AmInvestment analyst Alex Goh said the counter was downgraded as its share price had rebounded above the research house's target price of 30 sen per share, based on a 40% discount to its diluted book value of 50 sen per share.
Paid analyst to write good things ...when they had accumulated enough n had a good kill, they will start the downgraded report in order to buy back cheap...can we trust them?
Thanks ozzie75 for the time being let me forget about this stock I do not want to take the risk.It looks like a lot of force selling may come.The author had given his reasons to downgrade.I am not very happy for simple reason at one time UMWOG had no contract now got contract still downgrade why did not write earlier and only now.? We already got hurt too late to escape.
Agree with you pradeep we must trust the author, although he still very far from financial freedom but believe that he still can earn his living by writing
Research houses mostly with vested interests and don't trust this hantu blood suckers. Do your own research and be a smart investor and don't follow orders from those con research houses
bankers selling 35sen.......ramai la ikan bilis ikut jual jugak.......then bankers member sapu whole 35sen.....ikan bilis nganga saja ........kikikikikih
that's the story ikan bilis asyik kena tipu saja.......kikikikikikih......but the great thing is ....ikan bilis never bother asyik kena tipu.....always jump into same hole.......kikikikikih
now ikan bilis berebut beli 36 sen......kikikikih......always like mahal punya price....bcos can claim high class.....barang murah mana ada class......kikikikikih
thats why i said not to cut loss if not from paper loss to real profit loss. jz let it be there. slowly one day nobody knows it wil be back rm2-3. 1000% gain
With all the good reports out , like undervalued counter , contract fir another 2yrs intact , bullish Haram indicator , possibly will test higher n higher ...where previously6 none .
Sometimes, I wonder whether the PNB Fund Mgrs have it all figured out?.... from Jan 8-11 they sold off 180M shrs at 46 sen to gain some 10 sen (46-36 sen) or RM 20M from the sale...from this they trigger a big sell-off to 36 sen and if they are holding 3.19B shrs, PNB would have reduced their capitalisation in UMWOG by RM 319M (3.19B shr x 10sen).... ... it's just like the slow cat biting its tail...
In a note today, AmInvestment analyst Alex Goh said the counter was downgraded as its share price had rebounded above the research house's target price of 30 sen per share, based on a 40% discount to its diluted book value of 50 sen per share.
This is how analyst play their dirty games. They will downgrade for retailers to sell and they will buy and later push the price up and sell to retailers
@Chang Wt, after reading your sharing “ why we did not cut loss and instead accumulated more”, I have decided to hold on to my UMWOG and did not cut loss yesterday. Thanks for sharing ! Sometimes we really lost directions especially when there are a lot of negative comments.
Can we trust TA securities ? How many of their analysts reports were proven accurate compared with the others analysts . Practically all their reports were way out in the eyes of investors. Now there are many analysts said the stock is undervalued , much higher than 30c but instead more than double ? The co had secured more contracts given that the price of crude has risen to usd70 . More contracts means more work for the company n co machineries are utilized fully. Chart indicator also shown fully harami chart progressing to greater height instead of the reverse. Now truely we should refer to TA or others who has proven more reliable ? We shall see come Monday fir the reality ....
TA, Am, AF, Cimb or apanama ..........they all can tell stories with their own vested interest or agenda to benefit their insiders. What's relevant here is business, contracts, crude oil price, economic environment etc. if Umwog can secure profitable business that's the most relevant issue. Not the crap said by those young chiku analysts who have no business know how. Another important issue is strong shareholders who can support it during lean times or give an edge on contracts. Yes they have every right to dispose some shares but as someone rightly wrote......they lose more as their holdings value dropped substantially due to their actions. No no winner here
Yes, don't trust analysts. Most of them rely on information or projection from the management. Most of the time, what they are getting are half-truths. Their analysis will never be accurate. The best joke they ever came out with was way back in 2014 when the oil price collapsed, they thought this company was so cash-rich that it would go on an acquisition spree for beaten down oil and gas companies.
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....
SHQuah
5,363 posts
Posted by SHQuah > 2018-01-19 14:26 | Report Abuse
https://www.theedgemarkets.com/article/umwog-down-49-following-research-house-downgrade
AmInvestment analyst Alex Goh said the counter was downgraded as its share price had rebounded above the research house's target price of 30 sen per share, based on a 40% discount to its diluted book value of 50 sen per share.