RJ87 Incorrect...Armada's Gross Profit will continue to flow in generating almost RM1Bil in cash from operation before changes in working capital and RM500mil net cash (Not trade receivables like ARBB with negative net cash of 40mil with 35mil "profit"). That's not gonna change if RJ sold or Jameswong66 bought.
But if cash generation continue to strengthen; RJ would be an idiot to have sold at 70-80sen to Jameswong66 if performance continue to improve. The right strategy to exit is when market over values Armada's future earnings. E.g Yinson's PE at 30. Armada PE30 at EPS 6sen per annum; that's RM1.80. I will a hypocrite to not call Armada overpriced if it's RM1.80 if EPS doesn't grow to 8sen or 12 sen.
Get educated on difference between orderbook and MOU. MOU song song can mutually terminate (just like ARBB - last quarter song song terminate USD220mil worth of MoU). Armada's SA and Orderbook? You get sued if u conveniently terminate. That's the USD275mil Armada suing Woodside.
FPO/OMS is better investment bcos 1) The customers are international. 2) Clear revenue visibility from orderbook. 3) Charter rate does not directly affected by oil price.
Remember...get yourself educated. Know what and why you buy! Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit. A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?
Here's the comparison between Armada and Yinson.
Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil) Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X) PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X) Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)
After Short Term Debt conversion to Long Term Debts Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil) PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X) Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X) Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)
================================================================= hsltee they 0.375 numbers are just all numbers, mostly you know who play with this numbers, once they earn from these numbers, sell off. shares price will drop 26/02/2020 5:24 PM
with this revenue 100% sure win? buy all in? or still cover up your conman arse with your money your call?
Woodside kena sue for USD275mil because the conveniently terminate contract with Armada.
U know how to read one or not? But Armada gets paid for the conversion work and keep the ship. The problem is there is operational cost comes together from keeping the ship.
If redeployed or sold, additional income or reduced operational expenses. Only good news, no bad news.
can outperform, yes ,ask conman rj87. he has insider info and his snake head taiko has insider dealings with armada, kaki pao ma, pao roadside longkang ,sapu longkang everday la woi gayyboy conman rj87
Remember...get yourself educated. Know what and why you buy! Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit. A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?
Here's the comparison between Armada and Yinson. REAL BUSINESS.
Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil) Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X) PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X) Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)
After Short Term Debt conversion to Long Term Debts Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil) PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X) Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X) Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)
Further to the announcement made on 26 September 2019, Bumi Armada Berhad ("Bumi Armada" or the "Company") wishes to announce that its wholly-owned subsidiary, Armada Floating Gas Storage Malta Ltd. ("AFGSM"), has entered into a 6-year term loan facility of USD45 million (RM189 million) from Mezzanine Equities N.V., a wholly-owned subsidiary of Usaha Tegas Sdn. Bhd.
The security for the Facility is the standard security package for this type of project financing facility which includes a first ranking asset security, a first ranking mortgage over the floating storage unit operating in Malta (“Malta FSU”), a charge over shares and bank accounts of AFGSM, and an assignment over AFGSM’s rights under the Malta FSU charter contract.
This announcement is dated 11 October 2019.
so high gearing still adding more up? ruuuunnnnnnnn selllllll fasttttttttttttttt
RJ87 Remember...get yourself educated. Know what and why you buy! Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit. A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?
Here's the comparison between Armada and Yinson. REAL BUSINESS.
Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil) Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X) PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X) Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)
After Short Term Debt conversion to Long Term Debts Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil) PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X) Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X) Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X) Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X) 27/02/2020 10:58 AM
yohooo with this figure armada sure 100% win la, sell your house all in armada, conman rj87 so confirm with his post, wakakakaka
good one, shares price goes up or down , its never has been outsider IN POWER to control. so those speculations, margins, numbers, all talk cock only. even a near pn17 counter price will rise. we just act stupid and see that dumfucckker plays his monkey show
but i3lurker, we are all malaysians, better hope no malaysia company go pn17. Every malaysian owned company is our malaysia pride. Even when go overseas, saw malaysians who operate business there, we will support them with no prejudice
Further to the announcement made on 26 September 2019, Bumi Armada Berhad ("Bumi Armada" or the "Company") wishes to announce that its wholly-owned subsidiary, Armada Floating Gas Storage Malta Ltd. ("AFGSM"), has entered into a 6-year term loan facility of USD45 million (RM189 million) from Mezzanine Equities N.V., a wholly-owned subsidiary of Usaha Tegas Sdn. Bhd.
The security for the Facility is the standard security package for this type of project financing facility which includes a first ranking asset security, a first ranking mortgage over the floating storage unit operating in Malta (“Malta FSU”), a charge over shares and bank accounts of AFGSM, and an assignment over AFGSM’s rights under the Malta FSU charter contract.
This announcement is dated 11 October 2019.
when you know your happy you stump your feet, thomp thomp
but how you gonna sell your arses for so huge debts to pay off?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
umamimami
2 posts
Posted by umamimami > 2020-02-27 10:45 | Report Abuse
ha ha ha