Agree with nicky.

Eventually RCULS will dilute Barakah mother shares. Nothing wrong to share about Barakah RCULS here to potential or existing investors

In fact, it gives more information to investors as it creates awareness. Freedom of posting belongs to anyone. It is how you assimilate the information that matters.

JCool, I don't want to argue with you. I am just stating facts.

Btw, if the company's future earnings prospects are good in the long run, should not be worried too much about dilution, as the "E" in the EPS will move in tandem or higher with the "S".

JCool's statement is if all of RCULS holders opt to convert instantly. In reality, that would not be that case that everyone will convert. If you believe in the company's future prospects, then conviction should be to buy or hold. If otherwise, sell would be better.

I feel won't be doomed. If Barakah secure Saudi contract, barakah mother would reflect upward. Besides, not everybody will convert to mother shares immediately, so no immediate dilution.

I feel the chances of redemption of Barakah LA by the company is close to zero, as a redemption would defeat the purpose of issuing the RCULS (Which was to restructure their existing loans which carry interest rates of 8.1% - As stated in the Abridged prospectus). A redemption would be detrimental to the company as:

1. It will cause immediate cash flow problem due to a huge one off repayment of capital by the company.

2. An increase in interest rates to the company as it would need to seek for external loan.

Without redemption, the company has absolutely nothing to lose as:

1. No one off huge cash outflow.
2. Lesser interest cost (A conversion from RCULS to the mother shares would further lower the interest cost).

Thus I feel it is not a huge risk to hold Barakah LA. The only risk of holding the RCULS is if the mother share price shreds, instead of the redemption.

Based on my obversation on i3, many people were worried that Barakah-LA (7251LA) could potentially be redeemed by Barakah Offshore Petroleum Berhad ("the Company") at 0.20 per Barakah LA.

Based on my research, I feel that the chances of redemption of Barakah LA ("RCULS") by the Company is minimal.

Referring to page 9 (Point 4) of the Abridged Prospectus of Barakah, the rationale for issuing the RCULS is to enable Barakah to partially re-finance its bank borrowings and referring to page 10 (Point 5), the current interest rate of the Company is 8.1% per annum, by issuing the RCULS, they would have RM1.9million in savings per annum.

As such, these are the reasons I feel it is highly unlikely (Almost zero percent chance) that the Company will redeem the RCULS:

1. If the Company dont redeem it, they can continue to pay 3.5% interest on RCULS (Prior to issuing, they are serving 8.1% interest per annum on existing loans), which is significantly below market loan interest.

2. If they dont redeem it, there will be no cash outflow to the Company

3. It is better to let the RCULS holders to convert to Barakah mother shares because by letting them do so:

- They will pay lesser interest on the RCULS due to conversion of RCULS to mother shares (but the amount of loan they already raised is the same). Meaning they will be paying even lesser interest on the RCULS.

- No cash outflow to the Company.

4. Their directors themself are also holding the RCULS, if they redeem it, they also will lose alot of money.

Based on my obversation on i3, many people were worried that Barakah-LA (7251LA) could potentially be redeemed by Barakah Offshore Petroleum Berhad ("the Company") at 0.20 per Barakah LA.

Based on my research, I feel that the chances of redemption of Barakah LA ("RCULS") by the Company is minimal.

Referring to page 9 (Point 4) of the Abridged Prospectus of Barakah, the rationale for issuing the RCULS is to enable Barakah to partially re-finance its bank borrowings and referring to page 10 (Point 5), the current interest rate of the Company is 8.1% per annum, by issuing the RCULS, they would have RM1.9million in savings per annum.

As such, these are the reasons I feel it is highly unlikely (Almost zero percent chance) that the Company will redeem the RCULS:

1. If the Company dont redeem it, they can continue to pay 3.5% interest on RCULS (Prior to issuing, they are serving 8.1% interest per annum on existing loans), which is significantly below market loan interest.

2. If they dont redeem it, there will be no cash outflow to the Company

3. It is better to let the RCULS holders to convert to Barakah mother shares because by letting them do so:

- They will pay lesser interest on the RCULS due to conversion of RCULS to mother shares (but the amount of loan they already raised is the same). Meaning they will be paying even lesser interest on the RCULS.

- No cash outflow to the Company.

4. Their directors themself are also holding the RCULS, if they redeem it, they also will lose alot of money.

A person who bought shares before ex dividend date (Before 5pm, 17 December 2013) will be entitled to the dividend. Shares will trade ex dividend (9am, 18 December 2013)

Based on announcements, Avago had, on the 12 August 2013, ceased to be a substantial shareholder of Inari by disposing 26 million shares. Information in Kenanga research report might contain some errors as it shows Avago still holds 8% of Inari. Appreciate inputs on this matter.

Can someone double check with Kenanga on whether Avago still hold shares in Inari? As per Kenanga's research report, it shows Avago still hold shares in Inari (Second last page). However, as per Inari's annual report (Page 96), it shows that Avago ceased to be a substantial shareholder of Inari subsequent to the financial year end.

Seems contradictory.