ewint...cheap cheap like kangkung...soon become big player in UK but only selling less than 20c pound

Eco World International partners Willmott Dixon for UK property venture
Adam Aziz
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theedgemarkets.com

November 08, 2017 19:14 pm MYT





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KUALA LUMPUR (Nov 8): Eco World International Bhd (EWI) is partnering renowned UK construction firm Willmott Dixon to jointly develop 12 sites in Greater London and the South East of England.
In a statement today, EWI announced that it has inked a Heads of Agreement (HoA) with Willmott Dixon today to acquire a 70% equity interest in 11 project sites there.
The sites, said EWI, will have a capacity of 6,700 residential units with a potential gross development value (GDV) of at least £2.5 billion (RM13.86 billion) — over 5.54 times the developer’s market capitalisation of RM2.5 billion.
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“There is also a framework agreement in place for the development of a further 1,500 units (on the 12th site) of which the GDV is too early to determine,” said EWI.
Combined, EWI said the agreements could increase EWI’s UK presence fourfold. EWI currently has an ongoing development of 2,500 high-end residential units in Prime Central London under another joint venture with another developer, Ballymore Group.
“After considering numberous proposals offered to us, we are delighted to be partnering a company of the experience and stature of Willmott Dixon in a deal that will potentially expand our presence in the UK to four times its current size,” said EWI executive vice chairman Tan Sri Liew Kee Sin.
Concurrently, EWI said it will also potentially acquire a 70% stake in Be Living Ltd, Willmott Dixon’s development management arm.
“This will provide us with a strong pool of talent and manpower resources to bring our UK business to greater heights going forward,” said EWI president and chief executive officer Datuk Teow Leong Seng.
“Our long-term goal is for EWI to be a truly international developer with strong local presence and customer following in the UK, similar to what the Eco World brand enjoys in Malaysia today,” added Lim. “The proposed partnership with Willmott Dixon will greatly facilitate this.”
Through the deal, EWI expects to gain "substantial" local market share, due to the location of the projects and “the nature and affordable price points of the developments proposed”.
“Most of the projects fall within the price bracket that would entitle potential buyers to benefit from government homeownership initiatives such as the Help to Buy scheme, where the government will provide an equity loan for new build residential properties of up to 40% of the price within Greater London and 20% outside London,” it said.
“The equity loan will be interest free for a duration of 5 years,” it added.
The company said its decision to become a local player — together with the scale of its proposed investment — clearly demonstrates its “strong belief” in the fundamental strength of the UK housing market, as well as the long-term growth potential of the nation’s economy.
While the value of the acquisitions has not been finalised, EWI said the HoA — pending board approval — is expected to be formalised in Dec 2017.
“Funding for the proposed acquisition is expected to come from a combination of the proceeds of EWI’s recent initial public offering and bank borrowings, or other debt instruments, details of which will be disclosed later,” it added.
Shares of EWI closed unchanged at RM1.04, giving it a market capitalisation of RM2.5 billion.

last minor correction b4 surge to break last high of 30c...All stocks behave like that b4 going for big surge

any how talk...just like saying crude oil to hit 10

99% fund manager either stuck UMWOG at high px (at least above IPO 2.80) or already sell off at a big loss. Currently almost all of them has zero holding...When later see financial result U turn...they will jump in like the way they sapu steel counters...push Annjoo to almost from 50c+ also ask u to buy...They will repeat again push UMWOG above RM1 or RM2 also ask u to sapu....History always repeat by itself.

soon many will buy above 50c...tak beli nanti then buy 70c...

Rig Count: Bottom Is Near

Oct. 23, 2017 9:11 AM ET| Includes: BNO, DBO, DNO, DTO, OIL, OILK, OILX, OLEM, OLO, SCO, SZO, UCO, USL, USO
ValueAnalyst
ValueAnalyst
Value, long-term horizon
MARKETPLACETesla Forum

(4,159 followers)
Implications

Despite oil bears' screams that "rig counts no longer matter," they sure do.

Even though the recently invented metric, "rig productivity," has surged in 2015, the more recent data prove that a large chunk of this increase was primarily due to operators focusing on the most productive wells, also known as "high grading." This trend, however, has recently reversed as the number of drilled wells has increased since 4Q16, and operators have had to look beyond the most productive regions in a given shale play. The following graph illustrates this phenomenon for the Permian Region:



Unfortunately for oil bears, oil production is simply the sum of oil produced from new wells and existing wells. The following graph from the EIA's Drilling Productivity Report shows that oil production from existing wells has continued to decline at an accelerating rate:



Bottom Line

With the recent large drops in domestic rig count, combined with lower new-well oil production per rig, as well as accelerating declines from existing wells, I expect U.S. oil production to continue to disappoint throughout 4Q17.

The only bear argument left is that the completion of drilled-but-uncompleted wells will magically accelerate at still depressed oil prices, which is a myth I colorfully busted in Will DUCs Sink Oil Prices?

Gearing drop from 1.40+ to just 0.40...60m interest savings...after paid 1.5b debt with right issue...on d road of recovery...see latest Q already see revenue jump from 50m to 149m...

Theta Edge says pursuing projects, mulls private placement, board changes as reasons for UMA http://www.theedgemarkets.com/article/theta-edge-says-pursuing-projects-mulls-private-placement-board-changes-reasons-uma

d latest latest restructuring btw ekovest n iwc not very gd for ekovest in near term even though in long term is ok given that now all assets come under ekovest. Bottomline of ekovest affected by IWC since IWC is a loss making co
Chart wise..in 4th wave corr with tp below 80c for ekovest also not surprise

last time lkh said iwc worth 4 now only 1.50..so cheap meh?

Theta is former 2nd Board darling called Lityan. After restructuring price down from 160+ to low of 20c...Just like many former 2nd Board counter, if the company still here to run d show there will be chance for them to make a come back...So many are like that...name a few Mercury (20c to above 2+), Padini (new high dunno how many times), Penta (20c to new high), Gadang (20c to 4+ b4 adj for bns issue), Gkent (20c to new high) and so many more...Those involve in ICT and technology definitely offer a chance making a comeback. Reason is very simple...IT spending now compared with yr 2000 just cant non-comparable. In yr 2000..not many family has any PC but now everyone has little smartphone..not just one but maybe two or more...plus many other electronic item...a lot of money go into ICT...

Theta is govt link involve in ICT...DFTZ could be offered them big opportunity

on wave count currently is 3rd wave with target at least hit above 3.50

TA really showing something big to come...banker chip break 10 yr high in the monthly chart...

analyse from aspect of mkt cap more appropriate instead of looking at no of share alone. at the peak UMWOG mkt cap was 11b then slump to 600m+ at the low of 28-30c. After corporate exercise the no of share surge to 8b with mkt cap of 2.4b+...With crude oil bottom out at 26+ early 2018 then many O&G stock bottom out (including UMWOG) lately, share px of UMWOG surge above 50c is very reasonable given that the gearing was substantially drop from 1.90 to 0.40. If crude oil back to above 100+ then UMWOG expect to hit back to mkt cap of 11b with share px around 1.30-1.40...

One also need to look at Brent oil. WTI a bit laggard compared with Brent. Brent already breakthrough the last high of 59+ when Wti at 55-56..Now we should look at Brent next target at 70+ and Wti at 62+

crude oil 55-56 not a big resistance compared with 52-53. 52-53 was the neckline that take so many months to breakthrough. 55-56 just the high of 1st wave. With crude oil price now confirm in 3rd wave...min target is 72...We will expect for whole of 2018 crude oil prices will be trending up min 72 possible 100+ if 3rd wave is extension wave...You will see crude oil breaking 147+ in 10-20 years time...before electrical car come in big way into the market.

证券今日在报告指出，对这项融资活动还是相当乐观，因合顺油气的净负债从1.4倍降至0.4倍，且这项活动减轻了集团的资金问题，为营运资本管理提供资金，以及显著减少融资成本（根据达证券估计约为5000万令吉）。
该研究机构认为，由于钻机使用率大幅提高，且日均租率保持稳定，同时原油价格稳定可能激励油气巨头恢复钻井服务，合顺油气料转亏为盈。
分析员Abel Goon指出：“最后，由于被定位为唯一的本地自升式钻机服务供应商，我们认为，所有本地钻井合约将授予合顺油气。”

https://klse.i3investor.com/blogs/PublicInvest/136595.jsp

UMWOD current px still where below ASB avg px...

Oil rigs co in US down from 1600+ in 2014 to low of 200+in 2016 then surge to 400+ now...gd indication that crude oil has bottom out after 1 yr...but analyst still thinking crude oil to fall to 10...Ha I belif the analyst must discover they can get oil by digging a hole in front of their house...

crude oil 1st wave up from 26+ to 56..then 3rd wave from 42+ to what level? Min equal to 1st wave lo...42+56-26=72...What happen to 3rd wave extension? Ha..120 also possible...

Oil Rigs co 1st to benefit from rising crude oil prices..a dragon leader...later then target those snake and last the worm

If crude oil now already in young bull stage...don tell me UMWOG cannot be bottom out...

for a bear turn to a bull...u close eye also know min above 200ema...50c+...What happen later 1 yr become young bull like steel stock...RM1+

umwog..not even hit 200ema...still far far undervalue

Senergy mkt cap sold down from 30b to just 7b+ and now only 9b+...another kangkong

umwog..mkt cap sold down from 11b to just 600m even after enlarge mkt cap after right issue only 2.5b...cheap cheap like kangkong

umwog near term 50c

Some talking oil will crash to 10...I nearly fall down from d chair. Simply close their eye and talk s****. What do u think end of the world? Anyone dig a hole in front their house also can get oil? There are fix expenses will definitely cost more than 10. If cant even sell above 10 to cover the fix expenses who want to do the biz? Some more so many oil rigs company close down from the high of 1600+ to just below 200-300 in US....u think all will collapse the end? This is common sense analysis
If u know charting...then u see how long is the correction cycle for crude oil? It is a 10 yrs cycle down from 2007-2016...Now u have to face it...Crude oil will slowly trending up next few yrs to 80-100 b4 big surge to above 147+...No one able to change the nature movement...U just to have ask the creator.
Many O&G stock now selling at super duper cheap kangkong price. Still scare to buy? History will repeat itself they will fall in love again after stock surge 5-7x...just like what happen to steel stock now.

pnb control almost 50% umwog
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5585009

clear 30c to hit 1st tp 50c

umwog after 30c then u c fast or not

biggest turnaround O&G stock for 2018

cheap cheap kangkong no body want really mad

crude new high yest...next tp 55-56...umwog maing convergence in both daily and weekly chart indicating major bottom coming..immediate tp around 50c...

Edaran and Theta both breakout from long term downtrend cycle...after 10 and 20 yrs of correction...

UMWOG not KNM, Scomi group or Perisai...it is fully back-up by govt taiko...PNB, EPF & TBH

after see next qtr result buy above 50c...revenue already jump ahead of bottom line almost hitting 150m...

A company with more than 2b market cap selling at kangkong price..where to find...U have govt taiko to share with u to kaput same time..where to find.

from the TA chart, clearly see UMWOG is lagging behind many other stock...

Demand for higher oil rigs will push up UMWOG...even as is this the 7 Naga RIGS already 100% in use. When crude oil price trend higher the rate for using the rigs will even be higher...

Oil Rigs hit bottom last yr...after 1 yrs plus the no of rigs jump more than 100% due to higher crude oil price.

Peaks and lows for US crude oil rigs
US oil rigs hit a peak of 1,609 in October 2014. Technological advancements, cheaper credit availability, and higher crude oil prices from 2011 to 2014 led to the rise in drilling activity.

In contrast, rigs hit 316 in May 2016, the lowest level since the 1940s. Rigs had fallen due to lower crude oil prices in 2015. However, rigs are up by 420 rigs or 133% since May 2016 due to higher crude oil prices in 2016

UMWOG because involve in corporate exer to clean-up the shit that is the main reason price was lagging..Now it is time to make-up....1st target 50c...

cheap cheap like kankong also takut...5 to 27c also scare till death..some more after corporate exer...got govt taiko to support some more

jangan beli tak beli nanti beli 70c

lasy=t chance to sapu UMWOG....50c coming..US OIL RIGS Bottom...https://seekingalpha.com/article/4115407-rig-count-bottom-near?page=2

https://researchnews.affinhwang.com/Research/DailyReports/20170505/Affin%20Hwang%2020170504%20UMWOG%20CU.pdf

http://www.theedgemarkets.com/article/umwog-proposes-rights-issue hlib give umwog 75c
corp exer give umwog 60m interest savings and reduced gearing from 1.8 to 0.49 and free up cash 541m

http://www.thesundaily.my/news/2017/08/22/umw-og-bags-rm113m-contract-repsol