Posted by Bon888 > 2023-06-07 20:19 | Report Abuse

I'm here when Armada was trading below 0.20.

Posted by Mikecyc > 2023-06-07 20:19 |

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Posted by Bon888 > 2023-06-07 20:21 | Report Abuse

Write facts are welcome but don't post the same thing repeating everyday.

Posted by Mikecyc > 2023-06-07 20:21 |

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Posted by Mikecyc > 2023-06-07 20:22 |

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Posted by Bon888 > 2023-06-07 20:23 | Report Abuse

You guys caught at high price back then. I was here in late 2019.

Posted by Mikecyc > 2023-06-07 20:24 |

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Posted by Mikecyc > 2023-06-07 20:25 |

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Posted by Mikecyc > 2023-06-07 20:31 |

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Posted by Bon888 > 2023-06-07 20:31 | Report Abuse

Mouse 🐀 why you didn't take the challenge from Income? Scare 🤢or no balls ⚽ ?

I challenge you here, within one month Armada price back to 0.60. You loose write apologize post to me.

Posted by Mikecyc > 2023-06-07 20:33 |

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Posted by Bon888 > 2023-06-07 20:34 | Report Abuse

Take my challenge, don't talk cxck.

Posted by Mikecyc > 2023-06-07 20:35 |

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Posted by Bon888 > 2023-06-07 20:35 | Report Abuse

You said Aramda worth nothing right? Not dare to take challenge?

Posted by Mikecyc > 2023-06-07 20:37 |

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Posted by Mikecyc > 2023-06-07 20:37 |

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Posted by Bon888 > 2023-06-07 20:38 | Report Abuse

MIke is a 👧 that's why no balls. ⚽.

Posted by Fklim888 > 2023-06-07 20:39 | Report Abuse

Too sharp the knife 🔪

Posted by Bon888 > 2023-06-07 20:44 | Report Abuse

Let it down below 0.40. 🌊
50% discount from normal price much better.

Posted by GoldenShares > 2023-06-07 20:46 | Report Abuse

the unplanned Kraken FPSO shutdown will cause a “material financial impact”. However, the impact cannot yet be reliably estimated. Until this incident is resolved, Bumi Armada’s share price is unlikely to perform

Posted by Bon888 > 2023-06-07 20:50 | Report Abuse

This lost could be just RM 100 million. but the share market capital already wipeout RM1 billion.

Posted by myloh123 > 2023-06-07 22:22 | Report Abuse

Not so simple...implication of non performance of contract n damages claimed against armada.

Posted by Mabel > 2023-06-07 22:45 | Report Abuse

Mikecyc Haha I did not seen yg posts during debated with Kon Mabel n blower Pang72 here on 2019 …
07/06/2023 8:21 PM

Haha Sifu Mickey Mouse,

Back in 2019 you were still wearing many skirts under the name of John Chew. In fact you have many version of John Chew...Hihihi

It's amazing what Armada can do. After that tsunami, suddenly John is transformed into Mickey Mouse..hahaha..

Anyway, it's good that we are now on the same page in Air Asia..AA despite a PN17, is so power..

Don't fight the wave, just follow the Hot Money.

Soon Hot Money will cum back into Armada just like they did in AAX..

Meow

Posted by Robert Waters > 2023-06-07 22:46 | Report Abuse

According to the SoP Valuation by CIMB, Kraken contributes 12 sens to the value of BAB at 69 sens end of year. We already lost 18 sens. So market already priced in no production until the end of 2024, or next 18 months.
If Kraken is started and operates fully next month, there will be necessity to reprice this inconsistency.

Posted by Mabel > 2023-06-07 22:52 | Report Abuse

Hong Leong Investment Bank (HLIB) said yesterday that Armada Kraken FPSO has a daily charter rate of about US$480,000 per day (US$175 million per year) and this accounts for approximately 35 per cent of the group’s revenue contribution in the financial year 2022 (FY2022).

Posted by RISK8888 > 2023-06-07 22:57 | Report Abuse

Not good not good, no sign of rebounding.

Posted by Bruce_Wayne > 2023-06-07 23:08 | Report Abuse

PSAi3Alert tried to post some insights here but was unsuccessful.

Posting rights disabled.

C'est la vie.

Your loss.

.

Posted by Bon888 > 2023-06-07 23:11 | Report Abuse

So Mabel Mickymouse lost a lot in Armada during that tsunami? It was due to same Kraken FPSO right?

Posted by Robert Waters > 2023-06-07 23:12 | Report Abuse

We already lost 1 billion myr. So to get to one billion in 500k USD increments, I think you need about 500 days per your data too, according to HLIB

1 000 million / 0.5 mln -day / 4 (myr to USD) = 500 days

So we lost again 1.5 years of revenue per market cap.

Calculation in ringit (2 mln ringit per day)

1,000 mln / 2 mln-day = 500 days

Posted by icecool > 2023-06-07 23:22 | Report Abuse

so tomorrow rebound ?

Posted by Bon888 > 2023-06-07 23:31 | Report Abuse

EnQuest share price closed +1.95% but Armada diarrhea non stop.

UK investors believe what the management said but Malaysia's investors believe IB analyst figures plugging from sky.

Posted by joyvest > 2023-06-08 00:23 | Report Abuse

Nothing is alright with armada. It is expected to take at least 6 months to rectify the "shut in".

More material claims by the principal and lessors are forthcoming.

Posted by KML889 > 2023-06-08 03:17 | Report Abuse

Why they used the phrase "Shut In" and not "Shut Down" ? Does that mean the unit can be quick to Hot Restart instead of the slow process of Cold Start up.

Posted by KML889 > 2023-06-08 03:18 | Report Abuse

BTW, they also mentioned about phased start up

Posted by David Gunter > 2023-06-08 05:55 | Report Abuse

So many experts wakakaka

Posted by KML889 > 2023-06-08 06:48 | Report Abuse

Perhaps David can shed some lights since you are the true ong expert

Posted by KimSua > 2023-06-08 07:24 | Report Abuse

~8.6 mill shares shorted yesterday compare to ~6.3 mill shares the day before. Net short at 0.27% up from 0.15% of 2 days trading. If weak buying support expect more blood bath. Is not about fundamentals anymore.

Posted by Mikecyc > 2023-06-08 07:27 |

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Posted by Mikecyc > 2023-06-08 07:32 |

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Posted by Mikecyc > 2023-06-08 07:35 |

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Posted by Mikecyc > 2023-06-08 07:36 |

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Posted by Bon888 > 2023-06-08 07:57 | Report Abuse

I just check back my first post in Armada was May 2021. Memory problem.

Anyway, Mickey Mouse I still waiting for you to accept my challenge.

Posted by Mikecyc > 2023-06-08 07:59 |

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Posted by Bon888 > 2023-06-08 08:05 | Report Abuse

Not dare to take my challenge, you go back to INSAS continue whatever you like there.

Posted by Mikecyc > 2023-06-08 08:10 |

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Posted by joyvest > 2023-06-08 08:17 | Report Abuse

FBSO is said to be " shut in" meaning available oil or gas which is not being produced from the existing system in the vessel.

Posted by Vincent8864 > 2023-06-08 08:22 | Report Abuse

EnQuest share price not impacted at all.
They don't have to pay for the daily charter rate but oil production has stopped. What is going on?

Posted by sense maker > 2023-06-08 08:26 | Report Abuse

Enquest is field operator, getting paid like consultants. The more problems, and the more complex those problems are, the more they get paid.

Posted by KML889 > 2023-06-08 08:29 | Report Abuse

Oic. Thanks Joyvest. Another way or saying their systems or unit is on Hot Standby ready to crank up as soon as HSP or transformers are ready instead of total system de-oiling hence under preservation.

Posted by Mabel > 2023-06-08 08:45 | Report Abuse

Bon888 So Mabel Mickymouse lost a lot in Armada during that tsunami? It was due to same Kraken FPSO right?
07/06/2023 11:11 PM

Haha those days we do have issue with Kraken. If I remember correctly Armada at one time was suspended from trading due to Kraken. Due to this Leon Harland was replaced with Gary Christensen.

Haha Not sure whether Sifu Mickey Mouse lost or not however he went missing when Armada rocket to 54...

Meow