Dear Friends, Investors & Traders,

OGSE & NFCP Stocks are both CYCLICALS. Cyclicals are stocks which move up like a ferris wheel in its upward & downward cycles 

When these have jobs in their seasons they will do very well. And out of season without sales they will suffer badly

Take planting durians and planting papaya fruit for examples. A papaya tree bears fruit all the year round while the durian trees only bear fruit once or twice a year

So an owner of a papaya plantation will always have fruit to sell. This type of business is like TNB & TELEKOM. They both will have perennial income because consumers use them every single day

Not for OGSE or NFCP Stocks. OGSE only good when Brent Crude Price is high and Petronas decides to spend more monies in exploration for more oil. So OGSE Stocks like Carimin, Uzma, Dayang & Penergy will do well. But after Brent crude weakens and there is already surplus oil then there will be a slow down of OGSE Job awards from Petronas

In that case we must sell these OGSE Stocks early and not over stay. So Calvin thinks OGSE Stocks like Carimin, Uzma, Dayang & Penergy are rich in prices and all should now take profit. (Final decision is yours) However, for OGSE supporting entities whose prices are still low there will still be upside. Calvin likes Scomies & Destini. Scomies because its mother Scomi needs money and doing a capital exercise in Scomies to extract cash to help pare down Scomi high debt

This is good. As CEO still holding 1.8 Millions Scomies shares bought at 10.5 sen and if there is a cash payout he will benefit as well as we who own Scomies shares. All 3 of these Calvin owned before = Pm Corp, Rcecap & Dutaland had capital exercises and later gave cash payouts. Only in Rights Issue or Private Placements Companies ask for monies. In share consolidation they usually do the opposite. They consolidate to wipe of past losses from book value and then give a cash payout.

As for Destini it has just received a fresh 5 year job from Petronas

See

DESTINI BERHAD (“DESTINI” OR “COMPANY”) LETTER OF AWARD 1. INTRODUCTION The Board of Directors of Destini is pleased to announce that Destini Oil Services Sdn Bhd (“DOS”), a wholly-owned subsidiary of Destini, had on 20 September 2019 received a Letter of Award from PETRONAS Carigali Sdn Bhd (“PCSB”) for the Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs) (“Contract”). 2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:

(i) The contract to be executed between PCSB and DOS pursuant to the Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024, unless extended or terminated in accordance with the terms and conditions of the Contract;

(ii) The Contract does not constitute any commitment by PCSB to guarantee any minimum quantity of works to be performed by DOS. Any instruction for the works shall be made on a call-out basis through the issuance of work order by PCSB;

(iii) DOS shall provide PCSB an irrevocable and unconditional first call Bank Guarantee, in the amount equivalent to 5% of the work order value, issued by a local commercial bank operating in Malaysia and acceptable to PCSB, within 60 days from the date of the work order; and

(iv) DOS shall provide PCSB with a Parental Guarantee duly executed by its holding company or principal within 60 days from the date of the Letter of Award, 20 September 2019. 3. INFORMATION ON PCSB PCSB, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), is a leading exploration and production (E&P) company taking on increasingly challenging projects to bring new oil & gas supplies to the market. PCSB was incorporated in Malaysia under the Companies Act, 1965 on 11 May 1978 and has its registered office at Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The principal activities of PCSB are the exploration, development and production of oil and gas. 

This Announcement is dated 9 October 2019.

Let's look at this contract

 Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs)

 Pan Malaysia UmbrellaContract

Umbrella contract. Related Content. An over-arching contract of employment (either express or implied), during which time the worker is ostensibly engaged in a series of individual contracts. Under the umbrella contract, continuity of employment is preserved even where there are gaps between the individual contracts. the Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024

In other words this contract lasts for 5 years even though there might be gaps where there is no active jobs being done.

So 

 Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors

Now this job is not just for End of Life Well Abandonment like Uzma got for decommisioning 22 Oil Wells

It abandonment the Wells are completely dry and the OIl Platform will be dismantled & removed from the sea to prevent other ships from knocking into it

Workover meaning

Workover - Wikipedia

The term workover is used to refer to any kind of oil well intervention involving invasive techniques, such as wireline, coiled tubing or snubbing. More specifically, a workover refers to the expensive process of pulling and replacing completion or production hardware in order to extend the life of the well.

the expensive process (it means high profit for Destini. Hooray!)

 

WORKOVER MEANS THERE IS STILL OIL IN THE WELL BUT IT NEEDS TO DO MAINTAINENCE TO EXTEND THE LIFE OF THE WELL

SO WORKOVER IS A BETTER PAYING JOB THAN WELL ABANDOMENT

DESTINI HAS DONE WELL TO SECURE THIS 5 YEAR JOB CONTRACT

THIS SINGLE JOB AWARD WILL PROPEL DESTINI INTO A MORE PROFITABLE PATH!!

SO CALVIN URGE ALL TO SELL ALL OGSE TIER ONE (CARIMIN, UZMA, DAYANG & PENERGY) INTO STRENGTH AND SWITCH TO NFCP STOCKS LIKE NETX, OPCOM, REDTONE, MUIPROP & TIER 2 OGSE STOCKS LIKE SCOMIES OR DESTINI

Now you must realise that Calvin sees longer term

You must not invest with Nov 2019 Quarter Results in view

YOU MUST SEE AND INVEST BEYOND NOV 2019 UNTIL NFCP JOBS ARE AWARDED & FINAL RESULTS OF GREAT PROFITS ARE OUT

JUST LIKE WHEN CALVIN CALLED FOR A BUY ON CARIMIN ON JAN 26TH 2018 WHEN PRICES WERE CHEAP AND RESULTS WERE REALLY BAD THEN

See

 

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000
1	Revenue	24,734	32,846	24,734	32,846
2	Profit/(loss) before tax	-71	1,773	-71	1,773
3	Profit/(loss) for the period	-183	1,635	-183	1,635
4	Profit/(loss) attributable to ordinary equity holders of the parent	-277	1,646	-277	1,646
5	Basic earnings/(loss) per share (Subunit)	-0.12	0.70	-0.12	0.70
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6778		0.6791

 

AFTER THIS BAD QUARTER RESULT OUT CALVIN DARED TO ISSUE BUY CALL FOR CARIMIN

AND AFTER ISSUING BUY CALL CARIMIN RESULT ALSO AS BAD

SEE

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000
1	Revenue	40,253	31,323	64,988	64,169
2	Profit/(loss) before tax	-3,297	-2,309	-3,368	-538
3	Profit/(loss) for the period	-3,639	-2,461	-3,822	-827
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,606	-2,587	-3,884	-942
5	Basic earnings/(loss) per share (Subunit)	-1.54	-1.11	-1.66	-0.40
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6624		0.6791

THEN WHY SHOULD CALVIN ISSUED BUY CALL FOR CARIMIN AT 39 SEN IF RESULTS SO BAD

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/145533.jsp

THESE ARE THE ANSWERS

BECAUSE PETRONAS APPOINTED OGSE. CARIMIN WAS GIVEN A RM60 MILLIONS JOB AWARD

SO ALTHOUGH IMMEDIATE QUARTERS WERE BAD CALVIN IS LOOKING BEYOND THESE BAD QUARTERS INTO THE FUTURE (FUTURE VERY FEW CAN SEE THEN JUST LIKE FUTURE OF NEXT, OPCOM AND OTHERS FEW CAN SEE NOW)

 

This is why Sifu Warren Buffet said, "We cannot drive a car looking at the rear view mirror"

WE HAVE TO LOOK AHEAD TO EXPECT AND SEE ROSIER PROSPECTS YET AHEAD!

WE MUST THEN SEE WITH OUR EYES INSIDE OUR HEADS!!

 

ANOTHER THING IS INSIDERS/DIRECTORS OF CARIMIN WERE BUYING

TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	29-Sep-2017	Acquired	950,000	0.470
MR LIM YEW HOE	14-Aug-2017	Acquired	1,000,000	0.295
MR LIM YEW HOE	14-Aug-2017	Disposed	1,000,000	0.295
MR LIM YEW HOE	19-Jul-2017	Acquired	4,300,000	0.295
MR LIM YEW HOE	19-Jul-2017	Acquired	281,900	0.295
MR LIM YEW HOE	03-Jul-2017	Acquired	5,000,000	0.320
MR LIM YEW HOE	07-Jun-2017	Acquired	550,000	0.320
MR LIM YEW HOE	30-May-2017	Acquired	50,200	0.30

BIG BIG QUESTION THEN PEOPLE SHOULD HAVE ASKED

IF SIFUS AND GURUS SAY CARIMIN RESULTS ARE SO BAD WHEN DIRECTORS/INSIDERS OF CARIMIN ARE BUYING AND BUYING

DON'T THEY KNOW AND SEE THEIR ACCOUNTS ARE ALL IN A SHAMBLE!!

OF COURSE THEY DO!!

THEN WHY?

ANSWER:

BECAUSE THEY SAW AHEAD OF TIME THAT CARIMIN IN THE NEAR FUTURE WILL BE EARNING LOTS OF MONIES (JUST LIKE CALVIN ALSO SEE AHEAD OF TIME NOW THAT NETX WILL BE MAKING A LOT OF MONEY (NOT NOW) BUT IN THE COMING VERY VERY BRIGHT FUTURE!!

AND SO THEY WERE RIGHT. AND BY FOLLOWING INSIDERS' MOVE CALVIN ALSO CORRECT AND CHUN CHUN

SEE CARIMIN RESULTS NOW (18 Months from Buy Call on Jan 26th 2018)

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000
1	Revenue	167,979	51,444	443,005	141,304
2	Profit/(loss) before tax	11,283	-15,970	31,093	-24,452
3	Profit/(loss) for the period	9,780	-16,292	28,572	-25,418
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,706	-16,243	28,816	-25,388
5	Basic earnings/(loss) per share (Subunit)	4.15	-6.95	12.32	-10.86
6	Proposed/Declared dividend per share (Subunit)	1.60	0.00	3.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6765		0.5671

WHOA!

GOOD RESULTS ARE FINALLY OUT

AND CARIMIN SHARE PRICE UP 300% TO 400% FROM ITS LOWS

SO CHASE IT TO THE SKY? THE SKY IS THE LIMIT? NO! NO! NO!!

INSIDERS/DIRECTORS ARE NOW SELLING AND RUNNING AWAY

MR SHATAR BIN ABDUL HAMID	15-Oct-2019	Disposed	200,000	1.350
ENCIK MOKHTAR BIN HASHIM	15-Oct-2019	Disposed	200,000	1.300
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	15-Oct-2019	Disposed	100,000	1.352
MR LIM YEW HOE	15-Oct-2019	Disposed	300,000	1.330
MR LIM YEW HOE	14-Oct-2019	Disposed	400,000	1.295
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	14-Oct-2019	Disposed	250,000	1.310
MR LIM YEW HOE	11-Oct-2019	Disposed	1,000,000	1.200
MR LIM YEW HOE	11-Oct-2019	Disposed	250,000	1.200
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	10-Oct-2019	Disposed	250,000	1.202
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	09-Oct-2019	Disposed	250,000	1.212
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	08-Oct-2019	Disposed	500,000	1.184
ENCIK MOKHTAR BIN HASHIM	07-Oct-2019	Disposed	50,000	1.190
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	07-Oct-2019	Disposed	500,000	1.181
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	04-Oct-2019	Disposed	500,000	1.150
ENCIK MOKHTAR BIN HASHIM	03-Oct-2019	Disposed	100,000	1.130
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	03-Oct-2019	Disposed	500,000	1.140
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	02-Oct-2019	Disposed	430,500	1.120
ENCIK MOKHTAR BIN HASHIM	02-Oct-2019	Disposed	150,000	1.120
MR LIM YEW HOE	02-Oct-2019	Disposed	75,000	1.120
ENCIK MOKHTAR BIN HASHIM	26-Sep-2019	Disposed	100,000	1.080
MR LIM YEW HOE	26-Sep-2019	Disposed	105,000	1.060
MR LIM YEW HOE	24-Sep-2019	Disposed	200,000	1.020
ENCIK MOKHTAR BIN HASHIM	20-Sep-2019	Disposed	50,000	1.060
MR LIM YEW HOE	20-Sep-2019	Disposed	100,000	1.060
TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF	20-Sep-2019	Disposed	69,500	1.072

MR SH

(BY HUMAN NATURE YOU SHOULD RUN WHEN CARIMIN WAS MAKING LOSSES AND BUY WHEN YOU SEE VERY GOOD RESULTS! YES! 90% OF THE PEOPLE WILL DO THIS AND DIE KAW KAW!!

Stop Press:

While I took a short break I saw this comment posted

 

win-win OTB said already, NETX is speculating counter, beware guys!

Posted by Ooi Teik Bee > Oct 20, 2019 3:30 PM | Report Abuse

I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1.
I had done my homework many ... many times, I wish to debate based on facts and figures.
I do not have any insider information, all information I gathered is from quarter result or report.
Look at quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...

Let me know is my homework correct or not.
All technology stocks are running ahead of fundamental, PER cannot be used to value the stock price.
Look at Netx quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0...

I will definitely will not buy this type of stock.
All readers, please do your homework, you should understand why I wish to challenge him.

Thank you.
Ooi

20/10/2019 6:32 PM

First Let Calvin State Clearly

I have great respect for Sifu OTB in i3 Forum. I also greatly respect Sifu KcChongnz

I do not wish to seek any offense. 

As for Uzma I think I have made alot as well as so many Others who bought UZMA at its bottoms from 55 sen to 62 sen. Calvin still holding Uzma bought at 55 sen. It will be my trophy shares. I also bought Gsb at 9 sen and told all to sell Gsb at 22 sen though I also kept some Gsb shares as trophy

So I don't wish to spend time debating on a Stock that made me 100% profit when Uzma crossed Rm1.10 for a chun chun 100% gain

As for Uzma the CFO Director Mr Bong had also disposed all (I spoke to CFO Mr Bong twice over the phone)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

Amended Announcements
Please refer to the earlier announcement reference number: GA1-01102019-00052

UZMA BERHAD

 

 

 

 

Type	Announcement
Subject	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD
Description	Dealings outside closed period
Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the undermentioned Principal Officer has notified on the changes of his interest in the securities of Uzma Berhad, details as set out in the table below:-   Name Date of Disposal Nature of Interest Number of Ordinary Shares disposed Percentage of shares disposed (%)   Bong Leong Sung   30 September 2019 Direct Interest 100,000 0.031* * The percentage of holding is based on the issued share capital of 320,028,500 ordinary shares. This announcement is dated 1 October 2019. CFO Mr Bong sold all his 100,000 shares of Uzma on September 30 A check with i3 investors stock chart reveals September 30 (UZMA) Opening price = 87 sen High = 88.5 sen Low =86.5 sen Closing price = 87.5 sen Total traded = 3,554,800 So CFO Mr Bong sold at between highest 88.5 sen & lowest at 86.5 sen I need to call and ask him what was the exact price he sold? Another Director of Sales (This one at forefront getting new business for Uzma) Sold DATO' CHE NAZAHATUHISAMUDIN BIN CHE HARON 02-Oct-2019 Disposed 169,000 0.931 DATO' CHE NAZAHATUHISAMUDIN BIN CHE HARO 08-Aug-2019 Acquired 89,000 0.595 DATO CHE NAZAHATUHISAMUDIN BIN CHE HARO 07-Aug-2019 Acquired 80,000 0.576     Director of Sales for Uzma bought beteen 57.6 sen to 59.5 sen and Sold at 93 sen   THEY ALREADY KNOW AHEAD NOV 2019 RESULTS OF UZMA Calvin doesn't know. So just wait As for NETX I have been called all kinds of names and imputed with all kinds of motives for calling a Strong buy on this LET CALVIN TELL YOU THIS I AM TOTALLY UNSHAKEN IN MY FULL CONFIDENCE IN NETX POTENTIAL!! I FULLY BELIEVE IN THE GREAT POTENTIAL OF NETX AS WELL AS OPCOM OPCOM? IN YEAR 2008 I WAS IN STOCK BROKERAGE FIRM IN JOHOR I CALLED MY REMISIER TO BUY SOME OPCOM AROUND 30 SEN THEN MY JOHOR SIFU WATCHED OVER MY SHOULDER AND SHOUTED IN HORROR YOU CANNOT BUY THAT RUBBISH USELESS OPCOM!! "QUICKLY SELL IT AWAY",  HE COMMANDED STERNLY  STRAIGHTAWAY, I CALLED MY REMISIER TO SELL AWAY OPCOM SHARES AT 30 SEN THEN THEN I DID ANOTHER THOROUGH STUDY ON OPCOM I FOUND THAT WITH IMPENDING SUBPRIME CRISIS OPCOM LOOKS LIKE A TSUNAMI SHELTERED SHARE TO BUY   SO I BOUGHT BACK EVEN MORE OPCOM SHARES TO THE CHAGRIN OF MY GREAT JOHOR SIFU IT TURNED OUT LATER I WAS CHUN CHUN WHEN OPCOM CROSSED RM1.00 FOR MORE THAN 200% UPSIDE IN 3 YEARSARS OR 70% PER YEAR YIELD BEST REGARDS Calvin Tan Research   Singapore   Please buy or sell after doing your own due diligence   If Calvin could humbly defy his great SUPER MULTI MILLIONAIRE JOHOR SIFU AND BOUGHT OPCOM AND PREVAILED I have learnt to trust my research no matter who might disagree, It does not matter at all Only TIME will eventually prove me right or wrong.