Posted by Jerichomy > 2023-08-22 21:29 |

Post removed.Why?

Posted by rohank71 > 2023-08-22 22:04 | Report Abuse

Big selling happened today. May be some earnings damage due to penalty and repair works

Posted by rohank71 > 2023-08-22 22:04 | Report Abuse

Beside the loss of revenue

Posted by RISK8888 > 2023-08-22 23:11 | Report Abuse

Luckily got gain from disposal to cover. So won’t be that bad. So just queue lower to buy 0.47. Earn some kopi duit.

Posted by MrsLim > 2023-08-22 23:23 | Report Abuse

Being at the bow of a sinking ship is not lucky

Posted by KimSua > 2023-08-23 07:27 | Report Abuse

How much will be the impairment charge this quarter and next? In 2018 Q2/Q4 it was 1,6 billion due to delay in commissioning Kraken and quality of crude being pump up. Expect lower revenue of <500M . High chance of seeing red depending on the impairment charges (>250Mil?)

Posted by rohank71 > 2023-08-23 08:55 | Report Abuse

Below 49 should be OK to buy.

Posted by TimCoke > 2023-08-23 09:16 | Report Abuse

Good timing to go, when most of the people worrying. price down volume down, good chance

Posted by CyrusQ > 2023-08-23 10:53 | Report Abuse

Whats the status here ?

Posted by DukeEmber > 2023-08-23 11:37 | Report Abuse

Run

Posted by Felix888 > 2023-08-23 12:12 |

Post removed.Why?

Posted by rohank71 > 2023-08-23 13:52 | Report Abuse

Ya agree will not have impairment. But just loss of revenue, penalty and repair cost. Other than that all is OK.

Posted by rohank71 > 2023-08-23 13:54 | Report Abuse

Anyone know the penalty and repair cost. Loss of rev is USD500K/day.

Posted by KimSua > 2023-08-23 15:13 | Report Abuse

Penalty by Enquest will be consider impairment charge not asset lost . Everyone is guestimating right now.

Posted by UncleFollower > 2023-08-23 15:38 | Report Abuse

Really dont have to speculate too much on results...this is FPSO, it's more or less there, more or less predictable, everyone here knows a thing or two about it and one-off matters immaterial.

Posted by UncleFollower > 2023-08-23 15:39 | Report Abuse

Armada move has always been weird...remember that time where everyone here knows thanks to Nicky that it Kraken restored to 90% and that morning it dived to 43c and after lunch announcement made +8%.

Since most retailers like us won't cut loss but love to average down, most of us have then made money from that point. The question is who lost money then........

Posted by UncleFollower > 2023-08-23 15:40 | Report Abuse

Recall that it wasn't easy to push that stock down to 43c, operators in play. So the large free float = too many sharks and they killing each other. So our job is to pick the right team not speculate on results lol

Posted by Ninja _07 > 2023-08-23 16:38 | Report Abuse

Its an open secret that BA is controlled by syndicated sharks. Otherwise, BA's price is USD1.

Posted by rohank71 > 2023-08-23 17:38 | Report Abuse

Syndicate Park to sell so many lots and withdraw . Yesterday and today same operation. Someone is collecting big.

Posted by rohank71 > 2023-08-23 17:39 | Report Abuse

Today's volume was alot and price stable.

Posted by Felix888 > 2023-08-23 18:42 | Report Abuse

Hello instead of Enquest paying USD500k per day, Enquest will be paying based on actual production output %.

Example when reached 60% output, Enquest paying 60%*USD500k.

It is lost of revenue. Which shop lot auditor say a impairment lost recognization is required?

Posted by TimCoke > 2023-08-23 19:11 | Report Abuse

in short, it has no problem ya overall. the qr will definitely out of expectation. so please go for it

Posted by rohank71 > 2023-08-23 20:46 | Report Abuse

#felix888, u r correct. Its loss of revenue and not impairment. Other cost to be included is repair cost and the penalty (if any). Since its only for less than 30 days in Q2 its not a big impact. Q3 another 30 days or lesser as production was up to 60% already.

Posted by Felix888 > 2023-08-23 23:57 | Report Abuse

That 60 cents shop lot auditor mana?

Posted by Michael Kwok > 2023-08-24 00:16 | Report Abuse

Go buy prg 22-23 cents 5 figures.tp 30 cents range or more.before cny.
24/8/23 12.16am

Posted by KimSua > 2023-08-24 10:57 | Report Abuse

Wouldn't accounting principle required to input impairment charges due to assets/vessel underutilization? As explain should be minimum as only impacting less then 1 months in Q2, does not matter for long term holders. Short term traders looking for knee jerk reaction opportunity. Good luck !

Posted by PresidentLOL > 2023-08-24 11:20 | Report Abuse

HAHAHAHAHAHAHAHA so many noobs still here discuss accounting principles. Tu la tidak kaya kaya, trade this kind of counter. going to go as low as 0.415 run noobs instead of discuss things that you dont understand at all LLLOOOOOOOLLLLLL

Posted by KimSua > 2023-08-24 11:25 | Report Abuse

kita semua sama saja :) tunggu how low will it go !

Posted by RISK8888 > 2023-08-24 11:53 | Report Abuse

yes, already below 0.50, get ready to buy in

Posted by RISK8888 > 2023-08-24 11:54 | Report Abuse

queue 0.47-0.48, after QR will go above 0.5 again

Posted by Fklim888 > 2023-08-24 14:37 | Report Abuse

opsss...reversed gear so strong...

Posted by TimCoke > 2023-08-24 15:36 | Report Abuse

big ka was buying a lot

Posted by Felix888 > 2023-08-24 15:46 | Report Abuse

60 cents shop lot auditor is here.

Posted by TimCoke > 2023-08-24 16:37 | Report Abuse

yes it is 60sen already

Posted by Ninja _07 > 2023-08-24 17:05 | Report Abuse

Strong buying at 0.50 .... Let's see tomorrow morning

Posted by CyrusQ > 2023-08-25 09:17 | Report Abuse

Well probably anytime by now will pump 1.50 , who knows @ Grab some 5142 while last stock

Posted by RISK8888 > 2023-08-25 10:51 | Report Abuse

0.495 im in. lets go Armada

Posted by RISK8888 > 2023-08-25 10:59 | Report Abuse

possible today QR release?

Posted by Robert Waters > 2023-08-25 11:12 | Report Abuse

Earnings to be released today in aftermarket according to my broker ...
Brace yourselves.

Posted by Ninja _07 > 2023-08-25 11:33 | Report Abuse

Thanks @Robert Waters

Posted by RISK8888 > 2023-08-25 11:57 | Report Abuse

many times is midday, put your bet, buy before it rises. the QR will clear all doubt how much impact of kraken to the bottom line. But bear in mind it will be cushion by disposal of vessel claire. so wont look that bad. so is good change to buy below 0.5. lets go!

Posted by TimCoke > 2023-08-25 12:17 | Report Abuse

All the bad news and negative expections have already been addressed and reflected to the price recently, so go for it now, i guess

Posted by Felix888 > 2023-08-25 12:32 | Report Abuse

T+3 after the QR only the dust will be settled

Posted by i3lurker > 2023-08-25 12:35 |

Post removed.Why?

Posted by i3lurker > 2023-08-25 12:40 | Report Abuse

Yields on US Treasury bills, a 100% confirmed as zero risk free rate are now way higher than earnings on S&P 500.

That equates to a potential 50% drop in US equities
paralleling those trillions USD from FF entered US in June July August 2023 that propped up US equities as local Americans sold out.

Hedge Funds are dumping marginal emerging markets to go high yield zero risk returns.

Some believe however that FF will continue to flow into US to prop up high risk low returns US equities.

Posted by rohank71 > 2023-08-25 13:04 | Report Abuse

QR out. Down only a little. Would say fantastic results. Debts down big. 6 mth cashflow 525M. Very strong.

Posted by Leejunhan366 > 2023-08-25 13:10 | Report Abuse

The worst is over

Posted by VincentTang > 2023-08-25 13:15 | Report Abuse

RUN...

Posted by Apple2353 > 2023-08-25 13:17 | Report Abuse

why RUN?

Posted by nich0las > 2023-08-25 13:25 | Report Abuse

Ya, why run? You got insider news kah? Or kaki kong kaki song?