Dayang, carimin, penergy and Naim all dropped on Friday. So There are more sellers than buyers out there.
But look at the fundamental of Uzma objectively.
Though poor quarter the results still positive compared to others. All affected by monsoon delays
Now that we know only 6 wells have been completed there are yet 16 well decommissioning jobs to be completed.
And now time extended to Sept 2020 from July 2019 which is in favor for Uzma.
IBs have all wrongly concluded this extention to be cost overruns and cost borne by Uzma
Wrong. Wrong. Wrong. How wrong are these Investment Bankers making wrong assumptions!
The truth is this.
According to Uzma spokesman Mr Bong the job is dependent not by job completion but by time given for each job
So to dismatle each well it normally takes up to 14 days. And Uzma get paid by the days. In normal time it will be 14 days. Now that time is extended to 30 days Uzma will get extra 16 day's pay....more than double the norm.
This is extremely good for Uzma!!!
Wrongly interpreted as bad and these I'll informed IBs also dished out bad advise.
So Calvin and buddies will continue to accumulate Uzma on weakness
One more think
Last time My Johor Sifu studied Ajiya deeply into it's accounts and business
Then we bought into Ajiya at Rm1.50 or more Suddenly EPF sold down Ajiya to a low of Rm1.24
When people panicked and throw we scooped up
As it turned out Ajiya top Rm4.50 years later and split
My Johor Sifu made Rm1.5 millions from Ajiya alone
So crisis of confidence creates undue sell down
To those who know presents an opportunity to buy cheap
The word crisis is a compound of 2 words in Chinese
Ngai - danger Khay - opportunity
So Uzma is in a time of crisis as 3 IBs downgraded it. Plus Kwap also selling
And price falls as a result of subjective fear
But longer term it's fundamental shall dictate it's price and value
Accu today 71.5 c ( bargain 10% fr last week 80 c). Wish to everage down 72 c - 10% = 65c then.... Even 50 c. Hooray, I 'm buying cheap air Asia x tickets to Makan angin at Netherlands of Europe!
I just want to c whether so much Malaysiansssssss expertsssss sifusssssss to challenge a single singapolan . Let c who can laughing till the last .. which I c a pakcik k supported who hardsell Sayang b4 likes to made enemy with neighbour border pal.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,165 posts
Posted by calvintaneng > 2019-06-01 17:14 | Report Abuse
Look at things objectively
Kwap sold. 3 Bank IBs downgraded Uzma to sell.
Dayang, carimin, penergy and Naim all dropped on Friday. So There are more sellers than buyers out there.
But look at the fundamental of Uzma objectively.
Though poor quarter the results still positive compared to others. All affected by monsoon delays
Now that we know only 6 wells have been completed there are yet 16 well decommissioning jobs to be completed.
And now time extended to Sept 2020 from July 2019 which is in favor for Uzma.
IBs have all wrongly concluded this extention to be cost overruns and cost borne by Uzma
Wrong. Wrong. Wrong. How wrong are these Investment Bankers making wrong assumptions!
The truth is this.
According to Uzma spokesman Mr Bong the job is dependent not by job completion but by time given for each job
So to dismatle each well it normally takes up to 14 days. And Uzma get paid by the days. In normal time it will be 14 days. Now that time is extended to 30 days Uzma will get extra 16 day's pay....more than double the norm.
This is extremely good for Uzma!!!
Wrongly interpreted as bad and these I'll informed IBs also dished out bad advise.
So Calvin and buddies will continue to accumulate Uzma on weakness
One more think
Last time My Johor Sifu studied Ajiya deeply into it's accounts and business
Then we bought into Ajiya at Rm1.50 or more
Suddenly EPF sold down Ajiya to a low of Rm1.24
When people panicked and throw we scooped up
As it turned out Ajiya top Rm4.50 years later and split
My Johor Sifu made Rm1.5 millions from Ajiya alone
So crisis of confidence creates undue sell down
To those who know presents an opportunity to buy cheap
The word crisis is a compound of 2 words in Chinese
Ngai - danger
Khay - opportunity
So Uzma is in a time of crisis as 3 IBs downgraded it. Plus Kwap also selling
And price falls as a result of subjective fear
But longer term it's fundamental shall dictate it's price and value
So is it danger or opportunity?
It's up to all to decide
For Calvin he does not follow the crowd