Posted by azfar8 > 2 months ago | Report Abuse

yes, can wait, but if price move up, you will missed the trend.

Posted by Neoh10855 > 2023-09-21 16:59 | Report Abuse

How long u waiting for the price climp UP? Since IPO? Good QR trend down.. Soon global financial coming then u have to wait for the company close down

Posted by xcraft > 2 months ago | Report Abuse

Put money in fixed deposit if scare to invest

Posted by Neoh10855 > 2 months ago | Report Abuse

RM5 Mil ++ sold at 270 one shot 😳

Posted by Neoh10855 > 1 month ago | Report Abuse

Suppose put the money to Perdana better.. This counter too lousy

Posted by Macgyver111 > 1 month ago | Report Abuse

Still got time, go put in Perdana now. This is lousy.

Posted by liferosak > 1 month ago | Report Abuse

go back 0.21?

Posted by Neoh10855 > 1 month ago | Report Abuse

Congratulations

Posted by Macgyver111 > 1 month ago | Report Abuse

Wow! Canteeek collect lagi...all in 😁

Posted by Neoh10855 > 1 month ago | Report Abuse

RM8. 2mil sold at 265..Big Institutions won liao

Posted by Neoh10855 > 1 month ago | Report Abuse

All in waiting for rebound back 😳 RM3? 🤭

Posted by Neoh10855 > 1 month ago | Report Abuse

Early morning insider sold so much 😡KNN.. now selling volume too heavy.. Lose a lot of money 🥲

Posted by Macgyver111 > 1 month ago | Report Abuse

Collect collect. This is last round they give you chance to collect cheap cheap...once engine start you won't get it.😁. Investment mesti mahu berani. Like Warren Buffet once said "be fearful when others are greedy and to be greedy only when others are fearful"

Posted by Neoh10855 > 1 month ago | Report Abuse

I will collect more when drop to below 10 cent..

Posted by hzboi > 1 month ago | Report Abuse

Long term velesto investor is numb to this. a company that will let you down but enough to give you hope at the same time. I don't know if this is dumping... my guess is a change of hands with shares potentially new shark to emerge.

Posted by Gentingbig > 1 month ago | Report Abuse

THIS COUNTER never fail to disappoint me always i jump in and i have to wait and wait until i cut loss at breakeven. this is the 3rd round. blady shit counter

Posted by azfar8 > 1 month ago | Report Abuse

Haha, to be frank, I dont have enough bullet to collect some more, and it's already paper loss on me, but I'll just hold onto it as i am really intended to hold it a bit longer.

Posted by Neoh10855 > 1 month ago | Report Abuse

Haha.. 260 coming 😆

Posted by hzboi > 1 month ago | Report Abuse

azfar8, i also have no more ammo. but my average is low enough to not have to worry about it...yet... I do think a lot about to not taking profit at 0.31 few weeks ago. At least I got a just little bit of dividend last week.

Posted by Macgyver111 > 1 month ago | Report Abuse

New shark...EPF.

Posted by Macgyver111 > 1 month ago | Report Abuse

It won't go below 0.26 or worse case 0.25..reffering past trend before move up.

Posted by Neoh10855 > 1 month ago | Report Abuse

Kumpulan wang persara? This is old shark holding 51.65mil of shares.

Posted by Neoh10855 > 1 month ago | Report Abuse

Urusharta jamaah, Permodalan Nasional, State Street Global Advisol, America Century investment, Fidelity international, Chee Keong Chow.. These big shark sold alot.. 😳WHY? Velesto so Good 😮‍💨

Posted by Neoh10855 > 1 month ago | Report Abuse

Percentage Sold more than bought 😆no wonder

Posted by hzboi > 1 month ago | Report Abuse

Neoh you do realize every share sale is to a buyer that absorbs the cost at a lower price right? it's all about perspective.

Posted by Neoh10855 > 1 month ago | Report Abuse

I don't know so much.. I just care about share price UP and down..

Posted by RJ87 > 1 month ago | Report Abuse

Buy more when down, sell when up. Leave half for long term

Posted by xcraft > 1 month ago | Report Abuse

Oversold

Posted by RJ87 > 1 month ago | Report Abuse

this counter is heavily manipulated. Hv to learn to swim with the sharks to be successful.

1/3 hold long term, 1/3 play every 5% selldown buy and take profit every 5% up. Last 1/3 for > 25% drop to play next level.

1 year got 10-20 times 5% also can make 50-100 return. 5% each time. Don’t be greedy.

Posted by RJ87 > 1 month ago | Report Abuse

Shark also smart to choose counters. Only those they confident won’t turn to shit mcm serbadinamik.
This counter ada asset, ada cashflow, tak byk hutang. Apa mau takut? Question is will 10-20% range mau main.
20-25sen, 25-30, or 30-35sen. I think they most comfortable at 25-30sen. 15-20% every 1-1.5months.

Posted by Neoh10855 > 1 month ago | Report Abuse

Can't buy now.. Too heavy selling volume

Posted by Neoh10855 > 1 month ago | Report Abuse

Rm16 mil sold below 270..knn Good QR

Posted by azfar8 > 1 month ago | Report Abuse

hzboi, i am also thinking the same, why didnt i sold, but think back, earlier, there was a nice movement, so i am thinking if i can get what they called as fat tails. but, of course there will be up and down, as long as i didnt put all in in this counter, it shouldnt pose big threat, given the market conditions this week, it's normal, i think.

Posted by GrowingRich > 1 month ago | Report Abuse

Gentingbig:

"THIS COUNTER never fail to disappoint me always i jump in and i have to wait and wait until i cut loss at breakeven. this is the 3rd round. blady shit counter"

ha ha ha🤣

maybe 7th time lucky eh?

Posted by jacintateh > 1 month ago | Report Abuse

Same same la I also experience all this shit.

Posted by hzboi > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/06/03/velesto-seeks-to-be-more-asset-light-this-year

Posted by hzboi > 1 month ago | Report Abuse

“The company also has no intention to add more drilling assets but plans to be more asset light and to move into production services that are more resilient to the cyclical nature of the industry,” the brokerage noted.

The company at the same time is exploring opportunities, either through mergers and acquisitions, partnerships or joint ventures, but has not determined any target, the research house noted.

1) Personally I like that its diversifying more to production service and going light in asset. For one it's a more reliable source of income.
2) Merger/Acquisition/Partnership/Join ventures? I hope its a change of hands with the recent volume but no movement...

Posted by Macgyver111 > 1 month ago | Report Abuse

This is good news indeed. This laterally means they look to double their revenue and income without owning large drilling assets...easy, profitable money. JV with other deepwater drilling companies that owned vessel without spending huge budgets in this uncertain fossil fuels business. Nevertheless they got Petroleum National authorized license and very good reputation with Petronas...smart way. They will bid the contracts and pass it contract drillers. Same concept with Petronas.

Posted by Macgyver111 > 1 month ago | Report Abuse

Velesto ...Syarikat Petroleum Nasional kedua 😂😁😀

Posted by Macgyver111 > 1 month ago | Report Abuse

Management has strong future planning. That's why they are confident and willing to give shares (ESOS) to their downline staff (and also dividend)

Posted by Macgyver111 > 1 month ago | Report Abuse

I believe the share price will limit up once the JV agreement materializes. Patience is the key.

Posted by SinGor > 1 month ago | Report Abuse

The only Biz Velesto can venture into without spending money on Expensive Rigs is Carbon Dumping back
into "Old Drilled Oil pipe line "----Liquid Carbon Dioxide Captured from Atmosphere are pumped back into
and "stored underGround "-----It will be good Biz in 5--7 years Time---Malaysia allows CO2 dumping into Old
pipes underGround-----Carbon Trading has Not take off but sooner or later---Velesto can Sell Dumped CO2
to EU and USA ( signed pack ) So far India and China has not signed the International Agreement but it will
cost these Countries alot money if Worldwide inposed sanction on them

Posted by Macgyver111 > 1 month ago | Report Abuse

Brent moving towards downtrend..hopefully recover back tonight.

Posted by jenabchen123 > 1 month ago | Report Abuse

No worry on this temporary set back. As their income is locked for the next 2 years.

Posted by raymondroy > 1 month ago | Report Abuse

velesto : EPS 0.57 and share price 0.265; while bumi armada : EPS4.06 and share price 0.57...... annualised PER of 11.6x VS 3.5x ....... which is better ??? Wasco also same boat with bumi.... PER 3.6x

Posted by Macgyver111 > 1 month ago | Report Abuse

They put max pressure to contra/weak players. Weak out strong remain. Those got holding power will win the battle eventually..sabar

Posted by azfar8 > 1 month ago | Report Abuse

Okay, I hold it

Posted by TonyHandsMan > 1 month ago | Report Abuse

patience will be paying off....

Posted by SinGor > 1 month ago | Report Abuse

raymondroy
velesto : EPS 0.57 and share price 0.265; while bumi armada : EPS4.06 and share price 0.57...... annualised PER of 11.6x VS 3.5x ....... which is better ??? Wasco also same boat with bumi.... PER 3.6x
__________________________

Hello Dear, you are comparing---A Hen, A Duck and a Goose----All walk different style----Velesto ( Jack-Up }
Armada ( FPSO ) Wasco ( wrapping steel pipes )

Posted by SinGor > 1 month ago | Report Abuse

Chicken rice is cheaper than Roast Duck Rice and as for Roast Goose Rice, you can only get in HongKong