people trying to cabut since there's less spending on mega-projects by Middle Eastern governments now...

king kong and godzilla? now you wonder who's childish :)

do you want to throw your peas at taciturn as well? :D

@jj - this IS Vincent Leaw's grandpapa's company, you know ;)

haha maybe AhMoi should buy AK's stake ;)

*chirpchirp*

now where is this CIMB analyst? lol

all O&G players are highly leveraged...

kee1985 - by then privatise already (again) hee... Barmada was hugely disappointing the first time round, due to the privatisation by certain parties at a perceived very low valuation

its not easy to frack the frackers unless oil hits US$50 per barrel... i think they are more keen to frack Russia and Iran ;)

fuuuyoh

Madura deadline is today kan?

wow so EPF is selling high... who would have thought? brilliant strategy, brilliant.

http://www.theedgemarkets.com/sg/article/ezra-kept-%E2%80%98hold%E2%80%99-fair-value-slashed-77-cents-ocbc

so it's Bumi Karmada now eh ;)

Saudis can take US$25 per barrel leh, i heard... If oil drops to that level though, it will be war with Iran, Russia and Venuzuela... maybe Putin will place missiles on Venezeula this time ;)

as scary as the Ring eh ;)

cash flow and balance sheet (considerable debt) for Perisai and EZRA aka EMAS look a little flimsy to me... and Perisai still has some idle assets that will struggle to get contracts in this operating environment. Assets are a little too diversified and eclectic for my liking... just my dua sen.

@Ring - well said, well said. methinks there is a concerted effort by the Yankees to bring down some 'unfriendly' economies as well in Russia, Iran and Venezuela...

@fong7 - joker la you! :P

eh, good story tellers with a good command of english are not cheap to hire. they would much rather be lawyers or consultants... ;)

bloken engrish is much cheaper to hire - their time is cheap, so they can track price changes over donkey years and repeat stock phrases for peanuts...

(its a trap...)

now everybody can die...

good luck at the open

so many OSV providers these days they are almost operating like car rental companies :P

that's the word. Tan Sri Chen's other businesses are all bleeding rather badly...

looks like a false breakout used as an exit plan for some...

quek quek quek - all quek counters have problem now

alamak

haha at least have ALAMak for company now.

or is it a kucing mati?

@kuah - i think too late to chase already lah; risk/reward not worth it anymore.

i'm kicking myself - should have bought at .20 haha ;)

really bad timing la, AK - entering the O&G market at its peak :|

looks like jack off more than jack up...

sold all at 0.30... see you next time LCTH!

bipolar disorder ka? ;)

investors have poor memories and have forgotten what AK did many moons ago... ;)

AhMoi, good morning to you too and i wish you all the best, but i am resisting temptation to touch Bumi due to the AK factor... all his IPOs seem to have the same story written on them.

Methinks the elephant in the room is AK's propensity to privatise at low prices, and re-list at lofty valuations

iphone 4, i believe he is saying that both LCTH and the mother company on SGX are cash-rich companies, and that LCTH has cash of 21 cents per share, and NAPS of 50 cents.

That's all ;)

they only have 5 or 6 FPSOs la... so, for an impartial observes (i.e. yours truly), one contract is very significant, especially when your rig costs billions of capex (i.e. debt)

just my 2 cents - don't flame me please.

out of steam liao - again

Look at the PE ratios and stock performance of the leading FPSO players - SBM and BW chiefly... there are some big clues as to where Armada is heading.

no bigger taikor than AK... just sayin' ;)

what happened here??

my only worry is that they will use it to bail out Karambunai - that is one crappy business, if i may be honest

tainted by Karambunai...

many people stuck holding the shares of a toilet bowl maker, instead of the promised oil & gas company...

back to toilet bowl maker...

@nemesis - wah you hire bomoh is it...

is it correct to say that the proposed special dividend will be subjected to taxes? and isn't this a stupid way to give more money to the government than necessary?

just venturing a guess - if they have to raise debt, then its a slap in the face for shareholders (and bondholders) if they are still seen to be using money 'whimsically' by buying back shares..

@oasischeah - point taken, thanks

@oasischeah - care to clarify please? do you mean that the bonds will not be attractive enough to potential subscribers? or that existing shareholders will not be looking at the potential new shares created?