BOD of Armada is poor in capital management.With such high consistent earnings and having so aggressively paid down bank borrowings to now a very comfortable level,, it is high time they consider paying dividends to sustain a higher share price. For a start 3 cents dividend is not generous as it will amount to a payout of 25% of earnings. Share price will definitely strengthen and 1.00 is not impossible as dividend yield would just be 3.3%

just ridiculous BA still below its 52 week high when even the once highly indebted Perdana is 2.5x higher from 0.20 to 0.50 in the same period. With net earnings of 0.13-0.16 annually, in 3 years time its net asset value will be as high as its share price.

There is not going to be a problem from 29.5% owner Waldorf..EnQuest which holds 70,5% can easily pick up any shortfall as it has just struck 2 huge oilfields in Bressay and Bentley .Just buy low now and sell at 0.68

https://www.telegraph.co.uk/business/2024/04/09/biggest-north-sea-oil-find-in-decades-drilled-first-time/

UK EnQuest 's Bressay new oil discovery of up to 600m barrels of oil so near to Kraken that it is conceivable that Armada's kraken FPSO may be engaged to process and export its newfound oil

chart is all clear for a upward thrust to cover gap at 63.5 and thereafter to test resistance at 68

Can anyone explain why PMetal with higher number of shares and lower profits than YTLP can command a higher PE multiple and therefore higher price by over 1.00.

once the ukraine war is over there will be tremendous claw back of provision made last quarter to boost the bottom line to a record profit and free cashflow.Share price will break up above 63c

who throw 19.6 million shares at 3.35. I wonder why

Agree TSH is a damn good buy at 1.04 +-. Just spread out your buying to achieve cost averaging. At this price it is better than buy land and do your own planting.Eventual price between the levels of KMLoomg and HSPlant

Most boring stock.Share price flat for almost 2 years now.Dividend meagre despite so much cash balance after all the new investment spending.No wonder seeing a lot of selling from institutional holders. who canot afford portfolio to show no gain. All the hype for nothing

The route alignment of WCE from the north to the south up to Banting and thereafter by FR32 to KLIA is superior as the distance and toll charges are expected to be lower compared to present travelling into and out of KLIA involve different tolled higways with separate charges. Motorists travelling on WCE will also experience saving from the non-tolled stretch fron Tanjung Karang to Hutan melintang

Plus was bought by the GOM and sold to EPF and Khazanah for 23B in 2011.By 2020 there were three bidders of as high as 30B to takeover Plus highways. WCE highway when ready competes directly with Plus for destinations in the north and enjoy advantages of being relatively flat which will appeal to commercial traffic for fewer wear and tear losses and passing through and closeby many towns and villages which will be attractive to motorists and holiday seekers .It is highly conceivable that WCE will be a takeover target to have all highways under the same roof to harmonise toll rates and reduce competition and cannibalisation

so far these additional investments is taking up to a maximum of 200M .There is still 200M for additional dividend which for a 10c payout is only 100M ,still leave 100M for working capital and loan reduction

It will increase the attractiveness of holding MFCB if it makes 3 dividend payments a year of 3c x2,final 4c for a total of 10c or 100m which is less than 30% of the company's annual free cashlow

MFCB flat for over 1 year without any gain in price.Company needs to pay more interim dividend to staunch the flow of selling from disillusioned holders.It is bad capital management to keep too much cash when it could be used to placate long term holders and attract new institutional funds

BOD should hold the managers responsible for unfit contractors who failed to complete their jobs causing delay like the C.Jering stretch to Beruas

The project strategy is also wrong in that the most important aspect should be to finish the front and the end stretch first which is the Changkat Jering to Beruas stetch so that southbound traffic can get into the highway to use the BERUAS,LEKIR,TELUK INTAN toll and the Banting side to rope in northbound traffic which is plentiful on SKVE,ELITE,KESAS.Instead , the highly paid managers completed the middle sections but no traffic coming in from the front and the back.

The management deserve a penalty for so much delay in the construction and causing so much delay which is costing the company in loan interest. Start by replacing the most senior members and bring in the China contractors who will finish up in half the time that it takes the locals to do.

Expect a net profit of 4%-6% on the oleocchemicals ,oils and fats business of up to 3B revenue or a contribution of 120M-150M to its bottomline. This can be seen from KLK's of 10.8B revenue and a profit 0f 680M. Even smallish CI Holdings able to do 3B business with a profit 0f 120M

The poor decision not to pay a higher dividend cause the share price to keep sliding owing to relentless selling from unhappy shareholders.The loss in share value for everyone especially the major shareholders is higher like cutting the nose to spike the face

Pay peanuts for dividend beget peanut size PER of under 10X, hurting shareholders value.

More shareholders are dumping ,disillusioned the hefty cashflow from the power business is not used to pay more dividends.

MFCB's stake in this Emery purchase is only 50% but why is it willing to guarantee the entire debt of Emery of 250M? smells of a rotten deal or is the owner of the other 50% connected to MFCB? If not, it would be better for the share price if MFCB pays a higher dividend instead of a paltry 3.25c when the earnings is 9.2c

IJM's holding is over 33% basing on issued shares but will be under 28% on fully diluted enlarged capital fron conversion of all PA shares.No trigger

OPCOM owns 70% of Opcom Cables Sdn Bhd. Is the partner Ericssons as Opcoms has 2 swedish directors, one is representing ENT (Ericsson Network Technologies,Sweden

Plant is in Laos buy buyer of energy is Cambodia

energy stocks worldwide enjoy higher per like 20-30 in usa.Those in klse are 8-12 .There is no tangible reason for such low per especially since energy stocks have predictable long-term earnings and MFCB in particular should fetch a premium .Imagine just doubling the per can double the market price.The earnings quality of mfcb should be better than the best tech stocks whose earnings are cyclical depending on supply and demand buy yet are all selling at per of above 50

Thank you pjseow. GNK is a visionary entreprenuer, already thinking ahead what value adding business can he build with the yearly substantial cashflow that is coming in from the power business.The other priority is how to expand the PE multiple for MFCB and adding new busiinesses is one of the ways to break out of the low PER for energy stocks

Who attended EGM can you confirm GNK is planning to use 200m every year from recurring 400m cashflow from Don Sahong to invest in new businesses which starts with Stenta buy and a IT manufacturing outfit similar to Pentamaster

MFCB is making a very good buy in Stenta at EV/EBIDTA of 7.1 In 2018 Scientex bought Klang Hock Plastics for 190 M at a cost of EV/EBIDTA of 8.44

What a smart MD we have in MFCB.Buying Stenta and combining it with its existing packaging business will make the unit more valuable than MUDA HoLDINGS which has a market capitalisation of 850 million.It means this deal can spin up a market value of almost 2.00 per share to MFCB

Net profit likely to range between 450-500m in the next 2 years and eps increase to 45-50 cents which should sustain a share price of 4.50-5.00 on a split basis

MFCB balance sheet is not complicated and easy to decipher.Last year its operation generated 290+m of which it had used 88m to reduce debt and 190m to settle power plant construction costs.This year it will have this 190m to reduce a greater amount of debt or use part to pay more dividend.Just 50m will pay another 10cents of dividend which will increase dividend rate to 26 cents.A combination of higher dividend and lower outstanding debt is bullish for its share price

MD bought 200,000 at 7.60 and 305,000 at 7.20. Why do people fear and sell at below 7.00.
after split in june,share price is easier to reach 4.00 which will be equivalent to 8.00

I believe those are still under construction.Expected completion end of the year

Stockup8,isn't the highway already opened in a few sections ? what di you mean officially open?

Can see terang terang buying and accumulating at 0.48. give it 30% margin we are looking at over 0.60 soon

Break 49 will see next resistance at 56 and 60.If privitisation it is likely to be between 80-90

MFCB not on LSS4 list.Jaks got 50MW

IB recommend sell giving a target price of 0.69 on purpose bc they want to collect cheap knowing the QL group is willing to buy 0.95under a general offer. This stock may be the cheapest solar EPCC player in KLSE and now majority controlled by QL is definitely going higher. Its share price bucked today's poor market sentiment is telling.

MFCB's MD bought 200,000 shares on 1st march from open market giving the company a strong endorsement of confidence.This should signal a bottom in the company's share price

RJ87, MFCB paid 190m towards project costs which is the balance of works done for completion of the power plant in addition to being able to reduce bank borrowings by 88m.This 190m will be replenished by new cash flow from energy sales which is thus available to reduce bank borrowings as well as payment for a higher dividend payment.

To arrest the price slide,may be the company should agree to pay a special dividend of another 0.06 per share to make it attractive for institutional holders. It is not good capital management to keep too much cash reserves which is going to be replenished regularly from the cash cow power plant

By not announcing a dividend of at least 0.10 which ia a mere 20m more, the loss in market caoitalisation is a whopping 300m.

John, you hit the nail on the spot.The share price is moving up to justify the proposed takover price which may be in the region of 0.70s-0.80s

Why do the two largest shareholders decided to convert their PA shares to ordinary shares just days apart if they did not expect some corporate activity coming up which are positive for the share price? Could it be the the highway trust proposal that may take over the highway for a sum that is a substantial premium over existing traded price

I have used the highway and it is smooth all the way until the stretch from Beruas to Changkat Jering by the old federal road which is narrow and winding.So if this stretch which is covered by section 11 could be completed earlier, most of the traffic can already use WCE from and to the north.That would mean higher toll collection while waiting for the whole highway to be completed

Choivo, don't you agree that the company should concentrate on completing section 11 first so that commercial and other traffic from Penang can get into the highway breathing life into the s10,9, 8 which are already completed and can collect toll.From there they can use the existing FR5 all the way to Ports Klang and Wesport.As it is ,s11 is the bottleneck

Just a bonus issue or may be a successful solar tender will lift the price past 9.00.Hang on guys