I personally studied the whole quarter report for 4 days without missing any, the company should worth for 0.50++.

The media always repeat the high debt high debt, actually it's to frighten those retailers and investors

If you really study in depth the report, the 10b can be settled as fast as 5years, and if Woodside claim is won, then will be 4'years, fully settled with no debt
Company has a very healthy and strong cash flow coming in everyday

Because I believe Armada not only worth for this low value, it's still super undervalued

FINAL Bullet

Don't ever bother these people, just keep buying, luckily I managed to recover back my bad debts of 510k, will buy 1.9mil shares again to up

Feel like today is catching those contra players??

Buy when drops like today

EPF keeps buying

If EPF or Armada operator not buy today, external funds also will come in and buy

Oil and gas up 4+++ % in a single day, today oil and counters show

Wow, oil price up 4++- ‰, today oil counters will be speculated

Wow, EPF bought 6.1m, EPF might buy more and shares price might further go up

They got bad intention here

Yes right, after report out, all these dogs coke out and bark and bark

True, hopefully today klci will big rebound

In fact, current price of 0.25 is considered very very cheap

Today market is T2, I think Armada operator will make sure all contrarians sell back all their shares to them

Really don't know what's the intention of this moneykj, keep on posting those negative comments to Armada? Before quarter result out, never seen this guy before, after result out, everyday morning till night till today still seeing this guy posting

That's old news moneykj

Not sure today klci will rebound? External fund managers will come in to buy Armada??

Only Armada operator and shorties games yesterday only

Yesterday market was weak, and external fund managers and retailers not really buying in Armada

I thought djia dropped a lot, just dropped only 200++ points, luckily not much, oil price also not dropped much

If shorties shares are being collected by Armada operator and not sell, shorties shares (last Friday around 70mil idss shares, today around 64mil idss shares), if shorties really buy back their shares, price already surge to very high

Today klci market very weak

RJ, don't expect shorties will buy back, shorties won't buy back their shares one, they can just sign SBL agreement buy borrowing shares from the lenders and keep it into fridge

Armada got superpanda

Midf giving fair value of 0.38

Sychan not barking at me already?

Just hold tight

Stay tuned

Next strong catalyst, anytime will announce that Armada secured the Russian subsea construction project for Armada installer n Armada constructor

Whoever sell now that'd very stupid

Before quarter report out, 0.26-0.265 is still cheap because value worth for 0.30++++ at least, after quarter report out now, 0.26-0.265 is even very cheap

True mikekim, 0.26 is still super cheap now, only Doha stupid shorties continuously shorting by giving free cheap shares to Armada operator to collect only

Both cimb n aminvest upgraded from 0.18 & 0.20 to now 0.36 & 0.33, but price still can't go up above 0.30

Funny,. Can't even break 0.27

Then u go n sailang at dsonic, Armada not welcome u

No need to quarrel or argue, just wanna share my fair heart words, current price is still very cheap and undervalued, I think external fund managers after studying they might know the company should worth more than that

They have been manipulating the shares price and con alot of shorties for now

I think it's very hard to break 0.285, because of Armada operator and EPF both controlling the Price

Even if it hits .0 285, I think also hard to break 0.285

Investar, u r right, previous 3 good news not even able to break 0.275, don't say 0.285, then it's very fast to go down like that


Investar2862 ARMADA... FROM A TECHNICAL ANALYSIS PERSPECTIVE:

A couple of things we can look at from TA to make a better decision (BUY/HOLD/SELL) on ARMADA...

+ Price dropped below 0.255 (current price) was 9 months ago, since 29 November 2018. On that day, price dropped 28.3% from intraday high of 0.275 to the low of 0.18 and subsequently bottomed at 0.145 on 20 December 2018

+ Important to note that during this 9 months period when price is at low, volume were significantly high (compared to since 2011)

+ After bottomed at 0.145 three times (on 20 & 21 December 2018 & 8 January 2019) ARMADA's stock price was in sideways consolidation and started a move higher very slowly, hit 0.255 on 14 February 2019 and fall back, hit 0.285 (made a higher high) on 24 April 2019.

+ The current price is at 0.255. Will it be able to make a higher high beyond 0.285 achieved on 24 April 2019??

+ Current almost short-term technical indicators have a bullish outlook
01/09/2019 2:12 PM

Last time aminvest gave 0.20, now only 0.33

Highlights
We upgrade our recommendation on Bumi Armada to BUY from HOLD with a higher fair value of RM0.33/share (from an earlier RM0.20/share), by removing the 30% discount on our sum-ofparts of RM0.33/share given the group’s improving earnings and debt profile.
While net gearing remains elevated at 2.7x, the group’s recent refinancing arrangement has extended repayments beyond its earlier short-term duration with the RM1.5bil sukuk bond being reclassified under long-term liability.
The group is negotiating with its lenders for the RM1.6bil loan which was extended for the financing of Armada Kraken. This could enable the reclassification from short term to long term. The remaining short-term debt of RM1bil mostly involves project financing for FPSO vessels which will be progressively paid from their secured charters. Together with the plan to dispose of some of its FPSO stakes and idle OSV vessels, we view that the risk of an equity-raising exercise has receded.
The group is also negotiating with financial institutions to project finance its 30% equity stake in the JV with Shapoorji Pallonji Oil & Gas (Shapoorji) to provide an FPSO vessel for ONGC’s NELP Block KG-DWN 98/2 Development Project Cluster-II field off Kakinada, India. Recall that the vessel could cost over US$1bil.
Our FY19F earnings have been raised by 26% as the group’s 1HFY19 core net profit of RM140mil was above expectations, accounting for 61% of our FY19F earnings and 57% of consensus. As a comparison, the group’s 1H accounted 47%–51% of core earnings in FY12–FY14 before the emergence of impairments which skewed its results. We have largely fine-tuned FY20–FY21F earnings as our assumptions are unchanged.
While the full impact of the group’s 2ppt hike on the US$660mil (RM2.7bil) refinanced term loan on 23 May this year has not been fully reflected in 2QFY19, management views that the worst is over for Armada Kraken’s operational performance which has been delivering sub-par production levels.
Nevertheless, management did not provide clarity on Armada Kraken fully achieving the client Enquest’s contracted production targets. Its construction vessels, which have been idle since December last year, could still be idle in the Caspian Sea this year unless additional work scope can be secured from LukOil.
Bumi Armada’s 2QFY19 revenue rose 9% QoQ to RM536mil from the improved operational performance of Armada Kraken which had resolved its power generation issues, supported slightly by one-off productivity incentives and additional charter days from Armada Olombendo. This primarily drove 2QFY19 net profit up by 26% QoQ to RM78mil.
The stock trades at an unjustified FY19F PE of 4x currently against the backdrop of diminishing capital-raising risks.
Source: AmInvest Research - 30 Aug 2019

So only those sohai stupid shorties keep shorting n shorting and give cheap cheap shares to Armada operator to collect only

The reason why will not go up to 0.26, or 0.27 is because Armada operator still controlling the price and wants to make sure their costs of collection is lesser than 0.25

Like this is congratulations,? Just up only 3cents, it's very little only la

Both Armada installer n constructor should have secure jobs, two jobs at once

Kirinskoye job
Battle for EPCI work as part of gas field expansion off Sakhalin Island

Xu Yihe
Singapore
29 Aug 2019 22:00 GMT
Share: E-mail
Three contenders are in talks with Russian operator Gazprom about engineering, procurement, construction and installation work on the expansion of the Kirinskoye gas-condensate field in the Sea of Okhotsk off Sakhalin Island.

Industry officials said units of Chinese contracting giant Offshore Oil Engineering Company (COOEC) are involved in two of the three groups — one with Nomic of Russia and another with Malaysia’s Bumi Armada. These groups are also holding talks with Gazprom and an unnamed main contractor in Russia for the work. TechnipFMC is the third contender.

The contract involves an installation and tie-in programme for the expansion project and will include work on five infield flowlines, export pipelines, five infield umbilicals, electric and hydraulic flying leads, 11 spools and protection structures as well as pre-commissioning.

The flowlines are 10-inch diameter while the export lines are of 20 inches, spanning close to 30,000 metres. The umbilicals will have a total length of about 15,000 metres.

Sources suggested that for one of the bids COOEC’s headquarters in Tianjin is directly talking to Gazprom via Nomic, while COOEC Offshore, a new outfit comprising COOEC Subsea and COOEC Installation, has formed a partnership with Bumi Armada for a separate joint proposal.

It is not clear when an award will be made, though work is expected to start next year. Sources said that the weather in the area of the Kirinskoye field only permits offshore work for two seasons each year.

Bumi Armada, via its regional outfit Bumi Armada Caspian, has been operating in Russia since 2010 and had an original focus on Lukoil projects in the Caspian Sea linked to the development of the Filanovsky field.

A year ago, Bumi secured a $134 million contract from Lukoil for engineering, procurement, construction and installation work involving the installation of around 20 kilometres of pipelines in the Filanovsky field.

Kirinskoye was the first offshore field in Russia to be developed via a subsea system to produce natural gas. First production was in 2013.

The development of Kirinskoye is part of the Sakhalin III project to supply gas for the Eastern Gas Programme that encompasses the eastern parts of Russia and Pacific Asia.

For the initial development, Saipem was contracted to carry out work on the subsea system covering marine surveys and pipeline installation. Then-FMC supplied subsea production trees, manifold, wellheads, choke and subsea control modules and multiphase metres.

Armada operator still waiting for more n more sohai stupid shorties to keep shorting then collect their cheap shares