cash in hand 700mil as at 30/4. balance unit on hand is 1.2bil (target to sell 800mil by oct23) remaining 400mil to sell in FY2024. by then total cash achieve is 700mil + 1.2bil. Which is close to 1.9bil cash in hand. So why cannot achieve 2bil?

Bye bye limit down.

Ini macam baru betul. So susah to cash out all stock, end up put back into the loss making business for what? Already cash out fast fast give back all money to shareholder. 15bil sales cannot earn single sen profit, upcoming 6bil development won’t make any different.

2bil cash dividend to shareholder equal to around 80sens. Then maybe dispose the lousy business can get 300mil means another 12.5sens after closing down the company back to shareholder.

What I suggest is don’t keep the 1.1bil for future project, give all cash to shareholder because their project not making profit and point to proceed with it. Just sell off the business close shop after giving back all cash to share holder.

Did I say 60sens is expensive? My point is they are now cashing out all the stock. Once complete sell off all unit, they will return part of the capital to share holder (900mil). The remaining will keep for future development. The so call remaining I guess should be around 1.1bil. In total 2bil cash will be obtain from selling remaining unit in hand.

U still don’t get what I mean. I say it is better to give us 2bil cash dividend instead of 900mil. Understand?

So capital repayment 900mil vs 2bil. Which one you choose? Think rationally.

To me, continue to sell houses that not making profit make no sense. And after selling 15bil also cannot make profit, giving another upcoming 6bil sales won’t make any different. The only ppl who benefit is director who get millions of salary. Got it?

Instead of repay 900mil, I would suggest to dispose the entire business and pay back all available fund to shareholder. Got it? Maybe can get 2bil repayment after sell off the business. Good isn’t it instead of getting 900mil, we can get more ie 2bil.

We want to get the best return from investing. Now giving a choice, to choose between repayment of capital or reinvest for growth. My suggestion is repayment is a better option and best for shareholder.

No, I’m not wasting time. I’m here to comment on the business prospect. Judge base on past performance.

BTR also loss money. I tot they only in charge of building and cost was paid by investor. End up with losses, really funny. So do for fun only lor. Better don’t do. Do more loss more, better return all capital and close shop.

What is the business means if don’t make profit building houses? 15bil sales, where is the profit? Been selling houses since 2013.

Hard to imagine, working so hard pressing day and night. To squeeze 900mil out to pay back 30%. How to hope can get back 100%?

Company no make profit how to declare dividend? So must do capital reduction exercise lor. In short, they repay capital back to you. Very shy after sell 15bil property cannot make 1sen profit ma. So bagi balik 30% capital to cool down angry shareholder.

Good point good point, it depends where you stand. At 0.2 cost is a sure win, laughing all the way. However at 1.20, crying all the way to longkang.

now capital pun tak boleh get back. initial IPO raise almost 3bil to grow uk business. now planning to give back only 900mil. already declare 144mil 2 years ago. total 1044mil, so where is the another 2bil pergi? sell all asset plus underwear can get back the 2bil capital? boleh kah?

Halo drkelvin, obviously this company had overprice thier product, means 20% pun tak boleh dapat. see over the past few qtr, they keep on give discount, impairment of stock value, all these means thier pricing is over stated. now selling all stock at no margin or negative margin. 15bil of revenue achieve over the years, satu sen profit pun tak boleh dapat. ada pun use up to pay salary and interest. shareholder get what? get back only the capital saja, mana ada share profit? talk shit only la.

Already mention many times, by late 2023. As long as within 2023, means they no break promise lor.

Privatise eco international, operation take over by ecowld malaysia baru make sense ma. Maintain 2 listing entity for what? Wasting money pay salary dua kali.

Better close down and pay back capital to shareholder. Else our money end up paying director salary, all gone.

build house take years, margin 20%. Means must sell 80% unit only breakeven. Take loan pay interest 6% p.a. After 5years finish sell 100%. But all profit end up paying loan interest. 白做。

now is only for goreng earn 2-3sens. cause 5bil debt is very big sum. If this dont reduce, armada hard to pay dividend. no dividend very hard to score high value.

it will go down bit by bit until August. dont hope for any price up.

bulan lapan baru election. got 2 months slow slow collect. Collect until RM3. baru happy.

bye bye...back to holland

Limit down, miami land deal call off.

Limit down man, no more gain from disposal land miami.

Sure or not? So confident.

Going to Holland

Haha what a joke! Terus jatuh masuk longkang.

What is the best price to sell?

Bought 1.20, get back 0.50? How the balance 0.70?

I stuck in this Ewint for years, waiting to get back my money.

Always goreng sekejap, then go down for long long time.

Sudah habis goreng! Run before is too late.

https://www.upstreamonline.com/exclusive/kraken-fpso-update-uk-safety-regulator-checking-events-that-led-to-shutdown/2-1-1468120

Bear is coming, run!!!

even kraken back to working with revise capacity, price hardly back to 0.60. because investor will factor in the risk involve in FPSO. it may only go back to 0.50. and all these depends on how bad the situation is for Kraken.

without kraken, everything will change. debt level will maintain at 5bil range, and this will affect armada from taking new project, and also prevent them to distribute cash dividend to shareholder in near future.

uncertainties behind the drop. Kraken is the turnaround facator for armada, it had help armada regain its position by reducing debt from 11bil to today 5bil in 6 years time. kraken original contract suppose to end mid 2025. If everything smooth, by then debt level may down to 2bil by mid 2025.

F**k, start cutting loss!

Not so straight forward. If really small issue, I believe mgt will be the first to stand out to clear the dark cloud. Until now we don’t see any updates from the mgt.

Wa so many sifu shouting!

Look like price stable as for now. Rebound won’t be a lot, but if falling, lot more to go.

Not good not good, no rebound. Means another red day.

Not good not good, no sign of rebounding.

if the price do not rebound today, tomorrow will be another heavy fall because trader did not earn from yesterday trade.

Q2 result still good because disposal of vessel, but Q3 onward will be ungly.