3.50 next support

its good to tell people not to buy Jaks, its a death trap. as long as the property section is not resolved, it will drain any profits.
take a look at evolve mall, and you will be surprised that such a place exist. Truly horrifying. All the costs to maintain a mall down the drain everyday. they should dispose this liability at a fire sale as they are incapable to run it

live and fight another day.
even the best cant fight bearish market forces.
Jesse Livermore lost and made his fortune 4 times. At the height he had 100 billion (in todays money)
We are on the edge of a collapse in a 10 year cycle. even reported good result does not boost the share price. This phenomena is seen in every bear market correction and there is no demand for shares. drop in shares would be gradual and form a death trap.
Why rush to buy GenM? 2019 wont be a good year for them, with the lawsuit on there will be a cooling period until trial whereby it is certain there is no settlement than the theme park will continue

Hopefully some disposal news will bring it up again. Technically in better position than Sapnrg before RI.
Maybe a JV/ sales could help as foreign OG are still rich.

Liquidity is actually high because of the 2 days dumping. Retailers are in now. Unless a powerhouse would scoop it all up,will it happen? Remains to be seen. Ability to absorb 400 million shares

Darkest before dawn?

As long as it is not PN17 we are safe...

look at it this way, a lot of people bought too during these 2 days ...that's circa 400 million shares

yes...that's enough to drive down 20 cents

there is only one nagging fear, that's PN17....

by now shpok you hold how much shares?

last time epf sold sap 2o million from 80 to 60...

1 million and 200 million shares is a lot of difference

who actually pay more than 0.1%? service is clicking on a mouse...obsolute

anyway still got remisiers ?thought extinced already....dealers can tell which broking house only....

remisier got proof?

look on the bright side, then it could be AIA, dumping like no tomorrow, then its a buy in opportunity

any proof its epf?

you don't know if epf is dumping....who will sell at 10 cents...think rasionally

epf bought after QR too. the lastest I think they sold down because I think they know someone wants to sell down....

PH needs to employ a capitalist to run the financial markets. Malaysia need to be pro business. We need a Donald here.

All these idealists want to give social benefits without balancing with income is crazy. Now that oil is down, they might revert back to the weekly change in petrol price. One big round. more honest but no big ideas

finance costs circa same as last year but its just approaching maturity. Restructure to longer term and move forward.
don't think the banks want to own an fspo nor cut loss on their financing

wonder if mike kim still holding? maybe he shut himself away for 12 months and come back to review....

the tax hike another bomb..affect 30 to 40 % of earnings.

assume 20 eps..net 14 cents @PE15, that's 2.10 safety level to buy.

98% occupancy is no big deal. Majority probably 80% are free rooms

exactly. Why privatize unless he is prepare to put in more funds?

unless he offer like close to nta value...haha

he needs a 75% consensus

nobody thought an AK company will do so badly...only one bankruptcy in India so far, costs him 6 billion.
doubt he would splash more money to privatised Armada, hes not young with no apparent heir

At 16 billion shares, need a net profit of 1 billion to be meaningful and relevant

Assets not based in US, why file in US? Maybe its real..haha

has the 50 million penalty been accounted for? heard they refuse to pay up....
actually nothing going for it. property division is haemorrhaging and there is no cashflow from the Vietnam project. how long would the RI money last? no wonder drop so much..uncle must have ran away

are you Alan Nga?

so far, CIMB has the most comprehensive update, also their usual IB

http://www.johorbiznet.com/2018/11/26/cimb-research-expects-bumi-armadas-debt-issues-resolved-q1-2019/

doubt its substantiated, some people wants to create more problems....opportunist 74 posts

We just need to wait to see if Armadas reply helps....or if it is a major shareholder above 5%, that needs to report

no need new project, just normalize profits will do in 2019...when people are confidant of OG industry then can RI. Normalised profit estimated to 400 mil before all these impairments that's circa 7 cents eps.

There is no worry for RI at this moment, the RI price cant be at 16 cents. If you look at current price an RI proposal will drive up the price to the proposed price say 30 cents.

this looks like the AIA selloff of Presbhd, at any value.....hopefully it is as foreigners own 12%.This presents an opportunity.

All they need is to restructure the ST debts

The only danger is PN17

has the 50 million penalty been accounted for? heard they refuse to pay up....
actually nothing going for it. property division is haemorrhaging and there is no cashflow from the Vietnam project. how long would the RI money last? no wonder drop so much..uncle must have ran away

that's quite a denial

Less than 5% equivalent to less than 300 million...watch the volume

If it is buy in opportunities

Maybe it's Aia, they dump presbhd like no tomorrow

Whole market dead...

Pe 3 to 4 only. Maybe pe5 to 6?

Theoretically rebound should take it 24 cents..At 75% Fibonacci

Well, there is nothing to do but watch. 10 cents? They still throw? Year high 95 cents now 16 cents that's 83% retracement.Defy Fibonacci even.

This is the only stock I seen in my lifetime, that drop without any support at all...

Maybe its one of the funds exiting OG industry but still confounded they are willing to sell at this price

But all the while, Epf did not sell, buying during the downtrend.
It could be rebalancing of portfolio, other OG was also hit today.

Why would Epf sell at this price when optimum RI would be priced at 30 to 35. At least 2 billion funds raised.
Only possible reason is PN17..which explains the plunge. At this price, that's the only reason