Brexit deal is great booster for Europe , market confidence would improve .

believe it shall go beyond 70 cents soon

I crossed 50 % profit margin, still holding

IK that is the risk I feared and sit tight holding .....

IK. Just hold and ignore the volatility as it is still on uptrend unless you want to earn 0.5-1.0 cents arbitrage with high frequency exposures to up and down, hence the stress. Though at times I am tempted but refrained from doing it .

John Chew, ckca, and many shorties swept up the coconut trees still dazing from the tsunami force.

The fun has just begun..... Look out at the coconut trees top , many shorties washed naked up there this afternoon.

John Chew, actually we don’t worry too much of your baseless talks here but sicked of your recycled old news repeated umpteen times. Bring new facts to prove your argument but not annoying noise. You are exceptionally hard working for hidden reasons.It is hard for many folks here to ignore your annoying behaviours though some say just ignore you. If constant attention is what you want , you need help that this forum may not provide you.

@Yu_and_Mee Already about 3x price u. Too risky to buy now
10/10/2019 9:29 PM

What were you thinking when Armada fell to 5 years low 14.5 cents from RM 1.60 , did you think it was risky to buy then ?
What would you think when Armada rebound back to beyond , let us shay , 69 cents or even RM 1.69 , would you think you should have taken all facts into considerations and acted earlier ?

Thanks Mikekim for your diligent analysis and a well balanced view and write up on Armada. As indicated, the rewards outweighs the risks in this case.

We have seen the worst , the darkest night of Armada share price at 14.5 cents, now we see the light appearing in the dawn. Those who were hesitating when it was at 20-21 cents, have also started to chase at 34 to 36 cents now. Only the shorties are still talking about the dark night for obvious agenda.

Keep faith as we shall reach 40 cents soon and then next price resistance at 50 cents.

John Chew tends to talk outdated news and dwell on the past while we are seeing the future of Armada base on latest situations. It speaks volume here.

It is hard to resist the temptation to hit street running rat when we see it keep coming out from its hiding.

@Johnchew Surety shown that the credibility of AB is lacking...hoho
10/10/2019 3:39 PM

@ mikekim Surety is very common in lawsuits and injunctions. It’s just court logistics.

So John Chew, try not to show you know everything but actually you are looking for bone in the egg yoke to propagate unfounded fears among those who have invested in Armada.Same for ckca who tried to be the expert of marine engineering operations before until he was proven just simply empty talking.

We can treat contrarian opinion with some respects but not just empty talk to spread fears.

John Chew, how sure are you Armada would loose the case ?

Providing a surety of AUD 500 K does not meant loosing a case, John Chew, Are you some type of Queen Counsel here ?

@ Itch Perhaps give him the benefit of the doubt...he/she meant the rest of the doom and gloom guys

I agree Itch, I guess Shark& Shoties could become just fed up with the naysayers or street rates all this while and may just blast out suddenly . Just want to poke fun at such strange general remark.
Many investors here are making paper gain now I guess but do not want to cash in yet as we believe what Mikekim and Mabel have been saying ... Armada is still very under valued at this moment. Let us keep holding for big gain .

@ shpok4574 shark and shorties, are u the one shorting the armada from 0.15 until today

Good and sharp question for Shark and Shorties, Shpok4574, as he/she sound strange for the general remarks LOL

Shark and Shorties, there are investors who hold on from 15.5 cents until now in addition to Mikekim and Mabel, do you still call them idiots ?

Armada price barrier 35 cent broken, heading to the next hurdle 37.5 cents .Looking good .

These naysayers , JC and ckca ( Geco MIA), are back to talk 3 talk 4 as shorties , it is obvious they are shorties. They have been screaming since Armada shares were 20 cents damning the shares as over values and Armada is PN 17 case. It is interesting to see are they going to be here when Armada reach 40 cents , 50 cents and then 60 cents. Meanwhile, let us rise with the tide ....

25 buyers queue = 180 sellers ; with queue buy 10.3 millions share versus 10.5 millions shares selling respectively. Tomorrow would be looking good I guess.

look like bilis are queuing to sell at 35 cents while big players are lining to buy at 34.5 cents

Good to see the 35 cents mark, Never sold any share so far. Next hurdle is 37.5 cents if 35 cents mark is broken.

Many shorties hanging on coconut trees.... at the last hours of the day.

Armada looking good in the last hour trading, shorties washed ashore some on top of coconut trees.

Mingoon you are good too, Salute rise again today, with you supporting Armada as well, good signs of investors'confidence in Armada. Just ignore those noisy street running rats...

IK , I agree with you , don’t bother too much with them is the way to go.
Get ready for the up swing . I am queue to buy further if it drops again.

Any body dare contradict Cold Eye in believing Armada ?

Mikekim is right, we dont waste time arguing with the naysayers who intend to short hence keep saying how bad is Armada although it is quite tempting for people to hit some rats who keep running around and making noise.

Once Kraken reach full capacity and stable the next 2 quarters , some writing back of the huge impairment would be possible, Armada would fly. Claire court case is another catalyst waiting to happen. Keep our faith , despite Armada price drops for the last few days , part of correction process building the base for the next upswing, Tsunami is building up ...

The management of cash rich companies are generally conservative and it may reflect poorly on the company as the management do not how to use money to grow the business aggressive enough.

SY Chan , be cool, don't have to paste same postings so many times .

Some of us have seen the worse of Armada share price at 14,5 cents from 70+ cents , dint get panic to throw to IDSS but added more , now it is at 31 cents today after hit 35,5 cents, expected some correction lately as the rise was fast, but we still no panic. Just add more as Armada operations and results have improved the last 2 quarters.

No worries, if it dipped to 28 cents I will add more; investment is meant for steadfast adults.

@ckca, If you math is so good, then why only RM2.4 billion revenue when you claim got order book RM20 billion ?
01/10/2019 11:37 PM

Ckca if you understand what is a long term contracted business like building FPSO to meet specific client’s requirement for commitment of orders that last for years, you would not have asked where the RM 20 billions order. Either you don’t know or you are just twisting facts to paint gloomy picture of Armada to have your IDSS profit at all costs, including lies to get your ways. As you have been proven ignorant on marine operations, don’t pretend you are the expert on Armada. You simply argued to scare newbies.

For investors, price dropping for a few weeks would not bankrupt us as we do not need to sell to incur paper loss but on contrary IDSS ass would be on fire if the share price keep rising for a few weeks. Hence you , John Chew, Geco, Apanama and the likes are very hard working to spread fears here.

Ckca has been adamant that Armada is a lousy share but now says buy at 0.315 cents , those newbies who sold base on his fears mongering now should feel cheated, Proud to be cunning and make money by twisting facts , ckca ?

AK lends Armada USD75 millions to invest further in the India JV, not paying debt , ckca, are you not twisting fact once again ? He is a well known shrewd investor and you dare claiming he is buying into a potentially bankrupt Armada further ?
Did you not try to spread fears of FPSO can’t stand rough seas operation with some YouTube video of rough seas , and claimed the generator on Kraken may fail as if you know the marine engineering at the back of your hands ? Didn’t you expect none of us can poke holes into your Armageddon stories ? So were they meant for newbies who only had travelled on ferry Pulau Tikus to Penang Island ?
Be creditable and I can respect and accept your contrarian views with great respect. Did you not once said you enjoy coming here to see how the investors would fail here ?

Ckca, John Chew, Geco and Apanama, we hear your old stories many times over, noted you have little confidence in Armada despite it is recovering, you may go on elsewhere to enjoy life while we want to invest more and ready to take the bull by the horns. Many of us bought as high as 70 + cents but also had the courage to buy even more at as low as 15 cents.
As said, this share is meant for adult investors who have vision, as all of you are so scared, go home and have some milk instead of crying baby here for so long. Don’t be a rat keep crossing the street looking for some beatings from angry public here.

I have faith in Ming Goon’s opinion as he is proven right on his postings on Salutica forum , he knows the values of shares base on fundamental. Salutica boomed lately.

Should it drop further I will collect more again. Shorties can throw, investors like us would collect. I que to buy more at 31.5 cents , and more again next 2 levels below that. Come...ckca, Geco, John Chew .... throw to us.

John Chew, you can provide contradictory statement but not repeating the damn old stories too often , as it Is becoming a nuisance .
No one like to see street rats parading in broad day light, everyday , everyone wants to hit them as they are the public menace. So gain some respect as you have the capacity to see the truth but just want to twist it for obvious reason. It is a rising tide you can’t stop .

ckca,can say any damn thing, we all know he/she is here to talk down the confidence of the shareholders in this forum.

ckca,talked about the so many risks of FPSO going wrong in rough seas and its generator sets may stop any time as if he/she is an experienced marine engineer in this particular filed until I challenged his/her persistent claims of such risks and prove with his facts and I shall respect his/her "expertise" if he/she can prove it and call him/her chief; he/she did not come back. So proven, he/she was just simply fear mongering.

Geco, you can make a fact base statement and stand for it but don’t try to say it is a joke at the end of it. Be responsible for us to respect your opinion, otherwise you are behaving like a running rat running on the street tempting many to hit you at sight .

When Armada share fell to as low as 14.5 cents, only those see the values dare to buy despite many doomsayers. Today it is on the rise because situations have improved and yet there are still a few persistently pessimistic and skeptical of the turn around of Oil and Gas in general and Armada in particular. Well , it is their choice to sit on their hands and keep crying wolf while many here see the rising tide hence the rising Armada and joining the ship to sail the 7 seas.

@ Mikekim
“Dear fellow long investors, I think it's best to ignore uninformed, gibberish comments on this forum. “

I agree with you , Mike , even though at times it is quite tempting to join the angry crowd hitting the rats running across the street . They are such a public nuisance as they spread diseases ....... for selfish survival agenda.

For those who continues to doubt Armada is on the rebound, they can choose to invest some other shares or put their money in FD.

Mikekim, I agreed with you ,Thanks for your wise advise

@brain
Thanks

@InvestorKING Idss around 33.7mil shares, total volume is 71m, 33.7 divided by 71x100%=48% approximately when closing

IK , I mean the question is where do you get the information of volume traded by IDSS instead of how do you calculate the %,
Thanks

IK how do you get the IDSS % ?

John, you are talking of 1 off impairment of Kraken in year 2018 when it was having trouble of meeting the operational requirements in year 2018, base on accounting regulations. It has turned around subsequently hence you cant assume the impairment cost would recur. On contrary it may be reversed in the future quarters if Kraken operations remain good or even better.

When we are at 40 cents “road junction “ we shall see what else the nay sayers got to say and then at 50 cents , 60 cents and 70 cents............... Wish everyone good luck.