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Armada - can punt? investible ?

qqq3
Publish date: Tue, 26 Mar 2019, 11:30 AM
qqq3
0 148
"people want to invest, they want to be successful.......they need to have big dreams, and grit....and of course, knowledge and mind set."

number of shares 5.9 billion @  20 sen......$ 1.2 billion MC

borrowings $ 10.4 billion

cash            $ 1.2 billion

net borrowings $ 9.2 billion

 

Enterprise value $ 10.4 billion ( 1.2+ 9.2)

 

Net cashflow generated from operating activities 

2018  $ 1 billion on revenue of $ 2.4 billion

2017  $ 600 million on revenue of $ 2.4 billion

 

With $ 7 billion of its borrowings due by May, and must be restructured/ refinanced, the pressue is on the Company to deliver. Reported today that Company is close to getting a US$ 500 million loan. Previouslly reported that bankers are giving a cold shoulder to the request.

 

Previously, CIMB target revised from X0 sen to 70 sen back to 30 sen on assessment of deal or no deal and bankruptcy risk.

 

worth a punt?

 

I think it is worth a punt, can trade on the following basis.........

 

- technical.............technical looks good and can break out, not over extended after some corrections .previously

-CIMB original tp of 70 ( later revised down ).......probably had some basis and calculations subject to bankruptcy risk and non approval by bankers.

- positive sentiments and right theme........at least better than Sapura in risk - reward ratio for speculators/ traders......

 

 

Investible?   

 

Investments is participating in the growth of companies at a reasonable and not excessive valuation. 

 

 I would not say this is investible........more work needs to be done..........but worth a punt.

 

 

 

 

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Be the first to like this. Showing 11 of 11 comments

qqq3

Armada.....one month money....> 30 sen on refinancing obtained.......that is 50% return ...a good bet.

2019-03-27 11:19

qqq3

the bet paid off.......exactly 1 month............very good money...........

2019-04-24 16:14

qqq3

the bet paid off for a predictable event...........

2019-04-24 16:15

qqq3

speculation not just taruk.......speculation is probability and placing a bet when odds in your favor.

2019-04-24 16:16

Icon8888

3iii said don't touch at 18 Sen

He said warren Buffett disallows

2019-04-24 16:16

qqq3

y Icon8888 > Apr 24, 2019 4:16 PM | Report Abuse

3iii said don't touch at 18 Sen
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really meh?

Success can or cannot?

2019-04-24 16:18

Icon8888

Don't know woh

Ask warren buffett

2019-04-24 16:22

qqq3

d by Icon8888 > Apr 24, 2019 4:22 PM | Report Abuse

Ask warren buffett
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Bufalo man don't know where is Malaysia...........

2019-04-25 09:55

qqq3

2 nd quarter...

PBT $ 100 m
add depreciation $ $ 200 m

PBT plus depreciation is $ 300 million operating cashflows for 2 nd quarter....X 4 is $ 1.2 billion a years with possibility of better performance from recovery in OMS and Kraken...............

2019-09-01 11:08

qqq3

for genuine investors, which is better? armada or yinson?


I leave it to you.....but note fund managers favor Yinson, retail favor Armada......

long term funds has mostly left Armada...but if they return to Armada then jap bo liau....

2019-09-01 11:28

stockraider

Finally u talk sense loh...!!

Posted by qqq3 > Sep 1, 2019 11:28 AM | Report Abuse

for genuine investors, which is better? armada or yinson?


I leave it to you.....but note fund managers favor Yinson, retail favor Armada......

long term funds has mostly left Armada...but if they return to Armada then jap bo liau....

2019-09-01 14:36

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