I am writing armada

not sure whether can get it ready by Monday

but I will try

Monday if 215 I will sapu

The worst is over

30 Sen sap sap sui

Bull run coming

IK jump in on Monday or see you at 30 Sen

Monday hoseh

If available at 21 I will add more

Ok 235

Monday close 22

Since yesterday I have been busy reading its annual reports from 2014 onwards

Hope you are right as I want to buy more

I read your article, you are on wrong track

If you punt stocks like this you wont last long

Tell us the name of the two stocks so that we can discuss more in depth

Not much capex as the ships had already been built

X

Many people don’t know that Bumi Armada generates very strong operating cash flow

It’s net profit is about RM250 mil per annum. But it’s annual depreciation charges is RM400 mil.

This means net operating cash flow (after servicing interest expenses) is about RM650 mil per annum.

nobody will privatise a loss making entity

No need to convince us

We do not control the stock

Armada now 10% of my portfolio

Bought more

Everyday up

Not armada lousy

You lousy

Everytime I pick a stock to buy, I ask myself "is it likely that I am buying at the peak of this stock ?"

If the answer is NO, then I buy

Without proper fundamentals, you cannot answer the above question

Those penny stocks that you praised so much, once they fall and you are trapped there, you don't know whether you will ever recover

Companies like ewint you know you have a good chance to recover if one day it drops below your cost

Because it has earning visibility and backed by fundamentals

better dont write back

that will increase future depreciation charges, isn't it ?


Frankie123 @mikekim hook up for kraken had shorten from 13days to 11 days to be minimum the production is around 45k perday the question is the impairment write back will reflect in the 2nd quarter?
27/06/2019 12:58 PM

apparently he can't get enough of it

keep on buying everyday

I don't understand why trump thinks china will surrender just because he threaten to impose tariff on another 300 bil china export to US

China has GDP of USD14,000 billion

300 billion divided by 14,000 billion = 2%

It will only affect 2% of China's GDP, why would China surrender to accommodate US ?

Americans got poor Maths, I guess

what should you do now ?

Option 1 SELL - you can panic and sell off at a loss

Option 2 HOLD - you know the latest loss was due to timing of handover. Basically, they did not hand over any unit during this latest Q. In coming quarters, there will be exceptionally strong earnings coming in due to hand over of completed units. As investing is forward looking, we should at least hold on to our stocks

Option 3 BUY - Leverage on the price weakness to add more (bearing in mind Brexit still unresolved, don't say I don't warn you)

Option 1, 2 or 3, your money, your own decision

Happy investing !!!

what had happened ? Why reported a loss ?

Of course we know the major earning contributor is UK. So to find out why they incur a loss, we need to look at UK operation.

The question now is : How much billing in U.K. during the latest quarter ?

Let me count for you :

(1) According to latest quarterly report, total unbilled UK sales as at May 2019 is RM10.14 bil

(2) As at February 2019, total unbilled U.K. Sales was RM9.73 bil

(3) During the 3 months from Feb until May 2019, they reported additional sales of RM410 mil (being 548 mil less 137 mil RM)

Now, apply the following formula :

Latest Unbilled Sales = Previous Unbilled Sales + Additional Sales During This Q - Billing During This Q

Move the parts around :

Billing During This Q = Previous Unbilled Sales + Additional Sales During This Q - Latest Unbilled Sales

= RM9.73 bil + RM0.41 bil - RM10.14 bil

= RM0.0 bil

Conclusion ?

During the latest Q, there is zero billing in U.K.

That explains why they reported a loss

I believe so

Thanks

Give you a Like

RM1 soon

What is wrong with my comment ?

that is why I roll my eyes everytime sceptics come and tell me "see ? you are wrong. The Vietnam plant is not going to make RM150 mil, it is only going to make RM100 mil per annum"

just imagine people come to you and say, "sorry to tell you that next year the company will only give you a pay rise of 40%, not 60%"

what is to sorry of a 40% pay rise ?

I am not worry about Vietnam project AT ALL

whatever the figure, it is going to propel share price higher

it is a matter of how much

even if up another 20% is better than nothing

who can make 20% in one year ?

Just relaxed

Wow you already foresee that in 2018

saltedfish Christmas 2019 will be $2
17/12/2018 11:36 AM

If they can announce two more quarters of good results , the stock can reach 30 Sen, despite high gearing

No need other catalysts. People will get bold once they saw consistent profitability

Added more warrants today

Anybody asked about the waste water project that Abang misai mentioned is facing delay ?

ya

somebody collecting

buying armada now is contrarian move

the stock has reached rock bottom

at inflection point

yes, fundamental is less than sterling

but that is why you are getting it cheap

kraken very important

if they get it right, earning will be sustainably strong

looked like breaking out

https://www.theedgemarkets.com/article/muar-ban-lee-banks-its-new-wastewater-treatment-system

10% of my portfolio now

added more this morning

You should stop looking at this stock

You are confusing yourself


Posted by InvestorKING > Jun 25, 2019 7:38 AM | Report Abuse

How come shorties not dared go short already? But keep defending the price at 0.21?

At 21

I have been adding

The Edge article said they have developed a new waste water treatment technology for palm oil mills that could be very promising

Expiring November 2022

Exercise price 80 Sen

Datin Chok is buying like no tomorrow