Posted by Bon888 > 2023-03-02 16:59 | Report Abuse

High volume, close high. Very good sign for short term guys.

Posted by Robert Waters > 2023-03-02 17:20 | Report Abuse

My bet is that Armada Claire will be sold. This would be excellent news, as the facility is there. No need for new financing. And instead of liability, we may have cash.
Total Camaia will take some time. Final committment will be proceded by negotiations and intention letters. And Armada insiders would not be confident until it happens to affect price that much. They know that sale is imminent if they have an offer and consider conditions.

Posted by serpent100 > 2023-03-02 17:45 | Report Abuse

After 5 years plus I’m waiting

Posted by Bon888 > 2023-03-02 20:13 | Report Abuse

Look at Yinson agogo FPSO timeline.

Yinson emerged as the frontrunner for Agogo FPSO in September 2022.

Yinson enter into agreement phase for Agogo FPSO in Dec, 2022.

Yinson inked the agreement 2 days ago in February, 2023.

Armada enter into Camaie FPSO frontrunner in Sept, 2022. So is about the time for agreement preparation. Insiders may already involved in agreement negotiations.

Posted by zonefinder > 2023-03-02 21:36 | Report Abuse

Let's see if this will indeed play out soon. Price action is strong.

Posted by Bon888 > 2023-03-03 09:22 | Report Abuse

Rasa rasa boleh pecah 0.70. Mantap guys!

Posted by alenac > 2023-03-03 09:44 | Report Abuse

It's has been a long wait but how fast will the price surge to RM1? Looks for fun managers rerating?
serpent100
After 5 years plus I’m waiting

15 hours ago

Posted by nikicheong > 2023-03-03 10:27 |

Post removed.Why?

Posted by nikicheong > 2023-03-03 10:29 | Report Abuse

The above is a bearish news, so I now doubt if a potential Cameia win is driving the share price movement.

Posted by nikicheong > 2023-03-03 10:34 | Report Abuse

Why always remove my posts?

https://www.upstreamonline.com/exclusive/malaysian-floater-player-pins-down-strategy-for-african-fpso/2-1-1407761

Posted by Bon888 > 2023-03-03 10:34 | Report Abuse

I will let go some near 0.69 but still keeping the balance to the peak.

Posted by Bon888 > 2023-03-03 10:39 | Report Abuse

OK sold some at 0.69. Just in case the price adjustment.

Continue support BA guys!

Posted by Russel > 2023-03-03 11:01 | Report Abuse

The 3 daily candles too strong la....seems like want to break RM1!

Posted by pang72 > 2023-03-03 11:04 | Report Abuse

What is up on armada?

Posted by pang72 > 2023-03-03 11:09 | Report Abuse

Break out

Posted by pang72 > 2023-03-03 11:09 | Report Abuse

70c

Posted by RISK8888 > 2023-03-03 11:10 | Report Abuse

Operator finally letting go?

Posted by Zhuge_Liang > 2023-03-03 11:12 | Report Abuse

Every dog has its day. Laughing all the way to the bank.
When good luck comes, just cannot stop it.
Thank you Armada.

Posted by Zhuge_Liang > 2023-03-03 11:14 | Report Abuse

Posted by nikicheong > 37 minutes ago | Report Abuse

Why always remove my posts?
---------------
You are one of the best knowledgeable person who writes with facts and figures.
I really appreciate your good effort and honest view.
You will be rewarded.
Thank you for your help.

Posted by Russel > 2023-03-03 11:16 | Report Abuse

Armada 不停在噴

Posted by Icon 888 > 2023-03-03 11:16 | Report Abuse

Gem

Posted by Nepo > 2023-03-03 11:26 | Report Abuse

Let see can cross and stay above RM 0.70..it's very impt

Posted by rr88 > 2023-03-03 11:31 | Report Abuse

Gostan. Early gostan move. The earlier you cut loss the better.

Posted by pang72 > 2023-03-03 12:12 | Report Abuse

Wow...
Shit..
Karma smell...
Celaka

Posted by Zhuge_Liang > 2023-03-03 12:28 |

Post removed.Why?

Posted by pang72 > 2023-03-03 12:59 | Report Abuse

Thank you Rr88 sifu..
Sold armada...
Luck is not good, must cut win fast fast on karma stock...

Posted by RISK8888 > 2023-03-03 13:43 | Report Abuse

This company make money, why sell so early?

Posted by Bon888 > 2023-03-03 13:51 | Report Abuse

When market is hot, sell some. When it dropped buy back. No one knows how long this rally will last. Just prepare for the worst and be optimistic on the future of this company.

Posted by Zhuge_Liang > 2023-03-03 13:52 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-03 13:54 | Report Abuse

Posted by Bon888 > 1 minute ago | Report Abuse
When market is hot, sell some. When it dropped buy back.
-----------
Good strategy, good luck to you.

Posted by Fieldbus > 2023-03-03 14:07 | Report Abuse

Niki, I have not seen your post that was deleted by the site moderator and if it is a pulled out from the upstreamonline, then the moderator must have a weird mind set. Need a check-up.

Posted by pang72 > 2023-03-03 14:27 | Report Abuse

High debt stock is for trade not for hold.
Any time will gostan like today..especially in recession day

Posted by OrlandoOilSemiconIoT > 2023-03-03 15:47 | Report Abuse

Armada has ticked all the boxes

Including high ESG score

Seen sign of institutional funds buying?

Posted by OrlandoOilSemiconIoT > 2023-03-03 15:50 | Report Abuse

Conventional technical wisdom

Strong resistance will turn strong support

Will price collapse back?

Posted by MM78 > 2023-03-03 15:53 | Report Abuse

Armada net operating cash flow is so strong at the moment, gearing ratio has remarkably been reduced to less than 1. Its FPSO operations are running well under current CEO tenure, the money loosing OSVs are literally sold off . I cant see much risk of huge hick ups. I am still keep about 60 % of my total holding of Armada from the peak holding in the last 8 years. Keep my fingers crossed Armada financial results in next few quarters would even better. One potential catalyst is for Armada to eliminate the still outstanding accumulated losses of RM 766 K ( see UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY on page 6 of Qtr 4 FY 22 report) before it is allowed to declare any dividend in future. As for market risk, I cannot see how much would its share price be affected should the USA Government's potential deficit crisis blow up sometime in Jue/July .

Posted by alenac > 2023-03-03 15:56 | Report Abuse

Likely big boss is in. Now funds chasing? 50 mill turnover, the game is on?
pang72
What is up on armada?

4 hours ago

Posted by Nepo > 2023-03-03 16:02 | Report Abuse

Most probably the operator is speculate this:-

Malaysian floater player pins down strategy for African FPSO
Bumi Armada has rolled out a dual plan to ensure the availability of yard slots for the Cameia-Golfinho conversion work

2 March 2023 23:01 GMT UPDATED 2 March 2023 23:01 GMT
By Xu Yihe and Russell Searancke in Houston and Oslo
Malaysian contractor Bumi Armada has rolled out a contracting strategy to provide a floating production, storage and offloading vessel if it secures the major contract for TotalEnergies’ Cameia-Golfinho project offshore Angola.

Last year, the French energy giant provisionally lined up Bumi Armada to supply the FPSO which will have a production capacity of 100,000 barrels per day and be the first project in the Kwanza basin.

Since then, Bumi Armada and TotalEnergies have been grappling with rising supply chain costs, with the French supermajor determined to only sanction developments that are “resilient” to oil prices under $20 per barrel, have a breakeven cost of less than $30 per barrel and whose emissions are below 19 kilograms per barrel.

Posted by OrlandoOilSemiconIoT > 2023-03-03 16:02 | Report Abuse

This feels like a re rating

Overdue

Posted by alenac > 2023-03-03 16:05 | Report Abuse

No 60 mill plus turnover, pent-up frustration after so many years of downs.

Posted by OrlandoOilSemiconIoT > 2023-03-03 16:11 | Report Abuse

Big volume

Funds buying based speculation?

Posted by OrlandoOilSemiconIoT > 2023-03-03 16:12 | Report Abuse

Armada backs from oblivion

Should be accorded due recognition

Posted by alenac > 2023-03-03 16:13 | Report Abuse

80 mill today?

Posted by OrlandoOilSemiconIoT > 2023-03-03 16:15 | Report Abuse

Armada announced to do just one RE.............

Posted by OrlandoOilSemiconIoT > 2023-03-03 16:18 | Report Abuse

U wanna speculative....

Posted by alenac > 2023-03-03 16:30 | Report Abuse

Let it slow and retrace. No harm done. Oil price will be expected to move up in 2nd quarter for china and the rest to restock after the world economy is in full swing and the battle in Ukraine enter the second year with fierce fighting in Bakmut while American makes money supplying gas to Europe.
Looks like the market resting as today is Friday. But quite good play anyway. Operator target price achieved. Next week perhaps.

Posted by zonefinder > 2023-03-03 16:55 | Report Abuse

Those of us who have been waiting for last few year will be rewarded other next couple of qtrs. All the fundamentals are good and improving. A re-rating after a major win will drive this up further. Notice Armada price almost caught up with TopGlove and Supermax?

Posted by paktua73 > 2023-03-03 17:25 |

Post removed.Why?

Posted by Bon888 > 2023-03-03 17:30 | Report Abuse

Long time no see paktua73, Tut Tut!
You showing face here meaning got something big coming. Tut tut!

Posted by Bon888 > 2023-03-03 17:33 | Report Abuse

My English not so good. Could someone explain what does the statement below mean?

"the French supermajor determined to only sanction developments that are “resilient” to oil prices under $20 per barrel, have a breakeven cost of less than $30 per barrel and whose emissions are below 19 kilograms per barrel."

Apa benda dia cakap?

Posted by Bon888 > 2023-03-03 17:36 | Report Abuse

Where is this Mabel cat? Lost all her panties in Serba Dynamik? She sold her Armada supertanker already?