BUMI ARMADA BERHAD

KLSE (MYR): ARMADA (5210)

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Last Price

0.585

Today's Change

+0.005 (0.86%)

Day's Change

0.575 - 0.585

Trading Volume

21,283,800


46 people like this.

71,168 comment(s). Last comment by Robert Waters 43 minutes ago

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-27 01:49 | Report Abuse

Don't forget, we have so many announcements with zero follow through for now. We best see things moving by Q1/Q2 2024, otherwise we can conclude that Bumi Armada is heading to its sunset.

1. Mumbai FSRU (JV with Shapoorji)
2. UK FSCIU (JV with Navigator Gas)
3. Madura FLNG (JV with Pertamina)
4. Akia PSC (JV with Pexco)
5. Akia FPSO + FLNG (JV with Pexco)
6. Unknown Indonesian CCS FEED (unknown)
7. Budi Onshore Gas Plant pre-FEED (unannounced)

MM78

591 posts

Posted by MM78 > 2023-11-27 09:13 | Report Abuse

Thanks to everyone sharing your thoughts on Armada and especially to Niki for very detailed analysis. I do agree the real threat to Armada is no apparent growth catalysts now except some hope on extensions of contract options. We keep hearing some indications/news of some new project but very little update from management on these. Hearing some distant thunders but yet to see the rains. Yes, we shall wait a little longer to see if the current management team can show their worth . Thanks

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-27 09:47 | Report Abuse

Seems like there might be an FSRU award soon. Unknown if this is related to the Mumbai FSRU project or not.

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-28 13:31 | Report Abuse

Quiet day, not even half a mil traded. Calm before the storm perhaps?

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-28 15:46 | Report Abuse

During the ten months to end October 2023, average gross production was 19,108 Boepd (net 13,471 Boepd), which is reflective of high uptime before and after the anomalous failure of hydraulic submersible pump (‘HSP’) transformer units during the first half of the year. Since the efficient return to service of the floating production, storage and offloading vessel (‘FPSO’) restored full production in early August, the Group has overseen a return to top quartile performance, with the FPSO delivering production efficiency and water injection efficiency of 100% for the months of September and October. In addition, delivery and deployment of new HSP transformer units has provided increased resilience to production capacity.

Production in the second half of the year has benefited from the removal of two planned periods of single train operations, with the Group having executed maintenance work while production at the FPSO was shut-in. As a result, no further planned maintenance outages are anticipated during 2023.

Looking ahead, the Group has procured a mobile offshore drilling unit for the proposed drilling of two wells at Kraken during 2025.

https://www.enquest.com/media/press-releases/article/operations-update-17

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Positive update from Enquest. Further drilling in 2025 means that the FPSO's charter will be extended into its option period. Note that the Kraken FPSO's firm charter period ends in 2025.

Posted by Justaboylearning > 2023-11-28 22:01 | Report Abuse

Oil price dropping . Armada considered stabilized . Wonder if it will break support or resistance .

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-29 09:35 | Report Abuse

First oil delayed to around Dec 15th

RISK8888

2,226 posts

Posted by RISK8888 > 2023-11-29 09:51 | Report Abuse

wow, delay again, this round 15Dec is it confirm? Or still got chance to delay further?

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-29 12:06 | Report Abuse

Anything can happen. Expect the unexpected. There's also a chance the FPSO might just never produce, the way things are going. Incompetence. These things can only happen in India.

Penarak

69 posts

Posted by Penarak > 2023-11-29 14:06 | Report Abuse

Maybe by Christmas , can hit something !

rohank71

732 posts

Posted by rohank71 > 2023-11-29 18:04 | Report Abuse

The risk associated with O&G.

RayLee

133 posts

Posted by RayLee > 2023-11-29 18:47 | Report Abuse

How many percent of the accidents will happen?

Jerichomy

4,220 posts

Posted by Jerichomy > 2 months ago |

Post removed.Why?

Posted by Justaboylearning > 2 months ago | Report Abuse

Support is broken !

Posted by Heungheungloveyou > 2 months ago | Report Abuse

a value trap company like Serbadk?

nikicheong

2,250 posts

Posted by nikicheong > 2 months ago | Report Abuse

Beautiful!

Posted by Robert Waters > 2 months ago | Report Abuse

On no news at all is tubling like a rock.
Insiders must already know something.
It is never without a reason

Jacintha

36 posts

Posted by Jacintha > 2 months ago | Report Abuse

Just great!

nikicheong

2,250 posts

Posted by nikicheong > 2 months ago | Report Abuse

There might be an issue with a water injection pump onboard one of the producing FPSOs. Hearing something about it. However, I'm unsure if the impact is material and if that's what's driving the price lower.

By right, if there's any material impact to production arising from equipment failure, Bumi Armada needs to make announcement to Bursa Malaysia.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

Simple.......DAP did it!!!!

lexwong89

15 posts

Posted by lexwong89 > 2 months ago | Report Abuse

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?

TimCoke

117 posts

Posted by TimCoke > 2 months ago | Report Abuse

means?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

.........Means it is DAP's fault......

RISK8888

2,226 posts

Posted by RISK8888 > 2 months ago | Report Abuse

push down to annouce good news, always like this. so good news is coming.

TimCoke

117 posts

Posted by TimCoke > 2 months ago | Report Abuse

Yes, good news otw

rohank71

732 posts

Posted by rohank71 > 2 months ago | Report Abuse

Technicals very UGLY. For traders, most will sell. Investors stay cool and collect more.

rohank71

732 posts

Posted by rohank71 > 2 months ago | Report Abuse

#risk8888, I like ur theory..hahaha

8dragon

1,974 posts

Posted by 8dragon > 2 months ago | Report Abuse

0.48 will be a good buy next week...

rohank71

732 posts

Posted by rohank71 > 2 months ago | Report Abuse

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

nikicheong

2,250 posts

Posted by nikicheong > 2 months ago | Report Abuse

Seems like some heavy selling....

ming

2,043 posts

Posted by ming > 2 months ago | Report Abuse

AK gang kena margin call trigger by Astro kah~

zonefinder

216 posts

Posted by zonefinder > 2 months ago | Report Abuse

I'm diving in at 51.5...

rohank71

732 posts

Posted by rohank71 > 2 months ago | Report Abuse

😁

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

Sime people uses CIMB

GoldenShares

3,537 posts

Posted by GoldenShares > 2 months ago | Report Abuse

0.515 boleh dapat KFC ? ha ha

TimCoke

117 posts

Posted by TimCoke > 2 months ago | Report Abuse

kena fried KFC

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2 months ago | Report Abuse

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

TimCoke

117 posts

Posted by TimCoke > 2 months ago | Report Abuse

yes, this is BacardiCoke now

nikicheong

2,250 posts

Posted by nikicheong > 2 months ago | Report Abuse

With Bumi Armada, expect the unexpected.

rohank71

732 posts

Posted by rohank71 > 2 months ago | Report Abuse

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

Blue Tulip

249 posts

Posted by Blue Tulip > 2 months ago | Report Abuse

After Serba Dinamik is Bumi Armada?

Posted by wsheng0414 > 2 months ago | Report Abuse

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

nikicheong

2,250 posts

Posted by nikicheong > 2 months ago | Report Abuse

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.

vespa

785 posts

Posted by vespa > 2 months ago | Report Abuse

wonder when do we stop holding our noses

Posted by Justaboylearning > 2 months ago | Report Abuse

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

rohank71

732 posts

Posted by rohank71 > 2 months ago | Report Abuse

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.

Jerichomy

4,220 posts

Posted by Jerichomy > 2 months ago |

Post removed.Why?

Posted by armadatuah2017 > 2 months ago | Report Abuse

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

TimCoke

117 posts

Posted by TimCoke > 2 months ago | Report Abuse

Can celebrate soon

GoldenShares

3,537 posts

Posted by GoldenShares > 2 months ago | Report Abuse

first oil mari, nak goreng KFC, ha ha

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