Posted by 陳彥霆 > 2018-01-23 19:01 | Report Abuse

pariah amanah

Posted by Mohd Fahmi Bin Jaes > 2018-01-23 19:04 | Report Abuse

23-Jan-2018 Insider AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (a substantial shareholder) disposed 46,418,293 shares on 19-Jan-2018.

Posted by Rowie > 2018-01-23 19:24 | Report Abuse

There must be some game by PNB to dispose so far 250-300m shares so far. Possible senarios
1. The relatives game........sell cheap so PNB funds make some money & relatives make some obviously bigger to line their pockets ahead of elections........just in case they lose.
2. Take money out & convert the loan stocks to shares thereby Umwog pays less interest. Helps Umwog cash flow plus profitability.
3. Stupid people running the funds. Sell low when future looks brighter
4. Sell some to convert the warrants to mother share thereby strengthens its future. Notice that no warrants have been disposed so far. It's puzzling

Posted by Surewind > 2018-01-23 19:34 | Report Abuse

Just checked they(AMANAHRAYA) own another 43% of UMW. They have another 3,036,006,227. If they sell everyday, it will drop all the way

Posted by fl888 > 2018-01-23 19:40 | Report Abuse

Selling when oil prices are up and in a bull market makes Amanah looks very stupid in investments business......better sell and concentrate on their trustee job better,,,

Posted by Ibr N Chk > 2018-01-23 20:12 | Report Abuse

if one day sell 50 mil, need to dispose all in 60 days

Surewind Just checked they(AMANAHRAYA) own another 43% of UMW. They have another 3,036,006,227. If they sell everyday, it will drop all the way

Posted by bisonbull > 2018-01-23 20:41 | Report Abuse

OTAI-OTAI & SIFUS of Stock trading please help.
I try to understand how to work out the conversion of warrants to mother share.

In this case, UMWOG closing today @ 0.345, warrant close @ 0.17, conversion ratio 1:!. exercise price =0.395.

If I were to convert 20,000 of UMWOG-WA to UMWOG before expiry date, I will have to pay 20,000x0.395 (=7900) + early transaction fees (?%) ?

I guess, The gross cost for each UMWOG share will be (0.17+0.395)=0.565 not including the conversion broker fees/costs.

Am I right in the calculations?

Thanks.

Posted by kuaTAKtahu > 2018-01-23 20:51 | Report Abuse

SO HIGH FEE?

WHY CONVERT?

BUY DIRECT, CHEAPER




RIGHT?

Posted by bisonbull > 2018-01-23 21:03 | Report Abuse

If one day, when mother share hit above 0.565, and son do not move as fast as mother, Then, to convert is more worthwhile?

Posted by bisonbull > 2018-01-23 21:07 | Report Abuse

Hahaha, Thanks i3lurker, why cash 1.20? NTA?

Posted by kuaTAKtahu > 2018-01-23 21:08 | Report Abuse

~ Over the previous 4Qtr , UMWOG seem improve a lot ~

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=FA&sub_category=all&alphabetical=All&company=5243



Feb18 , will be another .... superb Qtr for UMWOG

Or i am wrong?


.

Posted by Hustle > 2018-01-23 21:13 | Report Abuse

These week seems like goreng heavy weight counter, light weight temporary have a break first. chill up man!

Posted by kuaTAKtahu > 2018-01-23 21:18 | Report Abuse

Why convert ?

What is the cost , any idea ?



Types of corporate proposal Conversion of Preference Shares
Details of corporate proposal Conversion of Islamic Redeemable Convertible Preference Shares (RCPS-I) into Ordinary Shares of the Company (Conversion of shares)
No. of shares issued under this corporate proposal 216,577,089
Issue price per share ($$) Malaysian Ringgit (MYR) 0.3000

Posted by bisonbull > 2018-01-23 21:25 | Report Abuse

preference shares are not traded until it is converted to mother shares.....

Posted by bisonbull > 2018-01-23 21:31 | Report Abuse

OIC, so these preference shares are issued to share holders subscribe to right issues or new shares issues to a investor?

Posted by Rowie > 2018-01-23 21:32 | Report Abuse

in the corporate exercise, PNB did 2 things
1. Took rights issue on shares & paid 0.30 sen per share.
2. Took preference shares & paid 0.30 sen but they get interest on preference shares. If they don't convert then on expiry it's auto convert but can convert anytime. If convert early they lose interest but they gain if share price above 0.30

Total raised RM1.8b, that's why borrowings reduced by 50%. But lots of shitheads still say their borrowings still very high. All armchair shitheads

So no intelligent answer why PNB not selling warrants?

Posted by Rowie > 2018-01-23 21:47 | Report Abuse

Majoriy shareholders who r owners or family controlled companies generally don't sell warrants to avoid control passing over. PNB do not fall into that category .

Posted by kuaTAKtahu > 2018-01-23 21:52 | Report Abuse

.

Posted by Rowie > 2018-01-23 21:55 | Report Abuse

High.....far high la

Posted by Moses Tan > 2018-01-23 22:09 | Report Abuse

Hold or sell tomorrow?

Posted by 687423 > 2018-01-23 22:26 | Report Abuse

Toss a coin.....head keep, tail chop. If miraculously standing, donate it to charity.

Posted by 687423 > 2018-01-23 22:29 | Report Abuse

Correction... I mean donate the share and not the coin....

Posted by Meng Fatt Lee > 2018-01-23 22:37 | Report Abuse

Since their cost is 30c, pressuring down the stock doesn't benefiting amanah .

Posted by Rowie > 2018-01-23 22:44 | Report Abuse

Just calculate.... sell 300m make 10 sen = 30m Gain
Share price lose 10 sen 2= 3b x 10 sen = 300m loss
Makes "good business sense"
Just like our politicians "brain is in their arse"

Posted by Rowie > 2018-01-23 22:48 | Report Abuse

If PNB need money they can sell sell all the free warrants instead of mother share & they will still not lose control, yet they still don't do that. Odd isn't it

Posted by Rowie > 2018-01-23 22:58 | Report Abuse

Actually PNB sold abt 350m shares

Posted by yingkang87 > 2018-01-23 23:10 | Report Abuse

Tomorrow sapu coz oil price up again!!

Posted by moonhead > 2018-01-23 23:30 | Report Abuse

Share price will rocket up once foreign investors collected all from PNB. So please be patient.

Posted by zayady > 2018-01-23 23:51 | Report Abuse

just asking any bad news? if nothing tomolo we can see this stock fly again like b4....

Posted by drgondrong > 2018-01-24 00:00 | Report Abuse

Amanah transaction as published on company website:
Amanah from 2016 direct holding of 8% shoot up to 43% in oct 2017.

Acquired:
25 Oct 2017 2,701,646,774
*** (price on board at that time was 0.275-0.29)
*** UMW-OG proposed the 14-for-5 rights issue of shares at 30 sen apiece, sweetened with free warrants on the basis of 1 warrant for every 4 rights shares subscribed


Disposed:
08 Jan 2018 22,500,000 (price 0.42-0.465)
09 Jan 2018 48,034,080 (price 0.41-0.48)
10 Jan 2018 100,000,000 (price 0.405-0.46)
11 Jan 2018 29,465,920 (price 0.4-0.425)
17 Jan 2018 9,500,000 (price 0.38-0.415)
18 Jan 2018 98,673,878 (price 0.34-0.395)
19 Jan 2018 46,418,293 (price 0.34-0.37)

Total acquired - Total disposed: 2,347,054,603

Their selling price is still way lower than their purchased price (i believed)
I would say that they are the smart ones and not any of you who criticise their methods.

Posted by Effendy Tay > 2018-01-24 05:04 | Report Abuse

Crude oil Brent and nymex increase more than 1usd.Brent crude break 70usd /barrel while nymex above 64usd .Should it managed to stay 70-80usd per barrel it's a big relief for oil industries and improve more operation. At the current time of this message Brent Bloomberg is 70.20usd/barrel while nymex 64.40 both above 1usd increased all time high since 2015.

Posted by Effendy Tay > 2018-01-24 05:12 | Report Abuse

Amanah sold at lowest price, foreign funds purchase for future growth. China robust investment in oil operation shall be dominant and own the lowest, just as hengyuan bgt over from shell. Who are great looser in the long run. From 4.50to29cts sold at below 0.40cts more than 2 .3bil shares. Be realistic when it jump above 50cts.my 2cts opinion

Posted by Iloveshare > 2018-01-24 06:25 | Report Abuse

break 70usd, hold tight rallyv the rocket up soon

Posted by fl888 > 2018-01-24 06:30 | Report Abuse

MACC should investigate the Board of Amanah Trustees Why and how they are selling continuously when oil prices are so high and This Share are undervalued by some analysts......a new style of corrrupt activities like FGV..

Posted by klsestreet > 2018-01-24 07:45 | Report Abuse

It is about currency. USD down....RM up.
Taking advantage is the game. Qtrly report is the only tangible evident. Wait and be sabar.

Posted by Effendy Tay > 2018-01-24 08:36 | Report Abuse

Anybody knows who is the buyer of umwog corporations. Hengyuan received 1.7billion loans from several banks in Malaysia to inject more funds in the oil industries downstream. Won't be surprised if hengyuan is behind the take over to cater in house service. If that concludes biggest beneficiaries in umwog is likely be the one who has established oil exploration and refining in Malaysia buying at lowest price. During the booming years umwog was 4.50ringgit ,the lowest 29cts

Posted by 陳彥霆 > 2018-01-24 08:49 | Report Abuse

petronas?

ffendy Tay Anybody knows who is the buyer of umwog corporations. Hengyuan received 1.7billion loans from several banks in Malaysia to inject more funds in the oil industries downstream. Won't be surprised if hengyuan is behind the take over to cater in house service. If that concludes biggest beneficiaries in umwog is likely be the one who has established oil exploration and refining in Malaysia buying at lowest price. During the booming years umwog was 4.50ringgit ,the lowest 29cts

Posted by 陳彥霆 > 2018-01-24 09:01 | Report Abuse

lol last second withdraw seller @ 500k unit causing open at 35.5c

Posted by kuaTAKtahu > 2018-01-24 09:10 | Report Abuse

Who bought the PNB, 300mil shares?

Posted by Jonathan Keung > 2018-01-24 09:15 | Report Abuse

amanah sold the shares part of the rebalancing equities . remember 1 sells ( there must be another buyer )

Posted by Wei Hong > 2018-01-24 09:17 | Report Abuse

retailers bought it. lol.

Posted by Geledang Ampang > 2018-01-24 09:17 | Report Abuse

Bad news...this counter go down...no bad news also...counter go down...

Posted by Geledang Ampang > 2018-01-24 09:18 | Report Abuse

This is a dog counter...only hope is the year of Dog...this dog can fly...

Posted by Wei Hong > 2018-01-24 09:30 | Report Abuse

PNB converted preferred shares at 0.300 and sell to ikan bilis oooo

Posted by 陳彥霆 > 2018-01-24 09:44 | Report Abuse

amandog keeps selling how to go up? i think 35c seller also amandog

Posted by fl888 > 2018-01-24 09:46 | Report Abuse

IPO 51cts, so Amanah kiasu, run mother at 35 and wa at 17.5 equal 52.5, still make 1.5 cts....not bad..

Posted by Lewis Lee > 2018-01-24 09:50 | Report Abuse

Early Morning AMANAH dump like dogs again !!
"Who let the dogs out ?? WUF ! WUF ! WUF ! "

Posted by Lewis Lee > 2018-01-24 09:50 | Report Abuse

0.345 RESISTANCE WILL BE BROKEN SOON AH !!!

Posted by fl888 > 2018-01-24 09:54 | Report Abuse

could be bad qtr result, massive impairment provision likely and Amanah got inside information...

Posted by BillyK > 2018-01-24 09:56 | Report Abuse

ASN sell big
make 4 or 5 cts
good profit liao