It appears she has U-turn to uptrend. It is really a steal at this current price of 0.355 consider her peak was trading @4.52 high 5 years ago. Many insiders were acquired her shares in big wave. If it can go up by 2 times of its peak price, many will be laughing to the bank.
If today 109mil Buyers hold-on to their shares tomolo-----0.370 is possible (don't have to wait until Fri) But Fri is always a No-Brain Day----anything can happen----Operator must be Strong
Amanahraya sold 50 mil unit at an average of 33 cents at 18/10 but now buy back 50 mil unit at an average of 35 cent at 23/10. Certainly the kny know something that we don't
Read between the Lines. Why PNB lost 6.3Bil?-----Bcos they "cannot Goreng" their Bursa Stocks due to PH taking over from BN----Now they start to Goreng Velesto, we are in for RM1.0 in 2020
Velesto Energy Bhd is aiming for a turnaround by the end of this year based on its projection of better utilisation rate from the recovery in the oil and gas industry, said president and executive director Rohaizad Darus.
Velesto narrowed its losses from RM1.18 billion for the year ended 31 December 2016 to RM20.44 million for the year ended 31 December 2018.
Check b before armada flying, EPF slowing accumulate b the shares. Same thing happen to Velesto. Once operators n bankers collected enough tickets, counter will be true rally
VELESTO Energy Bhd’s latest drilling contract is expected to help the company achieve its 80% utilisation target while providing earnings visibility for the year.
The upstream oil and gas drilling service provider secured a US$8 million (RM33.5 million) contract from Petronas Carigali Sdn Bhd via its indirect wholly owned unit, Velesto Drilling Sdn Bhd.
Expected to commence in the third quarter of this year (3Q19), the contract is to drill two firm wells whereby the group will assign its Naga 7 drilling rig for the works.
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....
freddiehero
16,722 posts
Posted by freddiehero > 2019-10-23 13:26 | Report Abuse
haha all huat huat..