US$50 million (RM230 million)

This is very horrifying,
if not true, all these IBs must be sued for false and misleading information resulting in financial loss as they have a reasonable duty of care to all users of their products.

if purely transformer, the damage cannot be USD50 million.
how did they arrive at such figures?

////Hong Leong Investment Bank (HLIB) research estimates a six-month downtime for the FPSO and trimmed its FY2023 net profit forecast by 38%.

“We note that the Kraken’s firm contract period will end in 2H2025 (the second half of 2025) – with options for 17 annual extensions,” said HLIB.

CGS-CIMB Securities research estimates a similar downtime. It has included a loss of six months of BBC cash receipts, finance lease income and US$50 million (RM230 million) of repair and maintenance costs into the group’s profit and loss forecast.////

Agree no guarantee
could be due to sand

The reason could just be a "very simple error" plus safety not operating
bear in mind that when the Control Choke Valve is shut without synchronisation with pump shut off, the pressure theoretically goes to infinity, pump should auto off by safety current trigger,
if impeller stalls like sslee says, current goes theoretical maximum.
Without any safety, if total power is 16MW and none of those safety off operates, everything just blows all the way through multiple compartments.

Thats USD50 million for you.

Yeah
Likely minimum of 4 safety bypass, no one can claim its accidental bypass
who did it on purpose?
bypass at pump
bypass at transformer
bypass at Control Room

and likely another safety bypass at compartment junction,
FPSOs are supposed to be compartmentalised to limit and slow down explosions

Sslee

At the MCC trip amp will be set that will auto cut off the electricity supply if the amp is too high (above safe operating limit).

OnG transformers are designed to be almost indestructible.
usually the pump will fail first rather than drawing so much power to destroy the transformer.

I still find this whole thingy to be very weird.
If I am a suspicious feller, this will be labelled as "sabotage"

I believe someone made RM500 million happily
thats money worth killing for.
:)

need not be borrowed shares
some short sell owned shares hoping to buy back cheaper

Question is when will these class of people buy back in?

Dompeilee says 30 sen !!
everyone is entitled their opinion


Posted by KML889 > 2 minutes ago | Report Abuse

Right from the start it was merely HV transformers failures or blown out and hence the production outage. Nothing tangible damage to assets class and compromised in asset safety and well being. Dream Big Tomorrow

Likely an audit of all production safety measures.
Must do to make sure no one is allowed to bypass anything that explodes the entire FPSO.
I speculate, no evidence, likely BOD of Armada insisted on it

Posted by KML889 > 37 seconds ago | Report Abuse

Now the question is how long will the brought forward maintenance take before phased production again

I think all shareholders of Armada should do a "prayer of thanks" to God.

the normal and usual end scenario when this thing happens is that the entire FPSO blows up.
Give thanks always.

in real life this thing cannot happen one

as in ......... CANNOT happen one

it happens, you know why?

=> usually the safety is bypassed
why is safety bypassed?
due to transformer tripping too often lowering oil production.

why safety tripped?
the safety tripped coz pump absorbed too high current
why pump took high current?
due to effective low rpm
why low rpm?
answer is Riser was blocked
why Riser blocked?
temperature too low not doing its job

why temperature too low?
at this point I dun wanna speculate anymore becoz it will start to pin point responsibility.

My conclusion
=> Armada is NOT responsible, sitting relaxed but of course its affected financially as well

Tip
when the fuse in your house blows, dun bypass it with copper wire.

You need to write down on a piece of paper.
I find excel still the best

who said what 3 weeks kah 6 months kah
when they said it is also important, a timeline helps
who said nothing.

When I was in IB, wherever we go for lunch or after work pub drinks, 100% always got 1 very suspicious character sitting next table or nearby.
If your investments are huge, you can try this "Overheard method"
somehow this always works no matter how hard people try NOT to talk

what the hell
life is not worth living if you dun take a considered bet once a while.
=> just do a small sum that you can afford to hold/park some time

just dun be an addicted gambler doing telephone books will be ok

When IB analysts get info from company,
it will be recorded down as from who, name and title, date and time
and compliance department will check everything lovey dovey

getting data from air is NOT allowed

then report comes out
and stock crashed

oops !!

IB analysts ONLY get info from company, otherwise NOT allowed to publish.

thats another one of those things you need to consider in your "considered bet"

sometimes in life, you need to take a considered bet.
if it turns against you then ... so be it, but its a considered thing, better than buying lottery ticket.


Posted by KML889 > 11 minutes ago | Report Abuse

If this news is True, I mean genuinely from a trusted source then it's one heck of a comeback for Armada and the investing community. Bravo

I am like the Sultan of Brunei,
When you donate to me, the length of your life and your cash, I will take it.

God rewards me instantly when you sin against me !!!

kaching !!!
another round buy sell done

again.
thanks for your money contribution and also your "days of your life"

its already approved for Sapura to rob Government of Malaysia to give Free Cash to Sapura shareholders.

btw
ps
pss
some of these generous Sapura Shareholders are actually giving their days of their life and their hard earned money as free cash to me daily... unbelievable !!!


Posted by Rowie > 16 seconds ago | Report Abuse

Have u guys figured out how Sapura coming out of this mess?

will be attending events with
David Kelly, Chief Global Strategist, J.P. Morgan Asset Management
Kristin Olson, Alternative Capital Markets Group Global Head, Goldman Sachs

but nothing beats getting FREE CASH from you fellers!!

:)

I am like the Sultan of Brunei,

whatever you want to donate to me, I will take it.

God rewards me instantly when you sin against me !!!

kaching !!!
another round buy sell done

again.
thanks for your money contribution and also your "days of your life"

kaching !!!
another round buy sell done

again.
thanks for your money contribution and also your "days of your life"

Make sure you speak to your mum tonite, who is crying.


God is merciful !!!
God is merciful yesterday today and tomorrow !!!
no mum to pray for you? too bad, it is what it is.

share price will shoot up tomorrow coz Suiyee Sucker Bilis loves companies with losses

its still the "Fog of Investing" unless Mgmt agrees to hold a Press Conference to explain everything...

no lah
wun go below 30 sen, based on facts of the case as known now.
the issue now is whether the facts of the case is actually correct????????

better luck tomorrow for those who want to buy
better luck tomorrow for those who want to sell

its nothing personal, nothing wrong with Malaysia

FF needs trillions USD to build Nvidia H100 AI engines.
the minimum small H100 AI engine costs USD250 million per pop
its the latest FF sparkling object.

once this global vacuum cleaner whirlpool is done, future funds of FF will find their way back to Malaysia.
But for now the Race is on !!!

They need lots of cash to start AI projects.

Promotion Failed !!!
obviously someone signed contract
took the money to paste info on Bus stops, public toilets, tenaga tiang and massage parlour
and will use up money for holiday to London using MAS
feller just got MAS quotation

end up even Mike🐁 also dunno

kindergarden maths
min
4% X 1 X 20 = 80%
max
4% X 4 X 20 = 320%

0.2 / 0.5 = 40%

where to find such a friend to teach you basic kindergarden maths?

God wants you to be rich !!
Only Satan wants you => 0.2 / 0.5 = 40%

its their money
its not your money



Posted by LubeTrader > 5 minutes ago | Report Abuse

Consider this: Armada, in spite of the profits, has not paid a single cent of dividend since 2016. So buy at ridiculously low price, otherwise forget it. Not chasing it upwards either. If it's your fortune, it's yours.

Posted by MoneyMakers > 13 hours ago | Report Abuse

AngTK What does [‘trend is ur friend’] consolidation mean??

Soo general - can explain more specific how to determine when [trend] consolidation start/end

P/s: ur dumb definitions always amuse me kikiki

sslee

what you are saying is
Malaysians silly to go UK so tickets cheap, huge volume going out.
UK people smart refuse come KL so tickets expensive, no volume coming back.

If not mistaken, Malaysians land London,
use chunnel enter Europe
and then spread out
fly back to Malaysia is always other cities like Paris, Rome, etc etc

thats how the MA dynamic ticket pricing engine works,
they had been using it for few years already.

sslee you must be abnormal compared to other Malaysians
:)

Kaching, kaching, kaching !!!
another round buy sell done

again.
thanks for your money contribution

this feller had got zero idea.
I purposely put singular.

1 month woooh,
as Bob said laugh die you.
:)
One of my lecturer in UM said, if like that so so so so slow slow slow ... like 1 month .... can never cari makan....

=> some people are just slow people, born to be slow ...

silly feller got nothing better to do.
wants to wait a month?

see example
when a Tenaga Power Substation explodes until copper melted, cement cracked and foundation steel bars bent.

=> Power is restored in 24 to 48 hours, why wait a month?

You are right.
Everything in the entire chain must be changed to new ones, including but not limited to cable clamps. Screws would also be current melted and welded tight.

even "overheard video cameras" if any, would also be fried to KFC brown.

you know the movie "Overheard - where concealed video cameras are used to do insider trading of listed shares" ?


Posted by LubeTrader > 11 minutes ago | Report Abuse

If only it's as simple as pressing the reset button they would have done it by now. I fear the worst, a major mechanical failure requiring total replacement of the transformers. Armada taking the opportunity of this downtime to conduct maintenance ahead of schedule is a smart thing to do.

btw investing.com would have given you that particular bearish engulfing candle as mentioned by rr88 also.

market sentiment for Armada is not only poor, its very poor.
somebody interested should check the short selling amount at BURSA.
frankly I dun give a damn anymore.

You are unable to realise that people dun think about you at all.
Its not all about you, thats why I always ignore your fake statements
=> Your mind cannot process info that nobody remembers you
In trauma thereof you claim people caught lying

bleh !!!

This feller always wants to win arguments
once you do this ... nobody tells you anything real in real life one
and you are forever just book theory ONLY

=> I just ignored him and he thought he won argument.
Always happens like this.
then he carries fake info around for years and years and thinks himself so grand encyclopedia.
while we are doing oil trading 24 hours.
Where got start 9/9:30 one? silly bugger
plus other things real life like trends ......... while he still remains book theory trends
we do REAL trends
:)

The reason oil futures is no longer that profitable now today is due to _____________

clock still ticking

I always use short form and yours is spelt out in caps
and you have become mo lai

Just do it.
Real life is different from theory

Theory is usually and always wrong
another example to show you
again First Republic Bank
the trading software generates the trend in picro-seconds for you to see.
Its there if you want to look at it.
If I had followed the trading software trend, I would have died long ago.

Nowadays, those trend analysis given free in software ... all tak bolih pakai one.
btw those trend were done from maths formula I gave tuition years ago Metropolitan College one....

did you or did you NOT ... understand the term 24 hour saturday and 24 hour sunday?
so what happens during normal working weekdays?

so it starts 9pm/9:30pm ?

so you must forgive me if I think that you are a silly bugger.... just book theory

:)

Actually I have no idea who you are

the minute you said 9pm/9:30pm I totally 100% wrote you off as a silly bugger way back then.
and completely forgotten everything

You are just book theory
Just do it and report back me
:)

PS
PSS
another licensed firm had also opened up 24 hours saturday and 24 hours sunday oil trading as well
been few years already
but of course again you have no idea since you are just theory



Posted by MoneyMakers > 2 minutes ago | Report Abuse

i3lurker Last yr u BS trade US oil futures 9.30pm everyday

Reality is US oil trading session starts 9pm

U dont even know oil futures trading hr - thats how I knew u BS

tell me
what formulas you use for trends?
No BS please
I already told you I gave tuition on ALL types of university level trend formulas.
FYI it was Metropolitan College at Subang Jaya, their marketing maths syllabus


again clock is ticking
dun BS and google the answer

clock is ticking
if you know the correct answer
I expect it within 7 seconds

otherwise you just BS and google for the answer

You might find it interesting that I once gave tuition to University maths students on marketing analysis which covers trends.
Weird formulas on trends
I was paid RM150 per hour, big money 20 years ago.


I can confirm that ....The human mind just sees the trend ... way before maths "sees" it


oil futures?
what BS?
I still do oil futures once a while now
but you appear to know nothing about oil futures.

The reason oil futures is no longer that profitable now today is due to _____________

Guess you have no idea why
:)

If you can fill in the blanks correctly then maybe you did do some oil futures trading yourself.

=> otherwise Bullshit is you....

In conclusion,
AngTayKor ‘trend is ur friend’ is a 100% correct statement.
There is zero need to define any trend coz it covers few seconds to 40 years aka infinity

ATK 2
MM 0

a trend is defined as "what you want it to be"

reason is becoz
example First Republic Bank again,
a trend actually starts and ends in just few seconds
you have no time to think further dy/dx fourier transform and other fancy tricks

for long term investors, a trend can span 40 years like Nestle, see it for yourself....

Conclusion => a Trend is what you want it to be.

AngTaykor

if mm stopped, please stop it yourself to be fair to him
otherwise this thingy will never ever end

please swap mistresses for the weekend or something.........

Confirmed => Decision path is uncertain

LHS
due to Saudi screaming and next OPEC meeting might be a huge rise in oil prices.
High probability of crude price increase
Still possible price increase.

RHS
If no Crude price increase asap
must be asap coz investors shaky now
and Armada market sentiment low, share might drift down or dive down.

I dun think anybody outside has any clear idea other than => Insider Trading again

Posted by RISK8888 > 1 minute ago | Report Abuse

What is action for tomorrow?

I had not analyzed financials in detail yet
prima facie from financial summary alone => Losses does look like normal fluctuations.

=> Somebody with a lot of shares just took advantage of those losses to short it. Everybody just panicked, and the rest is history.
=> This is a normal shark attack mode.

Thats just my personal opinion from "financial summary" without any evidence to support it.

should rest around this price coz nobody got any new leads.

Nobody really wants to sell this low
but its not attractive to buy

=>=> means temporary resting while whales and sharks scratch their balls.
will not be long though, becoz whales and sharks need activity.
=>=> no activity means no money
and air cond, rental, staff needs to be paid

its like banker player, either up or down when whales and sharks wake up.