A 7% price decrease to around 1.80 will more appropriately reflect this dilution.

As indicated earlier, MYEG has lost focus on its core business, trying to do everything that is hit chasing trends. They have 5-10 side businesses now, many of which do not contribute revenue, but just costs money.

If this PP is for, say, expansion of gov e services across asean governments into Philippines, Thailand, Indo etc. It will be a lot more well received.

MYEG’s announcement itself says that there’s a gestation period for this new PP to potential produce any earnings. So basically next 1-2 quarters or so, you will only see EPS dilution.

The 1.85 price in the PP is only indicative, final price is based on actual last 5 day VWAP on the price setting day after relevant approvals obtained.

It’s ok, company is a strong operator with high safety standards almost 100% lost time injury free.

As mentioned earlier this morning sentiment is a bit down. Price stagnant with downside bias. Chance to accumulate. Be patient.

Yup, agreed. But the morning session pulse will be negative. Then vaccine approval, stimulus will come back. It’s always oscillating between the two.

Sentiment turned sour again overnight. Headwinds expected tomorrow. Accumulate

MYEG is losing focus on its core business - government e-services.

Majority of the proceeds will be used for speculative purposes - venturing into healthcare services (that may not materialize). and a large amount of cash is expected to be spent.

Does not look too good in terms of use of proceeds.

To get around a contra force selling, should sell on T+2 and then immediately buy back the same amount at the same price (preferably), then you extend your holding power for another 2 days. Just need to transaction cost.

Touched 0.37 today. Pretty good.
I hope I saved some of you this morning from dumping at 0.34/0.345 due to contra force selling drag :)

FPSO fixed charter rates are the best and safest recovery play you can get.
It's better than airlines, hotels etc.
Why? because the company will get a fixed cashflow per day chartered for the vessels, regardless of oil price. Oil price only matters to the customer, if oil price is too low, say below US$30, it might not be economical to pump, so they might not be able to pay the company. But as long as oil price is stable above US$30, the cashflow will be strong and stable.

You don't get this with airlines, hotels. Cashflow is volatile depending on government policy.
How long can they burn balance sheet cash to survive?
That's why this is one of the star recovery stocks on a risk adjusted basis. Yinson too. but Yinson is a lot more illiquid.

US stimulus is getting close to being sealed. Trump has offered USD600 stimulus check which is what the democrats really want. Once the stimulus is approved, global stocks will shoot through the roof as it helps greatly with demand.

and I have just read the US FDA report in detail - it is indeed a A+ report card. It's even high effective after the first dose + works in critical covid conditions - two vast improvements over what was conservatively reported by pfizer earlier.

0.360 cleared, trending towards 0.38. Go in early!!!

Djia futures triple digit up now.

Force selling has been completed in the morning session. That’s what most brokerages do.

It’s now time to clear 0.360 and onwards to 0.380. Act fast!

Vaccine approval + consistency and resilience of fixed charter cash flow = very safe recovery stock with high potential growth in price.

The sell queue big blocks have all been cleared. It’s going to explode once hengyuan and petron speculators come in to pump it up. It’s time to buy fast.

Brent has strong support at US$48.50, and at this price, all of the company's clients have no problem paying the fixed charter cashflow.

Just look at the cashflow consistency of this company, throughout the worst times in the past 9 months at the height of the pandemic without vaccine hope, it has performed remarkably well operationally and generate strong cashflow.

Enjoy the ride in the afternoon. The earlier you go in the better!

We are trending towards 0.380 again, possibly by the end of today. To challenge the 0.380/385 resistance that will be broken with vaccine and stimulus news and move towards 0.425.

The afternoon wave will be even stronger, once more hedge fund managers has digested the importance of the FDA's A+ report card for pfizer vaccine. US+UK have the most stringent and highest healthcare standards in the world. This is the turning point of the pandemic history. Don't hesitate and miss the boat. Use some imagination on where the price will trend towards, and you'll realize it's all basic logic.

People's fear of coronavirus is rapidly evaporating globally, it's just a matter of time (4-6 months) before things go back to normal - and this is not even a maybe, it's pretty much guaranteed.

0.355 is cleared and queue will build up. 0.360 next. Really, enter the earlier the better, because we are looking at 0.40+ at the end of this week. Fast movers make the biggest kill.

Look at the fundamentals, look at the business model, look at the cashflow, look at the stock liquidity. This is one of the best and safest recovery stocks to bet on for the next 6 months. And catalyst to push it up higher is just around the corner.

If you wait until FDA approves the vaccine and after stimulus is announced, you are likely too late in market timing. Everything now is about expectations, move before everyone else to make the supernormal profits!

force selling already done at 9am-11am. It's quite obvious some manipulators intentionally remove 5-10m buy bid from queue just to create panic and shake out weakholders, and then now pushing hard for the price to go back up.

Trump has made a US$916 billion stimulus offer (which has been okayed by the republican senators) to the democrats, this will be the next push together with the FDA approval end of this week. Don't miss the boat!!

Last chance to enter at 0.355 before strong rally from the petron and hengyuan boys ;)

Just basic logic, the coronavirus vaccine approval is going to change the world and everything will resume back to normal by June 2021. Armada will continue to generate strong fixed charter cashflow, and continue paring down its debt. Oil demand will only get stronger and stronger and more and more people get vaccinated.

Plus the window dressing effect of Dec.

This is a high potential and safe recovery bet. Yinson too, but Yinson is much less liquid.

0.355 cleared, 0.360 next.

0.355 and 0.360 can be eaten up very fast, and 0.365+ will be easy kills. It's going to rally.

Block for 0.350 cleared ;) breakout volume soon 0.355 and above

It's completely against logic that last night the FDA validated Pfizer's vaccine and every single regional market has gone up, except O&G stocks in Malaysia. Someone is trying to manipulate the market to shake out weak holders, and then buy strongly to push it back up.

If we all queue up for 0.345 and clear the block for 0.350, together we'll shake the manipulator ;)

Contra force selling all done. The selling has stopped, queue for 0.345 will start to build and 0.350 will clear once the Hengyuan and Petron speculators switch to Armada ;)

Once 0.35's block is cleared, the price will breakout back to uptrend, in line with expected vaccine approval end of this week, and stimulus by the end of this month.

Armada will continue to generate a fixed chartered cashflow over the next 6 months regardless of what oil price is, the only difference is sentiment that is affecting the share price.

It's quite a simple and safe recovery stock to bet on, compared to say, Airasia where cashflow is volatile.

Weak holders shaken out at 0.340. Waiting for more weak holders to see at 0.345, next will gobble up 0.350. ;)

The first hour today is mostly forced selling from contra players from last Friday. Once this is cleared, the push will come. Get in quick it’s all about timing.

FDA released A+ report card for Pfizer vaccine. Approval is almost confirmed by the end of this week. US stimulus is also a sure thing that will happen before year end.

Just buy and hold.

It's been a while guys.
US vaccine approval + US$900plus billion stimulus this week.
All near term headwinds are just temporary - this is the best time to enter on short term weakness and ride the gains.

With Brent at US$16, all clients of BA cannot breakeven costs. If this is only for a month or 2, then maybe it’s fine, but any longer than that, default will start to happen.

Anything below $35 Brent price is very risky for BA due to contract termination risk. It’s a binary risk. Any substantial contract termination will lead to a massive gap down.

Not to say that there’s no chance of a strong rebound. Just not now. Patience.

Not yet time to re enter.

Wait for more shale bankruptcy for natural output cut to coincide with coronavirus fading for oil demand improvement.

Before that, at current oil price, contract cancellation and default risk is there.

Opportunity for a risk adjusted strong rebound is there. Patience.

The implication is Enquest’s cash flow is weakening with Thistle, Heather and Magnus offline, and remaining production selling at half price. Cost cuts, capex cuts and stretching payables are inevitable, with higher counterparts default risk for BA.

Now is not the time to dabble in O&G yet, as SuperPanda has mentioned. Not until Covid eases and Saudi stops the oil price war for longer term recovery. If you’re betting both of these will resolve shortly, then by all means, go in now. Otherwise, hold and observe.

https://www.energyvoice.com/coronavirus/230440/breaking-multiple-covid-19-cases-quarantined-on-enquest-magnus-platform/

For what it’s worth, I’m still holding and holding tight.

It’s sad that this forum has deteriorated and stooped to this level of gibberish. I have decided that it’s not useful to me anymore in anyway and I will stop posting as it’s just a waste of time.

This will be my last post.

Goodluck all!

It’s not “confirmed” out on 27 Feb.
It is “scheduled to be out”.

There’s a difference.

IK, Jonathan just reiterated to me now that the estimated release date is 27 February, Thursday.
When did you get the info about Friday from Jonathan?

---

InvestorKING

Feb 25, 2020 12:40 PM | Report Abuse

Jonathan said this Friday quarter report being released

Strongest quarter core net profit is coming.

Transacted another 2.3m shares today.
Goodluck all.

Ringgit is weakening while KLCI is up.
Obviously local funds are buying while foreign funds are selling.

Strongly recommend you to sell bullrun1985 and have peace of mind

Just ignore gibberish on this forum and stop giving them attention that they crave.
It will eventually stop when they get bored.

DJIA futures bounced back more than 200 points.
Oil price also rebounding.
KLCI also rebounding from oversold.

Doesn't anyone realize that the new coronavirus cases in China and number of death, the growth engine of the world has reduced substantially these few days? The media is obviously more focused on reporting on South Korea, Iran and Italy because they generates more views. Stable and improving situation in China = less fear = less viewers.

Also, the political situation in Malaysia affects more domestic demand oriented companies - think fo your telcos, banks, consumers, constructions, alcohol and gaming sectors. These sectors face a lot of uncertainties because they depend a lot of government policies and local consumers.

Sectors like oil and gas, gloves, plantation stocks etc. that either derive revenue from overseas or exports overseas are relatively immune to any domestic political shocks. Especially companies like Armada where all the FPSOs are overseas earning USD. It doesn't matter whether Mahathir or Anwar or Azmin or Hishamuddin or whoever becomes PM. It doesn't matter if oil price is around US$60 or US$50 or US$40 (the breakeven cost for Kraken's production is around US$20+ ,as long as oil price is above this amout, it is economically feasible to continue production, and Armada will continue to earn the fixed charter rate).

Bumi Armada's cashflow will still be strong, recurring and stable.

Amongst the O&G companies, I would say FPSO guys are the best to invest now as a defensive move as their revenue is relatively immune to volatilities. That means companies like Yinson and Armada.

For me, Yinson is currently priced at a premium because they have much better leverage levels than Armada. While Armada is being punished although things have improved so much compared to 2 years ago.

So make your own call on what to do. It's your money.

Can we please use this forum for more useful things like useful analysis, thoughts, data etc relating to Bumi Armada?

And not these:

1) Personal attacks
2) Questions about other people's holding or other people's intention. No one gives a rat's ass
3) Rumour spreading and speculation without substantiation or data

Ya ok holachico don't need to keep repeating your allegations.

Why would you pay commission in the first place?

For insider information - you said.

Paying commission to get insider information and then trade on insider information - that is illegal and you could go to jail for it.

So no need to repeat on this forum and broadcast your illegal action of paying commission to trade on insider information.

Just make a police report and then they will investigate.

Whoever is wrong will go to jail. Period.

IK - you checked with Jonathan?

I checked with him last week and he told me it's scheduled to be 27 Feb Thursday but timing unconfirmed.

So now it's 28 Feb?