Posted by i3lurker > 2021-08-25 14:40 | Report Abuse

strattegist

wait for it
August is way too early

Winter is coming...
seems China is reporting zero covid new infections after severe lockdown

with winter, oil price will peak and that will be the catalyst for sharks to pump up Bumi Armada.

no worries
Winter is Coming!!!

Posted by i3lurker > 2021-08-25 14:44 | Report Abuse

time passes so fast
its just the blink of an eye since I last said Winter is Coming.

I gather sslee made a bundle last winter on Armada

Hopefully this Winter, all will make more money!

Cheers!!!

Posted by strattegist > 2021-08-25 15:02 | Report Abuse

yeappppp... winter is otw...

Posted by Macgyver11 > 2021-08-25 16:21 | Report Abuse

Qtr out either today or 2morrow. Fasten your seatbelt. Vroooom!

Posted by Macgyver11 > 2021-08-25 16:22 | Report Abuse

Winter is coming...vrooooom!

Posted by strattegist > 2021-08-25 17:18 | Report Abuse

closed green

Posted by Macgyver11 > 2021-08-25 19:56 | Report Abuse

Velesto announced excellent qtr...

.what about Armada?

Waiting.....

Posted by Macgyver11 > 2021-08-26 04:12 | Report Abuse

Brent hit above 70 once more...wow!

Posted by bullmarket1628 > 2021-08-26 06:00 |

Post removed.Why?

Posted by strattegist > 2021-08-26 09:37 | Report Abuse

pegun

Posted by strattegist > 2021-08-26 10:35 | Report Abuse

steady

Posted by jimheng > 2021-08-26 11:12 | Report Abuse

any good news?

Posted by HuatlaiOnglai > 2021-08-26 11:12 | Report Abuse

Expecting to have a good Qtr going forward with oil price maintain at this level or higher to boost oil majors investment and CAPEX.

Posted by strattegist > 2021-08-26 13:38 |

Post removed.Why?

Posted by strattegist > 2021-08-26 15:41 | Report Abuse

steady

Posted by strattegist > 2021-08-26 17:18 | Report Abuse

closed green

Posted by nikicheong > 2021-08-26 17:37 | Report Abuse

The day of reckoning beckons!

Posted by Bon888 > 2021-08-26 22:25 | Report Abuse

Hope quater result out tmrw.

Posted by strattegist > 2021-08-26 23:21 | Report Abuse

good

Posted by strattegist > 2021-08-27 10:47 |

Post removed.Why?

Posted by Macgyver11 > 2021-08-27 11:03 | Report Abuse

Qtr late..

Posted by Bon888 > 2021-08-27 12:23 | Report Abuse

So late ! why bad result?

Posted by nikicheong > 2021-08-27 12:36 | Report Abuse

Profit RM140mil! Need to delve in deeper to assess the results. Well done people!

Posted by nikicheong > 2021-08-27 12:38 | Report Abuse

This INCLUDES impairment of RM104mil. Might be even better than it looks!

Posted by Bon888 > 2021-08-27 12:50 | Report Abuse

Stable results! Well done Armada!

Posted by nikicheong > 2021-08-27 12:53 | Report Abuse

Quick assessment of the actual core profits of the Company. Let me know if there's any error below.

Net Profit RM139,857,000
Impairment RM103,734,000
Writeback of Impairment -RM4,024,000
Gain on Disposal -RM12,111,000
Gain on FX -RM772,000

Core Net Profit RM226,684,000

Posted by Bon888 > 2021-08-27 12:58 | Report Abuse

Debts drop from 8.3B last year to 7.7B now. Yes! Slim down baby and stay healthy!

Posted by nikicheong > 2021-08-27 12:59 | Report Abuse

Debt analysis:

https://i.ibb.co/p22yMRH/image.png

Good continued progress!

Posted by winmal > 2021-08-27 13:01 | Report Abuse

super profit RM 226 million.. each quarter Armada manage paredown his debt at least RM 350 million, each year RM 1.4 billion, they need 4-5 years become cash rich company...

Posted by nikicheong > 2021-08-27 13:04 | Report Abuse

More good news: Net gearing is finally below 2x! It is now at 1.94x

Posted by calvintaneng > 2021-08-27 13:18 | Report Abuse

bumi armada results look like the best among all Ogse companies now

Posted by pingdan > 2021-08-27 13:26 | Report Abuse

Class A vessel utilization rate improve from 49% to 70% (Q2 2021 vs Q1 2021) while class B vessel utilization rate improve from 15% to 92% (Q2 2021 vs Q1 2021). Total utilization rate improved from 44% to 70%(Q2 2021 vs Q1 2021)

Posted by nikicheong > 2021-08-27 13:29 | Report Abuse

@pingdan, I won’t pay much attention to that. Of course the utilisation rate will go up as they dispose of all their unutilised offshore vessels.

Posted by ITreeinvestor > 2021-08-27 13:38 | Report Abuse

Operating profit before impairment1 was consistent at RM279.2 million during the
second quarter of 2021.

Posted by pingdan > 2021-08-27 13:41 | Report Abuse

Why u didnt focus on that? It means that the company utilisation rate increase and bring cost efficiency to the company as the disposal bring depreciation saving for the company in coming quarter

Posted by nikicheong > 2021-08-27 13:44 | Report Abuse

@ITreeinvestor, yes Operating Profit before Impairment is an important metric, but it ignores shares of results for JV and associates. Most of Bumi Armada Fpso projects are now done as JV/associates.

Posted by alfredooijb > 2021-08-27 14:08 | Report Abuse

Financial Report

https://www.klsescreener.com/v2/news/view/873893

Posted by ITreeinvestor > 2021-08-27 14:16 | Report Abuse

The Future Of Oil Is Offshore
https://oilprice.com/Energy/Crude-Oil/The-Future-Of-Oil-Is-Offshore.html
By Irina Slav - Aug 26, 2021

Posted by OrlandoOilSemiconIoT > 2021-08-27 14:29 | Report Abuse

In since 0.22

Luv Armada

Can b lazy here thanks to nikicheong for all d good analyses n information

Keep it up both

Posted by ITreeinvestor > 2021-08-27 14:37 | Report Abuse

Armada earing consistent even during low oil price in Y2020.
Imagine when oil hover around 70USD in Y2021, how much suprise Armada can give us in 2H?

Posted by Letsfly > 2021-08-27 14:43 | Report Abuse

"bumi armada results look like the best among all Ogse companies now"

@calvintaneng

Best among ogse now, but palm oil still better ya? hahaha

Posted by nikicheong > 2021-08-27 14:43 | Report Abuse

@ITreeinvestor, oil price doesn't impact Bumi Armada earnings much in the short-term. However, consistently higher prices will mean higher chances of obtaining new FPSO contracts, or in securing extensions to existing contracts. Hence, the impact will be felt in the longer-term. Stock price fluctuations due to oil price movements is mainly based on the market sentiments, not due to sensitivity to the earnings.

Posted by nikicheong > 2021-08-27 14:46 | Report Abuse

I've been in at 0.235 in Aug 2020, sold in Sep/Oct 2020 at 0.275, then buy back at 0.225 in Oct 2020 and holding since then. Bought 350k back then and another 50k last week at 0.395.

I'm investing purely based on fundamentals. If and when Bumi Armada's prospects are no longer good or when the stock price appreciates to a level I deem high enough, I will sell. I purchased this at 0.625 in Jan 2017 and 0.72 in Aug 2017 and sold off by Oct 2017 as the outlook worsened and the stock ran high.

Always don't be a slave to the stock. Sell when need to. Realise your gains, or even losses if need to.

Posted by bullmarket1628 > 2021-08-27 14:47 |

Post removed.Why?

Posted by vcpmaster123 > 2021-08-27 14:49 | Report Abuse

Please buy guys...armada future bright.. Can see it climbing to 0.5 next few days

Posted by vcpmaster123 > 2021-08-27 15:00 | Report Abuse

Can someone push it up to 0.50...i am stuck

Posted by HuatlaiOnglai > 2021-08-27 15:00 | Report Abuse

Congrats BA on another strong Qtr. The remaining year looks solid.

Posted by serpent100 > 2021-08-27 15:13 | Report Abuse

Sell on news.....

Posted by vcpmaster123 > 2021-08-27 15:24 | Report Abuse

Anyone know exactly when it will be pushed up the price...waiting for months already.

Posted by RedBerry > 2021-08-27 15:28 | Report Abuse

Yes… time to fly baby….