|Last Price ||Today's Change || Day's Range || Trading Volume |
|0.735 || -0.015 (2.00%) || 0.73 - 0.755 || 19,329,800 |
|Market Cap: || 4,308 Million |
|NOSH: || 5,861 Million |
|P/E | EY: || -6.37 | -15.71% |
|DY | Payout %: || 1.12% | - % |
|NAPS | P/NAPS: || 1.08 | 0.68 |
|Avg Volume (4 weeks):||45,788,527|
|4 Weeks Range:||0.605 - 0.79|
|52 Weeks Range:||0.50 - 1.01|
|Average Price Target: || 0.78 |
|Price Target Upside/Downside: || +0.045 |
nikicheong Yan, when you consider all the additional share issues and stock splits etc and normalize them to the current levels, the peak valuation of the stock was at RM2.75...which is still rather substantial!
nikicheong Spinninglotus at RM0.65 confirm buy more lah. Just look at how much potential Armada has relative to its performance and earnings just 2-3 years ago! Currently the stock is maybe slightly overvalued, but Armada will pose quick recovery since 4 of its major projects are all coming on-line at roughly the same time, plus the rebounding oil prices relative to 2015-16. Add to the fact that Armada could earn one major contract this year and at least one minor one, plus settlement from Woodside...I think it's not crazy to think it will hit RM1 at some point towards the end of the year. Heck, if things go really well we could well see it hitting RM1.50, and I won't want to imagine what happens if it gets a really mega contract such as a FLNG.
Victory99 Totally agree with nikicheong statement. This recovering germ patern looks like steel industry especially lionind which recovers 3 times from its bottom price 20 cts to 60 cts recently..armada from 50 cts to RM1.50 can be achieved...it is a matter of time and patience...
Shauns Many people concern about Whether Amarda share price will drop to below RM0.70 if Armada announce Q4 2016 result. .. If the result is net loss of about RM50 to 70 Million (my estimate due to certain factors). So, will the share price drop below RM0.70 ?
The question is, have you looked at financial institutions' ( who bought a lot of Amarda shares recently) investment point of view instead of your speculation point of view ( if you are speculators ) ?
This is my "two cents" on why this counter share price will not drop below RM0.70 after Q4 2016 announcement soon if it is loss of roughly RM 70mil and its share price will be even higher to RM1.00 ( based on 2 year ago Amarda share price with normal profit) in next two month as follows:
1) Most of the impairment on FA and others (that caused huge loss in the past quarters) have been reflected in the past quarters following very low oil price and low utilisation rates. Therefore, Auditors essessed in the past quarters that some low utilised Vessels or FA have low projected future cash flows and lower market values as compared to their NBV. Therefore, these FA were impaired based on accounting standard. So, impairment for Q4 2016 and Q1 2017 .... will be much lower or least.
2) Financial institution believe that the low oil price is over as OPEC and Non-OPEC oil cut compliance is reliable that will support more O&G downstream activities that will benefit oil & gas companies indirectly.
3) Recently, Armada share price was up as highest as RM0.79 was mainly due to buying support from financial institutions over Eni and Kraken projects were completed smoothly that has made the institutions have more confidence in this counter for long term but not for 3 to 6 months.
4) Just imagine, the Eni and Kraken FPSO contract for USD 3.9 billion for 12 years tenure and USD2.2 billion for 8 years tenure respectively. So, how much the revenue of Armada per quarter in future like Q2 2017onwards ( based on the tenure effective dates) ?; Armada will account for RM170 mil free cash flow generated by Kraken FPSO from Q2 2017 onwards and other 3 projects are expected to make contribution to Armada this year as well following Kraken contribution.
5 ) I believe that low utilisation rate for OSV segment and completion of conversion projects and partially offset by higher income from other business segment over Higher oil price that might cause net Loss about RM50 to 70 mil ( my rough estimate only) for Q4 2016.
Conclusion: more institutions are more confident about revenue and cash flow from the two projects ( Eni and Kraken) for Q2 2017 onwards and have more confidence in Armada due to capable execution of the projects that will turn Armada loss into good profit for FY2017.
If you think these are irrelevant, please ignore the above-mentioned statement. Good luck !
cariayam good article! tqvm
Raymond Tiruchelvam there are too many positives on armada for any downside to overrule... yes, the QR may be at a loss still, yes there may even be further impairment.... but the way I see it the worse has already been debited in alls left are the credits here on.... lets all sail this together people :-) besides I have a fren in internal audit.... but she don wanna tell me nuts ;-(
Erie any price drop is an opportunity to accumulate as we all know 2017 will be difference than previous years with all the projects in hand..gud luck to all..
ruby828 Hope so..u guys r right....i still got alot in my hands....;(
scott88 y still not come out Q4 result...
ruby828 Huh?? Qr not today meh?
263263 Maybe afternon will halt 1hour
bjgdila123 usually they press down then they push up
ruby828 Really suspense....
LA777 Today out. Hope for the best.
Rafflesia to concur with Shaun and Nikicheong . i am happy to read,some do invest base on strong Fundamental here. :)
“one man's trash is another man's treasure” . for the speculator with lack of fundamental analysis , sell now, we would gladly buy it when it is still cheap .
quarter report sure is important , but it is not really matter if u foresee the longer term benefit .
the most concerning portion is the price of crude oil . if it sustain well , this company stock will surely do great in near future .
ruby828 Is report out yet?
Alex Chan 72 or 70...support
Alex Chan If break 70...bye bye
Traderx break 7.40 resistance, time to sell. cut loss
Alex Chan Results must be quite bad
nich0las Still dunno today or tomorrow. Only know this week will get the results.
spinninglotus I repeat, downtrend....retail investors left buying high, puntering fund managers are running away
Lukesharewalker Way Epf is acting...it should be quite bad
ivan9511 good resuts will fly over 80 sen
wish all the best
ruby828 Y still no report yet? Really that bad?
spinninglotus Insiders have seen the reports earlier than any one of us. Technical charts show insiders are selling shares crazily. Indian Tycoon quickly resign as he cannot earn money in this company. All these are bad signs that the financial reports are very bad.
Later day? For a blue chip?
Better step aside and see where it lands
Traderx No result yet, UMWOG went South already. Have a feeling Armada will go south as well.
RJ87 Share the link here if you found any info on the quarter report
ruby828 Does that mean tomorrow below 0.70?
Lukesharewalker Strong support at 70.5 but who knows with Epf so actively selling
263263 From 0.60 to 0.79..push high.
0.79 to 0.73 let short invester run.
good show should be tomorrow start.
With Gd report and project.
Lukesharewalker Good reports don't arrive on the last day. They are usually the first to be announced
ruby828 @lukesharewalker....u hav a point there...
manji Seem nobody expects good result. Means the downside is limited and if surprisingly good result then gap up!!!!!! Place ur bet haha
manji What is the fear when the whole town expect the result will b red?
Posted by manji > Feb 27, 2017 08:17 PM | Report Abuse
What is the fear when the whole town expect the result will b red?
manji I like you words: What is the fear when the whole town expect the result will b red?
if good results will limit up\
ruby828 Should have sold it n buy back when it pull backs a little......
nikicheong Like I said at RM0.75 the stock is overvalued for the moment. Fair value for now is only about RM0.60-RM0.62. I won't be surprised if the stock keeps going down. At <70 sen I will probably top up.
Warren Buffet has two interesting investing philosophies that I subscribe to:
1) Buy when the market is selling, sell when the market is buying
2) Buy stocks such that even if you were not able to look at their price movement for a full week you can still sleep well at night
Again, the above is for investors. Speculators and technical traders...ignore what I said. And even for those who are investors, you have to do your own research into the company/industry and have a feel for what the upsides and downsides are so that you can trust your decision and let the stock fluctuate around without worrying as it moves towards the target you had in mind.
spinninglotus Waiting at 55 cents....come on....fund managers will try to kill off retail investors. Panic selling is coming....
ruby828 I see.....thanxs....understood.