Looks like losing steam already...Wait for big drop b4 reentry

not low enough..

Sayonara..

altitude 2.00 -2.30

Speculative trading seen behind Bumi Armada’s sharp fall on Tuesday



KUALA LUMPUR: Oil and gas support services provider Bumi Armada Bhd, whose share price staged a rebound yesterday after a sudden last-trading-hour fall on Tuesday, may have been the victim of speculative trading, according to a company spokesperson.




<<When asked what might have caused its stock to plunge as much as 24% on Tuesday, a company official who declined to be named, said in an email reply to The Edge Financial Daily that there was “nothing from the company”.>>





“Although there may have been speculative trading due to a news article related to an evacuation on one of our clients’ other North Sea production installations (unrelated to our floating production storage and offloading [FPSO] in the North Sea),” the spokesperson said in an email response.

Similarly, AmInvestment Bank Bhd analyst Alex Goh said in a note that it was likely the sell-down of Bumi Armada’s shares on Tuesday was due to news that independent UK-based exploration and production operator EnQuest plc had “proactively down-manned” its Thistle platform on Monday, in a precautionary move after a preliminary subsea structural inspection related to a support element on a redundant subsea storage. Thistle lies around 201km northeast of Shetland.

Bumi Armada, it noted, was awarded a US$1 billion FPSO vessel charter in 2012 by EnQuest for the Kraken field located in the East Shetland basin.

“As the incident at the Thistle platform is not related to the Kraken field, we view the sell-down on Bumi Armada’s shares as overblown,” Goh said in a note yesterday.

Bumi Armada’s shares fell to as low as 36.5 sen before closing at 40 sen on Tuesday — still down eight sen. Yesterday, the stock climbed 4.5 sen to settle at 44.5 sen.

Posted by TonyF > Oct 24, 2019 10:33 AM | Report Abuse

If 1.84 cheap why TF dare not buy? No $ from 90 sen dividend paid?

TF believe bankers will push it up for him.. He's smart ass.
Don't worry Raymond will do the job soon..

1 Million unit bought minutes ago.. 1.19 to 1.21 SBB power? no bargain sale going up soon

亚航集团-看好数字化推营收

https://www.enanyang.my/news/20191023/【视频】亚航集团-看好数字化推营收/

布米阿马达-过度抛售被低估

https://www.enanyang.my/news/20191023/%e3%80%90%e8%a7%86%e9%a2%91%e3%80%91%e5%b8%83%e7%b1%b3%e9%98%bf%e9%a9%ac%e8%be%be-%e8%bf%87%e5%ba%a6%e6%8a%9b%e5%94%ae%e8%a2%ab%e4%bd%8e%e4%bc%b0/

start moving

wait for rebound..

soon you wont able to purchase cheap tickets..

Fasten your seatbelt... altitude 2.00 - 2.30

wow...over 2.50

wow yesterday board buyback 1M share... beware.. banker will push down further to RM 1.1x

Shortie no bullet already?

shark selling until hand numb already

IB goreng ?

IDSS smell...

TP : 70c

Update: ‘Support element’ for subsea tank led to EnQuest platform evacuation

All 115 crew members were down-manned from the Thistle Alpha installation on Monday after a “subsea structural inspection” and taken by helicopter to the nearby Dunlin platform.

The operator has now said the inspection related to a “support element” on a redundant subsea storage tank.

EnQuest has shut down production at the platform, which will remain the case until remediation action is taken.

The Health and Safety Executive (HSE) is investigating.

ALSO READ: EnQuest should be ‘transparent’ on Thistle platform issues, says union boss

Bob Davenport, managing director of North Sea operations at EnQuest, said: “The safety of our people is our absolute priority. Our offshore installation manager took proactive action to transfer everyone from the platform as a precaution following yesterday’s inspection.

“This was carried out safely and quickly, with plans then made for their onward travel home. Further inspection work will be conducted and the platform will remain shutdown until that has concluded and any necessary remedial action undertaken.

“I’d like to thank everyone involved for their support including the team onboard Dunlin, employees, contractors and the Maritime Coastguard Agency.”

The firm did not provide an estimate of how long the remedial work could take.

Thistle lies around 125-miles north-east of Shetland.

It is one of the few times that a platform has been down-manned due to structural concerns.

In 2017 CNR International’s Ninian South was evacuated ahead of a storm “to safely manage the structural integrity of the Ninian Southern jacket”.

That year Repsol Sinopec Resources UK (RSRUK) also agreed to suspend output from the now-decommissioned Buchan Alpha platform as the HSE had concerns about fatigue in the rig’s legs.

RMT regional officer Jake Molloy described the Thistle situation as “highly unusual” with the potential for an “extensive intervention” by subsea teams to assess the integrity issue.

A Health and Safety Executive spokesman said: “HSE is aware of the evacuation on the EnQuest Thistle platform and making further enquiries.”

2.00 - 2.30

Looking Good!

https://newsroom.airasia.com/news/airasia-group-berhad-3q19-preliminary-operating-statistics


Things to take note:

1)
As an update, we wish to announce that AAB had on 18 September 2019 paid a sum of RM14,156,818.47 (being the amounts specified in the Garnishee Show Cause Orders dated 23 August 2019) to MASSB to defray the garnishee execution proceedings. The payment was made by AAB without prejudice to AAB’s rights, including AAB’s rights in the appeals made in relation to the judgement order dated 18 July 2019, as well as any connected interlocutory applications.

2)
The Company wishes to announce that the disposal by AACL to the Purchaser of its entire equity interest in Merah Aviation Asset Holding Five Limited, which holds five Aircraft Assets, was completed on 7 August 2019 with the Company receiving USD182.17 million in gross proceeds. Pursuant thereto, the Board is pleased to announce the completion of the Proposed Disposal, with the Company receiving gross proceeds totaling USD739.44 million.

3)
The Company wishes to announce that the disposal by AACL to the Purchaser of its entire equity interest in Merah Aviation Asset Holding Four Limited, which holds five Aircraft Assets, was completed on 25 July 2019 with the Company receiving USD209.02 million in gross proceeds. To date, the Company has received gross proceeds totaling USD557.27 million under the Proposed Disposal.


4)
Jet Fuel Price: https://www.indexmundi.com/commodities/?commodity=jet-fuel&months=12

5) Flight Cancellation & Delay due to Haze,Tropical Storm & Typhoon etc

Although 4.2 magnitude quake occurred about 150 miles east of Aberdeen, at a depth of 6.2 miles on 25 September.


BUT


<the shock was too small to have damaged any property, Mr Galloway said, adding that about 25-30 earthquakes occur in the North Sea every year.>

<Dr Gilligan said earthquakes of a similar magnitude occur on average once every two or three years in the region and that the platforms should be built to cope.

This week’s quake would have been “naturally occurring” and not caused by drilling activity, she said, adding that tremors of this scale were recorded in the North Sea before companies started exploring for oil.>

Source:
https://www.energyvoice.com/oilandgas/north-sea/208457/north-sea-oil-workers-report-earthquake/

Big rebound tmr.

Thistle not related to Armada..

https://www.offshore-technology.com/projects/thistle-deveron-fields-north-sea/

https://www.offshore-technology.com/projects/kraken-oil-field-north-sea/

8.40 -9.00

aax operating statistics out now

AAX operating statistics out now

stall...stall...it gonna fall... 360 South

up up

later it will become like dayang and greatech days ago...

stall...stall...it's gonna fall...

shocking! what bad news?

Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal

KYY cashout and invest in new stock ..

looks like kenanga tengah goreng

Posted by Hotwires > Oct 16, 2019 3:47 PM | Report Abuse

Could be due to the recent proposal to the Govt and agreed?

https://www.lowyat.net/2019/196371/tm-sole-national-5g-infra-provider-...

dont think so

KYY heavily selling? He might have found new target

When will it stops?

SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-431-10/2019
BETWEEN ILHAM METRO CONSTRUCTION SDN. BHD. (“PLAINTIFF”)
AND
IKHMAS JAYA GROUP BERHAD (“IJGB”)
1. INTRODUCTION
The Board of Directors of IJGB wishes to announce that the Company had today been served
with a Writ of Summons dated 3 October 2019 (“Writ”) and Statement of Claim dated 2
October 2019 (“SoC”) by the solicitors of the Plaintiff.
2. Details of the circumstances leading to the filing of the Writ and SoC
The Plaintiff, IJGB and Ikhmas Jaya Sdn Bhd, a wholly owned subsidiary of IJGB (“IJSB”)
had entered into a Memorandum of Understanding wherein the Plaintiff and IJSB have been
invited to participate in a proposed project known as Rancangan Tebatan Banjir Sungai
Pendang, Kedah Darul Aman: Menaiktaraf Sungai Choras/Sungai Sala dan Struktur-Struktur
Serta Kerja-Kerja Berkaitan (“the Project”), as a subcontractor by forming a joint venture to
carry out the works under the Project in the event that IJGB is awarded the Project.
Jabatan Pengairan Dan Saliran Malaysia had via the Letter of Acceptance of Tender dated
9 April 2018 awarded the Project to IJGB as the main contractor.
The Plaintiff and IJSB had formed an unincorporated joint venture for the sole purpose of
undertaking the execution and completion of the Project. For the purposes of preparing and
submitting its tender for the Project, the Plaintiff had agreed to grant a friendly loan of
RM1,500,000 to IJGB (“the Loan”).
IJGB had made part payment totalling RM150,000 towards the repayment of the Loan. The
balance of Loan totalling RM1,350,000 remains outstanding and payable to the Plaintiff.
3. DETAILS OF THE CLAIM
The Claim made by the Plaintiff against the Defendant are detailing below:-
(a) Total Outstanding Sum amounting to RM1,350,000.00;
(b) Interest on the Judgement Sum at a rate of 5% per annum from the date of this action
until the date of full and final settlement;
(c) Costs; and
(d) Such further and other reliefs as the Court deems fits and proper to grant.
4. FINANCIAL AND OPERATIONAL IMPACT
The Claim is not anticipated to have any significant financial and operational impact on the
Group’s results for the financial year ending 31 December 2019 since the abovementioned
amount has been accrued for in the financial statements.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS INTEREST
None of the Directors and/or Major Shareholders of IJGB and/or persons connected to them
have any interest, direct or indirect in the Claim.
6. STEPS TAKEN IN RESPECT OF THE WRIT AND SoC
The Company is in consultation with its solicitors on the appropriate action to be taken to
ensure that the rights of the Company are protected.
This announcement is dated 15 October 2019.

dah lembik... going red soon

dropped from 2.02 back to 1.95.. luckily didnt top up

hmm...still skeptical on this one

merely manipulated by IB...

sad sold too early

1.60 tmr

tempting

OTHERS AirAsia X Berhad
AIRASIA X BERHAD

Type Announcement
Subject OTHERS
Description AirAsia X Berhad
We wish to announce that AirAsia X Berhad together with our affiliate, AirAsia Berhad, have on 2 October 2019 filed a Writ of Summons at the Kuala Lumpur High Court against Malaysia Airports (Sepang) Sdn Bhd (“MASSB”) (“Claim”).



The Claim is for the sum of RM479,781,285.00, being loss and damage caused by negligence on the part of MASSB, its servants and/or agents in the management, operation, maintenance and/or provision of airport services and facilities at klia2.



Further updates in respect of any material development on the matter will be made from time to time in compliance with the requirements of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.



This announcement is dated 4 October 2019.

For ASM, should refer to this latest one

Description IKHMAS JAYA GROUP BERHAD ("IKHMAS" OR "THE COMPANY")
- KUALA LUMPUR HIGH COURT SUIT NO: WA-22C-64-08/2018 IKHMAS JAYA SDN BHD VS ASM DEVELOPMENT (KL) SDN BHD
Reference is made to the announcement dated 16 August 2019.



The Board of Directors of IJGB wishes to inform at the Case Management held on 10 September 2019, the Court had instructed Ikhmas Jaya Sdn Bhd ("IJSB") to only claim for RM11,641,060.54 being the works done for the Maju KL Project. The trial has been fixed on 18 September 2019.



The claim filed by IJSB earlier of RM14,583,764.69 was for the works carried out for both Maju KL and Station Hotel Projects.



IJSB would consult its solicitors and take the necessary action to recover the claim for works carried out for the Station Hotel Project.



This announcement is dated 11 September 2019.

Pursuant to the Writ and SoC, IJSB is claiming the following:-
(i) Specific order to execute the Settlement Agreement dated 17 April 2017 and the
Supplementary Agreement dated 21 March 2018 for the transfer of all the 19 New
Contra Units free from encumbrances to IJSB or the nominee to be identified by
IJSB within 14 days from the court order;
(ii) Alternatively, in the event the transfers of all the 19 Contra Units are unable to take
place within 14 days from the order for whatever reasons, DJ Design shall pay to
IJSB a sum of RM46,237,500 being the agreed value equivalent to the value of the
New Contra Units;
(iii) Outstanding amount of RM15,705,500;
(iv) DJ Design shall pay the entire outstanding amount of RM6,304,851.90 to the NSC
and RM161,800.78 to IJSB being the payment made by IJSB to one of the NSC;
(v) Interest of 1.5% per month and as at 31 March 2019, the amount was
RM21,864,961.36 up to the date of full settlement;
(vi) Costs; and
(vii) Other reliefs deemed fair and just by the Court.

Reference is made to the Company’s announcement dated 24 July 2019.


The Board of Directors of IJGB wishes to announce that subsequent to the announcement made on 24 July 2019, IJGB had settled part of the amount owing and leaving a balance of RM1,322,905.87 due and owing to the Petitioner (“Outstanding Sum”).


The parties had agreed to a settlement of all claims, counterclaims, rights and liabilities that they have or may have against each other arising under and/or in connection with the Settlement Agreement executed on 22 June 2018 and Corporate Guarantee and the Winding Up Petition (hereinafter referred to as “the Disputes”) in accordance with terms stated in the New Settlement Agreement executed on 3 October 2019.


In accordance with the New Settlement Agreement, Ikhmas Jaya Sdn Bhd (“IJSB”) has agreed to transfer all its rights in the following equipment:-


a) Two 2 units of BG25C Rigs with a total value of RM1,200,000; and


b) Three (3) Kelly Bars for an estimated value of RM122,290.87.


The Petitioner has agreed to take steps to withdraw all proceedings against IJSB and/or IJGB with no liberty to file afresh and no order as to costs by way of filing a Notice of Discontinuance in the Winding Up Petition with the Petition No. BA-28NCC-442-07/2019.


This announcement is dated 3 October 2019.





hmmm...asset loss..

a daunting task for IJ to recover RM80 million from D.J. DESIGN & SUPPLIERS SDN. BHD ..

wait for EPF's action.. pump or dump

New call warrant c93.

back to ipo 1.40 possible..