Posted by Jerichomy > 2023-04-05 13:00 |

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Posted by Jerichomy > 2023-04-05 13:11 | Report Abuse

Dah turun harga OMG

Posted by Jerichomy > 2023-04-05 13:11 | Report Abuse

Head and shoulder

Posted by 3lephAnt > 2023-04-05 15:01 | Report Abuse

T+2

Posted by chankahmun77 > 2023-04-05 17:48 | Report Abuse

Hi Bon 888 and MM78,
Companies Act 2016 says dividends can only be distributed out of profits. FX reserves are not profits.

Posted by MM78 > 2023-04-05 18:20 | Report Abuse

Hi chankahmun77,
Thanks for the clarifications. This clear up my thoughts on this matter. Chatgpt answer is incorrect then. So we may still need another good year profitability of Armada before it can reverse its accumulated losses to positive and allow the board to declare any dividend.

Posted by chankahmun77 > 2023-04-06 09:34 | Report Abuse

MM78,
Well, it is entirely up to the Board. More importantly, one needs to know that before such dividends can be made, the Board is required to assess and be satisfied that the Company will still be solvent for the coming 12 months after the distribution is made (paid). So the process is not so straight forward and the onerous in on the Board.

Posted by MM78 > 2023-04-06 16:42 | Report Abuse

Chanahmun77,
I totally agree it is not so straight forward for the board to decide dividend matter given it still have big bank loans to pay. I am more for Armada is finally allow to issue dividend once its accumulated losses /profit reserve become positive. At that juncture it may attract fund managers' interest hence may help to lift its market valuations better. I also see it is imperative for Armada continue reducing its debts given current world financial uncertainties to cut the risks of high finance costs and put itself in good position to fund next potential project without right issue. We can get some dividends sometimes through swing trades while hold our core holdings for final harvest at right PEs.

Posted by Robert Waters > 2023-04-06 18:50 | Report Abuse

Even before the discussion of the dividends here, I was of the opinion that should it be declared, I would not sell my stake, but rather use the payments for other investments. If other stakeholders think the same, this would be beneficial for the price.
Overall, considering that this company was started at 3 myr ++ and had buy recommendations about 10 years ago, it sure is disappointing for their investors. However, it paid dividend at that time, or there was expectation thereof. Lets hope expectation or possibility will become a factor soon.

Posted by Bon888 > 2023-04-07 18:45 | Report Abuse

This ability to pay dividend indirectly show that the company's earnings and cash flow are strong, debt level is healthy, and growth prospect is good. This will totally change the stock valuation.

Give 0.01 cent is good enough!

Posted by Bon888 > 2023-04-07 18:50 | Report Abuse

0.01 cent dividend just RM 59.18 million. This is peanut for Armada.

Posted by Robert Waters > 2023-04-07 21:22 | Report Abuse

Hello xxx, you have 1 new important update for ARMADA
Bumi Armada Berhad
ARMADA
Share Price 7 Day 1 Year
0.65 2.4% 53.6%
Now 20% undervalued
Over the last 90 days, the stock is up 37%.
The fair value is estimated to be RM0.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Revenue has been flat over the last 3 years. Earnings per share has grown by 77%.
For the next 3 years, revenue is forecast to decline by 1.2% per annum. Earnings is forecast to grow by 3.1% per annum over the same time period

Posted by Jerichomy > 2023-04-08 10:19 |

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Posted by Jerichomy > 2023-04-08 10:19 |

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Posted by Zhuge_Liang > 2023-04-08 10:45 |

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Posted by OTB > 2023-04-08 11:03 |

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Posted by Jerichomy > 2023-04-08 11:50 |

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Posted by Jerichomy > 2023-04-08 13:18 |

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Posted by TanDavid88 > 2023-04-09 11:45 |

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Posted by Jerichomy > 2023-04-09 13:11 |

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Posted by Zhuge_Liang > 2023-04-09 22:25 |

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Posted by alenac > 2023-04-10 11:24 | Report Abuse

Time for Armada to move upward this year. Inflation will be with us for quite some time so live with it. The USA has not been able to tame it & Feds may abandon interest rate increase if it affects corporate recovery. Southeast Asia non-oil producing countries will be affected by oil prices hitting USD100 and above per barrel.
Triple-digit oil will complicate central bank efforts to quell inflation.
The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
In terms of a hit to government finances from the OPEC+ cuts, the biggest losers will be Asia’s developed economies heavily dependent on oil imports, as well as emerging markets in south and Southeast Asia, which not only rely on imported energy but also have weak fiscal balances. Those are the mature economies of Japan and South Korea, and the emerging markets India and Pakistan in south Asia, as well as Argentina, Turkey, and South Africa, according to Pavel Molchanov, managing director of private investment bank Raymond James.

https://oilprice.com/Energy/Oil-Prices/The-Biggest-Losers-Of-100-Oil.html

5 seconds ago

Posted by Jerichomy > 2023-04-10 13:21 |

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Posted by Zhuge_Liang > 2023-04-10 14:12 |

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Posted by Vincent8864 > 2023-04-10 14:36 | Report Abuse

Just ignore him, you stop replying all his messages. Let him talk to himself. Skip reading all his posts.

Posted by 3lephAnt > 2023-04-10 14:58 | Report Abuse

The bright side is that despite the slim volume today, prices are holding up and on the ascendance.

Posted by MM78 > 2023-04-10 15:13 | Report Abuse

Vincent8864 wrote "Just ignore him, you stop replying all his messages. Let him talk to himself. Skip reading all his posts"

I agree with you, Vincent , just ignore Jerichomy's non sensible comments and dont response at all, he may fade away like those behave the same here before.

Posted by Colin01 > 2023-04-10 16:34 | Report Abuse

Gents, dont have to be angry and just ignore negativity. Whenever you feel frustrated just open your trading account and see the handsome green number from armada, your mood will be different.
Captain on the deck and we will sail further, cheers!!

Posted by Jerichomy > 2023-04-10 19:05 |

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Posted by Jerichomy > 2023-04-10 19:06 |

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Posted by Jerichomy > 2023-04-10 21:51 |

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Posted by Robert Waters > 2023-04-10 23:29 | Report Abuse

Today BA is up 5%, but Yinson is down 1%. What an unusual day, considering tha crude is down.
I know from experience that armada did not fail to disappoint us in the past, so sure we will lose some gains soon.
But I have to admit that our counter is surprising us more frequently on the positive recently.
Way to go.

Posted by Jerichomy > 2023-04-10 23:47 |

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Posted by vespa > 2023-04-11 00:23 | Report Abuse

Jerichomy you are an interesting person

Posted by Jerichomy > 2023-04-11 11:00 |

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Posted by Zhuge_Liang > 2023-04-11 11:16 |

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Posted by Jerichomy > 2023-04-11 12:27 |

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Posted by Robert Waters > 2023-04-11 18:39 | Report Abuse

Today is a difficult day for BA longs.
Like women in abusive relationships, we are accustomed to pain, abuse, putdowns on this board.
Ralies are usually short lived, followed by quick retracing the lows.
And here it is again, all indicators green, up on a red day, positive news expected.
Let us try to learn new ways of this counter.
I believe 1 MYR is possible in the near future. Experienced it with other counters, like carimin.

Posted by Robert Waters > 2023-04-11 18:43 | Report Abuse

In case you missed it, Kenanga gives BA target 0.75. Within reach this quorter, in my opinion.
.........................................
We maintain NEUTRAL on the sector, given limited catalyst for big-cap names, with our sector top picks such as ARMADA (OP, TP: RM0.75) and WASEONG (OP, TP: RM0.97).

Posted by Bon888 > 2023-04-11 21:22 | Report Abuse

With current profit record, strong cash flow and up coming project announcement s. MYR 1.00 is 1000% possible.

Posted by Jerichomy > 2023-04-11 21:25 |

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Posted by daretocutandchange > 2023-04-11 22:31 | Report Abuse

armada,carimin,penergy and uzma I also have

Posted by Bon888 > 2023-04-12 10:29 | Report Abuse

0.695 already. Full stream ahead! Hahahaha !! Selamat Hari Raya!

Posted by nikicheong > 2023-04-12 10:52 | Report Abuse

India’s state-owned Oil & Natural Gas Corporation (ONGC) has taken to social media including Twitter to express its thanks to the Indian Navy for getting operations back on track at its Cluster 2 development on Block KG-DWN 98/2 off India’s east coast.

Operations at the operator’s first domestic deep-water project had been halted after the floating production, storage and offloading vessel Armada Sterling V became stranded due to large fishing nets getting entangled in its fuel extracting mechanism, the operator said.

ONGC via LinkedIn expressed its “immense gratitude” to the Indian Navy “for extending timely support in restoring the operation of KG-DWN 98/2 project off Kakinada”.

“Timely action by [the] Indian Navy has completely restored operations enabling considerable savings to the exchequer.”

ONGC added that the Indian Navy had responded quickly to the incident with their team of “highly professional” divers successfully clearing the nets despite extremely challenging underwater conditions - on account of which the salvage efforts took nearly a month.

The FPSO is owned by Shapoorji Pallonji Oil & Gas' 70:30 joint venture with Malaysia's Bumi Armada. Armada Sterling V is Indian contractor Shapoorji Pallonji's fourth FPSO and its third such unit for Indian waters.

The Armada Sterling V in late December was hooked up on ONGC's Cluster 2 asset and had been expected to start up in the first quarter this year. It is not known whether any hydrocarbons were produced before the above incident. The FPSO has processing capacity of about 60,000 barrels per day of liquids and 3 million cubic metres per day of gas.

ONGC is investing more than $5 billion on developing the Cluster 2 region of the flagship deep-water Block KG-DWN 98/2 asset, which is expected to produce up to 16.6 MMcmd of gas and 78,000 bpd of oil.

https://www.upstreamonline.com/field-development/fpso-woes-halt-operations-at-ongcs-flagship-deep-water-project/2-1-1432508

Posted by nikicheong > 2023-04-12 10:54 | Report Abuse

How strange - stuck fishing nets! The salvage operations took nearly a month. I wonder how much this'd contribute to a further delay in the production of first oil.

Posted by alenac > 2023-04-12 10:55 | Report Abuse

After 73 sen if the big boss will go all out for this counter. Driving up to RM1 is easy if the next quarter's result is good

Posted by Zhuge_Liang > 2023-04-12 11:34 |

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Posted by Bon888 > 2023-04-12 11:40 | Report Abuse

KG-DWN 98/2 contract is RM 8.8 billion over period of 9 years. This could generated almost additional 1 billion revenue per year. If calculate with 30% profit margin we are looking at additional 300 million profit per year. Don't play play hahahaha!

Posted by RISK8888 > 2023-04-12 12:07 | Report Abuse

300mil too greedy, of got 150mil net profit. Enough to fly to the moon.

Posted by Bon888 > 2023-04-12 12:12 | Report Abuse

Based on current net profit VS revenue is about 30% net profit margin. Not too greedy.