Posted by bullmarket1628 > 2022-07-28 16:38 |

Post removed.Why?

Posted by MM78 > 2022-07-28 16:40 | Report Abuse

Armada needs to reward its investors with some dividend before more institutional buyers come in to support the low valuations. While we are happy to see the management keep paring down its debt aggressively with its strong net operating cash, the fund managers are less keen with stocks that have not paid dividend for a long time.

Posted by nikicheong > 2022-07-29 10:07 | Report Abuse

Yinson has got BP Angola FPSO (no contract yet, but exclusivity discussion stage now). With that, it should put Bumi Armada the prime candidate for Eni's Angola FPSO. Yinson is kinda stretched at the moment with up to 4 ongoing projects. Bumi Armada just has one ongoing project which is almost the finishing line (Armada Sterling V in India).

Posted by bullmarket1628 > 2022-07-29 10:51 | Report Abuse

alaoeh, What happened ?
Super damn hot man Armada today !
Now Armada already traded at=>
0.385 (+0.01) (+2.7 %)!

Heng ah, Ong ah, Huat ah !

Posted by InsiderShark > 2022-07-29 22:46 | Report Abuse

nikicheong, yinson only got 3 ongoing project, not 4, and 1 will be completed first half of 2023. Angola is still in discussion stage. Yinson is also eying ENI.

Posted by daretocutandchange > 2022-07-30 11:11 | Report Abuse

nikicheong,how many % do you think armada can pay down the borrowing within thesse two year?do you expect revenue can improve 15% this coming quarter ?

Posted by bullmarket1628 > 2022-07-30 11:19 | Report Abuse

Hibiscus has tripled oil production - Koon Yew Yin

Publish date: Fri, 29 Jul 2022, 11:57 AM

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-07-29-story-h1627028513-Hibiscus_has_tripled_oil_production_Koon_Yew_Yin

Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.
Repsol S.A. is a Spanish multinational energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities.
The company announced on 1st June 2021 that it has agreed to sell its operated assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
Hibiscus Petroleum Bhd said on Tuesday (Jan 25) that its indirect wholly-owned subsidiary Peninsula Hibiscus Sdn Bhd had successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corporation (FIPC) from Repsol.
Hibiscus Petroleum noted in a statement that out of the purchase price of US$212.50 million (about RM890.06 million), the net amount paid at completion was US$123.65 million after taking into account various adjustments, including the deposit paid of US$15 million.
The company also made the following announcements:
Hibiscus expects threefold increase in o&g output due to Repsol deal (Repsol Exploración, S.A)
Repsol Asset Acquisition: Completed the trans formative acquisition on 24 January 2022. Assets are expected to almost triple the Group’s net daily oil, gas and condensate production.
New Group Vision and Mission: Aim to achieve target production of 35,000-50,000 boe/day.
Hibiscus Petroleum has good profit growth prospect and undervalued based on 2 factors:
1 Acquisition of Rapsol assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
2 Due to the Ukraine-Russia conflict, oil and gas prices are surging up higher and higher as shown on the chart below.

Hisbiscus reported EPS 15.32 sen for the quarter ending March and EPS 2.42 for its previous quarter ending December 2021. Its next quarter ending June should be much better because of its new acquisition of Rapsol’s assets and the increased oil production due to the Ukraine war.  When the company announces its result before the end of August its share price should shoot through the roof.

Posted by bullmarket1628 > 2022-08-01 09:38 |

Post removed.Why?

Posted by bullmarket1628 > 2022-08-01 09:38 | Report Abuse

This month end Aug 2022’s QR must be superb outstanding already liao lah ! 

Heng ah, Ong ah, Huat ah !

Posted by Macgyver11 > 2022-08-02 13:25 | Report Abuse

Now O&G follow crude oil sentiment, if brent drop Armada follow. Fundamental not applicable..hahaha

Posted by bullmarket1628 > 2022-08-04 19:29 |

Post removed.Why?

Posted by nikicheong > 2022-08-04 23:37 | Report Abuse

During the first half of 2022, average gross production was 27,698 Boepd, which is above the top end of full year guidance of 22,000 to 26,000 Boepd. The floating, production, storage and offloading vessel continues to deliver top quartile performance, with production efficiency of 92% and water injection efficiency of 95%.

https://www.enquest.com/media/press-releases/article/operations-update-14

Posted by paktua73 > 2022-08-05 08:14 | Report Abuse

morning..today got chance see back below em0.34?


tut tut
let see how rally today..

Posted by RISK8888 > 2022-08-05 10:53 | Report Abuse

0.34 no way la. This month good qr again. Hard to go down.

Posted by winmal > 2022-08-05 11:53 | Report Abuse

Nikicheong, thanks for your useful informations, we have more confidence on Armada future outlook.

Posted by Arron Wei > 2022-08-05 11:55 | Report Abuse

Hope armada can get the Eni Agogo project.

Posted by MoneyMakers > 2022-08-06 11:06 | Report Abuse

Lets see some green arrows nxt week

Posted by MoneyMakers > 2022-08-06 11:08 | Report Abuse

Their reserves/accumulated profit will finally turn (+) after soo many yrs

Hopefully mgmt can start give div by yr-end/nxt yr

Posted by Arron Wei > 2022-08-06 16:49 | Report Abuse

i think dividend is impossible because the debt is too huge.

Posted by bjgdila123 > 2022-08-06 20:25 | Report Abuse

collect vollect collect

Posted by MoneyMakers > 2022-08-08 15:10 | Report Abuse

Normal lo oil&gas biz high debt..capital intensive industry

Posted by MoneyMakers > 2022-08-08 15:11 | Report Abuse

Armada debt greatly reduced/manageable past few yrs

1sen div only costs 50Mil anyway

Posted by Arron Wei > 2022-08-08 15:48 | Report Abuse

fed increase interest rate may increase the borrowing costs.

Posted by bullmarket1628 > 2022-08-09 07:16 |

Post removed.Why?

Posted by stainlyho37 > 2022-08-09 13:46 | Report Abuse

very attractive price now...accum. at 0.37..0.375..

Posted by Macgyver11 > 2022-08-10 12:53 | Report Abuse

Adohai! Turun balik. Bilalah nak limit up ni...hari2
Heng ah, Ong ah, Huat ah !
Ckp Kosong je ni bullmarket

Posted by bullmarket1628 > 2022-08-11 07:29 |

Post removed.Why?

Posted by CHLEONG888 > 2022-08-12 07:53 | Report Abuse

Good, everyday limit up . Sitting down there waiting for
money fall down from sky

Posted by bullmarket1628 > 2022-08-12 08:17 |

Post removed.Why?

Posted by yangkwang99 > 2022-08-16 09:57 | Report Abuse

Omg! Another limit up day!

Posted by hng33 > 2022-08-16 10:39 | Report Abuse

Armanda profit NOT rely on crude oil price at all.

Armanda earnings is source from long term rental fees on its FPSO that service oil producing company. Oil price however indirect affect the ability of oil-producing company to pay Armanda on its service rental fee.

The higher the oil price, the more stable oil producing company financially, then, the more likely it will extend Armanda after expire long term service contract.

Aside prompt rental fee receivable, armanda profit margin also affected by USD movement. the higher the exchange rate, the higher the profit in RM profit as all rental fees is in USD denominated

Posted by Macgyver11 > 2022-08-16 13:16 | Report Abuse

Walaoeh, oil price continue to plunge down Like mad liao !
Brent closed at=> $93.60

Like that today Armada will be limit down already liao lah !

Heng ah, Ong ah, Huat ah !

Kikikiki.....baru match kaw kaw

Posted by hng33 > 2022-08-16 17:45 | Report Abuse

Armanda derive positive cash flow about RM 300m every quarter. These have allow armanda to continue trim down debt on quarterly basis.

Posted by bjgdila123 > 2022-08-16 19:14 | Report Abuse

co jln mcm kure kure

Posted by hng33 > 2022-08-17 09:04 | Report Abuse

bought more armanda at 35sen

Posted by hng33 > 2022-08-17 09:14 | Report Abuse

Armanda gross profit margin is now as high as 48%, and these profit margin is expect to expand further due to strengthening USD denominated earning + continue decreasing interest expense due to consistent quarterly repayment debt

Posted by bullmarket1628 > 2022-08-18 07:32 |

Post removed.Why?

Posted by bullmarket1628 > 2022-08-19 08:03 |

Post removed.Why?

Posted by bullmarket1628 > 2022-08-23 10:44 |

Post removed.Why?

Posted by bullmarket1628 > 2022-08-23 11:33 |

Post removed.Why?

Posted by bullmarket1628 > 2022-08-23 11:49 | Report Abuse

Wow, Fantastics !

Now Hibiscs already traded at=>
0.965 (+0.065)(+7.2%) !



Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-08-23 15:41 | Report Abuse

Wow, Fabolous !

Now Hibiscs already traded at=>
0.98 (+0.08)(+8.9 %) !



Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-08-23 20:45 | Report Abuse

Najib whisked away in black SUV to begin 12-year-jail sentence, as daughter vows, ‘Bossku does not end here’ 
By Soo Wern Jun
Tuesday, 23 Aug 2022 7:05 PM MYT

https://www.malaymail.com/amp/news/malaysia/2022/08/23/najib-whisked-away-in-black-suv-to-begin-12-year-jail-sentence-as-daughter-vows-bossku-does-not-end-here/24339

KUALA LUMPUR, Aug 23 — After more than four years of being on trial for misappropriating funds from SRC International Sdn Bhd and losing his final appeal against his conviction today, former prime minister Datuk Seri Najib Razak was seen departing the High Court to begin his 12-year-jail sentence.

The decision today marks a historic moment for Malaysian politics as the country will witness for the first time a former prime minister sent to prison.

"I’m sorry,” were his last words heard when he met with his supporters at the rear entrance of the Palace of Justice…..

Posted by bullmarket1628 > 2022-08-23 22:16 | Report Abuse

Tommorrow stock market definitely will be spike up like mad already liao lah !

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-08-24 06:10 |

Post removed.Why?

Posted by MoneyMakers > 2022-08-24 14:50 | Report Abuse

Up nicely..ready to feast

Posted by nikicheong > 2022-08-24 15:18 | Report Abuse

Any idea when are the results due?

Posted by Robert Waters > 2022-08-24 15:32 | Report Abuse

Somebody knows the results are good. Glad I waited on disposing ...

Posted by nikicheong > 2022-08-24 16:10 | Report Abuse

Results out on Friday noon. I’m expected a solid set of results. Net profit of at least RM200mil for the quarter. The operating FPSOs have had great performance, especially Kraken. Maybe some positive developments on Armada Sterling V which is on course for a October 2022 sail away based on Sembcorp Marine’s recent results. Plus one or two additional good news (Armada Claire status, Mumbai Port FSRU status, new project etc).

Posted by hng33 > 2022-08-24 16:55 | Report Abuse

Agreed