BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.565
Today's Change
-0.005 (0.88%)
Day's Change
0.555 - 0.57
Trading Volume
20,731,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
45 people like this. Showing 50 of 72,042 comments
Yes but other companies shares climbed because they have the skillset to do the core business.
Give it some time
and fresh newbies nexgen will not know that Armada has zero skillset operating an FPSO resulting in transformer blowouts 👍😘
1 week ago
I am one of the faithful fansi (the buy to hold type), market as a whole not going anywhere & BA looks like a safe counter imho
1 week ago
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months.
https://www.thestar.com.my/business/business-news/2024/07/12/aneka-jaringan-wins-rm53mil-logistics-hub-job
1 week ago
BOD of Armada is poor in capital management.With such high consistent earnings and having so aggressively paid down bank borrowings to now a very comfortable level,, it is high time they consider paying dividends to sustain a higher share price. For a start 3 cents dividend is not generous as it will amount to a payout of 25% of earnings. Share price will definitely strengthen and 1.00 is not impossible as dividend yield would just be 3.3%
1 week ago
no reason to pay you, when ultimately will be delisted later, my money is my money 😁
1 week ago
spot on steady31... major shareholder appears to be all about himself and the faithfull are bearing the cost.. poor souls
1 week ago
very sad lah. holding faithfully since 0.55 last year and now also this price. look astro also dead, maxis no move (AK, pls monitor yr management, what r they doing, high salary??)
1 week ago
Okay, Holland 1 - Malaysia 0.
Monday betting odds Holland give back half ball to Malaysia.
1 week ago
Walaoeh, what happend ?
Super damn hot man Armada today !
Now Armada was traded at @0.585 (+0.015) (+2.6 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Pharos announces their update on 18th July 2024. Might be some positive update on their TGT drilling and/or license extensions.
1 week ago
Ya, because oilprices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, Penarak ..https://www.thestar.com.my/business/business-news/2024/07/16/oil-prices-fall-on-lingering-chinese-demand-concerns
6 days ago
No.Oil prices are up and down.This is caused by the off loading from last Tuesday.Will go on till Thursday.
2 months ago
FPSO accepted at last... six months after producing first oil in India
https://www.upstreamonline.com/rigs-and-vessels/fpso-accepted-at-last-six-months-after-producing-first-oil-in-india/2-1-1677622
6 days ago
Or maybe they are disposing, as much as they can without breaking the market.
5 days ago
In the United States, the world's largest oil producer and consumer, crude oil inventories fell by 4.4 million barrels in the week ended July 12 . Oil 🆙
https://www.thestar.com.my/business/business-news/2024/07/17/oil-prices-edge-up-on-us-inventories-but-china-caps-gains
4 days ago
Sonnia I think you're in the wrong company. Not suited to what you are looking for (movement with oil prices).
4 days ago
Robert Waters, you could probably be right but the saving grace is that downside is limited (says he)..glad am out of this but if it falls to the silly price region may reconsider..
4 days ago
This counter has a potential to deliver profit to all of us long in the game to greater extent than the darlings like Yinson, but it will likely take longer and be less profitable than we hoped for.
4 days ago
Pharos Operation Update:
TGT Revised Field Development Plan (RFDP) was approved by the Ministry of Industry and Trade (MOIT) on 9 January, enabling the two-well drilling programme to commence in 3Q
3 days ago
CNV RFDP agreed by all Partners and awaiting formal approval
Positive progress towards obtaining TGT and CNV licence extensions
Discussions continue with several interested parties in preparation for the drilling programme on Block 125
3 days ago
Again, based on my checking with Pharos Energy, the extension to the FPSO charter has been agreed to in principle but no formal signing has taken place.
Basically, they will not be proceeding with drilling two new wells unless there is a charter extension to the FPSO, which expires at the end of this year.
The FPSO will either be extended for a 7 year firm period, or for a 2 year firm + 5 year option period.
3 days ago
BMI, a subsidiary of Fitch Solutions, expects that as Petronas actively invests in overseas liquefied natural gas (LNG) projects and expands its global LNG portfolio, it will promote further expansion of LNG transactions in the country.
According to a BMI statement, Petronas has invested in the Gladstone project in Australia and the LNG project in Canada, and recently participated in the production sharing contract (PSC) of the Masela oil field with a 15% stake, including the Abadi LNG project in Indonesia.
It is understood that the Indonesian government approved the development plan of Masela in December last year, and Petronas and its partners have not yet made a final investment decision on the Abadi project.
There was also an agreement signed last year with Bumi Armada (ARMADA, 5210, Main Board Energy Stock) and PT Davenergy Mulia Perkasa, the natural gas subsidiary of Indonesia's National Petroleum Corporation (Pertamina), to develop a floating LNG project using feed gas from Madura and surrounding oil fields.
However, BMI said that these investment plans are still in the early stages and have not been further promoted.
However, BMI added that Petronas is looking to enter China and other emerging markets to reduce its reliance on the Japanese market as these emerging markets become increasingly important for it to maintain LNG exports.
"China is now generally considered a fast-growing LNG market, but it still offers significant LNG export opportunities."
As of the end of April, Malaysia's share of China's LNG market is limited, accounting for 11.5% of China's LNG imports, far lower than (32.5%) and Qatar (25.9%).
In addition to China, Petronas has a 15-year long-term contract with Thailand's PTT to supply 1.2 million tonnes of LNG per year.
"As Thailand's demand for LNG grows and PTT is expanding its LNG regasification capacity, this will hopefully increase Petronas' exports to Thailand."
In addition, BMI pointed out that Petronas also exports spot LNG to Taiwan, Bangladesh, Singapore and Pakistan, and Vietnam may become the next target market.
2 days ago
Nick. Would there be any charter rate to re-nego for the contract under option to extend
2 days ago
Gabriel as I understand it, for TGT no renegotiation of rates. It should be broadly in line with previous charter extension. If anything, rated might be lower, but only marginally.
2 days ago
Ambank downgrades to RM0.60. Very odd update given that there's no update or changes to fundamentals.
2 days ago
MISC could take a substantial stake in Bumi Armada
https://theedgemalaysia.com/node/718246
10 hours ago
no matter what happen as long as it's earning and borrowing keep on improving, eventually the share price will going up
8 hours ago
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Penarak
Share price not showing acceptance of Sterling V .It should hv gone up alittle.Coupled with the getting off of those who boarded on Tuesday ,the afternoon session could be somewhat rocky .
1 week ago