Posted by KAQ4468 > Aug 19, 2020 12:08 AM | Report Abuse

15 cents .... apa lagi mau ????


hantam la

Posted by KAQ4468 > Aug 19, 2020 12:08 AM | Report Abuse

soon 30 cents

Posted by IronShirt > Aug 19, 2020 5:42 PM | Report Abuse

2Qr20 out next week. Most likely Revenue 200mil with Profit around 33mil

1Qr20 with MCO, Revenue 176mil with profit 16.3mil

Posted by Macgyver11 > Aug 19, 2020 8:07 PM | Report Abuse

Jan to Mar brent crude oil trading @ 55 to 60usd and in other hand there's no capex reduction from Petronas. End of March covid strike, government imposed MCO and global catastrophe happened caused the transportation stop that including flights. This bring crude oil price to the history low. After March onward upstream players hit by another bad news which Petronas cut the capex. Based on that, in my view I feel qtr unlikely good. Even if it is shows profit I believed at break even. This is my opinion but not necessary must be correct..just guess.

Posted by ragesliew > Aug 19, 2020 8:46 PM | Report Abuse

2Q revenue would be similar to 1Q...... higher cost due to MCO as well..... impact bottomline

Posted by Godofgambler > Aug 20, 2020 12:11 AM | Report Abuse

Oil price getting better and better..
I warn you to buy before you in deep regret

Posted by KAQ4468 > Aug 20, 2020 10:53 PM | Report Abuse

soon 30 cents

Posted by KAQ4468 > Aug 20, 2020 10:53 PM | Report Abuse

apa lagi mau ??????

Posted by jacksparrow > Aug 21, 2020 1:27 PM | Report Abuse

How soon KAQ4468?

Posted by linheng > Aug 22, 2020 2:36 AM | Report Abuse

https://www.theedgemarkets.com/article/petronas-said-show-interest-buying-permians-doublepoint
Buying into shale oil co?
Thought they say need to cut CAPEX to preserved capital
WTF- Cut velesto's rig contract (another govt link co) but got money to buy bankrupt shale oil co. Beyond comprehension

Posted by IronShirt > Aug 22, 2020 11:31 AM | Report Abuse

Next week if Velesto 2Q results looks Good. Dark Horse EPF might starts buying. Now holding
2.31% might increased to 5% like Urusharta. Urusharta actually came from no-where and bought
5% without anybody knowing.

Posted by KAQ4468 > Aug 22, 2020 10:46 PM | Report Abuse

aiyaaaa captain Jack Sparrow

Posted by KAQ4468 > Aug 22, 2020 10:47 PM | Report Abuse

how soon ???

investment maaaaa ... 2021 kasi tengok la apa macam

1 year can't wait ka ???

end of next year kasi mari

hahahahha

Posted by Macgyver11 > Aug 23, 2020 6:55 PM | Report Abuse

Qtr might release next week..Velesto already stood still for quite some time. Fingers cross, hopefully qtr favourable.

Posted by Allantanks > Aug 23, 2020 10:33 PM | Report Abuse

did u guys see the crazy bullish reversal in the last five minute of the Brent oil chart. =)

Posted by wjc4195 > Aug 24, 2020 12:30 PM | Report Abuse

gay Bull

Posted by tkl88 > Aug 24, 2020 8:45 PM | Report Abuse

Wow, Fantastic!
Oil price spike up to sky high again !
As at 8.42pm,
Nymex=> $42.76 ‪(+0.42) (+0.99 %)‬ !
Brent=> $45.‪40 (+0.47) (+1.05 %) !‬

Posted by KAQ4468 > Aug 24, 2020 11:38 PM | Report Abuse

peewwiittttt

Posted by KAQ4468 > Aug 24, 2020 11:40 PM | Report Abuse

soon 30 cents

Posted by KAQ4468 > Aug 24, 2020 11:40 PM | Report Abuse

double the money package

Posted by KAQ4468 > Aug 24, 2020 11:40 PM | Report Abuse

apa lagi mau ?????

Posted by tkl88 > Aug 24, 2020 11:51 PM |

Post removed. Why?

Posted by tkl88 > Aug 25, 2020 7:39 AM |

Post removed. Why?

Posted by Superbinvestor > Aug 25, 2020 12:53 PM | Report Abuse

This counter even worst than sapura lo..hahaha...brent up it also drop, brent drop it drop more...stupid..

Posted by Allantanks > Aug 25, 2020 12:59 PM | Report Abuse

Haha. Really heh tahan. Go liao. Bye.

Posted by Allantanks > Aug 25, 2020 3:14 PM | Report Abuse

Brent near 46, this counter drop some more. Really lousy. Lol.

Posted by tkl88 > Aug 25, 2020 4:24 PM | Report Abuse

As at 4.15 pm,
Dow Jones at=> 28,411.5 (+172.5) (+0.61 %) !

Posted by mf > Aug 25, 2020 6:47 PM | Report Abuse

gap down

Posted by pineapple123 > Aug 25, 2020 7:48 PM | Report Abuse

mati oh. proposed share capital reduction!

Posted by jacksparrow > Aug 25, 2020 8:10 PM | Report Abuse

What happen? Ayoyo...

Posted by 5c0160 > Aug 25, 2020 8:16 PM | Report Abuse

Share capital reduction. Game over. Tmr 0.115

Posted by linheng > Aug 25, 2020 8:32 PM | Report Abuse

Mkt cap is 1205 million. Lost 15m this 2ndQ which is the worse Q for everyone. This is 1.24%.
This is considered very good result.

Posted by Rowie > Aug 25, 2020 8:33 PM | Report Abuse

Guys, this capital reduction is using the share capital to wipe out the accumulated losses, a credit & debit accounting entry only, no effect on the company or share price. Already explained much earlier when the news was out.

The accounts show loss of 13m, out of which 8m is forex loss & 11m is additional Covid expenses. Otherwise it's 5m profit. Don't worry la, lucky got no additional asset diminution loss provisions like Sapura, MHB etc which ran into billion/hundreds of millions.

Will rebound soon as Brent now is above USD 46.

If u need to panic then do sell.

Posted by Macgyver11 > Aug 25, 2020 8:40 PM | Report Abuse

Overall year to date still good even qtr not favourable...if compared with others O&G, Vele is better.

Posted by maney > Aug 25, 2020 8:48 PM | Report Abuse

Thanks Rowie & Macgyver11 for your comments! Helpful!

Posted by rijack88 > Aug 25, 2020 8:59 PM | Report Abuse

Quarter Result on 30-Jun-2020[#2] QoQ - -193.41% YoY - -228.00%.

Posted by maney > Aug 25, 2020 8:59 PM | Report Abuse

USD 46.26 +0.62 +1.36% Just now. Will go up tomorrow!

Posted by Syaipul81 > Aug 25, 2020 8:59 PM | Report Abuse

What will happen to our share, any one can explain, newbie here, i bought velesto 2 month ago.

Posted by Rowie > Aug 25, 2020 9:42 PM | Report Abuse

Our shares will still be in our cds account unless someone does a David Copperfield or Houdini tonight. Perhaps nothing will happen or tomorrow will fly if Brent oil closes way above USD 46 tonight. Then sell & buyback again when down or switch to other shares.

Posted by micsoh > Aug 25, 2020 10:02 PM | Report Abuse

It's just like u got 100 money in your bank, but u own me 30, so now u take your bank 30 clearing this debt, and u now got 70 in your bank, but debt clear.

Posted by Syaipul81 > Aug 25, 2020 10:03 PM | Report Abuse

Tq, rowie, 6 month ago, icon share consolidation, i loss a lot of money. which is share amount reduce with price adjustment too low

Posted by micsoh > Aug 25, 2020 10:04 PM | Report Abuse

Except this 100 in this case is capital and 30 is loss.

Posted by Syaipul81 > Aug 25, 2020 10:05 PM | Report Abuse

Lucky healthcare counter cover back my loss

Posted by scooter > Aug 25, 2020 10:10 PM | Report Abuse

how soon is velesto implement this share capital reduction?

Posted by linheng > Aug 26, 2020 4:55 AM | Report Abuse

Its a book entry thing to clean up balance sheet. No effect on no of shares. Please read the propectus
The Proposed Share Capital Reduction will not have any effect on the number of VEB Shares
and/or percentage shareholdings of the substantial shareholders of VEB.

Posted by linheng > Aug 26, 2020 4:56 AM | Report Abuse

copy and paste from the propectus

Posted by HuatlaiOnglai > Aug 26, 2020 7:32 AM | Report Abuse

Brent Oil price spike above $46/tong. Good sign of strength for Velesto

Posted by djibaok > Aug 26, 2020 10:13 AM | Report Abuse

Ini capital reduction cerita lama.... price factored in edy....

Posted by linheng > Aug 26, 2020 1:56 PM | Report Abuse

Posted by djibaok > Aug 26, 2020 10:13 AM | Report Abuse
Ini capital reduction cerita lama.... price factored in edy....
There is no reduction in the number of shares.
Refer to share holders circular
The Proposed Share Capital Reduction will not have any effect on the number of VEB Shares
and/or percentage shareholdings of the substantial shareholders of VEB.

Posted by Harryww > Aug 26, 2020 4:11 PM | Report Abuse

If have the ability to buy and keep, just go ahead. After few more months or a year you sure laugh all the way to the bank.