I fully agreed with Calvin Tan Target Price RM1 for Velesto. If you look at the history at the end of year 2013 the market capitalization of Velesto was RM8.67 billon. I think Velesto can achieve it given it largest shareholder is PNB.
Many old uncle and unties who know nothing about Velesto as yet. So they might let go in ignorant just like those who sold Naim shares to me around 46 sen
Once some Big funds know the truth. Then sorry Loh
And please be reminded that though this is a heavyweight, PNB & ASB had acted in concert to underwrite the unsubscribed portion of the Rights issue, so this is definitely a cornered stock by the BIG BOYS. And now the time has come for these BIG BOYS to be marching in to claim glory for this GIANT again.
AND THESE ARE THE JOB AWARDS FOR VELESTO FROM 2018 TILL NOW
! CONTRACT EXTENSION FOR THE PROVISION OF JACK UP DRILLING RIG SERVICES FOR HESS EXPLORATION AND PRODUCTION MALAYSIA B.V.
USD38 MILLIONS or 38,000,000 x 4.09 = RM155.4 MILLIONS
2. AWARD OF CONTRACTS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 3 AND NAGA 5) FOR PETRONAS CARIGALI SDN BHD
USD10.8 Millions or 10,800,000 x 4.09 = RM44.17 MILLIONS
3.CONTRACT FOR THE PROVISION OF JACK UP DRILLING RIG SERVICES FOR SARAWAK SHELL BERHAD / SABAH SHELL PETROLEUM COMPANY LIMITED
USD25 Millions or 25,000,000 x 4.09 = RM102.250 MILLIONS
4. CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
USD31.038 Millions or 31,038,000 x 4.09 = RM126.94 MILLIONS
NOW LET'S SUM UP 4 JOB AWARDS
155.4 Millions 44.17 Mil 102.250 Mil 126.94 Mil
RM428.76 MILLIONS
SO KNOWN FIGURES IS ALREADY MORE THAN FOUR HUNDRED AND TWENTY MILLION RINGGIT!
AND MORE AWARDS WITH NO FIGURE DISCLOSED
5. UMBRELLA CONTRACT FOR THE PROVISION OF 460K DRILLING HYDRAULIC WORKOVER UNIT (HWU) FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT") (CONTRACT NO: CHO/2017/WELLS/1022 (B))
This is a 3 Year Contract (Sum not disclosed)
6. UMBRELLA CONTRACT FOR THE PROVISION OF 340K AND 460K HYDRAULIC WORKOVER UNIT FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT")
This is also a 3 Year Contract
But read again the details
The Contract is for the provision of HWU to undertake workover services for PETRONAS Carigali under an umbrella contract. It calls for the use of all or any of UWO’s five (5) HWU, namely UMW Gait 1, UMW Gait 2, UMW Gait 3, UMW Gait 5 and UMW Gait 6 to undertake workover services, which are services rendered in performing maintenance and/or remedial treatments on an oil or gas well.
There are 5 Workover Jobs instead of usual one. SO THIS IS QUITE A BIG JOB
If the First 4 Job Awards Garnered Rm428 Millions worth of Revenue or RM107 MILLIONS PER JOB AWARD AVERAGING -- WE CAN SAFELY DEDUCT THAT THE LAST 2 JOB AWARDS EASILY GARNER ANOTHER RM200 MILLIONS OR MORE
SO VELESTO ALREADY GOT 6 JOB AWARDS WITH OVER RM600 MILLIONS IN REVENUE IN THE BAG
AND GOING INTO YEAR 2019 WITH EVEN MUCH BRIGHTER PROSPECT DUE TO PETRONAS INCREASING OIL RIG COUNT BY 40% TO 93%
Today the last of those who got bonus umw og shares from UMW might be selling plus all stale holders
ONCE CLEARED VELESTO WILL CROSS 30 SEN AND NO LOOKING BACK FOR A VERY LONG TIME
WHAT YOU ALL SHOULD DO
1) BUY AS MUCH AS YOU CAN WHILE YOU CAN GET BELOW 30 SEN.
2) SELL OTHER OVERVALUED STOCKS LIKE DAYANG AND SWITCH TO VELESTO SELL MFLOUR AND SELL IFCA ALSO. SELL ALL OTHERS WHICH YOU THINK CANNOT GIVE YOU 100% PROFIT AND BUY VELESTO
3) SELL & CLEAR DEAD STOCKS (CUTLOSS NOW) BUY AND MAKE BACK FROM VELESTO
REMEMBER:
ONE POSITIVE POWERFUL BULL OF BULLS STOCK LIKE VELESTO WILL MAKE UP FOR YOUR OTHER LOSSES IN BAD STOCK!!!
again Rakuten Trade lousy system crash since early this morning, have to do transaction in other securities. This had happened few times when market is hot..last time during construction rally.. ayoo.. wTF this rakuten.
Holding this stock since last year, only second time in a year to go positive. Actually, the first chance was 1st open market after election until now. Might clear 50k units to make way for some capital if it hits 31 sens today. Regret not clearing some units back then, so as a matter of principle need to clear a quarter of my stake. But i still believe this company has tons of potential.
Woo, very high volume. Those calling you to buy, bought at below 20c @nd selling out now. Play with them but get out on time ....before they dump on you..
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....
263263
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Posted by 263263 > 2019-03-11 17:22 | Report Abuse
Gd sign