Posted by Woodswater > 2019-11-04 10:28 | Report Abuse

Dato Seri John Lu Dont catch the failing knife
04/11/2019 9:29 AM
Buy at fair value @ 80 c or below

Posted by pang72 > 2019-11-04 10:46 | Report Abuse

All unload uzma to buy jaks!!

Posted by apolloang > 2019-11-04 10:46 | Report Abuse

why is uzma down so much and greatec near new high? btw where is the pastor?

Posted by pang72 > 2019-11-04 10:47 | Report Abuse

Dayang, carimin and uzma.. Will down..

Jaks Will up tremendously..

Posted by pang72 > 2019-11-04 10:48 | Report Abuse

Sell 3 stocks to push one stock!!

Posted by pang72 > 2019-11-04 10:48 | Report Abuse

Wow..

Posted by apolloang > 2019-11-04 11:01 | Report Abuse

jaks I money in the pocket already......hehe

Posted by clp72 > 2019-11-04 11:18 | Report Abuse

On Oct 30, Uzma said its wholly-owned unit is taking legal action against Khan and Kong for overpayment of works worth RM63.14 million.

Uzma said Uzma Engineering Sdn Bhd (UESB), Khan, and Kong were involved in a construction project known as the KNPG-B Topside Ph II, Kinabalu Non-Associated Gas (NAG) Development Project and disputes have arisen therein.

However, an analyst who declined to be named said there was "nothing wrong" with the legal suit as its outcome will either be positive or neutral to Uzma.

"There is nothing wrong with the legal case. The project was given back to Uzma, and Uzma continued to deliver the project with expenses already booked.

"Should Uzma win the case, there will be a write-back that will reflect positively on their cash flow, but if otherwise, there will be no impact to Uzma as no impairment is needed," the analyst told theedgemarkets.com today when contacted.

Uzma is seeking to claim against Khan and/or Kong for the total sum of RM63.14 million and interest as well as an order for payment by Khan to UESB of all sums found to be overpaid by UESB to Khan and/or Kong in respect of the works under the project upon the determination of the final sum of such overpayment during trial of this action

Posted by ming > 2019-11-04 11:22 | Report Abuse

Most important otb and kyy still here ?

Posted by clp72 > 2019-11-04 11:40 | Report Abuse

they are the ones suing for over payment and expenses have been recorded/booked already, so, no effect on P&L, if they win, just upside to their accounts minus expenses

Posted by clp72 > 2019-11-04 11:41 | Report Abuse

personal point of view, selling overdone but there could be other factors that we are not privy to..

Posted by jamesssss > 2019-11-04 11:46 | Report Abuse

Good, rebound already.

Posted by jamesssss > 2019-11-04 11:49 | Report Abuse

Why scare ? EPF holding more than 9% of shares.

Posted by jamesssss > 2019-11-04 11:50 | Report Abuse

We can see EPF kept on buying .

Posted by bc8660 > 2019-11-04 11:51 | Report Abuse

People don't read to understand the announcement, wasted the opportunity only.

Good days for people who are doing their homework.

Posted by noobbie > 2019-11-04 11:51 | Report Abuse

later close green everyone chase la

Posted by jamesssss > 2019-11-04 11:55 | Report Abuse

Haha , having good show lol..

Posted by jamesssss > 2019-11-04 11:57 | Report Abuse

I added more at 0.94 just now.

Posted by pang72 > 2019-11-04 12:45 | Report Abuse

Jaks stronger and stronger...
Uzma money flow out to Jaks..

Posted by Woodswater > 2019-11-04 12:49 | Report Abuse

pang72 Jaks stronger and stronger...
Uzma money flow out to Jaks..
04/11/2019 12:45 PM

I advice my dear fren pang72 delete such comment 2gather. I might worry u get suspended 13 account for couple weeks. Mind ur word.

Posted by JSoang Ooi > 2019-11-04 13:36 | Report Abuse

Can ask the management team during agm

Posted by Henry8833 > 2019-11-04 13:46 | Report Abuse

profit before tax for last quarter was only 20 million. 63 million overpaid is equal to the profit before tax of 3-quarter results. I think this is disappointment. Investors does not want uncertainties. This RM 63million was booked in as expense. If they win and able to get back say RM 50m, will provide immediate boost to EPS....

Another way of looking at UZMA results, if they not overpaid, then last few quarter results will be fantastic...

Posted by tumbler > 2019-11-04 14:38 | Report Abuse

This kind of company really cannot use already.similar case with feeding cows inside condominium case. Tp 0.3

Posted by tumbler > 2019-11-04 14:40 | Report Abuse

Should report to bukit aman because such of huge amount 63mil overpaid also can happen. Their directors buta kah or eye being stick with kertas harimau

Posted by arman70 > 2019-11-04 14:50 | Report Abuse

For me, the concern is not on the litigation itself, but rather on how the senior management overlooked on the overall project payments. This is a BIG blunder. I bailed out at 0.995. Just the right time.

Posted by sheep > 2019-11-04 15:04 | Report Abuse

epf selling?

Posted by apolloang > 2019-11-04 15:09 | Report Abuse

tak apa lah back to 60cts let pastor calvin buyback.....hahaha

Posted by Shinnzaii > 2019-11-04 15:09 | Report Abuse

Aiyo...this is serious case...why overpaid 60+ mil and management of Uzma now only notice?if previous progress payment already billed and agreement already sign then very less chance to win...any over payment should billed with VO and agree by management...this is strange...but payment already paid...hehe

Posted by clp72 > 2019-11-04 15:14 | Report Abuse

we can speculate till the cow comes home, sell if you dont have confidence in the management, keep if you see value..

Posted by Shinnzaii > 2019-11-04 15:15 | Report Abuse

The only answer keep for AGM to ask...hehe

Posted by flexibt > 2019-11-04 15:16 | Report Abuse

will drops further more than 10%-20% just like what happened to

topglove after overpayment for the acquisition of Aspion.

Posted by winmal > 2019-11-04 15:17 | Report Abuse

already drop more 15%

Posted by apolloang > 2019-11-04 15:17 | Report Abuse

why uzma can down and not greatec? pastor calvin where r u?

Posted by lextcs > 2019-11-04 15:18 | Report Abuse

kyy must be kena margin call...

Posted by winmal > 2019-11-04 15:20 | Report Abuse

Over react

Posted by xuxu > 2019-11-04 15:20 | Report Abuse

why ppl didnt comment already up 100% only drop back 20% ?

Posted by apolloang > 2019-11-04 15:20 | Report Abuse

kyy only owned 1 mil shares not much

Posted by sheep > 2019-11-04 15:24 | Report Abuse

when this news came out last week, didn't drop much...why today such big drop? ..... more bad news coming....?

Posted by xuxu > 2019-11-04 15:28 | Report Abuse

no technical rebound ?

Posted by Shinnzaii > 2019-11-04 15:29 | Report Abuse

more bad news also changes in boardroom and person in charge kena sacked and dispose off their shares...but you need to pass special resolution first...so far no notice from Uzma...

Posted by mofa83 > 2019-11-04 15:30 | Report Abuse

2nd wave

Posted by mofa83 > 2019-11-04 15:30 | Report Abuse

tomorrow might trade below 90c

Posted by apolloang > 2019-11-04 15:33 | Report Abuse

if no down to 60cts and let pastor calvin buyback how do uzma can chase greatec? hahaha

Posted by noobbie > 2019-11-04 15:38 | Report Abuse

i wait lower then

Posted by tumbler > 2019-11-04 15:39 | Report Abuse

You think kyy so stupid , dun know how to differential feeding cow inside condominium company or feeding cow in the empty field company???

Posted by hng33 > 2019-11-04 15:42 | Report Abuse

bought back uzma at 93.5sen

Posted by enigmatic ¯\_(ツ)_/¯ > 2019-11-04 15:43 | Report Abuse

What value do you guys see in Uzma?

Posted by jamesssss > 2019-11-04 15:44 | Report Abuse

Those whos have not confident just sell , don't talk like a fortune teller and don't know what will be happened with yourself.

Posted by JSoang Ooi > 2019-11-04 15:46 | Report Abuse

Really overreact gao gao

Posted by Woodswater > 2019-11-04 15:48 | Report Abuse

hng33 bought back uzma at 93.5sen
04/11/2019 3:42 PM

80 c