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Last Price Today's Change   Day's Range   Trading Volume
0.22   -0.005 (2.22%)  0.22 - 0.23  6,875,200
10,896 comment(s). Last comment by Mar2083 at Feb 15, 2019 06:30 AM
 20 people like this.
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13 posts

Posted by azmini > Dec 19, 2018 09:59 AM | Report Abuse

Going to south..

363 posts

Posted by Jaden > Dec 19, 2018 10:59 AM | Report Abuse

Dis company no project.. salary & director fees jalan.. hehe

128 posts

Posted by 888newbie > Dec 19, 2018 02:38 PM | Report Abuse

Those who are switching to Sapura should take a look at the directors pay.

363 posts

Posted by Jaden > Dec 19, 2018 06:17 PM | Report Abuse

If jatuh like Sumatec or Perisai.. I pengsan

193 posts

Posted by Rowie > Dec 19, 2018 06:56 PM | Report Abuse

I pengsan already

272 posts

Posted by offshore > Dec 19, 2018 11:57 PM | Report Abuse

If the company gets full utilization, it can probably ngam ngam breakeven based on today's DCR, without full utilization, what do you expect? Funny is analysts still asking us to buy but their target price keeps dropping.

606 posts

Posted by ZEPAN > Dec 20, 2018 05:14 AM | Report Abuse

Posted by 888newbie > Dec 19, 2018 02:38 PM | Report Abuse

Those who are switching to Sapura should take a look at the directors pay.

absolute ridiculous pay in hundreds of million ringgit. even Genting directors and MD don't get even 10% of what these directors and MD of Sapura are getting ..I guess only the stupid people follow and buy this counter while the directors laugh all the way to the banks.

13 posts

Posted by azmini > Dec 21, 2018 08:32 AM | Report Abuse

Dear Sifus..Any hope for this counter ?

12 posts

Posted by steven_c > Dec 21, 2018 10:15 AM | Report Abuse

Hi Azmini, I am not a sifu here ya? Rather i am just an ordinary shareholder to Velesto trying to find out if there're any leads to this counter. I am also very concerned as you are as i invested in Velesto trusting the management to do a turnaround after the restructuring and rights issue exercise. However, my concerns starts to turn into anxiety when the price dropped to 18cents a share. Sigh... However external feelings aside, I noted their latest quarter report is showing some improvement by narrowing their losses. Another bright side is Petronas has just revealed their activity outlook for 2019 in which they may require 16-18 jack-up rigs to increase production. It is definitely going to be a positive news to Velesto. I am expecting Velesto to work harder to increase their Jack-up rigs utilization rates. The opportunity is given by Petronas now. However, looking at the price of oil now, i will imagine their future operating margin may be squeezed as well. My opinion to this is, if i am already invested (sitting on paper losses now), i must as well hold for the long term waiting for the price of oil to recover to at least USD$75-80 per barrel to see a handsome operating profits for Velesto.

Just my 2 sen thoughts, and yes, i am sitting on paper losses now.

2018 posts

Posted by signalmw > Dec 21, 2018 10:31 AM | Report Abuse



13 posts

Posted by azmini > Dec 21, 2018 12:15 PM | Report Abuse

Thanks a lot steven_c.

279 posts

Posted by Shareview123 > Dec 21, 2018 03:09 PM | Report Abuse

Velesto , Hibiscs , Dnex , Sapnrg all making u turn , going up .

475 posts

Posted by mikeann > Dec 21, 2018 07:47 PM | Report Abuse

Stock grossly oversold. Rebound imminent. First resistance at 0.20

78 posts

Posted by johnbrooks > Dec 25, 2018 07:24 AM | Report Abuse

Based on people's comments, at best velesto can only make small profit even at almost 100% utilisation rate. Mainly becos the charter rate is low at the moment. Even if oil price recover back to $70/bl, charter rates would still not rise much. Then why are investors still buying or holding to this stock? Why not look elsewhere?

Airline Bobby
101 posts

Posted by Airline Bobby > Dec 26, 2018 09:48 PM | Report Abuse

Pnb will do something. They own it.

17460 posts

Posted by paperplane > Dec 26, 2018 10:03 PM | Report Abuse

Use pnb investor money to bailout, wtf

272 posts

Posted by offshore > Dec 27, 2018 09:04 AM | Report Abuse

In reality, this company is owned by its financiers. There is only so much PNB can do. Now the price is so cheap, PNB should be able to easily take it private. Why don't they do that? The contracts won by this company are also mostly short term. Due to that, there will always a short idling period before restarting another contract with another client. It's going to be difficult to achieve full utilization. Even a single day without revenue is a significant amount.

James Ng
800 posts

Posted by James Ng > Dec 29, 2018 11:20 AM | Report Abuse

[转贴] [VELESTO ENERGY BERHAD:新的钻探合同数量有所增加,集团正在积极竞标和谈判新合同以取代即将到期的合同,通过出售及关闭没贡献的附属公司] - James的股票投资James Share Investing

567 posts

Posted by Money122 > Dec 30, 2018 02:51 AM | Report Abuse

1. Velesto Energy Bhd

Formerly known as UMW Oil & Gas Corp Bhd before its rebranding in May, Velesto Energy Bhd failed to reach an expected turnaround by the end of its financial year ending Dec 31, 2018 (FY18) on lower utilisation of its rigs.

The stock was picked on expectations that its utilisation rate would register at 80% in FY18, but it had fallen to 75% in the third quarter of the year.

The group’s share price, which shot up to a one-year high of 46 sen on Jan 8, declined throughout the year to an all-time low of 17.5 sen per share on Dec 20.

The stock closed down 0.5 sen or 2.78% to 17.5 sen yesterday, leaving the group with a RM1.44 billion market value.

Although the group recorded a net profit of RM5 million in its first quarter of 2018 (1QFY18), it fell back into the red in the following two quarters, resulting in a net loss of RM32.6 million over the nine-month period ended Sept 30, 2018 (9MFY18).

Revenue has also underperformed in 9MFY18, down 2.73% to RM383.9 million versus RM394.7 million a year ago.

In October, Velesto president and executive director Rohaizad Darus told The Edge Malaysia weekly that he believes the worst is over for the company as it had cleaned up its balance sheet and is bidding for some US$500 million worth of jobs.

Analysts seem to agree as the counter is still favoured as a “buy” recommendation by five out of seven analysts with an eye on the stock. According to Bloomberg data, the consensus 12-month target price is 30 sen.

“With an improving outlook over the next 12 months, any short-term weakness in share price is an opportunity to accumulate,” said Maybank Kim Eng in a Nov 2018 report on Velesto.

56 posts

Posted by HuatlaiOnglai > Jan 1, 2019 09:50 PM | Report Abuse

Many thing have change in Dec from Nov. With lower oil price it’ll push petronas to relook at their 2019 plan. Petronas plan for 2019 is based on Brent at 66/tong.

595 posts

Posted by newbie911 > Jan 5, 2019 08:37 AM | Report Abuse

Right issue 0.3....now 0 .175.
Who subcribe it, bang head ?

272 posts

Posted by offshore > Jan 7, 2019 09:46 AM | Report Abuse

I know many people subscribed because subscribers got warrants as sweetener. I wonder if the warrant has any value now.

842 posts

Posted by ampabella > Jan 9, 2019 09:51 PM | Report Abuse

bang head, bang ball, bang Wall, bang everything, this is velesto

56 posts

Posted by HuatlaiOnglai > Jan 10, 2019 11:40 AM | Report Abuse

Impressive. Can it sustain? Need more good news to drive price up.

226 posts

Posted by kenie > Jan 10, 2019 04:37 PM | Report Abuse

Problem malaysia oil gas company.

128 posts

Posted by 888newbie > Jan 10, 2019 04:37 PM | Report Abuse

CNY party started. Get ready to sell at 0.30

12 posts

Posted by 286210 > Jan 10, 2019 05:01 PM | Report Abuse

Yeah CNY party.. Brent crude up again, now passed USD60. OPEC will implement production cut by Q2 this year?

66 posts

Posted by Huatexpert > Jan 10, 2019 05:57 PM | Report Abuse

Velesto active, up 8.11% on positive technicals
On the way towards 0.30


1 post

Posted by iamkkk > Jan 11, 2019 11:49 AM | Report Abuse

Possible to reach 0.30 before CNY ? Feel hopeless about this company.

567 posts

Posted by Money122 > Jan 14, 2019 12:37 AM | Report Abuse


40 posts

Posted by digi_three > Jan 14, 2019 12:37 PM | Report Abuse

Velesto warrant shoots up 0.215 today from 0.005?? why mother share still at 0.21 ??

567 posts

Posted by Money122 > Jan 15, 2019 02:56 AM | Report Abuse

Son up; mother will up too soon?

272 posts

Posted by offshore > Jan 17, 2019 09:25 AM | Report Abuse

Up? Q4 announcement coming soon. I wonder if there will be impairment again. After so much impairment year after year and debt restructuring, still having quarterly losses. I guess when the management said they will be cash flow positive, this is on the premise if they can achieve 100% utilization.

101 posts

Posted by Surewind > Jan 17, 2019 09:31 AM | Report Abuse

I honestly think some one accidentally bought warrant instead of mother. It was for 100 lot not much ringgit, but still an expensive mistake.

Lewis Lee
801 posts

Posted by Lewis Lee > Jan 17, 2019 05:13 PM | Report Abuse

cold eyes recently recommend oil & gas counters, hope for the best !!
Hopefully Cold Eyes will accumulate Velesto !!

57 posts

Posted by Mar2083 > Jan 18, 2019 03:12 PM | Report Abuse

Why sedden up?

234 posts

Posted by cwsupporter > Jan 18, 2019 03:14 PM | Report Abuse

can try ELKDESA-LA

35 posts

Posted by NaasifBaik > Jan 18, 2019 04:59 PM | Report Abuse

got news on velesto?

41 posts

Posted by neverlose > Jan 18, 2019 05:30 PM | Report Abuse

will check out elkdesa-la

698 posts

Posted by matg > Jan 26, 2019 11:51 AM |

Post removed. Why?

6 posts

Posted by Leverage > Feb 12, 2019 08:41 PM | Report Abuse

Velesto Energy bags US$38m contract extension for North Malay Basin


13 posts

Posted by 100000668624314 > Feb 13, 2019 10:08 AM | Report Abuse

up today ... hope is always there

10 posts

Posted by OngOngMou > Feb 13, 2019 10:08 AM | Report Abuse

Velesto got good news

25 posts

Posted by H12345 > Feb 13, 2019 10:26 AM | Report Abuse

Drilling activities are picking up so they should get more jobs, the question is how well the jobs are managed, last Q results was disappointing.

141 posts

Posted by SK1200 > Feb 14, 2019 04:40 PM | Report Abuse

Collecting mode first..

57 posts

Posted by Mar2083 > Feb 15, 2019 06:30 AM | Report Abuse

Will up today

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