naim privatization is on the card

please see my post, I have posted relevant on Velesto, who follow me, already earning big from velesto

I'm long position in Naim, target to break RM 1.35 above. At the end of September, Dayang should worth RM 2.5B market cap, translated to Naim owned RM 625M, so, Naim should worth at least RM 1.5 by end of sept.

In latest quarter report, Naim has RM200M cash + owned 25% of Dayang equivalent to RM500M market cap with 515 mil issued shared. With that, Naim should worth at least RM1.35.

GUYS, THE DAYRATE FOR THE NEW CONTRACT IS $110K WHICH IS FAR HIGHER THAN $72K PER DAY ONE YEAR AGO. THIS IS GOING TO FLY ABOVE 0.3 SEN BY END OF JUNE

I still hold and buy more velesto today, the topline is improving 53% YoY, this is encouraging, this is normal to see lost as the company spent RM 13M to reactivate workover unit. I think Velesto will only make profit in 2023. Let hold tight.

Thanks for comment, @macgyver11, Velesto is unlikely to back to RM 0.20, I guess EPF should be buying in already, not sure when to disclose, from all the volume and trend, I can see someone is buying, that should be EPF, we would know in few months down the road. Disclaimer, this is my guess, just for reference.

Those who listen to KNG advice to sell velesto at Rm 0.08 last September, are again crying now, and should close their KNG account, you know what, from RM 0.08 to RM 0.24, how much you lost in your gain

the research from Kenaga is just rubbish, few years ago I entered stock market, and buy and sell based on your advice, you guess what, I have been losing RM 500,000 in total (including those opportunity upside). Then I do not trust their advice anymore. and closed down all account

you all can scroll back to see my BUY call since last year, I have been keep acquiring the shares when the share price is getting lower. At that time, dayrate is $80000, the share price is RM 0.3. now is $150K, when do you think the share price would be landed? you know the answer

more exciting news would be annonced for Velesto, Petronas will revise the umbrella contract

my TP is 0.60

The dayrate for ROC is USD 150,000!, I have asked to buy Velesto since March 2022, who follow my call win super big

those who follow my buy call last year, today, you can definitely laugh to the bank. Have a huat huat year!

I have keep giving strong buy call since begining of the year!!!

https://www.offshore-energy.biz/odfjell-boost-in-oil-gas-investments-to-ramp-up-drilling-activity-as-market-strengthens/

I bet we are at a high chance to win

We will know if we are going to win this battle in mid of December.

The boom would be dependent on Petronas outlook report, this is going to release in mid of December. once the report is out, we would have view on how Petronas spend its capex next three years, again, Petranas has no choice but to compete with regional oil owner to fasten increasing the exploration and production to secure limited jackup in the regions. Vietnam and Indonesia also voice up they will increase oil production amid of high oil price

https://www.nst.com.my/business/2022/10/842431/dayang-enterprise-contract-wins-petronas-carigali-sustain-earnings-till-end

Dayang service rate saw 20% increment, I think jackup rig day rate will increase by 30%, hold tight on the boot, this is going to fly

ahead of Petronas Outlook report, I guess the demand for next year jack up is around 16 units

the announcement will be made around end of the year

Still holding velesto despite the price drop. UOB revised the target price for UOB to be RM 0.14, but this is yet to be factored the expectation of higher dayrate

The price would be revised once the dayrate is confirmed to be higher than $75,000. Dayrate $100,000 is on the way

this is energy supply issue, only production can solve current inflation issue. I anticipated the jack up rig demand for malaysia will increase to 20 in 2023

the uptrend will continue with the dayrate continue to hit $200K, buy and hold now, otherwise you will be regret!

https://oilprice.com/Energy/Energy-General/Energy-Earnings-Set-To-Ease-But-Oilfield-Services-Remain-Strong.html

Oil equipment & services providers are likely to remain strong performance in 2022 & 2023. Cheers to hold more velesto!

https://www.tradewindsnews.com/offshore/-continued-progress-clarksons-stephen-gordon-logs-20-jump-in-osv-rates-this-year/2-1-1302710

Europe is urgently needing more oil, UK is allowing for more oil exploration and production, the green energy theme is gone, all turned back to be conservative oil!!! follow the wind, then you can fly!

$200K day rate is not being seen since 2010, this is the perfect opportunity for us to be on this boat! cheers to hold more velesto, I will be crazy buying as long as this is below RM 0.3

If you are Petronas, you can't decide the rate but the market decide the rate. The market for jackup is bullish where this hasn't been seen in a decade

@investorbat, you are right. the dayrate in 2023 for jackup rig would hit $200K, for instance, the dayrate for drillship raised from $220K in 2021 to $400K (current rate) in 2022 due to 100% utilization rate in all market.

just do simple math

With $200K dayrate, this will be 166% increase of dayrate from current dayrate, and the topline of Velesto will easily hit $1B, which haven't seen since 2014.

Assuming the profit margin is 25%, this will be RM 250M net profit. And, I estimated it will have impairment loss reversal around RM 150M to RM 200M. So the total profit for 2023 would be RM 400M. This will translate into RM 0.05 EPS with P/E is 2.5 at current price.

Petronas has no choice to decide the dayrate, this is driven by market with more rigs going to Saudi Arabia. Now, this is supplier of rig market, not customer of rig market. $500K is paid for drilliship la, not jackup rig, when the dayrate for drillship raised, dayrate for jackup rig will be raised too, I anticipated the dayrate for jackup rig reached $200K in 2023.

https://www.reuters.com/business/energy/offshore-drilling-daily-rates-could-rise-500000-say-executives-2022-09-14/

$500K dayrate for rig!!!! it is soon to be real

profit taking by some investors at 0.12. but the overall market drilling rig is the highest since 2014, this is expected the global drilling day rate would reach $160, 000 per day (from $120, 000). This is led to higher revenue for velesto, somemore with higher dayrate and utilization rate, the market valuation for drilling rig would be higher, I calculated and expected RM 200 mil impairment loss reversal. This is why research house saying Velesto would turnaround in 1H FY2022.

Naga 3 secured vietnam drilling rig with higher day rates
I have reiterated to ask to buy Velesto, this is now being trusted by market, I targetd this to reach RM 0.5 soon

https://www.upstreamonline.com/production/vietnam-drilling-rig-in-position-for-three-well-cuu-long-campaign/2-1-1300488

This is 42% increase of current dayrate

The offshore drilling rig market is really tight which in return I can see it will further push up the dayrate to above $100,000 per day

Day rate of drilling rate is likely to increase to the level that we haven't seen in decade.

Follow my buy call on velesto, target price to be RM 0.4

Hi guys, buy this counter before too late, this is my sincere advice. we will see at least 100% return by end of the year. Please search for Borr drilling, Noble and Valaris. How much return it had since 2021. The market leading drilling rig operators are seeing huge increase in their share price. the same for velesto soon.

Once Vaccine is effectively launched out, oil and gas will be a boom. Naim will benefit from Dayang's uptrend, Sarawak construction and higher yield dividend payout. It will be worth to hold for one and half years.

invest somemore with withdrawal of FD. let celebrate the next bull on this counter

totally agreed with calvin. I've started to accumulate Naim shares since they announced the 18 sen despite it is yet to be approved. my dividend yield should be more than 20%. In the current unstable market, this is a free money for us!. somemore, they said they will dispose quarry this year too to return dividend to shareholder.

buy another 10lots at 0.77!

Dayang effect's on Naim. Higher Dayang's share price, higher perdana share price, more contracts announcement, more assets disposal for dividend, delicious dividend yield at RM 0.18.

Naim should already secure sarawak infrastructure projects, pending for announcement. anyhow, I will still buy to keep some as the dividend yield is "delicious". Besides, Naim is moving to IBS, which is a good move. I can the share price will remain higher.