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2013-08-20 09:26 | Report Abuse
No idea yet, but from the way the current shareholder and principle Officer selling their shares around 72 - 74 sen, I guess the push is over
2013-08-20 08:47 | Report Abuse
Listing of Private Placement today, let's see who is the new investor
2013-08-19 15:03 | Report Abuse
Oh Messi, sorry, my mistake, just double checked the announcement, intention to trade...
2013-08-19 14:38 | Report Abuse
i'm not so positive as their CFO just traded 500,000 shares of his ESOS, meaning that the private placement may just be taken up by their own shareholders or related party in order to raise fund for their property project in Johor. However, let's see
2013-08-19 14:31 | Report Abuse
They may hold the price at 73/74 level today because the listing of private placement is effective tomorrow
2013-08-19 14:16 | Report Abuse
As expected, the price of private placement just annouced, it was 58.5 sen, it means that the current push to 73/74 maybe ended soon
2013-08-19 14:15 | Report Abuse
Private Placement
Details of corporate proposal
Placement of new ordinary shares of RM0.50 each in Salcon Berhad, representing up to 10% of the existing issued and paid-up share capital of Salcon Berhad
No. of shares issued under this corporate proposal
54,025,268
Issue price per share ($$)
MYR 0.585
Par Value ($$)
MYR 0.500
2013-08-18 13:40 | Report Abuse
I guess that the private placement will be taken up by the major shareholder, the control it very well, pressing down the price to around 60+ sen before the determination of the price, and as the private placement is always set at 10% discount of the average, their cost could be just 50+ sen. They then push up the price to 70-80, or beyond and distributed to the retail market, brilliant strategy. As the results, they got their additional capital and the same time earn huge profit from this. Just my guessing..
2013-08-17 15:43 | Report Abuse
Thanks spacking, will follow your post
2013-08-17 15:37 | Report Abuse
I think the surge this round is related to the private placement where they need the money for their property project in johor and selayang
2013-08-17 15:35 | Report Abuse
Hesitate to enter at this level and sceptical that Tan Sri Liew will take over Salcon, because his son already operating a company in johor and if he takes over, what will happen to the few hundreds existing Salcon staffs who doesn't has property development experience
2013-08-17 12:02 | Report Abuse
Am hoping that it will repeat the trend of cliq wa. It is a huge regret of me, I sold the cliq wa for 25.5 after the price stagnant for few days, a week after I sold, it flew to 30+ then 50! Crazy. Hope that sona wa is controlled by the same syndicate with similar strategy
2013-08-17 11:16 | Report Abuse
Another point to take note is that their CFO just filed in that he wish to transact his 500 lots of ESOS, when the key staff is selling, that means the share price has reached it's peak and no much upside
2013-08-17 11:06 | Report Abuse
Let see who took up the 10% private placement
2013-08-13 13:58 | Report Abuse
selling pressure now, let's see whether it can hold the 0.70 level, they posted in Bursa that one of their shareholder is selling his block, not so good
2013-08-12 15:10 | Report Abuse
Looks like slowed down already
2013-08-07 11:51 | Report Abuse
Cliq WA's record was started from 0.25 to the highest of 0.56 from 8 May till 21 May, in 2 weeks time?
2013-08-07 11:49 | Report Abuse
will Sona WA overtake Cliq WA at 0.40 next week?
2013-08-07 11:43 | Report Abuse
Thanks Sronenut, will listen to your advice
2013-08-07 11:32 | Report Abuse
Thanks Stonenut and guys, have a good Raya holiday! will keep until QA is announced or at least 0.50 which i don't think is impposible
2013-08-06 23:07 | Report Abuse
Thanks Stonenut and Derrick, i'm not contra player, will wait until QA if I don't need the money, fingers crossed
2013-08-06 22:07 | Report Abuse
I really bang my head on cliq wa, I bought at 0.195 sold at 0.22, bought again at 0.245 sold at 0.265 after that it went all the way up to 0.50, this round I have decided to lock all my sona wa until it reach 0.50
2013-08-06 22:04 | Report Abuse
I bought sona at 0.24, I sold my luster at 0.095
2013-08-06 21:14 | Report Abuse
I cut loss on Ingenco and Luster, bleed heavily, put all my hope on Sona recover my loss
2013-08-06 09:30 | Report Abuse
the buy rate is so high now at 80%
2013-08-06 09:08 | Report Abuse
what will be the range today? between 0.255 to 0.27?
2013-08-05 13:57 | Report Abuse
The mother is lagging behind, some one has to push the mother in order to move the son, like Cliq
2013-08-02 11:41 | Report Abuse
Less than a year to expire and the premium is 38%, unless we are very certain of the mother share will fly, otherwise, don't touch
2013-08-02 09:07 | Report Abuse
i think this round is related to the private placement
2013-08-01 16:09 | Report Abuse
Thanks, will que to sell all at 0.095
2013-08-01 16:00 | Report Abuse
really have to pray hard for Luster, all my capital is locked with Luster and I missed so many other chances to recover my loss, like Sona-Wa
2013-07-26 10:36 | Report Abuse
Nevertheless, if Tan Sri Liew take up the private placement as speculated, then this project could be the stepping stone for him to create another empire!
2013-07-26 10:35 | Report Abuse
Just read the annoucement on the private placement , is for the Johor Project, The Gross Profit is approximately RM230mil, however the whole project will only be completed by 2021, is good project, but takes too long to realise the profit
2013-07-24 17:09 | Report Abuse
Noted 2ndwave, thanks, will check, because on the surface the deal doesn't seems attractive as my understanding of comprehensive maintenance means it can't claim any part replacement cost from 7-11 apart from the fix monthly RM800 per store price
2013-07-24 15:15 | Report Abuse
Comprehensive maintenance at RM800 per store per month X 1,300 stores = RM1.04mil per month, not a good deal!
2013-07-19 09:49 | Report Abuse
Very active this morning, what happened?
2013-07-12 09:20 | Report Abuse
hope that it can clear the big road block at 0.11
2013-07-04 17:57 | Report Abuse
The net asset value is 11 sen, i think it will range bound until there is any positive news
2013-07-04 10:19 | Report Abuse
tug of war between 10.5 and 11
2013-07-03 10:16 | Report Abuse
I'm contented with an increase of 1 sen per day...
2013-07-03 09:30 | Report Abuse
some times i wonder the buyer and seller are the same party
2013-07-03 09:29 | Report Abuse
they released the chinese version of the kedah jetty story in Sin Chew Jit Poh today, nothing special it is just a translation of the bernama news 2 weeks ago, don't know what is the game plan
2013-07-03 09:28 | Report Abuse
Really no idea, we can't fight against the sharks if they want to press down further
2013-07-03 09:24 | Report Abuse
yes, some one setting road block at 10.5, you can see the 200,000 lots being cleared but immediately replaced with another 200,000 lots, just no logic for the seller to sell if the demand is high, definately being pressured down, again, who can guess what is the strategy?
2013-07-03 09:21 | Report Abuse
suddenly wake up, but people keep selling at 10.5
Stock: [SONA-WA]: SONA PETROLEUM -WARR A 13/18
2013-08-20 10:15 | Report Abuse
Looks like the support is at 29/295