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%

Market Buzz
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

8dragon

0.48 will be a good buy next week...

4 days ago

rohank71

Can buy at any price if U r long term holder. Casflow solid.

4 days ago

nikicheong

Seems like some heavy selling....

4 days ago

ming

AK gang kena margin call trigger by Astro kah~

4 days ago

zonefinder

I'm diving in at 51.5...

4 days ago

rohank71

😁

4 days ago

BobAxelrod33

Sime people uses CIMB

4 days ago

GoldenShares

0.515 boleh dapat KFC ? ha ha

4 days ago

TimCoke

kena fried KFC

4 days ago

BobAxelrod33

Have you tried Bacardi coke with fried chicken??? It's nice. Use Bacardi Carta Blanca and coke!

4 days ago

TimCoke

yes, this is BacardiCoke now

4 days ago

nikicheong

With Bumi Armada, expect the unexpected.

3 days ago

rohank71

Well said, Niki. No one expected Karken failure too. Hence the reason it trades at a discount to fair values.

3 days ago

Blue Tulip

After Serba Dinamik is Bumi Armada?

3 days ago

wsheng0414

Call warrant c83 is going to expired. Is it possible that IB press down the price for warrant???

3 days ago

nikicheong

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

vespa

wonder when do we stop holding our noses

2 days ago

Justaboylearning

For me I will sell all. Evade the sunk cost fallacy

2 days ago

rohank71

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

Jerichomy

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

i3lurker

Who am I to short it?

1 day ago

armadatuah2017

Short baby. lai lai.... year end... good timing for shorting for some quick bucks

1 day ago

i3lurker

I already said it will be shorted

and someone asked who am I?

1 day ago

TimCoke

Can celebrate soon

1 day ago

GoldenShares

first oil mari, nak goreng KFC, ha ha

1 day ago

ageetkumar

Does anybody know what % of the DCR is the standby rate for Sterling V. How much does this translate to EPS?

1 day ago

Justaboylearning

Gooood bye , good luck all!

1 day ago

nikicheong

@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

delayed for 20 years?

1 day ago

nikicheong

@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

rohank71

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

i3lurker

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

lloydlim

Time to accumulate!

21 hours ago

nikicheong

@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

zonefinder

Look at this positively especially for long term investors/sufferers...chance to accumulate more at good price..

7 hours ago

Ninja _07

Rebound

2 hours ago

nikicheong

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

nikicheong

A pump of some sort had failed abroad the FPSO.

1 hour ago

nikicheong

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

nikicheong

Such a lengthy delay out of the blue must mean that there are teething or even terminal problems.

1 hour ago

ITreeinvestor

without Sterling V contribution armada still able to provide handsome profit

1 hour ago

Felix666888

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

nikicheong

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

Felix666888

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

ckwee168

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

vespa

plagued with problems

28 minutes ago

vespa

Armada scrapes the barrel for partners

26 minutes ago

vespa

Another major off project factor perhaps to prime execution maybe handouts just as in bolehland

22 minutes ago

Penarak

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

Felix666888

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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