UZMA (7250) NOT ONLY ASSET PLAY - UZMA HAS BOUGHT INTO HIGH PROFIT PROVEN COMPANIES, Calvin Tan Research
Hi guys,
Looks like I am getting more and more bullish on Uzma
Why?
BECAUSE UZMA IS STILL A LAGGARD COMPARED TO NAIM, DAYANG OR CARIMIN
BECAUSE UZMA IS STILL SO CHEAP I AM SHOUTING OUT ITS VALUE!
NOW AMONG ALL THESE 4 OGSEs - CARIMIN, PENERGY, DAYANG & UZMA
UZMA PRICE TO BOOK VALUE IS STILL LESS THAN 50% (THAT IS WHY UZMA LOOKS CHEAP & UNDEMANDING
NOT ONLY UZMA HAS HIGH NTA - UZMA ALSO GOT HIGH VALUE & PROFITABLE COMPANY. THE ACQUISITION IS PROVEN SUCCESS IN THE OIL AND GAS INDUSTRY
IN JAN 2019 UZMA SPENT RM36 MILLIONS TO ACQUIRE ANOTHER 15% OF SETEGAP (ALREADY OWNED 49% & PLUS THIS PURCHASE UZMA HAS INCREASED ITS OWNERSHIP TO 64% FOR FULL CONTROLL)
SO THE RM36 MILLIONS WERE PUT TO GOOD USE
JUST LIKE COMPLETE LOGISTIC BUILT 2 NEW WAREHOUSES TO EXPAND REVENUE & PROFIT UZMA MANAGEMENT IS PRO ACTIVE TO BUY MORE SHARE OF SETEGAP FOR FURTHER EARNINGS
SEE HOW CALVIN CALLED FOR A BUY ON COMPLETE LOGISTIC WHEN NAYSAYERS WERE SELLING
Looks like I am getting more and more bullish on Uzma
Why?
BECAUSE UZMA IS STILL A LAGGARD COMPARED TO NAIM, DAYANG OR CARIMIN
BECAUSE UZMA IS STILL SO CHEAP I AM SHOUTING OUT ITS VALUE!
NOW AMONG ALL THESE 4 OGSEs - CARIMIN, PENERGY, DAYANG & UZMA
UZMA PRICE TO BOOK VALUE IS STILL LESS THAN 50% (THAT IS WHY UZMA LOOKS CHEAP & UNDEMANDING
NOT ONLY UZMA HAS HIGH NTA - UZMA ALSO GOT HIGH VALUE & PROFITABLE COMPANY. THE ACQUISITION IS PROVEN SUCCESS IN THE OIL AND GAS INDUSTRY
IN JAN 2019 UZMA SPENT RM36 MILLIONS TO ACQUIRE ANOTHER 15% OF SETEGAP (ALREADY OWNED 49% & PLUS THIS PURCHASE UZMA HAS INCREASED ITS OWNERSHIP TO 64% FOR FULL CONTROLL)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UZMA BERHAD ("UZMA" OR THE "COMPANY") PROPOSED ACQUISITION OF AN ADDITIONAL 15% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION")
| UZMA BERHAD |
| Type | Announcement |
| Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
UZMA BERHAD ("UZMA" OR THE "COMPANY")
PROPOSED ACQUISITION OF AN ADDITIONAL 15% EQUITY INTEREST IN SETEGAP VENTURES PETROLEUM SDN BHD ("PROPOSED ACQUISITION")
|
|
On behalf of the Board of Directors of Uzma (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that Tenggara Analisis Sdn Bhd (“Tenggara”), a wholly-owned subsidiary of Uzma, had on 29 January 2019 entered into a conditional share sale agreement (“SSA”) with Nasri Nasrun Ventures Sdn Bhd (“NNVSB” or the “Vendor”) to acquire 694,350 ordinary shares in Setegap Ventures Petroleum Sdn Bhd (“SVP”) (“Sale Shares”), representing 15% equity interest in SVP, for a cash consideration of RM36 million (“Purchase Consideration”) (“Proposed Acquisition”).
UNLIKE KPS WHICH BOUGHT AN ENTIRE NEW UNPROVEN COMPANY UZMA IS BUYING A TRIED AND TESTED COMPANY WHICH GAVE HIGH PROFIT TO THE GROUP
SEE MORE CLEARER
PROPOSED ACQUISITION 2.1 Details of
the Proposed Acquisition SVP is currently a 49%-owned joint venture
entity of Tenggara. Upon completion of the Proposed Acquisition, Tenggara
will hold a total of 64% equity interest in SVP. Thus, the Proposed
Acquisition represents a strategic move to allow Uzma to exercise
further control over the operations and business direction of SVP. SVP
is principally involved in the provision of support services to the oil
and gas (“O&G”) industry such as well pumping and coil tubing. Such
services are complementary to the existing services offering of Uzma and
its subsidiaries (“Uzma Group” or the “Group”) such as geoscience and
reservoir engineering, drilling as well as project and operation
services for the O&G industry. The Group may be able to
further integrate the business operations of SVP with its own and
extract synergistic benefits such as cost reduction through the pooling
of resources and streamlining of operations.
SVP has been contributing positively to the Group’s earnings since
Tenggara’s acquisition of 30.02% and 18.98% equity interest in SVP back
in January 2012 and January 2015 respectively. For the 18-month
financial period ended (“FPE”) 30 June 2018(1), SVP contributed RM10.39
million to the Group’s profit before tax (“PBT”). The increase in equity ownership of SVP will allow the Group to consolidate a higher percentage of SVP’s earnings.
|
|
JUST LIKE COMPLETE LOGISTIC BUILT 2 NEW WAREHOUSES TO EXPAND REVENUE & PROFIT UZMA MANAGEMENT IS PRO ACTIVE TO BUY MORE SHARE OF SETEGAP FOR FURTHER EARNINGS
SEE HOW CALVIN CALLED FOR A BUY ON COMPLETE LOGISTIC WHEN NAYSAYERS WERE SELLING
While Its Share Price has gone down by 49% the NTA of COMPLETE has gone up from Rm1.05 to Rm1.12 (Up 6.6%)
Why NTA grew?
Answer:
COMPLETE LOGISTIC BUILT AND 2 MORE WAREHOUSES.
Management cautioned that both Land & Sea Transport are stagnating
so they did not expand more Fleet of Ships or Trucks but Built New
Warehouses in Strategic Locations in anticipation of the surge in
Warehousing Demand
And they are Chun Chun Indeed!
See
Warehouses reach for the sky as urban demand soars
High occupancy rates in big economies are driving a wave of investment in the sector
SEE FULL ARTICLE
AND IT WAS A CHUN CHUN CALL ON COMPLETE LOGISTIC AS IT GAVE OUT A VERY NICE 16 SEN DIVIDEND LATER
SO WILL BE UZMA
WHEN ALL THE REVENUE & INVESTMENT TURN INTO REAL LIQUID PROFITS UZMA SHARE PRICE WILL MOVE UP LIKE COMPLETE LOGISTIC
SO THE TIME TO BUY COMPLETE LOGISTIC WAS WHEN IT WAS NEGLECTED LIKE CARIMN & NAIM
NOT NOW AFTER ALL THE GOOD NEWS ARE OUT AND PEOPLE START GETTING BULLISH AND CHASING TO THEIR DETRIMENT
NOW THE SAME PATTERN WILL FOLLOW
UZMA WILL ONE DAY SHOW BETTER PROFITS & MR MARKET WILL THEN TURN GREEDY
FOR NOW PEOPLE ARE STILL RESERVED AND FEARFUL ON UZMA = HENCE ONLY CALVIN TAN RESEARCH ALONE IS BULLISH
BEST REGARDS
Calvin Tan
Please buy/sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/220294.jsp
