jlshann not sure what to advice..maybe u should cut loss around 0.90 last week..now its too high loss % for you..maybe u should hold and bet it will rebound soon
stockraider.... mammy.... also want everybody to make money. maybe tomorrow, rebound to RM 1..... UMWOG announces UMW will be taking over PETRONAS at RM 5 / share? who knows....
To be honest... if the company is already making a bad business deal... i point holding. Look at felda.
Easy to gauge. Now oil n gas rebound. N most counters rebound. Those that did not rebound but still going down...u must be pretty damn sure it's not going to be well. Imagine what happen if oil drop below usd55 per barrel. Always create a sell strategy which include cut loss n take profit. With this corporate direction.. it's a huge signal
Most dealing r behind political wishes...dont really know why...look at FGV. ..THH...SIMEDARBY ...& the latest UMWOG. To say the price will go down d drain & these co r going bankrupt dont really make sense cos politic's hands r holding them. So if u want to take the risk by all means & if u think u can make monies all d best. If not better watch & make yr own judgement b4 jumping unto the ship. Adios
political is the most easy money making business. - no need capital - got power to use whatever laws as you wish. - if unable to find a suitable act / law, then make up one and use it. - can bully people, and people can't do anything - can rob, but tell others the money don't know who gave me, maybe I am handsome with 10" dick. -
Buy below RM0.70 as the selling has been well absorbed. it's very like this counter will be supported at RM0.80 for the corporate exercise mentioned earlier.
UMW Oil & Gas Corp Berhad provides services to the oil and gas industry. The Company offers drilling operations, oilfield services, pipe manufacturing and oilfield products.PETRONAS Carigali, the upstream arm of Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS), holds an option under the two year contract to extend the deal by one year, UMW O&G said in a filing with local stock exchange Bursa Malaysia. The contract value was however not revealed.
UMW Offshore Drilling is a unit of UMW Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of UMW O&G.
UMW Oil & Gas Corporation Berhad ("UMW-OG") has a deemed interest in the shares of Icon Offshore Berhad ("ICON") pursuant to section 6A(6) of the Companies Act, 1965 by virtue of the conditional share purchase agreement dated 19 January 2017 made between UMW-OG and Hallmark Odyssey Sdn. Bhd. ("HOSB") for the acquisition by UMW-OG of 497,768,820 ordinary shares of par value RM0.50 each in ICON held by HOSB, representing approximately 42.3% of the total issued ordinary share capital of ICON.
wow, proposal in fast track motion. bukan main main. proposal sure jadi. Icon share will be priced over 50sen once umwog shoot up to above 90sen.
Upon completion of the consolidation exercise, UMW-OG will embark on a recapitalisation exercise via a rights issue of approximately RM1.8bil. To this end, Ekuinas has indicated its support for the recapitalisation plan, up to RM550mil, comprising its entitlement and application of excess rights shares,” it said.
UMW-OG will undertake a mandatory take-over offer for all the remaining Icon shares at a consideration of 50 sen a share to be satisfied either via cash or issuance of new UMW-OG shares at 80 a share.
“UMW-OG intends to secure full acceptance to reap the benefits of consolidation and does not intend to maintain the listing status of Icon,” it said.
CIMB analyst is wrong.The consolidation will make them only stronger with the synergy effect. PETRONAS will only deal with them as a one stop comglomorate.Hopefully no other competitors.
The merger between UMW Oil and Gas Corp Bhd (UMW-OG), Icon Offshore Bhd and Orkim Sdn Bhd is an example. Based on their track record and past orderbooks, all three companies are seen as among the frontrunners in their respective segments for contracts given out by Petroliam Nasional Bhd.
"The merger between UMW Oil and Gas Corp Bhd (UMW-OG), Icon Offshore Bhd and Orkim Sdn Bhd is an example. Based on their track record and past orderbooks, all three companies are seen as among the frontrunners in their respective segments for contracts given out by Petroliam Nasional Bhd. "
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....
aizuddin1199
192 posts
Posted by aizuddin1199 > 2017-01-23 17:13 | Report Abuse
jlshann not sure what to advice..maybe u should cut loss around 0.90 last week..now its too high loss % for you..maybe u should hold and bet it will rebound soon