Posted by stockmanmy > Jul 18, 2017 08:55 AM | Report Abuse
be greedy
got money to buy the coming rights issues or not? Dont talk like expert just like when u promoted non stop at RM0.70+ during Jan this year (and then claimed u cut loss at Rm0.70 etc..)
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 6,053,600,000 NEW UMW-OG SHARES (“RIGHTS SHARES”) TOGETHER WITH UP TO 1,513,400,000 FREE DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE (“RIGHTS ISSUE PRICE”) ON THE BASIS OF FOURTEEN (14) RIGHTS SHARES FOR EVERY FIVE (5) UMW-OG SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE WITH WARRANTS”); (II) PROPOSED SUBSCRIPTION OF UP TO 4,847,539,594 NEW ISLAMIC REDEEMABLE
By Hideyuki Sano TOKYO (Reuters) - The U.S. dollar sank to a 10-month low against a basket of major currencies on Tuesday, hobbled by uncertainty over the pace of the Federal Reserve's policy tightening and worries that President Donald Trump will fail to deliver healthcare reforms. The dollar's index against a basket of six major currencies sank to a 10-month low of 94.75. From its 14-year peak of 103.82 touched on Jan. 3, it has lost 8.4 percent. Two more Republican Senators, Jerry Moran and Mike Lee, announced their opposition on Monday to a revised Republican healthcare bill, delivering a serious blow to the legislation. "If the bills won't pass, there will be no money for tax cuts. The implementation of his fiscal policy will be difficult," said Bart Wakabayashi, Tokyo Branch Manager of State Street. Friday's weak reading on U.S. inflation and retail sales also fanned speculation that the Fed may not have justification for another rate hike by the end of this year, despite policymakers' projection for such a move. Money market instruments are now pricing in less than 50 percent chance of a rate increase during the rest of the year. In contrast, central bank policymakers in the euro zone, the UK and Canada have recently signaled they could adjust their policies, with the Bank of Canada raising rates last week for the first time since 2010.
Looks like crude oil is going to stay at current price for long time. Buying oil stock now either you make a lot or you lose a lot, the risk is high. I cannot effort risk, have move away from oil stock.
If crude price stay at current level, many stock will die. It has to maintain above 60. Don't forget U.S. have a lot shale oil, their output seen up when crude price up that bring down the crude price.
Yes ageeed .. crude oil slumps because of shale oil from US... even news from OPEC cut production last nite drove the Brent crude oil above USD49 but after US industry report stock pile increase then drives the price down again .....
This counter can play for short term rebound. If you want to go in to bet for long term oil and gas recovery, firstly, there is no hurry, it will take some time for oil price to go up, secondly, there are plenty of better managed or well-diversified ones like Bumi, Sapura Energy, Uzma or Waseong that are entrepreneur driven. Any price below 30 sen is a no-brainer buy for short term play cause PNB die die want to stick to the right share price at 30 sen. Most companies will not put up a price at proposal stage.
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Posted by Explode > 2017-07-17 16:53 | Report Abuse
nice close, Congrats all