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Overview
Financial HighlightHeadlines
Business Background Barakah Offshore Petroleum Bhd is a Malaysia-based investment holding company. It is involved in the oil and gas industry in Malaysia. The company, through its subsidiary, is engaged in providing and carrying out onshore and offshore contracting works, such as pipeline pre-commissioning, commissioning and de-commissioning, pipeline installation, fabrication, hook-up, topside maintenance and other related activities. It offers various services, including pipeline services, offshore transportation and installation works, hook-up and commissioning, onshore construction, underwater services and chartering of marine vessels and equipment.
20 people like this. AlexChiaWS The dispute between Barakah and Petronas exec & former exec had been withdrawn from court. (todays announcement). Possibly it had settled outside. Hopefully Barakah gain some benefits during the settlement negotiation. 08/05/2023 11:35 PM CubaTryTest Suspension uplifted, petronas license renewed... next... jeng3... rumors 24/05/2023 10:22 AM moonslayer274 (ii) To undertake a proposed shares consolidation of existing 10 Barakah Shares into 1 consolidated Barakah Share (“Consolidated Share”) (“Proposed Share Consolidation”); (iii) Pursuant to the Proposed Share Consolidation, the Proposed Shares Issuance shall entail the subscription by Mr Zainal or his nominee for 5,000,000 Subscription Shares at RM0.20 each; If the above is the case, the current share now is only worth 2 sen? 26/05/2023 9:39 AM moonslayer274 20 sen mother share, 4 rights issue at 10 sen each. Ex price: 12 sen. Warrant 2 lots free conversion price 20 sen. So warrant is 1 sen or nothing. Can someone enlighten what this Barakah is trying to do? 26/05/2023 10:50 AM moonslayer274 Normally, the PN17 up-lift is an announcement to expect positive movements, but for this Co, the status uplift is disaster, confirmed lose more than 100% of the money on consolidation. The appeasement and consolation is the so call rights shares and warrants .subscription. Better off either to just leave this Co to its whims and fancies or re-look once the new issuance is listed. 29/05/2023 1:47 PM CubaTryTest Petronas license renewed.... next new contract then PN17 upliftment soon... come2.. 27/06/2023 10:02 AM CubaTryTest Barakah unit receives extension for pan-Malaysia MCM contract:: https://theedgemalaysia.com/node/675231 18/07/2023 3:13 PM sirdukes That is not new contract. Just an extension with no RM value unless there is job provided. 21/07/2023 8:27 AM Saifuddin Mohmad Fuzi Need to re-formulate regularisation plan..... Long way to go.. or going under.... 31/10/2023 10:02 AM ryanrobbie Make your life easier by using our smart map. You don't need to remember complicated routes or complicated directions anymore https://mapquest-drivingdirections.io 17/11/2023 4:09 PM Dehcomic01 From a ROE perspective, except for 2023, Barakah ROE was lower than those for my 2 reference Bursa energy services companies – Dayang and Deleum. The only except was for 2023 where Barakah posted a 40% ROE. This seemed like a turnaround after the negative ROE of 177 % in 2022. https://i.postimg.cc/FzgHw3Jz/Barakah.png But when I dug deeper, this positive 40% was because it had an after-tax loss of RM 4 million divided by a negative equity. It was a positive 40% due to arithmetic. Moral of story – when numbers look funny, you better dig deeper 09/12/2023 7:27 AM youarewelcome88 Lelong as a scrap or what? What future holds for Barakah post-L101? Can anyone kindly enlighten the situation. 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Hopefully Enquest will have to pay full amount that court had decided. 02/06/2024 3:48 PM webasha5242 Thanks for sharing this excellent information. It’s a very interesting topic, and I found it extremely helpful. Your article is well-written and informative, and I believe it will be beneficial for other readers as well. Visit: https://www.webasha.com/courses/google-cloud-training-delhi 17/06/2024 7:02 PM Robert Waters Update on the efforts to sell the elephant. Get info about the conditions of a white elephant barge ... https://online.publuu.com/555600/1248833 20/06/2024 1:09 PM bluebiznet nampak mcm wayang pushing up for big fish to run. last chance to run before things go really really bad, sold all! dpt balik sikit better than kosong 0 nanti.... 25/06/2024 9:26 AM bluebiznet since when i3vestor became a place flooded with those rubbish advertisement? 25/06/2024 10:16 AM Kotaro When is arbitration result between Barakah and Enquest will come out? Hopefully Enquest will have to pay full amount that court had decided. 25/06/2024 9:13 PM Robert Waters There is no court case, only arbitration. And once this fails to reach an agreement, Enquest can drag it through the courts for years. Barakah will be long wound up by creditors before trial or appeal is set. Company may not survive for long enough to benefit from it. 27/06/2024 2:37 PM Robert Waters Looks like syndicate will finish the job on this counter soon. Big fish are still around here, but not biting any more. White Elephant Barge NOT sold. Deleum, Icon and Sapura Energy, similar counters are down. Only small fish still trying this one. But you can see the shark circling for more fish to come before feeding. Today buy volume decreased from 9 to 3 million. 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