If anwar becomes next PM - uncertainty removed.
If mahathir re-elected to become next PM - uncertainty removed.

The market has priced in the uncertainty this morning with the big dip.
No matter what is the outcome - BA will be unaffected operationally.
Hence, the only way is to go up when all these blow over.

so sure? confirm win? beware of scammers guys

It's time to refocus on the business operations of Bumi Armada.

Which is a fixed term, fixed charter FPSO contract that is stable and recurring for many years to come.

I think the market is very slow to recognize Kraken's improvement to >90% operational efficiency, which Enquest has deemed to be excellent and above expectations. This would mean that Bumi Armada would not need to pay any penalties to further fix Kraken for a long time period in the future (net off against charter revenue), so we will see substantially increased cashflow from Kraken in the future. This is HUGE for Bumi Armada.

We'll see this reflected in Q4 onwards.

where does this come from? copy paste? pao armada ? come test power

please beware guys, scammers are everywhere, especially here in armada

I've held through the past 8 quarterly results - gone through the ups and downs of the 2018 excruciating write-down losses of Kraken and also the reversion to strong net profit in 2019.

Gary will fight very hard to produce a sparkling full year 2019 results because his pay is tied to it amongst other components like Kraken improvements etc.

The big elephant in the room is the so called potential impairment of Claire post court judgment as brought up by some people on this forum. Claire's disappointing results have obviously been priced in during the fall from 0.55 to 0.35. Also Armada has not declared whether they are going to appeal or not, so any potential impairment in Q4 2019 is premature until the final outcome at the court of appeal (if BA decides to appeal).

On balance, we're likely to see the best quarterly results ever in Q4 2019 from these 3 key drivers:

1) Kraken's uptime to >90% in 2H2019 (verified by Enquest)
2) Perdana RM18m/quarter savings fully recognized in Q4 from the sale of Perdana in end Q3.
3) Higher OMS utilization (combination of idle vessel disposal to pare down debt and more vessels deployed in Malaysia for Petronas)

Thereafter, in 2020, the key catalysts are:

1) OMS utilization improvement from the current 58%. This will be key in 2020 as the key growth driver. This includes the deployment of Armada Constructor and Installer at Caspian Sea Otherwise, all other FPSOs are at full utilization.
2) Disposal of Armada Claire - whatever value they get will be a cashflow gain to offset debt. I have assumed that BA will not win any appeal on Claire and will only get back the RM5m awarded by the Australian court in Sundry claims.
3) Further disposal of idle OMS vessels unlikely to be deployed to reduce maintenance cost and get cash to pare down debt. The goal is to get utilization of OMS closer to 100%.

Lastly, the 9+7 years RM8.8bn ONGC JV contract with Shapoorji Pallonji will kick in later, maybe from 2021 onwards.

There you go, all the key factors and drivers clearly laid out for you to make informed decisions. Whatever analyst reports you read later will more or less say the same thing.

Goodluck all. Your money your call

and please share your opinion on the post also, lose money how? purpose? confirm win?

share your opinion guys

DJIA futures bounced back more than 200 points.
Oil price also rebounding.
KLCI also rebounding from oversold.

Doesn't anyone realize that the new coronavirus cases in China and number of death, the growth engine of the world has reduced substantially these few days? The media is obviously more focused on reporting on South Korea, Iran and Italy because they generates more views. Stable and improving situation in China = less fear = less viewers.

Also, the political situation in Malaysia affects more domestic demand oriented companies - think fo your telcos, banks, consumers, constructions, alcohol and gaming sectors. These sectors face a lot of uncertainties because they depend a lot of government policies and local consumers.

Sectors like oil and gas, gloves, plantation stocks etc. that either derive revenue from overseas or exports overseas are relatively immune to any domestic political shocks. Especially companies like Armada where all the FPSOs are overseas earning USD. It doesn't matter whether Mahathir or Anwar or Azmin or Hishamuddin or whoever becomes PM. It doesn't matter if oil price is around US$60 or US$50 or US$40 (the breakeven cost for Kraken's production is around US$20+ ,as long as oil price is above this amout, it is economically feasible to continue production, and Armada will continue to earn the fixed charter rate).

Bumi Armada's cashflow will still be strong, recurring and stable.

Amongst the O&G companies, I would say FPSO guys are the best to invest now as a defensive move as their revenue is relatively immune to volatilities. That means companies like Yinson and Armada.

For me, Yinson is currently priced at a premium because they have much better leverage levels than Armada. While Armada is being punished although things have improved so much compared to 2 years ago.

So make your own call on what to do. It's your money.ta fa free? lose then? what is this post purpose here?

runnnnnnnnnnnnnn

jump into the armada sea and suicide

this is a racist company, no point buying