Cap. reduction as announced is just to remove excess issued shares but Not subscribed. When the reduction process is completed....profit will be divided with less shares.
- Vaccines not working, hotels bankrupt, airlines bankrupt, construction companies bankrupt, travel agencies selling fish now, universities begging for students, energy not used, banks cannot lend.
Meanwhile the only stocks thriving on Bursa are Gloves with BILLIONS of ringgit of PROFITS because of great companies like Supermax and Top Glove.
There no sign of recovery yet till next year, from the current conditions, Slowly it might drop to 0.7-0.9. See if got luck then its possible. As i told last time, when i mention it will drop to 12 sen from 15.5 sen. I as usual keep collecting which i don't know when its will rebound back. hopefully this company will not become another sumatec. i'm holding 300K unit here. want to collect another 200K at 0.7. If cut loss at this price. will lost a lot. crossfinger and crying with hope analysis.
Velesto need to secure more projects. Petronas suspended issuing contracts for its upstream contractor for time being. Some of the Velesto rigs still under idle for quite some time but this scenario won't last forever...be patient.
Latest US election update ! As at 12.25pm, Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes, Joe Biden just need only another 61 votes then will won the US election !
This year nothing going to happen to Velesto unless if there's any good news like new projects tender. Wait patiently till next year, you'll be rewarded. This year almost a bad year for O&G since after covid and transportation being grounded especially flights. Happy trading.
Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.
Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House. Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century. The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president. With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tkl88
8,712 posts
Posted by tkl88 > 2020-10-06 22:39 | Report Abuse
Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 (+1.48) (+3.77%) !
Brent=> $42.68 (+1.39) (+3.37%) !