Important thing is naga 5 get contract in Jan, naga 3 get contract in mac and naga 8 on June.

Velesto price kena pummelled like it lost all it's contract.

One A-hole real pro.
Sell 100 shares at 0.155 at 12:29:59 just to make sure morning session closed red.

give shorties a short squeeze and can close 0.175 today.

stop blocking at 0.165 and close 0.17 today

Such a double edge sword for oil. Increase production, and increase exploration(good for velesto) but reduce oil price (bad for velesto.)

during trump administration 2016-2020. Oil price went up.
Plus, I don’t think trump allows oil price to come down and kill their oilfield in US.
Their per barrel price is not cheap to drill. For his donors sake, he has to make OPEC+ to keep the price up by capping production (which is bad for velesto) Now, the concern is if OPEC+ wanna bankrupt ONG by dropping the price again.

https://www.macrotrends.net/2480/brent-crude-oil-prices-10-year-daily-chart

Naga 2, 4, 6 recently completed SPS - contracted until Q1, 2026.
Naga 3 recently completed SPS - contracted until Nov,24. Not sure if there will be extension
Naga 5 Undergoing SPS
Naga 8 contract until Feb 2025 instead of Oct,25. Finish work early. (Can start SPS early)

Naga 2,3,4,6,8 generating revenue for Q4,24. Naga 2,4,6,8 for Q1,25. And Naga 2,4,6 for Q2,25
So look out for announcement for Q1,25 for Naga 3-5 tender and Q2,25 for Naga 8.

If got easily another RM1B revenue. Then we can expect to see 600-800mil in cash by end of Q4,25.

Quick Look on the book looks good.
PnL Statement - 09/24 - 09/23 RM'000
Revenue - RM 1,084,370 - RM 855,803
Finance Cost - RM29436 - RM34393 (Decrease RM5mil)
Profit After tax - RM152549 - RM32841 (Increase RM119m)

Balance Sheet
Inventories - RM112,765 - RM178709
Receivables - RM402739 - RM363490 (increased RM39mil)
Cash - RM198822 - RM132215 (increased RM67mil)
Current Asset - RM716770 - RM676299 (increase RM40mil)

Trade Payables - RM311578 - RM260202 (increased RM51mil)
Short Term Loan - RM62320 - RM114288 (decreased RM51mil)
Current Liabilities - RM397362 - RM384525 (no much)
Long term - RM161417 - RM244326 (decreased RM83mil)
Total Liabilities - RM561251 - RM632237 (decreased RM71mil)

Cash Flow
Depreciation and Amortization - RM188,330 - RM147672
Operating Profit RM412020 - RM223115 (increased RM188mil)
Cash Generated RM378864 - RM280344 (increased RM98mil)

Investing Cash RM147323 - RM107273 (increased RM40mil)

Repayment RM105120 - RM151372
Dividend 20539

The way I read the report, If Velesto use their RM192M cash pays off RM161M long term debt; All the nagas are free. And RM1,084,370,000 revenue, operating expenses RM866826 - RM 188,330, Cash generated is RM405m for every RM1b orderbook. By end Q4,2025, We should see at least RM600m in cash and free 6 nagas.

Macam nothing to do with Petronas also.
3.2 Information on Carigali Hess

Carigali Hess is a joint venture Oil and Gas company between PC JDA Limited, Hess Oil Company of Thailand Ltd. Co. and Hess Oil Company of Thailand (JDA) Ltd. Carigali Hess based in Kuala Lumpur, is engaged in gas production in Block A-18 of the Joint Development Area administered by the Malaysian-Thailand Joint Authority (MTJA).

___________________________________

For the First Time Velesto TOLD Petronas we are Not interested in your Contract if you keep paying Peanut.
Management should told Petronas one year Ago and spare me the agony of screaming Poor Management
( boot Licker )

Heavily manipulated. I think they already factored retailers psychology.

When uptrend, retailers can’t resist and buy high. When downtrend, retailer can’t hold and sell low.

If no one is buying, there won’t be 230mil shares transacted.

I think doesn’t matter. Retailer got no money and Funds not interested to buy high.
I suppose we need EPF to allow more withdrawal to stimulate the market.

this company sell story, MOU and LOI.
When i expose this company is a scam, it was 40 sen. Now left 4sen.

I wonder where are those fools that argued with me doing.

welcome to bursa de casino
——————————————-
Epseps
Never fail. Good QR yet price dropping
56 minutes ago

Agreed with Singor. Current QR mostly old pricing. Next QR should reflect new pricing.

Still try to figure out reason for sell down.

boleh tak simpan sikit kebodohan engkau ni.
Klu ko berhenti menyalak. Takde orang tau ko ni bodoh.

Yg bodoh, akan terus menyalak. Apa nak buat? 😂

Bodoh betul. Jawapan mudah pon tak boleh kasi. Menyalak je pandai.
Buang masa orang je.

ko jawab je la…Apa susah?

Uncle tengah ajar u simple math. Takde otak belajar ke.

This fella simple math and simple logic both can’t do. What else can he do?

let’s try this again…


RJ87
Uncle present you are very simple question that my 13 y.o nephew can answer.
Same USD100,000 per day charter rate, between 1USD = 4.8RM and 1USD = 4.3RM. Which gives you more in RM?

Lu banyak pandai. Sila answer.
———————————————————
Macgyver111
I know you're show off guy with tong sampah theory. Nevermind, cool no worries. We wait for velesto qtr report. Hahaha! Merajuk 😂🤣😂.

Aiyoyo. Why angry at me pointing out that you cannot solve simple mathematics?
You can’t solve is your problem ma. You should get angry at yourself for not studying last time ma.
—————————————————————-
Macgyver111
Ya kah...simple math tahi kucin ang. Your theory b...ullshiting man. You act like masuk bakul angkat diri sendiri...poooooodah!! Puiui pui otak udang mana tau...😂🤣😁
1 hour ago

Call me out but when asked simple form 1 math cannot answer want merajuk.
Puik puik puik

Not even theory le. It’s common sense. You don’t have?
————————————-
Macgyver111
I know you're show off guy with tong sampah theory. Nevermind, cool no worries. We wait for velesto qtr report. Hahaha! Merajuk 😂🤣😂.

Uncle present you are very simple question that my 13 y.o nephew can answer.
Same USD100,000 per day charter rate, between 1USD = 4.8RM and 1USD = 4.3RM. Which gives you more in RM?

I hope you don’t struggle with this. Because if you are, then don’t talk about the vast ocean.
Where you struggling to get past, is elementary school. No point talking about the vast ocean.

Depending on sector; strengthening and weakening of RM has it’s advantage.

But for typical commoner; they only know “Woah, 1USD is RM4.8 now. RM so useless”. but they forgot if they sell american the same 1USD, they get RM4.8 instead of RM3.3

Implication of strengthening USD; If u buy dollar, it cost you more. If u sell dollar, it earns u more.

Now with this understanding; fed cut interest will increase or reduce inflation? And if fed cut interest, USD is strengthen or weaken? And weaken dollar good or bad for velesto?

i think folks here have difficulty understanding the relationship between interest and currency exchange.

Here’s the relationship
1) fed increase interest; strengthen USD; reduce US liquidity; reduce inflation; velesto USD revenue translate to more revenue in rm.
2) fed reduce interest; weaken USD; increase US liquidity; might increase inflation; velesto USD trade receivables owed in USD might translate to forex gain.

After reading most comment of “investor” here, simple things like this don’t understand; it doesn’t matter what Rafizi do, what IB tp; market filled with aunty uncle will never realize tp price. Todays buzzword is Amazon and datacentre

wait israel hit iran oil refinery and price will go above 100usd a barrel

Pu-ki-mak Ambank issue call warrant VELESTO-C38 and then talk sh*it about Velesto. Very clever.

Just bite the bullet I guess.

whoever bought in the large volume exchange actually holding it. Interesting.

completely clueless…either press down to collect cheap ticket for specular good QR next month…
Or genuine concern of velesto’s prospect.

Else, it’s just battle of titans between sharks and giant squids.

Yesterday move, really hv to study what’s going on. Not very natural activity.

ini part of PNB plan or PNB no renew manipulators contract? That's why manipulator dumping.

eat rice eat porridge see you dy Velesto. Whacked another 200k shares at 0.235.
If short seller not buying back the position, means it's legit someone with shares selling.

Just not sure just to sell or just to press price.

Strange strange, if they want to take profit. They do quietly at high price.

Shakeup like this, with such big volume; really no idea what they upto. Battle of the giant. Someone taking on PNB manipulator. Big volume with no news no nothing.

Accidentally sapu another 500K shares at 0.250 let's see how next month QR.

sigh last time I enter both perdana and velesto at 21.5sen. Took profilt from perdana and buy velesto at 31.5sen.
This f*ckka stuck 25-30sen since making me missed all the opportunity at perdana.

As response to your polite reply, I shall apologise for inappropriate remarks.

I wouldn’t recommend using PE of industry as a whole as comparison. Say a new IPO will probably have far higher PE for their potential. E.g. 50sen for 0.005 annualised profit will put it at PE100 just solely on their prospect, but as the optimism of their earning potential subside, price will eventually fall back to normal valuation.

A more accurate valuation method will be comparing to its relatively similar peers in terms of market cap/earnings. e,g Mahsing. Mahsing making less profit with higher market cap at PE 20. If market values KSL 50% of how they value Mahsing will put KSL at PE10. There is almost 100% upside at current price.

Then question will become, how come market don’t value KSL the same as how they value Mahsing. That will open up different can of worms.
_______________________________
Alex_Kho
Hey @RJ87,

Totally my bad on that one – thanks for catching it! I had a typo in my previous post. What I meant was that if KSL's P/E ratio matches half the average P/E of its peers, not a 50% of the price.

So, here's the deal: If you buy 1,000 shares of KSL at RM1.84 (costing RM1,840) and KSL's P/E ratio rises to half the average of its peers, the projected stock price would be RM7.25 per share.

Still a pretty sweet deal and more than doubles your investment! Appreciate you pointing out the mistake.

Happy goreng guys.

No idea what kind of mathematics is this. Sounds more like Scam-matics.
———————————————
Suppose you buy 1,000 shares of KSL at the current price. KSL’s price is low compared to its earnings and other similar companies.
If you buy 1,000 shares of KSL at RM1.84 = RM1,840
If the price goes up by 50% (close the P/E gap) = RM7,250
That is more than double your money.

Shark also smart to choose counters. Only those they confident won’t turn to shit mcm serbadinamik.
This counter ada asset, ada cashflow, tak byk hutang. Apa mau takut? Question is will 10-20% range mau main.
20-25sen, 25-30, or 30-35sen. I think they most comfortable at 25-30sen. 15-20% every 1-1.5months.

this counter is heavily manipulated. Hv to learn to swim with the sharks to be successful.

1/3 hold long term, 1/3 play every 5% selldown buy and take profit every 5% up. Last 1/3 for > 25% drop to play next level.

1 year got 10-20 times 5% also can make 50-100 return. 5% each time. Don’t be greedy.

Buy more when down, sell when up. Leave half for long term

I was expecting 1sen good already without subsidy.

Seems like they recognizing eggs revenue

I always trust singor judgement…although estimate profit off abit..but I still trust u

Sell already don’t come back…geksim only later

last time/old timer time 1 lot - 1000 shares
current 1 lot - 100 shares

So u 800,000 shares either 800 big lots or 8000 small lots.

Anyway, like singor said, it’s pointless to tell anyone how much u have unless u just to brag.
Later singor come say I hold 2000-3000 big lots also haven’t make noise. Ur 800 big lots already holler here and there.
———————————————
Gentingbig
what bragging are you calling out at ??? i cut my losses at breakeven . i brought 800000 untis which is only equivalent to 80 lots right .

Just now witness around 5million sell queue evaporated when another big gun sapu 6-7million shares.
Now waiting manipulator to uncover the lid.

Alex Kho, only remaining question for you is what is a fair value to take profit?
P.S. I’m gonna discount 25% from whatever you say and take profit first.

This is good news. Lap sap with Rm8m profit can hv RM500m valuation.

Now KSL with RM100m profit, 10x Guacoland. Like this KSL mar at least RM4B valuation right? Still got 100% to go
————————-
speakup
https://theedgemalaysia.com/node/711394
More bad news

Mahsing 60m profit sits on RM3Billion market cap…

this counter is only RM1.9B at 100m profits. Given it’s landbank, completed hotels and malls, and inventories should easily put it at RM3-4B market cap for price of RM3/4.

Very safe and syndicates knows no matter price they goreng up or down, they will eventually win.

buy today expect up tomorrow. Better go genting. No need wait a day. 30seconds will know if u make 100% or lose 100%