Quite a large net short position. 33 mln.
Many trapped people waiting for it to drop.

5210 ARMADA BUMI ARMADA BERHAD 33,379,000 0.56

Nobody interested in the project behind the paywall ?
I think that is the one...
Potential Cameia FPSO project win, but may entail rights issue
BAB is bidding for TotalEnergies’ Cameia FPSO project in Angola. If BAB wins the c.US$1.8bn capex project in 2H22F, BAB may need to fork out equity of c.US$90m and undertake a c.RM500m rights issue, in our estimate, assuming that
1) BAB takes a 50% stake in the project;
2) TotalEnergies funds 42% of the capex; and
3) debt funding is 48% of the capex.
Tight FPSO contractor capacities globally suggest that day rates and IRRs may be strong, and we would be positive if BAB wins the project. However, the downside risk is that the rights issue may be negative for its share price in the immediate term.

x

I know that existing order book means stability. Great for loan financing guarantees. But consider the fact that with inflation at 10% in global market, future contracts will have higher nominal values. Some risk may offer good reward.

Somebody knows the results are good. Glad I waited on disposing ...

OK. Bring it on. I will buy some more shares.
This sure was painful, but I like punishment. Makes me stronger.
See you at the other side of the trade.
And good luck in getting oil from russians, venezuelans or iranians.

There is usually a reason behind 'random moves.' The guy who shorts 1 billion shares in only 1 day may know something that we do not. Maybe that Russian Vessels are lost, one of the main assets down, or client terminating lease ... for a justifiable cause ...

Maybe earnings will be OK after all ?

:-)

Just kidding.

Russians to the rescue of commodity investors.

I start to think that insiders may know something. We will know after the earnings. Stock has been weak for a week. There must be a reason.
Now it is down when oil rallied $3.

Wow, this stock rocks. I wish I listened to the longs who were promoting it on other boards. But alas, I am stuck with other tickets.

What's going on here ? I have been on the Armada ship, and I miss the rocket here...

I guess BA investors will have to wait 52 weeks for a new year high. That is the pattern. Small rally in January, then sideways or down next 12 months. We are a very patient, tolerant bunch. Like no others.

It starts well ...

Our case for Bumi Armada is that it is a play on the commodities sector, specifically oil. We think that this company is a good diversification tool — although a risky one — given its stock beta of 2.0. The recovery of oil price should see increasing amounts of activities within the oil and gas sector, and as such companies within the value chain such as Bumi Armada stand to benefit from it.

Try to tell the small investors that BAB is NOT related to the price of oil and crude at $91.5+ should be ignored.

You would be right, but they do not listen.

Time to take some profit off the table ?

10% in a few days ....

Looks like 52 week high may be coming. And I can cash in my 52 sens (MYR 0.52) purchase for a small profit.
:-)

I bought some more. Now is the time to load up. Not much money left, but hey ... every share counts.

The following order has been filled. Please refer to the details of the transaction appended below.

Account Number : M0130XXX
Order ID : 202201211266394
Securities Type : Stock
Stock Exchange : KLSE
Securities Name : ARMADA (5210)
Transaction Date : 21-Jan-22
Order Validity : Good-Till-Date (GTD)
Transaction Type : BUY
Payment Mode : Cash Account (MYR)
Order Type : Limit Order @ MYR 0.520
Quantity Placed (Units) : 66,500
Average Matched Price : MYR 0.520
Total Filled Quantity : 66,500
Unfilled Quantity : 0

Just when you thought things were going worse and worse we got a nice surprise. Looks OK today.

70+ $/barrel oil is a very good price.

Many new projects coming online. Prices of assets are increasing. Modest order book is a good thing as last minute contracts will fetch higher prices. This is the reward for taking risk.

Order at $30 oil was a shoe string type of deal.

We will have some excitement here once we approach annual highs. Could be by year end or after quarterly results.

I will get some at 0.51 for short term. Makes sense to me. What the heck...

Can't be too happy about today, but correction is needed.
Good news is it held relatively steady. Did not crash below 50 like last time. That is reason to be positive.

Good luck old longs.

0.50 BROKEN. New ceiling established. Then again,this company never fails to disappoint. Maybe they will fail this time ???
And break 0.55 soon.

I have been at this point 2 times already. BAB reached 0.5 MYR and plunged. But somehow I feel this time it will be broken. Company is much stronger, no longer story or momentum.

New floor will be establish where once was a ceiling.

Electric planes. Sounds good, but it is a scam. Physically not possible. Most weight would be used by batteries, instead of cargo or passangers. Hydrocarbons have a long way to go.

Buying 12 mln shares at 0.41 myr by the president is a very, very good piece of news.
:-)

My girlfriend worries that BA is too ethnic, because of bumi in the name. She thinks it may be politically manipulated entity. But I think that it is an international, well run company that will continue to surprise with result. (she knows nothing of BA beyond name and business type).

Good to take advantage of wrong perception. Buy and wait.

And we are at annual high. That explains some of the intense crazy posting here.

8 million shares to be repurchased.... short position.
5210 ARMADA BUMI ARMADA BERHAD 8,685,176, 0.15%

54 sens ...
____________________

-A+A
KUALA LUMPUR (June 15): RHB Retail Research said Bumi Armada Bhd is staging a strong uptrend after breaching the resistance level on improved volume yesterday.

In a trading stocks note today, the research house said that premised with a “higher low” pattern formed above the 21-day SMA line, the renewed bullish momentum above 48.5 sen (resistance turned-support) level would propel the stock towards the next resistance of 54 sen, followed by the 60 sen multi-year high.

“This expectation will be void if it drops below the 45.5 sen support level,” it said.

Well, I am from here and had Armada for 5 years.
I do not mind hearing about Serba as story is very similar.
Turnaround after financial panic.
But oil at 70+ leaves a lot of room to manouver.

They both will bounce off the consolidations.

Disclosure: got some serba as well.

I already bought serba dk. 777 shares. It is very much compatible with Armada. Though it belongs to different category, industrial services.

Selling pressure to increase ?

My agent/broker told me that the best deals are on Friday afternoon, just before the end of trading. That is because some traders do not wish to be stuck with securities for weekend.

But not today.
:-)

I am thinking of buying Serba dk. It is like young armada at 20 sens. Maybe with next salary ...

Am I missing anything ?
It was sure a quiet morning here. Until now.

Those who bought recently at 0.495, like me, may get their rewards soon.

Up ... up and away ....
Many people will finally see some profit. But ...
There was a lot of selling at 0.50 MYR last few times.
Hard resistance expected.

I read in my newsfeed. I read it here.

Brent Oil to 70 USD soon. Major ceiling to be broken soon.

CIMB downgraded it from buy to hold .... wow ...
_________________
Analysis: CIMB International Investment Banking Research

Target price: 48 cents
...Our valuation still has opportunities for upward adjustments, including if the FPSO Limbayong contract is awarded, FPSO performance continues to be strong, and higher oil prices stimulate confidence in the oil and gas sector.

As for the risks of downgrades, they include the inability to dispose of excess assets, resulting in the company having to raise funds to meet loans and debt repayments that will mature in 2024.

Nevertheless, this is at least 3 years from now, so it will not have a significant impact on the current forecast.

We downgrade the rating from "Buy" to "Hold" because the stock price has risen sharply.

Kenanga expect Yinson to gain 40% but gave a sell rating to Armada. Reality check. I used to own Yinson shares. Hope I am on the right side.


Source : KENANGA
Stock : YINSON Price Target : 6.95 | Price Call : BUY
Last Price : 4.93 | Upside/Downside : +2.02 (40.97%)

I expect PB to give us an upgrade as they promise at the very end of comments:
_
Bumi Armada (Outperform, TP: RM0.49): JV inks deal for FSRU project in Mumbai. Bumi Armada's 49%-owned JV company entered into a licence agreement with the Board of Trustees for the Port of Mumbai (MBPT) to set-up, operate and maintain a floating storage and regasification unit (FSRU) in Mumbai harbour for a period of 30 years. (Bursa Malaysia)

Comments: Under the License Agreement, both parties will have approx. 9 months to fulfil certain conditions comprising of financing, obtaining permits for construction works, and signing of the agreement between the FSRU owner, charterer and JV Company for providing the FSRU for the License Period. Upon the fulfilment, the License Agreement will become effective and the License Period shall commence. Construction works for FSRU is expected to take about another 1.5 – 2 years hence earnings will only contribute from late FY23 onwards. While this could be positive on BAB’s future earnings, we are curious on how BAB is going to finance this job due to its stretched balance sheet with 2.4x net gearing. Pending more development on this and its 1QFY21 results next week, we maintain our earnings forecast at this juncture.

I sure do not like this plan. Price is now 0.40. Why is the 0.21 load of shares being dumped in the market ? There should not be free give aways.

Also:Huat ah, Heng ah, Ong ah !‬

Dear Strateggist.
What is the meaning of the:
sapu sapu hey
ala nampak hey
aiyoooooo

Google translate could not handle it.
Only word they propose is broom.

Yes. Horrible news struck sooner than expected. Container ship refloated. Traffic through canal to resume. Oil plunges.
But that is just short term moment of joy.
Long term prospects for this ship unchanged.
Those who sold - CONGRATULATIONS.

The rest are trapped.

Best time to SELL for short term traders is NOW.

Suez canal looks bad. Oil price soared. A bit of a panic.

But everything that wedges can be unwedged. Especially with unlimited resources. Sooner or later ships will resume sailing the canal. And things will return to normal.

Long term players - better to wait for earnings and moving averages to move into all positive. Put impairments into span of 2 years ago.

My sincere apologies to the longs of this stock.

Whenever I buy more, it drops in value. And this time it lost almost 20% over two weeks. Harder than usual.

I warned when I did it at almost 50 sens lately.

But seems that this downtrend is now broken and we can resume way up.
Have patience.

By the way, Investor King was right. My bid for 48 sens was 'unmatched' even though stock was trading at 47 sens. I complained and got no reply. But I have shares for premium.

I remember early this year oil reached 50 and I was worried it would not hold Let's be real. 60+ is a very, very good price. Think about clients receiving 100% more than last year for oil. There will be money for services and BAB bottom line will improve. Let's wait it out.

I have bad news for my long colleagues.

I bought more of BAB, so it will go down now for sure.
At least for a few days.
Happens every time.

I already stopped washing my car as I hate the rain, but still trying with this stock.

Owners think that Kraken field is in decline ....

__________________________________________________
London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025.

The consideration is subject to adjustments for working capital and other customary interim period adjustments from the economic effective date of January 2020.

Under the deal, Cairn will sell its entire 20 percent interest in the Catcher field and 29.5 percent interest in the Kraken field.

As already mentioned, the firm consideration of US$460 million. Additional uncapped contingent consideration dependent on oil prices and production performance from 2021 to the end of 2025: generating ~US$75 million at US$60 Brent and ~US$125 million at US$65 Brent.

The completion of the deal is completion currently expected in H2 2021

Simon Thomson, Chief Executive of Cairn said: "The divestment of our UK producing assets as they move into decline phase, will further strengthen our ability to pursue Cairn's strategic goals and position the company robustly for the decade ahead."

In a separate statement, Cairn, together with Cheiron announced the proposed acquisition of a portfolio of upstream oil and gas production, development and exploration interests from Shell in the Western Desert, onshore Egypt for a purchase price of US$646 million (US$323 million net to Cairn).

The deal also includes an additional contingent consideration of up to US$280 million (US$140 million net to Cairn) if certain requirements are met.

Capricorn Egypt, a subsidiary of Cairn, will take 50% of the assets, with the remaining 50% acquired by Cheiron.

This company lacks focus.
First they did buses.
Then they acquired FPSO's.
Now they go after renewables.

In the end, if you chase 3 hares you end up with none.

That is why I exited last year.

Still accumulating. My target price is 1 MYR.

It will take a while, but that is what I paid back in the days.
50 sens seemed a dream a year ago when price was below twenty.


Those windmills will not cut it in the real world. Good for us.

Very, very quiet here. Looks like I may be able to get more shares at a really good price in the near future.

I am waiting for my account to be credited with the salary.

In the meantime, a lot of guys here will be realizing the profits. So not in the rush to buy any more.

:-)

We will see some downward action for a change.

Time to cool off and wait for consolidation.
Going back to the safe spot.
:-)