0.39 drying up quick.Jualan murah...

Does anyone know what is going on with this counter?

This is normal profit taking before weekend.Monday will run up.Don't worry have a nice weekend.

Downtrend formed..

Damn I also dold 1.74 because there was Selling preassure.Then suddenly turned around.

Selling preassure is ON.Why show over so early?

All market high after Donald Trump's speech.This will continue higher tmrw.

mid-term SKPETRO is a good counter to consider.TP RM2.00-RM2.10 one week.

Anyway thank you made 6% profit Intraday yesterday.

It hit Profit 1-0.69 and Profit 2-0.70 in yesterday's breakout.
Your comment on Wed was confirmed with TA.
Now it is anyone's guess if the operator will continue with this counter or move on to another.

Reached my target.Best of luck in this counter.Have a nice day.

Breakout resistance today @0.65.This counter will reach 0.69 or 6.15% profit tmrw.

KUALA LUMPUR (Feb 18): The Edge weekly in its latest edition said that it has not been an easy 16 months for Badrul Feisal Abdul Rahim since he took over as UMW Holdings Bhd’s president and group CEO on Oct 1, 2015.

In its cover story, the Edge’s Khairie Hisyam Aliman and Adam Aziz wrote that just months into his tenure, Badrul had the dubious honour of presenting the group’s worst full-year financial results since 1998.

For the financial year ended Dec 31, 2015 (FY2015), UMW posted a net loss of RM37.2 million on revenue of RM14.44 billion as lower income from its automotive division was exacerbated by widening losses in its oil and gas (O

UMWOG will test 0.76-0.77 in end Feb b4 it will nose dive to 0.65-0.70 in Mar-April.

yeap getting there.

Dnex shares capitalised on the confusion???

Everyday high volume but no price movement.

Tmrw will see a retest at 1.2 if not downhill.Shooting Star sighted today.

Fundamentals are intact.

Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcement dated 19 January 2017 in relation to, inter-alia, the proposed acquisition of 37,087,725 ordinary shares in Orkim, representing approximately 95.5% equity interest in Orkim, for a cash consideration of RM472,725,000 (“Announcement”).)

On 19 January 2017, Maybank IB had, on behalf of the Company, announced that as soon as practicable following the signing of the Orkim SPA, UMW-OG shall issue offer to purchase all of the Orkim Shares held by Wan Izani bin Wan Mahmood (“WIWM”) and Khoo Chin Yew (“KCY”) (collectively referred to as “Minority Shareholders”) upon the same terms and conditions set out in the Orkim SPA.

On behalf of the Company, Maybank IB wishes to announce that following the offer by UMW-OG via letters dated 3 February 2017 to each of the Minority Shareholders (“Offer Letters”) (in the manner described in the Orkim Shareholders’ Agreement), the Minority Shareholders have on 13 February 2017 accepted the offer by UMW-OG via the Offer Letters by entering into the following respective agreements with UMW-OG:

(i) conditional share purchase agreement for the purchase of 970,883 Orkim Shares held by WIWM, representing 2.5% equity interest in Orkim, upon the same terms and conditions set out in the Orkim SPA for a cash consideration of RM12,375,000; and

(ii) conditional share purchase agreement for the purchase of 776,706 Orkim Shares held by KCY, representing 2.0% equity interest in Orkim, upon the same terms and conditions set out in the Orkim SPA for a cash consideration of RM9,900,000,

(to be collectively referred to as “Minority SPAs”)

The Minority SPAs are conditional upon the Orkim SPA becoming unconditional. The completion of the Proposed Residual Orkim Acquisition shall take place simultaneously with the completion of the Orkim SPA.

The Proposed Residual Orkim Acquisition will not have any effect on the share capital and shareholding of the substantial shareholders of UMW-OG, and it is also not expected to have any material effect on the EPS, NA per UMW-OG Share and gearing of the UMW-OG Group for the financial year ending 31 December 2017.

None of the Directors, major shareholders of UMW-OG and/or persons connected to them have any interest, direct or indirect, in the Proposed Residual Orkim Acquisition.



This Announcement is dated 13 February 2017.

tp 10.0??? drinking too much sake.

Haha true about TA.Heavy vol movement @1.07 this am session.

Golden cross in 1-2days.20d MA crossing 200dMA.

Retailers only selling.Selling volume low.

This share performance has broken resistance breakout.Does anyone know what is going on?

["http:\/\/theedgemarkets.com\/my\/article\/umw-mega-deal-good-and-bad?type=corporate"]

["http:\/\/theedgemarkets.com\/my\/article\/umw-og-eyes-global-expansion-post-merger?type=corporate"]

The merger between UMW Oil and Gas Corp Bhd (UMW-OG), Icon Offshore Bhd and Orkim Sdn Bhd is an example. Based on their track record and past orderbooks, all three companies are seen as among the frontrunners in their respective segments for contracts given out by Petroliam Nasional Bhd.

Star business-28/01/2017

CIMB analyst is wrong.The consolidation will make them only stronger with the synergy effect.
PETRONAS will only deal with them as a one stop comglomorate.Hopefully no other competitors.

once it starts shooting up it will be too late.

mid term above 80 cents more realistic.Have to average out now.

hope la

The counter was suspended on Thurday.The next day downfall till today.

Thank you Martin for your clear explaination.I am using Chartnexus proprietary s/ware.Same values as you mentioned for interchart.com.

Golden cross(20MA crosses the 200MA)...Bullish signal.
It was formed EOD data today.

Martin my chart shows crossed today.Pls confirm?

Any chance of retracing today?

b4 kukubird88.

Tks 4 your input and your sharing.

Be cautious...

two wrongs can it be right

Market trend is up trend.

why counter shows suspended b4 Trading open?

At least someone did his homework.

Goodnews very likely.

Oil stocks moving up?

sharks trap

turbo charge go go go

now going up 105 continous buy @0.150

Bought @0.175