The dispute between Barakah and Petronas exec & former exec had been withdrawn from court.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.
(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?
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?
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.
Price 6 cents Possible a 10 for 1 capital reduction. Based on retained earning -150 million.borrowing and need to paid 140-160 million. 31/7/2023 9 pm.
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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
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These shoes look super. Thank you for posting. Recommended for barakah shareholders who cannot buy originals in light of dismal performace of this counter ?
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I have been considering watches, yet I think that a coin is a better store of value. Though you cannot wear or display a coin. Do you recomend them for Barakah shareholders specifically ? Earnings are poor and nobody here makes money.
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EvoDeer
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Posted by EvoDeer > 2023-04-11 09:37 | Report Abuse
Up up to the SKY.......bought 5 c,,,,yesterday. 10 cent go go