I don't mean to be a racist...Nigerian scam is called a Nigerian scam for a reason.

I hope people from Ghana are not trying to catch up with that reputation. Else, Yinson might break armada's record. Record in dropping in a day.

Robert Waters, you are assuming market is efficient. You could be VERY WRONG.

Basically, what could possibly happened here is simply market overvalued Carimin and Yinson.
And on the other hand, market has undervalued Armada.

Logically, speaking it makes more sense to short Overvalued counters than to short Undervalued counter. I wonder what kinda of "reasonable" input you can get from IDSS other than punting expired news? Are you still stuck in 2018 with them when armada was hit with a bunch of shit show? At this point, cleaning up the balance sheet and not getting into another shit show (1.3Billion) is a good plan so that Armada will be able to position themselves for many many many more billion in many years to come. That's just common sense.

It would make total sense to short Armada at 90 sen. Makes no sense at 20 sen.
It's a turnaround situation with recovery momentum. Which idiot comes and short in a counter trending upward? Research house making buy call? Followed by fund manager picking up?

Only those digging their own grave.

My honest opinion; short smtg else.

you guys go youtube Bumi FPSO...Armada Olombendo and Kraken are beast!

dammm, they really do serious engineering work not many people can do...

IDSS kena washed up liao...last min have to buy higher after short selling at 28.5...

IDSS has it's utility to press the price down for contra kaki to collect...

so IDSS sell 285, got buy back 275 or not?

Why my 28sen and 27sen can’t match? Dammit....who queue before me this morning?

Johnchew....who is the millionaire trader?

Faster ask him come...don’t miss the chance to make money...

mikekim Don’t fail to see the big picture. BA’s fundamentals have substantially improved and derisked, and the share price should be worth way more.

Profit takers and IDSS players may spring into action, take this opportunity to buy on any dips. After the share price consolidates for a while, the upwave will resume.

______________________

Chicken shit sell first...need new buyers that don't sell low....leaving EPF or other fund manager no choice to buy high.

good...chicken shit can sell...need new buyer....

New buyer buys at 30sen, wouldn't sell until 35sen.
35 sen buyer wouldn't sell until 40sen...
40 sen buyer wouldn't sell until 45 sen...
45 sen buyer wouldn't sell until 50 sen...

chicken shit wouldn't buy back...bcos if they sell at 30sen, why buy back at 50 sen?
That's major the mentality.

Shorties burn and die...now panicking and keep shorting to cover earlier position...muahahaha

but if closes red...IDSS laugh to the bank...

short short short....everybody....

this shpok4574....i hope u r not a IDSS...u gonna get urself bludgeon if price continue to go up and u can't cover ur position...

Then ckca, which counter wont? Kodak also banktrupt. Nokia also bankrupt....U got got see fujifilm bankrupt or not? U got see Samsung or Apple bankrupt or not?

U also know different business right? Sohai also know.
But for some sohai reason, you don't wanna compare apple to apple. Die die wanna say armada is perisai....Dunno if u can't differentiate or can't read...

CEO is Gary Christensen...siapa boss also u don’t know...say what facts?

IDSS can target armada, market can target IDSS. Just don't sell back.

and if price drops, buy more. Queue, jgn tak queue. Everyday we queue low to compete with IDSS.
No mercyyyyy!

MonkeyJ, I can't find anything. Please copy and paste the "claimed" earlier post and which page of 2nd QR?

Sounds like MonkeyJ creates fake reality with his monkey brain to scare himself...

Armada pays 30% of 528mil finance cost?

Anyway, where u get that the finance cost is RM528mil?

Not recycling news to promote...but to point out that analysis pearlwhite did was most PROVEN wrong again...

MonkeyJ, how much is total of the 528mil finance cost armada need to pay and for how long?

That’s how a-hole writes stuff.

Pearlwhite@proof proof guy...

Forgot to highlight that u proved urself wrong again...who say armada can’t won’t contract? U gonna say “sorry, I’m again” like always.

https://themalaysianreserve.com/2019/05/07/bumi-armada-jv-wins-rm8-8b-contract-from-indias-ongc/

Don’t talk like IDSS knows more. They don’t.

The truth is they are abit more dishonest. IDSS want to sell to you high and buy back low. Only them hv such intention. They don’t even hv to stake a penny in this process unlike other investors.

Hanggg themmm by not selling back. Other investor that has cash set buy queue so that they can’t cover their position! Without short seller and weaknholder, only then price can move.

What if I sell now, and nvr get to buy back cheaper? U go shares to transfer to me?

I recommend IDSS stays out...things are turning around...upside rewards is a lot better than downside risk...

Who do u short sell to if u keep telling people not to buy? I find that it’s quite a stupid statement.

That’s not altruistic IDSS, it’s stupid IDSS.

At least promoter wanna sell high and can hope next buyer sells higher. IDSS only wanna sell high and hope market sells back to them low and absorb the loss.

This is the part I find it dishonest and nasty.

But we can hang the IDSS by buying all their shit and not sell back to them...we can hang them high and dry. If wanna sell, sell back the same price they short. They will pay the bank for nothing.

If u contra, and if u hv the cash, take it up...don’t blindly benefit them...

So pity those IDSS, hv to recycle 2018 news to scare people...when 2020 price up to 40sen, still hv to recycle 2018 news...

Then short all the way to 40sen, only realise how deep they are buried.

When I read his profile...he is kinda old...wondering if he has the energy to turn things around...

Now, no doubt anymore. Go all the way to kraken. Monkeys also make sure everything works ok...I think he fired a lot monkey at the same time...this guy scary...

If bring price back 50-60, I buy Eu ayam Sang hamper for him next agm. So, that it goes back up to 75sen to RM1 next...

Given Gary don’t passed away replaced with Leon. If Leon comes back, I will sell.

I didn’t buy when he was around.

See cash flow statement, cash from operation is 650mil per quarter! After deducting interest, 400mil. 10 quarters is 4bil. 20quarter, 5 years...8bil...7.5 years debts are settled together with interest...

Glad that someone collect...waiting for my facilities ready...I help ramp up buy queue....if dapat good, dont hv nvm...I hv enough...

Half sen can cover ur transaction fees? I cut!

U go collect ur cheap water face got la...

Only come here talk 3 talk 4 after good QR...isn’t it obvious u shorted at 23-24sen desperately to cover ur lose? Puiii...

Buy queue are as strong as sell queue...

IDSS fear monger here to reduce buy queue. So that when contra player forced selling, will easily bring the price down by selling at any price. The buy queue too strong, contra dumps everything also easily absorb by buy queue. IDSS will get into deep shit...

If market queue gao gao at 25sen, to absorb all that IDSS and contra throw at them, the price will hv no choice but to go up...

Ckca, u buy back now, u lose ur 25sen...keep ur 26.5 sen... later, PNB officers get approval and sapu in the evening, u buy back at higher price tmr...

Since he admits, time to say....”hangggggg himmmmmm! Send IDSS to the gallow!”

They will desperately recycle outdated 2017/2018 or false news to save themselves...

Later EPF sapu, PNB sapu...

U see ckca in news paper hanging from the fan...=D

Stock raider, that cannot la...of asset 20sen can make RM1...enquest will build his own FPSO liao, no need charter from armada...

Ckca, This one cannot just see PnL...see cash flow statement...if cash flow can generate 1bill operating activities, itu 12billion debts chicken feed...I see u die die dowan see Cash Flow statement ya...if see income statement, armada okok only...see cash flow statement...

6 quarters ago, under useless CEO, Leon...you are right, that happened...now, under new CEO Gary, thing is turning around...

Things has changed to increased generated cash flow, increase bank repayment, increased profit...for straight 2 quarters under Gary. We are entered Q4,19, not Q1,17...if u short Q1,17...u would hv made tones of money...I hope u do, but now is not the time...wait for opportune moment, short Yinson.

Contra player see good result, use money to buy and keep them...ur contra player dump plan goes down the drain...

In this game, u buy RM1 asset to make RM1.2. All u care about is the 20sen. What happens to RM1 asset at the end don’t matter. Sell scrap metal is a bonus.

Can understand?

armada half billion revenue and 20bil orderbook is ALOT better than perisai...

Perisai don’t hv half billion revenue and 20bil steady orderbook... pls be fair, don’t sohai...

U make noise after u short at 23-24 sen...such a big chunk that u try to cover ur position by shorting 26.5....

I dare to buy all the way down to 17 sen....c u dare to short all the way to 40sen or not...

And to keep Yinson appearing profitable, they NEVER declare any depreciation...

Armada depreciation exaggerated depreciation is quite crazy...but it’s not as crazy as Yinson asset that never depreciate...if u put half of armadas depreciation, Yinson will go into red. Some reason, find manager failed to notice that...

Ckca, U go see cash flow statement, 1H already paid 700mil la...what cannot pay?

Ckca, u say asset will depreciate...armada exaggerate on its depreciation...at the rate of armada depreciating it’s asset, it will be gone in 12 years. That’s ur claim. Good, contract signed 25years. Remaining 13 operating on what? RoA goes infinity...

u got see Yinson declare any depreciation? If u say cook the book, Yinson pretty good at it...Yinson is half of armadas revenue and half its debt. Revenue/debt ratio is operating at about the same for both company. Price differs too much...either Yinson has to come down or armada goes up...

EPF buys more, ckca little bro down there gonna hv cold sweat...

Monkeyj is with monkey brain...can’t understand human language...dunno look at date...still read 2018 report...sighhhh

Else, why do u think price came down so low for u to collect? getting the certificate is just matter of time...just make sure u don’t short when they do....

Cos, u will only left with debts excuse...once short term loan converted to long term from final acceptance, debt excuse also gone... short summore sure eat shit...