Posted by tallman > 2018-05-21 23:48 | Report Abuse

I guess the q rpt is red.if not PBN wouldn't thrown 5 mil of shares.

Posted by mawiLegend > 2018-05-22 00:09 | Report Abuse

tabung haji will more acquire this counter then pnb & asb..this is weird..aiyaaa

Posted by JJchan > 2018-05-22 09:24 | Report Abuse

1Q18....could be just a few millions black or Red ....but saving in interest payment could be the King
Maker

Posted by JokerT > 2018-05-22 10:22 | Report Abuse

today TP 0.320 - 0.325 .. collect now

Posted by Alsen228 > 2018-05-22 10:55 | Report Abuse

Really joker

Posted by JJchan > 2018-05-22 11:08 | Report Abuse

I don't know whether 4Q17 interest payment truly reflects the actual interest saving from July 2017 Debt restructuring-----If it is Not then 1Q18 profit will solely comes from reduced interest payment...
could be 10's of millions

Posted by gammaport > 2018-05-22 11:56 | Report Abuse

Change of Company Name

The Board of Directors of the Company wishes to announce that the Company has today received the Notice of Registration of New Name dated 21 May 2018 issued by the Companies Commission of Malaysia.

Accordingly, the name of the Company has been changed from "UMW Oil & Gas Corporation Berhad" to "Velesto Energy Berhad" with effect from 21 May 2018.

Posted by SuperPanda > 2018-05-22 12:23 | Report Abuse

next qtr may still red but for sure impairment no longer a burden

Posted by JJchan > 2018-05-22 12:50 | Report Abuse

If 1Q18 is in Green, umwog will rally to 60c bcoz 2Q18 will look almost like 1Q18......only 3Q will
look very Black

Posted by Haha > 2018-05-22 13:07 | Report Abuse

qtr should be more better than the last...

Posted by willc48 > 2018-05-22 13:44 | Report Abuse

Punished by bajib & the geng, this company will interest to PH will benefit from oil prices is up

Posted by 1151204499 > 2018-05-22 13:46 | Report Abuse

I clear and new government will also help stock to be more confident

Posted by maol > 2018-05-22 17:04 | Report Abuse

白日梦死人会复活

Posted by freddiehero > 2018-05-22 17:22 | Report Abuse

haha.. nice words

Posted by freddiehero > 2018-05-22 17:22 | Report Abuse

i believe i can fly..

Posted by JokerT > 2018-05-23 09:48 | Report Abuse

rebound time

Posted by Alsen228 > 2018-05-23 10:00 | Report Abuse

No hope

Posted by ankahill > 2018-05-23 10:01 | Report Abuse

In RED again?? Maybe 1 thrillion!! hahha

Posted by Alsen228 > 2018-05-23 10:09 | Report Abuse

Oil price up.....umwog no up.....maybe wait for name change first

Posted by miaomiao79 > 2018-05-23 10:16 | Report Abuse

habis ... cut or hold ... x_x

Posted by keyboardfighter > 2018-05-23 10:16 | Report Abuse

After change of the name sure come with RI zzzz

Posted by Max2838 > 2018-05-23 12:41 | Report Abuse

Velesto Chairman naikkan gaji RM307,000 kepada enam(6) independent directors.....
PM Tun Mahathir turunkan 10% gaji Menteri2...
Both execute their decisions because business is not going on so well...
Which one has got it right, you wonder.... ?

Posted by Alibaba007 > 2018-05-23 13:50 | Report Abuse

Buy low for raya

Posted by JJchan > 2018-05-23 14:01 | Report Abuse

1Q18 is most likely the worst quarter in 2018-----i am expecting profit around 8--10m in "Red "
but if change to abit "Green" it will very great ( due to reduced Finance cost from 2.1B injection from Pnb)

Posted by JJchan > 2018-05-23 14:07 | Report Abuse

The Question is what justification "they" used to increase Salary.......

Posted by DualShock > 2018-05-23 15:01 | Report Abuse

But old name not "Ong" I guess, suddenly surprise "Red" + "Red"

Posted by anson938 > 2018-05-23 15:47 | Report Abuse

its might a good result...

Posted by KEYBOARD > 2018-05-23 15:51 | Report Abuse

if take high salary give a rubbish profit...need.ready egg to agm already

Posted by anson938 > 2018-05-23 16:10 | Report Abuse

You are right!

Posted by offshore > 2018-05-23 18:22 | Report Abuse

Agm already past. Wait for next year.

Seriously, board meetings are held monthly. The management is always occupied with board paper preparation instead of focusing on operations. Despite monthly board meetings all this while which mind you, the directors will get some allowance from attending them, it is not showing any result. Again look at the profile of these directors and see how many of them are actually oil and gas service contractor background.

Posted by Stephenloo > 2018-05-23 20:30 | Report Abuse

Anyone know when the QR will announce ?

Posted by chromacon > 2018-05-24 10:02 | Report Abuse

QR by 30 May 2018

Posted by Alibaba007 > 2018-05-24 10:05 | Report Abuse

Tp0. 45

Posted by Stephenloo > 2018-05-24 10:22 | Report Abuse

Thx chromacon
But don't know whether got improvement or not

Posted by KEYBOARD > 2018-05-24 10:52 | Report Abuse

b.oil reach usd80...don't say cant get any jobs!!!or less revenue than last years or quarter!!!

Posted by KEYBOARD > 2018-05-24 10:54 | Report Abuse

b.oil40 got exvuse..now.is.70 maintance near half years..still cant give a good result director turun!!!!

Posted by JJchan > 2018-05-24 17:10 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5800421

My calculation of a little Bit PROFIT is here------4.8M in GREEN------very happy

Posted by JJchan > 2018-05-24 17:13 | Report Abuse

16m saving in Finance Cost......almost all profit comes from here......(2.1B Pnb injection save the day)

Posted by DO RE MI > 2018-05-24 17:13 | Report Abuse

qr out: result positve

Posted by lala23 > 2018-05-24 17:19 | Report Abuse

question.. from the report how to know what is the other receivables? and how to know its from PNB ?

Posted by JJchan > 2018-05-24 17:25 | Report Abuse

dial back to July---Sep 2017 you will get the answer

Posted by mmmc15 > 2018-05-24 17:25 | Report Abuse

Wow~ superb~~

Posted by DualShock > 2018-05-24 17:43 | Report Abuse

Let see tomorrow got power or not. I guess can not be "Turbo" engine run yet.

Posted by SuperPanda > 2018-05-24 17:49 | Report Abuse

wow.. its a green.. well done!
even though revenue lower and drilling operation still at loss, this is good sign considering jan-mar brent around 60-70usd.. we can tell coming qtr will be better and if new contract awarded will fly to german..

Posted by SuperPanda > 2018-05-24 17:49 | Report Abuse

Drilling Services Segment

In the first quarter of 2018, the Drilling Services segment contributed revenue of RM118.0 million or
96.9% of the total revenue of RM121.8 million, an increase of RM47.1 million or 66.4% over the
RM70.9 million recorded in the same quarter of 2017. Out of the seven jack-up rigs, five were
income-generating, whereby four of them contributed full-quarter revenue in the first quarter of 2018.
The average asset utilisation rate was 65% as compared to 26% in the same period of 2017.
As a result, the Drilling Services segment incurred a significantly lower loss before tax of RM18.1
million in the first quarter of 2018 compared to the loss of RM96.1 million reported in the same quarterof 2017, an improvement of RM78.0 million or 81.2%

Posted by Alibaba007 > 2018-05-24 17:50 | Report Abuse

1mdb kes drop.
Turbo open buy low is winner. When Tp0. 4

Posted by SuperPanda > 2018-05-24 18:15 | Report Abuse

The Group is presently focussing on securing more contracts and improving operational efficiency.
The potential improvement in both utilization and operating cost is expected to contribute positively to the financial performance of the Group for the financial year 2018

Posted by SuperPanda > 2018-05-24 18:16 | Report Abuse

Buy and hold !

Posted by Stephenloo > 2018-05-24 18:25 | Report Abuse

The new name of Velesto Energy starting to bring us some luck on coming days.

Posted by apolloang > 2018-05-24 18:28 | Report Abuse

last time got an O&G company name start with V,i forgot the name,listed a couple of years and kena PN 17. ValesTO not a good name. TO means bangrupt in hokkien.....hahaha