Posted by JJchan > 2020-02-18 10:03 | Report Abuse

The Bet is whether Velesto can Hit 50mil profit in 4Qr, coming on 26-27 Feb (I like 26Feb Out )

Posted by JoshuaMS7 > 2020-02-18 15:31 | Report Abuse

Everyday dropping, getting lower to 0.300, cut loss?

Posted by Mabel > 2020-02-18 22:47 | Report Abuse

Meow..

Posted by SinGor > 2020-02-19 10:24 | Report Abuse

Look at Airasia, the moment EPF saw something funny in AA, they immediately Sell. EPF still Buy
Velesto everyday, i say don't worry, sure above expectation results

Posted by Rowie > 2020-02-19 15:38 | Report Abuse

My analysis
Profit between 20-50m with upside surprise

Posted by stainlyho37 > 2020-02-19 15:40 | Report Abuse

collect at this prices now..!!

Posted by Kopimilo > 2020-02-19 21:43 | Report Abuse

In a week no more time to buy except now whenever dumping crossed the line.

Posted by Kopimilo > 2020-02-19 21:48 | Report Abuse

Guess profit btwn 50 to 60 mil.

Posted by HuatlaiOnglai > 2020-02-20 07:33 | Report Abuse

Do expect to have another green WTE bring the FY19 green. 2022/21 will be good with all rigs being charter out 100%.

Posted by ariehazimi > 2020-02-20 09:23 |

Post removed.Why?

Posted by wnktong28 > 2020-02-20 17:33 | Report Abuse

buah_kurma you damn funny hahahahaXD

Posted by Abd Rahim Osman > 2020-02-21 19:00 | Report Abuse

Great Wall barrier at RM0.35

Posted by JJchan > 2020-02-24 13:34 | Report Abuse

Just hear from Friends at PKR HQ, Federal Gov stands still till GE15 but Selangor Gov. is bit shaky

Posted by JJchan > 2020-02-24 18:49 | Report Abuse

As of Today Keadilan is Rock-Solid. Tonite nominate Tun as PM again. Tomolo massive TA rebound with Good earnings results. I should made Good Contra Gain

Posted by Daily8 > 2020-02-24 20:14 | Report Abuse

DJ is bleeding at 690 pts. Don't expect tomorrow to be good.

Posted by Daily8 > 2020-02-25 00:45 | Report Abuse

892pt down - 12/44am , 25/2/2020

Posted by JoshuaMS7 > 2020-02-25 06:36 | Report Abuse

Dj crashed more than 1000 and oil price crashed ard 5%, run! Cash is king!

Posted by MichelleNg > 2020-02-25 07:29 | Report Abuse

Yahoo....below 30cents is coming.

Posted by HuatlaiOnglai > 2020-02-25 11:32 | Report Abuse

QR out this Friday with max rig utilization, will expect a goot set of numbers.

Posted by Kopimilo > 2020-02-25 12:16 | Report Abuse

Still low for collection, rare chances, will go. 0.4.

Posted by Daily8 > 2020-02-25 20:01 | Report Abuse

result is out. Not really impressive.

Posted by Isaac Chow > 2020-02-25 20:11 | Report Abuse

I saw announcement there is proposed share capital reduction, not really understand what it mean

Posted by Iloveshare > 2020-02-25 20:47 | Report Abuse

yes I also want to ask abt Proposed Share Capital Reduction, is that good or bad to the investor?

Posted by MasterYoda > 2020-02-25 21:02 | Report Abuse

http://ir.chartnexus.com/velesto-energy/onenew.php?id=3026836

Posted by MasterYoda > 2020-02-25 21:03 | Report Abuse

they are actually canceling the proposed share capital reduction

Posted by MasterYoda > 2020-02-25 21:05 | Report Abuse

should be good news i think

Posted by MasterYoda > 2020-02-25 21:22 | Report Abuse

Bursa Announcements
Date : 25 February 2020

OTHERS VELESTO ENERGY BERHAD ("VEB" OR THE "COMPANY") PROPOSED SHARE CAPITAL REDUCTION


Type Announcement
Subject OTHERS
Description
VELESTO ENERGY BERHAD ("VEB" OR THE "COMPANY")

PROPOSED SHARE CAPITAL REDUCTION
On behalf of the Board of Directors of the Company, Affin Hwang Investment Bank Berhad wishes to announce that the Company proposes to undertake a capital reduction exercise by reducing and cancelling the issued share capital of the Company pursuant to Section 116 of the Companies Act, 2016 (“Proposed Share Capital Reduction”).

For avoidance of doubt, the Proposed Share Capital Reduction will not result in:

(i) any adjustment to the share price of the Company;

(ii) any change in the total number of ordinary shares of the Company (“VEB Shares”) in issue or the number of VEB Shares held by the shareholders of the Company;

(iii) any payment to the shareholders of the Company; and

(iv) any outflow of cash or change in the net assets of the Company and its subsidiaries, save for the estimated expenses to be incurred in relation to the Proposed Share Capital Reduction.

Please refer to the attachment for further details on the Proposed Share Capital Reduction.



This announcement is dated 25 February 2020.

Posted by Rowie > 2020-02-25 21:23 | Report Abuse

Read the announcement of the capital reduction

Posted by Rowie > 2020-02-25 21:26 | Report Abuse

The Proposed Share Capital Reduction will not result in any adjustment to the share price of the Company and any change in the total number VEB Shares in issue.

Posted by Surewind > 2020-02-25 21:37 | Report Abuse

Did not see there was a separate announcement only looked at annual report.

Posted by Rowie > 2020-02-25 21:43 | Report Abuse

All accounting treatments.
Just look at the paragraph on
FOR AVOIDANCE OF DOUBT & continue reading

Posted by Surewind > 2020-02-25 21:48 | Report Abuse

My mistake so NTA is also same.

Posted by Alex2012 > 2020-02-25 21:48 | Report Abuse

All these are not important....Tomorrow Up or DOWN???

Posted by Rowie > 2020-02-25 21:50 | Report Abuse

Yes

Posted by Rowie > 2020-02-25 21:53 | Report Abuse

Up or down u ask yourself. If all things be big equal ie no external threats then by reading the whole announcements plus profit result.......3 qtrs in a row plus full rig utilisations in the foreseeable future u should have an answer

Posted by Alex2012 > 2020-02-25 21:58 | Report Abuse

Tomorrow only will know

Posted by tangen1985 > 2020-02-25 23:22 | Report Abuse

Looking at the chart is bullish

Posted by Valgrovest > 2020-02-25 23:31 | Report Abuse

The proposed share capital reduction is merely an accounting entry to remove the accumulated losses (previous years losses) from the Balance sheet thus cleaning up the Balance sheet and makes it looks better and cleaner. It will have no impact on the share price or NTA. The quarterly results show lower revenues and lower net profit. Not a sterling set of performance but at least another consecutive quarter of net profit which goes to show that the company is firmly turning around from its previous losses (that resulted in the restructuring exercise previously). Furthermore I expect its future prospects to be improving.

Posted by Rowie > 2020-02-26 00:11 | Report Abuse

One rig sent for routine maintenance hence rig utilisation down fro 95% to 86% hence lower profit for this qtr.

Posted by Iloveshare > 2020-02-26 07:01 | Report Abuse

EPF keep accumulating, must have patience to wait for velesto to fly

Posted by KEYBOARD > 2020-02-26 08:20 | Report Abuse

HIGH 5

Posted by i3lurker > 2020-02-26 08:23 | Report Abuse

Global funds rapidly buying up oil stocks past 2 weeks
thats why oil stocks in BURSA went limit up.

coz Antarctic melted away 20%

Govts will enforce compulsory burning of crude oil to make sure Antarctic melts away 100% very soon

Business will be fantastic soon.

Posted by Kopimilo > 2020-02-26 09:33 | Report Abuse

Panic sell mostly by retailers. Best moment for other retailers to buy cheaper at queues buy. But seem like big sharks is obvious at queues buy.

Posted by TEESH > 2020-02-26 09:34 | Report Abuse

run

Posted by Abd Rahim Osman > 2020-02-26 09:59 | Report Abuse

No where to run

Posted by Kopimilo > 2020-02-26 10:48 | Report Abuse

Panic sell is opportunity for big sharks to collect, replenish the bullets for next dumping strategy, again there is time retailers mostly caught panicked with cutloss sell. Double whammy impact for retailers short-sighted and run, huge win for big sharks.

Posted by bcmengs > 2020-02-26 11:32 | Report Abuse

i held for 1 year. earning is like peanuts. sold and reinvested in powerwell and it flew!! right choice at right time. this counter too slow.

Posted by Will76 > 2020-02-26 23:25 | Report Abuse

Breaking News from CNBC

U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.

Brent crude fell $1.09, or 2%, to $53.86 per barrel, while U.S. West Texas Intermediate crude dropped 68 cents, or 1.4%, to trade at $49.22 per barrel.

Posted by JJchan > 2020-02-27 07:25 | Report Abuse

your Car loan payment will Not go down if petrol price keep Dropping. Velesto got a Petronas
"signed" contract. 2020 revenue is fully covered!!

Posted by Kopimilo > 2020-02-27 10:14 | Report Abuse

Yesssa. But need crowd at this counter too, with dare to do actions not only queu.