KWAP has 20 million shares remaining as at last Thursday. Friday volume was 3.5 million, today 13.3 million. Big buyer has been absorbing the sell down.
just sell .......i collect at bottom again........and it will repeat.........IDSS will short then pump back the price.......keep on repeating and u will be rich
Oil price has PLUNGED 8% from USD67/barrel to USD62/barrel the last few days despite a truce on further new tariffs between Trump & Xi at G20 last Sunday & OPEC extending its production cut for another 9 months last Monday.
Lets see if oil price will fall below USD60/barrel this month or maybe will it drop to USD55/barrel...
KWAP keeps disposing, I suppose this is the reason for it's declining stock price. Once KWAP stops disposing, Uzma's stock price should recover to >70sen. Subsequently, it will depend on next Q's earnings to decide which direction it's stock price will go.
Uzma is one of the few O&G companies that remains profitable in depressed oil price period, that is not easy and thus i think it should receive higher valuation compared to other O&G companies. It is selling at 0.44x P/BV currently, indicating that it is undervalued.
@value88 same thought here, once KWAP finish disposing, under normal circumstances should go back above 70c and even 80c before q result is out, lets see
How many left? They disposed another 1mil shares yesterday. Once they ceased to be substantial shareholders I believe Uzma will start flying. But need to be really2 patience.
553871575098935 How many left? They disposed another 1mil shares yesterday. Once they ceased to be substantial shareholders I believe Uzma will start flying. But need to be really2 patience.
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Posted by Stocker > 2019-06-27 16:08 | Report Abuse
Now uptrend heading 0.8