BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.635
Today's Change
+0.015 (2.42%)
Day's Change
0.615 - 0.635
Trading Volume
32,473,300
Prices
| Date | Open | High | Low | Close | Change | Volume |
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Discussions
45 people like this. Showing 50 of 72,502 comments
use Chatgpt :
1.When a major shareholder of a company passes away, the company will not stop working. The death of a shareholder may have legal and financial implications, but it does not automatically cause the company to cease operations. Here's a breakdown of what happens:
Ownership Transfer: The deceased shareholder's shares will typically pass to their heirs or beneficiaries, as outlined in their will or according to the laws of inheritance. The new shareholders will inherit the rights to the shares, including voting rights and a share of any dividends.
Continuity of Business: The company will continue to operate as usual. The death of a shareholder does not impact the day-to-day management of the business, unless the shareholder held a key executive role (e.g., CEO, CFO). In such cases, the company may need to appoint a successor to manage the business operations.
2) The death of a large stakeholder in a company does not automatically stop a merger, but it can have implications depending on several factors, including the shareholder's role, the structure of the merger, and the shareholder's estate plans. Here's an outline of possible scenarios:
Impact on Voting and Approval
If the deceased shareholder held significant voting power essential for approving the merger, the shares would transfer to their estate (or heirs) as per the shareholder's will or local inheritance laws.
The executor of the estate or the heirs may need to decide whether to support or oppose the merger. This could delay the process, especially if legal disputes arise over ownership or intentions regarding the shares.
(The non-binding memorandum of understanding with MISC Berhad regarding a potential merger between us and their Offshore Business Unit is an exciting development) take from Qtr.
If the plan of merger is from big shareholder and CEO, it should not be a problem. Plus, this type of merger is win win situation.
1 week ago
My respect and thank you to AK who was loyal to his investments protecting Armada even in times of trouble. He loaned money to BAB and that way ensured that the company avoided distress. Grace for minority shareholders here.
6 days ago
I believe that AK's companies are generally well run and there's no need for minority shareholders like me to constantly look over their shoulders to see if he's trying to shaft them. If AK wanted money, he'll just declare dividends and not do some shady related party deals. A corporate cheiftain in the same mould as the great Teh Hong Piow.
Rest in peace sir.
4 days ago
Gut punch: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3505462
This was a project that Bumi Armada had tendered for.
4 days ago
It's a fairly decent contract award - around USD35mil/year during the 10-year firm period.
4 days ago
@nikicheong- May I know how you to get the information? Did Bumi Armada tendered another project?
4 days ago
big player is now collecting in hidden mode. it seems that, Armada is set to become big.
3 days ago
Maybe it is a few dozens small players that get share from a big player of a whale ?
3 days ago
Today I wanted to buy some shares as the price softened at the closing during 5 minute TPC phase at 16:50, and instead I pressed SELL. Well, that was silly mistake. Those things can happen to big boys too, with more price implication.
I was upset with myself, so I put a buy for tomorrow to repurchase. Hopefully at same price.
2 days ago
Merger will happen, the only issue is the pricing of BAB for the merger. They have been talking for more than a year now, if you recall the CEO mentioned of potential corporate exercice at BAB in a briefing about a year ago.
2 days ago
as informed 5 days ago in my earlier post. We have now 60 cents. Congrats to all who has entered during 55 cents limbo. At this point, the only sound action is to add.
2 days ago
TimCoke- Don't worry too much, everyone have their own strategy to invest, so when reach their target price then will automatically sell off.
Refer to your question - run right?
I think you have to set up two type of targets which is stop loss target and target price, this will be very useful for you.
2 days ago
Wait for me for what? The highest I averaged up at was RM0.47 a few months ago. I'm not likely to add to my holdings anytime soon. I'm just waiting on the sidelines to see how things pan out.
1 day ago
Yes. I heard that one before. Operator keeps price low to achieve some type of financial target for transaction in the future. I tried to suppress a penny stock (PN17) once, but it ended badly for me. Break through and an opportunity loss by selling too low.
3 hours ago
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shocklim
He had worked hard all his life.
Now he deserves a good rest.
May His Soul Rest in Eternal Peace
1 week ago