Probaly drop below ipo later!

Closing @ 29c , good sign ?..

Having said that, it is perhaps an opportune time to re-look at the market now. In fact, since its recent closing low of about 1,598 points on May 24, the FBM KLCI has performed reasonably well with the benchmark index gaining some 2.8% over the past three weeks alone. It is widely expected that we may see a much better second quarter performance among corporates due to lowered market expectations and perhaps its time to re-visit your individual portfolio as the time to buy is now.

In fact, net foreign buying, which is another factor that is correlated to the FBM KLCI’s dismal performance since GE14, has turned positive with net foreign inflow of about RM551mil, turning net buyers in six out of the last 10 trading days. Looks like the market has found its bottom at around the 1,600-point mark and the time to buy is now

Wakakakaka

Hit wawasan 2020 , hidup Tun !

Sell q so low , possibility shoot up suddenly . Well , still beware if EPF holds < 5% then need no do announcement of disposal liow until holding been cleared .

Wakakakaka

7:1
If still can’t monopolized , then better close shop .
Wakakakaka

https://www.theedgemarkets.com/article/perisai-petroleum%E8%8E%B72000%E4%B8%87%E7%BE%8E%E5%85%83%E5%9B%BD%E6%B2%B9%E5%90%88%E7%BA%A6

Every boat, barge or whatever has to undergo recertification. It takes about two months — so no earnings for two months — and for rigs, the cost can be significant. For rigs, it can be as much as US$10 million or more, to recertify one rig

. There is a requirement for 16 to 18 jack-up rigs but there are only eight rigs in Malaysia. So, how will eight rigs [meet] an 18-rig requirement?

Wakakakaka

https://www.theedgemarkets.com/article/perisai-petroleum%E8%8E%B72000%E4%B8%87%E7%BE%8E%E5%85%83%E5%9B%BD%E6%B2%B9%E5%90%88%E7%BA%A6

At present, Velesto, with seven jack-up rigs, is the dominant player while Perisai Petroleum Teknologi Bhd, which owns Perisai Pacific 101, is the only other player with jack-up rigs, which would indicate that there could be an uptick in utIlisation.

Even a pn17 to b delisted also awarded 20 m usd contract. Could it b turn around of Perisai petroleum ?

https://www.theedgemarkets.com/article/perisai-petroleum-given-more-time-resubmit-regularisation-plan

Tkl
It is ur show time to shout lough lough !

Pls share 2
Wakakakaka

Operator pressing down to grab as much as they can. Oil further slump. Invest aax for hedging. Buy at lower b4 skyrocketing @own risk.
Wakakakaka

Long time rumors tf privatized aax. Now with 90c dividen, TF as major shareholders gains most $$$. Now he has unlimited bullets to take actions since aax still very very cheap. 2 ndly my advice aax could b hedging if oil slump further + Fed cutting rates will help pushing down USD to benefit margin. Lastly buy at own risk.
Wakakakaka

https://www.theedgemarkets.com/article/sarawak-ink-mou-sinopec-beijing-beca-develop-us5b-og-complex

Good OPPO to buy at dip < RM 1. Don't miss the boat b4 > RM 1.2. Buy at own risk!
Wakakakaka

If worry about oil bullish. V should buy some oil related counter for hedging. Even though oil up/down v also make money!
Wakakakaka

Woodswater I worry about oil price, I recommended for hedging which reverse of oil movement. Aax 5238 which is still undervalued.
Wakakakaka
10/06/2019

Woodswater I worry about oil price, I recommended for hedging which reverse of oil movement. Aax 5238 which is still undervalued.
Wakakakaka
10/06/2019

Woodswater I worry about oil price, I recommended for hedging which reverse of oil movement. Aax 5238 which is still undervalued.
Wakakakaka
10/06/2019

Woodswater I worry about oil price, I recommended for hedging which reverse of oil movement. Aax 5238 which is still undervalued.
Wakakakaka
10/06/2019

I worry about oil price, I recommended for hedging which reverse of oil movement. Aax 5238 which is still undervalued.
Wakakakaka

Investor king ah investor king
King means toppest, alone
No wonder u concern so much with/without epf, idss /no idss, active /inactive volume....
For me trading stok aroung this environment is the biggest concern / most dangerous moment due to trade war tariffs!

Wakakakaka

U know how many sorzai waiting @lower low since u guys said v ask how many u all fulfill how much.
Wakakakaka

If I were kwap, probaly I should disposing 12,000,000 each transaction day. What it means 120,000 shares but lesser buyers asking?
Wakakakaka

Ha, ha upgraded Holland
All sorzai gathering Netherland

Waiti g breached 685 c. Hoot kaw kaw 65c
71c buy 10%, 65c acc 30c, if 50 c sell ass all in!

Wakakakaka

Cos lim kian noon is just smallest bilis @ stake of 30% only .
Wakakakaka

I'm waiting first dip 71 c, now 2nd tumble @ 65c
Happy to accu @ dip when others r fearful.
Wakakakaka

I’m a 豬腸粉seller , but when I talk to a friend of mine as chicken seller about ‘ impairment ‘ , depreciation .. he knows more than I do bcos they nowadays using latest machine to process whole alive chicken . Y u guys still Waste saliva to argued with tis fake idixx .?

Wakakakaka

I just want to c whether so much Malaysiansssssss expertsssss sifusssssss to challenge a single singapolan . Let c who can laughing till the last .. which I c a pakcik k supported who hardsell Sayang b4 likes to made enemy with neighbour border pal.

Wakakakaka

Starting now , v all keep quiet ,open our eyes n see big pictures

Ha, i’m One of the sorzai who buying OnG related counter recommended master Calvin here .

Wakakakaka

Accu today 71.5 c ( bargain 10% fr last week 80 c). Wish to everage down 72 c - 10% = 65c then.... Even 50 c.
Hooray, I 'm buying cheap air Asia x tickets to Makan angin at Netherlands of Europe!

Wakakakaka

I trust u , Sardin . I don’t mean to blame u as I comment ‘ V’ but not ‘ U ‘ only . Drop a single c , v got scolded , make money v don’t actually beg any commission from them pun ? What for v need 好心坏事做哩?

Wakakakaka

V starting now just keep quiet , open our eyes for big pictures .
Wakakakaka

Ai , so many supporters sokong u , Sardin .
Y v still argued what actually KNM got ,
Haters just spread negative emotions other than nothing .
Facts hv tell us fr 7 c to 19 c ( almost 3 times )
Let’s stop promote here anymore otherwise v all label as ‘cronies , proxy , runners .......’
Just enjoy the paper gain n wait 4 next up trend
Wakakakaka

https://www.theedgemarkets.com/article/special-report-velesto-verge-turnaround
https://www.theedgemarkets.com/article/special-report-things-have-started-change-better

All of us know it very well, the owner almost lost control of KNM/BORSIG in their attempt to drive down the share price to collect cheap. Having private placement is a good way to get back some shares to prevent company from being taken over, they have to do it fast before share price move up further ( they cannot hold it for very long ), that is why you see a lot of these activities lately.

I 100% support comment fr Sardin regarding private activities r avoid taken over since he has inform us earlier general Lee almost lost control in KNm , that’s y he is looking for his cronies who can support him . Price sure go up , patience is virture .
Wakakakaka

https://www.theedgemarkets.com/article/epf-records-lower-income-rm966b-1q19

No wonder lost , always buy hi sell low . Latest example is Armada which buy hi and dump low fr 7% throw below 5% . Velesto is 2nd sample later after acquire > 7% they start dumping until 20 c . Sad .

https://www.theedgemarkets.com/article/epf-records-lower-income-rm966b-1q19

Alway buy hi sell low , worry those who save hard earn money under cool water Liao . New management , new style . Cheers , PH !

Ai, y argued?
My stand is very clear since I marry to a mother, I sure will take care of her children (son / sons) as well. That 's called' True Love' mah
Wakakakaka

Offshore , u r right . But I call ‘ Hold ‘ . I needs time , relax . Patience is virture , u will get ur rewards .

price now at below 30 sen?

I personally believe it’s not [a] fair [price] … I believe it’s too low. Our net asset value is 34 sen, so I don’t believe the share price reflects our four contracts. I mean [our] four rigs are secured for the next three years, the contracts give us steady revenue, steady income, but apparently, a lot of people are still shying from oil and gas [counters] because of the global situation, where people are still jittery … if the global situation improves, I do believe we are poised to do better.

Also, I believe that the worst is over. It has already bottomed out. The worst is behind us.



This time next year, where do you see Velesto?

With things significantly improved — the reason being not only because of what we have restructured but [also] this year, in the first and second quarters, we recertified four of our rigs, so these rigs will be able to work continuously.

Every boat, barge or whatever has to undergo recertification. It takes about two months — so no earnings for two months — and for rigs, the cost can be significant. For rigs, it can be as much as US$10 million or more, to recertify one rig.

So, the beauty is, [we] don’t have to do that for the next five years. We took a hit this year — firstly, the rigs were not earning, [and] then we had to incur cost to do it (recertification). But then, subsequently, these four rigs need not be touched, so these four rigs will have minimum maintenance cost.

The other three … the recertification is scattered — one this year and another in a few years’ time. It’s scattered, so there is no hit like [that seen so far] this year. So, one rig out for two months and a US$10 million bill, [it] won’t dent us so much, we won’t have a lot of problems … which is why I say, moving forward, we should be better off.

Moving forward, we should be better off as we have contracts in hand, most of the rigs have already been recertified [and] the industry overall, as reflected by Petronas’ outlook, as well as the global outlook [appear to be better].



What about charter rates?

When you look at our numbers, the increase is not that great, so there is still room [for improvement]. In the good old days, we could find [charter rates of] US$160,000 per day, but now we are around US$70,000 a day. I’m not saying it’s going to go to US$160,000 but there is a lot of room for improvement.



So, what do you think is a fair charter rate for, say, jack-up rigs?

When you look at the overall structure, the overall increase in manpower, the cost … I do believe it should be closer to US$100,000 a day. But even now, we are okay, but for long-term sustainability, it should be closer to US$100,000 a day … then people will start investing again.

Warrant xpiry 2020 June. R u confident mother shares will jump exceed RM 1 within ti's few months b4 deadline?

Jonathan keung
U use setel card ?

Ti's investor king need u'r support to cash out. His streeses too heavy from shoulder pushing until stomach. Advice him consult psychologist

Good saying Sardin
Many ppl only know when to everage down, but
Seldom investors choose to everage up to make more profit.
Wakakakaka

Tkl
Keep shouting, sure up wah
Wakakakaka

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6171157

< 20 c is dirt cheap .

Wakakakaka

King of investor really siao liao!

https://klse.i3investor.com/m/blog/Undervalued/207849.jsp

My salute master Calvin not only famous but celebrated ,
Have to solve very hot potatoes during period trade war getting worse which gains u 200% upside margin or -100% lost . Time will tell , god will know , facts can proof !
Wakakakaka

Below 1000
I hope so
Sialang
Wakakakaka

Bustaotb
Wakakakaka

Friday sell off day. Let c next week
Wakakakaka