Posted by mikekim > Oct 18, 2019 7:01 PM | Report Abuse

If installer and constructor contract award is true and announced we will see 50 cents.

And if Claire’s award is positive it will bring us back to 70 cents and above. And the compensation can be used for new projects capex and pare down debt. Distress risk will literally be 0 at that stage and multiple will rerate. Market cap will go back closer to 5bn at 1x P/B at least.

And oh, let’s not forget we’re 40 days away from Q3 results which is likely to be positive again. CEO has guided 2H2019 will be much better than 1H2019. I think I have pointed this out very early on before Q2 that two consecutive quarters of net profit will see institutional investors coming back in. If we get Q3 and Q4 with good and growing net profit, with a strong set of FY2019 results, Armada will be on track to regain its former glory.

Posted by hotstock1975 > Oct 18, 2019 7:25 PM | Report Abuse

Yea.. Here we go next week

Posted by InvestorKING > Oct 18, 2019 7:43 PM | Report Abuse

I think next week they will announce

Posted by hotstock1975 > Oct 18, 2019 8:08 PM | Report Abuse

IK, hope so.

Posted by MM78 > Oct 18, 2019 8:54 PM | Report Abuse

We have been holding on our shares waiting for the real light at the end of the long tunnel.
This is positive if IK ‘s source is reliable and the information is right. Thanks for sharing , IK and Mikekim

Posted by pang72 > Oct 18, 2019 9:38 PM | Report Abuse

EPF support again...

Hihi!!

Posted by mf > Oct 18, 2019 9:48 PM | Report Abuse

Sell

Posted by TAK1 > Oct 18, 2019 10:36 PM | Report Abuse

Sell your ass

Posted by SuperPanda > Oct 19, 2019 12:06 AM | Report Abuse

just let the profit continue to grow..

Posted by mikekim > Oct 19, 2019 12:25 AM | Report Abuse

JP Morgan Report - interesting statistics:

1) Kraken oil is trading a premium of US$10+ / barrel to Brent due to low sulfur content for IMO 2020 compliance requirement (in short, it's a global requirement for ships to use low sulfur content oil to reduce sulphur emission starting 1 Jan 2020).

2) Kraken's 2Q2019 production efficiency is at a very healthy 80% (up from 55% in 1Q).

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Kraken sweet crude oil (low sulfur) demand likely to be higher as shipowners look to use blended sweet crude oil as fuel. As per a news report (Source: Bloomberg), shipowners could potentially look to use blended crude oil (without refining), having sulfur content less than 0.5%, as ship fuel in lieu of IMO 2020.

These grades are currently trading at a premium of $10+ above Brent (v/s ~$2.5 in 2017). The report identifies Kraken’s crude oil as a grade that fits the bill. Kraken operator EnQuest stated that a 420k ton cargo has already been sold to Euronav for the purpose of producing compliant ship fuel and they received positive market feedback about Kraken’s utility in the shipping fuel market. Do note Kraken saw gross output rise to 32,776 bopd in 1H19 (in-line with EnQuest’s 30-35 kbopd FY19 guidance) with Bumi Armada (BAB)’s Kraken FPSO 2Q production efficiency at ~80% (from 55% in 1Q) as sustained higher production rates are the key focus moving into 2020.

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I look forward to a very very healthy 3Q number together with RM21 gain from Perdana's sale + maintenance cost savings from Perdana of RM18m per quarter.

Posted by Mabel > Oct 19, 2019 12:31 AM | Report Abuse

All these are music to my ears... Much better than Lobsters dinner :)

Thanks for sharing Mike!

Posted by mf > Oct 19, 2019 4:22 AM | Report Abuse

Sell

Posted by InvestorKING > Oct 19, 2019 7:35 AM | Report Abuse

Thursday up 3cents, supposingly coming Monday is T2, but this up 3cents is last hour done by Armada operator alone only, I don't see got any outsider, so there won't be T2 on Monday

So, Monday we BUY on dips

Posted by InvestorKING > Oct 19, 2019 7:40 AM | Report Abuse

Next week's sure fly up to nearer to 0.50 :)

Posted by Mabel > Oct 19, 2019 8:05 AM | Report Abuse

Brilliant IK...

Hmmmm... Yummy :)

Posted by sychan > Oct 19, 2019 8:08 AM | Report Abuse

IK don’t predict just buy buy buy

Posted by itch > Oct 19, 2019 10:03 AM | Report Abuse

Thanks mikekim. Certainly sounds good and on track for 70c!

Posted by RJ87 > Oct 19, 2019 10:03 AM | Report Abuse

the 3 sen up is fund manager get green light from EPF to sapu armada.

Rmb, u guys want it rise above 50sen, dont put sell. When EPF come sapu, it will shoot every resistance down like nothing.

Posted by itch > Oct 19, 2019 10:03 AM | Report Abuse

Have a good weekend Armadians!

Posted by RJ87 > Oct 19, 2019 10:36 AM | Report Abuse

Pull back, pull back, pull back...

Buy more, buy more, buy more.

Armada Jedi, can let Armada price pull back abit so that I can buy more.

P.S. Geco, if you wanna do reverse psychology, that's how its done. What you are doing is pseudo reverse psychology. Don't confuse yourself ok?

Posted by itch > Oct 19, 2019 10:42 AM | Report Abuse

Yes pull back. I also want to add position!

Posted by InvestorKING > Oct 19, 2019 11:04 AM | Report Abuse

Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on +1 SD to its 3-year average P/B. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case and judgement is expected in 4Q19.
Source: JF Apex Securities Research - 10 Sept 2019

Posted by Superb99 > Oct 19, 2019 11:42 AM | Report Abuse

based on TA, should move towards around 60 cents in near term

Posted by InvestorKING > Oct 19, 2019 1:52 PM | Report Abuse

NTA is 0.57, easily worth for that price

Posted by TAK1 > Oct 19, 2019 2:27 PM | Report Abuse

Dec 1.00 buy from this price also 100% strengten it no need pull back

Posted by TAK1 > Oct 19, 2019 2:29 PM | Report Abuse

Luckily because of ik news never rise if not correction no black and white yet.

Posted by apanama > Oct 19, 2019 5:48 PM | Report Abuse

Sell ...22sen..

Posted by winmal > Oct 19, 2019 6:36 PM | Report Abuse

yinson traded higher then his NTA value.

Posted by sychan > Oct 19, 2019 7:22 PM | Report Abuse

Apan loser really sick

Posted by RJ87 > Oct 19, 2019 11:56 PM | Report Abuse

selllllllll....

for me at 30sen...I'm not as greedy as apanama...

Posted by TAK1 > Oct 20, 2019 3:51 AM | Report Abuse

Ass' s that are so dump to value malaya staraits so cheap as the brains not workoking idots need to be tought a lesson.

Posted by armadatuah2017 > Oct 20, 2019 4:54 AM | Report Abuse

@Rj87 you definitely can top up de until EPF disposes recent 6.6 mil acquired shares.