Posted by Mikecyc > 2023-06-09 00:45 |

Post removed.Why?

Posted by Mikecyc > 2023-06-09 00:47 |

Post removed.Why?

Posted by Bon888 > 2023-06-09 00:52 | Report Abuse

Your are a rat. The dirtiest and most disgusting rat. Your characteristics also the rat`s.

No balls take my challenge please fxck off.

Posted by Bon888 > 2023-06-09 00:55 | Report Abuse

I stopped write nonsenses posts in Armada.

Apologies to many here posting valuable information and sincere sharings.

Posted by Robert Waters > 2023-06-09 01:17 | Report Abuse

Can someone please enlighten me ? Why is that group coming over to post negative messages after negative news ? I saw them come a few times in the past, pre covid run up was the period of their activity. Then I saw them on other forums when there was a distress situation. I have no time to read them. How they find time to post that garbage ? They usually pick up some story from google search and run with it to fill the volume, still take time.

Initially I thought they were shorts. But that is not easy to make money.

1. Are they maybe causing problems to companies so that someone will pay them to leave ?

2. Or they accumulate slowly knowing price will go up when things /they go quiet ... ?

I tend to think it is the 1. above.

Posted by Mikecyc > 2023-06-09 06:21 |

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Posted by Mikecyc > 2023-06-09 06:24 |

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Posted by Mikecyc > 2023-06-09 06:25 |

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Posted by Mikecyc > 2023-06-09 06:29 |

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Posted by Mikecyc > 2023-06-09 06:30 |

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Posted by Sslee > 2023-06-09 07:10 | Report Abuse

I3lurker is trying to be sarcastic.
The rat is trying to get attention by hanging his broken record fitnah banner repeatly every where he go.
Bob trying to be smart
And I trying to be activist investor.

Posted by Mikecyc > 2023-06-09 07:57 |

Post removed.Why?

Posted by value_seeker > 2023-06-09 08:00 | Report Abuse

Nonsense by crazy person who non stop talking rubbish. Get a life and stop disturbing investors. You got zero idea on which stock to promote. I think never.

Posted by Mikecyc > 2023-06-09 08:10 |

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Posted by Mikecyc > 2023-06-09 08:11 |

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Posted by value_seeker > 2023-06-09 08:11 | Report Abuse

Those who eat chilli feel the heat. Right Mike?

Posted by value_seeker > 2023-06-09 08:13 | Report Abuse

I could have referred to Sslee/ i3lurker/ Rober Walters or others. Why responsed?

Posted by Mikecyc > 2023-06-09 08:30 |

Post removed.Why?

Posted by value_seeker > 2023-06-09 08:38 | Report Abuse

You need to eat some pyscho medicine- you ok?

Posted by Mikecyc > 2023-06-09 08:44 |

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Posted by Kakume > 2023-06-09 08:53 | Report Abuse

Talk to you friend who is working on Kraken FPSO, that is the best source of information. Until then let's dance with the up and down.

Posted by MM78 > 2023-06-09 09:13 | Report Abuse

John Chew used to talk nonsense a few years ago when Armada price was down he kept talking down Armada. He was told off many times one day Tsunami of Armada would sweep him up hanging on coconut trees. So when Armada reached 70 plus sens , we notice John Chew disappeared but emerged as Mouse on this chat again. This speaks volume of the nonsense talking John and then now Mickey Mouse. Remember when the rat is running across the streets making noise, the public would hit it hard. Just wait Armada recovers when the market Tsunami swings up again, Mickey Mouse suddenly found he is naked hanging up the tree to dry again. Meanwhile, we still buy ticket to go on board Armada for grand cruise.

Posted by MM78 > 2023-06-09 09:36 | Report Abuse

For any investor if a stock is deemed not worth investing , the person would stop investing and go somewhere else where there is money to be made instead of so busy keep posting his / her expert opinions so often how bad is the stock in questions. Although a different opinion is acceptable from time to time based on rationale explanations but not a repetitive nonsensical statements. One is either with bad motives behind these repetitive attempts to talk down a stock by spreading unfounded fears or some phycological needs for attentions, more so if the person appear in various forums doing the same. Yes, I choose to ignore such characters most of the time except annoyed the forum can be overwhelmed with rat shits all over the place.

Posted by nikicheong > 2023-06-09 09:40 | Report Abuse

I sent Enquest an email last evening, as a prospective investor to better understand the nature of the Kraken shut-in.

This is the response I received, reproduced in full:

----------------

As you’ll note from Bumi Armada’s announcement, production at the Kraken FPSO has been shut-in since 20 May due to transformer failure, with a subsequent attempt to restart being unsuccessful. We plan to restart the plant later this week, initially on a phased basis starting with single train operations and 50% production, then working up to full production over the coming weeks.

For each day that we are fully shut-in at Kraken, our annualised production for 2023 reduces by c.40 Boepd which, given our remediation plan, is not expected to be material or impact our full year guidance. You should also note that we are executing maintenance work originally planned during two ten-day periods of single train operations in Q3 2023, and would expect there to be no further planned outage in 2023 once we have restarted.

Acknowledging that Kraken has enjoyed exceptional production uptime in recent years, it is relatively normal for North Sea assets to experience periods of unplanned outage. Accordingly, outwith our normal communication/reporting cycle, we would only tend to go to the market to advise on material events. This issue is undoubtedly material for Bumi Armada, given they have been on a zero day rate since 48 hours following the outage, but it is not expected to be material for EnQuest. Of course, should that change, we would certainly announce to the market.

In terms of compensation, Bumi are currently not being paid any day rate by EnQuest, so the saving to us is in the region of $450k per day.

Hopefully this helps clarify.

Posted by nikicheong > 2023-06-09 09:40 | Report Abuse

You guys can email Enquest yourself, ask some questions, and they will get back to you.

Posted by vespa > 2023-06-09 09:40 | Report Abuse

capital idea

Posted by nikicheong > 2023-06-09 09:42 | Report Abuse

I have added more to my position this morning, my average price is now RM0.2843 for a total of 500k++ shares.

Posted by nikicheong > 2023-06-09 09:43 | Report Abuse

My questions to Enquest:

How bad is the impact to annual guidance?
How long is the period of shut in expected?
How long before returning to full production?
Who will bear the cost of repairs?
Will we receive compensation from Bumi Armada?

Posted by sense maker > 2023-06-09 09:47 | Report Abuse

If lucky, BAB would announce next Monday morning that production has resumed on a phased basis.

Posted by nikicheong > 2023-06-09 09:50 | Report Abuse

Disregarding the Kraken troubles, the core annual net profit for FY2022 was expected to be around RM800m - RM850m. Additional RM100m - RM120m p.a. contribution from when Armada Sterling V starts production (within July to September 2023).

Next year's net profit could easily be above RM900m (assuming Kraken returns to normal production by end of this year). At this price, it's getting it at 3x forward P/E!

Posted by Felix888 > 2023-06-09 09:54 | Report Abuse

There was a similar reply in EnQuest chat forum I believe also a reply from EnQuest IR. The mail content is almost the same as Nick`s.

Posted by sense maker > 2023-06-09 09:58 | Report Abuse

Anyone who has studied BAB in details can share some insight as to whether it still has idle assets for rent currently, which will potentially generate new chartered rental income stream in future? Those assets already rented out over their useful lives have been reclassified into Finance lease receivable. But in their PPE, there’s still billions sitting there. Anything in there that’s not support assets, but available for letting out?

Posted by nikicheong > 2023-06-09 10:04 | Report Abuse

@Sense Maker, no more idle vessels.

Finance Lease receivables = Olombendo FPSO and Malta FSRU.

Operating Lease receivables = Kraken FPSO and TGT FPSO.

Posted by sense maker > 2023-06-09 10:11 | Report Abuse

Oh thx

Posted by Mikecyc > 2023-06-09 10:14 |

Post removed.Why?

Posted by value_seeker > 2023-06-09 10:42 | Report Abuse

Let ingnore the mentally unsound worm

Posted by Simple Man > 2023-06-09 11:12 | Report Abuse

from experience, the breakdown will be resolve in urgent basis within short term, weeks. then it will back to operation. since this is just a short term issue. share price will go back to normal. dont get fooled by the news.

Posted by xuxu > 2023-06-09 11:18 | Report Abuse

buy

Posted by abcb > 2023-06-09 11:52 | Report Abuse

Back to 0.63 soon

Posted by RISK8888 > 2023-06-09 11:58 | Report Abuse

Not so straight forward. If really small issue, I believe mgt will be the first to stand out to clear the dark cloud. Until now we don’t see any updates from the mgt.

Posted by zonefinder > 2023-06-09 11:59 | Report Abuse

As usual, great update from Niki. Thanks

Posted by KML889 > 2023-06-09 11:59 | Report Abuse

Guys, momentum is gaining traction. See it and take it while it's available. (Cheap)

Posted by David Gunter > 2023-06-09 12:00 | Report Abuse

Recession talk? Wakakak engineered recession more like it

Posted by zonefinder > 2023-06-09 12:00 | Report Abuse

Waiting for 43 cents before going in further.

Posted by sense maker > 2023-06-09 12:01 | Report Abuse

Bad job by ceo. If managed well, BAB can fetch RM1. Buy now for those who believe, while unbelievers de-risk.

Posted by limitup4u > 2023-06-09 12:54 | Report Abuse

very strong support at 0.46. Hope it can close green today

Posted by David Gunter > 2023-06-09 13:21 | Report Abuse

Lots of arm chair experts and how they appear lol

Posted by ValueInvestor888 > 2023-06-09 14:02 | Report Abuse

at least have to wait for few days to clear contra players first who might be disappointed due to no rebound...

Posted by nikicheong > 2023-06-09 14:19 | Report Abuse

No need to hurry. We have been waiting patiently for years, buying the dips. We can wait longer and accumulate more at depressed prices.

Posted by ITreeinvestor > 2023-06-09 14:59 | Report Abuse

niki, please note that there are plan to restart this week. This doesn't mean 100% work as they did try restart before this but fail