Litigation in the Supreme Court of Western Australia between Armada Balnaves Pte Ltd and Woodside Energy Julimar Pty Ltd
BUMI ARMADA BERHAD

Type Announcement
Subject OTHERS
Description Litigation in the Supreme Court of Western Australia between Armada Balnaves Pte Ltd and Woodside Energy Julimar Pty Ltd
The previous announcements made on 4 March 2016, 8 March 2016, 11 March 2016, 14 March 2016, 21 April 2016 and 21 January 2020 respectively by Bumi Armada Berhad (“Bumi Armada”) on the above matter refers.

In the announcement made on 21 January 2020, it was stated that, “Any appeal is to be lodged by 14 February 2020”. Bumi Armada wishes to clarify that any appeal is to be lodged within 21 days after the date of the final orders and not from the date of the judgement issued by the Supreme Court on 24 January 2020. The final orders are expected to be issued by 7 February 2020, however it may take longer if there is dispute between the parties as to the form of the orders.

Bumi Armada is currently reviewing the judgment and considering possible grounds of appeal. Bumi Armada will provide updates from time to time on any further material developments on this matter.



This announcement is dated 31 January 2020.

scammer alert! scammer alert! scammer alert!
RJ87 When in doubt, give this a read again....

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%).
2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

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)

These are no scam. Go read the blardy Quarter Report

run sell fast

tan sri m orders,and only have one objectif here!

scammers come pao armada, we want to let you try

big mouth talk big right?

you want to pao armada? keep on doing it, later dun get pao by us!

hehehehe

too many scammer here in armada

spinninglotus, do not lurke into armada anus, smells bad. lurke into those scammers anus better.