Posted by strattegist > 2022-01-31 13:46 | Report Abuse

Gong Xi Fa Cai

Posted by Genghiskhan78 > 2022-01-31 13:53 | Report Abuse

https://youtu.be/t9oDoJ1Yvu8

Posted by nashvz > 2022-02-01 09:31 | Report Abuse

oil reaching $100 soon. good to see Hibiscus and Armada already making move up. DAYANG is next one to rise imho. still bargain at the moment.

Posted by Gabriel Khoo > 2022-02-02 21:11 | Report Abuse

OPEC+ Agrees on Another Gradual Oil-Output Hike for March https://www.bloomberg.com/news/articles/2022-02-02/opec-agrees-on-another-gradual-oil-production-hike-for-march

Posted by strattegist > 2022-02-03 17:12 | Report Abuse

closed flat 0.55

Posted by MM78 > 2022-02-03 23:27 | Report Abuse

Armada is in long term contract FPSO rental and operate business, though it’s customers would be happy with high oil price but oil price has no direct and fast effect on Armada’s profit. Its profit is very dependent on its existing FPSO performance up to marks, leading to strong cash flow to pay down its loans fast. Every million $ loan interest saved from is an extra million $ earned. Meanwhile its incoming new FPSO would give Armada another boost. 60 sen Armada’s share price is within sight given its eps is likely more than 10 sens soon. Armada’s 70-80 sens TP next FY can be realistic .

Posted by bullmarket1628 > 2022-02-04 09:25 |

Post removed.Why?

Posted by strattegist > 2022-02-04 09:46 | Report Abuse

Thank you Armada... wa sulah angkat limau

Posted by Bon888 > 2022-02-04 09:47 | Report Abuse

Gap up this morning, keep the momentum!

Posted by strattegist > 2022-02-04 09:47 | Report Abuse

limau manis manyak selap wohhhhhhh

Posted by Bon888 > 2022-02-04 09:49 | Report Abuse

0.80 not a dream. It is very realistic and reasonable target.

Posted by Robert Waters > 2022-02-04 10:16 | Report Abuse

Try to tell the small investors that BAB is NOT related to the price of oil and crude at $91.5+ should be ignored.

You would be right, but they do not listen.

Time to take some profit off the table ?

10% in a few days ....

Posted by zonefinder > 2022-02-04 10:42 | Report Abuse

Has broken multiyear resistance of 55cts. If it holds by end of day, this baby will start sailing. Just don't let the crude price drop below $85...

Posted by MM78 > 2022-02-04 10:53 | Report Abuse

Yes Robert, you are right it can be futile to tell a typical share trader the rationale of long term investing in Armada , even a10 % profits are irresistible to them for not taking taking off the table. Armada valuations are indeed too low at current price and syndicates are lurking to kill the small fishes for bigger catch.

Posted by bullmarket1628 > 2022-02-04 11:02 |

Post removed.Why?

Posted by Macgyver11 > 2022-02-04 12:56 | Report Abuse

Sekejap je nanti turun balik 0.02c.

Posted by nikicheong > 2022-02-04 14:44 | Report Abuse

Anybody got the full article?

Bumi Armada: Possible buoyant outcome for investors

https://www.theedgesingapore.com/capital/global-stocks/bumi-armada-possible-buoyant-outcome-investors

Posted by serpent100 > 2022-02-04 16:53 | Report Abuse

Why armada don't like hibiscus... Not power

Posted by strattegist > 2022-02-04 18:09 | Report Abuse

closed green 0.57

Posted by Gabriel Khoo > 2022-02-04 19:31 | Report Abuse

Armada is one of the 10 stocks of edge singapore 2022 global portfolio

Posted by Gabriel Khoo > 2022-02-04 19:32 | Report Abuse

The only malasysia stock for commodity play i.e. oil

Posted by Bon888 > 2022-02-04 23:53 | Report Abuse

Most of the time the share price depending on public sentiment. It could be flying super high or trading at unreasonable low price. Too much logical thinking you may missed the opportunity.

Posted by armadatuah2017 > 2022-02-05 03:41 | Report Abuse

BA can never be like Hibi. their source of income is stable but not able to increase further with high risk on charter contract...but still as long it's going uptrend, slow2 is okay

Posted by armadatuah2017 > 2022-02-05 03:42 | Report Abuse

Carimin is the best. after bonus, now breaking before bonus issuance level and go even higher...second round of bonus.

Posted by armadatuah2017 > 2022-02-05 03:44 | Report Abuse

they're coming near Hibi despite profits nowhere near BA and Hibi.. no of dhares is so small, easy to push. BA is near at it's NTA

Posted by armadatuah2017 > 2022-02-05 03:45 | Report Abuse

just duduk and harvest. no need to plant more

Posted by Gabriel Khoo > 2022-02-05 07:35 | Report Abuse

https://www.enquest.com/media/press-releases/article/operations-update-12

Posted by bullmarket1628 > 2022-02-05 08:21 |

Post removed.Why?

Posted by kelvin61 > 2022-02-05 12:38 | Report Abuse

Once the big boys decide to push Armada there's no more chance to buy cheap. Like they say, Once "The Eagles Have Landed" all heaven will break loose, cheers.

Posted by itch > 2022-02-05 12:46 | Report Abuse

BA have not been in a better place fot years... expect even better days ahead!

Posted by kmohan62 > 2022-02-05 13:19 | Report Abuse

The only hindrance for share price appreciation is the debt amount and the interest payment there off...once those issues are sorted out...then BA will go back to its glory days...RM 2.00...2.50.Since the company is actively paring down its debt...I think by next year this counter could hit at least RM 1.00 if the price of crude stays around RM60/barrel....nevertheless if the company could secure further contracts which is a very high possibility and the price of crude stays above RM60/barrel...it could reach that target by the 3rd quarter of current year.

Posted by nikicheong > 2022-02-05 17:56 | Report Abuse

Bumi Armada is in a relatively good position now. The debt levels are at a very manageable level. The net gearing has come down to some 1.7x times. Might reduce further to 1.5x by the Q4 2021 results. In the near future, there will be room to take on project debt for large scale projects.

A new contract for the Mumbai Port FSRU is due to be finalised this month. Later this year, expect one new FPSO award from Africa, and possibly new contract win in Russia for the subsea construction vessels.

All current ongoing projects are running smoothly, with significant upside in terms of the exercising of option periods for each of them.

Posted by serpent100 > 2022-02-06 14:14 | Report Abuse

Wow.... Alot sifu when price increase a bit

Posted by Robert Waters > 2022-02-07 07:26 | Report Abuse

It starts well ...

Our case for Bumi Armada is that it is a play on the commodities sector, specifically oil. We think that this company is a good diversification tool — although a risky one — given its stock beta of 2.0. The recovery of oil price should see increasing amounts of activities within the oil and gas sector, and as such companies within the value chain such as Bumi Armada stand to benefit from it.

Posted by armadatuah2017 > 2022-02-07 08:27 | Report Abuse

Just be careful okay not to chase HIGH. Risk is still high for the counter - Debt and Contract cancellation risks are there..

Posted by alenac > 2022-02-07 09:36 | Report Abuse

Good morning Robert, where can I get the latest beta of KLSE stocks?

Posted by Macgyver11 > 2022-02-07 09:38 | Report Abuse

0.60 sdh mahu mari

Huat ah! Heng ah! Ong ah!

Kiki

Posted by Macgyver11 > 2022-02-07 09:40 | Report Abuse

Wow oil going to break 95usd soon

Huat ah! Heng ah! Ong ah!

Kiki

Posted by Krrish17 > 2022-02-07 09:41 | Report Abuse

Not moving at all

Posted by strattegist > 2022-02-07 10:25 | Report Abuse

muted interest...

Posted by reborn23 > 2022-02-07 15:00 | Report Abuse

wait for announcement. good news coming soon.

Posted by armadatuah2017 > 2022-02-07 15:21 | Report Abuse

your mum open for sale is it??

Posted by armadatuah2017 > 2022-02-07 15:21 | Report Abuse

cock statement.

Posted by Macgyver11 > 2022-02-07 16:53 | Report Abuse

Oh oh! Pancit

Posted by strattegist > 2022-02-07 17:35 | Report Abuse

red 0.56

Posted by Macgyver11 > 2022-02-07 17:36 | Report Abuse

BUMI ARMADA
We refer to our announcement dated 19 January 2022 with respect to the Proposed Disposal ("Original Announcement") and wish to further clarify the matters below. Unless the context otherwise requires, capitalised terms used below shall have the meanings given to them in the Original Announcement.



1. Basis of the Sale Consideration of USD44.5 million



The Sale Consideration was derived based on discounted future cash flows, taking into consideration cashflows from the previous contracted firm charter periods for the Ice Class Vessels which were to expire in 2026, as well as potential subsequent charter renewals by the charterer.



2. Justification for the Sale Consideration



The Group had assessed the risks of its Offshore Marine Services ("OMS") business and had decided to monetise such assets since financial year 2019. The Ice Class Vessels were part of the Group’s Offshore Support Vessel ("OSV") business, which in turn is one of the divisions within the OMS business segment.



The Group has, since 2019, disposed of 40 OSVs, including the Ice Class Vessels. The Group currently has 4 remaining OSVs.



The decision to sell the Ice Class Vessel Companies is consistent with the Group’s strategic plan to exit the OMS business segment.



The net assets of the Ice Class Companies take into consideration certain key estimates, one of which being the assumption that the Ice Class Vessels will continue to operate beyond the contracted firm charter period (even though this may not always be the case in reality), but does not reflect the discounted future cash flows of these companies.



The Group is of the view that the Sale Consideration fairly reflects the discounted future cash flows which the Group would have generated from the Ice Class Vessels disposed.



Although the Proposed Disposal may have been transacted at a loss, the Group is also of the view that it is justified on the basis that key resources, namely the capital raised from the sale, and management bandwidth, can be more productively deployed when focused exclusively on the Group’s core business.



This announcement is dated 7 February 2022

Posted by armadatuah2017 > 2022-02-07 18:09 | Report Abuse

same old news announced last montu

Posted by alenac > 2022-02-08 09:44 | Report Abuse

Is it trying to imply that next quarter results will be lower?

Although the Proposed Disposal may have been transacted at a loss, the Group is also of the view that it is justified on the basis that key resources, namely the capital raised from the sale, and management bandwidth, can be more productively deployed when focused exclusively on the Group’s core business.

Posted by Macgyver11 > 2022-02-08 13:00 | Report Abuse

“Bumi Armada is of the view that the sale consideration fairly reflects the discounted future cash flows which the group would have generated from the ice class vessels that are disposed,” it said in an announcement to Bursa Malaysia.

KUALA LUMPUR: Bumi Armada Bhd’s proposed sale of its ice class vessel companies for US$44.5mil (RM186.25mil) had been derived based on discounted future cash flows.

The group said this took into consideration cashflows from previous contracted firm charter periods for the ice class vessels which were to expire in 2026, as well as potential subsequent charter renewals by the charterer.

Bumi Armada announced earlier last month that it is proposing to sell its subsidiaries which own three ice class ships for US$44.5mil cash to Russian oil and gas giant PJSC Lukoil.

“Bumi Armada is of the view that the sale consideration fairly reflects the discounted future cash flows which the group would have generated from the ice class vessels that are disposed,” it said in an announcement to Bursa Malaysia.

“Although the proposed disposal may have been transacted at a loss, the group is also of the view that it is justified on the basis that key resources, namely the capital raised from the sale, and management bandwidth, can be more productively deployed when focused exclusively on the group’s core business,” it added.

Bumi Armada said that it had assessed the risks of its offshore marine services (OMS) business and had decided to monetise such assets since the financial year 2019.

“The ice class vessels were part of the group’s offshore support vessel (OSV) business, which in turn is one of the divisions within the OMS business segment,” it said.

Bumi Armada said that it had disposed of 40 OSVs, including the ice class vessels since 2019. It noted that it currently has four remaining OSVs.

“The decision to sell the ice class vessel companies is consistent with the group’s strategic plan to exit the OMS business segment,” it said. The proposed deal, which is due to be completed by the first quarter of this year, is expected to result in a loss on disposal of RM25mil to Bumi Armada.

Bumi Armada’s subsidiaries Bumi Armada Singapore Holdings Pte Ltd, Bumi Armada Offshore Contractor Ltd and Bumi Armada Russia Holdings Ltd had in Jan entered into a sale and purchase agreement to sell these companies to AC Management Co Ltd and KN Holding Ltd which are both wholly-owned by PJSC Lukoil.

It also said that the net assets of the ice class companies takes into consideration among others, the assumption that the ice class vessels will continue to operate beyond the contracted firm charter period although this may not always be the case in reality.

Posted by nikicheong > 2022-02-08 13:39 | Report Abuse

I'm not sure why the second Bursa announcement is necessary. First announcement already made it clear the disposal was at.a loss. Maybe they're just adding some clarity, but personally I don't see anything new here. Makes sense the sale price was arrived at using DCF