Posted by Valgrovest > 2020-09-02 10:47 | Report Abuse

I think it can go much higher than current level....world oil prices are moving up now !

Posted by moneycome123456 > 2020-09-02 11:50 | Report Abuse

Wow top 0.65, very high. Stil have long way to climb up...hold

Posted by MM78 > 2020-09-02 12:03 | Report Abuse

To assess the potential amount of further imparment ( worst case scenario) , we need to find out how much are the assets of OMS Armada still has on their book after the impairments so far. Any one can find out from the latest report ( I tried but could not find)?

Posted by strattegist > 2020-09-02 12:03 | Report Abuse

steady green

Posted by Trapps > 2020-09-02 13:13 | Report Abuse

Volume is getting higher....afternoon session will have more show?? People keep chase

Posted by Friendship > 2020-09-02 13:29 | Report Abuse

0.50 by month end is almost certain

Posted by SteadyNerves > 2020-09-02 14:01 | Report Abuse

@MM78 If an asset is not impaired, it will also be depreciated anyway. Either take impairment up front, or depreciation over time. Either way still charged out.

So taking impairment now actually means in future lower depreciation, and higher profits

Posted by ageetkumar > 2020-09-02 15:27 | Report Abuse

Armada has around 25 Offshore vessels and a couple of pipe lay / construction vessel. The brand new cost of each OSV is around USD 15 mil. Take 100 mil for 2 construction vsls. That will make around USD 700mil of MYR 2.8 Bn as new. Armad has in the last last couple of years declared impairment in excess on MYR 2 Bn. So these assets should be sitting in their books at close to scrap or zero value. I can't see how they can have any further impairments unless some kind of accounting gimmick / fraud is at play here

Posted by SteadyNerves > 2020-09-02 15:30 | Report Abuse

great share ageet! their auditors pwc i think got standard la. wont have gimmick

Posted by strattegist > 2020-09-02 15:43 | Report Abuse

green

Posted by MM78 > 2020-09-02 16:18 | Report Abuse

Thank you ageetKumar for your knowledgeable estimate of the OMS values in Armada, base on what you shared, it is logical we should not expect too much potential impairment in immediate future . Given good performance of Armada Kraken, we can expect better results in the next few quarters as long as the loan amount is continuously pared down too.

Posted by nikicheong > 2020-09-02 16:20 | Report Abuse

Don't forget that Armada Claire and Armada Perdana was also involved in impairment. Over USD350mil for both vessels, which comes up to around RM1.5bil.

The value of ALL their vessels (FPSO and OMS) is around RM4.8bil on the books.

Armada Claire still has receivables of USD20mil on the books, so look out for further impairment on that as well.

Posted by probability > 2020-09-02 16:21 | Report Abuse

Huat ah!

Posted by Joe > 2020-09-02 16:23 | Report Abuse

Armada.. Good run from.0.24...almost 40%...take profit...convert to Hibiscus... For the play...posible to move anytime by next week....

Posted by nikicheong > 2020-09-02 16:24 | Report Abuse

Also good thing for Armada is that FPSO contract awards have now been called off / delayed. Armada financials is quite bad now, lots of debt. But cash flow is good, so within next 6 to 12 months the financial footing will be stronger. By middle of next year, it will be able to bid for new FPSO contracts.

Posted by AnaiAnai > 2020-09-02 16:25 | Report Abuse

40sen kambing

Posted by tkl88 > 2020-09-02 16:29 |

Post removed.Why?

Posted by green head boy > 2020-09-02 16:29 | Report Abuse

suddenly volume moving fast...

Posted by KAQ4468 > 2020-09-02 16:29 | Report Abuse

tomorrow more hot

Posted by KAQ4468 > 2020-09-02 16:30 | Report Abuse

kasi pecah cinema

Posted by KAQ4468 > 2020-09-02 16:30 | Report Abuse

peewwiitttttt

Posted by KAQ4468 > 2020-09-02 16:30 | Report Abuse

I smell 60 cents

Posted by SteadyNerves > 2020-09-02 16:31 | Report Abuse

All better pick up before tomorrow

Posted by stainlyho37 > 2020-09-02 16:31 | Report Abuse

yes..u will see the revise tp from now on..0.5...0.6...0.7 .....

Posted by strattegist > 2020-09-02 16:40 | Report Abuse

steady green

Posted by MM78 > 2020-09-02 16:42 | Report Abuse

Thanks NikiCheong, so it means OSV in Arama still worth about RM 1.3 billions if base on purchase values then but after years of depreciations in addition to impairments , the book values should be less than that . So future impairment amount still would not be too big I guess . ( Gut feel as I am not accountant ) . Any good accountant here may tell us even better ?

Posted by KAQ4468 > 2020-09-02 16:42 | Report Abuse

waaaaaaaaa



The share price should (0.80 ~ 1.20)


lagi up wooo

Posted by KAQ4468 > 2020-09-02 16:43 | Report Abuse

2 ringgit la ... serupa dulu dulu

Posted by KAQ4468 > 2020-09-02 16:45 | Report Abuse

I smell new Audi

I smell new Bungalow

I smell new Wife

Posted by KAQ4468 > 2020-09-02 16:45 | Report Abuse

wakakakakakakaka

Posted by tkl88 > 2020-09-02 16:57 | Report Abuse

Dow Jones continue it's bull run !
As at 4.57pm,
28,824.5 (+202.5) (+0.71 %) !

Posted by strattegist > 2020-09-02 16:58 |

Post removed.Why?

Posted by KAQ4468 > 2020-09-02 17:00 | Report Abuse

tomorrow continue watching movie

Posted by KAQ4468 > 2020-09-02 17:01 | Report Abuse

more popcorn

Posted by rizerlee > 2020-09-02 17:07 | Report Abuse

Just read Armada's quarterly report

Deposits, cash and bank balances : RM 849,534,000
CURRENT LIABILITIES - Borrowing : RM 1,725,649.000
NON-CURRENT LIABILITIES - Borrowing : RM 7,627,256,000

Posted by alvin0255 > 2020-09-02 17:08 | Report Abuse

bila goreng, tak da orang tengok fundamental la.aiyoyo

Posted by alvin0255 > 2020-09-02 17:09 | Report Abuse

hooray, engine started, see what happens after 2019 Q2. FLY FLY all the way to 0.5x

Posted by rizerlee > 2020-09-02 17:11 | Report Abuse

Interest expense : RM 262,496,000

Be careful if inflation shot up and interest rate hike

Posted by strattegist > 2020-09-02 17:30 | Report Abuse

closed green

Posted by armadatuah2017 > 2020-09-02 17:31 | Report Abuse

at this bad timing where every company is lossing money, BA performs exceptionally well with high profits....history will repeat yo boost all the way till next good quarter

Posted by armadatuah2017 > 2020-09-02 17:31 | Report Abuse

it will reach 0.55 again

Posted by nich0las > 2020-09-02 19:32 | Report Abuse

Always talk bout Debts, Airasia also alots debt, so what? The price can goto RM4 when PEAK! Wait the oil come. You will know liao, debt pi lah....

Posted by VenFx > 2020-09-02 19:37 | Report Abuse

keep vrooming

Soon kiss 0.450

Posted by SiLiaw > 2020-09-02 22:44 | Report Abuse

this time for real, close one eye just buy in and wait collect profits

Posted by stephenbond > 2020-09-02 23:01 | Report Abuse

2-3 days show maybe

Posted by moneycome123456 > 2020-09-02 23:06 | Report Abuse

2 to 3 day, after that 1 day rest. Then up again. Hihi...

Posted by sharewiz118 > 2020-09-02 23:47 | Report Abuse

Brent drop to USD 44 plus SHIT

Posted by silentWolf > 2020-09-03 00:21 | Report Abuse

tmr drop then buy again..

Posted by tkl88 > 2020-09-03 00:45 | Report Abuse

Wow, Fantastic !
As at 12.45am,
Dow Jones at=>28,898.26 (+252.60) (+0.88 %) !

Posted by Xoxking3 > 2020-09-03 05:41 | Report Abuse

Armada rm12