Posted by Macgyver11 > 2023-02-15 11:29 | Report Abuse

Twilio is one of more than a dozen tech companies to announce layoffs in recent months.

Last week,
Dell
Zoom
eBay disclosed significant cuts to their workforce.

In January
Google - layoff 12,000 workers
Microsoft - layoff 10,000 employees

Salesforce - said it planned to lay off 7,000 workers.

And many more coming. Why this gigantic firms cut manpower?
Time to review back....

Invest wisely.

Posted by Bon888 > 2023-02-15 20:38 | Report Abuse

Eh Uncle! Today volume so low, just about 10 million shares traded. Value about 6 million. Dump apa? You should consider grab some this week. Next week it going to fly.

Posted by Bon888 > 2023-02-15 23:24 | Report Abuse

Perdana Petroleum just reported record profit since 2014. Now is a cyclically climax for Oil and Gas service industry. Just like Glove stocks and technology stocks during Covid period.

Uncle forget your syndicate and global oil price story, ride on the boat. This is once in a decade ride, don't miss the boat and don't forget to leave the boat at the right timing.

Posted by i3lurker > 2023-02-16 15:26 | Report Abuse

syndicate dumping today

Posted by i3lurker > 2023-02-16 16:05 | Report Abuse

syndicate dumping more today

Posted by Bon888 > 2023-02-16 18:45 | Report Abuse

This week let you win lah Uncle. Next week I will be posting syndicates pumping messages here.

Posted by Robert Waters > 2023-02-17 18:25 | Report Abuse

So we have global debt crisis leading to economic crash. Crude oil oversupply. Russian war destrying confidence of investors. Transition to green energy. Syndicate dumping in a pump and dump scheme.
Stock of BAB is stable. Seems like bad news already priced in. May be good time to buy more.

Posted by Macgyver11 > 2023-02-17 22:04 | Report Abuse

Priced in or not, don't gamble. Recession is approaching faster than we thought. Play safe.

Posted by i3lurker > 2023-02-17 22:21 | Report Abuse

June 2023 according to BFF Jaime
4 months to Armageddon
plus minus
minus plus

Posted by nikicheong > 2023-02-19 14:13 |

Post removed.Why?

Posted by nikicheong > 2023-02-19 14:13 |

Post removed.Why?

Posted by nikicheong > 2023-02-19 23:07 | Report Abuse

Lol why is my posting removed??

Posted by Robert Waters > 2023-02-19 23:52 | Report Abuse

Please repost Niki. Maybe someone wants only his messages to be here.

Posted by i3lurker > 2023-02-20 00:33 | Report Abuse

I think crude oil is oversold coz some say China take up is starting already.
the only constant in oil market is constant change.

If oil price goes up some JV profit sharing for Armada will see increased profits

Posted by i3lurker > 2023-02-20 02:29 | Report Abuse

Summary:
STRONG BUY

Moving Averages: STRONG BUY Buy (11) Sell (1)
Technical Indicators: STRONG BUY Buy (9) Sell (1)
RSI(14) 50.041 Neutral
STOCH(9,6) 66.667 Buy
STOCHRSI(14) 71.574 Buy
MACD(12,26) -0.001 Sell
ADX(14) 25.808 Buy
Williams %R -25.000 Buy
CCI(14) 70.5694 Buy
ATR(14) 0.0096 High Volatility
Highs/Lows(14) 0.0000 Buy
Ultimate Oscillator 58.922 Buy
ROC 1.709 Buy
Bull/Bear Power(13) 0.0020 Buy
Buy: 9 Sell: 1 Neutral: 1
Summary: STRONG BUY

Posted by Fieldbus > 2023-02-20 13:39 | Report Abuse

Niki repost.

Posted by nikicheong > 2023-02-20 16:56 | Report Abuse

Has anyone checked with Bumi Armada IR on the Q4 results release date?

By the way, the removed post was based on the Operational Update from Enquest, where they have deferred drilling at the Kraken field. Previously, it was due to occur in 2023. It is a less than ideal news, as the Kraken production is rapidly falling and Enquest needs to drill new wells or tieback the FPSO to adjacent fields to increase/maintain the production plateau. The firm period of the FPSO charter ends in 2026, and a lack of drilling is always worrisome on the long term viability of the FPSO. Although of course, if the drilling is merely deferred for a year, then there shouldn't be much of a problem. However, Enquest's plans for the Kraken field are now unclear as it has been years since a new well was drilled.

Posted by success2628 > 2023-02-21 07:38 | Report Abuse

Perdana Petroleum bags vessel charter contract from Petronas Carigali
theedgemarkets.com/
theedgemarkets.com
February 20, 2023 17:49 pm +08

https://pnews.theedgemarkets.com/node/655961

KUALA LUMPUR (Feb 20): Oil and gas offshore marine service provider Perdana Petroleum Bhd has bagged a RM7.96 million contract from Petronas Carigali Sdn Bhd to supply one unit of anchor handling tug and supply (AHTS) vessel.
In a filing with Bursa Malaysia on Monday (Feb 20), Perdana Petroleum said its wholly owned subsidiary Perdana Nautika Sdn Bhd has received a work order award from Petronas Carigali on Jan 27. Under the deal, Perdana Nautika will provide the AHTS vessel with crews and equipment.
"The contract, which will commence on the vessel's on-hire certificate date, estimated on March 1 is for a duration of up to 245 days, with an option to extend for up to 30 days," it added.

"The contract is expected to contribute positively to the group's earnings and net assets for the financial year ending Dec 31, 2023."
Perdana Petroleum shares closed unchanged at 18 sen on Monday, giving it a market capitalisation of RM399.44 million.

Posted by Bon888 > 2023-02-22 12:27 | Report Abuse

Armada price really impacted by the deffer of Kraken drilling decision. Let's see this QR result and determine the next action.

Posted by nikicheong > 2023-02-22 15:38 | Report Abuse

There is also possible delay to the Armada Sterling V, or delay in FID for the Cameia FPSO. Insiders might have this information and might be selling.

Posted by Fieldbus > 2023-02-22 16:00 | Report Abuse

For this wave I expect it to hit 0.52/0.53 before a rebound upward.

Posted by Michael Kwok > 2023-02-22 17:16 | Report Abuse

Sell call bumi armada 56 cents
Tp 45 cents below
22/2/23 5.16pm

Posted by KimSua > 2023-02-23 07:09 | Report Abuse

Expert another round of USD strengthening and wti oil price hover around USD70 for the SPR to buy back. At least a few weeks. US market should go side ways with a few bear market rallies . This cycle should continue until at least 3rd qtr. So sideways trading strategy applies.

Posted by Bon888 > 2023-02-23 16:55 | Report Abuse

Tmrw show time!

Posted by Bon888 > 2023-02-23 18:19 | Report Abuse

Uncle today got pumping?

Posted by zonefinder > 2023-02-23 22:45 | Report Abuse

Reckon Qtr results after lunch tomorrow

Posted by nikicheong > 2023-02-23 23:33 | Report Abuse

Armada Sterling V set to begin oil production in May.

https://www.upstreamonline.com/field-development/india-s-ongc-unveils-start-up-date-for-flagship-deep-water-development/2-1-1408642

Not sure if this means first oil will come earlier, or if May is the intended first oil date. Either way, seems like a slight delay. Not sure if the delay is due to FPSO operator (the vessel was hooked-up at the end of Dec 22), or with ONGC / other components of the 98/2 field.

Posted by nikicheong > 2023-02-23 23:38 | Report Abuse

Now that I think about it, first oil should be imminent (in the coming days/weeks). May 2023 is the likely target date for the "full acceptance" of the FPSO vessel and commencement of oil production charter.

Posted by Bon888 > 2023-02-24 00:43 |

Post removed.Why?

Posted by vespa > 2023-02-24 10:10 | Report Abuse

Niki thanks for the consistent update some others are just interesting whackos

Posted by vespa > 2023-02-24 10:26 | Report Abuse

meant some other contributors are whacky doos lol

Posted by nikicheong > 2023-02-24 13:12 | Report Abuse

Beautiful set of results at first glance. Headline net profit of RM210m for Q4 2022!

Will post more thoughts after a deeper dive.

Posted by nikicheong > 2023-02-24 13:25 | Report Abuse

Reported net profit: RM210.7m

Adjustments:
1) Loss on disposal: RM14.2m
2) Impairment loss: RM3.1m
3) FX gains: RM5.7m

Adjusted net profit: RM210.7m + 1 + 2 - 3 = RM222.3m

Bumi Armada is a cash cow, but it's just "unexciting" for now. Kinda boring. We need some positive newsflow people! Curiously, the analyst briefing slides also seem very boring - nothing new in there.

Posted by Macgyver11 > 2023-02-24 13:40 | Report Abuse

Qtr excellent and continuously improving but no volume.

Posted by Bon888 > 2023-02-24 13:41 | Report Abuse

This is the record profit since Armada was listed!

Congratulations to all Armada strong supporters!

Posted by nikicheong > 2023-02-24 13:42 | Report Abuse

Debt evolution: https://i.ibb.co/G5Bx1YF/armada-q4-debt.png

Time series visualisation: https://i.ibb.co/wKFsRSN/armada-q4-ts.png

Posted by Macgyver11 > 2023-02-24 13:43 | Report Abuse

Price naik one day show only as usual monday this cash cow will drop back to 0.55c. Armada trend.

Posted by Bon888 > 2023-02-24 13:51 | Report Abuse

Wow net gearing below 1.0.
Is 0.92 now!!!

Thanks Niki for the great summary!

Posted by ageetkumar > 2023-02-24 13:55 | Report Abuse

If valuation continues to be low, could easily become target for privatisation

Posted by i3lurker > 2023-02-24 14:00 | Report Abuse

HIS punya barang always privatised cheap cheap one you dunno meh?
look at HIStory
take any TP like 80 sen with many pinches of salt like say one million tonne of salt

Posted by ageetkumar > 2 minutes ago | Report Abuse

If valuation continues to be low, could easily become target for privatisation

Posted by OrlandoOilSemiconIoT > 2023-02-24 14:23 | Report Abuse

Armada has ticked off almost all the boxes....

Posted by Bon888 > 2023-02-24 14:33 | Report Abuse

Uncle! when your age getting old you starting to worry about this worry about that.
Share market is a dangerous place for you Uncle! You better put all your money in FD.

Look at the management team's effort in Armada in the past few years, the turnaround from a company almost bankrupted to a profitable company now.

Don't forget AK saved the company from bankruptcy in 2019 with his personal loan to Armada almost RM 2 billion. How many listed company big bosses have did the same to rescue a company? Tony Fernandes?

He has the rights to privatize this company, he deserves it! I'm willing to sell back my shares to him, if he make this call!

Posted by Bon888 > 2023-02-24 14:40 | Report Abuse

correction is US$75 million (RM314 million) financing aid.

Posted by nikicheong > 2023-02-24 14:44 | Report Abuse

Yes that US$75m loan from Mezzanine Equities (Ananda's vehicle) was absolutely necessary at the point in time. Today, that amount looks like chump change. And mind you, that was right before Covid happened, and Bumi Armada weathered through as they were already on a corrected trajectory.

I don't believe Bumi Armada will be an easy privatisation target as Ananda doesn't own much of the company to begin with (around 35%). But there may always be an option to merge with MISC or Yinson to create a global flagship FPSO company.

Posted by Bull13 > 2023-02-24 15:22 | Report Abuse

2023 Budget at 4pm. Goodies for O & G companies?....

Posted by serpent100 > 2023-02-24 15:24 | Report Abuse

Armada qr good but share no power….pe 4.8x ….alamak

Posted by Bon888 > 2023-02-24 15:26 | Report Abuse

Coming soon PE 15x.

Posted by zonefinder > 2023-02-24 15:38 | Report Abuse

After this result, TP won't be 60 cts anymore. I will be diving in deeper if price go below 58. I will expect counter to go above 80 once they announce a project win.

Posted by Bon888 > 2023-02-24 15:45 | Report Abuse

FPSO market leader SBM offshore building 6 FPSO at once. Give one new FPSO to Armada is good enough to send the price above 0.80.

https://www.upstreamonline.com/finance/building-six-large-fpsos-all-at-once-is-no-small-task-even-for-market-leader-sbm-offshore/2-1-1408676

Posted by nikicheong > 2023-02-24 17:19 | Report Abuse

Would be great if everyone can share the pdfs of research reports as they become available. Usually in the past AmInvest will update on the same day.