VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.16

Today's Change

-0.025 (13.51%)

Day's Change

0.145 - 0.19

Trading Volume

236,514,600


29 people like this.

24,374 comment(s). Last comment by RJ87 13 hours ago

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:48 | Report Abuse

Yes first time positive from now as Asb started buying 31 million Velesto shares

It will follow Naim rebound pattern up 100% first

Then will move on to Rm1.00

How far it can go back to it's all time high of Rm4.63 is yet to be seen

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:50 | Report Abuse

Remember these powerful factors

1. Velesto is now onced by Amanah Saham Bumi. Asb needs at least 10% gross profit in order to give 7 to 8% net dividend to Asb holders

2. Asb just bought 31 million Velesto shares this new year of 2019. That shows a good turning point

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:51 | Report Abuse

3. Velesto already got more than Rm600 millions job awards in it's bag since year 2018

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:53 | Report Abuse

This year velesto will get the lion share of upstream project

10 to 14 new oil rigs expected

Each oil rig cost from Usd200 millions each onward about rm800 millions or more each

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:56 | Report Abuse

5. Velesto recently marked down it's impairment of over Rm900 millions

And other losses

So it is starting on a clean slate

From now on it's balance sheet will be healthy

Today both sapnrg and Armada also run up

But both sapnrg and Armada are bogged down with huge debt of over Rm10 billions

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:58 | Report Abuse

6. Velesto small debt of less than rm2 billions are backed by real solid assets of about 10 oil rigs

And these are fairly new ones still in full productive use everyday

Almost 90% are gainfully employed with very high profit margin

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 13:59 | Report Abuse

7. Velesto by virtue of the only oil and gas company owning 460k or 460,000 lb rig is a total Monopoly

Monopoly is best because it has very strong pricing power

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 14:01 | Report Abuse

8. Petronas already indicated an increase of 30% investment for upstream from rm11.5 billions to Rm15 billions this year was due to it's 97% completion of downstream Rapid project

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 14:03 | Report Abuse

Rm13 billions chemical downstream investment in Lahat Datu and li ka shing rm500 millions investment in rapid for ultra large tankers refueling also point to a Very Very robust oil and gas industry like never before in Malaysia

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 14:04 | Report Abuse

Yesss this is it

Ini Kali lah

Missed Carimin at 39 seen?

Don't miss Velesto now

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 14:05 | Report Abuse

More yesss

Missed Dayang at 68 sen?

Dato Dayang now at 30.5 sen and very cheap

Better don't miss this time

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 14:07 | Report Abuse

Wahaha!!!

Missed Penergy at 70 sen?

Now go wallop Velesto kaw kaw at only 30.5 sen

30.5 sen for ex umw og?

Last time was rm4.63

Now cheaper by more than 90% at only 30.5 sen

SO DON'T MISS

EVEN THE BLIND CAN SEE

INI KALI LAH

GO LOAD UP KAW KAW!!

Posted by supergreat > 2019-03-12 14:37 | Report Abuse

after velesto , next will be sapnrg

moven00

729 posts

Posted by moven00 > 2019-03-12 14:42 | Report Abuse

Tiba2 ada banyak tp pulak...bahaya ni beb.

tah16600

2,646 posts

Posted by tah16600 > 2019-03-12 14:52 | Report Abuse

Not easy to move big elephant,
with floating shares ard 1.8 billion shares

cybergreen

2,203 posts

Posted by cybergreen > 2019-03-12 14:53 | Report Abuse

velesto will move faster than sapura energy? 32c to break sapura price.

Money122

982 posts

Posted by Money122 > 2019-03-12 15:08 | Report Abuse

I buy at 0.22 n waiting profit to continue

huathuat11

256 posts

Posted by huathuat11 > 2019-03-12 15:28 | Report Abuse

confirm goreng at 3.30pm?

huathuat11

256 posts

Posted by huathuat11 > 2019-03-12 15:28 | Report Abuse

2 more minutes

cybergreen

2,203 posts

Posted by cybergreen > 2019-03-12 15:30 | Report Abuse

lol throw down. Bye bye I took profits first. Thanks

John Lu

5,187 posts

Posted by John Lu > 2019-03-12 15:31 | Report Abuse

Follow sifu calvintaneng bought 500, 000

huathuat11

256 posts

Posted by huathuat11 > 2019-03-12 15:31 | Report Abuse

after 3.45pm then 4.00 pm then say again 4.15pm

小糖

65 posts

Posted by 小糖 > 2019-03-12 15:33 | Report Abuse

reverse goreng coming....gostan high speed

tah16600

2,646 posts

Posted by tah16600 > 2019-03-12 15:33 | Report Abuse

If uncle Koon not here I doubt this ctr can fly high .
8.6m/shares parking to sell now at 30sen Oooch!

ivan9511

3,854 posts

Posted by ivan9511 > 2019-03-12 15:37 | Report Abuse

lowest 0.165 now up to near 100%

seem Calvin counter recently all chun chun got
cariman mrcb masteel now this all chun chun
Calvin six senxe is coming back just follow what Calvin call buy better no need to think too much

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 15:38 | Report Abuse

Welcome John Lu

Welcome welcome

This Velesto will also go up like
Carimin
Dayang
Penergy
And Naim
And Pantech
And Prestar
And T7 Global. Just got project award x 2

All very good

Velesto the very best of the best

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 15:40 | Report Abuse

Supergreat

Velesto got very clean balance sheet while sapnrg got high debts

Velesto got Correct chun chun rig assets. Sapnrg got bank loans support

So go buy all in Velesto

Velesto is the One to buy!!

ivan9511

3,854 posts

Posted by ivan9511 > 2019-03-12 15:40 | Report Abuse

Calvin I feel Armada also best of the best
bc armada got job got projects got skill
only cashflow problem but the borad said will take it serious
if Armada back to normal road I feel also can up like vele and dyang

Posted by HuatlaiOnglai > 2019-03-12 15:40 | Report Abuse

Continue to Huat Kau Kau Velesto

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 15:44 | Report Abuse

Ivan9511

Petronas already mandated by Malaysia Govt to award projects in Malaysian waters to Only Malaysian Companies

So Armada being world player will be left out

Plus high debt drag it down

Velesto is free as a bird

AND will get lion shares of job awards

So Earnings Growth will show very very strongly in Velesto in coming months

Best course of action is sell armada. Sell sapnrg.

All SAPU velesto kaw kaw

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 15:55 |

Post removed.Why?

4444

1,800 posts

Posted by 4444 > 2019-03-12 16:03 | Report Abuse

Sell first. Wait below 28 buy back.

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-03-12 16:05 | Report Abuse

velesto will retrace back possible end this week after been up since below 23, so if you buy high dont all in

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 16:11 | Report Abuse

Haha

Don't simply contra for small profit

Those who play contra in Penergy around 65 sen to 75 sen suddenly saw the bull run away over RM1. 00

Once this Velesto crossed 32 or 33 sen you guys who sold short will miss the rest of bull run

Buy it back now and hold tight

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 16:13 | Report Abuse

I will post another few more articles on Velesto tonight
Tomorrow
And Thursday

Lots more things will come out to reveal this hidden gem

This Velesto is a real gold mine

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 16:15 | Report Abuse

Once everybody SEE the real value of Velesto all will go GaGa

AND once Fund Managers both local and foreign SEE the truth then no more cheap Velesto like now

cybergreen

2,203 posts

Posted by cybergreen > 2019-03-12 16:18 | Report Abuse

Thanks Calvin, we looking forward for your new article. Let support Velesto.

John Lu

5,187 posts

Posted by John Lu > 2019-03-12 16:20 | Report Abuse

Calvin sifu, tonight post Velesto article. Huat liao

cybergreen

2,203 posts

Posted by cybergreen > 2019-03-12 16:22 | Report Abuse

last 30 min..... now or never as what calvin said.

Avantador

201 posts

Posted by Avantador > 2019-03-12 16:34 | Report Abuse

I'm already all in on Velesto !

huathuat11

256 posts

Posted by huathuat11 > 2019-03-12 16:36 | Report Abuse

what contract?

Ron90

4,127 posts

Posted by Ron90 > 2019-03-12 16:39 | Report Abuse

one thing that i hate about this Bursa electronic matching computer..if the stock fly high...they will closed it few cents lower..vice versa..damn!.. con people at Bursa

cybergreen

2,203 posts

Posted by cybergreen > 2019-03-12 16:39 | Report Abuse

left 20 min.gogogo.

Posted by Tian Sen Tester > 2019-03-12 16:40 | Report Abuse

Calvin do yo think that 30.5 is still reasonable and worth entering?

cybergreen

2,203 posts

Posted by cybergreen > 2019-03-12 16:41 | Report Abuse

today yes. tmr maybe cant get the 30.5c

Mar2083

877 posts

Posted by Mar2083 > 2019-03-12 16:43 | Report Abuse

Closing may 30sen

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 16:44 | Report Abuse

JUST BUY FIRST WHILE CHEAP

PRICE NOW STILL DIRT CHEAP

ONE DAY AFTER IT CROSSED RM1.00 THEN ONLY KNOW

calvintaneng

56,709 posts

Posted by calvintaneng > 2019-03-12 16:45 | Report Abuse

VELESTO

VERY GOOD LET US TOGETHER GO BUY UP KAW KAW NOW!!!

John Lu

5,187 posts

Posted by John Lu > 2019-03-12 16:46 | Report Abuse

I already sapu so much.. U all please tolong sapu

Posted by Tian Sen Tester > 2019-03-12 16:49 | Report Abuse

I'm still stranded with a few hundred lots of 34 cents share puzzled of weather to top up

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