1. August 30th 2019 result out in less than 10 days
2. This quarter will report April to June 2019 months activities. Monsoon over and 16 oil well decommissioning should be smooth
3. Insiders showing interest to accumulate oversold Uzma shares. They bought at 59.5 sen. So there is support.
4. Kwap selling almost over now. Epf still holding recent shares bought as high as Rm1.00. If epf starts buying again?
5. At 67 sen and NTA of Rm1.54 Uzma has highest margin of safety compared to other OGSE entities
6. Petronas still has over Rm15 billions alloted for upstream yet to be spent for year 2019
7. Pengerang RAPID needs 54.7 billion barrels of crude for refining Target
8. Uzma recent acquisition of setegap will enhance earnings just like complete logistic bought warehouses to increase revenue
9. Insiders RI price was 75 sen and no selling of Uzma shares below Rm1.00 even when 3 IBs downgrade and Kwap selling. They have tenacity and still holding firm Uzma shares
10. All the above are strong positive factors for holding on to Uzma shares are Uzma expected to see better days ahead
Since Uzma's 9 hwus are operational plus drilling oil business still ongoing and Rm60 millions in real assets = these are defensive against borrowings.
AND business in Setegap operates concurrently Many other jobs awarded are also done concurrently as well as 16 oil wells decommissioning
Regarding Thailand I was there in May for cruise to Phuket.
Nearby phuket is pang nga bay Namfatt got 1,000 acres of prime lands there Namfatt was 45 sen with Nta of Rm2. 00
Bur tsunami hit pang nga Bay in year 2004 So the lands became valueless and Namfatt gone bankrupt
For hubline the Nta was rusty ships and so they are useless
Always check up the NTA of companies
In TheStore case Nta are prime lands in shops and malls still at old book value
Daiman also got prime assets at Old book value In daiman annual reports a ploy of land in Jalan teratai 81, Tmn johor jaya has a book value of less than 10 sen psf
Where in Johor got freehold prime lands valued at less than 10 sen per sq ft?
NO wonder Daiman boss very happy to take daiman private at Rm3. 00 about 80 sen higher than Rm2. 00
HWUs for repairing oil well etc. Drilling oil demand is getting high as Velesto 7 unit jack up rigs 6 in operation with order , 1 unit in operation by september..
The Petronas Activity Outlook report for 2019-2021 indicates that the national oil major requires 16 to 18 jack-up rigs this year, and 17 to 19 in 2020 and 2021. This is in stark contrast to the fourth quarter of 2018 when nine or 10 jack-up rigs were deployed in Malaysian waters.
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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....
Woodswater
3,778 posts
Posted by Woodswater > 2019-08-20 09:08 | Report Abuse
Up trend , buy more !
Tx master Calvin .
Wakakakaka