Posted by KML889 > 2023-09-07 19:46 | Report Abuse

Hope the extension of Armada TGT1 will get a better lease rate unlike the current tenure of only RM600k a day

Posted by KML889 > 2023-09-07 19:52 | Report Abuse

Thanks a lot, nikicheong for the latest news update

Posted by Jerichomy > 2023-09-07 21:14 |

Post removed.Why?

Posted by Felix888 > 2023-09-07 21:21 | Report Abuse

Jerichomy OTB is in Ytlpower forum terang terang promoting Ytlpower. Why you don't post there? Try and see how many people tiao you?

Posted by nikicheong > 2023-09-07 22:12 | Report Abuse

@KML most likely same rate, as this is only an extension. The loan has been fully repaid, the vessel has been significantly depreciated. So the margins are a lot higher. It's very normal for extension contracts to fetch lower dayrates as a result.

Posted by rohank71 > 2023-09-07 22:46 | Report Abuse

Tq Niki for the inputs.

Posted by KML889 > 2023-09-07 22:47 | Report Abuse

Oic. Thanks again nikicheong for your another explanation.

Posted by Ninja _07 > 2023-09-08 12:17 | Report Abuse

0.52 got sudden huge buying volume

Posted by kaipeng911 > 2023-09-08 12:40 | Report Abuse

To be real,share price tell you everything!

0 seconds ago

Posted by RayLee > 2023-09-08 14:21 | Report Abuse

Bumi Armada’s carbon storage and injection unit wins class approval

https://www.upstreamonline.com/carbon-capture/bumi-armada-s-carbon-storage-and-injection-unit-wins-class-approval/2-1-1514222

Posted by TimCoke > 2023-09-08 17:00 | Report Abuse

no doubt 0.69 achievable very soon, trader may leave, investor stays

Posted by i3lurker > 2023-09-08 17:06 | Report Abuse

always delisted at super low price

who wants to take private a company at high high price?

Posted by KML889 > 2023-09-08 19:54 | Report Abuse

Is AK going to do it again? Take her private? A dollar worth stock selling for half price that comes with FCF of more than 1 billion a year. Who wouldn't. If only I have 3 billions with me now. Ha ha

Posted by Felix888 > 2023-09-08 20:05 | Report Abuse

KLM you don't listen to that old uncle I3licker. His job is posting negative comments in all I3 forum except his beloved Maybank. You go post in Maybank any plan to take MBB private?

Posted by i3lurker > 2023-09-08 20:23 | Report Abuse

If you expect the leopard to change his spots
not only are you insane, you are Certified Insane

Posted by RISK8888 > 2023-09-08 20:48 | Report Abuse

Collect, continue to collect

Posted by KML889 > 2023-09-08 21:09 | Report Abuse

Hey Felix888, taking MBB private, that's a good one. Later uncle says, Hey, "Why Not"

Posted by Felix888 > 2023-09-08 21:17 | Report Abuse

No dividend uncle cry papa cry mama.

Posted by rohank71 > 2023-09-08 21:24 | Report Abuse

Cheap cheap let's collect. Every Q cashflow of min 5 sen.. that means every Q price can be up 5 sen. 1Y is 20 sen...2Y is 40 sen.. laugh all the way. In between U have shocks but only lost 3 sen for the shock. Enjoy the ride.

Posted by rohank71 > 2023-09-08 21:25 | Report Abuse

Let's see BA at 90 sen in Sept 2025.

Posted by armadatuah2017 > 2023-09-09 08:35 | Report Abuse

@KML889 that's why you are a poor scum. who will take a company with billions of debt private? you and felix888 not only insane, you're beyond......Retxxx.

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

Kao2 u two spam the forum with your ignorance...we will make you cry in this counter.

Posted by Felix888 > 2023-09-09 08:47 | Report Abuse

How is your Serbadk Armadatuah? Got any chance to jailbreak from suspension? Hahahaa🤣🤣🤣

Posted by Felix888 > 2023-09-09 09:32 | Report Abuse

Why you didn't buy back Armada when it was 0.425? You sold above 0.50, good time to accumulate it back. Your ID also has Armada, must be a hardcore Armada investor. Tell us more about your Armada investment.

Posted by armadatuah2017 > 2023-09-10 07:19 | Report Abuse

lifer? blow water? what kind of language is that? sharing investment here?? got to be joking. forum for sharing info, not everyday spam on your dumbass life ideas. you're just lying to yourself and try to convince public to your own lies.

Posted by Huangbk72 > 2023-09-10 18:20 | Report Abuse

He is known as Armada Suay in Serba forum... another one of those clueless defender. Such a big hole, able to fall in.

Can imagine his IQ level? LOL

Posted by RayLee > 2023-09-11 14:52 | Report Abuse

What happened? Name got Armada goes against Armada ?😂

Posted by hng33 > 2023-09-11 15:28 | Report Abuse

added more at 51.5sen

Posted by lloydlim > 2023-09-11 17:43 | Report Abuse

Time to accumulate now.

Posted by RISK8888 > 2023-09-11 18:21 | Report Abuse

buying up, bit by bit, sure hit 0.6 by next Q. by time sterling V go first oil.

Posted by Robert Waters > 2023-09-11 19:43 | Report Abuse

According to this MIT article, carbon capture is a scam. However, it is good publicity for Armada while there is naive public to support it.

https://cee.mit.edu/every-dollar-spent-on-this-climate-technology-is-a-waste/#:~:text=The%20technology%20called%20carbon%20capture,and%20pump%20them%20deep%20underground.

Posted by RISK8888 > 2023-09-11 20:54 | Report Abuse

means it is not going to work? so it will not materialise?

Posted by Robert Waters > 2023-09-11 22:41 | Report Abuse

It can materialize and can work as long as it is subsidized. Government credits have to be used.
There is no profit by extracting CO2 from turbine exhaust and putting it underground. So whether they put it underground or quietly release it to the atmosphere makes little difference.
Let the environmentalists and engineers work it out.

Posted by RISK8888 > 2023-09-11 23:28 | Report Abuse

Meaning it is not profitable business? Armada should not venture into this carbon capture business?

Posted by hng33 > 2023-09-12 00:03 | Report Abuse

Carbon credit

https://www.weforum.org/agenda/2020/11/carbon-credits-what-how-fight-climate-change/

Posted by Felix888 > 2023-09-12 12:43 | Report Abuse

Good news !!!!


OTHERS | https://www.klsescreener.com/v2/announcements/view/5670863

Posted by nikicheong > 2023-09-12 12:45 | Report Abuse

Bumi Armada Berhad ("BAB") refers to the disclosure in its quarterly announcement for the quarter ended 30 June 2023 regarding its 30% associated company, Armada 98/2 Pte Ltd ("A98/2"), and wishes to announce that A98/2 has successfully achieved financial close under its long term project financing facility of USD948 million ("Project Facility").

The disbursement proceeds from the Project Facility have been utilised by A98/2 to fully repay its USD930 million bridge loan facility.

As at the date of this announcement, the ASV FPSO is awaiting hydrocarbons from ONGC to conduct the necessary acceptance tests to achieve final acceptance.

The announcement is dated 12 September 2023.

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

Mildly positive news, means the project financiers are satisfied that first oil should be here soon and that other than the delay in first oil, everything else is in place and ready to go.

Posted by Felix888 > 2023-09-12 13:18 | Report Abuse

This is the most important, already got money to pay the loan!!

The disbursement proceeds from the Project Facility have been utilised by A98/2 to fully repay its USD930 million bridge loan facility

Posted by nikicheong > 2023-09-12 13:48 | Report Abuse

This might also mean that Armada Sterling V has been able to secure standby rates from ONGC, otherwise without income how to start servicing the loan.

Posted by RISK8888 > 2023-09-12 14:15 | Report Abuse

first oil already achieve? wow early than expected!

Posted by Felix888 > 2023-09-12 14:17 | Report Abuse

Nick reimbursement money fully paid the USD 930million loan.

Posted by nikicheong > 2023-09-12 14:32 | Report Abuse

@Felix888, the USD930mil loan is a "bridge loan" for the construction period. It's a lumpsum amount to be repaid.

The new USD948mil loan that has been drawn down to repay the bridge loan of USD930mil is a "project financing loan". It is to be repaid on a monthly basis over the firm charter period. Think of it like your car loan, once disbursement done, from next month onwards you have to repay a monthly installment.

Posted by firehawk > 2023-09-12 14:36 | Report Abuse

Is Pearl_white still around? a few yrs ago, this is one of the favorites of the O&G expert.

Posted by kaipeng911 > 2023-09-12 15:06 | Report Abuse

Investors have become numb to armada's share price, and even when good news is announced, it has absolutely no effect on the share price, which is still going down.

Posted by vespa > 2023-09-12 16:03 | Report Abuse

@kaipeng too many false dawns perhaps

Posted by Felix888 > 2023-09-12 17:04 | Report Abuse

Ah Niki you are right use the new loan facility to payoff the old loan. Like a rollover. 🤣🤣

Posted by rohank71 > 2023-09-12 18:52 | Report Abuse

This is a 9Y contract for USD2.1B. So 30% is BAs or USD630M over 9Y on a loan of USD300M.

Posted by rohank71 > 2023-09-12 18:55 | Report Abuse

Abt RM80M in rev per Q for BA. Interest cost 30M, depreciation say 40M, profit 10M per Q. But loan will drop 50M/Q... Bravo BA. Strong 💪

Posted by Jerichomy > 2023-09-12 19:58 | Report Abuse

Go go hantam these cheater

armadatuah2017
@KML889 that's why you are a poor scum. who will take a company with billions of debt private? you and felix888 not only insane, you're beyond......Retxxx.
3 days ago

armadatuah2017
Kao2 u two spam the forum with your ignorance...we will make you cry in this counter.
3 days ago

Felix888
How is your Serbadk Armadatuah? Got any chance to jailbreak from suspension? Hahahaa🤣🤣🤣
3 days ago

Felix888
Why you didn't buy back Armada when it was 0.425? You sold above 0.50, good time to accumulate it back. Your ID also has Armada, must be a hardcore Armada investor. Tell us more about your Armada investment.
3 days ago

Posted by bullrun168 > 2023-09-13 07:46 | Report Abuse

Oil price super bull
$92.06 +1.42 +1.57%