Posted by SinGor > 1 month ago | Report Abuse

2 Buyers to every seller----Afternoon Or Monday Bankers will push Back----40cents is still Not Off-Limit yet

Posted by RJ87 > 1 month ago | Report Abuse

I always trust singor judgement…although estimate profit off abit..but I still trust u

Posted by SinGor > 1 month ago | Report Abuse

Actually Jack-Up rigs earns More money than last Qr----77mil But i cannot estimate Velesto corporate Cost
which management are recognising......And i am using a average of $120 Day Rate ( Management used $107----Next Qr i am using $135 Day Rate----if Management is NOT recognising other Corp cost then Next Qr
Net Profit is Huge compare this Qr ( 77mil )

Posted by Macgyver111 > 1 month ago | Report Abuse

Maybe run away from tax..😂

Posted by Macgyver111 > 1 month ago | Report Abuse

I expected their FCF to exceed 350 million, my rough estimate.

Posted by MalaysiaEquityGuide > 1 month ago | Report Abuse

https://www.youtube.com/channel/UCJIUg174jlTqliNPGKaxT7Q

SIME

Posted by Macgyver111 > 1 month ago | Report Abuse

In the next 2 quarters, FCF surpasses debt with this type of profit return.

Posted by SinGor > 1 month ago | Report Abuse

You should Not feel afraid that QoQ is down 30%---actually this Qr is better than last Qr BUT management
used 30mil from profit to pay others management expenses----Just like 3Q23, net profit is 1.2m, I am very
surprised but further check indicate management used 70m to pay off Short term Loan.
If I can find All the "missing money"-----be 100% sure Bankers saw it. This will be a Good Betting Qr, next Qr
is hard to say ( I think Big Boys will sell to lock in profit )

Posted by Jonathan168138 > 1 month ago | Report Abuse

SinGor this quarter Integrated Project Management (drilling I-RDC) recorded negative 35 million revenue and last year same period also recorded the negative 32 million.

What does this mean? Negative revenue because the service outsourced to 3rd party?

Posted by SinGor > 1 month ago | Report Abuse

I-RDC donT generate alot Profit---Revenue compare to Jack-Up is 12% or lower----I think you are confusing
between Revenue and profit

Posted by Jonathan168138 > 1 month ago | Report Abuse

SinGor you check the segment breakdown of Integrated Project Management under drilling I-RDC. This division revenue is negative 35 million and also recorded lost of 12 million.

Posted by Gentingbig > 1 month ago | Report Abuse

to me velesto is a jinx counter, everytime i buy i have to cut my loses. last friday again i jump in and again the price went down its really not for me. in and out 3 times already and yet cannot make money from this counter

Posted by Macgyver111 > 1 month ago | Report Abuse

In and out 3× in just a short period. Wonder why you can't make money dispite the rest can. Velesto for mid to long term investors. You need patience and holding power at lease up to Nov to get the pay off.

Posted by Neoh10855 > 1 month ago | Report Abuse

Good QR but share price slump down 🤣next QR next next QR also same till global market financial crisis coming. Buy low sell high 🤭

Posted by Macgyver111 > 1 month ago | Report Abuse

27 may 2022 trading @ 0.12.

Posted by Gentingbig > 1 month ago | Report Abuse

haha becos i need the fund to purchase other stocks which make me laugh to the bank also lah...sns, epicon and cloudpt

Posted by Gentingbig > 1 month ago | Report Abuse

also jcy. otherwise all the fund tied down by the way my source everyday also got tips how to keep every counter. i cut my losses around .2 cents but i earn back much much more

Posted by Neoh10855 > 1 month ago | Report Abuse

Good QR share price drop, Bad QR how ar?

Posted by Gentingbig > 1 month ago | Report Abuse

for sure velesto will come one day as it has been holding well fluctuating between .275 to .295. the million dollar question is when?

Posted by Neoh10855 > 1 month ago | Report Abuse

Ya.. One day Velesto will go back IPO price RM3

Posted by Macgyver111 > 1 month ago | Report Abuse

The dividend payment is expected to be between $25 million and $30 million, according to my rough calculation.

Posted by Macgyver111 > 1 month ago | Report Abuse

I am unsure of under which revenue or expenses they declared. Perhaps this is the management expenses that missing in 1st qtr...maybe.

Posted by Macgyver111 > 1 month ago | Report Abuse

Permodalan Nasional Berhad (PNB) hold 4,348,186,695 shares while Hong Leong Asset Management Bhd. 639,934,700 shares.
Just figure out how much dividend payment they get...

Posted by Macgyver111 > 1 month ago | Report Abuse

https://www.upstreamonline.com/exploration/petronas-carigali-to-appraise-duo-of-malaysian-discoveries/2-1-1650151

Naga 6 assigned for this project. DCR reviewed.

Posted by Neoh10855 > 1 month ago | Report Abuse

Good news but... 0.285. Still same High selling volume

Posted by hafizfizor90 > 1 month ago | Report Abuse

its oklah 0.285- 0.30 still consider very cheap for this stock.

Posted by miji > 1 month ago | Report Abuse

hibernate...

Posted by Neoh10855 > 1 month ago | Report Abuse

Managing director and his teams tido mati.. Big shareholders tunggu durian jatuh 🤭

Posted by junetan11 > 1 month ago | Report Abuse

i holding for many years. last time drop til 0.1x, I didn't sell also. now back to 0.28... just wait again............

Posted by Neoh10855 > 1 month ago | Report Abuse

Waiting get back IPO price again

Posted by azfar8 > 1 month ago | Report Abuse

wow, tp rm3? i should collect it some more while the stock at this price.

Posted by hzboi > 1 month ago | Report Abuse

Crude $80 again. This stock better wake up soon.

Posted by Neoh10855 > 1 month ago | Report Abuse

Susah..

Posted by Neoh10855 > 1 month ago | Report Abuse

Lagenda QR also profit but share price limit down 🤣similar like Velesto

Posted by Neoh10855 > 1 month ago | Report Abuse

RM3. 5 mil sold at Rm0. 28 one shot 😳

Posted by azfar8 > 1 month ago | Report Abuse

Short term may not pose interesting movement, but gradually it will be on the upward movement back. Also, market need a breather after hitting the two years high, at least a week or two, so not that interested to go in and out in shorter term.

Posted by Macgyver111 > 1 month ago | Report Abuse

It's normal for every shares hibernate for a while after dividend payment. Prospect is there later on...

Posted by Macgyver111 > 1 month ago | Report Abuse

I consider this is still a good company as long as brent at higher side. Expected qtr 2 to 4 going to make money even with some rigs put under scheduled maintenance.

Posted by Neoh10855 > 1 month ago | Report Abuse

Perdana better.. Luck no good chose the lousy counter..

Posted by specializedvenge > 1 month ago | Report Abuse

Killing me softly this velestory

Posted by jenabchen123 > 1 month ago | Report Abuse

Go pick some more. No worry. The slump partly money manager go trips for school holiday. Next Tuesday zooming back for sure.

Posted by Neoh10855 > 1 month ago | Report Abuse

RM5. 5 Mil throw out at Rm0. 275😳dont know which big shareholders? 🤔

Posted by Neoh10855 > 1 month ago | Report Abuse

CapitalA even bad QR but the share price never slump down 😆 like Velesto. Maybe CapitalA shareholder more steady than Velesto shareholder.

Posted by hussin88 > 1 month ago | Report Abuse

Sey mula menadah di 265 :)))

Posted by Neoh10855 > 1 month ago | Report Abuse

Soon will reach 265..after AGM nothing give to shareholder confirm big big lot will selling out 😆 305 to 075

Posted by miji > 1 month ago | Report Abuse

hopeless counter

Posted by Neoh10855 > 1 month ago | Report Abuse

AGM finished?

Posted by Macgyver111 > 1 month ago | Report Abuse

Canteeek! Collect lagi. Collect low sell high later..😀😁

Posted by Macgyver111 > 1 month ago | Report Abuse

Many wait @ 0.27 like hungry lion.

Posted by Neoh10855 > 1 month ago | Report Abuse

Hungry lion they are fund Institutions.. They will slump down the price and waiting collect the low price.. Pump up pump down is their professional jobs..