Posted by nice1 > 2017-05-09 14:22 | Report Abuse

pnb alone cant support the price

Posted by JamesPond > 2017-05-09 14:27 | Report Abuse

IMHO, it is possible that the price may go south bound after UMW Holdings had distributed their UMWOG shares because approximately 450M UMWOG shares will be distributed to other shareholders (i.e. Non PNB + PNB unit trust). These new shareholders may not be interested in UMWOG shares in the first place or may not be willing to fork out more money for the rights thus may sell their UMWOG shares received from UMWH.

Posted by nice1 > 2017-05-09 14:30 | Report Abuse

yeah, more selling pressure after share distribution and RI

Posted by nice1 > 2017-05-09 14:31 | Report Abuse

only consolation is the free W

Posted by JamesPond > 2017-05-09 15:38 | Report Abuse

The free warrant is not much of a consolation. If everyone subscribe for their rights, there would be 1,513,400,000 warrant and even if PNB holds on to their warrant (689M), there would still be 825M warrant in the market. With so many sellers, maybe the warrant worth 1 to 2 sen only. If you have 100,000 shares now, you need to fork out RM84,000 for the RI and the consolation you get is 70,000 warrant worth 2 sen. Lagi baik buang longkang

Posted by offshore > 2017-05-09 20:16 | Report Abuse

It's all about how fast this company can generate profit and improve its value with the gearing of 0.5 after the whole exercise.

Posted by Andrew62 > 2017-05-09 20:27 | Report Abuse

RI you have three options
1. Buy RI with free warrants.
2.

Posted by Andrew62 > 2017-05-09 20:29 | Report Abuse

2. Sell to others.No free warrants
3. Do nothing but loose on post RI price.

Posted by Andrew62 > 2017-05-09 20:30 | Report Abuse

Option 2 you get a kick back.

Posted by Hunter Cho > 2017-05-09 22:27 | Report Abuse

isn't this the same approach with DRB HICOM? When DRB HICOM received the cash injection, the stock price just went crazy?

Posted by Andrew62 > 2017-05-10 13:18 | Report Abuse

Hunter Cho u tell me when?I have historical data dating back 1995 u referring to 2000?
Nothing personal kust sharing with brothers.
.Are

Posted by 2016v > 2017-05-10 13:26 | Report Abuse

3 yrs forecast till 2019 still losses
No light yet
Yeah RI is a burden
More selling pressure expected, going 50

Posted by Andrew62 > 2017-05-10 13:58 | Report Abuse

UMW BUY TOYOTA LAST.

Posted by JoshuaMS7 > 2017-05-11 12:17 | Report Abuse

without umw support should no more can up anymore

Posted by rijack88 > 2017-05-11 14:05 | Report Abuse

http://klse.i3investor.com/blogs/bfm_podcast/122486.jsp
TP : 0.8?

Posted by JoshuaMS7 > 2017-05-11 15:58 | Report Abuse

heading to 0.600 or 0.500!!

Posted by Kingoffry > 2017-05-12 05:23 | Report Abuse

0.615 just buy 200k lots
For those who buy 0.655- 0.680 will be freeze
400k lots waiting at 0.65

Posted by Kingoffry > 2017-05-12 05:26 | Report Abuse

No change drop below 0.60
If so 500k lots parking there
Is buying opportunity

Posted by JoshuaMS7 > 2017-05-12 10:54 | Report Abuse

keep dropping, expected breaking 0.600 soon!

Posted by JoshuaMS7 > 2017-05-12 11:38 | Report Abuse

waiting 0.500

Posted by posby > 2017-05-12 12:25 | Report Abuse

http://www.theedgemarkets.com/article/mega-deal-loss-spells-joy-umw-oil-gas

Posted by posby > 2017-05-12 12:31 | Report Abuse

70% utilisation..everyday also news out...waiting operator to push back 0.690...

Posted by Hunter Cho > 2017-05-12 17:13 | Report Abuse

great, let us see how things pan out..

Posted by Hunter Cho > 2017-05-12 17:24 | Report Abuse

hi Andrew62, to me, it does not matter what form of cash injection was used as long as they can get back on track...

Posted by KedahMalay > 2017-05-13 18:31 | Report Abuse

Down More

Posted by confuse > 2017-05-13 19:05 | Report Abuse

Many said if no merger with Icon and Orkim UMW OG can shoot up(even 90 sen?) why keep dropping instead? So is merger good or bad? I am confused.

Posted by Cotopaxi > 2017-05-14 20:06 | Report Abuse

If 'target ex-price' TERP is 39.5sen, the calculation of which is based on pre-announcement average market price of 66sen, then how would anyone buy now at above 66sen?

Must subscribe to rights share first. I think price will move after the rights issue is done.
Prices may actually move above the targeted 39.5sen; if all the rigs are employed. And hopefully the loans will be retired using the proceeds from the rights issue.
The warrants will be useful too.

Posted by Kingoffry > 2017-05-15 04:42 | Report Abuse

Or umwog will push up till 0.70 then adj free warrant price?

Posted by chanyh > 2017-05-15 09:22 | Report Abuse

wait the announcement from agm today.

Posted by xcraft > 2017-05-15 09:23 | Report Abuse

suspended until what time?

Posted by posby > 2017-05-15 09:28 | Report Abuse

suspend due to project award..10am back on trading..

Posted by posby > 2017-05-15 09:30 | Report Abuse

good news flowing in.....

Posted by nice1 > 2017-05-15 09:39 | Report Abuse

need your money ma
good news coming till right issue

Posted by JoshuaMS7 > 2017-05-15 09:40 | Report Abuse

seems huge blocking??

Posted by posby > 2017-05-15 09:55 | Report Abuse

that the game...wait patiently..today jus 1st day...

Posted by xcraft > 2017-05-15 10:35 | Report Abuse

merger = price drop , merger fail = price up?

Posted by rijack88 > 2017-05-15 10:40 | Report Abuse

what is the news?can still buy now?

Posted by Cikam > 2017-05-15 10:59 | Report Abuse

Ok..it is time to buy umw og..contracts coming in..seat and releks..

Posted by dompeilee > 2017-05-15 11:10 | Report Abuse

Bought some UMWOG @ 62c

Posted by labu83 > 2017-05-15 11:41 | Report Abuse

Biasala Bos ,kasi duit Kopi,general election Lor,apa pun bleh up Ma...

Posted by offshore > 2017-05-15 12:40 | Report Abuse

Take note:

1. Whatever contracts they have can always be suspended by their clients as and when they like. It happen in the past.

2. Even when rigs is expected to be fully utilised from July 17 onwards, the management can't answer if there will be further impairment or not for FY 2017.

Posted by posby > 2017-05-15 13:06 | Report Abuse

@offshore special interview from bloomberg...CEO already stated...impairment (0ff table)...

Posted by Kingoffry > 2017-05-15 14:09 | Report Abuse

Tan Sri sudah in ... Apa lagi? Goreng laaaaa!!!

Posted by Rowie > 2017-05-15 14:13 | Report Abuse

KUALA LUMPUR: UMW Oil & Gas Corp Bhd (UMW-OG) is bidding for 33 jobs worth a combined value of RM3.2bil.

The oil and gas services provider said on Monday of the total jobs being tendered for its jack-up rigs, 20 were based overseas and 13 were local jobs.

According to UMW-OG president Rohaizad Darus, the company would likely achieve a utilisation rate of around 90% in the coming years based on the number of jobs being tendered.

He noted that with the two contracts UMW-OG just secured from Petronas Carigali Sdn Bhd worth US$34.81mil or RM151.07mil to provide services to its firm and optional wells, the company would achieve a utilisation rate of 100% by the second half of 2017.

Read more at http://www.thestar.com.my/business/business-news/2017/05/15/umw-og-bidding-for-33-jobs-worth-rm3pt2b/#g8jXaO3VqTaTgqz4.99

Posted by HitNRun12 > 2017-05-15 15:56 | Report Abuse

good then... UP UP UP

Posted by offshore > 2017-05-15 17:06 | Report Abuse

So with 100% utilisation can they show profit for FY17? Will this be the big headline in tomorrow's paper?

Posted by rijack88 > 2017-05-16 11:02 | Report Abuse

http://www.theedgemarkets.com/article/umwog-gains-161-bagging-rm151m-jobs-petronas-carigali

Posted by offshore > 2017-05-16 12:57 | Report Abuse

http://www.theedgemarkets.com/article/umwog-expects-turn-cashflow-positive-year

Posted by offshore > 2017-05-16 15:33 | Report Abuse

I wonder how long have they been in negative cash flow.

Posted by ekalskp > 2017-05-16 16:16 | Report Abuse

The good news of umw og keep flowing recently but the stock price so stubborn to move up or down... No any sign of the price whether go to south or north