Hi guys,
Looks like I am getting more and more bullish on Uzma
Why?
BECAUSE UZMA IS STILL A LAGGARD COMPARED TO NAIM, DAYANG OR CARIMIN
BECAUSE UZMA IS STILL SO CHEAP I AM SHOUTING OUT ITS VALUE!
NOW AMONG ALL THESE 4 OGSEs - CARIMIN, PENERGY, DAYANG & UZMA
UZMA PRICE TO BOOK VALUE IS STILL LESS THAN 50% (THAT IS WHY UZMA LOOKS CHEAP & UNDEMANDING
NOT ONLY UZMA HAS HIGH NTA - UZMA ALSO GOT HIGH VALUE & PROFITABLE COMPANY. THE ACQUISITION IS PROVEN SUCCESS IN THE OIL AND GAS INDUSTRY
IN JAN 2019 UZMA SPENT RM36 MILLIONS TO ACQUIRE ANOTHER 15% OF SETEGAP (ALREADY OWNED 49% & PLUS THIS PURCHASE UZMA HAS INCREASED ITS OWNERSHIP TO 64% FOR FULL CONTROLL)
UZMA BERHAD |
Type | Announcement |
Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description |
UZMA BERHAD ("UZMA" OR THE "COMPANY")
PROPOSED ACQUISITION OF AN ADDITIONAL 15% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION")
|
On behalf of the Board of Directors of Uzma (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that Tenggara Analisis Sdn Bhd (“Tenggara”), a wholly-owned subsidiary of Uzma, had on 29 January 2019 entered into a conditional share sale agreement (“SSA”) with Nasri Nasrun Ventures Sdn Bhd (“NNVSB” or the “Vendor”) to acquire 694,350 ordinary shares in Setegap Ventures Petroleum Sdn Bhd (“SVP”) (“Sale Shares”), representing 15% equity interest in SVP, for a cash consideration of RM36 million (“Purchase Consideration”) (“Proposed Acquisition”).
UNLIKE KPS WHICH BOUGHT AN ENTIRE NEW UNPROVEN COMPANY UZMA IS BUYING A TRIED AND TESTED COMPANY WHICH GAVE HIGH PROFIT TO THE GROUP
SEE MORE CLEARER PROPOSED ACQUISITION 2.1 Details of the Proposed Acquisition SVP is currently a 49%-owned joint venture entity of Tenggara. Upon completion of the Proposed Acquisition, Tenggara will hold a total of 64% equity interest in SVP. Thus, the Proposed Acquisition represents a strategic move to allow Uzma to exercise further control over the operations and business direction of SVP. SVP is principally involved in the provision of support services to the oil and gas (“O&G”) industry such as well pumping and coil tubing. Such services are complementary to the existing services offering of Uzma and its subsidiaries (“Uzma Group” or the “Group”) such as geoscience and reservoir engineering, drilling as well as project and operation services for the O&G industry. The Group may be able to further integrate the business operations of SVP with its own and extract synergistic benefits such as cost reduction through the pooling of resources and streamlining of operations. SVP has been contributing positively to the Group’s earnings since Tenggara’s acquisition of 30.02% and 18.98% equity interest in SVP back in January 2012 and January 2015 respectively. For the 18-month financial period ended (“FPE”) 30 June 2018(1), SVP contributed RM10.39 million to the Group’s profit before tax (“PBT”). The increase in equity ownership of SVP will allow the Group to consolidate a higher percentage of SVP’s earnings. |
SO THE RM36 MILLIONS WERE PUT TO GOOD USE
JUST LIKE COMPLETE LOGISTIC BUILT 2 NEW WAREHOUSES TO EXPAND REVENUE & PROFIT UZMA MANAGEMENT IS PRO ACTIVE TO BUY MORE SHARE OF SETEGAP FOR FURTHER EARNINGS
SEE HOW CALVIN CALLED FOR A BUY ON COMPLETE LOGISTIC WHEN NAYSAYERS WERE SELLING
While Its Share Price has gone down by 49% the NTA of COMPLETE has gone up from Rm1.05 to Rm1.12 (Up 6.6%)
Why NTA grew?
Answer:
COMPLETE LOGISTIC BUILT AND 2 MORE WAREHOUSES.
Management cautioned that both Land & Sea Transport are stagnating so they did not expand more Fleet of Ships or Trucks but Built New Warehouses in Strategic Locations in anticipation of the surge in Warehousing Demand
And they are Chun Chun Indeed!
See
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Uzma bought into a proven profitable by buying 15% more to increase its stake to 64%
And Setegap is already proven to be highly profitable for more than 6 years
So Uzma is buying a "sure thing"
That is why Uzna's management is sanguine even though outsiders like 3IBs think differently
AND though Kwap sold down Uzma shares none of the Directors are willing to sell Uzma below Rm1. 00
From here we can see how undervalue is Uzma due to the bearish Mr Market in his bout of fainting fits
We should be happily buying from this mood swing to our longer term investment advantage
2019-08-20 07:56
All know the theory of being greedy when others are fearfully selling
All want to emulate great Sifu Warren Buffet
BUT who has the fortitude like Warren who dared to buy Goldman preference shares in the subprime crash
AND in real practice we actually do the opposite
Who dared to buy Naim at 50 sen when Calvin was bullish with buy call?
AND now that Naim has doubled in price so many turned bullish but Calvin turned cautious
So now is not the time to continue chasing Naim
Now that 3 IBs have caused sell down on Uzma with so many being fearful and doubting Calvin has turned bullish instead
To succeed we must buy into fear and sell into euphoria
2019-08-20 08:17
Carimin was 39 when Calvin issued buy call
Now in euphoria people chased it over 100%
Calvin issue sell call for Carimin
Naim was 50 sen when Calvin called for a buy
Now Naim up by more than 100% and people really getting excited over Naim
Calvin thinks all must be trade cautiously on Naim
Uzma is the only laggard in the OGSE field
So Calvin is bullish on Uzma
Uzma is the correct buy while Carimin is a sell and Naim is no longer cheap
So
Buy Uzma
Sell Carimin
Naim? Neutral position
2019-08-20 08:53
apolloang
how about KPS can become like puncak? hahaha
2019-08-20 02:57