I tot he claim he been setup by JAKS

There's still 6% before this counter to comply the public shareholding spread if the disposal by KYY is fully absorted by bilis... Whether a not the continuing of disposal by KYY would make little effect now since his holding less than 5%. Expect more pump and dump by other substantial shareholders.... Kind of pain...

Very conning.... Still cannot accept the way they dispose....

Indeed, like never saw this kind of off loading happen here before

Non ethical

Hut today keep 1week... EnQuest result and projection output in North Sea say louder...

tunggu apa, bossku. sapu 0.195 la...

Price drop to 0.165 after shpok have his Teh tarik 3 biscuits

Anyway, I'm going to ride the waive... I'm more concerned on EnQuest YE18 result and their production outlook on Kraken field. A positive result from EnQuest and improved production outlook on Kraken field sure make a big difference on BA debt negotiation. Maybe that's a reason why management want to delay the negotiation to April. They want to use EnQuest result as chips? A possible of write back can happen to the 1.2B impairment on Armada Kraken. By then, the share price is automatically back to 0.30.

King, pearlwhite will jump on you for disclose such info... Remember your TS case?

1st thing tomorrow... run.... T3 for Tuesday's trade... look like there's selling pressure before the weekend... Q 0.165

tak ada umph....

https://www.theedgemarkets.com/article/bumi-armada-says-dissolved-usbased-subsidiary

really got nothing to write on BA... Management should come out and dance in front of TheEdge reporters.....

commonsense la.... macam tu pun nak tanya... haih...

lol... total issued shares only 5.78 bil.... how could "shark" buy up to 7B? do some homework before start barking nonsense la...

will up with this volume... 50 mil in 30 minutes.

22 March a big day for BA. EnQuest going to report their result for YE18. BA could be a join winner if EnQuest manage to report a flying color result and no impairment on their flagship project, Kraken in North Sea.

Think tml will open @ 0.19. the 25mil between 0.19 & 0.195 done in 2 minutes should be sapu by funds and institution.... Could be face huge resistance if no big funds continue to pump and support...

50% of total trades done @ 0.19, balance distribute equally between 0.195 & 0.185

just wondering who is buying, volume for last 6 days are unusual

That article published in TheEdge weekly way before the digital copy available over the website. I believe that is a scheduled upload to The Edge Portal. Maybe this is what naisse mentioned earlier there's news for BA as he already read the paper copy.

King, read it carefully, the lady in fact is copying mikekim

will Q again @ 0.165 if no news later.....

good timing tho.... wondering why no one talk bout this over the weekend....

https://www.theedgemarkets.com/article/faulty-generator-adds-bumi-armadas-debt-woes

expect more.... everyone is chasing now

https://www.theedgemarkets.com/article/bumi-armada-tops-bursas-energy-index-saudi-affirms-opec-oil-cuts

0.175 cleared

Nice hit King!!! Good slap on pearlwhite's face...!!However, there's a report saying that BA is leaving Brazilian soil... I'm wondering if BA giving up on the biding...

new 1 year high in volume

pressing down 5 cents by throwing out 10 mils shares...

GG those bought dayang @1.7

The whole 30mil shares were done between 0.16-0.165.

Shorties are those opportunists who short shares for profits

BTW, nasaie is yay or nay?

micsoh At then, u can issue whatever right issue also can.
_______________________________

This will lead to another cash flow issue. There would be a time gap on any sort of capital raising. Management would need to get approval from shareholders in an EGM and get nod from SC. It will take about 3-4 months to do so. It's too late for this exercise as they might not get the desired amount raised and possible default as they could not meet the repayment date.

That's why BA ruled out this from the beginning.

it has been a week since BA announce on the change on CEO, let's see will there any interview or article on the newly appointed CEO. The management should come out and restore the confidence of the investors and lenders. Otherwise, just bring it down,let everyone walking out from the front door and flop the business.

cuz they have no cash to do so.....simple... they won't be in debt crisis if they have cash in hand... right?

how likely AK will divert the wealth from his other listed arm to BA... via dividend received from Astro & Maxis... how...

https://www.theedgemarkets.com/article/cover-story-how-sustainable-stocks-yield-proposition

someone park a double deckle @ 0.605 and another absorb it happily.... kind of weird....

And what if PNB nod for the takeover? Their holding more than EPF tho...

break the 1 year volume..... but price up 3 cents only.... hmm.....

weird.... very weird....

seller Q like reducing.... no IDSS?

http://www.bumiarmada.com/App_File/Image/assets/Q4%202018%20Analyst%20Briefing.pdf

OSV
▪ Vessel utilisation 38% in Q4 2018 and 43% in Q3 2018.
▪ Disposed of 1 vessel in Q4 2018
▪ Several other vessels currently under negotiation for sale

Subsea Construction
▪ Waiting for decisions on bids for work in the Caspian.
▪ Armada KPI mobilised in September for work in Indonesia.

▪ Net profit before impairment(1)(2) decreased by 54% to RM34.3 million due to higher
allowance for impairment losses for trade receivables and amount due from a joint
venture of RM96.7 million

0.165 break soon

RJ, FM not only listen to their own analyst & research house... they also receive tips and info from other RH....

AK lost all his investment in BA if he giving up... That's 30% of equity interest. But, if he is dispose every single assets in BA, pay off debts then dissolve BA, he at least have salvage of 0.30/shares, maybe? Which more worthy?

https://www.thestar.com.my/business/business-news/2019/03/05/cash-call-option-for-bumi-armada/