Traders Kopitiam! V6
|
|
 Nov 25 2014, 04:28 PM
|
 
Senior Member
1,449 posts Joined: Dec 2007 
|
QUOTE(gark @ Nov 25 2014, 04:23 PM) No wor... they get 5 sen, station operator get 12 sen and govt get 12 sen tax. by using the monthly mechanism, government will gain / subsidy depending on the oil price fluctuation. our government earn more in upstream, government dig big portion from P every year But of course, they also own some station so... they get some share of the 12 sen.   |
|
|
|
|
|
Nov 25 2014, 04:29 PM
|
|
Senior Member
1,449 posts Joined: Dec 2007
|
QUOTE(V-Zero @ Nov 25 2014, 04:26 PM) Interesting. varies from each operator Is this fixed across different operators? |
|
|
Nov 25 2014, 04:29 PM
|
All Stars
15,942 posts Joined: Jun 2008
|
QUOTE(gark @ Nov 25 2014, 04:17 PM) Petdag seems interesting.. even oil price high or low, you need to pump.... Petdag? Also with the removal of petrol subsidy ... even if you don't like also have to pump They earn a fixed margin of 5 sen every liter no matter what is the petrol price. But the price is still a bit rich for my taste, but beginning to look interesting.  Armada's FPSO is like a reit on water... except their charter and T&I might get hit some. I had a mini discussion with Felix..... Results been bad for the past few quarters.... Did you know I used to own this fella?  Anyway, I will wait until I see a clear turnaround in earnings first. Armada? Meh? Really? I dunno. Never interested to look into it and the very few times I glanced at its earnings.. I saw decline in profits.  |
|
|
Nov 25 2014, 04:38 PM
|
Senior Member
1,213 posts Joined: Apr 2007
|
Taaa daaaaaa!
Take your pick.   |
|
|
Nov 25 2014, 04:39 PM
|
Senior Member
6,356 posts Joined: Aug 2008
|
QUOTE(Boon3 @ Nov 25 2014, 04:29 PM) Petdag? u give me early warning...few qtr report very bad.I had a mini discussion with Felix..... Results been bad for the past few quarters.... Did you know I used to own this fella? Anyway, I will wait until I see a clear turnaround in earnings first. Armada? Meh? Really? I dunno. Never interested to look into it and the very few times I glanced at its earnings.. I saw decline in profits. i still waiting the brent oil price can hover USD60  |
|
|
Nov 25 2014, 05:07 PM
|
|
All Stars
15,942 posts Joined: Jun 2008
|
QUOTE(gark @ Nov 25 2014, 04:23 PM) No wor... they get 5 sen, station operator get 12 sen and govt get 12 sen tax. The last time what caught my attention was the growth in petrol stations. But of course, they also own some station so... they get some share of the 12 sen. |
|
|
|
|
|
Nov 25 2014, 05:10 PM
|
|
All Stars
15,942 posts Joined: Jun 2008
|
QUOTE(felixmask @ Nov 25 2014, 04:39 PM) u give me early warning...few qtr report very bad. Below 60 is a bit too drastic leh.i still waiting the brent oil price can hover USD60 |
|
|
Nov 25 2014, 05:17 PM
|
|
Senior Member
6,356 posts Joined: Aug 2008
|
QUOTE(Boon3 @ Nov 25 2014, 05:10 PM) Below 60 is a bit too drastic leh. any OIL expert ?Western want to bring down Middle east OPEC. with SHALE oil |
|
|
Nov 25 2014, 05:24 PM
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(V-Zero @ Nov 25 2014, 04:26 PM) Interesting. Petdag only supply to petronas petrol pump, some of their pumps belongs to individuals. Nothing to do with BHP/Shell etc Is this fixed across different operators? |
|
|
Nov 25 2014, 05:24 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(lynetnonyma @ Nov 25 2014, 04:21 PM) Finally you back in forum after 5 months (25 Jun - 25 Nov).... Ya .. long leave. |
|
|
Nov 25 2014, 05:35 PM
Show posts by this member only | IPv6 | Post
#291
|
Senior Member
3,806 posts Joined: Feb 2012
|
QUOTE(gark @ Nov 25 2014, 05:24 PM) Ya .. long leave. long time no see  |
|
|
Nov 25 2014, 05:38 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(Boon3 @ Nov 25 2014, 04:29 PM) Petdag? Ya... I am waiting for more clearer results too.I had a mini discussion with Felix..... Results been bad for the past few quarters.... Did you know I used to own this fella? Anyway, I will wait until I see a clear turnaround in earnings first. Armada? Meh? Really? I dunno. Never interested to look into it and the very few times I glanced at its earnings.. I saw decline in profits. Petrol station growth will be more or less muted, not much growth potential here. Cooking gas ... there is still some growth. Future growth will be in lubricants... Now to see if they can turn the company around. Armada catalyst is waiting for Kraken and C7 FPSO project to complete, these will not contribute to bottom line until 2015-2016. Armada Claire just reported first oil recently, also will only contribute from next Q onwards. Next will be the Madura-Husky project & Eni 15/06, although madura have lots of delay, but I am optimist because Indonesian government is really really pushing for natural gas capacity. Armada's other segment will take a big hit in revenue from its OSV and T&I revenue, but those has been more or less priced in. This is a very long term play This post has been edited by gark: Nov 25 2014, 05:41 PM |
|
|
Nov 25 2014, 05:41 PM
|
|
Senior Member
640 posts Joined: Jun 2013
|
QUOTE(gark @ Nov 25 2014, 05:24 PM) Ya .. long leave. Next time take leave, please apply with us first.... Boon3 misbehave a lot when you were away... |
|
|
|
|
|
Nov 25 2014, 05:43 PM
|
|
Senior Member
6,356 posts Joined: Aug 2008
|
QUOTE(gark @ Nov 25 2014, 05:38 PM) Ya... I am waiting for more clearer results too. how come u confident indonesia will give contract Armada since there other player FPSOPetrol station growth will be more or less muted, not much growth potential here. Cooking gas ... there is still some growth. Future growth will be in lubricants... Now to see if they can turn the company around. Armada catalyst is waiting for Kraken and C7 FPSO project to complete, these will not contribute to bottom line until 2015-2016. Next will be the Madura-Husky project & Eni 15/06, although madura have lots of delay, but I am optimist because Indonesian government is really really pushing for natural gas capacity. Armada's other segment will take a big hit in revenue from its OSV and T&I revenue, but those has been more or less priced in. |
|
|
Nov 25 2014, 05:44 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(felixmask @ Nov 25 2014, 05:43 PM) how come u confident indonesia will give contract Armada since there other player FPSO Cause they won the tender already... just haven't sign the contract. It's either will be Armada or no one will get the contract (project cancelled).... Future FPSO contracts ... Armada Kraken - Contract signed, ship fabricating, will begin operations in early 2016 Armada Sterling II - Contract Signed, ship already reach destination, will begin operation in early 2015 Armada 15/06 - Contract signed, ship to start fabricate, will begin operation in late 2016 This post has been edited by gark: Nov 25 2014, 05:48 PM |
|
|
Nov 25 2014, 05:46 PM
|
|
Senior Member
6,356 posts Joined: Aug 2008
|
QUOTE(gark @ Nov 25 2014, 05:44 PM) Cause they won the tender already... just haven't sign the contract. news. link....AR report didnt see any special mention about this... It's either will be Armada or no one will get the contract (project cancelled).... |
|
|
Nov 25 2014, 05:50 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(felixmask @ Nov 25 2014, 05:46 PM) news. link....AR report didnt see any special mention about this... Husky already given Armada a LOI, which means letter of intent. This is more or less confirm they are selected for the project. Once contract signed, then armada will start to build the ship. If no contract signed, then the project is cancelled.» Click to show Spoiler - click again to hide... « This post has been edited by gark: Nov 25 2014, 05:51 PM |
|
|
Nov 25 2014, 06:10 PM
|
|
Senior Member
6,356 posts Joined: Aug 2008
|
QUOTE(gark @ Nov 25 2014, 05:50 PM) Husky already given Armada a LOI, which means letter of intent. This is more or less confirm they are selected for the project. Once contract signed, then armada will start to build the ship. If no contract signed, then the project is cancelled. I do agree JOWOKI need to find way since last week he announce to abolish petro subsidize.» Click to show Spoiler - click again to hide... « But still petrol is price control by market except Indonesia Oil able to drill the oil less than USD40 per barrel. Armada revenue rm1695.5 million TYD 2014; a big jump but their revenue Attached File(s) 
bumi_armada_q3_2014.pdf ( 3.06mb )
Number of downloads: 2 |
|
|
Nov 25 2014, 06:22 PM
|
|
Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
|
QUOTE(felixmask @ Nov 25 2014, 06:10 PM) I do agree JOWOKI need to find way since last week he announce to abolish petro subsidize. We buy shares looking into the future... not the past. But still petrol is price control by market except Indonesia Oil able to drill the oil less than USD40 per barrel. Armada revenue rm1695.5 million TYD 2014; a big jump but their revenue The current problems with Armada now is clear for all to see.. the margin drop, the weak oil price, the high start up cost, high depreciation... etc etc, which is all eating into their profits. Armada can be said is biting more than it can chew, it is previously unthinkable for a FPSO company to start 3 FPSO project concurrently much less 4 if they do get the Madura project. This is because each of those vessel is going to cost them USD 1 bil ++ each and it will be a 3-4 years before the profits come.... Mind you, Armada is a very aggressive company, during IPO it has only 2 FPSO, now it has 5 FPSO and 3 more under construction.. all in the span of few years.  But what you need to focus on is the future IF they can pull it off successfully. » Click to show Spoiler - click again to hide... « This post has been edited by gark: Nov 25 2014, 06:27 PM |
|
|
Nov 25 2014, 06:28 PM
|
|
Senior Member
6,356 posts Joined: Aug 2008
|
QUOTE(gark @ Nov 25 2014, 06:22 PM) We buy shares looking into the future... not the past. gambling...IF The current problems with Armada now is clear for all to see.. the margin drop, the weak oil price, the high start up cost, high depreciation... etc etc, which is all eating into their profits. Armada can be said is biting more than it can chew, it is previously unthinkable for a FPSO company to start 3 FPSO project concurrently much less 4 if they do get the Madura project. This is because each of those vessel is going to cost them USD 1 bil ++ each and it will be a 3-4 years before the profits come.... Mind you, Armada is a very aggressive company, during IPO it has only 2 FPSO, now it has 5 FPSO and 3 more under construction.. all in the span of few years. But what you need to focus on is the future IF they can pull it off successfully. when they sign you broadcast here more. Outlook Oil market bleding as investor is afraid and stay off oil and gas downstream. But when u buy let me know  i will keep track 3 month oil price before i drink OIL with u  |
|
Topic ClosedOptions
|
| Change to: |  0.0241sec
 0.31
 6 queries
 GZIP Disabled
Time is now: 6th December 2025 - 04:40 PM |
Quote