Posted by offshore > 2017-05-31 15:00 | Report Abuse

Yes, please buy this counter to support their share price. If the share price drop below 30 sen, it will be very odd for PNB to subscribe the RI at 30 sen, risking the RI exercise. Without the proceeds from RI, this company may end up in PN17. Please also remember to go to the EGM and support the RI exercise.

Posted by Cornerstone > 2017-05-31 15:01 | Report Abuse

why support this stock when there are so many stocks on SALE? haha

Posted by JoshuaMS7 > 2017-06-01 14:46 | Report Abuse

Waiting more awhile, no need rush to buy

Posted by jack2 > 2017-06-01 14:59 | Report Abuse

how much pnb need to fork out for the rights?
rm 1 billion or more?

can pnb see light at end of tunnel?

Posted by SapuMalaysia > 2017-06-01 17:21 | Report Abuse

PN17 soon , better run

Posted by hewusana > 2017-06-01 19:19 | Report Abuse

Too late. Sudah kena

Posted by berjaya > 2017-06-01 21:27 | Report Abuse

When UMW will distribute umwog share?
Can not find any info about it. ....

Posted by Pmaster > 2017-06-04 09:18 | Report Abuse

Berjaya , sure u cant find anymore becos cancel oledy

Posted by mfbs > 2017-06-05 16:18 | Report Abuse

New low

Posted by newbiecc > 2017-06-05 17:01 | Report Abuse

bought at 0.93, but cut loss before Q report out... not really look good in future.

Posted by xiaogumin88 > 2017-06-05 17:21 | Report Abuse

but still have ppl buy, buy rate 18%

Posted by stevenkhoo > 2017-06-05 18:50 | Report Abuse

drop so much today
50 and below sure liao
anyone pick up the rights

Posted by Pmaster > 2017-06-05 19:01 | Report Abuse

I think can reach 0.40

Posted by Pmaster > 2017-06-05 19:01 | Report Abuse

Dun buy

Posted by stevenkhoo > 2017-06-05 19:03 | Report Abuse

30cts can buy bor?

Posted by Ismylife73 > 2017-06-05 19:10 | Report Abuse

i buy sikit

Posted by 4444 > 2017-06-05 20:09 | Report Abuse

Keep dropping. Possible below RI price?

Posted by newbiecc > 2017-06-06 07:58 | Report Abuse

Nothing is impossible for UMWOG (I mean may drop to 0.3 after Q2 report out),since it lose the name of UMW, first drop from 0.93 to 0.7, then 0.6, now 0.5.

Posted by Pmaster > 2017-06-06 13:28 | Report Abuse

How come the price at 0.66 but proposed right share price juss 0.30 only
, from this is very clear will pull down the price around 0.35-0.40 .

Posted by Cornerstone > 2017-06-06 13:29 | Report Abuse

everyday falling..

Posted by JoshuaMS7 > 2017-06-06 15:52 | Report Abuse

ya. waiting for 0.300

Posted by Pmaster > 2017-06-06 16:52 | Report Abuse

Yup waiting 0.30-0.35 is more safety

Posted by berjaya > 2017-06-06 19:59 | Report Abuse

Pmaster when UMW cancel distribute umwog share?

Posted by berjaya > 2017-06-06 20:17 | Report Abuse

My plan is wait UMW distribute umwog share, go in buy some share, take up right issue , follow PNB go holland or heaven. Hahaha

Posted by JamesPond > 2017-06-07 15:22 | Report Abuse

Proposed distribution not cancelled. Barring unforeseen circumstances, the proposed distribution is expected to be completed by 3rd qtr of 2017

Posted by JamesPond > 2017-06-07 15:31 | Report Abuse

The proposed rights issue also expected to complete by 3rd qtr. UMW have to distribute before OG call for rights. I imagine after the distribution those new shareholders who don't want to subscribe for rights would be scrambling to dispose their shares. Durian runtoh sales!!!!

Posted by berjaya > 2017-06-07 15:40 | Report Abuse

Thanks JamesPond, I have same opinion

Posted by JamesPond > 2017-06-07 15:52 | Report Abuse

Cotopaxi...UMWOG after RI is debt free?? Very unlikely. AT 31.03.17, Co has RM3.8B of loans. Monies from RI will setoff only RM1.5B. Lagi ada RM2.3B of borrowings????

Posted by offshore > 2017-06-07 16:37 | Report Abuse

Not debt free, it only reduce the gearing to 0.56.

Posted by offshore > 2017-06-07 16:40 | Report Abuse

EGM should happen early July so that the RI can be approved before end of July when UMW shareholders get their UMWOG shares as there is a risk that these shareholders may sell the UMWOG shares immediately.

Posted by Pmaster > 2017-06-07 17:26 | Report Abuse

Tomorow will drop lower

Posted by Pmaster > 2017-06-07 17:28 | Report Abuse

Becareful

Posted by offshore > 2017-06-07 23:50 | Report Abuse

People are buying in hoping that the current Saudi Qatar conflict will lead to oil price rise.

Posted by BillyK > 2017-06-08 08:58 | Report Abuse

as electric cars is selling well in another 4-5 yrs
demand for oil is going down
prospects ....

Posted by Pmaster > 2017-06-08 11:34 | Report Abuse

Who invest this counter from 2014 lose till no underware , lose more than 75% !

Posted by offshore > 2017-06-08 12:40 | Report Abuse

These people will have to subscribe the RI to average down their cost. Those that bought a lot at the peak of RM4.40 will suffer the most.

Posted by Pmaster > 2017-06-08 13:36 | Report Abuse

Dun buy this year

Posted by berjaya > 2017-06-08 15:16 | Report Abuse

Can see got investors support the share price,
Let see how strong financial of this investors..

Posted by stevenkhoo > 2017-06-08 15:26 | Report Abuse

if electric cars come in a big way after 2020/21 like smartphones
then oil & gas industry is doomed

Posted by offshore > 2017-06-08 16:58 | Report Abuse

Those buying now have to prepare some money to subscribe the RI as well to avoid being impacted by the dilution.

Posted by offshore > 2017-06-08 18:15 | Report Abuse

Electricity to charge electric cars still needs to be generated from an energy source. Some generators run on fossil fuel.

Posted by simple1 > 2017-06-09 09:21 | Report Abuse

When is the ri?

Posted by JamesPond > 2017-06-09 15:38 | Report Abuse

I somehow doubt electric cars are powered by generators. Presumably they are battery powered. Yes, if more electric car means lesser fossil fuel consumption.

Posted by snwong13 > 2017-06-09 20:15 | Report Abuse

.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5458197

Posted by offshore > 2017-06-09 23:19 | Report Abuse

Electric cars are battery powered but that battery needs to be charged by electricity generated by TNB from various energy source such as fossil fuel, coal or hydroelectric.

Posted by offshore > 2017-06-11 18:38 | Report Abuse

Egm early July, maybe timeline will be announced during the egm. Normally, should complete by September.

Posted by yingkang87 > 2017-06-12 02:51 | Report Abuse

Anyone can explain how is the right shares works?

Posted by yingkang87 > 2017-06-12 03:28 | Report Abuse

It will dilute after the rights oh!!!

Posted by berjaya > 2017-06-12 11:40 | Report Abuse

ISSUE PRICE OF RM0.30 PER RIGHTS SHARE ON THE BASIS OF FOURTEEN (14) RIGHTS SHARES FOR EVERY FIVE (5) ORDINARY SHARES IN UMW-OG,

FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED

If you holding 10, 000 share UMWOG,
You want subscribe the right issues,
(10,000÷5)×14 =28,000 share for you buy at Rm0.30 per share, total Rm 8, 400 need to pay.

Free gift is warrant if you subscribed right share
28, 000÷4=7,000 share of warrant

If my explanation wrong please correct me.
Thank you.

Posted by sheep > 2017-06-12 12:39 | Report Abuse

price will slide to below when UMW holders given UMWOG shares as dividend. After dilution, shud go dwon further. Sell on strength