1. Business men borrow from public bank to do profitable business. And with surplus profits they pay back public bank with good interest. So a win-win partnership in prosperity
Bad debts
2. Borrow money to consume like buying luxury car to show off. Or simply consume it by self indulgence This one leads to poverty and bankruptcy
So debt on its own is neutral. The application of it matters
lols. do u see total shares they got after they sold 440k ++ units? still got so many.. plus, it was happened on 17/9/19.. the price surge again after that if u remember.. chill pls
KWAP had even more shares than EPF, over 32 million shares. KWAP eventually sold off all. Calvin bravely continued to buy and everyone who followed Calvin has been greatly rewarded. To make big bucks must have balls.
And u know what? There is no good news yet , but price climbed up so strong..imagine if suddenly uzma being awarded project or next qr is so well, what do u think the price can be ? Think about it.
1. Saudi aramco problem will cause more oil business in Malaysia.
2. Petronas says 2nd half of 2019 it will fish out more oil and gas projects . So Uzma stands a good chance
3. Results in Nov 2019 expected to be good as a dozen more oil rigs decommissioning profits as well as others will be reported
4. As long as carimin and Penergy with weaker fundamental than Uzma can maintain prices above Rm1.00 like now Uzma should play catch up to overtake them
5. With Brent crude now at usd65 the oil and gas bull run still has lots of legs to move up further. 2019 has been and will be the Oil and Gas bull run theme play
So stick with Uzma
One more thing
Scomi energy(7045) young oil bull has just started running
Remember Carimin run up from it's lows of 21.5 sen to high of Rm1.05 to our shock and surprise for over 400% upside now
So scomies might be another glad surprise
Today scomies closed at 11.5 sen Long way to go up some more for Scomies to 30 sen which is highly possible
The single attack on Saudi oil fields has ignited a frenzy for oil drilling worldwide
And scomies (7045) is a world player in drilling oil business and it has secured a Rm600 millions drilling oil supply job in Kuwait
So go get some Scomies shares and hold tight in it's bull run time as well
Uzma is a good share to keep in the coming days and weeks till next QR. Wait till the reality of Saudi plant damage hits. :) If you look at the pictures it is not a quick change over.
All Malaysian O&G companies will go into an extended bull run
BUT I see Scomies will benefit the very most as many oil entities holding back will now get a confident booster to restart drilling for oil everywhere as an insurance against concentration of oil clusters being bombed
Petronas will awards more projects out in 2nd half of 2019 compare with first half.Year 2020 also will award the same amount of project out.Can u imagine how many O and G company in ASEAN compare with developed nations?
Please be careful of 5-10 trading days due to overbought in weekly and daily.Its need to bypass the rm 1.15-rm1.20 resistance for another phase of recovery run.
Uzma boss bought 169 lots of Uzma at 59.5 sen for about Rm100k and still holding and no selling
Calvin sees Scomies Boss buying 1.8 millions Scomies shares at 10.5 sen for rm189k and didn't sell any even when Scomies touched intra day high of 14 sen
So for Scomies just go buy some. If after buying price pullback add more
Then hold Scomies tightly just like holding Uzma tightly
After Uzma Calvin sees Scomies going into a full bloom bull run time
I still remember idiots telling Carimin going to drop cos major shareholders selling. Same for Dayang KWAP, EPF selling LOL. Yeah they sold at 80 sen+++ and I bought lots at 70 sen to sell at 1.70.
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bankrupt
81 posts
Posted by bankrupt > 2019-09-20 15:31 | Report Abuse
I learn from Tun. Debts not good.