BUMI ARMADA IPO
Of the public issue, 564.4 million shares are for institutional investors while 79.8 million are for the public, Bumi Armada directors and employees at a retail price of RM3.15. （12.5% 给公众认购 = = 憎多粥少阿 不够分得)
Post-listing, Hassan said Ananda’s vehicle Usaha Tegas Sdn Bhd via Objektif Bersatu Sdn Bhd will own some 43% equity interest in the company from 54%.
About 10.24% of the enlarged paid-up capital of Bumi Armada will be held by cornerstone investors, which include Permodalan Nasional Bhd, Great Eastern Life Assurance Bhd, Hwang DBS Investment Management Bhd, Guoline Capital Ltd and Asia Fountain Investment Co Ltd.
At RM3.15, Bumi Armada is valued at a historical (FY10) price earnings ratio of about 18 times, which is in line with the industry average according to experts. (好货不便宜)
Hassan said with its large and modern OSV fleet, strong team and a business model that does not require the company to “dump prices” Bumi Armada has a strong competitive edge over its peers. (竞争优势)
Bumi Armada has a presence in Asia, Africa and Latin America. From 2008 to 2010, the company has seen an earnings before interest, tax, depreciation and amortisation (Ebitda) compound annual growth rate of over 53%. （高增长）
In FY10 ended December, it posted net profit of RM350.8 million on the back of RM1.24 billion revenue. About 84% of its revenue came from abroad. (不受国内因素影响 全球经营 缺点:美金相连)
KUALA LUMPUR: Main Market-bound Bumi Armada Bhd is tendering for six floating, production, storage and offloading (FSPO) jobs worth US$300 million (RM906 million) to US$500 million each, including one from Petroliam Nasional Bhd for its Vietnam venture.
CEO Hassan Basma said the company has an order book of RM5.8 billion as at June 1 with a potential contract sum of RM2.5 billion due to extension options at customers’ discretion.
He said the RM5.8 billion excludes revenues from its letter of award (LoA) with Apache Corp for the Armada Prima FPSO vessel and its second LoA with Oil and Natural Gas Corp Ltd (ONGC) for the D-1 Field (off the west coast of India) FPSO. (年度净利有望大幅增加 , 如果巴西的竞标成功的话将带来可观利润)
