With good prospect of O&G industry, some analysts undervalued UMWOG, put target price 0.30 SELL can you believe it? Something fishy here... Better trust your own study and instinct what happening
you guys ok or not? i think you all sick already. last time when price at 0.43 say "somebody collect at0.4", then the price drop to 0.4 "again somebody collct at 0.38". now say somebody collect at 0.35. tomorrow say someone collect at 0.3
Amanah selling now with profit...the share is from dividend UMW distribution and right issue at 30 cents.. is free money . They already sold about 5% from 49% to 44%. They may continue selling towards their previous holdings of 31% (before rights exercise) as long as UMWOG price above 30 cents. They will get back the investment used for subscription and with profit..thats why they keep selling.
Amanah have the opportunity to reduce holding in a risky loss making company with profit...who not selling in this situation.. and for info that we dont know EPF 3% and KWAP 2% after dilution may also been selling...no annoucement needed from them too.
Under current industry condition, don't ever assume that contracts will be profitable. Some contracts are probably intended to allow them to be cash flow positive but not necessarily profitable. Furthermore, workover activities do not contribute a lot to their turnover. As a hint, take note that the value of all their HWUs combined is not even equivalent to one Naga. With such low value asset, the revenue contribution is not significant, assuming that petronas really call them out for work.
Meng Fatt Lee Amanah sell despite got contract from petronas , meaning disposal of shares does not related to its business and operation
@offshore: indeed. More often than not, people just look at the immediate and seemingly good award of contract without considering if it is a profit/loss ahead and to what extent the contract relate to the major contributor to any given company's profit making business. Thanks for sharing.
offshore Under current industry condition, don't ever assume that contracts will be profitable. Some contracts are probably intended to allow them to be cash flow positive but not necessarily profitable. Furthermore, workover activities do not contribute a lot to their turnover. As a hint, take note that the value of all their HWUs combined is not even equivalent to one Naga. With such low value asset, the revenue contribution is not significant, assuming that petronas really call them out for work.
Meng Fatt Lee Amanah sell despite got contract from petronas , meaning disposal of shares does not related to its business and operation 23/01/2018 00:36
Max2838 Blackrock started buy in 4Jan 2018... BlackRock Fund Advisors AS OF 04 JAN 2018 6.57m 0.09% BlackRock Advisors (UK) Ltd. AS OF 04 JAN 2018 5.59m 0.08% 23/01/2018 10:30
Max2838 Blackrock started buy in 4Jan 2018... BlackRock Fund Advisors AS OF 04 JAN 2018 6.57m 0.09% BlackRock Advisors (UK) Ltd. AS OF 04 JAN 2018 5.59m 0.08% 23/01/2018 10:30
No need to worry too much about this stupid Amanah ! I remember few months ago, they throw tons of Hengyuan at price of RM8 - 10 ++ , after that Hengyuan shoot up to 18-19 ! Their fund manager or investment manager shall be sacked as they keep screwing up in their investment decisions ! haha
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....
fl888
7,691 posts
Posted by fl888 > 2018-01-22 18:52 | Report Abuse
why Amanah trustees throwing ? Distribution to cronies,,,,,,,,,