not Crude but Brent. sorry for the mistake.

After the slight blip last week due to margin calls, BA has resumed its uptrend. A break out above 54 will take it to new post of April 2023 high again. Crude is doing well, too, and is poised to break 80 convincingly this or next week.

#M5555, I think U r 1Y behind. pls come to current times. Good luck ....I hope I woke u up from ur 9 mths of sleep. congrats for ur newborn baby.

limit down to 50 sen

let's buy after double limited down at below 50 sen.

looks like the deal with be done at 2.00 level and hence justifies EPFs sell down.

don't forget this super stock which is hibernating now.

May go private at 2.00. Probably waiting for MOF to give green light before announcing.

May be deal will take longer and we can buy back later at below 2.10

anyone can advice.

when EPF sells should we also sell, how to beat the BIG whale 🐋 when they start to sell

technically BA very 💪

down to 46M from 56M

BAs net short position reducing.

for DV is not just taking into account of Groups Accumulated Losses. U have to look at the Companies Accumulated Losses which stands at 1.742B in Dec 2022... and 1.77B in Dec 2021. company will only reduce its losses if the subsidiaries pay DV to the Company. BA as a company has zero business, its profit is derived from DV from subsidiaries. the NTA at company level is only 44 sen for FY Dec 2022. pls dont look at Group accounts for DV payment.

for BA to pay DV they should wipe out their Accumulated Losses at Company Level.

tq Niki for the update

wonder which minority shareholder of Kuchai gonna vote for the deal. major shareholders cant vote. SC and Bursa must investigate the hidden hands. the whole proposal is bad for minorities of Kuchai. the whole Nyalas Group of companies are taking their minorities for a big ride. bad corp governence.

deal will be aborted. minority shareholders will reject.. why sell asset worth 10 for 4?... all the asset is Great Eastern shares. might as well distribute the GE shares to Kuchai shareholders, why give it to SBagan.

the above from Bursa Announcement dated..22 Oct 2021

The ICPS may be converted into new Minetech Shares based on the following conversion modes:

(1) Cashless Conversion by surrendering 4 ICPS for conversion into 1 new Minetech Share; or

(2) Cash Conversion by surrendering 1 ICPS and cash payment of RM0.09 for conversion into 1 new Minetech Share.

#hohlaiyet88... the conversion price is also 1 PA+9 sen. (PA issued at 3 sen) so if mother share above 12 sen than every 1 sen mother up PA up 1 sen.

Looking bullish. Tech Analysis looks good for a rebound.

When TunM goes down will BA another Astro?

BA at 50 looks like there is 2 play...

Sudah mati la. No dividend also. Must have a good reason for not paying any dividend.

Is TG selling all the Gloves to Msian? TG needs any infection to be global before it can enjoy the profits. If just local noting will happen.

Best to value Armada on DCF valuation as it's not an infinite life bz. Each of its 4 FPSO has its own life... all depends if something new happens. If nothing new, they just return the net cash balance to shareholders. (Potential 1.50 to 2.50 over next 4 to 10 yrs). CGS Analyst report has the numbers. AK already old better let current contracts expire and close shop. All JVs sell to Indian Partners.

Akai, is a surprise.. but let's see if there will be any development in the near term.

Oil going lower, dragging BA lower. Instead of seeing BA price, better see Oil price. I don't think this fall is operation driven, i.e., ASV. More like BA prices falls = Oil price fall.

With YTL as shareholder, Ranhill will surely go up. Just be patient. It will pay off handsomely. Relax la..

i3lurker buys in RM100s of millions per day. His trade can move not only the stock but also the index. Pls show some respect to i3luker. We just ikan bilis here.

With YTLP up...Ranhil will fly higher. Let's wait for 1.50 soon.

Mable will be averaging down. U always can't buy the cheapest... what if bounce from 47.5?

I think Swak will take care of themselves vs the shareholders... like how EPF is selling also....with Ur post today U could see some BIG Insti/ retail want to sell. This stock is a dead.

Technically, BA looks really bad as it hit 50 sen today. Anyone can advise where the next technical support is.. or still maintain 50.5 sen as a good support base. Some tell me support 48 sen and resistance at 54 sen. 50.5 sen is the base now.

Tq EVEBITDA for your thoughts. Thanks for sharing. Can I summarise that ASV has minimal impact on BA on financial other than reputation issues?

Hi Niki, from what I understand, the USD980M loan was taken by ASV and has no recourse to BA. BAs loss is just the equity of USD30M. They can easily sell the equity to their partner and walk away. Also the contribution to BA from ASV is too small as the DCR less Opex will b used for repaying ASVs 980M loan for the first 7 to 9 years.

AS V, is a 30% associate company. BAs investment is AS V is only USD30M or 2.5 sen/share. AS V, debt of USD948M is not reflected in BAs books, and it's a project debt, i.e., no recourse to BA. Accordingly, the contribution of AS V to BA is also minimal. Projected CF to BA is also minimal as AS V will only contribute CF to BA after 7 years. Obviously, it's good to have a successful project but this is not Karken where the impact is BIG.

Well said, Niki. No one expected Karken failure too. Hence the reason it trades at a discount to fair values.

😁

Can buy at any price if U r long term holder. Casflow solid.

#risk8888, I like ur theory..hahaha

Technicals very UGLY. For traders, most will sell. Investors stay cool and collect more.

Oil down Dnex down

https://theedgemalaysia.com/node/692194

Why it got removed?

Will sell tomorrow morning...any taker for 16.80? Bought at 16.80 before DV sell at 16.80 after DV... hehe hehe... breakeven?

#MOBA... I didn't say CPO will be 2500 anytime soon. My advice is IF the CPO goes to 2500, UP can pay max 1.00 if U are still happy.. just hang on and in the meantime collect the high DV whilst CPO stays above 3000

All depends on your view on CPO price, too. But if you are prepared to sit on RM1.00 annual DV if CPO is down to 2500, just buy and keep over time better than buying a property for investment.

The risk associated with O&G.