KLSE: BORNOIL (7036)       BORNEO OIL BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.04   0.00 (0.00%)  0.035 - 0.04  5,097,900
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Market Cap: 212 Million
NOSH: 5,300 Million
Avg Volume (4 weeks):24,848,775
4 Weeks Range:0.025 - 0.045
4 Weeks Price Volatility (%):
52 Weeks Range:0.01 - 0.05
52 Weeks Price Volatility (%):
Average Price Target:-
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#3]  |  29-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  29-Aug-2020
T4Q P/E | EY: -33.40  |  -2.99%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1258  |  0.32
T4Q NP Margin | ROE: -6.48%  |  -0.95%


Date Subject
18-Mar-2020 Evening Market Summary - 18 Mar 2020

Business Background

Borneo Oil Berhad is a Malaysia-based investment holding company. It provides corporate and management services. The company operates through four segments namely Head office and others, Fast food and restaurant operations, Management and operations of properties and Oil, gas, energy, and mining-related businesses. Its services consist of fast food and franchise, which include SugarBun and Pezzo Pizza, and gold mining. The company holds two mines comprising of Merapoh mine and Bukit ibam mine. In addition, it also conducts limestone mining operation which is located in Ulu Segama at Lahad Datu, Sabah.
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  28 people like this.
kakaman I read a lot of anger in the forum. It is a funny B.OIL has implemented another round of ESOS again: as last ESOS, seen “eligible persons” had exercise 747,966,000 ESOS options @9 Sen and presumably they were old as its shares hit beyond 25sen briefly in 2015. Undeniably, “overwhelming response for its 2015 rights issue* has a lot to do with investors’ confidence towards Sabah diversified conglomerate, H.Seng Group during the last corporate exercise. But it h urts many.

* Note: 2.373 billion rights shares at an issue price of RM0.10 per rights share on the basis of 6 rights shares for every 1 existing B.Oil share held, together with up to 1.186 billion free Warrants C on basis of 1Warrant-C for every 2 rights shares subscribed, in total RM231.52 million was raised).

B.Oil share price has been traded for most part of 2019 between 4~5 sen, with year 2020 came down to low of 1 sen on mid-March, 2020 which almost wiping off 90% of its value from the right issue price. The circular I received stating the ESOS shall based on announcement of proposal @ RM0.0221, an average discount of 9.8% (previous ESOS was @9 Sen). So …

a. looks like shareholders who took up the earlier 9 Sen rights issue shall have a tough time recovering from their original 2015 investment as the enormous amount of 15% of total share capital ESOS options @2.2+ Sen ( (approx 765M?) as stated on page 7 Circular to shareholder) shall form a gigantic obstacle / trading barrier to the share price, along with another 745,374,758 new Bornoil Placement Shares @RM0.0221 that follow).

b. I am not sure what did the employees and/or eligible persons has done so far for the Company other than busy selling their 747,966,000 ESOS entitlements during last share run; neither financials of the company has conclusively shown any evidence to suggest they did a fantastic job - esp in handling fund raised during last share issue; so NOW I seriously DON’T see any justification by rewarding them with a second round of ESOS @ 78% discount from shareholders earlier subscription price of 9 Sen.

Note: proceeds raised from Right Issue = RM231.52 million (2015); cash & balances left with Group: (2018) RM16,041,656 from RM42,706,467 (2017) ; Company level: (2018) RM9,894,636 from RM31,199,437(2017) ; 2019: Group RM24,019,161 (improved); Company: RM2,325,844 (worsening). Source: Borneo Oil Berhad 2018 /2019 Annual Reports.

c. the newly proposed private placement in issuance of, in total, approx 745,374,758 + approx 765 million(?) new ESOS shares (approx 765M?). Looks like this is the ONLY GOOD news as there are enough CHEAP shares for a share run. BUT if SOLEY based on existing business of selling limestones, bread and buns and lacklustre performance of its much hyped gold mining business promoted during last rights issue, it can be real tough for existing investors to hope for real income to expect its business recovery.

Personally, I still like the gold mining B.Oil originally engaged back in 2015 but the Company lacked direct involvement in its earlier investment. Say, IF they have learnt from mistakes, begin owning a gold mining concession or has a mid-to long term mining leased / licencing, that may turn around investors’ perception for the stock based on prevailing precious metal price trend.

B.Oil share capital is SO HUGE (5.36B ?) and based on disappointing ways the Company was managed for last 5 years; so unless there is injection of really good existing business from HSCB or alternate good investment such as serious GOLD exploration (MUST come with MEANINGFUL SIZE of independent JORC certified minerals ore reserves) can only possibly see everyone has a chance to recover their investment. To me, limestone is also a kind of mining, only capital investment, knowhow, capability and a little luck separate between gold & the rock.

Well, there are many other precious rare earth minerals on earth, may be they can find other options, but IF the Company is solely based on selling Buns & limestones, you can literally announce THIS STOCK IS DEAD and remain its “PARIAH” status forever. However, as my entry cost is lower than both ESOS & Private Placement price, it’s still quite safe; so I shall still hold my faith for a year to access what can they do with things they didn’t do all these while.

Good luck & I go hibernating now Bye.
08/07/2020 2:59 PM
firewall9301 Put it in simple terms and perspectives, Directors only take care of their own pockets. Mind you in early years BORNOIL traded in Gold options. Their kiddies experiences in gold tradings made huge losses. ( shares holders money). Some are not so lucky...bought at high price. How to play up when cronies get them at very very low price via ESOS n New Placements. Moreover it would be insane if the New Placement n SOS shares have NO embargo period. Look at price of HS today? Bonus likely in the pipeline?? BornOil...habuk pun tak ada!!
08/07/2020 5:06 PM
Cojack31 Bornoil today huge volume. Hope tommorow will continue
08/07/2020 5:40 PM
Cojack31 Hope this time ..goreng..goreng. sudah penat tunggu ooo
08/07/2020 5:41 PM
UncleFollower 5B+ shares 10c market cap 500M+ only. Cheap. See limestone segment fly soon
08/07/2020 5:58 PM
Cojack31 Yes. Tommorow continue fly..yessza
08/07/2020 8:05 PM
aarontan1987 kakaman u speak from company is it ? can help tell the director that i complaint to SCM dy
08/07/2020 8:14 PM
aarontan1987 firewall9301 agreed 8000% bro. invest masuk ke dalam, shareholder pocket still can fat fat. this is call governance failure. mahai they really think investor bodoh
08/07/2020 8:16 PM
firewall9301 Such trends are common for BornOil. Talk 1 , Talk 2. Shioook sendiri only. Most if not all penny stocks have moved. BornOil ...Kamikazi. Buy peanuts to feed monkeys lagi shiook!
08/07/2020 8:21 PM
firewall9301 Karma...for those fake investors...who instigate for a quick gains.
08/07/2020 8:24 PM
aarontan1987 years prior when i am invested in this stock i should have contacted SCM to launch investigation to this stock dy one. cause that time i smell fishy stuff. how can such good prospect post here and there all investment go where? meanwhile pocket full full. wtf??? like they using stock to masuk pocket. knn thought is money game
08/07/2020 8:35 PM
firewall9301 Karma Karma.....! Punks...
09/07/2020 4:08 AM
Cojack31 Relax guys. This time price up above 10 cts. Lari kuat...kuat..no turning back lor.
09/07/2020 5:07 AM
6182al In Malaysia every day you see news of losses in stock then follow by right issue follow by consolidation but DIRECTOR'S FEE STILL GET BETTER LOSSES CAN CONTINUE YEAR AFTER YEAR BUT NO BODIES CARES BUT POOR CLIENTS ONLY SUFFER
09/07/2020 9:37 AM
aarontan1987 haiyah newspaper saw this volume so high conlanfirm this thing goreng oredi la. goreng useless shit to entice new investor masuk and kena hantam again. new investor if u read this dont buy this stock really i last time i think many years back oredi i kena kaw kaw dy. hope u dont kena
09/07/2020 10:42 AM
aarontan1987 ha i check dy volume trap lai liao careful those who buy now
09/07/2020 11:16 AM
chanmf6100 lucky, just now selling fast
09/07/2020 2:13 PM
aarontan1987 they dumping first level got two more level to dump. after dumping till third level will be what we all know as retracement so first and second dump usually wont be that massive load like higher high higher low la
09/07/2020 2:40 PM
Jeffreyteck Results of poor authorities? As for management, needles to say, price curve tells everything. Just treat it as a casino, good luck.
09/07/2020 4:04 PM
aarontan1987 chanmf6100 hahahaha lucky fast come out oi or else kena trap. i see they main trap nia this cipet stock. but if they want to goreng ah after this volume should be up oredi but u know la... BORNOIL MLM
09/07/2020 5:18 PM
firewall9301 (-ve) momentum
Borneo Oil Bhd
09/07/2020 7:25 PM
Pcmont123 Will be 20sen in one month.....
09/07/2020 9:21 PM
Sales I do not want to get trap again. Just becareful......I have no hope.....
09/07/2020 10:37 PM
Sales So many years also never go up to 0.20sen
09/07/2020 10:38 PM
Cojack31 Hahahahaha. Yessza 20 cts this time. After that sell..sell.
09/07/2020 10:55 PM
FarmbesFlyer Maybe 30 cents!! Gogo add oil!!
09/07/2020 10:58 PM
firewall9301 Same dick kepala using different IDs to blow trumpet for Bornoil. Punk !
10/07/2020 12:28 AM
aarontan1987 hahahahaha these sozhai never get trap before. once u kena u will learn very very very good experience. now i oredi know how not to kena trap dy
10/07/2020 12:42 AM
Cojack31 Fly2. No turning back.
10/07/2020 10:36 PM
firewall9301 Karma Karma!!!
11/07/2020 4:34 AM
Pcmont123 Ini kalilah......15 at least
11/07/2020 11:15 AM
Cojack31 Yes. Hope so.
11/07/2020 1:12 PM
Cojack31 After that lari kuat...kuatttrt
11/07/2020 1:12 PM
Sales Aarontan, I like your comment. Yes, a lot of us here kena trapped since 2016. Guys we all must be very careful. I think is not easy to goreng.
11/07/2020 3:13 PM
Sales If up 0.15sen, we all still make a loss.
11/07/2020 3:14 PM
Cojack31 Yesss. Hope this month with private placement & limestone project & borneo highway will make bornoil fly..c anzo how much now.. nothing is imposible. During gst all company die.
11/07/2020 9:21 PM
Cojack31 Gst time all very slow & drop..
11/07/2020 9:22 PM
BlackWhite If up should be now , later ,September stock market might see painful correction. 2 months go only
11/07/2020 9:41 PM
Cojack31 I think that y bornoil will push their price up
11/07/2020 10:53 PM
firewall9301 Now we see few IDs probably with the same intention (they hv accumulated Bornoil at very cheap prices e.g. New placements n ESOS). They are now acting in concert to promote Bornoil while they sell at each opportunities. Avail to common sense, there are plenty other shares with better prospects than Bornoil to invest!! Gold Soil explorations since 2015...no results release!! Bio faction?? No outcome....All talk one talk two....U still believe in shioook sendiri above comments !!!
12/07/2020 12:10 PM
Cojack31 For me believe or not. When im still holding / stuck this share. Hope it will be fly soon.if u r still holding also same right. If not u can sell .
12/07/2020 12:55 PM
Cojack31 But im happy price slowly2 up. Compare last time 2.5 cts only
12/07/2020 12:56 PM
Cojack31 Hoping monday price continue increase and can go above 10 cts.
12/07/2020 12:57 PM
Cojack31 6 cts not much. If they is something good for now. It will be push. Pdz from 6.5 cts. Now closed 20.5 cts yesterday. Anzo ..same also Nothing is imposible. Past ..during got gst many counter is die
12/07/2020 12:59 PM
firewall9301 Shioook sendiri.ke!
12/07/2020 3:27 PM
Cojack31 U think shioook. ?
12/07/2020 3:59 PM
FarmbesFlyer When it hit 20 cents, v shiook!?
13/07/2020 2:12 AM
firewall9301 Cronies...save saliva ....People dont buy yr BullShit anymore. Childish acts.
13/07/2020 12:41 PM
aarontan1987 @sales hahahahahaha. aiyoh i know this stock is bs one. gold mining tarak result but shareholder pocket keep rising. then u got hami exploration pun tak de result. this one worst than money game really hahahahaha. i dont want shiok with people who kena trap one cause i know sure got lots of people trap here at around maybe 8 cents to 11 cents range hahahaha
13/07/2020 1:35 PM
FarmbesFlyer I understand your anger if u stuck at high price. Those who buy at 5 cents or lower, u will harvest the fruits later.
13/07/2020 7:45 PM

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