Investors caution la..tense in between Russia Ukraine and now Russia & USA might trigger WW. Nothing got do warrant ler. Imagine and what happen if WW, all systems down.
The company noted that this was the highest full-year net profit since its listing exercise back in FY11. Share price falls? Must be war jitters and people moving money to cash...
Price dropping probably due to 2 SC vessels in Russia. Market might be thinking these two vessels might be confiscated by the Russian state. Also, that the Bumi Armada entities and assets (including the aforementioned vessels) might be confiscated by the Russian state.
This will halve the number of OSVs in the group?s fleet to just 3 units. Other than the floating production and operation (FPO) vessels, the group still has 2 wholly-owned construction vessels, Armada Installer and Armada Constructor in the Caspian Sea and a jointly-owned unit operating in Indonesia currently. While the 2 construction vessels in the Caspian Sea are idle presently, we understand that they may have contracts lined up later this year.
2 cv still in Russia waiting for contracts. Means will be idle for longer time due to Sanctions?
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....
maestro85
248 posts
Posted by maestro85 > 2022-02-28 16:30 | Report Abuse
majority oil stocks drop. does not make sense to me. please someone enlighten