Just sizeable enough to move in cleaner energy industry. Well done for armada. Do not carry too many babies. Easier to navigate tru the energy transition.
Personally, I think it was not a very wise move to dispose off all the OSVs. There is a huge shortage of OSVs emerging in the the offshore wind industry. BA could have converted these vessels for offshore wind farms use.
Armada could not afford to keep the money bleeding OSVs for the last few years, given its high debt. The impairments due to idled OSVs would have caused impairment each year. The idle OSV were becoming cancerous for the company before they were sold off. Armada could not have pared off the debt as fast if the OSVs were not sold off.
"壮士æ–è…•" is a Chinese idiom that literally translates to "a hero cuts off his arm." The closest English equivalent might be "drastic measures" or "to make a sacrifice for a greater good." It implies a willingness to take extreme actions, such as making a difficult decision or enduring great hardship, in order to achieve a desired outcome or goal.
I see that BAB is issuing shares to management. They do it at 0.75. So the price is reasonable, but they will probably be acuired if stock goes above the price. Fair enough. Let them bring it up 10 sens. -------------------------------------------- Listing Date 10-May-2023 Management Incentive Plan No. of shared issued 92,800 Issue Price MYR 0.754
I think it is something that will be offered to managment who may get warrants and right to buy at this price in the future. In any case, it is a rather small amount. As I remember, president of Armada had warrants for million of shares at very low price in 20's and 30's. So his compensation is very high for size of BAB. Previous president left with nothing as price of counter went down.
I believe the share option has been exercised at RM0.7453, which is rather odd. Whichever staff who exercised it (likely CEO) could've just bought 92,800 shares on the market and saved some money.
Watch the Hong Kong drama series in armada coastal after AYS, JAKS, hengyuan, msc.. All crashing 70 % at the end.. One thing for sure this karma people - Otb, Zhuge_Liang, TanDavid88 don't like people telling honest story.
AYS, JAKS, HRC, msc are crashing 70% Next is armada, coastal..... The cycle repeat n repeat.. Who is shameless liar? Otb, Zhuge_Liang, TanDavid88 Everyone know the fact.
Jerimy, I don't want to write one la. Comment in karma stock is waste of time mah.. You go see TanDavid88, Zhuge_Liang posting in cimb to attack me for nothing out of no way. They want to attack me, I can fight back one mah, correct. I am not shameless liar, apa Saya takut...
Vincent, What you need to do is tell the truth oil n gas is sunset business and armada will back to 30c after every country abondon fossil fuel.. 3 dogs will come out to cursing you whole family die crossing road, bankrupt..and telling you karma will hurt you whole life...
The 3 dogs are karma sifu. The stock recommended is Karma stock.
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....
serpent100
216 posts
Posted by serpent100 > 2023-05-05 14:16 | Report Abuse
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