Faster chase. Still got some cheap stocks remaining. Going off the shelf fast.

Foreign funds have been leaving since pakatan won. Scared of the huge debt problem. Since their holdings in genting is quite large this counter bore the brunt of the withdraw of funds in msia.
If the ruling gov can somehow contain the huge debt problem or at least change the perception they will come back.
But then it will be above rm9.

That why i am confident 50 sen can reach easily. The fun wow and disbelieve starts after 70 sen.

Armada is once a lifetime happenning. Multi bagger. I had the same experience with dufu at 16 sen. At first the up is so difficult. After break at 70sen the sky is the limit.

Most banks are giving genting tp above rm8. So at 5.60 can buy or not? Not a difficult question.

No increase in gaming tax fr budget for genting as predicted. Magnum n Toto kena cut Tuesday draw. Positive surprise for genting resort on tourism insentive. Illegal gambling to be tackle. Good for genting.

Cheap sale over today. Monday back to premium price.

Last chance to get genting on offer. 4 pm offer closed.

Last chance to buy today. Q at 59. Pls throw.

Genting is the bluest of the blue chips. Not only presently but also during your father or grandfather's time. As always there will be times when things are not looking so good.
I have seen rhb about rm1 maybank rm2 public fin below 1 public bank rm2 before consolidation bimb rm1 ect. Only the bravest of the brave can collect multi baggers.

Ramada relax. Mine are 5.90. N i m still collecting happily lower n lower.

Be brave when others fear. Q at 59.

Thanks. New low. 61 done

Q at 5.61 whole day also not done.

Relax. John is just trolling. He is quite normal like u n me. Armada is still cheap. Its ok to wait till 1 more qtr. I think he may enter when armada is 50sen. After all armada will sail past 80 sen. Plenty of cash for everyone.

John, we keep inviting u to join and prosper here. Plenty of cash for everyone. Even at 50sen its still cheap. Easily 80 sen.

Look at the earnings. Crazy not to buy.

Check brent prices when armada was 80 sen previously.

I love the phrase 'Stars are beginning to align'.
One good news after another otw.

Thanks. Done at new low. How low can u go.

John how can impairments become unsecured term loans. Impairments is when you write down the value of an asset. Unsecured loans is money u borrowed from banks.
Loans are paid gradually. Whether u have impairments or not loans got to be paid.
Impairments are just book entries. It does not affect the loans u have. Don't simply talk kok.

Cash Settlement Amount

= Number of GENTINGC64 exercised x (1/Exercise Ratio) x (Closing Price – Exercise Price)

= Number of GENTINGC64 exercised x (1/6) x (RM5.8468 - RM8.8800)

= Number of GENTINGC64 exercised x RM0.0000

Is it possible Kenanga purposely sell down genting price to avoid paying warrants holders?
If its true then we shd see genting moving up tmrw when they need to cover their short position.

Thanks at 335

Thanks at 34.

Thanks at 345.

We are a very diverse group here. People who had armada at above rm1, 90sen , 70sen , 60 sen, all the way to 16 sen. 15 sen maybe for some lucky ones. Those who started at the lowly 16sen may not hold anything now as price has double. As for us who was with armada for a few years knows its value.
We had gone thru bad times. Sapnrg n velesto also the same fate but gov funds kept it afloat. Too big to fail. Huge debts settled and now are recommended by banks. But people forgot its no of share balloon up too much. No way it can move up like armada. Armada on the other had managed to go around the debt problem without increasing its shares. So it can easily go back to its previous price. I kept my view that 60 sen is easily reachable and 90 sen is clearly seen.
Most banks tp was hopelessly out when armada was 16 sen. Some targeting 11 sen even. Epf is worst. Selling all the way to 15 sen. Good for me though buying all the way to 15 sen when epf is throwing. Who says follow epf? Now at 35 they may be buying in.
I still maintain buy at this price. Dirt cheap still.

Don't wait for 1sen or half sen lower. Take at 355 tmrw. Still dirt cheap this armada. Easily 60sen. 90 sen in sight. Plenty of money to be made for everyone. Plenty of opportunities from 16sen till 35sen. Stil talk kok how to make money. To make money here need balls. Like paktua.

What ckca says between the lines is pls pls sell so that i can buy low low. I miss the boat liow. Pls pls give me another chance.

Paktua, making good money. What price to take profit?

Geco , come on board. Not late yet. Still dirt cheap 355. 60 sen easily.

AK can come out with cash means RI issue is history. Debts issue is past. The future is clear. 90sen is view.

Shorties will have to take cover. All caught naked. Jia lat liow.

John hope you r on board. Plenty of money for everyone. Enjoy the ride.

Who says AK no money?

BA98/2 FACILITY



1. Information on BA98/2

BA98/2 is a company incorporated in Singapore and its principal activities are investment holding and management consulting (including engineering and corporate services).



2. Information on the BA98/2 Facility


2.1 The purpose of the BA98/2 Facility is to fund Bumi Armada’s 30% equity interest in a joint-venture project with Shapoorji Pallonji Oil & Gas Pte. Ltd. ("SPOG"), in connection with the charter and operation of a floating production storage and offloading facility ("FPSO") for deployment at NELP Block KG – DWN 98/2 Development Project Cluster-II field located on the east coast of Kakinada, offshore India ("Project").


2.2 Security for the BA98/2 Facility is based on Bumi Armada’s 30% interest in the Project ("Security"). Enforcement of the Security will be subject to compliance with the relevant regulatory requirements (in particular those applicable to related party transactions), including the approval of Bumi Armada shareholders (if required at the time), and/or other relevant consents being obtained.


2.3 In addition, MENV has been granted options to acquire Bumi Armada’s 30% interest in the Project at fair market value as determined by an independent valuer ("Options"). The Options may be exercised by MENV at any time within 36 months from the date of grant or until the BA98/2 Facility has been fully repaid, whichever is longer.


Any acquisition of interest arising from an exercise of the Options is on the basis that Bumi Armada will comply with the relevant regulatory requirements (in particular those applicable to related party transactions). As such, the exercise of the Options is subject to the approvals of Bumi Armada shareholders (if required at the time) and/or other relevant consents being obtained. The process for the exercise of the Options is no different than the process for an acquisition of shares by another related party in that the latter would also be subject to the approvals of Bumi Armada shareholders (if required at the time) and/or other relevant consents being obtained.



Bumi Armada may sell its interest in the Project to any third party during the Option period, subject to obtaining MENV’s consent (in addition to any other consent required under applicable law or contractual requirement), and MENV is required to act reasonably in considering whether to provide such consent.



All proceeds arising from a valid exercise of the Options must be applied towards repayment of the BA98/2 Facility.

Bumi Armada Berhad ("Bumi Armada" or the "Company") wishes to announce that its wholly-owned subsidiaries, Bumi Armada 98/2 Holdings Pte. Ltd. ("BA98/2") and Armada Floating Gas Storage Malta Ltd. ("AFGSM"), have received financing commitments with respect to an aggregate principal of up to USD75 million from Mezzanine Equities N.V. ("MENV"), a wholly-owned subsidiary of Usaha Tegas Sdn. Bhd. ("UTSB"), comprising:



(a) an up to USD30 million (RM128 million) 3-year term loan facility made available by MENV to BA98/2 pursuant to a Facility Agreement between MENV and BA98/2 ("BA98/2 Facility"); and


(b) an up to USD45 million (RM189 million) 6-year term loan facility commitment to AFGSM pursuant to a Letter of Offer from MENV ("AFGSM Facility").

Done a lot for chinese society? John , you are way way off. Go n find out more before talk kok. Crooks can appear like angels to some people.

IDDS is avaiable from your IB apps.

JohnChew. Come join us. Will go back to 60 sen at least. May reach enen 90 sen. I used to buy 70 sen sell 90 sen. Plenty of money for everyone.

https://www.thestar.com.my/news/regional/2019/09/21/sentosa-merlion-to-be-demolished-to-make-way-for-new-development

Even 60 sen is still dirt cheap.

Bang beli rumah baru adalah investment tapi isteri baru liability. Gunalah keuntungan tambah keuntungan.

Genting price has always been dependent on foreign investors and controlling shareholders. You n me and all ikan bilis have no bearing. If you want to know when is the bottom its when the all weak foreign funds let go then only LKT will push up. It is not in his interest to allow genting share price to go too low and its not prudent to allow the foreign funds exiting to make profit. If they want to sell make sure its painful. As for me I am happily collecting. How low can you go?

Tak1, you really are a good man. Curse curse poison but still sent robert to heaven.

I don't short. I very very long. Hip2 hooray.

T+3 is holland already. Your ib just dump at whatever price available. Where got player wait fot T+3. Really dumb. Speculate can win or lose. But wait till T+3 is like commiting suicide.

JohnC, doesn't look like you bot any shares lately. Its T+2 now. Don't bring people to holland with your T+3.

Kraken is not an oil rig. Its a fpso. When the sea is too rough they disconnect the undersea cable and sail away until the storm subside. They then sail in again for reconnection.

Monkey why are u talking T+3. Are u still in stone age? Knowledge like this how to play share market? Garanti kantoi if follow u.

At this price the drop in oil price will not affect BA share price. Speculation plays a much significant role. Expect some fluctuations but trend is upwards till 70 cents.