VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.215

Today's Change

+0.005 (2.38%)

Day's Change

0.205 - 0.215

Trading Volume

54,945,600


28 people like this.

24,132 comment(s). Last comment by leeabraham 12 hours ago

Bon888

3,360 posts

Posted by Bon888 > 2023-05-26 13:24 | Report Abuse

Let it sell down, let it crash.

Baby Shark

5,913 posts

Posted by Baby Shark > 2023-05-26 14:40 | Report Abuse

Too expensive d..

Expertise

1,386 posts

Posted by Expertise > 2023-05-26 15:30 | Report Abuse

just hold tight la…still a lot 10cents ticket..chill chill

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-05-26 16:01 | Report Abuse

Tarak turun lah 0.10c apalah lu org mangkuk ayun betui. Ckp berapa kali tak erti bahasa. Give me one reason why should go down to 0.10c despite qtr earning. Bursa will issue UMA enquiry already. This is not covid pandemic time lah. Mid to long term holder no issue intra trader kena kaw kaw lah tu pasai meroyan. Yang complaint bnyk2 ni mungkin kais pagi mkn pagi kot. Lol

Posted by Klse_faizan > 2023-05-26 16:28 | Report Abuse

Last year I still remember people said wait for next year Qr confirm ok.. wait2 Qr ok still people sell it…..😅

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-05-26 16:39 | Report Abuse

Are you new in stock market friend. Why listening to others. Do your own research bro. Stock sure got sell & buy

EAGLE

384 posts

Posted by EAGLE > 2023-05-26 18:12 | Report Abuse

Lai Lai lai, harga jatuh boleh tambah lagi. Company sudah untung, tunggu saja maa. Tak boleh tunggu, jangan datang sini hahahahah...

SinGor

4,782 posts

Posted by SinGor > 2023-05-27 16:43 | Report Abuse

after 1Q release ( with inflation #, Charter rate, Rigs efficiency---All known ) it is easy for Bankers to predict next
Qr results----As i say before 30sens is just a small Hill, 40sens is new Top for next 45days before 2Q release

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2023-05-29 09:30 | Report Abuse

Today AGM , hope ever confident CEO can say sth good ba ? And those Fatt king Stu pick analysts can raise their TP s …..

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2023-05-29 09:32 | Report Abuse

So far have yet to read any analyst’s report on their latest qr… where the F are they ?? Cease covering ?? Oh not ! Hope not !! Lol

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-05-29 12:15 | Report Abuse

Past 2 years they're laterally out of free cash flow. This year mtd, just 3months alone they already generate free cash flow. Cash is king. Long term borrowing from 1bil to < 300mil (around 288mil). Velesto management keen to settle long term debt ( I dont why but there must be some reason). Receivable and inventory - customer still own them around 700mil. I believed the free cash flow will increase double after 2nd qtr onward. My 2c (Just do rough calculation)

Bon888

3,360 posts

Posted by Bon888 > 2023-05-29 12:36 | Report Abuse

High interest rate era, should lower down the debts.

Posted by miracle_trader > 2023-05-29 13:10 | Report Abuse

for oil n gas company , velesto debt consider low. good, safe

Posted by corpsehunter69 > 2023-05-29 13:15 | Report Abuse

sell on news.... profit also dropping

Expertise

1,386 posts

Posted by Expertise > 2023-05-29 15:54 | Report Abuse

what AGM mentioned about…..

SinGor

4,782 posts

Posted by SinGor > 2023-05-29 16:08 | Report Abuse

agm ends at 2pm today. Maybe tomolo Banker Tp Out. Meanwhile if price keeps going up after 2PM---something
Good was said in AGM

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2023-05-29 16:30 | Report Abuse

Watch up for the news ard 5pm ba , normally the edge will announce ! Sure will be good !

serpent100

216 posts

Posted by serpent100 > 2023-05-30 10:37 | Report Abuse

Sunyinya

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-05-30 13:19 | Report Abuse

😀

Posted by churrosnight > 2023-05-30 13:45 | Report Abuse

Vrooom up.....

Expertise

1,386 posts

Posted by Expertise > 2023-05-30 14:51 | Report Abuse

Thirty Suda mau mari

EAGLE

384 posts

Posted by EAGLE > 2023-05-30 15:11 | Report Abuse

lai lai lai

Stocker

1,473 posts

Posted by Stocker > 2023-05-30 16:10 | Report Abuse

gogoggo

Stocker

1,473 posts

Posted by Stocker > 2023-05-30 16:14 | Report Abuse

255

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-05-30 16:19 | Report Abuse

Those who dream for 10c ticket must be disappointed now..🤣

Posted by faizalanuar > 2023-05-30 16:20 | Report Abuse

enjin mau panas lama tunggu..suda mau start ka..

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-05-30 16:23 | Report Abuse

End of oct most probably touch 0.40c..not dream reality

Bon888

3,360 posts

Posted by Bon888 > 2023-05-30 18:06 |

Post removed.Why?

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2023-05-30 18:40 | Report Abuse

So next time , remember to sell 1 day before QR release …. Then buy back later ? Lol

SinGor

4,782 posts

Posted by SinGor > 2023-05-30 19:00 | Report Abuse

6 months ago, peak is at 0.28 if breaks, then 30sens is just next Door

Bon888

3,360 posts

Posted by Bon888 > 2023-05-30 19:21 | Report Abuse

Next QR different story already. Next QR will be a flying colours result. The price continue to fly after the QR release because the IBs raised the TP.
Posted by Lewis Lee > 30 minutes ago | Report Abuse

So next time , remember to sell 1 day before QR release …. Then buy back later ? Lol

fruitcake

821 posts

Posted by fruitcake > 2023-05-31 11:07 | Report Abuse

pump & dump

Expertise

1,386 posts

Posted by Expertise > 2023-05-31 12:13 | Report Abuse

Just talk? Did you buy on dip…

Bon888

3,360 posts

Posted by Bon888 > 2023-05-31 13:19 | Report Abuse

Replenished a lots of tickets

Posted by churrosnight > 2023-05-31 15:51 | Report Abuse

Haiyah, one day show saja

Posted by sharamancer > 2023-05-31 15:55 | Report Abuse

someone buying the dip

willc48

718 posts

Posted by willc48 > 2023-05-31 16:15 | Report Abuse

someone buy sell on small mergin

Posted by faizalanuar > 2023-05-31 16:50 | Report Abuse

index drop kaw kaw..how to push..sabarrr

Baby Shark

5,913 posts

Posted by Baby Shark > 2023-06-01 10:26 | Report Abuse

Another 20 years also 10 to 15 cent.. hopeless counter

Posted by corpsehunter69 > 2023-06-01 15:41 | Report Abuse

pump & dump ? true or not ?

SinGor

4,782 posts

Posted by SinGor > 2023-06-01 17:20 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3358761
_______________________________________
Velesto is filling work-Load for 2024. Looks like 2024 is 100% take rate for 6 Rig ( Velesto has to jack-up
Charter rate fast

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-01 18:14 | Report Abuse

As I said 0.40 is not a dream reality..

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2023-06-01 18:54 | Report Abuse

New contract 50 mils awarded ! Tomorrow pecut liao !!

KUALA LUMPUR: Velesto Energy Bhd said its sub-subsidiary Velesto Drilling Sdn Bhd has secured a contract from Vestigo Petroleum Sdn Bhd for the provision of a jack-up drilling rig.

In a filing with Bursa Malaysia, the group said the contract has an estimated value of US$10.9mil (RM50.32mil) and is expected to commence in Q4 2023.

The group said it has assigned its Naga 2 jack-up rig for the job, which entails the drilling of five firm wells.

"The provision of the above-mentioned service is expected to contribute to the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2023," it added.

Stocker

1,473 posts

Posted by Stocker > 2023-06-01 20:31 | Report Abuse

iniklilah

SinGor

4,782 posts

Posted by SinGor > 2023-06-02 08:51 | Report Abuse

where is Bob-No-Hope?? People Q to buy at 0.235, He Q to Buy at 0.24 ---KiaSu. Afterward change ID at report
here.

Posted by faizalanuar > 2023-06-02 11:33 | Report Abuse

even with full utilization this year..as long as did not get higher rate for those rig plus higher opex, haizz susah mau cakap..lets hope the best qr coming forward

Bon888

3,360 posts

Posted by Bon888 > 2023-06-02 11:52 |

Post removed.Why?

Posted by heisenbergxv4 > 2023-06-02 16:32 | Report Abuse

Velesto Energy has secured a contract worth an estimated USD10.9m (RM50.3m) from Vestigo Petroleum SB for its Naga 2 jack-up rig to drill five wells. The contract, awarded to Velesto’s wholly-owned unit Velesto Malaysian Ventures SB, is expected to commence in 4QFY2023, Velesto said. Vestigo, which develops small and stranded oil and gas (O&G) reserves, is a wholly-owned unit of Petronas Carigali Sdn Bhd.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-06-05 09:22 | Report Abuse

https://www.wsj.com/video/watch-saudi-arabia-cuts-oil-output-following-opec-meeting/8F6E12C6-3851-4781-B985-D65BC7B27F80.html

Saudi voluntary cut output despite other opec+ countries stick with previous plan. Saudi want to maintain crude oil price above usa 80/ barrel....very good sign for DCR.

SinGor

4,782 posts

Posted by SinGor > 2023-06-05 11:49 | Report Abuse

kaki goreng had unloaded on Friday bcos of LONG holiday. Tomolo with High Oil price-------Goreng time

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