Board of Directors of VEB wishes to announce that Velesto Drilling Sdn Bhd (“VED”) (formerly known as UMW Offshore Drilling Sdn Bhd), a wholly-owned subsidiary within VEB Group of Companies, has today received notification on the Final Award (“Award”) from Singapore International Arbitration Centre ("SIAC") Arbitration no. 071 of 2015 dated 12 day of July 2018, in the matter of an Arbitration under the Arbitration Rules of the SIAC (5th edition, 1 April 2013) between VED (“Claimant”) and Frontier Oil Corporation (“Respondent”), whereby the Award is in favour of VED
This is finally the tipping point for Velesto. The favorable court judgement plus new contracts and new contract rates impending. A short window to collect at 30sen.
There are big-boys playing -----buy/sell in 8-10millions shares ( 1 cents margin cannot made money) Last 5-6 days, Vol done whole day around 10million only----Today one sell / buy level already 8million
---- I put 2 million on sell, immediately matching "buy order" ---one cent down appears ( just testing water, no intention to Deal )
Which mean left hand sell to right hand ..like that? I thought it is a good sign if the volume is high..could b sokething brewing..so it cn be a bad sign too?
leave this stock go to TM, going to reach TP 4.00 by this weed everyone make profit today... i already dump out this stock yesterday n jumpa to TM this mrng...
with uncertainty of oil prices in coming future (as Saudi had declared to tame the prices coming 2019), guess Velesto will more likely to move sideway for some while.
There are about 2 billion shares in retailers hand after Right issue so it is better to hold at one position to let those weak holders to unload first ( now should be 10 months after RI)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
PanjiAlam55
886 posts
Posted by PanjiAlam55 > 2018-07-17 19:17 | Report Abuse
sold all today, wait to long no move...