Posted by optimuss > 2014-12-19 20:04 | Report Abuse

wakakaka

Posted by optimuss > 2014-12-19 20:04 | Report Abuse

he so old ady how can be thambi?

Posted by gohlai > 2014-12-20 09:00 | Report Abuse

he cutting loss..lol

Posted by tklim > 2014-12-20 14:52 | Report Abuse

EPF, PNB, on buying spree despite HB sells off ....Interesting

http://klse.i3investor.com/servlets/stk/announce/5210.jsp


Investment Bankers TP is on track..Pointing North......Bullish.....Interesting...

http://klse.i3investor.com/servlets/stk/pt/5210.jsp



The company's fundamentals and Oil price set to rebound to USD 90 next year......could be the reason Institution Buying Armada shares......

Posted by 86868 > 2014-12-20 22:59 | Report Abuse

Bumi Armada - Stable Performance
Author: PublicInvest | Publish date: Mon, 15 Dec 12:00

We remain positive on Bumi Armada (BAB), considering its major FPSO business to be less affected by oil price from its firm long -term contracts, secured with orderbook backlog of RM23.4bn, coupled with additional RM12.0bn optional extension to reaffirm earnings. Whilst the broader market is plagued by softening oil price thus potential slowdown of E&P capital expenditures, we believe BAB is well positioned to continue reaping strong cashflows from their existing portfolio amid bidding for ongoing FPSO projects. We thus maintain our Outperform recommendation with TP of RM1.77 derived from our DCF approach.

FPSO. The Group is in the process of bidding for 4 major projects in Ghana, Nigeria, Namibia and Angola which is expected to be announced between now and February. They will also be involved with 9 new bids in the Asia and Atlantic Corridor regions. Aside from orderbook replenishment, some projects such as the Armada Claire have achieved its first oil c.35,000bbl/day, while the Armada Sterling II is targeted for first oil at the C7 Field by end December to mid-January reiterating the Group’s execution abilities.

OSV. Utilization is expected to continue improving with 3Q utilization at c.74% largely attributed to new vessels but offset by lower contribution by the Class B vessels. The Group’s ongoing fleet renewal programme has 3 Class B vessels disposed and earmarked 7 vessels as held for sale.

T&I. Revenue will be driven by higher activities from the LukOil project with additional operations and maintenance (O&M) activities for the Armada Installer.

Hassan Basma’s departure was a surprise, but did little to hamper its stock price post-announcement despite his departure being viewed negatively for BAB. Hassan has been a key figure to BAB’s growth and development, especially in securing 2 of the Group’s largest contracts – Kraken and 1506. Due to family reasons we understand he has requested for early release from his employment contract, but will stay on as a consultant to the Group until mid-2016. Albeit this, we reiterate that BAB has already secured long-term contracts which will continue to sustain its performance while waiting for a new CEO’s appointment.

OUTPERFORM, with TP of RM1.77 derived from DCF valuation which we believe is reasonable considering the Group’s growth plans and potential in the FPSO space. We believe FPSOs are a safe haven as oil producers look more closely at economic viability of oil production therefore any potential shortfall of the Group’s other segments should be cushioned by the growth from FPSO.

Source: PublicInvest Research - 15 Dec 2014

Posted by hankc > 2014-12-21 00:51 | Report Abuse

All analysts are doing AK's biddings. Unlike the old Armada, this one has taken on so much more debt. AK is not seeing any value in this company.

Posted by 86868 > 2014-12-21 10:09 | Report Abuse

Why EPF and PNB increase stake?...Undervalue?...Bumi Armada sealed US$1.2bn Madura FPSO contract...New Projects that will boost future earnings?....Oil Price stable?........Market talk other institution also buying...

Investment Bankers average TP is 3.06......So far so good....

Posted by DickyMe > 2014-12-21 13:54 | Report Abuse

"optimuss he so old ady how can be thambi?

19/12/2014 20:04 "

===============================================

Yes! you are right! Today's generation have no respect for old folks and they are rude to the core. I don't blame them because they are brought up maids, ustazs or tuition teachers while their parents busy "making money" to bring up these BRATS.

Posted by optimuss > 2014-12-21 14:02 | Report Abuse

Dickyme. The new gen shocked me with their arrogance. Rude. Overconfidence n above all. Their low IQ n EQ. Virtually no analytical skill beside being a parrot.

their brain r programmed to react. Not response. Good brain response. Bad brain react
think abt it.

Posted by DickyMe > 2014-12-21 14:13 | Report Abuse

Precisely!

Posted by ogt8989 > 2014-12-22 14:24 | Report Abuse

Will KLSE let him delist / relist as he wish? KLSE is not own by AK. KLSE.
AK is old (78?). Can he wait for armada relist again?
His son / daughter are not working his business.
AK give cash to son/daughter and retire is a best choice for him.
Armada have fundamental problem and oil and gas market is bad.
Armada problem is CEO too aggressive but his trusted team are not capable to delivery.
OSV and T&I sector suffer from Russian and Africa. Profit keep drop and loss
New oil field service, marginal field division did make any business.
FPSO sector have too many problem, poor engineering design, project management mistake, delay, cost overrun.
CEO disappointed by his trusted team repeatedly. In the end CEO have to step down.
All this make AK to exit armada.
Today , cash is king.
AK is a so clever guy. You think he will spend money to take over rest of share in high price?
No, He just cash out and plan to retire and give cash to his son/daughter.
Its time for AK to enjoy retirement life.

Armada no hope.

Posted by ogt8989 > 2014-12-22 14:25 | Report Abuse

Armada is fundamental problem. CEO knew it therefore left.
armada stuck so deep in Russian luk oil. in Caspian sea area.
its T&I, OSV all in deep shit suffer huge risk. Russian !

Armada oil field service , marinal field sector didt get a single job after three year. just burn $
with PETRONAS cut capex, all die

FPSO projects full of problem, delay and cost over run,
example Armada Claire,
now Cluster 7 in deep shit cant hock up turret subsea damaged during installation.
fall of hidden problem. its design problem again like what happened on armada claire earlier this year.

that is why CEO choose to step down,
good time over.

CEO and AK much clever than you guy rugi wang on armada
you wil never able to recover your loss in this counter.

cleaver is keep away like CEO