Posted by winmal > 2017-07-13 16:00 | Report Abuse

UMW just wants to get out from OG sector , focus on auto industry

Posted by berjaya > 2017-07-13 16:01 | Report Abuse

If investors interest to buy UMWOG share
Investors must get ready subscribe RI
Otherwise no point buy now...

Posted by mafia168 > 2017-07-13 16:02 | Report Abuse

something profitable everybdy want a piece of it, otherwise don't

Posted by mafia168 > 2017-07-13 16:04 | Report Abuse

after the RI, the price is expected to go even lower

Posted by Pmaster > 2017-07-13 16:10 | Report Abuse

Really is unexpected drop to this price 0.30 , i think many people lose big money if play contra !

Posted by investor12345 > 2017-07-13 16:13 | Report Abuse

then perhaps they must adjust the RI to about 20 sen per piece to make it attractive again?

Posted by mafia168 > 2017-07-13 16:16 | Report Abuse

now touching .295

Posted by firehawk > 2017-07-13 16:18 | Report Abuse

so terrible! then, who want to buy RI @0.30?

Posted by nikicheong > 2017-07-13 16:18 | Report Abuse

Might be a good contrarian play to put in 5% of your portfolio to UMWOG at these levels (plus subscribe to RI). Seems a bit like oversold.

Posted by jack2 > 2017-07-13 16:18 | Report Abuse

below 30cts liao, real kaput
after RI even worse
with free warrant also no use
still lose money
conclusion...

Posted by mafia168 > 2017-07-13 16:21 | Report Abuse

next potential thing that could happened will be margin call

Posted by Pmaster > 2017-07-13 16:23 | Report Abuse

Wow , this pnb really good show !

Posted by investor12345 > 2017-07-13 16:36 | Report Abuse

Why did the insider sell UMWOG?

Name of

Principal Officer

Date of

Dealing/Transaction

Type of

Dealing/Transaction

Number of

Affected Shares

% of Issued

Shares

Price per share

(RM)

Chew Eng Hong

11 July 2017 Disposal of Shares 60,000 shares 0.0028 RM0.405

Posted by goreng_kaki > 2017-07-13 16:41 | Report Abuse

can buy bo??

anyone catching the falling knife?

Posted by JoshuaMS7 > 2017-07-13 17:07 | Report Abuse

sideway first, worry tomoro keep on dropping

Posted by goreng_kaki > 2017-07-13 17:21 | Report Abuse

IPO price :RM 2.80

current Price: RM 0.30

Net Losses: -89.28%

not bad la

Posted by Undilah_DAP > 2017-07-13 17:30 | Report Abuse

Someone here said merge with Icon bad. Why no merger even worse?

Posted by oasischeah > 2017-07-13 17:30 | Report Abuse

No. Do not ever touch this share. UMWOG lost badly every quarter and directors will take big share of their fees till doomsday. Keep cash in FD is best for now.

Posted by investor12345 > 2017-07-13 17:42 | Report Abuse

I guess, just wait for some stabilisation or even uptrend signal before entering. Cos it's almost impossible to predict the bottom

Posted by ivan9511 > 2017-07-13 18:51 | Report Abuse

like knm only. coming 0235.
knm best friend

Posted by rockycleft > 2017-07-13 21:26 | Report Abuse

A bridge too far or a platform too many, which one?

Posted by rockycleft > 2017-07-13 21:32 | Report Abuse

Things that can go wrong will go wrong in due time........disastrously!

Posted by rockycleft > 2017-07-13 21:33 | Report Abuse

Fatally!!

Posted by rockycleft > 2017-07-13 21:48 | Report Abuse

A classic example of not able to reach the ayam goreng pun sudah mati ...... due to hunger and RI is like medical resuscitation.

Posted by suregain > 2017-07-13 22:37 | Report Abuse

Bankrap,soon.. good luck to those who hold or intend to buy

Posted by TakeProfits > 2017-07-13 22:37 | Report Abuse

Why you all want to play this one. I am sorry if you have made lossess.this counter. Please I not make fun of anyone's. It's not a good feeling when you are holding a share that has dropped like mad. And their operations is bad...

Posted by shakir_bkk > 2017-07-13 22:56 | Report Abuse

when umw og will seperate from umw group, somebody know?

Posted by araj87 > 2017-07-14 00:50 | Report Abuse

not surprising. with the current leadership and mgmt of course la this counter mati. president background not rigs. head of drilling fundamental background is mwd. mampus

Posted by araj87 > 2017-07-14 00:51 | Report Abuse

company even resorted to cheating own employees. don't expect much from this counter

Posted by Jolin Lai Chi Pet > 2017-07-14 08:15 | Report Abuse

today guarantee will rebound!!!!!!!!!!!!

Posted by mafia168 > 2017-07-14 08:39 | Report Abuse

Tough road ahead for oil industry, some counter may not survive !

Posted by kf911 > 2017-07-14 09:01 | Report Abuse

pity those who bought at RM4. all time high. 4000 become 300

Posted by jack2 > 2017-07-14 09:17 | Report Abuse

oil price below usd60
jack drill and osv biz all no hope
either merged & downsize or go pn17
and pray

Posted by rockycleft > 2017-07-14 11:30 | Report Abuse

MC 8 billion ringgit crashed to 600 million? Someone was not wearing eye glasses........

Posted by rockycleft > 2017-07-14 11:36 | Report Abuse

It was like riding a fast motorbike without crash helmet

Posted by investor12345 > 2017-07-14 11:59 | Report Abuse

But no matter what, the President of UMWOG has reaffirmed that the rights issuance will still take place no matter what, even if PNB is the sole taker

Posted by JamesPond > 2017-07-14 13:49 | Report Abuse

Haven't been around for a week and while I am not surprised by the drop in price after UMW distibution on 11.07.17 I am surprised that at one point it went below 30sen!!! I suppose at the current price, these new shareholders may just hold on and pray that it goes up.

Hopefully those funds that received free OG shares had sold everything since 11.07.17. Else price may go further south. Since 11.07, approximately 90M shares traded. If all these are sold by new shareholders, bal 300M still waiting to sell. Better wait until dust settle before decide on buying OG shares. Good luck to those that bought before UMW's distribution.

Posted by jack2 > 2017-07-14 15:29 | Report Abuse

below 30cts, no point to subscribe RI
pnb hve to take all unsubscribed shares

Posted by mafia168 > 2017-07-14 15:31 | Report Abuse

new low again today, becareful.

Posted by Pmaster > 2017-07-14 15:31 | Report Abuse

Haha ! Today still good show , how low they will press the price ?

Posted by Pmaster > 2017-07-14 15:33 | Report Abuse

Today many people buy 0.305-0.31 hope for rebound , but at the end lose more and more ! Unbelievable

Posted by investor12345 > 2017-07-14 15:36 | Report Abuse

If really what Pmaster said today many people bought for a rebound, so now they're suffering losses, they may wanna consider unwinding back their position to protect their capital from eroding further

Posted by firehawk > 2017-07-14 15:57 | Report Abuse

so disastrous ... hv to revise the RI price? @25sen?

Posted by jack2 > 2017-07-14 16:03 | Report Abuse

price already drop so much
pnb is to buy all the RI at 30cts
and privatised

Posted by MGrowth > 2017-07-14 16:06 | Report Abuse

anyone take my advise last week?

Posted by MGrowth > 2017-07-14 16:07 | Report Abuse

sell at 0.355 and buy back 0.275?

Posted by MGrowth > 2017-07-14 16:07 | Report Abuse

making almost 25%

Posted by hewusana > 2017-07-14 16:09 | Report Abuse

Wow drop below RI. Mana boleh beli ?

Posted by jack2 > 2017-07-14 16:10 | Report Abuse

cheaper buy from market than RI

Posted by firehawk > 2017-07-14 16:15 | Report Abuse

pls don hope for privatization, they apply for exemption from making mandatory offer.