Posted by Rowie > 2018-12-13 19:04 | Report Abuse

It's time for a rebound

Posted by Rowie > 2018-12-13 19:04 | Report Abuse

Back to 26 sen

Posted by Rowie > 2018-12-13 19:07 | Report Abuse

Then 30 sen with Petronas 2019 outlook on upstream contracts

Posted by Rowie > 2018-12-13 21:25 | Report Abuse

Sure run soon

Posted by freddiehero > 2018-12-13 21:26 | Report Abuse

it miss armada..

Posted by steven_c > 2018-12-14 10:26 | Report Abuse

Huatexpert, thanks for sharing the news on Petronas Outlook Activity 2019. Definitely good piece of news for Jack-up rigs owners. Quite a number of rig owners in Malaysia, like velesto, sapura, perisai, etc. Velesto will need to try and push out their rigs more aggressively. Appears that Sapura is more aggressive and winning many more contracts in the same field. Velesto needs to achieve rig utilization rate of 85% for it to be back in the black (at the current operating margins).

Posted by azmini > 2018-12-19 09:59 | Report Abuse

Going to south..

Posted by Jaden > 2018-12-19 10:59 | Report Abuse

Dis company no project.. salary & director fees jalan.. hehe

Posted by 888newbie > 2018-12-19 14:38 | Report Abuse

Those who are switching to Sapura should take a look at the directors pay.

Posted by Jaden > 2018-12-19 18:17 | Report Abuse

If jatuh like Sumatec or Perisai.. I pengsan

Posted by Rowie > 2018-12-19 18:56 | Report Abuse

I pengsan already

Posted by offshore > 2018-12-19 23:57 | Report Abuse

If the company gets full utilization, it can probably ngam ngam breakeven based on today's DCR, without full utilization, what do you expect? Funny is analysts still asking us to buy but their target price keeps dropping.

Posted by ZEPAN > 2018-12-20 05:14 | Report Abuse

Posted by 888newbie > Dec 19, 2018 02:38 PM | Report Abuse

Those who are switching to Sapura should take a look at the directors pay.



absolute ridiculous pay in hundreds of million ringgit. even Genting directors and MD don't get even 10% of what these directors and MD of Sapura are getting ..I guess only the stupid people follow and buy this counter while the directors laugh all the way to the banks.

Posted by azmini > 2018-12-21 08:32 | Report Abuse

Dear Sifus..Any hope for this counter ?

Posted by steven_c > 2018-12-21 10:15 | Report Abuse

Hi Azmini, I am not a sifu here ya? Rather i am just an ordinary shareholder to Velesto trying to find out if there're any leads to this counter. I am also very concerned as you are as i invested in Velesto trusting the management to do a turnaround after the restructuring and rights issue exercise. However, my concerns starts to turn into anxiety when the price dropped to 18cents a share. Sigh... However external feelings aside, I noted their latest quarter report is showing some improvement by narrowing their losses. Another bright side is Petronas has just revealed their activity outlook for 2019 in which they may require 16-18 jack-up rigs to increase production. It is definitely going to be a positive news to Velesto. I am expecting Velesto to work harder to increase their Jack-up rigs utilization rates. The opportunity is given by Petronas now. However, looking at the price of oil now, i will imagine their future operating margin may be squeezed as well. My opinion to this is, if i am already invested (sitting on paper losses now), i must as well hold for the long term waiting for the price of oil to recover to at least USD$75-80 per barrel to see a handsome operating profits for Velesto.

Just my 2 sen thoughts, and yes, i am sitting on paper losses now.

Posted by signalmw > 2018-12-21 10:31 | Report Abuse

（美国．纽约21日讯）国际油价20日收盘下跌。

当天美国股市大跌令市场避险情绪明显升温，传统意义上被视为高风险的石油资产遭到投资者抛售。

Posted by azmini > 2018-12-21 12:15 | Report Abuse

Thanks a lot steven_c.

Posted by Shareview123 > 2018-12-21 15:09 | Report Abuse

Velesto , Hibiscs , Dnex , Sapnrg all making u turn , going up .

Posted by mikeann > 2018-12-21 19:47 | Report Abuse

Stock grossly oversold. Rebound imminent. First resistance at 0.20

Posted by johnbrooks > 2018-12-25 07:24 | Report Abuse

Based on people's comments, at best velesto can only make small profit even at almost 100% utilisation rate. Mainly becos the charter rate is low at the moment. Even if oil price recover back to $70/bl, charter rates would still not rise much. Then why are investors still buying or holding to this stock? Why not look elsewhere?

Posted by Airline Bobby > 2018-12-26 21:48 | Report Abuse

Pnb will do something. They own it.

Posted by paperplane > 2018-12-26 22:03 | Report Abuse

Use pnb investor money to bailout, wtf

Posted by offshore > 2018-12-27 09:04 | Report Abuse

In reality, this company is owned by its financiers. There is only so much PNB can do. Now the price is so cheap, PNB should be able to easily take it private. Why don't they do that? The contracts won by this company are also mostly short term. Due to that, there will always a short idling period before restarting another contract with another client. It's going to be difficult to achieve full utilization. Even a single day without revenue is a significant amount.

Posted by James Ng > 2018-12-29 11:20 | Report Abuse

https://klse.i3investor.com/blogs/general/188133.jsp
[转贴] [VELESTO ENERGY BERHAD：新的钻探合同数量有所增加，集团正在积极竞标和谈判新合同以取代即将到期的合同，通过出售及关闭没贡献的附属公司] - James的股票投资James Share Investing

Posted by Money122 > 2018-12-30 02:51 | Report Abuse

1. Velesto Energy Bhd

Formerly known as UMW Oil & Gas Corp Bhd before its rebranding in May, Velesto Energy Bhd failed to reach an expected turnaround by the end of its financial year ending Dec 31, 2018 (FY18) on lower utilisation of its rigs.

The stock was picked on expectations that its utilisation rate would register at 80% in FY18, but it had fallen to 75% in the third quarter of the year.

The group’s share price, which shot up to a one-year high of 46 sen on Jan 8, declined throughout the year to an all-time low of 17.5 sen per share on Dec 20.

The stock closed down 0.5 sen or 2.78% to 17.5 sen yesterday, leaving the group with a RM1.44 billion market value.

Although the group recorded a net profit of RM5 million in its first quarter of 2018 (1QFY18), it fell back into the red in the following two quarters, resulting in a net loss of RM32.6 million over the nine-month period ended Sept 30, 2018 (9MFY18).

Revenue has also underperformed in 9MFY18, down 2.73% to RM383.9 million versus RM394.7 million a year ago.

In October, Velesto president and executive director Rohaizad Darus told The Edge Malaysia weekly that he believes the worst is over for the company as it had cleaned up its balance sheet and is bidding for some US$500 million worth of jobs.

Analysts seem to agree as the counter is still favoured as a “buy” recommendation by five out of seven analysts with an eye on the stock. According to Bloomberg data, the consensus 12-month target price is 30 sen.

“With an improving outlook over the next 12 months, any short-term weakness in share price is an opportunity to accumulate,” said Maybank Kim Eng in a Nov 2018 report on Velesto.

Posted by HuatlaiOnglai > 2019-01-01 21:50 | Report Abuse

Many thing have change in Dec from Nov. With lower oil price it’ll push petronas to relook at their 2019 plan. Petronas plan for 2019 is based on Brent at 66/tong.

Posted by newbie911 > 2019-01-05 08:37 | Report Abuse

Right issue 0.3....now 0 .175.
Who subcribe it, bang head ?

Posted by offshore > 2019-01-07 09:46 | Report Abuse

I know many people subscribed because subscribers got warrants as sweetener. I wonder if the warrant has any value now.

Posted by ampabella > 2019-01-09 21:51 | Report Abuse

bang head, bang ball, bang Wall, bang everything, this is velesto

Posted by HuatlaiOnglai > 2019-01-10 11:40 | Report Abuse

Impressive. Can it sustain? Need more good news to drive price up.

Posted by kenie > 2019-01-10 16:37 | Report Abuse

Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/

Posted by 888newbie > 2019-01-10 16:37 | Report Abuse

CNY party started. Get ready to sell at 0.30

Posted by 286210 > 2019-01-10 17:01 | Report Abuse

Yeah CNY party.. Brent crude up again, now passed USD60. OPEC will implement production cut by Q2 this year?

Posted by Huatexpert > 2019-01-10 17:57 | Report Abuse

Velesto active, up 8.11% on positive technicals
On the way towards 0.30

http://www.theedgemarkets.com/article/velesto-active-811-positive-technicals

Posted by iamkkk > 2019-01-11 11:49 | Report Abuse

Possible to reach 0.30 before CNY ? Feel hopeless about this company.

Posted by Money122 > 2019-01-14 00:37 | Report Abuse

“我们看到捷硕越南发电厂价值，并发现产业问题将在今年内获解；VELESTO能源今年有望攫取更多合约，有助盈利复苏，而建筑业捎来正面消息，可能强化投资者对家盟吉的信心。”

Posted by digi_three > 2019-01-14 12:37 | Report Abuse

Velesto warrant shoots up 0.215 today from 0.005?? why mother share still at 0.21 ??

Posted by Money122 > 2019-01-15 02:56 | Report Abuse

Son up; mother will up too soon?

Posted by offshore > 2019-01-17 09:25 | Report Abuse

Up? Q4 announcement coming soon. I wonder if there will be impairment again. After so much impairment year after year and debt restructuring, still having quarterly losses. I guess when the management said they will be cash flow positive, this is on the premise if they can achieve 100% utilization.

Posted by Surewind > 2019-01-17 09:31 | Report Abuse

I honestly think some one accidentally bought warrant instead of mother. It was for 100 lot not much ringgit, but still an expensive mistake.

Posted by Lewis Lee > 2019-01-17 17:13 | Report Abuse

cold eyes recently recommend oil & gas counters, hope for the best !!
Hopefully Cold Eyes will accumulate Velesto !!

Posted by Mar2083 > 2019-01-18 15:12 | Report Abuse

Why sedden up?

Posted by NaasifBaik > 2019-01-18 16:59 | Report Abuse

got news on velesto?

Posted by neverlose > 2019-01-18 17:30 | Report Abuse

will check out elkdesa-la

Posted by matg > 2019-01-26 11:51 |

Post removed.Why?

Posted by 100000668624314 > 2019-02-13 10:08 | Report Abuse

up today ... hope is always there

Posted by OngOngMou > 2019-02-13 10:08 | Report Abuse

Velesto got good news

Posted by H12345 > 2019-02-13 10:26 | Report Abuse

Drilling activities are picking up so they should get more jobs, the question is how well the jobs are managed, last Q results was disappointing.

Posted by SK1200 > 2019-02-14 16:40 | Report Abuse

Collecting mode first..

Posted by Mar2083 > 2019-02-15 06:30 | Report Abuse

Will up today