Redeployment of Claire in Brazil basin not priced in yet...

Armada every quarter also pay few hundred K to maxis for telecommunication services

THEREALDEAL, Amazon Q4,19 earnings beats estimates. Jeff Bezos is USD15Bil richer.
Is ARBB make going to make RM1Bil in revenue?

If buy ICON at 8sen, sold at 80sen like urusharta did, u made whopping 1000%.

The problem is if u buy at 80sen and now it's 12sen, u think should be concerned or not?

Show how did u come to this number 200% from 5%? I think it has something to do with ICPS. Now, people without ICPS, how to do what u did?


Elaine Tan I now has 15% invested in shares

Already up 200% from 5%

So why are you guys so concerned ?

Most of it is profit

HEHEHE

Follow ME

MY calls all to buy winning shares

"Whatsoever he doeth shall prosper"

" Joseph was a prosperous man because the LORD is with him"

U queue 41sen, u r helping shorties....Imagine retailers suddenly shift the block from 41sen to 45sen. Shorties who already short at 40sen will hv to buy back at 44sen....

Die kiao kiao...strategy in the morning is to set the block at 41sen while buying at 40sen. If you see large IDSS volume. Then in the afternoon, shift block to 45sen. And sell back to shorties the share they sold to you at 40sen.

Sanichi Technology Berhad, an investment holding company, is engaged in the design and fabrication of precision moulds and tooling for use in automobile, home appliance, audio visual, computer peripheral, electrical and telecommunication industry in Malaysia. It also offers plastic injection and conventional plastic injection moulds. The company was founded in 2000 and is based in Johor Bahru, Malaysia.

suddenly, got a subsidiary called Sanichi Property. Developer for Marina Point. Ahahahaha...
Investor kena pu nicely there. haahahhaha

The ICPS can be converted into new Shares at the conversion price of RM0.20 ("Conversion Price") in the following manner:

(a) by surrendering of such number of ICPS with an aggregate value equal to the Conversion Price to be converted for 1 new Share; or

(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Share.

Total issue ICPS 1000mil shares.
Proceed from corporate exercise of ICPS 10mil
Proceed from share capital via conversion of ICPS 42mil/0.2 = 210mil shares.

opportunity lies at those held mothershare before ICPS. ICPS at 0.01sen. Add 0.2 to convert. Sell open market 0.275 to 0.4 by setting value trap. Making 30% to 90%. This exercise only benefits the company and ICPS owner. You buy in now, you are gonna deal with 800mil shares dilution.

Knowing this fact, its not all bad. At least, there are still 800-1200mil ICPS holding on their share. Either don't hv the 20sen capital to convert or believe ARBB can do better.

Current Market Cap of 80mil, Current asset is worth 77mil.
Full conversion of 800 outstanding ICPS will add another 160mil to 240mil will cash into ARBB.
making total Current Asset worth 240mil to 320mil. So much cash...no plans...now, I don't know where the 45mil investment went to. No words about it. Don't be surprise if ARBB becomes like Sanichi. You know, raise money from equity...then become a developer...

If market value this business at Market Cap 400-450mil, then the price is 0.24-0.265. There is not much downside. Very attractive for a company with 100mil Revenue make 35mil profit IF 35mil profit are CASH not trade receivables.

See better make sound investment decision than to listen if Kenny Chua farts. If he farts, ARBB is good. I can't relate how he farts will make ARBB more profitable. I'm just not that type of investor. I look at numbers.

Upto you to choose which "investor" you are.

Yinson is trading at 4X it's book value, 40times it's earnings.

Armada is trading at 0.8times it's book value, 6 times it's earnings.

Urusharta sila goreng ini counter macam ICON. Thank you.

Market is a scamming machine.

Wah Seong reported revenue drop from 706mil to 429mil and profit plunged further from -9.9mil to -30mil yoy losses. Not a word about the losses but focused on, apparently results beats estimates? Kenanga, MIDF, Public bank.

What exactly are analyst thinking?

And perdana don't have urusharta to back the price...

u see waseong, got urusharta backing...Price refuse to go down despite -30mil losses....

“We would recycle money into companies that have higher potential for capital appreciation or higher-yielding stocks.”~ Urusharta CEO Izad Sallehuddin

Urusharta transferred 92mil shares....I wonder what stunt they gonna pull here.

Baik set sell queue siap siap at 80sen. Who know ICON V2 happens here.

Or they sapu warrant gao gao already, then gonna start pushing the mother share up.

https://www.theedgemarkets.com/article/urusharta-jamaah-ceases-be-substantial-shareholder-icon-offshore

This urushara is full of hanky panky. Now, just dunno if u wanna be the dancing or crying side.

It only means Perdana last quarter got one off job with good margin.

Better be only FPO operators and sell OSV asset. Else, OMS has to improve.

OMS is dragging armada down.

Go see the balance sheet yourself. Trade Receivables 10mil in Q4,18 and 49mil in Q4,19. I'm quite sure you can see that if you are NOT BLIND.

If ur Revenue is RM100mil, RM70mil is your cost + expenses. Your profit is 35mil, Trade receivables increased by 39mil. Technically, u r operating at negative 4mil in cash.

I follow this counter 2 quarters ago. The more I read, the more dodgy it appears to me.Bought in at 33sen, went up to 39sen, and exited everything at 37sen. Market cap 80mil, if it goes to ZERO, it will just go to ZERO. You don't know where are the customers. You don't know what asset they own. Out of the 1.4Bil ICPS, I don't know who owns what. AFAIK, it could be Datuk Yeo himself. Maybe should run background check on him how much he owns ARBB shares, and if any of his associates are his customer. Private Companies 9.7%,28,181,961 shares; Individual Insiders 16.2%, 46,916,612 shares; General Public 74.1%, 214,714,127 shares

You can invoice as much as you like every year. But when you decide to write off in 2020; your 2019 35mil profit will just vaporize. Maybe you are happy to keep the numbers in form of invoices. MoU instead of LOA. I prefer profit appears in operating cash. Let just say this is a stunt they are pulling...then, do show also do in full. Collect payment, increase operating cash. I will myself value ARBB at PE6 instead of PE2. Now, everything in invoices...you know la...you want say what later also can. Until these "profits" appears as cash. I join at PE6 or 10 nvm. If doesn't appear in cash, give me PE0 .5also I don't want. That's the reason i'm still here. I wanna know when they are gonna turn profit in cash and actually have a real business.

Hwa Siong Chong, Phooi San Khoo, Chee Kei Lee, You King Wong, Yan Shuen Er, Boon Siong Lee, Yee Au, Kok Liew. Your name aren't listed; hahahha...you not that big a deal anyway. =P
And if you are, u better come punt for ARBB every second. And I hope you are close to this Datuk Yeo and Kok Liew. At least, if they are screwing the 74.1% general public over. You get heads up. Market cap 80mil, ICPS exercise and issuance raised 52mil. Cash balances left 25.6mil. Invested 20.9mil in what not disclosed. Anyone here bother to find out? Or u just interested in punting IR4.0 only.

Yeah, I'm pretty dumb when comes to ARBB. I'm quite sure it's better to be dumb and find out what I don't know about ARBB than be WILLFULLY BLIND and DUMB. If you are dumb, you can learn. If you willfully BLIND, YOU STAY DUMB.

Eh you two, do u have any idea who are their customer and where they get their RM100mil revenue and 34mil profit from? So far, out of 34mil profit before tax, got 59mil in form of trade receivables, about RM10mil carried forward from last year, an increased of 49mil. PBT for 2019 (5076+8612+8236+12683) = RM 34607.

ARBB's financial statement can't balance le. ARBB whole year PBT only 34.6mil. Assuming you collect zero cash, how to increase trade receivables by 49mil with 34.6mil PBT?

Any ARBB "fighter" can explain?

Noting shareholders complain about possible speculative trades on the counter amid high intraday short-selling volume in recent months, Christenson said: “We will write to the Securities Commission and Bursa Malaysia to highlight that shareholders had made this complaint for them to investigate.”

Not possible. Definite.

I wonder how Mabel made money at ICON. I think majority is crying.

Considering the fact that, Urusharta took over at 0.08 and sold at 80sen.

Damm i'm good with my prediction. But didn't expect he will appear so early in the morning...=P

U ciaoz by 45sen panda?

only converted 5mil trade receivables into cash last quarter.

But raise bunch of cash from ICPS and ICPS conversion and invest in property plant and equipment and acquiring subsidiary.

What's accurate is ur desperation in pretending to be accurate....

Here's my prediction on top of IK will come pok pek pok pek....
Market will open. Some people will make money. Some people will lose...

Better question to ask, u so accurate why go tikam 6D and make urself a millionaire...
Come here do "prediction" got 7 use mer?

C data carefully, we were hit by Asian financial crisis on 1997...got drop abit... before that, between 1970 to 2000...our GDP per capita ding dong 5000-7000usd...after especially 2003...rockets all the way to 11k usd...

People needs to know the truth...Zeti should have the best narrative.

Tmr IK will confirm come pok pek pok pek...

Once upon a time, Heng Yuan was 19 dollars. 7 Billion dollar valuation. No company is too big to fall.

If u ask me, it appears very attractive now at 1.2Bil valuation.
sifus here any comment?

It's not easy to make accurate debt over orderbook adjusted valuation.

Why Yinson PE33? Why Armada PE5? Between PE33 drop to PE15 is more likely than PE5 drops to PE 3. If u wanna argue armada got f*cked up. What makes you think Yinson can't be f*cked?

Sorry, dont mean to be rude.

If profit maintains at RM60mil - 75mil translating to EPS 6sen, 30sen-35sen at PE 5 is cheap.
If profit increases to RM100mil-120mil, translating to annualised EPS 8. PE 5 at 40sen is cheap.

I will sell if it every hits PE12. Let adventurous people to chase PE15-20 or 25. Yinson PE33 btw.

RM0.01. Tmr if u ask again will be RM100.

If u ask stupid question. Don't expect to get good answer.

mikekim, good management during bad market.

The 10 years curse with black swan effect. No easy to persuade market to be optimistic of Armada's prospect. Hence, I guess it's a good time to collect.

https://tradingeconomics.com/malaysia/gdp-per-capita

If u look at this data. You will notice something funny at 2000-2005? Our GDP per capita actually started to grow after 2005. What changed?

Hint: Go look up on who retired in 2003. Data DON'T LIE.

micsoh, if u see zoom in until such a micro level...u will not survive tmr.

Look at the big picture. DJIA in 1970 was 5000pts. DJIA in 2020 is almost 30000pts.
Why? Population in 1970 was 3.7 Bil. 7.8Bil. What does that means? There are extra 4.1Bil people that's delivering and receiving good and services.

Next point. In year 2000, Chinese GDP per capita was about USD1000. In 2020, China's GDP per capita has increased to USD8000. How many billion dollar company and billionaires was created?

https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(PPP)_per_capita

1–1800 (Maddison Project)
Index from countries I will stay away from are Western Europe. US, Canada. They are averaging 40k-50K. The high growth on are China. Let's just say you believe everyone in the world are all eventually equal, a smart thing to do is to sell equities from the green countries and start buying those in the red.

https://upload.wikimedia.org/wikipedia/commons/0/0c/CountriesByGDPPerCapitaNominal2018.png

Zoom out abit, see 5-10-15 years. Stay away from index with GDP per capita above USD30K.
There is reason why legends like Ray Ralio says US is high risk. Euro is high risk. Pay attention to emerging markets.

I believe It's easier to increase GDP per capita from USD1K to USD2K if compared "some" country with GDP per capita of USD 40K to 80K. The signal is change in governance and improvement in education and quality of labour. That's why indonesia and vietnam becomes increasing attractive. Malaysia, so-so, still not too bad.

Can be manipulated
Like putting fake sell or buy queue in large quantity. Then, this will strangle the price at a range.

u see there is a freaking 200mil shares sell queue from 39sen until 45sen. Do u think anybody wanna buy at 38.5sen? You won't because, u don't wanna wait for the price to go up. Then u cancel ur buy queue. If all the retailers cancel their queue, the person that put fake sell queue got chance to collect more. And possibly collect from IDSS if they short at lower price.

for the opposite, if they wanna drive the price up. They put big buy queue at the bottom, retailers got no chance to collect any lower than them. Possibly they even buy themselves so that the price goes up near term. Impatient retailers will buy at any price in a temporary upward momentum.

That's why I don't like large cap company. Can be manipulated by operators.

Small-mid cap also no difference. You have people like KYY.

In the end of the day, if u r retailers. Find good business. Buy at a price u believe undervalue and NOT SELL as along fundamentals are intact.

micsoh, banking got hit from 0.25 interest cut. You can foresee reduced deposit in banks.

If people don't put money in bank? Where to do they put?
Best place? Back in the market.

Is this winter limited to Armada?

Petronas still makes sense to advertise in public domain considering they sell alot consumer products.

But if u find OnG service providers to desperate enough to "market" themselves from cycling event....u probably know how f*cked up it is.

Ur customer comes from general public is it?

https://www.youtube.com/watch?v=CXXLMNEJ3L0&feature=share

Good similarity with pearl white... short short short, nowhere to be found already...

Every year also the last few days of reporting quarter. Last quarter make so much money. U got see armada report early mer? Only stupid make relation that report late means bad news. Cannot purposely report late so that can collect low one ar? hahaha

Up to u to believe, it's very unlikely that they will make report losses.
Since they are operationally profitable at pretty good EBITDA margin. The debts will soon vaporize from selling non performing assets and focused on performing assets.

The CEO and CFO worked hard to report straight 3 profitable quarter, they will undo all the good work they did for past 12 months by reporting 1 red quarter.

If they do, from where? They hv impaired a bunch of losses in 2016 from Claire and non performing OMS due to poor oil price. And impaired a bunch again in 2018 from Kraken and OMS from technical and poor OMS utilization. Let just say there is something left to impair from Claire judgement in Q1, 2020 and decided not to pursue the case; then if it appears at all, should be in Q1,2020 report earliest.

SInce I bought, 20++ sen, 30++ sen averaging 30++ sen. What's the logic for me to chase high?

Chasing high is only for those who missed the opportunity to buy at below 30sen.

When I buy at 20++ sen, bcos downside is 10sen, upside is 50sen. I LIKE IT
When I buy at 30++ sen, bcos downside is 10sen(adjusted improved fundamentals), upside is 40sen. I still ok like it.
Now, to buy at 40++sen, downside is 20sen(adjusted improved fundamentals), upside 30sen. I don't like it as much.

Well, there is always people that sells at 40sen. More conservative valuation.
At the sametime, adventurous people that buys at 40sen with his valuation of 75sen.
At the later time, more adventurous people that buys at 75sen with his valuation of RM1.50.
I don't know. I don't care either. As far as I care about, I won't buy anything that upside doesn't give me 3X the downside side.

Can you understand this concept bullrun? Upside, has to be 3X my downside for me to buy anything. For me to buy at high price, increase the risk undoing all the good things I do from buying low.

Here's a caveat, if the CEO continue to run this business profitably; I will continue to hold and makes new valuation based on new fundamentals and earnings projection.

Foundpac, straight 2 quarters improved earnings. Price went up 4X from it's low.
Dayang, straight 2 quarters improved earnings, Price went up 3X from it's low.

DUFU, maintains straight 8 quarters profitability and margain. Price went up 8X.
same as Penta, earnings or margin didn't grow proportional to the price increment.

For Armada, straight 4 quarters improved earnings. BIG Debts adjusted, I give 1X instead of 3X, 4X or 8X is VERY CONSERVATIVE. Statistically, I good at buy things too early and sell too early also. Cost too conservative. Hahahaha

make money from IDSS, and come back play long...

You see, short also make money. Long also make money....

MACD XOVER sailang!

Some people deserves no sympathy.

Putting KAQ bitterness aside....He is doing newbie a service by reminding people how nasty some IDSS come spread baseless bad sentiments.

I hope spinning is shorting from now onwards so that he can die and ugly death.

Damm panda on winnining streak

I have been making valuation estimates since 2017...Previous management nvr failed to surprise me...hence I stayed away...

But last 3 quarters has been within my estimates...so i jumped in....

Hopefully, no surprises.

nothing is impossible mikekim...Armada drop to 16.5sen before....I would have nvr expect that...

Do u know how much he pays the broker? Not enough cover service charges..

I wonder...what’s the purpose of speculating daily market activity.

IDSS scared lo...

Gai gai Kuching...jgn pula buat keputusan jual beli dgn b*llshiit say tulis sini...