Posted by TimCoke > 2023-08-09 15:58 | Report Abuse

Those who does not understand what's going on, may quit now, let the opportunity to the others ^^

Posted by nikicheong > 2023-08-09 17:35 | Report Abuse

Reference is made to the announcements made by Bumi Armada Berhad ("Bumi Armada") on 2 June 2023, 21 June 2023 and 20 July 2023 respectively in relation to the unplanned shutdown of the Armada Kraken FPSO ("Kraken FPSO") owned by Bumi Armada’s wholly owned subsidiary, Armada Kraken Pte Ltd.

Bumi Armada wishes to announce that an additional HSP transformer has been reconditioned from the failed HSP transformer units. Following successful installation of this second reconditioned HSP transformer on the Armada Kraken FPSO, the vessel's operational performance has now been restored to pre-shutdown levels.

With the current three (3) working HSP transformers, redundancy is expected to be restored when a fourth new HSP transformer, which is estimated to arrive in September, is successfully installed on the Armada Kraken FPSO.

This announcement is dated 9 August 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3375389

Posted by nikicheong > 2023-08-09 17:41 | Report Abuse

I'm glad that we can now firmly put the Kraken troubles behind us, but it's worrying that there are so many "bad news":

1) No Cameia FPSO award (which was a dead-certain lock not too long ago)
2) Further delay to Armada Sterling V first oil date, and uncertain if there will be any compensation due to the Shapoorji-Bumi Armada JV
3) No Mumbai FSRU award
4) No firm award / details on the Floating Carbon Storage Injection Unit (FCSIU)

Only minor positive has been 1 year extension awarded to Armada Sterling II a few weeks ago.

Posted by TimCoke > 2023-08-09 17:46 | Report Abuse

Meaning to say, it is the time to buy more? en...

Posted by KML889 > 2023-08-09 18:02 | Report Abuse

Thank you BA for the excellent job well done. Sleep well

Posted by armadatuah2017 > 2023-08-09 18:02 | Report Abuse

lackeys were punished and jokers were identified.

Posted by armadatuah2017 > 2023-08-09 18:03 | Report Abuse

KML889 stfu joker.....crying daddy and mummy....noob

Posted by KML889 > 2023-08-09 18:07 | Report Abuse

Ya lo tuah2017. Greenhorn like us is like that lo. But just when you thought you know all...haha

Posted by i3lurker > 2023-08-09 18:15 | Report Abuse

its 60 sen already?

Posted by mikeann > 2023-08-09 18:21 | Report Abuse

Stock have been consolidating at 0.50-0.52 for some time.

With the Kraken issue finally resolved and operational performance is now at pre shut down level, the stock will be trending up.

Rebound is imminent.

Immediate resistance is at 0.55 and if broken, next resistance is at 0.58.

Posted by Michael Kwok > 2023-08-09 18:22 | Report Abuse

Price 50.5 cents
Support 47 cents
If no breach by next week 14 august 4pm,got hope
9/8/23 6.22pm

Posted by armadatuah2017 > 2023-08-09 18:36 | Report Abuse

KML889 buy few lots, kaope kaobu....dope, go do something else la.

Posted by CT888 > 2023-08-09 18:52 | Report Abuse

Though Armada kraken problem as expected is solved, now have to face the state election results before Armada can take off. I top-up bit at 0.505 today.
Wait for good election outcome this weekend. God bless!

Posted by Felix888 > 2023-08-09 19:59 | Report Abuse

Uncle licker why you come here everyday asking 60sen already? Armada will hit 60sen in no time.

By then Sslee could give you a bottle of bintang beer, if you licked him well.

Posted by i3lurker > 13 minutes ago | Report Abuse

its 60 sen already?

Posted by armadatuah2017 > 2023-08-09 20:05 | Report Abuse

because he cut lost.....now hes pissed....

Posted by Felix888 > 2023-08-09 20:27 | Report Abuse

Uncle licker why you come here everyday asking 60sen already? Armada will hit 60sen in no time.

By then Sslee could give you a bottle of bintang beer, if you licked him well.

Posted by i3lurker > 13 minutes ago | Report Abuse

its 60 sen already?

Posted by limitupandsurewin88 > 2023-08-09 21:46 | Report Abuse

Oil Price Rises on Fears of Black Sea Disruptions

https://www.wsj.com/articles/oil-prices-edge-down-retreating-from-overnight-gains-17318b52
9-8-2023
0804 GMT – Oil price edge higher adding to the prior day’s gains on fears of supply disruptions. Brent crude oil adds 0.2% to $86.38 a barrel while WTI gains 0.3% to $83.16 a barrel. Both varieties gained around 1% on Tuesday. Fears that Ukraine could continue to target ships heading to Russian Black Sea ports have added to oil prices while production cuts from Saudi Arabia have also kept the market supported. Monday’s rally was driven by “Saudi’s reaffirmation of commitment to output cut and headlines saying Ukraine might strike Russian facilities if the latter blocked Ukrainian ports,” Danish investment bank Saxo says in a note. (william.horner@wsj.com)

Posted by limitupandsurewin88 > 2023-08-09 21:47 | Report Abuse

Oil price rocketing up !
Going to break USD90 soon !

Posted by limitupandsurewin88 > 2023-08-10 07:41 |

Post removed.Why?

Posted by limitupandsurewin88 > 2023-08-10 08:12 | Report Abuse

Superb good news for Armada !
Armada FSPO repair done, now 全面复运
(in full operation)

https://www.sinchew.com.my/20230809/%e9%98%bf%e7%8e%9b%e8%be%befpso%e5%85%a8%e9%9d%a2%e5%a4%8d%e8%bf%90/

Posted by linheng > 2023-08-10 08:13 | Report Abuse

3rd transfer fixed. Operation back to 100%. In September will have 1 new spare transformer

Posted by armadatuah2017 > 2023-08-10 08:26 | Report Abuse

our boss purposely announced after market closed yesterday to make fun of these jokers...

Posted by limitupandsurewin88 > 2023-08-10 08:41 |

Post removed.Why?

Posted by limitupandsurewin88 > 2023-08-10 09:03 |

Post removed.Why?

Posted by Felix888 > 2023-08-10 09:11 | Report Abuse

0.60 kambing!! I3licker going get his free bintang beer from SSLEE because he provided good service

Posted by Fklim888 > 2023-08-10 09:18 | Report Abuse

0.55 ....R88

Posted by Russel > 2023-08-10 09:25 | Report Abuse

Kraken Awakening!

Posted by TimCoke > 2023-08-10 09:35 | Report Abuse

good job

Posted by rr88 > 2023-08-10 10:03 | Report Abuse

From ori to recon, value drop lah.
Anyway damage done. Cannot recover.

When price does not move up on good news, it wont stay there, it will drop in coming days. Its trading 101, basics.

I told u it wud retest 0.425.

Sell/cut loss.

Posted by TimCoke > 2023-08-10 10:11 | Report Abuse

425? no way i think, gold inside being digged

Posted by armadatuah2017 > 2023-08-10 10:24 | Report Abuse

rr88 doesnt matter it will be 0,425 or 0,60, you're broke and crooked.. you're gone for good.

Posted by TimCoke > 2023-08-10 10:29 | Report Abuse

trading 101 basics?

Posted by armadatuah2017 > 2023-08-10 10:33 | Report Abuse

his trading 101, losing everything...Hahaha

Posted by TimCoke > 2023-08-10 10:35 | Report Abuse

...... buy at bad news, sell on good news better then

Posted by armadatuah2017 > 2023-08-10 10:41 | Report Abuse

you're trying to use simple and dumb philosophy to make money in market like rr88??? you will join his club very soon. if you dont know, dont invest

Posted by spyking > 2023-08-10 10:44 | Report Abuse

believe rr88 target 0.425. bilis please sell

Posted by Fklim888 > 2023-08-10 11:10 | Report Abuse

R88 as a good indicator...lol

Posted by spyking > 2023-08-10 11:13 | Report Abuse

today will close 0.495

Posted by TimCoke > 2023-08-10 11:42 | Report Abuse

We are buying at around 0.51

Posted by jasongks > 2023-08-10 11:47 | Report Abuse

0.425, 0.500 , 0.525, 0.550,0.600 say any shit price you want, now kraken production is at pre disruption level, as I say, even if it moves, it will not go any further than 0.550. I doubt it would even come near. Investors are looking at the damage to the coming qtr results. So either you buckle up and wait for another 2 weeks or shooos ! and sell the f..k off .

Posted by jasongks > 2023-08-10 12:00 | Report Abuse

NIKI and walter , can you kindly do us a favor on an intelligent calculation of the impact of kraken disruption to the next quarter results 30.06.2023, based on the latest info available and taking into account , whatever insurance, they might have covered on their assets and loss of revenue ( bearing in mind any impact will straddle across coming and next quarter ) ?

Posted by Felix888 > 2023-08-10 12:02 | Report Abuse

Blindly use TA without considering business development , fundamental aspect. Not a good way. If this is workable, everyone just trade using AI.

Posted by spyking > 2023-08-10 14:39 | Report Abuse

will touch 50 cents soon

Posted by TimCoke > 2023-08-10 15:04 | Report Abuse

still strong buying power

Posted by StingRay > 2023-08-10 15:09 | Report Abuse

Armada is lucky when they hit problem, the oil price was low. This, without doing anything, those oil that are suppose to be sold now can sell high. 🤣

Posted by KimSua > 2023-08-10 15:12 | Report Abuse

Seems selling pressure is still high, expect more sell down after Qtrlyi is out .It would not be good but how would the market absorb this short term outlook?

Posted by TimCoke > 2023-08-10 15:13 | Report Abuse

You r right

Posted by mikeann > 2023-08-10 20:25 | Report Abuse

HLIB Research : Earnings upside potential for Bumi Armada with restored FPSO

https://www.nst.com.my/business/2023/08/940943/hlib-research-earnings-upside-potential-bumi-armada-restored-fpso

Posted by Felix888 > 2023-08-10 20:34 | Report Abuse

Uncle licker why you come here everyday asking 60sen already? Armada will hit 60sen in no time.

By then Sslee could give you a bottle of bintang beer, if you licked him well.

Posted by i3lurker > 13 minutes ago | Report Abuse

its 60 sen already?

Posted by TimCoke > 2023-08-10 23:16 | Report Abuse

restored fpso + higher oil price offset = better qreport than expectation