Ha ha not like the Insas boss bought Inari shares...not speculative play...

See wat happen to metronic...today...

No lah collecting Iris...

Like MNC ke ...

See Kanger...Bad intention will bring bad karma...

At least stop once of the blower king moneykj/ moniekj intention....

Why worry just post the positive big picture..why no confidence ke...

w 1) total debt?? 11.5 bil
2( gearing ..2.7X
3) Claire material ligitation ?? Uncertain to win as the new company take over follow fixed contract term to terminate contract . Option contract signed or not ..big ?? New company so confident to terminate the order??Armada buy time only...
4) Kraken order as mentioned earlier will not profit with the 1.6 bil impairment...if usd down to 2013 when signed the contract x 3.2 ..with X4.2 cuŕrent cost eat up 39% plus currency if x3.2 will be cost 48 % ..compare gross profit 38% ... daily pump investor blood ...ps..kraken cost is usd30 per barrel ..the highest among the 6 fpso..
5) India new order will bring revenue rm 300 mil a year ..gross profit 38% is RM 112 MILLION ..but Armada yearly finance cost is rm 528 mil...no project funding .to sell project ownership % to get funding..GRoss profit will be greatly reduce..
6) 2011 relisted..2012 to 2014 make profit..2015 to 2018 make loss ..also make impairment rm 4.4 bil in 4 years..so fishy where r the money gone ??
7) The big boss AK being sue by India government in 2014...and 2015 start Armada make losses..
8) the big boss sue by India government together with Astro ex deputy executive chairman on Maxis money flow to India 5 times more than permitted.how..india minister father n son being sued also on corruption.
9) AK investment in India Aircel rm 25.7 bil go to drain as Aircel is apply insolvency bankrupt with debt rm 11.88 bil ...Aircel had sacked 2000 employee on August'2019..Maxis is Aircel ownership of 74%..
10) Kraken no profit ..high chance is loss..India new order with 38% gross profit is RM 112 MIL..Indonesia n Vietnam FPSO contribution not so great..oms services no more one time big big order of abt rm582 mil.. order down by abt 40% ..JUST finance cost is RM528 MILLION / yr..Admin cost is abt RM 110 MILLION /yr...
Not looking good...very bad situation..

Ho ho comments do hv negative n positive ..as long is facts comments..not blowing...let the ppl do research n analysis to make own decision....

Anyone try GEM apps...Vasu time i down load ..in to register then said some problem cannot register...

Vasu time partner with 2go trade limited..address.
8 Science Park W Ave, Pak Shek Kok, Hong Kong
Google said no more operate in this location..

Now with 2go tech......

Sychan/rj87 hold 10 b shares ...ha ha ..no wander each day counting money...just loss until psycho brain crashed....soft shell crab/ crab king...kiki

Ho ho armada claire initial claim is usd 7.7 million which is the claimable amount if awarded...if awarded..

India new order .:

The joint venture entitles Bumi Armada for a 30 per cent of the contract value. The contract secured for its FPSO is for a period of nine years, valued at approximately US$2.1 billion or RM8.8 billion which translates to annual revenue of about RM293 million.

That mean with 38% gross profit is rm 112 mil...
Armada just yearly finance cost is rm 528 mil...how to support operation???

Ho ho AB no credibility loh...:

The surety request was part of a legal action over AB's contract to provide oil and gas drilling services to Woodside off the WA coast being terminated. AB is suing Woodside for $US7.7 million in liquidated damages that it argues fell due after the contract was ended. Woodside sought an interim surety order of $500,000 to be reassessed when the case's complexity was better known.

AB objected, saying its drilling ship, Armada Claire, was valued at $US100 million, unencumbered and could be used to finance any adverse finding. AB's parent was worth $US1.7 billion and had issued a guarantee to cover any shortfall, if required. If that failed, Woodside could seek a Singaporean court order to enforce an Australian judgement, AB said.

On 2 November, Justice Martin rejected all AB's arguments. He said while the initial claim was for $US7.7 million, AB had said it would seek additional damages for long-term losses that could bring the final payout to more than $US275 million, well above the ship's value.

w Ho ho sohai rj87 is a blower or manipulator as he claim.. active promoting armada since feb 2017 .. enter at 0.56 at that time .. no chance .. price drop fr rm2 to ard 0.7 at feb 2019 .. then u said re enter at RM 0.7 .. is right ... pity the sohai is crab king .. haha

Copy n paste from RJ87 comments ..
Stock: [ARMADA]: BUMI ARMADA BHD
Feb 28, 2017 12:09 PM | Report Abuse

I entered 0.56, regret never sell off at 0.79 and re-enter at 0.7... So, I don't think quarter report makes much difference to those entered 0.5X range.

Sychan/ rj87 ...blower mah...stupid n sohai until trap...blowing is barking lah...

Ho ho jason barking ke...no lah just crab crab ...trap only . .

Why worry just post yr positive news let ppl to research n analysis to make own decision...

U r newbie ke...worry can get burned out stress syndrom..better go to see a psychiatrist soonest...haha

w 1) total debt?? 11.5 bil
2( gearing ..2.7X
3) Claire material ligitation ?? Uncertain to win as the new company take over follow fixed contract term to terminate contract . Option contract signed or not ..big ?? New company so confident to terminate the order??Armada buy time only...
4) Kraken order as mentioned earlier will not profit with the 1.6 bil impairment...if usd down to 2013 when signed the contract x 3.2 ..with X4.2 cuŕrent cost eat up 39% plus currency if x3.2 will be cost 48 % ..compare gross profit 38% ... daily pump investor blood ...ps..kraken cost is usd30 per barrel ..the highest among the 6 fpso..
5) India new order will bring gross profit 38% rm 320 mil a year..but Armada yearly finance cost is rm 528 mil...no project funding .to sell project ownership % to get funding..GRoss profit will be greatly reduce..
6) 2011 relisted..2012 to 2014 make profit..2015 to 2018 make loss ..also make impairment rm 4.4 bil in 4 years..so fishy where r the money gone ??
7) The big boss AK being sue by India government in 2014...and 2015 start Armada make losses..
8) the big boss sue by India government together with Astro ex deputy executive chairman on Maxis money flow to India 5 times more than permitted.how..india minister father n son being sued also on corruption.
9) AK investment in India Aircel rm 25.7 bil go to drain as Aircel is apply insolvency bankrupt with debt rm 11.88 bil ...Aircel had sacked 2000 employee on August'2019..Maxis is Aircel ownership of 74%..

Ho ho all new wayang kulit actors...pp done to dispose share now....why Vasu disappeared ??

He can just delete the negative comments as he like...tis is just blower gang...

Looks like lky kena old staff pang sai con....

As said today no crab crab dance.....anyhow 3rd quarter until next year will be construction sector...

Ho ho zelan arbitration with meena not need surety ...

Surety shown that the credibility of AB is lacking...hoho

If i recall correctly..the last pp 1bil price at 0.0148...any 0.005 up will gain...

Ho ho oredi said follow fixed term contract is legal...how would u know sure win ????haha

Ho ho Calvin like a pasar malam promoter in ‘tis forum... although I respect yr comments in uzma which is more based on facts...

Ho ho Arnada Claire sure win ke : crab side way la:

Petroleum producer Woodside Energy Julimar Pty Ltd has been awarded a $500,000 surety from an offshore driller suing it for breach of contract.

WA Supreme Court Justice Kenneth Martin awarded the surety over Singapore-based Armada Balnaves Pte Ltd's (AB) objections and assurances any adverse damages would be paid by AB or its Malaysian parent company.

The surety request was part of a legal action over AB's contract to provide oil and gas drilling services to Woodside off the WA coast being terminated. AB is suing Woodside for $US7.7 million in liquidated damages that it argues fell due after the contract was ended. Woodside sought an interim surety order of $500,000 to be reassessed when the case's complexity was better known.

AB objected, saying its drilling ship, Armada Claire, was valued at $US100 million, unencumbered and could be used to finance any adverse finding. AB's parent was worth $US1.7 billion and had issued a guarantee to cover any shortfall, if required. If that failed, Woodside could seek a Singaporean court order to enforce an Australian judgement, AB said.

On 2 November, Justice Martin rejected all AB's arguments. He said while the initial claim was for $US7.7 million, AB had said it would seek additional damages for long-term losses that could bring the final payout to more than $US275 million, well above the ship's value.

Justice Martin said the action was a "mega-case" between "well-resourced corporate giants". He said it would be "extremely complex" and involve highly technical and scientific disputes. Woodside would have considerable costs in preparing its defence.

While the parties' pleadings looked reasonably straightforward – a justifiable contractual termination for alleged serious failure to perform, countered by assertions of an alleged repudiatory breach and consequent claims of accrued contractual entitlements pre-termination and a significant level of loss-of-bargain damages – there was "considerable scope for technical and factual disputation at any trial", Justice Martin said.

AB did not argue the surety was beyond its financial resources. On the contrary, it argued its financial soundness and good reputation meant a surety was unnecessary. Justice Martin said AB's guarantees were "ad hoc" and unsupported.

He could not overlook the fact AB's only asset was a ship valued below the potential final payout and moored outside Australian waters, off Indonesia. While the ship was unencumbered, "that may not always be so for the future".

"A ship is a highly mobile asset [and] can incur liabilities [through] unforeseen exposures arising out of maritime scenarios. Moreover, one-ship corporations or their assets are readily capable of being disposed of."

AB had no other assets within Australia or in Singapore.

The other key negative factor AB raised to resist giving security for costs was a guarantee from its Malaysian parent corporation, Bumi Armada Berhad, which was listed on the Malaysian stock exchange.

But Justice Martin said the guarantee's responsiveness in hypothetical circumstances of an adverse costs order was, prima facie, negative.

A draft bill of costs prepared by Maria-Luisa Coulson showed an ultimate projection of Woodside's trial costs and disbursements to the point of completing discovery of $577,256.93.

Justice Martin rejected criticisms of Ms Coulson's projections, saying they were "petty and cavilling", particularly in the context of "a unique civil dispute and its sizable accompanying documentary discovery magnitude". Her estimate was "not at all unreasonable". Given the massive financial amounts of damages at issue, the criticisms were "nit-picking", rather than raising substantive concerns.

Justice Martin rejected the potential for Woodside to seek enforcement in a Singapore court. He was concerned about Woodside being subjected to years of "hostile overseas enforcement action" if AB did not meet its obligations.

"They are not just hypothetical concerns," Justice Martin said. "No prudent commercial party would ignore such risks possibly jeopardising its long-term cost recovery after a trial."

He rejected AB's argument a large surety would set a dangerous precedent. "This case falls into the genre of mega-litigation, needing to be assessed by the high financial stakes at issue and underlying technical complexities," Justice Martin said.

"It does not set a future precedent for security in more typical day-to-day commercial litigation of a lesser magnitude."

Tukang tilik tak jadi ke....

Crab crab...or clap clap...haha crab gang...loser

Vasu is more powerful..just deleted the negative comments...haha..not removed...

Ho ho wayang kulit actors just acting to con ikan bilis ke....

Ho ho more wayang kulit actors than Vasu gang...

w w 1) total debt?? 11.5 bil
2( gearing ..2.7X
3) Claire material ligitation ?? Uncertain to win as the new company take over follow fixed contract term to terminate contract . Option contract signed or not ..big ?? New company so confident to terminate the order??Armada buy time only...
4) Kraken order as mentioned earlier will not profit with the 1.6 bil impairment...if usd down to 2013 when signed the contract x 3.2 ..with X4.2 cuŕrent cost eat up 39% plus currency if x3.2 will be cost 48 % ..compare gross profit 38% ... daily pump investor blood ...ps..kraken cost is usd30 per barrel ..the highest among the 6 fpso..
5) India new order will bring gross profit 38% rm 320 mil a year..but Armada yearly finance cost is rm 528 mil...no project funding .to sell project ownership % to get funding..GRoss profit will be greatly reduce..
6) 2011 relisted..2012 to 2014 make profit..2015 to 2018 make loss ..also make impairment rm 4.4 bil in 4 years..so fishy where r the money gone ??
7) The big boss AK being sue by India government in 2014...and 2015 start Armada make losses..
8) the big boss sue by India government together with Astro ex deputy executive chairman on Maxis money flow to India 5 times more than permitted.how..india minister father n son being sued also on corruption.
9) AK investment in India Aircel rm 25.7 bil go to drain as Aircel is apply insolvency bankrupt with debt rm 11.88 bil ...Aircel had sacked 2000 employee on August'2019..Maxis is Aircel ownership of 74%..

Ho ho i am not promoting Armada..as against in it forum..

Armada got over 1 bil cash...over 33 bil in sister company..nta 0.57

Netx got 34mil cash..over 72 mil in sister company...nta 0.03

Not using margin safety nta 0.03 ke...

Armada huge debt 11.5 bil...netx debt is just minimum ...but always ask for fund raising when money is gone..to kiri kanan pocket ??

Ho ho mabel blow long essay ...loss naked with the crab king...

Wah q sell 0.07 v3mil lagi...

Believe chleong is loss until mentally ill ..brain crashed..a new acc..

Crab king blower ...figure blind ke...

Oh no..RJ87 is crab king fr China... Ta Chak Hai...haha

Mabel/ Simone pity yr mother loh..

Wah..king crab is yummy yummy..

Ohh..too full...

Cheers..

w Ho ho sohai rj87 is a blower or manipulator as he claim.. active promoting armada since feb 2017 .. enter at 0.56 at that time .. no chance .. price drop fr rm2 to ard 0.7 at feb 2019 .. then u said re enter at RM 0.7 .. is right ... pity the sohai is crab king .. haha

Copy n paste from RJ87 comments ..
Stock: [ARMADA]: BUMI ARMADA BHD
Feb 28, 2017 12:09 PM | Report Abuse

I entered 0.56, regret never sell off at 0.79 and re-enter at 0.7... So, I don't think quarter report makes much difference to those entered 0.5X range.

Ho ho own comments is testified...why need blower king to do....newbie..ke..or sohai..

Netx did a lot fund raising exercise...pp lah..sis lah..right issue lah with par value reduction..recurrence of pp...
Where did all the money gone...2019 is huge loss with low revenue .

CFO is resigned on 2015...now external auditors is resigned on aug 2019...Netx is changing the financial year end from June2019 to Nov2020 .

A tactic used in Lonbisc...

Ho ho no more Vasu ...Calvintaneng jadi promoter now...

Thanks but no on tis counter yet...after 4th QR...

w Ho ho sohai rj87 is a blower or manipulator as he claim.. active promoting armada since feb 2017 .. enter at 0.56 at that time .. no chance .. price drop fr rm2 to ard 0.7 at feb 2019 .. then u said re enter at RM 0.7 .. is right ... pity the sohai is crab king .. haha

Copy n paste from RJ87 comments ..
Stock: [ARMADA]: BUMI ARMADA BHD
Feb 28, 2017 12:09 PM | Report Abuse

I entered 0.56, regret never sell off at 0.79 and re-enter at 0.7... So, I don't think quarter report makes much difference to those entered 0.5X range.

Ho ho king crab is yummy yummy...

RJ87 crab group are manipulators as he claimed...loss until brain crashed...haha

Sychan just the faked account of RJ87...a soft shell crab..with 10 b shares...a brain crashed ..haha