armada is a very high risk company to invest, revenue jz ytd rm1555mil, profit rm295mil, borrowings rm9879mil, how many years they need to work to repay those hugh debts?
high cost! low margin! litigation case!

sell run fast, and never come back for the next 5years!
heima why not just sell and leave. better spend time on other potential stock.
27/02/2020 11:40 AM

no need to fk armada, just see those monkey ,come and do the show! there is a new circus in town!
john1102 fk armada
27/02/2020 11:40 AM

thanks for your great info GGecko!
GGecko welcome to Malaysia's business world, both public & private cos, where related-party deals n transactions are deemed as norm rather than exception. above board deals are really scarce thing.
27/02/2020 11:42 AM

armada is going to holland with this kaki pao scammers in armada! pao? pao my foot into your throat conman rj87

helloooooooooooooo dumbfuxkk conman rj87

RJ87 Incorrect...Armada's Gross Profit will continue to flow in generating almost RM1Bil in cash from operation before changes in working capital and RM500mil net cash (Not trade receivables like ARBB with negative net cash of 40mil with 35mil "profit"). That's not gonna change if RJ sold or Jameswong66 bought.

But if cash generation continue to strengthen; RJ would be an idiot to have sold at 70-80sen to Jameswong66 if performance continue to improve. The right strategy to exit is when market over values Armada's future earnings. E.g Yinson's PE at 30. Armada PE30 at EPS 6sen per annum; that's RM1.80. I will a hypocrite to not call Armada overpriced if it's RM1.80 if EPS doesn't grow to 8sen or 12 sen.

Get educated on difference between orderbook and MOU. MOU song song can mutually terminate (just like ARBB - last quarter song song terminate USD220mil worth of MoU). Armada's SA and Orderbook? You get sued if u conveniently terminate. That's the USD275mil Armada suing Woodside.

FPO/OMS is better investment bcos 1) The customers are international. 2) Clear revenue visibility from orderbook. 3) Charter rate does not directly affected by oil price.

Remember...get yourself educated. Know what and why you buy!
Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit.
A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?

Here's the comparison between Armada and Yinson.

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%).
Q3,2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

After Short Term Debt conversion to Long Term Debts
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)

=================================================================
hsltee they 0.375 numbers are just all numbers, mostly you know who play with this numbers, once they earn from these numbers, sell off. shares price will drop
26/02/2020 5:24 PM

with this revenue 100% sure win? buy all in? or still cover up your conman arse with your money your call?

happy everyone in armada? if not the show must go on!