Posted by Andrew62 > 2017-01-30 18:13 | Report Abuse

["http:\/\/theedgemarkets.com\/my\/article\/umw-mega-deal-good-and-bad?type=corporate"]

Posted by spaghetti932 > 2017-01-31 10:14 | Report Abuse

i think the biggest problem is the dilute of the WMWOG share after the merger ... long term benefit is good, but the share value just diluted too much in short term.

Posted by lachai2004 > 2017-01-31 10:43 | Report Abuse

if not because of dilution of earning per share, new entity, estimated 9 months to complete the corporate exercise ECT, the share price will not be RM0.70.

Posted by snwong13 > 2017-02-02 12:44 | Report Abuse

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https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2017/02/01/oil-holding-gains-midday

Posted by tangen1985 > 2017-02-02 17:57 | Report Abuse

So what... still not keen to push up the price

Posted by sniper123 > 2017-02-04 06:41 | Report Abuse

hi stockmanmy im a newbie. on 24/1/2017 u wrote in 2 wks kaki die....... its almost 2 weeks, any latest news on umwog?? ill like 2 learn from u.

Posted by snwong13 > 2017-02-06 08:32 | Report Abuse

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http://klse.i3investor.com/blogs/golden_years/115191.jsp

Posted by Andrew62 > 2017-02-13 19:08 | Report Abuse

Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcement dated 19 January 2017 in relation to, inter-alia, the proposed acquisition of 37,087,725 ordinary shares in Orkim, representing approximately 95.5% equity interest in Orkim, for a cash consideration of RM472,725,000 (“Announcement”).)

On 19 January 2017, Maybank IB had, on behalf of the Company, announced that as soon as practicable following the signing of the Orkim SPA, UMW-OG shall issue offer to purchase all of the Orkim Shares held by Wan Izani bin Wan Mahmood (“WIWM”) and Khoo Chin Yew (“KCY”) (collectively referred to as “Minority Shareholders”) upon the same terms and conditions set out in the Orkim SPA.

On behalf of the Company, Maybank IB wishes to announce that following the offer by UMW-OG via letters dated 3 February 2017 to each of the Minority Shareholders (“Offer Letters”) (in the manner described in the Orkim Shareholders’ Agreement), the Minority Shareholders have on 13 February 2017 accepted the offer by UMW-OG via the Offer Letters by entering into the following respective agreements with UMW-OG:

(i) conditional share purchase agreement for the purchase of 970,883 Orkim Shares held by WIWM, representing 2.5% equity interest in Orkim, upon the same terms and conditions set out in the Orkim SPA for a cash consideration of RM12,375,000; and

(ii) conditional share purchase agreement for the purchase of 776,706 Orkim Shares held by KCY, representing 2.0% equity interest in Orkim, upon the same terms and conditions set out in the Orkim SPA for a cash consideration of RM9,900,000,

(to be collectively referred to as “Minority SPAs”)

The Minority SPAs are conditional upon the Orkim SPA becoming unconditional. The completion of the Proposed Residual Orkim Acquisition shall take place simultaneously with the completion of the Orkim SPA.

The Proposed Residual Orkim Acquisition will not have any effect on the share capital and shareholding of the substantial shareholders of UMW-OG, and it is also not expected to have any material effect on the EPS, NA per UMW-OG Share and gearing of the UMW-OG Group for the financial year ending 31 December 2017.

None of the Directors, major shareholders of UMW-OG and/or persons connected to them have any interest, direct or indirect, in the Proposed Residual Orkim Acquisition.



This Announcement is dated 13 February 2017.

Posted by Andy88 > 2017-02-17 15:02 | Report Abuse

Ready to show hand

Posted by Andy88 > 2017-02-17 15:36 | Report Abuse

Aiming to cross 0.73 today

Posted by Andrew62 > 2017-02-17 15:52 | Report Abuse

yeap getting there.

Posted by Andrew62 > 2017-02-19 13:16 | Report Abuse

UMWOG will test 0.76-0.77 in end Feb b4 it will nose dive to 0.65-0.70 in Mar-April.

Posted by Andrew62 > 2017-02-19 13:20 | Report Abuse

KUALA LUMPUR (Feb 18): The Edge weekly in its latest edition said that it has not been an easy 16 months for Badrul Feisal Abdul Rahim since he took over as UMW Holdings Bhd’s president and group CEO on Oct 1, 2015.

In its cover story, the Edge’s Khairie Hisyam Aliman and Adam Aziz wrote that just months into his tenure, Badrul had the dubious honour of presenting the group’s worst full-year financial results since 1998.

For the financial year ended Dec 31, 2015 (FY2015), UMW posted a net loss of RM37.2 million on revenue of RM14.44 billion as lower income from its automotive division was exacerbated by widening losses in its oil and gas (O

Posted by JoshuaMS7 > 2017-02-20 12:00 | Report Abuse

will this counter rebound like armada?

Posted by Andy88 > 2017-02-20 12:32 | Report Abuse

Ok market tested, 2nd session umwog should show time

Posted by Andy88 > 2017-02-20 15:44 | Report Abuse

Wait 4pm buy before that

Posted by Andy88 > 2017-02-20 15:48 | Report Abuse

At least test to rise 20% this few days just like armada

Posted by lachai2004 > 2017-02-20 15:59 | Report Abuse

Possible as the corporate restructuring price is 80s

Posted by Hunter Cho > 2017-02-21 23:33 | Report Abuse

i am really concerned about the QR result as it has been managed poorly showing negative 62000% and this can further result in par value being cancelled before restructuring...

Posted by Andy88 > 2017-02-22 10:31 | Report Abuse

Just standby, today volume sure come

Posted by Andy88 > 2017-02-22 10:54 | Report Abuse

Ok start buying

Posted by JoshuaMS7 > 2017-02-22 15:29 | Report Abuse

when the report will be out??

Posted by JoshuaMS7 > 2017-02-22 15:45 | Report Abuse

this counter still got hope? it has been stuck for long long times since merge with icon...

Posted by chanyh > 2017-02-22 16:54 | Report Abuse

Need to see whether there is any good news, no high volume today...

Posted by JoshuaMS7 > 2017-02-23 08:55 | Report Abuse

Guys oil price breaking 60 anytime soon! All oil counters will flying soon!

Posted by Andy88 > 2017-02-23 09:36 | Report Abuse

Sell first, result out might drop another 20%

Posted by JoshuaMS7 > 2017-02-24 16:23 | Report Abuse

will this counter turn green in this coming report?? any idea?

Posted by yingkang87 > 2017-02-26 23:29 | Report Abuse

perisai and dayang all making money.... impossible making loss la!!!

Posted by Andy88 > 2017-02-27 11:07 | Report Abuse

Haha what u guys waiting for?

Posted by JoshuaMS7 > 2017-02-27 16:11 | Report Abuse

today or tomoro the report will out??

Posted by nich0las > 2017-02-27 18:05 | Report Abuse

RUN..... http://www.bursamalaysia.com/market/listed-companies/company-announcements/5349577

Posted by snwong13 > 2017-02-27 18:32 | Report Abuse

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WoW!! another huge impairment!!

"However, the fourth quarter of 2016 posted a higher loss before tax of RM918.1 million as compared to the RM133.0 million loss in the third quarter of 2016 due mainly to asset impairment of RM780.2 million"

Posted by yingkang87 > 2017-02-27 19:04 | Report Abuse

Shit lo....

Posted by snwong13 > 2017-02-27 19:16 | Report Abuse

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can it be the company provided impairment only in 4th qtr of RM780M throughout the full year? meaning no impairment was actually provided in 1st/2nd/3rd qtr??

Posted by snwong13 > 2017-02-27 19:55 | Report Abuse

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impairment is a prudence accounting measures to safeguard company investment.
i guess it was due to "long-sleeping" naga rigs (expected and known to all investors)
once these naga rigs get utilized, these impairment will translate into profit...
SKPETRO was once in this mode, today, they show improvement (http://www.thestar.com.my/business/business-news/2016/03/25/sapurakencana-posts-losses-in-q4-and-fy16/)
lets see how investors response tomorrow...expecting some knee-jerk reaction

Posted by Tan Chin Hoe > 2017-02-27 20:10 | Report Abuse

Will collect below 60sen

Posted by snwong13 > 2017-02-27 20:52 | Report Abuse

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yes, to add on, UMW HOLDING in huge impairment of > RM2 BILLION !!!
never seen before...
same pattern, all bantai in 4th qtr!!
putting all consolidating parties in high figured RED impairment....
still wondering what game-theory these consolidation goes???

Posted by Hunter Cho > 2017-02-27 23:02 | Report Abuse

this QR is a very ugly result

Posted by Hunter Cho > 2017-02-27 23:03 | Report Abuse

change management is for sure needed here

Posted by Berkat > 2017-02-28 03:12 | Report Abuse

game org besar2 aje

Posted by Andy88 > 2017-02-28 08:39 | Report Abuse

Run kitty run, at least 20% haha

Posted by JoshuaMS7 > 2017-02-28 09:25 | Report Abuse

rebound back!!!

Posted by calvintaneng > 2017-02-28 09:33 | Report Abuse

Rm4 BILLION DEBT?

Rm5 billion worthless PPE

Another hubline?

BETTER GET OUT NOW!!

Posted by 專情の團長 > 2017-02-28 13:54 | Report Abuse

贊成calvintaneng的道理的說

Posted by ragesliew > 2017-02-28 16:19 | Report Abuse

Time to buy

Posted by Ranjit Rizuan > 2017-02-28 16:29 | Report Abuse

Yes, now time to buy

Posted by Zamrud > 2017-02-28 16:42 | Report Abuse

Fully agree. Things will look good going forward. Counter will recover soon.

Posted by Hunter Cho > 2017-02-28 18:06 | Report Abuse

debt compouding debt, what is the interest rate here?

Posted by sogeking > 2017-02-28 22:12 | Report Abuse

Dont be surprised if you dont find this counter tomorrow.

Posted by Hunter Cho > 2017-02-28 23:02 | Report Abuse

yes i would be surprised since there was no par value cancellation yet, counter cannot disappear without formality