Sarawak premier Abang Johari Openg has revealed that a solution has been reached over the dispute between Sarawak and Petronas over the rights to oil and gas (O&G) resources in and around the state, with Prime Minister Anwar Ibrahim set to announce it soon.
Don't be greedy for few thousands, later you will lose double of it. Velesto will ends up like Serbadk. From 4.00 down to 0.15 (drop more than 1,000%), if the company don't have MAJOR crisis, it wouldn't drop more than 1,000%
They flushing out all the foreign investors before local institutions join in... I guess. Nothing wrong with the company. Don't compare Serba with Velesto. Serba is facing accounts fraud charges, and PNB is not an owner of Serba.
Company cash flow is healthy, and a favourable order book is in hand... How can it go bankrupt? Unless you have evidence to support your theory, I would like to hear that too.
I know you guys are frustrated, but just think practically: PNB, as a major owner or shareholder, do you think they want this company to go bankrupt? They will lose everything. If PNB really wants to exit, the only choice is either to hand over to a new owner like what they did to UMW Toyota (sell to Sime Darby) or they privatise it (like Bplant).
54% stake at current price is a steal for a counter that’s going to be net cash soon. Considering there is actually a strong team of COO and CFO doing their job both operationally and financially. Will be exciting Q3,25 onwards.
Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol
Haha! You asked a very sensitive question that no one dares to tell you exactly what is going to happen in the future 😂😀😃. Follow your own instinct; trade wisely.
Price depends on Naga’s Utilization. If all naga’s contracted, earning potential 60-80M profit a quarter. Now only 3 Nagas contracted, that’s why price tanked.
Tenderbook increased from 3B to 5B, so if COO is really good; then have chance to get all naga’s contracted. 0 Naga contracted, PN17. 3 Naga contracted, this price. If all 6 naga’s contracted, easily above 30sen.
Donald Trump wants shale producers to activate their drilling work, but it seems not many shale producers are aligned with Trump's idea. They've been slashed badly previously during the Biden administration by so-called green policy. Now, they are not keen to come back and do the drilling job unless Trump can pursue them with some special privilege, or else "drill, baby, drill" is not going to work out.
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....
Genovese
201 posts
Posted by Genovese > 1 month ago | Report Abuse
Velesto please go out of Malaysia water. See that dayrate your air liur keluar tak??
Shallow-water driller Borr Drilling has secured a handsome dayrate with a new contract in West Africa for one of its jack-up drilling units.
The 2011-built jack-up Norve will go on contract at about $181,250 for a 320-day