Nope. "insider news" doesn't worth shit.

Cos, do u think Berkshire Hathaway bought Heinz because of "insider news"?
They invest Heinz it makes business sense. So please la, anybody tells u "insider news". U better run far far away.

i3lurker, based on ur historical comment, u r at best a remiser that runs errand for the banks/research house you work for.

I lose more money from "insider news" from my remiser more than my own analysis

U know why I don't take spinninglotus seriously? I stopped at reading "Illegal for Armada to appeal".

I wrote more than 10%, but dunno why spinning lotus mata juling to read armada dropped 10% only and went she-hulk at me. Bodoh betul. U wanna rely on people that read things like that? Seriously!

And the list I share was armada lost 29%. Despite 29%, Topped chart was securemetric and 5 other companies at around 30% lost. The whole list are THIRTY counters that lost about 20%.

and if you see Brightpac in detail, price went up from 20sen to 50 and hover around 35-40sen before quarter report despite the wuhan sentiment. Some donkey will say insider buying. Must be good QR.

Untilllllll....opps...a bad quarter report released. Price crashed to 25.5sen

CompanyName Company Value_Latest Value_Previous Percent_Change
__________________ _______ ____________ ______________ ______________

'SECUREMETRIC' 'SECU' 0.21 0.53 -60.377
'MAL GENOMICS RES' 'MGRC' 0.23 0.4 -42.5
'PARLO BERHAD' 'PARL' 0.11 0.16 -31.25
'TDM BERHAD' 'TDMS' 0.25 0.36 -30.556
'BRIGHT PAC IND.' 'BPAC' 0.26 0.37 -29.73
'BUMI ARMADA' 'BUAB' 0.36 0.51 -29.412
'GETS GLOBAL BHD' 'GETS' 0.12 0.17 -29.412
'RIMBUNAN SAWIT' 'RIMB' 0.28 0.39 -28.205
'MUHIBBAH ENGINE' 'MUHI' 1.7 2.36 -27.966
'SEACERA GRP BHD' 'SCER' 0.25 0.34 -26.471
'TH PLANTATIONS' 'THPB' 0.43 0.58 -25.862
'INT'G LOGISTICS' 'ILBM' 0.29 0.39 -25.641
'JAYA TIASA HLDGS' 'JTIA' 0.73 0.98 -25.51
'KNM GROUP BHD' 'KNMP' 0.26 0.34 -23.529
'PASDEC HOLDINGS' 'PDEC' 0.27 0.35 -22.857
'TSH RESOURCES' 'TSHR' 1.19 1.54 -22.727
'HARN LEN CORP' 'HLEN' 0.45 0.58 -22.414
'MEDIA PRIMA BHD' 'MPRM' 0.21 0.27 -22.222
'BRITISH AME TOBA' 'BATO' 11.78 15 -21.467
'MALAYSIA MARINE' 'MHEB' 0.7 0.89 -21.348
'ALAM MARITIM RES' 'ALMT' 0.15 0.19 -21.053
'KARYON INDUSTRIE' 'KARY' 0.15 0.19 -21.053
'DESTINI BHD' 'DEST' 0.19 0.24 -20.833
'CARIMIN PETR-O' 'CARM' 0.99 1.25 -20.8
'GFM SERVICES' 'GFMS' 0.23 0.29 -20.69
'MYCRON STEEL BHD' 'MYCS' 0.32 0.4 -20
'ASTRAL ASIA BHD' 'AASB' 0.12 0.15 -20
'HOCK HENG STONE' 'HOCK' 0.56 0.7 -20
'MESB BHD' 'MESB' 0.28 0.35 -20

And for those lose more than 10% this month got 126 counters in total.

That means you have 12% chance to lose 10%

Spinninglotus is saying all these counters got insider news right? All these counter got USD100mil impairment right?

That's how clever these spinninglotus and i3lurker are in creating fear. Lai, go to all these counter say got insider trading la. Go go go....

P.S. I have very good reason to call people soh@i.
P.P.S I have yet to write script to filter % drop from 52wks high. So company that up 950% in 2 days and drop 80% in another 2days like Icon is excluded.

Do PM me if interested to hang out and figure out valuable metrics on identifying good business.

There are total of 126 Counters that lost more than 10% since early Jan.

CompanyName Company Value_Latest Value_Previous Percent_Change
__________________ _______ ____________ ______________ ______________

'SECUREMETRIC' 'SECU' 0.21 0.53 -60.377
'MAL GENOMICS RES' 'MGRC' 0.23 0.4 -42.5
'PARLO BERHAD' 'PARL' 0.11 0.16 -31.25
'TDM BERHAD' 'TDMS' 0.25 0.36 -30.556
'BRIGHT PAC IND.' 'BPAC' 0.26 0.37 -29.73
'BUMI ARMADA' 'BUAB' 0.36 0.51 -29.412
'GETS GLOBAL BHD' 'GETS' 0.12 0.17 -29.412
'RIMBUNAN SAWIT' 'RIMB' 0.28 0.39 -28.205
'MUHIBBAH ENGINE' 'MUHI' 1.7 2.36 -27.966
'SEACERA GRP BHD' 'SCER' 0.25 0.34 -26.471
'TH PLANTATIONS' 'THPB' 0.43 0.58 -25.862
'INT'G LOGISTICS' 'ILBM' 0.29 0.39 -25.641
'JAYA TIASA HLDGS' 'JTIA' 0.73 0.98 -25.51
'KNM GROUP BHD' 'KNMP' 0.26 0.34 -23.529
'PASDEC HOLDINGS' 'PDEC' 0.27 0.35 -22.857
'TSH RESOURCES' 'TSHR' 1.19 1.54 -22.727
'HARN LEN CORP' 'HLEN' 0.45 0.58 -22.414
'MEDIA PRIMA BHD' 'MPRM' 0.21 0.27 -22.222
'BRITISH AME TOBA' 'BATO' 11.78 15 -21.467
'MALAYSIA MARINE' 'MHEB' 0.7 0.89 -21.348
'ALAM MARITIM RES' 'ALMT' 0.15 0.19 -21.053
'KARYON INDUSTRIE' 'KARY' 0.15 0.19 -21.053
'DESTINI BHD' 'DEST' 0.19 0.24 -20.833
'CARIMIN PETR-O' 'CARM' 0.99 1.25 -20.8
'GFM SERVICES' 'GFMS' 0.23 0.29 -20.69
'MYCRON STEEL BHD' 'MYCS' 0.32 0.4 -20
'ASTRAL ASIA BHD' 'AASB' 0.12 0.15 -20
'HOCK HENG STONE' 'HOCK' 0.56 0.7 -20
'MESB BHD' 'MESB' 0.28 0.35 -20

I think current Market Correction affects Mabel quite abit.

Total Market Cap wiped off from 17 Jan high is RM62Bil. If you hold any high volume counters, or any counters that has appreciated significantly since last year won't be saved from this market correction...

It's up to you to make ur investment plan based on market sentiment or objectively based on Quarter Reports.

Why so stupid one some people. It's terminated in 2016. You wanna terminate how many time?
It's like you die already can die again.

You worry Olembendo and Kraken. 2014, Olembendo in poor oil price contributes revenue. Why now only wanna terminate when price is whole lot better now? Kraken started contributing in 2019, whole Enquest dependent on Kraken's contribution. Enquest drops 17% from it's peak. Armada dropped 36% from it's peak.

Actually, Enquest also very attractive at PE3.

Look at who is the fella doing the speculation.

When price goes up, good news. Insider starts buying and shit.
When sentiments turns bad, day in day out say insider starts selling because bad news.

When turns good back, oh...*you put whatever story you like...

So, u making investment or playing blackjack here?

not yet....load up ur bullet and wait.

I think if u fire the Sapura BOD and hire new one with 25% discount, u can save RM100mil alone.

That's the IF sapura is praying. Sapura got jobs. RM2Bil revenue a quarter. It's just it cost Sapura RM1 to make RM1. What makes Sapura 100-400mil loss a quarter is paying a bunch of useless BOD. Who is paying them? Stupid spinninglotus lo.

Well, there are times people like pearlwhite, johnchew, nckm, spinninglotus are clever. And there are times people like Mabel, RJ, Mikekim are clever. Sandwich in between are people that cut win and cutloss. In just the nature of the market.

I don't know when Armada is gonna stop dropping like how I don't know when Dufu is gonna stop going up. But, buying a good business is always gonna beat buying a bad business. Bad business is operating margin and EBITDA is forever negative with no sign of improvement. E.g Sapura almost 2Bil in revenue also cannot make profit. I can't imagine if Sapura don't have Petronas as god father. The plus side is, u buy now. It can't drop any lower liao.

I can easily debunk your "fact" how come it's so difficult for you to do the same? All u can make a comeback is "delete" you stupid claim on how it's ILLEGAL or Armada appeal the court decision.

Now, another unverified claim that Armada has another USD100mil left to impaired despite I showed you Armada has already impaired RM800mil in 2016 and another RM1.8bil in 2018.

I stayed away from Armada in 2018. I said clearly, I don't like how Leon Harland does things. No Kraken acceptance, means there must be compensation somewhere. That time, I was arguing against Mikekim. But when Kraken got accepted, and loan are refinanced, EBITDA margin drastically improved with new CEO, I see value there and started collecting.

I have showed more evidence of your lies than you showing any evidence of my naivety.
Fundamentals, has not changed. 15% PAT margin is still good profit margin. It's not likely gonna drop bcos of NConV.

https://sites.google.com/view/armada-3yr-financial-summary/home

Be objective. Armada despite idling Armada Claire is operating at 15% PAT margin. Margin will improve further if Armada Claire is redeployed and utilization of OMS increases. This is IF is better than any other IF in the market. Else, pick one and we see who is the naive one.

Gooshen, dunno if u still hold VIS. Vis corrected 16sen in a week.

I will join the boat there around May...It's a pretty good company fundamentally. It's just abit cyclical. Never hold past Q4.

Mar share the email here to do something useful....else, it's more like you trying to scare the market by creating something false.

My statement is extracted from Quarter Report. Your statement is based on what?

So, who is the one naive? who is the one deceitful?

Inb4, I won't be surprised if you go cook and email up given a deceitful person u are.

If it's all from Armada Claire in 2016, then there is no basis to spinninglotus "analysis".

It's already shit. spinninglotus is saying, can shit the same shit again.

Total Impairment 2018 from FPSO = RM1613Mil, mostly from Armada Kraken. It's stated there.
Total Impairment 2016 from FPSO = RM814.3Mil, is that all from Armada Claire?

30 Dec 2016
The Group has reviewed the carrying value of some vessels during the financial year 2016 and has made an impairment charge of RM1,738.0 million for certain FPSO and OMS vessels. The recoverable amount for these vessels of which an impairment charge was made during the financial year 2016 was RM1,988.8 million, comprising RM814.3 million in the FPSO segment and RM1,174.5 million in the OMS segment.

30 Dec 2018
Based on the assessment, an impairment charge of RM2,199.7 million for property, plant and equipment has been recognised during the year, of which RM1,613.2 million and RM586.5 million was charged for the Armada Kraken FPSO and certain OSV vessels

Anyway, mikekim, do u mind getting Jonathan to clarify if Armada Claire was fully impaired in 2016.

Cos in 2018, at least the report states clear how much was impaired from Armada Kraken. But it's not clear on Armada Claire impairment on 2016.

will be 2.2mil shares by wk3.

Bullrun, 1.7mil shares.

vis not recommended...not yet...

Wait 2-3weeks after Q1 profit taking. They normally reports weaker Q1 every year.
After that, can start to collect before selling 2-3weeks after Q4.

last 2 months movement is like 2017 unusual movement.

Spinninglotus is like pearlwhite when armada drop to 15sen...that time, the so called “fact” was armada should be 10sen...

These two likely the same person...

Beside, who say I only play long?

Bullrun, now abit paper lost on my re entry above 45sen after selling 53sen- 55sen.

What I’m doing now is averaging down. We shall see if my method works 6 months down the road.

This wuhan virus delayed TP 75sen and creates a rare opportunity to buy low. To be honest, I’m hoping for it to drop below 35sen.

Like I say, rewards of making 20sen from 55sen to 75sen is not as attractive as making 40 sen from 35sen to 75sen. For people like me, I don’t care when it’s gonna get to 75sen as long it will. PE 12 on annualised EPS 6 sen band PE10 on annualised EPS 7.5sen. Either way will be above 70sen.

yakaa..
can how about Saturday..
klcc bum..?
10.30am?

tut tut
love make friends
30/01/2020 11:26 PM

==========================
Aiya, saturday got physio appointment at 10am. Can do lunch?

That time 16sen. Don't even know if can get refinancing or not. Will Kraken get acceptance still a question mark. Now everything written black and white. U still want 20sen-30sen price ar?

if u want small number. Can go see ALAM. 10sen -15.5sen just up 5sen nia. Not alot. Can go buy.

How u know if 40sen now is too expensive?

As long as Revenue increasing, PAT increasing, Margin increasing. Never too late to buy. NEVER SELL UNTIL IT RUNS OUT OF JUICE.

See Penta, Frontken, DUFU, VIS. Doesn't look like will ever appear overprice. Keep going up one. Feel like a big sorzai selling too early.

apollang, that the logic that stopped me from buying Penta. 2016 when I started investing. I like Penta because I know how the boss behave. Very pia one.

But because the stupid mentality 50sen didnt buy. Why buy at RM1. If I bought at RM1 I would hv made 7 fold by now.

https://sites.google.com/view/armada-3yr-financial-summary/home

I give u guys raw data compiled so that u no need flip the financial statement for 12 quarters. U know why I sailang in Mac? New CEO take over, although revenue drop but margin immediately improved. Performance maintained for straight 3 quarters. With FPSO Perdana disposal; margin will further improved.

SEE THE MARGIN! This Gary guy know how to do business.

u better scroll back during the plunge. 30sen I buy, 25sen I buy. 20sen I buy, 17.5sen I also buy.

I say cannot more die than this liao. Cos, cashflow is strong. Even if got debt problem, bank will be more than happy to help. That time the orderbook was 25bil. Who doesn't want to get a piece of interest from RM25Bil. Bank sure refinance.

https://www.theedgemarkets.com/article/demand-fpso-expected-be-exceptionally-strong-year

if this is true, then orderbook will only get stronger. Only remaining question is who are the operators with good margin....

Eh paktua73, when free for breakfast? I'm in town.

Now, i'm looking at Cypark also. They loaned RM400mil. Will have to watch closely what do they invest in with the 400mil. Sound like a big acquisition that think they can monetize.

See Q4,20 on their cashflow statement, what they buy and what kinda money they make.

Anyway, all the stuff that I say cheap to buy....it takes 1-2years to materialize.

U can go see my comment on frontken 2 years ago on their new investment.
U can go see my comment on DUFU 2 years ago on their prospect in value chain for HDD manufacturer.
Most recently, Visdynamic! Pang can testify how hardcore I like VIS. I closed my position there in Mac,19 and sailang in Armada. If I kept my position there. Can close book celebrate x'mas in Jan.

Who knows I can close my book in Armada by May this year. ehehhehe

OOMMGG, IDSS can't short after 4pm. They need to close their position within the final trading hour. I think most IDSS already closed their position by 4.30pm. The last dumping is abit sketchy.
Where got sorzai so nice let IDSS to be able to close their position...Maybe forced selling. I don't know.

Like I say, I don't know what's the circumstances.

If u can't control ur emotion, low u don't buy. High already only you buy. When price drop u sell.

Isn't that exactly the sorzai IDSS need to make money? Buy high from them and sell low to them?

Know what you buy. Buy already DON'T SELL. These cutloss b*llshit is very useful to manipulate lazy people to buy high sell low. If IDSS dare to short all the way down to 30 sen, U buy all the way down. Don't sell back to them. Make them buy back at higher price as long earnings and fundamentals are intact.

TAK1, How u count ICON's value? In terms of consolidation and RI, if 4 becomes 1 and later RI, most mar worth 12sen from book value. Why u go buy 24sen, 40sen, 60sen or as high as 95sen?

There is no merits or fundamentals to justify it's price. You wanna call that falling knife? Go ahead.

Armada is trading below it's book value at it's HIGHEST. Strengthening cashflow. And gonna trade at low PE. Tolong lah pakai cikit otak. Apa yg mahal you beli di Armada ini...

It's like you can buy a pre-owned rolex at 45K and u can also get a cheap deal for the same rolex at RM15K. We don't know the circumstances of the seller.

In this case, alot who sold thought they can buy lower. Meaning, those sold at 46.5sen would have saved 7sen if they manage to collect at 39sen tmr. Or 11.5sen if 35sen next week.

For people like me, if above 50sen, I won't buy anymore.
Risk for it to drop to 30sen losing 20sen does not justify potential earnings 25sen from 50sen to 75sen. But as price drops to 40sens, potential earnings of 35sen from 40sen to 75sen outweight the risk of losing 10sen dropping from 40sen to 30sen.

At 30sen, with annualised EPS 6sen, That's PE5, TOLONGLAH kalau PE5 mahal for a counter with improving PAT. There is nothing to buy in the market already. When Dayang, Carimin, PEnergy PAT improved, Price went up 2X. So, u know la when Armada PAT Q4,19 improved; Armada up 1X from current price enough. 70-80sen enough. Let other people to chase high.

Just learn when to control ur emotion and buy low when value emerged enough. No need learn to chase high.

I'm still relatively new to investment. Tried a few styles. Most profitable one is still finding value, buy at decent price and tan gu gu. Can sleep well, up also don't care. Down buy more.

What's value, strengthening cash flow and prospects.

IF you claim the falling knife is a result of recent contract termination that has material impact that HAVE NOT impair yet. I can agree. But ALL ALREADY IMPAIRED.

I can't agree on market madness as falling knife.

However, if it drop low enough, it's a good time to collect more.
Last time was 55sen buy in and TP 75sen, target profit 20sen.
Last week was 45sen buy in and TP 75sen, target profit 30sen.
Who knows next week is 35sen buy in and TP 75sen, target profit 40sen.

As long as target price and company earnings intact; no reason to sell below your target price.

Only reason is few idiots, sell and hope to buy back lower. Best of luck timing the entry.
For IDSS, although near term, unlikely that you will be caught in a rebound but don't get caught in a rebound.

For spinninglotus...Armada has already impaired in 2016.

Lai, help count 2016 impairment on FPSO is how much. How much is from Armada Claire?
And help count 2018 impairment on FPSO is how much. How much is from Armada Kraken?

It's already impaired in 2016. Material impact has already impaired in 2016 when WEJ terminate the contract. You know spinninglotus; u r saying shit already can shit the same shit again you know? That's how stupid you sounded. =D


30 June 2016
The Group has reviewed the carrying value of some vessels during the financial period YTD 2016 and has made an impairment charge of RM592.4 million for FPSO and OMS multipurpose construction vessels. The recoverable amount for these vessels of which an impairment charge was made during the financial period YTD 2016 was RM487.5 million, comprising RM473.0 million in the FPSO segment and RM14.5 million in the OMS segment.

30 Sep 2016
The Group has reviewed the carrying value of some vessels during the financial year 2016 and has made an impairment charge of RM1,738.0 million for certain FPSO and OMS vessels. The recoverable amount for these vessels of which an impairment charge was made during the financial year 2016 was RM1,988.8 million, comprising RM814.3 million in the FPSO segment and RM1,174.5 million in the OMS segment.

30 June 2018
Based on the assessment, an impairment charge of RM477.2 million and RM1.7 million for the Armada Kraken FPSO and Armada Gema respectively, has been recognised during the quarter. The impairment on Armada Kraken FPSO was based on the amendment agreement to the charter agreement signed on 27 August 2018 as disclosed in Note 12.

30 Sept 2018
Based on the assessment, an impairment charge of RM999.3 million for property, plant and equipment has been recognised during the year, at which RM477.2 million and RM522.1 million was changed for the Armada Kraken FPSO and certain OSV vessels respectively. The impairment assessment on Armada Kraken FPSO was carried out based on the amendment agreement to the charter agreement signed between AKPL, Enquest Heather Limited, Enquest ENS Limited and Nautical Petroleum Limited on 27 August 2018.

30 Dec 2018
Based on the assessment, an impairment charge of RM2,199.7 million for property, plant and equipment has been recognised during the year, of which RM1,613.2 million and RM586.5 million was charged for the Armada Kraken FPSO and certain OSV vessels respectively. The impairment assessment on Armada Kraken FPSO was carried out based on the amendment agreement to the charter agreement signed between AKPL, EnQuest Heather Limited, EnQuest ENS Limited and Nautical Petroleum Limited on 27 August 2018, and lower availability since final acceptance in September 2018.

see what IDSS do tmr

the last min drop is more like IDSS trap...if they short tmr at deeper price, they are very likely to get caught in a rebound....

This lotus guy got multiple account... up that time one account. Down that time another account.

Please short 40sen alvin

IDSS pls short.

Go check Sars and mers. Market actually went up higher 6 months after outbreak.

Better declare ground zero. Tmr i can keep 6 months.

I’m more sked it goes up than it goes down...

I bought quite abit at high, need to average down...gimme at 38sen...

Mikekim, no need explain...

I will prefer all the stupid sell. Only leave with investor that nvr sell until 80sen and above...

So, if u wanna short, short all the way down...don’t alang2

I wanna be 35 United. U chicken shit IDSS, faster short...

Lai lai lai...u dare to sell all the way down...

I dare to buy all the way down...

U guys faster pretend panic....

Shorties will get excited and short more...

I’m literally in the bank collecting bullet to start my war with them...