JAG: Proposes private placement to raise RM14.4m for its property project. JAG has proposed a private placement to raise up to RM14.4m to fund its property development project in Klang. JAG said the private placement entails an issuance of up to 192.2m new shares, representing up to about 10% of its enlarged issued and paid-up share capital. Based on the indicative issue price of 7.50 sen per placement share, which would raise gross proceeds up to RM14.4m, Jag said RM13.6m will be used to fund the property development and RM450,000 will be used for working capital, while RM400,000 for the placement expenses. (The Edge)

PP should be done b4 three(3) months of 1st announcement.Is anyone monitoring?

Hold management will make announcement of PP.They cannot delay anymore.

It has given a breakout at 0.300, will run tomorrow.

BUY HSSEB ABOVE 0.850 TGT 0.890 0.915 SL 0.815
At ur own risk.Disclaimer applies as recommendation given for study pupose only.

*STRICTLY BUY ONLY AT 0.855*

Thanks for the update kk7198.Looks like we have to wait one more month and also for PP.

Yes got approval from Bursa today on PP.Now you can see share price will fly.

I also hope maybe 0.3

I agree with Applesed. The CEO must be investigated by SEC for lying to Investors. H is no better than the previous.

Business,Religion and Politics will not mix with PH.

https://www.youtube.com/watch?v=jre52rx1OjI&feature=youtu.be


This is in UK.

https://drive.google.com/open?id=1wznMcXjYE1tJ0RInU_43cq5_IvLyEP9R
2 Ps one Pariah and a Pirate.

Nothing like a pariah: Tony F.

Tony u have problem with your company please do not SELL the Indians u pariah.

MAHB sues AirAsia X over RM35m in unpaid dues
Ahmad Naqib Idris
/
theedgemarkets.com

April 30, 2018 18:29 pm +08
-A+A
KUALA LUMPUR (April 30): Malaysia Airports Holdings Bhd (MAHB) is taking legal action against AirAsia X Bhd (AAX), claiming the airline owes it RM34.88 million in outstanding airport charges, rent and late payment charges.

In a filing with Bursa Malaysia today, MAHB said its wholly-owned subsidiary Malaysia Airports (Sepang) Sdn Bhd has on April 27 filed a writ of summons and statement of claim at the Shah Alam High Court on AAX.

Despite numerous demands, the airport operator said AAX has refused and/or failed to pay the outstanding amount.

"The board is of the opinion that it is necessary for Malaysia Airports (Sepang) to pursue the civil suit to best protect its interest," said MAHB.

"The civil suit is not expected to have any material impact on the financial and operational position of the company. Any further updates in respect of any material development will be made from time to time," it added.

MAHB shares closed unchanged at RM9.01 today, giving it a market capitalisation of RM14.95 billion. AAX shares, meanwhile, rose 0.5 sen or 1.32% to close at 38.5 sen for a market value of RM1.6 billion.

http://www.theedgemarkets.com/article/mahb-sues-airasia-x-over-rm35m-unpaid-dues

Do you trust an Indian pariah who trust a pirate?

Najib is a Caretaker...

https://drive.google.com/open?id=1wznMcXjYE1tJ0RInU_43cq5_IvLyEP9R

Now we have one Pariah with a Pirate.Two PPs is Dangerous
ha ha ha

https://drive.google.com/open?id=1wznMcXjYE1tJ0RInU_43cq5_IvLyEP9R

Many plenty good people traveling AA and one pirate. But this pariah sold his SOUL.

https://drive.google.com/open?id=1tOMXXbqay2Pu6TPpIqX_Xd626kcV8rJ9

This pariah has sold Malaysians to his Korean wife.

No catalyst foreign funds and retailers investors have sideline b4 GE14.Entry below 0.7.

The Board of Directors of UMW-OG wishes to inform that there is a typographical error in the Proxy Form attached to the Annual Report 2017 (only in the Abridge version):



At page 1 of the Proxy Form

The word “… Monday, 15 May 2017 …” should be read as “… Tuesday, 15 May 2018 …”

AGM coming only going to talk Directors fees and renumeration.

The artificially bring the price down so the speculators are driven out and reward the long term investors.
Project TP in May or June

Good and bad.Good share price stable and go up.
Bad funds not used for biz.

thiagarajan81 JAG Directors are of zero intelligenge like those running this country now.

Volume picked up yesterday.Potential uptrend in coming days.BUY on weakness.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5710613

Let's hope the market reacts positively today to their Qtr. Rpt.

When you have made 50 percent remember my name...

When the directors start Exercising their warrants it is a signal of price movement upwards so they have additional shares to sell higher than 0.15.Some positive announcement to round the corner.

Jualan murah @ 0.09...tmrw will fly high...pick up today.

Additional Listing Announcement

1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Exercise of Warrants
Details of corporate proposal : Exercise of Warrants B (2017/2020)
No. of shares issued under this corporate proposal : 6,839
Issue price per share ($$) : 0.1500
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 1,377,937,407
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 139,653,082.650
Listing Date : 28/02/2018

I saw this happen in UMWOG-WA.

News of NK-3 is the final publicity they need and is making major news.I suspect they will go for the warrants which is cheaper.

EngineeringProfit is right retailers are replaced by Operators.They will goreng the share for the next three months

This is one Chinaman company which is useless.

Pump in and block for what???

Chinaman do we kacau your CNY. Greedy for what???

This is out Christmas present from Tan Sri.

Bullish Reversal Pattern formation last Friday from weekly chart. If test 0.925 again tomorrow it will GAP up to 1.07-1.1 after Christmas. Stochastic crossing in next two days hopefully.

Buy MIECO now 6% Intraday. EGM @ 10am today, when announcement will be made.

Entry:0.925 Profit:1.07-1.11 (16%-19%) Stop Loss:0.855

The MA(20) crossed the MA(200) this am session. A buy signal as it indicates the trend is shifting up.This is known as a "golden cross."a buy signal as it indicates the trend is shifting up.This is known as a "golden cross."
Superbull11 is correct on Macd Histogram and stochastic crossing over by tomorrow or next week.

https://www.thestar.com.my/business/business-news/2017/12/05/petronas-lays-bare-the-numbers/

https://www.malaysiakini.com/news/404346

This may be the reason the whole KLSE will get "castrated" before GE14.

Very profound research of this counter and advise much appreciated.Thank you.

Read the recommendation from Affin Hwang Capital:

We are upgrading UMWOG to a BUY with an unchanged DCF-derived TP of RM0.35. This is the first quarter that the group has reported a profit since 4Q15. However, it is unclear at this juncture if the current quarter performance can be sustained as EBITDA margin came in at 55%, which is higher than the margins during the good old days of 40%. We make no changes to our earnings pending Monday afternoon’s analyst briefing.

First Positive Sign Since 4Q15
UMWOG’s 3Q17 earnings saw a turnaround after significant losses over the past two years. Headline net profit came in at RM3.4m (+107% qoq, +103% yoy), a sharp improvement over the previous quarter’s losses. Nevertheless, 9M17 earnings remained in the red at RM147m, which accounted for 81% of our and 68% of consensus forecasts. 9M17 revenue surged 48% yoy to RM394.7m driven by a higher rig utilisation rate of 61% vs. 22% in 9M16.

Stronger QoQ
3Q17 recorded a headline profit of RM3.4m. After stripping off the one-offs, core net profit stood at RM5.8m (+112% qoq, +104% yoy) driven by the revenue growth of 48% qoq as average utilisation rate recovered to 90% vs. 68% in 2Q17. This also led to the jump in EBITDA margin from 31% to 55%. We believe that the RM7.6m ‘other operating income’ in this quarter is non-reccurent and may have provided the exceptional boost in margin and earnings.

Upgrade to BUY
We upgrade the stock to a BUY with an unchanged DCF-derived TP of RM0.35. Key downside risks to our BUY call would be lower-than-expected utilisation rate and daily charter rate.


My comment:
Grammatical and spelling mistakes let alone forecast. Must be written by local grad. Anyway follow recommendation and will make it BIG since SUGAR daddy (PNB), will buy RI again.

Good question. The Market Sentiments is negative and possibility of KLCI will test 1700 by end of this week. But a Company with huge investment from PNB only to shout about for it's financial result turn around, is on a uptrend. Does that make any sense?
Go in when price < 0.3 cents is a wise investment decision.

Imagine a POKER table with PNB, EPF & KWSP holding the other hands. No foreigner investor interested to invest and refinancing of loan with retailer's hard earned money. No expansion plan of buying new rigs with money derived from RI for future plan. This is gambling away your money not investment. Think wisely please.

Market sentiments fragile.UMWOG is in a vulnerable position.

Words of wisdom I borrowed from the Gurus of TA:
"Trend is your friend".KLCI is on a down trend.