son keep going up. perhaps will reach 8 cts

3 yrs ago Armada was privatized at RM10. what is the difference between armada at that time and now/

any armada expert can assist.TQ

hahaha

hahaha, nice comedy

chgkl - what is the difference between armada about 3 yrs ago when the share was privatized at about rm10 Vs now? all good then?

Transporter, are u a staff of armada or know people there?

Posted by Transporter > Sep 9, 2015 04:18 PM | Report Abuse

VSS on the 15th! :)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4863057

holly cow
credit suizze stake increase to 10.8%/ 153m shares

can warrant up another 7% today?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4862013

warrant up another 7%, lol

hope kaf can be privatized at higher price

KA need 90% to delist KAF

8.9.2015

OSK ended up with 89.36% of PJD, hence falling short of the required acceptance level to take the company off Bursa Malaysia.

OSK had 31.03% when it made the offer for PJD’s shares and warrants at RM1.56 and 60 sen each, respectively.

Under the takeover regulations, an offeror needs an acceptance of 90% of the shares that it does not own at the point of making the offer to compulsorily acquire the remaining equity in the company.

For OSK to reach this level, it needed about 93% of total shareholders’ acceptance.

PJD’s public shareholding spread based on the valid acceptances verified and received by the registrar for the takeover offer by OSK yesterday was 10.62%.

However, PJD did not comply with the public shareholding spread requirement of the Main Market listing requirements, which states that at least 25% of its total listed shares (excluding treasury shares) must be owned by public shareholders.

MIDF Research in its recent report opined that the PJD acquisition and the takeover offer were beneficial to OSK and in line with its business strategy to diversify into property development, construction, manufacturing and the trading of cables and building materials, as well as the hotel and leisure business.

MIDF said based on the offer document, it was not the intention of OSK to privatise PJD, unless sufficient valid acceptances were obtained to invoke the compulsory acquisitions as set out in the document.

The trading of OSK Property Holdings Bhd (OSK Prop) will be suspended effective 9am on Oct 22, as its public shareholding spread fell below the 25% requirement set by Bursa Securities.

OSK Prop declared its suspension yesterday in a filing with the stock exchange after its public shareholding only stood at 5.92%.

The group must ensure that at least 25% of its shares are in the hands of public shareholders for Bursa Securities to lift the suspension.

The buyout deals of OSK Prop and PJD had been declared by OSK Holdings chief executive officer and group managing director Tan Sri Ong Leong Huat (pic) last October, as part of his grand plan of creating a mega property company.

It was reported that the offer prices for OSK Prop and PJD shares were 11.9% and 10.1% below what they were trading at.

The buyout price for PJD shares was also at a significant 37% discount to its net asset value per share. The proposed buyout, in which minorities are being offered shares in OSK Holdings or a cash option, naturally sent the shares of OSK Prop and PJD falling, after a notable run-up just weeks before.

If the merger materialises, then the mega property company would have an asset size of RM6bil, shareholders’ funds of RM4.9bil, and a recurring net income of some RM386mil, which is expected to grow to RM410mil in financial year 2015.

hahaha

warrant is surging another 8%, lol
from the pits

sign of accumulation of warrants past few days

Few scenarios credit suizze or others will not opt out are

1. good QA assets

2. share price above 50cts

3. oil price recover to above usd55

I am wondering what is credit suizze game plan.
are they investing for themselves or for 3rd party?

QA soon? with resurging warrant

0430/0435

sales is going down but debts still high

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4858137

credit suisse 148m/10.5%

Thanks for the info. chgkl

chgkl, u work in armada bfore. know the company info so well
at 50ct can buy?

don't understand why AA is getting USD loan for aircraft financing when their business income in local currencies

back to the price of 10 yrs ago
3.0 can buy liao

credit suisse increase stake to 10.36% to 146m

BENGALURU (Sept 1): Oil prices have fallen too far, too fast and should recover gradually over the next year as supply growth slows and demand recovers, a Reuters poll showed on Tuesday.

Benchmark North Sea Brent crude is likely to average $62.30 a barrel in 2016, up from an average so far this year of around $57.60, the monthly survey of 30 analysts said.

U.S. crude is seen averaging $57.00 a barrel next year, the poll showed.

That is a big cut in forecasts since the last oil price poll conducted at the end of July, which projected Brent would average $69.00 next year and U.S. crude would average $63.80.

Global oil markets have fallen by a third since May and are still well under half their value a year ago thanks to a huge oversupply of fuel and sluggish demand. Worries over China's economy have compounded the falls in recent weeks.

But analysts say much lower oil prices over the last few months have stimulated more demand for fuel in many parts of the world, particularly in the United States and the Middle East, and oil production growth has also started to fall.

This will help balance the market and should feed through to higher prices in the coming months, they say.

"We see oil prices gaining momentum next year, especially by the second half, ending up 2016 roughly 10 percent higher than 2015," Raymond James analyst Pavel Molchanov said.

Hans van Cleef, at ABN Amro in Amsterdam, agreed:

"The market will start to realise soon that it may have pushed oil prices too low too fast. An upward correction could therefore be seen soon," Van Cleef said. "Oil prices could start to pick up at a moderate pace."

For 2015, the Reuters poll forecast an average Brent price of $57.40 a barrel. For that to be realised, Brent will have to rebound sharply over the next four months, something many analysts see as possible.

Oil prices hit 6-1/2-year lows last week but rallied towards the weekend, taking Brent to $50 a barrel.

Of the 27 analysts who participated in both the latest poll and that for July, 18 cut their 2015 forecasts, while nine kept them unchanged. None raised their forecasts for Brent.

Credit Suisse had the highest 2015 and 2016 forecasts for Brent at $62.90 and $76 a barrel, respectively. Natixis had the lowest Brent 2015 view at $51.90.

Log in to post comments.

→ Click here for more positions
http://www.theedgemarkets.com/my/article/oil-prices-recover-2016-reuters-poll

I just don't understand how come armada has so much problem vs yinson.
how come yinson bought from olsen, has no problem

did armada report vessels utilization rates?

UMWOG was transparent in their latest quarter reporting. that was good to know actual situation

somehow, I didn't read any news on the utilization rate in armada tday financial report. those FPSO are huge cost...

keep u guys in the dark

Posted by nice1 > Aug 28, 2015 06:53 AM | Report Abuse X
can anyone help to explain

Armada vs Yinson

why armada is doing so badly while yinson is doing well? any difference in business model?

share price for yinson is well supported vs armada fell from cliff?

can anyone explain? any oil analyst and those from oil & gas to explain. tq

can anyone help to explain

Armada vs Yinson

why armada is doing so badly while yinson is doing well? any difference in business model?

share price for yinson is well supported vs armada fell from cliff?

can anyone explain? any oil analyst and those from oil & gas to explain. tq

some insiders already mentioned last year in this forum, that armanda has big big problems in some projects in africa and huge cost overrun. problems not easy to solve until the ceo also fired, though he resigned lar

now, easily more than 6 months later, when all seems ok, suddenly the bombshell exploded

why didnt the provided the losses then?

so another waterfall tmrow

if there is another round of selloff, would be in sept when fomc may increase interest rate

if he cant help advise a small outfit like sona to do well and bring good returns to stakeholders, what can he contribute to the country?

is TF still a billionaire? or already drop from the elite group

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4844061

credit suisse, buys sona almost everyday
now, 132m, 9.3%
by end of month can reach 10%

3Q result is going to be worst than 2Q

blackul66, at what is you are interested in this?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4844261

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4844557

EPS for 2Q dropped 0.21 (half year EPS 1.69 Vs preceding year 5.27)

Whole year EPS likely around 3 cts or lower, 70% down from last year
Next year, can be worst if oil price remain low, even losses

brace for bad period

GEORGE TOWN (Aug 25): UMW Oil & Gas Corp Bhd (UMW-OG) ( Financial Dashboard) saw its net profit plunge 92.6% to RM4.46 million or 0.21 sen per share for the second quarter ended June 30, 2015 (2QFY15), from RM60.31 million or 2.79 sen per share a year ago, on lower contributions from both the drilling services and oilfield services segments.

Revenue for 2QFY15 dropped 23.2% to RM183.37 million, from RM238.78 million in 2QFY14. Overseas operations contributed 50.5% to the group's revenue in 2QFY15.

In a filing with Bursa Malaysia today, UMW-OG said 94.8% of the group’s overall revenue was derived from the drilling services segment in 2QFY15, which was a decline of RM53.4 million or 23.5% over 2QFY14.

“The reduction was due to lower time charter rates, lower utilisation of some of our assets in 2QFY15, and translation gains from the appreciation of the US dollar to the ringgit,” it said.

The decrease was also due to additional operating expenses from its new offshore premium jack-up rig, UMW NAGA 7, which has yet to secure a contract.

In the oilfield services segment, reduced revenue was recorded from the oil country tubular goods (OCTG) threading and repair services operations in Labuan and China.

For the cumulative six months (1HFY15), UMW-OG posted a 67.9% decline in net profit to RM36.61 million, from RM113.99 million in 1HFY14.

Revenue for 1HFY15, however, rose 14.2% to RM495.87 million, from RM434.35 million in 1HFY14, on improved revenue contributions from the drilling services segment. Overseas operations contributed 58.7% to the group's revenue for the six-month period.

Going forward, UMW-OG warned its performance for the financial year ending Dec 31, 2015 (FY15) will be adversely affected by current low oil prices.

It noted that the financial performance of the drilling services segment for the remaining period of 2015 is expected to be significantly affected, in terms of revenue and profit.

"With oil prices remain[ing] low and showing little sign of recovery in the near future, major oil and gas companies continue to trim drilling budgets and postpone drilling plans. Time charter rates remain under pressure in a highly competitive environment, where rig supply far outnumbered demand.

"Rigs utilisation for the remaining period is expected to deteriorate further, as more rigs are completing their existing contracts," it added.

The performance of the oilfield services segment is also likely to be negatively affected by the current oil price cycle, as demand for OCTG threading and repair services is expected to decline in 2HFY15.

UMW-OG shares rose one sen or 1.11% to close at 91 sen today, giving it a market capitalisation of RM1.94 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
http://www.theedgemarkets.com/my/article/umw-oil-gas-warns-low-oil-price-impact-fy15-performance

Prospects of The Coming Year
The Group is currently assessing and reviewing potential assets which is nearing the advance stage of finalisation. Under the current oil price environment, despite weakening in Ringgit Malaysia value, the Board is confident to reach the final decision on qualifying acquisition within the stipulated time frame.

wow, Sona, the King of Stock

all oil and gas counters down badly
buyer cleared 4.9m at 43cts

my concerns is SKP has rm17b debts, 2 yrs of slow business can bring huge cashflow problems

anyone can check the balance sheet and give more analysis

a rig is almost similar price to a boeing jet 737

how much one rig cost?

any analyst here can help on this? any sifu here

Posted by nice1 > Aug 23, 2015 09:35 AM | Report Abuse X

if oil price remain low for 2 yrs till 2016, slow business, can SKP balance sheet take the beating? total debts about RM17b

cashflows? can pay debtors? downsizing? right issue?

if oil price remain low for 2 yrs till 2016, slow business, can SKP balance sheet take the beating?

cashflows? can pay debtors? downsizing? right issue?

if is true a proxy, then that is good

why he needs to take another 8% with credit suizze and still adding when he is already sharing 20% and warrants too that need another 100m conversion

just don't make sense lar

perhaps friendly parties more appropriate

what about alam marintine?