Looks like Armada did not go over 73 sen today, still got another hour to go. Tomorrow is already Friday, if tomorrow the weakest day of the week got a price run-up, and possible bullish momentum just starts if not have to try next week.
alenac Looks like Armada did not go over 73 sen today, still got another hour to go. Tomorrow is already Friday, if tomorrow the weakest day of the week got a price run-up, and possible bullish momentum just starts if not have to try next week. 29 minutes ago
Majority of Armada call warrants are `In the money` the exercise price is way below the market price now.
When the uptrend coming, 1 or 2 bank can't stop uptrend. Also to be fair for thus betting for the call warrant. If banker 100% win, who want to play call warrant. Let the bank win liao lah.
1. Armada Sterling V first oil / commencement of charter 2. Sale of Armada Claire 3. Cameia FPSO contract award
All 3 "good news" are well overdue. They should be announced within the next 3 months (feels like I've been saying this for ages now). And with that, the fundamentals will improve, bit by bit. Any other positive major announcement other than these in the coming 3 months should be considered a bonus.
Armada is not as good as Hibiscus in making detailed information available to the investors but mainly in big paint brush styles. The later explains its operational and strategic information with far more details than Armada. This hinders the price supports for Armada.
This is true MM78. The CEO quarterly result comment is copy and paste from previous quarters.
"We continue to chart a record year in 2022 as testament to our unwavering focus on operational excellence and cost efficiencies. Moving forward, the company will strengthen its position with prospects of new projects and our stronger commitment in ESG, while remaining focused on safety, sustainability, operational excellence and financial discipline.”
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....
Ravi Kumar
3,630 posts
Posted by Ravi Kumar > 2023-04-12 20:24 | Report Abuse
Once break 73 sen, blue sky to 80 sen and beyond. Hopefully CPI numbers report downtrend