VELESTO ENERGY BERHAD - WARRANTS 2017/2024
KLSE: VELESTO-WA (5243WA)
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Last Price
0.005
Today's Change
0.00 (0.00%)
Day's Change
0.005 - 0.01
Trading Volume
412,000
Overview
Type
Company Warrant
Sector
ENERGY
Listing Date
25-Oct-2017
Maturity Date
18-Oct-2024
Issue Size
1,513,399,754
Exercise Price
MYR 0.395
Ratio
1:1
Timeline
Today: 01-May-2024
Listing Date: 25-Oct-2017
Maturity Date: 18-Oct-2024
Prices
Warrant Price
0.005
Exercise Price
0.395
Underlying Stock Price
0.27
Conversion Ratio
1:1
Indicators
Value
Intrinsic Value: 0.00 (0%)
Time Value: 0.005 (100%)
Premium
Premium: 0.13 (48.14%)
Gearing
54.00
Additional Info
Issuer
VELESTO ENERGY BERHAD
Description
ISSUANCE OF 1,513,399,754 FREE DETACHABLE WARRANTS IN UMW OIL & GAS CORPORATION BERHAD ("UMW-OG") ("WARRANTS") ISSUED PURSUANT TO THE: (I) RENOUNCEABLE RIGHTS ISSUE OF 4,836,727,688 NEW ORDINARY SHARES ON THE BASIS OF 14 RIGHTS SHARES FOR EVERY 5 SHARES HELD TOGETHER WITH 1,209,181,678 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 4 RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS"); AND (II) SUBSCRIPTION OF 1,216,872,312 NEW ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS-i") TOGETHER WITH 304,218,076 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 4 RCPS-i SUBSCRIBED BY PNB AND/OR OTHER PNB FUNDS ("SUBSCRIPTION")
Discussions
3 people like this. Showing 50 of 128 comments
Velesto Energy aiming for 100% utilisation of jack-up fleet
Malaysian drilling contractor Velesto Energy (formerly UMW Oil & Gas) is hoping that within weeks it will have secured 100% utilisation for its seven-strong jack-up fleet, writes Amanda Battersby.
“Besides working on the extension of existing contracts, the group is also bidding and negotiating for new contracts to replace expiring ones,” said Velesto.
Jack-up Naga 8 is expected to have its existing contract with Hess offshore Peninsular Malaysia extended by another two years to around mid-2020. Meanwhile, one source suggested that a sister rig, Naga 7, could be in line to secure a contract with Shell due to start in the third quarter.
Of Velesto’s already chartered units, UMW 5 is about to start a two-well contract for Repsol off Sabah, East Malaysia. UMW 5 is scheduled to drill the Realgar-2 and Axinit-1 exploration wells on Block SB 309. “The utilisation rate is expected to stay at a relatively healthy level in the near future,” added Velesto. “However, time charter rates remain challenging due to the global oversupply of rigs,” cautioned the contractor.
Kuala Lumpur-listed Velesto officially changed its name from UMW Oil & Gas on 25 May.
2018-06-05 15:55
Can anyone help to explain what is Velesto-WA? Is it good to take up WA? If yes why?
2018-10-23 07:49
md 1961
some comoelling argument for wa not too fat away from exercise price, period still long........
2018-11-30 09:40
this Golden Warrant will give much much higher return compare to his mother :-)
2019-03-14 23:38
提醒: 公司压低母股的股票让持有warrant变成废纸！
warrant是公司发行附加股免费送的，一旦大股东卖完warrant他们将压低价格直到warrant低于行使价格直到warrant到期变废纸。 很多小股民都是损失了大部资金在买warrant.
warrant 是一个风险极高的赌博产品。
2019-03-21 11:33
KUALA LUMPUR (Jul 15): Finance Minister Lim Guan Eng said he may pay another visit to China, potentially Shenzhen again, to attract more investment into Malaysia.
Lim said although the US is the largest foreign investor in Malaysia and is expected to continue to increase, but the potential of China’s capital is increasing.
“China has its advantage, and the US has its advantage. These two countries are among the best in terms of foreign investment, and they are both very important,” he told local Chinese media Kwong Wah Daily in an interview last Saturday.
Lim said if he visits China again next month, his focus will be on investment, so one of the destinations would likely be Shenzhen, to attract high-tech, high-value Chinese major manufacturers to invest in Malaysia.
Lim also said after his first official visit to China earlier this month, both countries' governments are discussing the possibility of establishing an interactive channel for the stock exchanges of both countries.
Lim said he would discuss this further with Chinese authorities if his next visit to the country materialise.
"I hope we can yield some results in the near future," he said.
Lim said in addition to investment and business, both countries also hope to strengthen securities and stock exchanges areas.
After a visit to the Shenzhen Stock Exchange, Lim said they are studying whether it is possible to create a new platform that makes both capital and stock markets more competitive, and gain more access to financing.
Lim said this would require further works to be done, including formulation of the technological process and financing mechanism.
Lim hopes that after visiting China, he could accelerate the materialisation of this objective.
On the matter of potential raising of Panda bonds from banks in China, Lim said the Malaysian government is still considering it, as the government thinks that it deserves a lower interest rate.
Meanwhile, Lim said after visiting Huawei’s operation in Shenzhen and meeting its management, the technology giant pledged to strengthen its investment in Malaysia.
Lim also said representatives from Huawei will organise a visit to Malaysia as well, and he is scheduled to meet them to discuss more on the company’s potential implementation of 5G technology in Malaysia.
"They will come in a week or two. When I am in Penang, I will discuss with them," he said.
2019-07-24 16:38
When coming QR out , sure above 0.17. and currently will around 0.145-0.165 range.
2019-10-30 12:56
dont understand mother been move up.... this warrant son still not move.... ?
2019-11-07 21:36
I manage to let go some at 0.16 and the rest at 0.165. Counter moving very slow.
2019-11-12 01:50
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