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2019-05-29 10:57 | Report Abuse
investorking, break 0.20 now. wat do u want to say now
2019-05-28 16:38 | Report Abuse
investorking, we all rely on u. but u left earlier without shooting the management
2019-05-28 15:15 | Report Abuse
investorking, my proxy saw clement, but didnt see u talking. where r u now
2019-05-28 14:08 | Report Abuse
i am in singapore now, not able to come
2019-05-27 09:38 | Report Abuse
i have 15.5 mil shares now, will sell 2 mil first at 0.25
2019-05-24 20:43 | Report Abuse
investorking, u decide to keep or sell now?
2019-05-24 17:23 | Report Abuse
if armada got impairment again in coming QR, really no eye see
2019-05-24 16:28 | Report Abuse
strongly promoted by investorking, armada finally up 1 cent
2019-05-24 09:17 | Report Abuse
Based on the financial review of Armada with the latest addition of the 2 out of 3 GOOD NEWS, it was determined that (basically, nothing has changed from previously!) :-
PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 14.25 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 6.5 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING
Armada’s ability to secure new contracts is likely to be 0%
PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.
6.5 years to go or 27 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.1 billion in profits.
Rm20.5 billion confirmed sales for next 6.5 years. Actual operations profit from Rm20.5 billion is around Rm8.5 billion. Rm8.5 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12.5 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.
It is enough to pay off the RM13 billion debts (excluding interest)?
HOW TO MEET THE RM5.5 BILLION DEFICIT???
How much ADDITIONAL new revenue is needed for Armada?
=================================
Around RM13 billion in new sales / revenue.
=================================
That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.
So it’s the crunch time now. What are the options available to the shareholders?
1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive
1. Taking Armada private
Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.
2. Sell Armada
No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.
And new owners have to come up with an additional RM5 billion to pay off its debts.!!
3. Dispose assets to continue to survive
Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.
With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.
Despite the enthusiasm on the following: -
Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs
Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.
Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.
We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.
We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.
As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.
Looks like its "ride the train for as far as you can" before it breaks down.
2019-05-24 09:14 | Report Abuse
so cheap stock wondering still got ppl dump it. not enough for my lunch
2019-05-23 17:25 | Report Abuse
tomorrow drop again, really crazy stock
2019-05-23 14:51 | Report Abuse
Based on the financial review of Armada with the latest addition of the 2 out of 3 GOOD NEWS, it was determined that (basically, nothing has changed from previously!) :-
PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 14.25 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 6.5 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING
Armada’s ability to secure new contracts is likely to be 0%
PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.
6.5 years to go or 27 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.1 billion in profits.
Rm20.5 billion confirmed sales for next 6.5 years. Actual operations profit from Rm20.5 billion is around Rm8.5 billion. Rm8.5 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12.5 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.
It is enough to pay off the RM13 billion debts (excluding interest)?
HOW TO MEET THE RM5.5 BILLION DEFICIT???
How much ADDITIONAL new revenue is needed for Armada?
=================================
Around RM13 billion in new sales / revenue.
=================================
That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.
So it’s the crunch time now. What are the options available to the shareholders?
1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive
1. Taking Armada private
Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.
2. Sell Armada
No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.
And new owners have to come up with an additional RM5 billion to pay off its debts.!!
3. Dispose assets to continue to survive
Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.
With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.
Despite the enthusiasm on the following: -
Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs
Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.
Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.
We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.
We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.
As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.
Looks like its "ride the train for as far as you can" before it breaks down.
2019-05-23 14:47 | Report Abuse
investorking, why dont u eat up all shares at 0.185
2019-05-23 10:16 | Report Abuse
why they like to short armada, better short dayang
2019-05-23 09:45 | Report Abuse
Based on the financial review of Armada with the latest addition of the 2 out of 3 GOOD NEWS, it was determined that (basically, nothing has changed from previously!) :-
PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 14.25 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 6.5 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING
Armada’s ability to secure new contracts is likely to be 0%
PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.
6.5 years to go or 27 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.1 billion in profits.
Rm20.5 billion confirmed sales for next 6.5 years. Actual operations profit from Rm20.5 billion is around Rm8.5 billion. Rm8.5 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12.5 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.
It is enough to pay off the RM13 billion debts (excluding interest)?
HOW TO MEET THE RM5.5 BILLION DEFICIT???
How much ADDITIONAL new revenue is needed for Armada?
=================================
Around RM13 billion in new sales / revenue.
=================================
That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.
So it’s the crunch time now. What are the options available to the shareholders?
1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive
1. Taking Armada private
Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.
2. Sell Armada
No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.
And new owners have to come up with an additional RM5 billion to pay off its debts.!!
3. Dispose assets to continue to survive
Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.
With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.
Despite the enthusiasm on the following: -
Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs
Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.
Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.
We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.
We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.
As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.
Looks like its "ride the train for as far as you can" before it breaks down.
2019-05-23 09:05 | Report Abuse
who bot barakah sure.die gao gao
2019-05-23 09:04 | Report Abuse
the traders stupid. why they so like to contra this armada
2019-05-21 10:30 | Report Abuse
investorking, pls give us new direction. buy or sell now
2019-05-17 14:53 | Report Abuse
operator calculating now how many buyers at 0.195
2019-05-17 09:04 | Report Abuse
investorking, its time for u to sell
2019-05-17 08:56 | Report Abuse
investorking, pls sell at 0.195, buy back later
2019-05-17 08:48 | Report Abuse
hardly go up to 0.20, investorking.
2019-05-17 08:33 | Report Abuse
i juz reloaded some at 0.19 yesterday.
2019-05-17 07:36 | Report Abuse
investorking, u decide to keep or sell partially now
2019-05-16 20:05 | Report Abuse
investorking, u wanna sell half tomorrow?
2019-05-16 18:38 | Report Abuse
investorking, this time disposal how
2019-05-15 10:50 | Report Abuse
0.213 oredy made u cry? u are the type can not earn big money
2019-05-15 10:39 | Report Abuse
stuck at high price now, but still manage to trade armada with my 30% holding
2019-05-15 10:00 | Report Abuse
now they are catching those buy at 0.20, if more traders go in, 0.195 will suddenly become seller
2019-05-15 09:53 | Report Abuse
trade armada must have cash, no cash dont trade armada
2019-05-15 09:43 | Report Abuse
who go in contra and wanna earn free lunch, will end up lose one month pocket money
2019-05-15 09:31 | Report Abuse
today who go in contra then will kena trap. stay tune
2019-05-14 19:25 | Report Abuse
tomorrow armada operator going to trap those contra players. be sure u got money then only trade this stock
2019-05-14 17:39 | Report Abuse
epf dispose 6 mil shares. buy high sell low
2019-05-14 10:41 | Report Abuse
very rare will buy call warrant in such big amount in such market. god bless u
2019-05-13 16:39 | Report Abuse
i still dunno why so many contra players still keen to trade armada, why why why
Stock: [ARMADA]: BUMI ARMADA BERHAD
2019-05-29 11:04 | Report Abuse
anyone saw pearlwhite yesterday AGM