offshore, did not hear anything about a salary increase.. i know offshore crew took a pay cut recently, but mostly the expats. and yes, the poor vendors has not been paid for a long time.

offshore, wow. that's huge news. accountants and hr resigning is bad enough.. if ms wai resigns that is pretty much game over

offshore, spot on.. so many accountants resigning from this company

no la i3lurker.. i need the price to go up. few years back company gave us employees stock options. never sold it at it's high

even now with all 7 rigs working.. management still need to cut salary. clearly shows something wrong. and to make things worse, in about 3-5 months you can expect half the fleet to be stacked again

people who think umwog shares are directly related with oil price clearly has no idea of the drilling industry..

umwog is mainly a rig contractor.. to make it easier for you all to understand.. they are like taxi providers.. you can have all the taxi in the world, but nobody wants to ride in your taxi = no profit.
even if everyone ride your taxi, but pay you dirt cheap rates = no profit.

Acapulco, all 7 rigs will only remain utilized for the next month. after that one by one all out of contract soon

offshore, borr drilling has already bought perisai's pp102 and pp103..

KeenismWin, i'm not confident with this counter because i'm an employee of this company. complete bullsh*t going on inside

sniperstock UMW-OG’s earnings are expected to improve this year, compared with its performance last year, supported by the two new contracts from Petronas Carigali.
Read more at http://www.thestar.com.my/business/business-news/2017/05/16/umwog-rigs...
11/10/2017 11:45

sniperstock, this is old news. naga 4 is finishing contract next month, then due for 5 yearly. naga 3 will finish next year march or maybe earlier.

correction: naga 6 may finish contract this year end.

naga2, 4 contract probably next month finish. naga4 due for 5 yearly. naga3, 6 & 8 next year march/april finish contract.

3 or 4 rigs should be warm stacking again soon. contracts all finishing

company just announced paycuts/retrenchment for this month

no. but possible. any chance to get rid of this shit mgmt is good chance

if you guys vote "no" to the right issues and have PNB take this company private, PNB can then remove all the useless top management and the cronies. this is a good choice, brand new start for the company. out with the useless and old. in with the new. you look at this company ever since the president step in it has only went downhill. shit management no hope. talk a lot of cock only

umashankar jaiswal?

employee

sad to say i working with this people. no hope now. still negative profit

i dun understand why are there people who still keep supporting this counter. rly dun know where they get their hopes from. as someone who knows the management himself, i cant help but to laugh

oasischeah Quarter after quarter the results gets worst and worst. Management must be horrible and don't put your money on this share. The rights issue will serve the pockets of the directors only.
22/07/2017 06:52

Management "must be" horrible? Pls rephrase to management is pathetic

company even resorted to cheating own employees. don't expect much from this counter

not surprising. with the current leadership and mgmt of course la this counter mati. president background not rigs. head of drilling fundamental background is mwd. mampus