Posted by EAGLE > 4 weeks ago | Report Abuse

Walao

Posted by supersim > 4 weeks ago | Report Abuse

hari raya bonus?

Posted by hsong > 4 weeks ago | Report Abuse

Rm0.40 is possible as conversion of warrant is rm0.395. Major shareholder will support the conversion which will generate more rm500 mill cash flow which are heavily required by velesto to reduce their debts. Warrant will expire in sept/ oct 2024

Posted by Ninja _07 > 3 weeks ago | Report Abuse

Jatuh menjunam... thise who buy yesterday must be bangging their balls. hahahahahahaha

Posted by goldenhope > 3 weeks ago | Report Abuse

Big players start throwing before touching another level

Posted by Lewis Lee > 3 weeks ago | Report Abuse

syndicates cash out before raya !! WTF

Posted by sten_still > 3 weeks ago | Report Abuse

Maybank is the scam haha

Posted by Expertise > 3 weeks ago | Report Abuse

today veleslow volume so active, change hand?

Posted by hzboi > 3 weeks ago | Report Abuse

I think this is a broader market issue. Oil is still pumping but index is weak. Middle East region getting chaotic and once destabilize oil will rocket. I personally think it’s a buying opportunity. (Not financial advice)

Posted by gamble > 3 weeks ago | Report Abuse

Saudi Aramco's broader suspension of jack-up rigs. many jack-up contracts have been suspended. GG velesto.

Posted by DoomStock > 3 weeks ago | Report Abuse

Velesto shares set for worst day in 10 months as CGS flags concerns. A number of jack-up rig drilling companies have had their rig contracts suspended by Aramco in recent days, CGS flagged. These rigs may find their way to Southeast Asia and other regions, which may cap or even pressure utilisation rates and daily charter rates globally. Doooommmmm...the beginning of the END for Voles?

https://theedgemalaysia.com/node/707123

Posted by DoomStock > 3 weeks ago | Report Abuse

Dare to catch a falling knife which may slice your portfolio value? Risk comes from not knowing what you are doing. Careful now!

Posted by specializedvenge > 3 weeks ago | Report Abuse

So call news...
Apex predator knows how to hunt.
Nice raya angpow

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Buy buy buy. As long PNB hold it no need to worry. Got strong back from Petronas. CGS claiming is rubbish. Those rigs terminated by Aramco will go to Europe. European b
Pay high DCR. They not interested in southeast Asia.

Posted by DoomStock > 3 weeks ago | Report Abuse

Judo masters begin not by learning how to throw, but how to fall. They practice this skill until it's as natural as breathing. No matter how many times they're flipped, they can rise to fight again.

Highly successful stock pickers go through similar training: They must learn how to cut their losses short. This means selling a stock when it's down 7% or 8% from your purchase price.

Sounds simple, but many investors have learned the hard way how difficult it is to master the most important rule in investing. Doommmmm....

Posted by DoomStock > 3 weeks ago | Report Abuse

No one wants to sell for a loss. It's an admission that you made a mistake. But if you can set your ego aside, you can take a small loss and still be fit enough, both financially and mentally, to invest the next day. Cutting losses quickly prevents you from suffering a devastating fall that's too steep to recover from. Risk comes from not knowing what you are doing. Careful now!

Posted by DoomStock > 3 weeks ago | Report Abuse

The reasons why you bought a stock may no longer apply. Examine why you bought a stock in the first place and ask yourself if those reasons are still valid.
If something fundamental about the company or its stock changes, that can be a good reason to sell. For example:

The company's market share is falling, perhaps because a competitor is offering a lower rate globally.
Of course, this list isn't exhaustive. If something substantially changes that contradicts your investment thesis, that's one of the best reasons to sell.

Careful now..risk comes from not knowing what to do.

Posted by DoomStock > 3 weeks ago | Report Abuse

Similarly, it's usually a bad idea to sell a stock only because its price decreased. At the same time, though, sometimes you just have to cut your losses on a stock position. It's important to not let a drop in a stock's price prevent you from selling.

As legendary investor Warren Buffett says, "The most important thing to do if you find yourself in a hole is to stop digging." If your original reason for buying a stock no longer applies, or if you were just plain wrong about the company, then selling at a loss rather than continuing to hold may be your best option.

Indeed, risk comes from not knowing what to do..careful now!

Posted by SinGor > 3 weeks ago | Report Abuse

Brazil pays $500,000 per Day for Jack-Up Rigs----Petronas pays $135,000----Tolling Rigs from Saudi to Brazil by Sea is Longer than to Malaysia----But there are 2 monsoon seasons coming to Malaysia ended up smaller
travelling Window eventhough shorter Route

Posted by RJ87 > 3 weeks ago | Report Abuse

Contracts already signed one not affected. By the time contract expired, Aramco probably ran back up the production.

What’s the point towing here and there?

Posted by Ninja _07 > 3 weeks ago | Report Abuse

@RJ87 .. you got the point! CGS wants to buy cheap in the meantime.

Posted by Vincenzo999 > 3 weeks ago | Report Abuse

This stock very naughty one, got profit must lock it first. Now you just waiting to reload again.

Posted by sheep > 3 weeks ago | Report Abuse

wow, doom stock maybe got a contract to doom a stock.. i checked.. This account being in hibernation since april 2022..(Sheng new retail). jia yew.. wakaka..

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Just think about yesterday pump and today suddenly throw..with Aramco news. What does it mean. Furthermore that is old news that repeated again. Nothing solid news to show to collect cheap tickets. Bankers you know lah...

Posted by Macgyver111 > 3 weeks ago | Report Abuse

I don't know this doomstock working for which bank..nice try😂🤣

Posted by SinGor > 3 weeks ago | Report Abuse

remisiers treking Velesto said it is not CGS causes the selloff But Velesto is TopHeavy going into Holiday mood.
Next week Volume will drop, just cannot support upward push. Operator just unload causing a selloff.
Unless another Operator take Over, next week Volume will be small----Free Toll next Mon & Tue

Posted by Macgyver111 > 3 weeks ago | Report Abuse

These are the drilling companies that were affected by contract termination from Aramco.
1. ADES - saudi based drilling company
2. Shelf drilling (COSL) - owned by China petroleum
3. Valaris and borr drilling - owned by USA

All are established oil companies and mostly operate in midle-east for higher DCR. To remove this rigs to southeast Asia takes very long journey and not profitable
(except maybe for china drilling company). I'm 100% sure not for ADES and Valaris..mereka tak pandang pun perairan Malaysia...come on guys

Posted by jenabchen123 > 3 weeks ago | Report Abuse

Velesto said not a problem. Kiasu punya analyst.

Posted by jenabchen123 > 3 weeks ago | Report Abuse

Velesto’s rigs are mostly busy, with five of its six jack-up rigs fully-contracted until the end of this year, the spokesperson said. Four of the rigs are on long-term contracts lasting more than 12 months, the spokesperson said.

Further, three of Velesto’s jack-up rigs — Naga 2, Naga 4, and Naga 6 — have received two-year contract extensions from Malaysia’s national oil-and-gas company Petronas on March 22 worth some RM1.26 billion, the spokesperson noted.

Only two of its jack-up rigs — Naga 3 and Naga 5 — will see their contracts expire this year, the spokesperson said, adding that the company is monitoring the situation for its future bidding strategy, especially for mid-2026 onward.

Posted by Qwertyuiop > 3 weeks ago | Report Abuse

Monday rebounds back after the analyst shits, shakeout the weak hands lol

Posted by EatCoconutCanWin > 3 weeks ago | Report Abuse

Boikot tetap boikot. No fear no eggs

Posted by SinGor > 3 weeks ago | Report Abuse

If Monday Volume Hit 200,000,000----it means Many have Regretted Selling on Friday ( Oil price still going Up )
Then no need operator next week-----Kiasu buying back

Posted by EAGLE > 3 weeks ago | Report Abuse

Good riddance weaklings. Oil price skyrocket.

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Velesto Energy Berhad's estimated fair value is RM0.52 based on 2 Stage Free Cash Flow to Equity

Velesto Energy Berhad's RM0.28 share price signals that it might be 46% undervalued

The RM0.33 analyst price target for VELESTO is 38% less than our estimate of fair value

Posted by SinGor > 3 weeks ago | Report Abuse

50cents fair value is from PNB estimate for Jan 2024.....PNB has bought somewhere around 70mil @ 0.20 by
AmanahRaya on 03Nov2023 ( They didnT Sell until today )

Posted by Six6thsense > 3 weeks ago | Report Abuse

Quick washing as need to race against the time. Very soon

Posted by Bull13 > 3 weeks ago | Report Abuse

Aramco termination ...waiting at 20s next week. Uncertainty about contract termination is worst case scenario.

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Hahaha! All same guy change name only...nice try.

Posted by didi7349 > 3 weeks ago | Report Abuse

Operator not enough ticket,washing washing.....

Posted by Macgyver111 > 3 weeks ago | Report Abuse

IB TP setting..
HLIB - 0.35 (buy)
Maybank - 0.35 (buy)
Kenanga - 0.34 (o/perform)
BIMB - 0.34 (buy)
Affin Hwang - 0.33 (buy)
TA - 0.33 (buy)
OGC - 0.31 (hold)
UOB - 0.29 (hold)

Remember what TP kenanga give previously..

Posted by Ninja _07 > 3 weeks ago | Report Abuse

How to check how many units PNB bought?

Posted by RJ87 > 3 weeks ago | Report Abuse

Ownership Name Shares Current Value Change % Portfolio %
53.8%
Permodalan Nasional Berhad 4,415,800,928 RM1.2b 1.61% 0.82%
7.79%
Hong Leong Asset Management Bhd. 639,934,700 RM179.2m 0% 5.54%
3.47%
Urusharta Jamaah Sdn Bhd 284,980,080 RM79.8m 0% 2.09%

Posted by RJ87 > 3 weeks ago | Report Abuse

53.8% from PnB. Just matter of time they push all the way up.

Can check s-i-mply wall st for valuation. Fair value is 52sen.
And it’s pretty accurate. They estimated fair value for perdana to be 35sen.

Posted by RJ87 > 3 weeks ago | Report Abuse

For Pnb, every 10% is 120m. Isn’t it makes sense to goreng all the way up ?

Posted by Atlas0103 > 3 weeks ago | Report Abuse

@bull13 please pay attention to the report, termination so what? Do you really know Velesto 80%+ main business is in Malaysia ? You look so funny

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Dont bother them, they all same guy with fake ID.

Posted by Macgyver111 > 3 weeks ago | Report Abuse

RJ87
53.8% from PnB. Just matter of time they push all the way up.

RJ, Where you get this info?

I believed yours not yet update?

Are you sure Urusharta Jemaah this hold the portion?

Cannot find any data of it, that's why asked you...

Posted by SinGor > 3 weeks ago | Report Abuse

Ninja _07
How to check how many units PNB bought?
___________________________
Go to Bursa and look under SAP General Announcement on 3 Nov, 2023

Posted by DoomStock > 3 weeks ago | Report Abuse

The bloodbath to continue..Careful now as risk comes not knowing what to do!

Posted by RJ87 > 3 weeks ago | Report Abuse

*h*t*t*ps://s*i*mplywall.st/stocks/my/energy/klse-velesto/velesto-energy-berhad-shares/valuation

Macgyver111

I believed yours not yet update?

Are you sure Urusharta Jemaah this hold the portion?

Cannot find any data of it, that's why asked you...