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......

Positiontrader,

Thanks for your analysis, I tend to agree with you the down side risk % is lower than the the upside potential in medium to long term, hence I went for it. I bought
the another abtch in early December at 17 sen , trying to average donw my earlier accumulations at much highe prices since 2015. Will hold if it falls.

Add another 20 % holding of Armada at 20 sen today as I see it has retraced enough lately.

Forum talk here is more of trader type versus those in Armada site more balanced by investment talk. I invested in both stocks and bearing the pain of seeing thees shares dropped for the last 3 years but now started to rebound , still have faith in both though. Keep up the investment spirit, buy more when it drops.We need to avoid personal attacks on each others to keep this forum more objective instead of wasting tiem and energy, we are here to make money through rational discussions butnot quarrels, if I may suggest.

Qued to buy BA , we have got enough bad news for a long time by a few usual suspects here sound like shark playing psychology on many traders.

Speakup wrote "speakup sold hibiscus already coz sifu master Koon sold hibiscus. speakup sell 1.10
now hope sapnrg drop back 30sen so speakup can buy cheap..... wakakakakaka
KASI CHAN SPEAKUP BUY CHEAP! KASI LAH!!!!"

Speakup, I agree with Spinninglotus, you were talking down SAPNRG many times when SAPNRG was below 30 sen, creating fears among us about SAPNRG and sang praises for Hibsicust then. Now you are hoping to buy SAPNRG at 30 sen when it has gone up. Ha , you missed the boat when we are enjoying the rise. You have questionable motives in this forum. I am watching over you too !

Where is the Speakup who spoke poorly of SAPNRG for sometime repeatitively ? Now SAPNRG is on the move , Hooray to those who bought below 30 sen.....

Risktransformer, you are right that some people continue to talk negatively about SAPNRG shares here repeatitively like a broken record keep spinning same old songs. I often wonder why are they still sicking around at this forum as they are alraedy decided SAPNRG shares are so bad, they could have spent their time at other share counter forum. Let us ignore these people but dicsuss more objectively .

Risktransformer wrote "Hahaha!! These people r interested in O&G but they r interested in the price going down to 20+ sen so that they can buy back what they have sold off earlier."
16/02/2019 21:49

Should the sahre breaks the 24.5 sen next week, the next resistence level would be 37 sen according to the chart , provided there is high volume traded at that level. So for those who want to support Armada shares dont sell below 24.5 sen, kill the shorties and earn your profits well next week !

SAPNRG has proven its ability to gain more orders lately and with its financial gearing problems resolved lately with RI and joining venture with a strong new partner,the share price should go up in future. PNB must have good reasons to take up 40 % of the shares too.High Volume traded today with rising price is good sign.

Armada uptrend moving with greater volume than yesterday , looking good.

Spinninglotus, good logic and a probable happening on PH and Dr M strategy.

Armada looking good today with fair amount of volume traded , should it be able to break through 24.5 sen tommorow it may likley go up further , chartwise in my opinion.

Risktranformer,

The RI comes with free 1 warrant for every 10 RI shares subscribed and Warrant now trades at 10sens means the catual 1 RI share cost without free warrant is actually 30 sens ( RI price) - 1.0 sens ( current warrant price/10 ) = 29 sens. So the SAPnrg shares I bought at 26 sens today is about 10 % discounts versus the RI share price without having free warrants.

Shareview123, Thanks for sharing good startegy and I concur with you as below

"If you buy 10000 shares @ 0.26 and average down to buy 20000 @ 0.16 , the total cost of investment is around 6000 . If you hold for 3 - 6 months and managed to sell 10000 @ 0.24 and 20000 @ 0.28 , your total sale proceeds of 8000 less 6000 , you can still make a returns of 30% "

I normally increase the purchase volume at lower price to average down faster. Risky as it is but can be good strategy to fight back.

Risktransfomer, thanks for your encouraging opinion, I think it would be difficult for the bankers to sell their taken up RI shares due to under subscription below the RI price,they are working for people and they can not cut loss so easily.

Still licking my wounds though

Risktransformer , yes indeed I did the same with Armada , bought at 17 sens when there were plenty of negative talks then. gambling move against the panic crowd. I guess 10 % ( ex warrants values) below RI price of SapNrg is not too bad a move and am prepared to take up more shpuld it goes down.

Newplayer, I was still holding the hot potatoes at 77 sen now dilted after the 26 sens purcahse today. Plan to buy more , as said risking catching a falling knife.

at 26 sens I mean

Now buying support rise up to 63 millions + , good signs

Risktransformer,

It was a last minute decision not to subscribe to the RI after my remiser and a banker advsised me agaisnt it due to the huge RI volume. I need to dilute my average costs down from 77 sens down, risking catching a falling knife today. I see alot of negative talks here , many gloomy comments in thsi site. Should it goes down to 23 sens, I will take up again.

I dint subscribe to the RI , today bought at RM0.26 , keeps my finger crossed.

Wiseinvest

Thanks for your reply.
"IDSS you check from the trading Aps, you can download and install on your phone and you can check everyday..."

Which particular Trading Apps you are using ? I presume you are not referimng to the trading apps such as RHBinvest .

Hi Wiseinvest

I am a newbie need to learn from you how/where do you see how many shortsellers and their volume ? ( as shown below by your input )

"Wiseinvest : yesterday IDSS alone already 108mil shares, if include RSS, it will be 500mil shares...

Now IDSS still 19.5million shares....
23/01/2019 10:45"

Ha, Dragonslayer , I was wondering but looks like you too !

Mother share I mean

Dragonslayer how do you derived RI cost at Rm0.27 ?. The waarant isn’t worth anything till the mother dares goes beyond RM0.49

Can buy in open market at cheaper price at the moment

spinninglotus, why would I bluff tommorow is the last day to hand the RI application over at Symphony ?

I pulled back to subscribe to the RI today .

Heard from my remisers they advise their clients there is little incentive to subscribe to the RI as there are little sweeteners while another banker thinks the RI offer size is too large hence not attractive

Signalmw, on what basis you beleive tommorrow price is 0.25 ?

Price went up after trading resumed at 3.30 pm with increased activities

Just announced by KLSE

The Board of Directors of Sapura Energy Berhad ("Sapura Energy" or the “Company") (“Board”) is pleased to announce that its wholly-owned subsidiary, Sapura Fabrication Sdn Bhd (“Sapura Fabrication”) jointly in a consortium with Afcons Infrastructure Limited (“Afcons”), the flagship Engineering Procurement Construction infrastructure arm of the Shapoorji Pallonji Group, has been awarded with a contract for Offshore Process Platform (Central Processing Platform & Living Quarters) Project for development of KG-DWN-98/2 NELP Block (“Contract”) from Oil and Natural Gas Corporation Limited with a value of approximately Malaysian Ringgit Three Billion (MYR3,000,000,000).

Sapura Fabrication’s share in the consortium is forty eight point three per cent (48.3%) which will translate to approximately United State Dollars Three Hundred Fifty Two Million Nine Hundred One Thousand Four Hundred and Twelve (USD352,901,412) (approximately Malaysian Ringgit One Billion Four Hundred Seventy Two Million Four Hundred Ten Thousand Five Hundred and Sixty One (MYR1,472,410,561) at the exchange rate of USD=MYR4.1723). The contract value is inclusive of all associated costs including insurance and the local GST.

Next technical support at 58.5 sens but I am queing to buy both at 61 sen and 58.5 sen.

KAQ4468 you are full of shit for keep hounding hng, what can you contribute by doing that. If you do not want to accept what he writes just don't follow but shut up instead of being so sarcastic.It does not help any one.

Proroy,this is investment forum, no point spreading your negative thoughts here. If you have no confidence in SAPNRG but cant logically explain reasons for being so , just keep to yourself. No politics needed here.

Hng 33, I agree with your good advise "Investor should resist the tendency to sell winning positions too early, prematurely. I know well that this is very difficult than it may appear as portfolio also tend to take gains off the table early out of fear that they will evaporate quickly."

It is scary and difficult to practice and demands mental strengths and discipline, many time I have failed to observe this and regret for buying too early when the shares are dropping and selling too fast when it started to rebound . Need practice....... Have faith, will buy more as SAPnrg drop further

Should be safe for long term with much discount versus the real asset values; the RM 2.1 billion is purposely written off one shot to reduce depreciation costs in future ........ future qtrs should be looking relatively good.

Rebounding.......

Gusen on what basis are you calling for a sell ?