VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.22
Today's Change
-0.01 (4.35%)
Day's Change
0.22 - 0.23
Trading Volume
27,964,300
Meeting
| Ann. Date | Date | Time | Type | Venue | View |
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Discussions
26 people like this. Showing 50 of 22,591 comments
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
Today AGM , hope ever confident CEO can say sth good ba ? And those Fatt king Stu pick analysts can raise their TP s …..
1 week ago
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
1 week ago
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)
1 week ago
agm ends at 2pm today. Maybe tomolo Banker Tp Out. Meanwhile if price keeps going up after 2PM---something
Good was said in AGM
1 week ago
Watch up for the news ard 5pm ba , normally the edge will announce ! Sure will be good !
1 week ago
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
1 week ago
So next time , remember to sell 1 day before QR release …. Then buy back later ? Lol
1 week ago
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
1 week ago
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3358761
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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
1 week ago
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.
1 week ago
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.
6 days ago
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
6 days ago
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
6 days ago
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.
6 days ago
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.
3 days ago
kaki goreng had unloaded on Friday bcos of LONG holiday. Tomolo with High Oil price-------Goreng time
3 days ago
Look at bumi Armada today's performance...sky diving man. 0.64c to 48.5c. Adoi!
2 days ago
Fpso Kraken shut down due to malfunction transformer. Takes at lease 1 to 2 month to get it run back. Luckily I already disposed few month back at 0.68c. Now all in Velesto.
2 days ago
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