Damm...there are 2 kong kam contesting on who is the bigger kong kam...

Stockraider is right...a lot of losses aren’t monetary losses but accounting losses. A lot of the accounting losses aren’t not need to report also report. Purposely batter the price. Dunno how low they will bring it down before bringing it back up.

This is a counter with high risk, high return...trade wisely....

I wonder why nobody ever ask, “pang72, hv a look...”. Right, he is not only a liar but with no substance.

I shall review without prejudice. I will let guys know after I study on the recent QR.

see if the "key order" materialize...I will jump back in

Stop spamming already la InvestorKing. What's the purpose doing that?

Better use ur energy to wash toilet la if you are anxious about your investment. At least, the toilet gets cleaned.

IB writes for their own benefit.

For every story they tell, ask yourself the reason why the story is told and what else they are not telling.

Anyway, most of us does too. Except, macam talk cock sing song here will move the price.

The proof proof fella couldn’t accept that he is wrong and came back with more rubbish.

Two proof that proof proof fella is wrong.

1) securing refinancing. He was so sure no banks will help BA and he is wrong.
2) securing contract via JV. He was so sure that BA won’t hv job and he is wrong.

Here’s what we can do. He listed like 15 proof and we can start jotting how many that he is wrong.

By the time we checked the 15th item, maybe he should bury himself 15th under together with his lousy business analysis.

I dont know what else does the news proved. But it did PROVED the the proof proof fella wrong. Very WRONG.

What u mean by fundamental intact?

Check changes in inventories. Check Q3 and see Q4. Check Q4 and u know how’s Q1 gonna be.

I only collect after changes in fundamental.

Kita sama put huge buy queue at 0.215. To 0.22 to if the volume is huge enough, at least we can deter sharks to manipulate.

There are no investors here...mostly manipulators.

IK, so u worried for IDSS selling cheap shares to sharks? Gimme a break man.

U don’t like the price now.

Really stupid counter. Should hv sticked to my plans to sell and buy back.

Looks like it will slowly drop back to 0.2 despite fundamental has changed.

i think people that sell that buy at every retracement

Fund sure buyback...Risk no more mar....

See tmr CIMB analyst will TP back 70sen or not...

@emil, it means they can loan to take new project.

50sen in next 2QR okla. Reporting impairment is normal as long cash from operating continue to be positive.

Meaning they focus on core profitable business instead of paying to non-profitable asset.

Operating cash is increasing.

let's see what happens at 2.30pm...

Kuala Lumpur, 24 April 2019 - Malaysia-based international offshore energy
facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the
Group”) today announced the signing of documentation related to its corporate
debt refinancing.
The Group has refinanced its unsecured term loans of USD380 million
(approximately RM1,569 million) and revolving credit facilities of USD280
million (approximately RM1,156 million) into a single facility (“Facility
Agreement”) consisting of Tranche 1 facility of USD260 million (approximately
RM1,074 million), and Tranche 2 facility of USD400 million (approximately
RM1,651 million) (collectively the “Loans”). The Loans will be repayable over
two and five years respectively, from the closing date of the Facility Agreement.
The closing of the Facility Agreement is subject to the satisfaction of certain
conditions precedent which are procedural in nature.
Commenting on the refinancing, Mr. Leon Harland, Executive Director and
Chief Executive Officer of Bumi Armada said, “The refinancing of the short-term
corporate debt alleviates one of the Group’s main current exposures.
The new facility better aligns the corporate debt profile with the cash flow profile
of the Group’s main FPO business.
The Group must now focus on maximising its revenue while continuing to
manage its operational costs, as well as to find additional value via asset
monetisation or other structural improvements. As part of this, the OMS assets
together with certain FPO vessels which are idle will be disposed of assuming
commercially acceptable sale terms can be obtained. Surplus funds from
operations and part of the proceeds from certain strategic initiatives including
monetisation of assets and new project financing will be used to repay the
Loans.”

I nvr hear people who has money need to borrow money. I only know people with no money need to borrow money.

Unclelim can add very very...very everyday.
CT888 can ar really really...really everyday.

See how long the very and really ends up. =D

InvestorKing, how deep are you in this?

It's quite dumb to blame everything on manipulation. Manipulation can go 2 ways. One to your benefit by goreng it up to RM1 or like now, press it down to 0.20.

Key driver would be changes in BA's fundamental. When fundamentals has changed, there is NOTHING manipulators can do but to realize BA's value.

Try report EPS 5 sen and see. Manipulator can't do shit and you shall reap ur rewards.

Now, go research if impairment reversal is possible or when EPS 5 sen will materialize. That's more useful than pointing fingers at manipulator.

Uncle, ur stay tuned wanna last how long?

Until sun rise from the West is it?

Need more concrete result. Don’t know is this new CEO doing.

Or desperate move to move the price up abit to RI at better price?

Very useless statement. Cos, a person can very successful in believing Armada won't do very well. And he saved tonnes of money by staying aside. Alot here is more like, 看到都不相信. In your words, 失败人. Kitchen sink like shit and still buy? Then the 相信所以看到, can go both way. Believe that it will plunge further after not able to secure refinancing. Or believe that it will be restructured and price will recover. Both TP10 and TP30 can be very real and anyone can either be very 成功 or 失败. Is there any point you are making? =D

人有三种：
1. 成功人：相信所以看到
2. 普通人：看到才相信
3. 失败人：看到都不相信

by right, this plan is suppose to encourage management to bring BA to higher price. You know, exercise at 75 sen. current price then 85 sen. And push all the way to RM1.

But, didn't know the market wound tank the price so bad after kitchen sinking. ahahhaha
Now management might as well buy from the market if they are confident about the prospect. Lol

BA won't pay. BA allows it's management to purchase at cheaper price. Something like ESOS.

I thought they need to buy at 0.7543 which was 10% discount when BA was trading at 0.84 when it was proposed.

I don't know what I'm reading. Management Incentive Plan. Management buys at 0.7543 sen?


BUMI ARMADA BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities: No
Types of corporate proposal: Others
Details of corporate proposal: Management Incentive Plan
No. of shares issued under this corporate proposal: 2,736,867
Issue price per share ($$): Malaysian Ringgit (MYR) 0.7543

IK, ur shorties is either the minority of the transaction or exist in ur dream.

Why IK is so stressed up and punt every 15mins.

No pang, ur lies about ur fake profit.

I think I hv clarified it wasn’t TP.

Your FAKE profit. Not TP. FAKE PROFIT.

I find people that find pleasure in lies more pitiful...

I’m sure many will agree.

U gonna substantiate it or continue to LIE?

of luck

Not only not unable to speak the truth. But also derives pleasure from ppl's loss.
Hmmm...what a low life. But it's okay.

To make this low life even more happy, here's my total loss for my almost 500K shares. RM27.43K.
At least, I'm honest. And my conscience is clear.

Painful decision, but necessary. Few numbers in the report that I dislike.
Like I said, I should hv sold before QR out. Few number raise redflag last QR.
This QR has proven it. The numbers that I don't like is drop in changes in inventories, reduced of current asset.

And could be right on his TP30sen. I wouldn't touch Vis even if it's 25sen unless coming QR shows me figures that I like. Checking out guys. Best

P.S is still a liar.

Yes, net cash company. But I think revenue wont grow in near term.

Agreed. Cut loss n come back again.

what kind of operator? hardly 1000lots transacted.

Not that it will changes anything...hahahha

clicking refresh every 5 mins.

that buys by millions...no ordinary ikan bilis.

P.S. Ofcos, not verifiable statement. Like anybody else =D
P.P.S But IMO, his believability is alot higher if compared to others.

mikekim Bought more.

Betting on completion of US$500m debt restructuring, and reclassification of Kraken and Sukuk to LT Debt.

No more liquidity risk thereafter, focus on paring down debt with strong cash flow and deleverage over few years.

Targeting at least a 2x flip.
27/03/2019 3:52 PM

These non-cash impairment of mostly comes from liquidating asset by selling at loss. Not the same as operating loss.

3X at minimum for this entry price. Armada Claire compensation end of may and then re-deployment somewhere end of this year.

Need to communicate F2F to assess if management tells the truth.

Upload recordings here. Good idea.

if the sell pressure was high at 2.30pm then si kiao kiao ....
But it seems the buy pressure was higher...Good gua...

Let's hope those went AGM really buy in. Then, sui liao la. Bye Bye 50sen. See u at RM2.

Lai, those havent buy in buy in. Those bought in die die support 50sen