Confident it go down 30sen, u can make 10c by shorting. 41sen sell. 40sen sell

All the way to 30sen. Buy back below 30sen.

U guys not very confident it’s worth 22sen one mer?

U don’t short now, I will call u guys naked pussy the rest of ur life...

Faster short u balless shorties...

Why all suddenly becomes pussy?

Now short left and right, the price don’t want come down is it?

Short 40.5sen NOW! No balls is it?

Where are pussy i3 and spinninglotus. Where is johnchew...I need these naked boys!

That paktua very steady...I respect him...

Come short to 30sen. Got 10sen to make.

Niama. Load bullet don’t wanna short. Scared at?

Mana shorties? Where is my 38 sen and 35sen? come short la. No balls is it?

I wanna buy more...But these shorties no balls to sell.

Essentially, you are trying to say you will have a problem if u sold at 52sen and it went up to 75sen right?

Since u sold, you are here waiting collect before start singing different tune la. Now, u guys know who to believe la. U guys dumb dumb buy high from him and later sell back low to him so that he can tell you sorzai. The lesson is. Know what you buy. Buy liao keep. Then people like this pua kang tao lo.

Atleast investors here share facts and information and no need panic. But these people here will only money when there is a panic. No panic, no chance to make money. No chance to buy low.

Got up sure will come down, got down sure will go up. As long as EPS7.5sen intact, up up down down is normal la. I got sell, abit here and there... but I never sing different tune like some people here.

Eh, got sell from 50sen or not. Better stop at 40sen ya...

I have warned u shorties before. Now, I warn u again. Things that goes down, will eventually goes up. Especially when improved operating cash flow and efficiency.

Hope u don't get caught.

JOHNCHEW! I miss u when Armada hit 55sen from 30sen. Now, u re-appeared.

Hahahaa....

I will miss u again when it's 60sen. Nothing surprising. =D

Why not u answer simple question. Buying 1sen of earnings with 10sen is cheaper or buying 1 sen of earnings with 40sen is cheaper? Then u know who is the sorzai already.

And if got sorzai willing to pay 40sen in the market, is 10sen expensive or cheaper?

u so clever, keep selling ya. I say u clever if u can sell all the way down to 30sen. Cos, I will buy all the way down. Don't u dare stop selling when it's all the way up ya. Deal? =D

Don't come here be a typical "soh@i" that when price goes up, u say didn't sell. When drop say guinness time. Just like ur twin "soh@i" brother. When price goes up, say bought day low and sold day high.

You two dunno go learn this technique from which bomoh.
Both of you must be dreaming. Hahahahaha.

And you! What is it so difficult to understand most didn't buy because of Armada Claire. Most bought because of improving operational cash flow and improving efficiency.

FYE20 EPS7.5 PE10 at 75sen. Like how I have spotted DUFU at PE8. By PE15, I exited. And I don't care if it's PE40 now. That's for you to chase. But go PE40-PE60, I personally think u can dream on about that.

Trading counters with significantly increased market cap without improving revenue and earnings per share is an exercise of bigger fool theory. Only a bigger fool is gonna buy 1sen worth earnings at 40sen believing that somebody will buy from him at 45sen. If market willing to buy 1sen worth of profit with 40sen, what is it so ridiculous to buy 1sen worth of profit at 10sen? Only stupid buys at 40sen. If suddenly decided to sell at 6sen, then buy more la. That's better than buying at 40sen.

manglish or what, lies are lies.

I3lurker, I can talk to stupid in manglish manner. My points stands valid.

But the problem with a stupid is he has no point regardless if it’s manglish or queens language.

Spinninglotus, shit already can shit the same shit again. ahahhahahhaha

Armada immediately impaired Claire as junk in 2016. Already can be junk again?

Spinninglotus, can u give breakdown off 1.3Bil impairment on Q3, Dec 2016 AFTER contract termination?

Hmmmm? Can u explain that?

38 sen pls

Audaces Fortuna Iuvat

Those sold will come pok pek pok pek pray it doesn’t go up...

Cos, they don’t wanna look like stupid for selling low when it goes up...

Apanama, don’t miss the chance ya...

Buy on dip, buy on dip!

The dispute was if the auxiliary system should be part of QET. WEJ lawyer kept using that auxiliary system failure as excuse making as if Claire totally dysfunctional.

Does 5% auxiliary system dysfunctional fails the whole project? Does 5% of the auxiliary system failure fails the whole QET. Does the 5% auxiliary system part of QET.

The way WEJ argues is, yes. Armada’s is pretty shitty. That’s true.

Agreed spinninglotus...

Market has already withdrawn 19% from 55sen high.
Below 40sen is another 9% drop.

Okla, no need explain further...Spoils people and my plan to collect low.

TP 75 sen, anything below 50 can collect. And collect more if it drop 40c.

So, those wanna sell 45sen and buy back 40sen will face competition. Best of luck. Hope u guys will manage to collect low. Remember 7,5sen on PE 10. Is 75sen. PE 12 is 90sen.

Nomaikai, are you gonna be like typical a-hole that ignores the point that Claire met the production requirement before sail away? And what’s in dispute is Gomez refuse to include an Auxiliary equipment as part of the QET. Did u read that part? It’s an auxiliary system and with some changeover capability. Which I’m looking for if it’s was in initial tender spec even and if it’s should be part of initial QET test. WEJ die die claims it should be part of QET. Gomez says NO!

That’s like me contracting you to come renovate our bar. And we will profit share the bar once operational. In our clause, it writes “if there is ANY defect; It’s my right to terminate this contract”. Then suddenly, I terminate the contract because the tap u installed does not have “changeover” capability. That’s a breach. Nomaikai says...”whattt? I’m gonna sue you because I finished renovating the whole bar and you kick me off just because I installed the tap you don’t like? I’m gonna sue u for USD300mil for beer money that I “potentially” made.” So, Courts tell you f*ck off for now. The whole proceeding was about if its the correct tap and if its a breach contract if u installed a tap that i say I don’t like a breach of contract. technically yes, now case dismissed.

But nomaikai; what you have lost was “potential” income. But, that bar is still yours to keep. And best part was; the bar continues to open, u get to keep ALL THE PROFIT!

F*ck up big time my @ss. Claire met WEJ requirement on every phase and every test until the last phase. Even WEJ has to pay for the last invoice for the last phase. If Claire f*cked up so bad, how do u explain why WEJ has to pay until the last phase?

Armada abit too much la. Sueing WEJ on profit they have yet made. Technically, it’s not wrong to sue if it’s in agreement. But, c’mon la. Work hasn’t done. Money hasn’t made. Be fair abit la. But the judge did made a point; can sue. But not full 285mil. Profit haven’t make yet; where can count full? Half maybe la. Full amount cannot. Next will be, Armada say oklo. Cannot sue USD285mil but can sue USD165mil. Then Usd165 mil lo.

Don’t believe go read urself. Don’t mislead people.
If u think i made misleading comment, I’m more than happy to go para to para with u.

Buy on dip...buy on dip...

Later sell in to strength... nvr buy on dip, how to sell in high?

I'm not sure about "$275.8 million is the amount of the termination payment to which Armada Balnaves is entitled had the contract been terminated without breach".

Is that the amount that Apache/Woodside agreed to pay if they terminate the contract regardless of the circumstances or what?

If it's WEJ will pay Armada 275mil regardless of circumstances if the contract been terminated without breach...or maybe WEJ don't really have to pay if Armada delivered a 90% functional FPSO facilities which is a breach of contract. That's in dispute.

See what's the management comment next week.

This blunder is all on ONE guy. Gomez. I wonder if he is still a director in Armada.
If Gary is a no garbage CEO, if Gomez is still the executing director; he should be on top of Gary's blacklist to be fired.

Self confessed "cunning fox" in court material. If he didnt f*ck up on the Auxiliary System that failed QET that gives WEJ grounds to terminate the contract; the case will be straight forward. If the contract is worth USD 400mil until 2018 to Armada; Armada is entitle to profit that he has yet worked for. In the end of the day, it's not Armada that doesn't wanna work on the field. It's WEJ. But now, Armada has a Auxiliary System that failed QET; it becomes sticky. It's not WEJ conveniently terminated the contract; WEJ spent USD180+mil on a FPSO that "doesn't work". Armada Claire do meet production need; just one auxiliary system that suppose to pump waste water back to the well isn't working that requests leaked gas to be flamed out causing future "environmental" concern.

Again, don't park in Australia la. They care more for the penguins. Go park it as Brazil where people burns Amazon for fun. Armada Claire will be more profitable there. If Gary reads this; he will agree.

Nope. They don't and shouldn't. Technically, what woodside has not paid yet was the work that Armada has not yet done. They havent dig anything out from Balvenas field and there is nothing to dig out either.

Better take the Armada Claire and park it somewhere else. I will say it's blessing in disguise for Armada Claire. The charter rate goes by bpd. And Balvenas field is filled with more water than oil. It's gonna shit show operationally.

Back to my question, Armada Claire belongs to who? If it belong to Armada, it's a good news. WEJ has been paying for all the conversion work on Armada Claire. Imagine, people pays for renovation work for your bar and you get to be the boss and keep all the profits. If SA proceed, it's gonna be a split. Now if u can find new oilfield; u get to keep all the profits. It's not such a bad deal. I can understand why Australian Court dismissed Armada's demands for compensation.

I will hv issue if Bumi Armada paid for everything and WEJ refused the ship. But the truth is WEJ paid most of it and give it to Armada. Now, Armada claims for compensation on "hypothetical" loss of profit. If i'm Gary, I will park it in Brazil basin on discount tomorrow. Since WEJ paid half of it anyway, just quickly park somewhere and monetize it.

If I'm a judge, I won't pay Armada too. That's like someone else pays for the Ferrari together with you but you get to keep the Ferrari for yourself and later sues the person and pays for it. What logic is that?

I said what I have said, I don't care if it's 30sen next week. I didn't buy Bumi Armada for Claire compensation. I bought Bumi Armada for Annualised EPS 7.5sen on PE10 WITHOUT Claire. Not that Armada Claire contributed a penny to EPS 7.5sen.

I read the whole thing. Armada filing USD 275mil is profit that they have yet make.

IMO, u haven’t do the work, u cannot count future earnings as loss. If u consider WEJ position, they got conned by their consultant. Balnaves oilfield is more water field than oil field. Armada is contractor to convert the ship. Armada is paid by progress. And armada is supposed to be partner to dig oil from oilfield that has more water than oil. And WEJ used a performance issue on auxiliary as failing to meet QET and terminate the service contract on oil mining.

If u think armada pitiful, WEJ even more pitiful. Spend so much money on oilfield that has no oil. At least armada still get paid doing the work. WEJ get nothing. If not because of stupid pump issue, WEJ will lose even more.

Now better question to ask is, armada Claire belongs to who?

Anyway, Better focus on eps 7.5sen with PE10, 75sen.

ironman21, learn to see cash flow statement.

Sept,2019 Operating profit before changes in working capital = RM862,324,000
Jun,2019 Operating profit before changes in working capital = RM570,236 ,000
Total Operating Profit before changes in working capital for latest quarter was = RM292,088,000

Sept,2019 Operating profit after changes in working capital = RM498,024,000
Jun,2019 Operating profit after changes in working capital = RM387,627 ,000
Total Operating Profit after changes in working capital was = RM110,397,000


For any Kong Kam that still think it's running into cash issue; do some math! Current orderbook 18.5Bil or 500mil a quarter are able to sustain armada for 37 quarters for 9 years with about RM100mil cash generated after interest and tax is RM3.7Bil. Conservative evaluation without factoring improvement on OMS and OSV. Just pure current circumstances. Armada will be in business for next 5-9 years conservatively. I'm not suggesting you to hold for next 5 years. Just you know, ride on global Capex on OnG until end of 2020. It's a fools ventures to forecast earnings past 5 years. At least for OnG, the capex is favourable for next 3-5 years.

TL;DR: Company that need right issue are operational deficit company. Every one dollar in revenue hv to lose 20sen that type. RI is imminent. Operation alone, Armada is generating RM110mil a quarter. They are not operation deficit company. They make money one.

Today 2pm court decision...

If full compensation, NTA will go up to 77sen on Tuesday.

And if full compensation. Then, the bold will celebrate this years x'mas in January.

I still think market will sell down tmr morning...

Market is VERY risk adverse. They will prefer to jump back on when it's confirmed win.

Even if win half USD140mil instead of USD285 is a bad news to them...

So, this round of profit will favor the bold. If no compensation (unlikely), well, core operation doing 150mil on back of 500mil revenue. They could hv easily report less depreciation to increase PAT. But they are reporting quite alot tax evasion purposes I think. And only pay Tax when they profit from selling the asset.

Do u know what business u should buy i3lurker?

Sewage Management! =D
Everybody need to shit. And everybody have to pay for septic waste management. The population will only grow. So, please go but Ranhill, IWK and etc.

Con-lan-firm got business next 50-100 years.

Place ur bet...think bad judgement sell low, think good judgement buy low....tmr 12.30pm last place ur bet...

Meng Yew, Perth is GMT +8. So, it's the same time as Malaysia.

bad news, down 40 sen. Good news. NTA 57 sen jumps to NTA 77.

Happy betting.

Shieeeeettttttt....

Tomorrow limit up?

New low is good...buy on dip, buy on dip...

I say people buy 25sen made money. 35sen made money, now 45sens made 2 rounds of money. Waiting to make 3rd round.

going to 75sen isn't the straight line....

some people take profit. Some body jump on board.

U should ask between 25sen to 50sen. How many took profit at 30sen? How many jump on board 30sen? How many take profit at 40sen? how many jump on board at 40sen?

Why up that time come congrats left congrats right. Down that kaw beh kaw bu?

Up celebrate can take some profit by selling to strength...down that time celebrate got opportunity to buy low.

I also GTD 46 until end of next week

ehehehhe...all shorties know where and how to short..

later AK proves u wrong...he pumps into with his new fund with cheap interest.

Drop in interest will flood the market with fresh fund....

IDSS, run and hide. RUN n HIDE.

https://www.theedgemarkets.com/article/bnm-cuts-opr-275-preemptive-measure-secure-improving-growth-trajectory

I go queue 46sen....if can match awesome...