https://www.thesundaily.my/business/bumi-armada-sells-armada-perdana-fspo-for-us-40m-HY1346810

stock will jump immediately once rpt announce.. if price still remain below 45c, you go toilet come back will bcome 55c already

next qtr another >80m and have one off gain from asset sale

i3lurker said wait until mid year only enter, keep cash first but whom bought yday already make money like paktua..

wait next 3rd batch at .35 if drop again

collect .385 2nd batch. time to forget and wait. long de shit will keep posting here.. spend so much time writing but without shares

why buy airasia when you can buy armada at 40c and earn 15c less than 3 mths

too cheap to ignore but big boys still dont want to play construction..

lets see if can get .45

collect bit by bit all the way down until next qtr and ecrl announce

if cannot 1.20 then upgrade to 1.30

why up? why? pls go down tomorrow.. im not request .70 anymore, only .75 this time..

dji pls do something tonite

whom want to sail together, if it down below .40c again, must load faster. candle looks very good today..

tonite dji will up or down? tomorrow?

no matter up down south or north, our armada ship later will sail back to .55 again.

aiyoyo.. what happened today.. i thought go down.. want to collect at .30 but it went the other way round.. bravo.. clap clap clap

heard someone today become monyet.. ha ha..

sorry for the bad word, human do pissed off sometimes. i will wait to collect if hit my next discount price. wish all the best.

Bro RJ, ok i accept that.. i also seems like have read his comment but somehow it was gone. no wonder me too get confused.

we are talking abt SC vessels caspian sea that idle without job which you asked me to tell

when i replied with answer, you come with your own opinion for the idle cost and brought claire court case and think i need to be educated

bro, idle cost for the sc vessel (end contract) vs claire case (contract termination), is obviously different.

thanks for sharing me your stupidity. i will not reply to you again

ha ha.. if 7c, its its not kronologi but kronik

RJ, you have your own understanding of the case and i will keep it that way. its your right.

i will be busy in coming week with site handover, so i will be less commenting.

whatever happen to the market, just chill and relax. when there is problem, there is opportunity.

yinson is value so much bcoz market value it that way. need to ask yinson shareholders why they agree on that value. yinson gearing is half of armada now.

for me yinson is just lucky, armada is not.. when kraken is build, oil market slump.. when oil start to recover, kraken have commissioning issue and have to pay enquest, then almost default on loan.

i dont get what do you mean armada was paid to build the ship.

if you pay grab driver to bring you to klia, does it mean the grab driver car loan is being paid by you?

@RJ, yes, the vessel name is armada constructor and armada installer. Idling without job.

RJ, SC vessels caspian sea

@omg,

point no 1- if you lose in court to claim your right and court dismissed it, means it was not your right to claim. this is more to damage claim rather than trade receivables claim. market might expect it will win, so when it didnt, hope fade away, market react, bad sentiment.

point no 2- when armada post 1.2b loss with impairments, is the price down to .145 due to impairments itself? no, its not. it down bcoz risk of default loan. it resolve when AK pump money and armada rally till .28

point no 3- is impairment reversal improve anything on its gearing ratio, the main problem? no, gearing remain so thats not a catalyst to look for.

next, is there any impairment coming, probably yes and no. armada have 2 asset idle at this moment.

obviously, my question is simple and yet the answer is overwhelmingly sideways..

is slowdown in construction will affect oil demand significantly? yes or no

even my site supervisor can answer.

nm, bcoz u dont know i give u answer

out of 100% construction cost on average :-
30% is building material
30% is labour cost
10% is admin cost
5-10% machinery
5-10% consultant and design

rest are profit margin and miscellaneous expense.. so does oil demand is significantly impact by lower construction job vice versa?

yes it does on transportation and mobilisation but that not significant

lol spinning, my question is very simple. just answer it. if dont know just shut up.

_________________
can tell me how many % of cost of construction is from oil expense?

im now running few projects and all the expenses is on my watchlist

spinning, i dont call market crisis as falling knife but opportunities instead.. big opportunity esp if you hold a lot of cash.. when blood on the street, you can buy mercedes at honda price.. thats real bargain

the real falling knife is when the company losing it business foundation.. losing revenue like iqgroup and market share like DL.. problem with cashflow like jaks and sendai, cant secure new contract like barakah

ive been following armada for 2 years and i knew what im doing here.. if you knew pearlwhite and superbull11 whom challenge my prediction in this forum last year, they all has gone away losing badly

superbull11 said when armada 50c, presbhd will be 90c, look at presbhd when armada 50c, its 40c !

he never appear until now

i3lurker, pls reply my question on oil vs construction

pp will dilute market price bcoz it will give at discount max 20% which is a lot, another burden on top of existing rcn at 0.09.. there is also esos at .105... all these will eat market price

alam has to post good rpt next qtr otherwise it will continue falling

the announcement of pp + wuhan virus at same time will press the price, will wait it to drop to below .13 to collect and hope next qtr will post better qoq profit.. if not jialat

tomorrow will drop as china drop, then tue will continue drop as dji will follow

i will no rush buying, let it fall first..

dont try to be “all knowing” when you dont have the figure.. it will hit you back straight in the face

can tell me how many % of cost of construction is from oil expense?

im now running few projects and all the expenses is on my watchlist

where are the data that construction works vs oil demand is significantly impact each other?

im owner of construction company

coming back for krono.. wait below .70

wait at 1.20

so quiet, time to buy soon, let it fall first

annie, vstecs ict is different play, low vol counter.. for me i still go for o&g that proven to rebound faster esp those with div and growth

- carimin
- uzma
- petra
- armada

only have 1st batch of armada on hand, rest yet to buy.. sure will buy some carimin and uzma when hit my price
_____________
annie87 panda, buy armada or vstecs? which one better

bearish market last for months but when it rebound it surge more than expected

at every crisis, market will always rebound.. it happening from time to time.. so this time would not be different from the past.. its just another cycle you have to ride on

do note that it has said only those whom hold cash and buy when opportunities comes will recover earlier and make profit, so check your cash position

https://www.thestar.com.my/business/business-news/2020/02/01/preparing-for-a-bearish-market

the only prob here is that vol very low, only small trader play, need to wait big boys join in then only can fly

hold 10k shares here, will add more later for long term till hit my TP rm2

not yet bottom, next week will have another sell down just wait another 2 wks to see where it will go

my troops will join paktua to ambush but will let next week past first.. enemy will drop more bomb and missile

big holders will press the price until retailers cannot tahan and when all retailers dispose their holdings big holder will come back make the move..

we will monitor enemy strategy closely, roger and out

Chill out bro... everybody has right to give their thoughts. Nothing wrong on that.. whether that thoughts right or wrong, people want to follow or not, its their own choice. its their money anyway.

I have proved my track record here when not cutting loss when down to .145 until it goes up back till .55.

I also made buy call at Alam here at .095 and it went up till .20.

If my thoughts here is nonsense, what abt your thought at sapnrg after 2 years still lose underwear no rebound at all.

Yes you get it right calling for the sell down. Give you credit on that. But for me thats easy part. More challenging is to make buy call.

I will buy batch by batch all the way down. I predict bottom will be at 30c. If really hit 30c, i hve stdby cash for that. Then will keep till next rebound.

Let us make money here ! when people scare, i buy.

good morning, some thoughts to share on wuhan vs market :

1-up and down in market is its nature not a bug. lets market run its course. whatever goes up will comes down and whatever goes down will comes up.

2-if you stuck above 40c at yet to cut loss, you are late and have to face further paper loss next week.

3-if you insist not to cut loss, you have to bear the waiting for at least 2 mths (4/feb hospital will be ready, vaccine might take 1 mth, case drop on Mar and market start recover)

4-if you yet to buy but plan to buy, can follow analyst suggestion to buy when the no if case is going down which start to see by mid Feb onwards.

5-if you worry on oil price impact the business, no need to think so much bcoz its not your job and you can do nothing abt it. opec will handle that.

6-if you believe opec will able to handle oil price, o&g will continue profitable, those profitable and div paid o&g counter should be on your top buy list when price reach your target.

7-market is control by the big shareholders, no matter how clever and smart you are in real life, you cant predict the market, what you can do is to follow the trend or stick to your sound business sense (as taught by uncle).

Happy Weekend

@GooShem, based on SARS case, market move sideways for almost 2 mths.. so Wuhan might be similar or worse..

i would stay aside for next couple weeks and monitor how china would handle the matter.. one analyst said, can start to buy once the case number start to going down.. at this moment case is still going up.. so price yet to reach bottom..

china market open on mon sure will be floored down..0.3 is possible next week

i3lurker, i accept that. we are here to make money and every comments deserve a place.. hope we all can cherish each other

paktua come play golf together, i jst bought Ping 410 driver couple months ago and its superb.. forest city is the best course in msia now.. tropicana has become 2nd.. must try and feel the desert golf course.. with strong wind from the straits.. very challenging.. better than els desaru

thats chimpanzi case analogy was written in a book by Pauline Yong, pity you dont get the point and use it 2 times to degrading me while try to show off your are smarter as Top Level Financial Manager.. i just take that in my arse bcoz im a business owner.. i pay manager, accountant and auditor to do my financial job.. thats so low. I even scold them if they do not follow my way of doing it..

and tell you what, im not losing money here, mike kim, RJ, IK, pak tua knew my position since a year ago..

you just write to make me look cheap, however you were wrong and it hit you back again.. im sorry, pls try harder.

if you dare to meet me, i will be at forest city golf resort tomorrow morning.. wanna hit some balls really hard.. lol