https://www.morningstar.com/stocks/xkls/5210/ownership

Sigh, don't know how low will go down again

https://www.klsescreener.com/v2/news/view/630756

56 already

Oil price continue to drop further

Oh shit, djia down 600points

Actually this case very similar to October and November 2018, price tanked from 0.50 to 0.40 then 0.30++, then to 0.15, now really scary

I suspect something really bad happening inside, that's why selling pressure non stop till now

0.555 to 0.355 is just on weeks only , hopefully not going down to below 0.35, otherwise support broken again

Really tired and tension of watching this stock

If next week really drop again then I will really sell already

Hockben, why solid you say uptrend????

But totally never see any rebound at all

Tuesday dropped 10%, Wednesday dropped 3%, yesterday dropped 5%, today drop 5% or 6% again

Armada already bug drop since Tuesday and yet to see any rebound

Hockben, how to have upward trend today? It's already dropping 2 cents again now

Today knm and Armada operator must be the same

Oil price up 2+%

Oil price big rebound already

Hockben, are you sure? Now it's already dropping so much

Mikekim,you still remember when Armada worth for 0.30++++ or even 0.40++that time, but Armada operator kept collecting cheap shares at around 0.17-0.21

Mikekim, there is no doubt that the fundamental is OK, sell down is because of EPF dumping and also pakat with shorties to press down the price for Armada operator to collect super cheap shares now

Because last time EPF also kept throwing,the another side Armada operator kept collecting shorties shares

This is exactly the same like 0.17-0.20 that time before the share price spiked up previously

Never see a counter never rebound one, Armada is the one

Armada is now not only super undervalue , it's already super much undervalued

And again, Armada operator has yet to collect cheap shares now, that's why asking EPF to keep dumping until attracting all those sohai shorties to short

And I believe whoever big fund comes in, EPF will keep dumping until no big fund buying

The bottom and supporting price are only smelly Armada operator and EPF will know

If spinning lotus and i3lurker are so good heart, he will advise us to sell when it was 0.55, but why now?

Today last 15 minutes drop should be due to dumping by EPF

Mikekim, you still got bullets to buy on dip tomorrow?

Armada totally no rebound at all, but I sold some at 0.41 to 0.40, and now waiting at 0.38-0.385

Don't be cheap guy please

Fuck you la shpok, everyday tell the same again

Mikekim, highest is DBS, but you think can go up to 0.75?

DBS giving 0.75 as target price? But the price not even can break 0.555

But only attract alot of shorties coming in to short only

Dbs write up not even able to move the company share price up for even half a cent

Even though see they shorted, but never see they queued to buy back?

Today how come very low volume?

According to AllianceDBS Research, Bumi Armada has reasonable grounds to appeal against the decision of the Australian Supreme Court, which had ruled in favour of WEJ over a contract to provide floating production storage and offloading services on Sept 30,2011.

PETALING JAYA: The loss of its claims against Australia’s oil firm Woodside Energy Julimar Pty Ltd (WEJ) will unlikely have a material impact on the financial position of BUMI ARMADA BHD.

According to AllianceDBS Research, Bumi Armada has reasonable grounds to appeal against the decision of the Australian Supreme Court, which had ruled in favour of WEJ over a contract to provide floating production storage and offloading services on Sept 30,2011.

The brokerage maintained its “buy” rating on Bumi Armanda, with a target price of 75 sen based on 13.8 times estimated earnings for the financial year ending Dec 31,2020. The target price implied a price-to-book value of 1.2 times. “We believe that the worst for Bumi Armada is over. The company has resolved its debt issues and is improving its operations progressively as seen in nine months ended September 2019 figures, ” AllianceDBS Research explained.

“Earnings are expected to be stable going forward. The company is focusing on improving its existing operations and is not planning to venture into any new projects until it lowers its net gearing significantly, ” it added.

Bumi Armada’s shares fell one sen to close at 41 sen yesterday.

On the recent court outcome, AllianceDBS Research said it was not expected to have a material impact on Bumi Armada’s financials, as it had not imputed the scenario of Bumi Armada winning the arbitration case, as it had been ongoing for almost four years without any verdict.

“We believe that Bumi Armada would have reasonable grounds to appeal against the decision, but we will continue to exclude the instance of Bumi Armada coming out with any form or amount of compensation, to be conservative, ” it said.

In a filing with Bursa Malaysia on Tuesday, Bumi Armada announced its claim against WEJ for the termination of a contract for its floating production storage and offloading unit (FPSO) vessel Armada Claire back in 2016 has been dismissed in court.

The FPSO specialist said its subsidiary Armada Balnaves Pte Ltd would need to pay WEJ A$1.57mil (RM4.33mil) for reimbursement of miscellaneous charges.

Despite the charges, Bumi said the firm was entitled to a payment of US$2mil for unpaid milestone claims and A$341.2mil for unpaid invoices.

“The Supreme Court ruled in favour of Woodside Energy on Armada Balnaves’ main claim of repudiation of the contract.

In 2016, Woodside terminated the contract with Armada Claire FPSO that was operating at the Balnaves Field, offshore north-western Australia since August 2014.

Following the termination, Bumi Armada, via its Armada Balnaves subsidiary, took legal action against Woodside seeking a A$283.5mil (RM1.15bil) compensation.

The trial for the case was held in February and March 2019, and last week the court found in favour of Woodside and dismissed Bumi Armada’s A$283.5mil compensation claim.

Bumi Armada said the company is currently reviewing the judgment and considering possible grounds of appeal. Any appeal is to be lodged by Feb 14.

Waiting to collect back at 0.40-0.405

Sold some at 0.415 , and waiting to collect at 0.400 or 0.405

https://www.klsescreener.com/v2/news/view/629658

So don't think will rebound in short time

0.40-0.42 repeats again, as Armada operator really like to collect shares around this price

I sold some already at 0.415 this morning, waiting to buy at 0.495

No support at all

Now totally no volume already