Hope more rich funds will discover this stock and see the value. For it to move higher, it needs more funds to buy just like Dayang.

So many good analysis and research on Jaks. I also join to buy some progressively recently from RM 1.15 till RM 1.30 on value investing principle and keep for 1 year. Hope there will not be negative surprise...

History repeat again and again like Dayang, Petra Energy...first up a lot, pullback, cut loss by retail investors by "fearful news", big boys accumulate at low price, then recover... big boys laugh to the banks

UZMA oversold earlier and is recovering, as i mentioned earlier where 81 sen was good buy. Big funds are still in this stock as you can see the volume of shares traded every day. Further, the fundamental and growth prospects are still good with PE less than 8. Dayang, Petra have increased so much, it is a matter of time to play catch up.

OTB also said FA is still very good. All we need to do is buy and hold for few months at this over sold price. That is value investing.

Thank you OTB for clarification.

History repeat again and again, Warren Buffet's wisdom quote : Be greedy when others are fearful

Thanks to those who keep spreading "fearful thoughts", big boys will laugh all the ways to the bank once again...history repeat.... Smartest investor like OTB also cut loss....

Agreed. 81 sen is a good price to accumulate. Pull back over, cut loss by retailers also over. Dust is settled, time to recover to RM 1. The overpayment is just an excuse to push lower by big funds after they sold at over RM 1, I think now they started to accumulate... EPF also buying...

It will take time to consolidate at current level. I think big boys are accumulating and retail investors are cutting hands and legs if no holding power just like Dayang and Petra Energy at one time where big boys pressed to as low as 60 sen from RM 1.20. The next 1 year prospect is bright for O&G.

Correct vicliew03. I remembered Petra Energy at certain point also almost similar trend like UZMA, when it dropped from RM1.20 to 60 sen few months ago, almost dropping every day, recover a bit then drop more for 1 month till 60 sen. Then from 60 sen slowly moved to RM 1.50 as at today.... That time i was buying slowly from 80 sen till 60 sen and i was so stressed also and money invested a lot. Then i started to sell from 90 sen...

Price is bottomed at 85 sen...

I also bought this share when it was 75 sen, after ex dividend, the price never move and i continue to buy below 70 sen. I merely bought because of attractive div yields and believe price bottomed. And lots of my friends are losing money and on the principle of be greedy when others are fearful. Hope my bet is correct in next 1 year...

Dear Ion8888, maybe you miss out Indonesia plant and its profit potential...

Very poor results, another problem of family run business. Bad investment decision in Singapore(should not do business with Singapore govt as they are too smart and always take advantage), just like our water sales to Singapore.....Another one is YES (should be No Communication Business). They should find way to dispose of these 2 businesses... Investors who bought shares for long run lost a lot of money.... I bought lately at below 70 sen just to get good dividend yield, and betting the price is bottomed at historical low and new business will see grow in profit next year, and see many of my friends lose a lot of money in this counter(be greedy when others are fearful...)

This Rsawit is one of the poorest managed companies within Rimbungan Hijau Group. Most companies within Rimbungan Hijau Group also poorly managed by family members, including Media Chinese International..... Nonetheless, we see some recovering by showing green...

It is like big boys sell high buy low before releasing of results.... very likely results will be good and will go up further

Today recover is a good sign...

Mr Market may have high expectations as such very likely to drop or big boys purposely press down price to collect shares at low price. But after dropping, will recover fast lah due to good prospect. Just like Armada....

Really OTB miss universe stock? He must have made a lot?

Very fantastic results, only have few lots. I wish i could have buy more...

After big boy collect enough, then will go up. Just have to be patient...

Grateful that OTB and KYY willing to share their views in this I3 forum...

Most shares recommended by OTB this year went up a lot....He is becoming very influential...
I bought too little JAKS earlier...

Will continue to buy if drop next week.

Fire sales. Bought few lots RM 2.78. Will rebound as small cap funds will buy. People like us saw value (value investing) will buy also with div yield 6% or more.

Great. Thanks OTB for the good comment

I switched from Dayang to UZMA and start accumulating lately from RM 1 till 92 sen. Now has quite a lot of of UZMA shares.

Agreed with OTB, charts and buying patterns never lie.. Plus, this is a good stock. Like Robert8888 said, think too much, opportunities will pass...

Congats to those who bought... uptrend continue...

@upsidedown119... UZMA only needs to revise the tax and pay additional tax once they win the case of RM 63million. It is up to the court to decide whether it is overpayment of not as the other parties will say no overpayment. LHDN can accept this rationale. As far as UZMA is concerned, they should have invoices concerned and paid accordingly(docs required to support their claim as expenses) and had paid to parties concerned

Today profit taking well absorbed for those who bought at low monday. Queue at 96.5 sen and 97 sen to buy more shares also cannot get. O&G stocks are under rotational play. Today Carimin shoot up. UZMA will also shoot up soon, i believe

Slowing trending up. Learnt that OTB also advised to buy...

The announcement of legal case did not state when over payment was made and whether it will affect current quarter results to be announced end of Nov 2019. As such, there are many uncertainties

profit before tax for last quarter was only 20 million. 63 million overpaid is equal to the profit before tax of 3-quarter results. I think this is disappointment. Investors does not want uncertainties. This RM 63million was booked in as expense. If they win and able to get back say RM 50m, will provide immediate boost to EPS....

Another way of looking at UZMA results, if they not overpaid, then last few quarter results will be fantastic...

Mr OTB's favoured stocks.... good time to accumulate more

Likely they want to shake out short term retail investors or ikan bilis for next increase if no bad news... unless insider got more info then we do,

Anyway, thanks to Uncle KYY for sharing Dayang and Carimin. Even though i sold Dayang earlier, i still made a lot of money from Dayang and Carimin. Uncle is great investor and he is not obligated to tell us when to sell as i will cause share price to drop a lot

Never catch a falling knife is Uncle KYY famous quote. Don't know uncle KYY still holdings firm or he sold some...

Big boy now cashing out some of their shareholdings, then prepare to buy for cheap right shares, i guess

downtrend now. Never catch falling knife....
Likely they will fall to RM 1.50 - RM 1.60 or even lower then fixed right issue price....

Probably due to a lot of conversion of preference shares where priced only 20sen. Will have to wait till preference shares holders cash out... I think 30 sen is very near to bottom.... or could be bottom.

Invest in counter means betting that they will announce new contracts. If they secure new contracts, the share price will fly... That is only hope for investors in this counter.

Now the price is near to 5 year low, shares likely oversold. One bad decision does not kill the company overall fundamental as the company still has very valuable cash generating assets. Minority can only hope no more bad news and i think all bad news are out and poised for recovering. I have been accumulating when dropped below RM 3.10. Luckily i sold all high at 3.80-3.90 earlier.

Price almost bottomed and is due for rebound...oversold.

Genting shares like casino in the past few months. Good chance to accumulate when i dropped to less than RM 3.10... a price close to historical low and easily goreng up with positive news

With this news, i think it is very hard for the related party transaction to get thru as LKT or its related co being interested party, cannot vote. Let's fund managers, minitority shareholders like us to vote against this deal. It is clearly a bail out related party transaction. Obvious LKT failed in duty to act in best interest of company... directors can be taken to court for failing in fiduciary duty

shareholders should vote against the related party transactions. LKT being related party, cannot vote...

Nowadays genting malaysia and genting shares like casino despite being one of the top blue chip stocks...

Ssteel and Ann Joo are good fit...

Look like Privatization or M&A in the making...

From 90 sen to RM 1.40 very good already, already recover more than 50%. Those who have no faith in this stock can sell and take profit. I started to sell at 1.30 till RM 1.46 slowly and still hold small position...This does not mean i have no faith but better to take some profits. To sell or not to sell up you, just like buying. Thank you Uncle KYY for sharing this stock with us and rightly highlighting O&G as recovering sector early this year....