Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sat, 15 Jun 2019, 3:25 PM

 

UZMA (7250) UTTERLY ZEALOUS MASTERING ALL. THE OnG LAGGARD WITH BEST POTENTIAL, Calvin Tan Research

Author:   |    Publish date:


Hi guys,

Today is D-Day for Reckoning of US-CHINA TRADE WAR. 

Many are selling in despair. So This Is The Best Time To Be Greedy When Others Are So Fearful

Image result for be greedy when others are fearful picture

 

THAT'S IT

THE SECRET IS OUT. TIME TO BUY WHEN OTHERS ARE FEARFULLY SELLING

 

NOW OF 1.000 OVER STOCKS IN BURSA CALVIN HAS UNCOVERED ANOTHER GEM = 

 

 

UZMA 

UTTERLY

ZEALOUS

MASTERING

ALL

AND THESE ARE MY REASONS FOR BEING SANGUINE ON UZMA

 

1) AT 80 SEN WITH NTA OF RM1.53 UZMA IS SELLING AT A DEEP 48% DISCOUNT TO NAV.

THIS GIVES US A GOOD MARGIN OF SAFETY

RM60 MILLIONS ARE IN REAL ESTATE. THE REST CONSIST OF HWUs (Ha I thought only Velesto has HWUs), Sea Submersible & a Plethora of Oil & Gas Equipments Far more than Carimin or Penergy 

 

2) THE OIL & GAS EQUIPMENT ASSETS OF UZMA ARE WELL OILED AND IN TOP CONDITION DUE TO BEING CONSTANTLY EMPLOYED THROUGH GOOD AND BAD TIMES (Unlike many left idle & rusty in lean tmes)

Penergy just reported another good revenue quarter of Rm110 Millions. BUT ITS BIG PROBLEM WAS DUE TO COSTS OF SALES WHICH ATE INTO ITS PROFITS

WHY THE COST OF SALES SO HIGH?

Let me illustrate

I Renovated more than 20 Houses in Booming Iskandar. The Most expensive one was the FIRST FEW

WHY SO?

BECAUSE TO RENOVATE A HOUSE THERE ARE COSTS

1) BUYING WHEEL BARROWS TO TRANSPORT BRICK & SAND

2) WATER JET TO CLEAN WALLS & ROOF TILES TO PREPARE FOR FRESH COAT OF PAINT

3) WELDING SETS & CUTTERS TO MAKE GRILLS

4) GRINDERS, POLISHERS & MANY OTHERS

5) MOBILE CEMENT MIXERS

IF THESE ARE NOT BEING OILED & IN CONSTANT USE THEY WILL RUST OR GET SPOILED

 

THIS IS WHY COSTS OF SALES (OR COSTS OF WORK) CAN EAT INTO PROFIT FOR ANY JOB. 

WHILE PENERGY HAS FACED LEAN TIMES TILL LATELY

UZMA HAS BEEN GETTING JOB AFTER JOB (SO ITS COSTS OF SALES SHOULD BE MANAGEABLE)

See

PROSPECTS AND PROGRESS TO ACHIEVE FORECAST FOR NEXT FINANCIAL YEAR Barring any unforeseen circumstances, the Directors remain optimistic with the Group’s prospects for the remaining period to the end of financial year and next financial year, based on the positive developments of the Company specific in PTD 2018 as follows

(i) On 1 April 2014, the Company announced that a contractor Group that includes its wholly owned subsidiary, Uzma Energy Venture (Sarawak) Sdn. Bhd. and EQ Petroleum Developments Malaysia Sdn. Bhd. (“Contractor Group”), had on 27 March 2014 signed a Small Field Risk Service Contract (“SFRSC”) with Petroliam Nasional Berhad to carry out the development and production of petroleum from the Tanjung Baram Fields.

(ii) As announced on 10 July 2015, UESB was awarded by PETRONAS Carigali Sdn Bhd (“PCSB”) with a contract for Leasing, Operation and Maintenance of the D18 Water Injection Facility for PCSB. The contract value is estimated at RM350 million to RM400 million. The duration of the contract is for 5 years leasing period effective from 31 March 2016.

(iii) As announced on 6 February 2017, UESB was awarded by PETRONAS Carigali Sdn Bhd with an Umbrella Contract for the Provision of Electric Wireline Logging (EWL). The contract will run for a duration of 3 years, commencing from 1 December 2016 to 30 December 2019, with two extension options of 1 year each for Cased Hole Logging Services across the Pan Malaysia area. Upon issuance of specific work order, the Company expects the contract to contribute positively to its future earnings.

(iv) As announced on 28 February 2017, Uzma Engineering Sdn. Bhd. (“UESB”) was awarded by Murphy with a contract for the Provision of Hydraulic Workover Unit and services. The contract will run for a duration of 2 years with an extension option of one (1) year. Upon issuance of specific work order, the Company expects the contract to contribute positively to its future earnings.

(v) As announced on 22 March 2017, UESB was awarded by PETRONAS Carigali Sdn Bhd with a contract for the Provision of Fishing Equipment and Services and services. The contract will run for a duration of 2 years with an extension option of one (1) year. Upon issuance of specific work order, the Company expects the contract to contribute positively to its future earnings.

(vi) As announced on 9 January 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd three (3) umbrella contracts for the provision of electrical submersible pump (“ESP”) and services for PCSB as follows:- (a) Supply of Joineted Tubing ESP and the Deployments; (b) Supply of Coiled Tubing ESP and the Deployment; and (c) Surveillance, Monitoring and Maintenance of ESP. The tenure of the contract is three years from 20 November 2017 to 19 November 2020 with first extension option of one (1) year. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

(vii) As announced on 17 January 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for the provision of Hydraulic Workover Unit (“HWU”) – “Ghazi 461” from 28 December 2017 until completion of three (3) firm well with extension option of a further six (6) wells. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

(viii) As announced on 1 March 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of 150K, 225K and 460K Drilling of Hydraulic Workover Unit (HWU). The tenure of the Umbrella Contract is three (3) years from 6 February 2018 to 5 February 2021 with an extension option period of one (1) year. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

(ix) As announced on 27 April 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of Well Abandonment Integrated Services. The tenure of the Umbrella Contract is two (2) years from 29 March 2018 to 29 March 2020 with an extension option period of one (1) year. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

(x) As announced on 25 July 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of Drilling Fluids and Associated Services. The tenure of the Umbrella Contract is five (5) years from 30 May 2018 to 30 May 2023. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings. (xi) As announced on 7 August 2018 and 8 August 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd a work order for the Provision of Well Abandonment Integrated Services for Pulai-A (“the Work Order”). The tenure of the Work Order is from 2 July 2018 until the completion of 22 firm wells which is estimated to be within the next 12 months. The Group expects the Work Order to contribute positively to its future earnings

. (xii) As announced on 29 January 2019 and 31 January 2019, Uzma completed the proposed acquisition in accordance with the terms and conditions of the share sale agreement to acquire additional 15% equity interest in SVP. The acquisition is which resulting SVP becoming a subsidiary to Uzma’s Group and expected to contribute positively to the Group’s future earnings.

 

3. UZMA GOING TO SEE GREAT REVENUE AND HIGHER PROFITS IN COMING QUARTERS OF YEAR 2019

Yesterday Jaks up due to 5 sen profit & Teo Seng gone up even higher due to 7 sen profit

NOW WILL UZMA REPORT BETTER AND BETTER PROFITS FOR YEAR 2019 COMING QUARTERS

YESSS!

TAKE A LOOK AT THESE JOB AWARDS

(x) As announced on 25 July 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd for an umbrella contract for the Provision of Drilling Fluids and Associated Services. The tenure of the Umbrella Contract is five (5) years from 30 May 2018 to 30 May 2023. Upon issuance of specific work order, the Group expects the contract to contribute positively to its future earnings.

(xi) As announced on 7 August 2018 and 8 August 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd a work order for the Provision of Well Abandonment Integrated Services for Pulai-A (“the Work Order”). The tenure of the Work Order is from 2 July 2018 until the completion of 22 firm wells which is estimated to be within the next 12 months. The Group expects the Work Order to contribute positively to its future earnings

 

UZMA WAS NOT INCLUDED IN THE FIRST 5 OGSE JOBS GIVEN TO CARIMIN, DAYANG, PENERGY, DELEUM & SAPNRG

BUT UZMA WAS FINALLY SELECTED FOR THE 2ND OGSE GROUP OF 12 ON JULY 2018 BY PETRONAS WHILE BOTH CARIMIN & DAYANG WERE DROPPED (PENERGY STILL GOT 2 OGSE AWARD)

SO WE WILL SEE UPTURN IN GOOD RESULTS FOR UZMA ( UZMA ALSO INTO DRILLING FLUID TO COMPETE AGAINST SCOMIES)

ANOTHER VERY BIG BIG JOB AWARDS ARE THESE

READ AGAIN

(xi) As announced on 7 August 2018 and 8 August 2018, UESB was awarded by PETRONAS Carigali Sdn Bhd a work order for the Provision of Well Abandonment Integrated Services for Pulai-A (“the Work Order”). The tenure of the Work Order is from 2 July 2018 until the completion of 22 firm wells which is estimated to be within the next 12 months. The Group expects the Work Order to contribute positively to its future earnings

UZMA SECURED A WELL ABANDONMENT JOB ON 2ND JULY 2018 FOR 22 OIL WELLS WHICH ARE TO BE COMPLETED BY 2ND AUGUST 2019 (12 MONTHS SCHEDULE)

HA! THIS IS A ONE YEAR JOB ENDING SOON IN LESS THAN 2 MONTHS' TIME

AND THERE ARE A TOTAL OF 22 OIL WELLS

DID YOU READ CORRECTLY?

TWENTY TWO OIL WELLS!!!

READ AGAIN?

TWENTY & TWO OIL WELLS!!!

THAT IS A LOT OF WORK TO BE DONE ON THE HIGH SEAs

THAT MEANS LOTS AND LOTS OF REVENUE & PROFIT

22 WELLS MEAN 22 JOBS IN ONE!!! 22 JOB AWARDS?

YESSS!

 

4) UZMA GOES FOR HIGH MARGIN JOB AWARDS ONLY ACCORDING TO MANAGEMENT

Leaving Manpower Jobs which only give 3% Profit UZMA IS GUNNING FOR AT LEAST 35% GROSS PROFIT

SO ARE THESE OIL WELL DECOMMISSIONING PROFITABLE?

LET"S SEE

TECHNOLOGY Field abandonment costs vary widely worldwide

 

 

Ashley Pittard 
University of New South Wales 
Kensington, Australia
Options for abandoning offshore producing fields are broad and many variations exist in the world, each having advantages and disadvantages.

Typically, wells will be plugged and abandoned, topsides will either be taken to shore or recycled, and substructures can be totally or partially removed, or left in place.

 

Abandoning offshore fields has four distinct stages:1

 

  1. Develop, assess, and select options and create a detailed planning process that includes engineering and safety preparedness.

     

  2. Cease oil or gas production and safely plug and abandon wells.

     

  3. Remove all or part of the offshore structure (in most cases).

     

  4. Dispose of or recycle removed equipment.

Estimates vary widely, but decommissioning the 6,500 platforms may cost between $29 and $40 billion. The U.K. and Norway areas, alone, are estimated to represent more than 50% of this cost.

HOW MUCH PER WELL?

USD446,153 (USD2.9 Billions divide by 6,500 Wells)

In Ringgit term

446,153 x 4.20 =  RM1873842.6

FOR 22 WELLS 1,873,842 x 22 = 41,224,524

 

THIS JOB REVENUE IS RM41.2 MILLIONS

AT 35% GROSS PROFIT = 14.42 millions

JUST THIS SINGLE JOB SHOULD TRANSLATE TO A NICE PROFIT OF 4.48 SEN IN PROFIT (NOT COUNTING OTHERS YET)

 

WITH THESE 3 IN VIEW

1) PETRONAS RAPID NEEDS 54.7 MILLION BARRELS OF CRUDE OIL PER YEAR

2) PH GOVT NEEDS REVENUE FROM PETRONAS FOR DEVELOPMENT EXPENSE (PETRONAS GAVE EXTRA RM30 BILLIONS LAST YEAR)

3) PETRONAS INCREASED CAPEX BY RM30 BILLIONS FOR UPSTREAM JOBS DUE TO HIGH CRUDE NOW AT USD70 PER BARREL

 

OIL AND GAS COUNTERS WILL CONTINUE TO DO VERY WELL

 

CALVIN THINKS ALL OIL AND GAS COUNTERS SHOULD PERFORM WELL

THIS TIME OF PRICE WEAKNESS PRESENTS US A WONDERFUL OPPORTUNITY TO BUY CHEAP

AND I THINK UZMA STANDS OUT IN TERMS OF VALUE, GROWTH WITH HIGH MARGIN OF SAFETY

 

AT 80 SEN NOW CALVIN HAS A MODEST TARGET PRICE FOR UZMA AT RM1.60 IN ONE YEAR

 

BEST REGARDS

 

Calvin Tan Research

Singapore

 

Please buy or sell after doing your own due diligence

 

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Labels: UZMA

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Chart Stock Name Last Change Volume 
UZMA 0.625 +0.005 (0.81%) 2,680,300 

  Be the first to like this.
 
calvintaneng NOTE

THE 22 WELL DECOMMISSIONING JOB LAST ONLY ONE YEAR FROM JULY 2018 TO JULY 2019

THIS SINGLE JOB WILL GARNER A PROFIT OF 4.48 SEN

RESULT WILL BE OUT NOW OR IN AUGUST 2019

PLUS IN JULY 2019 UZMA WAS INCLUDED IN THE SECOND OGSE (OIL & GAS SERVICE EQUIPMENT) AMONG CHOSEN 12 JOB

SO EXPECT UZMA TO REPORT BETTER PROFITS FOR YEAR 2019 & ONWARD!!!
10/05/2019 12:18 PM
Beary Hhahaha calvin and his johor gang use rm1 million to pump up the price 5% then tell u guys to chase.

They will then happily unload to you guys when price go up further.

Then sunday can go to church and donate some.
10/05/2019 12:19 PM
calvintaneng Posted by Beary > May 10, 2019 12:19 PM | Report Abuse

Hhahaha calvin and his johor gang use rm1 million to pump up the price 5% then tell u guys to chase.

They will then happily unload to you guys when price go up further.

Then sunday can go to church and donate some.

YOU ARE STILL HIBERNATING?

WAKE UP!!

CALVIN CHUN CHUN CALL ON NAIM AT 50 SEN WAS ROCK SOLID

SEE

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/192653.jsp


UZMA LIKE NAIM HAS MULTIPLE INCOME GENERATING ASSETS

SOLID GOOD RESULTS WILL PROPEL UZMA SHARE PRICE

WE SEE AHEAD BY CAREFUL STUDY

WE BUY WHILE CHEAP BELOW RM1.00

OTHERS WILL SEE UZMA GOOD RESULTS LATER

BY THEN WHEN ALL CAN SEE INCLUDING SLEEPY BEAR?

UZMA FLEW AWAY!!!

WAHAHA!!
10/05/2019 12:24 PM
Beary How about your bjcorpse?

Jatuh sentiasa Jtiasa?

Cibaipuki CBIP?
10/05/2019 12:28 PM
calvintaneng BETER WAKE UP

NOW THIS YEAR GOT OIL AND GAS BULL RUN THEME

POWERFUL FACTORS ARE

1) PETRONAS ALREADY BUILT RAPID REFINERY FOR OVER RM100 BILLIONS

CANNOT LET IT GO TO WASTE

SO PETRONAS NEEDS EXTRA 54.7 MILLION BARRELS OF CRUDE OIL URGENTLY

ALL OnG PLATERS WILL BE SUMMONED TO WORK VERY HARD TO GET THAT EXTRA OIL
10/05/2019 12:33 PM
calvintaneng NO. 2

PH GOVT POKAI BY BN CHEATING NEEDS LOTS OF MONIES FROM PETRONAS

ALREADY GIVEN EXTRA RM30 BILLIONS TO PH GOVT

SO PETRONAS NEEDS TO REPLENISH ITS COFFERS BY SELLING EVEN MORE OIL
10/05/2019 12:34 PM
calvintaneng NO. 3

BRENT CRUDE NOW OVER USD70 or OVER RM280 PER BARREL

VERY PROFITABLE FOR PETRONAS AND ALL OnG PLAYERS TO EXTRA MORE PRECIOUS OIL FOR SALE

Last Time One USD was Rm2.40 before 1997

Now One USD is Rm4.20

SO GOOD SELLING CRUDE OIL FOR HIGH FOREIGN EXCHANGE

PETRONAS BOLEH

UZMA MESTI BOLEH

HIP HIP HOORAY!!
10/05/2019 12:37 PM
calvintaneng PETRONAS IS POURING A WHOPPING RM30 BILLIONS FOR UPSTREAM OnG JOBS THIS YEAR

THAT MEANS LOTS AND LOTS OF REVENUE FOR O&G ENTITIES

UZMA BEING ABLE TO GENERATE 35% IN GROSS PROFIT WILL MAKE LOTS MORE NOW THAN EVER BEFORE

UZMA

UTTERLY

ZEALOUS

MASTERING

ALL
10/05/2019 12:39 PM
calvintaneng SEE THIS SECRET BY SIFU WARREN BUFFET

https://www.google.com/search?q=be+greedy+when+others+are+fearful&tbm=isch&source=univ&sa=X&ved=2ahUKEwj2lsjckpDiAhUS6nMBHWm9DAgQsAR6BAgJEAE&biw=1920&bih=937#imgrc=MusS71PMcfYDPM:
10/05/2019 12:42 PM
GOLD HEAVEN Just hold.
UZMA has a very good fundamental .Thanks to the effort by the management . Profit margin has been improved to nearly 30%, NTA 1.53 , around RM100m cash. Order book more than 1.2billion
Institution and boss hold more than 70% and the floating share is very less.

This will be like Penergy. Sooon after MAY report . It will limit up

BUY BEFORE TOO LATE
11/05/2019 5:15 PM
joetay7 Post removed. Why?
11/05/2019 9:00 PM
calvintaneng Who is bodoh leh?

Joetay bought mbsb (mata buta Salah beli)
Fgv (fraud governed victim)

Or those follow Calvin buy
Naim at 50 sen
Azrb at 34.5 sen
Uzma now?
12/05/2019 12:16 AM
calvintaneng 3 BIG QUESTIONS FOR ALL

1) HAS ANYONE STUDIED CAREFULLY All THE JOBS AWARDED AND THE REVENUE?

2) WHEN WILL THESE JOBS BE COMPLETED? WHAT IS THE TIME GIVEN?

3) WHAT ARE THE EXPECTED PROFITS IF MANAGEMENT STATED 35% GROSS PROFIT FROM SALES

IF YOU CAN FIND ANSWERS TO THESE ONE BY ONE

THEN YOU SHOULD BE VERY KAYA LEOW!!!
12/05/2019 11:16 AM
Destiny88 Quite interesting to see EPF increase it total shareholding from 28,923,600 - 9 % to 29,929,500- 9.4% in less than 2 months


Dato Kamarul 109,326,764 -34.12%
Lembaga Tabung Haji 26,263,200 - 8.3%
KWSP 32,408,900 -10.12%

Locan Institution control more than 30% while boss control more than 30% too.
International fund control another 20%
Floating ticket is less than 10%.

Quarter report should be announced any time in this month . We can see some Excellent result since they recently completed a few projects and increase total shareholding SeteGap Petroleum to more than 65%.

Note that Setegap is another very high profit margin company
12/05/2019 11:38 AM
calvintaneng Correct

Setegap is a proven high profit buy

Uzma Directors insist on getting at least 35% gross profit

NO more small profit labor intensive jobs like before
22/05/2019 3:36 PM
calvintaneng Uzma has no impairment like Dayang from insolvent perdana

All its revenue and profits will be reported as it is

With revenues from 3 oil rigs being commissioned and 22 old rigs in decommissioning plus so many jobs awarded 2019 year results should be much better
22/05/2019 3:39 PM


 

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