exactly. Why privatize unless he is prepare to put in more funds?

unless he offer like close to nta value...haha

he needs a 75% consensus

nobody thought an AK company will do so badly...only one bankruptcy in India so far, costs him 6 billion.
doubt he would splash more money to privatised Armada, hes not young with no apparent heir

At 16 billion shares, need a net profit of 1 billion to be meaningful and relevant

Assets not based in US, why file in US? Maybe its real..haha

has the 50 million penalty been accounted for? heard they refuse to pay up....
actually nothing going for it. property division is haemorrhaging and there is no cashflow from the Vietnam project. how long would the RI money last? no wonder drop so much..uncle must have ran away

are you Alan Nga?

so far, CIMB has the most comprehensive update, also their usual IB

http://www.johorbiznet.com/2018/11/26/cimb-research-expects-bumi-armadas-debt-issues-resolved-q1-2019/

doubt its substantiated, some people wants to create more problems....opportunist 74 posts

We just need to wait to see if Armadas reply helps....or if it is a major shareholder above 5%, that needs to report

no need new project, just normalize profits will do in 2019...when people are confidant of OG industry then can RI. Normalised profit estimated to 400 mil before all these impairments that's circa 7 cents eps.

There is no worry for RI at this moment, the RI price cant be at 16 cents. If you look at current price an RI proposal will drive up the price to the proposed price say 30 cents.

this looks like the AIA selloff of Presbhd, at any value.....hopefully it is as foreigners own 12%.This presents an opportunity.

All they need is to restructure the ST debts

The only danger is PN17

has the 50 million penalty been accounted for? heard they refuse to pay up....
actually nothing going for it. property division is haemorrhaging and there is no cashflow from the Vietnam project. how long would the RI money last? no wonder drop so much..uncle must have ran away

that's quite a denial

Less than 5% equivalent to less than 300 million...watch the volume

If it is buy in opportunities

Maybe it's Aia, they dump presbhd like no tomorrow

Whole market dead...

Pe 3 to 4 only. Maybe pe5 to 6?

Theoretically rebound should take it 24 cents..At 75% Fibonacci

Well, there is nothing to do but watch. 10 cents? They still throw? Year high 95 cents now 16 cents that's 83% retracement.Defy Fibonacci even.

This is the only stock I seen in my lifetime, that drop without any support at all...

Maybe its one of the funds exiting OG industry but still confounded they are willing to sell at this price

But all the while, Epf did not sell, buying during the downtrend.
It could be rebalancing of portfolio, other OG was also hit today.

Why would Epf sell at this price when optimum RI would be priced at 30 to 35. At least 2 billion funds raised.
Only possible reason is PN17..which explains the plunge. At this price, that's the only reason

@shook, no idea. But you can make a guess from the annual report stating the prominent shareholder maybe someone who hold less than 5%

RSI 2%....reaching zero ...LOL

Unless they want to sell to 10 cents..lol

If there is reversal, play all the way up?

But unlikely Epf as the selling modus operandi is similar all the while like a syndicated play.....

We will soon know

YES! UMA....

hopefully some news

PDTs buyback?

not easy. unless some powerhouse can absorb 200 mil shares dumped

maybe a lot of margin calls due to the plunge, domino effect

another question is who is the buyer?

trap the buyers force the sellers at 15.5

too much liquidity at this level

stock is severely damaged now...unless there is a power house that buy in

hard to say, never expected Armada to drop like this

maybe ASB, KWAP …...

between yesterday and today sellers must have dump 180 million at least

exactly....communication manager is terrible. even SC is blind, waiting for uma

almost 200 m shares traded

is AK the one selling or buying?

TM isn't that 10K?

this could be the bottom

exceed yesterdays volume....support very strong at 15.5