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Equities / Re: Spot KLCI Index
« Last post by king on April 19, 2018, 09:01:52 AM »



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Equities / Re: Spot KLCI Index
« Last post by king on April 19, 2018, 08:59:05 AM »



1889.09
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Commodities / Re: Spot Gold Price (Per Ounce)
« Last post by king on April 19, 2018, 05:09:45 AM »



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Commodities / Re: Spot Brent Oil Price
« Last post by king on April 19, 2018, 05:09:22 AM »



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Global Markets / Re: DJIA Index Movements
« Last post by king on April 19, 2018, 05:07:30 AM »


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Global Markets / Re: S&P 500 Index Movements
« Last post by king on April 19, 2018, 05:07:04 AM »



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Equities / Re: Bumi Armada
« Last post by Teosh on April 18, 2018, 11:04:33 PM »
PublicInvest maintains neutral on Bumi Armada following 'Force Majeure' event

KUALA LUMPUR: PublicInvest Research said the negative newsflow for Bumi Armada Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

 does not affects its earnings estimates and valuations for the counter as it had already excluded the affected contributions.

The research house maintained its neutral call on the counter with an unchanged target price of 90 sen.

On Tuesday, Bumi Armada announced that its operations on the FPSO Armada Perdana is to be shut down due to a Force Majeure Event.

Furthermore, the crude oil produced and to be produced and stored in Armada Perdana has been seized in relation to certain legal proceedings, but of which Bumi is not party to.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Int_Business_Finance,Demo_Gender_Male_enr,Demo_Age_35to44_enr,Int_Automotive_Affluent,Demo_Age_55to64_enr,Int_Automotive,Int_Business_Finance_Investors,Int_Business_Finance_PersonalFinancing,all,Demo_Gender_Female_enr,Demo_AffluentAudience

According to PublicInvest Research, Bumi Armada's stand is that the Force Majeure declaration is wrongful under the Operational and Maintenance Services Contract, though it can also be argued
if that is applicable considering that operations have been suspended since June last year.

"Estimated financial impact of credit risk recovery to the results of the Group for the financial year ending 31 December 2018 is approximately RM30m.

"Most provisions (RM161m of receivables in 2015) and/or write-offs (in 2016) with regard to this particular FPSO have already been made in previous financial years, hence no material impact is expected should there be residual amounts."

https:// www. thestar.com.my /business/business-news/2018/04/18/publicinvest-maintains-neutral-on-bumi-armada-following-force-majeure-event/
98
Equities / Re: Bumi Armada
« Last post by Teosh on April 18, 2018, 05:55:49 PM »
so this is why it drop today  :(
Bumi Armada gets notice from Erin Petroleum seeking shutdown of its FPSO operations


KUALA LUMPUR (April 17): Bumi Armada’s unit has received a notice from Erin Petroleum Nigeria Ltd (EPNL) about an alleged “force majeure event” and a request for an orderly shutdown of the operations of Armada Perdana, a floating production storage and offloading (FPSO) unit belonging to the group.

The unit, Bumi Armada (Singapore) Pte Ltd (BASPL), has also received a notice of seizure of goods from a third party, stating that crude oil product to be produced and to be stored on Armada Perdana has been seized or attached by a writ of attachment issued by a court in Lagos, Nigeria.

This is in relation to legal proceedings of which the Bumi Armada group is not a party, Bumi Armada said in a filing to Bursa Malaysia.

“The company had sought clarifications from EPNL on such notice of seizure/attachment of goods but EPNL has not responded to the company despite numerous reminders,” added the group. 

Bumi Armada said it is of the view that the force majeure declaration by EPNL is wrongful under the operational and maintenance services contract and the group is reviewing its legal options, including commencement of legal proceedings, against EPNL.

It added that the estimated financial impact of credit risk recovery for the group to the results for the financial year ending December 31, 2018 is about RM30 million.

Bumi Armada also maintained that the suspension of provision of services under the bareboat charterparty contract and operational and maintenance services contract remains in place.

In addition, it said EPNL is not relieved from its obligation to make full payment of all payments due to BASPL under the contract.

Since last June, Bumi Armada has suspended operations on Armada Perdana due to delayed payments from EPNL.

Shares in Bumi Armada fell 1.5 sen or 1.63% to 90.5 sen today, for a market capitalisation of RM5.31 billion.

99
Equities / Re: DR KIM NEXGRAM IN DEEP S+H+I+T NOW! LOSE MONEY!
« Last post by DR KIM on April 18, 2018, 05:44:08 PM »


RUNNNNNNNNNNNNNNNNNNNNNNNNNNNN :sweat: :phew:


BE  GREEEEEEEEEEEEEEEEEDY    >> SURE  BIG  JACKPOT  WAITINGG :thumbsup: :cash: :cash: :cash: ;) :)

TP  RM 1.00  :) 8)
100
Equities / Re: RUNNNNNNNNNNNNNNNNNNNNNNNNNN!!
« Last post by DR KIM on April 18, 2018, 05:42:13 PM »
All got big hutang, developers also got mani properties unsold. Our gaji low etc. How to survive ?

ARGGHHHHHHHHHHHHHHHHHH :phew: :sweat: :headbang:

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