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Last Price

0.01

Today's Change

0.00 (0.00%)

Day's Change

0.005 - 0.015

Trading Volume

17,905,700

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

Underlying Stock

Avg Volume (4 weeks)

9,086,358

52 Weeks Range

0.005 - 0.035

Timeline

Today: 14-Apr-2024
Listing Date: 25-Oct-2017
Maturity Date: 18-Oct-2024

Prices

Warrant Price

0.01

Exercise Price

0.395

Underlying Stock Price

0.275

Conversion Ratio

1:1

Indicators

Value

Intrinsic Value: 0.00 (0%)
Time Value: 0.01 (100%)

Premium

Premium: 0.13 (47.27%)

Gearing

27.50

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

LimKL1

Monitor closely.......

2018-04-13 16:29

edison5351

TP for warrant is 30 cents

2018-04-13 17:04

mafiaa18

melampau TP 30 cents. Be realistic pls

2018-04-13 17:54

Yael Jasper

cannot la this tak boleh pakai one

2018-04-13 17:55

SHQuah

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

md1961

Can anyone help to explain what is Velesto-WA? Is it good to take up WA? If yes why?

2018-10-23 07:49

oranje

md 1961

some comoelling argument for wa not too fat away from exercise price, period still long........

2018-11-30 09:40

matket

Last minute move today....tomorrow continue?

2019-02-20 20:25

Ron90

fully loaded

2019-03-11 15:34

unluckyguy

now moving...

2019-03-12 10:59

Ron90

this Golden Warrant will give much much higher return compare to his mother :-)

2019-03-14 23:38

princeo

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

unluckyguy

Touched 0.13 today.....hopefully will go up and up!

2019-04-23 15:14

Besto

wow......

2019-07-16 16:54

Ron90

keep until 2024..by that time, mother already 1.00..huhu

2019-07-16 17:06

Yap Han Han

Dreaming or reality boss???

2019-07-17 15:50

fosther

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

fraddieshare

Coming QR out, above 0.15

2019-08-10 11:14

fraddiebesto

above 0.15 just now...good

2019-10-23 12:40

New19

Today close at 0.16. Do you think can break 52wh of 0.17 anytime soon?

2019-10-29 21:43

fraddiebesto

When coming QR out , sure above 0.17. and currently will around 0.145-0.165 range.

2019-10-30 12:56

newcentury9

tp .17/tp.19

2019-11-06 18:49

Master

dont understand mother been move up.... this warrant son still not move.... ?

2019-11-07 21:36

sheep

will only gap up when mother share is 0.50..wakakaka

2019-11-07 22:23

New19

I manage to let go some at 0.16 and the rest at 0.165. Counter moving very slow.

2019-11-12 01:50

THEREALDEAL

waiting for a sudden up prices

2019-12-03 09:30

azta12

collect

2019-12-12 09:09

THEREALDEAL

boom

2019-12-24 09:40

THEREALDEAL

oh yeah boom

2019-12-27 09:29

THEREALDEAL

sapuuuuuuuuuuuuuuuuuu

2020-01-03 09:35

lewisbong

Cheers

2020-01-03 14:44

traderstrades

what do you think the price will reach guys? guess

2020-01-06 13:29

THEREALDEAL

power

2020-01-07 08:58

andychin888

sleeping?

2020-02-14 09:32

happylucy

ahha

2020-02-20 21:12

CAF-POW

what happen the warrants when Velesto doing the capital reduction?

2020-03-19 10:17

SingaLingum

Go go go!!

2020-11-19 09:13

dzells

push to sell at 0.06..

2021-01-13 12:15

SingaLingum

Today 0.08, TP 0.15, at least

2021-02-18 09:22

not_wendy

collecting...

2021-02-23 21:29

matyeh

This monday cfrm fly to 12cent...be ready

2022-07-24 21:14

matg

mak sudah maju anak masih tidur tunggu nak mati kah

2023-03-03 14:48

Stocker

Anak mari ~

2023-05-10 09:08

Stocker

gogogo

2023-05-30 16:08

Stocker

inikalilah

2023-06-01 20:31

Stocker

premium so low

2023-08-28 15:54

Stocker

to the moon

2023-08-28 16:14

Stocker

Besok anak ?

2023-08-29 18:20

Suriyan

Naik tak sebelum expire?

1 month ago

Suriyan

Naik tak senelum expire?

1 month ago

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