Bas138, Armada is not suitable for you as it's very high risk counter

Stay tune

Wah, huge block at 0.20

This year or early next year oil price will hit 100

https://oilprice.com/Energy/Oil-Prices/The-Case-For-100-Oil.html

Definitely will have news, just don't know when only

They like to delay announcing news

Honestly Armada is popular because of delaying King

Waiting for good news till our neck also long

Next week confirm got positive announcement, so buy this week and wait for next week announcement

https://oilprice.com/Energy/Oil-Prices/Brent-Could-Hit-80-This-Summer-As-Hedge-Funds-Lose-Steam.html

Oil can hit 80 during this summer

Today buy rate only 12%?? So low???????

I believe in mengyew only

Don't ever believe n bother this kind of technical analysis, it's better to look at fundamental n expected news

Today most oil n gas counters drop except bumi n knm

EPF previously kept dumping then bad quarter report out, now EPF keep dumping for? Debt restructuring got problem again?

Ya true, why EPF selling even though debt restructuring this month? EPF keep dumping though, something bad happening?

Totally no idss???

Honestly, now stock market very risky,because djia already up so much and at historical high price, once collapse then whole world economic crisis, then whole world stock market tumble

Shorties no more bullets??

Where r shorties? No.more see any shorties?

Where is nasaie? He seems to be disappearing?

What two fantastic news?

It's the same la bro, didn't mention much, only mention bumi is the only bidder and chances of winning is very high, and award would be very soon

https://www.upstreamonline.com/hardcopy/1748494/ongc-close-to-awarding-deep-water-floater-deal?utm_source=Upstreamonline+Daily+Newsletter&utm_campaign=b214bca4e3-EMAIL_CAMPAIGN_2019_04_12_08_00&utm_medium=email&utm_term=0_3d794df7ec-b214bca4e3-310492625

How you know CT?

Based on the financial review of Armada, it was determined that: -

PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 14.25 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 6.5 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING

Armada’s ability to secure new contracts is likely to be 0%

PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.

6.5 years to go or 27 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.1 billion in profits.

Rm20.5 billion confirmed sales for next 6.5 years. Actual operations profit from Rm20.5 billion is around Rm8.5 billion. Rm8.5 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12.5 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.

It is enough to pay off the RM13 billion debts (excluding interest)?

HOW TO MEET THE RM5.5 BILLION DEFICIT???

How much ADDITIONAL new revenue is needed for Armada?

=================================
Around RM13 billion in new sales / revenue.
=================================

That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.

So it’s the crunch time now. What are the options available to the shareholders?

1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive

1. Taking Armada private

Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.

2. Sell Armada

No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.

And new owners have to come up with an additional RM5 billion to pay off its debts.!!

3. Dispose assets to continue to survive

Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.

With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.

Despite the enthusiasm on the following: -

Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs

Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.

Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.

We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.

We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.

As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.

Looks like its "ride the train for as far as you can" before it breaks down.

Even the conclusion of the so-called new-debt to settle debt doesn't change anything.

hic!

Based on the financial review of Armada, it was determined that: -

PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 14.25 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 6.5 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING

Armada’s ability to secure new contracts is likely to be 0%

PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.

6.5 years to go or 27 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.1 billion in profits.

Rm20.5 billion confirmed sales for next 6.5 years. Actual operations profit from Rm20.5 billion is around Rm8.5 billion. Rm8.5 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12.5 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.

It is enough to pay off the RM13 billion debts (excluding interest)?

HOW TO MEET THE RM5.5 BILLION DEFICIT???

How much ADDITIONAL new revenue is needed for Armada?

=================================
Around RM13 billion in new sales / revenue.
=================================

That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.

So it’s the crunch time now. What are the options available to the shareholders?

1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive

1. Taking Armada private

Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.

2. Sell Armada

No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.

And new owners have to come up with an additional RM5 billion to pay off its debts.!!

3. Dispose assets to continue to survive

Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.

With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.

Despite the enthusiasm on the following: -

Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs

Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.

Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.

We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.

We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.

As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.

Looks like its "ride the train for as far as you can" before it breaks down.

Even the conclusion of the so-called new-debt to settle debt doesn't change anything.

hic!

The PR engine of the Main Shareholder were put into speedy action by "people with knowledge on the matter". Look at the words "Billionaire Ananda Krishnan is said to near US$500m loan deal". Such a catchy phrase!

With this latest FIASCO yet again, the below statement is now appended to now read (numbers relating to debt has gone up and revenues have gone down): -

Based on the financial review of Armada, it was determined that: -

PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 14 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 6.75 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING

Armada’s ability to secure new contracts is likely to be 0%

PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.

6.75 years to go or 27 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.1 billion in profits.

Rm20.5 billion confirmed sales for next 6.75 years. Actual operations profit from Rm20.5 billion is around Rm8.5 billion. Rm8.5 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12.5 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.

It is enough to pay off the RM13 billion debts (excluding interest)?

HOW TO MEET THE RM5.5 BILLION DEFICIT???

How much ADDITIONAL new revenue is needed for Armada?

=================================
Around RM13 billion in new sales / revenue.
=================================

That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.

So it’s the crunch time now. What are the options available to the shareholders?

1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive

1. Taking Armada private

Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.

2. Sell Armada

No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.

And new owners have to come up with an additional RM5 billion to pay off its debts.!!

3. Dispose assets to continue to survive

Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.

With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.

Despite the enthusiasm on the following: -

Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs

Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.

Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.

We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.

We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.

As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.

Looks like its "ride the train for as far as you can" before it breaks down.

Suddenly news about getting the refinance loan approved, then suddenly subdivision of shares for management incentive plan, then suddenly today the India ongc project, what's big shark trying to do now???

Anyway, those news not official yet, we better with for concrete n solid announcement

Maybe big shark knows that shorties borrowed another 100mil +++ ready to short, then big shark purposely come out another news using different bank to absorb all the shorties shares again, fantastic straregy

See, trap again by big shark

In the mean time, AmInvestment has maintained its ‘Hold’ call on the counter with fair value of 20 sen per share.

This is on the back of 30% discount to its sum-of-parts valuation of 33 sen per share, in light of a possible equity-raising exercise to resolve its a US$380 million (RM1.6billion) unpaid short-term and another RM926 million debt repayment due this year.

“The negotiations with Bumi’s financiers are expected to be resolved by the end of this month,” the note said.

It's a trap, don't fall into trap, wait for concrete announcement first

I think today volume maybe around 10m to max 20m

See the volume already know the news is coming soon

Totally stagnant volume

So, get ready tomorrow or Monday or latest by Tuesday, announcement soon

I think you see the sell queues getting lesser n lesser, I think tomorrow or Monday or latest by Tuesday will make announcement already, their trading and announcements pattern

Tomorrow is T3 and Monday is T4

So I believe next Monday or Tuesday, they will definitely make announcement already

And very funny is why the volume is suddenly slowing down? It's what nasaie said is true? Almost stagnant already

If follow yesterday volume of 21m, now still left 9mil shares to go

Now seems like the big shark really like to make some news on Monday and Tuesday,as they changed the strategy already, last time always Thursday n Friday,now become Monday and Tuesday

If 4mil shares shorted at 0.20, if price up to 0.30, the shorties will lose 400k, really speechless that shorties really no brain

Shorties not aware that good news coming soon, but still dare to short

Price drop because of brainless shorties keep shorting

Uncle Lim, what are those 3 big good news?

I only know 2 which already confirmed which are debt restructuring and subsea, u mean court case or India project?

Brent oil almost touching 72, and still bullish , I guess this week will be up to 80++