peluang take over dengan harga murah rm 50 Sen icon n saham umwog ,bisnes Lor,sape Mau beli mahal2,merger Bleh settle hutang umwog Lor,project naga Jalan ,untung lor,
Umwog jerk down to give chance u buy as more u can,greedy n buy in Low price....if u sell u are losers.... High volume today sapu Huat2,merger...big chance give link government mega project,election will come,they want give cronie easy money,time it money,
Why would Petronas want to make UMWOG minority shh happy anytime soon for no apparent reason or when there are no invisible hands twisting them to make cronies benefit internally first or for their own benefit?
PNB's hand get twisted 1st to get the 'bailout' rolling 1st, the UMWOG sharere will slide as pe market dictates/mkt force, then PNB will go into action to prop up the share price (maybe with Petronas help) - but before that all internal/crony groups will load up 1st, price go up, they make money. PNB become the hero again.
The problem with retailer or ppl without the privy info, how can you time correctly to benefit from it? Yes, you can make profit if enter n leave at the correct timing.
So good luck. Hope your investment plan/strategy work and can benefit from it. Lets visit again in weeks and months to come.
. meathere, agreed! every investors has own strategies, be it right or wrong. fundamentally, umwog is there for good/with reasons be it ppl say consolidation, bailout etc matter of timing/strategies to gain/loss in long/short term over the mkt forces. someone will pop up the price, somehow, somewhere, sometime... “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett good luck!!
time and time again people abuse warren buffett's quote without really understanding his approach and the stocks he invest. will buffett buy umwog today if he knows this company? just because price crashed doesn't mean it's a good company to invest in
whenever there is capital call n attempt to reorgainise jv of related companies price fell out of fear n unknown factors. infact these jv appear reasonable; getting pnb epf petronas the main parties and substantial share holders together,and improve overall range n scope of engineering sectors in oil n gas contracts,not forgetting who give the main works in o&g contracts. also oil prices appear to improve after opec decisions..
finally one who can speak like a businessman, & Warren Buffett.
xncziyi44 > Jan 22, 2017 12:45 AM | Report Abuse
whenever there is capital call n attempt to reorgainise jv of related companies price fell out of fear n unknown factors. infact these jv appear reasonable; getting pnb epf petronas the main parties and substantial share holders together,and improve overall range n scope of engineering sectors in oil n gas contracts,not forgetting who give the main works in o&g contracts. also oil prices appear to improve after opec decisions..
Ziyi44, problem is those internal groups ppl will line their pockets 1st when come the time. But you n me the retailers will be like trying to still the foods from the lions. Yes, the lion bounty can be rewarding, but wrong move n get caught the consequences will be severe too.
Since there are internal play, you cannot predict like normal counter hence your risk also much higher. So good luck with it or just choose another counter to play.
Not a good deal for UMW Oil and Gas, says CIMB Research
KUALA LUMPUR: CIMB Equities Research is negative on UMW Oil and Gas’s (UMW-OG) plan to buy an offshore service vessels (OSV) player and a product tanker operator as well as issue rights to recapitalise and to fund the purchases.
“We are negative on these proposals as the acquirees are priced much higher than UMW-OG and the rights issue is unnecessarily large and dilutive.
“We downgrade our DCF-based target price to factor in the dilution,” it said in a report issued last Friday.
To recap, by July, UMW-OG targets to complete two acquisitions, i.e. 1) the purchase of a 42.3% stake in ICON Offshore Berhad (Not rated) from Ekuinas, followed by a mandatory general offer for the rest of the shares, and 2) the purchase of 95.5% interest in Orkim Sdn Bhd, also from Ekuinas, followed by the acquisition of the remaining 4.5%.
By August, UMW-OG hopes to complete the issue of rights shares to raise RM1.8bn.
“Yawning valuation gap does not favour UMW-OG shareholders. These proposals have taken us by surprise because UMW-OG has been suffering deep losses and is not in a position to acquire.
“The unfavourable valuation gap is also surprising. UMW-OG plans to buy Ekuinas’s 42.3% stake in ICON at a price-to-book value (P/BV) of 0.82 times in exchange for new UMW-OG shares valued at only 0.59 times.
“The subsequent mandatory general offer (MGO) will offer ICON shareholders a choice of new UMW-OG shares at the same low valuation or a cash payment.
“UMW-OG also plans to buy Orkim at P/BV of 3.56 times in an all-cash deal,” it said.
ICON is an OSV player with 37 units and has been reporting small core profits or losses since 1Q15.
However, up to 3Q16, its utilisation rates are still falling on-year and Southeast Asian charter rates are still declining.
While improvement is possible, the pace of charter rate recovery will be constrained by global OSV utilisation of just 40%.
“We struggle to justify UMW-OG’s willingness to pay for ICON’s OSV assets.
“Orkim in a better position but high valuation leaves little upside Orkim, on the other hand, is earning PBT margins of 20-30%, with a 30% market share of the clean product tankers plying the protected cabotage trade in Malaysia. It has a fleet of 14 product tankers and two LPG carriers, locked into firm contracts until 2021 with options to extend until 2024.
“The valuation attached to Orkim, however, implies very blue-skies utilisation and rate assumptions, leaving little upside for UMW-OG.
“Finally, UMW-OG will be issuing RM1.8bn worth of rights at a price of 50 sen a share, of which RM1.07bil will be used to fund the acquisitions and RM750mil to reduce UMWOG’s debt. The size of the dilutive rights issue would not have been so large if not for the proposed acquisitions.
“We have kept unchanged the DCF valuation of UMW-OG’s drilling business on a standalone basis at RM1.956bil.
“Although UMW-OG is planning to buy ICON at 0.82 times P/BV, we are valuing the business at only 0.6 times as the sector is trading at an average P/BV of only 0.4 times. Our DCF analysis of Orkim yields a valuation of RM447mil, lower than the cash acquisition price of RM495mil. "The net result is a lower cum-rights target price of 80 sen,” said CIMB Research.
when RM 2... ppl said cheap....can buy when RM 1.50.... ppl said buy and keep..... sure profit.... when RM 1.... ppl said mega sale.... must buy ... else regret.... when RM 0.85... ppl said must buy stock... to keep for few years and make few folds.... now 72.... is this price the lowest bottom?
i don't want to be warren buffet...in Bursa I want to be CpTeh, KYY, bonescythe, LTA...Bursamaster...most importantly...Holland Sifu OTB....because they Sin Ka Lan number 1...hehe..
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....
stockmanmy
6,977 posts
Posted by stockmanmy > 2017-01-20 22:51 | Report Abuse
There are not many super investors.
That is for sure.