Posted by Ninja _07 > 2024-04-15 12:54 | Report Abuse

If there is a bull run, we are looking at 0.65 - 0.69 ...!

Posted by serpent100 > 2024-04-15 14:53 | Report Abuse

Where bull….mari lehhh

Posted by vespa > 2024-04-15 16:25 | Report Abuse

with socks,shoes and what not are headlines optimism is an empty promise

Posted by nikicheong > 2024-04-15 17:38 | Report Abuse

Potentially negative news: https://www.upstreamonline.com/finance/uk-north-sea-producer-waldorf-facing-liquidity-concerns/2-1-1626872

Posted by Gabriel Khoo > 2024-04-15 18:43 | Report Abuse

Nik. I think its still managable given that the JV only 1/4 even if the field is to be liquidated

Posted by Gabriel Khoo > 2024-04-16 00:20 | Report Abuse

https://www.energyvoice.com/oilandgas/551730/waldorf-prodution-no-comment-on-liquidity-woes/

Posted by Gabriel Khoo > 2024-04-16 00:20 | Report Abuse

https://www.energyvoice.com/oilandgas/551730/waldorf-prodution-no-comment-on-liquidity-woes/

Posted by nikicheong > 2024-04-16 09:55 | Report Abuse

What now?!?!?!?

Posted by zonefinder > 2024-04-16 11:27 | Report Abuse

Looks like its mostly the retail sellers. Large and institutionals are buying ie inflows. Wonder if its reaction to Iran lobbing drones and missiles into Israel and possible reaction from latter.

Posted by Ninja _07 > 2024-04-16 14:06 | Report Abuse

Other O&G counters rebounded.

Armada's drop could be a mixture of:

(Geopolitical + Waldorf) = then must watch closely the price movement as most likely price will be shaken a bit;

(Geopolitical Only) = then the price will rebound back to 0.62

Posted by Ninja _07 > 2024-04-16 17:11 | Report Abuse

Closed flat at 0.59

Posted by steady31 > 2024-04-16 17:12 | Report Abuse

There is not going to be a problem from 29.5% owner Waldorf..EnQuest which holds 70,5% can easily pick up any shortfall as it has just struck 2 huge oilfields in Bressay and Bentley .Just buy low now and sell at 0.68

Posted by lloydlim > 2024-04-16 20:15 | Report Abuse

Time to accumulate guys!

Posted by ITreeinvestor > 2024-04-17 10:36 | Report Abuse

Is there any news regarding the final acceptance of Sterling V? It is expected to be completed this month.

Posted by nikicheong > 2024-04-17 10:56 | Report Abuse

Sterling V acceptance is not happening this month. Still 3 to 6 months away, at minimum.

Posted by Ninja _07 > 2024-04-17 11:08 | Report Abuse

Need to hold-on tight ... this is not a major shake-up

Posted by rohank71 > 2024-04-18 09:23 | Report Abuse

back to 58... must NOT break or else the uptrend is over...wait for next one.

Posted by rohank71 > 2024-04-18 10:29 | Report Abuse

broken... must wait for end May when Q1 results are out for a uptrend.

Posted by TimCoke > 2024-04-18 10:31 | Report Abuse

just collect now

Posted by TimCoke > 2024-04-18 10:33 | Report Abuse

and wait for the QR surprise

Posted by Ninja _07 > 2024-04-18 11:30 | Report Abuse

Guys, I am off-loading for now... I think the Waldorf issue is a concern for now... See you all in the next round yeah. Will be back soon!

Posted by rohank71 > 2024-04-18 11:41 | Report Abuse

#TimCoke.. the same here... looking forward for a good QR and also some notes in Annual Report and AGM presentation before end of May.

Posted by rohank71 > 2024-04-18 16:35 | Report Abuse

Back to above 58... still looking good.

Posted by Ninja _07 > 2024-04-19 12:43 | Report Abuse

Looks like everyone betting on Oil counters today

Posted by TimCoke > 2024-04-19 14:52 | Report Abuse

its time to pickup for 'investors'

Posted by Ninja _07 > 2024-04-19 15:44 | Report Abuse

Misc, dayang, hibiscus, perdana, dialog all went up .. but armada going down 🤔🤔

Posted by marc9enterprise > 2024-04-19 16:40 | Report Abuse

Ooops.... mouse pointer on the X .....accidently click and delete my own comments ... .hahaha

Posted by TimCoke > 2024-04-22 10:57 | Report Abuse

good news on its way

Posted by nikicheong > 2024-04-22 11:45 | Report Abuse

Competition warming up for large gas FPSO in Southeast Asia

https://www.upstreamonline.com/exclusive/competition-warming-up-for-large-gas-fpso-in-southeast-asia/2-1-1630052

Posted by nikicheong > 2024-04-22 11:46 | Report Abuse

TimCoke when you say that often enough, it's bound to come true at some point.

Posted by rohank71 > 2024-04-23 01:27 | Report Abuse

staying above 58 very well... keeping our hopes alive for a run-up.

Posted by TimCoke > 2024-04-23 10:21 | Report Abuse

Niki, law of attraction ma, but its actually based on fact... Below 6 is still a good buy

Posted by nikicheong > 2024-04-23 10:44 | Report Abuse

The 2023 Annual Report should be out in the coming days. Hopefully there are some concrete, positive developments hidden in there.

Regardless, we need some positive announcement specifically relating to a concrete contract win by June 2024. Otherwise, be prepared to write-off Bumi Armada.

If you read the recent Glassdoor review, it seems like a company without any future potential. Such a sad state of things. Gary must be held accountable for this debacle!

Posted by nikicheong > 2024-04-23 12:27 | Report Abuse

Reviews from Glassdoor

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

Relaxing!

Pros

Relax culture, you can get to know everyone in the company, KLCC view, half day on Friday, 10 mins walk from public transport (LRT)

Cons

Could be better on the employee & career development structure.

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

Bonus payout is considered low as compared to peers

Pros

Friendly environment, rarely working overtime

Cons

No projects. Transparency between upper management and employees is low

Advice to Management

Provide more profit sharing to the employee to retain the talent

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

Posted by nikicheong > 2024-04-23 12:28 | Report Abuse

LMAO they work just half-day on Friday. Intern says it is a relaxing environment, this not good for us.

The second review says no projects. Also, not good for us.

Posted by rohank71 > 2024-04-23 12:51 | Report Abuse

sometimes better no new project vs loosing money in new project. unfilled sales up to 20B or NPV @ 13% @ 90 sen per share, better sit and collect the sales and don't screw up. Once debt paid, pay out the extra cash as DV.

Posted by rohank71 > 2024-04-23 12:52 | Report Abuse

most analysts valuation is based on NPV @ 16% @ 75 sen

Posted by rohank71 > 2024-04-23 12:53 | Report Abuse

this May after QR most analyst will upgrade to 80 to 90 sen band target price as long as NO screw ups. we don't need new projects... but just implement what's is already there with perfection.

Posted by TimCoke > 2024-04-23 14:26 | Report Abuse

73c - fair

Posted by vespa > 2024-04-23 15:14 | Report Abuse

Rohank that is right with cost of equity at just over 16 % and with debt pared down would generally relate to a lower discount increasing PV subject to freecashflow projections. These guys need another project to bump up valuation as buffer to future cashflow projections.

Posted by TimCoke > 2024-04-23 15:24 | Report Abuse

Collect at 0.59 before it is too late?

Posted by vespa > 2024-04-23 15:48 | Report Abuse

The "kick" is in the terminal valuation in the DCF model. A growing company would have a higher valuation. That is why Yinson's valuation is streets ahead

Posted by Robert Waters > 2024-04-24 04:48 | Report Abuse

Let us NOT kid ourselves. We, investors, are not going to make any profit, unless Armada management gets off their asses and start looking for new contract. Project division has been sitting 'half' idle for 5 years now.

Posted by vespa > 2024-04-24 14:30 | Report Abuse

Indeed Mr Waters!

Posted by TimCoke > 2024-04-24 16:07 | Report Abuse

do it before its too late ha

Posted by Robert Waters > 2024-04-25 09:21 | Report Abuse

Check the news. Greedy Gary is giving himself millions of shares and here is 60k for MGMNT. Seems unbalanced.

Posted by nikicheong > 2024-04-25 12:57 | Report Abuse

Greedy Gary has taken too much for himself, and left not much for the rest.

He is the reason Bumi Armada is decaying.

Hopefully, AK will awake from his slumber and shake things up at the top of Bumi Armada.

Greedy Gary has gotten too comfortable in his position.

Posted by rohank71 > 2024-04-25 14:08 | Report Abuse

AK also sleeping, so don't expect growth from BA... its just collection of contracts till expiry of contracts... and sale of BA to Indian party.

Posted by TimCoke > 2024-04-26 10:05 | Report Abuse

Wow, div may be paying out this time, perhaps

Posted by Robert Waters > 2024-04-27 00:44 | Report Abuse

I do not think that Greedy Gary would allow for any payments for shareholders. He already has 30 million of shares for free or half free, will likely ask to pass a special resolution to award more for himself. Maybe another 30 million over few years ? He gave 60 k for management. That is 0.2% or less. At premium. This guy is so greedy it is sick. There will be no money for shareholders left.