You have been warned.

1. Accumulation: Done
2. Markup: Done
3. Distribution: Almost Done
4. Markdown: Soon

Careful now folks!

Smetric lagi berJoget with cash in the bank.

Smetric is in-between the distribution & markdown price cycles now folks. Careful now!

A small company with too much cash in the bank sadly only earning a friction of interest which could not offset the slow business caused by the pandemic. CEO with a vision will generate better income rather than letting the cash sitting in the bank with a little returns.

Careful now folks!

Remember folks, this counter can't shine since the C19 pandemic. Critical support level at 0.120 will be tested again. 2Q & the 3Q results will still be in the red. The 4Q will probably be good. Careful now.

Major major red flag.

Smetric cycles:

1. Accumulation: Done
2. Markup: Done
3. Distribution: Ongoing now
4. Markdown: Soon

Careful now folks!

Distribution in progress slowly & surely. Careful now folks!

Q1 loss..unable to shine since the covid pandemic. Get out while u still can, Under 0.10 in the making. Careful now folks!

Velesto will be on the dire straits till 2022 folks. A wise investor will switch to other potential counters. The unwise one will still be in-denial folks!

With massive selling pressures today & weeks to come, rest assured that the aggressive supports will die out in due time. So take this opportunity to sell.

Remember folks, the fake support will not last long!

TP 0.095 for now.

Will be even lower (Tp 0.055) after the next 2Q financial result announcement as the impact of Naga 7 will be felt.

Careful now, folks!!

1. Naga7 under water.
2. Zero utilisation for Naga 7 from May 2021 pending updates on the rig’s operability.
3. Ongoing & future contracts will be affected.
4. Earnings will be deeply affected with zero utilization of Naga 7.
5. High costs incurred to salvage Naga7 & to make it seaworthiness which will take at least 2 years & this remain to be seen.
6. Time to sell & move on.

0.095 in the making..slowly & surely. Be extra careful now folks!

Careful now folks!

https://www.facebook.com/568216023189352/posts/5655371627807074/?d=n

Naga7 now under the sea. Major loses as ongoing & future contracts can’t be fulfilled.

Careful now, folks!

NAGA 7 - Jack Up Drilling Rig owned by Velesto Energy Bhd. CONOCO PH drilling project .. near to KIKEH deep water

https://www.facebook.com/735543803245641/posts/2241898892610117/?d=n

(March 23): The private sector must invest in innovation and digitalisation — leveraging digital platforms, ecosystems and marketplaces to boost productivity.

Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said this includes investing in cybersecurity to create a safe, secure and trusted digital ecosystem for businesses to operate.

"We envision industry players not just as users and adopters, but also creators of innovative business models under the digital economy."

Based on the indicative issue price of RM0.147per Placement Share.


1. Latest practicable date prior to this announcement (“LPD”)

No. of shares in issue 536,030,000
Net assets per Share (sen) 8.19


2. After (1) and assuming full exercise of Outstanding Warrants 2020/2023

No. of shares in issue 779,530,000
Net assets per Share (sen) 10.63


3. After (2) and the Proposed Private Placement

No. of shares in issue 886,706,000
Net assets per Share (sen) 11.11


The Proposed Private Placement is not expected to have any material effect on Securemetric’s earnings and EPS for the financial year ending 31 December 2021as the Proposed Private Placement may be completed up to 6 months from the date of approval from Bursa Securities whilst the proceeds to be raised are expected to be used over a period of up to 24 months from the date of listing of the Placement Shares.

The issuance of Placement Shares will causeSecuremetric’s EPS to be diluted as a result of the increase in the number of Securemetric Shares.

However, the Proposed Private Placement is expected to contribute positively to the future earnings and EPS of Securemetric when the economic and financial benefits from the use of proceeds are realised.

Advice..good$ things$ come$ to$ those$ who$ wait$ patiently$

https://my.jora.com/Securemetric-Technology-Sdn-Bhd-jobs Look like Securem expanding...employing more Senior staffs.Going to secure big contract soon? Hmmmmm

Lol..no worries mine at 0.47

Indeed..good$ things$ come$ to$ those$ who$ wait$ patiently$

No worries..mine at 0.12 bought last yr.....didn't sell when price was on the uptrend during PM mydigital speech..still patiently waiting for a profit of 200% abv

Or you can see this way too...

81% buying for 1000+ lot......equivalent to only 1.41% total shares traded.

50% for 1-99 lot ...equivalent to 60.08% of total shares traded.

How?

Since Malaysia is more involved in supporting the major technology players, they are poised to continue rallying once the sell-off in the US is over. Take it as a buying opportunity, but only buy stocks with good earnings prospects.

https://www.thestar.com.my/business/business-news/2021/03/10/tech-is-still-intact

https://themalaysianreserve.com/2021/03/09/tech-stock-price-action-to-dominate-bursa/

Tech stock price action to dominate Bursa

Remember folks, be greedy when others are fearful.

Time to accumulate slowly & steadyly.

You will be rewarded when the dust has settle.

Hmmmm...0.325. Remember folks, be greedy when others are fearful.

Time to accumulate slowly & steadyly.

You will be rewarded when the dust has settled.

Remember folks, be greedy when others are fearful.

Time to accumulate slowly & steadyly.

You will be rewarded when things have become more calm & stable.

At 0.02 a CNY flash sale. Time to accumulate slowly & steadily, folks? Hmmmm

Gong Xi Fa Chai & Kung Hei Fat Choy to those celebrating.

May year 2020 be the best year in your life.

Happy investing, folks. Cheers..

Bad news for O&G:

Petronas allocates 5% of its capex for renewable energy which is solar & wind.

Oil prices remain heavy on oversupply concerns and after the Saudi Energy Minister did not offer any hints of optimism that the OPEC+ production cuts would be extended beyond March.

China’s coronavirus will likely see travel restrictions that could end up hurting demand for crude during a peak travel time in China.

Careful now, folks.

Happy year 2020 folks.....with higher fuel price sadly velesto contracts & rates still remain the same. Worse still all Nagas already chartered out in 2019.

As such velesto uptrend will only be temporary & opened opportunities for big institutions to take profits. Velesto will only break above 0.41 with new contract at better rates & with fuel price remained above $70pb.

Careful now, folks.,

Lol...

May year 2020 bless you all with health, wealth and happiness.....Cheers

As predicted Santa did not show up. No ho..ho..ho.

Now the bigger question: will there be a CNY rally? If there is, will big funds choose o&g sector? Carefull now, folks!

Will Santa show up this Christmas? Hmmmmm.... even the ASB suffered with the lowest dividend & bonus of 5.5% for the year 2019. What will the dividend for EPF be?.... below 4%?

A Chinese New Year rally maybe possible, but sadly on selected counter only. Could Velesto be one of the selected counter? Hmm.. careful now, folks!

Lolll......Remember folks, Velesto was trading at 0.285 on 20, March 2019 when I made that call asking you guys to buy. You would be laughing all the way to the bank by now.

FYI, I bought a few hundred thousand of shares in early Febuary 2019 & made hefty profits selling at 0.40 & 0.405.

Now with the stormy developments in the world economy, pressure on fuel production plus making matter worst for Malaysia equity the foreign funds outflow, the worse in not over yet.

As such, investors will take opportunities of an uptrend to lock in for profits or reduce their exposure in equity as Y2020 predicted to be gloomy too.

So careful now, folks!

The Petronas Activity Outlook for 2020-2022 released last Friday, the national oil firm underlined the outlook to remain challenging next year amid a persistent downward pressure and volatility of crude oil prices.

Petronas highlighted that many contracts are due for retendering in the next three years. The dwindling number of jobs as a result of the soft crude oil prices has stressed many local O&G companies badly folks.

Remember folks, Petronas has been mindful of the cost management to defend its profit margin in the current low oil price environment. Hence, the margin of the contracts (given out by Petronas) could be thin. Companies will have to be efficient to be decently profitable. Careful now, folks!

Lol

National Economic Council Director Larry Kudlow maintained a cautious optimism around the trade agreement struck by China and the U.S. & said "We will see if the Chinese stay with their word.”

As part of the limited deal, the U.S. said it will maintain 25% tariffs on approximately $250 billion of Chinese imports while reducing tariffs on $120 billion in products from 15% to only 7.5%. The rollback in duties is “smaller than expected" folks.

There is still some uncertainty regarding the status of this agreement where both sides are aiming to sign in January, as it appears once again that some technical and legal details are still in flux. Careful now, folks!

Purrrr.....

What was being described more as a “final offer” that has been approved by Trump but not yet affirmed by Beijing.

The big question whether China can deliver such a dramatic increase in agricultural purchases of $50 billion in 2020, double what it bought in 2017.

Remember folks, so far there still no official announcements from US & China yet. Careful now, folks!

Will Santa be around this Christmas or will the critical support level at 0.345 be tested soon? Hmmmm...Careful now, folks

Velesto shares have officially suffered a “correction” after raising from the low of 0.165 on 21/12/18 up to the high of 0.41 on 7/11/19 in less than a year, folks. That more than 100% uptrend.

Worst still an extra cut of 500k barrels a day (total now at 1.7m barrels per day) is bad news for O & G industry for Y2020 as this will contribute to:

-A lower production & exploration from Petronas
-A lower sales volume of crude oil from Petronas
-A lower revenue & profit from Petronas
-A lower percentage of contract to be tender out in year 2020 by Petronas
-On the other end of the spectrum, U.S. shale oil production is growing at a furious pace and is expected to follow the trend into 2020.


Has the lion lost its roar? So be extra careful now, folks! Critical support level now at 0.345.

Critical support now at 0.345 folks. Will it be breached by aggressive selling by foreign funds who are now repositioning into the country’s bond market?

Hmmmm careful now, folks!

An extra cut of 500k barrels a day (total 1.7m barrels) is bad news for O&G industry for Y2020 as this will contribute to:

-A lower production & exploration from Petronas
-A lower sales volume of crude oil from Petronas
-A lower revenue & profit from Petronas
-A lower percentage of contract to be tender out by Petronas
-On the other end of the spectrum, U.S. shale oil production is growing at a furious pace and is expected to follow the trend into 2020.

So be extra careful now, folks!

Velesto shares have officially suffered a “correction” after raising from 0.165 (21/12/18) up to 0.41 on 7/11/19 in less than a year, folks. That more than 100% uptrend.

Now the lion has lost its roar. Careful now, folks!

Lol...Keep in mind folks, the price is what you pay, and value is what you get...pay too high a price and returns are decimated.

Careful now, folks!

Lol..Careful now, folks!

Remember folks, the final month of 2018 was the worst December on Wall Street since the Great Depression.

No Santa Rally? Hmmmm..careful now, folks!

Fresh US tariffs on Argentina and Brazil as well as threatened duties on French goods also darkened the mood, as a trade war that appeared to be winding down a week ago now looks like ramping up.

Careful now, folks!