Posted by armadatuah2017 > 2022-01-19 12:49 | Report Abuse

armada is challenging at the barrier again

Posted by armadatuah2017 > 2022-01-19 12:49 | Report Abuse

only left 1000lots...too bad

Posted by strattegist > 2022-01-19 13:02 | Report Abuse

limau manis manyak selap wohhhhhhh

Posted by Invest123 > 2022-01-19 14:52 | Report Abuse

Snail speed

Posted by Invest123 > 2022-01-19 14:53 | Report Abuse

Useless counter

Posted by harisham74 > 2022-01-19 16:30 | Report Abuse

Ok what..

Posted by JoshuaMS7 > 2022-01-19 16:40 | Report Abuse

what happen suddenly drop from 0.545 to 0.525? Still waiting for 0.600? :(

Posted by Macgyver11 > 2022-01-19 16:47 | Report Abuse

Profit taking

Posted by strattegist > 2022-01-19 17:18 | Report Abuse

njoy makan limau manis

Posted by strattegist > 2022-01-19 17:19 | Report Abuse

closed green 0.53

Posted by Gabriel Khoo > 2022-01-20 01:33 | Report Abuse

KUALA LUMPUR (Jan 19): Bumi Armada Bhd is planning to sell four overseas subsidiaries for a total cash consideration of US$44.5 million (RM186.6 million), as part of its plan to exit the offshore marine services business.

The subsidiaries — Bumi Armada Marine Uray Pte Ltd (BAMU), Bumi Armada Marine Pokachi Ltd (BAMP), Bumi Armada Marine Naryan Mar Pte Ltd (BAMN) and Bumi Armada Marine LLC (BAM) — are being sold to AC Management and KN Holdings, both units of PJSC Lukoil, Bumi Armada's bourse filing showed.

The proposed disposals are expected to result in a disposal loss of approximately RM25 million.

Nevertheless, Bumi Armada said the transactions would generate cash inflow to enable the group to repay and reduce its corporate debt, and allow it to redeploy and focus its resources on its core activities. It plans to use US$38 million of the proceeds to trim its debt, and set aside US$6.5 million for working capital.

It inked the sale and purchase agreement for the disposals on Wednesday (Jan 19).

BAMU, BAMP and BAMN are principally involved in ship owning, chartering and managing ships and vessels. They also provide marine support and other services to offshore oil and gas (O&G) companies.

Other than BAM — which is only involved in providing marine support and other services to O&G companies — the remaining three companies own Bumi Uray, Bumi Pokachi and Bumi Naryan vessels, which have been working for LUKOIL-Nizhnevolzhskneft Ltd Liability Co (LUKOIL NVN) in the Caspian Sea, Russia since 2016 under three charter party contracts.

BAMU, BAMP and BAMN were incorporated in Singapore, while BAM was set up in Russia. The four subsidiaries recorded a combined loss after taxation of RM56.6 million for the nine months ended Sept 30, 2021, and have combined net assets (including capital contribution) of RM219.9 million.

The disposals are expected to be completed by the first quarter of this year.

Bumi Armada's share price closed up one sen or 1.92% to 53 sen, bringing the group a market capitalisation of RM3.13 billion.

Posted by bullmarket1628 > 2022-01-20 05:11 | Report Abuse

Company Announcement
OTHERS BUMI ARMADA BERHAD ("BUMI ARMADA" OR "COMPANY")
BUMI ARMADA BERHAD

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3227325

PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF THE ICE CLASS VESSEL COMPANIES (AS DEFINED BELOW) BY THE WHOLLY-OWNED SUBSIDIARIES OF BUMI ARMADA, NAMELY BUMI ARMADA SINGAPORE HOLDINGS PTE. LTD. (“BASH”), BUMI ARMADA OFFSHORE CONTRACTOR LIMITED AND BUMI ARMADA RUSSIA HOLDINGS LIMITED (COLLECTIVELY, THE “SELLERS”) TO AC MANAGEMENT COMPANY LIMITED (“AC MANAGEMENT”) AND K.N. HOLDING LIMITED LIABILITY COMPANY (“K.N. HOLDING”) (COLLECTIVELY, THE “PURCHASERS”) (“PROPOSED DISPOSAL”)
For the purpose of this announcement, “USD” refers to United States Dollar and “RUB” refers to Russian Ruble. Unless stated otherwise, the exchange rate adopted in this announcement is based on USD1 : RM4.1925, being the middle rate published by Bank Negara Malaysia on 19 January 2022.

1.0 INTRODUCTION
The Board of Directors of Bumi Armada (“Board”) wishes to announce that the Sellers had on 19 January 2022 entered into a sale and purchase agreement for the disposal of the entire issued and paid-up share capital of the following wholly-owned indirect subsidiaries of Bumi Armada to the Purchasers for a total cash consideration of USD44.5 million (equivalent to approximately RM186.6 million), subject to adjustment in accordance with the terms thereof (“Sale Consideration”) (“SPA”):
(i) Bumi Armada Marine Uray Pte. Ltd. (“BAMU”);
(ii) Bumi Armada Marine Pokachi Pte. Ltd. (“BAMP”);
(iii) Bumi Armada Marine Naryan Mar Pte. Ltd. (“BAMN”); and
(iv) Bumi Armada Marine LLC (“BAM”),
(collectively, the "Ice Class Vessel Companies”).

Posted by bullmarket1628 > 2022-01-20 05:15 | Report Abuse

2.0 DETAILS OF THE PROPOSED DISPOSAL
The Proposed Disposal entails the disposal of the entire issued and paid-up share capital of each of the Ice Class Vessel Companies, details of which are set out below:
Ice Class Vessel Company Issued and paid-up share capital No. of ordinary shares disposed Equity interest
BAMU USD2 2 100%
BAMP USD2 2 100%
BAMN USD2 2 100%
BAM RUB10,000 Not applicable 100%
The Proposed Disposal is subject to the terms and conditions of the SPA. Please refer to Appendix I for the salient terms of the SPA.
Upon completion of the Proposed Disposal, the Ice Class Vessel Companies will cease to be part of the Bumi Armada group of companies (“Bumi Armada Group”).
2.1 Information on the Ice Class Vessel Companies
The Ice Class Vessel Companies (other than BAM) own the Bumi Uray, Bumi Pokachi and Bumi Naryan Mar vessels which have been working for LUKOIL-Nizhnevolzhskneft Limited Liability Company (“LUKOIL NVN”) in the Caspian Sea, Russia since 2016 under 3 charter party contracts.
2.1.1 BAMU
BAMU was incorporated in Singapore on 21 May 2015, with the principal activity of ship owning, chartering and managing ships and vessels, and the provision of marine support and other services to offshore oil and gas companies.
As at the date of this announcement, the issued share capital and shareholding structure of BAMU are as follows:
Name of shareholder Shareholding
Direct Indirect
No. of shares % No. of shares %
BASH 2 100.0 - -
Bumi Armada - - 2 100.0
2.1.2 BAMP
BAMP was incorporated in Singapore on 21 May 2015, with the principal activity of ship owning, chartering and managing ships and vessels, and the provision of marine support and other services to offshore oil and gas companies.
As at the date of this announcement, the issued share capital and shareholding structure of BAMP are as follows:
Name of shareholder Shareholding
Direct Indirect
No. of shares % No. of shares %
BASH 2 100.0 - -
Bumi Armada - - 2 100.0
2.1.3 BAMN
BAMN was incorporated in Singapore on 21 May 2015, with the principal activity of ship owning, chartering and managing ships and vessels, and the provision of marine support and other services to offshore oil and gas companies.
As at the date of this announcement, the issued share capital and shareholding structure of BAMN are as follows:
Name of shareholder Shareholding
Direct Indirect
No. of shares % No. of shares %
BASH 2 100.0 - -
Bumi Armada - - 2 100.0
2.1.4 BAM
BAM was incorporated in Russia on 21 August 2014, with the principal activity of providing marine support and other services to oil and gas companies.
As at the date of this announcement, the issued share capital and shareholding structure of BAM are as follows:
Name of shareholder Shareholding
Direct Indirect
Issued and paid up share capital % Issued and paid up share capital %
Bumi Armada Offshore Contractor Limited (“BAOCL”) RUB9,900 99.0 - -
Bumi Armada Russia Holdings Limited (“BARHL”) RUB100 1.0 - -
Bumi Armada Offshore Holdings Limited (“BAOHL”) - - RUB9,900 99.0
Bumi Armada - - RUB100 1.0
Note:
BAOCL, BARHL and BAOHL are wholly-owned subsidiaries of Bumi Armada.
2.2 Original cost of investment
The original cost of investment in the Ice Class Vessel Companies is the nominal value of the issued share capital of the Ice Class Vessel Companies at the time of incorporation. The details of the original cost of investment are as follows:
Ice Class Vessel Company Cost of investment Date of investment
BAMU USD2 21 May 2015
BAMP USD2 21 May 2015
BAMN USD2 21 May 2015
BAM RUB10,000 21 August 2014
2.3 Financial information on the Ice Class Vessel Companies
Based on the interim financial statements for the 9-month financial period ended 30 September 2021, the Ice Class Vessel Companies recorded a combined loss after taxation of RM56.6 million and have combined net assets (“NA”) (including capital contribution) of RM219.9 million.
2.4 Information on the Purchasers
2.4.1 AC Management
AC Management was incorporated in the Cayman Islands on 8 December 2006 and subsequently registered as a company continuing in The Republic of Cyprus on 2 June 2016.
As at the date of this announcement, the existing directors of AC Management are Andreas Theofanous and Sakis Patikkis. AC Management is wholly-owned by LUKOIL International Upstream Holding B.V., The Netherlands, which in turn is wholly-owned by LUKOIL International GmbH, Austria, a wholly-owned subsidiary of PJSC LUKOIL.
2.4.2 K.N. Holding
K.N. Holding was incorporated in Russia on 28 February 2003.
As at the date of this announcement, the existing director of K.N. Holding is Stepanov Sergey Alexeevich. K.N. Holding is directly and wholly-owned by PJSC LUKOIL.
3.0 BASIS AND JUSTIFICATION FOR THE SALE CONSIDERATION
The Sale Consideration was arrived at on a willing-buyer willing-seller basis, after taking into consideration the future cash flows from the charter party contracts entered into with LUKOIL NVN.

Posted by bullmarket1628 > 2022-01-20 05:16 | Report Abuse

4.0 LIABILITIES TO BE ASSUMED
Save for certain agreed Sellers’ warranties, and the guarantee provided to the Purchasers by Bumi Armada Offshore Holdings Limited to guarantee the Sellers’ payment obligations under the SPA which are subject to claims by the Purchasers (any such claims to be brought within 24 months from Completion), there are no other liabilities, including contingent liabilities and guarantees, to be assumed by the Bumi Armada Group as a result of the Proposed Disposal.
5.0 RATIONALE AND BENEFITS OF THE PROPOSED DISPOSAL
The Proposed Disposal is in line with the strategic plans and intention of the Bumi Armada Group as previously announced, to exit the offshore marine services business. It will also generate cash inflow to enable the Bumi Armada Group to repay and reduce its corporate debt. Further, it will allow the Bumi Armada Group to redeploy and focus its resources on its core activities.
6.0 UTILISATION OF PROCEEDS
Approximately USD38.0 million of the proceeds received from the Proposed Disposal will be used to reduce the Bumi Armada Group’s corporate debt whilst the remaining proceeds amounting to approximately USD6.5 million will be retained for working capital purposes. The proceeds are expected to be fully utilised within 3 months from the receipt of such proceeds.
7.0 RISKS OF THE PROPOSED DISPOSAL
Save for the risk of non-completion, the Board does not foresee any material risk factors arising from the Proposed Disposal.
8.0EFFECTS OF THE PROPOSED DISPOSAL
The Proposed Disposal is expected to result in a loss on disposal of subsidiaries of approximately RM25 million to the Bumi Armada Group.
The effects of the Proposed Disposal to the results of Bumi Armada for the 9-month financial period ended 30 September 2021 are as follows:
Benchmark Financial effect (%)
Earnings per share 5.5%
NA per share 0.7%
Gearing ratio 0.7%
Share capital and the shareholding of the substantial shareholders of Bumi Armada No impact
9.0 APPROVAL REQUIRED
The Proposed Disposal is not subject to the approval of Bumi Armada’s shareholders and/or any regulatory authorities as the highest percentage ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 18.1% based on the latest audited financial statements of Bumi Armada for the financial year ended 31 December 2020.
10.0 INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED
None of the Directors and/or major shareholders of Bumi Armada and/or persons connected with them have any interest, either direct or indirect, in the Proposed Disposal.
11.0 DIRECTORS’ STATEMENT
The Board, having considered all aspects of the Proposed Disposal (including the rationale, benefits and the effects of the Proposed Disposal), is of the opinion that the Proposed Disposal is in the best interests of the Bumi Armada Group.
12.0 ESTIMATED COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of 2022.
13.0 DOCUMENT FOR INSPECTION
The SPA will be made available for shareholders’ inspection during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement at the registered office of the Company at Level 21, Menara Perak, 24 Jalan Perak, 50450 Kuala Lumpur.  

This announcement is dated 19 January 2022.

Posted by bullmarket1628 > 2022-01-20 05:21 |

Post removed.Why?

Posted by ITreeinvestor > 2022-01-20 07:02 | Report Abuse

The four subsidiaries recorded a combined loss after taxation of RM56.6 million for the nine months ended Sept 30, 2021,

Meaning each quarter PAT will be increase around (56.6m/3quarters)=18.8m in Y2022

Posted by Mabel > 2022-01-20 08:13 | Report Abuse

#Bon888 Congratulation on Meow battleships and supertankers moving full speed! Just one Serba keeping inside the freezer.
19/01/2022 12:14 PM

Thank you Bon888...

Almost all Battleships and Supertankers Climb yesterday..

Ang Pow is definitely cumming for all Battleships and Supertankers shareholders...

Yes Serba is current in the freezer. No issues for Mabel. Can wait as the warrant will only expires in Dec 2024. Hopefully by that time Serba will resolve all the current issues..

To Our Success !

Captain Mabel Sparrow

Posted by warris > 2022-01-20 08:15 | Report Abuse

restructure on going...

Posted by JoshuaMS7 > 2022-01-20 09:22 | Report Abuse

walao drop so fast to 0.515!! ::(

Posted by serpent100 > 2022-01-20 09:35 | Report Abuse

Naik cam kura2.. Turun macam terjjun

Posted by strattegist > 2022-01-20 10:02 | Report Abuse

soft

Posted by JoshuaMS7 > 2022-01-20 11:43 | Report Abuse

lucky no sell, rebounding bk :)

Posted by Krrish17 > 2022-01-20 12:11 | Report Abuse

Oil price is stabilising

Posted by bullmarket1628 > 2022-01-20 12:13 | Report Abuse

One more trading week to CNY,
Got Angpow or no Angpow ?

Posted by shocklim > 2022-01-20 12:26 | Report Abuse

BA will test resistance level of .545
It tried yest
If it cannot break
Then price will drop back like last round

Posted by JoshuaMS7 > 2022-01-20 16:31 | Report Abuse

yahoo bk to 0.535!! waiting for 0.600 soon!

Posted by JoshuaMS7 > 2022-01-20 16:37 | Report Abuse

holding long term should be not a problem for this counter! :)

Posted by Ledangking > 2022-01-20 17:07 | Report Abuse

no problem to hold long term but just worry it will right issue one day

Posted by strattegist > 2022-01-20 20:00 | Report Abuse

closed green 0.535

Posted by freddiehero > 2022-01-20 20:30 | Report Abuse

LU soon?

Posted by serpent100 > 2022-01-20 22:46 | Report Abuse

https://www.autonews.com/executives/stellantis-ceo-carlos-tavares-says-electrification-technology-chosen-politicians-not

Posted by i3lurker > 2022-01-21 10:31 |

Post removed.Why?

Posted by JoshuaMS7 > 2022-01-21 12:02 | Report Abuse

Sold half 0.530 since US markets share dropping everyday and next week might be crashed more if hike rate!

Posted by i3lurker > 2022-01-21 12:08 | Report Abuse

always take the safe route and ship will sail a million miles

must learn to ignore regrets if share price goes up later coz safer is always better.

If share price goes up, think of it as paying insurance premium.

PS
PSS
btw
I also think Armada peaked already



Posted by JoshuaMS7 > Jan 21, 2022 12:02 PM | Report Abuse

Sold half 0.530 since US markets share dropping everyday and next week might be crashed more if hike rate!

Posted by i3lurker > 2022-01-21 15:11 |

Post removed.Why?

Posted by i3lurker > 2022-01-21 15:34 | Report Abuse

its 2:32 am New York time

by 9am New York time when Hedge Funds Pumps or Dumps we will know whether crude oil up or down

and thereafter whether Armada up or down on monday

Posted by bilisutara > 2022-01-21 16:30 | Report Abuse

Kena jaga-jaga takut Rusia dengan Ukraine berperang.. Weekend ni macam-macam boleh jadi..

Posted by ken2004 > 2022-01-21 16:57 | Report Abuse

Why drop!

Posted by strattegist > 2022-01-21 17:21 | Report Abuse

closed red 0.52

Posted by Robert Waters > 2022-01-21 18:35 | Report Abuse

I bought some more. Now is the time to load up. Not much money left, but hey ... every share counts.

The following order has been filled. Please refer to the details of the transaction appended below.

Account Number : M0130XXX
Order ID : 202201211266394
Securities Type : Stock
Stock Exchange : KLSE
Securities Name : ARMADA (5210)
Transaction Date : 21-Jan-22
Order Validity : Good-Till-Date (GTD)
Transaction Type : BUY
Payment Mode : Cash Account (MYR)
Order Type : Limit Order @ MYR 0.520
Quantity Placed (Units) : 66,500
Average Matched Price : MYR 0.520
Total Filled Quantity : 66,500
Unfilled Quantity : 0

Posted by i3lurker > 2022-01-21 18:40 | Report Abuse

share market needs a bit of luck as well

if Russia invades Ukraine during weekend Armada shareholders hit Jackpot

Posted by Macgyver11 > 2022-01-21 20:06 | Report Abuse

Oil price is dropping. Collect back at 0.48/49

Posted by strattegist > 2022-01-24 10:17 | Report Abuse

steady

Posted by strattegist > 2022-01-24 17:24 | Report Abuse

green 0.525

Posted by JoshuaMS7 > 2022-01-25 15:37 | Report Abuse

market seems crashing now, tomoro should be big crash if fomc unexpectedly hike rate aggresively. Run all first :)

Posted by strattegist > 2022-01-25 18:06 | Report Abuse

red 0.52

Posted by strattegist > 2022-01-26 11:33 | Report Abuse

steady

Posted by Jeff12 > 2022-01-26 11:47 | Report Abuse

go up armada

Posted by strattegist > 2022-01-26 17:26 | Report Abuse

green 0.525

Posted by Macgyver11 > 2022-01-26 21:12 | Report Abuse

Wow! Oil 89+ ..going to touch 90. Tomorrow sure break 55c