With kraken, armada revenue is RM500 mil a quarter.

Kraken bring less revenue than India project. If Revenue from India project starts coming in, Johnchew! Armada revenue mar shoot through the roof?

Thank you for pointing that out. Get on board boys. We are in for a ride to the top. Johnchew say a lot more revenue coming!

this business, got shitty paymaster...Ask people do machine first...after doing kaw beh kaw bu...
offer "Like this la, since u already make, I pay u 50% la!" Then VIS management think think; "aiya, don't sell also pile up in the inventories like the other 12-15mil inventories also, better sell. Can la can la. Something better than nothing!".

If you ask me, walk away...write off...It's more important protect your value and margin. If you go cheap once, you will never get back up.

Opera
Edge
Chrome

That’s how lifeless this fella is....lol!

“During this current period, there were R&D Engineering machines selling at loss to a willing party which consequently resulted in the lower profit margin.”

Knew it.

Johnchew confirm got shot in his eye

Johnchew confirm got 0

Waste time blow only...gonna leave it be...

Lolollol

4pm...see if any magic hands enters....

If u going to die liao...people still borrow you money ar?

obviously, ppl confident in Armada won't die....no problem....take take take...
Scared Armada don't want borrow money. Cannot earn interest. =D

one more minute to go...

Proof proof guy dare not come liao. All he proved is he is stupid.

see...lai liao lai liao...

try to create panic sell. What they didn't notice is if support is too strong; they will get burned.

I see that u tried to tank the price by recycling bad news...

Maybe u r right. Market quickly queue in to support hoping to collect low. But no luck. Lol

not working isn't it Geco. Disappointed?
hahahha

This new wave of investors won't sell until above 40sen...now waiting to wash out stupid investor first then it will start to move...

Eh Geco, u wanna average down at what price?

See after u collect, u can shut up or not. Repeating old news like broken record is stupid le.

Sigh...

Results
Higher profit - Bumi Armada posted a net profit of RM78.2m in 2Q19 compared to a net loss of RM585.5m in 2Q18, due to impairments totalling RM478.9m, and normalised loss of RM106.6m. The higher earnings came following higher contribution from Armada Kraken FPSO Armada Olombendo FPSO.
Lower revenue – 2Q19 revenue declined 18% YoY to RM535.6m following amid flat performance by Floating Production & Operation (FPO) at RM443.6m and lower revenue from Offshore Marine Services (OMS) (-56% YoY to RM92m due to completion of the LukOil project in December 2018).
Better QoQ – Compared with the previous quarter, 2Q19 normalised net profit rose 16% QoQ on the back of a 9% QoQ revenue growth as FPO revenue climbed 4% QoQ while OMS jumped 39% QoQ as OSV fleet utilisation rate improved to 51% from 39% in 1Q19 due to higher demand in Malaysia.
Improved margins – Operating margin improved to 38% from 34% in 1Q19 while net margin increased to 15% from 13% in the previous quarter. The improvement in 2Q19 came after FPO and OMS segmental margins rose to 63% and 24% from 60% and 14% respectively in 1Q19.
Steady orderbook – Orderbook remains steady at RM18.9b (FPO: RM17.9bn, OMS: RM1bn) another RM9.9bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Earnings Outlook/Revision
Exceeded expectation – 1H19 normalised net profit of RM145.9m grew 36% YoY and achieved 72% of our full year forecast of RM201.7m while six months revenue dropped 18% YoY to RM 1.03b and achieved 38% of our FY19 forecast.
Forecasts lifted – We are raising our EPS forecast for FY19 and FY20 by 55% and 17% respectively following improved efficiency and profit margins but keeping our revenue estimates.
Valuation & Recommendation
Maintain BUY call with a higher target price of RM0.50 (from RM0.47) based on +1 SD to its 3-year average P/B. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case and judgement is expected in 4Q19.

armada already impaired last year. Now is Yinson’s turn to impair.

If Yinson drop, armada should up.

As long on paper looks good, can get more perpetual bond. Can pay more dividend summore.
Isn't that why it's trading at PE32? Awesome!

Use bond money pay first nvm. Ehehhehe

They better keep paying dividend. Else...sigh....

After the price tank...then can start collect. Just this time, these "new" customer. Profit margin quite thin. Last time can get good 20-30% margin. Now looks like the margin has drop. What u guys think?

Just a quick glance on the statement. Haven't go in details yet.

cheer76, don't waste too much time on inventories in balance sheet. It's old expired inventories thats outdate and cannot sell; that's stuck in warehouse. U see the 12-15mil inventories has been there since forever.

A more accurate inventories turnover should be increased in trade payables + increase in inventories in cash flow statement. A quick look shows increased. But from last increased; the profit margins seems decreased. I wanna see which part goes up.

When the market isn't willing to trade at lower price and buyer not buying at a higher price; buyer and seller gets into a stand off trading sideways.

Now let say, if short seller manages to short sell high price in the morning by creating false buying panic and later in the afternoon, if the support is weak. Or support volume is less then the volume IDSS short sell in the morning; they can easily short sell at lower price creating further panic selling so that they can buy back to cover their position they short sell in the morning..

That's where the concept "support" and "resistance" in form of pricing can easily trigger a panic buy and panic sell. It's a tools to manipulate the market. If there are enough stupid people; it works 10/10. What we can do as supporter is...Set a big enough buy queue at lower price; that will mitigate the consequence market manipulator.

The problem here is...IF suddenly EPF comes in at 4pm and sweep everything. Then IDSS will be washed ashore naked. Supporter will cheer a while lo. =D

Let me ask people here, how many people actually look into details of my many shares transacted in higher price or lower price?

Alright. I'm abit too serious calling u so hai. =D

Don't angry. Don't angry. Hahahaha

Whats the point talking fact if fact isn't what you are interested in. Now, u joining JohnChew with 200 shares to talk 3 talk 4. Hahahahaa

Yinson grow that time, never come here say Yinson up, Armada too. Now yinson down, armada should down. Woah, so hai betul.

Evidently, you are just the same type of sohai like John Chew and CKCA.

Eh eh Eh....when Armada price tank. Yinson got tank? Answer NOOOOOOO.

Evidently, Armada is armada. Yinson is yinson. Don't become sohai. =D

Geco, shit don't hit both fan the same time. When shit hits armada's fan. Nothing happened to Yinson also. Yinson's bubble continued to grow.

Yinson don't usually report impairment. NOWWWWWW, shit starts to hit Yinson's fan. Impairment starts to appear. If the same logics applies, it's armada's turn to grow. =P

or consolidating before heading up. So....

Yep...Break 40sen...should rally until 50 sen resistance before QR. In between waiting for good news on claire and new contract.

this rise is just simply bcos market realizing it's de-risk on it's default of it's current liability.
Imo, the actual fair value when everything confirmed will be 60-70sen.

So, u can buy when everything is confirmed and guess how good it can be later at 70 sen and hoping its so profitable that it will rise to RM1.

let them rise fast...swing trade....keep half ur portfolio for long term. The other half for cross trade.

U can Q 0.01. Just nvr match only

Good question impair non material 1.6billion on 238mil profit a quarter why?

A good answer is so that 90sen drop to 15sen.

And next question! why would anyone wants to do that? So that if it’s reversed, without needing move 1.6billion, and with 240million x 4 quarter for a year, that’s translate to Rm 2.5billion for FY2020.

Imagine what happen to YoY and QoQ improvement in FY2020. Its gonna be at triple digit growth.

And for people like AK with access to fancy financial instrument given his position; he has already made a chunk from 90-15sen by shorting. Now, he probably collect back all his shares and waiting to release all the good news.

A tip on for ur improvement; don’t just read what’s written. Do abit more; WHY IS IT WRITTEN THAT PARTICULAR WAY.

Having that said, CIMB one is most A-hole one. When sell at 22sen, they TP15 sen. When collect enough, TP40. All in short 6 months. If idiots that just read what’s written and don’t understand why it’s written...die lo!

Why u didn’t write that also?

It means they didn’t pay shit yet. Probably don’t have to.

@johnchew

Wats missing inbur statement is “Impairment has no material implication.

Should be depreciated book value minus sale price of perdana would be better representation. Using it's cost value is inaccurate. But, that depends on how management wants to report it in QR.

This CEO, probably use depreciated book value.

that's a dumb estimate. You forgot how heavy Armada claim on their depreciation? At the rate of they depreciate, most asset would be zero by 8th to 9th year. AFAIK, Armada Perdana is already FOC by now.

Yeah US shale oil. Now, their reserve reduce from 475mil to 412mil in a week. I wonder how long the world run into energy crisis and everyone starts begging armada to pump more oil. Lol!

Who gives a shit who started first...LOLOLOL

This prove Johnchew not only can't read nor count. But also he is just 5 years old up there.
I wonder fact this 5 years old can share? Lol.

Johnchew TAK1 start first..

John Chew got 200 shares in all the counters in Bursa is it?

Very diversified portfolio...=D

Woah? u ignore all the facts mikekim share?

U go up and copy and paste back. I stop making a clown out of you.

If you don’t blow what the hell u doing here?

Monkey with a pig brain can’t recognize that he is blowing. But blowing opposite direction nia.

I dont get anything. So what if volume is low?
So what if volume is big? What you get? =D

You cannot have large volume trading sideway?
You cannot have large volume tanking the price?

Which school did u graduate from? U go to technical class, they always use volume as indicator. And they ONLY use technical indicator that support their "prediction". And they give you like 20 examples to convince you its something. You go woahhhh so li hai like typical unsuspecting victim in a scam talk.

But what you didn't do is to find out, out of 100 times, how many times it's actually accurate. The answer is it's very little. The 20 that they showed you is out of the 999999 that didn't work. The odds are slightly better than buying toto la. Aduh.

What's more important is no seller. Then buyer will have no choice but to buy higher.

At this point, there are alot of 50/50 people on Armada because of the "risk".

if you scroll back to what the proof proof guy said, he is wrong 2 out of the many since he last wrote. He said, Armada won't be able to settle it's short term loan. But it was refinanced with Long Term Loan. He said Armada won't be able to secure jobs. But armada secured jobs in India.

And this Johnchew that only thing he can read is he is a sohai and respond with gibberish garbage like ye ke? ye ke? Sohai betul. Ahahaha

u know what is the only thing large volume means?

Hint: Broker is making tonnes of money. THAT IT! =D

Yinson got Zero volume. Go tell them they gonna die too. =D