Posted by i3lurker > 2020-02-27 14:10 |

Post removed.Why?

Posted by investopology > 2020-02-27 14:11 | Report Abuse

pls sell or else you will only can sell below 30c.

Posted by allamo > 2020-02-27 14:12 | Report Abuse

on the spot!
high5 i3lurker!

chinese old saying as忠言逆耳

Posted by AlvinTSK > 2020-02-27 14:14 | Report Abuse

A lot of pain, anger and betrayal feeling here...
If everyone meet face to face, there might be a boxing match!!

Posted by Cakes Moon > 2020-02-27 14:14 | Report Abuse

Making a loss, it is time to let go~

Posted by i3lurker > 2020-02-27 14:15 | Report Abuse

the writing is already on the wall

petrol will be banned in UK in 15 years
other countries will follow very soon

Car manufacturers shifting production to electric cars pending crude oil ban coming soon.

Antarctic snow melted 20% in 9 days
not much time left

all better take swimming lessons

so all Global Funds selling all their exposure to O&G companies

Posted by allamo > 2020-02-27 14:17 | Report Abuse

i3lurker in ancient Greece, news bearers who gives news not to their liking are always killed

nobody wants to know th truth especially Snake Oil salesmen

you can hold or buy more and take a gambling risk that USD50 crude oil is temporary.

if USD50 crude oil holds then Armada goes bankrupt. Its simple
27/02/2020 2:10 PM

snake oil salesman is the one who twist and turn the facts, truth is out there but snake oil salesman twisted it, mislead it! make own use! i admit there are some very clever people here, but problem is they are too cunning!

Posted by allamo > 2020-02-27 14:17 | Report Abuse

oh,your old sly fox master ask you to scare investor in armada here, so that your agenda will be serve?
investopology pls sell or else you will only can sell below 30c.
27/02/2020 2:11 PM

told ya, your not a politician, you are only a politikus! 老鼠

Posted by TAK1 > 2020-02-27 14:18 | Report Abuse

58M

Posted by john1102 > 2020-02-27 14:18 | Report Abuse

a lot sell at 0.3, wtf

Posted by greatinvestor > 2020-02-27 14:21 | Report Abuse

eskaylien @nicholas

Don't mislead investors here with your statement that debts has increased further.

In fact, net debt has been REDUCED by almost 800 million from 9.2B as at end-2018 to 8.4B now

BY THE WAY, IF ITS TRUE 8.4BIL,DO YOU THINK IT IS A PROUD THING TO SHOW ,FOR SUCH HIGH DEBTS COMPANY? EVEN WORST A CONMAN COMPANY THAT ALLIES WITH SCAMMERS

Posted by k3nthiew > 2020-02-27 14:23 | Report Abuse

The Group reported a net loss1 of RM235.2 million in Q4 2019, due mainly to an
impairment of RM233.6 million in the FPO business relating to the accrued lease
rental following the judgment delivered by the Supreme Court on 24 January 2020 in
favour of Woodside Energy Julimar Pty Ltd. After reviewing the judgment, the Group
will file an appeal against the decision of the Supreme Court.

Posted by donnie > 2020-02-27 14:25 | Report Abuse

you share true thoughts! Bravo!

i3lurker the writing is already on the wall

petrol will be banned in UK in 15 years
other countries will follow very soon

Car manufacturers shifting production to electric cars pending crude oil ban coming soon.

Antarctic snow melted 20% in 9 days
not much time left

all better take swimming lessons

so all Global Funds selling all their exposure to O&G companies
27/02/2020 2:15 PM

Posted by GooShem > 2020-02-27 14:25 | Report Abuse

the result actually not bad

Posted by sheep > 2020-02-27 14:26 | Report Abuse

company let next quarter more impairment lost ....... wakaka

Posted by Mabel > 2020-02-27 14:27 | Report Abuse

@k3nthiew The Group reported a net loss1 of RM235.2 million in Q4 2019, due mainly to an impairment of RM233.6 million in the FPO business relating to the accrued lease rental following the judgment delivered by the Supreme Court on 24 January 2020 in favour of Woodside Energy Julimar Pty Ltd. After reviewing the judgment, the Group will file an appeal against the decision of the Supreme Court.
27/02/2020 2:23 PM

It's a temporary set back...

Will continue to hold since my Holding Cost is low..

Once their appeal is won, this will rebound back to 60...

Meow

Posted by sheep > 2020-02-27 14:27 | Report Abuse

buy below 0.30...sure win...wakaka

Posted by CITADEL > 2020-02-27 14:29 | Report Abuse

boom!!!!!

Posted by donnie > 2020-02-27 14:29 | Report Abuse

conman rj87, you mess with the wrong people, in the wrong place, better learn your lesson! if you are so tough, better be a god of traders! don't be a chicken poop mouth tough in forum only!

Posted by eskaylien > 2020-02-27 14:31 | Report Abuse

BY THE WAY, IF ITS TRUE 8.4BIL,DO YOU THINK IT IS A PROUD THING TO SHOW ,FOR SUCH HIGH DEBTS COMPANY? EVEN WORST A CONMAN COMPANY THAT ALLIES WITH SCAMMERS @ greatinvestor

While the figure is still high, the trend is obvious - it is being reduced at roughly 700-800m per year.
Armada is a going-concern business.
Adding back the one-off impairment charges, underlying profits for 2019 is actually RM280m or 4.8sen EPS

Posted by GooShem > 2020-02-27 14:32 | Report Abuse

wtf, result good also drop ...

Posted by paktua73 > 2020-02-27 14:33 | Report Abuse

yes match paktua queue done reload some at 0.305..
let come some more


tut tut
love red red

Posted by Simone1988 > 2020-02-27 14:34 | Report Abuse

Still got chui kong lan par song people here saying this qtr result not so bad. For the last few weeks price are not moving indications that the qtr result are no good. Epf selling till no more substantial shareholders another indication. Epf agent might have some "insider" knowledge about the result

Posted by funky123 > 2020-02-27 14:35 | Report Abuse

going down south liao, hamkacarn liao armada going with conman rj87 and his family!

Posted by bullrun1985 > 2020-02-27 14:36 | Report Abuse

RJ87, lose gao gao this time

Posted by funky123 > 2020-02-27 14:36 | Report Abuse

ask rj87, he will defend this statement till the end of the day!

Simone1988 Still got chui kong lan par song people here saying this qtr result not so bad. For the last few weeks price are not moving indications that the qtr result are no good. Epf selling till no more substantial shareholders another indication. Epf agent might have some "insider" knowledge about the result
27/02/2020 2:34 PM

Posted by bullrun1985 > 2020-02-27 14:39 | Report Abuse

mikekim, 30 mil shares x 0.09 = rm2.7mil in a week

Posted by funky123 > 2020-02-27 14:40 | Report Abuse

rj87 conman you better come out to apologise to all those who listen to you and you group of lying thieves! scammer alert scammer alert!

Posted by bullrun1985 > 2020-02-27 14:40 | Report Abuse

IK, 12 mil x 0.09 = rm1.08 mil in a week

Posted by bullrun1985 > 2020-02-27 14:40 | Report Abuse

RJ87, lose rm170k in a week

Posted by shpg22 > 2020-02-27 14:42 | Report Abuse

Impairment is a one-off item for most company. But for ARMADA is not an exceptional item. Live with it. More to cum. Up to date, they had impaired more than 4 billion of asset every single year without fail since 2015

Posted by funky123 > 2020-02-27 14:43 | Report Abuse

let s get funky with it! yo you guys, have you heard before there is a group of scammers here in armada? listen listen listen..... 1 2 cha cha cha, 3 4 boom bibi, 5 6 letssssssss tango, 7 8 oh lala,
9 10 oh my guan ying ma! amitabha rest in peace rj87 and his whole family

Posted by freddiehero > 2020-02-27 14:43 | Report Abuse

bravo.. thanks all info

Posted by CITADEL > 2020-02-27 14:45 |

Post removed.Why?

Posted by funky123 > 2020-02-27 14:45 | Report Abuse

now can you dig it sxckerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrdedicated only for rj87 a true scammer in armada!

Posted by funky123 > 2020-02-27 14:47 | Report Abuse

no need to change your account, we know who you are, even the great mabel! meow

spinninglotus Like I have said

Armada Claire has USD200million sitting on the book
Bumi armada has only impaired RM250million out of that about 25% impaired

More impairement to come

Don't chase after the share price

Use this rebound as opportunity to sell and exit

Don't buy now

Bumi Armada will drop to 25 cents for sure!!!
27/02/2020 2:42 PM

this is his own opinion, any more opinion? please no onion ah, just like sourgrape conman rj87. everyday cry!

Posted by heima > 2020-02-27 14:51 | Report Abuse

result bad with panic selling but buy rate still more than 50% now...

Posted by funky123 > 2020-02-27 14:51 | Report Abuse

bullrun1985 IK, 12 mil x 0.09 = rm1.08 mil in a week
27/02/2020 2:40 PM

bullrun1985 RJ87, lose rm170k in a week
27/02/2020 2:40 PM

need to pinjam ah long or not conman rj87? since you are so shameless to con people in armada, i think if you con ah long also no problem! 脸皮厚过棺材板 conman rj87! i see some sticker just downstairs my office. near 1-u

Posted by Silent75 > 2020-02-27 14:54 | Report Abuse

Damm armada.... Why always disappointing us

Posted by Letsfly > 2020-02-27 14:54 | Report Abuse

Damn need to cut off already...

Posted by funky123 > 2020-02-27 14:55 | Report Abuse

go ask those madafaka promoter here, conman rj87, mikekim, super panda, and 2 or3 more small potato i forgot their name
Silent75 Damm armada.... Why always disappointing us
27/02/2020 2:54 PM

Posted by john1102 > 2020-02-27 14:56 | Report Abuse

jibai

Posted by funky123 > 2020-02-27 14:56 | Report Abuse

It’s sad that this forum has deteriorated and stooped to this level of gibberish. I have decided that it’s not useful to me anymore in anyway and I will stop posting as it’s just a waste of time.

This will be my last post.

Goodluck all!


Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 8:32 PM | Report Abuse

It’s not “confirmed” out on 27 Feb.
It is “scheduled to be out”.

There’s a difference.


Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 5:38 PM | Report Abuse

IK, Jonathan just reiterated to me now that the estimated release date is 27 February, Thursday.
When did you get the info about Friday from Jonathan?

---

InvestorKING

Feb 25, 2020 12:40 PM | Report Abuse

Jonathan said this Friday quarter report being released


Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 5:35 PM | Report Abuse

Strongest quarter core net profit is coming.


Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 5:34 PM | Report Abuse

Transacted another 2.3m shares today.
Goodluck all.

Posted by funky123 > 2020-02-27 14:56 | Report Abuse

Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 3:53 PM | Report Abuse

Ringgit is weakening while KLCI is up.
Obviously local funds are buying while foreign funds are selling.


Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 3:49 PM | Report Abuse

Strongly recommend you to sell bullrun1985 and have peace of mind


Stock: [ARMADA]: BUMI ARMADA BHD

Feb 25, 2020 2:20 PM | Report Abuse

Just ignore gibberish on this forum and stop giving them attention that they crave.
It will eventually stop when they get bored.

Posted by heima > 2020-02-27 14:56 | Report Abuse

the buy rate keep increasing, who is buying ?

Posted by GooShem > 2020-02-27 14:57 | Report Abuse

rebuy, rebounding ... 0.33 now ... should close back 0.375

Posted by funky123 > 2020-02-27 14:57 | Report Abuse

those post above are their snake head post as known as mikekim

Posted by funky123 > 2020-02-27 14:58 | Report Abuse

RJ87 When in doubt, give this a read again....

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)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

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)
23/02/2020 7:45 PM

Posted by RJ87 > 2020-02-27 14:58 | Report Abuse

=D

Posted by funky123 > 2020-02-27 14:58 | Report Abuse

RJ87 Institutional investor won't take expect, confident will in their valuation. They take what is and what is not.

When it's converted, current ratio increased to 1, 4 rolling Quarter profit, at Annualised earnings 6sen. PE 10 will be 60sen. PE12 will 72sen. Ok...u say PE not good comparison.

Then
Yinson total Asset RM9.5Bil, current liability RM1.25Bil, total liability RM5.6bil, Orderbook RM20Bil, NTA, RM1.58, Revenue RM240mil grossprofit, RM135mil(Gross Margin = 56%), PAT RM70mil. Price RM7.11 Market Cap 7.8Bil

Armada total asset RM15Bil, current liability RM3.5bil, total liability, RM11.3Bil, Orderbook RM20Bil,
NTA, RM0.59, Revenue RM520mil, grossprofit, RM198(Gross Margin = 38%), PAT 70mil.
Price RM0.40. Market Cap 2.35Bil

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)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

Gary Neal Christenson, joined 28 May 2018. with 35Mil shares.

Comparing the two, Armada has 2 numbers that looked like crap.
Gross Margin of Armada (38%) vs Yinson (56%). Further reduce the fleet of OSV and bring margin upto 40% or Urusharta go squeeze Petronas to give Armada more OMS job. Bring the Gross Margin to 45% ish. Sell OSV pare down debts will reduce operational cost and finance cost making better PBT margin. Current Ratio, Armada (0.65X) vs Yinson (1.86X). When Kraken debt converted to Long Term debt, Current Ratio will be (2.24/2 = 1.12X). If the impairment reversal happens. Say RM1Bil from Kraken.

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)

This 2 company quite similar. If u don't like the debts, u discount 50% from Market Cap. Armada at least worth RM4bil at 68sen. If you don't want discount from market cap. Discount from 70% from earnings, at PE 10, is 60sen. Yinson can go buy premium. Come to Armada, discount this discount that. Really puki one.

When the outbreak happens, Armada loss by 33%. Yinson hardly lost 10%. When bad sentiments hit, u think only hit Armada is it? No. It's because yinson don't have chicken shit investor. Yinson trading at RM7 and Armada 40sen. Chicken shit like i3lurkers, spinninglotus and the naked boys dare to go there mer? Very huge difference.

What armada need to exercise is share consolidation like ICON. 5:1. Bring the price up RM2.00. Or consolidation from 10:1. at RM4. Then, u can see chicken shit go hide in reban ayam. Don't come here kacau2. If RJ87 can know what to do, these big @ss investor would have known too. The reason why it's not exercised yet leads me to believe, they purposely keep it at this price. Previous CEO and CFO impair 2.4bil and breach Sukuk covenent plunge the price from 90sen to 15sen. No way a CFO dumb enough not know about debt covenant. 2018, change both CEO and CFO, strong operating profit. Gary came in with 35mil shares. He is put there to drive the price back up creating a turnaround story. I think someone made money from the fall. The remaining question is if the fella has collected enough to close his short position and collected more to push it back up. 90sen down to 15sen made 75sen (600%). 20sen push back to 90sen. Another 70sen (450%). Sibeh SONG. Do this few round, EPF can declare 10% dividend already. =D

========================================================

mikekim I'm also expecting RM1.5bn Kraken debt to be reclassified from short term to long term.
Management has expected this to be done in Q4 2019.
Then there will be 0 liquidity risk for Bumi Armada over the next 5 years.
23/02/2020 2:06 AM