IK ,you can wait .......and shift the price target lower when it drops , and then grumble when it shoot up again. No one is keen if you are right or wrong after so many predictions you made proven inaccurate .

What a boastful and showy attitudes , real heavy weight people is more humble most of the time.

US stock rally today may boost emerging market , possibly breaking the Armada price resistance of 25 cents tomorrow . Rising oil price also help .

with volume traded at more than 3 times of daily average , the sharp price increase today may sustain .....

IK why bother to buy now if you constantly predict Armada price will be pushed down , just wait for it to fall and put in you 5 millions share order. We are tired of your incessant predictions.

canjunmin , you repeatedly posted the same links and same article 3 times each.

IK got all the attentions he wanted with some ridicules as well.

These nonsense talking forum members need to leave to make this SAPNRG forum peaceful and useful.

Looking good again today

A blink man with plenty of money may convince some people.......

BiMB CEO presented very well in the AGM and came well prepared , MBSB management is a little vague .

Found new buyers for its products lately ?

Anyone heard anything on Salutica ? Its share surged both in price and volume today

I have doubts on IK keep saying he buys Armada in millions but he shift his goal posts constantly.

IK you are not consistent, you keep telling the Armada syndicate would not allow the price to go up but you also say you que to buy big time ; why bother to invest in Armada if you think it would not go up ?

Breaking out of the 22 cents price resistance with good volume today augurs well for Armada .

as long as buyers keep coming, the 23 cents barrier would be broken base on rationale convictions on the fundamental strength of Armada. Russian has signed Arab Saudi to regulate the oil production, bullish for oil pricing. Good for Armada ...

Perhaps IK believes in strategy of Hope .....

Thanks to you ICON8888 for your excellent piece of analysis, it provides a very good logical view of Armada. IK can continue to stare at his Crystal ball and change his prediction everyday as we all know now he is blur and guessing all the time though he claims he has much money to invest but we are tired of his repeated long grumbles. He missed the boat but he still hope the boat may turn back for him.......blur or stubborn I wonder.

ICon 8888, thanks for sharing the cash flow facts; many of us may have missed out.
On the G20, Trump may take this opportunity to have soft landing with China to save his own ass in the coming reelection campaign. What we see the hard line grand standings are just typical politicians'tricks.
Monday is likely to have some rally and IK may have enjoy using millions RM chasing more expensive Armada......
Mabel's vision/plan of new Mercedes may come true soon.

5cents dividend is not too bad for shares at 91 cents price though it can be better.

Dinasdimensi, where do you get the news on the CEO ?

He was not looking good in the last AGM and talked less joyously , I thought I was having mistaken impression.Any details ?

I stop coming to this forum for sometime as there are simply too many rubbish and attention seekers talking nonsense most of the time . Just check and again it does not surprise me it has not change.Some simply talk nonsense .

IK Simply guess without basis is not analysis but too much of it become noise for nothing.My 2 sens here.......Latest reports indicate Trump may be able to meet President Xi in G20 meeting in Japan next week to ease off trade war if not cut a deal ; should this happen world wide share market may stage a rebound. Iranian war can be a diversion for maniac Trump to save face and boost his ratings hence may very well in his interests to happen. Should thsi happen it would boost crude oil price and Armada , I speculate but not predict.

IK , today Armada closed at 20.5 Sen not 20 sen, your prediction does not come through.

The Board members in AGM were not forthcoming in sharing their thoughts hence are not confidence inspiring for other investors in AGM. Time to change their defensive culture of not sharing enough information and too proud of their traditional family run business. Better still get new board members to replace those directors stayed too long in comfort zones base on tradition .

InvestorKing swings from Bullish to Bearish and then back to Bullish and then Bearish ? Too much noise is not musical to many , it is just noise base on speculative theory .

In AGM Claire court case was asked and the Armada management expressed confidence of winning it. Those who attended would have heard .

InvestorKing, You seem to have a lot insider information but not many have come true yet.One day say positive and another day say negative . Starts to doubt what you are saying.Were you not the one said you will cut off your head if Armada price breaks 20.5 sens a few days ago?

Investorking, you keep repeating the long same story here, what is your stand actually ?

Hi Mabel ,

I did what a typical shareholder can do and need to do to tell the management their displeasure of the poor performance in AGM . we want to tell them they cant expect easy riding. I forgot to tell them they are bad in communicating with the market on what is going on with key resources that make money, such as each FPSO performance so that the investors can have better guidance hence confidence. This can perhaps stop some speculative short selling. Cant rule out they don't do that just to allow some shark to accumulate at cheap price ?

I asked in the AGM about Kraken progress and key success factors to turn around the company performance,reminded them with $15 billion assets less $10 + billion borrowings we cant afford further impairments . Gary the new CEO and the board were vague in addressing the question. I suggested the board show commitment with shareholders buy cutting down their fees, though the fees would not broke the company anyway, but at least they can show some concern about share price. Also told the board and management they were passive for not noticing massive short selling of the shares and has to be alerted by shareholders . Hopefully they got message, we are all frustrated with the performance of the share price partly due to passive management and board, in the past at least.

InvestKing thank you for reporting the suspected manipulation of Armada by Sharks

I put in order to buy at 24.5 sen , believe the current price retrace is not unexpected due to sharp rise yesterday.

Nasie, your Armada fleet all sunk today and will be floated again tomorrow . that is how you talk.....rubbish !

Buy Ques volume are much more than sell ques, good support for the next 3 levels. Good signs

Quote Shpg22

A lot of newbie think at 0.17 the chances of losing money has lessen. But that is just an illusion. If the price indeed drop to 9 cent, that s almost a 50% losses

Unqote

Shpg 22

With NTA of 57 cents plus alot of impairment provided for plus RM20 billions order book, how far can it go down ? Today bulls are figthing the bears with low volume without price drop, a turning point for better ?

At NTA of 57 sens per share ( RM 3.346 billions ) after so much impairments how far can the accounting convention allows imapirment furrther before its NTA become zero ? 2 more QTRS but physically the FPSOs are still working and floating but at zero values ? I am no finance guy but it seems strange to me that it can possibly goes on impairing till zero , anyone with finance knowledge can enlighten us please.
I would buy more should it breaks dwon below 15 sens .

Thanks Mikekim for sharing insightful input and you are right. Cash is king. Profitability not necessary = same amount of cashflow available for operations as it may be in receivables or in some long term assets.

Without cash,even a profitable firm may not function well for too long, that is my basic understanding though I am not a finance guy.
Your analysis has helped many of us stay clear minded of what are Armada situations better and contrary to Pearlwhite's incessant doomsday predictions of Armada, hence Pearwhite speculates you are from UTSB ? We are waiting for Pearlwhite to provide proof which I am doubtful it would come, stand to be corrected though.

Needs to break 19.5 cents barrier today ...

Thanks Meng Yew and let us ignore Pearlwhite , Armada is on the way up though volume not high enough yet.

What is the "UTSB" incoherently mentioned by Pearlwhite here ? Appeared from nowhere suddenly,I thought this Pearlwhite has gone hiding just like Speakup.

I unederstand FPSO Kraken performance is fully accepted and yet the impairment is so huge, wonder how much more impairment is to come, there is a limit to the values of asset they can impair given the cumulative impairment done so far, Any one can enligthen on this ?

Hevenly Punter,

I stand corrected, isn't impairment is applicable on the asset that is underutilised or its values reduced due to market price in compliance with MFRS9 ?
Why should it be applicable to Kraken ? Can we have more input from anyone is is knowlegeble on this matter please ?


'Heavenly Punter wrote because of MFRS 9, new accounting standard, that's why got impairment lah aiyoyo
01/03/2019 17:14

It is quite reassuring by the end of the days Armada closed at 17.5 censt after QR with huge impairment.Indeed the share prices trend upwards on the second half of the trading day with highest at 18 cents. Some whales are coming to wack the sharks who were feasting on Ikan bilis ? Chartwise, it seems indicating it is ready to turn around , there is some market confidence in the face of adversity in Armada, my 2 cents for sharing. You decide ......

I dont understand why there is a huge impairment related to Kraken after it has already been fully accepted by client. As said, I am still optimistic on Armada and concurs with the few key points by Mikekim. It is positive to see Leon leaving soon for he has not shown much ledership to turn around Armada. Compensation from Claire case can be a catalyst for confidence as it would help improved the financial standing of Armada. I am lucky to have bought another batch at 15.5 cent ( part of my defensive strategy to avearge down ) this morning around 10.0 am when it resumed trading ; though I placed to buy at 16.5 cents last few days after my eralier batch bought at 20 cents. I assume some panic sellers din't place selling higher than 15.5 cents hence I am lucky. Thanks Mikekim, Superpanda and a few others who have put in some useful insights urging many of us not to be overly panic especially in the face of many consistently genative comments by others. I took my chance and keep my fingers cross and hopefully coming Monday may reward many of us with 19 to 20 cents price. Sleep well.......Claire is coming .....

Ikah show where is the Aramada result now, dont talk rubbish here .

we shall ignore those small talks by these shitties talking bunch of sharks saying Armada will go bankrupt but actaully hoping to buy low when we sell panically due to their talks. One thing for sure, if they are so negative of Armada , why bother to stick around this forum trying to scare us for so long ?They talk mostly with no logical explanations. Mikekim has rationalely explained the Armada cash flow situations and made his stand on calculated risks, We can make our judgement for for investment, those who wants to scare us would not have effect on us if we are celar minede about Armada. Just hold for now and buy more if it goes down, as long as one need not pawn anything nor borrow money to do so. It is teherefore none of tehri concern as they ahve no faith in Armad, they will leave this forum when we stop listening to them.

Mikekim is most encouraging with his very good analysis of Armada , I am also holding and continue to invest in Armada due to its FPSO prospect, ignore the noises created by people like Pearlwhite who cosnsitently to portray Armada as a potential bankrupt. Why border to stick around here for so long ,Pearlwhite, go to buy soem other shares you think is better than Armada, I doubt your obectives of trying to tecah us to avaoid a meltdown of Armada. You are just trying to accumulate when Armada is down should we sell. I will buy more of Aramada should it goes down, as Panda says it is more discount to average down our holdings. Down risk is less than upsiding poetntial at the moment. Either way is alright for long term investors here, shorties only trying to talk don the shares . Beware......