Hi guys,
Of all 4 OGSE - DAYANG, CARIMIN, PENERGY & UZMA Of the Four UZMA Stands Out As A Grossly Oversold Stock
Let's Refer to DYNAQUEST Past Prices of Uzma (Till Year 2015)
CRITICAL STOCK MARKET INFORMATION
YEAR..............Year low....Year high............EPS
2008................0.47..........0.77....................4.8 sen
2009................0.45..........0.71....................-5.6 sen
2010................0.48..........0.72....................-0.7 sen
2011................0.56..........0.93....................5.6 sen
2012...............0.60...........0.89...................9.4 sen
2013...............0.80...........2.79...................14 sen
2014...............1.28...........4.28...................13.9 sen (Those who chased at peak price Rm4.28 for RI are stupid)
2015...............1.60..........,2.62...................16.8 sen
Why in year 2014 UZMA Share Price Jumped from a low of Rm1.28 to the all time high of Rm4.28?
These are 2 reasons
1) For 2 years Uzma EPS increased to double digits (14 sen for year 2013 & 13.9 sen for year 2014)
2) In Year 2014 Uzma gave out Rights Issue One for One at 75 sen
See
UZMA BERHAD |
Subject |
CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 132,000,000 NEW ORDINARY SHARES OF RM0.50 EACH (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM0.75 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH (“SHARES”) HELD IN UZMA AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE"); AND (II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF UZMA FROM RM100,000,000 COMPRISING 200,000,000 SHARES TO RM250,000,000 COMPRISING 500,000,000 SHARES AND IN CONSEQUENCE THEREOF, THE COMPANY’S MEMORANDUM OF ASSOCIATION BE ALTERED ACCORDINGLY (“PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL”). (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
Now if we take the very lowest price for year 2014 at Rm1.28
To qualify for RI at 75 sen the average cost will be
Rm1.28 + .75 divided by 2 = Rm1.015 or Rm1.02 per share cost to all Holders in year 2014
ASSUMING ALL DIRECTORS TOOK UP RIGHTS SHARES OF UZMA IN YEAR 2014 THEIR EX RIGHTS COST PRICE WILL BE RM1.02 PER SHARE
YES! THAT IS THEIR HOLDING COST TILL NOW IN YEAR 2019 (RM1.02)
QUESTION NOW IS
AT 66.5 SEN CURRENT PRICE OF UZMA IN REAL TIME HAVE THEY SOLD ANY FROM YEAR 2014 TO 2019?
AND WITHIN THESE 5 YEARS (2014 to 2019) IF THEY DID SELL....THEN DO WE KNOW AT WHAT PRICES THEY SOLD?
VERY GOOD.
FOR THE ANSWERS LET'S GO TO i3 INVESTORS' FORUM UNDER UZMA & TRACK DIRECTORS' BUYING OR SELLING ACTIVITIES FOR YEARS 2014 TO YEAR 2019
SO HERE WE SEE ALL THEIR TRADES FROM RI AT 75 SEN TO CURRENT PRICES
THE HIGHEST PRICE DISPOSED WAS RM3.60 & THE LOWEST DISPOSED PRICE WAS RM1.00 UNTIL YEAR 2018
FOR YEAR 2019 NO DIRECTOR SOLD ANY UZMA SHARES
IF WHAT 3 IB (INVESTMENT BANKS) DOWNGRADE WERE TRUE THE FIRST TO DISPOSE THEIR SHARES SHOULD BE DIRECTORS/INSIDERS
SO FAR NO DIRECTOR HAS SOLD ANY UZMA SHARES BELOW RM1.00
IN FACT IF YOU STUDY THE BUY/SELL MORE CAREFULLY THERE WAS ONLY ONE TRANSACTION DONE AT RM1.00
DATO' KAMARUL REDZUAN BIN MUHAMED | 16-Jul-2018 | Acquired | 1,000,000 | 1.000 |
![]() |
MR PETER ANGUS KNOWLES | 16-Jul-2018 | Disposed | 1,000,000 | 1.000 |
THIS 1,000 LOTS WERE SOLD BETWEEN 2 DIRECTORS OF UZMA
IF WE ELIMINATE THIS DEAL THEN WE KNOW EXACTLY THAT THE VERY LOWEST BASE PRICE OF DIRECTORS' SALE OF UZMA SHARES WAS RM1.20
YES! RM1.20 WAS THE LOWEST PRICE DIRECTORS WILLING TO SELL FOR THE LAST 5 YEARS
THEN WHO SOLD DOWN UZMA FROM RM1.20?
ANSWER:
1) THE FICKLE MR. MARKET
2) SORCHAI WHO LISTENED TO THE DOWNGRADES OF 3 IB (INVESTMENT BANKS)
3) KWAP
NOW AFTER UZMA WAS SOLD DOWN BELOW 60 SEN = 3 DIRECTORS REPORTED TO BURSA THAT THEY INTENT TO TRADE IN UZMA SHARES
AND THESE ARE 2 BUY TRANSACTIONS REVEALED:
DATO' CHE NAZAHATUHISAMUDIN BIN CHE HARON | 08-Aug-2019 | Acquired | 89,000 | 0.595 |
![]() |
DATO CHE NAZAHATUHISAMUDIN BIN CHE HARON | 07-Aug-2019 | Acquired | 80,000 | 0.576 |
NOW ALL MUST REMEMBER AND KEEP IN MIND THAT FOR ALL DIRECTORS WHO EXERCISED RIGHTS BUY ISSUE THEIR LOWEST NET HOLDING COST IS RM1.02
SO ANYTHING BELOW 75 SEN ALREADY A BUY
AT BELOW 60 SEN IT IS IRRESISTABLE BARGAIN
BUT UZMA EXPERIENCED DOUBLE BOTTOM OF 55 SEN TWICE
WHY DIDN'T DIRECTORS GAVE NOTICE TO BUY EARLIER
WHY ONLY NOW?
IS UZMA GOING TO SEE BETTER TIMES AHEAD?
BEST REGARDS
Calvin Tan Research
Please buy or sell after doing your own due diligence
Chart | Stock Name | Last | Change | Volume |
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WATCHING SINGAPORE NATIONAL DAY SPEECH
https://www.channelnewsasia.com/news/singapore/live-blog-national-day-rally-2019-11811160
2019-08-18 23:03
UZMA
Total Equity (RM m)
2018 480
2017 -
2016 421
2015 371
2014 264
2013 135
UZMA
Price 66.5 Sen
Financial Information
Market Capital (RM): 212.82m
Number of Share: 320.03m
EPS (cent): -
P/E Ratio: -
ROE (%): -
Dividend (cent): 0.000
Dividend Yield (%): 0.00
Dividend Policy (%): 0
NTA (RM): 1.540
For 2 long years, 2017 to 2018, insiders sold their shares in UZMA. Many who bought these shares from them (including Calvin ?) are having paper losses or realised losses.
THE SELLING IN 2018 by insiders were at prices below the company’s NAV, below book value. Why?
When the share price fell by 20%, don’t just buy. Ask, why has the share price fallen so massively. Is there any fundamental deterioration in the business? Look at the downside before embracing its upside.
How much upside is there in this company assuming Calvin bought this stock at 80 Sen or 90 Sen?
Maybe do a comparative study between RI of UZMA and the latest capital raising by AEON CREDIT? After RI in UZMA, its price fell below the price of its rights. The reverse is true for AEON CREDIT. What led to the different outcome? Study the ROE for an answer.
2019-08-19 08:28
For UZMA
After RI (Lowest cost Rm1.02) Directors sold from Rm1.20 to Rm3.60.
So they were making profits
2019-08-19 08:50
Why UZMA share price fell below RI of 75 sen?
ANSWER
BECAUSE
1) 3 IB (INVESTMENT BANKS) CALL FOR A SELL ON UZMA.
People with light ears and fearful hearts were selling.
NONE OF UZMA DIRECTORS SOLD BELOW RM1.00
IN FACT DIRECTORS JUST BOUGHT UZMA AT 59.5 SEN LAST WEEK
THE QUESTION SHOULD BE CURRENT
WHY DIRECTORS ONLY NOW STARTING TO BUY WHEN RESULTS FOR AUFUST 2019 GOING TO BE ANNOUNCED SOON?
2019-08-19 08:53
FORGET ABOUT AEO CREDIT FOR NOW AS NAJIB TAXED CHHB AND MK LAND WHO WERE TUN DR M CRONIES
NOW AEON CREDIT SUSPECTED TO BE OWNED BY ROSMAH
SO AEON CREDIT MIGHT FACE MORE TAXES SOON
JUST STICK WITH UZMA AS INSIDERS BUYING SHOW A MORE POSITIVE FUTURE
BUY THE NOW (DON'T GET STUCK IN THE PAST)
YOU MISSED THE RALLY IN CARIMIN, NAIM & LAFARGE WHILE TALKING SO MUCH
EMPTY VESSEL MAKES THE MOST NOISE
ALL BUYING UZMA WILL BE LAUGHING ALL THE WAY TO THE BANKS
2019-08-19 08:57
3iii?
Answer
1) IRRELEVANT (LIVE IN THE PAST)
2) IGNORANT (DON'T KNOW UP TO DATE INVESTMENT)
3) IDIOT (GO DISTURBING OTHERS WITHOUT ANY FRESH NEW IDEAS OR STOCKS TO RECOMMEND FOR THE LAST 5 YEARS) DON'T TELL US THERE ARE NO GOOD POTENTIAL STOCKS FOR NOW AND THE NEXT 5 YEARS (WHY SO STUCK IN IN PAST DINOSAUR STOCKS?)
2019-08-19 09:00
THE GOOD PROSPECTS OF UZMA
1) PRICE NOW SELLING FAR BELOW NTA AS A MARGIN OF SAFETY
VERY DEFENSIVE
2) INSIDERS STARTED BUYING.
THERE MUST BE SOMETHING BREWING AHEAD?
3) PETRONAS REFINERY IN RAPID NEEDS 54 MILLION BARRELS OF CRUDE (EXTRA) SO MORE JOBS FOR OG UPSTREAM JOBS TO BE AWARDED
AND UZMA IS IN THE RIGHT PLACE AT THE RIGHT TIME
4) MONSOON NOW OVER
APRIL TO JUNE 2019 MONTHS RESULTS SHOULD SHOW PROGRESS IN 16 OIL WELL DECOMMISSIONING JOBS COMPLETED
THIS WILL BOOST PERFORMANCE FOR AUGUST 2019
SO BUY NOW BEFORE GOOD RESULT OUT
NOT PANIC CHASE UZMA LATER AFTER RESULT OUT IN THE OPEN
SEE HOW CALVIN CHUN CHUN FORECAST KPS CASH PAYOUT AFTER KPS RECEIVED COMPENSATION FOR WATER ASSETS
ONLY AFTER CASH PAYOUT 32.60 SEN ANNOUNCED PEOPLE PANIC BUY KPS OVER RM1.69 TO THEIR DETRIMENT
SO BUY UZMA WHILE CHEAP NOW!!!
NOT CHASE UZMA IN PANIC LATER AND THEN BLAME CALVIN?
LISTEN LISTEN LISTEN!!!
THE TIME TO BUY UZMA IS NOW NOW NOW!!!
2019-08-19 09:09
Calvin is very poor in valuing his stocks.
With ROE of 3.5%, he wants you to value this company at its book value!
Maybe he should undergo a study under KC Chong too.
Such a gruesome company, after deriving your intrinsic value, you will still want a huge margin of safety, perhaps, 50% below the intrinsic value price.
2019-08-19 11:20
>>>
Calvin is very poor in valuing his stocks.
With ROE of 3.5%, he wants you to value this company at its book value!
Maybe he should undergo a study under KC Chong too.
Such a gruesome company, after deriving your intrinsic value, you will still want a huge margin of safety, perhaps, 50% below the intrinsic value price.
>>>>
Actually, the smarter investors give such company a pass and just look at others with quality and better upside/downside potential.
2019-08-19 11:25
Hahaha
A cow cannot eat meaty stock like beef
Only human eats meaty stock like Uzma with high NTA
2019-08-19 13:37
Just to educate RITA on gruesome companies. :-)
Let us now move on to businesses that Buffett has labeled as 'Gruesome' and he proffers the following view on them.
He says, "The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money.
Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers."
Indeed, if investors stick to 'Great' and 'Good' businesses in their investment lifetimes and buy them at attractive prices, they are unlikely to end up poor.
2019-08-19 16:05
Uzma at 68 sen has Nta of Rm1.54 provides a huge margin of safety
Back of value investing at its very core is Margin of safety. And margin of safety rest in it's net net assets which is also net value
Now net assets could be used as leverage for bank borrowings, or could be cashed out in emergency to meet debt obligation
And one very good aspect is liquidation for real value
Selling all net assets and convert to pure cash minus all liabilities will result in cash windfall
2019-08-19 21:33
Another good point is the attraction as a candidate for privatisation
Entities who look for value will take a company private by offering an attractive price
Example is Kulim.
Kulim has lousy earnings as a plantation company but Kulim own prime plantations in the Pengerang region
After Jcorp took Kulim private and offered it rm4. 10...a huge windfall of 60% from Rm2. 50 to all happy shareholders
Jcorp converted Kulim plantation lands to thriving housing enclave
So Nta is not static.
There is Value to be unlocked
2019-08-19 21:41
Another stock with poor earnings but high nta was TheStore
TheStore cannot compete with Tesco, Aeon or Giant so its sales are mediocre
BUT TheStore has high nta
So controlling share holders offered to take TheStore private by offering a premium of more than 30%
Now TheStore owns very prime lands of great value
So TheStore was not taken private for its business but for its assets value
2019-08-19 21:44
Calvin can understand assets as an ultimate store of value because Calvin and group owns and manage more than 30 houses
I doubt 3iii owns more than 2 houses.
He has no idea of assets focus type of investment
2019-08-19 21:46
Assets are cash in solidifaction
Think like this
We start with nothing
First we work for cash
Then we buy substance
1. WE BUY A HOUSE. CASH IS NEEDED FOR DOWNPAYMENT AND INSTALLMENT
SO CASH IS CONVERTED PROGRESSIVELY TO ASSETS.
HOUSES DO APPRECIATE OVER TIME
2019-08-19 21:48
We also buy cars
Cash is converted to cars
Now houses are appreciating assets while cars are depreciating assets
So better buy a house of value and drive an economical car like Warren Buffet
2019-08-19 21:49
In Uzma case it buys HWUs
These hwus were bought when USD was only one to rm3. 00
Now USD has gone up more than 30% against ringgit
OGSE ppe are very expensive
So there is high barrier of entry
Uzma is fortunate to own a whole spectrum
2019-08-19 21:52
Coming up next
Uzma also invest in high quality high profit companies to generate superior returns
2019-08-19 22:28
calvintaneng
Just like NAIM FIRING UP UZMA ALSO GOT POWERFUL BOOSTERS SOON
1) APRIL TO JUNE 2019 16 OIL WELL DECOMMISSIONING WILL BE SMOOTH AS MONSOON OVER. CASH PROFITED TO BE REPORTED
2) KWAP SELLING ALMOST FINISHED
3) EPF MIGHT RESTART BUYING AGAIN
EPF BOUGHT FROM 90 SEN TO OVER RM1.00
SEE
EMPLOYEES PROVIDENT FUND BOARD 24-May-2019 Acquired 237,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 06-May-2019 Acquired 157,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 30-Apr-2019 Acquired 100,000 0.000
EMPLOYEES PROVIDENT FUND BOARD 19-Apr-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Apr-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 11-Apr-2019 Acquired 79,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 09-Apr-2019 Disposed 135,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Mar-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 28-Mar-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Mar-2019 Acquired 90,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 26-Mar-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 22-Mar-2019 Acquired 14,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 21-Mar-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2019 Acquired 100,000 0.000
WHO HAS MORE FIRE POWER?
KWAP OR EPF
EPF OF COURSE!!
EPF = EXTRA POWER FIRING
4) DIRECTORS/INSIDERS BUYING SHOW OPTIMISM
SEE
DATO' CHE NAZAHATUHISAMUDIN BIN CHE HARON 08-Aug-2019 Acquired 89,000 0.595 View Detail
DATO CHE NAZAHATUHISAMUDIN BIN CHE HARON 07-Aug-2019 Acquired 80,000 0.576
2019-08-18 21:58