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
|
|
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 ($$) |
1.5300
|
1.4800
|
||
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Sep 2018
|
30 Sep 2017
|
30 Sep 2018
|
30 Sep 2017
|
||
|
$$'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
| EMPLOYEES PROVIDENT FUND BOARD | 06-May-2019 | Acquired | 157,000 | 0.000 |
 |
| EMPLOYEES PROVIDENT FUND BOARD | 30-Apr-2019 | Acquired | 100,000 | 0.000 |
|
| EMPLOYEES PROVIDENT FUND BOARD | 19-Apr-2019 | Acquired | 100,000 | 0.000 |
|
| EMPLOYEES PROVIDENT FUND BOARD | 17-Apr-2019 | Acquired | 100,000 | 0.000 |
|
| EMPLOYEES PROVIDENT FUND BOARD | 11-Apr-2019 | Acquired | 79,200 | 0.000 |
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
