sychan

sychan | Joined since 2019-08-07

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2019-10-17 16:27 | Report Abuse

Where apan ?hahahahah

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2019-10-17 16:08 | Report Abuse

Thank you. Armada

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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

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2019-10-17 09:43 | Report Abuse

Not worry armada share price I’m worry apanama Geco ckca jc don’t talk! Hahahahaha

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2019-10-17 09:25 | Report Abuse

Time to buy more

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2019-10-17 08:44 | Report Abuse

3q result will be good as most report said

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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

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2019-10-16 23:50 | Report Abuse

Apanama pretend he is expert actually he only pig, we happy counting money since armada0.15

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2019-10-16 23:23 | Report Abuse

pretend he is expert actually he only pig

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2019-10-16 23:23 | Report Abuse

stupid comment

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2019-10-16 23:22 | Report Abuse

apa reallysick

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2019-10-16 20:47 | Report Abuse

Apa wish to buy at 0.01 hahahahahah he got no money so just talk here

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2019-10-16 20:35 | Report Abuse

Hahahahah apa haven’t die yet? Baseless Talk until die

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2019-10-16 17:26 | Report Abuse

Geco hahahahahahah the way you explain yourself shown you are stupid only

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2019-10-16 16:52 | Report Abuse

Hahahaha time to buy more

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2019-10-16 15:55 | Report Abuse

Strange jc Geco apa not talk anymore, use medicine already?

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2019-10-16 13:59 | Report Abuse

Jc you are super clown with to much baseless talk

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2019-10-16 13:43 | Report Abuse

Hahahahahahahaha

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2019-10-16 13:43 | Report Abuse

Skleego don’t know how to read report stupid than jc

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2019-10-16 13:17 | Report Abuse

Now already out control luckily he can talk here , can heal some sick

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2019-10-16 12:24 | Report Abuse

IK don’t predict just buy and wait

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2019-10-16 11:54 | Report Abuse

People count money everyday he count talk everyday

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2019-10-16 11:53 | Report Abuse

Hahahahahahah

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2019-10-16 11:53 | Report Abuse

Pls don’t become jc which no money and no shares

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2019-10-16 11:52 | Report Abuse

Don’t think just buy and wait

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2019-10-16 11:49 | Report Abuse

He need doctor

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2019-10-16 11:49 | Report Abuse

Do not happy with the happy really shame on jc

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2019-10-16 11:48 | Report Abuse

Do not know how to read report

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2019-10-16 10:09 | Report Abuse

Hahahaha armada up everyday and jc talk pig talk everday

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2019-10-16 09:43 | Report Abuse

We made money in armada jc apa made talk hahahahahahahahaha they have nothing but pig mount

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2019-10-16 09:40 | Report Abuse

Apa jc no share and just talk here as joker hahahahahahah

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2019-10-16 09:38 | Report Abuse

Apa is loser and stupid talker

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2019-10-16 09:38 | Report Abuse

Hahahahaha I count money everday jc you just talk

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2019-10-16 09:17 | Report Abuse

Jc. 4574 spa all are stupid loser with no shares

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2019-10-16 08:21 | Report Abuse

Hahahaha jc talk again recover from psycho sick

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2019-10-15 23:06 | Report Abuse

No need to talk so much just buy and wait

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2019-10-15 16:16 | Report Abuse

IK 0.42-0.46 anytime can buy more

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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

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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

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2019-10-15 12:32 | Report Abuse

Apanama sick already ? Or just stupid?

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2019-10-15 11:37 | Report Abuse

4574 got nothing hahahahah liar

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2019-10-15 11:20 | Report Abuse

Good congrat

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2019-10-15 11:02 | Report Abuse

Just buy and wait

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2019-10-15 11:01 | Report Abuse

IK buy any ?

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2019-10-15 10:36 | Report Abuse

ckca, jc, Only earn change to talk here else nothing

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2019-10-15 10:26 | Report Abuse

Hahahahahaha

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2019-10-15 10:26 | Report Abuse

Jc Geco ckca will disappear again

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2019-10-15 10:25 | Report Abuse

No need to wait until 4pm

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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