UZMA (7250) HAS GROWTH IN NTA OVER THE YEARS WHICH ALL HAVE OVERLOOKED, Calvin Tan Research

UZMA (7250) HAS GROWTH IN NTA OVER THE YEARS WHICH ALL HAVE OVERLOOKED, Calvin Tan Research


Hi guys,
The Growth of Uzma is in 3 Areas: 1) Revenue. 2) Cash Position. 3) Assets
Growth in Revenue is good but not enough if debt also increase exponentially. Then we have growth in cash like LionFib, Pm Corp or TA Enterprize which are good. Better if they give out good dividend like TA.
NTA Growth is also Real Growth

Let me explain:
Example:
If you get a salary of Rm10,000 per month
And you buy assets like a Car for Rm50,000 & a  house for Rm500,000
Say you pay off the car loan at Rm1,000 a month & house loan  at Rm3,000 per month
After deducting your loan commitments you still have remaining Rm6,000 for monthly expense
Suppose you spent Rm5,500 and save Rm500 per month.
So it looks like your income is Rm10,000 and Net Growth is Rm500 or 5%
IS THAT THE CORRECT PICTURE?
NO. OF COURSE NOT!!
BOTH YOUR CAR (RM50,000) & HOUSE (RM500,000 (HOUSE) ARE PART OF YOUR WEALTH
ONLY THING IS THE CAR WILL DEPRECIATE OVER TIME. BUT IF YOU BUY A HOUSE IN A GROWTH LOCATION PRICE WILL GO UP OVER THE YEARS
SO YOUR NET GROWTH OVERALL IS MORE THAN 5%
NOW THAT IS WHY CALVIN TAN RESEARCH ALWAYS LOOK AT THE NET NET PERSPECTIVE (NOT JUST CURRENT CASH POSITION)
IT IS THE NET NET ADDED UP IN TOTAL MINUS ALL LIABILITIES = REAL NET WORTH.
HA!! THAT IS HOW WE ARRIVE AT THE INTRINSIC VALUE
AND WE SHOULD ALWAYS PAY BELOW INTRINSIC VALUE AS A MARGIN OF SAFETY

NOW LET'S TAKE A LOOK AT UZMA NTA GROWTH OVER THE LAST 5 YEARS

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2014	31/03/2013	31/03/2014	31/03/2013
		$$'000	$$'000	$$'000	$$'000
1	Revenue	97,718	88,897	97,718	88,897
2	Profit/(loss) before tax	12,302	12,181	12,302	12,181
3	Profit/(loss) for the period	9,500	9,339	9,500	9,339
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,428	8,855	8,428	8,855
5	Basic earnings/(loss) per share (Subunit)	6.38	6.71	6.38	6.71
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 ($$)	1.0400		0.9700

 

FOR MAY 2014 THE  NTA IS RM1.04

 

 

UMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000
1	Revenue	148,529	97,718	148,529	97,718
2	Profit/(loss) before tax	13,086	12,302	13,086	12,302
3	Profit/(loss) for the period	9,577	9,500	9,577	9,500
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,054	8,428	8,054	8,428
5	Basic earnings/(loss) per share (Subunit)	3.01	6.38	3.01	6.38
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 ($$)	1.0300		0.9600

FOR MAY 2015 NTA IS RM1.03

UMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000
1	Revenue	119,137	148,529	119,137	148,529
2	Profit/(loss) before tax	23,458	13,086	23,458	13,086
3	Profit/(loss) for the period	21,655	9,577	21,655	9,577
4	Profit/(loss) attributable to ordinary equity holders of the parent	20,974	8,054	20,974	8,054
5	Basic earnings/(loss) per share (Subunit)	7.21	3.01	7.21	3.01
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 ($$)	1.2400		1.2200

FOR MAY 2016 NTA IS RM1.24 (UP BY OVER 20%)

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000
1	Revenue	94,504	119,137	94,504	119,137
2	Profit/(loss) before tax	6,994	23,458	6,994	23,458
3	Profit/(loss) for the period	6,273	21,655	6,273	21,655
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,935	20,974	5,935	20,974
5	Basic earnings/(loss) per share (Subunit)	2.04	7.21	2.04	7.21
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 ($$)	1.3600		1.3800

FOR MAY 2017 NTA IS RM1.36

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Fifteen Months	Twelve Months
		01 Jan 2018 To	01 Jan 2017 To	01 Jan 2017 To	01 Jan 2016 To
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000
1	Revenue	91,932	94,504	467,644	471,050
2	Profit/(loss) before tax	2,369	6,994	28,964	50,536
3	Profit/(loss) for the period	333	6,273	26,495	44,121
4	Profit/(loss) attributable to ordinary equity holders of the parent	-100	5,935	24,131	39,328
5	Basic earnings/(loss) per share (Subunit)	-0.03	2.04	7.88	13.52
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 ($$)	1.4400		1.3800

FOR MAY 2018 NTA IS RM1.44

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000
1	Revenue	111,433	91,932	304,536	301,621
2	Profit/(loss) before tax	5,599	2,369	22,115	12,196
3	Profit/(loss) for the period	4,335	333	20,534	13,991
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,485	-100	17,900	12,590
5	Basic earnings/(loss) per share (Subunit)	0.78	-0.03	5.59	4.11
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 ($$)	1.5400		1.4800

LATEST QUARTER RESULT FOR MAY 2019 NTA IS AT A NEW HIGH OF RM1.54

AMONG THESE NET ASSETS ARE 9 HWUs & MARINE OIL BUSINESS & OTHER GROWING COMPANIES ACQUIRED WITH CASH

ASSETS BOUGHT WHEN USD WAS LOWER. SO WITH HIGH USD FEW OIL AND GAS ENTITIES COULD JOIN AS BARRIER TO ENTRY WILL BE PROHIBITIVE
AND THERE IS WEALTH IN THESE ASSETS OF VALUE

ON THE OTHER HAND COMPANIES THAT CANNOT GROW IN ASSETS WHEN INSOLVENT WILL FALL INTO PN17
OR THEY MIGHT GO INTO CONSOLIDATION LIKE 10 BECOME ONE
BUT THERE IS A HIGH POSSIBILITY THAT UZMA MIGHT GIVE OUT BONUS SHARES WITH FREE WARRANTS IF NTA KEEPS ON GROWING LIKE MEGA FIRST (MFCB) , TN LOGIS OR PINTARAS JAYA
I have good fortune of buying all 3 of the above by looking at them from ASSET GROWTH IN FOCUS

WILL UZMA JOIN THEM ONE DAY?

HOPEFULLY

BEST REGARDS

Calvin Tan Research

Please buy/sell after doing your own due diligence

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/219730.jsp