zonefinder

zonefinder | Joined since 2012-10-11

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23 hours ago | Report Abuse

Orlando, blame it on the accountants. To provide a true and fair view which sometimes screws perception in the market.

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23 hours ago | Report Abuse

Thanks Robert, I realized it after I read Raymond's analysis. Thought Gabriel was an insider..haha..

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1 day ago | Report Abuse

Gabriel, thanks for the comprehensive explanation...Glad to see more robust and substantive discussions here instead of the shitty pot shots ...cheers!

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1 day ago | Report Abuse

Look at it another way, Rohank, the impairment is giving another chance for long termers to load up at better prices..

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1 day ago | Report Abuse

Niki, you are right...fully paid up March 2023. Kraken project wise, the full benefit cash wise is 2024. Any case, we are looking at BA not just Kraken. Accounting profits will be shitty from 2025 if we do not get new projects to offset the drop in Kraken revenue of 70% during the extension tenure.

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1 day ago | Report Abuse

Niki, the cashflow is not impacted by "impairment" or depreciation but is affected by the fact that the loan for this project has been fully paid up....the cashflow for this project in 2024 is dramatic but overall has already been projected base on the expected debt reduction for BA as a whole.

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1 day ago | Report Abuse

Once the share price stabilizes over next couple of days, time to load up for the long term investors.

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1 day ago | Report Abuse

You are right, Niki. Not only profits but cash flow will be gangbusters as well.

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1 day ago | Report Abuse

Also on whether the Income tax dept recognizes this concept of PV Project cash value. If capital allowance for the asset has been fully claimed in the first few years, then the former has no impact on taxable profits

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1 day ago | Report Abuse

Taxable income is not base on accounting policy on depreciation but on capital allowances on that particular asset...

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1 day ago | Report Abuse

As for why BA is still not paying any dividends even though the business has been generating loads of cash is obvious. It still has net debt of 3.65B. Also need to conserve cash for future projects. Just simple good cash management.

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1 day ago | Report Abuse

What is now needed is for Project wins.

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1 day ago | Report Abuse

Whether there is any further such "Impairment" charges will depend on prevailing capital cost. However this is probably unlikely as likelihood of interest rate increases is low ...in fact it is expected to reduce...

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1 day ago | Report Abuse

A brief study of the financial deck given by Niki reveal that the "Impairment" is not what we normally understand as write down in value of the FPSO. What it is here is the adjustment needed to reflect the difference between the PV project cash value of the asset vs the NBV. The former is sensitive to prevailing capital cost ie interest rates while NBV is calculated base on the accounting policy on depreciation ie straight line. I suspect that they need to make this adjustment due to accounting convention ie has to provide for any known adverse impact. Note however that the cash flow for the next few quarters up to expiry of the Firm period will be a real shit load of cash as the Project loan for this FPSO has been fully paid up in March 2023. Even the cash flow for this project will more than during the first 7 years of the Firm period as there is no more finance cost ( for this FPSO) involved for the "Extension" period.

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1 week ago | Report Abuse

Lets see if can hold above 60 today

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1 week ago | Report Abuse

Lets hope its a project win

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1 week ago | Report Abuse

Huge volume pushing up price

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1 month ago | Report Abuse

A maverick investor who is probably seeing value in Gtronic. No harm throwing in a few bucks to see where it ends...

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2 months ago | Report Abuse

Happy New Year to our fellow Armadians. Be patient, our Time will come...

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2 months ago | Report Abuse

Happy New Year to our fellow Armadians. Be patient, our Time will come...

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2 months ago | Report Abuse

If can acquire Globe at 1.65 now, why want to pay 2 for 70m?

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2 months ago | Report Abuse

Avoid paying big dividends as a reason is nonsense. Payment of dividends is a management option, not a mandate.

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2 months ago | Report Abuse

On a positive note, I applaud his wife and daughter for speaking up as directors of the Company even if they are speaking up against the husband and father respectively. I wonder if the 2 billion plus cash in the books if before or after the acquisition of the bloody plane. Thai probably spending too much time in the US with jet setting tycoons and suffering from insecurity complex mixing with this lot.

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2 months ago | Report Abuse

Look at this positively especially for long term investors/sufferers...chance to accumulate more at good price..

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2023-12-01 15:29 | Report Abuse

I'm diving in at 51.5...

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2023-06-22 10:17 | Report Abuse

Relax. Short term fluctuations are normal.

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2023-06-22 09:52 | Report Abuse

I'm expecting this baby to double by end of the year.

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2023-06-20 16:54 | Report Abuse

Thanks Mr Lee for your update. This is pertinent even for long term investors. As long as these are short term hiccups, price fluctuations are non issues. Can't speak for non term traders though...

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2023-06-12 15:53 | Report Abuse

Thanks Robert for update. Loaded another batch at 43 cents.

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2023-06-09 12:00 | Report Abuse

Waiting for 43 cents before going in further.

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2023-06-09 11:59 | Report Abuse

As usual, great update from Niki. Thanks

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2023-06-07 12:01 | Report Abuse

Good luck to all you short term traders. I'm loading up.

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2023-06-06 12:41 | Report Abuse

No worries..load up

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2023-05-30 11:42 | Report Abuse

All the boxes are ticked. I would reckon the wait for long term investors will be over soon. Certainly won't be beyond a 1 year horizon.

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2023-05-29 12:41 | Report Abuse

Don't .mind IB attention not on armada. Opportunity for us to load further. Once there's major win, the price will go ballastic.

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2023-04-26 10:30 | Report Abuse

Don't get hung up over dividends..not when it's still has heavy debt issue. Also need to build up cash reserves for potential projects. Reduction of former and wins more crucial..

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2023-03-03 16:55 | Report Abuse

Those of us who have been waiting for last few year will be rewarded other next couple of qtrs. All the fundamentals are good and improving. A re-rating after a major win will drive this up further. Notice Armada price almost caught up with TopGlove and Supermax?

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2023-03-02 21:36 | Report Abuse

Let's see if this will indeed play out soon. Price action is strong.

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2023-03-02 16:26 | Report Abuse

Does look like something in the pipeline. No need to get all excited as value investors especially for those of us who has been waiting patiently for last 5 years...

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2023-03-02 15:57 | Report Abuse

Strong in last 2 days...

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2023-03-01 10:57 | Report Abuse

Good inputs esp from our BA guru Niki. As he mentioned, what is needed now is for BA to get project wins. Once this happens, it will be a catalyst for a stock re-rate. Right now for those who are value investors, just keep accumulating on any correction. Expect price to hover between 50 to 65 for now.

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2023-02-24 19:53 | Report Abuse

i3lurker, where did you get these nonsense on big funds from?

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2023-02-24 16:29 | Report Abuse

I'm queuing at 65 cts

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2023-02-24 15:38 | Report Abuse

After this result, TP won't be 60 cts anymore. I will be diving in deeper if price go below 58. I will expect counter to go above 80 once they announce a project win.

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2023-02-23 22:45 | Report Abuse

Reckon Qtr results after lunch tomorrow

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2023-01-26 12:50 | Report Abuse

Paying dividends

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2023-01-26 12:49 | Report Abuse

Paying will be insane when paying down loans and holding cash reserves for potential projects are key. What we now need are a couple of contract wins in coming months for stock price to shoot up.

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2022-12-01 17:05 | Report Abuse

Waiting for the TotalENergies FPSO catalyst to bring this over 60sen

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2022-12-01 16:15 | Report Abuse

Its fundamentals point towards it being grossly undervalued.