is that admission to that you are a kong kam by posting outdated news?

If I have to point out that you are one, then to be fair to you, I have to point out accurately. Hence, the long essay.

And you can just say you dont like the business and stay the F* out. Why write so many useless post?

I didn't say don't share. I'm saying don't be a kong kam!

"More worst armada bussiness is spread over 10 asian countries.." - This is how a kong kam writes. Why is it even a bad thing? Stupid.

Why is it not written..."Trade war between US and China...Armada business is diverse with presence over 10 asian countries. Prospect to be the leading service provider in the region".

Bits and pieces of news that u recycled only tells that you don't know how to read the dates. And TOTALLY OUTDATED. Private placement, RI or cash call was a speculation by research house prior to Q1,19. Q1,19 already confirmed bulk of the short term loan refinanced into long term as reported in QR Q1,19. Now, it has confirmed that its not going to happen.

You can scroll back quite a lot of concerns in the past was addressed and irrelevant. What's ur intention of recycling irrelevant outdated news? Why? It only reflect you are either IGNORANT or with bad intention. I believe in the good in people. So, I believe that you are just IGNORANT than ill intended.

So, go see how mikekim do his analysis. Very fair guy. Where management should take action and where they don't do enough. What number is good. What number is bad. When it will turn for the better or the worse. Most importantly, he knows how to read dates and share latest info. That's useful!

Exciting news to look out for...be it good or bad is if Kraken final acceptance to convert short term loan to long term. And outcome of the US285mil claims from Woodside in Oct,19.

Eh Moneykj1, not happy when ur kaki all come to armada from velesto and uzma is it?

ask velesto and uzma BOD report good quarter...Then ppl will go back...
Come here talk 3 talk 4 for what?

What's missing in his comment is....the price tanked from 0.65-0.15 in Oct-Dec,18, wiping 77% of it's market cap. Was that reasonable?

The price drop was unreasonable. Not so much about if it's increased 200-300% from 15sen. Re-rating back to 30-40sen is just being fair to Armada.

AlvinTSK, haven't buy then just buy la. No need talk 3 talk 4 to save half sen.

that depends on if it's good QR high or it's bright prospect ahead...
It will creep bearishly if it's just good QR.

But it's gonna go a long way if it's bright prospect ahead and profits keep running and running and running, quarter after quarter!

P.S. The proof proof guy will only just keep proving himself wrong again and again and again. =D

Market will re rate once the market fully digest the report

Listen to mikekim

Way too early to take profit

RM143 mil profit...

We are here to exchange facts and make useful discussion...

You these 5 yrs old Kong kam better shut up and go get a life...this is not doing anyone any good...

Penny stock attracts idiots...*shakehead

U guys think shark nvr get burn is it?
What makes u think anybody else knows anything more than you do? What’s more anything about the future?

The golden boy is the good example. If u claim u knew that he is gonna win and DJIA gonna shoot from 18k to 26k; go ahead be the fool living in your fools paradise if that makes u happy.

Confirm Friday liao...If u haven’t realise that’s the only thing that BA management do best... which is NOT managing market sentiment...

Zendrya2, u r quite loaded...just a month...

Many here will be need 2-3 years

I think...IK jumped off the roof and suicided... sold millions of shares at 0.2. Now, 0.05 X millions of shares...i think he can kill himself already over what? RM100K? For "big" investor, should be chicken feed la.

Someone should tell him, make less RM100K is ok. Still got chance to make his RM100K when armada goes to 30sen ma....why so stubborn?

imagine AK buy 1B at 22sen, reverse all impairment...drive the price to 66sen. Fuh....1B become 3B in a year.

Electricity that time from the sun...and when it’s raining, everyone hv to go push their car. And 2026, there will be no more fat people.

Damm...there are 2 kong kam contesting on who is the bigger kong kam...

Stockraider is right...a lot of losses aren’t monetary losses but accounting losses. A lot of the accounting losses aren’t not need to report also report. Purposely batter the price. Dunno how low they will bring it down before bringing it back up.

This is a counter with high risk, high return...trade wisely....

I wonder why nobody ever ask, “pang72, hv a look...”. Right, he is not only a liar but with no substance.

I shall review without prejudice. I will let guys know after I study on the recent QR.

see if the "key order" materialize...I will jump back in

Stop spamming already la InvestorKing. What's the purpose doing that?

Better use ur energy to wash toilet la if you are anxious about your investment. At least, the toilet gets cleaned.

IB writes for their own benefit.

For every story they tell, ask yourself the reason why the story is told and what else they are not telling.

Anyway, most of us does too. Except, macam talk cock sing song here will move the price.

The proof proof fella couldn’t accept that he is wrong and came back with more rubbish.

Two proof that proof proof fella is wrong.

1) securing refinancing. He was so sure no banks will help BA and he is wrong.
2) securing contract via JV. He was so sure that BA won’t hv job and he is wrong.

Here’s what we can do. He listed like 15 proof and we can start jotting how many that he is wrong.

By the time we checked the 15th item, maybe he should bury himself 15th under together with his lousy business analysis.

I dont know what else does the news proved. But it did PROVED the the proof proof fella wrong. Very WRONG.

What u mean by fundamental intact?

Check changes in inventories. Check Q3 and see Q4. Check Q4 and u know how’s Q1 gonna be.

I only collect after changes in fundamental.

Kita sama put huge buy queue at 0.215. To 0.22 to if the volume is huge enough, at least we can deter sharks to manipulate.

There are no investors here...mostly manipulators.

IK, so u worried for IDSS selling cheap shares to sharks? Gimme a break man.

U don’t like the price now.

Really stupid counter. Should hv sticked to my plans to sell and buy back.

Looks like it will slowly drop back to 0.2 despite fundamental has changed.

i think people that sell that buy at every retracement

Fund sure buyback...Risk no more mar....

See tmr CIMB analyst will TP back 70sen or not...

@emil, it means they can loan to take new project.

50sen in next 2QR okla. Reporting impairment is normal as long cash from operating continue to be positive.

Meaning they focus on core profitable business instead of paying to non-profitable asset.

Operating cash is increasing.

let's see what happens at 2.30pm...

Kuala Lumpur, 24 April 2019 - Malaysia-based international offshore energy
facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the
Group”) today announced the signing of documentation related to its corporate
debt refinancing.
The Group has refinanced its unsecured term loans of USD380 million
(approximately RM1,569 million) and revolving credit facilities of USD280
million (approximately RM1,156 million) into a single facility (“Facility
Agreement”) consisting of Tranche 1 facility of USD260 million (approximately
RM1,074 million), and Tranche 2 facility of USD400 million (approximately
RM1,651 million) (collectively the “Loans”). The Loans will be repayable over
two and five years respectively, from the closing date of the Facility Agreement.
The closing of the Facility Agreement is subject to the satisfaction of certain
conditions precedent which are procedural in nature.
Commenting on the refinancing, Mr. Leon Harland, Executive Director and
Chief Executive Officer of Bumi Armada said, “The refinancing of the short-term
corporate debt alleviates one of the Group’s main current exposures.
The new facility better aligns the corporate debt profile with the cash flow profile
of the Group’s main FPO business.
The Group must now focus on maximising its revenue while continuing to
manage its operational costs, as well as to find additional value via asset
monetisation or other structural improvements. As part of this, the OMS assets
together with certain FPO vessels which are idle will be disposed of assuming
commercially acceptable sale terms can be obtained. Surplus funds from
operations and part of the proceeds from certain strategic initiatives including
monetisation of assets and new project financing will be used to repay the
Loans.”

I nvr hear people who has money need to borrow money. I only know people with no money need to borrow money.

Unclelim can add very very...very everyday.
CT888 can ar really really...really everyday.

See how long the very and really ends up. =D

InvestorKing, how deep are you in this?

It's quite dumb to blame everything on manipulation. Manipulation can go 2 ways. One to your benefit by goreng it up to RM1 or like now, press it down to 0.20.

Key driver would be changes in BA's fundamental. When fundamentals has changed, there is NOTHING manipulators can do but to realize BA's value.

Try report EPS 5 sen and see. Manipulator can't do shit and you shall reap ur rewards.

Now, go research if impairment reversal is possible or when EPS 5 sen will materialize. That's more useful than pointing fingers at manipulator.

Uncle, ur stay tuned wanna last how long?

Until sun rise from the West is it?

Need more concrete result. Don’t know is this new CEO doing.

Or desperate move to move the price up abit to RI at better price?

Very useless statement. Cos, a person can very successful in believing Armada won't do very well. And he saved tonnes of money by staying aside. Alot here is more like, 看到都不相信. In your words, 失败人. Kitchen sink like shit and still buy? Then the 相信所以看到, can go both way. Believe that it will plunge further after not able to secure refinancing. Or believe that it will be restructured and price will recover. Both TP10 and TP30 can be very real and anyone can either be very 成功 or 失败. Is there any point you are making? =D

人有三种：
1. 成功人：相信所以看到
2. 普通人：看到才相信
3. 失败人：看到都不相信

by right, this plan is suppose to encourage management to bring BA to higher price. You know, exercise at 75 sen. current price then 85 sen. And push all the way to RM1.

But, didn't know the market wound tank the price so bad after kitchen sinking. ahahhaha
Now management might as well buy from the market if they are confident about the prospect. Lol

BA won't pay. BA allows it's management to purchase at cheaper price. Something like ESOS.

I thought they need to buy at 0.7543 which was 10% discount when BA was trading at 0.84 when it was proposed.

I don't know what I'm reading. Management Incentive Plan. Management buys at 0.7543 sen?


BUMI ARMADA BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities: No
Types of corporate proposal: Others
Details of corporate proposal: Management Incentive Plan
No. of shares issued under this corporate proposal: 2,736,867
Issue price per share ($$): Malaysian Ringgit (MYR) 0.7543

IK, ur shorties is either the minority of the transaction or exist in ur dream.