Not easy to penetrate a market so far away from Malaysia. No oil company will pay for the cost to mobilise the rig from Malaysia to Gulf of Mexico. I also doubt Umwog will "invest" in that mobilization cost.
PN B n YPB are the major shareholders , they sold n bought along the way , usually selling into oversold n bought it back much cheaper by transferring losses to the bilis . If they have conscience , they can easily sell to the third party in volume without selling direct in open market . But they r doing this to cause more miseries to the ikan bilis.
Yeah, sometimes I wonder why PNB doesn't take this umwog private and relist it at a higher price since it is soooo undervalued now as pointed by someone. Why all the trouble having to ensure their shareholding doesn't exceed 65%? Why do a RI exercise to raise cash just to reduce the borrowing? Why not raise more cash and payoff all their borrowings? I am sure PNB can pay off their loan.
my remisier is promoting umwog. He said bankers are upgrading and buying. When they stop buying, public will receive ton of promotion. Observe daily volume__very high but price cannot move___buying skill of Bankers
The reasons why PNB sell and convert the RPS were already discussed. Please refer past comments.
Q4 result "should" be better with interest savings. I m interested to know how much interest the RI can save. Please also remember that there is a one-time cost for that RI exercise and it's quite a lot.
I won’t say it’s good stock , but worth to buy due to risk is low and reward is higher .. next qr just need a green qr , enough to bring the sentiment to push the price up ..
Well, if you think this share can go up to 4.40 again, what is 30 sen risk to you. Go on, this is your chance to go in or buy more if you think you missed the boat previously.
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....
ratz
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Posted by ratz > 2018-02-02 10:23 | Report Abuse
https://www.theedgemarkets.com/article/petronas-sweeps-six-19-blocks-awarded-mexico-oil-auction