Posted by Bon888 > 2023-03-01 17:26 | Report Abuse

Ini lah perangai bills. Bila harga melonjat tinggi dia rasa murah masuk masuk. Bila harga durian runtuh dia cut lost kata mahal, nak murah lagi. Ini lah selalu kena cuci bersih.

Posted by MoneyMakers > 2023-03-01 17:33 | Report Abuse

Sure syndicate dump 2nd round - now still crazy high

Posted by nicholas99 > 2023-03-01 17:39 | Report Abuse

lure u enter.

Posted by SinGor > 2023-03-01 17:53 | Report Abuse

PNB is still holding 4.765Billion shares at 30sens. How many shares are syndicate holding???

Posted by specializedvenge > 2023-03-01 18:54 | Report Abuse

How if there's a new job annoucement tomorrow?
Then should be up or down

Posted by speakup > 2023-03-01 22:21 | Report Abuse

many uncles aunties pakcik makcik trapped at high floor

Posted by i3lurker > 2023-03-01 22:27 | Report Abuse

no pity for uncles and aunties,
many bought 16 sen and refused to sell based on Shark's advice.

by backside Shark keep on dumping non-stop while front side tells uncles and aunties not to sell.

Posted by Macgyver11 > 2023-03-02 09:12 | Report Abuse

Dont worry this year promising for velesto. Shark will do and execute their duty as usual what they supposed to do meanwhile uncles/aunties will do what they do as usual. Who are we to change their mindset...this is stock market no body perfect.

Posted by Expertise > 2023-03-02 09:15 | Report Abuse

Aiyo why back to ghost town…..

Posted by Expertise > 2023-03-02 09:15 | Report Abuse

Shorties unable to short more?

Posted by EAGLE > 2023-03-02 09:16 | Report Abuse

Pump second round

Posted by SinGor > 2023-03-02 09:25 | Report Abuse

I think Velesto drops about 9pts so for strong technical rebound 70% from bottom, 24--25sen is target
within next 2 weeks

Posted by Macgyver11 > 2023-03-02 09:26 | Report Abuse

HLG give TP 21
Kenanga give TP 19c

Now already 0.20c. Not matching. Prospect is bright for velesto to break 0.25c for 2nd round. First qtr 2023 profitable is imminent. I keep on accumulating. Ayoh!

Posted by Macgyver11 > 2023-03-02 09:29 | Report Abuse

Forget last year qtr loss. It already Budgeted in and expected. This I believed Velesto back in track. New Contract announcement matter of time.

Posted by Macgyver11 > 2023-03-02 09:32 | Report Abuse

Don't chase high above 0.25c while now is ideal time to enter.

Posted by SinGor > 2023-03-02 09:34 | Report Abuse

usually a 30% drop ---even with Good Fundamental needs 2-3month to recover. But Good thing is, Velesto
got thousand of Uncles and Aunties acting as supporting pillow to Break this deep plunge....Maybe Up &
Running within 2 days after some Kopi Kaw-Kaw

Posted by Bon888 > 2023-03-02 10:16 |

Post removed.Why?

Posted by Bon888 > 2023-03-02 10:28 | Report Abuse

Uncles and Aunties no one knows when is the peak and when is the bottom.

Example you bought 200k shares at 0.160, when price went up to 0.28 you sell 100K and keep another 100k.

When the price dropped, you ma buy back 100K at lower price lah.

Posted by Macgyver11 > 2023-03-02 10:28 | Report Abuse

Don't compare myeg with velesto. Both different model of business. Sources also different. Like you compared Yin son or Armada with velesto, absolutely cannot. YinsonArmada fpso players meanwhile velesto only rent rigs. Velesto nature of business rely on how much they will get from rigs renting. If daily charter rate goes up so do velesto earning. Hopefully they will get more contracts with higher rate (usd 100k above)

Posted by willc48 > 2023-03-02 11:00 | Report Abuse

myeg lagi bagus.

Posted by George99 > 2023-03-02 11:03 | Report Abuse

https://www.upstreamonline.com/rigs-and-vessels/offshore-drilling-rig-market-recovery-is-just-getting-started/2-1-1407005

Posted by Macgyver11 > 2023-03-02 11:07 | Report Abuse

Ya myeg lagi bagus dan lagi mahu terminate govn contract. Government want out sources to more companies that normally in previous government only give to myeg...our new PM is different mindset...just bear in mind. Only matter of time.

Posted by Macgyver11 > 2023-03-02 11:15 | Report Abuse

Events in China, not Russia, drove oil prices this past year, and now that Chinese manufacturing activity is on the upswing, the next 12-18 months are likely to see another spike in oil prices, says Goldman Sachs.

That could mean crude oil targeting prices above $100 per barrel in the fourth quarter of this year.

The situation is “tighter” today, Jeff Currie, global head of commodities research at Goldman Sachs, told Bloomberg Surveillance Early Edition on Wednesday.

The big event last year was not Russia. It was China.

“Global oil demand contracted 2% in the fourth quarter of last year, and that’s a recession in my book,” Currie said. That contraction, said Currie, created the spare capacity in oil and other commodities, but manufacturing data coming out of China this morning shows that is now reversing.

The Chinese manufacturing purchasing managers’ index (PMI) jumped to 52.6 in February from 50.1 in January, data from China’s National Bureau of Statistics showed on Wednesday. The surge in factory activity was the fastest in over a decade. Additionally, the index for non-manufacturing sectors also jumped, signaling an overall expansion of the Chinese economy in February. Altogether, it signals the potential for a faster-than-expected rebound after the reopening from the ‘zero-Covid’ policies abandoned by Beijing just at the end of 2022.

“We created new supply, not through investment, but through China contracting, through lockdowns. Now, as China comes back, we’re gonna lose that spare capacity and we’re gonna be back to the same problems we had before,” Currie warns. The real focus, according to Goldman, is supply scarcity.

“At this point, the ability to get from one year to the next given how scarce supply is, is really the focus. And the markets have been trading that way,” Currie said, noting that a commodities supercycle is not an “upward trend”; rather, it is a “sequence of spikes”.

“We’re coming off the backside of one spike. He’s confident we’ll see another spike in the next 12-18 months,” he said.

Posted by Macgyver11 > 2023-03-02 11:19 | Report Abuse

Seems oil not going to retreat back despite moving upward...breaking usd 100/barrel is imminent.

Posted by Aa33448923 > 2023-03-02 11:28 | Report Abuse

Back to 0.15 soon

Posted by Bon888 > 2023-03-02 11:30 | Report Abuse

Bro Macgyver, I'm not comparing MYEG business model VS Velesto.

I just use MYEG recent incidents as a reference. MYEG recovered some lost ground not going deeper.

Posted by Macgyver11 > 2023-03-02 11:41 | Report Abuse

It won't go to 0.15c. Already reached top bottom. I strongly believed below 0.18c is no more, history now. As I said don't look at last year earning it's over, look at future earning and new contracts that going to awarded soon.

Posted by Expertise > 2023-03-02 11:52 | Report Abuse

Currently, five out of six of the Group's available jack-up drilling rigs are working. NAGA 3, which recently returned from Vietnam is expected to commence work in Malaysia in March 2023. Contract announce soon….

Posted by SinGor > 2023-03-02 12:11 | Report Abuse

As i said before, 4Q22 is last year. 4 WorkOver units need refurnish to start work after 5years wrapping in Cold storage. 2 Rigs installed with Offline Operation ( stop-work) + Need to move to new Rig positions for new
contracts----All these need new parts plus weather Delay cost ( everyday cost $50,000 plus )
All these Cost are History in 2023. When Rigs are station in One position for 2 years, it is printing Money

Posted by Bon888 > 2023-03-02 12:19 | Report Abuse

Good analysis SinGor!

Posted by Macgyver11 > 2023-03-02 12:28 | Report Abuse

0.20c sapu habis..picking up

Posted by kyliew > 2023-03-02 12:45 | Report Abuse

Aiyoh want to play like this ah?

Posted by InvestingForLiving > 2023-03-02 12:55 | Report Abuse

afternoon pump?

Posted by investory321 > 2023-03-02 13:10 | Report Abuse

the worst is over

Posted by investory321 > 2023-03-02 13:13 | Report Abuse

now will start recovery and head towards 30 cents

Posted by obakh222 > 2023-03-02 13:30 | Report Abuse

Can do own daily short selling. (T-infinite)

Posted by 1pingpong > 2023-03-02 13:33 | Report Abuse

yeah.. attack alll, attack to 0.30.

Posted by SinGor > 2023-03-02 14:13 | Report Abuse

i am Not bother by 30sens. This is PNB Cost!! PNB will Double Velesto 30sens into 60ens. Then only PNB can
explain to Investors, Velesto is a Good Deal

Posted by 1pingpong > 2023-03-02 14:34 | Report Abuse

what u guys doing? come on push it high...we must push it highhh. dont let it fall below 0.15

Posted by kyliew > 2023-03-02 14:43 | Report Abuse

Sharks like to play this kind of game... Ups and suddenly down

Posted by XenDee > 2023-03-02 16:28 | Report Abuse

After selling climax here come automatic rally

Posted by pang72 > 2023-03-02 21:06 | Report Abuse

Kenanga and hlb give sell call..

Posted by pang72 > 2023-03-02 21:06 | Report Abuse

Macg,
You can happily collect now..
IB continue sell call

Posted by pang72 > 2023-03-02 21:09 | Report Abuse

It is very difficult to push up this giant stock.
IB pakat previously so can push up easily..
Now, IB unlod and give sell call. Who to push leh?

Posted by Macgyver11 > 2023-03-02 21:42 | Report Abuse

IB always published sell call one. When buy they say sell when TP time they say buy, Don't buy their words. Trust your own instinct. To wake the idle rigs that already slept for long time is not easy as we think. Cost for rigs MRO is high but once the rigs already go through the MRO and put it in designated location then it will generate money. As far as I know now all velesto rigs ready to operate, no more MRO. All the MRO cost already Budgeted in last year account. This year velesto just print money. Jan March Feb usd 14mil masuk account from short term contract ROC sarawak. Let say usd7mil spend for operating cost another usd 7mil clean profit...that's not include shell and Hess long terms contract that they received recently. I see velesto back on track.

Posted by pang72 > 2023-03-02 21:59 | Report Abuse

IB meets up with management being wash brain of printing money for rigs..
IB quietly buy starting 8c..
It is 300%++ gain for IB till 27c.
Who know QR in red.. I think plenty of them still trap inside..
Now, very dulam giving sell call

Posted by pang72 > 2023-03-02 22:01 | Report Abuse

So, some IB unloaded earning big money..
Some IB yet to unload suffering loses

Posted by pang72 > 2023-03-02 22:02 | Report Abuse

What for go against IB calls..
I don't hv so much money to againt IB call

Posted by WarrenBuffett8888 > 2023-03-02 22:16 | Report Abuse

wait u guys at 10c....hopeless company....rubbish, stupxd company

Posted by Bon888 > 2023-03-02 22:17 | Report Abuse

If you strictly follow IB you die faster. IB follows the wing follow only.

Kenanga sell call when Velesto was trading at 0.085. Ask people sell shares to them. Then after some contracts awarded keep buy call until recently sell call again.

You see lah, if next quarter good results or new contract awarded, they buy call again.

You sell to them at 0.18, next quarter price up to 0.30 then you knocking your balls.