Posted by Jerichomy > 2023-04-22 13:13 | Report Abuse

Selamat hari raya armada holders

Posted by Jerichomy > 2023-04-22 13:14 |

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Posted by Jerichomy > 2023-04-22 13:16 |

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Posted by Jerichomy > 2023-04-22 13:19 |

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Posted by TanDavid88 > 2023-04-22 17:35 |

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Posted by Jerichomy > 2023-04-22 20:13 |

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Posted by TanDavid88 > 2023-04-22 21:38 |

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

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Posted by Robert Waters > 2023-04-22 22:31 | Report Abuse

Eid Mubarak or Salamat Hari Raya
:-)

Posted by Jerichomy > 2023-04-23 07:00 |

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Posted by Jerichomy > 2023-04-23 09:52 | Report Abuse

prudentinvestor
2,665 posts
Posted by prudentinvestor > 1 month ago | Report Abuse
@happyking85, several investment banks have recently come out with buy/hold calls on MRCB, RHB-OSK with a buy call with TP of 45 sen, Kenanga and HLG with hold calls with TPs of 34 sen and 37 sen respectively. Do you think these investments banks are out to deceive people to buy?


happyking95
72 posts
Posted by happyking95 > 1 month ago | Report Abuse
actually u really trust their TP 100%? if we dont buy, then how are they gonna sell?

Posted by Jerichomy > 2023-04-23 23:03 |

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Posted by Robert Waters > 2023-04-24 23:57 | Report Abuse

Let's start another week. Something tells me that it will be a good one. We are long overdue for some positive news.

Posted by Jerichomy > 2023-04-25 06:27 |

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Posted by Jerichomy > 2023-04-25 15:07 |

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Posted by serpent100 > 2023-04-25 19:17 | Report Abuse

The Board of Bumi Armada Berhad (“Bumi Armada”) announces that its wholly owned subsidiary, Armada Balnaves Pte Ltd (“ABPL”), has completed the sale of the Armada Claire FPSO (“Armada Claire”).



The Armada Claire sale was on an “as is where is” basis, at a sale price of US$20 million. The sale proceeds were received by ABPL on 19 April 2023.



The Bumi Armada Group will recognise a gain on sale of the Armada Claire of approximately US$12 million in its second quarter financial results. Proceeds from the sale, net of transactions fees, will be applied towards a reduction of Bumi Armada Group’s corporate debt.



None of the Directors, and/or major shareholders of Bumi Armada and/or persons connected with them have any interest, either direct or indirect, in the transaction.

Posted by RISK8888 > 2023-04-25 19:17 | Report Abuse

Armada Claire sudah jual

Posted by nikicheong > 2023-04-25 19:19 | Report Abuse

Armada Claire sale completed for USD20m. I posted a few weeks back that anything above USD20m would be a bonus, I guess we've just missed the threshold but still on the upper side of a satisfactory sale price.

Gain on disposal of USD12m (approx RM54m).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3346652

Posted by serpent100 > 2023-04-25 20:33 | Report Abuse

Don’t hv dividend….zzz

Posted by RISK8888 > 2023-04-25 21:44 | Report Abuse

I guess divd possible start in 2024.

Posted by Bon888 > 2023-04-25 21:51 | Report Abuse

One more quarter profit record already have ability to pay dividend. Subject to big bosses approval.

Armada Claire finally sold, this ship drag share price performance for many years. Closed the old chapter and move on to new chapter!

Posted by winmal > 2023-04-25 22:48 | Report Abuse

should save Armada to keep & maintain Armada Clair even there is not contract. finally Armads Clair manage to disposal. welldone

Posted by Bon888 > 2023-04-25 22:52 | Report Abuse

Maintain this haunted ship is not easy better sell it for cash and invest else way. I remember this ship was proposed for India ONCG project but rejected. ONCG decided to build a new ship instead.

Posted by abcb > 2023-04-25 23:22 | Report Abuse

Gap up tomorrow

Posted by Nepo > 2023-04-26 07:54 | Report Abuse

A nice YouTube regarding Armada to share with you:-
https://www.youtube.com/watch?v=5JxPqhP9Pe4&t=48s

Posted by zonefinder > 2023-04-26 10:30 | Report Abuse

Don't get hung up over dividends..not when it's still has heavy debt issue. Also need to build up cash reserves for potential projects. Reduction of former and wins more crucial..

Posted by 3lephAnt > 2023-04-26 10:55 | Report Abuse

It's a sell on news day

Posted by Colin01 > 2023-04-26 12:38 | Report Abuse

Otb and otb macai selling? Hahahaha

Posted by Robert Waters > 2023-04-26 16:03 | Report Abuse

Looks like insiders were in the know and bought in anticipation of news release last week, driving the price up. Did not make much profit as there was no gap up. It was 'Investorking' (may he reign in peace) that supported the operator controlling price theory being always ahead of us, small investors.

From my long armada experience, there is usually a drop following good news, but then it regains lost value in a few days. So let us hope for a good end of week. It is all in line with BAB tough love that longs has been received, but better times ahead of us.

Posted by nikicheong > 2023-04-26 16:05 | Report Abuse

Does anyone have access to CIMB or UOB reports? Did they publish any "update" today? If yes, appreciate if you could share.

Posted by Gabriel Khoo > 2023-04-26 16:41 | Report Abuse

From AR 2022

Posted by Gabriel Khoo > 2023-04-26 16:41 | Report Abuse

No report uploaded in CIMB or UOB platform

Posted by Gabriel Khoo > 2023-04-26 16:42 | Report Abuse

OUTLOOK FOR 2023 Notwithstanding the current uncertain times for the global economy, health and safety remain a key focus area for us. We will continue to drive the performance of our existing fleet whilst progressing ongoing projects. Moving forward, our sustainability strategies, which include gas as a transitional energy source, will drive new infrastructure projects. We will also evaluate carbon capture injection and storage projects. This will accelerate our transition towards Net Zero carbon emission by 2050. Whilst ongoing debt reduction and the strengthening of our balance sheet enable us to explore new projects, we will continue to be financially disciplined and will only pursue opportunities which are mutually beneficial to us and our clients.

From Chairman in AR 2022

Posted by Bon888 > 2023-04-26 19:45 | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/67095

The impact of Armada Claire disposal is more than the disposal gain of USD 12 Million.

1. Saving from maintenance of the ship.
2. Saving of interest from the loan repayment.

All these continue to contribute more profits for the future quarters.

So I will buy on dip. Maybe around 0.60.

Posted by Yu_and_Mee > 2023-04-26 20:02 | Report Abuse

time matter, will drop back to 0.15

Posted by Bon888 > 2023-04-26 20:23 | Report Abuse

OK newbie you wait for another 10 years maybe you could get 0.15. TKK ya.

Posted by nikicheong > 2023-04-26 21:20 | Report Abuse

On 28 February 2023, the Company entered into a sale and purchase agreement for the disposal of its interest in SPBAOPL to Shapoorji Pallonji Energy Private Limited (“SPEPL”) (formerly known as Shapoorji Pallonji Oil and Gas Private Limited). The sale transaction was completed on 2 March 2023.

As a result, the Group and the Company’s investment in SPBAOPL has been reclassified to non-current asset held-for-sale as at 31 December 2022 as disclosed in Note 27.

----------

The book value of the above disposal is RM6.6m.

Posted by zen_2k > 2023-04-27 02:27 | Report Abuse

The current PE is around 5, while Yinson is 15x, or FPE 10x... with O&G recovering and speedy improvement of debt profile, Armada should be valued higher

Posted by RISK8888 > 2023-04-27 08:36 | Report Abuse

Back to 0.60?

Posted by Robert Waters > 2023-04-27 11:04 | Report Abuse

It is buying time for me.
I put a bid online for 0.66 sens this morning and just got an email stating that I purchased some for 0.65.
I do not even know how this is possible. I thought they matched offer and bid.
Anyway, a small trade position for a short term profit knowing that BA appreciates a few days after good news.
Assuming oil bounces back.

Posted by RISK8888 > 2023-04-27 12:34 | Report Abuse

Good buy

Posted by nikicheong > 2023-04-27 13:11 | Report Abuse

@Robert since the opening price was RM0.65, all opening bids above RM0.65 were filled at RM0.65. You can use this method to "jump the queue", as the higher bids will get higher priority to be filled at the opening price.

It will work the other way round too...you could place a sell order at RM0.64 but it would've been filled at RM0.65 (with a higher priority).

Posted by nikicheong > 2023-04-27 13:20 | Report Abuse

Now that the Armada Claire chapter has been closed, we need further catalysts to drive the growth in the company and consequently, an appreciation in the share price.

First oil at the Armada Sterling V FPSO should be imminent, but there are lots of question marks here and a further delay cannot be discounted.

The award of the Cameia FPSO seemed like a done deal 6 months ago, now here too there are lots of question marks and the project might not even be sanctioned.

The Mumbai Port FSRU project seems to have fallen by the wayside, my research shows that the project has been put on the back burner by Mumbai Port as it no longer made economic sense.

So this now begs the question...the company is in remarkable financial health. We're ready to take on one large scale and one small/medium scale project on our own. But where are the contracts? The FPSO market is incredibly tight, so it is indeed worrisome that Bumi Armada has not been able to make much headway.

Lots of talk about gas solutions and carbon capture/storage in the annual report, but all that's just talk.

This year is going to be an incredibly crucial year - Bumi Armada has got to beef up the orderbook, else this is going to be a company slowly bleeding to death. The company is currently sustaining itself on two major FPSO - Kraken in the UK and Olombendo in Angola. The firm period for the former ends in 2025, for the latter in 2030. Time is ticking.

Posted by nikicheong > 2023-04-27 13:29 | Report Abuse

Does anyone know what's going on with the Armada Sterling II FPSO (i.e. Armada C7)?

The following are the figures from the annual reports:

Revenue:

2022 - RM36,567m
2021 - RM87,853m
2020 - RM95,209m
2019 - RM105,397m

Why has the revenue decreased so drastically in 2022? I've tried to research what the issue is, seems like there was no charter revenue for more than half a year.

It makes sense that there is a decreasing trend in revenue due to how revenue is recognised during the contract period, but the sharp drop in 2022 (coupled with more favourable FX rate) seems amiss.

Posted by Gabriel Khoo > 2023-04-27 14:04 | Report Abuse

Niki. Why armada want to rush for contact especially fpso. Slow is good for this transition period. May secured many projects like yinson and back by billions of debts. All these projects required strong cash flow from their charters. Oil is not gold capitalixe the trend good for long term. Fpso is long term contract. Its better to prudent now than later. Yinson majority fpso orders. Good or bad if up to investor but to me is rather risky. Looking at their interest p.a. this is the 1st time armada officially shared their green stratergy

Posted by nikicheong > 2023-04-27 16:11 | Report Abuse

For a FPSO company to have only secured one new FPSO project since 2014 and that too only via a 30% stake in an associate, is rather disappointing, no matter which way you slice and dice it.

Operationally, they've straightened all the issues with problems at Kraken. Financially, they've gotten the debt situation in order.

So now, we really need new contract awards to sustain the company.

Yes Yinson may be biting more than they can chew, they've 4 to 5 FPSOs they're working on simultaneously. No one's asking to go crazy like them.

Posted by nikicheong > 2023-04-27 16:13 | Report Abuse

Now that all loss making parts of the company have been stripped out, we cannot increase profits any further. This year might be the best, at around rm220m/quarter...but going forward it'd only dwindle without any orderbook replenishment. Big drop in 2025 then another big drop in 2030.

Posted by Gabriel Khoo > 2023-04-27 16:45 | Report Abuse

I believe the new fspo must be electric support and carbon capture so it will take more time to finalize the deal to meet the requirement. Be selective is good just be patient

Posted by Gabriel Khoo > 2023-04-27 16:48 | Report Abuse

MIB esg rating for armada is good at 20.4 improved from 33
Yinson 17.4 improved from 21.7
Dialog 26.4 improved 31.6

Armada is the 2nd best only after yinson

Thats why FF buying

Posted by Gabriel Khoo > 2023-04-27 16:49 | Report Abuse

Many dislike armada but their esg rating is good