BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.51
Today's Change
0.00 (0.00%)
Day's Change
0.50 - 0.515
Trading Volume
8,906,000
Overview
Market Cap
3,021 Million
NOSH
5,923 Million
Avg Volume (4 weeks)
14,767,480
4 Weeks Range
0.50 - 0.555
4 Weeks Price Volatility (%)
18.18%
52 Weeks Range
0.415 - 0.73
52 Weeks Price Volatility (%)
30.16%
Previous Close
0.51
Open
0.505
Bid
0.51 x 1,539,700
Ask
0.515 x 1,161,200
Day's Range
0.50 - 0.515
Trading Volume
8,906,000
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 16-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 24-Feb-2024
T4Q P/E | EY
4.26 | 23.45%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
1.00 | 0.51
T4Q NP Margin | ROE
32.13% | 11.96%
News and Blogs
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Bumi Armada Bhd is a Malaysia-based international provider of offshore energy facilities and services. The company?s revenue is derived from business segments including floating production, storage, and offloading, or FPSO, operations; floating gas solutions; and offshore marine services. Under the FPSO unit, vessels are designed to meet the requirements of a customer?s reservoir and operational environment. Alongside this unit, the company engages in the production and imports segments of the liquefied natural gas value chain through its floating gas solutions segment. Furthermore, support and construction vessels are offered to a range of international customers under the offshore marine services segment. The company also provides a slew of support services to customers.
Discussions
46 people like this. Showing 50 of 70,827 comments
Have you tried Bacardi coke with fried chicken??? It's nice. Use Bacardi Carta Blanca and coke!
4 days ago
Well said, Niki. No one expected Karken failure too. Hence the reason it trades at a discount to fair values.
3 days ago
Call warrant c83 is going to expired. Is it possible that IB press down the price for warrant???
3 days ago
I have some very bad news people. Armada Sterling V first oil has been further delayed to 15/01/2024 at the earliest. Possibilities of subsequent delays remain as they're dealing with some teething issues that might take a while to understand and resolve.
2 days ago
AS V, is a 30% associate company. BAs investment is AS V is only USD30M or 2.5 sen/share. AS V, debt of USD948M is not reflected in BAs books, and it's a project debt, i.e., no recourse to BA. Accordingly, the contribution of AS V to BA is also minimal. Projected CF to BA is also minimal as AS V will only contribute CF to BA after 7 years. Obviously, it's good to have a successful project but this is not Karken where the impact is BIG.
2 days ago
Why you so bodoh
It was caused by otb and otb macai
BobAxelrod33
Simple.......DAP did it!!!!
2 days ago
lexwong89
I give you guys a tip. If you can draw a parallel channel connecting the tops and bottom.
And.. look at the volume today, especially in the intraday chart, for almost 2 hours hovering at 0.515 to 0.52.
What does that mean?
2 days ago
TimCoke
means?
2 days ago
BobAxelrod33
.........Means it is DAP's fault......
2 days ago
1 day ago
Short baby. lai lai.... year end... good timing for shorting for some quick bucks
1 day ago
Does anybody know what % of the DCR is the standby rate for Sterling V. How much does this translate to EPS?
1 day ago
@Agreetkumar I suggest to exclude standby DCR as the issue seems to be with the FPSO, so they won't be getting any standby DCR while the delay persists.
1 day ago
@i3lurker there is always a possibility the FPSO will never be functional. I hope Bumi Armada doesn't take part in a project with minority stake in the future. Too much as risk when they need to depend on the expertise of others.
1 day ago
Hi Niki, from what I understand, the USD980M loan was taken by ASV and has no recourse to BA. BAs loss is just the equity of USD30M. They can easily sell the equity to their partner and walk away. Also the contribution to BA from ASV is too small as the DCR less Opex will b used for repaying ASVs 980M loan for the first 7 to 9 years.
1 day ago
Those injection lines may never function.
No matter how much you inject, nothing comes out of those production risers.
This is not a science, its an art form and sometimes, nothing works when capital is not enough.
This happens when the initial investment was not enough. Someone stingy.
Sonar imaging did not map the area thoroughly.
1 day ago
@Rohank regardless, the extended delay is a net negative to Bumi Armada. This new project should be contributing around RM120m in net profits per year for the 30% stake, equivalent to 2 sen per share. This was supposed to be a growth catalyst, albeit a small one, to a record-breaking profit year next year.
If the issue with Armada Sterling V is terminal, then yes Bumi Armada's direct losses may be limited to the US$30mil (which itself is some RM140mil, not an altogether small sum), but it will impact the future profits and the company's reputation adversely.
7 hours ago
Look at this positively especially for long term investors/sufferers...chance to accumulate more at good price..
7 hours ago
Woah what a shit show. It is highly likely the issue is related to the FPSO to some degree. As they were all ready to receive first oil last month and there was equipment failure on the FPSO.
1 hour ago
This means that the FPSO would be idle from Dec 2022 to May 2024. How would this impact the production systems? Would they corrode or degrade after such a lengthy time of not being used?
I say, be prepared to write-off Armada Sterling V FPSO.
1 hour ago
Such a lengthy delay out of the blue must mean that there are teething or even terminal problems.
1 hour ago
without Sterling V contribution armada still able to provide handsome profit
1 hour ago
This is high profile project. Is a flagship project for the India National Oil and Gas project. Not possible to scrap the FPSO.
https://energy.economictimes.indiatimes.com/news/oil-and-gas/ongc-to-start-commercial-oil-production-from-kg-block-in-may-2024-minister/105726514
1 hour ago
Yes it won't be scrapped but it might be delayed indefinitely. Just like what's been happening now. Initially due to start Sep 2021 but delayed to May 2022 due to Covid. That is understandable. But then it kept getting pushed back. To Dec 22, then Apr 23, then May 23, then Aug 23, then Oct 23, then Nov 23, then Dec 23 and now May 24.
1 hour ago
Session 1, 2023 completed.
Session 1 you watched the equipment caught by fisherman fish net, and heros from India`s Marine saved the situation.
Let`s watch Session 2, 2024. See any other surprise.
Now the India politician said this is 2nd deepest oil field in the world very challenging geographical situation.
54 minutes ago
i remembered our very own flagship Gemusut Kakap deepwater semi-floating production system also suffered significant delays, cost overruns and arbitrations before reaching its commercial production .. as long as the field is not depleted, i'm still optimistic that production will come thru at some point ..
46 minutes ago
Another major off project factor perhaps to prime execution maybe handouts just as in bolehland
22 minutes ago
For the State Oil Company to inform the Indian Parliment that commercial production commences in May 2024, they are confident to produce. Big procedure between First Oil and Commercial Production.So looks ok.And Sharpoorji Pallonji are big boys who should know what they are doing.
13 minutes ago
Yes this situation is different from Armada Claire case. This time is a technical challenge but Armada Claire case was due to the oil field depleted, no economy value to continue. The Australia client terminated the contract and put the blame on Armada.
This was a painful lesson learnt. I believe the Armada management should already know how to protect their asses.
5 minutes ago
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0.48 will be a good buy next week...
4 days ago