Calvin, you so suka Bj group, why don't want to recommend Redtone? VT and Johor sultan, poised to announce very good results. Technically on the verge of break out with potential gain of 60% in 1 week.
2. AWARD OF CONTRACTS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 3 AND NAGA 5) FOR PETRONAS CARIGALI SDN BHD
USD10.8 Millions or 10,800,000 x 4.09 = RM44.17 MILLIONS
3.CONTRACT FOR THE PROVISION OF JACK UP DRILLING RIG SERVICES FOR SARAWAK SHELL BERHAD / SABAH SHELL PETROLEUM COMPANY LIMITED
USD25 Millions or 25,000,000 x 4.09 = RM102.250 MILLIONS
4. CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
USD31.038 Millions or 31,038,000 x 4.09 = RM126.94 MILLIONS
NOW LET'S SUM UP 4 JOB AWARDS
155.4 Millions 44.17 Mil 102.250 Mil 126.94 Mil
RM428.76 MILLIONS
SO KNOWN FIGURES IS ALREADY MORE THAN FOUR HUNDRED AND TWENTY MILLION RINGGIT!
AND MORE AWARDS WITH NO FIGURE DISCLOSED
5. UMBRELLA CONTRACT FOR THE PROVISION OF 460K DRILLING HYDRAULIC WORKOVER UNIT (HWU) FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT") (CONTRACT NO: CHO/2017/WELLS/1022 (B))
This is a 3 Year Contract (Sum not disclosed)
6. UMBRELLA CONTRACT FOR THE PROVISION OF 340K AND 460K HYDRAULIC WORKOVER UNIT FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT")
This is also a 3 Year Contract
But read again the details
The Contract is for the provision of HWU to undertake workover services for PETRONAS Carigali under an umbrella contract. It calls for the use of all or any of UWO’s five (5) HWU, namely UMW Gait 1, UMW Gait 2, UMW Gait 3, UMW Gait 5 and UMW Gait 6 to undertake workover services, which are services rendered in performing maintenance and/or remedial treatments on an oil or gas well.
There are 5 Workover Jobs instead of usual one. SO THIS IS QUITE A BIG JOB
If the First 4 Job Awards Garnered Rm428 Millions worth of Revenue or RM107 MILLIONS PER JOB AWARD AVERAGING -- WE CAN SAFELY DEDUCT THAT THE LAST 2 JOB AWARDS EASILY GARNER ANOTHER RM200 MILLIONS OR MORE
SO VELESTO ALREADY GOT 6 JOB AWARDS WITH OVER RM600 MILLIONS IN REVENUE IN THE BAG
AND GOING INTO YEAR 2019 WITH EVEN MUCH BRIGHTER PROSPECT DUE TO PETRONAS INCREASING OIL RIG COUNT BY 40% TO 93%
Today the last of those who got bonus umw og shares from UMW might be selling plus all stale holders
ONCE CLEARED VELESTO WILL CROSS 30 SEN AND NO LOOKING BACK FOR A VERY LONG TIME
WHAT YOU ALL SHOULD DO
1) BUY AS MUCH AS YOU CAN WHILE YOU CAN GET BELOW 30 SEN.
2) SELL OTHER OVERVALUED STOCKS LIKE DAYANG AND SWITCH TO VELESTO SELL MFLOUR AND SELL IFCA ALSO. SELL ALL OTHERS WHICH YOU THINK CANNOT GIVE YOU 100% PROFIT AND BUY VELESTO
3) SELL & CLEAR DEAD STOCKS (CUTLOSS NOW) BUY AND MAKE BACK FROM VELESTO
REMEMBER:
ONE POSITIVE POWERFUL BULL OF BULLS STOCK LIKE VELESTO WILL MAKE UP FOR YOUR OTHER LOSSES IN BAD STOCK!!!
With 8,125,218,000 (dilute 9,638,618,000) shares issued, a RM 80,000,000 million net profit (this will be very stretch) for 2019 only gives 0.98/0.83 sen. You choose what ever PE you like and decide.
There is no other oil and gas stock so safe like Velesto right now
Velesto has
1. Superior Assets Most oil rigs and HWUs are only 4 to 5 years old And they are chun chun at the right time in the right place... Just when Petronas is recommissioning moth-balled oil rigs and clod up oil wells
2. Superior Paymasters Jobs contracted from Petronas and Shell ensure prompt payments
3. Superior Balance sheet Of the 3 heavyweights Velesto gearing only 0.3 to 0.4. All backed by valuable real assets in oil rigs and HWUs
4. Superior Price
Velesto was once over rm4. 50 Now only 30.5 sen The opportunity for upside is immense while losses almost negligible
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 87 views | 7 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 369 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
55,832 posts
Posted by calvintaneng > 2019-03-11 21:06 | Report Abuse
See Dato Dayang as Director of VELESTO (5243)
https://velesto.com/board-of-directors/