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2019-07-04 12:33 | Report Abuse
they need to deliver earning
period
2019-07-04 12:31 | Report Abuse
I been through same thought process in jaks
people decried their private placement
I instead saw it as a necessary evil
when there is plenty of earning to spare, go ahead and do a rights
it is better to properly capitalised and dilute EPS a bit rather than make huge EPS but everyday needs to keep looking over your shoulder
2019-07-04 12:28 | Report Abuse
all I am saying is that I don't mind a rights
value88 Although some argue Armada may do right issue and it could be a good thing, I personally don't think Armada will carry out right issue in short term because :
I) At current low price, it is not feasible to do right issue.
ii) The management repeatedly mentioned they are not considering right issue now. In order to strengthen their balance sheet, their strategy is to re-structure short-term debt (done), and sell the idle vessels (on-going).
04/07/2019 12:21 PM
2019-07-04 12:16 | Report Abuse
Don't think he is that bad lah
I think RM1.00 he jump in already
2019-07-04 12:15 | Report Abuse
Like that this 3iii really stupid loh
2019-07-04 12:06 | Report Abuse
it is about earning
armada needs to deliver another two quarters of consistent earning
then people will be convinced
then they say it is good quality stock
at 40 sen, 3iii will jump in
=============
stock market........is it about price or value?
sentiments or reality?
form or substance?
me? I think the linkage between stock market and reality has been broken a long time ago.................
all macro indicators suggest US is heading straight to recession yet DJ is at record highs..............
anyone thinking stock market is about economics and reality have not been following the stock market the last several decades.............
04/07/2019 12:03 PM
2019-07-04 11:54 | Report Abuse
my article always ended up as kopitiam
people from all walks of life came over to slug it out
2019-07-04 11:49 | Report Abuse
Ricky kit is a very seasoned investor
he is much richer than you
save the pep talks
Posted by 3iii > Jul 4, 2019 11:46 AM | Report Abuse
>>>
Jul 4, 2019 11:15 AM | Report Abuse
all sifu dont fight anymore. making money in stock market is our priority.maybe now is a pivotal time.
>>>>
Young man :-)
Not losing your capital is your priority.
By not losing, your upside takes care of itself.
Not only that, the small gains from your stocks translate into reasonable gains, if your losses are kept small.
2019-07-04 11:39 | Report Abuse
the following is my comments at Yinson
===============
Icon8888 Best of luck to everybody
I miss the boat
But still , wish you guys success
24/06/2019 3:10 PM
2019-07-04 11:37 | Report Abuse
the stock market comprises a broad spectrum of players
some like quality, some like special situations
if we can stop attacking people that are different from us, there will be more peace in this world
2019-07-04 11:36 | Report Abuse
I went there and congratulate the forumners instead
2019-07-04 11:35 | Report Abuse
then go and buy Yinson lah
have you ever seen me go Yinson thread and bad mouth ?
2019-07-04 11:34 | Report Abuse
what you said is only partially true
if you are Yoong Oon making mattress and make a cash call, I will be upset. Because the business is limited to Malaysia and not really scalable
but if you are a company like Armada that can venture overseas and has tremendous business potential, I am actually happy to tolerate short term pain by doing a cash call
that will enhance its sustainability and allows it to unlock its full potential by bidding for more contracts in the future
do a cash call, start afresh, gear up and grow again
AK you can do it
Posted by stockraider > Jul 4, 2019 11:28 AM | Report Abuse
U NEED TO PUT UP THE BUSINESSMAN THINKING CAP...IN ORDER TO USE ON MONIES LIKE RIGHT ISSUE IS VERY INEFFICIENT MAH...!!
2019-07-04 11:26 | Report Abuse
4.50
depends on dividend yield
if yield is supper good, it will cause extra re-rating until yield falls in line with market norm
Posted by Ricky Kiat > Jul 4, 2019 11:20 AM | Report Abuse
bro icon888, what is ur target price for mfcb after powerplant commission?
2019-07-04 11:25 | Report Abuse
fools and the mass knee jerk reaction every time there is a cash call
a contrarian investor that can think independently will see the nuances
and act differently
2019-07-04 11:23 | Report Abuse
and Yinson recently did a perpetual sukuk issuance at 7.8% rate to raise funds
2019-07-04 11:22 | Report Abuse
rights issue is bad only when there is lack of earnings
if there is strong earning and PER is low, rights can be a good thing
because it enhances sustainability
do you guys know that Armada did a massive rights in 2014 to finance expansion ? So did Yinson in 2012 (please double check timing)
nobody makes a sound then
2019-07-04 11:20 | Report Abuse
that is why I dare to buy
2019-07-04 11:19 | Report Abuse
when I buy into this stock, I am actually ready for a cash call
in my opinion , a rights will dilute EPS, but it will unlock overhang and expand PE multiple
if done properly, it will create value for shareholders
2019-07-04 11:13 | Report Abuse
3iii angry with me because I snored at his thread
now he is reciprocating
2019-07-04 11:10 | Report Abuse
told you 3iii is high class
he opens his mouth golden words will come out
2019-07-04 11:07 | Report Abuse
3iii high class
he doesn't need to eat like us
he eats grass
2019-07-04 11:05 | Report Abuse
nothing wrong with cronies
I love cronies, as long as can help me make money
2019-07-04 11:00 | Report Abuse
the reason I am being so cautious is because I recently bought a fair bit of MFCB Warrants at around RM1.35, which I need to exercise next year April at 2.22 per share
2019-07-04 10:58 | Report Abuse
having said so, I am actually being very cautious
for every stock that you saw me buying, I am quietly selling some other stocks that I feel are too dinosaur (sorry 3iii)
I am keeping spare gunpowder
just in case
2019-07-04 10:56 | Report Abuse
sifu Ricky have you ever heard of something called Trump Put ?
everybody in US now believes such thing exist
they believe that next year is presidential election
and trump is super obsessed with stock market performance
so every time market tanks, they know they can rely on trump to spruce it up
2019-07-04 10:50 | Report Abuse
hoseh
sifu cheoky really got Midas touch and golden mouth
2019-07-04 10:49 | Report Abuse
don't waste time on 3iii, he is seasoned enough to know what is going on
he just refuses to accept the concept is valid
2019-07-04 08:40 | Report Abuse
If you read last week the Edge, it quoted the boss sundhilip Singh as saying that he targets to achieve market cap of RM500 mil by 2022
Divided by 170 mil shares, it will be RM3.00 per share
But of course on top of higher share price, increase of market cap can also be due to issuance of new shares for assets acquisitions (which the new boss has done recently)
That is why I said "potentially" RM3.00
Having said so, it seemed that the new boss has already worked out a plan how to grow the company going forward (otherwise won't so gungho quote the 500 mil figure)
Whether can achieve or not we wait and see loh
Nobody can guarantee you anything in stock market
2019-07-04 08:25 | Report Abuse
I dumb dumb hold
Dumb people like me only knows dumb dumb hold
Not like mike Chong so clever
2019-07-03 20:27 | Report Abuse
Wah seong boss also jumped in
Follow him cannot be wrong
2019-07-03 20:23 | Report Abuse
Boundless opportunities for heitech Padu
2019-07-03 16:05 | Report Abuse
Actually no need to complain about private placement , they are not doing it excessively
And also the money raised will generate additional profit
Don't be too ideological about equity dilution
A moderate amount is ok
2019-07-03 14:55 | Report Abuse
But that kind of cats very difficult to catch
If not careful it bites you instead of bite mouse woh
2019-07-03 14:19 | Report Abuse
Gkent no moat lah
Anybody has money can employ Engineers to build a rail division
YTL last time built power division like that also
2019-07-03 11:27 | Report Abuse
withdraw my earlier criticism for this stock
bought big today
I maintain my view that the company does not have moat
but it doesn't matter
order book is RM5 bil
even if net margin is 5% (I diok , if lower than that), total construction net profit is already RM250 mil
lets say spread out over 5 years, every year construction net profit already RM50 mil.
add the water meter net profit of RM30 mil per annum (very very conservative), sustainable profit is easily RM80 mil per annum
market cap now is only RM670 mil, meaning prospective PER is only 8.5 times
attractive valuation + strong earning visibility + net cash balance sheet = BUY
2019-07-03 08:30 | Report Abuse
Owing to delays in securing land rights, the cost of land acquisition (particularly in Selangor) is expected to climb to RM2.13 billion – exceeding the government’s allocation of RM980 million by RM1.15 billion. West Coast plans to fund the additional land cost with costs savings from project expenditure, toll revenue from earlier-completed sections and equity injections. That said, the Company is currently appealing approximately RM830 million of the land compensation award. Although the risks of hold-ups in obtaining land rights and potential increase in land cost remain, only 6% of private land for the Project has yet to go through the land enquiry process.
2019-07-03 08:29 | Report Abuse
Not keen on WCE
2019-07-02 20:28 | Report Abuse
Can go up lah. When market bullish, KNM also can go up
But It is not a Coca Cola
So don’t pretend to be
2019-07-02 18:46 | Report Abuse
EPF do not interfere
It let fund managers decide
2019-07-02 18:45 | Report Abuse
EPF farms out money to different fund managers
Manager A sold at 19
Manager B decided to buy at 21
Happened all the time
Posted by InvestorKING > Jul 2, 2019 6:23 PM | Report Abuse
EPF sold almost 47mil shares from 0 21 to 0.20, then 50mil+++ from 0.19 to 0.18
Then now acquire back 15m shares at 0.21 dated 27.6 2019??
Blog: (Icon) Bumi Armada - A Not So Good Company Selling At Cheap Price Can Be A Good Buy
2019-07-04 13:28 | Report Abuse
One day I will organise a dinner for qqq3 and Otb
Ask them kiss each other and patch up
https://en.m.wikipedia.org/wiki/Socialist_fraternal_kiss