i told u, ajib came to BSKL last week, this is the impact,,he try cover his 1MDB case to investor, now see what happend nobody intrested in our market now,,,sewee betul that guy,,,
Short term investing is like gamble. If u treat your stock like gambling then the result will be like gambling. Treat it like business and investment then it will be like that. I personally bought because i believe in it potential future. Future mean not tommorow and not next week. Not even next months but months to come or years to come. Just to sharei i has been collecting it from 43 sen and still till now.
Well, if you strongly believe in this company, this is your chance to enter or top up. I m sure you have that "i should have bought or bought more" feeling when it was 48sen. Now this is your chance. Go on, never doubt yourselves if you have done enough research.
Joshua. Price of oil do not directly related yo oil service company like umw. It need 2-key factor to move its engine. Oil price and profitable contracts. Oil price will 1st effected first level oil producers then only the contractors if producer start spending. Then even after certain company start getting job it will take quarter by quarter to translate it into financial positive which then only traders, investor like us get the infos. If we know earlier thats call insider trading and we may ended in jail. Lol.
Buy or sell based on your future expectation of company and not prediction of price. I will share why i accumulate this counter. 1. I make handsome amount of profit when it listed in 2014 by taking it placement block. 2. Movement of oil price give better overall position to all supply chain level in oil and gas industries 3. UMW is the local only player in jack up rig which are heart of oil drilling. By having monopoly position on this when production start getting hot it will be seriously benefit from it. 4. Management of company not run by yo-yo businessman but by handful experience mangement. 5. UMW won umbrella contract for 3 years. Umbrella doesnt meant instant contract but if project coming umbrella contractor will the first benefits. 6. ATH of company is very well in 4.50 range. With current price it was under 10 percent of former value so as capital investor this high upside potential is what i m looking for. We thats my opinion based on my research. Everybody has their own opinion.
Yes, you are entitled to your opinion but i wish to correct you that there is nothing special about that umbrella contract because it is a callout contract without any minimum well or minimum work days committed by petronas and it is for workover activities which is of low value to the group. Umwog is also not the only local player. There are also perisai and tioman drilling (under Sapura energy) that own jack-ups. Lastly, about the management, please read the profile of their management team. Did you see anyone with offshore drilling experience? Not talking about oil and gas in general.
princeofthi3ves Buy or sell based on your future expectation of company and not prediction of price. I will share why i accumulate this counter. 1. I make handsome amount of profit when it listed in 2014 by taking it placement block. 2. Movement of oil price give better overall position to all supply chain level in oil and gas industries 3. UMW is the local only player in jack up rig which are heart of oil drilling. By having monopoly position on this when production start getting hot it will be seriously benefit from it. 4. Management of company not run by yo-yo businessman but by handful experience mangement. 5. UMW won umbrella contract for 3 years. Umbrella doesnt meant instant contract but if project coming umbrella contractor will the first benefits. 6. ATH of company is very well in 4.50 range. With current price it was under 10 percent of former value so as capital investor this high upside potential is what i m looking for. We thats my opinion based on my research. Everybody has their own opinion.
Well. Time will tell. We just decide what we thing the best and see results. I will still collecting. My target is 1m shares. I just on my 40 percent target. Perisai and sapura have diff type of jack. My main business also oil and gas and all these players are my client too and sometimes competitors.
From 28 to 48 with all the bad stories run-down by many sour grape forumers. Now 33, wait till u see 51 but in between more run downs to happen by those sour grapes again
Perisai rig is same as Umwog, good thing is they only own one. Tioman's rig are jack up but they are much older.
princeofthi3ves Well. Time will tell. We just decide what we thing the best and see results. I will still collecting. My target is 1m shares. I just on my 40 percent target. Perisai and sapura have diff type of jack. My main business also oil and gas and all these players are my client too and sometimes competitors.
These HWUs are not very high value. As I said earlier, the value of all the 5 Gaits combined are not even equivalent to 1 Naga. Impairment or not is really nothing to the group. Some of the HWUs are purchased many years ago and probably fully depreciated by now. Nothing more to impair anyway. Hope they sell them and focus on offshore drilling.
i3lurker @offshore
I understand that you are very aware that without the umbrella contract ALL the relevant assets need to be "written off or otherwise fully provided as non-working assets" under accounting standards. This will mean another QR of losses. With this umbrella contract no provision need to be made so no more losses.
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....
Dickson FUng Ho Yin
29 posts
Posted by Dickson FUng Ho Yin > 2018-01-30 17:17 | Report Abuse
Waiting for 0.60 la! I want release all!