No. Do not ever touch this share. UMWOG lost badly every quarter and directors will take big share of their fees till doomsday. Keep cash in FD is best for now.
Why you all want to play this one. I am sorry if you have made lossess.this counter. Please I not make fun of anyone's. It's not a good feeling when you are holding a share that has dropped like mad. And their operations is bad...
not surprising. with the current leadership and mgmt of course la this counter mati. president background not rigs. head of drilling fundamental background is mwd. mampus
Haven't been around for a week and while I am not surprised by the drop in price after UMW distibution on 11.07.17 I am surprised that at one point it went below 30sen!!! I suppose at the current price, these new shareholders may just hold on and pray that it goes up.
Hopefully those funds that received free OG shares had sold everything since 11.07.17. Else price may go further south. Since 11.07, approximately 90M shares traded. If all these are sold by new shareholders, bal 300M still waiting to sell. Better wait until dust settle before decide on buying OG shares. Good luck to those that bought before UMW's distribution.
If really what Pmaster said today many people bought for a rebound, so now they're suffering losses, they may wanna consider unwinding back their position to protect their capital from eroding further
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....
winmal
1,128 posts
Posted by winmal > 2017-07-13 16:00 | Report Abuse
UMW just wants to get out from OG sector , focus on auto industry