BUMI ARMADA BERHAD

KLSE (MYR): ARMADA (5210)

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Last Price

0.59

Today's Change

0.00 (0.00%)

Day's Change

0.58 - 0.59

Trading Volume

8,461,900


46 people like this.

71,581 comment(s). Last comment by rohank71 11 hours ago

paktua73

18,253 posts

Posted by paktua73 > 2022-07-07 11:41 | Report Abuse

hehe..paktua telan 1 time at rm0.35
busat busat eat pinya..
hehe

now wait final reload at rm0.33..
up paktua follow..down paktua swallow..
apadaa hal
hehe



tut tut
done at here see back when reach rm0.33

Posted by bullmarket1628 > 2022-07-07 13:33 | Report Abuse

Top up more Armada @0.35

Heng ah, Ong ah, Huat ah !

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-07 14:22 | Report Abuse

Oh nooooo!

Posted by chankahmun77 > 2022-07-07 15:53 | Report Abuse

Pengsan.

Keyman188

5,968 posts

Posted by Keyman188 > 2022-07-07 15:55 | Report Abuse

OMG...What is happening for oil price !!!...

Foresee brent oil will dip below $60 within next 6 months...


wkwkwk...kekeke...hehehe...

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-07 17:08 | Report Abuse

Smart investors appear to agree: three energy gurus led by Warren Buffett himself have chosen to follow the Oracle's time-tested market wisdom of being fearful when others are greedy, and greedy when others are fearful. Over the last few weeks, Buffett, Jerry Jones and Harold Hamm--three of the richest and most successful businessmen in the U.S.-- have doubled down on their oil and gas bets, using the selloff as a buying opportunity.

Between June 17 and June 22, Buffett bought 9 million shares of Occidental Petroleum (NYSE:OXY) for around $56 per share, which compares favorably with his previous purchase of OXY in the $50-58 range. In effect, Buffett now owns 25% of OXY, counting his warrants and total shares purchased. The Oracle of Omaha also owns a $20-billion stake in Chevron Corp. (NYSE:CVX). Warren Buffett is ranked the world's 7th richest person with a net worth of $96.9B. Unfortunately, Buffet has seen his net worth shrink by $13.4B in the year-to-date, mainly due to the poor performance of his other U.S. stock investments thanks to a wide market selloff.

Several weeks ago, the Wall Street Journal featured Dallas Cowboys owner Jerry Jones in a story detailing how the billionaire grew his $1.1B investment in natural gas producer Comstock Resources Inc. (NYSE:CRK) into $2.7B. Interestingly, Jones bought control of Comstock Resources at the depths of the gas bust before natural gas prices made a dramatic U-turn. Jerry Jones is #182 on the Bloomberg Billionaires Index with a net worth of $10.7B, marking a nearly 15% increase.

Meanwhile, Harold Hamm, majority owner of shale exploration giant Continental Resources (NYSE:CLR), has gone on an all-out war to buy back the company's minority stake. Earlier this month, Hamm offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share, claiming that his company is grossly undervalued. The Hamm Family collectively owns 83% of the total outstanding shares of common stock.

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-07 17:12 | Report Abuse

Follow the gurus...our investment is pretty much small compared with them, why worried...ha!

Posted by AlanKLNg28 > 2022-07-07 20:29 | Report Abuse

Well written

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-07 21:51 | Report Abuse

Some analysis including city index expected oil could drop as lower as US45/barrel meanwhile JP Morgan firmly believed that global oil prices could climb to a "stratospheric" $380/bbl if G7 nations succeed in imposing caps on the price of Russian oil and prompt Vladimir Putin to inflict retaliatory production cuts.

According to JPM, Russia's robust fiscal position means the country can afford to slash crude output by as much as 5M bbl/day without excessively damaging its economy. However, such a drastic reduction would be bad news for oil consumers as it would push Brent crude prices to $380/bbl.

Remember last year JP Morgan is the one who predicted oil could hit usd 100/bbl....

Let's see

Posted by bullmarket1628 > 2022-07-08 07:20 |

Post removed.Why?

paktua73

18,253 posts

Posted by paktua73 > 2022-07-08 10:41 | Report Abuse

morning..
paktua bet on oil stock for end this year bonus..
hibiscus,armada n dialog..
set..
armada can reach rm0.50 n above..
hibiscus back reach rm1.35 above
and dialog back rm3.00 n above..



tut tut
follow warrnt Buffet gang
hehe

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-08 12:07 | Report Abuse

Today Goldman Sachs is bullish on oil price and believed oil can surpass usd140/bbl....

Oil prices may be dropping, but oil is still headed for $140 per barrel, Goldman Sachs told CNBC on Thursday, and could even hit $140 in the face of a recession.

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-08 12:11 | Report Abuse

Wonder why the great investments gurus choose O&G stocks

Follow the guruuuuus...ha!

Eric Lim

508 posts

Posted by Eric Lim > 2022-07-08 15:23 | Report Abuse

dear ananda, please call warrent buffett and invite him to invest in armada, it is dirt cheap now

Posted by bullmarket1628 > 2022-07-09 08:24 |

Post removed.Why?

Mabel

23,192 posts

Posted by Mabel > 2022-07-10 00:28 | Report Abuse

Good stuff Maquiver!

Thanks for sharing..

Posted by bullmarket1628 > 2022-07-13 09:49 | Report Abuse

Top up more Armada at @0.335

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-07-13 10:00 | Report Abuse

Can’t imagine can get Armada at such a low price of @0.335

Heng ah, Ong ah, Huat ah !

MM78

595 posts

Posted by MM78 > 2022-07-13 10:17 | Report Abuse

Armada is so undervalued now just base on its net operating cash flow alone , especially after it stopped bleeding by selling off the OSVs. Market sentiment swings to the wrong side too much on Armada.

Posted by yangkwang99 > 2022-07-14 10:40 | Report Abuse

Hope is not like the glove experience!

KoiFish

117 posts

Posted by KoiFish > 2022-07-14 11:44 | Report Abuse

Armada still boleh meh?

KoiFish

117 posts

Posted by KoiFish > 2022-07-14 11:45 | Report Abuse

If you believe this paktua, you are going to lose lots of money. Speaking from experience. Study your own and make prudence decision

Michael Kwok

6,066 posts

Posted by Michael Kwok > 2022-07-14 16:05 | Report Abuse

Downgrade armada below 20 cents.
if got below 30 cents buy some.
Price: 33 cents time :16.05

nekosaan

625 posts

Posted by nekosaan > 2022-07-14 16:27 | Report Abuse

more and more panic selling, habis......below 0.30 soon

Posted by bullmarket1628 > 2022-07-14 17:39 | Report Abuse

Top up more Armada at @0.325

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-07-14 17:41 | Report Abuse

Oh my goodness,
Such a low price of @0.325 also able to grabbed it !

Heng ah, Ong ah, Huat ah !

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-14 22:53 | Report Abuse

Oil price dropping meanwhile buffet is building up his equity in O&G ....



Warren Buffett’s Berkshire Hathaway has bought another 4.3 million shares in Occidental Petroleum, bringing its total stake in the company to 19.2 percent, Reuters has reported, citing an SEC filing by Buffett’s investment vehicle.

The stock purchase is the latest in a series that has seen Berkshire Hathaway increase its interest in Oxy from less than 14 percent to close to 20 percent. This has prompted talk that the investment firm might be planning to take over the oil major.

Dangel

422 posts

Posted by Dangel > 2022-07-15 08:15 | Report Abuse

Moving towards 30cts!

zonefinder

232 posts

Posted by zonefinder > 2022-07-18 11:11 | Report Abuse

Expecting QTR announcement this week

Posted by bullmarket1628 > 2022-07-18 11:20 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-18 14:29 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-18 14:45 | Report Abuse

Wow, Fantastics !

Now Armada already traded at=> 0.35 (+0.025) (+7.7%) !



Heng ah, Ong ah, Huat ah !

Posted by yangkwang99 > 2022-07-18 18:09 | Report Abuse

One day only! Why so excited?

Posted by bullmarket1628 > 2022-07-18 18:45 | Report Abuse

Wow, Marvellous !
Hibiscs closed at=> 0.89 (+0.07)(+8.5%) !



Heng ah, Ong ah, Huat ah !

paktua73

18,253 posts

Posted by paktua73 > 2022-07-19 17:42 | Report Abuse

paktua will buy huge if reach rm0.32-0.30


tut tut
let see

Posted by yangkwang99 > 2022-07-20 15:47 | Report Abuse

No tut tut!

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-21 17:01 | Report Abuse

Too bad. Very happy see the price moving up but unfortunately oil price plunged down. Tomorrow might drop again, follow the oil market sentiment..aisayman!

1pingpong

607 posts

Posted by 1pingpong > 2022-07-21 20:06 | Report Abuse

sentiment is but will drag the price for a moment. Ultimately a good company, performing company will prevail in the end. Armada is on good company.

winmal

1,125 posts

Posted by winmal > 2022-07-22 10:57 | Report Abuse

if company continue to pare down his debt via positive cashflow generate from his operating, his share price will reflect his fundamental value at the end.

Macgyver11

2,434 posts

Posted by Macgyver11 > 2022-07-22 13:09 | Report Abuse

FYI,
But not final verdict, still not sure. sometimes cannot trust this bankers.

KUALA LUMPUR: CGS-CIMB Research is positive on Yinson Holdings Bhd's probability of securing either Italy's Eni's floating production storage offload (FPSO) Agogo project or BP's FPSO contract.

The firm said the bid for the time charter contract for Eni's FPSO Agogo, offshore Angola project is nearing conclusion, as Yinson is expecting Eni to award the contract either in the third quarter (Q3) or Q4.

Yinson is in the running together with MISC Bhd and Bumi Armada Bhd.

MISC recently said that it is no longer particularly keen on pursuing Agogo, preferring instead to focus its attention on TotalEnergies' FPSO Cameia project.

"This means that the FPSO Agogo time charter contract is now a two-horse race between Yinson and Bumi Armada.

"Bumi Armada recently undertook a significant recruitment exercise to build project execution capacity, while Yinson is likely to move the project team on the nearly completed FPSO Anna Nery project to the Agogo project, should it win the award," it stated.

Yinson is also keen to secure the FPSO contract for BP's Block 31 SE-PAJ development offshore Angola, and BP is interested in using the FPSO Nganhurra as a redeployment candidate.

It is viewed that Yinson may have the edge over its competitors because the latter has a purchase option for the Nganhurra that expires at the end of 2023.

"If Yinson does not win the FPSO Agogo contract (it is asking for very high charter rates), the BP project can be a fallback.

"If Yinson wins Agogo and the BP project, it will wait for the Atlanta to be delivered in mid-2024 before it will start engineering, procurement, construction, installation, and commissioning (EPCIC) work for the BP project in order not to overstretch its project execution capabilities," it said.

Yinson's plan to list its FPSO holding company by the end of 2022 is unlikely to materialise due to poor market conditions and because the restructuring of the FPSO assets is being held back by slow client approvals.

Yinson will fund the Agogo or BP projects by selling equity stakes in existing FPSO assets. However, a second rights issue is not under consideration.

The firm maintained its 'Add' recommendation on the company with a target price of RM3.23.

nikicheong

2,360 posts

Posted by nikicheong > 2022-07-22 14:14 | Report Abuse

Still awaiting the following good news (the sooner, the better!):

1) New contract secured in Angola (Agogo field operated by Eni)
2) Finalisation of the Mumbai Port FSRU project contract
3) Sale of FPSO Armada Claire
4) Sail away of FPSO Armada Sterling V

These need to happen for the share price to move up. Otherwise, there will be no reason for it to move. Of course may have other good (maybe even bad) news that are unforseen, but these 4 are the key expected things to look out for in the short term.

Posted by bullmarket1628 > 2022-07-26 09:34 |

Post removed.Why?

nicholas99

9,844 posts

Posted by nicholas99 > 2022-07-26 09:40 | Report Abuse

lol

Posted by yangkwang99 > 2022-07-26 11:03 | Report Abuse

Omg! Weak support! Always not convincing break!! Overcoming 40 cents a tall order ha!!!! Nothing exciting!

Posted by bullmarket1628 > 2022-07-26 11:45 |

Post removed.Why?

Posted by yangkwang99 > 2022-07-26 13:54 | Report Abuse

Yea! Admire your optimism! U deserve to huat!!!

hng33

19,795 posts

Posted by hng33 > 2022-07-26 16:54 | Report Abuse

Bumi armanda profit USD denominated, higher USD rate translate into higher MYR profit

hng33

19,795 posts

Posted by hng33 > 2022-07-26 17:38 | Report Abuse

Armanda net gearing level will lower to below 0.8x by end year.

Posted by bullmarket1628 > 2022-07-28 11:19 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-28 11:26 | Report Abuse

QR next month must be superb outstanding and Armada at least will be around 60 cents once the QR released !

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