VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.225

Today's Change

-0.005 (2.17%)

Day's Change

0.225 - 0.24

Trading Volume

44,047,900

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
26 people like this. Showing 50 of 22,583 comments

specializedvenge

Waiting for 0.15c?
Just like me waiting 7113 back to rm3 in 3 months time.

1 week ago

Macgyver11

7113 - Must wait for another pandemic..😀

1 week ago

Bon888

Let it sell down, let it crash.

1 week ago

Baby Shark

Too expensive d..

1 week ago

Expertise

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

1 week ago

Macgyver11

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

1 week ago

Klse_faizan

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

1 week ago

Macgyver11

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

1 week ago

EAGLE

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

1 week ago

SinGor

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

1 week ago

Lewis Lee

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

6 days ago

Lewis Lee

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

6 days ago

Macgyver11

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)

6 days ago

Bon888

High interest rate era, should lower down the debts.

6 days ago

miracle_trader

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

6 days ago

corpsehunter69

sell on news.... profit also dropping

6 days ago

Expertise

what AGM mentioned about…..

6 days ago

SinGor

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

6 days ago

Lewis Lee

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

6 days ago

serpent100

Sunyinya

5 days ago

Macgyver11

😀

5 days ago

churrosnight

Vrooom up.....

5 days ago

Expertise

Thirty Suda mau mari

5 days ago

EAGLE

lai lai lai

5 days ago

Stocker

gogoggo

5 days ago

Stocker

255

5 days ago

Macgyver11

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

5 days ago

faizalanuar

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

5 days ago

Macgyver11

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

5 days ago

Bon888

Last quarter history just repeat again. Heavy sell down after QR release and rebounded. This is how the national team players (PNB, KWSP) playing the retail shareholders

5 days ago

Lewis Lee

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

5 days ago

SinGor

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

5 days ago

Bon888

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

5 days ago

fruitcake

pump & dump

4 days ago

Expertise

Just talk? Did you buy on dip…

4 days ago

Bon888

Replenished a lots of tickets

4 days ago

churrosnight

Haiyah, one day show saja

4 days ago

sharamancer

someone buying the dip

4 days ago

willc48

someone buy sell on small mergin

4 days ago

faizalanuar

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

4 days ago

Baby Shark

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

3 days ago

corpsehunter69

pump & dump ? true or not ?

3 days ago

SinGor

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

3 days ago

Macgyver11

As I said 0.40 is not a dream reality..

3 days ago

Lewis Lee

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.

3 days ago

Stocker

iniklilah

3 days ago

SinGor

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.

2 days ago

faizalanuar

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

2 days ago

Bon888

That BobAssshole talk cxck only. He doesn't have money to buy 1 lot.

Posted by SinGor > 2 hours ago | 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

2 days ago

heisenbergxv4

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.

2 days ago

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