Posted by hzboi > 2024-05-15 10:39 | Report Abuse

Ok I tambah now. Hopefully sharks done collecting and this start to go up

Posted by Gentingbig > 2024-05-15 12:09 | Report Abuse

singor but notice seller now more then buyer now . although key in from morning .285 also yet to be done

Posted by jenabchen123 > 2024-05-16 08:32 | Report Abuse

Too long queue at 285. Just grab at 0.29 for not taking risk missing the predicted bull

Posted by Macgyver111 > 2024-05-17 19:21 | Report Abuse

Qtr around corner..going to burst soon. After the qtr believed more institutional join in (waiting for EPF). When we call buy @ 0.15, many newbies shouting...then velesto break 0.20 floor. Now we asked collect below 0.30, many shouting again said lousy stock..after break 0.30 NO return back...don't miss the boat.

Posted by Gentingbig > 2024-05-17 20:09 | Report Abuse

have been keeping this counter for almost 2 months. everyday also got volume but price stuck there from 0.27.5 to 0.29 every day. no doubt one day it will perform but with money stuck for months then have to say there are other profitable counter to trade

Posted by SinGor > 2024-05-18 18:22 | Report Abuse

Bull Run will certainly starts next week Before Q results---Main reason is Result is predictable ( i already said
last Qr ) Alot Bankers are just rubbing their hands to lay Bets ( Bankers are too conservative to be FOOLED )
I think this Run will last atleast One Month depending whether Foreign Funds are jumping in or Not----
In this Case, you will see Tsunami on Both Directions ( scary ---worst than Genting )

Posted by RJ87 > 2024-05-20 11:15 | Report Abuse

Just now witness around 5million sell queue evaporated when another big gun sapu 6-7million shares.
Now waiting manipulator to uncover the lid.

Posted by Lewis Lee > 2024-05-20 11:25 | Report Abuse

get ready for surprisingly good QR to be announced soon !!!!! 👍

Posted by hzboi > 2024-05-20 11:40 | Report Abuse

Unless big bank is suppressing price to collect more, crude have maintain mostly above 78-85 range, my guess is that QR should be good. Last dividend was peanuts, if they suddenly surprise another one… good chance 🆙

Posted by SinGor > 2024-05-20 11:41 | Report Abuse

as i said, buyers are not pasar malam shoppers-----they buy in millions

Posted by liferosak > 2024-05-20 11:42 | Report Abuse

so...tp..?

Posted by SinGor > 2024-05-20 11:45 | Report Abuse

donT look for Tp, just in-out for small profit---you cannot fight Mike Tyson---Billions FF returning for
Malaysia State Fund---now parking has nothing to do. People donT park Billion in Banks, everyday
interest in Hundred of thousand

Posted by hzboi > 2024-05-20 12:49 | Report Abuse

The main problem with Velesto is the lack of expansion. How are they going to grow more aside from their current rigs? But as long as oil is above $80, they can reduce their preexisting debt and increase in cash flow. My hope is that Velesto can find ways to expand and not just be a boring rig company.

Posted by SinGor > 2024-05-20 13:42 | Report Abuse

Daily charter rate is growing every Qr. How come you didnT see grow??? You want new ship to expand, you need RI and Bank Loan ( which Bank will loan you a New Ship, given Oil demand will keep falling after 10Years )
Velesto is harvest Hay when there is still SunShine

Posted by Gentingbig > 2024-05-20 22:11 | Report Abuse

i offload all of my 800000 lots at breakeven as fed up of waiting for 1 month without any rpogress at all. i brought at .275 when i notice foreign fund buying spree . anyway no regret as i switch counter to epicon and mbsb and uems . i can make money just within 2 days

Posted by Gentingbig > 2024-05-20 22:12 | Report Abuse

with so high volume today if will reload at .28 if i can

Posted by Macgyver111 > 2024-05-21 09:47 | Report Abuse

Wou! Genting should be filthy rich ho!..800,000 lots man.
New shareholder..

Posted by Ninja _07 > 2024-05-21 11:06 | Report Abuse

800,000 lots is 800,000,000 units. Then @Gentingbig must be the biggest shareholder. hahahahhaha

Posted by SinGor > 2024-05-21 11:13 | Report Abuse

Old timer like ME, One Lot is 1000----Genting with 800,000 Lots is SECOND velesto biggest shareholder---
No harm doing some Bragging Rights----Nobody Cares----Every Body for HIMself only

Posted by necessity > 2024-05-21 11:26 | Report Abuse

they(USA) keep pressing the price lower prior election till NOV..so i ll wait a lil bit till come to the right entry price.. its a patient game for me..

Posted by SinGor > 2024-05-21 11:59 | Report Abuse

looks like today will Closed at 0.30000

Posted by Gentingbig > 2024-05-21 12:18 | Report Abuse

what bragging are you calling out at ??? i cut my losses at breakeven . i brought 800000 untis which is only equivalent to 80 lots right .

Posted by Macgyver111 > 2024-05-21 15:14 | Report Abuse

Excellent qtr coming. Get ready..

Posted by junetan11 > 2024-05-21 15:47 | Report Abuse

maths not good, do investment will rugi or not?

Posted by TonyHandsMan > 2024-05-21 17:14 | Report Abuse

Last week to get below 0.30

Posted by RJ87 > 2024-05-21 19:14 | Report Abuse

last time/old timer time 1 lot - 1000 shares
current 1 lot - 100 shares

So u 800,000 shares either 800 big lots or 8000 small lots.

Anyway, like singor said, it’s pointless to tell anyone how much u have unless u just to brag.
Later singor come say I hold 2000-3000 big lots also haven’t make noise. Ur 800 big lots already holler here and there.
———————————————
Gentingbig
what bragging are you calling out at ??? i cut my losses at breakeven . i brought 800000 untis which is only equivalent to 80 lots right .

Posted by RJ87 > 2024-05-21 20:40 | Report Abuse

Sell already don’t come back…geksim only later

Posted by SinGor > 2024-05-22 15:01 | Report Abuse

Either Tomolo Or Friday Results Out----my guess is 5--15% Higher than Last Qr......But real Deal is 2 Qr results
due August ( much higher DayRate ) So I said Trading Volume will be much higher bcos Institution Buyers will Lock-in after this Qr result and Sell next Qr ( you will see massive promotion by Banks )

Posted by azfar8 > 2024-05-23 10:56 | Report Abuse

Still can add some more this VELESTO? bought at 0.265... because PERDANA is up 10% currently after positive quarter results.

Posted by hzboi > 2024-05-23 11:32 | Report Abuse

Ini kalilah. Kasi up

Posted by Macgyver111 > 2024-05-23 12:43 | Report Abuse

Perdana with 6mil profit can shot up to 0.40. I think Velesto can do better if upcoming qtr result exceed the preceding qtr. Good luck all.

Posted by SinGor > 2024-05-23 14:43 | Report Abuse

Interesting ---Perdana Hit 40cents----Although Velesto NOSH is 8 bil But many, many Real investor are trapped
above RM1.0 bcos previous goreng was RM4.0

Posted by azfar8 > 2024-05-23 14:53 | Report Abuse

If we always talk about past events, better not doing anything. why not mention topglove at the prime time almost RM30? it's better for them to close their business? As an investor, dont trapped in cognitive dissonance bias, look at the improved quarter results.

Posted by jenabchen123 > 2024-05-23 15:01 | Report Abuse

Vroooooommmmm! To 40 sen for immediate target

Posted by mistaFAD > 2024-05-23 15:29 | Report Abuse

Mcm mau hold lagi…hahaha sabar gais

Posted by Neoh10855 > 2024-05-23 16:58 | Report Abuse

...

Posted by Macgyver111 > 2024-05-23 18:16 | Report Abuse

Net profit 46.8mil.

Posted by jenabchen123 > 2024-05-23 19:18 | Report Abuse

Wow! Banyak tu to be shared with investor. Fat dividend is mari!

Posted by Macgyver111 > 2024-05-23 19:52 | Report Abuse

KUALA LUMPUR (May 23): Velesto Energy Bhd's (KL:VELESTO) first quarter net profit more than tripled year-on-year, driven by higher utilisation and average daily charter rates for jack-up rigs.

Net profit for the quarter ended March 31, 2024 (1QFY2024) rose to RM46.81 million or 0.57 sen per share, from RM14.22 million or 0.17 sen per share a year ago, according to the offshore drilling rigs and oilfield services provider.

The group, which is 41.7%-controlled by Permodalan Nasional Bhd, said revenue grew 18% to RM338.58 million from RM287.25 million in 1QFY2023.

“We expect overall global utilisation of jack-up rigs to remain strong for 2024/2025. However, the jack-up drilling rig market may experience uncertainty. The group is monitoring the current situation in the Middle East for its future bidding strategy, especially for mid-2026 onwards,” Velesto said in a stock exchange filing.

The group said its utilisation is expected to remain high in 2024, with all six of its jack-up drilling rigs contracted.

Three of Velesto’s jack-up rigs — NAGA 2, NAGA 4, and NAGA 6 — have been contracted until 1QFY2026, and NAGA 8 up to 4QFY2025. Meanwhile, NAGA 3 is contracted up to 4QFY2024 (inclusive of options) and NAGA 5 up to 3QFY2024.

“The group is actively bidding for new tenders for local and international contracts for activities to be performed in 2024, and up to 2026 and beyond,” it said.

“At least three of our rigs, namely NAGA 2, NAGA 5 and NAGA 6, are expected to commence their five-yearly Special Periodical Survey in 2QFY2024, 3QFY2024 and 4QFY2024 respectively,” it added.

Velesto said global and regional upstream oil and gas activities including in Southeast Asia continue its upward trend, with more exploration and development projects being evaluated, re-visited and sanctioned.

“Major oil producers continue to increase their capex (capital expenditure) in response to prolonged lack of investment in the past. In Southeast Asia, particularly Malaysia, a number of new contracts have been awarded with more being tendered out,” it said.

Shares of Velesto closed half a sen or 1.7% to 29.5 sen on Thursday, giving the group a market capitalisation of RM2.42 billion. The stock has climbed 29% year-to-date.

Posted by Lewis Lee > 2024-05-23 19:55 | Report Abuse

Tomorrow limit up ! Hopefully 🙏🙏

Posted by SinGor > 2024-05-23 20:30 | Report Abuse

I can only afford Bak Kut Tay tonight----Result---not full not hungry ( cukup makan only
Investment wise, PNB should be please---Expect about 200++mil per year ( next 2years )
One billion injection, Return in 4 years excluding Covid period

Posted by Six6thsense > 2024-05-23 20:36 | Report Abuse

Good not good not good good

Posted by SinGor > 2024-05-23 21:03 | Report Abuse

Really depends on who you Talk to----One Taiko says last year 7--9mil people started shouting. Now 46mil
you said just eat Bak Kut Tay

Posted by mistaFAD > 2024-05-23 21:32 | Report Abuse

Feel free to share tp tomorrow guys

Posted by Macgyver111 > 2024-05-23 22:01 | Report Abuse

Hahaha..as usual sindiket will off-load ( including some foreign IB)... or they might not. Sometimes this medium sharks bet on qtr to take quick profit. Good news is last profit and recently announced qtr profit, consider the highest profit since 2018...since PNB took over Velesto. This might give good coverage from press/IB.

Posted by Gentingbig > 2024-05-23 22:29 | Report Abuse

Honestly when those shark which happen to be foreign start collecting velesto its at .27cents so i jump in at .275 . i held it from 16th april till 17th may. i simply cannot wait anymore as everyday also got tips. i just dont understand volume traded so high everyday yet the price just stuck in the rug without any movement until today only!!

Posted by Gentingbig > 2024-05-23 22:31 | Report Abuse

i get rid of it all at almost break even .275 to .28 as i decide to cut my losses. tomorrow i will load some to recover my losses hoping it wont let me down again

Posted by jenabchen123 > 2024-05-24 06:15 | Report Abuse

Early bird first catches fatty worm today. Limit up highly likely? Vrooommm Velesto today!

Posted by hzboi > 2024-05-24 07:31 | Report Abuse

Triple revenue is great news!! Likely will still have a few more good quarters due to rigs being contracted till 2024. Unless we have another pandemic, oil prices should be relatively stable for a while. Traveling + inflation should help price to remain 70-80 range. Any war news from Middle East can trigger oil to go up. Malaysia is blessed to be in a conflict free region too. I will TP some today and hold some to invest long term. It helps to have a lower average + company have dividend now.

I await to hear news on 2025-2026 rig contracts before I decide to sell. I hope everyone that invest in this company will have a good day today!

Posted by azfar8 > 2024-05-24 08:28 | Report Abuse

Deym, i should have add more into this instead of spread capital in gloves yesterday. hopefully can get 0.30 cent or below today. already topup some peanut capital, this one is to be hold in years.