research house will rerate this stocks this weekend. tp up?

next month will gap up when fpso kraken start oil flow

BUMI ARMADA REPORTS FIRST QUARTER 2017 NET PROFIT OF RM48.1 MILLION
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5446741

must be bad news. thats why gap down...

sell on strength and buy back on friday

if good, why insider sold 700k lots on 24th may? why not wait till today for bigger raya bonus?

hope tomorrow mgmt can update us on the kraken fpso

NS deal not a done deal. unless party concerned disclose the conditions, it is quite worrysome. M not surprised if hib closed in the red today as most o n g counters gapping down. seriuosly T+# will be heavy volume sell. who wanna buy now?

I support HeartBreakKid's views and responds. I also agreed with general t comment on dirty four letter words.

sell, selll, very bad qr . analyst sure down grade to sell. tp 0.60

something fishy... how can the price gap down if insider already knew about news of this deal. is it good as envisaged? . then suddenly, it got suspended. really suspense...dont chase too high. sell on strength..wait for further clarifications on the conditions imposed... only a 25million deal, so much hu ha

hahaha how many got conned by Chang saying dnex wont close red more than three days... he and his friends got thier 'meat'. tomorrow can celebrate and eat bakchang with lots of bak. wakakaka.

Lots of con and counter-con men here.

when market resume?

Kraken set for June first oil
Written by OE Staff Thursday, 25 May 2017 05:04

EnQuest's US$2.6 billion Kraken heavy oil field development is on track for first oil before the end of June, according to the North Sea independent.

The Kraken development, about 125km east of the Shetland Islands, off Scotland, will comprise 25 wells (14 for production and 11 for injection) via the Armada Kraken floating production, storage and offloading (FPSO) vessel.

First oil at Kraken will put EnQuest on track for full year 2017 average production at between 45,000-51,000 boe/d, which reflects the Kraken contribution in H2 2017.
Production averaged 37,856 boe/d for Q1, down on the 42,752 boe/d in the same period last year, reflecting natural declines in the existing producing assets.

A deal to acquire 25% of BP's Magnus asset, which will include taking over operatorship - making it EnQuest's eighth hub - and a stake in Sullom Voe Terminal, is due to complete at the end of 2017.
EnQuest CEO Amjad Bseisu said: “Our strategic priorities continue to be increasing production by delivering on operational and development execution, whilst also continuing to reduce the operating cost base. First production from the Kraken development will give EnQuest its seventh operated hub and will mark a turning point in EnQuest’s progress from a period of heavy investment to one focused on cash generation and deleveraging the balance sheet."

The Armada Kraken FPSO is vessel operator Bumi Armada's first in the North Sea. It was constructed at Keppel Offshore & Marine's yard in Singapore.

The Kraken field is spread over 42km at a depth of 1300m below sea level, and is expected to hold 147 MMbbl of heavy crude oil, at about 14 API in the 2P probable reserves category.

tomorrow still suspended.

negative news more likely...queue at 0.35..sure win

Saturday, 27 May 2017
Riding out the storm
BY GANESHWARAN KANA

THHE in the red

A smallish entity with a market capitalisation of approximately RM84mil, the Main Market-listed THHE slipped into Practice Note 17 (PN17) status on April 29, 2017, after the company’s independent auditors expressed a disclaimer opinion on its accounts for the financial year ended Dec 31, 2016 (FY16). THHE’s market capitalisation stood at its peak of RM1.1bil in February 2014, when its share price hit RM1.03

THHE is an associate company of Lembaga Tabung Haji, in which the latter is the single largest shareholder with a 29.81% stake.

THHE took a greater hit in FY16 as its net loss widened by seven-fold to RM365.84mil, in contrast to the RM45.34mil net loss recorded a year earlier.

The O&G fabricator’s top line also plunged by 82.3% to RM17.78mil in FY16, on a year-on-year comparison.

“As at December 31 last year, the current liabilities of the group have exceeded its current assets by RM733.06mil.

“The current liabilities of the group as at December 31, 2016 arose mainly from borrowings, and trade and other payables amounting to RM319.41mil and RM542.20mil respectively,” stated THHE in an earlier filing with the Bursa Securities.

As at end-2016, THHE said the group did not have any readily available sources of fund for repayment of its current borrowings.

Share price wise, THHE has been on a downtrend since mid-2016. Year-to-date, the share price has plunged by almost 53% to 7.5 sen as at closing of trading yesterday.

THHE’s current share price is close to an all-time low of 6.5 sen.

In addition to the debilitating low oil price environment, THHE took a further hit after Petronas Carigali Sdn Bhd barred THHE’s 70%-owned THHE Fabricators Sdn Bhd from participating in its future tenders for two years. Petronas Carigali cited “performance-related issues” in KNPG-B Topside PH II, Kinabalu Non-Associated Gas (NAG) development project, for THHE’s exclusion.

The offshore facilities fabricator has also received numerous winding-up petitions

continue .....read
http://www.thestar.com.my/business/business-news/2017/05/27/riding-out-the-storm/

Game over. Syndicates and cronies throwing / distributing all their shares and moving to other counters. those still holding sure die die kaw kaw...when price goes back to 0.4x

sell on news ... price already priced in on these rumours. now its all on news... don't be greedy and get trapped. "Sell in May, go on holiday and come back in August..." sure wont lose..your hard earned money

Why price down?

sell on news ... Go away in May, come back in August

Queue at 0.40

pump and dump counter...beware...

Armada destined to go down cos got infected with bad Feng shui from stupid gila orange yg belum makan ubat. Spoiled my perception of armada.

told you so, bleeding and tight cash flow... might be worst next qr. sell and go away in may. wakaka

Back to 0.775 or below. Run run like mad horse with tali behind the legs.

sell on news....what else

He got stuck. dont know what to do. price not moving... "head you lose, tail i win" wakakakaka

buy on weakness, sell on strength...gonna be very volatile

TAK HABIS CAKAP...KESAN EQUINOX KUT. MATAHRI TEGAK ATAS KHATULISTIWA MINGGU ...WAKAKAKA

smart tactics ... get them to buy on rumours

betulkah?

how come suddenly people talk negative about armada?
Next week price will dropped kaw kaw in the morning so that contra players forced sell and no one dare to buy except syndicates picking up cheap shares.
Biasa berlaku.
I will accumulate on weakness. No fear dude.

qr coming out. brace for more bleeding...bo chow ccccccccccc rrrrrrrrrrrrr

result should be out by next week. if by early next week ont out.... die die kaw kaw .cos means qr no good

bo chow...cccccccccc rrrrrrrrrrrrr

sell on strength..

huat arrrrr. play small small.

got limited cash to expand. dead counter

bo chow cccccccccc rrrrrrrrrrrrrrr

oops i mean 1.40

queue at 1.50

reduced price on rights issue means they got no money power to pump up the price. sell on strength

take profit. qr most like red...deep red.

price weakening.. qr not so good?

wait for it to get lower...LTH selling everyday by the millions

Bad. 1. They are delaying dividend payment.- now need time to apply approval from bursa
2. With dividend reinvestment plan, they still to keep as much cash as possible - meaning might be having cash flow problem.. They try to keep the cash by luring you with sweets (cheaper shares. Not unusual ) - something like private placement.
Summary : suspect finance or tight cash flow. Sell.
wakaka

game over? back to 0.40+ ?

please dont bluff. are you sure US cut output? if you are bluffing, bad karma on you... wakaka

BEIJING (Reuters) - Saudi Arabia and Russia have agreed to extend crude oil output cuts until March 2018 in their latest effort to rebalance the global crude market, oil ministers for the two countries said on Monday.
The next round of cuts will be on the same terms as the existing deal, Saudi energy minister Khalid al-Falih said at a joint briefing in Beijing.
Under the current agreement, the Organization of the Petroleum Exporting Countries (OPEC), of which Saudi Arabia is the de-facto leader, and other producers including Russia pledged to cut output by almost 1.8 million barrels per day (bpd) during the first half of the year.
Russian oil minister Alexandra Novak said at the briefing the aim of the cuts is to rebalance the global crude market.