GEO, on the one hand, Armarda has a business that is potentially very big. On the other, the company constantly has to issue new shares in order to stay afloat, as far as working capital is concerned. Do you like this stock a lot? What do you see in it?
Hi Big Fish, i dont fall in love with any stock. But i do see potential in this business. Really depends how well the business is executed. Currently there are good developments, with the need to setup another line to cater for more demand from the increase usage from subscribers.
The support is at 0.015. My personnal opinion only, current price 0.017 is not far from this low support of 0.015 and there limited downside in the drop of price and more upside available if business goes well.
Maybe the satellite communications business has potential. Need to stay tuned to the developments. However, for now, the existing core business of Armarda is rubbish.
:ohmy:
"Following a preliminary assessment, the Board of Directors of Armarda Group Limited (the “Group”) would like to advise that the Group expects to remain loss making and report a loss for the first quarter of FY2014 ended 30 June 2013. The loss is mainly attributed by low revenue."
I agree the existing core IT business is loss making and unattractive. From the acqusition of CMSCG to the start of the mobile satellite service took quite a long time. They launched their mobile satellite service and sale of 1349 mobile satellite SIM cards in early may 2013 as stated in nextinsight posting.
Potential investors should track closely the demand for dual mode satellite handsets in China and see if AC Nielson stated big demand is true or not.
As of 27 June 2013 shareholders' Information, Mr Koh Wee Meng has 105 million shares (3.24%) of armarda.
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