Good call! the more you wait, the more you lose!
Bossku77 @john1102 or you want to wait until loss 25k? 30k? 40? then only consider of selling?
27/02/2020 11:50 AM

Further to the announcement made on 26 September 2019, Bumi Armada Berhad ("Bumi Armada" or the "Company") wishes to announce that its wholly-owned subsidiary, Armada Floating Gas Storage Malta Ltd. ("AFGSM"), has entered into a 6-year term loan facility of USD45 million (RM189 million) from Mezzanine Equities N.V., a wholly-owned subsidiary of Usaha Tegas Sdn. Bhd.



The security for the Facility is the standard security package for this type of project financing facility which includes a first ranking asset security, a first ranking mortgage over the floating storage unit operating in Malta (“Malta FSU”), a charge over shares and bank accounts of AFGSM, and an assignment over AFGSM’s rights under the Malta FSU charter contract.



This announcement is dated 11 October 2019.

when you know your happy you stump your feet, thomp thomp

but how you gonna sell your arses for so huge debts to pay off?

any seafood sifart sifu mind to explain?

what did i miss? where is gaayboy conman rj87?

see conman pandai o, cover up own ass! what you say is fart! nothing but to show yourself as a dumbfck donkey!

RJ87 Total market sell down since Jan about +/-90 bil. Must be alot margin call and stuff....
26/02/2020 7:20 PM

RJ87 Hibiscus good QR also selldown...

Dunno if operators in Armada will support or push the price like Wahseong even reported bad quarter.
26/02/2020 7:22 PM

FATA86 Basically it doesn't matter how's the QR . Depending on the operator. But if QR good , then more ppl will buy in.
26/02/2020 9:13 PM

InvestorKING Yes, it's all very much depending on operators
26/02/2020 9:26 PM

InvestorKING Anyway, tomorrow will announce stimulating plan also,by tun m
26/02/2020 9:27 PM

InvestorKING But fata, I don't think operator will push up the price even if the quarter is good
26/02/2020 9:43 PM

RJ87 havent buy one can stay on the side...

even if good QR, the panic buying won't be as great....better wait how the next 5-8 months unfolds.
26/02/2020 10:31 PM

if your not confirm . don't show your stupidity! asswipe conman rj87

will go holland faster! sure confirm win ar? 100% sure win with this figure?

RJ87 Incorrect...Armada's Gross Profit will continue to flow in generating almost RM1Bil in cash from operation before changes in working capital and RM500mil net cash (Not trade receivables like ARBB with negative net cash of 40mil with 35mil "profit"). That's not gonna change if RJ sold or Jameswong66 bought.

But if cash generation continue to strengthen; RJ would be an idiot to have sold at 70-80sen to Jameswong66 if performance continue to improve. The right strategy to exit is when market over values Armada's future earnings. E.g Yinson's PE at 30. Armada PE30 at EPS 6sen per annum; that's RM1.80. I will a hypocrite to not call Armada overpriced if it's RM1.80 if EPS doesn't grow to 8sen or 12 sen.

Get educated on difference between orderbook and MOU. MOU song song can mutually terminate (just like ARBB - last quarter song song terminate USD220mil worth of MoU). Armada's SA and Orderbook? You get sued if u conveniently terminate. That's the USD275mil Armada suing Woodside.

FPO/OMS is better investment bcos 1) The customers are international. 2) Clear revenue visibility from orderbook. 3) Charter rate does not directly affected by oil price.

Remember...get yourself educated. Know what and why you buy!
Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit.
A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?

Here's the comparison between Armada and Yinson.

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
Q3,2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

After Short Term Debt conversion to Long Term Debts
Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)

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hsltee they 0.375 numbers are just all numbers, mostly you know who play with this numbers, once they earn from these numbers, sell off. shares price will drop
26/02/2020 5:24 PM
26/02/2020 5:55 PM

if not confirm, why post it? this retarded low life scumbag is trying to fool investors! beware !

sell runnnnnnn fastttttttttttttttttttttttttttt scammers in armada
mikekim I'm also expecting RM1.5bn Kraken debt to be reclassified from short term to long term.
Management has expected this to be done in Q4 2019.
Then there will be 0 liquidity risk for Bumi Armada over the next 5 years.

"Non-current borrowings for AKPL of RM1,477.4 million remains classified as current liabilities due to existing non-compliances by AKPL under this loan, in particular Armada Kraken FPSO project not achieving final acceptance by the scheduled date, where project lenders currently have the right to issue, but have to-date not issued, a notice for full prepayment of the loan. Thus, AKPL did not have an unconditional right to defer payment of the non-current borrowings for at least 12 months after the balance sheet date.

In view that the Armada Kraken FPSO has achieved final acceptance in September 2018, the Group is currently in discussion with project lenders to remove the risk of having to prepay the loan as a result of existing non-compliances by AKPL. The Group expects to alleviate such risk by end of 2019."
22/02/2020 2:49 PM