VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.215

Today's Change

0.00 (0.00%)

Day's Change

0.21 - 0.22

Trading Volume

60,218,900


28 people like this.

24,132 comment(s). Last comment by leeabraham 1 day ago

paktua73

18,412 posts

Posted by paktua73 > 2019-11-18 12:37 | Report Abuse

june..Paktua already in at 0.39,today also eat at 0.39..
we come here to be a fighter..
we come..we in..we set..we hunt..
we're real stock fighters..
never scared fight..
but..
with our own styles..

https://youtu.be/qFXFkJbVl-Ih

we are red stock troopers..
dare to fight or die try


tut tut
troopers stand fight

gggSTOCK

116 posts

Posted by gggSTOCK > 2019-11-18 16:02 | Report Abuse

back to RM 1

Mabel

23,564 posts

Posted by Mabel > 2019-11-18 17:36 | Report Abuse

I have decided to put more queue today . Let's see if I can collect more this week...

Cheers!

yoyo

487 posts

Posted by yoyo > 2019-11-18 17:55 | Report Abuse

Popeye the sailor man. Let's sail to the north.

lee_m2020

4,784 posts

Posted by lee_m2020 > 2019-11-18 18:11 | Report Abuse

KENANGA targets .40 N TA targets .43. I pump on getting ready buying call tomorrow guys

lee_m2020

4,784 posts

Posted by lee_m2020 > 2019-11-18 21:35 | Report Abuse

Really do baby sharks do do do..

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-19 09:57 | Report Abuse

i just bought more Velesto at 0.385.
Cheers Velesto

DoomStock

270 posts

Posted by DoomStock > 2019-11-19 10:43 | Report Abuse

Will there be an impairment loss for this coming 3Q? Careful now folks as investors are still bearish on velesto even after announcing new job secured.

Mabel

23,564 posts

Posted by Mabel > 2019-11-19 11:32 | Report Abuse

I'm still waiting for someone to bite my queue...

Please sell...

lee_m2020

4,784 posts

Posted by lee_m2020 > 2019-11-19 11:55 | Report Abuse

The counter is supposely bullish but there is a mother shark and a baby shark keep pressing the price.

lee_m2020

4,784 posts

Posted by lee_m2020 > 2019-11-19 11:56 | Report Abuse

Once they had enough, it will bullish BUY CALL

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-19 12:20 | Report Abuse

Velesto - Have patience in Velesto
No hurry, as velesto has lots and lots of projects on hand..

THis is a good time to collect more Velesto at 0.385, is real cheap..
Once Velesto cross the marking of 0.5, there will be no more return to this cheap bargain price

yoyo

487 posts

Posted by yoyo > 2019-11-19 12:54 | Report Abuse

Big funds try to make the most from this uptrend via active exchange of share among them to show good return in year end report. I am happily buy and hold from .31, .34, .38

Mabel

23,564 posts

Posted by Mabel > 2019-11-19 17:37 | Report Abuse

My patience has been rewarded. Managed to collect more today.

Thank you for selling..

See you all at 50 !

Cheers!

Michael Kwok

6,291 posts

Posted by Michael Kwok > 2019-11-19 17:50 | Report Abuse

I'm also the writer of MLAB,AT.Today I say buy Anzo.At least rm 5000k .Please read before below then buy Anzo.

Posted by Michael Kwok > Mar 29, 2019 11:59 PM | Report Abuse X

Never set target too far.Every big run,begin with smaller run.Me set worst case scenario first for AT(0072).Yup I set the same target of 10-13 cent as worst case scenario for MLAB(0085)
17/11/2019 1:28 PM

Posted by diehardunited > 2019-11-21 00:34 |

Post removed.Why?

CHLEONG888

923 posts

Posted by CHLEONG888 > 2019-11-21 07:11 | Report Abuse

Oil price up 3%++, hope Velesto will surge at least 5%, all the best

lee_m2020

4,784 posts

Posted by lee_m2020 > 2019-11-21 09:38 | Report Abuse

never break .4 hardly .39 too.. im wait n watch only..

Mabel

23,564 posts

Posted by Mabel > 2019-11-21 09:59 | Report Abuse

It will come...

Now O&G Investors are focusing on Alam and KNM

Lewis Lee

1,658 posts

Posted by Lewis Lee > 2019-11-21 11:19 | Report Abuse

i think TP 0.50 can be reached by end of the year !

junetan11

107 posts

Posted by junetan11 > 2019-11-21 11:49 | Report Abuse

paktua, target price is what price?
my average is 0.31, thinking want add in?

flexibt

461 posts

Posted by flexibt > 2019-11-21 11:55 | Report Abuse

indigestion continues...

Amanahraya sell
EPF buy

neutralize

wait and see

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-21 12:05 | Report Abuse

Velesto Energy has received a Letter of Award from Carigali Hess, for the Provision of a Jack Up Drilling Rig for their 2020 drilling programme. Velesto has assigned Naga 8 for the job. The contract value for the firm period of 3 years amounts to USD131m with an extension of c.18 months. Work is expected to commence by 2H20. Post earnings revision and the new benchmark in day rates, we are upgrading our call to a BUY (from Hold) with a higher TP of RM0.46 based on 1.3x FY20 P/B multiple or +1SD above its 5 year mean P/B (from 0.9x FY19 P/B). Velesto remains an excellent proxy to recovering of oil prices and an uptick in upstream exploration and production activities.

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-21 12:05 | Report Abuse

Earnings visibility. We are positive on the contract secured as it cements Velesto’s rig utilisation and earnings visibility for FY20 onwards. Note that Velesto has achieved 70% rig utilisation in 1H19 and is targeting to hit 80% this year. We expect FY20 should better than FY19’s utilisation rates due to less incidences of SPS activity in FY20 (which takes c. 6 weeks per rig). This award essentially sets in motion the first of the major rig renewal contracts for Velesto. Note that Naga 4 & Naga 7 will come up for renewal throughout 2020. NAGA 8 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet.

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-21 12:09 | Report Abuse

NEWSBREAK
Velesto Energy has received a Letter of Award from Carigali Hess Operating Company, for the provision of a jack up drilling rig for its 2020 drilling Programme. Velesto will assign Naga 8 for the job. The contract value for the firm period of 3 years and amounts to USD131m with an extension of c.18 months. Work is expected to commence by 2H20.

Velesto is expected to commence work for Carigali Hess Operating Company by 2020.
Always remember that we are buying now, Velesto at 0.395, so that when news out by 2020, Velesto price will surge/go up very very high.

Buy on dip, and take profit on news.
That's why Velesto 15Million Volume as of now
Always remember, when people sell, there must be people buying.
Investors has been busy collecting Velesto these few days, at 0.385/ 0.395.

Very soon Velesto will cross the 0.4 marking.
Velesto near TP 0.48, next TP 0.56

yoyo

487 posts

Posted by yoyo > 2019-11-21 12:16 | Report Abuse

still under normal growth pace, not yet entering flying mode. just hold and be patience

JJchan

7,182 posts

Posted by JJchan > 2019-11-21 12:40 | Report Abuse

Tomolo 3Q results OUT??? 22Nov. 50cents by Monday----hahahaha just joking

Mabel

23,564 posts

Posted by Mabel > 2019-11-21 13:11 | Report Abuse

To 50 with Loves

Cheers!

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-21 16:29 | Report Abuse

Mabel : Velesto I agree with you, to Fifties with love.
Lets grow old gracefully, and gallantly.
Very much welcome Sixties for Velesto , if you dont mind.

Mabel

23,564 posts

Posted by Mabel > 2019-11-21 19:14 | Report Abuse

Absolutely MingGoon..

To 50 with Loves...

Once that cross

To 60 with Loves...

Once that cross

To 70 with Loves...

Let's cross the bridges one at a time...together..

Cheers!

CHLEONG888

923 posts

Posted by CHLEONG888 > 2019-11-22 06:45 | Report Abuse

Great, crude oil price increased 2%++

Westeros

834 posts

Posted by Westeros > 2019-11-22 11:41 | Report Abuse

Velesto not flying right now even with all this news bcoz 2 sharks play goreng with this counter...need to be patient...

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-22 12:27 | Report Abuse

Hello Mable : I like your this statement...

Mabel "It will come..."
Now O&G Investors are focusing on Alam and KNM"
21/11/2019 9:59 AM

Velesto : We need to wait patiently, and Velesto will soon cross forties...
If Velesto dip more, we just dip more into our reserve, and buy more Velesto.
That is the way to more riches....
To secure a better future for us all.

Cheers, Mabel, and have a good weekend.

CHLEONG888

923 posts

Posted by CHLEONG888 > 2019-11-22 14:16 | Report Abuse

QR today?????

Sales

3,242 posts

Posted by Sales > 2019-11-22 14:21 | Report Abuse

Minggoon, I like your comment.

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-22 14:29 | Report Abuse

Sales : Thanks, Sales, Lets watch out for each other, and help each other along our way to riches.

Armarda Qtr result just out today ... and Armada result is good, profit increase.

Velesto result will be out soon, and Velesto result also expected to be good. Velesto has dip a lot in these few days, once Velesto result increasing good news, Velesto will go up another new high.

Have faith in Velesto, everyone.
All Velestorian, we will all buy on dip, and keep on increasing our stakeholding in Velesto.

Armada reach 50, Velesto will soon reach 40, and 50 too.
Cheers Velesto.
Velesto near TP 0.48, next TP 0.56

Surewind

292 posts

Posted by Surewind > 2019-11-22 16:04 | Report Abuse

5243:MKBursa Malays
Velesto Energy Bhd
Earnings Announcement for Period Ending Q3/2019:11/28/2019

Dont think QR is today, should be next week.

Mabel

23,564 posts

Posted by Mabel > 2019-11-23 00:19 | Report Abuse

Cheers MingGoon!

suraya

77 posts

Posted by suraya > 2019-11-23 00:21 | Report Abuse

amanahraya tiap tiap hari jual

Mabel

23,564 posts

Posted by Mabel > 2019-11-23 08:27 | Report Abuse

Focus on the end game..

Mostly all Fossils fuel counters took a beating this week.

Luckily all my Bio Fuels counters, FGV, Sime Darby Plantation, Sarawak Plantation and Trengganu Development Malaysia rally this week. They gave me more ammunition to load up this temporary dips.

Right now Bio Fuel has taken P2 positions overtaking Fossils Fuel which is now in P3. Technology counter is still my most performing counters siting steadily on P1..

It's really like an F1 races between Mercedes Benz, Ferrari and Red Bulls..

Cheers

Lewis Mabel..

Sales

3,242 posts

Posted by Sales > 2019-11-23 17:15 | Report Abuse

Cheers!!!

Ron90

4,082 posts

Posted by Ron90 > 2019-11-24 01:09 | Report Abuse

winning a contract, at the same time some expiring ..in the end, what really matter is the total no of rigs that still working

Mabel

23,564 posts

Posted by Mabel > 2019-11-25 07:42 | Report Abuse

The Empress sudah kembali,
Tunggu Velesto balik menari,
Kalau adik abang bijak membeli,
Velesto la counter direload setiap hari.

Captain Mabel Sparrow

IronShirt

3,178 posts

Posted by IronShirt > 2019-11-25 10:59 | Report Abuse

Big fish wants to muscle-in

Eric Pang

54 posts

Posted by Eric Pang > 2019-11-25 11:55 | Report Abuse

All Experts,
Can I please ask why Amanahraya and EPF get disposing Velesto Shares? Any issue for Velesto?

Posted by Lee Yong Hour > 2019-11-25 12:40 | Report Abuse

Disposing is normal....KWAP,EPF is like that. Not only velesto.....other counter is sama as....we can not follow them, kwap epf is for our reference.

DoomStock

270 posts

Posted by DoomStock > 2019-11-25 13:43 | Report Abuse

Careful now, folks! Risk come not knowing when to sell. Lower than expected for 3Q results?

IronShirt

3,178 posts

Posted by IronShirt > 2019-11-25 15:38 | Report Abuse

Boom, Boom is here { my 50c client is here}. Someone saw 3Qr results---- 13mil Q at 0.380--going 50mil Q tommorrow

Mabel

23,564 posts

Posted by Mabel > 2019-11-25 16:06 | Report Abuse

QR should be coming out this week

Mabel

23,564 posts

Posted by Mabel > 2019-11-25 17:54 | Report Abuse

Good Support at 38...

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