Morning Bruce. Wahhh can ular yesterday. Happy Hour. Soo much money can ular. Well ill stay here in Bornoil. Even if billions issue new shares still can go up. Sc wont approve if it's not a good company. So Bruce up up up Bornoil. Patience
my personal view the longer accumulation period last, more power will accumulate, more powerful explosion soon to be created... :-D up up up...bornoil... :-D :-D :-D
This counter not for fast gain, it will take several more months to harvest the fruit. At current price of 18.5 sen, the ex-date price will be around 12 sen. After bonus issues, it might take some time to push up to 18 sen again, to huat all patient holders, which is more than 50% profit, taking into accounts the free warrants as well.
EPS and PE ratio are also used to evaluate performance of share counters, irrespective of the size of Issued capital. The main and core profit generator of Bornoil is gold mining. So watch out monthly gold production reporting, once it favourably indicates sustainable growth trends in gold extraction. Then it will be durian runtoh. Cheers
AR 2016 Pg 35: ISSUE OF SHARES AND DEBENTURES Except for the issuance of the following shares by the Company, there were no issues of debentures during the financial year. (a) 260,790,000 ordinary shares of RM0.10 each via the exercise of Employee Share Options Scheme at an exercise price of RM0.13 per share. (b) 13,000,000 ordinary shares of RM0.10 each via the exercise of Employee Share Options Scheme at an exercise price of RM0.61 per share. (c) 2,315,152,386 ordinary shares of RM0.10 each via a right issue exercise undertaken at an exercise price of RM0.10 per share. Just wonder who will pay RM0.61 per share stated in (b)?
Bornoil is a big share capital issued company, with paid up exceeding 4b assuming conversion of all WC. But why the revenue in the last quarter is so small,meaning doing small buisness??
Faralenz77, it is not count that way. At this moment, it is RM580m WB with 19m number of share, value around RM1.9m if convert become RM3.8m mature on 2018. Remember, share holder he to pay for conversion. RM1.9m will receive as cash. Can use to pay for company debt. WC have 580m share, convert become RM 116m, RM58m will receive as cash and mature on 2025. All bonus and warrant are only diluting of share. The 4b is the number of share I assume you mention.
New business segment like Biofracturing, limestorne are going to contribute in second half. More franchise outlet and gold production equipment will also increase the revenue and profit. Bornoil already turn around since last 2 yrs, to invest and expand further in 2017. You can check his revenue grow and profit since 2015 till now.
Bornoil Paid up Capital is RM 303M. Par value 10 Sen. If you perused the last financial year , Bornoil profit is mostly derived from property reevaluation and make loss in their gold trading. Like many of us have noted, Bornoil 1st Q 2017 and beyond are crucial ! Strike enough gold ? This is the million dollar question.!
Gold inventory: (increase RM150m in one yr) *Feb2017, was 44,540oz (x USD1290x4.44=RM255.1m) *jan2017 was 43,980oz *dec2016 was 49,006oz *Nov2016 was 44,907oz *Oct2016, was 27,044oz *sept2016 was 33,211oz *aug2016 was 21,643oz *jul2016, was 29,631oz *Jun2016 , was18,177oz *May2016,was 19,384oz *Apr2016,was 18,057oz *mar2016,was18,983oz *Feb2016 , was 20,600oz (x USD1240x4.10=RM104.7m)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Redz1
1,056 posts
Posted by Redz1 > 2017-04-20 18:44 | Report Abuse
When EGM?