Posted by SuperPanda > 2018-11-21 10:12 | Report Abuse

when counter is dying, im buying. lock some at 26.5. bet on better earnings in coming rpt.

Posted by H12345 > 2018-11-21 10:46 | Report Abuse

Superpanda, I also bet on this one, I believe it will steadily move up, a lot of drilling activities are ongoing/coming.

Posted by SuperPanda > 2018-11-21 13:13 | Report Abuse

the only quarter it can perform well will be this coming rpt when all rig run and oil was at 70-80usd jul-sep.

Posted by H12345 > 2018-11-21 14:48 | Report Abuse

The oil price will not actually affect drilling activities immediately, because it is a long term investment before you can produce, when it was 80usd the industry already predict it is not sustainable, and 50-60usd is good enough.

Posted by SuperPanda > 2018-11-22 19:27 | Report Abuse

going to rebound soon. may the force be with you.

Posted by JJchan > 2018-11-23 14:46 | Report Abuse

waiting for results

Posted by bovunbursa > 2018-11-23 17:15 | Report Abuse

Fxxk result gain

Posted by bovunbursa > 2018-11-23 17:15 | Report Abuse

With all rigs occupied still bleeding. Speechless

Posted by turbo8672 > 2018-11-23 18:08 | Report Abuse

adui.. recovery on longer terms required

Posted by SuperPanda > 2018-11-23 18:10 | Report Abuse

seems will rugi 2c next mon, nevermind move on.

Posted by snwong13 > 2018-11-23 18:27 | Report Abuse

.
Some improvements!
Better than never!

Posted by HuatlaiOnglai > 2018-11-23 20:01 | Report Abuse

Q3 earning Result out already ? Pls share. Tq

Posted by offshore > 2018-11-23 22:18 | Report Abuse

https://www.bloomberg.com/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more

Posted by KEYBOARD > 2018-11-26 10:49 | Report Abuse

haha...train to holland

Posted by weng77 > 2018-11-26 15:31 | Report Abuse

Light at The End of The Tunnel for The Offshore Rig Fleet
Charter rates for Offshore rig is going up....
Be patient....

https://www.hellenicshippingnews.com/light-at-the-end-of-the-tunnel-for-the-offshore-rig-fleet/

Posted by OngMoneyOng > 2018-11-26 22:39 | Report Abuse

Dead man walking

Posted by Lewis Lee > 2018-11-27 12:00 | Report Abuse

trapped men crying !

Posted by anonymous98 > 2018-11-27 15:09 | Report Abuse

sad counter

Posted by RMSB > 2018-11-27 16:06 | Report Abuse

Que sera sera

Posted by azmini > 2018-11-28 08:48 | Report Abuse

How long to wait ?...

Posted by m_aloha > 2018-11-28 17:46 | Report Abuse

for next qtr & be patience., company expects a higher utilisation of both jack-up drilling rigs and hydraulic workover rigs in the second half of 2018 from the secured projects. if still not improve just say good bye

Posted by RMSB > 2018-11-29 17:44 | Report Abuse

Going Holland everyday

Posted by OngMoneyOng > 2018-11-29 20:20 | Report Abuse

Sure go Holland lah

Posted by rijack88 > 2018-11-30 11:55 | Report Abuse

??

Posted by Tunjung > 2018-11-30 12:06 | Report Abuse

Tp 5 sen

Posted by azmini > 2018-11-30 12:34 | Report Abuse

Why going to Holland so fast?..

Posted by Surewind > 2018-11-30 12:36 | Report Abuse

I'm loosing 20k on this share alone. Should have cut half when i had the chance.

Posted by Airline Bobby > 2018-11-30 12:36 | Report Abuse

o m g. Management needs to up their game ~

Posted by Turnaround > 2018-11-30 13:34 | Report Abuse

Wao... So surprised for the drop

Posted by sc Khaw > 2018-11-30 14:34 | Report Abuse

furcked up company. PN17 soon .

Posted by anonymous98 > 2018-11-30 17:13 | Report Abuse

surewind... bought in at 30 cents?

Posted by RMSB > 2018-11-30 17:23 | Report Abuse

Totally screwed

Posted by azmini > 2018-11-30 18:50 | Report Abuse

What happened ?.

Posted by Money122 > 2018-11-30 20:13 | Report Abuse

When can reach 0.48 again?!

Posted by Surewind > 2018-12-01 23:29 | Report Abuse

Thats the price after averaging down.. I've been keeping for almost a year...

Posted by James Ng > 2018-12-03 09:26 | Report Abuse

https://klse.i3investor.com/blogs/general/184838.jsp
[转贴] [Facebook live:浅谈Velesto Energy berhad (Velesto)] - James的股票投资James Share Investing

Posted by RMSB > 2018-12-03 17:31 | Report Abuse

0.48 no chance la. This one already gone case

Posted by klse007 > 2018-12-03 22:15 | Report Abuse

Coming SOON

Posted by Parttimer > 2018-12-04 11:01 | Report Abuse

PN17 soon ?

Posted by HuatlaiOnglai > 2018-12-05 07:25 | Report Abuse

Parttimer....Why PN17?

Posted by ZEPAN > 2018-12-05 07:34 | Report Abuse

Posted by Parttimer > Dec 4, 2018 11:01 AM | Report Abuse

PN17 soon ?


Don't talk nonsense, where's the proof? You trying to spread bad news so as to buy cheaper? Damn you stinking person, go to hell you lah.

Posted by steven_c > 2018-12-05 10:52 | Report Abuse

If we look into their financial statements, they have narrowed down their net loss comparing to previous year. 9 months cumulative period for Sept 2018 is also showed a narrower loss compared with 9 months cumulative period for Sept 2017. Cash flow wise, they have shown operating profits against operating losses in previous year. Much of the free cash flow was used to repay bank borrowings which should be an obligation to reduce debt. If Velesto can win more contracts to utilize more of their rigs, it will be better. I believe next quarter should be better as earnings from Naga 4 should be reflected then. My 2 sen thoughts.

Posted by plroo7 > 2018-12-05 13:33 | Report Abuse

10q steven for ur comments....

Posted by Oowa > 2018-12-07 19:33 | Report Abuse

Good investment

Posted by RMSB > 2018-12-11 09:30 | Report Abuse

its all "IF" It's going Holland la. .20 heading South. Bye Bye

Posted by commonsense > 2018-12-11 16:27 | Report Abuse

The company 3Q18 result was really dissapointing given that most investors were hoping for a small profit as a signal for the company's turnaround back to profitability. Instead the company posted a loss of rm24.8mil eventhough utilisation rates were higher at 75%. Given the depressing charter rates, the company might only be able to record a small profit (relative to its market cap) even at a utilisation rate that nears the 90% level.

I think investors might be better off investing in other profitable businesses. I think in 2019 the company would still be in the red but hopefully at a lower loss level. If you are still interested in the O&G industry, it is better to invest directly in the oil field owners ( to take advantages of any increase of oil price) or to focus on Malaysian downstream related business ( to take advantage of Petronas focus spending in the downstream industry). Upstream focused companies outlook in the near future does not seem too bright. Given the volatility of the oil price and Malaysian government needs for higher dividend from Petronas, it might be a while before we can see the revival of the upstream service industry.

For those looking to diversify in companies outside of the O&G industry, i would proposed you look at MBMR (https://klse.i3investor.com/servlets/stk/pt/5983.jsp).' target='_blank'>https://klse.i3investor.com/servlets/stk/pt/5983.jsp).

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.

Posted by mr yong > 2018-12-11 16:40 | Report Abuse

一起做過的蠢事情
https://www.youtube.com/watch?v=JkDltHER9rc

Posted by Huatexpert > 2018-12-13 14:39 | Report Abuse

Current Market Capital of Velesto energy is RM 1.6 bil
Last yr May, it raised RM 1.8 bil cash from right issue...
Velesto is a value play with current low price...
The current market capital is lower than cash it received last yr from right issue share.

Posted by Rowie > 2018-12-13 18:18 | Report Abuse

Wait till mkt gets wind of this news.
PNB sleeping

Posted by i3lurker > 2018-12-13 18:26 | Report Abuse

actually the Seven Sisters started asset sales quite some time back knowing full well what was going to happen.

and we had Exxon, BP and Shell also selling. After asset sales we now have Petron, BHP and Heng Yuan.

Our local bumi entrepreneurs stepped into the "trap" basically due to greed for purchasing at low prices which were actually sky high.