Posted by strattegist > 2020-12-07 17:32 | Report Abuse

relaxing...

Posted by JoyOhi > 2020-12-07 18:46 | Report Abuse

O&G counters goin down because of the recent resurgence of covid19 cases in US, it caused uncertainty on oil prices. But do not be panic, Pfizer vaccine boutta authorized for mass vaccination by FDA soon either this week or next week

Posted by Robert Waters > 2020-12-07 20:06 | Report Abuse

Finally a meaningful post here. Thank you jojobaa.

Posted by Mabel > 2020-12-07 21:05 | Report Abuse

BUMI ARMADA IS NOW CRUSING WITH 2 CONSECUTIVE QUARTERS PROFITS

Armada Key Ratio

Income Ratio

Gross Profit Margin - 40.00%
Net Profit Margin (Adj.) - 10.10%
Return on Equity (Adj.) - 7.03%

Balance Sheet Ratio
Current Balance Sheet Ratio - 0.830x
Cash Ratio - 0.400x
Total Debt to Equity Ratio - 3.13x

Cash Flow Ratios Fiscal (MYR, MM)

Cash From Operations - 831.3
CAPEX - (53.220)
Free Cash Flow (FCF) - 778.1

Market Cap: 1,736 Million
NOSH: 5,886 Million
Avg Volume (4 weeks): 63,903,520
4 Weeks Range: 0.21 - 0.30
4 Weeks Price Volatility (%): 94.44%
52 Weeks Range: 0.11 - 0.555
52 Weeks Price Volatility (%): 41.57%
Average Price Target: 40
Price Target Upside/Downside: +0.105

Brent will touch USD 50 soon..

Let's aim the skies this week...

All the best !

Meow Meow Meow

Posted by Mabel > 2020-12-07 21:27 | Report Abuse

#Mikecyc Haha Kon Mabell is chun chun lah on Shorting ke ..hahaha
07/12/2020 4:46 PM

Today nothing Mickey Mouse said will make Mabel angry...

All Mabel 11 Fossil Fuel Battleships and 11 Biodiesel Fuel Plantation are up cruising on Full Speed...

Mabel Fossil Fuel Battleship Armada and Bio Fuel TDM Plantation which is equipped with Medical Centres are both cruising at high speed with both exceeding 125 million shares traded.

Let see which one will break 40 sen first..

Meow Meow Meow

P/S Dr Ooi is still waiting for you with his long needle Vaccine ..

Posted by Mikecyc > 2020-12-07 22:06 |

Post removed.Why?

Posted by Mikecyc > 2020-12-07 22:07 |

Post removed.Why?

Posted by Mikecyc > 2020-12-07 22:09 |

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Posted by Mikecyc > 2020-12-07 22:09 | Report Abuse

Shorting woh ....

Posted by Vanbasten > 2020-12-07 23:33 | Report Abuse

Just fall my darling fall.. The deeper the fall the better

Posted by Mikecyc > 2020-12-08 05:20 |

Post removed.Why?

Posted by Mikecyc > 2020-12-08 05:21 |

Post removed.Why?

Posted by Mikecyc > 2020-12-08 08:19 |

Post removed.Why?

Posted by Jojobaa > 2020-12-08 08:56 | Report Abuse

https://www.enquest.com/fileadmin/content/press_release_pdfs/2020/Operations_Update_vF.pdf

@Mikecyc

Posted by Mikecyc > 2020-12-08 09:50 |

Post removed.Why?

Posted by Sslee > 2020-12-08 10:01 | Report Abuse

Haha hengyuan casino more excitement roller coaster ride

Posted by Mikecyc > 2020-12-08 10:05 |

Post removed.Why?

Posted by Sslee > 2020-12-08 10:06 | Report Abuse

Haha let QL after MGO Boilermech then takeover Lay Hong.

Posted by Mikecyc > 2020-12-08 10:06 | Report Abuse

Aiyo yo Kenanga is rest day ke .. i3lurker ...

Posted by dusti > 2020-12-08 10:08 | Report Abuse

Looks exhausted. Need a boost

Posted by Sslee > 2020-12-08 10:12 | Report Abuse

I3lurker my tunepro and Ewint all green green now.

Posted by Markv572421 > 2020-12-08 10:20 | Report Abuse

Armada looks weak now ....sien

Posted by Mikecyc > 2020-12-08 10:21 |

Post removed.Why?

Posted by Mikecyc > 2020-12-08 10:27 |

Post removed.Why?

Posted by Bluey > 2020-12-08 10:31 | Report Abuse

Great potential. Time to collect a few for year end run

Posted by Markv572421 > 2020-12-08 10:33 | Report Abuse

Means Armada going to bankrupt soon ?

Posted by Mikecyc > 2020-12-08 10:40 |

Post removed.Why?

Posted by Markv572421 > 2020-12-08 10:51 | Report Abuse

Just say armada become worst lohhh..apa susah ....the price also drop ....for what

Posted by Mikecyc > 2020-12-08 11:23 |

Post removed.Why?

Posted by Mikecyc > 2020-12-08 11:24 |

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Posted by i3lurker > 2020-12-08 11:44 | Report Abuse

mike
wake up
wake up

Q4 huge profit news already leaked out, look at share price already increased more than 10 sen

somebody already recorded an "Overheard" video at Armada corporate office
people will do "anything" when millions of RM are involved

its very simple technology

Posted by Alexloc04 > 2020-12-08 11:44 | Report Abuse

Dun panic,
I remember someone from this group mentioned share prices will fluctuate this few days and move uptrend again.
Share prices will not forever move up every day, if yes some things may be wrong.
Last few days this counter moved up a bit and fluctuating, those play short term or T+ d that can't hold for long will be swept away.
If anyone aiming for long term for sure will gains from this counter.
As far as this counter is moving uptrend for times, is good for long term investment.

Posted by Markv572421 > 2020-12-08 11:56 | Report Abuse

i guess long term investment could be 1-6 months..

Posted by nikicheong > 2020-12-08 12:38 | Report Abuse

Jojobaa, sorry for wrong name.

FYI, Kraken is not JV. It is 100% owned vessel. JV are the Armada Sterling 1, 2 and 3 FPSOs.

Posted by Mikecyc > 2020-12-08 13:59 |

Post removed.Why?

Posted by Mikecyc > 2020-12-08 14:01 | Report Abuse

>> EIA forecasts monthly Brent spot prices will average $42/b during the fourth quarter of 2020 and will rise to an average of $47/b in 2021 .

Posted by Mikecyc > 2020-12-08 14:01 | Report Abuse

2017 brent oil price is averagely USD 54.71 ,2018 brent oil price is averagely USD 65.23 , 2019 is USD 56.99 ( year high USD 66.24 )

Posted by Mikecyc > 2020-12-08 14:06 |

Post removed.Why?

Posted by Jojobaa > 2020-12-08 14:28 | Report Abuse

I do not wish to reply Mikecyc cause he's just spamming whatever he reads but Jojobaa can't stand people who forms their perception based on selected information so here goes a rebuttal:

Haha Kraken with RM 4.6 billion contract but made impairment RM 1.6 billion oredi ... schedule maintenance fund is used up ... each schedule maintenance will incurr 20 million ? 30 million or more Loss

Jojobaa's analysis:
Impairments are done relative to investments made, it is not an operating loss per se, but rather a loss relative to the investments made. A company should be valued based on its future prospect, rather than its past investments. Impairments are done so the future cash flow of Kraken should be valued, not the impairments. In fact, impairments will boost up future profits via savings of depreciation of 1.6 billion during its life span.

Impairments are done based on a set of DCF calculations, which has assumptions bearing cash flow, contracts, extensions and oil prices. If circumstances change with relevance to this, or if present conditions are worse off than management's and auditor's expectations, then impairments can happen. Even Exxon impair billions, but again it is with respect to past investments made, not future cash flow, thereby a NON CASH FLOW EXPENSE.

>> EIA forecasts monthly Brent spot prices will average $42/b during the fourth quarter of 2020 and will rise to an average of $47/b in 2021 .

Jojobaa's analysis:
According to the annual report and press releases, Armada CEO has said that FPSO business is relatively immune to oil prices. I wrote something about this above, maybe you should read it. The only way oil can affect FPSO business is if the oil prices are sustained at below cash flow break even for a PROLONGED period of time. Hope you understand that oil prices only affect the sentiment and future potential project decisions but not necessarily the results that Armada is running day to day.

Haha Kraken first oil in 2018 .. Huge Loss .... 2019 sold FPSO Perdana , result only with little Profit , if not will be in more than 200 million Loss .... 2020 still in Loss ..

On the contrary, Kraken is a lucrative profitable FPSO with over 650 million ringgit in revenue a year. It is the second most important FPSO for Armada after Armada Olombendo. Whatever Enquest produces is theirs to make or lose, Armada's obligation under the charter is merely to maintain the uptime, not on how much oil it produces. Look at the annual report and results and you will see that the uptime of Kraken has been near flawless for the last 3 quarters, despite Covid.

So to Mikecyc, it is no coincidence that Armada has surged after 2 quarters of consecutive results. You can continue to spam hate messages on a well run company but come back 3 months later post 4Q results release, and maybe we can have another talk then where you continue to bash Armada while shareholders continue to enjoy the upside.

Posted by Jojobaa > 2020-12-08 14:32 | Report Abuse

Dear Nikicheong,

Jojobaa has done extensive research on Armada and he knows that Kraken is 100% owned.

But look at the share of associate results for the past 3 quarters on Armada. It has only broken even whereas according to the annual report analysis of segmental breakdown, Armada should be able to make 100 mil from its share a year. Why has it not been reporting positive profits. Channel check reveals that there are deferred tax liabilities arising from temporary differences of the carrying value of the asset against its base, and these are non cash liabilities but will eat into the P&L. 4Q should see it returning to the black as the tax liabilities stops being included in the P&L statement.

Posted by Markv572421 > 2020-12-08 14:46 | Report Abuse

many people selling ...run run away

Posted by Markv572421 > 2020-12-08 15:03 | Report Abuse

stupid contra players

Posted by mikekim > 2020-12-08 15:28 | Report Abuse

It's been a while guys.
US vaccine approval + US$900plus billion stimulus this week.
All near term headwinds are just temporary - this is the best time to enter on short term weakness and ride the gains.

Posted by Markv572421 > 2020-12-08 15:37 | Report Abuse

NO NEED ACCUMULATE LAA ....JUST SELL .....NO USE LA THIS COUNTER

Posted by MM78 > 2020-12-08 15:49 | Report Abuse

Hi Mikekim, welcome back. Good to hear from you.

Posted by Robert Waters > 2020-12-08 16:04 | Report Abuse

Mikekim, I remember you. Welcome back. I also did not write here for almost a year. It was not useful to post along all the garbage. But it is time to look into this investment again. I see good comments too.
Seeing you here, is a good sign too.

Posted by Oothein64 > 2020-12-08 16:13 | Report Abuse

Holding very powerfully almost the entire day @0.355......

Posted by Markv572421 > 2020-12-08 16:16 | Report Abuse

selling high ...

Posted by strattegist > 2020-12-08 16:20 | Report Abuse

relaxing...

Posted by Markv572421 > 2020-12-08 16:23 | Report Abuse

i hope drop further to 0.10 ...amen amen