Posted by Fklim888 > 2023-09-19 15:57 | Report Abuse

Armada degil lagi...lol

Posted by MM78 > 2023-09-19 16:03 | Report Abuse

Time for a step up of price , Armada, long overdue .

Posted by sweetpotato > 2023-09-19 16:41 | Report Abuse

yes, waited long for the market to revalue this counter. Somehow it is very sensitive to the fluctuation of international oil prices.

Posted by KimSua > 2023-09-19 17:09 | Report Abuse

can swing again :)

Posted by MM78 > 2023-09-19 17:43 | Report Abuse

Reply @ NikiCheong
"Big guns buying or insiders know something's up."
Heard of some news on this from any source ?

Posted by TimCoke > 2023-09-19 19:00 | Report Abuse

good news comin soon, 0.58 still worth to buy. 0.69 easily

Posted by RISK8888 > 2023-09-20 07:51 | Report Abuse

Come down 0.55 for me to collect again.

Posted by TimCoke > 2023-09-20 09:17 | Report Abuse

wow, can buy low today

Posted by RISK8888 > 2023-09-20 09:42 | Report Abuse

Queue 0.55 should be able to get. If not tomorrow sure can get 0.55. BA style is up and down up and down. Will never up up up.

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

Anytime could shoot up guys!

Posted by RISK8888 > 2023-09-20 10:17 | Report Abuse

not so fast, BA style never up up up...yesterday green, today red.

Posted by shiji93 > 2023-09-20 11:08 | Report Abuse

coming down for another round of collection!

Posted by RISK8888 > 2023-09-20 11:13 | Report Abuse

see, 0.555 now, just queue 0.55, today or tomorrow sure can get.

Posted by Fklim888 > 2023-09-20 11:45 | Report Abuse

Armada...buat hal betul betul

Posted by RayLee > 2023-09-20 12:28 | Report Abuse

Today retrace a bit, tomorrow Armada will rebound back 😃

Posted by TimCoke > 2023-09-20 14:52 | Report Abuse

buy at low, sell at high, so please collect it now, do not wait until the other way round

Posted by RISK8888 > 2023-09-20 15:17 | Report Abuse

tomorrow is collection day, next monday baru up balik. tomorrow buy even better price.

Posted by CyrusQ > 2023-09-20 16:21 | Report Abuse

TimCoke

good news comin soon, 0.58 still worth to buy. 0.69 easily

# Whats the goodie ?

Posted by RISK8888 > 2023-09-20 17:00 | Report Abuse

not so soon, it will only hit 0.6 by next QR. so now just trade and earn kopi money first

Posted by lloydlim > 2023-09-20 17:34 | Report Abuse

Better hold tight tight guys!

Posted by rohank71 > 2023-09-21 01:23 | Report Abuse

I think it may bounce up again once Brent above 95. Wait for what FED has to say and the game starts. Was able to buy 50% of what I sold at 56, sadly parked the other 50% at 55. Once it breaks 57.5 will jump back in.

Posted by RISK8888 > 2023-09-21 08:02 | Report Abuse

it will touch 0.54 again, dont miss the boat, COLLECT!

Posted by RISK8888 > 2023-09-21 10:40 | Report Abuse

see, sudah touch 0.55. buy when it retrace. just queue, sure can get.

Posted by RayLee > 2023-09-21 12:04 | Report Abuse

We will see the oil price hitting USD 100 per barrel

https://www.rigzone.com/news/brent_oil_price_highly_likely_to_move_above_100-19-sep-2023-174045-article/

Posted by TimCoke > 2023-09-21 12:25 | Report Abuse

Correct, collect, collect

Posted by shiji93 > 2023-09-21 12:38 | Report Abuse

bought some at 0.55, it could be bouncing back very soon. 0.6 is doable i guess.

Posted by leeabraham > 2023-09-21 15:28 | Report Abuse

rohank71, agreed with you technically. a matter of time.

Posted by leeabraham > 2023-09-21 16:21 | Report Abuse

que at 0.555 but hard to get.

Posted by Ninja _07 > 2023-09-21 16:30 | Report Abuse

0.55 I queue so long tak bagi chance! Tak boleh makan

Posted by Jacintha > 2023-09-21 16:56 | Report Abuse

tomorrow may go up a bit to end the week higher.

Posted by RISK8888 > 2023-09-21 17:23 | Report Abuse

Tomorrow can lower, maybe 0.54. Will try buy more.

Posted by RISK8888 > 2023-09-22 07:49 | Report Abuse

0.54 too high, let’s try 0.53

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

from fred tham newsletter, it will go up today.

Posted by TimCoke > 2023-09-22 09:14 | Report Abuse

0.56 still worth to collect

Posted by Jacintha > 2023-09-22 09:17 | Report Abuse

0.54 or 0.53 is the price of the past for now

Posted by nikicheong > 2023-09-22 09:25 | Report Abuse

Who is Fred Tham? Come share newsletter for us all

Posted by Ninja _07 > 2023-09-22 09:37 | Report Abuse

Yeah who is Fred Tham? I know only Fred Perry 😂😂

Posted by Robert Waters > 2023-09-22 10:02 | Report Abuse

I only know Fred Flintstone from the tv cartoon. Let us meet Fred Tham.

Posted by randy793 > 2023-09-22 10:35 | Report Abuse

suposed to be guru in market; has subscribers for high fees and send daily pdf graphs. but also kena condemn by many for wrong recomendations.

Posted by lloydlim > 2023-09-22 10:52 | Report Abuse

Riding on bullish trend!

Posted by Ninja _07 > 2023-09-22 12:40 | Report Abuse

@Robert Waters ... hahahaha .. yabba dabba dooooooo!😂

Posted by MM78 > 2023-09-22 15:26 | Report Abuse

It would take another 2 quarters profitability to remove the accumulated losses of the owners' equity (- RM 447 K ) before Armada is allowed to declare any dividend from its future profit. The market would accept its valuations better than now, I hope.

Posted by nikicheong > 2023-09-22 17:09 | Report Abuse

@MM78 I wouldn't want Bumi Armada to pay out dividends anytime soon. Rather them use the money to pare down debts, and to reinvest into the business. Once they reach a point where they have lots of money and no idea what to do with it, then and only then, they should be paying out dividends.

Posted by Felix888 > 2023-09-22 18:27 | Report Abuse

My opinion if Armada starting paying dividend with part of the retained earning could help a lot to change the market perception and improve the market valuation of PE 4.92 (way too low now).

The debts to book ratio is healthy now, the company should be no problem getting new loan for new projects and paying off the existing loan.

Posted by nikicheong > 2023-09-22 21:57 | Report Abuse

The first of the new transformer units was delivered approximately two weeks ago and is now online. The second new unit is expected to arrive this weekend.

-----------
Update on Kraken from my source

Posted by MM78 > 2023-09-23 00:47 | Report Abuse

@ Nikicheong, yes it can also be beneficial to investor if Armada management can make use of the future free cash flow to generate high ROE in the new investments instead of distribute the cash as dividends. The latest Kraken event and lack of timely updates subsequently does not help create trusts.
Dividends may help gaining some interests among sceptical investors who want to see some cash returns sooner instead of waiting in some blur visions due to poor investors relationship management by Armada.

Posted by rohank71 > 2023-09-23 01:40 | Report Abuse

#MM78, u r right it's all abt Capital Mgmt. What's 4 DV or 250M when BAs cashflow is 20 sen per share or 1B.

Posted by rohank71 > 2023-09-23 01:43 | Report Abuse

However, we have to take into acct the interest rate BA pays. So let the 2Q pass and hope rates drop, and BA can do the capital mgmt accordingly. Current debt to cashflow is abt 4X very manageable. But if interest rate shoots up its good to he prudent. When rates are down BA should pay out its profits

Posted by rohank71 > 2023-09-23 01:44 | Report Abuse

2024, we should have DV.

Posted by MM78 > 2023-09-23 14:20 | Report Abuse

While we may applaud the prudence in the paying down of the loans aggressively by Armada management ,we should not accept the negligence in preventive maintenance or lack of redundancy in crucial system on Kraken. The MD should take a pay cut for lack of foresights in ensuring no production disruption in such an important asset. This costs the shareholders hundreds of million. He simply ignores the need for timely updates with shareholders as well.
Is the market still reflecting lack of confidence in Armada’s leadership despite the strong free cash flow that should give Armada stock better valuations? We can’t rule out AK may take Armada private once again if it is valued too cheap after its debt is paid down. I hope my such fear is unfounded.