mikekimBelow 60 cents, so damn cheap after Bumi Armada has significantly derisked with Kraken final acceptance. Kitchen sinking also done - next QR is likely to have sparkling results with strong profit again - that's when the "profit growth" investors come in.
I wish I have more funds (may consider margin facilities) to buy more.
18/09/2018 10:28
shpok4574later kitchen sink again due to impairment loss
18/09/2018 10:34
86chongfeel like no chance going up it again zzzzzzz
shpok4574mikekim, actually what is ur ideal price to let go ur armada
18/09/2018 16:47
HuatlaiOnglaiMikekim, their gearing at 1.88 times need to be address before the share price move upwards.
18/09/2018 17:44
RJ87Armada realise it’s fair value... Which is PE12-15 on its fully materialised Earnings.
Now Kraken has finally put behind, 6 FPSO operational, one pending compensation from Woodside. And repurpose Armada Claire for coming project tender. What else can put a dent on Armada revenue and profit?
Imagine 7 operational FPSO, and 2 billion compensation, revenue sub 1billion range with gearing drop to 1.0-1.2. Do u think if all that materialise, the price still at 0.55?
If price don’t shoot up, AK will likely privatise it and few years later, “some new” FPSO company is being IPO again.
18/09/2018 19:33
shpok4574all depends on operator to push, but operator will decide based on the current market bearish mood
18/09/2018 20:27
shpok4574the only reason is too many retail players
Fooksing WongFeel something wrong, who keep sell it ?
19/09/2018 21:12
RJ87institution and FM play pretty long term. U look at the play book. They kinda hv a target numbers of shares to get a size of return they want. They will shake as many retailers off as possible to get the numbers of shares they want. Else, the capital needed to pull this stunt is not worth it.
People like shpok4574, RM1.5mil park here (if his claims are true). If it doesn't return 4% perannum. How long will he hold?
