Told already earlier. Bizzybone said SPR release won't effect the oil price bcoz already priced in...betui ke ni, now what happen la. Luckily I disposed half of my shares earlier @50 and now waiting for correct time to re-enter again. Covid cases rise in Europe plus unpredictable of future oil price created worried to the investors...of course they will dump first. Fundamentally Armada is good with profitable qtr but market sentiment is not good now. Currently the best choice we hv is to follow Mr Market.
Whole market down la. US market down and dragging Bursa down due to sentiment. Armada still holding strong compared to other counters. I guess this @JoshuaMS7 had lost his money in share market, that's why putting this kind of comments here.
dude, in order for BA to go above 0.50, BA needs to show earnings improvement with new contracts secured for its Armada constructor...and new income...improvemrnt yo current assets will not ar to sustain the price
Ideal time to collect i guess. After the opec+ meeting oil will shoot up again. Omicron virus not serious treat as reported by news, news just over acted. Most probably opec will cut output or stick with initial plan. Joe biden already learned his lesson by releasing SPR.
Good values at 43 Sens, I added some 2 days ago. No point keep talking share price but ignore the fundamental values of Armada that produces strong cash flows beyond its EPS of 10 Sens per year. Market will have to recognize that eventually when its negative share reserves become positive in FY 2022 at this rate of profitability. Its ROE of 19 % is very attractive.
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....
sparrow
46 posts
Posted by sparrow > 2021-11-25 02:08 | Report Abuse
The reason i think it drop it because contra players bought it after a good Q3 result, and selling them before t+3.