Actually UMW running this company made things worse. Whatever UMWOG's fund raising activity will have impact on UMW. For example, the more UMWOG borrows, the higher the gearing ratio will be for UMW and this will affect UMW's bond rating. This really slow down the whole fund raising process. It's good that both of them are separated. UMW never has a good record of running oil and gas companies anyway and most of them are losing money.
Araj87, tell us more about those bullsh*t. Maybe compare to what you have experienced while in Petronas, since both are GLCs.
Market Capital (RM) : 2.259b Number of Share : 8.216b insider already start selling last Fri & this Monday with price drop to lowest 27c...2molo news share listing likely has not much pressure to the share price. Price liekly ready to rebound from now onward unless future profit is getting worst which unlikely due to significantly drop in borrowing. Govt taiko now ready to boost up sales from now. Immediate term share px surge to 50-60c very likely given that crude oil likely to trend higher in 2018...
UMWOG : Naga Rigs on 100% utilization is a gd sign. Just the rate is soft. Crude expect to trend higher in 2018..very gd for UMWOG. Gd time to accumulate at this level. Don think govt taiko will let it kaput since their entry cost is so much higher.
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....
sg999
1,801 posts
Posted by sg999 > 2017-10-21 22:29 | Report Abuse
once warrant listing, throw like no tomorrow!