Eps 9, if announce 5sen dividend, terus tuju langit.

Lanjiaolang please sell low low k? So that people can buy low k? Don’t forget buy high too so that people can make money...thanks !

judging by volume? How do you judge by volume? It only means there are equivalent interest of selling and buying. That only means equivalent amount of people think that Armada is overvalue and undervalue. To mean, that means nothing.

That’s a million dollar question...if that’s how u trade, then really need a lot of luck...

@pearlwhite, that’s a bunch of allegations. Just two things I’m interested to know. 1) How did BA reduce its debts in short time and 2) is there anyway BA revenue RM600 mil are artificially grown out of air. If so, how?

Personally, when I read editors from business time talk crap about a counter. I do little study and buy. When talk about great prospect and stuff, wait a week or two, it’s a good time to sell. That’s the intention of editors anyway. They are paid to do so. The most epic one is Talk shit two weeks ago and later talk how wind has change.

Anyway, financial statement I have posted. Highlight the numbers that you think it’s manipulated and rationalise from there rather than referencing to “editors”.

Bcos May May sold low lo.

For buy low and sell high to work, they need people to buy high and sell low.

@Firehawk, I too believe that oil price is volatile. And so, when market misplaced armada price to 0.51, I manage to load at 0.56. Locked my profit at 0.76.

Then, I went into steel sector as I see the 5% import duty is working. Who the f*ck can predict Donald Trump stinking mouth would start a trade war and impose 20% import duty on steel? All my profit returned to the market with abit of loss. I think it’s better to stick to domestic goods like eggs. Import duty, no duty. Got trade war, no trade war. Change gov or no change gov. Business go on as usual. =D

During difficult times, u will eventually forced into two option. 1) One is to surrender to fate or 2) is to take charge of ur destiny. Armada is taking charge of it’s destiny have been investing heavily on asset. Based on FY17 result, it’s operating at better efficiency. Probably better equipment and tech. Armada could hv start selling its property and cancelling projects like woodside and face series of litigation cost. Selling asset to pay litigations is dumbest thing to do. Smarter thing to do is take loan and start buying assets from those who has not guts to weather the storm. I’m excited to find out if cumulative revenue for FY2018 can hit RM3billion. If it does, armada hv 9 more years of profit to make from RM26.2B orderbook. And I hope they all cancel the order and pay Armada compensation without needing armada to do anything.

Now, Armada Claire construction cost isn’t in debts and Woodside liable to pay Armada RM1billion.

If armada is dumb enough to sell Armada Claire at great bargain and guarantees profitability with oil price over USD45, I might consider to lobby few investor to buy it down ourselves. Every barrel pumps USD1 to my pocket. Not too bad mar.

@firehawk, understands human's intention and motivation. I wouldn't be bothered to do anything if it doesn't benefits me. Assuming pearlwhite is a BOD holding a large chunk of the share, there is only ONE motivation for him to do what he did. Maybe he does believes I3 are dominated by easily manipulated idiots. Well, that's a pathetic move.

Let start with substantiated discussion.
Refer to this link:

https://drive.google.com/file/d/1ueoenLdpE7hyMJf45Ks1IC9y3E3Db_On/view?usp=sharing

I have highlighted in red what I like about it.
Point 1: Total borrowing swelled from 4 billion in 2013 to as high as 13billion in 2016 before reduced to 11bil in 2017. Armada reduced their total borrowing of 2 billion in one year.
Point 2 : Armada did that with USD55 per barrel crude price in 2017. Let say this year maintains at USD65 per barrel through out 2018. That's a 15% increase.
Point 3: Cumulative Operating Profit increased from a lost of 100mil in 2015 to 758mil in 2017. Mind you cumulative operating Profit was 543mil in 2013 and 372mil in 2014. Mind you revenue back then was 2.bil and 2.4bil, operating at 20% drop to 15.5% gross margin. Profit margin about the same since finance cost was low. Anyway, price begin to plunge.
Point 4: As of 2017, cumulative revenue was 2.4bil and 758mil profit. Operating at 31% gross margin and 15.6% profit margin It's better than 2013 when it was still trading above RM2. It's just 15% from the gross margin was used to pay finance cost and etc etc making profit margin to be 15.6%.
Point 5: Armada have been aggressively investing in asset in 2015 and 2016 and sure enough the revenue starts to flow in 2017. This indicates that during difficult times, Armada took the initiative to make investment for it's survival ability. And it's profitable now. USD per barrel averages at USD55 in 2017. And it averages USD65 now. That's 18% increase of oil price. I do not know how does it translates to increase in revenue to armada.

I have shared the document in google drive. I welcome anybody to amend it by highlighting in different colors on number that you don't like or disagree with me for substantiated discussion instead of pull figures out of the fart and kick the fuss about it that it stink.

It’s pretty flawed. Especially the part where he uses construction evaluation tools analogously to assess OnG services company.

And concluding company is going pokai, simply by dividing debts/(orderbook x margin). *shake-head

Following pearlwhite evaluation method, I definitely pokai first. RM15k income taking 3 mil loan. But, insolvency haven’t come calling me yet because my income is still above net expense + finance cost. Net profit put into fixed deposit generates 8% return. Stretch across whole tenure 30 years. I think with the borrowing, I can generate more wealth.

What interest me is How armada grew its debt in 2016 to almost double and shrink it back in 2017. And if they pull the same trick again 2018. That will be interesting.

Pearlwhite, I don’t believe something for nothing. What’s ur interest in such elaborated study on armada?

Q3 result was 2.11, annualized 8.44. Previously, undervalue. PE8.7 times. Super undervalue.

But I don't think that's how u count PE by selecting EPS you like. Lol. =P

Technical signal? This is no ordinary bad quarter result report...Since when Technical has any data on Post GE farked up? Care to share any?

If really wanna buy, then don’t say things like going in at x.xx price...

Just say also don’t want c...then u guys will get another limit down...

Even if the fundamentals are intact, orderbook might stay the same...

It's easier for this counter to limit down, than limit up. What's the hurry to buy in?
Wait all the non-believers and weak holder completely sell off first only buy...So what if you buy at a premium 10% of it's bottom later. At least you don't risk losing from another limit down.

Beside if you are so confident, so what if it undergoes another 10 limit down; it will go back to it's glory days if the contracts stays. The question is, is the contracts are GKent to keep. And if it's gonna lose, how much of the orderbook?

Who buy who buy? Why such movement?

Still here...no worries...

silap2 Boomerang also busy buying at 30c to 33c. Both of u in cahoot to goreng the price up and down. 30c to 40 is good 30% return.

Well, i'm investing in a business. And I see their product and services is gaining traction.

That few botak in the board. They don't look like AK or KYY. Should be ok la.

Anyway, if they are staging a slaughter, this counter has capability to give 2-3X return. Just have to do some time period analysis.

Same to u brah.

as long as they pay 3sen a quarter average, the company will hv given me about 12% return on my money on top of opportunity for capital growth..

When finance cost creeps in and PN17. You get another 30-40% discount.

shareinvestment7, how you come to the number above 20c is over value?
If 20c, market valuation of RM34mil, the revenue for VIS last quarter alone is RM32 mil, profit of RM7mil. Operating at 22% profit margin.PE 5 for a tech stock. Point me a tech stock at PE 5. I wanna sapu all of that too. Thank you.

If u like to buy things at its NTA or below NTA, go to steel counters. All of them on fire sale. Now between 30-40% discount. By the time the effect Trump import duty sets in, you get another 30-40% discount. Good buy. Strongly recommended. =D

U guys are crazy man...One year QR come out 4 times....No one really know what's really going on in company in this period...

Day to day price movement is a bunch of edgy people buy and sell...

I didn't notice Good Friday is Public Holiday for Sabah & Sarawak only...my bad

Kimak...why announce dividend the day before PH?

So, that they can tapao sui sui for themselves or what?

Managed to collect abit at 1.05...

Who wants to sell bellow RM1.05...I sailing semua 10q

The reason for the plunge is that with the import tariff in US will flood the global market with supplies. And these excess supplies might sips into our local market despite our barrier setup by MITI to protect our local industries. Now, it's a matter if global price could go lower despite import price imposed by MITI. If it does, that might hurt the revenue of our local industries.

How far the impact of supply flooding would affect us isn't something we have foresight.
What i'm betting on is they keep their revenue and profit margin. Things should be alright.

Anyone knows where did the other operating expenses went to?

Buy more To average down lo...

Won’t be big ass gain unlike turnaround company la.

Normally, syndicate tend to position some counters as turn around company to set market for slaughter.

I normally stay away from company with high PE without solid financial restructuring or if restructuring is successful.

Above expectation when market is trading above sector PE. Before QR out already Trading below PE. After QR out, it’s trading even lower PE.

Which part of above scenario indicates high expectation le? If Market trade LEONFB at PE 20, then I agree expectation is crazy high. But PE 5? U probably need to grow a brain to say it’s expensive.

Feels like somebody’s disciples are trying to cash out. Lol!

@calvintaneng, you so confident with you assessment. Go take RM1Billion loan turn it into RM5Billion then repay the loan. With RM4 billion balance, Do this 5 times a year, you make RM20 billion out of nothing. You probably laugh at Jack Ma why he needs 15 years to be where he is now.

I think you train a parrot, it probably can do the same.
Tell me, who can't read from hindsight? *shakehead

i think the prospectus.

Comparing to 2015 and 2017 performance, Income Statement, Balance Sheet and Cash flow statement; In all metric, it's operating at 3-4X better. I lazy to compare all the way back to 2013. Inventories and trade receivables are still high. It's gonna be lousy quarter only if the CFO gives crazy ass long credit term or write off.

For moneykj's statement, he has a point on buying some counters with high PE especially asfter successful restructuring and going in to reversal. Super high PE when the business is going through transition from loss making to profit. But the irony is, wouldn't 2013-2014 massacre fits exactly like what he suggested of buying at high PE. It looked like it's going into profit from losses, and for some reason, people chased from 0.10 without 0.50 with the company not making money. The difference now is it's has been profitable for past 12 quarters with 3-4X it's revenue, earnings, and cash equivalents if compared to 2015.

Based on IRIS quarter, they didn't make major move last few quarters. I don't think there will be lotsa changes to IRIS financial status. Unless, moneykj staging another slaughter, I'm all in. =D

For lbtan83, now having a loss of 33% only puke bile. if the price went back up to RM1.00 He is gonna puke blood. Only way he is gonna feel better is it drops all the way down to RM0.10.

If don't believe, you go see the cash equivalent in the cashflow statement.

This company sits on cash...Later, he song song declare dividend...U APPL dy...=D

The unker very scared he made mistake selling...

Me on the other hand also very scared that I made mistake buying...

Historically, increased in inventories will decline rapidly and convert to revenue. I might me wrong.

Good for u. Stay far far away k?

If my maths is correct, there should be decline in total inventories. The steeper the decline, the higher the inventories conversion. I hope to see reduced turn over days in inventories and trade receivables.

I don't believe so Goldman...I think this state is temporary...

I don't think it's the management. But the market is. ROE of this company is about 8-10%.
For private equity funders, they have better access to information like contract values n etc.

The market can only react when the contract materialize as reported in EPS.

Good...I need the market to keep it downtrend. My lawyer & banker is really slowing me down this time.

If shark wants to press...please do so, lim pe want collect...

Eat full nothing to do, made a study on Frontken's last 12 QR...

Ramai orang hutang dia duit lo...Don't know when will materialize into EPS.

For a while, thought of selling...Given the direction of the company, low debts and aggressive expansion, worth to keep. Spent 60 million worth in 2017, more than 2015 and 2016 add up.

The CFO must be damm kedekut. Control the money like his own. Very rare to find this traits in market these days.

Generally, Malaysian are constantly screwed over by steel industries. That explains poor PE as general future prospect is pretty grim considering technological advancement in this field is pretty quick and entry barrier to this business is not that great. All steel players are constantly under cutting one another shrinking profit margins.

I don't foresee any steel business now would last more than 5-10 years if they don't invest in new technology to keep their profit margin. I would however invest in new steel business. General market share will grow, and if these young business knows where and what to invest, they should do quite well. It's hard to teach old dogs, new trick. *Hint: LeonFB

It’s profitable business...so, it doesn’t need to be GLC nor OnG to go up...

If they announce dividend, then sure rocket.

@shareinvestor88, I’m small fish...I buy on monthly basis when my salary comes in...

Since I don’t know how or when to sell, I just buy whatever business I think is good and keep buying...and only sell when I need money...

So, if it goes 10c up or down doesn’t really bother me.

Uncle John, u bought at what price? I tot u failed to queue at 1.17? U bought at Rm1.28 and sold at RM1.29?

Many screams run for life after selling simply because he doesn’t wanna feel like an idiot when price goes up.

I think EPS is more important than PE...

I was addressing the possibilities of how dufu will worth RM2.88...

PE 14 by capturing notion market share...
How much Notion drop = how much DUFU gain...

How about that?

Enquest has gained 26% in a month time. That's what unleash of the Kraken can do for enquest. Let's see what the Kraken can do for us.