pls answer my question too; don't twist this truth insider forum , you also bla bla everyday and you are thick-skinned who ask silly questions. I am many destroyers over here.

tshwong, Answer my simple question, how much commission you have received day to day and worked as armada trader? or guessed that I will be next successor of CEO armada

tshwong, please mind your words, you obviously discriminate other race & religious. Now, you are talking about race, religious. All insider forum reveal the truth for armada goodness sake and those challenges ahead being addressed. Hope that BOD and new acting CEO worked immediate smart approach with firm decision to repair this bad system & kill the disease caused deep impact to armada

hooray, are you upupshare that has multiple accounts to twist the truth ??

4 months hook up delay caused million lost

kindly confirm, is c7 facility in fully operational? By hook up few flexible hoses, it is a BIG joke to claim First oil production.

does ONGC approve turret mooring system c7 under design??? Third party verification & classification accept it or not; What called offshore asset integrity , In the end, every parties looks after their best corporate practise & interest. Whole world opens eyes to see

ex-ceo so sad on his leave , he is out of armada while unluckily top key brought in by him has promoted.
Pick wrong real friend that has 25 years relationship is nightmare to ex-ceo

cost cutting measure of top key is by hiring expatriate to train his own gang followed, tissue paper disposal philosophy

If new acting ceo never wake up from past lesson & gives correct medicine to this virus, the bad sign will continue; profit dropped from Q4 2013 and now loss at Q4 2014...What will be next ;
When will be first oil Cluster 7? It is interesting to see A-team enable to deliver unproven turret system block 15/06, six times complexity than c7.

By finding root causes to cure these diseases? Lay off right location.

tshwong, how about yours , your country boy's talking looks very knowledgeable on armada situation, trust that you are one that should be hired by someone from armada, educating investors
your intention are clearly noticed by everyone over here and better write up to ceo on this, your mind will be in peace, Allah

tshwong, you just love talking blah blah ......without answering us a solid answer on this - Delay of Q4 2014 report release.

The reality will come into the truth sooner...it is too late for you to escape .

tshwong, over-talking like stock expert. what's your advice behind delay in Q4 2014 quarter report release? any BIG surprise given to small investors.
Please answer us.

low return margin associated risk project is workable or not

your aggressive, native thinking and self-explanation well aware by every investors inside forum. if good counter, ex-ceo and epf so silly to dispose million stock. Your kecil budak minum susu, wait until your little brother get chilled in little forest. better join in police workforce

tshwong, Get out of this counter.... many supporters agree this. new comer, eric teh said insider news will be the winner.

noted always that transparency and code of conduct to every shareholder as armada is public listed company

At a time of focus on corporate espionage, the petroleum ministry Tuesday suspended Oil and Natural Gas Corp technical director Shashi Shankar over allegations of irregularities.

"Shashi Shankar, director (Technical and Field Services), ONGC has committed gross misconduct while dealing with a tender for Procurement of 21 Blowout Preventers (BOP)," the ministry said in a release here.

"Taking strong note of the lapses, the government on February 23 ordered suspension of Shashi Shankar with immediate effect to ensure fair and transparent inquiry," it added.

Shankar was appointed on February 1 last year.

tshwong, Have you lost all your underwear, your little brother felt chilly

you lost your bad temper in first place. the truth always the truth, nothing to change the fact.

anything can happen like ONGC technical director Shashi Shankar sacked Over Allegations of Irregularities.

founder turret system c7 hopes to run away yinson... extremely bad to hear that top management is fully aware of his competence.

one of a-team top key run away to yinson

Cluster 7 turret mooring system will be next story to discuss with; vp who had secured block15/06 escape away from armada. His credit was given to site vp.

a- team brought in by top key caused his failure

well seated to watch 3-D animation. epf continues in selling mood, a bad sign to something

top key and A-team poor competence caused current stock pricing and performance

without portfolio restructuring and clean up ebola virus infected, armada won't up up

Cb and miss toh consider wisely & deeply

freestylepunk.

you seems continuing self-explanation to everyone day to day. We all believe truth will ultimately prevail at the end and I guessed that you shall hired by someone as english translator/professor.
You are in native thinking. Budak minum susu dalam rumah.

the curiosity behind ex-ceo sudden resign without a good proper handover to next successor in short notice; do you believe his reason is due to family?

freestylepunk, are you similar person, upupshare who has multiple accounts and claims as Big Liar who continues providing misleading information to investors inside forum. Q4 2014 Quarter Report still not released yet, not on 18th Feb as you mentioned inside the forum



" freestylepunk Today we find out if ogt8989 and his multiple accounts have been feeding us correct information or not LOL.

18/02/2015 12:24 "

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AFFIN-HWG
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (MAYBAN)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KAF FM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ABERDEEN)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 13/02/2015
141,200





Circumstances by reason of which change has occurred Disposal of 141,200 BAB Shares registered under Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AMUNDI)
Nature of interest Direct
Direct (units) 458,172,000
Direct (%) 7.81
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 458,172,000

jual armada ......

rugi wang ....cluster 7 made us lost underwear

heard that oil tech engineering owned by someone's brother in-law..... By hiring expatriate to train low cost labour. guess that this company earns million to these people. also, It is speechless that hr chief holds indian passport, means that malaysia is unlikely to have pool of good experience hr personnel

Audit result could impact to upcoming quarter report

It seems that spinninglotus agreed c7 mooring system problem.

upupshare is big cheater, misleading all investors inside forum.

new accounting impact can be observed from epf disposal
In case of good sign, epf will keep these longer

ccb requires housekeeping & cleaning this ebola virus Big Bite to armada;

Cluster 7 in Deep shit, followed by kraken, block 15/06

Strange that epf continues disposing Million share as epf is biggest shareholder to this counter

poor performance due to A-team bad competence and top guy agenda

The truth prevails ....

epf keeps selling from 8.09% to 7.98% now; epf selling shows bad sign before Q4 2014 Quarter report release. The pricing stock of rm 1.20 is max limitation to armada, big shark sells out on this pricing

The stock up up in pricing, epf will keep these share as much as they can

all poor company result performance is driven by A-team poor competence and top guy agenda

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AMUNDI)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AFFIN-HWG
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (MAYBAN)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KAF FM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ABERDEEN)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 10/02/2015
500,000



Disposed 10/02/2015
5,000,000





Circumstances by reason of which change has occurred Disposal of 500,000 BAB Shares registered under Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board

Disposal of 5,000,000 BAB Shares registered under Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AMUNDI)
Nature of interest Direct
Direct (units) 468,172,000
Direct (%) 7.98

1MDB repays RM2 billion loan after Ananda Krishnan bailout, say sources


Malaysia's debt-heavy strategic investor 1Malaysia Development Bhd (1MDB) settled a RM2 billion loan yesterday with money from billionaire T. Ananda Krishnan, six days before bankers triggered a default, say sources.

The Malaysian Insider understands from bankers familiar with the matter that the banks involved received the money yesterday evening, hours after Ananda was said to have agreed to the bailout.

The payment is a last-minute reprieve for 1MDB – a cross between a sovereign fund and a private investment firm wholly owned by the Ministry of Finance. Its debt woes were seen as pressuring the ringgit and Malaysia's sovereign credit rating.

"The money has come in. It was an Ananda bailout," said a source familiar with the matter.

Other sources confirmed the repayment of the RM2 billion for tranche 2 of the RM5.5 billion bridging loan to the relevant banks.

The 1MDB subsidiary, Powertek Investment Holdings Sdn Bhd, took the loan last May to refinance a RM6.17 billion bridging loan taken in 2012 to part finance the purchase of power assets.

1MDB restructured the RM5.5 billion bridging loan into two tranches: a RM3.5 billion loan due by August 2024 and a RM2 billion loan due last November, according to data from LPC, a Thomson Reuters unit specialising in loans.

The RM2 billion loan was guaranteed by Ananda's company Usaha Tegas, said people with knowledge of the talks between Ananda and 1MDB.

Malaysia's Maybank has 58.99% of the RM2 billion loan while RHB has 32.41%. The other lenders are Alliance Investment Bank Bhd (4.06%), Malaysia Building Society Bhd (3.24%) and Hwang DBS Investment Bhd (1.29%).

The development fund, which owns a large portfolio of power plants, has missed payments on the bridge loan that was due end-December and its lenders were keen to see it paid before they had to write it down in first-quarter earnings, bankers said.

The Malaysian Insider had reported that the final deadline for the loan repayment was February 18.

Ananda, who sold his collection of power plants to 1MDB, has been in talks with 1MDB to become a cornerstone investor in the long-delayed US$3 billion listing of its power assets.

1MDB, whose advisory board is chaired by Prime Minister and Finance Minister Datuk Seri Najib Razak, has some RM42 billion in total debt. It has been heavily criticised for taking on the debt and the difficulty in repaying its loans.

Among its harshest critics are former prime minister Tun Dr Mahathir Mohamad and former finance minister Tun Daim Zainuddin, apart from opposition lawmakers who say its debts are a risk to the country's financial system.

The opposition had queried 1MDB's financial health after 1MDB president and group executive director Arul Kanda Kandasamy told Singapore's Business Times over the weekend that the remaining US$1.103 billion (RM3.91 billion) Cayman Islands funds will not be repatriated back to Malaysia. – February 13, 2015.

cluster 7 turret has no classification approval , there has Class Condition.

block 15/06 unproven turret is much 6 times complexity than cluster 7. the client kept worried

epf continues disposing share from 8.2% to 8.07%

it is interesting to watch !!!

coming Q4 result generated by A-team and top guy competence & poor performance

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AMUNDI)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AFFIN-HWG
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (MAYBAN)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KAF FM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ABERDEEN)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities

Price Transacted (RM)

Disposed 09/02/2015
1,500,000


Circumstances by reason of which change has occurred Disposal of 1,500,000 BAB Shares registered under Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Nature of interest Direct
Direct (units) 473,672,000
Direct (%) 8.07

virus ebola by top KEY and A-team will bite armada deeper. Cluster 7 still in real hard pain.

ccb no doing housekeeping on this, wishing him Good luck to armada

Cluster 7 first oil is on Q1 2015, now it is mid of February, will be becoming reality since the vessel sail away on last October. It seems a big DREAM to all investors. This unpleasant failure caused by A-team poor competence.

Block 15/06 unproven turret may not acceptable by the client, big worry to client

upupshare. You are BIG LIAR, Get out from this counter.

When's first oil in Cluster 7 ? You told everyone inside forum that it is expected by mid of 2015.
Is it mid of 2016????? Everyone laughs at you, joker.

Every newspaper never advertised on c7 fpso sail away and first oil date.

I heard top guy relative, brother in law, Bala operate oil tech engineering india , famous supplying manpower to project ; top guy earned monthly $$$ and other hand, run own business sent $$$ to his own pocket.

if top guy inside company has own agenda, BIG PROBLEM to ARMADA, sooner getting serious illness in long run

If ccb no cure this diseases/virus inside this armada organisation, sooner later armada will be big problem; can be sustainable or not in long run. It is a question to every investor.

all talking about own personal and selfish agenda . i.e. oil tech engineering india

Poor to captain hb jump sinking ship together with VP legal

hb forced to go or happy resign because of family

Let us well-seated & watch 3D animation result that will be released on February after CNY

Brian, you need reliable tips, please listen ogt8989....every times, I listen his advice and earn big money

Sooner and later, will lose your underwear if you don't trust

where is upupshare ? Are you losing your underwear?

3D animation audit will be coming sooner on February

Armada Claire has big facility problem ...the client felt unhappy now...may cancel the charter contract sooner in case of no resolving the production problem.

very sad to small installation company supporting cluster 7 hook up project. Armada no paid payment to this company. A - team turret problematic caused people suffered

Hope big findings of audit something oil tech engineering India and other small firm linked to this of supplying manpower to project. A lot of own personal selfish & greedy agenda insider

Armada Leader HR is India passport holder; it seems like Malaysia has poor HR talent pool now and it is very strange that Prime Minister Najib said local Malaysian talent back to home country for economic growth

oilguy75...any interesting findings found out from 3-d animation

ccb needs to audit deeply on something related to oil tech engineering India; a lot of interesting findings will be found out

YINSON Management Wake up

ogt8989 latest news
A-team which made armada suffer are running to yinson

yinson need to be very careful don't take in those A-team guys
unless yinson want to die
CEO want to step down

30/01/2015 17:12

Businessman T. Ananda Krishnan (AK) is understood to have firmed up an agreement to loan beleaguered 1Malaysia Development Bhd (1MDB) as much as RM2 billion to help the strategic investment fund settle a debt obligation to Malayan Banking Bhd (Maybank) and RHB Bank Bhd due at the end of this month, sources say. It is understood that the loan, however, is merely an interim measure. “It (the loan) is more for 1MDB to clear this obstacle – the two banks – than anything else. The two (AK and 1MDB) are still looking at how to resolve the issue,” the source said. googletag.cmd.push(function() {googletag.display('div-gpt-ad-1400601790726-3');}); 1MDB and AK have been in a quandary over how to settle a RM2 billion debt, slated for repayment in November last year, which was guaranteed by the billionaire, when the strategic investment fund acquired his power assets in March 2012. 1MDB has already been given two one-month extensions on the RM2 billion facility. The facility, meanwhile, is part of a larger debt restructuring exercise undertaken by 1MDB on a RM6.17 billion bridging loan that was due to be settled last year. The debts were refinanced into a RM3.5 billion 10-year term loan secured against Powertek Investment Holdings Sdn Bhd (PIH), and a RM2 billion facility due on November 30 last year. The remainder owed has been repaid with interest. The RM2 billion loan was secured after a commitment by billionaire AK to inject the same sum into PIH, which would enable PIH to pay the lenders. But this route ran into a snag because a RM2 billion injection would have given AK a majority stake in PIH, based on today’s valuation. In other words, 1MDB would lose control of PIH, a prospect that was not politically tenable. Sources said as the Maybank/RHB Bank consortium waited to be paid, both 1MDB and advisers to AK have been looking at various options to break the deadlock and finally opted for a plain loan from AK to 1MDB. “It’s not yet a done deal as the terms of the loan have to be agreed on but it looks like the only option now,” said a source. “And even then, this is an interim solution so that the banks get paid.” 1MDB, which is wholly owned by the Ministry of Finance, racked up after-tax losses of RM665.4 million from RM4.26 billion in revenue for its financial year ended March 2014 (FY14). The bleeding would have been more severe had it not been for a revaluation gain of RM896.8 million on its property assets. According to the company’s annual report for FY14, the sovereign wealth fund’s long-term borrowings had ballooned to RM33.5 billion, up about RM7.2 billion or some 27% from RM26.3 billion in FY13. 1MDB had short-term borrowings of RM8.3 billion. As at end-March last year, 1MDB had cash and bank balances of RM3.8 billion, down 42% from RM6.7 billion in FY13. This dip in its cash pile had been used to pay high interest charges and existing borrowings. For the year ended March 2014, 1MDB paid RM2.4 billion in finance costs. – The Edge Financial Daily, January 30, 2015 - See more at: http://www.themalaysianinsider.com/malaysia/article/ananda-krishnan-to-lend-1mdb-up-to-rm2-billion-to-settle-debts#sthash.EckglZzY.dpuf

AK wants to plug the holes created by A-team. It is time that ccb cleans ebola virus inside and restructuring entire armada. UBAH

Top guy A-team keeps approaching to yinson through his best contact; top management of yinson already wake up

Look foward and well seated watching 3-D animation

If BOD unsatisfied of P/L book & profit regardless of revenue and many projects, they can make their mind of hiring new CEO and management on-board, ???

heartfelt upset to captain hb that he trust & rely too much on A-team; all existing project no going well.

No matter of how good hb secure many project, there has no good project management team to support his mission

ccb is just cleaning Ebola virus now

It is an open forum that investors have right to voice out and speak with truth.
Please detail us why Captain HB and VP legal have left immediately and jumped the ship on December without finding next successor in short time frame, followed by 3-D animation UT auditors coming?? Based on your said Armada can shoot to RM2, I guessed that firstly captain HB will feel extremely upset on his sold out all Armada with low pricing on Dec.
Watch up your mouth! tshwong