ratava... 0.35 + 1.35 = 1.70 for mother, you sure??? remember, you were quite bullish about Armada about 3 weeks ago

ladahitam makes sense.... BAB and IBs

buy at rm3.60 are still earning money.

you dreaming...................

@ spinninglotus Huh, at 1.80, anybody who put money into this counter buying rm295 to rm3.60 are still earning money.

this calculation is wrong you know..... you may want to check again.... you have big loss now

Spinning spinning sampai pening.... how big is your loss now?? HaHa

Spinning spinning sampai pening.... how big is your loss now?? HaHa

Once it has dropped like this.... it is very very difficult to go back up later as investors have been burnt and lost confidence....

You buy cheap OR also no point

What is this Cortico-oral incongruence??

Spinning spinning sampai pening.... how big is your loss now?? HaHa

Once it has dropped like this.... it is very very difficult to go back up later as investors have been burnt and lost confidence....

You buy cheap OR also no point

klorang.... your blah blah blah only scare the shit out of small investors..... Armada's price is obviously being driven by big funds

Huh?? You wish for it to drop has been granted..... how big is your loss now?? HaHa

Spinning spinning sampai pening.... how big is your loss now?? HaHa

Taking the even the low private placement price at 2.96 the price now should be 1.82

HaHa my TP for now is 1.96... done in just last week....

at this moment, Armada seems to be unloved, this could be a good thing.....

don't worry the form plus prospectus will be sent out by 17-9-2014.... when you received them check the dates on the cover.. there is still time

and, more importantly, take a good look on how the rights proceed will be used, the prospect of Armada business, the risks etc....

you can download the prospectus now, but I say be cool... take your time

and..... for those who are already in and entitled to the Rights Issue, take it up at RM 1.35

OMG now there is even more investors with fear and anger in Armada...

There is tons of investors with fear and anger in Armada

Armada acting crazy, these investors also acting crazy....

Sidelined wait and see nordi turning bullish.....I would say with good reasons of course.


More and more IBs are covering AZRB now, CIMB's FV for AZRB 1.48, 100% more to go

AZRB's RNAV/share of close to RM 3.00

Just win one more project, which AZRB is very good at, which you know is very likely, and 1.00 in a matter of one morning......

Yes, charts are a bit indecisive... but won't be for long.. Once stale bulls cleared upward will resume

Spinning....

Since you have said you have submitted your rights issue form already (I have yet to receive), I was told, you are probably using margin finance to buy Armada.

And, as such, would also have a better understanding of people with inadequate fund to take up the RI and how they will sell their OR....

your prediction has been correct so far... OR to drop some more you are saying??

there seems to be endless OR for sale.........

Just when you feel it is safe now.... the OR drops 15%...

Armada is a crazy counter...... I am not quite sure what is right or wrong anymore......

poor investors would have sold the mother last thurday friday

selling at a LOSS is very normal???

Could boleh1234 be right after all.....................?????

Even at these low prices.... the selling pressure the selling Qs are getting more and more....

Pening, sell mother sell OR now

Pening, sell mother sell OR now

What if mother drops and never go back up again, because of.....

"will increase the cost of investment in the face of dwindling profits"'

OR cheap or not is in relation to mother... if mother dropped to 1.80... OR gone case, sell OR now

Pening, sell mother sell OR now

OR...... buy and die

nasi lemak kosong je....

Could boleh1234 be right after all.....??

But.......... mother is dropping... what if the mother drops some more... like last time???

OR price is low now.... buy cheap cheap OR???

Spinning Spinning imagine if you have sold OR at 0.62......

Spinning Spinning sampai pening.....

The mother is dropping... do you freaking dare to buy the OR?

Pening pening...

Faster faster sell the mother sell the mother.... dropping fast dropping fast... mother dropping fast....

Spinning Spinning selllll OR sell OR... dropped 12% now... going to drop even more sell sell sell OR

Spinning Spinning sampai pening...

Sell mother sell mother.... don't even take up the RI... don't even take up the RI... sell the OR sell the OR... Armada dropping dropping fast

Take back your form.. Take back your form..... in the first place why the hell even submitted your form so soon???

HaHa my posts are for that spinning fella who posted "dont listen to AhMoi......"

Pening pening...

Faster faster sell the mother sell the mother.... dropping fast dropping fast... mother dropping fast....

Spinning Spinning sampai pening.....

The mother is dropping... do you freaking dare to buy the OR?

: )

maybe yes maybe no or both

today.... a bit of forced selling vs Langat 2.....

Maintain BUY; MYR4.55 SOP-TP (cum-price) under review.


TP on EX ABOUT RM 2.60 BUY

realistic target.....

Top 4 FPSO operator globally over the next few years (current position: Top 5).




Elsewhere, we opine that BArmada could win another FPSO job by end-2014. There are six active tenders in the pipeline. It has set a realistic target to be a Top 4 FPSO operator globally over the next few years (current position: Top 5).


Source: Maybank Research - 28 Aug 2014

Maintain BUY; MYR4.55 SOP-TP (cum-price) under review.


TP on EX ABOUT RM 2.60 BUY





Rights issue priced at MYR1.35/unit to raise MYR2b.


OBSB placed out up to 215m secondary shares (7.3% of share base), effectively reducing its stake to 35%.


Maintain BUY; MYR4.55 SOP-TP (cum-price) under review.

What’s New

The rights price is fixed at MYR1.35/unit (32% discount to the theoretical ex-all price of MYR1.98/shr). Objektif Bersatu S/B (OBSB), Usaha Tegas’ holding company for BArmada, has placed out up to 215m shares.

What’s Our View

BArmada will raise MYR2b in proceeds from this rights issue (9% below its initial target), which will come in handy to fund its expansion plan (FPSO. OSV, T&I: MYR1.76b).

Post exercise, BArmada’s proforma net gearing level is expected to fall from 0.9x as at Jun ’14 to 0.4x (internal cap: 2.0x). The planned 1-for-2 rights and 1-for-2 bonus exercises are expected to conclude by end-3Q14 with its share base doubling to 5.87b shares by then.

Meanwhile, OBSB has reduced its stake in BArmada by 7.3%; from 42.35% to 35% post placement exercise. Despite the pare down, OBSB will still be BArmada’s single largest shareholder. We understand the proceeds raised from this deal will be used to subscribe OBSB’s rights cost entitlement.


Elsewhere, we opine that BArmada could win another FPSO job by end-2014. There are six active tenders in the pipeline. It has set a realistic target to be a Top 4 FPSO operator globally over the next few years (current position: Top 5).
Source: Maybank Research - 28 Aug 2014

Average Price Target: 4.57


now TP 2.60

Is this company's fundamentals good to you??