https://www.nst.com.my/business/2019/03/470867/finance-minister-hints-windfall-tax-unless-banks-start-being-flexible

Panda, yesterday u able grab some barakah?

LOL... Sohai.. sochai.. sohkau... sohlan...everywhere... kakakakakaka...

Nasaie24, can stop your comment for 2 days? give us some peaceful time ok tak? LOL

LOL.. i already why need listen to this kids talking.. AHAHAHAHA.. sochai talk kok and always U turn ..

main share kena sabar lo abang...

knm sudah gatal... last min makan 0.125 alot

lol.. thats why i say no 0.20 susah lo lol.. now need holding power lo

if can stay back at 0.20

be patient Investorking.. armada will up soon

Well armada actually earn also at current price, but not much .. hehehe..

Always invest your money in smart way, please dont punt stock.

i had purchase 6 stock on Jan, belive or not, thsi few stock really gain me alot, except armada and ikhmas, yet im still holding it except perdana sold out.

once they accumulate enough.. they will start pushing it, even RhB investment bank set 0.14 and 0.17 for their TP yesterday

hehe,.. knm break 1st resistant

KNM u all need to minitor. not staright buy when ppl ask buy, there is 2 resistant 0.12 and 0.13, if break resistant u can consider go in. of coz im talking about closing price and volume trade as well.

shpok4574, dont pity, the music not yet over, lets see u able grab the seat or not before music end.

Stock movement always almost a same apply on each stock. when hit or stay at the comfortable price, they hardly drop back, think like investor sense like shark way.

Hehe....my name been mention, ok newinvestor, i do understand what you mean, its depends what kind of player you are, if contraian yes, even with 0.01 you should lock your profit. ( depends how many lot u bought) for short to mid term investor like me, u shouldnt do that, if you doing that sell buy sell buy, you will end up lose everything once market crash, coz your emotion will kill you, investing and punting is 2 diffrent thing. Like i say before, understand your stock but not over think of it, set cut loss point, keep for max 3 month ( u might get lucky in a month hit your TP.) Do not invest into a stock that no volume, see history chart do your homework.

if stay above 0.20 why sell... :((

barakah turn now to move.. hihihi

.205 sudah keras lo.. hihihihi

if you read his comment u will vomit blood. Sohchai talking..

This nasaie24 always U turn one la, no one wanna listen to him talk shit.

see see look look knm

good.. volume is back comparing with last few days... hehe..

oh yes! barakah close 0.125 also.. hehehe...

close 0.195 the best.. hehehe

infact im not really care armada big or not, coz i wont holding this share for long term. PROFIT the most important.

betul betul.. if good news will continue fly... if bad sure collapse... but for sure they need push up 1 more time before collapse.. too many share traded out there..

Hope so too ATARAH... as long armada can back to 0.20.. guess will fly before bad or good news out for last time.!

hihi.. Tongkarat..

armada at accumulating mode..

hihi sudden 22 mil done at 0.195

even i sell at 0.38 also good profit..

Slowly... dont rush Investorking.. my perdana bought at January... now return so good ya.. hehehe..

hihihi... indeed starlight..

but let go perdana at 0.38... :((

Panda, i manage top up yesterday for barakah.. hihihihi...

All talk kok ppl already hide inside cave lo... licking his own wound lo...

anyway i had enough, already top up at 0.17.. hehe.. now just wait it fly

look like you so sure ya hehe.. how bout i buy 0.185 and keep for e month..shpok

Contraian that wanna get a piece of cake when its going up, well... good luck. prepare u might trap in there.

no need talk meng yew, when down they curse, when up they clap hands, like i say buy and keep , no movement just wait, up stay calm, reach tp just sell.. talk million words also no use, movement show all.

I can say dont punt this share! buy and keep for some period will be ok, same way as u put FD.

Based on the financial review of Armada, it was determined that: -

PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 13 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 7 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING

Armada’s ability to secure new contracts is likely to be 0%

PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.

7 years to go or 28 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.24 billion in profits.

Rm21 billion confirmed sales for next 7/8 years. Actual operations profit from Rm21 billion is around Rm9 billion. Rm9 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.

It is enough to pay off the RM12 billion debts (excluding interest)?

HOW TO MEET THE RM5 BILLION DEFICIT???

How much ADDITIONAL new revenue is needed for Armada?

=================================
Around RM12 billion in new sales / revenue.
=================================

That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.

So it’s the crunch time now. What are the options available to the shareholders?

1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive

1. Taking Armada private

Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.

2. Sell Armada

No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.

And new owners have to come up with an additional RM5 billion to pay off its debts.!!

3. Dispose assets to continue to survive

Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.

With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.

Despite the enthusiasm on the following: -

Speculated improvement in cash flows
Speculated settlement on Claire
Speculated award of new contracts
Speculated sale of assets

Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.

Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.

We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.

We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.

As for the main shareholder, they have already clawed back their investments when they part disposed in 2011/12.

Looks like its "ride the train for as far as you can" before it breaks down. DONT PLAY PLAY! I AM BLACK PEARL ! HAHAHAHA

lol mike

shpok4574, u should say fot those PUNTER or CONTRAIN la...

i keep 3 month and see, if can stay back at 0.20... HUAT lo .. heheh

dont forget barakah ya guys... hehehe