Now China company is willing to inject RM1 per share, that is a beautiful story to trick retail investors to buy all Perwaja shares at very high price. China company sell shares,Pheng Chin Guan and Pheng Yin Wah sell shares,Abdul Sahid sell shares, selling Perwaja until zero shares, all debt transferred to retail investors, by then agreement terminated, Perwaja plans abandoned, running away fast fast!!!

Perwaja is net worth negative rm1. For every share you buy at 30cents, you owe RM1 debt, enjoying RM1.30 price for each share, with zero profit until March2017.

Par value of RM1 of Perwaja to be reduced to 5 cents. Share base is increased multifold...Assing rm1 per share,0.05 after exercise, share numbers will be increased multifold...This is utterly as crazy as China Share market crash...As crazy as China share market 50% counter suspend trading...this is really crazy.

Suspicious! Suspicious! Suspicious! A China company willing to inject billions of ringgit into Perwaja but refused to take over Perwaja....Suspicious! Suspicious! Suspicious!

All the cancelled oil and gas projects...they are not coming now at oil price crashing down now due to USD.

No, lots of negative effects adding up on O&G now...rebound takes 1-2 years, or longer....

Mistake, rm1.85 should be the real 52 weeks peak price. At oil price USD100.

Armada's 52 weeks' high of rm3.70=2lots becomes 4lots=rm1.35 per lot. At RM1.22, it is still very expensive.

The dealers are earning millions of ringgit by trapping retail investors money for big sharks to earn free money.

My neighbor said many punters pay money to share market dealers to create false uptrend to trap retail investors money and so to get big sharks free money. Many retail investors get cheated in the process

Retail investors are like ikan bilis, always kena makan by big sharks, but still in delusion about 30% to 50% gain. Big jokes!

When retail investors are too happy, it will come down...now time to sell and exit.

Severe resistance at 1.02, support at 1.00 becomes weaker and weaker. Accidents dropping below 1.00 will trigger all retail investors to cut loss and pushing it deeper below 1.00.

Everyday drop 1 cent, see you can tahan or not?

Everyday drop 1 cent, see you can tahan or not?

Seems like the worst is yet to come.

I have said long time Kinstel needs to bankrupt perwaja. At least this is the good move I want. Pheng Chin Guan and Pheng Yin Wah has wasted a lot of time and money on perwaja. It is time to sell and move on.

I am familiar with EPF trading. No need to predict one answer on selling. It can be both.

Let us watch Armada's new accounting impact on its upcoming share price and earning... This C7 mooring system is already old news already.

Today's KLCI market action has already shown a massive return of foreign fund managers' money pouring into local stock market. Therefore, we will just need to keep our money into local oil and gas company and ride on the coming uptrend mode. Enjoy your profits!

Another most "Dun Tai" behaviour of Hassan is also the fact that he sold Armada shares at 1.08, but after that Armada had jumped up to 1.20-1.25...Hassan is really the most " Dun Tai" CEO I have seen in my life!

Hassan is the most "Dun Tai' CEO I have seen, he will be the champion of "Dun Tai" CEO of 2014, being kicked out by punters due to his margin calls from Armada shares puntering. Obviously the punters had designed such strategies to kick out Hassan. Hassan lost in the battle against power control in Armada management. Indeed I also will not support Hassan in the management in view that he is such "Dun Tai" in puntering his own Armada shares, by cutting down his 12 million Armada shares owned into only few million? That is the most "Dun Tai" behaviour I have seen!

Just ignore few punters who are speaking same unsubstantiated statements over and over again. From technical perspective, there is only one way to go up for oil and gas stock until it hits the highest price for first quarter. Oil is getting strong support at the moment due to extreme buying from China and US and some big economies governments. Current severe cold weather at some hemispheres has already led to massive drop in oil production activities. Coupled with cold weathers in advanced countries that requires heating from oil consumptions. All these you will never get the news from common news portals that are manipulated by the oil punters and capitalists' punters. If any of you are from oil and gas insiders, you will know what I say.

For those who miss this rally, do not worry, armada will fall lower after this, as soon as oil hit USD 40. It should stay at USD40 for 1 month or so...

We are beginning to witness the disconnection between its share price and oil price, which reflects trading nature of share price without considering their fundamentals. As we all witness, big fund punters have already held enough shares at 1.05-1.07 base costs. By pushing it up drastically after accumulating at 1.05-1.11, next Monday will be best time to take profit at 1.20. Will it resume climb above 1.20? We can sell half, hold half, and watch.

Look like big fund big punter is supporting Armada at 1.05. They need to unload their shares to retail investors before oil price crashing down to USD40.

Good to hear that Pheng Chin Guan and Pheng Yin Wah are quiting Perwaja. New shareholder might join Perwaja anytime. Let us watch.

Good to hear that Pheng Chin Guan and Pheng Yin Wah are quiting Perwaja. New shareholder might join Perwaja anytime. Let us watch.

Just trading on oil price. EPF always puntering all the counters. EPF always buy sell buy sell.

Well, just trading on oil price, nothing relates to what bad news hidden CEI running bla bla bla.....

Hassan is the most "Dun Tai" CEO I have ever seen. He is such a useless trader of Armada shares. He sold at 1.08 but Armada jumps to 1.21. Most "Dun Tai" CEO of 2014 belongs to Hassan.

Hassan is a "Dun Tai" trader. Obviously Hassan can do business, but cannot trade shares.

Hassan is such a lousy trader. With such "Dun Tai" CEO sitting on the board room definitely I am scared. However, technically wise I am on the right track.

Hassan is the most "Dun Tai" CEO I have seen. Still very "Dun Tai" by selling armada at 1.08.

This rebound rally is not going to sustain. Sell fast.

The news of taking over is a lie.

Hassan is the most "Dun Tai" CEO I have seen. Force sell shares at margin calls.

Hassan is the most "Dun Tai" CEO I have seen so far. Being kicked out by short sellers.

Heavy resistance at 1.05

Wintane has his points. I saw that in financial statements.

Perwaja has become too big to fail

Perwaja has become too big to fail.

I agree with aliyusof.

Only after perwaja bankrupt, Kinstel can then start anew. Liquidate perwaja assets for fresh cash. Start anew.

Monday suspend trading, close at 16 cents. After few weeks, resume trading, if perwaja bankrupt, Kinstel may drop to 9 cents. However, I support perwaja bankrupt, then Kinstel can liquidate its assets as major creditor for perwaja. Kinstel might be guarantor for some of perwaja's debt, but Kinstel can manipulate laws and refuse to pay back.

Monday already suspend trading... Please note.

Most likely Pheng Yin Wah is arguing with auditors to increase valuation of fixed asset values.

No, it will not be like MAS. Don't compare apple and eggs. MAS shares are owned by government, whereas perwaja is owned zero by government, EPF and GLC/GLFunds.

Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC Madura Limited (HCML) have agreed to delay the signing of an FPSO contract for Madura BD field off Indonesia. 
The companies have signed a Letter of Intent in August 2014 according to which Bumi Armada would deliver a floating, production, storage and offloading (FPSO) vessel to Husky-CNOOC for use on the Madura BD field, offshore Indonesia. The vessel would be used for a fixed period of ten years at a contract value of USD 1.18 billion. The letter also included options for five annual extensions worth an aggregate value of USD 147 million, if the options are fully exercised by HCML.

Bumi Armada has now informed that HCML has, via a letter dated October 31, 2014, agreed to extend the period for the signing of the Contract until November 6, 2014.

According to Bumi Armada's statement, the purpose of the extension is to enable the companies to finalize the required clarifications.

This is the second delay in signing of the contract, the first one was announced on October 14, 2014.

The trader who pushed Armada down that day was EPF fund manager