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Home calvintaneng UZMA TRACKING UZMA HISTORIC PRICES SHOW GROSSLY UNDERVALUE POSITION, Calvin Tan Research

TRACKING UZMA HISTORIC PRICES SHOW GROSSLY UNDERVALUE POSITION, Calvin Tan Research

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Hi guys,
Of all 4 OGSE - DAYANG, CARIMIN, PENERGY & UZMA Of the Four UZMA Stands Out As A Grossly Oversold Stock

Let's Refer to DYNAQUEST Past Prices of Uzma (Till Year 2015)

CRITICAL STOCK MARKET INFORMATION

YEAR..............Year low....Year high............EPS
2008................0.47..........0.77....................4.8 sen
2009................0.45..........0.71....................-5.6 sen
2010................0.48..........0.72....................-0.7 sen
2011................0.56..........0.93....................5.6 sen
2012...............0.60...........0.89...................9.4 sen
2013...............0.80...........2.79...................14 sen
2014...............1.28...........4.28...................13.9 sen  (Those who chased at peak price Rm4.28 for RI are stupid)
2015...............1.60..........,2.62...................16.8 sen

Why in year 2014 UZMA Share Price Jumped from a low of Rm1.28 to the all time high of Rm4.28?
These are 2 reasons

1) For 2 years Uzma EPS increased to double digits (14 sen for year 2013 & 13.9 sen for year 2014)
2) In Year 2014 Uzma gave out Rights Issue One for One at 75 sen

See

Circular/Notice to Shareholders

UZMA BERHAD

Subject
 CIRCULAR TO SHAREHOLDERS IN RELATION TO

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 132,000,000 NEW ORDINARY SHARES OF RM0.50 EACH (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM0.75 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH (“SHARES”) HELD IN UZMA AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE"); AND

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF UZMA FROM RM100,000,000 COMPRISING 200,000,000 SHARES TO RM250,000,000 COMPRISING 500,000,000 SHARES AND IN CONSEQUENCE THEREOF, THE COMPANY’S MEMORANDUM OF ASSOCIATION BE ALTERED ACCORDINGLY (“PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL”).

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
 


Now if we take the very lowest price for year 2014 at Rm1.28
To qualify for RI at 75 sen  the average cost will be
Rm1.28 + .75 divided by 2 = Rm1.015 or Rm1.02 per share cost to all Holders in year 2014
ASSUMING ALL DIRECTORS TOOK UP RIGHTS SHARES OF UZMA IN YEAR 2014 THEIR EX RIGHTS COST PRICE WILL BE RM1.02 PER SHARE
YES! THAT IS THEIR HOLDING COST TILL NOW IN YEAR 2019 (RM1.02)
QUESTION NOW IS
AT 66.5 SEN CURRENT PRICE OF UZMA IN REAL TIME HAVE THEY SOLD ANY FROM YEAR 2014 TO 2019?

AND WITHIN THESE 5 YEARS (2014 to 2019) IF THEY DID SELL....THEN DO WE KNOW AT WHAT PRICES THEY SOLD?
VERY GOOD.
FOR THE ANSWERS LET'S GO TO i3 INVESTORS' FORUM UNDER UZMA & TRACK DIRECTORS' BUYING OR SELLING ACTIVITIES FOR YEARS 2014 TO YEAR 2019

SO HERE WE SEE ALL THEIR TRADES FROM RI AT 75 SEN TO CURRENT PRICES
THE HIGHEST PRICE DISPOSED WAS RM3.60 & THE LOWEST DISPOSED PRICE WAS RM1.00 UNTIL YEAR 2018
FOR YEAR 2019 NO DIRECTOR SOLD ANY UZMA SHARES
IF WHAT 3 IB (INVESTMENT BANKS) DOWNGRADE WERE TRUE THE FIRST TO DISPOSE THEIR SHARES SHOULD BE DIRECTORS/INSIDERS
SO FAR NO DIRECTOR HAS SOLD ANY UZMA SHARES BELOW RM1.00
IN FACT IF YOU STUDY THE BUY/SELL MORE CAREFULLY THERE WAS ONLY ONE TRANSACTION DONE AT RM1.00
THIS 1,000 LOTS WERE SOLD BETWEEN 2 DIRECTORS OF UZMA
IF WE ELIMINATE THIS DEAL THEN WE KNOW EXACTLY THAT THE VERY LOWEST BASE PRICE OF DIRECTORS' SALE OF UZMA SHARES WAS RM1.20

YES! RM1.20 WAS THE LOWEST PRICE DIRECTORS WILLING TO SELL FOR THE LAST 5 YEARS
THEN WHO SOLD DOWN UZMA FROM RM1.20?
ANSWER:
1) THE FICKLE MR. MARKET
2) SORCHAI WHO LISTENED TO THE DOWNGRADES OF 3 IB (INVESTMENT BANKS)
3) KWAP
NOW AFTER UZMA WAS SOLD DOWN BELOW 60 SEN = 3 DIRECTORS REPORTED TO BURSA THAT THEY INTENT TO TRADE IN UZMA SHARES
AND THESE ARE 2 BUY TRANSACTIONS REVEALED:

NOW ALL MUST REMEMBER AND KEEP IN MIND THAT FOR ALL DIRECTORS WHO EXERCISED RIGHTS BUY ISSUE THEIR LOWEST NET HOLDING COST IS RM1.02
SO ANYTHING BELOW 75 SEN ALREADY A BUY
AT BELOW 60 SEN IT IS IRRESISTABLE BARGAIN
BUT UZMA EXPERIENCED DOUBLE BOTTOM OF 55 SEN TWICE
WHY DIDN'T DIRECTORS GAVE NOTICE TO BUY EARLIER
WHY ONLY NOW?
IS UZMA GOING TO SEE BETTER TIMES AHEAD?

BEST REGARDS

Calvin Tan Research

Please buy or sell after doing your own due diligence

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/220058.jsp
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