Posted by paktua73 > 2023-04-04 16:52 |

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Posted by vespa > 2023-04-04 16:56 | Report Abuse

Thanks Niki for update

Posted by Robert Waters > 2023-04-04 18:28 | Report Abuse

Today both Yinson and Armada are both up 3 sens on the crude oil price increase.
That makes 1% profit for yinson, but 5%+ for BAB.
Ah, the investments in cheap stocks. When they pay off, they do it in a BIG way.
Glad I switched.
Now, the same reward will be achieved when these companies increase earnigs by a couple of sens.

Posted by Bon888 > 2023-04-04 18:55 | Report Abuse

Jerichomy see you missed the opportunity. Hari hari come here attacking other people but didn't buy Armada.

Posted by Bon888 > 2023-04-04 20:34 | Report Abuse

Nice Niki, ^insider^ news. We have the first hand information in this forum.

Posted by MM78 > 2023-04-04 20:42 | Report Abuse

Hi Robert and the rest of the group.
I have been holding Armada since 2015 at various amounts, seen many ups and downs ( mostly downs) over the subsequent years. The last time it was beyond 80 sens was around May 2018 and when it reached the lowest price of 11 sens in March 2020 I was out of cash to buy more nor did I have the courage then. However I did not cash out at a loss despite great fears then and I am glad it is still my flagship holdings though I have cashed out some during the recent rallies to get some "dividends" Now I am ready to see it goes beyond 80 sens and maximize the returns for holding Armada for so long. My confidence in Armada is mainly derived from the long term business model of Armada, its last 4 years strong net operating cash flows ( more important than the reported profit ) hence able paying off huge bank loans plus the current MD has proven his leadership far better than his predecessor sorting out priorities and solf off the non preforming assets to raise more cash. I ask myself many times over do I dare to dream and wait till its price go beyond PE of 10 ? Is time running out due to pending potential USA induced world financial crisis? Can Armada business model stand up to the severe financial meltdown better than many other companies if and when world faced severe economic crisis ?
I have no answer for myself yet.
Nevertheless thanks to those who contributed positively to this chat groups over the years ( especially Nicki Cheong is most outstanding with fact findings and analysis ) On the other hands , it is quite frustrating to see some continues to harp doomsday sayings of Armada shares over the years in this chat group. I have seen them mostly come and gone eventually but some I suspect changed their names to reappear here again from time to time. To these group of people hopefully they can see it benefits no one except some short sellers (they themselves are ?) to scare off some of us. Let us keep our measured confidence and see better days ahead of Armada. Happy harvesting if not cruising. Bye to those who choose to stay at the ports continue shouting storms ahead.

Posted by Robert
MM78, with oil at 84 USD I expect BAB to reach 85 sens soon.
:-)

Posted by Bon888 > 2023-04-04 20:55 |

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Posted by Ravi Kumar > 2023-04-04 21:09 | Report Abuse

Break 80 then RM 1

Posted by Jerichomy > 2023-04-04 21:30 |

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Posted by Jerichomy > 2023-04-04 21:30 |

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Posted by Jerichomy > 2023-04-04 22:06 | Report Abuse

From share telegram

Follow FA... follow FA loss 90%.

Walau ..

I rather play super volatile counters, few days earn 50% - 100%.
If loss, cut loss half.. then fight again.

Posted by Jerichomy > 2023-04-04 22:23 | Report Abuse

I dare to say, ARMADA will slowly turun bukit for months.

For those dare to catch, it will be short swing or FIFO.

Best of luck in ARMADA.

Posted by Jerichomy > 2023-04-04 22:24 | Report Abuse

Abo then? Bikin cerita ke?

Posted by Jerichomy > 2023-04-04 22:35 | Report Abuse

actually I dunno much about O&G counters.

If not mistaken, Armada more to equipment and services, and company run by angmo.

But O&G counters always involved politics factors. To get big project, you must have keyman in your board of directors or management. To include such person in your team, you must giveup part of benefits.

For now, Armada looks good, but for now long? I seldom put my interest to counters with HIGH DEBT. When your business good, you can cover all the financial cost, but how about when the period not earning money?

Borrowing and financial cost will crush you down. And you know the nature of O&G business. Today shark-fin soup, tomorrow no money for bread.

I will not hold O&G counters FOR LT, except Petronas related counters.

Posted by Zhuge_Liang > 2023-04-04 23:00 |

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Posted by TanDavid88 > 2023-04-04 23:05 |

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Posted by Jerichomy > 2023-04-04 23:15 |

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Posted by Robert Waters > 2023-04-05 01:06 | Report Abuse

Very recent update from Kenanga:
All three of our Bursa-listed FPSO players, i.e. YINSON, MISC (MP; TP: RM7.50), and ARMADA, have been actively participating in international job bids, with opportunities emerging from Latin America, Asia Pacific and Africa. The FPSO space is starting to see a supply squeeze – i.e., many global FPSO players are already pre-occupied with jobs developing at hand, and hence, more recent bids have started to see very few bidders, making it very much an operator market.

Posted by Robert Waters > 2023-04-05 04:09 | Report Abuse

Gold break through to 2040 USD per ounce. Seems commodity bull cycle has started.

Posted by mf > 2023-04-05 05:46 | Report Abuse

Dow Jones

Dow Jones Industrial Average

33,402.38

-198.77

0.59%

Nasdaq

NASDAQ Composite

12,126.32

-63.12

0.51%

Posted by RISK8888 > 2023-04-05 07:36 | Report Abuse

What’s going on? The trend not been seen for the past 3 years. Fundamentals is at strongest. What’s next?

Posted by MM78 > 2023-04-05 08:22 | Report Abuse

Bon 888, thanks for sharing your opinion on the reasonable PE we should dare to aspire for Armada. Market give Yinson's current PE 13.75 (Its last 5 years median PE is 17.56) hence Armada's current PE of 5.58 is definitely unjustifiably low. I am glad market has taken notice of Armada lately ; as said my earlier "dividend" type of selling/buying has provided some cash position to hold Armada longer for full harvesting when its PE goes beyond 10. It is a challenge resisting cashing out when one sees the potential risks of world economic crisis on the horizon. On the other hand, if China can help resolve Ukraine war it would restore world economic confidence as peace in Ukraine ( a big food producing country) would reduce inflationary pressures better than interest raisings inflationary fighting measure by various countries. This would help buy time for Armada to continue reducing its financial costs with it strong net operating cash. PE of 10 or even 15 for Armada is an achievable goal for many of us then, provided its long term FPSO contracts can also be extended whenever it is due for review. Next milestone to watch is when Armada's 766 Millon accumulated loss is fully eliminated with its next 12 months profit ; it is then in the position to give some dividend since its last dividend declared in FY 2015.

Posted by Bon888 > 2023-04-05 09:26 | Report Abuse

MM87 in Dec QR report Armada Reserve already positive RM 814million.

Posted by alenac > 2023-04-05 09:30 | Report Abuse

Not possible that China can resolve the Ukraine war, China is seen as a good ally of Russia, which is the aggressor. That for one is already negative for Ukraine and the rest of the free world. Who in the right mind would accept a peace treaty from an aggressor whose intention is to annexe land belonging to someone else? The only way for the war is to stop if big bro USA and Nato decide not to finance Ukraine anymore. This will also depend on the strength of the US economy going forward. Any deep world recession will be advantageous to Russia to negotiate a better term to end the war. In conclusion, what ever played out will be more of economic than military.
"On the other hand, if China can help resolve Ukraine war it would restore world economic confidence as peace in Ukraine ( a big food producing country) would reduce inflationary pressures better than interest raisings inflationary fighting measure by various countries."

Posted by MM78 > 2023-04-05 09:48 | Report Abuse

Bon888, I cant find your mentioned reserves of RM 814 millions in the mentioned Dec Qr report ,. ( I am interested to know ) As for accumulated losses mentioned by me, it is stated on page 6 of the Dec 2022 Qr report. (UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY )

Posted by Bon888 > 2023-04-05 09:58 | Report Abuse

I'm looking at page 5. Reserve column in the Balance Sheet.

Posted by MM78 > 2023-04-05 10:06 | Report Abuse

Hi Alenac, actually Ukraine is still having good relationship with China despite China is also having good relationship with Russia. So it neutral stance is an ideal position to mediate the conflict instead of USA though the later call the shot over Ukraine on the cease fires negotiation. China has not provided any war supplies to Russia so far though USA is trying to accuse China is supporting Russia to invade Ukraine. Ukraine President is asking China President Xi to visit Ukraine in his latest public statement. USA and Nato are under pressures economically to support the long drawn war in Ukraine hence there is still hope of cease fires. Economic realities are biting hard now on both Europe and USA, they may have to stop Ukraine war sooner than later hence if there is a soft landing for all parties (especially Europe). China has the capabilities to help Ukraine rebuilding process is also attractive for Zelenskyy to accept China as neutral party. I am hopeful .

Posted by MM78 > 2023-04-05 10:15 | Report Abuse

Bon 888, yes I got it. The RM 814 millions are further broken down on page 6 which shows the big part of the surplus is due to the foreign exchange reserve of RM 1428 Millions. If I understand correctly SEC rules prohibit any company giving dividend until its accumulated losses are eliminated. I am not a finance guy and would love to learn more here. Anyone here can provide opinion please ? Thanks in advance.

Posted by MM78 > 2023-04-05 10:29 | Report Abuse

Got the answer from Chat GPT as below :
Yes, a KLSE (Kuala Lumpur Stock Exchange) listed company with positive foreign exchange gain reserves but negative accumulated losses in the equity statement can still issue dividends. The decision to issue dividends ultimately rests with the company's board of directors, who will consider a variety of factors when making the decision, including the company's financial health, cash flow, and future growth prospects.

Positive foreign exchange gain reserves can be included in a company's reserves and can be used to pay dividends. Accumulated losses, on the other hand, represent negative retained earnings, which could limit the ability of the company to pay dividends. However, as mentioned earlier, the board of directors may still decide to issue dividends if they believe it is in the best interests of the company and its shareholders, even if the company has negative accumulated earnings.

It's important to note that issuing dividends when a company has negative retained earnings or accumulated losses may be viewed as a risky move by some investors, as it may suggest that the company is prioritizing short-term shareholder interests over long-term sustainability. Therefore, companies should exercise caution and consider all relevant factors before deciding to issue dividends

Posted by Bon888 > 2023-04-05 12:00 | Report Abuse

Thanks MM78 for the clarification. Wow with the ChatGPT everyone is professional people now.

Posted by Jerichomy > 2023-04-05 13:00 |

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Posted by Jerichomy > 2023-04-05 13:11 | Report Abuse

Dah turun harga OMG

Posted by Jerichomy > 2023-04-05 13:11 | Report Abuse

Head and shoulder

Posted by 3lephAnt > 2023-04-05 15:01 | Report Abuse

T+2

Posted by chankahmun77 > 2023-04-05 17:48 | Report Abuse

Hi Bon 888 and MM78,
Companies Act 2016 says dividends can only be distributed out of profits. FX reserves are not profits.

Posted by MM78 > 2023-04-05 18:20 | Report Abuse

Hi chankahmun77,
Thanks for the clarifications. This clear up my thoughts on this matter. Chatgpt answer is incorrect then. So we may still need another good year profitability of Armada before it can reverse its accumulated losses to positive and allow the board to declare any dividend.

Posted by chankahmun77 > 2023-04-06 09:34 | Report Abuse

MM78,
Well, it is entirely up to the Board. More importantly, one needs to know that before such dividends can be made, the Board is required to assess and be satisfied that the Company will still be solvent for the coming 12 months after the distribution is made (paid). So the process is not so straight forward and the onerous in on the Board.

Posted by MM78 > 2023-04-06 16:42 | Report Abuse

Chanahmun77,
I totally agree it is not so straight forward for the board to decide dividend matter given it still have big bank loans to pay. I am more for Armada is finally allow to issue dividend once its accumulated losses /profit reserve become positive. At that juncture it may attract fund managers' interest hence may help to lift its market valuations better. I also see it is imperative for Armada continue reducing its debts given current world financial uncertainties to cut the risks of high finance costs and put itself in good position to fund next potential project without right issue. We can get some dividends sometimes through swing trades while hold our core holdings for final harvest at right PEs.

Posted by Robert Waters > 2023-04-06 18:50 | Report Abuse

Even before the discussion of the dividends here, I was of the opinion that should it be declared, I would not sell my stake, but rather use the payments for other investments. If other stakeholders think the same, this would be beneficial for the price.
Overall, considering that this company was started at 3 myr ++ and had buy recommendations about 10 years ago, it sure is disappointing for their investors. However, it paid dividend at that time, or there was expectation thereof. Lets hope expectation or possibility will become a factor soon.

Posted by Bon888 > 2023-04-07 18:45 | Report Abuse

This ability to pay dividend indirectly show that the company's earnings and cash flow are strong, debt level is healthy, and growth prospect is good. This will totally change the stock valuation.

Give 0.01 cent is good enough!

Posted by Bon888 > 2023-04-07 18:50 | Report Abuse

0.01 cent dividend just RM 59.18 million. This is peanut for Armada.

Posted by Robert Waters > 2023-04-07 21:22 | Report Abuse

Hello xxx, you have 1 new important update for ARMADA
Bumi Armada Berhad
ARMADA
Share Price 7 Day 1 Year
0.65 2.4% 53.6%
Now 20% undervalued
Over the last 90 days, the stock is up 37%.
The fair value is estimated to be RM0.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Revenue has been flat over the last 3 years. Earnings per share has grown by 77%.
For the next 3 years, revenue is forecast to decline by 1.2% per annum. Earnings is forecast to grow by 3.1% per annum over the same time period

Posted by Jerichomy > 2023-04-08 10:19 |

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Posted by Zhuge_Liang > 2023-04-08 10:45 |

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Posted by OTB > 2023-04-08 11:03 |

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Posted by Jerichomy > 2023-04-08 11:50 |

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Posted by Jerichomy > 2023-04-08 13:18 |

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Posted by TanDavid88 > 2023-04-09 11:45 |

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Posted by Jerichomy > 2023-04-09 13:11 |

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