Posted by oasischeah > 2017-08-15 10:17 | Report Abuse

As soon as the RI is official, it will trigger a sell down.

Posted by JamesPond > 2017-08-15 12:19 | Report Abuse

Once RI confirmed, I don't think there would be a sell down. On the contrary, I believe it will go up because:-
1] Those that want to sell would had sold
2] The market already priced in the RI effects
3] Once confirmed RI, that means UMWOG WILL be bailed out by PNB and chances of survival and eventually recovery increases

On the other hand, if RI rejected, then there will be a sell down.

Posted by Rowie > 2017-08-15 18:55 | Report Abuse

Some chaps here r so pathetic . At 29 sen thinking of selldown. Already sold down from 90sen before these dodgy deals came about. All engineered for crash for insiders to make money.
If anybody worried, don't buy or just sell yr holding & go to other forums . Stop spreading rubbish at this prices

Posted by offshore > 2017-08-16 08:35 | Report Abuse

If the RI really rejected, not sure how PNB will save this company. Maybe will end up like THHE. But likely RI will be approved because there is no door gift in this EGM. Perhaps not expecting minority to come and vote because it's really done deal. Even if RI proceeds, don't expect price will fly, it will remain below RM1 for some years. If Q2 continues to record loss, it is obvious the current day rate is below the company's breakeven rate. Any contract awarded will only reduce its loss, will not make them profitable.

Posted by Mrsblessingfirm > 2017-08-16 09:22 | Report Abuse

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Posted by JamesPond > 2017-08-16 12:48 | Report Abuse

Mrsblessingfirm, you should try asking UMWOG to borrow from you to rollover their borrowings. They definitely needs to borrow some more

Posted by FlyHiLaylo > 2017-08-16 15:20 | Report Abuse

15-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 4,934,000 shares on 09-Aug-2017.

EPF can't be wrong....or can they?!

Posted by micky92 > 2017-08-16 20:30 | Report Abuse

Continue buying by EPF....at 0.285 for me downside risk is very much limited.

Posted by hewusana > 2017-08-17 20:20 | Report Abuse

Should be OK if less than 0.30

Posted by hewusana > 2017-08-17 20:21 | Report Abuse

Now 0.31 still can buy?

Posted by hewusana > 2017-08-17 20:22 | Report Abuse

Is epf buy at 0.32?

Posted by micky92 > 2017-08-18 11:21 | Report Abuse

Fail to go down...momentum up.cheers

Posted by Azman Hashim > 2017-08-18 11:31 | Report Abuse

Sometime jerung likes epf buy to retain stock holder in those company.

Posted by johortiger > 2017-08-18 16:03 |

Post removed.Why?

Posted by masterus > 2017-08-19 15:45 | Report Abuse

London biscuit 7126 will issue right issue,warrants and bonuses soon. Soon it will up.

Posted by perseushermes > 2017-08-21 10:28 | Report Abuse

No umwog forum ka? Ada London biskut, dnex? Semua promote bila stuck

Posted by bobs > 2017-08-21 11:35 | Report Abuse

tadak story ka umwog?

Posted by masterus > 2017-08-21 11:39 | Report Abuse

London biscuit reached 0.815 from 0.795.

Posted by masterus > 2017-08-21 11:40 | Report Abuse

Now is moving not stuck.

Posted by woulong > 2017-08-21 19:47 | Report Abuse

http://www.chinapress.com.my/20170821/%E5%9C%8B%E6%8A%95%E6%93%AC%E6%B8%9B%E6%8C%81%E7%8F%BE%E9%87%91-%E6%88%96%E9%87%8B%E6%94%BE133%E5%84%84%E6%B5%81%E5%85%A5%E5%B8%82%E5%A0%B4/

Posted by woulong > 2017-08-21 20:03 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/08/21/pnb-looking-to-hold-less-cash/

Posted by nicky > 2017-08-22 09:45 | Report Abuse

Red now... sighs

Posted by marklks5 > 2017-08-22 12:50 | Report Abuse

those brought at 0.28 and selling 0.33 dont mind it is red...

Posted by snwong13 > 2017-08-22 19:33 | Report Abuse

.
Result out
Contract received

Posted by Mark Chia > 2017-08-22 20:06 | Report Abuse

OK. Results were bad but better than expected qtr to qtr. Likely to face turbulence. Lets hope the plane lands safely

Posted by FlyHiLaylo > 2017-08-22 22:45 | Report Abuse

https://asia.nikkei.com/Markets/Nikkei-Markets/UMW-Oil-Gas-Corporation-Gets-MYR113-Mln-Contract-From-Repsol-Oil-Gas-Malaysia

Contract sealed.

Posted by offshore > 2017-08-22 22:51 | Report Abuse

Proven that current day rate is below their breakeven point. Even if all their rigs are contracted out will still loss money. The only thing that can save them is high oil price.

Posted by ekalskp > 2017-08-22 23:39 | Report Abuse

Even now 6 out of 7 rigs is under contract but the company still in loss making. Very difficult to predict the future direction of this company and same goes to future share price.

Posted by Ah Kow, Ali dan Muthu > 2017-08-23 00:08 | Report Abuse

Malaysian Oil and Gas cost of operation are above and very high.
Their directors, CEO are not innovative business man but only politician (good in PR).
Earn big big remuneration and should resigned like Media Prima CEO recently.
Very sad - Good in talking can cari makan in Malaysia but not really professional qualified.

Posted by Ananas > 2017-08-23 07:36 | Report Abuse

Based on current DCR avg USD75 which below operation cost hence very difficult to get profit.
Latest contract bagged Naga 5 for USD26.4M (1 year) = 26.4M/365days =USD 72k
Upto end of 2017 maybe only breakeven.
In year 2018 maybe start generate profit.

Posted by offshore > 2017-08-23 09:06 | Report Abuse

Please remember they don't get the full day rate all the time. Some time, they get repair rate, breakdown rate, moving rate etc. and they are all below the agreed full day rate. And oil companies can always make them go on standby at zero rate as and when they like. Nowadays, oil companies are also making them pay for the additional equipment needed for the operation. This business is not easy to do nowadays. By the way, what happen to the Middle East entry they talked about few years ago?

Posted by nicky > 2017-08-23 10:25 | Report Abuse

Aiyo.. this HLB revised the TP from RM0.72 to RM0.32... really donno how they set the TP. The title still "lower loss than expectation"............

Posted by nicky > 2017-08-23 10:27 | Report Abuse

Secured new projects yet price keeps going down

Posted by hklcheng > 2017-08-23 12:46 | Report Abuse

what the....report nice, price drop

Posted by sandrakkc > 2017-08-24 16:27 | Report Abuse

TA recommending a target price of 82 Sen. Don't know how to share link here.

Posted by sandrakkc > 2017-08-24 16:33 | Report Abuse

https://eresearchsystem.bursamalaysia.com/eResearch/webdownload.pub?id=19893

Posted by investor12345 > 2017-08-24 19:36 | Report Abuse

However, post the RI, the earnings dilution will be extremely HUGE?

Posted by hewusana > 2017-08-24 20:18 | Report Abuse

What going to happened tomorrow?

Posted by mikeann > 2017-08-24 23:34 | Report Abuse

Stock grossly undervalued and oversold. rebound imminent. First resistance 0.36

Posted by marklks5 > 2017-08-25 08:03 | Report Abuse

come, big or small?

Posted by princeo > 2017-08-25 09:42 |

Post removed.Why?

Posted by omione > 2017-08-25 10:48 | Report Abuse

Hi guys, today is the day - EGM. You want a healthy stock price bounce, go and VOTE to deny PNB the exemption and force PNB to take the company private. Investor12345 is right, if rights Issue is to take place, the dilution will be extreme. You can forget about the price bounce for a long time to come. You'll be stuck with your UMWOG position. Again, don't believe the ruse that UMWOG will go belly up without the cash injection from the rights issue. It will survive alright.

Posted by woulong > 2017-08-25 12:35 | Report Abuse

还是大的说了算，小的能干嘛呢？

Posted by FlyHiLaylo > 2017-08-25 14:45 | Report Abuse

As reported in TA security report : We note that the EGM to vote on the rights issue will be held on 25th Aug 2017. A vote to reject the proposal would once again call into question UMWOG’s short-term liquidity risk. That said, this is unlikely given that PNB and its subsidiaries (whom will fully underwrite the rights issue), collectively hold 45% stake in UMW-OG.

Posted by apanama > 2017-08-25 17:51 | Report Abuse

This counter '5243'..so target is RM 0.52 - RM 0.43 ..tak payahlah risau..sure naik punya..:P

Posted by Gohhocks > 2017-08-25 21:00 | Report Abuse

http://www.theedgemarkets.com/article/umwog-expects-rig-utilisation-rate-remain-high-2018

Posted by offshore > 2017-08-25 22:56 | Report Abuse

Will return to the black within 3 years. Finally some honesty from the management. It will return to the black within 3 years if their assumption materialize. If the day rate remains the same for the next 10 years, I really wonder how many cash call can they make.

Posted by Goh Chee Siong > 2017-08-26 00:29 | Report Abuse

Yes. If they don't make more profit to pay debts, there are potential risks of more cash calls.

Posted by Andrew62 > 2017-08-26 00:35 | Report Abuse

I went for EGM.So many old ppl who trusted UMW.
UMW- BUY TOYOTA LAST.

Posted by apanama > 2017-08-26 01:14 | Report Abuse

USD 50 - 55 - 65 for crude oil..USDollar is already confirmed tonight it will weaken further. most likely break DXY 90 with target 89. So high chances crude oil WTI to spike in short term..USD 49-50