Posted by Andrew62 > 2017-12-05 08:51 | Report Abuse

Very profound research of this counter and advise much appreciated.Thank you.

Posted by Orange88 > 2017-12-05 09:18 | Report Abuse

Offshore and Rowie TQ for your remarks. For the immediate future still a sell only that they might be up for window dressing

Posted by Orange88 > 2017-12-05 09:19 | Report Abuse

anybody knows why warrant is getting castrated this morning hahaha

Posted by ankahill > 2017-12-05 11:17 | Report Abuse

:(

Posted by Andrew62 > 2017-12-05 11:19 | Report Abuse

https://www.malaysiakini.com/news/404346

This may be the reason the whole KLSE will get "castrated" before GE14.

Posted by Andrew62 > 2017-12-05 12:04 | Report Abuse

https://www.thestar.com.my/business/business-news/2017/12/05/petronas-lays-bare-the-numbers/

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 12:23 | Report Abuse

Down

Posted by m_aloha > 2017-12-05 15:17 | Report Abuse

yes indeed you're right so all pls sell at .305 more and .150.. someone would like to collect it

Posted by m_aloha > 2017-12-05 15:59 | Report Abuse

check the QR report, TA and FA. if they will continue making profits..definitely you can't compare during glory days of 2013/14..

Posted by ankahill > 2017-12-05 16:16 | Report Abuse

Jangan risau... akan naik lagi sooooooon!!!!

Posted by wklee9113 > 2017-12-05 17:34 | Report Abuse

This share consider very cheap.Do you remember last 2years the highest price is above $4 .Now only 31¢ why so many comments given.Buy low sell high.

Posted by Anson1314 > 2017-12-05 18:04 | Report Abuse

Wait below 0.3 then come in again.

Posted by offshore > 2017-12-06 00:06 | Report Abuse

1. Brent is projected to remain in the USD 50-60 price range......Petronas crude trades at a premium of USD 5 above Brent
- this price range will not help this company

2. Petronas requires 10-12 rigs.............UMWOG has 7 so possible full utilization
- No comment, let see if all will be given to locals, at what rate and number of wells

3. Mgt says above USD 50 price..........they can make money
- They used to say they can profit with a certain level of utilization. Anyway, do your own analysis, don't trust management or analyst or periodicals. Not to say they are lying but they are very good in telling half truths.

4. UMWOG is still on cost cutting phase...........savings here can offset maintenance of rigs
- Really nothing else to cut, their crew pay has just been cut recently.

5. Borrowrings have halved...........interest savings RM 15m per qtr
- Needless to say

6. Long term loans have been refinanced...........possible some interest savings
- Needless to say

7. Cash tied to borrowings have been freed up.
- That cash should have been freed up long time ago. This cash are IPO proceeds used as collateral to borrow USD. Without this cash tied to loan, there should not be any investment income in Q4.

8. Charter rates at USD 70-80k better then before
- Maybe can ngam ngam breakeven (just try to be positive)

9. Rigs at full utilization currently..........some new contracts sourced.....possible minimum impairments (not a cashflow item)
- Not interested to know, even if full utilization, profit won't be fantastic. The charter has to go up. Unfortunately, contract value no longer disclosed.

10 Mgt says they will be cashflow positive after rights issue
- What drive a share price up? Being profitable or cash flow positive?

11 No need to buy new rigs
- Yeah, the price of new rig won't go up so soon, no hurry to buy a new one.

12 Mkt price is around 30 sen........low downside risk
- When it was 90 sen ... then 80 sen ... 70 sen ... 60 sen, it was also viewed as low downside risk during those prices. Check back the postings. Anyway, my point is, your amount of loss is the same when the price drop from RM3 to RM1.50 or from 60 sen to 30 sen, your investment value will be halved.

13. PNB is the largest shareholder..............Petronas may give full support
- PNB has always been the largest shareholder indirectly, Petronas is giving support now because of the current low oil price. Petronas also has its KPI to meet and employees to feed. If the rig is down, Petronas will not pay them but may even sue for damages. So what it is owned by PNB.

Posted by Rowie > 2017-12-06 09:30 | Report Abuse

ok....so no positives

Can u please e-mail the mgt to sell umwog to the highest bidder
Perhaps u can do all the minority shareholders a good deed & help them to get a better price than the current market price instead of running down the company here in this forum.
I will than buy some
Thank you

Posted by Rowie > 2017-12-06 09:51 | Report Abuse

he is entitled to his opinion
only time will tell..........wait for next set of results & see the mkt price then

Posted by Rowie > 2017-12-06 09:51 | Report Abuse

or wait for his good deed

Posted by offshore > 2017-12-06 13:09 | Report Abuse

I know I am doing a good deed here by warning everyone since beginning of this year, when price was probably around 90 sen? I know another person who is good in posting here but will delete his postings later on.

Posted by Christopher Toh > 2017-12-06 14:04 | Report Abuse

@.@ uptrend

Posted by m_aloha > 2017-12-07 15:35 | Report Abuse

I think good time to enter at demonstrated side way ~30cents . QoQ eps and net profit continue to improve. understand your support/exit for capital protection then just wait for next QR. happy investing...

Posted by Alan Ruben > 2017-12-08 03:09 | Report Abuse

u have no right to call them fool ..if u want to spread negative words just get out from this forum.

Posted by kimee > 2017-12-08 14:39 | Report Abuse

@687423 why you keep delete your post?

Posted by ankahill > 2017-12-08 14:55 | Report Abuse

28 sen coming!!!!?

Posted by 687423 > 2017-12-08 15:02 | Report Abuse

My posts were actually quite rude and served no purpose after warning others. Those posts are also offensive as sarcastic. Talk like that is against my religion

Posted by ankahill > 2017-12-08 15:58 | Report Abuse

RUnnnnnnnnnnnnn!!!! Masuk balik bila jatuh samapi 25 sen.,. :)

Posted by lorimilo > 2017-12-08 16:07 | Report Abuse

Sell...sell .sell!!!! Buy back 0.27 @ 0.26

Posted by m_aloha > 2017-12-08 16:08 | Report Abuse

pity those bought before..never buy downtrend counter - catching a falling knife... We know this counter 6 months in the sideways with .275 is strong support. We also know QoQ, EPS for last4 qtrs improving w/ last qtr 3M net-profit with new bags biz of RM27m drilling job. i think collecting between .275-315 w/ stop lost at 250 is calculated risk. Oil prices should stabile above 50 with Saudi & Russian ties cuts till eof 2018.. also give a ring to your UMW friend on the current biz substation. my bet still good for short-mid term investor. keep the investment simple and stupid@aka fool. let details rigs# and charter rates analysis done by the expert like i3lurker.

Posted by Ogopogo > 2017-12-08 16:24 | Report Abuse

Oil production cost 0.50 cts? Boss u sure or not.

Posted by ankahill > 2017-12-08 16:36 | Report Abuse

Yessssss.... 28 sen queue.

Posted by Mohd Yazid Mohd Ali > 2017-12-08 17:00 | Report Abuse

.28 sen PNB ,TH,EPF ,KWAP boleh TUTUP KEDAI ,SHITTTTTTTTT ?

Posted by Ken Ken > 2017-12-08 17:24 | Report Abuse

Why drop de??@@

Posted by freddiehero > 2017-12-08 17:52 | Report Abuse

keep drop now..

Posted by freddiehero > 2017-12-08 17:52 | Report Abuse

tp 0.15-0.20

Posted by Christopher Toh > 2017-12-08 19:31 | Report Abuse

haha... luckily I sold all @ 0.34 last week。。。

Posted by Christopher Toh > 2017-12-08 19:31 | Report Abuse

Will buy @ 0.27

Posted by Haters > 2017-12-08 19:36 | Report Abuse

hibis and umwog..yg mana satu bagus?

Posted by m_aloha > 2017-12-09 16:12 | Report Abuse

Those bought on late Friday..., will be smiling on Monday

Posted by YouBuyIBuy > 2017-12-09 17:35 | Report Abuse

Why? Monday any good news?

Posted by rsim03 > 2017-12-09 19:48 | Report Abuse

monday morning session rise . Evening down again. What are you think

Posted by smartInvestor1 > 2017-12-10 21:45 | Report Abuse

umwog pattern 1 week up 1week down. coming week 先跌后升 up Up UP!!!

Posted by ankahill > 2017-12-11 11:14 | Report Abuse

:(

Posted by Anson1314 > 2017-12-11 21:35 | Report Abuse

2morrow can bck 0.3

Posted by digi2222 > 2017-12-12 09:39 | Report Abuse

oil down,share down
oil up,share also down : (

Posted by JoshuaMS7 > 2017-12-12 10:19 | Report Abuse

haha no worry as long as company generate good income the share price will be re-adjusted again!!

Posted by WallStBull > 2017-12-12 10:49 | Report Abuse

Expect to hit $67 - https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/11/brent-crude-oil-hits-2-12-year-high-on-major-pipeline-outage.html

Posted by WallStBull > 2017-12-12 10:53 | Report Abuse

Let this be down, down, downnnnnnnnnm

Posted by SHQuah > 2017-12-12 10:57 | Report Abuse

If the company can continue making profit from now until next year, share price should go up.
29.5 sen consider very cheap

Posted by rijack88 > 2017-12-12 12:05 | Report Abuse

oil so high unwog so low...farkk....

Posted by Christopher Toh > 2017-12-12 13:40 | Report Abuse

gostan stock

Posted by JoshuaMS7 > 2017-12-12 15:14 | Report Abuse

maybe this stock is affected by sapnrg, the oil price seems will fall low

Posted by rsim03 > 2017-12-12 15:42 | Report Abuse

buy today nextweek sell, simple method