let me tell u what....IDSS will short harder today bcos it undo their 2 days victory. They will try to win tmr.

They will short harder tomorrow...

Follow the same plan, Retailers! If wanna sell, sell as hard as u can in the morning, so that if IDSS wanna short, they hv to short lower. And if u wanna buy, buy in the afternoon session between 2-30pm to 3.30pm and have urself handsomely rewarded as IDSS have to buy higher.

The same plan. Let do this all the way to 75sen as forecasted by AllianceDBS.

No debt problem. PE12 FYE EPS6sen, 72sen INTACT. Just, hv to do with lesser shares I have collected. Seem like alot very happy with reward of 35sen gain from 40sen to 75sen than risk of 15sen drop from 40sen to 25sen. I'm more than happy to load more if IDSS can give me 30sen. I'm very risk adverse. I'm only happy to absorb risk of 5sen drop from 30sen to 25sen.

https://www.thestar.com.my/business/business-news/2020/01/30/worst-for-bumi-armada-is-over-debt-issues-resolved

Mana 30short seller...do ur work...

My friend want to buy 35sen. Lai!

IDSS scared Mei?

Contra clapping hand now lo. IDSS Pucat lo.

U short this morning, u gonna dieee! My plan works...

If u lose today, u gonna short to recover ur loss. And if the pull back didn’t happen tmr...u lose even more. U be warned.

18sen or 22sen when armada got real risk of defaulting It’s short term loan.

A good move to replace the CFO...i think the last one wasnt aware sukuk violation from impairing too much of Armada asset would breach sukuk covenent. Plunging armada down below 20sen.

Between 25sen to 55sen, where was the resistance? How many IDSS bloodied?

Actually, good for IDSS...one year without without capital can make money...

Hopefully they can recoup their losses...

Resistance will on last until it’s breached...

Fire sale during panic...got other counter value emerged...will go over later...

U better stay here la...there no volume one...

Hv to wait 3-5years....u got that patience?

Only thing that determines if u gonna make or lose money is ur investment period. 1 day for IDSS, 2 days for contra and upto 3-5 years for long term.

I’m eyeing AWC, MSC, and EATECH.

When it’s going up, and u feel the itch of buying...thennnnn...u know la...

Zero....next collect batch is 32 and 28...

Last round of 36 collected last week...

Not strong support yet...will only load up at support. And contra heavily on upward momentum.

https://www.thestar.com.my/business/business-news/2020/01/30/worst-for-bumi-armada-is-over-debt-issues-resolved

If u r holding armada for long, it shouldnt bother u if it’s 40sen or 20sen In near term...

If u just contra...then best of luck...

If the droppings, then it’s time for contra to bury IDSS the way to 75sen...

I know...Trying to find out who is who...

So, that I no need to response to them when they share “fact”...

Sell! Short seller do ur work harder!

So Lao ya one today?

The fly comes when MOU converts to LOA. And later profit.

Without this...price will only go down with dilution.

Just to layan IDSS that panic continues.

But massive buy in after 2pm. Remember time is working against IDSS. 3-4pm is the time to determine if it’s Guinness time or pokai time.

Okla, if u plan to buy 100lots today, buy 30lots in the morning when price bottoms out. And 70lots later at 2pm. We will close new high.

Mana ur 10% drop...prepared bullets but no drop!

DJIA drop, Xin9 drop...armada up...
F*ck!

Spinninglotus panicking there...my strategy works!

Like I say, IDSS is fearful price rebounding and just as contra afraid price dropping...

Contra guys, u guys bought too early...Let IDSS short in the morning, collect slowly lower and push later in the afternoon session. The push should come around 2-3pm and let IDSS panic buy to close new high.

Gooshem becomes sohemm...

Drop lower! Wanna colllect more!

Says the schizophrenic who is logging in and logging out to talk to himself. =D

==================================================
i3lurker spinning

very obvious Area 51 feller has gone shizophrenic
The Martians had landed
and Elvis Presley was seen alive in Chow Kit wearing a mask.

SuperPanda sorry for the bad word, human do pissed off sometimes. i will wait to collect if hit my next discount price. wish all the best.

==========================================================
if u r from construction, u r pretty good with ur temperament already. I never like working with them.
excessive !@#$%^&*((*&^%$#@!@#$%^&*(. I got lost in their vulgarity.

same to you brother.

Get a life man. Who on Earth gets two account to post rubbish?

I think i'm gonna just ignore this fella (i3lurker/spinninglotus). No valuable insight to add, write rubbish and quickly delete them to create confusion by answering to one another.

Perfect manipulator and liar. Don't be fooled.

This two gong kia came back the same time.
Very likely. There is only one gong kia with two accounts.

===========================================================

i3lurker shark macai are normally education challenged
coz shark syndicates get them cheap just to post rubbish
03/02/2020 12:06 AM

You balless - spinninglotus, U gonna delete ur comment again u lying cunning pussy.

====================================================================
spinninglotus Sozhaipant

Now you agree with me this RaiJaiBatcai is talking nonsense machine right?
It would be miracle if he can make share trading correctly based on those false knowledge
03/02/2020 12:04 AM

Really have to curse this fella non-stop for trapping me and panda.

You guys see...U know who is the sly cunning fella here la.

That coward literally deleted all his comments.

Spinninglotus pussy!...Don't leave ur balls at home. man up what you say. Don't delete after saying things.

paiseh ya Bro Panda...hehehe

spinninglotus must be having a laugh there. Cilaka. Kena trap.

Learn my lesson...when wanna call people soh@i...have to quote what they say and only call them one.

Spinninglotus soh@i!...u come back with a brain or facts la. Waste my time to educate u.

Hahahaha...

I noticed the lag. When I posted Wah pia...it's suppose to be directed for spinninglotus comment that I don't know what rubbish i'm talking about. How did this mutherf*cka remove his post. Fall straight into this gong kia trap. Post already quickly delete also got. And make it appear like the comment below is directed to you.

RJ87 "u come back with a brain or facts la. Waste my time to educate u."

Now, it appears right after ur comment. Laugh die me. I don't blame u if u r mad at me.

For the Caspian job. I don't know the details. Job completed.
Only material impact is maintaining a crew that's not utilized. Dunno sell already can save how much. Like Perdana, see how much savings from Administration Expenses.

Gearing calculation also another thing.

Impairment is non material. But it reduces NTA.
NTA down, gearing goes up. If day day change contract value based oil price. Gearing mar up down up down like oil price movement? Funny right?

Laugh die me.

Panda, u know we have disagreement here and there...But, there is a mutual respect and I don't usually speak to people in such condescending manner unless provoked.

The below isn't directed to you.

RJ87 u come back with a brain or facts la. Waste my time to educate u.
02/02/2020 10:29 PM

It don't think Armada pays USD380mil ust to get f*cked over. I don't think WEJ pays for everything either. It's somewhere in between. Details lies in Annexure D and the SA.

Learn a boat load.

I talk with FACTS. pg 13
https://ecourts.justice.wa.gov.au/eCourtsPortal/Decisions/DownloadDecision/8912903f-39c1-4d26-8c3e-6e1ea0b42e6a?unredactedVersion=False

4 April 2014 - Completion of dockyard work
31 Second, on 4 April 2014, after its dockyard conversion work was
done (explained without objection in AB's written closing submissions
to be at a cost of in the order of $US380 million), the Armada Claire
finally sailed off from the Keppel Shipyard, Singapore and towards
Australian territorial waters.

Cost of Armada Claire is USD380mil. If the charter contract is only worth USD275mil. You build for what? You build to lose USD100mil right?

Then, u refer to pg 113

4 April 2014 The Armada Claire FPSO sails from the Keppel Shipyard,
Singapore, bound for the Balnaves Field in the Carnarvon Basin
some 170 km northwest of Dampier, Western Australia.

7 April 2014 The Environment Plan is revised by Apache.

9 April 2014 Apache, AB and Sumitomo Mitsui Banking Corporation execute
the Letter of Quiet Enjoyment (the LQE).

11 April 2014 The Armada Claire arrives at the Balnaves Field.

9 August 2014 Apache issues to AB the Certificate of Ready for First Oil ('RFFO').

12 August 2014 AB issues invoice in the amount of USD$5,500,000 in relation to
Milestone B.11 pursuant to the Services Agreement.

12 August 2014 AB issues an invoice in the amount of USD$2,200,000 in relation
to Milestone K.4 claimed pursuant to the SA.

I'm not sure if Armada has pumped any oil yet. But I also don't know why Armada getting paid USD7.7Mil.

That's like U just arrive at ur customer place for pick up. Then, maybe Ur grab customer pays you to stick USD7.7 mil Rolls-Royce emblem on the car you build to make him look cool or smtg on the way to KLIA right? I don't know. =D

u come back with a brain or facts la. Waste my time to educate u.

Gong kia will have neither reasoning or logical thinking ability.

Small brain operates differently. Obviously, there is some truth in what I say la.

Then u argue on court, "my time, if not wasted on building your stupid car; I can do something else that makes money elsewhere. Now, my time is lost. U have to pay for that too".

Then the fella wants defend himself by saying "The car window doesn't work as specified. Based on the SA, i have the right to terminate the contract".

You know the rest of narrative. =D

That depends on what's the deal.

Got difference bro. If this whole world don't have car. A fella engages to you to build a car so that he can go KLIA, would u bear the cost and build a damm car just to send the fella to KLIA for a trip when when u won't even know if there will ever be anyone else to charter your car ever again? Hell no.

You will say OK, "I will build the car for you. But you will hv to bear the cost." If he still think it's worth it, then proceed if where ever he is going worth the money. Now it's like the fella got the letter that the deal can't pay for the car you are building. He calls it off. Then, you keep what's left of the built car. And u sue the fella for lost of potential profit.

Cannot equate public transport with FPSO transport. You don't see ppl chartering FPSO everyday.

Panda, u r in construction. U know construction and developer outsource piling job to Econpile. The benefits is they do not need to maintain and depreciate the piling asset. If project got cancelled, no debts problem with the idling asset.

Here's Arnada's advantages. They are paid to build the ship. They are paid for the jobs. And they get to keep the ship. Else, why do u think Yinson is valued so much. Similarly can be argued why Armada isn't? reason is Armada sui siao got two customer convenient cancel project in 2016 lo.

if u hate armada, u should hate econpile the same.

Lets hope CEO, and CFO manages to pare down the debts by selling and redeploying asset. Valuation will increase tremendously. Zoom out abit.

Like mikekim says, see the big picture. People that sees big picture won't panic.

If Fong Siling like u guys see things in such a narrow manner; day day buy high when everybody chase and day day sell low when IDSS come scare him? He won't get passed 1 year investing. All money gone cheated by IDSS liao. Wakakaka

He survived few crises liao. Now, u hv to decide where u gonna stand in 3 years and 5 years.

Similar analogy, if there is a force selling in the property market, housing price will tank.

It already started tanking in property above 1 mil. 16% dropped.

Bottomline is...Don't buy over valued stuff. If u buy liao, then don't sell low if the property has good location. Property price will grow again when GDP grows in the next 5-10 years time.

I have to admit, it's a good chance to sell ur mid tier property and collect undervalued high-tier property at the moment.

bullrun1985, people got life to live la. If I don't hv temporary mobility issues, I won't be here. I will only be here when I'm in a meeting that bores the crap out of me during weekdays. Evidently, they can live their life very well without looking at the market.

For armada, if it rebounds....I will consider to either hold/sell. Bought quite abit from the selldown for quick money. If I'm selling, I'm selling in the morning. If enough people queue sell at all the higher price. It will cap the price from going up. But that will IDSS will hv to short at lower price.

If it drops, I will collect more and hold. Then, I will go missing until July. Another straight 2 strong quarters. We will contain and establish the severity of wuhan virus by then. Price will rally again.

To prevent price from going to new low. I strongly suggest don't play contra. If u do, close ur position by 3.30pm. Price will DROP if force selling is stronger than IDSS force buying.

Panda, if I understand correctly, that's OMS vessel specially built for Lukoil project.

https://www.bumiarmada.com/Web/WebPage.aspx?p0=322&p1=322&p2=0

They just click ONE BUTTON. That's IDSS enable/disabled button. =D

But, spinninglotus will be saved too. Haahhahaha

U know what we should do OOMMGG? we should hang out.
I believe you are about my age, hardworking, curious and good time to take risk.

I will share with you my notes from TIP and Masters in Business.
Maybe we split the playlist where u listen to a few and I listen a few. We come out discuss about them.

Ray Dalio pokai in 1982 at the age of 33y.o.
He is now multi-billionaire now at 71y.o. He recovered in 30 years.

I believe many pokai too. What separates the pokai and stays pokai with those came back is ability to face the mistakes. Those who failed and still failing are those that runs away their mistake their entire life.

I will suggest you to read about 500 years history. Or read Ray Dalio's book on his vast equity market experience.

What I always make fun of TA is because they are too zoomed in. U think China is gonna live for next 3-6months is it? Zoom urself out abit.

If i3lurker is an 75 years old uncle like my dad, I will suggest him to take all his money to spend on himself. No point to grow his wealth anymore. What worth passing on if he has anything is his wisdom. It's the duty of his next generation to filter what's useful and what's not and if there is anything useful at all.

But for dudes like myself with 40-50 years more to live; heheheehe, I have more time to fool around. Yeah, I'm gambling 3-5 years of my annual income. I can afford to be wrong because I will make it back every 3-5 years. How many was a bankrupt and came back strong? As long as time on your side, do as much. Do as many mistakes that you can. Most importantly, face ur mistakes and learn. Running away from ur mistakes will prove more costly than facing them.

which two asset panda?

SHHHHHH....OOMMGG, i wanna see how spinninglotus gonna short Chinese Market and die kiao kiao...=D

He is a bad person. I shouldn't be nice to him.

OOMMGG, you can't control how market feels about anything.

Even if Armada Claire is redeployed. Even if Armada Kraken is 100% uptime and impairment reversal on 900mil. Even if they sell half of their asset to bring the gearing down to 1.

There is NOTHING you can do if the market feels armada is worth 20c just the same as if DUFU shoots all the way up to RM10.

What people do is not important. Most important thing is, what you gonna do.

The will be fear mongers that benefits IDSS from a sell down.
The will be cheer leaders that benefits from contra from a new high.

Those longterm investor who they believe what's the value of the company will share why they have invested and also why they chose not to invest. One thing for sure, they are consistent. I bet those who are not interest when it was 15sen will not be interested now. They won't come here pok pek pok pek. It's either they are interested and hoping their pok pek pok pek will bring the price down and not miss the chance this time or they are here to short.

U see how easily I debunk CIMB statement? 2017 no annual asset impairment. WHY NOW?
If CIMB still hold their 3% stake, CIMB would write "No foreseeable impairment in Q4,19 financial report just like Q4,17 report. Maybe Claire impairment will appear in Q4,2020 offset by possible impairment reversal from Kraken uptime.". I think I can be pretty good IB analyst myself.

Well, u read them. =D

"In accounting, impairment describes a permanent reduction in the value of a company's asset, typically a fixed asset or an intangible asset."

Impairment affects contract value or tangible value of Armada's asset. If u wanna reduce something from balance sheet. It has to exit somewhere from Income statement and cashflow statement. It's at impairment. Dunno our top financial guy know or not.

There are material impairment and non material impairment. When renegotiated contract reduced value, Armada have to report they lose contract asset worth. Did they actually lose any money, not really. Just lost of potential earnings. But impaired as lost.

It did went up gao gao...

Like I shared, the 30 counters that lost 20-60%...

Here's my comment. Those high volume ALOT contra and IDSS kaki...Very irrational....
contra get caught, get new low.
IDSS get caught, new high.

Don't confuse market irrationality with fundamental change. U go securemetric say sell also u win. U go TDM say sell also u win. U go Rsawit say sell also you win. U go KNM say sell also you win.

U go anywhere say sell also you win. What's ur point? U just wanna say u win only right?

okok...U win, u win....hahahahhahaa