Noting shareholders complain about possible speculative trades on the counter amid high intraday short-selling volume in recent months, Christenson said: “We will write to the Securities Commission and Bursa Malaysia to highlight that shareholders had made this complaint for them to investigate.”

Not possible. Definite.

I wonder how Mabel made money at ICON. I think majority is crying.

Considering the fact that, Urusharta took over at 0.08 and sold at 80sen.

Damm i'm good with my prediction. But didn't expect he will appear so early in the morning...=P

U ciaoz by 45sen panda?

only converted 5mil trade receivables into cash last quarter.

But raise bunch of cash from ICPS and ICPS conversion and invest in property plant and equipment and acquiring subsidiary.

What's accurate is ur desperation in pretending to be accurate....

Here's my prediction on top of IK will come pok pek pok pek....
Market will open. Some people will make money. Some people will lose...

Better question to ask, u so accurate why go tikam 6D and make urself a millionaire...
Come here do "prediction" got 7 use mer?

C data carefully, we were hit by Asian financial crisis on 1997...got drop abit... before that, between 1970 to 2000...our GDP per capita ding dong 5000-7000usd...after especially 2003...rockets all the way to 11k usd...

People needs to know the truth...Zeti should have the best narrative.

Tmr IK will confirm come pok pek pok pek...

Once upon a time, Heng Yuan was 19 dollars. 7 Billion dollar valuation. No company is too big to fall.

If u ask me, it appears very attractive now at 1.2Bil valuation.
sifus here any comment?

It's not easy to make accurate debt over orderbook adjusted valuation.

Why Yinson PE33? Why Armada PE5? Between PE33 drop to PE15 is more likely than PE5 drops to PE 3. If u wanna argue armada got f*cked up. What makes you think Yinson can't be f*cked?

Sorry, dont mean to be rude.

If profit maintains at RM60mil - 75mil translating to EPS 6sen, 30sen-35sen at PE 5 is cheap.
If profit increases to RM100mil-120mil, translating to annualised EPS 8. PE 5 at 40sen is cheap.

I will sell if it every hits PE12. Let adventurous people to chase PE15-20 or 25. Yinson PE33 btw.

RM0.01. Tmr if u ask again will be RM100.

If u ask stupid question. Don't expect to get good answer.

mikekim, good management during bad market.

The 10 years curse with black swan effect. No easy to persuade market to be optimistic of Armada's prospect. Hence, I guess it's a good time to collect.

https://tradingeconomics.com/malaysia/gdp-per-capita

If u look at this data. You will notice something funny at 2000-2005? Our GDP per capita actually started to grow after 2005. What changed?

Hint: Go look up on who retired in 2003. Data DON'T LIE.

micsoh, if u see zoom in until such a micro level...u will not survive tmr.

Look at the big picture. DJIA in 1970 was 5000pts. DJIA in 2020 is almost 30000pts.
Why? Population in 1970 was 3.7 Bil. 7.8Bil. What does that means? There are extra 4.1Bil people that's delivering and receiving good and services.

Next point. In year 2000, Chinese GDP per capita was about USD1000. In 2020, China's GDP per capita has increased to USD8000. How many billion dollar company and billionaires was created?

https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(PPP)_per_capita

1–1800 (Maddison Project)
Index from countries I will stay away from are Western Europe. US, Canada. They are averaging 40k-50K. The high growth on are China. Let's just say you believe everyone in the world are all eventually equal, a smart thing to do is to sell equities from the green countries and start buying those in the red.

https://upload.wikimedia.org/wikipedia/commons/0/0c/CountriesByGDPPerCapitaNominal2018.png

Zoom out abit, see 5-10-15 years. Stay away from index with GDP per capita above USD30K.
There is reason why legends like Ray Ralio says US is high risk. Euro is high risk. Pay attention to emerging markets.

I believe It's easier to increase GDP per capita from USD1K to USD2K if compared "some" country with GDP per capita of USD 40K to 80K. The signal is change in governance and improvement in education and quality of labour. That's why indonesia and vietnam becomes increasing attractive. Malaysia, so-so, still not too bad.

Can be manipulated
Like putting fake sell or buy queue in large quantity. Then, this will strangle the price at a range.

u see there is a freaking 200mil shares sell queue from 39sen until 45sen. Do u think anybody wanna buy at 38.5sen? You won't because, u don't wanna wait for the price to go up. Then u cancel ur buy queue. If all the retailers cancel their queue, the person that put fake sell queue got chance to collect more. And possibly collect from IDSS if they short at lower price.

for the opposite, if they wanna drive the price up. They put big buy queue at the bottom, retailers got no chance to collect any lower than them. Possibly they even buy themselves so that the price goes up near term. Impatient retailers will buy at any price in a temporary upward momentum.

That's why I don't like large cap company. Can be manipulated by operators.

Small-mid cap also no difference. You have people like KYY.

In the end of the day, if u r retailers. Find good business. Buy at a price u believe undervalue and NOT SELL as along fundamentals are intact.

micsoh, banking got hit from 0.25 interest cut. You can foresee reduced deposit in banks.

If people don't put money in bank? Where to do they put?
Best place? Back in the market.

Is this winter limited to Armada?

Petronas still makes sense to advertise in public domain considering they sell alot consumer products.

But if u find OnG service providers to desperate enough to "market" themselves from cycling event....u probably know how f*cked up it is.

Ur customer comes from general public is it?

https://www.youtube.com/watch?v=CXXLMNEJ3L0&feature=share

Good similarity with pearl white... short short short, nowhere to be found already...

Every year also the last few days of reporting quarter. Last quarter make so much money. U got see armada report early mer? Only stupid make relation that report late means bad news. Cannot purposely report late so that can collect low one ar? hahaha

Up to u to believe, it's very unlikely that they will make report losses.
Since they are operationally profitable at pretty good EBITDA margin. The debts will soon vaporize from selling non performing assets and focused on performing assets.

The CEO and CFO worked hard to report straight 3 profitable quarter, they will undo all the good work they did for past 12 months by reporting 1 red quarter.

If they do, from where? They hv impaired a bunch of losses in 2016 from Claire and non performing OMS due to poor oil price. And impaired a bunch again in 2018 from Kraken and OMS from technical and poor OMS utilization. Let just say there is something left to impair from Claire judgement in Q1, 2020 and decided not to pursue the case; then if it appears at all, should be in Q1,2020 report earliest.

SInce I bought, 20++ sen, 30++ sen averaging 30++ sen. What's the logic for me to chase high?

Chasing high is only for those who missed the opportunity to buy at below 30sen.

When I buy at 20++ sen, bcos downside is 10sen, upside is 50sen. I LIKE IT
When I buy at 30++ sen, bcos downside is 10sen(adjusted improved fundamentals), upside is 40sen. I still ok like it.
Now, to buy at 40++sen, downside is 20sen(adjusted improved fundamentals), upside 30sen. I don't like it as much.

Well, there is always people that sells at 40sen. More conservative valuation.
At the sametime, adventurous people that buys at 40sen with his valuation of 75sen.
At the later time, more adventurous people that buys at 75sen with his valuation of RM1.50.
I don't know. I don't care either. As far as I care about, I won't buy anything that upside doesn't give me 3X the downside side.

Can you understand this concept bullrun? Upside, has to be 3X my downside for me to buy anything. For me to buy at high price, increase the risk undoing all the good things I do from buying low.

Here's a caveat, if the CEO continue to run this business profitably; I will continue to hold and makes new valuation based on new fundamentals and earnings projection.

Foundpac, straight 2 quarters improved earnings. Price went up 4X from it's low.
Dayang, straight 2 quarters improved earnings, Price went up 3X from it's low.

DUFU, maintains straight 8 quarters profitability and margain. Price went up 8X.
same as Penta, earnings or margin didn't grow proportional to the price increment.

For Armada, straight 4 quarters improved earnings. BIG Debts adjusted, I give 1X instead of 3X, 4X or 8X is VERY CONSERVATIVE. Statistically, I good at buy things too early and sell too early also. Cost too conservative. Hahahaha

make money from IDSS, and come back play long...

You see, short also make money. Long also make money....

MACD XOVER sailang!

Some people deserves no sympathy.

Putting KAQ bitterness aside....He is doing newbie a service by reminding people how nasty some IDSS come spread baseless bad sentiments.

I hope spinning is shorting from now onwards so that he can die and ugly death.

Damm panda on winnining streak

I have been making valuation estimates since 2017...Previous management nvr failed to surprise me...hence I stayed away...

But last 3 quarters has been within my estimates...so i jumped in....

Hopefully, no surprises.

nothing is impossible mikekim...Armada drop to 16.5sen before....I would have nvr expect that...

Do u know how much he pays the broker? Not enough cover service charges..

I wonder...what’s the purpose of speculating daily market activity.

IDSS scared lo...

Gai gai Kuching...jgn pula buat keputusan jual beli dgn b*llshiit say tulis sini...

U contra ka John...contra hv to wait long long

This must be another fella got burned kaw kaw at sapura...ask people to go support the price

T6? hahaha....u can die faster also...

now short seller 37.5, next wednesday buyback 47.5

laugh die me.

But 17 Jan short sell at 47.5 and now buy back....I genuinely happy for u...

Don't push ur luck too far.

He might enter if sudden surge of price above 40sen and chase 45sen exit.

His play style go buy momentum. Only buy when strong upwards momentum. Few sens then he ciaoz already...

Itch, anytime now...

Yinson's CEO Chern Lim...RM4,076,700....

Can anyone makes any sense that... A company that manages profitable company with market cap of RM7Bil gets paid RM4mil. With an idiot, that manages forever losing money company valued at RM3.8Bil for RM12mil salary.

What's the donkey sense there.

https://simplywall.st/stocks/my/energy/klse-armada/bumi-armada-berhad-shares

Mike, are you for real? Gary cost RM365k per annum?

Or he is blardy confident that he is gonna make alot more with his 35 mil shares?

P.S. Lai compare with Sapura's Shahril, whopping RMRM12,830,000
U guys know which counter to stay away la.

Wsy, shorties will do what they will do best...

Rmb, shorties need u to buy high from them and sell low back to them. Use this as ur advantage to sell high to them.

Contra, sell before 4pm. Else, force selling will drive the price down.

wsy5023 Kim, IK is a legendary speculator here in i3 who always buy at the lowest point and sell at the highest point which supposingly made him the King among the investors.
============================================================
Last time I was free, I called out shpok bluff. That guy didn't always get low and sell high.
But he does own alot of shares all the way from 60sen to 20. But i'm not sure about his average.

P.S. I do not believe those screenshots are fake. if it's fake, this guy really wu liao to the max. Same level as those kaki kong kaki song alreayd.

when summer comes, the virus will go away... The virus is so much less potent in hot climate.

Target after Q2 Announcement for first wave profit taking. 2nd will be January 2021.

bullrun, IK b*llshitting....

that's an open secret. No need speculate.

See market wanna leave it at PE 5 for how long lo...

U can brain why market value some at PE 30 and some at PE5? No debt cannot pick up debt one more?

Those with debt cannot pare down debts one mer?

Bullrun and wsy...make money today?

After misc charges...how much left? Can cover the losses?

No, main support level at 35sen and 30sen....35sen and 30sen is a price too irresistible....
Beside, 40sen to 75sen and 35sen to 75sen is just 5sen difference. But 10% more could means alot to alot of people. But if you put 37sen, hehehee, it's more like u try to scare people to sell low to collect la.

Sometimes I think to myself, if I want to collect more, I don't mind that the price drop lower.
I want more. At the price that I want la.
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bullrun1985 0.40 and 0.37 main support level

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

will be curing at the rate 1-2K people per day.

I buy at RM1

P.S. I don’t know what’s ur objective.