Dont be dispare. When buy stock must at least look at the history of the people that holds the helm. Born oil has little or no oil. It does have a lot of Sugar Bun. Check it out. Wise investment thought for you.
It is good news to see Bornoil accelerating it's share buyback plan. It has been using its good money buying back shares for many months and what interests me was Friday's all out buyback of 4.6 million shares in one go. This shows that the Company knows and is ready to add shareholders' wealth in the near future. All the buyback becomes more aggressive in the midst of entry of major corporate man Datuk Freddy Lim as major shareholder in July 2019 with the acquisition of 55.55 million shares. He now holds near 6 % shares. Also another well known corprate lawyer Datuk Joseph Lee Yok Min acquired nearly 120 million shares in March 2019. and is appointed as Executive Director. All these tells me that all these major shareholders will play key role in its corporate and business plan to add shareholers' wealth. And that is the key reason we see substantial buy back by the Company and well known corporate personalities. By the way recent announcement also see the Company bringing up the fair values of its properties.. is to reflect the true worth of the Group. Normally such exercise will probably lead to more corporate news in future in relation to asset restructuring plans. We can see the support share price is 4.5 sen....and it true worth is at least 13 sen. There was recent significant impairment of operating assets and is a clear sign to clean and clear the operating base probably for new corporate plans. I personally believe .. it is the right time to start monitor this counter ... as Indonesia plans to relocate it's capital city from Jakarta to Kalimantan. All the best to shareholders of Bornoil.
. it is the right time to start monitor this counter ... as Indonesia plans to relocate it's capital city from Jakarta to Kalimantan. All the best to shareholders of Bornoil. 14/09/2019 7:59 AM
@su Jackie , u r right . Even Bornoil having flatware @4-4.5 c for more than 3 yrs . But I never miss to monitor its movement , trading vol every transaction day . Could surprise all of us one day , watch out ! Good luck , 2 . Wakakakaka
Sure ... share buyback plan is getting more active .. used to be 400,000 to 500,000 shares a day. Now has been accelerated 4 times ie yesterday add on 2,000,000 shares. Last Friday was 4,600,000. If this trend goes on... will be very positive and we hope for some good news going forward. Don't forget all the ESOS granted to employees previously were exercised at 9 sen per share... 2 times higher than current market price. It is very cheap now at 4.5 sen.
At last this is the time we have been waiting for. Bornoil came up as the top 7 in the most active counters with 62.9 million shares traded and rose 25 % in market price .... up to 5 c. Before close most of the 5c queue to sell were snatched up. As from today, I think the number of shares traded will become very active and price could probably hit 6 c. If this happens, probably we deserve some good corporate news. No joke. Up 25 % in one day. If invest 5 c now and go to 7 c ... is another 40 % gain. I opine... it is a good time to accumulate Bornoil shares. GOOD LUCK TO ALL !
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....
Woodswater
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Posted by Woodswater > 2019-08-26 18:46 | Report Abuse
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