AmInvestment Bank Research has upgraded UMW Oil and Gas Corp (UMW-OG) to “buy” from “hold” with a higher fair value of 80 sen, based on book value at a 20% discount on the cost of the group’s rigs.

Read more at http://www.thestar.com.my/business/business-news/2017/04/26/aminvestment-upgrades-umw-og-to-buy-raises-target-price-to-80-sen/#H5E6PEBtlZbK0EBT.99

After the merger with I-con, UMWOG will be renamed to PNB-con since they have con all the minority shareholders.

Tq Rowie.

Rowie, let say I have ICON share, how much need to pay to convert to UMWOG share? My understanding is I have to top up another RM0.80.

If you got ICON share, the takeover price is RM0.50. To convert to UMWOG share need to pay another RM0.80. That will be RM1.30. But, the current price of UMWOG is only RM0.63. The deal seems to be very illogical.

Own company got problem but still want to takeover other companies with high price. Furthermore, want to issue expensive right. Cannot be Maybank IB analyst so stupid.

Najib Proud of PNB having this kind of company?

Najib: PNB an institution Malaysians can be proud of
Read more at http://www.thestar.com.my/#pLr72WSSXC6dkd2X.99

Pity PNB, take people money but dont know how to manage a company. IPO 2.80 but now only 0.65. The next AGM should sacked all the management of the company. Their own proposal take down further the price by 50% just within 30 minutes the proposal announced.

Macquarie is a big con. Push down coz of C17.

Eric29, do you expect profit of RM100 million as Q1-2014? EPS 7.5 cents is considered high already as current price only at RM2.60. Q1-2014 EPS 40 cents mainly derived from selling of some of Dayang Shares.
" A substantial gain of RM61.7 million arising from the disposal of partial equity interest in an associate during 2014 had led to higher profit before tax of RM101.9 million reported in corresponding period of 2014".

Dayang Enterprise, Perdana Petroleum suspend trading on possible takeover.

Dayang & Perdana request for suspension pending material announcement. NAIM owns 30% Dayang which owns 30% Perdana.

Buy NAIM 2.83 gets free DAYANG 2.72. NAIM cash 0.65 per share. Just forget about everything else, the value already 3.37.

Dayang alreaady 2.46, pay extra 25 cents got NAIM for free. dont be tricked by the big boys. The price should be around RM4 already.

if the target price for Mother is RM2.37, warrant should be RM1.47. Simple common sense, if got discount, simply buy and convert to mother. Easy profit.

Current warrant c price has no premium, so no issue of expiry date. As at now you can buy warrant and exercise it immediately, still can make 10% profit. No other warrant can give discount during mother share trading uptrend.

The price movement looks a bit fishy. May be the good news is not far away.

Dayang investment RM88 million already paid-off. Dayang price now at RM2.35, you only pay extra 30 cents to get Dayang + Naim. Naim NTA alone already above RM5. May be Kenanga & TA should look back at their analysis. It looks very suspicious.

Where got bonus? Only dividend distribution from Dayang 3.5cents, Every Naim share owns almost one Dayang Share.

The assumption adjusted exercise price for warrant c is mentioned in the announcement (Page 10). This is because of the mother will be diluted with bonus 2:1. Calculated as ( 0.9 + 0.9 ) / 3 = 0.60.

Mitra-wc exercise price will be adjusted from 90 cents to 60 cents after the bonus issue.

Buy WC, should worth at least 0.95-1.00 already. EPF busy collecting mother, leaving wc undervalued.

Go for warrant, it is still at May 2014 price level when mother share was only at 80 cents. Super cheap already almost 50% discount.

http://klse.i3investor.com/blogs/hleresearch/65704.jsp

Warrant drop more than mother share, no hope already.

Agreed. At current price, warrant is much more attractive.

it makes no sense for this counter to drop below NTA as it already secured contract more than enough to survive for few years.

Still undervalued counter. NTA 0.94, EPS 2Q-6.22, Contract 1.2Billion. Even if economy slowdown, it should be able to sustain. Target Price 1.30 - 1.50 and should be higher if it revalued the land (NTA should be RM1.90). Not worth to panic selling for this counter.

Another contract secured RM270 Million. The Contract is expected to contribute positively to MHB Group’s future earnings.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1744841

Good result also price dropping. TP RM1.35.

EPTan doing insider trading??

For construction + property development company, always can hide cash under inventory - completed property.

Yes, plus with order book worth RM1.2B, it can beat Titijaya easily.

"Tan has repeatedly claimed that the company’s land bank has a market value of over RM600 million despite company accounts only listing the land bank at a book value of RM160 million."

This translated to RM1.50 per share.

Fundamentally Mitrajaya is not much difference from TITIJAYA. currently, the price of TITIJAYA is 3 times of MITRAJAYA. So, it is still undervalued. At least, the TP should be at NTA price, around 0.90