of RM4.15.

Yup, JN88 make sure u sailang everything u hv so u don't hv to keep asking the same question everyday. LOL!!

kstk88, yes I agree long term prospect should be good. I'm particularly interested to see how their profit goes after they exhaust the RI proceeds. Yup Borneo Consolidated sounds better than Oil.

ktsk88, I think it is just knee jerk to this article today...

http://www.thestar.com.my/business/business-news/2016/06/10/borneo-oils-gold-mining-venture-pays-off/

I doubt it'll last so long significant results don't show yet.

Lim123, even though C36 is out of the money I doubt it'll trade at 0.005.

See how formidable AA is...

http://www.theedgemarkets.com/my/article/thai-seeks-10-airline-pact-add-routes-counter-low-cost-group

http://www.theedgemarkets.com/my/article/airasias-real-target-latest-aviation-alliance-gadfly

http://www.theedgemarkets.com/my/article/airasia-hits-one-year-high-bullish-outlook

2.60 for coming week.

BOC Aviation's (listed in HKEX days ago) PBT margin in FY2015 was ~36% (see link below). No wonder TF has big plans for AACL (same biz as BOC Aviation).

https://www.bocaviation.com/en/Investors/~/media/8E279DE246324DE593F18F695019162B.ashx

In FY2015...

AACL revenue = RM1.423b (reported)
AACL PBT = RM356m (assumed PBT margin 25%)
AA net operating profit = RM1.466b (reported)

Based on the reported and assumption above, AACL PBT (i.e. RM356m) portion is ~24% of AA's net operating profit. Applying 24% to AA's closing of 2.47 gives you 59 sen. Hence, market is only valuing AACL ops at 59 sen. Based on the news reported USD1b offer for AACL, it's worth RM1.49 (pre-PP) or RM1.24 (post-PP) per share.

Therefore, AA is worth at least another 65 sen just for AACL. This is not even taking into account AA's core biz. Food for thought.

stockmanmy is one of those low self-esteem fellas...rather than focusing their energy to earn a few bucks they'd rather make themselves feel good by doing this. GFO la!

The net operating profit for these past 2 qtrs were 94m & 95m. Assuming if a nop of 90m * 4 for FY16 = 360m. With conservative PE of 6, the price shd at least be 52 sen.

Hmm, good signal indeed.

To me it is, I like what I'm seeing in its qr thus far. But this isn't ur fast up and fast down counter. Mining results r definitely showing potential. F&b is a recession proof sector. Although gold price may head downwards but a weakened rm will offset that.

damagpie, just look up the last quaterly report. It shows the amount spent from the RI used for the mining and F&B expansion.

All I can say is, once the RI amt are fully utilized, we shall start to see healthier margins. Therefore, for now, the revenue is more important because if revenue is low it means not much gold mined.

Ignore ppl like that. I pity ppl like sign coz only those with low self-esteem will take joy in other ppls suffering. Kesian sungguh!

http://www.thestar.com.my/business/business-news/2016/05/23/pezzo-banks-on-sarawak-growth-to-drive-malaysian-expansion/

Thanks ktsk88, am already an owner of BORNOIL. Haha.

Wow ktsk88, promoting BORNOIL here? Give u 1 LIKE!!