"The charterer has granted an extension of timeline on project completion in view of the Indian government guidelines in respect of COVID-19 pandemic."
This project will contribute around RM100mil to RM130mil net profit per year!
Excellent quarter but not sure is there any effect on the share price. Many of my counters released good QR but share price still dropped these few days.
All the above is NOT factoring an improvement in the OSV sector. Especially if the subsea construction vessels get hired in 2021, that would be a game changer.
Also not factoring in the sale or redeployment of Armada Claire. Nor the possibility of getting new FPSO contracts, as the company’s financial position is now on a secure footing.
Outstanding results! and thanks to nikicheong for continual updates..much appreciated..expect the counter to go above 60cts within next couple of weeks
Finally!! hold this stock for few months really spend my patient! I dun like night long dream too much, not greedy this time Thankiu Armada! Good Luck everyone here!
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....
nikicheong
2,502 posts
Posted by nikicheong > 2021-02-26 13:04 | Report Abuse
Debt analysis:
https://i.imgur.com/nnYe911.png