Armada share price is premised upon its FPSO division remains steady to generate profitability and cashflow to pare down its debt. Its last few quarters track records on this is good, hence I am hopeful and confident it can. The crude oil price does not have great impact on the FPSO dvision profitability except on the chartering of its offshore service vessels. FPSO Kraken has just undergone scheduled maintenance so its performance should be good to generate more profit in the Dec qtr and qtrs to come.There seems to have little information on other FPSOs performance in the Armada fleet and its impacts, I am curious.
It would be a confidence booster if the coming Dec 2020 qtr, Armada makes profit of about RM 120 million which means the whole year profit of about RM 100 millions = EPS 1.6 sens. Though the EPS may appear small but it is a turnaround result. Isn't share price the reflections of the expected next few quaters profitability and operating cash flow ? These are my 2 cents thoughts on its valuations sharing with forumers here ....... lets us just wait for the confirming good news. I stand corrected by any wiser opinion from forumers here. Salute in adavnce to those with better findings, if any.
@Trading2019 Let's team up to sink it to make a point - lousy TP (0.65) recommended by HLG. 29/01/2021 3:16 PM
You want to sink Armada share price to make a point to HLG IB ? Why bother ? It does not change anything.
We want to defend the share investment values against short sellers who make money out of others’s misery by spreading fears among share investors who can’t see the real values of the business venture at least medium term wise .
The key is to understand the business progressively as one hold the share and constantly evaluates if our initial investment is sound or otherwise. I am seeing the turn around lights at the end of near 5 years waiting long tunnel , very long indeed. I trust it is not a train coming ...... but end of the tunnel.
Covid-19: Malaysia snaps five-thousand streak as new cases drop to 4,214; 10 more deaths reported Syafiqah Salim / theedgemarkets.com February 01, 2021 18:26 pm +08
As oil reaches 57 usd per barrel, I seriously consider switching to Silver. Squeeze ongoing.
It may spread to gold and commodities, including oil. Good luck to reddit fighters. They have to overcome paper silver mountain and then, the sea of paper oil may be next target.
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....
IvanC
669 posts
Posted by IvanC > 2021-01-27 14:51 | Report Abuse
TP 30c