Back to 26 sen

It's time for a rebound

Wait till mkt gets wind of this news.
PNB sleeping

When Iking steps in fun starts

sos IKing

short sellers die

All our good wishes

will work out cos of your hard work

sos to InvestorKING

fake sellers

panic sellers plus short sellers
good for InvestorKING

InvestorKing........from the pattern , I think TS has started the collection

let them die more when Iking comes in

very strong buyers at 0.17

waiting for Investorking

its the petronas outlook

they dont read here la

IKING......................great news
will watch tomorrow cos no bullets left

Good, hope it works out for all of us here.
I'm small investor stuck high price

not shortsellers at 0.155
no time to buyback

was that u king?

perhaps the insiders engineered the whole thing to collect cheap price then get the loan restructured.
its big payday

mike, if u check your trades, very likely sell broker is 068
that broker still haven't finished selling from the last 1 week.
once finished, then it will move up fast cos loan will definately be restructured or paid off

all the best

There should be an announcement this month for the USD380m balance loan. 2nd trench due end Dec,
This time mgt have to say something or make the payment due.
Balance end march 2019

Appears so

https://baycityobserver.com/gearing-for-a-bull-run-bumi-armada-berhad-5210-kl-moves-3-13-for-week/

Worth a read

InvestorKing.................if your deal is on, u will get your price

Broken record, check the price when march 19 comes.
Now sell & no need to comment anymore

Don't worry abt EPF.......their selling is insignificant when there is huge vol . But look at TM price now, it's much higher. U only worry if the owner starts selling, rest selling is inducing the retailers to sell low & buy high. Don't fall for this trap, it's now at low price, if u sell now, then your view is that it's going bust, then go ahead, its your own view that matters. Not some shitheads here who talk kok only but acting that they know the oil business better then the experts.

U want to do big business, money come from heaven ah. Screw epf, they bias’s lose money

Hello, cofirmed 21b firm projects plus 11b extensions.........plenty contracts/jobs,
New ones have to be selective & who say no cash
They have 1.5b cash plus euro loan facility.

If under distres, huge buyers will not come at these price, no one wants to hive money away.
It's all insiders game ........u panic, u throw
At these prices it's low risk so no need to shout.
Shout at 50-95 sen. now no need

Last qtr it showed profit if no provision made. U guys don't read it properly. Anyways if you don't like this share just don't buy or sell if u have it . Close chapter

Yes high, it's nta after huge provisions is 0.81
Difference is that Armada has huge confirmed order book
So if push come to shove.......Armada can get a white knight or sell its business as a going concern at a better price than current mkt price.
High gearing companies usually fail at a down turn if they can't secure contracts, very poor cash flow, or low order book etc.
Armada just have a mismatch on borrowings on long term contracts.
Just wait wait for 2 months for the dust to settle down

There is no bursa disclosure of EPF buying buying at at 15-20 sen. they bought before the crash at high & very high prices.
EPF has a habit of buying high & selling low. Nothing new as they have plenty to spare

Well, I thought EPF invests directly plus outsources some of its funds to outside managers to invest at their own discretion. Sometimes I noticed EPF buys & sells on the same day but do not disclose the price. Can be considered as manipulation but because they use many fund managers who do not communicate with each other, they are exempted.

Outsourced fund manager Citigroup sold on EPF a/c, so nothing to worry

Then I think they waiting for insiders to collect from all panic sellers
Will come out next few days

Then the next best thing is all of us here should individually email armada via their website & compain. I have already done it yesterday.

At this point, the only positive news that can come from Armada CEO is a clear denial that the company is in distress by stating that the have enough internal funds & more than sufficient loan facilities to pay off the US320m but they choose to refinance instead as its more prudent thereby refuting The Edge articles. This statement must come out soon.

sorry , i meant foreign seller selling just like Dsonic not seacera.
We won't know cos all holding less than 5%

Story telling by the Edge to initiate major selldown. Hidden buyers. Panic foreign shh sold like in seacera. Soon Armada will have to deny those articles to save face after insiders have collected enough. Yesterday collect 0.17 cos seller refuse to throw any further. Today 0.155 for final clearance of stock. Watch tomorrow if there is any pattern change.
Denial by Armada will cause share price back up to 25-30 Sen within 1-2 months then debt settlement news plus pending Woodside Petroleum claim award...............it ain't going bankrupt anytime soon

Foreign shareholders clear out, price immaterial as long as got buyer

Main sellers were clients of HDBS
Possibly finished

In a downturn, without major funds support, all shares will tank. It will come down to a level where investors will view as good value like Umwog, then a base will be formed. If the mgt is bad then it will drop much further down like apft .
So it's not that bad as what u think as the mkt has shown. Most 3rd liners have collapsed, if M3 drops to 5 sen then I think u are right. So far not yet.
I'm comfortable at this price for a 1 mth plus hold until next qtr results

Based on the notes to the accounts, mgt is very optimistic of it's business plans . Next qtr profit will be much better perhaps triple from its last qtr subject to exchange rate volatility.
I wonder if anyone care to comment on the credibility of the current mgt?
I totally have no idea. Thanks

Really, i didn't know that
Yes i checked but it went up from 22 sen to RM 2.71 like 15 years ago.
Sad for those who still hold it but that's history now.
Now looking for 20 sen if possible based on his new business module

Do u guys know that the Company has 26m cash in the bank with zero borrowings?
last qtr Company has made money
Public Investment Bank has put a target price of 17 sen
Its just a matter of time

"The impairment recorded, which has no impact on cash, creates a lighter asset base for the Group by reducing the total carrying value and depreciation charge of our drilling rigs going forward,” said Tan Sri Shahril Shamsuddin, President and group CEO of Sapura Energy in a press statement.

However, he added that the industry has seen seen a recovery from low levels of activity as reflected in the higher crude oil prices, resulting in increased levels of bidding and contracting activities for the group's services segment.

In the last two months, the Group has secured RM2.7 billion of new orders in the Services segment, resulting in a stronger orderbook position which would contribute to revenues for FY2019.

Good for Sapura..............they need it more at this point in time