Let's address the two gong kia's comment on CIMB.

1) They made no rebuttal about the FACT that Armada has already impaired RM814 in 2016 from FPSO segment and

2) Let me show evidence of CIMB is nothing more than that two gong kia.

i) Feb 21, TP30 sen after getting financing.

https://www.theedgemarkets.com/article/cimb-research-cuts-target-price-bumi-armada-30-sen

ii) Mac 04, TP15 sen after selling their stake in Armada. And u never see them issuing call warrant. (Yep, u r right. They used their stake to manipulate the price of call warrant before expiry date.)

https://www.thestar.com.my/business/business-news/2019/03/04/cimb-research-lowers-bumi-armada-tp-to-15-sen.

Steady abit. Even if it's Rat year, no need ghost ghost rat rat...Show the article mar...
https://www.thestar.com.my/business/business-news/2020/02/01/what-now-for-bumi-armada

"“There was no further disclosure beyond this, but we believe the carrying value should be lower than RM473mil now, as four years have passed since that time, ” says CIMB Research in its report.

Losing the court case will not necessarily result in a further asset impairment charge

However, the company has been looking for a buyer for the vessel or a new charter for the vessel since 2QFY16, the research firm points out.

That’s been unsuccessful.

If the company cannot find a buyer or a new charterer for the vessel, the auditors will require an annual impairment testing, says CIMB Research.

“So it is still possible that the vessel will be impaired again during the 4QFY19 results announcement, which should be released by the end of February, ” it writes." ~CIMB


Hero's Response
1) If the impairment appears at all. Likely, in may for Jan-Mac,20 report.
Financial report from Oct - Dec,19 do not include potential expenses from 2020. I think only thing about Armada Claire is the appeal, announcement of sale or redeployment. Only good news liao.

2) Second, CIMB claims that there should be an annual impairment. Contract terminated in 2016. RM814 mil impaired Eh, how come there is no such impairment in 2017?


Excerpts from Q4,2016 report
The recoverable amount for these vessels of which an impairment charge was made during the financial year 2016 was RM1,988.8 million, comprising RM814.3 million in the FPSO segment and RM1,174.5 million in the OMS segment.

The exact impairment was RM814.36mil. The contract value is worth RM1.46bil (Charter rate + conversion work). Armada filed USD275mil/ RM1.14bil on loss of revenue and USD7.7Mil work done. Contract value RM1.46Bil - RM1.14bil lost of revenue = RM320mil conversion work. Safe to say, Armada already collected RM320mil for the ship. If Armada impair RM814mil in 2016, maybe there is additional RM326mil worth of loss of revenue to be impaired. Anyway, that RM320mil is already paid by WEJ. I gotta admit. I don't get what it means by impairment or depreciation. Can u lose money that you haven't make yet? I don't know. Maybe sifu here can explain.

Armada depreciates 400mil a year. In no time, Armada Claire becomes FOC. No need impair. The Indian just say "take it. Just take it and go away."....Hahahahha.

"However, the company has been looking for a buyer for the vessel or a new charter for the vessel since 2QFY16, the research firm points out.

That’s been unsuccessful." ~ CIMB

Hero's Response

Ofcos cannot get contract yet. Especially when u r filing RM1.46 Bil on money you haven't make.
If u got new tenant, the judge will say...Neh, u found new customer already. Still wanna collect RM1.46Bil from previous customer ar? Let me tell u, if Balnaves actually got oil, they won't give a shit if the auxiliary pump works or not. In fact, Armada Claire already contributing to Armada's income. Just the well is filled with more water than oil. Conveniently, WEJ mar use the pump problem to screw Armada over lo. For a fact

TL;DR
2016, Impaired RM814mil.
2017, there were no impairment on Q4,2017. No basis to CIMB "auditors annual impairment claims".
2020, Woodside pays Armada of the remaining invoice for the contracted work. Total, Armada collected RM300mil for the conversion work which Armada can deploy else where.

U guys honestly think that spinninglotus, i3lurker, and etc etc stay on the side? Don't be naive.

Be wary of new faces that appears during price drop. They only appear when downtrend and they they feed on ur fear.and make money from your fear. It's important for you not to be fearful.

Last thing I want anyone to do is buy with contra at high from these IDSS seller and force sell at low.

If you believe EPS 6sen at PE 8 for 48sen, EPS 6sen at PE 10 for 60sen or EPS 6sen at PE12 for 72sen; If you believe value has emerged and reward outweigh the risk, choose ur entry price, be it 35sen, 30sen or 25sen. Buy and keep.

And for some situation that you have to sell. Remember! Sell in the morning. Compete with IDSS.
At least in the evening, u r not forced to sell low and benefit IDSS in the evening.

That's my comment. I'm expecting a barrage of bullsh*t to make sure people don't read this.

This is a neutral comment. It's not a buy call, it's not a sell call. It's an ANTI-IDSS call. =D

Only one thing to say...IDSS are afraid price rebound as much as contra are afraid price coming down.

U see, there were few contra players earlier. But as price drops. They left.
It's the same as IDSS players wayyyyy earlier. As the price rises, they left. (pearlwhite, nckm, superbull, johnchew and few fellas).

But what you noticed...it's only the few same faces that's still around.

Spinninglotus, what’s the jackpot prediction?

Yeah yeah...All u can do is short spinninglotus. Don't short the wrong counter.

Likely, financial state agency might inject funds to cushion the panic. But, we will see.

Feel free to point out what is it that I got factually wrong.

U wanna know more fancy move? 1 account sacrificed for massive selldown when volume is low. Other accounts stands by to collect. There will be more seller than buy in a panic. Not easy for Bursa to prove prosecute rascal like these. Most mar jemput go yamcha. Get free teh tarik.

You know what I'm talking about or not?

I don't think there is ANYTHING FACTUALLY WRONG to tell people that Contra Players are detrimental to closing price if they are forced to sell at few minutes before trading ends.

I don't think there is ANYTHING FACTUALLY WRONG to tell people that Margin Calls will temporary misplace the price and it's good time to collect.

This sentence "Moral police" also come out.

Basically, u r saying it's better people know less about how market works so that "some people" can make money right?

I don't think there is ANYTHING FACTUALLY WRONG to tell people that IDSS need people to buy from them high and sell back to them lower.

Sigh...put ur hands for those looking to invest in FD and currently holding FD...

How do u find the "FD investment package" after BNM reduce OPR by 25 basis points?
Like shit right?

I never recommend anything ever above PE10. Cypark is at PE8. Mahsing at PE6. HIL Ind at PE8, AWC at PE8. At current price, Armada is trading at PE4.73 if FYE19 annualised EPS 7.5. What's so overvalue about Armada's EPS 7.5sen at PE10 valuing at 75sen? Conservative FYE EPS 6sen at PE 10 for 60sen. with YoY PAT and Margin improvement. What? Fundamentally okay one. Infact, by PE13, I sell everything already. Just because it "looks" far doesn't mean it's overvalued.

Dufu when I die die say cheap that time was RM1.2. When it dropped to 90sen, I say cheaper. U guys say dufu is tofu will never go up. Now market cap went up 10 times liao. Still got people buy. But these two gong kia never go over say dufu overvalued. Why? (I suspect is DUFU cannot short)

Soon people with cash will find something to buy. Most attractive stuff of buy is always something that's undervalue. Undervalue means PTBV less than 1 (armada0.68),the lower the more attractive it is. Improving YoY EBITDA margin (Armada operating at 50% EBITDA margin). Those with cash and huge margin facilities will buy stuff slowly. By the time panic is over, they happily sell bits by bits for people to chase high.and the cycle repeats.

Just remember, when there is a seller, there is a buyer. When BN lost the election; nobody wants to buy GKENT. It dropped from RM4.5 to RM 1 in few days. Plenty of seller. No buyers. That's what happens when u invest in BN contract dependent company with no ability to make money themselves.

I can see what these to gong kia trying to do....trying to mislead new comer to make their IDSS plan work...When u see MACD starts to change tide; they will go missing. They are riding on bearish moment to make money from IDSS. Else, try comeback with data to support ur claims.

I'm gonna just read, know what you buy. Here's are the FACT.
At current price, Armada is trading at PE4.73 if FYE19 annualised EPS 7.5. Armada already have EPS6 as of Q3,19. Even if there is some impairment making Q4,19 EPS 0. Annualised EPS 6sen gives Armada PE5.9. If 5.9 is expensive; what is cheap? It's cheaper than dayang, it's cheaper than carimin, it's cheaper than penergy, it's cheaper than uzma. And it's 5 times cheaper than Yinson. These are FACT.

Along the way I know there are people reading trying to learn. I'm sharing data and interpretation of data. How contra makes money. How IDSS makes money. And how I think it's the right way to make money in equity market. That's a sharing for another day.

Hint IDSS is exposing their insecurities. I tell u what. IDSS are as afraid price going up like how contra is afraid price coming down. Best is don't do either of that and u can sleep well as long you know what you are buying.

I gave a list or 30 counters with 20-60% loses.

Now, it's PROVEN that armada isn't the only one. And ur crystal ball isn't that great. U get angry with me is it?

U think goreng can only goreng one way only isit? Cannot goreng down one la? STUPID.
U r not happy with me spoiling IDSS goreng down plan is it? hahahaha

Look at your English also know who is the kong kam. I won't be surprise if you read of right to left.
In English, you need to read from left to right ok?

Better join pak tua...always play with own style...tut tut...

Never scared to fight....Audaces Fortuna Iuvat

Go google that. Tut tut...no mood speak English. Tut tut.

Damm...I don't know what eye is that. What is what also dunno.

One dunno how to differentiate "possible ground of appeal" with "Illegal to appeal".
The other one dunno which is the chimpanzee.

U guys read financial statement using google translate is it?

Like this la...let's go bai ti gong ok? Everybody heng ar, ong ar, huat ar....

those didn't buy and dodge the bullet, heng ar....
those who manage to cut loss earlier and bought cheaper now, ong ar...
those who collect and keep and make money later, maybe huat ar...

If like this u also got problem, u r just a bad person...talk what also no use...u just don't like to see anybody make money...bcos have no money to buy shit right? only way is to short. That's why I don't like IDSS...And you are exploiting speculator vulnerability and insecurities.

I can give u a list of troubled counters to short too if you want. I can tell you business in long term will drop is easier to find than a counter that will go up in the long run. At least, I make money from increase productivity and prosperity. IDSS make money exploiting people's vulnerability and insecurities. KNOW WHO IS THE BAD PERSON.

P.S. people like mikekim, mabel, paktua, MM78, itch. Chillax nia.

Macib@i this i3lurker and spinninglotus.

I share reasoning. U got problem. Say I bully people with my England.
I share data. U got problem also. Say data liar. (Tomei and Poh Kong did lost 20% from it's high from the assassination. And the other that "benefit" from Wuhan also drop 20%. These are facts. Why? I don't know. I won't go over and say there is a USD100mil impairment)

if u go whole 30 counters tell people about wuhan virus, 2 weeks ago; I still ok. Die die want come here pok pek pok pek say Armada won't rebound...and "trying" to save people...More like riding on people's plight to pretend you have crystal ball.

I give u list of 30 counters already. Please go over la. U hv 30 counters to make urself feel like you have a crystal ball. Faster go over.

Let me share another thing...u buy bcos sentiment in favor of wuhan virus. Then, u lost also about 20% past 2 days. Ruberex, Comfort Gloves, Adventa, Careplus all dropped by 20%... hahahahha

And if u buy Tomei and Poh Kong when US assasinate the Iranian General. You lost 20% too.

And if u bought Icon and still holding....God bless you....

Do u think i'm gonna run around saying something is "very wrong" fundamentally. I will not make comment on price movement. However, I will say something on people cooking baseless shit.

12 months ago, everybody pay attention to nckm, pearlwhite and Johnchew. I won't be surprised the same will happen again 12 months later. If u can't stand the volatility, please cutloss and comeback when things settles. Those no confident, don't contra and enter. I would rather no volume than contra force selling at 4.45pm. Bcos, that's the opposite of 4.15pm IDSS force buying.

Like always...Audaces Fortuna Iuvat...
Have a nice weekend.

What I have shared is are just data. It's better we discuss based on data instead of what you think or what I think.

If u wanna find something to talk about; Bring in data and we discuss. Keep the baseless "you think" and "I think" bullsh*t somewhere else.

Nope. "insider news" doesn't worth shit.

Cos, do u think Berkshire Hathaway bought Heinz because of "insider news"?
They invest Heinz it makes business sense. So please la, anybody tells u "insider news". U better run far far away.

i3lurker, based on ur historical comment, u r at best a remiser that runs errand for the banks/research house you work for.

I lose more money from "insider news" from my remiser more than my own analysis

U know why I don't take spinninglotus seriously? I stopped at reading "Illegal for Armada to appeal".

I wrote more than 10%, but dunno why spinning lotus mata juling to read armada dropped 10% only and went she-hulk at me. Bodoh betul. U wanna rely on people that read things like that? Seriously!

And the list I share was armada lost 29%. Despite 29%, Topped chart was securemetric and 5 other companies at around 30% lost. The whole list are THIRTY counters that lost about 20%.

and if you see Brightpac in detail, price went up from 20sen to 50 and hover around 35-40sen before quarter report despite the wuhan sentiment. Some donkey will say insider buying. Must be good QR.

Untilllllll....opps...a bad quarter report released. Price crashed to 25.5sen

CompanyName Company Value_Latest Value_Previous Percent_Change
__________________ _______ ____________ ______________ ______________

'SECUREMETRIC' 'SECU' 0.21 0.53 -60.377
'MAL GENOMICS RES' 'MGRC' 0.23 0.4 -42.5
'PARLO BERHAD' 'PARL' 0.11 0.16 -31.25
'TDM BERHAD' 'TDMS' 0.25 0.36 -30.556
'BRIGHT PAC IND.' 'BPAC' 0.26 0.37 -29.73
'BUMI ARMADA' 'BUAB' 0.36 0.51 -29.412
'GETS GLOBAL BHD' 'GETS' 0.12 0.17 -29.412
'RIMBUNAN SAWIT' 'RIMB' 0.28 0.39 -28.205
'MUHIBBAH ENGINE' 'MUHI' 1.7 2.36 -27.966
'SEACERA GRP BHD' 'SCER' 0.25 0.34 -26.471
'TH PLANTATIONS' 'THPB' 0.43 0.58 -25.862
'INT'G LOGISTICS' 'ILBM' 0.29 0.39 -25.641
'JAYA TIASA HLDGS' 'JTIA' 0.73 0.98 -25.51
'KNM GROUP BHD' 'KNMP' 0.26 0.34 -23.529
'PASDEC HOLDINGS' 'PDEC' 0.27 0.35 -22.857
'TSH RESOURCES' 'TSHR' 1.19 1.54 -22.727
'HARN LEN CORP' 'HLEN' 0.45 0.58 -22.414
'MEDIA PRIMA BHD' 'MPRM' 0.21 0.27 -22.222
'BRITISH AME TOBA' 'BATO' 11.78 15 -21.467
'MALAYSIA MARINE' 'MHEB' 0.7 0.89 -21.348
'ALAM MARITIM RES' 'ALMT' 0.15 0.19 -21.053
'KARYON INDUSTRIE' 'KARY' 0.15 0.19 -21.053
'DESTINI BHD' 'DEST' 0.19 0.24 -20.833
'CARIMIN PETR-O' 'CARM' 0.99 1.25 -20.8
'GFM SERVICES' 'GFMS' 0.23 0.29 -20.69
'MYCRON STEEL BHD' 'MYCS' 0.32 0.4 -20
'ASTRAL ASIA BHD' 'AASB' 0.12 0.15 -20
'HOCK HENG STONE' 'HOCK' 0.56 0.7 -20
'MESB BHD' 'MESB' 0.28 0.35 -20

And for those lose more than 10% this month got 126 counters in total.

That means you have 12% chance to lose 10%

Spinninglotus is saying all these counters got insider news right? All these counter got USD100mil impairment right?

That's how clever these spinninglotus and i3lurker are in creating fear. Lai, go to all these counter say got insider trading la. Go go go....

P.S. I have very good reason to call people soh@i.
P.P.S I have yet to write script to filter % drop from 52wks high. So company that up 950% in 2 days and drop 80% in another 2days like Icon is excluded.

Do PM me if interested to hang out and figure out valuable metrics on identifying good business.

There are total of 126 Counters that lost more than 10% since early Jan.

CompanyName Company Value_Latest Value_Previous Percent_Change
__________________ _______ ____________ ______________ ______________

'SECUREMETRIC' 'SECU' 0.21 0.53 -60.377
'MAL GENOMICS RES' 'MGRC' 0.23 0.4 -42.5
'PARLO BERHAD' 'PARL' 0.11 0.16 -31.25
'TDM BERHAD' 'TDMS' 0.25 0.36 -30.556
'BRIGHT PAC IND.' 'BPAC' 0.26 0.37 -29.73
'BUMI ARMADA' 'BUAB' 0.36 0.51 -29.412
'GETS GLOBAL BHD' 'GETS' 0.12 0.17 -29.412
'RIMBUNAN SAWIT' 'RIMB' 0.28 0.39 -28.205
'MUHIBBAH ENGINE' 'MUHI' 1.7 2.36 -27.966
'SEACERA GRP BHD' 'SCER' 0.25 0.34 -26.471
'TH PLANTATIONS' 'THPB' 0.43 0.58 -25.862
'INT'G LOGISTICS' 'ILBM' 0.29 0.39 -25.641
'JAYA TIASA HLDGS' 'JTIA' 0.73 0.98 -25.51
'KNM GROUP BHD' 'KNMP' 0.26 0.34 -23.529
'PASDEC HOLDINGS' 'PDEC' 0.27 0.35 -22.857
'TSH RESOURCES' 'TSHR' 1.19 1.54 -22.727
'HARN LEN CORP' 'HLEN' 0.45 0.58 -22.414
'MEDIA PRIMA BHD' 'MPRM' 0.21 0.27 -22.222
'BRITISH AME TOBA' 'BATO' 11.78 15 -21.467
'MALAYSIA MARINE' 'MHEB' 0.7 0.89 -21.348
'ALAM MARITIM RES' 'ALMT' 0.15 0.19 -21.053
'KARYON INDUSTRIE' 'KARY' 0.15 0.19 -21.053
'DESTINI BHD' 'DEST' 0.19 0.24 -20.833
'CARIMIN PETR-O' 'CARM' 0.99 1.25 -20.8
'GFM SERVICES' 'GFMS' 0.23 0.29 -20.69
'MYCRON STEEL BHD' 'MYCS' 0.32 0.4 -20
'ASTRAL ASIA BHD' 'AASB' 0.12 0.15 -20
'HOCK HENG STONE' 'HOCK' 0.56 0.7 -20
'MESB BHD' 'MESB' 0.28 0.35 -20

I think current Market Correction affects Mabel quite abit.

Total Market Cap wiped off from 17 Jan high is RM62Bil. If you hold any high volume counters, or any counters that has appreciated significantly since last year won't be saved from this market correction...

It's up to you to make ur investment plan based on market sentiment or objectively based on Quarter Reports.

Why so stupid one some people. It's terminated in 2016. You wanna terminate how many time?
It's like you die already can die again.

You worry Olembendo and Kraken. 2014, Olembendo in poor oil price contributes revenue. Why now only wanna terminate when price is whole lot better now? Kraken started contributing in 2019, whole Enquest dependent on Kraken's contribution. Enquest drops 17% from it's peak. Armada dropped 36% from it's peak.

Actually, Enquest also very attractive at PE3.

Look at who is the fella doing the speculation.

When price goes up, good news. Insider starts buying and shit.
When sentiments turns bad, day in day out say insider starts selling because bad news.

When turns good back, oh...*you put whatever story you like...

So, u making investment or playing blackjack here?

not yet....load up ur bullet and wait.

I think if u fire the Sapura BOD and hire new one with 25% discount, u can save RM100mil alone.

That's the IF sapura is praying. Sapura got jobs. RM2Bil revenue a quarter. It's just it cost Sapura RM1 to make RM1. What makes Sapura 100-400mil loss a quarter is paying a bunch of useless BOD. Who is paying them? Stupid spinninglotus lo.

Well, there are times people like pearlwhite, johnchew, nckm, spinninglotus are clever. And there are times people like Mabel, RJ, Mikekim are clever. Sandwich in between are people that cut win and cutloss. In just the nature of the market.

I don't know when Armada is gonna stop dropping like how I don't know when Dufu is gonna stop going up. But, buying a good business is always gonna beat buying a bad business. Bad business is operating margin and EBITDA is forever negative with no sign of improvement. E.g Sapura almost 2Bil in revenue also cannot make profit. I can't imagine if Sapura don't have Petronas as god father. The plus side is, u buy now. It can't drop any lower liao.

I can easily debunk your "fact" how come it's so difficult for you to do the same? All u can make a comeback is "delete" you stupid claim on how it's ILLEGAL or Armada appeal the court decision.

Now, another unverified claim that Armada has another USD100mil left to impaired despite I showed you Armada has already impaired RM800mil in 2016 and another RM1.8bil in 2018.

I stayed away from Armada in 2018. I said clearly, I don't like how Leon Harland does things. No Kraken acceptance, means there must be compensation somewhere. That time, I was arguing against Mikekim. But when Kraken got accepted, and loan are refinanced, EBITDA margin drastically improved with new CEO, I see value there and started collecting.

I have showed more evidence of your lies than you showing any evidence of my naivety.
Fundamentals, has not changed. 15% PAT margin is still good profit margin. It's not likely gonna drop bcos of NConV.

https://sites.google.com/view/armada-3yr-financial-summary/home

Be objective. Armada despite idling Armada Claire is operating at 15% PAT margin. Margin will improve further if Armada Claire is redeployed and utilization of OMS increases. This is IF is better than any other IF in the market. Else, pick one and we see who is the naive one.

Gooshen, dunno if u still hold VIS. Vis corrected 16sen in a week.

I will join the boat there around May...It's a pretty good company fundamentally. It's just abit cyclical. Never hold past Q4.

Mar share the email here to do something useful....else, it's more like you trying to scare the market by creating something false.

My statement is extracted from Quarter Report. Your statement is based on what?

So, who is the one naive? who is the one deceitful?

Inb4, I won't be surprised if you go cook and email up given a deceitful person u are.

If it's all from Armada Claire in 2016, then there is no basis to spinninglotus "analysis".

It's already shit. spinninglotus is saying, can shit the same shit again.

Total Impairment 2018 from FPSO = RM1613Mil, mostly from Armada Kraken. It's stated there.
Total Impairment 2016 from FPSO = RM814.3Mil, is that all from Armada Claire?

30 Dec 2016
The Group has reviewed the carrying value of some vessels during the financial year 2016 and has made an impairment charge of RM1,738.0 million for certain FPSO and OMS vessels. The recoverable amount for these vessels of which an impairment charge was made during the financial year 2016 was RM1,988.8 million, comprising RM814.3 million in the FPSO segment and RM1,174.5 million in the OMS segment.

30 Dec 2018
Based on the assessment, an impairment charge of RM2,199.7 million for property, plant and equipment has been recognised during the year, of which RM1,613.2 million and RM586.5 million was charged for the Armada Kraken FPSO and certain OSV vessels

Anyway, mikekim, do u mind getting Jonathan to clarify if Armada Claire was fully impaired in 2016.

Cos in 2018, at least the report states clear how much was impaired from Armada Kraken. But it's not clear on Armada Claire impairment on 2016.

will be 2.2mil shares by wk3.

Bullrun, 1.7mil shares.

vis not recommended...not yet...

Wait 2-3weeks after Q1 profit taking. They normally reports weaker Q1 every year.
After that, can start to collect before selling 2-3weeks after Q4.

last 2 months movement is like 2017 unusual movement.

Spinninglotus is like pearlwhite when armada drop to 15sen...that time, the so called “fact” was armada should be 10sen...

These two likely the same person...

Beside, who say I only play long?

Bullrun, now abit paper lost on my re entry above 45sen after selling 53sen- 55sen.

What I’m doing now is averaging down. We shall see if my method works 6 months down the road.

This wuhan virus delayed TP 75sen and creates a rare opportunity to buy low. To be honest, I’m hoping for it to drop below 35sen.

Like I say, rewards of making 20sen from 55sen to 75sen is not as attractive as making 40 sen from 35sen to 75sen. For people like me, I don’t care when it’s gonna get to 75sen as long it will. PE 12 on annualised EPS 6 sen band PE10 on annualised EPS 7.5sen. Either way will be above 70sen.

yakaa..
can how about Saturday..
klcc bum..?
10.30am?

tut tut
love make friends
30/01/2020 11:26 PM

==========================
Aiya, saturday got physio appointment at 10am. Can do lunch?

That time 16sen. Don't even know if can get refinancing or not. Will Kraken get acceptance still a question mark. Now everything written black and white. U still want 20sen-30sen price ar?

if u want small number. Can go see ALAM. 10sen -15.5sen just up 5sen nia. Not alot. Can go buy.

How u know if 40sen now is too expensive?

As long as Revenue increasing, PAT increasing, Margin increasing. Never too late to buy. NEVER SELL UNTIL IT RUNS OUT OF JUICE.

See Penta, Frontken, DUFU, VIS. Doesn't look like will ever appear overprice. Keep going up one. Feel like a big sorzai selling too early.

apollang, that the logic that stopped me from buying Penta. 2016 when I started investing. I like Penta because I know how the boss behave. Very pia one.

But because the stupid mentality 50sen didnt buy. Why buy at RM1. If I bought at RM1 I would hv made 7 fold by now.

https://sites.google.com/view/armada-3yr-financial-summary/home

I give u guys raw data compiled so that u no need flip the financial statement for 12 quarters. U know why I sailang in Mac? New CEO take over, although revenue drop but margin immediately improved. Performance maintained for straight 3 quarters. With FPSO Perdana disposal; margin will further improved.

SEE THE MARGIN! This Gary guy know how to do business.

u better scroll back during the plunge. 30sen I buy, 25sen I buy. 20sen I buy, 17.5sen I also buy.

I say cannot more die than this liao. Cos, cashflow is strong. Even if got debt problem, bank will be more than happy to help. That time the orderbook was 25bil. Who doesn't want to get a piece of interest from RM25Bil. Bank sure refinance.

https://www.theedgemarkets.com/article/demand-fpso-expected-be-exceptionally-strong-year

if this is true, then orderbook will only get stronger. Only remaining question is who are the operators with good margin....

Eh paktua73, when free for breakfast? I'm in town.

Now, i'm looking at Cypark also. They loaned RM400mil. Will have to watch closely what do they invest in with the 400mil. Sound like a big acquisition that think they can monetize.

See Q4,20 on their cashflow statement, what they buy and what kinda money they make.

Anyway, all the stuff that I say cheap to buy....it takes 1-2years to materialize.

U can go see my comment on frontken 2 years ago on their new investment.
U can go see my comment on DUFU 2 years ago on their prospect in value chain for HDD manufacturer.
Most recently, Visdynamic! Pang can testify how hardcore I like VIS. I closed my position there in Mac,19 and sailang in Armada. If I kept my position there. Can close book celebrate x'mas in Jan.

Who knows I can close my book in Armada by May this year. ehehhehe