Posted by TunPika > 2020-12-08 17:05 | Report Abuse

Crude oil- 5pm green,very funny

Posted by strattegist > 2020-12-08 17:32 | Report Abuse

closed red

Posted by itch > 2020-12-08 17:40 | Report Abuse

Yes it has been awhile. Welcome back mikekim.

For awhile i thought Jojobaa is you!

Jojobaa has been good. Thanks

Posted by armadatuah2017 > 2020-12-08 20:55 | Report Abuse

dopes dont read and follow quarter report...they see numbers...non-cash impairment...actually BA is making money, impairments to cause the NTA to reduce and to truely reflecting the aue of the co.pany

Posted by armadatuah2017 > 2020-12-08 20:56 | Report Abuse

those babis mostly crying because already sold off at losses or tiny profitz. they cant bear others to earn more....so cryjng dad and mum...

Posted by MM78 > 2020-12-08 21:14 | Report Abuse

I see some formers here are more nervous on the share price fluctuation each day as traders rather than evaluating the fundamental values of Armada hence would not be spooked easily by the daily changes of price , if I may say. The short sellers take this as opportunities to spread fears with negative and often unfounded claims trying to influence our decisions not to hold the shares to reach its rightful valuations.
I agree with Jojobaa , we should be not bother to respond to the repeated postings of rumblings by Mickey Mouse and the likes. Together we can help ourselves as
values seeking investors through our constant sharing of the assessment of Armada latest performance at this forum. Mikekim was generous sharing his brilliant evaluations of Armada then, I remember , before he went a way from here for a long while. I am glad he is back.

Posted by MM78 > 2020-12-08 21:28 | Report Abuse

I used to pay less attention to the cash flow than the P&L when evaluating a company performance but lately I learnt that positive operating cash flow is even more crucial . Impairment which does not reduce real cash flow , is therefore more of a “paper tiger “ and for accounting rules compliance as I see it., so it is not a real issue as long as Armada continues to pare down its loans with the positive operating cash flow each quarter.
I stand corrected by any financial accountant here.

Posted by JoyOhi > 2020-12-08 21:35 | Report Abuse

Yes @mike I also waiting for FDA approval and US stimulus package announcement then Im gonna ride again and that would mean all in for me.

Posted by Jjkcl > 2020-12-08 22:12 | Report Abuse

Bought 0.15, consider sell 0.55. Relax

Posted by Gabriel Khoo > 2020-12-08 22:33 | Report Abuse

Relax...20c to 38c closed to 100% now dowm bit then sudden all so negative

Posted by fluffyclouds > 2020-12-08 22:51 | Report Abuse

@JoyOhi... please let me know when you buy in . I sold and am now just waiting for a good opportunity to buy back in. HLA are anticipating a pull back, 'Key supports are pegged at RM0.34 (upper BB), RM0.30 and RM0.28 (mid BB).'
If i can buy at RM0.30 I would just buy back in and then hold through any subsequent swings.

Posted by Mikecyc > 2020-12-09 05:47 |

Post removed.Why?

Posted by Mikecyc > 2020-12-09 05:50 |

Post removed.Why?

Posted by Mikecyc > 2020-12-09 05:53 | 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 .

####

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 > 2020-12-09 05:54 |

Post removed.Why?

Posted by Mikecyc > 2020-12-09 05:55 |

Post removed.Why?

Posted by mikekim > 2020-12-09 09:31 | Report Abuse

FDA released A+ report card for Pfizer vaccine. Approval is almost confirmed by the end of this week. US stimulus is also a sure thing that will happen before year end.

Just buy and hold.

Posted by stainlyho37 > 2020-12-09 09:38 | Report Abuse

watch out today ....back to 0.375 anytime !!!

Posted by mikekim > 2020-12-09 09:41 | Report Abuse

The first hour today is mostly forced selling from contra players from last Friday. Once this is cleared, the push will come. Get in quick it’s all about timing.

Posted by mikekim > 2020-12-09 10:41 | Report Abuse

Weak holders shaken out at 0.340. Waiting for more weak holders to see at 0.345, next will gobble up 0.350. ;)

Posted by strattegist > 2020-12-09 10:42 | Report Abuse

watching and relax...

Posted by mikekim > 2020-12-09 11:13 | Report Abuse

Once 0.35's block is cleared, the price will breakout back to uptrend, in line with expected vaccine approval end of this week, and stimulus by the end of this month.

Armada will continue to generate a fixed chartered cashflow over the next 6 months regardless of what oil price is, the only difference is sentiment that is affecting the share price.

It's quite a simple and safe recovery stock to bet on, compared to say, Airasia where cashflow is volatile.

Posted by mikekim > 2020-12-09 11:35 | Report Abuse

Contra force selling all done. The selling has stopped, queue for 0.345 will start to build and 0.350 will clear once the Hengyuan and Petron speculators switch to Armada ;)

Posted by mikekim > 2020-12-09 11:39 | Report Abuse

It's completely against logic that last night the FDA validated Pfizer's vaccine and every single regional market has gone up, except O&G stocks in Malaysia. Someone is trying to manipulate the market to shake out weak holders, and then buy strongly to push it back up.

If we all queue up for 0.345 and clear the block for 0.350, together we'll shake the manipulator ;)

Posted by mikekim > 2020-12-09 11:41 | Report Abuse

Block for 0.350 cleared ;) breakout volume soon 0.355 and above

Posted by mikekim > 2020-12-09 11:44 | Report Abuse

0.355 and 0.360 can be eaten up very fast, and 0.365+ will be easy kills. It's going to rally.

Posted by mikekim > 2020-12-09 11:46 | Report Abuse

0.355 cleared, 0.360 next.

Posted by mikekim > 2020-12-09 11:58 | Report Abuse

Last chance to enter at 0.355 before strong rally from the petron and hengyuan boys ;)

Just basic logic, the coronavirus vaccine approval is going to change the world and everything will resume back to normal by June 2021. Armada will continue to generate strong fixed charter cashflow, and continue paring down its debt. Oil demand will only get stronger and stronger and more and more people get vaccinated.

Plus the window dressing effect of Dec.

This is a high potential and safe recovery bet. Yinson too, but Yinson is much less liquid.

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

Trump has made a US$916 billion stimulus offer (which has been okayed by the republican senators) to the democrats, this will be the next push together with the FDA approval end of this week. Don't miss the boat!!

Posted by mikekim > 2020-12-09 12:06 | Report Abuse

force selling already done at 9am-11am. It's quite obvious some manipulators intentionally remove 5-10m buy bid from queue just to create panic and shake out weakholders, and then now pushing hard for the price to go back up.

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

Look at the fundamentals, look at the business model, look at the cashflow, look at the stock liquidity. This is one of the best and safest recovery stocks to bet on for the next 6 months. And catalyst to push it up higher is just around the corner.

If you wait until FDA approves the vaccine and after stimulus is announced, you are likely too late in market timing. Everything now is about expectations, move before everyone else to make the supernormal profits!

Posted by mikekim > 2020-12-09 12:09 | Report Abuse

0.355 is cleared and queue will build up. 0.360 next. Really, enter the earlier the better, because we are looking at 0.40+ at the end of this week. Fast movers make the biggest kill.

Posted by strattegist > 2020-12-09 12:14 | Report Abuse

Thank you Armada... thank you mikekim... and thank you fast movers..

enjoying my buffet lunch for the morning session oredy..

Posted by mikekim > 2020-12-09 12:16 | Report Abuse

The afternoon wave will be even stronger, once more hedge fund managers has digested the importance of the FDA's A+ report card for pfizer vaccine. US+UK have the most stringent and highest healthcare standards in the world. This is the turning point of the pandemic history. Don't hesitate and miss the boat. Use some imagination on where the price will trend towards, and you'll realize it's all basic logic.

People's fear of coronavirus is rapidly evaporating globally, it's just a matter of time (4-6 months) before things go back to normal - and this is not even a maybe, it's pretty much guaranteed.

Posted by mikekim > 2020-12-09 12:28 | Report Abuse

We are trending towards 0.380 again, possibly by the end of today. To challenge the 0.380/385 resistance that will be broken with vaccine and stimulus news and move towards 0.425.

Posted by bursabursa > 2020-12-09 12:29 | Report Abuse

Yeah baby

Posted by bursabursa > 2020-12-09 12:30 | Report Abuse

Same here

Posted by mikekim > 2020-12-09 12:33 | Report Abuse

Brent has strong support at US$48.50, and at this price, all of the company's clients have no problem paying the fixed charter cashflow.

Just look at the cashflow consistency of this company, throughout the worst times in the past 9 months at the height of the pandemic without vaccine hope, it has performed remarkably well operationally and generate strong cashflow.

Enjoy the ride in the afternoon. The earlier you go in the better!

Posted by strattegist > 2020-12-09 13:07 | Report Abuse

hahaha...like that can have one more round in the
afternoon session laaa mikekim...

Posted by bursabursa > 2020-12-09 13:30 | Report Abuse

See can hit my kpi today or not

Posted by mikekim > 2020-12-09 14:05 | Report Abuse

The sell queue big blocks have all been cleared. It’s going to explode once hengyuan and petron speculators come in to pump it up. It’s time to buy fast.

Posted by mikekim > 2020-12-09 14:23 | Report Abuse

Vaccine approval + consistency and resilience of fixed charter cash flow = very safe recovery stock with high potential growth in price.

Posted by mikekim > 2020-12-09 14:34 | Report Abuse

Force selling has been completed in the morning session. That’s what most brokerages do.

It’s now time to clear 0.360 and onwards to 0.380. Act fast!

Posted by mikekim > 2020-12-09 14:50 | Report Abuse

Djia futures triple digit up now.

Posted by Jjkcl > 2020-12-09 14:51 | Report Abuse

Got fake buy volume

Posted by mikekim > 2020-12-09 15:08 | Report Abuse

0.360 cleared, trending towards 0.38. Go in early!!!

Posted by mikekim > 2020-12-09 15:18 | Report Abuse

US stimulus is getting close to being sealed. Trump has offered USD600 stimulus check which is what the democrats really want. Once the stimulus is approved, global stocks will shoot through the roof as it helps greatly with demand.

and I have just read the US FDA report in detail - it is indeed a A+ report card. It's even high effective after the first dose + works in critical covid conditions - two vast improvements over what was conservatively reported by pfizer earlier.

Posted by dusti > 2020-12-09 15:20 | Report Abuse

YES HEADING FOR 40, HAVE TO BUY SOON BEST JUST BEFORE 4PM

Posted by mikekim > 2020-12-09 15:21 | Report Abuse

FPSO fixed charter rates are the best and safest recovery play you can get.
It's better than airlines, hotels etc.
Why? because the company will get a fixed cashflow per day chartered for the vessels, regardless of oil price. Oil price only matters to the customer, if oil price is too low, say below US$30, it might not be economical to pump, so they might not be able to pay the company. But as long as oil price is stable above US$30, the cashflow will be strong and stable.

You don't get this with airlines, hotels. Cashflow is volatile depending on government policy.
How long can they burn balance sheet cash to survive?
That's why this is one of the star recovery stocks on a risk adjusted basis. Yinson too. but Yinson is a lot more illiquid.

Posted by JoyOhi > 2020-12-09 15:36 | Report Abuse

Im going to re-enter since tonorrow is vacccine hearing by FDA and heard this week US about to discuss their stimulus talk, hope all goes well!