Posted by HrryPttr > Apr 15, 2021 2:04 AM | Report Abuse

PP to pay salary is good? Mainly use for working capital

Posted by JK22 > Apr 15, 2021 6:32 AM | Report Abuse

Good because someone will come In rescue and will out from PN17. and it is better than RI

Posted by JK22 > Apr 15, 2021 6:33 AM | Report Abuse

Will PP go thru also mean, there is still value

Posted by anaktodak > Apr 15, 2021 8:18 AM | Report Abuse

could price go down before the PP? any possiblity..

Posted by HrryPttr > Apr 15, 2021 1:47 PM | Report Abuse

@JK22 Thanks

Posted by JK22 > Apr 15, 2021 2:31 PM | Report Abuse

Not a buy call, judge yourself . PN17 Risk is still there . PP not done yet and investor not identified yet.

Posted by kabukiman > Apr 15, 2021 5:38 PM | Report Abuse

pp is quicker, cheaper, less hassle. what dilution to talk about considering the financial situation? and yes, as per taloha: the breathing space afforded from the cashflow is more important - surviving means able to pay shareholders later

Posted by sirdukes > Apr 16, 2021 8:55 AM | Report Abuse

How to purchase PP?

Posted by BigWhiteSand > Apr 17, 2021 10:13 PM | Report Abuse

Taloha, you mentioned Serbadk. Any insider news? Would be great if it’s them taking part of the PP.

Posted by kabukiman > Apr 19, 2021 2:38 PM | Report Abuse

serious ahh serba coming on board for barakah?? limit up lah laik dat

Posted by HrryPttr > Apr 20, 2021 1:35 AM | Report Abuse

IYD (In your dream)

Posted by SNAS > Apr 20, 2021 8:01 AM | Report Abuse

“All our dreams can come true, if we have the courage to pursue them.”—Walt Disney.

It is not wrong to dream. Sometimes a dream can become a reality. Pray for the best for all.

Posted by sirdukes > Apr 20, 2021 9:15 AM | Report Abuse

SD is not coming

Posted by humble1102 > Apr 20, 2021 5:07 PM | Report Abuse

The regulatory plan will be submitted next week, see you at 0.15.

Posted by kenul80 > Apr 21, 2021 9:49 PM | Report Abuse

Reference is made to the earlier announcements in relation to the Proposed Private Placement dated 14 April 2021 and 15 April 2021.



On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 21 April 2021, approved the listing and quotation of up to 167,157,000 Placement Shares to be issued pursuant to the Proposed Private Placement.



The approval by Bursa Securities for the above is subject to the following conditions:-



(i) Barakah and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;



(ii) Barakah and Mercury Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement;



(iii) Barakah is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and



(iv) Mercury Securities is required to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement.



This announcement is dated 21 April 2021.

Posted by kenul80 > Apr 21, 2021 10:02 PM | Report Abuse

PP mean not open for Public is it? Anyone can explain also how it can affected current shareholders?

Posted by kabukiman > Apr 22, 2021 8:47 AM | Report Abuse

@kenul80: barakah go around town selling the block of placement share. Company will meet with prospective buyers like JK22, HrryPttr or anaktodak and present the case why these prospective buyers should take up the placement block of shares.

impact to current shareholders: dilution.
capital base will get bigger by the amount of new shares to be issued under this placement exercise.


but consider this:
1. Dilution: what dilution you want to talk about to existing shareholders when the company is loss making? current shareholders not getting anything anyways... so why bother?

2. Dilution (sharing) of future proffits/dividend: Yes. but without the capital injection under the private placement, current shareholders is not going to get "future profits" anyways because the company is going down the longkang.

so its only fair the new shareholders share on the "future profits".

Posted by kenul80 > Apr 22, 2021 8:52 AM | Report Abuse

Thanks @kabukiman for your clarification. At least I hv some idea what probably is going to be happen later.

Posted by HrryPttr > Apr 22, 2021 1:54 PM | Report Abuse

When tentatively Barakah will contact me?

Posted by Osman65 > Apr 27, 2021 5:24 AM | Report Abuse

The Board of Directors of Barakah wishes to inform that its wholly owned subsidiary PBJV Group Sdn. Bhd. (“PBJV”) has made an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for an approval of PBJV’s Proposed Debt Settlement as detailed in the Explanatory Statement dated 19 February 2021 and the Court had on 26 April 2021 granted order thereof (“the Approval Order”).

Posted by Mike2626 > Apr 27, 2021 11:10 AM | Report Abuse

Means what? Share price still no up

Posted by kabukiman > Apr 28, 2021 8:23 AM | Report Abuse

mean nothing. not until barakah go see hrrypttr to place out the 167 million shares


*lol

Posted by Looiks > Apr 28, 2021 3:07 PM | Report Abuse

hehehe....

Posted by humble1102 > Apr 29, 2021 9:36 PM | Report Abuse

The Board of Directors of Barakah wishes to inform that its wholly owned subsidiary PBJV Group Sdn. Bhd. (“PBJV”) has made an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for an approval of PBJV’s Proposed Debt Settlement as detailed in the Explanatory Statement dated 19 February 2021 and the Court had on 26 April 2021 granted order thereof (“the Approval Order”).

 

An office copy of the Approval Order shall be lodged with the Registrar of the Companies Commission of Malaysia within 7 days of issuance of the sealed order whereupon the Proposed Debt Settlement shall be binding on PBJV and its scheme creditors.

Posted by HrryPttr > May 3, 2021 2:43 AM | Report Abuse

Will meet them on Thursday

Posted by kabukiman > May 3, 2021 8:35 AM | Report Abuse

@mike2626: ha you see... now we know friday up

*LOL

Posted by humble1102 > May 3, 2021 10:18 PM | Report Abuse

The Board wishes to inform that as the Proposed Debt Settlement has been approved by PBJV’s creditors and also the court (“Approved Scheme”), the default in payment of the loan facility to Export-Import Bank of Malaysia Berhad (“EXIM Bank”) has therefore been addressed under the Approved Scheme. The Company is in the midst of finalizing the legal documentation and making payments in accordance with the Approved Scheme to relevant creditors, including EXIM Bank.

Posted by SharpSpear > May 5, 2021 10:36 AM | Report Abuse

Seems like Barakah resistance at 11 cents is so hard to break.

Posted by kabukiman > May 5, 2021 2:43 PM | Report Abuse

@sharpspear: Wait la esok hrrypttr meeting barakah... then friday will felai2

*lol

Posted by SifuTangmonk > May 6, 2021 9:00 AM | Report Abuse

May 5): With the world in the midst of a commodities boom, some in the oil market are gearing up for US$100-a-barrel crude.

Traders now hold options to buy the equivalent of almost 20 million barrels of US$100 oil over three key months, their open interest nearly doubling in the past week.

While a rally back to triple digits is far from the consensus view, and the derivatives remain a hedge against a spike in prices, they’re also a reminder that few expect the rally in crude to peter out anytime soon.

“Some have likened them to ‘lottery tickets’,” brokerage Eagle Commodities said in a note to clients. “Cheap, unlikely to be in the money, but worth having should a bullish wave take over in the coming months.”

On Monday, Brent December US$100 calls traded 4,600 times, more than any other option on the global benchmark.

Still, each contract cost 30 cents a barrel, making the total cost of the trade about US$1.4 million. The calls would profit a buyer if prices rallied toward or hit the specified level.

There was additional trading of US$100 calls on Wednesday, this time as part of a strategy that involves buying US$90 calls and selling US$100 calls. Those contracts had changed hands 6,300 times as of 7:15am in New York.

The global benchmark — which last touched US$100 in September 2014 — is up more than 30% so far this year, and is trading near US$70 a barrel as the global economy gradually recovers from the pandemic.

Much of Wall Street is betting that crude will continue to strengthen over the summer, as travel picks up with the roll-out of vaccination programs.

Among those with bullish calls are Goldman Sachs Group Inc, which sees oil reaching US$80 in the third quarter and Citigroup Inc, which says demand may hit a record in the summer.

While most of the US$100 calls are for December this year, June 2022 and December next year, there are plenty of other bullish oil options bets out there. The most-held Brent contracts over the next 12 months combined are US$75 and US$80 calls, according to data compiled by Bloomberg.

Posted by SharpSpear > May 11, 2021 3:45 PM | Report Abuse

hrrpttr, did u managed to meet barakah? dropping