Maybe he shorted a lot of shares and wanna buy back to cover position, but couldn't find sellers at lower price, that's why pakat with reporter to come out with only 2 short sentences news

This Kuala kangsar must be shorties :)

Repeated the same issue of debt again, I think Armada operator still want to collect more new sohai stupid shorties shared again, that's why asked the reporter to write negatively again

Agreed with winmall

Robert, I also thought I can collect at 0.40-0.415 just now, but anyway, hope to collect next week 0.42-0.43 again, buy on dips

Unless idss sign sbl with the shares lenders, then no need to buy back within T6

Idss got T6, so T6 for Tuesday is next Thursday (Monday public holiday)

Contra players got T2 or T2.5 (means another half day)

I believe today and yesterday idss are done by Armada operator, because Armada operator know that how many contra players playing this stock and when due

As expected, Armada operator will slow press down the price from 0.455 to 0.40 again to seduce and collect those sohai stupid shorties shares again

https://www.facebook.com/1646918905550983/posts/2351459548430245/

No show today?

So buying at 0.40-0.42 are the safest

Armada operator and EPF likes to buy at around 0.49-0.42 price range one

Happy deepavali shpok

Today quiet and low and slow volume, everyone including Armada operator wanna go and celebrate deepavali already

*Market News 25/10/2019*

*The Federal Reserve likely will cut interest rates next week*, but in doing so will make a pair of adjustments aimed at signaling that the current easing cycle could be over, according to a *Goldman Sachs forecast.* (CNBC)

*Business decision-makers in Asia Pacific cite the prospect of a global recession and the impact of trade tariffs as the biggest risks for their companies in the next six to 12 months*, according to a survey from J.P. Morgan. (CNBC)

*UEM SUNRISE BHD* unveiled on Thursday its integrated township in the heart of Kepong, Selangor – Kiara Bay – with a total gross development value of RM15bil. (TheStar)

*Karambunai Corporation Bhd's (KCB)* largest shareholder Tan Sri Chen Lip Keong's proposal to take the property and tourism company private is not fair but reasonable, the independent adviser Inter-Pacific Securities said. InterPac said on Thursday the share offer price of 11 sen was a discount of 14 sen or about 56% to the revalued net asset value (RNAV) per KCB share of 25 sen. (TheStar)

*MNC Wireless Bhd* said the Memorandum of Understanding (MoU) it signed with Urban Setup Sdn Bhd to provide a mobile physical gold retail platform in Malaysia has been terminated. (TheEdge)

*Thursday, 24 Oct 2019 Entitlement Announcement*

5:43PM PAOS Interim Single tier Dividend 0.80 Sen

5:29PM ECONBHD First and Final Dividend 0.5 Sen

5:24PM KESM Final T.E. Dividend 6 Sen

5:06PM CHEETAH Final Single tier Dividend 0.4 Sen

True huat1

The real sell queue is only 7mil shares, why need to worry?

Aminvest already proven two times correct,this time is 3rd time?

Remember this:

We maintain our BUY recommendation on Bumi Armada with a higher sum-of-parts-based fair value of RM0.54/share (from an earlier RM0.42/share), translating to a low FY20F PE of 10x vs. over 20x for the sector.
Bumi Armada’s shares were sold down yesterday likely on news that independent UK-based exploration and production operator EnQuest, currently with a market cap of £296mil (RM1.6bil), has “proactively down-manned” the Thistle platform on Monday in a precautionary move after a preliminary subsea structural inspection related to a support element on a redundant subsea storage tank. Thistle lies around 201km north-east of Shetland.
EnQuest’s 115 workers were transferred from the Thistle platform to the nearby Dunlin installation and has announced that the platform will remain shut down pending the conclusion of further inspection and any necessary remedial action.
EnQuest, which produced 68,548 barrels per day in 1H2019, is expected to generate earnings of US$159mil in FY19F and US$166mil in FY20F, over 2x vs. Bumi Armada. It has interests in multiple oil fields located in the North Sea comprising West Don, Don Southwest, Broom, Heather, Thistle, Deveron, Magnus, Greater Kittiwake Area and Kraken. It also operates the onshore Sullom Voe Oil Terminal, Ninian crude oil pipeline system and Northern Leg gas pipeline.
Recall that Bumi Armada was awarded a US$1bil floating production, storage and offloading (FPSO) vessel charter in 2012 by Enquest for the Kraken field located in the East Shetland basin, 400km north-east of Aberdeen. The FPSO is a converted Suezmax tanker with a daily production capacity of 80,000 barrels and storage capacity of over 600,000 barrels.
While first oil for the Armada Kraken FPSO was achieved on 23 June 2017, the vessel has not been able to secure its full contracted charter rate given technical issues which resulted in sub-optimal production levels. Currently, management is unable to provide clarity on Armada Kraken fully achieving Enquest’s contracted production targets.
As the incident at the Thistle platform is not related to the Kraken field and management views that the worst is over for Armada Kraken’s operational performance, we view the sell-down on Bumi Armada’s shares as overblown.
Nevertheless, given the group’s still higher gearing, we expect further announcements to monetize the group’s offshore support vessels, given its low overall utilization rate of only 50%, idle construction vessels and up to 40% stake in the fully operational US$1.5bil Armada Olombendo, deployed at Eni’s Block 15/06 off Angola.
The stock trades at an undeserved FY20F PE of 7x currently against a backdrop of a sustainable earnings recovery and improving balance sheet risks.
Source: AmInvest Research - 23 Oct 2019

Today strategy is buy on dip

Maybe we can analyse like this:
1. 0.40-0.42 best super buy
2. 0.425-0.45 super good buy (if aminvest 0.54 is achievable in 2 weeks time)
3. Below 0.50 still very good buy (if aminvest 0.54 is achievable in 2 weeks time)
4. Of course, if below 0.40, close eyes sailang and buy

Actually aminvest giving fair value of 0.54 is still a bit away from the director mentioned 0.57-0.58 as fair value

When the price was at around 0.20+, I already said fair value is 0.50+++ easily, now the price climb from 0.20+ to now 0.435 and touching 0.50 on Tuesday

If this is the case, then below 0.45 is really super good buy already

Anyway, hard to say, price will trade around 0.40-0.45 again, because whenever aminvest gave new target price, after TWO weeks, then price breakthrough 0.30, then 0.40, then this time break 0.50 again in 2 weeks time??

I saw a lot of klse comments, alot of people waiting for big drop for this counter to in, they said lost opportunities to buy on Tuesday

Because previously when there were before quarter announcement, Armada operator will control the price around 0.x0-0.x2 figure to collect those sohai stupid shorties shares, this time might be the same also?

When 0.20-0.22, then 0.30-0.32, I believe now also will be the same, 0.40-0.42 before quarter report announcement out next month (which is 4 or 5weeks away only)

Maybe Armada operator will like to press down the price to 0.40-0.42 figure to collect more cheap shares

As expected , T2 is always like that, Armada operator sure want those contra players lose money and sell cheap cheap to them

As expected

Today is T2 la

Knm chasing Armada again?

Come on, if no big drop, also please let me buy below 0.45

Come on, one more time big drop again please

Seems like contra players already sold their shares?

Micsoh, got buy abit only

Bought back some shares at 0.455, will wait for 5months again

Now totally no chance to buy below 0.45

Today T2, sure drop

Today T2, watch out

Maybe aminvest this round setting this price 0 54 is actually a big trap for all

Today T2, watch out

Today T2, watch out

This Armada operator very cunning, now advertised everywhere already

https://www.klsescreener.com/v2/news/view/593532

Tomorrow is T2 for Tuesday, watch out guys

Now I really don't mind u Armada operator repeat this again

Maybe the Armada operator already know that we always buy for every dips, then they made a huge big dip yesterday to frighten us off

Mikekim, just wait for their announcement