wonder ...some central banks are not supportive of fossil fuel industry eg BOE Yinson has also become a pathetic performer although it sfinance are in good shape.
Armada's worst days are over with previous huge impairments, operational inefficiency and fear of defaulting its loan. All these are mostly blown over and Kraken is generating huge cash flows. Kraken's short term debts of rm1.5b, will likely be reclassified to long term soon.
Also, long term viability of TGT field in Vietnam is good. They have got 2 year extension to 2026, then applying for another 3 years to 2029. But the FPSO contract is only until 2024.
Also, they tender for Limbayong with MTC and Shapoorji. A potential win.
We are all wishing and hoping something gigantic is going to blow. So far all excitement is for half sen . Look at top ten active, volatility is far more exciting. Come on let’s make more noise and chase the BULL!
when armada below 0.26 many say will below 0.20.. only up 1 n 1/2 sen only laa.. hey now above 0.36 maa.. will back on glory day armada will rally range 0.48-0.52
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....
meadow1628
1,084 posts
Posted by meadow1628 > 2021-02-15 09:11 | Report Abuse
Wow, now Armada already 0.375 +0.015 +4.2%
Heng ah, Ong ah, Huat ah !