Posted by Macgyver111 > 2024-05-31 10:52 | Report Abuse

Collect collect. This is last round they give you chance to collect cheap cheap...once engine start you won't get it.😁. Investment mesti mahu berani. Like Warren Buffet once said "be fearful when others are greedy and to be greedy only when others are fearful"

Posted by Neoh10855 > 2024-05-31 11:39 | Report Abuse

I will collect more when drop to below 10 cent..

Posted by hzboi > 2024-05-31 12:15 | Report Abuse

Long term velesto investor is numb to this. a company that will let you down but enough to give you hope at the same time. I don't know if this is dumping... my guess is a change of hands with shares potentially new shark to emerge.

Posted by Gentingbig > 2024-05-31 12:20 | Report Abuse

THIS COUNTER never fail to disappoint me always i jump in and i have to wait and wait until i cut loss at breakeven. this is the 3rd round. blady shit counter

Posted by azfar8 > 2024-05-31 12:20 | Report Abuse

Haha, to be frank, I dont have enough bullet to collect some more, and it's already paper loss on me, but I'll just hold onto it as i am really intended to hold it a bit longer.

Posted by Neoh10855 > 2024-05-31 12:27 | Report Abuse

Haha.. 260 coming 😆

Posted by hzboi > 2024-05-31 12:28 | Report Abuse

azfar8, i also have no more ammo. but my average is low enough to not have to worry about it...yet... I do think a lot about to not taking profit at 0.31 few weeks ago. At least I got a just little bit of dividend last week.

Posted by Macgyver111 > 2024-05-31 12:34 | Report Abuse

New shark...EPF.

Posted by Macgyver111 > 2024-05-31 12:37 | Report Abuse

It won't go below 0.26 or worse case 0.25..reffering past trend before move up.

Posted by Neoh10855 > 2024-05-31 12:41 | Report Abuse

Kumpulan wang persara? This is old shark holding 51.65mil of shares.

Posted by Neoh10855 > 2024-05-31 12:52 | Report Abuse

Urusharta jamaah, Permodalan Nasional, State Street Global Advisol, America Century investment, Fidelity international, Chee Keong Chow.. These big shark sold alot.. 😳WHY? Velesto so Good 😮‍💨

Posted by Neoh10855 > 2024-05-31 12:55 | Report Abuse

Percentage Sold more than bought 😆no wonder

Posted by hzboi > 2024-05-31 13:27 | Report Abuse

Neoh you do realize every share sale is to a buyer that absorbs the cost at a lower price right? it's all about perspective.

Posted by Neoh10855 > 2024-05-31 13:30 | Report Abuse

I don't know so much.. I just care about share price UP and down..

Posted by RJ87 > 2024-05-31 14:30 | Report Abuse

Buy more when down, sell when up. Leave half for long term

Posted by xcraft > 2024-05-31 14:36 | Report Abuse

Oversold

Posted by RJ87 > 2024-05-31 14:59 | Report Abuse

this counter is heavily manipulated. Hv to learn to swim with the sharks to be successful.

1/3 hold long term, 1/3 play every 5% selldown buy and take profit every 5% up. Last 1/3 for > 25% drop to play next level.

1 year got 10-20 times 5% also can make 50-100 return. 5% each time. Don’t be greedy.

Posted by RJ87 > 2024-05-31 15:03 | Report Abuse

Shark also smart to choose counters. Only those they confident won’t turn to shit mcm serbadinamik.
This counter ada asset, ada cashflow, tak byk hutang. Apa mau takut? Question is will 10-20% range mau main.
20-25sen, 25-30, or 30-35sen. I think they most comfortable at 25-30sen. 15-20% every 1-1.5months.

Posted by Neoh10855 > 2024-05-31 15:21 | Report Abuse

Can't buy now.. Too heavy selling volume

Posted by Neoh10855 > 2024-05-31 17:02 | Report Abuse

Rm16 mil sold below 270..knn Good QR

Posted by azfar8 > 2024-05-31 17:08 | Report Abuse

hzboi, i am also thinking the same, why didnt i sold, but think back, earlier, there was a nice movement, so i am thinking if i can get what they called as fat tails. but, of course there will be up and down, as long as i didnt put all in in this counter, it shouldnt pose big threat, given the market conditions this week, it's normal, i think.

Posted by GrowingRich > 2024-06-02 00:51 | Report Abuse

Gentingbig:

"THIS COUNTER never fail to disappoint me always i jump in and i have to wait and wait until i cut loss at breakeven. this is the 3rd round. blady shit counter"

ha ha ha🤣

maybe 7th time lucky eh?

Posted by jacintateh > 2024-06-02 21:08 | Report Abuse

Same same la I also experience all this shit.

Posted by hzboi > 2024-06-03 11:37 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/06/03/velesto-seeks-to-be-more-asset-light-this-year

Posted by hzboi > 2024-06-03 11:42 | Report Abuse

“The company also has no intention to add more drilling assets but plans to be more asset light and to move into production services that are more resilient to the cyclical nature of the industry,” the brokerage noted.

The company at the same time is exploring opportunities, either through mergers and acquisitions, partnerships or joint ventures, but has not determined any target, the research house noted.

1) Personally I like that its diversifying more to production service and going light in asset. For one it's a more reliable source of income.
2) Merger/Acquisition/Partnership/Join ventures? I hope its a change of hands with the recent volume but no movement...

Posted by Macgyver111 > 2024-06-03 12:30 | Report Abuse

This is good news indeed. This laterally means they look to double their revenue and income without owning large drilling assets...easy, profitable money. JV with other deepwater drilling companies that owned vessel without spending huge budgets in this uncertain fossil fuels business. Nevertheless they got Petroleum National authorized license and very good reputation with Petronas...smart way. They will bid the contracts and pass it contract drillers. Same concept with Petronas.

Posted by Macgyver111 > 2024-06-03 12:32 | Report Abuse

Velesto ...Syarikat Petroleum Nasional kedua 😂😁😀

Posted by Macgyver111 > 2024-06-03 12:40 | Report Abuse

Management has strong future planning. That's why they are confident and willing to give shares (ESOS) to their downline staff (and also dividend)

Posted by Macgyver111 > 2024-06-03 12:46 | Report Abuse

I believe the share price will limit up once the JV agreement materializes. Patience is the key.

Posted by SinGor > 2024-06-03 18:18 | Report Abuse

The only Biz Velesto can venture into without spending money on Expensive Rigs is Carbon Dumping back
into "Old Drilled Oil pipe line "----Liquid Carbon Dioxide Captured from Atmosphere are pumped back into
and "stored underGround "-----It will be good Biz in 5--7 years Time---Malaysia allows CO2 dumping into Old
pipes underGround-----Carbon Trading has Not take off but sooner or later---Velesto can Sell Dumped CO2
to EU and USA ( signed pack ) So far India and China has not signed the International Agreement but it will
cost these Countries alot money if Worldwide inposed sanction on them

Posted by Macgyver111 > 2024-06-04 22:25 | Report Abuse

Brent moving towards downtrend..hopefully recover back tonight.

Posted by jenabchen123 > 2024-06-04 23:07 | Report Abuse

No worry on this temporary set back. As their income is locked for the next 2 years.

Posted by raymondroy > 2024-06-05 03:05 | Report Abuse

velesto : EPS 0.57 and share price 0.265; while bumi armada : EPS4.06 and share price 0.57...... annualised PER of 11.6x VS 3.5x ....... which is better ??? Wasco also same boat with bumi.... PER 3.6x

Posted by Macgyver111 > 2024-06-05 15:43 | Report Abuse

They put max pressure to contra/weak players. Weak out strong remain. Those got holding power will win the battle eventually..sabar

Posted by azfar8 > 2024-06-05 17:48 | Report Abuse

Okay, I hold it

Posted by TonyHandsMan > 2024-06-06 14:53 | Report Abuse

patience will be paying off....

Posted by SinGor > 2024-06-06 15:08 | Report Abuse

raymondroy
velesto : EPS 0.57 and share price 0.265; while bumi armada : EPS4.06 and share price 0.57...... annualised PER of 11.6x VS 3.5x ....... which is better ??? Wasco also same boat with bumi.... PER 3.6x
__________________________

Hello Dear, you are comparing---A Hen, A Duck and a Goose----All walk different style----Velesto ( Jack-Up }
Armada ( FPSO ) Wasco ( wrapping steel pipes )

Posted by SinGor > 2024-06-06 15:21 | Report Abuse

Chicken rice is cheaper than Roast Duck Rice and as for Roast Goose Rice, you can only get in HongKong

Posted by Macgyver111 > 2024-06-06 15:59 | Report Abuse

This is interesting. As velesto seek for asset light this year, they also mentioned this during press conference...

"In a filing with Bursa Malaysia following its latest financial results announced last month, Velesto said it expects the overall global utilisation of jack-up rigs to remain strong for 2024 and 2025.

“However, the jack-up drilling rig market may experience uncertainty. The company is monitoring the current situation in the Middle East for its future bidding strategy, especially for mid-2026 onwards,” it said.

If we compared DC rate in between Petronas and middle East, there's huge difference.

Posted by Macgyver111 > 2024-06-06 16:08 | Report Abuse

This comes after our PM recent visit to Saudi. This is our PM statement during press conference...


"We have also requested that they (Saudi Arabia) take a look at our capable companies not only in investments but also for them (to be given opportunities to secure) development, construction and information technology contracts in Saudi Arabia.
"This means being given present opportunities – for example, large projects in Neom. It seems that Malaysia is being considered. That's why I am of the view that personal support from foreign leaders is vital for them to pay attention to Malaysia," Anwar said during the programme.

Some doubt running in my mind..are Saudi going hired Velesto rigs (after suspended USA rigs services)

Posted by Macgyver111 > 2024-06-06 16:23 | Report Abuse

If they really looking at Middle East for future bidding...what about rigs services for Petronas?

Solution: Tendered contract to other drilling service provider, like deep water drilling project (JV) that they announcement recently and etc.

Just my guessing..😀

Posted by Macgyver111 > 2024-06-06 16:27 | Report Abuse

It seems to me that they are looking for a way to expand their business to the next level.

Posted by Macgyver111 > 2024-06-06 16:33 | Report Abuse

They know...It's not always possible to depend on Petronas, but they should not neglect them either.

Posted by SinGor > 2024-06-06 21:11 | Report Abuse

https://oilprice.com/Energy/Energy-General/The-Asia-Pacific-Region-Is-Emerging-as-a-Carbon-Capture-and-Storage-Hub.html
_____________________________

This is Velesto Big Biz

Posted by serbatipu > 2024-06-07 16:43 | Report Abuse

Qr good but price not moving, sien

Posted by Macgyver111 > 2024-06-08 00:08 | Report Abuse

Petronas’ unit inks deal to certify CO2 storage sites for local CCS projects:: https://theedgemalaysia.com/node/714604

I think not Velesto day. Petronas just inked agreement with DNV for CCS project.

Posted by SinGor > 2024-06-08 10:21 | Report Abuse

DNV has a solution to pump CO2 into storage so they got the Management Job---But the Hard part is how to
physically pump CO2 underground requires Platform, transportation, and strong pumps to push CO2 into
Ground storage----Only Velesto and SAP has this type of Equipment in Malaysia water

Posted by 911GT4 > 2024-06-08 23:57 | Report Abuse

https://www.youtube.com/watch?v=wt9prrpRfHk

Posted by Ninja _07 > 2024-06-10 17:13 | Report Abuse

Nice closing today 😁

Posted by Gentingbig > 2024-06-10 17:33 | Report Abuse

aiyah this counter sleeping for so long lah . its long long due but also dont be happy always just up 2 cents then down 3 cents.