The revenue are at its all time high and that’s not a bluff. But market refuse to realize its value has nothing to do with Mgmt.

The QR is there. Prospectus is there. Even if they mgmt do PC on every penny they make wouldn’t make a difference if everyone associate OnG poor performer in market price with Sapura.

See Sapura...compare the salary and income statement...

lead by who? Mat Salleh at least do smtg and claim what they deserve. Some people do nothing and yet got the cheek to ask even more.

Anyway pang,if u so desperate wanna be “cun”. Why not say tmr 7am, sun will rise from the East. U will be right 365 times a year. And go wank urself as much as u like about it.

P.S. I’m just writing for public entertainment. Don’t take me too seriously. =D

Here’s my estimate. Something abit more useful. The revenue should be around 13-15 mil last quarter.

I will share details later. If sentiment is as bad. I guess nothing will happen.

Well, when the price goes up to 1.3, it will turn to big win.

That’s how i won in Dufu...entered at 1.3, drops to 1.0, bought even more. But monkeys come punting saying lao sai and shit. When it rocket all the way to 2.8. Monkeys no where to be found. I believe u were one of them. That’s why I can’t stop rubbing into u.

It’s equally pointless to based ur argument on hindsight. Even more pointless to for u to share ur “record” considering u amount lies u spew.

Nicholasming91, I had good times with VIS. I still remember the first time I buy in after QR in 2017. Last closed was 76sen, I keyed in 72sen, opened at 68sen and plunged to 65sen. It was a good QR. Subsequently, it shot up to RM1.25 or somewhere there within few months.

I make my investment based on Quarter Report. Not what pang says or DJIA performed. But what they can do for me, is creates panic selling for better buy in or better exit price for promoting. So, people that's both fear mongering and promoting has its role to play.

Besides, if u understands how market works. You should know that the opportunity lies at market's inefficiency in determining the true value. So, i'm not angry at anybody. They hv their role to play to keep things interesting.

Have a nice weekend everyone.

Now Pang is getting all railed up because people are more incline to listen to RJ than Pang.

Here's the reason. If wanna talk from hindsight; put a blardy parrot. It can pretty much do the same job. As for punting, it's just like how RJ has been asking pang, why 54 sen? why 54sen won't get stuck? And now, why 40sen and why 40sen won't get stucked? If you are willing to scroll all the way back, U will be stucked in every level that pang recommended. And if he actually does that he says, anyone with a blardy brain knows 200% is a lie. It's either the buy is the lie or the gain is the lie. Common sense would hv expose that.

It's not pang is stupid or what. Any traders that's aiming short term gain is gonna get burned in a correction or entering recession. Like I said, sentiment is bad. You buy at 30sen, u CL at 25sen. Just because you don't hv holding power. In this environment, you CL 50 times, u really pokai liao. You don't have much cash, even less shares on top of little opportunity to make a good bet. To make things worse, you go margin. Nobody can save you liao. I strongly recommends traders to take a break and go holiday.

Here's a few things you can learn from response in I3. Pain of being wrong is bad. So, bad that they will lie about XYZ% gain they made. Instead of being honest about it, they lie about it. I hope they realize how useless that is.

like I say, wait DJIA goes sideways and after Q1,19 shows sustainability only come back KLSE do some shopping. This is the effect of trade war materialising for the first time. Q4, is gonna be ugly. After Q1, 19, see which company adapts to the threat only buy.

Pang, if u make money. Better go holiday.
If u lose money, also go holiday. Double up ur bet is gonna make ur situation worse.

And this is directed to Pang and his alike.

Happy holiday everybody!

I don’t need people to come support the price la. That’s pathetic.

I more scared that the North Asia customers are bad paymaster. Then, really jiak sai liao...

U the one that say won’t stuck at 54sen. Not me also. I asked what makes u think u won’t get stuck at 54sen. Thank god u not stupid enough to buy on ur own stupidity. =D

RM1 is not impossible. Need EPS 6. By the time it hit EPS 10, it will join Penta liao. But when is another question. Time is not a luxury traders has unlike investor.

Genuine advise, u buy ANYTHING that pang say won’t get stuck during this period, u will. And very likely he lies about it. 300 counter in the red. If you buy accordingg to Pang yesterday, u r wrong 3/4 of it.

I still hold about 200k shares avg at 45sen I bought since Mac. Wait, It drop below 45sen and u can come rub it in. =D

But I sold the last 100lot I say I bought at 59 and 54sen. At a price when somebody said somebody make some handsome return. At 300k share in a single counter, exposure is too big dy for small fish like me.

A sincere advise, really stay out for now. Not even 50sen. U look at DJIA QR is bad man. Better wait another 2 QR and search for true value counter that survives current economy condition.

U come insult me. I go insult u. Won’t do us any good. Better we do research, and see what biz is still doing well fundamentally.

Don’t rush in quick bucks. U know, traders normally lose in this condition. Keep CL, CL, and CL. Better don’t trade la.

The pain of losing makes people irrational. That’s why people in Genting goes suicidal. When u lose, u double up ur bet. In current sentiment, there is no difference from gambling in genting.

Even me myself hv to make a point, don’t react irrationally. Just stay in bed and chill.
My expectation to vis is simple. EPS6 with PE 15. 90sen. I don’t know when it will come. But I’m willing to wait.

Q4 is gonna be pretty damm ugly. Hv to wait Q1, 2019 if anything gets better.

Again, don’t rush. It’s better to enter when sentiment gets better and QR comes out to be positive.

In this sentiment, even vis has a phenomenal QR, market will sceptically move up abit. Only then consider to join also not too late. Anything in between is temporary.

Market going into reversal. Dunno where is bottom yet.

Again, u can join pang at 50sen and CL at 0.45 by next Friday.

If market really go into full reversal, we looking at Dow Jones plunge to 16000pts. Buy anything now got a lot CL to do.

Anyway, I mean no harm. Just teasing Pang. I hope he doesn’t recklessly buy at 50sen

U mean “Join Pang at 54sen and CL 0.50”?

Only cun part is CL at 50sen is it? =D

No need next week...CL today...

How many stuck at 54sen...what? Pang didn’t buy at 54sen ar? Caught lying again.

*shakehead

lai lai lai punters, join pang stuck 54sen. and CL at 50 sen. Apparently, "support" has broken again next week. Market is going reversal. Buy anything now and u hv alot CL to do. Not just VIS.

Current situation with Iran sanctions and problem with Saudi. Not easy to push the price down.

Even if trump is unhappy, he needs time and money to restart his shale oil.

No he can’t. Just because he was lucky once, he thought he is god of 4D.

Maybe he is right. 50 years later when everything are powered by green technology. Armada will seriously need RI and they will be very deep in the red. Kraken probably decommission by then and mikekim would enjoying his millions after selling armada at RM3 in about 8 years from now.

And he will come back necromance he was right. Why not set a time just to prove how dumb/great he is.

Then u wont stuck at 54sen? =D

It will rebound when Armada restructures its debt and materialized Woodside claims.
Report good profit for consecutive 4 QR.

This counter really feels like they are holding back and depress the price to win BIG. Like real big.
Purposely hv poor investor relation to keep everyone in the dark while they collect.

i will only move after market has fully digest the budget and looking forward to next QR.

Until then, it's the institution squeeze weak holder for collection.

Don't take any project. Load up pocket first. Focus on collecting impairment from Woodside and re-deployment of Armada Claire. Those are low hanging fruit that will make the balance sheet look awesome.

Why? U wanna stuck at 54sen? =D

During a selldown, u should be asking who is selling and who is buying. U should be more worried if there are a lot of seller but no buyer. Not like this.

MengYew, if u r Institution, u pulling a selldown down move. Do u buy with ur primary account? U only push it up using primary to convince the public the worse is over. U wait 9 -12 months. Tide starts to change, then both institutin buying and FM buying now will laugh to the bank.

Then idiot like superbull, will either sing different tune or MIA. 9-12 months, I bet he will.

P.S. btw, if u want example of real paria not able to handle any intellectual discourse, look at how monkey superbull retort.

Who say epf sell at loss? They sell to buy more from idiots...

So, superbull is either stupid or working with them to collect more. I hope the latter.

Only time anybody says runnn or sell is because he wants to buy.

Who? No volume got la.

As it drops further, the risk gets less.

Jom! Lets go AGM. All our shares add up got how many %?

They Fking unhappy that they issue public circular to people to vote the CEO out. And the CEO used dirty trick to stay in his position. Is it the same as Armada.

The answer is obvious.

U r talking about futures. When interest goes up, commodities drop. Not just oil.

Armada was profitable when it was USD 40. Can u telll me how much is Brent crude now? Now fed increase interest could drop oil price below USD70.

Geezzz, some people here don’t seem to hv any memory of anything. Eh, u fella remember who is ur Daddy’s name ar?

Do you know what's upside rewards limited, downside risk is huge ka? Imagine u buy any of what u have suggest and shit like Armada happens to them, you have more to lose. Value emerges when shit hit the fan for a counter and the market oversold it below what's it's worth. I do not disagree Velesto and Sapura are shit. Don't equate a company that has positive core operating profit with those report 6 straight core operating loses despite oil price rebounded to USD80 per barrel.

Construction and property; I will look into them when Gov reduce deficit and GDP growth equals 2009 to 2010 from -5% to +10%. Property boom from 2010 - 2014. Now, GDP is heading south. Gov expenditure reduced. That's mean less money in circulation. Revenue gonna come from where? Your ass ar? If domestic goods price don't come down with SST, consumer counters will suffer too. Don't forget there is no more BRIM. Atleast last gov give BRIM twice a year. Consumer sector can report 2 good quarter. Now, how? Money gonna come from where? You ass ar?

Better eye those export company that still got margin with clear revenue visibility. That's the only way to sit through this shit storm.

When oil price above USD100, alot of whatever other business gonna suffer.

You hide which corner also die. Ur teh tarik increase from RM2.00 to RM2.50. Apparently, sugar price increase because delivery lorry charge more. Else, why the hell do you think Trump's grumbling?

Well, when the profit from USD100 per barrel starts to trickle down...Then u know which sector owns 2019.

superbull11, all ur construction and property will go down the drain. Project cancellation and reduced GDP. Gov no money, people no money. Who the hell is gonna buy anything there?

It's OnG upcycle end of 2018 and shoot the sky throughout 2019 riding on Iran sanction and Saudi reducing output because they are running out of oil.

bring up after selling? That's weird. How much holdings do they still hv?

same here...other sector don't look attractive to me...maybe I will look into construction and property 2-3 years later

Expansion of IOT = increase in demand of microchip = increase demand of microchip production machine = increase demand of microchip inspection machine = increase in order for VIS product which is inspection machine.

I guess that’s the closest picture

Venfx, all the counters you mentioned are exactly like armada in its prime once upon a time. See where armada now, I don't think I wanna touch them.

Panda, are you saying biz value is intangible with management team?

I can agree biz value is intangible with market value. That's where opportunity and threat lies.

But I can't agree biz value is intangible to the management team. If management f up. There is nothing left when QR report negative cash flow and defaulting on their debts. Not to mention what's left of market value. Hence, it's crucial to know what's the management is doing and competent enough to keep Armada profitable.

So, why do you buy armada?

Stamp duty is how much? But to construct a house below RM500K reduce margin by how much got count? And saving of stamp duty on RM500K house is just 8-10K only, that's about 2% saving to developer as they normal absorb the stamp duty. To make additional 100K, they have to sell 1000 houses. How does that push price up by 30%? Feels like magic mathematics going on there.

But if they can sell 1000 houses, it's not the revenue of RM100K that pushes the price by 30%, it's the 1000 houses they sold. I don't see people have the buying power now, so, I don't see how reduction stamp duty benefits the buyer nor improves their buying power.

There is no point calling the CFO, even if he lied, what can u do?

Or right issue where mgmt doesn’t give a damm about diluting share holders interest

And pursuing collections from customers. And let's not forget penalty from Woodside.

No Panda, market value is a step behind business value. EPS is EPS. Market may or may factor in the future business value until it is materialised.

The real opportunity is accurate valuation of the business value and reaps rewards when it materialised.

My valuation on 15% of 700mil revenue is quite something. RM 1 billion in retained earning in 7 quarters. Better don’t take any silly project and lose more money.

Sapura right issue is common sense. U pick any counter that deep into the red and predict they will do right issue, u will be correct most of the time. What so clever about that?

Shitty management, income statement is in the red. negative CORE operating profit.

Better declare bankruptcy than right issue.
I wonder who will buy the right issue.

ho say it’s lemon? Ur monkey brain ar Or the retarded group of “we”?

How r u gonna explain growth of revenue from 250 mil low to its 700mil a quarter? In 3 years?

Leon Harland only charged a fraction of Sapura CEO did despite the tremendous growth.

Now let say you have RM500K house, and you only make RM5K month. Should we all call u a bankrupt because you need 15 years to pay off the loan?

No, that's the whole point of financing the house with 30 years tenure. You pay monthly RM2K for next 30 years while u enjoy the balance 3K & capital appreciation.

Now tell me other than those OnG and emerges after the oil slump; which one has not depreciated more that 50%? If u take Sapura as comparison, RM5 at it's peak to 30 sen...and the difference is Armada CORE operating cashflow is POSITIVE. The impairment is not something that happens Quarterly. But their positive operating cash flow is. It only happens when they itchy hand go take difficult project and not able to deliver it.

So, DON'T EXPAND and get slapped with more impairment ESPECIALLY you don't have the cash in pocket. Reduce your operating expenses, starts marketing the OSV and increases their utilization. Fill the pocket up first. I hope Leon Harland reads this.

Please la! shutdown of zabazaba oil field means ALL OnG service providers are affected la.

Why this idiot talk like ZabaZaba shutdown only affects Armada or Armada caused it. Why? Why?

And what type of LIES is that saying Kraken will not be accepted when there is a fking acceptance certificates there?

http://www.theedgemarkets.com/article/bumi-armadas-fpso-issued-final-acceptance-cert

Now, pearlwhite, admit that you are a liar or swallow ur words back.

Personally, I prefer Armada to not take any project for next 8 QR. Focus on reducing operating expense and improves its cash position. When cash position is strong, ability to loan is better. Just take a break for 2 years. Let the cash rolls in for next 6-8 QR.