obviously, they have 440 mil to dump....

if the RI is 35, probably hover around 40

no point cutting loss...its on the border of being oversold....
anyway if the RI is 35, there not much point

not easy to get an IB to underwrite the RI though....

looks like EPF dump again

basing on the volume some other pension fund are selling, just that their shareholdings are below 5%.
Its a party of 4

Another point is EPF should be investing, why are they transacting? PH should look into this

But EPF is trapped...they cant sell out 440 mil shares...LOL

nobody will touch a RI to clear debts

Danger point is if there is a RI, price could possibly gap down...again. Killer stroak

Actually, its the same situation with gadang, mitra. EPF bought those counters down

3 mil volume in 1st hour...so far EPF declare 7 plus million disposal bringing price down from 60 to 45.
So are they selling to 35? your guess is as good as mine

no. Armada can issue a statement if currently no RI exercise is in place....which is the truth

hard to say. Its an easy way out.
hard to explain the pension funds selling at a loss.....

the sell volume at all time histrorical low is still high

unless Armada released a statement denying the RI, it would be a continuous overhang

Its the potential RI that's hampering the price....circa 9 mil sell volume for half a day

he cant disclosed sensitive news just like that.....

Jonathan cant tell you whats in the works. Only what exist currently.

Let hope for the best

Armada could take the easy way out. interest free capital injection......

just to set the record straight, I check the records superbull 11 is above water. So that's a possibility. I got the dates mixed up.
Take into account the unusual selling volume and EPF disposing. But it has not materialized yet. So be aware. Just as a caution.

Anyway the price is near the potential RI price.

Yes. If they are at 10% stage, they would have been launched. They should show the initial sales revenue.
Good point

selling volume close to 16mil today...……..

superbull 11, can copy your warning then and show us?

Ever thought the property market is in a slowdown? Estimate profits if the whole project get sold. Very common now project is completely without fully sold. Very optimistic outlook. They might stop after phase 1.
Beside, how come the private placement is at 1.02 only?

exactly thought kraken acceptance was weeks ago...LOL

Purposely goring to control public perception

Look at the selling price and assets, you know it's a escape plan.
Where did you pluck the future profits from?

actually even if there is a rights, would epf sell all the way to 35 cents?

1 for 1 rights...only managed to raise 2 billion....@35 cents

announcements

take a step backward, its all time historical low.....

announcements around the corner?

amazingly pension funds are selling at a loss....

bottom is coming...…..

potential sharp plunge coming,,,thats the time to nuy

fear is your friend

oil broke below usd80

the big question is if they call for rights, would you subscribe?

look at the shares issued vs earnings lah

projection after dilution is 7 cents vs 27 cents currently...LOL

Quite likely calling for rights that's why EPF is urgently selling down. Same as SapNrg. Sold before rights announced.
maybe Armada consulted EPF for support first...…
but nothing concrete yet, still speculation.

zaba zaba is just one of the potential projects.

swordwa2 is not wrong. there should profit guarantees

sold off in the morning...lucky

no wonder few million shares thrown below 1.10....

anyway plenty for you to buy in coming days....

that's the reason it fell from 1.70,,,,,,,

dilution is 8X. no profit guarantee

sounds like an escape plan for ML

no good. share issue at 1.00 why not market weighted average? MI loses....