When oil price above USD100, alot of whatever other business gonna suffer.

You hide which corner also die. Ur teh tarik increase from RM2.00 to RM2.50. Apparently, sugar price increase because delivery lorry charge more. Else, why the hell do you think Trump's grumbling?

Well, when the profit from USD100 per barrel starts to trickle down...Then u know which sector owns 2019.

superbull11, all ur construction and property will go down the drain. Project cancellation and reduced GDP. Gov no money, people no money. Who the hell is gonna buy anything there?

It's OnG upcycle end of 2018 and shoot the sky throughout 2019 riding on Iran sanction and Saudi reducing output because they are running out of oil.

bring up after selling? That's weird. How much holdings do they still hv?

same here...other sector don't look attractive to me...maybe I will look into construction and property 2-3 years later

Expansion of IOT = increase in demand of microchip = increase demand of microchip production machine = increase demand of microchip inspection machine = increase in order for VIS product which is inspection machine.

I guess that’s the closest picture

Venfx, all the counters you mentioned are exactly like armada in its prime once upon a time. See where armada now, I don't think I wanna touch them.

Panda, are you saying biz value is intangible with management team?

I can agree biz value is intangible with market value. That's where opportunity and threat lies.

But I can't agree biz value is intangible to the management team. If management f up. There is nothing left when QR report negative cash flow and defaulting on their debts. Not to mention what's left of market value. Hence, it's crucial to know what's the management is doing and competent enough to keep Armada profitable.

So, why do you buy armada?

Stamp duty is how much? But to construct a house below RM500K reduce margin by how much got count? And saving of stamp duty on RM500K house is just 8-10K only, that's about 2% saving to developer as they normal absorb the stamp duty. To make additional 100K, they have to sell 1000 houses. How does that push price up by 30%? Feels like magic mathematics going on there.

But if they can sell 1000 houses, it's not the revenue of RM100K that pushes the price by 30%, it's the 1000 houses they sold. I don't see people have the buying power now, so, I don't see how reduction stamp duty benefits the buyer nor improves their buying power.

There is no point calling the CFO, even if he lied, what can u do?

Or right issue where mgmt doesn’t give a damm about diluting share holders interest

And pursuing collections from customers. And let's not forget penalty from Woodside.

No Panda, market value is a step behind business value. EPS is EPS. Market may or may factor in the future business value until it is materialised.

The real opportunity is accurate valuation of the business value and reaps rewards when it materialised.

My valuation on 15% of 700mil revenue is quite something. RM 1 billion in retained earning in 7 quarters. Better don’t take any silly project and lose more money.

Sapura right issue is common sense. U pick any counter that deep into the red and predict they will do right issue, u will be correct most of the time. What so clever about that?

Shitty management, income statement is in the red. negative CORE operating profit.

Better declare bankruptcy than right issue.
I wonder who will buy the right issue.

ho say it’s lemon? Ur monkey brain ar Or the retarded group of “we”?

How r u gonna explain growth of revenue from 250 mil low to its 700mil a quarter? In 3 years?

Leon Harland only charged a fraction of Sapura CEO did despite the tremendous growth.

Now let say you have RM500K house, and you only make RM5K month. Should we all call u a bankrupt because you need 15 years to pay off the loan?

No, that's the whole point of financing the house with 30 years tenure. You pay monthly RM2K for next 30 years while u enjoy the balance 3K & capital appreciation.

Now tell me other than those OnG and emerges after the oil slump; which one has not depreciated more that 50%? If u take Sapura as comparison, RM5 at it's peak to 30 sen...and the difference is Armada CORE operating cashflow is POSITIVE. The impairment is not something that happens Quarterly. But their positive operating cash flow is. It only happens when they itchy hand go take difficult project and not able to deliver it.

So, DON'T EXPAND and get slapped with more impairment ESPECIALLY you don't have the cash in pocket. Reduce your operating expenses, starts marketing the OSV and increases their utilization. Fill the pocket up first. I hope Leon Harland reads this.

Please la! shutdown of zabazaba oil field means ALL OnG service providers are affected la.

Why this idiot talk like ZabaZaba shutdown only affects Armada or Armada caused it. Why? Why?

And what type of LIES is that saying Kraken will not be accepted when there is a fking acceptance certificates there?

http://www.theedgemarkets.com/article/bumi-armadas-fpso-issued-final-acceptance-cert

Now, pearlwhite, admit that you are a liar or swallow ur words back.

Personally, I prefer Armada to not take any project for next 8 QR. Focus on reducing operating expense and improves its cash position. When cash position is strong, ability to loan is better. Just take a break for 2 years. Let the cash rolls in for next 6-8 QR.

problem is we can't pin superbull11 as there is no identity tied to that nickname.

I think the most important thing for Armada to do now is to restructure their debts to long term.

Keep the 9 FPSO operating at 15% margin PAT for next 30 years. No need new project.

pearlwhite calculation on paying debt with 15 years means nothing if each FPSO's contract is between 25-30 years. As long as revenue from each FPSO can cover the finance cost, there is no real issue. You buy damm house also use 30 years to pay la. Nobody say you are broke also. Bodoh.

Last thing I read was disclaiming they procured very large carrier.

Is that you pearlwhite disseminating false info? =D

confirmed?

Report PAT 5mil, I go collect money from u ar? If deal I on...lol

U buying pearl white? =D

Accoun got problem. Then u ask more money ar? I think it’s more important what the next auditor says.

I think auditor eye red looking at increasing retained profit and wants a piece of it. If it’s not profitable, why wanna ask more money? Because it is!

The shrewd and savvy Management tell The the fella to F off la. Auditors doesn’t contribute to increased revenue also. If Management Wanna pay anything also pay the sales man first la. Common sense right?

What draws u here Vincent?

is that about PNB reducing it's position? Well, don't u know institution don't trade small cap company? And it's an old news. The sell down was last week.

what does that mean?

Woah panda, I nvr know u hold anything for a week. Lol.

Luke, the duration to next QR still far. At least can ding dong for another 3 weeks. Can press the price and collect lower. Perhaps, can queue at .45 and .47 level.

No volume again...

I wonder if there is such thing is high value but no growth or no value but high growth...
They are the same la....hahahaha

Pang, I tot you will buy at 65sen? That didn't happen ar? what else that u say that didn't happen?
I bet its ALOT. So, even if Fion followed what u say and bought at 65 sen, he will still be losing.

Even I picked up at 62sen, 58sen and 55sen. I still risk losing if it drops to 45sen simply bcos market is stupid. What exactly is your point?

The only thing that reduces the risk of my investment is next QR. PAT, 5mil it should trade above 85sen. I sold DUFU at RM2.2. Damm am tui when it hit RM2.8. But, u exited like what? RM1.22? Reason is probably u were ignorant of DUFU's earning potential and what does the 7 sen earning per share means. Let me help u abit. Another EPS 7 for next 3 quarter gives annualised EPS 28. PE 10 alone gives it RM2.80. The paymaster (Seagate, WD) is good. lol.

My point do u research, estimate accurately it's earning, put a decent Forward PE to it. Anything less than the Price is a bargain. But, u gotta be sure about it's earnings.

For this counter, Annualised EPS should be 5sen to 6 sen. Putting a low range of sector PE 15, gives 75sen to 90 sen. High range sector PE 20-25. Do the math urself if you can. Let's together who are the blardy North Asia client and if they are good paymaster.

Eh? Change play style dy? Good....Don't sell too soon...

E.g. DUFU. Sold too soon at RM2.2 too...But whatever...

People play long term game...collect as long as they like until the size is meaningful.

Price will continue be depressed.

Apa macam pang...sold liao?

Next week...or next month or 2020.

Can tapao go sleep dy...

Damm, I take very big position in this counter.

I fair it at 90 sen.

Lionind very attractive...last price I sold was 1.10...I fair it at RM1...now Trading 0.77...

Hand very itchy.

Lucky nia...u think every Sunday mer?

Who knows tmr pang is right again, sell down to 50sen...

Then u come someone very noob...hahahaha

Hahahahaha...damm happy...this is what happens in panic sell...fundamental hasn’t change but do selldown...if price attractive I sapu...if sell now, I collect 10% return in a morning...

But why settle for just 10% le?

U bought 65sen or not?

What a happy day today...checked everything on my shopping list...50lot at 58 and 100 at 55sen.

RM1 comes in a day mer? I will let u know when it is.

Got buy 65 sen pang? =D

Shit, queue 58sen, still too high...

This is temporary...and when profit rolls in and dividend is announced....

Market will have to look hard for excuses not to trade it at its fair value...

I dare anyone here make another sell down tmr...

I want to buy 50 lots at 59sen and 100lots at 55sen.

LGE's announcement spooked market gao gao...

I think it's because LGE instructing PNB to reduce it's position to improve Gov liquidity.

That's the largest spook. Now, I kinda miss BN dy. Living in fools paradise and market keeps growing.

Just went to the bank and got 200k credit...lock n loaded....queue all the way down to 0.55 and picking up warrant along the way...

PAT Margin is only 15%. If can reduce marketing and distribution cost by half, that would increase PAT by 50-100%.

What makes u think I left with any shares to selldown?