@ acinanatucer Check this out!!!

https://klse.i3investor.com/blogs/ongmy/245219.jsp
09/12/2019 9:29 AM

It is still the same story of Shahril using high volume low margin business to justify his position with extraordinary high salary while the SAPnrg shareholders are suffering. I am one shareholder still wait for better results.

I also underestimate how low the price of share could go down but when it was about 15 cents for Armada, cutting loss then would have been a worse strategy. Indeed I am lucky it is a successful turn around for me and I still believe it can go higher in the next few quarters,

No one could have known what would have been the bottom price ; I kept risking catching the falling knife by collecting Armada when it fell but eventually my average cost is about 31 cents.
You are right I bought at increasing quantity each time I average down. Indeed
I went through a hairy experience though.
I did it because I feel Armada has enough long term sales orders to sustain its recovery and given huge impairment, we are buying at discounted price already when it was dropping. I guess market tend to over swing from time to time as it is not perfect possibly due to syndicates manipulating prices or human behaviours . Fundamentals would prevails in the long run , I was betting..

I have been holding from 71 cents, keep adding till It dropped till 15 cents and continue to add when it rebounds till now. Without strong faith in its business model and believing its worse is over , this would not be possible. Thanks to many good companions here who contribute to input many rationale analysis versus some nay sayers who appear in this forum telling many pending disasters waiting to hit Armada. Now these nay sayers disappeared as they are proven wrong.

Just have faith in this counter with so many positive factors waiting .

The projects at are with low margin judging from the results so far. CEO cant give excuse the industry margin is that low or they are mean for putting Sapnrg ever present in the market . Cut salary to show you mean business Sharil , where is your leadership to justify such high salary ? The major shareholders such as PNB is sleeping here, fire Sharil for loosing money for far too long.

Collected more at 47.5 cents , cant resists.....

Just wait and should it drop further, collect at the price you want, Armada is worth much more than 50 cents in near future .

Have to be patient as each time I jumped into it too fast, I make mistakes.

Price dropping but at low volume ; if price goes lower I will collect more.

Cool it , don't take it personal. This is just a forum .....

I was at the AGM, the "reason" cited by CEO for producing low margin mouse is to fill to keep the factory running and workforce occupied while waiting for the latest blue tooth products to run full swing, if i remember correctly.I did express the concerns of low margin in their business.Both CEO and Deputy CEO are more technically inclined in their presentations than financial aspects of the business while urging us to be more long term in our investment in the company. I am ambivalent though both are impressive in their enthusiasms of new product development strategies.Let us watch the next quarter results.

I am equally concerned of the low project margins Sapura obtained lately, is this the way the CEO try to puff up its top line to buy time for his position while raking in super high salary ? If still no profit next 2 quarters , it is time shareholders demand for a new CEO at lower salary. What this the BOD doing here ? sleeping together with this CEO ?

Superpanda , what is RCN ? Thanks

Mabel, great to hear you are adding @ 51 cents too, thanks to you and Mikekim plus others for great insights on Armada. This share is a great turn around story for me , from 5 figures paper loss to now near 6 figures paper gain now . What a ride so far and what a great experience of risking catching falling knife for some times. If next quarter results add another 3 cents per share profit, 90 cent TP is not impossible .

I was travelling yesterday but my parked buying order @ 51 cents was successful to add to my holding ; Good to see the QR results are better than last quarter. Cheers Armada investors. 90 cents coming by next quarter I hope.

Very happy with the break of the 50 cents barrier decisively today.

Still holding for 90 cents intermediate TP before making any decision pending the unfolding of the catalytic factors by then. Along the way, expect some retraces.

@ paktua73 now all our fight is Worth it..
are this end our journey??

noooo!!!..remember..we didn't come this far..
just only to come this far..

yes..
WE DIDN'T COME THIS FAR..
TO..ONLY COME THIS FAR..

I agree with Paktua 73, we are just witnessing a partial rise of Armada returning to its former glory. I have invested in Armada since 2014, suffered scary drops but continued to buy to its lowest point. The temptations to cash in 68 % profit margins is there but I am resisting ; as I am still waiting for Armada's major catalysts such as better quarterly results ; Claire court case and rewriting back of the impairments. Looking forward to its next major hurdle of 90 + cents and marching towards attractive RM 1.30 range hopefully within the next 12 months barring world recession come earlier than 2020 .

Mabel, your thoughts for this counter , please.
Thanks

The final TP would depend on the few consecutive quarters profitability and also the results of Claire court case. What would be the reasonable PE ratios base on the potential quarterly results after the next 2 quarters ? It is said year 2021 , there is higher chance of poorer world economy based on cyclical theory , but then economists keep shifting their forecast .......

Now this forum site falls into non stop squabbling just like in SapNrg forum , among 2-3 fellas with huge egos. It is becoming sickening for many bystanders.

Stop wars of egos.

Cool it , to prevent this site descending to too much personal insults, please. We are here to make money not showing off nor fighting though someone may have exhibitionists' claims and others are really hot tempered.

RJ you are spot on , I have been wondering how come they are so good in their timing of selling high and buy low so well , each time and in terms of millions of shares each time.

Tsunami coming again last 30 min

JohnChew31, come down from coconut tree as changed man ?

@Mikekim Relax, keep calm, and continue buying on temporal dips.

Yes ! Waiting for the next dip to accumulate more.......greedy for next dip to buy.

YunMee are you ex JC ?

@Yu_and_Mee TAK1, if hit 1.20, sure everyone happy. I like that but looking for continue growth in revenue and profit so that price up can be justified. Hope to see it back to 3.00 next year or 2021.

Wah ! YunMee, suddenly you become so bullish switching from negative a few weeks ago when you were taunting us to sell and assuming we are loosing money by holding on to the shares. What has changed ? You have shown the lights from the Higher Up ? Ha.......Now you are talking RM 3.00 ! What a 180 degrees turn. Tell us what happen.

IK you were hesitating when Armada was in the 20 + cents time, now you are fully convinced of its fundamental values. Good on you.

My gut feeling SAPNrg has found the bottom at around 26 cents already , time to add ...

@i3lurker dun worry I will propose his salary to be increased to RM200 million per year
coz it is his hak and maruah to have high salary

Ha ! You must be feeling the pain of this fat salary CEO keep selling his high spirit to shareholders but has not shown bottom line improvement over the last few years.
We want to remind the board they should not beholden to this CEO but challenge him to put his money where his mouth is by volunteer to cut his salary by 50 % until SapNrg makes RM 300million per quarter at least . Time for the shareholders to shout .

SAPNRG’s projects margin is too low to justify CEO high salary .

I hold SAPNRG but did not subscribe to its right issues as I was told it would have too much dilutions to see the price rebound soon plus I see its gross margin versus Armada is not attractive . Though SAPE’s CEO is much more visionary than the Armada’s previous CEO , he is very much overpaid ( 80/to 90 millions RM/ year) for the last few years company’s poor performance. My gut feeling for now is SAPNRG could be the next rising share after Armada but need a few quarters of convincing profit given its very low gross margin of the last few projects secured. Hence I am still focusing on Armada for now.

RJ 87, thanks for your good pointer .

Indeed I bought Armada as the share was dropping as I see their order book is huge to last for a few years , and I think FPSO contracts would be long term generally , with big impairment , the share price is under valued .

I was equally pissed off by the previous CEO too and thought the board was too slow to get rid of him . The current CEO is more proactive and hands on .

Armada would do well if they are more proactive in sharing their latest information/ development in Krakren performance , OSV segment with shareholders , perhaps they have reasons not to tell too early , allowing the major interested parties to pick up more shares before the next quarter results is out ?

Very useful insights , Stockraider, Mabel , Mikekim and many others.

When Armada was on the way down from 70 + cents to 15 cents, I kept buying to average the costs down, though was mindful of the danger of catching the dropping dagger. It is equally challenging to resist selling when the price shot up from bottom along the way , seeing traders like Shpok4574 and IK trades so frequently to take in profit.

Thanks for sharing.

Stop fighting and argue who makes more money , just share the joys as Armada moves up

Missed the boat to collect more at 40 cents , But also happy Armada rebounds too !

Yu&Mee,get life somewhere just like John Chew and ckca who gave up taunting us into selling like you do. We have seen the worse and invested even at 15 cents range instead of running. You can sell but we will buy at our pleasures as said, don't assume people who disagree with you are loosing money. Indeed it is healthy Armada price takes a breather after surging so fast. No one ask you to donate, but you walk your talk instead of boasting you can sell until we cry. We are waiting for good price to add more . You want respect ? Earn it but not sound like a street running rat.

Yu&Mee, don't talk from high pedestal chair of hi or low EQ, it is your sarcastic ways of talking making you sounds like a street running rat showing off, taunting people to hit you. You can reason if Armada is over or undervalues , no one would be annoyed. As you boast you can sell until we cry, please sell down the market. We are waiting to pick on the dips. Bring it down to 40 cents today ....

YunMe who are you to tell us we have to follow you ? Just sell and we will buy at our pleasures.

I queue to buy at 40 cents, trying to fish, let the syndicates sell, we collect at dips

YunMe, have you ever heard of young bull getting tired so soon ?

Don’t sell for now

JC is busy pissing people off at the Netx forum as he is proven so wrong here with rising Armada price now. He is hanging on a coconut tree at a different island after Armada Tsunami.

We have been holding on our shares waiting for the real light at the end of the long tunnel.
This is positive if IK ‘s source is reliable and the information is right. Thanks for sharing , IK and Mikekim

Apanama Apa lu mahu ?

The more John Chew talk negatively about Armada, the higher it’s price is lately. It shows shorties have failed to suppress the market confidence in Armada.

Another potential booster is Trump may have to eat humble pie from China by November to conclude a deal before he roll out his re-election campaign. Just wait and see.