Barakah has officially divorced Lecca... Looking for a new suitor. I find this interesting...

@Mabel... Well deserving karma... A good deed deserves another. Well done...

@Happy3933... Yes, we have to continue dreaming Ha.. Ha. Have a wonderful weekend with your family too. Cheers

@Happy3933... The decision to recommend a Buy at that period of time may not be totally wrong... I personally find the Letter of Suspension by Petronas changed the whole landscape drastically. It is the worst kept secret of the market. The announcement totally shocked me. The subsequent measures taken have convinced me that it was a irresponsible act against Barakah. Damage have already been done as reflected in the market price. For the reasons above, I will not fault the buying recommendation made at that period of time. I always find the share market to be a tough place to be in... Hopefully we can smile next week. Seeing renewed buying interest. Cheers

@RICH MAN... You are not only a rich man but actually a humourous man...

@Mabel... Good that you believe in your instinct. You now have many turnaround companies. Midas touch, you are.

@Mabel... You were right about Armada. Its going to break the 40 sen level...and higher. They taught the shorties expensive lesson. Cheers

@limkopi... Barakah is not a restricted stock. Maybe due to other reasons.

@Mabel... Is something cooking?

@limkopi...Cash purchase! That's bad news

@Mabel... Ha ha.. Was trying at 2.5 sen. No luck, perhaps

@Happy3933... Cheers to you

@Mabel... Feels good after reading your post. I find using the word Rubbish is strong & crude. I am all for healthy exchange of opinions. Cheers

I will only buy Netx at 0.005 sen... It's expensive even at 1.5 sen. Cheers

@Happy3933... No total loss lah. Just another bad dream... Ha ha. Cheers

@annmix...I fully agree with you. Expecting another empty budget announcement...

@Happy3933... Let me guess. Is it a Bentley? That's a sweet dream.. Ha ha. Cheers

@Cnlim...Barakah at this level is opportunity, to me. We all go through bad times in life...Cheers

@Mabel... What a dream come true reading the out of court settlement... Ha ha. Cheers

@Mabel... I still believe the fastest way out for Barakah is through the one who put them in the mess in the first place... Petronas. Its going to be a wasteful $1 billion if Petronas decides to challenge the lawsuits. Out of court settlement is the better and cheaper option for Petronas. With the writ of summons already issued, I forsee settlement not too far a distance ... Keeping fingers crossed though. Cheers

@Mabel... It is an endorsement for Serba with EPF & KWAP coming on board. Switching their portfolio from Sapura...

@Mabel... Serba's CEO bought Powernet today. Hopefully he's on a buying spree...

@Happy3933... If that dog is a Belgium Shepherd... no play, play lo. Have not read anything on Petronas's replies yet. My 2 sen opinion says Petronas has limited chance of winning. Need to buy more Barakah shares... Cheers

The Suspension letter have also caused its owner financial distress... He has less than 7% shareholding by now. I hope Nik will take legal recourse against Petronas for having caused him untold damages...

Another lawsuit....this time against Petronas Gas $179.84 millions. I am keen to see how Petronas is going to defend its charge of Non-performance against Barakah in the court of law. Barakah on the other end has counter sued Petronas for having caused irreparable damages to its business operations and reputation by issuing public letter of complaints to other foreign oil companies. Petronas has to justify its actions knowing very well such public reprimand will destroy Barakah. Failure to defend this suit will make Barakah richer by $1 billion....

@Chun...Ha ha.. It's fiction for now. Cheers

I believe Petronas have come to realise the negative implications in issuing the Letter of Suspension. It has virtually destroyed a PLC. What should have been done, in my opinion is just blacklist them internally. Meaning... let them bid for projects but don't award them any during the period. This manner, Barakah can still seek business opportunities elsewhere. So, Mabel... it's Plan A. An amicable solutions to both parties. Cheers

@Mabel... the other question is the recent resignation of Petronas senior VP Upstream... Could it be related to Barakah's suspension? If it is, then I feel it is good news for Barakah. Perhaps, another food for thought. Cheers

@Happy3933... I really admire your free-flowing spirit. I will be very happy for you in your achievements. Cheers to you

EGM coming... the heart is still beating. Getting a discharge from ICU soon....

@Happy3933... I don't dare dream a Rolls Royce Phantom... maybe a Proton Persona will do. Cheers

@pamie... Just like us going through rough patch in life, is the same way I feel for Barakah. Its struggling to stay afloat currently. They have many friends out there who will extend their hands to them. In short... No de-listing in sight.. Ha ha & Cheers

@pamie... I believe you meant me. There are a few factors that made me believe what was written. Its a bargain to acquire an O&G outfit at the current market price. The other being Barakah is a Bumiputera-run company. It's executives are actively running the company. They are hands-on managers which I find them positive. The reason why they are currently in this distress state is because of the purchase of K Laksamana 101 which they bought brand new and they took delivery of it in 2012. The world crude oil collapsed in 2014. Its distress state is not due to mis-management but turn of economic cycles. It is for that reason Barakah should be a good takeover target. To me, Serba has the financial muscles and synergies to turn Barakah around. Whether the argument is valid... well, I can only say time will tell. Cheers

Ever since Dr M broke up the Finance Ministry into 2...it has become HEADLESS. Clueless to what need to be done to revive the economy. Its reflected in the share market...

@pamie...I was actually hoping the technical rebound to happen but did not. Its been a while since Barakah last smile... Cheers

Let's see if there's something to cheer for... the next 2 trading hours.

It's heartening to see the buying volume exceeding the selling volume after a long while. I think we should thanked Loke Low for his buying... Cheers

@Happy3933... Aiyooyoo.. Another Rolls Royce on the way. Banyak bagus lo...

Ha ha... All the best in your buying

Yes... perfect observation @Mabel. I notice that too. Armada has replaced Sapura as a favourite stocks for shorting. Shorts are for big boys. I stay away from such counter

I always find IB works in a weird way. In a weak market it is always prudent to sell in smaller manageable volume. Wholesale selling by the IB will not do justice to the margin account holders, and the market in general.

@Mabel... You are great company. I intend to buy a little bit more later. Your 'hint' makes good sense...

@Happy3933... it's actually to bring my average costs to 2.5 sen.. Ha ha

Ha ha....sikit-sikit saja. I feel retail buying is gaining momentum. Not much impact though.

Just bought some...

I must also add that Serba will not comment on private dealings of its directors or major shareholders. The individual himself will make the announcement. Expect lots of smokes but see no fire. Or in other words... Haze. Ha ha

@Mabel... What you're saying about Serba's CEO makes good sense. He will be buying into Barakah in his personal capacity, initially. I would expect him to buy at least 5% shareholding. Being a substantial shareholder is important for it shows his seriousness. He will then declare his interest in Barakah. Once in, he, together with Nik will guide Barakah out of the challenges. The Board of Serba will only come on board at a later stage. It is less restrictive to guide Barakah out of its challenges in his personal capacity. The problems with Petronas are not cast in stone. Polite diplomacy is all that is require. Serba and Barakah are perfect match. I am really encouraged now... Thanks Mabel

@Happy3933... We are in the same boat... Oops, car actually. I am also still learning about the share market... Cheers

@Happy3933... I enjoy your spirit flowing. Hopefully Barakah is a dream come true...

@Mabel.... Shahril make way to PNB & OMV so that Sapura can lives.... on. I would expect Nik to do the same. Barakah is too dear to him.