Posted by sooaria > 2019-03-27 14:59 | Report Abuse

Hi Sales, You too, have a great day ahead.

Posted by sooaria > 2019-03-27 14:59 | Report Abuse

If we have money then, we keep on buying more on weakness, and then hold tight

Posted by sooaria > 2019-03-27 15:00 | Report Abuse

Calvin chun chun , trust in Calvin, and believe in Calvin

Posted by sooaria > 2019-03-27 15:01 | Report Abuse

Vele Vele good, velieve velieve, Calvin ( velieve = believe) :)

Posted by JJchan > 2019-03-27 15:45 | Report Abuse

Rental Jack-up rig $65,000/Day---negotiable

Posted by sooaria > 2019-03-27 15:50 | Report Abuse

Big volume buying Velesto now at RM0.29 , total volume 11 Million as of now

Posted by sooaria > 2019-03-27 15:50 | Report Abuse

Congrat to those who buy earlier

Posted by sooaria > 2019-03-27 15:50 | Report Abuse

Hurry buy before it turn RM0.30

Posted by sooaria > 2019-03-27 15:50 | Report Abuse

Time wait for no one, money wait for no one, your own destiny

Posted by sooaria > 2019-03-27 15:51 | Report Abuse

Big volume buying, something brewing

Posted by sooaria > 2019-03-27 15:51 | Report Abuse

Thank you Calvin, chun chun

Posted by sooaria > 2019-03-27 15:51 | Report Abuse

Let's huat together

Posted by JJchan > 2019-03-27 16:05 | Report Abuse

I hope announcement before 1Q19 Ends-----Next week Die,Die must have announcement, i already Bought firecrackers

Posted by stocking > 2019-03-27 16:11 | Report Abuse

throwing everything into this counter...once in a life time

Posted by offshore > 2019-03-27 16:43 | Report Abuse

Haha, Q1 normally will be announced next month, maybe right before the AGM. Remember to attend their AGM and ask the right question instead of trusting someone in this forum.

Posted by DoomStock > 2019-03-27 16:59 | Report Abuse

Hmmmmmmmm..some big funds throwing aggressively..careful now..Hahahah..

Posted by kenzylim > 2019-03-27 16:59 | Report Abuse

Last 10minutes huge volume throw hehe

Posted by SuperPanda > 2019-03-27 22:33 | Report Abuse

next qtr will have better earnings since jan-mar oil price is at uptrend compare than oct-dec last year

Posted by Rowie > 2019-03-27 23:02 | Report Abuse

Rowie Velesto does not own nor sell crude oil. It depends on oil rig contracts.
Even if oil reaches 100 USD it's no use if velesto not awarded contracts
Comprehendo amigo

Posted by DoomStock > 2019-03-28 09:02 | Report Abuse

Cheap sale folks...grab before its too late..hahaha

Posted by sooaria > 2019-03-28 09:08 | Report Abuse

RM0.275 , so low sold , does not really look good

Posted by sooaria > 2019-03-28 09:10 | Report Abuse

https://www.theedgemarkets.com/article/treasuries-rally-builds-asia-stocks-set-slip

Posted by DoomStock > 2019-03-28 09:11 | Report Abuse

U wouldn't see that price on sale again. Opportunity now opened to those who believe Velesto will secure a few contracts in the coming months. Dare to buy low & sell high? Hahahahah..

Posted by sooaria > 2019-03-28 09:11 | Report Abuse

Source : The Edge
(March 28): Stocks in Asia looked set to mostly open lower after a retreat in U.S. equities and an extension of the rally in developed-market sovereign bonds amid global growth concerns. The dollar rose.

Posted by sooaria > 2019-03-28 09:12 | Report Abuse

Source : The Edge
Futures signaled a lower start for shares in Japan and Hong Kong, with Australia and China indicating a more muted open. The S&P 500 Index declined as a fall in oil prices weighed on energy producers. Treasury 10-year yields dropped to the lowest since December 2017, and rates on benchmark German Bunds sank further below zero after European Central Bank President Mario Draghi said an accommodative stance is still needed. The pound retreated as a U.K. Parliament vote showed no majority for any Brexit options.

Posted by 100000668624314 > 2019-03-28 09:13 | Report Abuse

THE END FOR VELE VELE GOOD ... HMMM

Posted by sooaria > 2019-03-28 09:13 | Report Abuse

Velesto - For long term hold , need wait, no worry

Posted by DoomStock > 2019-03-28 09:18 | Report Abuse

Let me motivate you guys today.....Hahahaha..

Posted by Flyinghorse > 2019-03-28 09:21 | Report Abuse

Second top volume today

Posted by DoomStock > 2019-03-28 09:22 | Report Abuse

During such a scary times, u should never forget two things:

1. widespread fear is yr freind as an investor, bcos it serves up bargain purchases.

2. personal fear is yr enemy

Posted by sooaria > 2019-03-28 09:24 | Report Abuse

Flying Horse, agree with you , Second top volume today

Posted by sooaria > 2019-03-28 09:24 | Report Abuse

Why ? Calvin, care to share

Posted by DoomStock > 2019-03-28 09:26 | Report Abuse

In other words, don't fall victim to widespread panic & begin selling off stocks. Don't follow the herd mentality. Instead take this opportunity to buy....Hahahaha

Posted by calvintaneng > 2019-03-28 09:30 | Report Abuse

HI GUYS

INVEST LONGER TERM SHOULD BE VELE GOOD FOR THESE 3 STRONG FACTORS

1. THIS YEAR 2019 IS UPSTREAM FOR OnG AS LAST YEAR WAS SPENT IN DOWNSTREAM RAPID REFINERY

SO RM15 BILLIONS WILL GO TO UPSTREAM JOBS FROM RM11.5 BILLIONS IN YEAR 2018

THAT MEANS THAT ALL UPSTREAM OIL AND GAS ENTITIES WILL SEE EXTRA 30% INCREASE OF SPENDING BY PETRONAS


2) PETRONAS MANIFESTO SHOWED HWUs USAGE WIL INCREASE FROM 3 TO 6 OR 100% MORE (VELESTO IS SPECIALIST IN OFFSHORE HWUs)


3) OIL RIGS WILL INCREASE FROM 15 TO 25 OR UP TO 29 OR UP FROM 40% TO 93%

AGAIN OIL RIG IS VELESTO FORTE

JUST ADD ON WEAKNESS

Posted by tebrauteguh > 2019-03-28 09:43 | Report Abuse

Lagi cheap at 0.28
Buying more.
Yea. Everyday drop 0.05 daily

Posted by DoomStock > 2019-03-28 09:43 | Report Abuse

Innovation, productivity gains, entrepreneurial spirit & abundance of capital will certainly see the worth far more in the coming months.

Many companies, of course , will be fall behind & some will fail. But ask yrself this question. Will your counter be one of the failed company for year 2019? Hahahaha

Posted by DoomStock > 2019-03-28 09:48 | Report Abuse

Most important, it's impossible to predict when the economic crises will happen, but they are of course inevitable. Hahahaha

Posted by IronShirt > 2019-03-28 10:09 | Report Abuse

better don't short this counter, i heard announcement coming (don't want to turn Botak next week)

Posted by DoomStock > 2019-03-28 10:14 | Report Abuse

Critical support level for yr stock now is at 0.275. Once broken will open opportunity for continuous sale for this counter...….Will it happen? Time will be the judge to that. Hahahaha..

Posted by DoomStock > 2019-03-28 10:26 | Report Abuse

O & G counters on sale now after the recent uptrend. Most investors are taking this bearish market sentiments locking in for some profits. Remember folks, after Petronas announcement on CAPEX, the fundamental for O&G still intact. Would u buy more O & G counters? The big funds are. Would u? Hahahahah..

Posted by DoomStock > 2019-03-28 10:34 | Report Abuse

To those O & G investors this is an open secret: https://www.thestartv.com/v/petronas-rigs-in-malaysian-waters-to-increase

Hahahahaha..

Posted by DoomStock > 2019-03-28 10:39 | Report Abuse

Ok folks, the decision to sell or buy is yours. Happy Investing Folks

Posted by IronShirt > 2019-03-28 11:01 | Report Abuse

my remisier said, you think only you know how to count, once the nos. rigs are confirmed Go.
Bank mutual funds will Buy for 9-10 months period. Bad 1Q already known, price already factored
in,,,,BB will stop buying when target price is reached,,,,,All the sochai ikan Bilis will continue goreng
until 2020

Posted by shahbj > 2019-03-28 11:13 | Report Abuse

Hi ppl..is 0.275 best buy now or can drop further for this vele?

Posted by DoomStock > 2019-03-28 11:37 | Report Abuse

Naga 6 is currently undergoing special periodical survey (SPS), a maintenance check up every 5yrs which usually takes 1-2mths. Naga 2 & 5 will be sent for SPS in March. As such a weaker utilisation anticipated in 1Q19 as only 4 rigs r workings amidst monsoon season.

Saying that while the 4 rigs have expired in January 2019, these rigs have verbally secured redeployment in 2Q19 just pending official announcements sometime to be out in the 2Q19.

By the time the news on the rigs are out, you will regrets of not buying during the correction times.

So buy on rumor (an open secret on new contracts) & sell on news. But if the news is much better than forecast, this will sends the price higher still. Then the early birds are positioned to make even better profits.

If the news fails to match expectations, still the early birds will still make some profits. Hehehehehe..

Posted by Huatexpert > 2019-03-28 12:00 | Report Abuse

Break even point for rig utilusatio is 77%.
As reference , When the utilization above 77%, then the quarterly result will be profitable..

From Maybank.

“We posit its profit and loss (P&L) break-even to be at an estimated 77 per cent utilisation. While this is a positive, DCRs are likely to be unchanged, at US$68,000 to US$70,000.”

Posted by DoomStock > 2019-03-28 12:26 | Report Abuse

Again, a weaker utilisation anticipated in 1Q19 as only 4 rigs r workings amidst monsoon season. Meaning current prices had factored in the 1Q19 results.

As such with the announcements new contracts plus a weak anticipated 1Q19 results in the 2Q19, which way do u think the share price will go!

Remember folks, by the time the announcements on new contracts are official, the 2Q19 & 3Q19 anticipated results will be factored in the share prices. So will the early birds benefitted buying on bearish sentiments? Hehehehehe..

Posted by Airline Bobby > 2019-03-28 12:31 | Report Abuse

Stay tuned till end of the year to find out ~

Posted by shahbj > 2019-03-28 13:05 | Report Abuse

Looks like it will further drop to 0.260..I m quieng there..to average up..since I was to rush to buy when it break 0.30 level recently..

Posted by Tian Sen Tester > 2019-03-28 13:13 | Report Abuse

Some say that they are planning a bonus payout after the AGM. Hopefully that's true.