White cat or yellow cat, can catch a rat is a good cat. Karma stock or non-karma stock, can make money is a good stock. No point to twist the story to suit you and bad mouth a good person.
Armada will secure the Cameia FPSO project in Angola in 2023. EPCIC project only, not charter service project. Margin is high in the current tight FPSO market.
Camera FPSO EPCIC project is a good project for Armada. The risk is much lower, no need worry about capital and funding. Build it and collect money. Start printing money from the project phases. Unlike other projects waiting for 1st oil only start printing money.
I hope those shorties and get hurt so bad for messing with the Pearl Armada, to those Ikan Bilis get lost if you are not interested in making big money.
One thing I've missed out on and just realised is that there is a high likelihood of an extension in the firm charter period upon the expiry of the initial firm charter period for Armada Sterling II in Q2 2024.
From ONGC 2022 annual report: Production of Cluster-7 & 8 fields of Mumbai High Asset increased from 5,700 bopd on 1 April 2021 to 16,800 bopd on 28 January 2022.
Cluster-7 and Cluster-8 are both tied to the Armada Sterling II FPSO. This augurs well for the long-term viability of the FPSO.
Bon888 Where is this Mabel cat? Lost all her panties in Serba Dynamik? She sold her Armada supertanker already? 03/03/2023 5:36 PM
Haha Mabel been busy with Singapore and Hong Kong boyfriends, Bankers, Gamuda, Sime Darby, Sunway etc.. As for Battleships Mabel is busy with Dnex, Icon and Sapnrg. Serba is a cruise as far as mother shares is concern. Still holding the 2019 Free Warrant..
Armada no need to monitor one. Highly Profitable Battleships since 2019..
The action on the price of Armada is very encouraging today. But I still keep my stake in it until: 1. Armada Sterling V produces first oil. 2. QE improve as profits from 1 will replace costs. 3. New project is anounced. The above should cause rating upgrades and upswing to fair value. Then I cash in.
In the absence of any new developments, I will consider start to consider selling at RM0.80 level, strongly consider at RM0.90 level, and definitely cash in at RM0.95 level.
As and when further developments come to light, I'll adjust my price target view accordingly.
Sapura : 7 days return is 0%, 1 year return is 25% Icon: 7 return is 5.56%, 1 year return is 62% Armada: 7 days return is 3.79%, 1 year return is 59.3%
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....
pang72
51,172 posts
Posted by pang72 > 2023-03-06 16:16 | Report Abuse
70.5c in a glance...