Yesterday disposed 450000 units at 0.400 & balance 50000 units at 0.405.....since there will be no dividend from this counter so time to take profit….average buying price 0.264..Tq Velesto.

Doom for this counter. Slowly & surely going to be the next PN17 member. Careful now folks!

At present, six out of the seven jack-up drilling rigs owned by the Group are working while one is being prepared to be mobilised for the recently awarded long term contracts, expected to commence in early September 2019.

Hmmmm...recently awarded...another project officially to be announced soon?

Seem like EPF still have good appetite for more shares. Potential of a new job in the pipeline & a positive 2Q19 in the making? Hmmmm

EPF starting to sell slowly & surely soon? Time will tell......hmmmmmm

Remember folks, buy on weakness.

Since it’s an open secret that Velesto will be awarded new contracts in the coming months, the share price will be more on the uptrend due to the bullish supply & demand factors.

With the announcements of new contracts, the big boys will easily push the share price even higher.

By the time the investment houses made their recommendations, the big boys will be selling slowly & surely while buying some to biff up the share prices.

To those sideliners at which level do you want to buy as the higher the price the higher risk to profit.

Heheheheh..

Lol

PNB selling to flushed out weak holders while EPF taking this opportunity to collect more.

Reason because more charter announcements in the coming months as Velesto capitalises on Petronas’ drilling programs for 2019. “Overall, with an improving outlook over the next 12-months, any short-term weakness in share price is an opportunity to accumulate,” said Maybank IB Research which pegged a ‘buy’ call on the stock.

For those still sceptical, have you ever wonder why are the big boys buying? Hehehehe..

To those who are sceptical, no worries. Just enjoy the show. Heheheheh..

With a more stable world stock markets sentiment, high crude oil prices & a stable Malaysian economy are all positive signs for KLSE.

An announcement of new contract in this market situations will be the game changer.

Remember folks, don't waste time waiting for recommendations from investment banks. By the time the recommendations published, the share prices will be high so yr risk to buy will be high too cos have to sell higher.

Great things happen to those who listen & believe.

Heheheheh..

Good things happen to those who wait; better things happen to those who act.

Wait for a good price like yesterday & act like a savvy early bird acquiring slowly & surely.

By the time recomendations by banks r out, u will be laughing all the way to the bank by selling slowly & surely. Heheheheheh..

Be a savvy investor..Buy low sell higher...low risk.

Don't be a greedy investor..Buy high sell higher..high risk buying after bank recommendations.

Hehehehe..

The problems with Investment Banks, their recommendations for the new TPs for some companies are only made after the announcements.

By that time the prices of their recommendation companies published the prices are already high. So buying high prices based on their recommendations means high risks cos u need to sell higher.

Savvy individual investors & the big funds knowing the potential of the companies would take every bearish sentiment to add slowly & surely more to their portfolios.

By the time announcements are made & recommendations published, the early birds savvy investors & the big guns will be the one slowly & surely selling more while buying less in order to biff up the price higher.

So folks, which side of the scenario do u want to be in. Hehehe…

LOL

LOL

Bonus? Possible..Hehehehe

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5857161

Posted by JJchan > Mar 23, 2019 6:15 PM | Report Abuse
I didn't see Award of Frontier oil Corporation ( US19.2mill) in 4Q18 financial so 1Q19 should
include a extra ordinary Gain around RM 68million ( including legal cost +++)

Again, a weaker utilisation anticipated in 1Q19 as only 4 rigs r workings amidst monsoon season. Meaning current prices had factored in the 1Q19 results.

As such with the announcements new contracts plus a weak anticipated 1Q19 results in the 2Q19, which way do u think the share price will go!

Remember folks, by the time the announcements on new contracts are official, the 2Q19 & 3Q19 anticipated results will be factored in the share prices. So will the early birds benefitted buying on bearish sentiments? Hehehehehe..

Naga 6 is currently undergoing special periodical survey (SPS), a maintenance check up every 5yrs which usually takes 1-2mths. Naga 2 & 5 will be sent for SPS in March. As such a weaker utilisation anticipated in 1Q19 as only 4 rigs r workings amidst monsoon season.

Saying that while the 4 rigs have expired in January 2019, these rigs have verbally secured redeployment in 2Q19 just pending official announcements sometime to be out in the 2Q19.

By the time the news on the rigs are out, you will regrets of not buying during the correction times.

So buy on rumor (an open secret on new contracts) & sell on news. But if the news is much better than forecast, this will sends the price higher still. Then the early birds are positioned to make even better profits.

If the news fails to match expectations, still the early birds will still make some profits. Hehehehehe..

Ok folks, the decision to sell or buy is yours. Happy Investing Folks

To those O & G investors this is an open secret: https://www.thestartv.com/v/petronas-rigs-in-malaysian-waters-to-increase

Hahahahaha..

O & G counters on sale now after the recent uptrend. Most investors are taking this bearish market sentiments locking in for some profits. Remember folks, after Petronas announcement on CAPEX, the fundamental for O&G still intact. Would u buy more O & G counters? The big funds are. Would u? Hahahahah..

Critical support level for yr stock now is at 0.275. Once broken will open opportunity for continuous sale for this counter...….Will it happen? Time will be the judge to that. Hahahaha..

Most important, it's impossible to predict when the economic crises will happen, but they are of course inevitable. Hahahaha

Innovation, productivity gains, entrepreneurial spirit & abundance of capital will certainly see the worth far more in the coming months.

Many companies, of course , will be fall behind & some will fail. But ask yrself this question. Will your counter be one of the failed company for year 2019? Hahahaha

In other words, don't fall victim to widespread panic & begin selling off stocks. Don't follow the herd mentality. Instead take this opportunity to buy....Hahahaha

During such a scary times, u should never forget two things:

1. widespread fear is yr freind as an investor, bcos it serves up bargain purchases.

2. personal fear is yr enemy

Let me motivate you guys today.....Hahahaha..

U wouldn't see that price on sale again. Opportunity now opened to those who believe Velesto will secure a few contracts in the coming months. Dare to buy low & sell high? Hahahahah..

Cheap sale folks...grab before its too late..hahaha

Hmmmmmmmm..some big funds throwing aggressively..careful now..Hahahah..

LOL

LoL

X
With strong & stable crude oil prices plus stable world stock markets, Velesto at 0.285 is a bargain buy. Announcement of new contract in the couple weeks should be the catalyst to bring Velesto to new high in 2019.

Conclusion

Typically, when a company is struggling, the warning signs are there.

Your best line of defense as an investor is to be informed - ask questions, do your research, be alert to unusual activities. Make it your business to know a company's business and you'll minimize your chances of getting caught in a corporate train wreck.

The savvy investor should also watch out for unusual share price declines.

Almost all corporate collapses are preceded by a sustained share price decline.

Enron's share price started falling two years before it went bust.

A big share price decline might signal trouble ahead.

Knowing the difference between a company on the verge of collapse and one that's undervalued isn't always straightforward.

Look at the other factors that can help you tell them apart.

Keeping a close eye on cash flow, which is a company's life line, can guard against holding a worthless share certificate.

Examine the company's cash burn rate. If a company burns cash too fast, it runs the risk of going out of business.

Interest repayments place pressure on cash flow, and this pressure is likely to be exacerbated for distressed companies.

Because they a higher risk of default to banks, struggling companies must pay a higher interest rate. Debt therefore tends to shrink their returns.

Just as a seriously ill person can make a full recovery and go on to lead a fulfilling life while a seemingly healthy person can drop dead without warning, some very sick companies can make miraculous recoveries while apparently thriving ones can collapse overnight.

But the probability of this is very low. Typically, when a company is struggling, the warning signs are there.

Make it your business to know a company's business and you'll minimize your chances of getting caught in a corporate train wreck.

Is Your Stock Doomed?

Few people seem to spot the early signs of a company in distress.

Not long ago, this company was worth a billion of ringgits.

Today, it no longer exist. Their collapses came as a surprise to most, including their investors.

Even large shareholders, many of them with an inside track, were caught off guard.

Profit taking & Forced selling:
Today -0.020..tomorrow -0-025..thursday -0.015.....best buy will be on Friday..careful now folks

Rev: 2Q18 (31Dec) 3,473,000
Rev: 2Q17 (31Dec) 48,150,000
Without logging activities what is next for pwi?
PN17 is the only option left soon if court cases & logging ban still hunting pwi till the 4Q (30Jun19)


Doomstock in the making?.....Time will tell

PBT: -21,629
Net Profit: -18,503
EPS: -0.45
Compare to previous Q: -607%

DoooooooommmmmmmmmStockkkkkk!

RIP

Facing financial difficulties, does not owned a core business & shareholders’ fund damn below 25% of their total paid-up capital requirement.


No way out..doomstock!

Net profit: -Rm17,935 QoQ: -606.35% YoY: -1,689.98%

Doommmmmm!!

Pworth is just like cancer, and it's already spread to the lymph nodes..A dead man walking...Doommmm!

Dead Man Walking...…..Doommmmmm!

“When I investigated, I found some agreements down there to the extent, for example, for certain period of time, Forest Management Units (FMUs) with some of the people, players have be there to allow themselves to export the logs.

“But I have already instructed (the FMUs) to look further down whether we can refrain them from doing so,” Shafie said.

Meaning no logs export = no revenues = Doom profit margin. Conclusion Doommmm Business Model

Remember folks, an unaudited quarterly report must be released to Bursa Malaysia Securities Bhd not later than 2 months after the end of each quarter of a financial year as required.

Will history repeat itself like the previous quarter ended June 30? Time will tell..doommmm!

•Sapura Energy proposed a recapitalisation exercise to raise up to RM4b which includes:
a) rights issue of 5 rights shares (priced at 30 sen) for every 3 shares held

b) a free warrant for every 10 rights shares (with an exercise of 49 sen)

c) rights issue of 2 Islamic redeemable convertible preference shares (RCPS-i) for every 5 shares held with an issure price of 41 sen, 1-for-1 conversion and dividend rate of 5%