Failure of transformers since 20 May. Repeated remediation attempts failed. Alternative solutions didn’t work either. Heads must roll over this incident, as precautions and critical spare parts should have been in place to deal with these kinds of incidents.
Stock [ARMADA]: BUMI ARMADA BERHAD Announcement Date 12-Jun-2023 Reference No ALA-09052023-00017 Listing Date 13-Jun-2023 New type/class? No Type Others Details Management Incentive Plan No. of shares issued 4,526,300 Issue Price MYR 0.663 Par Value 0.000 Total NOSH 5,922,666,244
your fanatical averaging is larger than your loss. It takes considerable time to restore the " shut in" probably stuck with the balls all over inside the piping systems
Top up another 10 % versus my total holding of Armada @ 44 sens, this batch was parked waiting for the last 5 days. Will add more if it drops further to below 40 sens.
Armada is expected to be faced with significant compensations and material lawsuits in coming months as a result of the shut in. All the existing ang future projects and contracts are in jeopardy with serious insidious effects. Whole world is dumping fast and furious....
History seems to repeat itself of Armada up and downs over the years; though it is frustrating to see the price dropped so suddenly but I do take some solace from my earlier " dividend aimed" disposals of about 45 % of my Armada total holding in batches with about 57 sens average . I did regret for selling a little too early when Armada eventually hit 72 sens weeks later. Now I am buying back in batches as Armada price dropped lately. It can be a little unnerving as the price keep dropping as its price further dropped after adding but it also means further opportunities to add further for a counter I see values in its business model and at such a cheap valuations. Its cash generation track records for the last 3 years is the cornerstone of my faith in Armada and with PE @ 3.5 , it is a steal. I am waiting for it to go up or down, either way I am excited. You can decide if this suits you. The market is panicking a little too much as it is swinging according to flow of the flocks.
so rubbish this stock, from 0.68 direct drop to 0.42 now, up also no that fast drop that fast, rubbish just a ship stop operate only not all ship stop operate, rubbish
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....
Mikecyc
45,527 posts
Posted by Mikecyc > 2023-06-12 13:32 |
Post removed.Why?