people who think umwog shares are directly related with oil price clearly has no idea of the drilling industry..
umwog is mainly a rig contractor.. to make it easier for you all to understand.. they are like taxi providers.. you can have all the taxi in the world, but nobody wants to ride in your taxi = no profit. even if everyone ride your taxi, but pay you dirt cheap rates = no profit.
even now with all 7 rigs working.. management still need to cut salary. clearly shows something wrong. and to make things worse, in about 3-5 months you can expect half the fleet to be stacked again
Even at their most profitable times, take a look at how much dividend they pay out and imagine what they would pay at times like this. This is a growing company. They can't pay too much dividend even if they are profitable. And unfortunately, before they managed to grow up, they fell into deep hole. This company never have ESOS but I believe many employees are stuck with the IPO at RM2.80.
Well where the stock price is reflects the management!! 7 to 8 bn shares. May be 0.0005c dividend.. Can.Buy but uncertain where the stock price is going.....heaven or holland...keh keh keh. Tut tut ( this tut tut, borrow from a paktua 73. Tut tit tut..haha
Eh. Emkoy TeWG, what the article say. I bukan orang cina lar. Is it a good article about umwog or some other stock. Some of us are Indians, foreigners and bumis. Please share in English summary. Thank you.
Brent strong rebound Malaysia and the four countries into the biggest winner
10/11/2017
International oil prices rebounded strongly, with Brent oil at $ 44 a barrel. Five oil-producing countries became "winners." The five countries were Colombia, Malaysia, Nigeria, Russia and Saudi Arabia.
Japan's Nomura Securities said in a research note released today that it evaluates the impact of a rebound in oil prices on the economy of the countries concerned based on the policies, data and economic fundamentals of various countries. Nomura Securities predicts that international oil prices will further rise in 2018 and the economies of these five countries will become the biggest winners.
Brazil and Venezuela are also winners. However, none of the above five countries is so clear that the impact of the Czech Republic, Hong Kong, Hungary, Israel, South Korea, Mexico, Poland, Romania and Singapore is neutral.
Nomura Securities pointed out that Argentina, Chile, China, Egypt, Indonesia, Peru, South Africa and Thailand will be losers.
Big losers are India, the Philippines and Turkey.
The securities said that after Brent oil hit 44 U.S. dollars a barrel in June this year, it has risen to 63 U.S. dollars, down from 115 U.S. dollars in April 2014 to 45 U.S. dollars in 2015, In terms of cloth oil rebounded 43%. The company is located in:
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pang72
50,932 posts
Posted by pang72 > 2017-11-08 23:05 | Report Abuse
lucky that Mohd buy called then i sold all............
heng ar......