Posted by Joyce126 > 2021-03-06 04:16 | Report Abuse

The uptrend is just started. Hold or buy more if you have extra bullets

Posted by Mabel > 2021-03-06 07:52 | Report Abuse

To 50 with loves

Meow Meow Meow

Posted by fengpinglangjin > 2021-03-06 08:15 | Report Abuse

According to history...when it falls to below 30..it will rebound to 80s n above.this time is touches negativ...so probably will c 100 nex yr..

Posted by apple168 > 2021-03-06 09:32 | Report Abuse

35% paper profits... nice~

Posted by apple168 > 2021-03-06 09:33 | Report Abuse

Continue holding and aiming for at least 100% profits from armada!

Posted by strattegist > 2021-03-06 11:16 | Report Abuse

more kfc kambing kaaaa...

Posted by MM78 > 2021-03-06 11:44 | Report Abuse

When and if the next quarter results show another 2 sens and above EPS with less idled OSVs, and no impairment Armada would rise further (to 70 sens or more ? ) . Current price still at early real reflection of market confidence of its turn around.

Posted by MoneyMakers > 2021-03-06 11:49 | Report Abuse

Latest oil price forecast:

Goldman: 2Q $75, 3Q $80
UBS: Boosts 2H forecast to $75
Citi: Above $70 by March-end
ANZ: Brent $70

Posted by MM78 > 2021-03-06 11:53 | Report Abuse

Temptations to sell is strong if one mainly base on the rising speed of Armada share price ; perhaps looking at its improving fundamentals and signs of sustaining such performance may give us some strengths to tame our temptations and hold further to enjoy its full valuations later...... 43 % paper profit is good but may not good enough yet looking at Armada business potential.

Posted by nikicheong > 2021-03-06 12:26 | Report Abuse

I'm with 102% paper profits. Will keep holding at current price levels, but if it can go above RM0.55 next week, might sell. If go above RM0.65 in next 2 weeks, confirm sell also.

Long term wise, Armada has the potential to go above RM1.

- Just imagine, EPS for last quarter was 2.45 sen. Core net profit (adjusting for impairment etc) was 2.90 sen.

- By Q1 2022, they will have Armada Sterling V operational in India. Profit contribution per annum is around RM120mil. This is worth EPS 2 sen per year (or EPS 0.5 sen per quarter).

- In H2 2021, there is a good chance of securing contracts in the Caspian Sea for their subsea assets. This will bring in about RM200mil revenue per annum.

- They are paring down debts. Interest rates are still maintained at current levels. As such, finance costs should continue reducing each quarter. Again, less finance cost translates directly to more profit.

- Depreciation costs should also reduce as many OSV have been either impaired or sold.

- Only major risk for impairment is Armada Claire, and maybe the Caspian Sea assets if they don't get any contract in H2 2021.

- There is also an outside chance of getting additional FPSO contract this year. There is a very good chance of getting additional FPSO contract next year (when financial situation will be even more improved).

- In rising oil price scenario, more work for all OSV. Utilisation rates will be higher. Asset disposal prices will be higher as well.

All the points above are supposition. But what we know is, Armada core net profit in 2020 was around RM480mil, roughly EPS of 8.15 sen. Even if none of the above turns out to be true (which is very unlikely), we are already at a base EPS of 8.15 sen. Armada is selling at under 6x PER.

Future is bright!

Posted by apple168 > 2021-03-06 14:28 | Report Abuse

Well said niki

Posted by Jjkcl > 2021-03-06 14:48 | Report Abuse

More fruits growing

Posted by strattegist > 2021-03-06 16:00 | Report Abuse

good... sama sama enjoy

Posted by pang72 > 2021-03-06 17:41 | Report Abuse

Celaka...
So good!!!!!

Posted by pang72 > 2021-03-06 17:41 | Report Abuse

Let's me do some homework prepare for Monday..

Posted by MM78 > 2021-03-06 18:08 | Report Abuse

Thanks you Nikicheong

Very well researched and written analysis where do you find so much information especially on their specific FPSO’s situations / opportunities ?

Posted by HuatlaiOnglai > 2021-03-06 18:48 | Report Abuse

Nikichong, why sell? Should let it run above RM1 since the outlook is so bright.

Posted by MM78 > 2021-03-06 19:44 | Report Abuse

Fear of missing out is ever present in our mind when are are staring at yet to be cashed in good profit . ( More of a trader than an investor )
It takes a lot of mental strengths to resist the temptations cashing in.

Easy said than done for many.of us .
Admired how well Nikicheong knows Aramada’ operations but surprised he may cash in . I am not saying this is right or wrong but wonder if it is how our minds play us as a share trader or business investors. I will wait for now i.

Posted by nikicheong > 2021-03-06 19:59 | Report Abuse

Only reason I said I may want to sell is if the price jumps alot in the next week or two. Cause there is highly likely a pullback later on. I bought at RM0.225, and I will be tempted to derisk if I get a good value now. Can always buy back later.

Posted by nikicheong > 2021-03-06 20:01 | Report Abuse

Reason I know Armada fpso operations well is really due to hours upon hours of research done. Looks at FPSO Claire Court documents, look at tender documents, look at the reports of operators such as Enquest (Kraken gpso) and Pharos Energy (Vietnam fpso).

Bumi Armada is in very good hands people. They are looking to exit OSV and go all in for FPSO.

Posted by Godofgambler > 2021-03-06 23:11 | Report Abuse

https://www.google.com/amp/s/www.nst.com.my/amp/world/world/2021/03/671521/missile-strikes-syria-oil-refineries-kill-4-monitor

Posted by pang72 > 2021-03-07 00:41 | Report Abuse

https://www.chinapress.com.my/20210307/展开4天西亚官访-首相伉俪抵达吉达了/

MAY TRIGGER SOME OIL COUNTERS MOVEMENT!!

Posted by MM78 > 2021-03-07 07:01 | Report Abuse

@Nikicheong

Yes I agree, fact findings of the share we invest in are more reliable than wishful thinkings or heard mentality following. Fears mongering with hear says are the useful tool by shorting sharks to spread panics.

Thanks for your generous insights and thoughts sharing.

Posted by MM78 > 2021-03-07 07:07 | Report Abuse

@ Nikicheong,
Only reason I said I may want to sell is if the price jumps alot in the next week or two. Cause there is highly likely a pullback later on. I bought at RM0.225, and I will be tempted to derisk if I get a good value now. Can always buy back later.

06/03/2021 7:59 PM

Understand your risks management and also learning from your method too. I missed out cashing the last time it spiked to about 50+ sens before. This time I have more confidence as the CEO Gary seems to be more hands on than the previous the predecessor.

Posted by Alexloc04 > 2021-03-07 09:03 | Report Abuse

MM78 and Nikicheobg
What is the price range for this round ?
Any guesstimate.?

Posted by MoneyMakers > 2021-03-07 11:13 | Report Abuse

“Drill, baby, drill is gone forever,” said Saudi Energy Minister Prince Abdulaziz bin Salman

Fyi ‘drill baby drill’ was the slogan for US Shale boom

Posted by DragonEyes > 2021-03-07 12:01 | Report Abuse

Real counter here...woohoo

Posted by SmartInvestor8877 > 2021-03-07 12:17 | Report Abuse

Straits Inter Logistics Berhad and its subsidiaries (“Group”) was established as manufacturers and traders of cleanroom filters and other water filtration products. Our Group then expanded the trading of filtration-related products to include water filter cartridges and charcoal fines and granules, and the trading and distribution of fast moving consumer products.

In pursuing a long term sustainable business model that would contribute to positive returns, our Group diversified into oil bunkering and trading. In 2015, our subsidiary, Selatan Bunker (M) Sdn Bhd, commenced oil trading and bunkering via a collaboration agreement with Tumpuan Megah Development Sdn Bhd.

Bunkering services refers to the provision of marine fuels to ships, as well as other ocean faring vessels, such as oil tankers, container vessels, cargo vessels, cruise ships and ferries, as well as vessels utilised in the upstream oil and gas industry such as offshore support vessels, submersible and semisubmersible rigs and FPSO vessels.

Customer included REPSOL, PERDANA, BUMIARMADA, PETRA, VELESTO, ENSCO.

STRAITS will be benefited into oil and gas industry

Posted by SmartInvestor8877 > 2021-03-07 12:19 |

Post removed.Why?

Posted by strattegist > 2021-03-07 12:28 | Report Abuse

kfc manyak sedapppppp... wowwww

Posted by babboy88 > 2021-03-07 18:58 | Report Abuse

https://klse.i3investor.com/blogs/AmInvestResearch/2020-11-13-story-h1536403205-Oil_Gas_Patawali_FPSO_in_pipeline_with_Limbayong_re_tender.jsp

chance for deployment of Armada Clarie

Posted by apple168 > 2021-03-07 18:59 | Report Abuse

Oops, Pang72 is here... be prepared armada going to shoot up high...

Posted by Alexloc04 > 2021-03-07 19:12 | Report Abuse

Tomorrow is the KFC day

Posted by Bluey > 2021-03-07 19:16 | Report Abuse

Brent crude went from 63.65 on 3/3 to 69.36 on 6/3
This should kickstart ARMADA TOMORROW MORNING?

Posted by apple168 > 2021-03-07 19:17 | Report Abuse

Let pray for abalone day!

Posted by huat8787 > 2021-03-07 21:25 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Surprise-OPEC-Cuts-Rollover-Depresses-Already-Weak-Oil-Tanker-Market.html

Posted by huat8787 > 2021-03-07 21:26 | Report Abuse

Gg o&g

Posted by strattegist > 2021-03-07 22:23 |

Post removed.Why?

Posted by nikicheong > 2021-03-08 01:09 | Report Abuse

Good luck for this week! :)

Posted by izoklse > 2021-03-08 01:24 | Report Abuse

Yemen’s Houthis say they fired missile at Saudi Aramco site

Houthi military spokesman claims they hit an Aramco facility in Jeddah with a Quds-2 missile, but no confirmation from Saudi Arabia.

https://www.aljazeera.com/news/2021/3/4/yemens-houthis-say-they-fired-missile-at-saudi-aramco-site-2

Posted by izoklse > 2021-03-08 01:33 | Report Abuse

U.S. will defend troops and interests after rocket attack in Iraq, Defense Secretary says

Secretary of Defense Lloyd Austin said those responsible for carrying out last week’s rocket attack against an Iraqi base that hosts American troops will be held accountable.

https://www.cnbc.com/2021/03/07/us-will-defend-troops-after-rocket-attack-in-iraq-lloyd-austin-says.html

Posted by MM78 > 2021-03-08 04:34 | Report Abuse

@

Alexloc04 MM78 and Nikicheobg
What is the price range for this round ?
Any guesstimate.?
07/03/2021 9:03 AM

Hi Alexloc04,

When you say this round , does it mean it look at Armada more as a share trader ?

I am more interested to look at it as medium to long term business investor. I can’t predict price fluctuations and its timing , the market determines its price and influenced by heard mentality or syndicates causing volatilities .

The current price is still below Armada NTA and the company is making good core profit in the lat few quarters, I believe it is undervalued for now given its strengthening fundamentals plus pending world economy recovery from pandemic Covid 19.

I would think 10-12 times EPS of Armada for now is not unreasonable given its business model and its latest progress .

Would you buy into and hold the investment of a company which is recovering from its trough years, increasingly profitable and yet its share price is still below its NTA ?

The next few quarters can be very interesting for its share valuations , my guess.

Posted by Alexloc04 > 2021-03-08 06:31 | Report Abuse

MM78
Great Positive points to articulate the current and future of this counter.
I im into mid range investment, say 12 to 15 months.

Posted by pang72 > 2021-03-08 08:32 | Report Abuse

apple168 Oops, Pang72 is here... be prepared armada going to shoot up high...
07/03/2021 6:59 PM

OOOP!!

I AM NOT BUY YET!
BUT PEOPLE SAID I AM HERE, THEY MUST SELL!!

SO, AS USUAL I AM WAITING THEM SELL THEN I BUY LOW!!

Posted by pang72 > 2021-03-08 08:33 | Report Abuse

Hopefully all newbies sell Armada today, do I can buy low!!!

THANKS YOU HATERS!!

Posted by New994 > 2021-03-08 08:49 | Report Abuse

guys be rational haha, anything below 0.5 is a buy

Posted by strattegist > 2021-03-08 08:54 |

Post removed.Why?

Posted by itch > 2021-03-08 09:03 | Report Abuse

50c surely today!

Posted by Sogbashen > 2021-03-08 09:05 | Report Abuse

I remembered last time when it drop until 32.5 people keep laughing and now it’s 0.49... way to go armada!

Posted by wehcant > 2021-03-08 09:09 | Report Abuse

Breakways gap or common gap? Just look at the volume in 5 mins, 15 mins, 1 hour and 4 hours charts.