Posted by SuperPanda > Aug 14, 2019 5:55 PM | Report Abuse qr will not be so good in term of profit (maybe 5m or less) but for sure will be better on qoq and yoy
Wow, thanks for highlighting. Another 32 million into the next next financial result.
Date : 04 September 2019
OTHERS CONTRACT FOR THE PROVISION OF DRILLING RIG SERVICES FOR PETRONAS CARIGALI SDN. BHD. DRILLING PROGRAMME
Type Announcement Subject OTHERS Description CONTRACT FOR THE PROVISION OF DRILLING RIG SERVICES FOR PETRONAS CARIGALI SDN. BHD. DRILLING PROGRAMME
2. DETAILS
The Contract is for the provision of Drilling Rig Services for PCSB’s drilling programme, whereby VEB Group will assign its NAGA 7.
The Contract is to drill two (2) firm wells with estimated contract value of USD8 million and expected commencement date in Quarter 3 2019.
4. FINANCIAL EFFECTS
The provision of the abovementioned services is expected to contribute positively towards the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2019.
Velesto sure move cos more well drillings to come fast 35-45 cents by end Feb 2020, next 2 qtrs profits will be between 20 to 40 m per qtr Those can't wait pls sell tomorrow & go invest in FD. No need to cry everyday why cannot move, Time period is until end Feb 2020 . If cannot go there means world or oil markets have crashed.
don't know why Vol. is so big on Friday. Maybe Epf Buys Amanah 27mil shares disposed on 19 Sep. ESOS scheme has No effect ( not approved by Bursa yet )on Trading Vol bcos employees usually buy very small Vol. maybe 10K or less .....one time
If u have this share u must be on top of the news flow. A few days ago there was off market transaction of 27m n later Amanah made the Bursa Announcement. This means Amanah did not sell it at open mkt. Hence open mkt volume on 27m not affected. This huge volume is done by big players excluding the top shareholders (5% or more) who have to disclose their trades.
Read Petronas news today on rig utilisation & demand. Velesto eventually have to move cos future quarterly results will be better based on their rig utilisations, higher charter rates, Petronas absorption of mobilisation & demobilisation costs, other equipment demand, wellhead decommissioning jobs etc.
That's why my target price is between 35-45 Sen by end Feb 2020 as next two quarterly results will be known provided oil and/or US markets don't crash.
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....
Surewind
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Posted by Surewind > 2019-09-03 09:21 | Report Abuse
4 million share pump, 0.32 already. Looks good!