This coming AGM at 28.5, we all really need to attend it, and keep giving pressures to them, really a lousy stock so far, with good news, price still remain at 0.22, it's totally undervalued

Yesterday dropped 1cent to 0.21, then got good news, today go up 1cent n back to 0.22, back to square again

Really speechless

Good news only buying rate 30%

This gogo lim words cannot be trusted, see his past comments, all failed, now second wave? Second wave sell down la

It's actually back to square again, at this price 0.23, is the price bought by EPF last Tuesday, no difference

CT what good news then;?

Speechless, good news but buying rate so low

I think the Armada operator don't want push already

This round the volume is much lower than 2 weeks ago, n also not up much this round

But anyway, buy for another three good news:
1. Subsea project (already confirmed and awarded, but they keep holding this news(

2. Court case (strongest catalyst)

3. Impairment write back (if 1.2b write back, means another 20cents gap up)

Don't think will up above 0.28 , n don't say break 0.30

We buy for waiting the Armada court case winning that's worth 20cents gap up

I think we just follow EPF where they bought at last Tuesday at cheap price range of 0.23 to 0.24

Now 0.21 to 0.215 or even 0.22 are still considered very cheap

The next very good news will be the court winning for Woodside claim, which is value worth of 20cents (1.2b) compensation claim

If war starts between US and Iran, then oil price will continue up

Djia surprisingly no big drop, and oil price surprisingly up, maybe due to the tension between US and Iran

This project they just deploy their Armada Claire, so no need to raise capital actually, but all other costs will be borned y the jv partner shapoorji

I think the most will up only around 23 to 27 range, unlikely break that range

But again, I think with the Armada trading pattern, it will not up much also, as shorties are getting ready with their bullets

30% from 8.7b, it's already rm 2.6b, it's considered a huge project already

And now got shorties, even worst, shorties will try all the way to maintain the share price

I think if got up, also up a bit only, then drop back again one, that's Armada trend

Tomorrow we will see another huge volume but little price movement, then few days later back to square again

Jay, u got to be kidding,I never see Armada got limit up till now, for so many years

Kuala Lumpur, 6 May 2019 - Malaysia-based international offshore energy facilities and
services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced that
its joint-venture (“JV”) company Shapoorji Pallonji Bumi Armada Godavari Private Limited
(“SPBAG”) has received a Notification of Award (“NOA”) from India's state-owned oil company
Oil and Natural Gas Corporation Limited ("ONGC") for the charter hire and operations of a
Floating Production, Storage and Offloading Vessel ("FPSO") (collectively referred to as “the
Contract”).
SPBAG is a 30:70 joint venture between Bumi Armada and Shapoorji Pallonji Oil & Gas Private
Limited of India (“SPOGPL”).
The FPSO will operate in the ONGC NELP Block DWN 98/2 Development Cluster-II field,
located off the west coast of Kakinada, India. The Contract is for a fixed period of nine (9)
years, valued at approximately USD2.1 billion (approximately RM8.8 billion). ONGC has the
option to extend the Contract for up to seven (7) years, on an annual basis and if fully
exercised, the extensions would be worth approximately USD655 million (approximately
RM2.7 billion).
Commenting on the NOA, Mr. Leon Harland, Executive Director and Chief Executive Officer,
said, “This is a very positive result for Bumi Armada. We are extremely proud that our JV with
SPOGPL has been awarded our third FPSO project with ONGC.
The JV with SPOGPL has been a very successful partnership, this being our third FPSO
project together in India and fourth in total. I would like to personally thank everyone involved
in securing this project. This is a positive result for the Group and the project will add value to
Bumi Armada going forward.”
####

EPF acquired 15mil shares in 30.4.2019

I think if today got the contract, either tomorrow or latest by Wednesday will make concrete announcement

We just follow shark keep collecting at 0.21 to 0.22 price range lo n keep it lo

ONGC contract finally awarded to Armada already

Thanks canjunming

Cheap is because of shark keeps collecting the shares at cheapest price as possible

Now 0.215 super CHEAP price

Actually now it's very good price to enter while waiting for few good news

It's really back to square again

Huge block at 0.215

If the price stabilise at 0.24 range I'm still not that frustrated, but everyday dropped 1.5cent , but no sign of rebound, meaning heavily manipulated by the shark behind to collect cheapest shares

It's really unacceptable at this price of 0.22, because it's totally too much undervalued

In fact the debt refinancing is a very good catalyst and the reason why Armada dropped from 0.3+ to 0.145 is due to this debt refinancing issue being dragged from September 2018 to December, that's why share price was manipulated by sharks to collect cheapest shared at that price from December to now 0.22

By right once debt refinancing is done, the fair value of Armada should worth at least 0.33 to 0 37 range

But unfortunately, this shark really fishy n cunning and trying to collect the most shares from shorties, and manipulating the price all the time

Please be united to make complaint to them together, I alone cannot create much pressure go SC and bursa

If you have any complaints and/or enquiries pertaining to the Malaysian capital market, you may contact the Consumer & Investor Office (“CIO”) by:
Calling (603) 6204 8999;
Emailing aduan@seccom.com.my ;
Mailing to:
Consumer & Investor Office
Securities Commission Malaysia
No 3 Persiaran Bukit Kiara
Bukit Kiara;
50490 Kuala Lumpur;
Faxing (603) 6204 8991

But till now, Bursa never got back to me?? Only SC investigating it seriously

Sad on Bursa, maybe they all pakat?

In fact, this counter is really heavily manipulated by shark behind

Just now SC called me ,they are now investigating this idss and also manipulation of this counter

They also feel suspicious as almost everyday Armada is top volume, if not also top 5 active volume

Hope they can catch those idss players n manipulators behind ASAP

Don't think shark will push up the price back to 0.235-0.24 range, as still want to collect cheapest shares now, really cunning

This big shark let the shorties stupidly shorted down the price and collect more cheaper shares from shorties, shorties kena trapped again n again, never learn any lessons

Volume very low today

Today mostly close around 0.215 to 0.22 range

Already observed RSS, very little or no RSS shorties, mainly I think is idss n sbl nt

Big shark (AK + EPF) operator said: we don't let the price up above 0.25, don't say 0.30 and we still delay announcing another few more good news, as we still want to collect much more cheaper shares from stupid shorties, hope shorties can short harder and harder