hopeless ARMADA...

SELL....Keep dropping

If you don't believe, please contact ABS and BV to verify Cluster 7 mooring system

also, Kraken FPSO has under-estimation of 6000Ton renewal steel inside deck strengthening ...

all shows project over run cost

maggiel, wvt1198, ahmoi, spinninglotus madcow

Stop misleading investors in this forum....your guys prediction are wrong always...

Kindly see result of stock........

ARMADA has always hidden stories behind..

Armada is most leading loss among FPSO companies.

Watch up....

ONGC already investigate Cluster 7 mooring system....it is very poor under-sized....

ABS has no approval on this system

alamak.....macam ini....lagi mahu turun

Rugi wang...saya mahu lari...

Armada seems dropping from Q4 2013......

Cluster 7 mooring under sized,, kraken, balnaves give real impact

Madura FPSO already delay signing contract, it may not happen to award

Please study world FPSO companies stock performance (SBM, BW and Modec). their stock has not dropped significantly due to any impact from oil/gas news and pricing.

Armada is worst , dropping like free fall

In fact, FPSO companies has signed the charter contract with oil companies and consistent receiving margin profit throughout FPSO operation.

Madura FPSO may not happen

Armada signed contract with low profit margin. In case of any problem on design, stock will keep dropping

Cluster 7 mooring system badly undersized...whole world open eye and has discussion on this.

http://klse.i3investor.com/servlets/stk/7293.jsp

All investor , please have read this link - yinson....

maggiel, wvt1198 are hired by Armada ........Be careful on their comment

Bumi armada has a lot hidden agenda stories....as klorang told before.....

Now, it is Husky Madura project...problem coming......Bumi may not secure this official charter contract as LOI is just nothing

Watch up ...Cluster 7 FPSO mooring undersized....ONG investigate

Kraken FPSO....6000ton new steel renewal caused high over run cost coming

Please take noted that all project has been capitalised into ARMADA stock.....PRoject progress and outcome will be significant impact to overall ARMADA stock performance and company profitability

Bumi Armada delays signing of US$1.18 billion FPSO contract











By Charlotte Chong / TheEdge Markets.com | October 14, 2014 : 7:42 PM MYT




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KUALA LUMPUR (Oct 14): Bumi Armada said in an announcement to Bursa Malaysia today that the Jakarta-based oil and gas firm Husky-CNOOC Madura and the consortium, which comprises of Bumi Armada's unit Bumi Armada Offshore Holdings Limited ( Financial Dashboard) and its joint venture company PT Armada Gema Nusantara, have agreed to sign a 10-year charter contract for a floating production, storage and offloading (FPSO).

The charter contract carries a tenure of 10 years for US$1.18 billion, with an option for an extension of five years.

To recap, Bumi Armada received a letter of intent from Husky-CNOOC on Aug 14 this year, on the FPSO contract.

Bumi Armada share price has been on a decline since the start of the year. The stock has shed 38% or about 94 sen year-to-date. It closed at RM1.53 today, up six sen after it hit a historical low of RM1.47 yesterday.

Those surprises will coming to pull down the share to bottom...Let us observe when will first oil date of Cluster 7 FPSO. C7 mooring system is under design, whole world open eyes to see the drama

CEO dispose his stock continually because of CEO already no confident on armada bottom line

Be careful...........this counter keeps dropping...no hope on this

too many hidden agenda inside this counter .....project over run cost and delay....

WHY CEO keeps selling his stock in case his company always profit?

This bounce is only for short term....not long term

I fully agreed with klorang....

It is their strategy , pull it up and sell ...

Don't be greedy...................

Don't overestimate at Armada profitability....So far, the share trend goes downward since Q4 2013

Look forward Armada drops to RM 1.35 .............BIG LOSS sooner

Huge volume today.......Drop and drop

Raymond,

Little clarification. Kindly understand Armada profit dropped from Q3 2013 - Q2 2014 , please go internet to check newspaper first ....

Also..........Balnaves delayed about 1 year before first oil

fully agreed with steve...

Bumi has a lot hidden agenda....like project failure and delay like cluster 7 , balnaves and kraken...

All FPSO contractor has charter contract agreement with oil company with profit margin...

Now, it means project failure impact to their company profit now

more more dropping...
this week...ARMADA will keep dropping......hidden agenda will impact Armada momentum

Drop ...drop ...drop...armada....

WIll drop dramatically.

Next Monday, bonus share starts trading ....it caused over supply, the pricing keeps dropping....

Now is new record low pricing of Armada ...........SELL and RUN

It is very pity that CEO can't take chance to execute 50M share option with RM4 as current price is RM1.64. This share price of RM4 has been influenced by success stories like TGT, Sepat and D1 projects ..

Now. project failure /delay continued like Balnaves, C7 mooring and Kraken steel replacement .....how to make company perform profit ...

Cluster 7 can sail away with open items - mooring undersized and let ONGC investigate

SELL ....Run

wvt1198, Again wrong...it is CEO biggest concern...

Everything has written to legal Contract term & condition; when is first oil date? If project delay, Armada will face penalty and no earn any single cents of charter fee stated from first oil date.

Whole complete field production will incur delay due delay delivery of FPSO

DROP AGAIN.......

This is a starting ........Coming of project impact like Cluster 7 , Kraken will start impact to Company profit book....Q3 , Q4 2014, you all monitor profit or not

no profit....More DROP pricing

It is FORUM ....open for discussion among investor .......Feel free to talk and speak out ...

Not like a company has a lot hidden agenda issues.....

CEO & shareholder keep selling his share ...meaning to what......

Now, using public money to finance problematic project.....

The share price keeps dropping................what we said came truth...

Next cluster 7 due mooring undersized will impact sooner........ Let see vessel can sail away on November or not.

If not, good luck to investor..........

Shareholder, CEO keeps selling share.

Armada project has been secured with very low pricing contract....all projects are capitalisation in Armada share....

in case of project overrun failure and delay, the prices keeps dropping ....

SELL and run

WHY OMBAK keep selling their share ...if a good & profit company, as investor, it will keep them , NOT SELL...Consider carefully..

There will be hidden agenda inside.....

wvt 1198........Yinson moves forward to better position than Bumi armada.

there has no more success stories happen like Vietnam TGT project, Petrofac SEPAT and D1 including first internal turret development . This reflects to previous Armada price of RM4....

last price of RM4 s supported by successful job like tgt, sepat, d1 projects and first in house design turret. Even Cluster 7 turret is copy of D1 but it still failed to make mooring system correct....ONGC still investigate

No future for Armada due to price down caused by Balnaves and cluster 7.......CEO just keep selling share

SELL and RUN

Now, Bumi wants to use public money to finance their problematic project.........think about why SVP, shareholder and ombak wants to sell their share if company profit....

a lot hidden agendas is inside bumi project.....Cluster 7 said want to sail away on November 2014 and any announcement of ceremony sail away.....

it seems not happen due to cluster 7 mooring badly under-sized and now ONGC investigate internally...

Kraken has huge steel renew for deck and hull strengthening meet north sea requirement.....all looks project over run cost and big delay.. North sea FPSO is a killer project respect overrun cost

RUN only

wvt 1198 jangan bodoh......if share/bonus issues has been active, the pricing share goes downward because of oversupply..........Don't cheat by bumi trader.....


Now, all shareholder, SVP and CEO keeps disposing all their own share....tell why, if profitable company, why they want to sell their share... Ombak damai only owns 7% after disposal.

http://www.theedgemalaysia.com/personal-finance/310163-insider-moves.html.

Update from reliable source:

Cluster 7 mooring system is serious under-sized. This is confirmed by reputable international experts from BV who did the independent verification. Further confirmation has been done by model test in Shanghai Jiao Tong University, China. Both BV and model test demonstrate Armada in-house design is 100% under sized. ABS approval engineer doesn’t agree the design basis of Bumi’s analysis & assumption and request Bumi to submit model test report. Unfortunately, Bumi told ABS that they didn’t perform model testing in China. It is because Bumi just take advantage of they are big client of ABS. Now, bumi used the politics to pressure C7 mooring approval.

Bumi would like to cheat. It is totally damage the reputation of itself and spoiled market.
Now, ONGC fully aware this and approached third party independent check as well as internal check

Please someone explain me....why those shareholder, CEO and SVP keeps selling shares and right ??????

If company profitable & good, investor keeps their share FOREVER....

There will be hidden agenda inside it .....Coming of project failure with a huge overrun cost and delay like C7 mooring under sized...; ONGC STILL INVESTIGATING

Now, Kraken project.........Select wrong donor vessel for North Sea FPSO conversion.......Understand that vessel requires 5000 TON new steel reinforcement for deck to compliance with strength and fatigue requirements of NORTH SEA........BIG DELAY AND PROJECT OVER RUN COST

LARI....RUGI WANG PULA COUNTER....LARI....

Tak Percaya ini counter......Jual ARMADA and Beli YINSON

Changes in Sub. S-hldr's Int. (29B)

BUMI ARMADA BERHAD


Particulars of substantial Securities Holder

Name Dato' Sri Mahamad Fathil bin Dato' Mahmood ("Dato' Sri Fathil")
Address No. 3 Kampung Sungai Serai Kuang
48050 Rawang, Selangor Darul Ehsan
NRIC/Passport No/Company No. 490323-10-5005
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 25/09/2014
990,000



Disposed 26/09/2014
2,000,000



Disposed 29/09/2014
2,000,000





Circumstances by reason of which change has occurred Disposal of 4,990,000 BAB Shares in aggregate by Ombak Damai Sdn Bhd ("ODSB") via open market - Deemed substantial interest through his shareholding in ODSB.
Nature of interest Direct and deemed interests
Direct (units) 750,000
Direct (%) 0.03
Indirect/deemed interest (units) 204,622,800
Indirect/deemed interest (%) 6.98
Total no of securities after change 205,372,800
Date of notice 02/10/2014

Changes in Sub. S-hldr's Int. (29B)

BUMI ARMADA BERHAD


Particulars of substantial Securities Holder

Name Dato' Ahmad Fuad bin Md Ali ("Dato' Fuad")
Address 51, Jalan San Ah Wing
Off Lorong Gurney
54100 Kuala Lumpur
NRIC/Passport No/Company No. 530202-07-5149
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 25/09/2014
990,000



Disposed 26/09/2014
2,000,000



Disposed 29/09/2014
2,000,000





Circumstances by reason of which change has occurred Disposal of 4,990,000 BAB Shares in aggregate by Ombak Damai Sdn Bhd ("ODSB") via open market - Deemed substantial interest through his shareholding in ODSB.
Nature of interest Direct and deemed interests
Direct (units) 300,000
Direct (%) 0.01
Indirect/deemed interest (units) 204,622,800
Indirect/deemed interest (%) 6.98
Total no of securities after change 204,922,800
Date of notice 02/10/2014



Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 2 October 2014 received from Dato' Fuad by the Company on even date.

The registered holders of the 204,922,800 BAB Shares are as follows:

Direct interest

Changes in Sub. S-hldr's Int. (29B)

BUMI ARMADA BERHAD


Particulars of substantial Securities Holder

Name Ombak Damai Sdn Bhd ("ODSB")
Address Level 8, Menara Perak
No. 24 Jalan Perak
50450 Kuala Lumpur
NRIC/Passport No/Company No. 718215-T
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 25/09/2014
990,000



Disposed 26/09/2014
2,000,000



Disposed 29/09/2014
2,000,000





Circumstances by reason of which change has occurred Disposal of 4,990,000 BAB Shares in aggregate via open market.
Nature of interest Direct interest
Direct (units) 204,622,800
Direct (%) 6.98
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 204,622,800

Particulars of substantial Securities Holder

Name Datuk Abdul Farish bin Abd Rashid ("Datuk Farish")
Address 53, Jalan Liku Bruas
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No. 600806-12-5849
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 25/09/2014
990,000



Disposed 26/09/2014
2,000,000



Disposed 29/09/2014
2,000,000





Circumstances by reason of which change has occurred Disposal of 4,990,000 BAB Shares in aggregate by Ombak Damai Sdn Bhd ("ODSB") via open market - Deemed substantial interest through his shareholding in ODSB.
Nature of interest Direct and deemed interests
Direct (units) 125,000
Direct (%) 0.004
Indirect/deemed interest (units) 204,622,800
Indirect/deemed interest (%) 6.98
Total no of securities after change 204,747,800
Date of notice 02/10/2014



Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 2 October 2014 received from Datuk Farish by the Company on even date.

The registered holders of the 204,747,800 BAB Shares are as follows:

Direct interest
Datuk Farish
- in respect of 125,000 BAB Shares (No change)

Indirect interest
CIMSEC Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd
- in respect of 204,622,800 BAB Shares

Oil prices drops ......IT MAY CAUSE ARMADA keep dropping .....


CEO, VP keeps selling ARMADA shares..

More and more project failure - Cluster 7 mooring failure caused impact to ARMADA

http://www.thestar.com.my/Business/Investing/2014/10/01/RHB-Research-Neutral-on-oil-and-gas-sector/


"We believe the sector’s current premium valuation is unsustainable, as many local O&G players venture overseas and move up the value chain. We see this resulting in a narrowing of the gap between local and global valuations,

The increasing costs and complexities of projects, uncertainties in long-term expectations of O&G demand and the direction of crude oil prices have and will likely continue to influence global O&G majors’ capex spending," it said.

MR CEO wants sell and run away....all hidden stories are inside bumi...

C7 mooring problem would cause an impact to bumi growth

WHY CEO KEEPS SELLING his share if he think his company profitable and good

Mr CEO still selling share by dispose his 2/3 of his rights entitlement. However Mr CEO has 50M Option share but price is even higher than market, it is pointless that he won't execute this option...

Changes in Director's Interest (S135)

BUMI ARMADA BERHAD


Information Compiled By KLSE

Particulars of Director

Name Hassan Assad Basma ("HB")
Address A2-17-2
St Mary Residences Tower A
No. 1, Jalan Tengah
50250 Kuala Lumpur
Descriptions(Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB") ("BAB Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)


Type of transaction

Date of change

No of securities

Price Transacted (RM)


Others

18/09/2014

1,000,000

1.350


Others

18/09/2014

2,000,000

0.440


Others

13/09/2014

50,624,803





Description of other type of transaction Changes in particulars of HB's interest in relation to the circumstances giving rise to changes in interest and dealings in BAB Shares pursuant to the renounceable rights Issue of up to 1,479,238,150 new ordinary shares of RM0.20 each in BAB ("Rights Share") on the basis of 1 Rights Share for every 2 existing issued BAB Shares held by the entitled shareholders of BAB as 12 September 2014, at an issue price of RM1.35 per Rights Share ("Rights Issue") and from the adjustments to outstanding options granted to him pursuant to the Company’s Employee Share Option Scheme (“ESOS”) (“Options”) under the By-Laws governing the ESOS as a result of the bonus issue and Rights Issue announced by the Company on 23 May 2014 (“Adjustments”).
Circumstances by reason of which change has occurred i. HB's entitlement as at 5.00 pm on 12 September 2014 of 3,000,000 BAB Rights Shares pursuant to the Rights Issue;
ii. Acceptance of the Provisional Allotment of 1,000,000 BAB Rights Shares ("Acceptance of Provisional Rights Shares") by HB;
iii. Disposal of the Provisional Allotment of 2,000,000 BAB Rights Shares by HB; and
iV. Adjustments to his outstanding 30,500,000 Options resulting in 50,624,803 Options.
For details please see remarks below.
Nature of interest Direct beneficial interest over the BAB Shares

Good luck to bumi armada...

Four FPSO construction projects underway ...............high risk in project planning and execution

Heard from reliable third party source

C7 mooring is badly under design; this is confirmed by Bureau VERITAS independence studies check and also model testing in Shanghai.

They denied that they have done third party check of BV and model test.
Now, ABS Class doesn’t approve this mooring design & integrity

ONGC is also aware of this issue, start further investigation and engaged with third party. For past lesson to be learnt is like BP Deep-water Horizon happened in Gulf of Mexico, it caused disaster to human & environmental and major loss to BP

OMBAK keep selling share ...dis-investment

Heard from reliable third party source

C7 mooring is badly under design; this is confirmed by Bureau VERITAS independence studies check and also model testing in Shanghai.

They denied that they have done third party check of BV and model test.
Now, ABS Class doesn’t approve this mooring design & integrity

ONGC is also aware of this issue and start in investigation. For past lesson to be learnt is like BP Deep-water Horizon happened in Gulf of Mexico, it caused disaster to human & environmental and major loss to BP

tak cukup wang...jual...jangan bodok..

if a company perform profit always, who want to sell their own shares...

For example - Alibaba Stock

Bumi armada start shaking .. ....

More and more project losses coming. ...........Cluster 7 mooring undersized next


latest news


Ombak Damai Sdn Bhd, the third largest shareholder in Bumi Armada Bhd, has sold 664,900 shares of Bumi Armada in the open market. This still leaves it with a 7.15% stake or 209.6m shares in the company. Datuk Ahmad Fuad Md Ali and Datuk Abdul Farish Abd Rashid are both shareholders of Ombak Damai. They both have a direct stake of 0.01% and 0.004% respectively in Bumi Armada. Last month, Bumi Armada fixed the price of its rights issue at RM1.35 apiece, which is a 32% discount to the theoretical ex-all price of RM1.98 per share. The rights shares will be issued on a one-for-two basis, involving up to 1.48bn shares. There is also a bonus issue of up to 1.48bn shares, also on a one-for-two basis. (StarBiz)

Changes in Sub. S-hldr's Int. (29B)

BUMI ARMADA BERHAD


Particulars of substantial Securities Holder

Name Datuk Abdul Farish bin Abd Rashid ("Datuk Farish")
Address 53, Jalan Liku Bruas
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No. 600806-12-5849
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 19/09/2014
100,000



Disposed 22/09/2014
50,000



Disposed 23/09/2014
205,900



Disposed 24/09/2014
309,000





Circumstances by reason of which change has occurred Disposal of 664,900 BAB Shares in aggregate by Ombak Damai Sdn Bhd ("ODSB") via open market - Deemed substantial interest through his shareholding in ODSB.
Nature of interest Direct and deemed interests
Direct (units) 125,000
Direct (%) 0.004
Indirect/deemed interest (units) 209,612,800
Indirect/deemed interest (%) 7.15
Total no of securities after change 209,737,800

Changes in Sub. S-hldr's Int. (29B)

BUMI ARMADA BERHAD


Particulars of substantial Securities Holder

Name Dato' Sri Mahamad Fathil bin Dato' Mahmood ("Dato' Sri Fathil")
Address No. 3 Kampung Sungai Serai Kuang
48050 Rawang, Selangor Darul Ehsan
NRIC/Passport No/Company No. 490323-10-5005
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 19/09/2014
100,000



Disposed 22/09/2014
50,000



Disposed 23/09/2014
205,900



Disposed 24/09/2014
309,000

WHY CEO, VP and Shareholder keeps selling share now?

If good profitability company, every people keeps their share, not disposing


Cluster 7 mooring problem caused big impact to company profit.