Get ready to top up on this weakness...count me in...

Suddenly so many FPSOs projects for bidding, along with rise in oil price, and Trump's strong USD push will stimulate aggressive animal. Next year is a great year for everyone. Buy buy buy and keep. Unlikely privatise at 60-70 cents because Ananda owns only 35%, all the rest own the shares from 50 cents to RM2.30. Out of these, 70% own above RM1.00. Ananda needs to secure 90% shareholding approval for successful takeover. So the above statement by 2016v is extremely unlikely and impossible unless we believe 70% of the shareholders are happy to accept losses of at least 50% cut. This is not human behaviour....keep in mind of that....

50% fund buying today at 0.55. Tomorrow should go up to 0.60. If dropping back to 0.50, I still can buy with another portion of fund. AK cannot push it down further unless they temper with its final financial report ending on 31December 2016.

Exactly, punters speculators and fund managers are selling out at 57 cents.

Look like oil price and Ringgit both reverse and bullish for Bumi Armada. So many bullish factors for Armada from now on. Going into explosive growth on the way.

That is why just buy now, whether 50 cents or 55 cents does not matter. All these fella only want you to sell your armada shares to them. You see the selling down values of Bumi Armada shares are so few only. Do not bother about those punters insiders and fund managers. They purposely engineered the financial reports to push down share price so that all our shares are transferred to them for maximum benefit...

No more energy...

Just buy, don't sell. Those slick fund managers and insiders only want you to sell to them so that they can get the most benefit. I buy and will hold onto them. Will not sell.

10pm to 11pm it will announce. Latest plan 1.5million barrel per day cut, Russia is on board.

Saudi Arabia gave out RM2.6billion donation. Now we all got donation from Saudi Arabia too, haha.

Saudi agrees to take big hit in oil deal, Iran agrees to freeze.

http://mobile.reuters.com/article/idUSKBN13P0JA

Yes, Armada Kraken alone, RM1billion per year, margin 23% from last financial report: RM230million earning per year. Revenue will jump up beyond RM1billion per year. By then it should be at RM1.30 above. Most probably reaching RM2 plus in 2017. Buy buy buy at any price now. Those insiders purposely push it down to scare everybody so that they collect all our shares and earn big money next year.

Exactly. All fighting until anyone cannot tahan then they surrender. Whose cash reserve has the highest amount will survive--Saudi and Russia will survive. All the rest will suffer.

It is never about OPEC fighting market share with Non-OPEC and shale industries...it is all about everybody fighting for market share for survival.

when everyone expect oil price to go up, why must they cut? Cut means less money...who are so generous with money given to other countries? Only Saudi Arabia because they donated money RM2.6billion!!! So Saudi with maximum output at 11million BPD should cut.

We would never think of the world having so much oil...so much until we cannot use up all at all...will it become like steel overcapacity?

Keep buying from 50cents to 43cents. Starting queuing tonight

If that is true, lower oil price will lead to lower share price.

It is likely that FPSOs contracts were renegotiated based on prevailing oil price. Announcement should be made earlier but these insiders could hide those information from all of us.

If 2 weeks prior financial report announcement those insiders played fair with us and did not sell, then it would not have dropped so sudden and drastic. Whether the financial report was planned in such a way or not we do not know. But the only players benefit from this crash is likely only insiders and short sellers.

Sudden drop in revenue without new projects will always trigger sudden fall in share prices due to knee jerk reaction. In addition foreign funds in Bumi Armada are also selling down at a hugh loss due to sudden ringgit depreciations has caused NTA dropping a lot. That explains why it becomes a bottomless pit.

Actually this time the real culprit is the financial report prepared by the Chief Financial Officer who has caused the report unfriendly to its share price. Airasia Tony is a good accountant who knows how to make financial report appearing good on surface. That previous guy was obviously bad on that.

Rebound coming as soon as tomorrow. Quickly buy now

No more selling...

Yeah, can buy now.

Tomorrow slapped with unusual market activity...

These fella use sum of parts to value. From this financial report, FPSO at Nigeria generated zero income with loss and doubtful debt= 20 cents valuation taken off immediately. That explains the crash in share price.

50 cents coming

FPSO Ca Rong Do from Repsol: Yinson and Bumi Armada were asked to revise bid for submission next week. Who has the lowest price for FPSO operation?

Yes, no wave. Please accept it.

Actually those insiders who knew the financial report had already started selling 2 weeks before the financial report was out (another episode of insider trading), then they gave Hong Leong Bank analyst RM1millon to publish target price of 85cents to trick retail investors buying at 70 cents. Lesson to learn is to buy after the publication of financial report. Right now those insiders who sold 2 weeks ago start buying now. So the downside is limited. However, no need to panic because we know same time next year it will be at RM1.30. Stay put. No need to sell panic caused by those insiders as they always get money from retail investors. Keep hold your shares, ignore current values....

WENG77, well said. Indeed, cleaning the account is the best way to push down the share price. We think these insiders are really smart doing that as they know profit will double in 2017 based on hard figures that do not lie. Unlikely to drop further below as this is the current fair value, unless if you argue that it should go lower due to lowest revenue and two FPSOs excluded from earnings. We know these are already past and we should look forward next quarter from now on...

Buy all the margin calls force selling! Buy buy buy!

Actually it is challenging to take this company private now because many investors are stuck at RM1.35-2.20.....AK will not increase buying price up to RM2.20. In order to secure 100% shares, AK needs higher buying price. The debt that Bumi Armada has at the moment is more than USD2billion. AK will not want to assume its debt load. The best time to privatise has not come yet.

55cents

hng33 is an experienced professional trader who knows business model of Bumi Armada....

They want to flush out weak hands ma.... Its market price is now RM3billoon company. With RM3.2billion cash earned every year for 10 years, walau!

It all depends on OPEC on 30Nov to push up oil prices. That is the only hope to increase money flowing to FPSOs. USD70 is the best. USD60 is only so so... Kraken one USD15/barrel is low enough. If you believe it will reach that, you should hold. If you cannot stomach the volatility, you should sell and get out until conditions ripe for entry.

FPSO Perdana and Perkasa not receiving any payment for work done in Algeria oil field is the main reason why it is dropping....even though we know payment could be given one lump sum in current quarter but the foreign punters are creating chaos by selling down shares. It should go back up after 6 weeks.

55 cents coming.... 55 cents

55 cents waiting...

Whether you buy at 55cents or up to 1.30, after 12 months from today, we will see that Armada will be going to RM1.30. The problem is the lowest price is either now or after 4th quarter financial results first quarter 2017. It all depends when those 4 FPSOs are getting paid for their work.

Nonexecutive directors fees paid were RM2632,000. RM2.6million paid to directors despite losing a lot of money...this is how companies in Malaysia work....they need to do more work instead of sitting there collecting money...

Panic selling, panic selling, panic selling...

Next we see what these analysts will write about Armada. Either this quarter or next quarter will be the lowest price.

Yes, it looks like OPEC deal is coming to fruition.

Armada needs 70 to be earning is CLEARLY written in the last financial report. We talk facts, NOT SIMPLY negative comments. Our brain tricks us into selecting only the comments we want to hear. That will not help in investing. Must hear both sides of comments to make investing decisions.

Armada needs 70 to be earning, not 60. They purposely target 60 so that deep sea supply will still be affected.

An honest financial analyst will produce reports on Bumi Armada after its upcoming financial results in 14 days. Whereas financial analysts who give out reports hastily while the company shares are going down or up usually have been given money to do so...