Ok guys, thanks! Another question is, how effective is it to use P/E ratio as a guidance for investing in Malaysia? Most online examples are for US markets and don't seem applicable here. So like for Ekovest the P/E is 10...in local terms is this low, avg or high? What's the avg/normal P/E ratio for the Malaysian construction sector?

Which brings the question, why is the baseline for 23 Feb quoted at RM1.10 rather than RM1.20, which was the closing price for Feb 22? Is it always we need to make adjustments based on dividends paid, or only for special dividend? It's very hard to find info on this.

0411, why would the bonus dividend factor in into the calculation of the stock price post split? Before split it was RM3, so become RM1.20 post split. Why do you say must minus off the RM0.25 as well?

With regards to EPS calculation, it shows as 4.80. Is this taking into account the latest O/S? What about previous quarters? Is the EPS taking the latest O/S or the previous O/S? How comparable are EPS across quarters when stock splits occur?

Guys please I ask before and will ask again. Was dividend of RM0.25 paid pre or post split? Meaning, if someone held 2000 shares before the split and 5000 shares after the split, does he get RM0.25 for 2000 or 5000 shares?

lol spinninglotus, barring any unmitigated disaster, armada share price will not breach 0.65 again, possibly not even 0.70. shows how little understanding you have of the fundamental factors at play

Do we know which day the Q4 results drop? And usually is it in morning or evening? What time?

So is RM3 final, or more possible? What if stock price hits RM3.5?

Results if bad will have a drop in price, sure...but it will be almost immediately corrected with announcement of Madura getting first oil in the next couple of weeks. Plus, we have to view that during the Q4 results they may announce some upcoming projects or extensions.

Simply put, if you are a trader/speculator, don't listen to me. But if you are an investor and bought Armada <70 sen, just hold it. RM1 minimum by year's end. That is a 43% return.

Guys, on 23 Feb 2017 Ekovest declared a Stock Split of 5:2 and a special dividend of RM0.25 (ex date of 23 Feb 2017). Some questions:

1) Assuming a stock was at RM4.00 the day before a 5:2 split, does it mean on the following day it will automatically open at RM4.00 * 2/5 = RM1.60?

2) For the special dividend of RM0.25 for Ekovest, is it paid to those who held the Ekovest stock at the previous price (~RM2.90) or those who hold the share on this very day at RM1.16?

Also, the RM0.25 dividend...is it for those who held the share at the earlier price of ~RM2.90 or those who hold it on today's price of RM1.16? What is the dividend yield in % terms?

Guys, how does stock split 5:2 work? Will this mean if price is RM4, automatically it will adjust to RM4*(2/5) = RM1.60? Or is the price movement solely be determined by the market?

Will this cause the share price to drop?

NEWS: International offshore energy facilities and services provider Bumi Armada said Indian tycoon Shapoorji Pallonji Mistry has resigned from its board as a non-executive and non-independent director, citing other commitments.

Shauns, "4 future projects" - two have been fully completed and operational (Angola and Malta). Madura/Indonesia is silent with full operations announcement expected within the next month and Kraken/North Sea is done midway.

@Stanley Sim stop it with your charts lah. The are wrong as often as they're correct, if not more wrong than right. Invest based on fundamentals, though you can always use charts to identify prospective investments

If it hits 0,82 tomorrow I may dump the stock and repurchase at 0.75 or below

Wow Madura first oil can be any day and you guys still sell. Just SJWs how most people main main with stocks, not do research and invest based on fundamentals.

Guys you all don't look at the actual upside/downside of the company, just main bantai only.

My fellow friends, when does BAB Q4 report come out?

I will also say this, unless you are a trader (meaning, you are an actual investor) do not fret over the daily fluctuations in share value. If you truly believe that BAB has a number of upsides and no major downside, keep the stock until the upsides are priced in at the very least. Along the way to whatever TP you have in mind, be it RM0.80, or 0.92, or 1.15, or 1.40...the share will drop in value on some days. It is totally normal. So yeah, just look at the bigger picture. Don't care about all those nonsense graphing analysis, they are only right until they are wrong.

My goal is still just RM0.80 by June, then RM1.00 by year's end. Of course, will be amazing to hit RM1.20 or even RM1.40, but those won't be easy.

Upsides priced in: Malta LNG begins operations in Jan, Angola first oil in Feb, and Kraken hook up in Feb

Near term upsides not yet priced in: Madura first oil by March, Kraken first oil by April

Long term upsides:

- Return to overall profitability by Q2 as Malta and Angola will be fully on line, possibly Madura as well. Kraken will be online partway through Q2.

- Also return to profitability for Armada Perkasa and Perdana in Nigeria which weren't being paid by the clients last year due to bleak oil prices.

- Compensation from Armada Claire, possibly a minimum of RM250mil

Bonus upsides:

- New projects secured, at least one major FPSO and one minor/JV FPSO or FGS

- Due to challenging 2015 and 2016, Bumi Armada may have trimmed fat that would show in 2017 finances. Also maybe better utilization/optimization of OSVs and OMS services

-------------------------

If all the above are hit we can think of ending the year at RM1.40. If most are hit we can think of RM1.00 - RM1.20. If only the basic upsides are hit we should be at RM0.90 - RM1.00

tp 1.20, insyaallah

Weng77, it takes about 2 months for hook up assuming there are no issues. So April 17 is possible, but leaves no room for error. Weather needs to hold up perfectly for example. 3 months is a more conservative timeline to complete a hookup. If there are major issues can even take more than that.

Armada Kraken has landed on the Kraken fields in the North Sea!

Walao eh...Bumi Armada two years so suey, now all in quick succession is good news.

https://www.marinetraffic.com/en/ais/home/centerx:1.3/centery:59.9/zoom:15

Guys wait lah...why run so fast? The news about Olombendo first oil isn't even in local papers and Bumi still hasn't make any official announcement. Same with Kraken reaching the oil field either today or tomorrow.

Bad news:

1) Loss of revenue from Armada Perkasa and Perdana due to issue with the clients
2) Armada Claire contract terminated
3) Delays with implementing new projects and needing to pay compensation to clients for that

Why is this stock bullish? Got strong fundamentals, or people just main tembak only?

Sheep if you do your research, these are all overdue good news. For the entire 2015-2016, Bumi Armada's hopes rested on the 4 projects. Malta operational in January, Angola operational in February, Kraken looks like it will be operational in April, while there seems to be a lack of public info on their Madura project.

For the past 2 years Bumi Armada hasn't obtained any new projects, there is a high possibility they win one or two major projects this year.

Another potential upside is the litigation with regards to Armada Claire. I think they could well get US$80mil, which is about RM250mil.

Bumi Armada in the past 2 years has been hampered by bad news after bad news...if things just go OK for the next one year...they could reclaim some of their former glory and double their market cap at the very least, maybe even surpass RM10bil once more.

Guys, what are the potential downsides to Bumi Armada (aside from terrible Q4)? It seems suspicious that the stock value has been depressed for so long. Maybe the big fund managers know something we don't? Simple analysis tells me RM1 shouldn't be difficult at all for the year, which is some 50%+ returns...but yet for the past few months this counter has been relatively stagnant.

I don't think Bumi Armada is an oil proxy in a direct sense lah...it depends on the delivery of the FPSO, that's the important thing. And winning more contracts. High oil price but no end results, no use also.

Anyone knows the expected quarterly revenue for all 4 Bumi Armada's new projects? Namely, FGS in Malta, and FPSO in Angola, Indonesia and North Sea? Doing some rough estimation on my part, it seems like it could go back to the glorious days of 2013-2014!

Well, that's further upside then! Another possible upside is also court settlement from the Armada Claire contract, but so far it's been silent on that front. Yet another upside is from the Texan/American subsidiary that Bumi Armada recently formed. So yeah, lot's of good things to look forward to! Let's hope the worst of Armada is behind us.

After this, does anyone know if Bumi Armada has anymore outstanding projects? Or is Kraken and Sterling III the last in their order Book?

@weng77, I don't see Bumi Armada being mentioned anywhere. It would be foolish to draw premature conclusions from that report.

Guys, let's be logical. Upsides:

1) Angola first oil hit one month before latest expectation

2) Armada Kraken has left Rotterdam for North Sea oilfield moments ago

3) Malta Floating Gas facility went live in January (positive that never got priced in)

Downsides? Terrible, wretched Q4 report that possibly has already been priced in. I don't believe the share price will go below 0.65 anymore. When Q4 report is out there will be a temporary drop for sure, but from then we're green baby!

Looking at it, I feel like Bumi Armada, if there are no unforeseen negative scenarios, should exceed market cap of RM10bil next year. By end of this year, doubling of share price to RM1.20 is very realistic.

The beauty about this company is it has got 3 major projects coming on live almost the same time in Angola, North Sea and Indonesia. Fingers crossed and we shall see the share price triple by end of 2018.