. drop back, but in line (http://klse.i3investor.com/blogs/kltrader/102814.jsp)... can see many do downward collection while contra players selling down!! but for longer term, please. many believes in Top 5 shareholders of UMWOG! contract play in oil counters, not advisable! Good Luck!
Daily Oil price is only important for retailer because that create prospect. Generally, no one in O & G spending extra money at least this & next year. Unfortunately that's also what UMWOG needs as an upstream focus company. So ... good news or bad news, don expect too much. Don ever follow EPF & PNB activity ... if you haven't being tricked enough (to buy)!
Optimus..Maybank recommend buy with TP RM1.16. Genuine morons analyst working there!!!LOL. Strange counter. Both TA & Maybank analyse same thing but give totally extreme opposite recommendation
Brent & crude oil is surging up after a massive short yesterday.Iran agreed to be part of the deal pact with OPEC member to freeze production.bull is coming with long leaving bearish behind.watch out today
normally it wont impact much at this stages. but for sure in a month we can see the movement pending positive result by end of next month. Profit guarantee
opec and non opec meeting seems confirmed! But if they want higher oil price then must cut production! Freeze doesn't help much! Thinking possible for the cut and how much they wiling cut..
UMWOG is also sitting comfortably on a cash pile of RM909.19mil in proceeds from its initial public offering (IPO) in 2013, which cushions its against further cash flow pressure.
Let's be honest, anyone recently bought umwog shares after the bad quarter result was released (ie 23rd of aug onwards)? Mind to share your opinion on why buying after the bad quarter result? Just curious about it. Tqvm.
The bad qr due to low oil pruce. Looking at current trend its the bull run for oil. Buy when still low so can maximum the profit. Dont always be in negative perception and also balance with positive mind set
Ok today those still hold can sell or buy to average down if any to minimise loses or may be can do some profit. Advisable to hold mother shares for at least period of 1 year. Profit Guarantee based on oil prices trend
Jolin, yes agree any good co also got debts, but shouldn't debts be accompanied by good assets that generate cash in flows to at least service the interest,never mind principal repayment? Based on TA Securities report, Naga 2,3 and 5 are idle and most likely, Naga 4 & 7 are also idle. Hopefully these assets can get some contract awards in the near future (whether real or rumoured) and achieve your TP RM5.00
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....
leelc99
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