vespa

vespa | Joined since 2017-03-23

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5 days ago | Report Abuse

an inspiring insight!!! true genius

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6 days ago | Report Abuse

Was an honour having worked for him. May his soul rest in peace.

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2 weeks ago | Report Abuse

Poorly managed....best have emigrated leaving rubbish to run companies

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3 weeks ago | Report Abuse

Thanks Treeinvestor ..Bloomberg has reported it.

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4 weeks ago | Report Abuse

It would take a genius to be unprofitable

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2 months ago | Report Abuse

Dividend yield
on average is about 3% while MGS is at 3.77%.. Hopefully PBA hikes it above the safe MGS

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2 months ago | Report Abuse

It is largely state owned. If value is to be created it had better pay good dividends.

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2 months ago | Report Abuse

I stand corrected

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2 months ago | Report Abuse

Ranhill & Puncak Niaga - Malaysia boleh policy

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2 months ago | Report Abuse

PBA runs the risk of serving the public rather than maximising shareholder value, a political animal as it is.

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2 months ago | Report Abuse

This heroic stock is in a moribund state

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2024-08-29 09:36 | Report Abuse

we need Singapore CPF to support

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2024-08-22 22:03 | Report Abuse

do not trust management; promises promises

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2024-08-22 15:42 | Report Abuse

Wow Vicky you are being quite dramatic

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2024-08-21 14:22 | Report Abuse

it is a large amount of shares listed in such a short time

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2024-08-16 18:20 | Report Abuse

Sadly, suspect this is for the long haul and it appears in transition away from fossil fuels and has not become the typical tomorrow stock. There seems not much point even if we scream from the rafters and go blue in our faces I doubt much attention is paid to us retail investors. If the kitchen is too hot one might as well bite the bullet as I think this mob is for the long haul. So it is well and dandy shooting Gary the messenger but the pivot is AK himself who is answerable for the misery laden on us the retailers , some of whom have fallen in love with it.

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2024-08-16 17:25 | Report Abuse

Well we just have to wait and see..rather than being misled

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2024-08-16 16:18 | Report Abuse

"BAB notes that the Facilities were oversubscribed".....exudes confidence

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2024-08-10 17:42 | Report Abuse

MISC CEO quits...wonder if he was anti or pro Bumi deal. Check it out in the Edge weekly it cost no more than RM7

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2024-08-05 17:17 | Report Abuse

Armada is at silly prices and wont be surprised if it even hits a transient 40 sen ( panic selling ) ; with cashflow yields on song am backing up the truck for the long haul

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2024-08-02 15:34 | Report Abuse

All this is a result of Malaysia's brain drain. Smart ones are overseas.

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2024-08-01 22:06 | Report Abuse

poorly managed company with substandard engineering consultants

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2024-07-18 16:08 | Report Abuse

Robert Waters, you could probably be right but the saving grace is that downside is limited (says he)..glad am out of this but if it falls to the silly price region may reconsider..

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2024-07-15 18:07 | Report Abuse

Thanks Bitgold

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2024-07-12 16:46 | Report Abuse

spot on steady31... major shareholder appears to be all about himself and the faithfull are bearing the cost.. poor souls

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2024-07-11 17:31 | Report Abuse

crazy movement

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2024-07-07 15:53 | Report Abuse

Google translation

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2024-07-07 15:53 | Report Abuse

(KUALA LUMPUR, June 6) Sources familiar with the matter revealed that Malaysia International Shipping (MISC, 3816, Main Board Transportation and Logistics) is in talks with Bumi Armada (ARMADA, 5210, Main Board Energy) to acquire the latter's shares and become its major shareholder.

Financial weekly TheEdge quoted sources as reporting that negotiations for Malaysia International Shipping to acquire Bumi Armada have been ongoing, but there has been no breakthrough yet.

In response to a reporter's inquiry, MISC also said: "The company is actively exploring any investment opportunities that can add value to its shareholders. If there is substantial progress, the company will communicate with relevant stakeholders."

It is understood that the above negotiations were conducted at the shareholder level and did not involve management, so the reporter did not seek advice from Bumi Armada.

The largest shareholder of Bumi Armada is Malaysian tycoon Ananda, who currently holds a 34.58% stake in the company.

Is India's Tata also a competitor?

It is believed that Ananda had the idea of ​​quitting several years ago, and Shapoorji Pallonji Mistry of India's Tata Group also seemed interested in taking over. The latter served as a member of Bumi Armada's board of directors from October 2014 to February 2017.

However, there has been no follow-up action since then.

Malaysia International Shipping is a subsidiary of Petronas (holding 51% of the shares) and is mainly responsible for Petronas' transportation-related matters.

Bumi Armada is one of the world's largest floating production storage and offloading (FSPO) operators, with total assets of approximately RM11.59 billion as of the end of March this year.

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2024-07-02 16:49 | Report Abuse

Has Section 1 been declared open ......dates seem to be an organic matter to management

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2024-06-17 15:04 | Report Abuse

Rohank it would help if you get up to speed with Finance 101.

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2024-06-16 10:31 | Report Abuse

Rohank. NPV as you know is a discounting mechanism. It discounts free cashflow from the future to present. Every year’s projected free cashflow is discounted to the present. So from my basic calc say discount rate 14 or 15% ( this can be determined with assumptions) you discount each year to the present. You could take 5 yrs or 10 yrs to discount plus terminal rate. Generally 10 yrs plus terminal rate. Hope this helps. Here in Malaysia one cannot predict 3 yrs in to the future so it becomes quite academic . This works well with large companies with steady cashflow and durable with few surprises.

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2024-06-16 05:47 | Report Abuse

Thanks DestinyL that was helpful.

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2024-06-16 02:29 | Report Abuse

This is just info and not to troll Armada's prospects with Kraken. I think this has already been baked in the price. Labour is expected to form the next govt


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2024-06-15 18:45 | Report Abuse

I am out but still will keep track of Armada and buy in only severe dips for the sole reason I think AK may just take it private for his upstream business. O & G stocks in the North Sea are being hammered due to the incoming Labour govt ( way ahead in the polls ). Policies are anti fossil fuels ;;;
Headlines Labour energy policies already impacting North Sea business
Labour's proposed ban on award new North Sea oil and gas licences has already spooked producers. UK Labour Plans £1.2 Billion Windfall Tax on Oil & Gas Giants.
I am sure some are already aware of this. This could probably be Armada's halting share price progress.

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2024-06-12 19:40 | Report Abuse

True, Ministers are not held accountable and can waffle through their teeth but WCE has made no comments on lateness except Section 7 b is being redesigned and no expected completion date.

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2024-06-12 17:52 | Report Abuse

If not for management selling it would have taken off.....tightly held winner

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2024-06-12 15:29 | Report Abuse

spot on Mr Waters...recall Mike Lim an avid Armada supporter , he got out at about these prices and drove into YTL Power early this year at about RM 2.30 ( if my memory serves me right). Armada has done squat since then. Eventually it would move up I suppose

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2024-06-12 14:00 | Report Abuse

I sold out the balance yesterday...Armada to me was like the curate's egg

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2024-06-11 15:33 | Report Abuse

speakup...if not for PH the country would be in ruins, we need to harness the resources of the rakyat to better the country.

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2024-06-06 01:03 | Report Abuse

Bitgold that is a surprise

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2024-06-05 14:56 | Report Abuse

Exactly Nepo, nothing in the qtrly has said what the Minister has stated that completion would be March 2026.

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2024-06-03 15:22 | Report Abuse

sobering thought

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2024-05-31 16:48 | Report Abuse

I doubt we are disputing the prospects but these have not changed over the year.

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2024-05-31 14:44 | Report Abuse

UOB may just have hit on the head for short term investors. Reality check perhaps.