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
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.
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.
@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.
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.
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.
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.
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 ;)
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 ;)
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.
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!!
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.
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!
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.
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.
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.
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!
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.
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.
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.
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....
TunPika
486 posts
Posted by TunPika > 2020-12-08 17:05 | Report Abuse
Crude oil- 5pm green,very funny