Rohank it would help if you get up to speed with Finance 101.

Rohank. NPV as you know is a discounting mechanism. It discounts free cashflow from the future to present. Every year’s projected free cashflow is discounted to the present. So from my basic calc say discount rate 14 or 15% ( this can be determined with assumptions) you discount each year to the present. You could take 5 yrs or 10 yrs to discount plus terminal rate. Generally 10 yrs plus terminal rate. Hope this helps. Here in Malaysia one cannot predict 3 yrs in to the future so it becomes quite academic . This works well with large companies with steady cashflow and durable with few surprises.

Thanks DestinyL that was helpful.

This is just info and not to troll Armada's prospects with Kraken. I think this has already been baked in the price. Labour is expected to form the next govt

https://www.express.co.uk/news/uk/1886712/hueg-new-north-sea-oil-field-drilling

I am out but still will keep track of Armada and buy in only severe dips for the sole reason I think AK may just take it private for his upstream business. O & G stocks in the North Sea are being hammered due to the incoming Labour govt ( way ahead in the polls ). Policies are anti fossil fuels ;;;
Headlines Labour energy policies already impacting North Sea business
Labour's proposed ban on award new North Sea oil and gas licences has already spooked producers. UK Labour Plans £1.2 Billion Windfall Tax on Oil & Gas Giants.
I am sure some are already aware of this. This could probably be Armada's halting share price progress.

Calvin you have helped many with your invetsment ideas thanks

True, Ministers are not held accountable and can waffle through their teeth but WCE has made no comments on lateness except Section 7 b is being redesigned and no expected completion date.

If not for management selling it would have taken off.....tightly held winner

spot on Mr Waters...recall Mike Lim an avid Armada supporter , he got out at about these prices and drove into YTL Power early this year at about RM 2.30 ( if my memory serves me right). Armada has done squat since then. Eventually it would move up I suppose

I sold out the balance yesterday...Armada to me was like the curate's egg

speakup...if not for PH the country would be in ruins, we need to harness the resources of the rakyat to better the country.

Bitgold that is a surprise

Exactly Nepo, nothing in the qtrly has said what the Minister has stated that completion would be March 2026.

sobering thought

I doubt we are disputing the prospects but these have not changed over the year.

UOB may just have hit on the head for short term investors. Reality check perhaps.

yes!

Declining future free cashflows requires another job to bump up valuation or alternatively AK/UT and co offer to take it private at a premium as these guys play it close to their chest. Never discount that.

About its shortest media release in its recent past, maybe something good afoot at
the AGM.

Tanjong Karang-Assam Jawa section of West Coast Expressway ready in March 2026, says Nanta
https://theedgemalaysia.com/node/711914

for guys who do numbers rather that emotions here is the RAM article ( a bit dated ) Dec 2023 https://www.ram.com.my/pressrelease/?prviewid=6528

If tolling revenue is not too far off Choivo's assessment cashflow ( broadly speaking ) perhaps there is something to salvage but section 7 has become the archilles heel.

Not altogether true Sonnia. In actual fact it has dug itself out of a hole of its own making but it has not crawled out of it as yet. I have been there since 2012 ( in the hole) and holy cow the price I have paid ( or been paying ) since then. Management info is just lipservice ; fodder for the plebs.

Smart investors know when it is time to invest and there are others who are longer term investors with surplus cash who wait it out.

WCE's highway construction execution has been poor....this a much longer term investment.

Maybank and Kenanga have structured call warants at ex price of 65 ( Jan 25 ) and 68 ( April 25) respectively and both on ex ratio 1. This is a slight hike from the 50 to 60 range. KLSE does not have big enough competing funds to challenge local institutions unlike other bourses; so odds stacked againt retailers.

Armada ought to review management's LTIP based on price of the stock...pathetic price action.

Cheers Niki and as Robert said an indicment of management's sloppiness

Decorum chaps

Fingers crossed

Indeed, falling in love with a stock is a probable investment tragedy....some of us just do not have an insurance float or wherewithal like WB to be longer term investors..

AGM Thursday, 30 May 2024

if this true then then WCE has incompetent geotechnical consultants. What a load of cobblers

good point! but there is enough to do both if management is clued in. This not a growth company but a mature one.

https://www.marketscreener.com

Dividend per Share - - - - - 2024 div 0.0350 2025 div 0.0173 2026 div 0.0390
Market screener has 12 analysts following the stock and this is what it says. DYOR to be sure

The last divided paid I suspect was in 2015 but since then none but hopefully it would be revived

He ought to know we expect a dividend of 5 to 6 % yield considering the healthy cashflow. Am sure he is a guy after my own heart.

net short now at 11mil ; encouraging

hope you are right pal, only real positive is the cashflow yield for now

we have a dud in our portfolio

In the shorter term, in the absence of growth, Bumi ought to declare a dividend to reward shareholders for their enduring patience

Investors have little stock in promises

Fat paypacket and promises

If Greedy Gary pulls a rabbit out of the proverbial bag the upside would be sweet

There are call warrants from April to Oct ( except Aug) all at exercise prices ranging from 53 to 60 sen...

Hi Nepo maybe in the short term it does not look good...it is a longer term investment

Indeed Mr Waters!

The "kick" is in the terminal valuation in the DCF model. A growing company would have a higher valuation. That is why Yinson's valuation is streets ahead