Posted by ampabella > 2017-10-06 13:49 | Report Abuse

Pnb playing a waiting game, siapa cannot wait sure tah Pau

Posted by ampabella > 2017-10-06 13:52 | Report Abuse

Warrant 10cts cukup leow

Posted by bullshit_bear > 2017-10-06 15:22 | Report Abuse

last call ...

Posted by ampabella > 2017-10-06 15:42 | Report Abuse

Last call to up or down

Posted by bullshit_bear > 2017-10-06 15:42 | Report Abuse

last call to dump .. lol

Posted by bullshit_bear > 2017-10-06 15:43 | Report Abuse

clearly the big boy dont want it to cross the line, testing your patience
those cannot tahan will sell now

Posted by Andrew62 > 2017-10-06 16:27 | Report Abuse

UMW - BUY TOYOTA LAST

Posted by Secrecy > 2017-10-06 16:35 | Report Abuse

Who want to buy OR please PM me

Posted by Ken > 2017-10-06 16:48 | Report Abuse

Now very hard to push up,after rights even harder

Posted by sg999 > 2017-10-06 22:35 | Report Abuse

WTI oil big dropping now!!!! UMWOG=next perisai

Posted by Stevecheahsw > 2017-10-07 09:46 | Report Abuse

If use 0.30 to count ,free warrant should be 0.04

Posted by Ken > 2017-10-07 10:54 | Report Abuse

If nobody going to subscribe rights,all the warrants will be in PNB 's hand.Probably warrant price will be in the high side.As warrant is more easy to push up

Posted by Myway > 2017-10-07 13:46 | Report Abuse

Anybody know what is the interest rate for the redeemable convertible preference share (RCSP-I) ?

Preference shareholders will get their interest paid FIRST before ordinary shareholders get any dividend.

Ordinary shareholders will not see any dividend for long long time ....

Posted by HengHuatOng > 2017-10-07 22:13 | Report Abuse

Take time for this share to prosper.

Posted by eazye92 > 2017-10-08 09:54 | Report Abuse

sg999 can you GTFO please? tryna make people scare on your stupid assumption. seriously go take a hike...

Posted by Myway > 2017-10-08 10:40 | Report Abuse

hng33 has explained very well the strategy for minority investors.
Still I will not rush to buy even at $0.28.
Better wait until the 3rd Q results released in Nov 17 which may be disaster if the management decide to impair the value of the rigs.

Posted by Andrew62 > 2017-10-08 23:43 | Report Abuse

If you have the money subscribe b4 4pm tmrw.The quick returns are in the warrants.Prices of mother lot will stay stagnant for awhile.

Posted by Maksim Yaroslav > 2017-10-09 01:31 | Report Abuse

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Posted by offshore > 2017-10-09 10:10 | Report Abuse

Would the warrant command any value if price remains below 0.395? Impairment will only be evaluated in Q4. This company doesn't impair on quarterly basis. But the Q3 result will tell whether this company can make money with all their rigs contracted.

Posted by Andrew62 > 2017-10-09 10:53 | Report Abuse

Gearing can be high vs Mother Lot on future earnings eg. Reach and Reach-wa.
At EGM they mentioned this.

Posted by emzekwhy > 2017-10-09 13:45 | Report Abuse

when is the deadine for payment of rights issue

Posted by Andrew62 > 2017-10-09 14:30 | Report Abuse

Today 4pm.Go 4 it becos you will make 10 percent of investment in RI in warrant.

Posted by wallace78 > 2017-10-09 14:41 | Report Abuse

Not tmr befor 5pm? As stated in the letter?

Posted by Andrew62 > 2017-10-09 16:17 | Report Abuse

wallace 78 10th Oct
u r right.Go 4 it.If you do not have a discount minimum 10 percent I will change my UMW slogan.

Posted by Ken > 2017-10-09 16:29 | Report Abuse

I don't have any OR otherwise I will go & subscribe.if PNB put their money in FD with 4% interest instead of subscribe into rcps-i.Every year they will earn 4.85bilx0.30x4%=58mil.I don't think they want to lost 58mil every year.Every drop of share 0.01,they will additional lost 4.85bil x 0.01=48mil

Posted by offshore > 2017-10-09 16:43 | Report Abuse

Whether impairment will be reversed or not depend on whether they can be profitable when all the rigs are contracted out, which is happening in Q3. For me, I will just refer to the open market value of a new rig. The last I check, ship yard was offering around USD155m for a new rig. Most of their rigs were purchased at a cost between USD180m to USD240m during the good times.

Posted by leek > 2017-10-10 10:34 | Report Abuse

UMWOG is the next Sapura Energy Bhd.... Sapu... =D

Posted by TrippleZ > 2017-10-10 10:47 | Report Abuse

Lol

Posted by smartly > 2017-10-10 10:50 | Report Abuse

leek, you got sapu ?

Posted by sniperstock > 2017-10-10 10:50 | Report Abuse

useless stock, making loss company.

Posted by offshore > 2017-10-10 12:35 | Report Abuse

GLCs can never be compared to entrepreneur driven companies like Senergy or Armada. The management team in a GLC will work for their own self first because they don't own the company. If the company loss money, worst thing is no bonus. None of them will ever be retrenched.

Posted by leek > 2017-10-10 13:56 | Report Abuse

Yes Smartly.... sailang into MRCB & UMWOG... expecting min 100% return within next 6 months...

Posted by sniperstock > 2017-10-10 16:47 | Report Abuse

never rise for this stock..though crude price is
up

Posted by rijack88 > 2017-10-10 16:53 | Report Abuse

tml sure up! buy buy buy!

Posted by Ken > 2017-10-10 17:09 | Report Abuse

Today is the last day for payment to subscribe.They don't want us to subscribe, that's why the price maintain there.After today is the show time

Posted by araj87 > 2017-10-10 21:13 | Report Abuse

naga2, 4 contract probably next month finish. naga4 due for 5 yearly. naga3, 6 & 8 next year march/april finish contract.

Posted by leek > 2017-10-11 06:49 | Report Abuse

UMWOG is transforming to be next Sapura Energy Bhd..... HUGE EXPLOSIVE POTENTIAL... projects will flow in from Petronas.... same strategy to help local oil and gas player to compete with global companies but it works all the time because it is GLC linked!

Posted by leek > 2017-10-11 07:25 | Report Abuse

EPF has been selling heavily on Sapura Energy.... looking forward big show time at UMWOG!!!

Posted by leek > 2017-10-11 07:28 | Report Abuse

ASB got 10b extra funds to release to the market investment...

Posted by eazye92 > 2017-10-11 08:09 | Report Abuse

crude oil wti has risen up to 3% since yesterday, hopefully it will have profound impact on today oil counter..

Posted by leek > 2017-10-11 09:48 | Report Abuse

=D

Posted by hng33 > 2017-10-11 10:03 | Report Abuse

sold back all UMWOG at 30.5sen, locked all profit first, free up all capital

Posted by leek > 2017-10-11 10:17 | Report Abuse

Share price will be pushed to 0.33 to 0.36 before the listing of rights shares to absorb any selling pressure...

Posted by araj87 > 2017-10-11 11:17 | Report Abuse

correction: naga 6 may finish contract this year end.

Posted by st999fc > 2017-10-11 11:30 | Report Abuse

This stock is so cheap.. really hope can go sky rocket..

Posted by sniperstock > 2017-10-11 11:44 | Report Abuse

Rohaizad said UMW-OG would be in a positive cash-flow position upon the completion of the company’s RM1.8bil rights issue by the middle of October 2017.
Read more at http://www.thestar.com.my/business/business-news/2017/05/16/umwog-rigs-to-be-fully-utilised-by-july/#Gz4qp8uZT400MIMp.99

Posted by sniperstock > 2017-10-11 11:45 | Report Abuse

UMW-OG’s earnings are expected to improve this year, compared with its performance last year, supported by the two new contracts from Petronas Carigali.
Read more at http://www.thestar.com.my/business/business-news/2017/05/16/umwog-rigs-to-be-fully-utilised-by-july/#Gz4qp8uZT400MIMp.99

Posted by cutie > 2017-10-11 12:05 | Report Abuse

oil price now above 51...hold on...rally expected to come anytime soon

Posted by cutie > 2017-10-11 12:07 | Report Abuse

oil counters coming back now..

Posted by sniperstock > 2017-10-11 12:43 | Report Abuse

Despite these sombre assessments of the company, main shareholders remained committed to the company more so after its major and biggest shareholder Permodalan Nasional Bhd’s (PNB) says it will absorb their portion and the excess rights issuance that the other shareholders did not want to subscribe to.

Since then the Employees Provident Fund (EPF) had increased their stakes in the company even post the capital distribution.

The EPF had increased their stakes to 9.545% from 9.167% after the capital distribution was effected.

While the Retirement Fund Inc (KWAP) had also seen their stakes increased to 6.698% after the capital distribution was taken into account.

Given these circumstances and after the reiteration of PNB’s commitment to the company, it is quite likely that the worst is over for UMWOG. After all, a strong shareholder is what is most important to a company during volatile times such as this


Read more at http://www.thestar.com.my/business/business-news/2017/08/26/is-the-worst-really-over-for-umw-oil-gas/#gsGMO6tG3AGXFBtG.99