QUOTE(contestchris @ Aug 7 2017, 08:26 PM)
Walao weh. Armada to me is a sure 20% bet by year's end.
- All four of their new projects have achieved first oil
- Successful turnaround to profitability in Q1 2017
- Q1 2017 they also managed to have a current ratio above 1
- Q1 2017 only 80% of bareboat charter for Olombendo recognized (beginning Feb 8). In subsequent quarters revenue for the full quarter + 100% of BBC (roughly RM230mil per quarter)
- Q3 2017 80% BBC for Armada Kraken will be recognized
- Q3 2017 they will receive payments from CNOOC for Armada Sterling III
- Bottoming out of the OSV sector
- Sale of non-core/written-down assets
We're looking at RM650mil revenue per quarter by Q1 2018 once everything is contributing 100% of BBC (Kraken, Olombendo, and Sterling 3). As you can already see, with just partial contribution from only Olombendo, Bumi Armada already recorded a revenue of RM400mil in Q1 2017.
Anyway, I've done my research on this stock. I bought earlier at RM0.605 and RM0.63. So now it will be my third time in (averaging up). I'm very confident in a 20-30% gain by year's end from the current levels.
Last time someone here also said very convincing for Parkson at great details like how you put it.
Stocks without earnings are liabilities to investors. All you said are plans or forecast only, those are the things analyst like to use.
I don't know how you invest, for it to lose 1.3 billion in a single quarter is probably earn itself the worse company ever in Bursa history mind you, in other country it would have been bankrupt long ago already.
If the management is good, the number will speak for itself. If the numbers are bad, then it's the job of the ANALyst to sing the tunes of hope for gullible investor.