Where is the exact statement on that conversion closing? I do not believe there is a closing date for that.

And the exact figure of subscription is 1,429,705,325 ICPS, oversubscribed by 41%.

If there is such thing as closing date, I hope it's alot later.
Else, the price is gonna tank ALOTTTT faster. Bcos, the owner of 1.2Billion share didn't subscribe to have his money burned. They will convert. And probably will quickly convert and sell it off at any price as long it's still above 20sens.

This conversion and selling will only stop when price dropped to 20sen. Only then, there is no reason to foot that 20sen to convert.

Btw, currently, PA is selling at 11sen. That's a whopping 1000% return. If they can sell PA; they will sell that first. But they won't tank the price too quick. Release bit by bit.

Subscribers pays 1sen to the company amounting 140mil. If the whole of the ICPS is taken up by the market; at 10sen, market will pay 1.4Bil to the subscribers. The questions is why market wants to foot that 1.4Bil buying at 1000% premium? And if the whole of 1.4Bil converted, the company raise additional RM280mil. When everything is converted, and for the price to maintain, the market cap would be RM420-450mil market cap.

RM400-450mil market cap; we should be looking at something like RM50mil revenue and RM10mil profit.

Sooo, very likely, price will drop price if ARBB miss the expectation. Bcos current revenue and profit is not worth RM420mil - Rm450mil market cap. Arguably; out of RM450mil; they have RM294mil cash which kinda attractive if Dato's didn't squirrel and squander it off.

On the flip side, if the whole of RM294mil is well invested and generates revenue for 60mil and 15mil profit; I will fair ARBB at 55-60sen. Entry of 33sen might seem great. However, the real opportunity lies at buying PA. Only risk 12sen instead of 33sen. And the REAAAALLLLLL opportunity was last year Dec subscribing PA. 1sen and sell 11sen. But that's not for everyone.

Now learn what's the opportunity. Don't simply punt.
Read....read and readdddddd. Find out what it actually means.
In the market; the opportunity lies in the devils in details.

And if Maybank made a better assessment on Armada, they would already made (TP20 vs Current 49sen), whopping 225% return. Instead, they choose to punt for Yinson hoping for 43% return that yet to materialize.

RM9.45 seems quite a long way. Market cap growth from 7.264B to 10.38B on the of 400mil a quarter revenue and 40-50mil profit. I wonder who wrote that shit. For Armada, 2B market cap growth will translate into 80sen, a 70% growth from current price. RM600-700mil Revenue with 60-80mil profit.

Relatively, they do appear like an idiot. =D

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=756083&bb=770333

That was in June.

"Many challenges to address ahead. It needs to optimize its cost structure,
downsize headcount, lift asset utilization and monetize some of its floating
assets. "

By Oct,

1) Optimized Cost - Check
2) Downside headcount - Check (Fired 5 tech leads, improve efficiency by 34%)
3) Lift asset utilization - Check (increase OSV utilization)
4) Monetize floating assets - Check (sold Perdana)

I don't know what you guys; I quite like this CEO.

I think it's about time he pull the impairment reversal within this 2 quarters. Turn his 35mil shares from 22sen to 80sen and make himself a handsome RM20mil dollar bonus all in less than 2 years. This is what you get when the CEO has some meat in the game.

Today no show...

EPF buy and sell creates new support.

Only IB have power to push the price up to new support. Next stop. 55sen before blowing pass 60sen.

i regret didn't sell on QR announcement. Thought will have action; waited for another 2 days before selling all. Avg price 0.349 sold everything at 0.36 instead of 0.38. That's a whopping 8k difference.

Well, the PA dilution too strong, market isn't having such appetite.

Buy later if higher price nvm, at I know everything is settled in. And if still MOU MOU MOU, then no need la.

Post removed.Why?

I know right Ncm88...

I have been using my same account for past 3 years. This monkeys came out of nowhere makes funny accusation here and there.

Apa yg sy buat tak tau sebenarnya? I tak pernah pon komen pasal u org.

u masuk 39sen; jatuh 33sen tiada kena mengena dgn sy le. Tunggu PA habis convert dulu baru beli. Tak payah tergesa-gesa. Nak jual dulu boleh. Tunggu rendah ckit.

Numbers of shares bertambah hari-hari. Mau rebound susah.

spesis beruk baru.

jaguhbandar, gagahperkasa, muslimfirst, baharunsham

Apahal dgn korang ini, kenapa buka account baru untuk menyalak dlm ARBB?

kenapa korang ini marah2? Tolong update ckit. Thanks.

apa hal dengan u org ini? Update sy ckit.

Post removed.Why?

Prospect ARBB kurang jelas. Mmg die MAU invest dlm IOT and solar; and etc. Most of them dlm MOU. klu ade, ade la. Takde, takde la. Itu tak penting. Yang penting, kita assess prospect die pada orderbook sedia dlm 18 bulan. 7-10mil profit. EPS3-4 sen skrg. Selepas 800mil share itu di convert; akan dilute jadi EPS 0.75-1sen. Kata setahun EPS4, PE 10 adalah 40sen.

PE10 quite undervalue. Tp, EPS3 jatuh jadi EPS1, market mungkin tak suka. Lebih elok, tunggu habis tukar baru beli balik. Beli skrg, nnt nak jual, kena compete dgn yg convert dan jual. Setiap kali naik ckit; ramai akan convert jual. Seller lebih banyak dr buyer selalu. Harga susah naik.

Yg akan tipu you, Dato cina tu la. U tau tak ape ironi skrg? org cina cuba selamatkan org u dr org cina yg jahat.

Orang steady. Tak pernah perlu tukar nama.

Ada berani beli dan pegang biarpun naik atau turun.

But don't buy in low to sell high with FAKE NEWS. I wanna see what u got.

IDSS buy back time...

Goreng anchovies shorties.

Goreng shorties

Really don’t short...support quite strong..

Can go eat up the 49.5 sen ar? 1mil shares only

YuMee, queue sell at what price this time?

Congrats Yy and Me

Owh....if price closed at 52sen....u big kaki win or lose?

today close 52 Yu and Me made few hundred K less. He is a big kaki win alot and lose also alot...

Short seller will do very badly on a bullish counter.

I say many times liao...

At the point he say sold until now, nvr touch 49sen. Today close 52sen and I will laugh Yu and Me.

Who wakes up in the morning and sapu 2 million shares?

Alliance? Or CIMB? Sapu before talking good about Armada.

Hope it overshoots you 75c.

if ARBB future that good; why convert it?

Why not use the 20sen to buy even more PA from market instead of converting into mother share?

I'm sure you know which one is the better question.

"Bumi Armada sent a senior staff to oversee the vessel for three months and spotted operational and technical inefficiencies. It decided to replace five of its technical leads in the second quarter FY19, which improved profits by 34 per cent quarter-on-quarter."

Who else is the senior staff if not the CEO himself. He fired 5 retards. The retards cost 1/3 of Armada's administration expenses. It's reflected on the Income Statement. AFAIK, no CEO is that blind. I bet they are put the by the ex-ceo.

Now, I'm more excited about impairment reversal. Will the market go wu wa wu wa about it?

Don't get 1.2Bil but 600mil also good. I'm sure the market will go wu wu wa wa up from 60sen to 1.20 like how the price drop from 75sen to 15sen.

I hear someone mention the CFO is expert in restructuring. I don't think I need to teach them what to do. =D

I do agree on the era where armada was at era of 1.2B "paper" losses and core operating profit was standing at 60-80mil a quarter on the back of 500mil to 600Mil revenue. I'm surprise that market didn't acknowledge that and the proof proof guy comes wooff wooff.

I'm even more surprised that research house made no comment on that.

If I had known the market is THAT SLOW; i would have entered alot later. Waste my resource waiting. I'm sure many that familiar with armada agrees.

1) Contract is simple as what's agreed between two parties. It's a normally mutually benefiting. It has nothing to do with what you think or what I think. That's a silly rabbit hole go into. What matters here is what actually is the contract?

2) Here's what I think about your construction example and who is the king; As for how a contract tilts in favor of who; that depends on who goes low enough to be the other person's b*tch. For construction; who is the b*tch is obvious. For only way for some unscrupulous construction company to stay afloat; they cut corners. You can tell from the poor build quality around. Between a man that never comprise his bottomline and a man compromise everything; the latter will more likely to perish. Nonetheless, I mean you well.

3) Joint Venture contracts can be very flexible. Just to give you something to think about; let's say agreed charter rate is USD40 per barrel. Global price per barrel drops to USD30 per barrel; don't you think that the client wouldn't have a contingency agreement if price drops to a certain level; the charter rate will be adjusted accordingly.And for that convenience, wouldn't a service provider negotiates for increase profit sharing if market price above certain level in return for that contingency? Anyway like you say; armada is not construction company. Your construction contract can be VERY DIFFERENT from OnG contracts.

You see the way I make deals; I don't want to drive my clients into bankruptcy. At the same time, I don't want to be his b*tch. Now, that's a sustainable mutually benefiting contract.

So, there is NO ARGUMENT which types of contracts are better. Again, it's not important if what you think or what I think is right. What is the actual contract?

That depends on what's the contract...

Research house analyst life very easy...

just copy and paste what mikekim have shared will do. ahhahaha

https://www.dbs.com.sg/private-banking/aics/templatedata/article/equity/data/en/DBSV/012014/BAB_MK.xml

Uhhh....the pressure is intenseeeeee....I like it!

Good simple explanation. Summary is if you find that you behave like Jesse, better start learning from Ben.

i would love to listen to Icon8888 method of balancing his portfolio.

gonna chiong real hard

They wanna trap u?

How u know?

U look at buy queue every level, it will cost u 20times what u hv. U can’t afford it.

Brother to brother advise, stop doing what u doing la. Very childish.

stockraider, summary of your wall of text is buying against consensus and be right.

Opportunity lies in the devils of the details; that's the blindspot of majority of the market consensus.

U can sit at the side. We find out next week.

We have same experience. Can't break 20sen. Can't break 25sen. Can't break 30sen. Can't break 35sen. Can't break 40sen, Can't break 45sen. Well, sit at the side and watch.

My fair value for Armada is 60-65sen based on very conservative FYE20 Annualised EPS at 6sen, at PE 10 is 60sen. 72sen at PE 12 and 90sen at PE15. BTW, Yinson at PE44.

Unlike kraken that's already pumping money out; yinson's brazil contract haven't start making money yet; hopefully; Yinson's two years down the road no impairment la. Make money also priced in at PE44; do you know how much EPS improvement for PE to drop to 20? If really double, the price maybe up abit. But if it doesn't double...U imagine yourself what kind of fall it will be from PE44.

Incorrect panda, got impact. If remember correctly; Armada Kraken's charter rate based certain agreed base rates, and the rest based on variable rates depending on market price.

E.g. Kraken's premium on low sulfur content. I can't get you the source; but I read it somewhere.

EPF also dispose at 20sen. Even they bought at RM2. Soooooo....

I wouldn't take what EPF do too seriously. They do that all the time.

https://open.spotify.com/episode/2W4fLRgoSDgeKNKvauT6e2?si=wwVtIUrcQbiX6uzcYGS9mg

Can listen to this podcast...Joel Greenblatt...
HIs book You "Can Be a Stock Market Genius: Uncover the Secret"

then time to time, can buy and sell to average down.

I hv been think of this problem for a while; how to exploit pullbacks and technical rebound.
Buy in temporal dips and sell into near term resistance and help reduce my cost and reduce my exposure. e.g. Hold ur previous 100lots e.g. 20sen. Now queue, 100lots 45sen. If pull back hits 45 sen and rebound 47sen and sell them. You make 2 sen. Your cost of your initial 100lots has reduced by 2 sen to be 18sen.

Cos, i'm confortable to average down. But not comfortable to average up.

They got keep la. Big or small position only. When it arrived Rm1; will keep only 10-15%.

I think a lot long timer here also say bye bye and ciaoz dy by that time.

Sychan, 2017, u Sure u will keep?