Posted by Ninja _07 > 2023-02-08 14:29 | Report Abuse

Total crash..!!!

Posted by pang72 > 2023-02-08 15:06 | Report Abuse

What is up?

Posted by pang72 > 2023-02-08 15:24 | Report Abuse

Sell today buy higher price later?
This is not making any sense

Posted by pang72 > 2023-02-08 15:25 | Report Abuse

Today call it as armada cheap. Sell day.

Posted by value_seeker > 2023-02-08 15:27 | Report Abuse

You can collect cheap now. Lurker. You luck turn to 57.

Posted by StartOfTheBull > 2023-02-08 15:30 | Report Abuse

Sharks trying to press down?

Posted by value_seeker > 2023-02-08 15:33 | Report Abuse

We all sell? All buy? Can get cheap sell high? All make money. Happy hour.

Posted by StartOfTheBull > 2023-02-08 15:42 | Report Abuse

Selling down for no reason.

Posted by pang72 > 2023-02-08 15:53 | Report Abuse

Just hold till 80c..
Simple!

Posted by pang72 > 2023-02-08 15:54 | Report Abuse

Closing turns green then I laugh due..

Posted by value_seeker > 2023-02-08 16:07 | Report Abuse

Wah Lurker the ship leaving the port at high price 60.5. You missed the ship again?

Posted by pang72 > 2023-02-08 17:10 | Report Abuse

Holding well 60.5c..
Dont over react!!

Sleep well eat well drink more carlsberg and 100 plus..

80c mari

Posted by Bon888 > 2023-02-08 17:46 |

Post removed.Why?

Posted by pang72 > 2023-02-08 18:51 | Report Abuse

ARMADA certainly one of the best return

Posted by MM78 > 2023-02-08 19:54 | Report Abuse

Armada is my flagship in stock investment since I suffered great loss in Sapura Energy counter (depressing). Armada also provided the best return among my other stocks since 2015.The company has not given any dividend since 2016 hence I switched my strategy to partial trading of Armada shares after seeing its ups and downs swept clean my paper profits a few rounds. The last 2 years of partial trading have been rewarding for me and accounted for 74 % of my realized profit for this counter since 2015 making up for no dividend. I am still holding about 55 % of my peak holding of Armada shares after last the few weeks of selling as I could not resist the temptations of cashing in for about 56 % ROI in trading profit. Perhaps this also help to avert some of my fears that history may repeat itself again of Armada price volatility and divert some risk of over investing in this counter. Having said that I am still hoping to see Armada fully reaching PE of about 10 in a year or 2 for my remaining holding. Should its price retrace back to attractive level again, I may not resist adding back.

Posted by Bon888 > 2023-02-08 20:45 | Report Abuse

They are many companies could have better return but I have confident that Armada will give me at least another 100% return in short term based on facts and information I have. I will consider high dividend stocks at my older age. I still young and I accumulating my wealth.

Posted by Bon888 > 2023-02-08 21:42 | Report Abuse

A guy wears a black thinking hat in share investment maybe able to avoid some rubbish companies but that black hat doesn't seem to be able to earn multiple folds of return.

Posted by Bon888 > 2023-02-08 22:39 | Report Abuse

Hey uncle! Rakuzen just normal Japanese food chain stores. Probably you have not tried Omekase before. Spend some dividend money on real good foods dun bring the money to the graveyard.

Posted by MM78 > 2023-02-09 12:43 | Report Abuse

Indeed it is not easy to trade Armada for some profit as dividends while one can see the intrinsic values in Armada business, especially given its improving and stable profitability, better debt to equity ratio, strong operating cashflows these few years. Logically its share price should appreciate faster as its FPSO business is strong and steady except for the ever money loosing OSVs which was largely divested lately. It seems the market sentiments are a little cold and slow until lately. Adopting " 1 bird in the hands is better than 2 birds in the sky" approach is risking the possibility of missing the maximum price should its price never retrace each time I sell. I am learning if this would help to steadily increase the overall profitability investing in Armada instead of holding it completely. Crossing my fingers. Just to share. Please buy, hold or sell at your own pleasures.

Posted by StartOfTheBull > 2023-02-09 21:17 | Report Abuse

Syndicate dumped, cats and dogs all run.

Posted by Bon888 > 2023-02-10 11:06 | Report Abuse

Adjustment after a long rally is normal lah uncle. Nothing to worry. Now back to 0.60. Fundamental still solid and still undervalued, so nothing to worry.

Posted by i3lurker > 2023-02-10 11:32 | Report Abuse

pump and dump
dump and pump

its the same thing

Posted by Bon888 > 2023-02-10 13:09 | Report Abuse

Quater report in next 2 weeks time and new FPSO contract award announcement soon. Pump and dump or dump and pump, no problem at all because the price trend is moving to the moon! To the Moon!

Posted by pang72 > 2023-02-10 14:16 | Report Abuse

Price elevated higher anticipated good QR ahead

Posted by pang72 > 2023-02-10 14:17 | Report Abuse

What I like to see is support at 60c above ..

QR shld be great then rerating to 80c...

Posted by vespa > 2023-02-11 07:47 | Report Abuse

short sellers !!! beware

Posted by success2628 > 2023-02-11 08:05 | Report Abuse

Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day
PUBLISHED FRI, FEB 10 2023 6:18 AM EST
UPDATED 3 HOURS AGO
Ruxandra Iordache

https://www.cnbc.com/amp/2023/02/10/oil-prices-rise-after-russia-says-it-will-cut-output.html

Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow's crude and oil products implemented in the past few months. 
The announced production decline amounts to roughly 5% of Russia's latest crude oil output, which Paris-based watchdog the International Energy Agency estimated was down at 9.77 million barrels per day in December.

The Brent contract for April delivery rose 2.24% to settle at $86.39 a barrel, having risen more than 8% for the week. U.S. West Texas Intermediate crude futures rose 2.13% to settle $79.72 a barrel, and rose 8.63% for the week for to notch the best week since October.
Novak said that the reduction will "help restore market relations," according to a Google translation of comments reported by state news agency Tass.
He noted that the cut does not apply to gas condensate and will be calculated from actual output levels, not from Russia's quota under the OPEC+ output agreement. The decision was not made in consultation with the OPEC+ coalition, which Moscow co-chairs.
OPEC+ producers must typically agree consensus on output policy, with members bound to their targets. But the group has previously allowed voluntary gestures that honor the spirit of existing output agreements — in this case, the Russian decline would build on a previous OPEC+ decision to lower production by a combined 2 million barrels per day, agreed in October last year.
Other OPEC producers facing sanctions, such as Venezuela and Iran, have requested and received exemptions from their production quotas. Several OPEC+ delegates previously told CNBC that Russia had so far signaled no intention to ask for similar accommodations.
The EU implemented bans on seaborne imports of crude oil on Dec. 5 and of oil products this week. Under a program passed by the G-7 wealthiest nations, Western providers may continue to supply key financial and shipping services to transport Russian volumes to non-G7 destinations, provided these fuels are purchased beneath specific price caps.
"As previously stated, we will not sell oil to those who directly or indirectly adhere to the principles of the 'price ceiling'," Novak reiterated on Friday, adding that the price cap program could lead to oil and oil products shortages.
"Lower Russian production together with China's reopening should tighten the oil market further over the coming quarters," UBS Strategist Giovanni Staunovo said in a Friday note to clients.

Posted by success2628 > 2023-02-11 08:13 |

Post removed.Why?

Posted by OrlandoOilSemiconIoT > 2023-02-11 10:06 | Report Abuse

Oil storages in China were maxed out full due to lockdowns

Russia is exporting 11,000,000 barrels per day and all taken up

Now China just reopened
..

Pricing... Sellers are calling the shots

Posted by Bon888 > 2023-02-11 10:58 | Report Abuse

Uncle and Auntie, Brent oil price trade above USD 86 !

Posted by Macgyver11 > 2023-02-11 15:04 | Report Abuse

Macgyver11

Star gives reverse opinion with BNM. There's lot of cover-up from BNM. Just FYI.

https://www.thestar.com.my/business/business-news/2023/02/11/honeymoon-over-as-reality-sets-in

Posted by nikicheong > 2023-02-12 14:16 | Report Abuse

Shapoorji is planning to bid for Brazil FPSO contract, not sure if Bumi Armada is involved in some capacity. However, I recall last year AGM the CEO mentioned that Bumi Armada has zero intention to get involved in the Brazil market.

https://www.upstreamonline.com/field-development/race-is-on-four-contractors-mulling-bids-for-sizeable-petrobras-fpso-in-brazil/2-1-1402003

Posted by Bon888 > 2023-02-12 18:37 | Report Abuse

Last year AGM the MD or CEO said moving forward Bumi Armada will bid for EPCC type of FPSO contracts. Meaning the FPSO project will be the oil company`s CAPEX. This will reduce the company risk and financial burden but the rewards is much lower than current business model. High risk high return, low risk low return.

Posted by Bon888 > 2023-02-12 18:40 | Report Abuse

Or Joint venture type.

Posted by pang72 > 2023-02-12 19:18 | Report Abuse

Let's see how high it can go tmr..
If can lift up to 63 to 65c then almost confirm 80c mari.

Posted by pang72 > 2023-02-12 19:22 | Report Abuse

News reports have it that Bumi Armada could bag a new FPSO charter contract in Angola, with TotalEnergies’ Cameia FPSO project, located on Block 21 offshore Angola, and is a contender for Eni’s Agogo FPSO on Blocks 15 and 16 offshore Angola as well. Other than the two jobs in Angola, Bumi Armada is also understood to be eyeing FPSO contracts in Block 29 in Mexico being undertaken by Repsol.

Posted by nikicheong > 2023-02-12 20:04 | Report Abuse

I think Agogo safely belongs to Yinson.

Posted by Robert Waters > 2023-02-13 03:06 | Report Abuse

I also remember AGOGO going to Yinson. And at that time TUNA became an option. Indonesia is within BA interest area.

Posted by pang72 > 2023-02-13 08:03 | Report Abuse

ARMADA QR 2002
Eps 3.1+3.1+2.5+2.5(estimated)= 11.50
Pe10 1.15

So, 80c from IB is reasonable!!

Posted by pang72 > 2023-02-13 16:12 | Report Abuse

Macam lai liao wo

Posted by pang72 > 2023-02-13 17:18 | Report Abuse

61.5c...
Very high possibility for 80c mari..

Posted by Bon888 > 2023-02-13 17:27 | Report Abuse

Pasti and Mantap!

Posted by Bon888 > 2023-02-13 22:07 | Report Abuse

Uncle! Armada steady bom bi bi!

Posted by Bon888 > 2023-02-13 22:10 | Report Abuse

One Cameia FPSO project win cukup makan already. Enough to push the share price beyond 0.80. Don't think too much and don't be greedy. Steady BOM BI BI OK!

Posted by alenac > 2023-02-14 13:22 | Report Abuse

How much Cameia FPSO project contribute to turnover?

Posted by Bon888 > 2023-02-14 18:50 | Report Abuse

The Cameia FPSO (Floating Production Storage and Offloading) vessel is owned by Eni and operates in Block 15/06 offshore Angola. The FPSO has a storage capacity of 2 million barrels of oil and a processing capacity of 115,000 barrels of oil per day and 100 million standard cubic feet of gas per day. The target production for the Cameia field is around 80,000 barrels of oil per day

Posted by Bon888 > 2023-02-14 18:51 | Report Abuse

The industry charter rate for an 80,000 barrels FPSO (Floating Production Storage and Offloading) vessel can vary depending on a number of factors such as location, contract duration, project complexity, and market conditions. However, as of my knowledge cutoff date of September 2021, industry estimates suggested charter rates in the range of $80,000 to $150,000 per day for FPSOs with a production capacity of 80,000 barrels per day. It's important to note that these rates are subject to change and may vary based on the factors mentioned above. This is ChatGPT`s answer.

Posted by Macgyver11 > 2023-02-15 08:53 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/02/15/more-ev-incentives-soon

Posted by Macgyver11 > 2023-02-15 08:54 | Report Abuse

https://www.cnbc.com/2023/02/13/twilio-layoffs-1500-employees-17percent-of-workforce.html

Posted by Macgyver11 > 2023-02-15 11:04 | Report Abuse

Message from IMF chief

https://www.livemint.com/news/world/world-economy-still-in-very-difficult-place-imf-chief-11676417840230.html

yes correct

now USA has pumped Usd6 trillion fiat money during Covid lock down

and as such there is high inflation in USA
many people cannot afford to pay house loan, car loan and credit card debt

so they scale back from spending

and then all businesses will be seeing less sales and profit will drop

and the share market will go down

if USA goes down the whole world will be dragged down

that is why we have to be very careful and defensive