To scale pass 5 Uzma needs a good set of financial figures in the up coming reporting season or another project announcement pertaining to the marginal oilfield.
Uzma's EPS.....26.5 for 2013/34.6 for 2014/38.5 for 2015.Revenue...378.5m for 2013/448.9m for 2014/505.1m for 2015.Profit before tax....50.2m for 2013/64m for 2014/71.3 for 2015.....all these from current projects on hand. Could go higher with immediate award of future projects like the recent award from Petronas Carigali. Industry sources say Uzma in line to secure more projects.
Dear njue76......The 4.60 was traded a few seconds to the end of matching price. Its very hard to get shares unless you are watching the trading screen.I agree in total with you about the trade off market!!!!!!!!
The last second matching of 4.60 was really uncalled for!!!!! Uzma ended down .20 cents!!!! Instead of at least unchanged or up a few bids!!!!! Come on!!!! Fight like a man!!!!! As supporters of Uzma we should be proud of the company.
Seabiscuit: can u explain why director keep sell low at 4.48.pm. i still remember they do at julai when the pricegoing back to 3.1 from 3.70..then price keep going up....
Dear njue76.....By depressing the price at the 11th hour or last min to close low pointing to buying lower the next day.Likewise by jacking up the price to close high pointing to selling higher the next day.It might not be the doing of any of the directors.Could be the doing of some institution funds. Due to the illiquid nature of Uzma's trading it can be done easily.
Uzma's 3rd Qt result due out soon. Another good set of result will propel the share price higher than 4.80.Not to mention any secured project plus a bonus issue.
Uzma closing at 4.78! What a week it has been for Uzma! When the share price was on the way down lots of ppl wrote off Uzma!This counter has been out performing in many ways!!!
Newly incorporated entity of Uzma.......Uzma Energy Venture(Sarawak) Sdn Bhd to undertake exploration and production in oilfield and related activities.....This is will tell you what Uzma will be in the future as a major player in the oil and gas industry.
Direct deal is the usual norm for TH to get Uzma shares. At 4.50 to 4.65 range buyers are around.....like today's trading range low of 4.54 to 4.75 closing price.
Lembaga Tabung Haji has been buying and selling Uzma shares in the same amount of quantity via direct deal quite frequently!!! Something big cooking?!?!
Uzma (UZMA MK) Technical BUY with +10.0% potential return Last price : RM5.00 Resistance : RM5.50 Support : RM4.80 Stop-loss: RM4.75 BUY with a target price of RM5.50 and a stop loss placed below RM4.75. For the last 8 weeks, UZMA has made numerous attempts to remove the RM4.92 barrier but failed, and continued to consolidate within the RM4.54- RM4.92 region. However, yesterday’s gap up and 10-sen gain enabled the share price to close above the immediate resistance (now minor support) on the back of a higher trading volume of 0.3m shares (vs 20-day average of 0.08m). This, in our opinion, is considered a genuine breakout. Backed by rising momentum and a bullish crossover in MACD, UZMA is likely to nudge higher towards our target price of RM5.50 in the near term.
Lets look forward to an even better year in 2014 with good health and good return in all our future undertaking.Thanks Uzma supporters. Thanks Uzma. Happy New Year
Someone needs to update the price target. But then again maybe Uzma didn't pay any of those research analyst folks to promote its stock (which explains its low liquidity).
Anyways, I was looking through the historical performance of this stock using CapIQ and honestly I gotta say that this stock is pretty beastly, in which is has been consistently growing but last year was an exceptionally amazing year. I wouldn't say that it is undervalued, it is more like fairly valued but as long as the market goes on without any significant crash and massive sell-offs, this stock is a very strong contender and could potentially increase your portfolio returns. The EPS is the highest among OnG counters in Malaysia, debt is very low (moderately high cash and short term investable securities and receivables) and contracts are fixed until next year. Passive investors who are willing to risk systemic market crash should BUY this stock, and current investors should hold. Remember, it went as high as 5.95 last week but I'm betting that the company's owner Kamaruddin(biggest shareholder) is probably cashing out some of his profits as he has been the largest seller in the past month. Nothing to worry there, dude has so many stocks and it is only understandable that he cash out some to enjoy life.
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Posted by tonylim > 2013-10-23 13:33 | Report Abuse
Any share premium account in the books