so many traders lose underwear to the operator

tomorrow q sell at 0.20

as long as got money, u can earn. dont play contra, thanks to armada operator

buy back 2 mil shares at 0.185

operator earn tonnes of money now

i really dont understand, why so many ppl like to contra buy armada?

see, trapped again

who dare to go in after 1430, operator will make u sell the underwear to them

sold at 0.21, now q buy at 0.20

so many bilis buy, becareful

my advise to u all, dont rush in, later trapped again. for those wanna rush in, u need holding power

today set q sell 2 mil at 0.21

my strategy is short term earn 1 cent, buy sell buy sell

this morning bot 1 mil.at 0.185, sold 1 mil at 0.195

so many bilis go in and hold, how armada go up

everyone bot 100lot = rm18k, now flooded by retailers

too many retail buyers, promoted by investorking

keep

anyone can further explain

investorking, mana goreng grp?

go back to 0.15?

earn some interest few thousands, to pay my loans

q buy oso at 0.195 now

grab 2 mil shares at 0.195, now q sell at 0.20

5 mil loan shares to be cleared around 20-25 cent, play short term

q buy again at 0.195, after i sold some at 0.20 yesterday

i am still buying as long as armada no bankcrupt

average price should be 40 cent

uncountable.....

based on the financial review of Armada, it was determined that: -

PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 13 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 7 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING

Armada’s ability to secure new contracts is likely to be 0%

PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.

7 years to go or 28 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.24 billion in profits.

Rm21 billion confirmed sales for next 7/8 years. Actual operations profit from Rm21 billion is around Rm9 billion. Rm9 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.

It is enough to pay off the RM12 billion debts (excluding interest)?

HOW TO MEET THE RM5 BILLION DEFICIT???

How much ADDITIONAL new revenue is needed for Armada?

=================================
Around RM12 billion in new sales / revenue.
=================================

That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.

So it’s the crunch time now. What are the options available to the shareholders?

1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive

1. Taking Armada private

Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.

2. Sell Armada

No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.

And new owners have to come up with an additional RM5 billion to pay off its debts.!!

3. Dispose assets to continue to survive

Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.

With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.

Despite the enthusiasm on the following: -

Speculated improvement in cash flows
Speculated settlement on Claire
Speculated award of new contracts
Speculated sale of assets

Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.

Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.

We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.

We expect institutional funds to lose all investments and creditors will not be paid 80% what is owed to them while debtors will be taken to court wherever possible.

As for the main shareholder, they have already clawed back their investments when they part disposed i

if not, how? investorking. nothing was guarantee

my advise to u all, the more retailers buy, the price will not go up

alot of sellers now

contra players die gao gao

pity for those trapped today

traders trapped again

shortiest at 0.21

idss got 15 mil shares

bilis keep eating now

finally armada goreng successfully up 0.5cents

armada operator very kedekut, 0.5 cents oso dont let ppl earn

leslie goh, pearlwhite, superbull all gone

armada go go go

Based on the financial review of Armada, it was determined that: -

PROOF – ARMADA REVENUES ARE NOT ENOUGH TO SETTLE DEBT
PROOF - 13 YEARS TO FULLY SETTLE DEBT IF REVENUE STABLE FOREVER BUT ITS FIRM IS ONLY UP TO 7 YEARS!
PROOF - NOT ENOUGH TO SETTLE INTEREST AND TAXES
PROOF – ARMADA CANNOT GET ANY MORE FINANCING

Armada’s ability to secure new contracts is likely to be 0%

PROOF - Armada has lost the momentum as a major player since 2014.
PROOF - Armada has been without a business development / sales team since 2014.
PROOF – Armada embroiled in various allegations from various countries including EU and INDONESIA.
PROOF – Armada’s strategic direction is uncertain due to controversies with its major shareholder.
PROOF – Armada’s behavior as a contractor has been one of litigation.
PROOF - You cannot bid for contracts if you do not have donor tankers.
PROOF – Armada’s recent FPSO is a lemon.

7 years to go or 28 Quarters to go. RM80 million net profit per Quarter optimistic assumption. That means RM2.24 billion in profits.

Rm21 billion confirmed sales for next 7/8 years. Actual operations profit from Rm21 billion is around Rm9 billion. Rm9 billion has to pay for everything under the Gross Profit line. And this doesn't include principle debt payments of Rm12 billion. Q results don't matter. And when oil industry recovers in 2030, Armada's assets are nearly 20 years old. End of life.

It is enough to pay off the RM12 billion debts (excluding interest)?

HOW TO MEET THE RM5 BILLION DEFICIT???

How much ADDITIONAL new revenue is needed for Armada?

=================================
Around RM12 billion in new sales / revenue NOW!
=================================

That is not going to be achievable for Armada since it no longer has the reputation to get new contracts.

So it’s the crunch time now. What are the options available to the shareholders?

1. Take Armada private
2. Sell Armada
3. Dispose assets to continue to try to survive

1. Taking Armada private

Do you think that the main shareholders want to do so when Armada is an endless money pit with gutter reputation? Finance 101, get rid before you incur more losses.

2. Sell Armada

No one is buying Armada in this market until 2030. And the new shareholders have to deal with an incompetent management.

And new owners have to come up with an additional RM5 billion to pay off its debts.!!

3. Dispose assets to continue to survive

Assets are worth nothing as long as the market doesn’t recover until 2030. The asset are still being valued too high. Disposing assets wouldn’t be enough to settle Armada’s debts anyway.

With the review of the latest results, it was exceeding our expectations. Our view is now further reinforced that Armada will default. How much time left before Armada defaults? It would be next year when it defaults.

Despite the enthusiasm on the following: -

Speculated improvement in cash flows - Insufficient in 2020
Speculated settlement on Claire - Circa 25% of the asking compensation by Armada
Speculated award of new contracts - Nil probability
Speculated sale of assets - Highest bidder bidding at 10% of current NBVs

Armada would not be aggressively pursuing debt restructuring negotiations if the above were not in positive light. A highly anticipated default will still happen.

Given that the option to take private, to sell out and sell assets are not viable for Armada, what route will Armada take in such a event? PN17 and administrators will come in for sure.

We expect that Armada will be broken into many pieces. For the FPSOs, it would be taken over by their respective JV partners and other assets will be sold off to the highest bidder.

dont rush in tomorrow, later get trapped, no free lunch in this world

teh tarik + 3 biscuit

T+3 tomorrow

traders wanna earn breakfast, end up lose lunch

i really feel sad those opportunist, pls buy using cash. this armada operator really cunning

contra players die gao gao. lock u few days enough