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2019-10-17 15:14 | Report Abuse
No need to debate just buy don’t be like JC apanama ,today buy at 0.40 is enough,hahahahahah
2019-10-17 09:43 | Report Abuse
Not worry armada share price I’m worry apanama Geco ckca jc don’t talk! Hahahahaha
2019-10-17 08:44 | Report Abuse
3q result will be good as most report said
2019-10-16 23:51 | Report Abuse
Update
Bumi Armada is selling the Armada Perdana FPSO vessel for US$40m (RM167.2m) to Century Energy Services Limited (CESL). CESL plans to redeploy the vessel to another field in Nigeria.
The purchase consideration will be paid as such: - A deposit of US$4.5m was paid and another US$1m will be paid by end-2019 - US$11.6m will be used to settle amounts owing by Bumi Armada to CESL - US$5m within 6 months after the vessel is delivered of when oil is first produced - The remaining US$17.9m within 2 years from first oil
Disposal gains of US$5m will be recognised in FY19 while the unpaid portions will be recognised when the funds are received.
To recap, the Armada Perdana FPSO has been out of contract in Nigeria since its previous charterer, Erin Petroleum filed for bankruptcy.
Earnings Outlook/Revision
We are positive on the deal as it will monetize assets to reduce debt and cost.
Forecasts maintained – We are keeping our core EPS forecast for FY19 and FY20 as the chunk of the disposal consideration would only come in much later.
Steady orderbook – Orderbook remains steady at RM18.9b (FPO: RM17.9bn, OMS: RM1bn) another RM9.9bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on +1 SD to its 3-year average P/B. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case and judgement is expected in 4Q19.
Source: JF Apex Securities Research - 10 Sept 2019
2019-10-16 23:50 | Report Abuse
Apanama pretend he is expert actually he only pig, we happy counting money since armada0.15
2019-10-16 23:23 | Report Abuse
pretend he is expert actually he only pig
2019-10-16 20:47 | Report Abuse
Apa wish to buy at 0.01 hahahahahah he got no money so just talk here
2019-10-16 20:35 | Report Abuse
Hahahahah apa haven’t die yet? Baseless Talk until die
2019-10-16 17:26 | Report Abuse
Geco hahahahahahah the way you explain yourself shown you are stupid only
2019-10-16 15:55 | Report Abuse
Strange jc Geco apa not talk anymore, use medicine already?
2019-10-16 13:59 | Report Abuse
Jc you are super clown with to much baseless talk
2019-10-16 13:43 | Report Abuse
Skleego don’t know how to read report stupid than jc
2019-10-16 13:17 | Report Abuse
Now already out control luckily he can talk here , can heal some sick
2019-10-16 12:24 | Report Abuse
IK don’t predict just buy and wait
2019-10-16 11:54 | Report Abuse
People count money everyday he count talk everyday
2019-10-16 11:53 | Report Abuse
Pls don’t become jc which no money and no shares
2019-10-16 11:49 | Report Abuse
Do not happy with the happy really shame on jc
2019-10-16 10:09 | Report Abuse
Hahahaha armada up everyday and jc talk pig talk everday
2019-10-16 09:43 | Report Abuse
We made money in armada jc apa made talk hahahahahahahahaha they have nothing but pig mount
2019-10-16 09:40 | Report Abuse
Apa jc no share and just talk here as joker hahahahahahah
2019-10-16 09:38 | Report Abuse
Hahahahaha I count money everday jc you just talk
2019-10-16 09:17 | Report Abuse
Jc. 4574 spa all are stupid loser with no shares
2019-10-16 08:21 | Report Abuse
Hahahaha jc talk again recover from psycho sick
2019-10-15 23:06 | Report Abuse
No need to talk so much just buy and wait
2019-10-15 16:16 | Report Abuse
IK 0.42-0.46 anytime can buy more
2019-10-15 16:15 | Report Abuse
I done my second state job now wait to 0.46 than thirt state will all in again
2019-10-15 16:09 | Report Abuse
Woke up wait break and sustain at 0.42 than all in, sad
Don’t see jc ckca Geco those talker
2019-10-15 12:32 | Report Abuse
Apanama sick already ? Or just stupid?
2019-10-15 10:36 | Report Abuse
ckca, jc, Only earn change to talk here else nothing
2019-10-15 10:26 | Report Abuse
Jc Geco ckca will disappear again
2019-10-15 10:06 | Report Abuse
9am-4pm let ckca Geco jc 4574 talk after4pm let us count money , IK just buy and wait
Stock: [ARMADA]: BUMI ARMADA BERHAD
2019-10-17 16:27 | Report Abuse
Where apan ?hahahahah