This counter has the ability to go very hi as the share spread is firmly controlled, provided it's able show improving results every quarters.

shpok4574
Thump up :-):-):-)
20% for me.

I bought pmcorp average at about 0.05, days b4 it was suspended :-):-) After calvintaneg highlighted it!

Last year, I day and swing trade, but this year I try sell-off my holding stock with intention to buy back at lower price, so far I had sold armada 2 x, the recent sold still not buy back yet. investment in stock market is full of excitement if you only set a limited % for trading purpose. :-):-)

I sold few days ago still not buying back, if it's not my price.. wait, if couldn't get.. look for another counter

It is more fun to trade armada then sapnrg as the votality give the swing..

Mr Yong
Thump up for this negative data which many of us already known it. So, please get ready to buy cheap stock, if you have gone through many times of severe market turns, definitely you will understand what I meant :-):-)

I try many times to hint you but seem like you are too engrossed with these idss, it is part and parcel of the game, it creates the liquidity for investors to buy hundred of millions or even billions

" Never go into the tip of the goat's horn" especially in share market, it will haunt you for life :-):-)

My understanding of IDSS that appeared with volume and value is ONLY the sell order auto tabulated when Keyin with an IDDS function. The coverback buy of the idss done will not add in to earlier figures, if not it will become double which is not the actual and true figures. Like your earlier 17 million IDSS, the cover back buy will include in the total grand volume done.

With mysalam, likely coming Q results will show good profit:-)

Anything and everything is possible :-)

The highest volume traded so far this year is 775 million against the total number of share issued 5.87 Billion = 13.20% if you compare with many goreng counters, some even as high 30%. With reference to the annual report, retailers own 800 million shares of armada! With the velocity and penny stock in nature, furthermore too many negative issues which had turned Armada the traders preferred stock now for sometime. if ones is able to trade could reduce the cost tremendously, but the option is yours, you decide! ^o^

Collaboration with Yinson/ Petronas to utilize Armada excess capacities! Will this happen?

Please read with open mind as I summary the keys pts for your convenience.

Below are important notes need to consider for the new project secured:

By Kenanga research

Not entirely optimistic on contract win. As stated in our previous reports, this contract from ONGC was already anticipated. However, while this new contract award does have some positive merits (e.g. expected improvement of future earnings and cash flow, should operations be executed smoothly), we are not entirely positive. As we gathered via some reported news outlets, the Shapoorji-Bumi JV emerged as the only bidder for the project after other bidders, namely Modec and SBM Offshore, pulled out from the bidding process, perceiving the tender conditions to be “challenging”. As such, we suspect the contract terms may not be too favourable. Additionally, we also suspect raising fund could also pose another challenge as we estimate ARMADA’s capex portion to be as high as ~USD200m, considering ARMADA’s current debt status with total borrowings amounting to RM10.4b 

By Aminvest research
However, the JV will be converting a tanker which has been identified by Shapoorji and not involve Bumi Armada’s idle FPSOs or vessels.

Notwithstanding management’s earlier claim that financing will not be needed for this project, we estimate that a debt-to equity financing ratio of 80:20 will mean that the group will need to raise additional equity financing of RM322mil, which may be uncertain given that Bumi Armada has just recently refinanced US$660mil (RM2.8bil) of unsecured term loan and revolving credit facilities.

By Publiclnvest

While this could be positive on BAB’s future earnings, our optimism is kept in check by questions on how BAB is going to finance this job due to its stretched balance sheet. Pending more clarity on this and its 1QFY19 results later this month, we maintain our earnings estimates..

Lower day rate instead. It is understood that the consortium has submitted an initial day rate of about USD745k earlier this year. After several rounds of negotiations with the Shapoorji-led grouping, day rates have been lowered to USD639k. By the exercising the optional extensions, the day rate will be scaled down even further by a massive 60% to USD256k.

HL Investment research

External funding needed. Despite its recent successful refinancing of the existing term loan, Armada’s financials are still rather stretched with net gearing of 2.7x as of 2Q19. Armada would have to expedite its asset monetisation exercise to raise cash or to seek for external funding. The management has ruled out the possibility of cash calls at this juncture. This probably suggests that Armada might be seeking another project lender to fund the equity portion.

jjchan
Thanks

The Chinese article I posted earlier lachai1960 is very good for personal growth ^o^^o^^o^

Hopefully, someone will be able to explain the whole process of RSS,PDT, IDSS to clear the air.The 3 could you help out? (^o^)(^o^)

Investor King
Have you ever checked the quantity of buy-in for Armada??

6-18 months wait, not an issue as expected to let the management time to find better solution for shareholders.

Just image if coming Q result is not as good as what we think! Will be known b4 June! Not only armada... too many to watch ^o^^o^

qqq3
Yes agreed with you as stock market is too dynamic and hard to get it right all the time! So, it is often we read now upgraded... down graded after the event had happened. Just for sharing,
There was a case 20 yr ago happened in HK that the analyst was accused of collaborate with syndicate! Why its happened! As human, we have the short comings ^o^

IBs will present facts dan figures, the industry, strengths and weaknesses, the prospect of a company under their coverage. it will update immediately any new major developments of the company covered, like new project secured, new JV or Q results, usually they will give their views and rate the company according to new findings! This is their routines, it happened before that a prominent investor had accused of IBs misleaded investors which caused the price dropped quite severe, so that the interest parties were able to buy at cheaper price!

As investors we must learn to read their reports with rationel thinking, based on the facts and figures with our fundamental analysis come out with our own judgement and decision as in share investment, nobody is too small or too big as share market is able to accommodate all and no preference is given to anybody

Please also take note, short traders/sellers have no mercy as when opportunity surface for them to short, then they will hammer it down! Like the way they hammered Armada from 50 cts down to 15 cts. I was caught with a small portion at 40 cts! So, please don't blame and cure in stock market. keep enhancing our own skill is the key to survive many more market turns!

I have sold my Armada (holding) for 2 time, this round I didn't buy back yet,as I was targeting at 19 cts!Traders like Armada because it has too many potential negative issues such as: over-gearing, impairment, under utilised vessels, court case, right issue... It has become short sellers' preferred stock as about 20% of the daily volume is created by IDSS. The volume of short selling will reduce gradually if Armada was able to turn those issues to positive ones. FI last year Myeg was also being targeted!

I am leaving this counter for good! May come back if it's attractive enough,,^_^

Last Friday MHB had announced latest Q results, even though someone from the company mentioned earlier it will turnaround soon but the figures announced was a different story! So, ...

moneykj,
I also bought parson for recovery

refer to focusp. please

3iii only using those companies to illustrate investing in turnaround company, the risk involve and timing of buy is crucial as these companies may not turnaround at all, even it had turnaround, the share may be fluctuated for few year before it trend higher. Just look at focus, then you will understanding what I meant.

Yes. You just look at focusp, it take 3 quarter of profit; then only the share price started to move double up... this is good case study. Armada was mentioned by 冷眼/prominence local investor that you need to set aside 5 year for it to grow. Actually, Armada currently still has many issues to solve; debts/ under utilised facilities/ early stage of Oil and Gas sector recovery and not making quarterly profit yet. The turnaround has not begin yet! So, it share price will goes up if it has good news to announce, thus provide good opportunity for investors who want to exit /trade.

3iii,
well said

From the figures mentioned earlier that EPF is doing trading of shares too

Oil and Gas crises is a very good lesson for all as expansion for grow is good but managing debts and cash flow is our most important to stay afloat. For investors that we have choices to pick what type of company we want to invest, so never blame anybody if we have made a wrong decision!

It will be very surprised EPF couldn't leave in 4 yrs!

Just for your information that EPF had reduced 1% of Armada from 8.11% -7.11% , 26 Dec 2014- 24 Apr 2019.

@Ziko Ro,

Thank you for your highlight of 10 b debts, those in this forum exactly know of what you mentioned and believe that the depressed price of Armada had been accounted for it. Let me just to copy this caption again:
"While the settlement of this short-term commitment is positive notwithstanding an estimated interest rate which is higher by 1.5ppts (RM40mil annually – 12% of FY20F earnings), we highlight that the refinanced portion accounts for only 26% of the group’s RM10bil total debt. The group still has to renegotiate with its lenders for RM3.1bil sukuk and unsecured term loans as Bumi has breached their net debt/EBITDA convenant terms."

I bought it for Oil and Gas recovery theme play and believe it will not go burst as it is own by a prominent business boss.

Micsoh,
I sold yesterday at one-go at 0.23 at 4.50 with intention to buy back at lower price

@ Micsoh, Thump up for you....

Currently IDSS value 12.42 m

just be calm

just be calm

The depressed price of Armada has turned many people to become the best fortunetellers but didn't need a Crystal ball! Just be calm

So, it needs to to show the improving Qs results as O

This counter is moving ahead of it current earning, as Petronas had already awarded projects

O

Petronas had awarded projects for sometime already as O

This counter needs to be patient to wait for a few Qs for it to show improving results as it is currently on the hi PE

The play in O

The play in oil