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Hi guys,
The recent poor results from Penergy, Dayang & Carimin due to monsoon, have caused a pull back in Oil & Gas Bull run. This is only temporary as BULL RUN Will resume & results for coming Quarters of August & November 2019 expected to be better.
However, we must continue to Focus on those with healthy balance sheet and avoid those highly indebted ones which might be insolvent, then go into Pn17 & finally delist due to high borrowing
WE HAVE ALREADY HIGHLIGHTED THE POTENTIAL OF UZMA
FURTHER FOLLOW UP ON UZMA BY OUR CONVERSATION WITH MANAGEMENT
Last we called UZMA Head Office & these are some updates
1) THE 22 DECOMMISSIONING OIL WELL JOBS WILL TAKE ABOUT 7 TO 14 DAYS PER WELL. EXPECTED COMPLETION FROM JULY 2018 TO JULY 2019
THESE ARE BETTER PAYING JOBS SECURED & PAYMENT FROM PETRONAS IS PROGRESSIVE. PLUS MANY OTHER JOBS ALREADY SECURED COMPANY IS SANGUINE THAT O&G INDUSTRY NOW FACING MUCH BETTER TIMES
2) COMPANY IS ACTIVELY LOOKING FOR MORE NEW JOBS OF VALUE
3) UZMA DOES NOT OWN ANY OIL RIGS BUT IT HAS 9 HWUs (Hydraulic Workover Units). In Malaysia all Off shore but HWUs in Thailand are all Onshore
These are now in active employment
4) UNLIKE BARAKAH – UZMA ASSETS ARE VERSATILE & CAN EASILY CHANGE & ADAPT TO DIFFERENT JOB NEEDS
5) OVER ALL THE OIL & GAS INDUSTRY IS NOW IN UPTURN
CALVIN TAN RESEARCH MAINTAINS ADD ON WEAKNESS.
ANYTHING BELOW 80 SEN JUST ADD MORE
 
BEST REGARDS
 
Calvin Tan
Singapore
 

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
105,577
110,400
193,103
209,689
2 Profit/(loss) before tax
9,285
6,510
16,516
9,827
3 Profit/(loss) for the period
8,321
7,080
16,199
13,658
4 Profit/(loss) attributable to ordinary equity holders of the parent
8,175
6,360
15,415
12,690
5 Basic earnings/(loss) per share (Subunit)
2.55
2.07
4.82
4.14
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.5300
1.4800
 


SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
87,526
99,289
87,526
99,289
2 Profit/(loss) before tax
7,231
3,317
7,231
3,317
3 Profit/(loss) for the period
7,878
6,578
7,878
6,578
4 Profit/(loss) attributable to ordinary equity holders of the parent
7,240
6,330
7,240
6,330
5 Basic earnings/(loss) per share (Subunit)
2.26
2.11
2.26
2.11
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.4600
1.480

FROM NOV 2018 TO FEB 2019
ALL THESE 3 IMPROVED
1) REVENUE INCREASED 20%
2) PROFIT UP
3) NAV ALSO NEW HIGH AT RM1.53 (AT 79.5 SEN : DISCOUNT TO NTA IS A NICE 48%) HUGE MARGIN OF SAFETY!!

AND SUPPORT FROM EPF BUYING

AND BEAR IN MIND THESE 3 FUNDAMENTAL FACTS
1) PETRONAS RAPID REFINERY NEEDS EXTRA 54.7 MILLION BARRELS OF CRUDE OIL
2) PH GOVT DEMANDS EXTRA REVENUE FROM PETRONAS TO SHORE UP BUDGET (RM30 BILLIONS GIVEN)
3) OIL AND GAS UPTURN PLUS CAPEX FOR OFF SHORE UPSTREAM NOW AT RM30 BILLIONS ENSURE LIQUIDITY

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/207916.jsp
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