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.
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.
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 .
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.
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.
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?
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."
Want to throw a big party to celebrate the gains of this counter ? Why not do it at sea. Armada Claire has overnight acommodation for 63. This could be a good birthday group. Baby shower, etc. Disconnectible external turret allows you to change location. Here is the listing .... at eurobrokers. https://www.ship-broker.eu/wp-content/uploads/2020/10/FPSO-Armada-Claire-lim.pdf
No syndicate come and goreng the counter, share price will be flat or going down.
Syndicate`s success is depending on bilis. Bilis happily put the their head inside crocodile's jaw, finding food in between crocodile`s teeth. This is the national geography scene in share market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon 888
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Posted by Icon 888 > 2023-03-03 11:16 | Report Abuse
Gem