If you decide to keep, better keep till restructuring done, management said need 6 months time settle. So if you believe management story, you should keep else.....
Thank you CY! Here;'s the translation for the rest of the team..
As long as the White Warrior announced, it is only a matter of time before leaving the pn. Because they already have white warriors, the time to get out of pn will be much shorter. Unlike other pn companies, pn started to look for it, I don’t know when to find it. Barakah has hundreds of millions of contracts, but it’s a loss.
If there are other new contracts, even if the white warriors give up now, there will be other white warriors appearing... they will go abroad to represent them in the matter of their current affairs..
After all, oil-related companies, most of the contracts are hundreds of millions, many pn companies have no business, there are several pn companies with hundreds of millions of contracts in hand. Even pn is still very promising. As long as you still have business in your hand, it doesn't matter, he will let you slowly return. It seems that ah Long, he would rather you slowly return, and do not want you to run.
I believe that the former White Warrior already knows the results of Q1, and he is willing to continue financing, which proves that the impact of Q1 will not be significant.
....personal point, the white warrior is also real money, so I hope to get a return soon. So he only gave barakah half a year. 5 points left on Tuesday Then the white warrior came out Creditors pass Foreign contract period Q4 profit starts Meet the departure from pn
Sapura and Velesto are High Speed Trains. Meanwhile Barakah is like an old locomotive and she uses lots of coal to burn fire to run engine while bringing loads of debt.
FYI those former two used to be an old locomotive too. That’s why Barakah is also currently undergoing the process of upgrading and transformation. She needs a white knight to finance this work. Once she has completed with these exercises she will be another High-Speed Train in the ECRL Corridors. All she needs is for her shareholders to be patience and believe in her. As long as oil price remains bullish she will be back on her way to full recovery.
Did you translate it right? He seriously mentioned Barakah has hundreds of million contracts? Haha where can I check this ah? Maybe I didn't pay enough attention but I only saw words like "collaboration" and "teaming up" , none mentioned the value of contracts though. Or maybe it is in the quarterly report? But still, I don't remember seeing it.
I agree with Wuzy. If I decide to keep. I have to wait for haft a year. See anything process in the future. Never mind I have time to wait for the management to prove his perform.
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.
Mabel I agree with you! Don’t sell when we get panick. I have been thinking a few days. That’s why I decided and keep. Isn’t I don’t want to cut lose. Its just something suspicious here...
As long you don't sell you don't lose anything. It's important we stay together avoid price free falls. I have seen it happen in Armada during the March fiasco..
Look at Armada today.. It's on the upwards trends..
When the price drop below buying price. It means the money is safe in our trading accn.Meaning we have saving untill price go up. Dont worry we actually buy it at cheap price. Soon or later will going up. Just keep it.
That's why financial literacy is important. Not all PN17 companies are classified under this category For the same reason. Lookout why it falls under PN17? any chances to get out of PN17? Future prospects?
Sure enough the price will fall this Tuesday, CONlanFIRM will. It's a matter of question whether the price can recover back bruhh. Having the confidence in its future prospect doesn't mean living in denial duhh
Don't sell on tuesday, if every one sell it will worsen the price, some vultures are waiting to pounce on this opportunity.just wait for a few days as they had ample times to restructure,
. Please take note that the GOOD NEWS came before PN17! Clearly meant there are HOPES moving forward. The HOPES may turn around anytime but give them sometime. It is a matter of whether you believe in them! The choice is yours! Good Luck!
I will still hold. Anyway this is just the 1st announcement for pn17. There is still hope and time for recovery. So why need to get panic.... They still have time to turn everything to be profitable
There are plenty of declared pn17 companies that are more worst than this company. Anyway this company announced they are in the recovery process... So just wait for 2 or 3 mnths. We at losses now. Cut loss we still need to loss so just wait and see how it will goes... Maybe that time we can take profit and exit this counter safely
tues ,clear others sector stocks,...full opportunity cost shift will try some,buying the Trend$ n timing of crude oil price surging there!!!......searched n just found same range price brothers scomies and icon,etc.....alreadu n almost clear out those weak mangements,we can TP above 60sen min,....agree?
First who is the white knight second get business from Minsheng third Vallianz expand to Middle East... So we will see after 3 months to 6 or 1 year...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chunkit Yip
384 posts
Posted by Chunkit Yip > 2019-05-19 07:50 | Report Abuse
新ceo也有提到,希望Q4能转亏为赢。
所有觉得barakah会去荷兰的人,我想问你们一个问题,如果公司正的不行了,你是公司股东是不是会多拖一阵,尽量把手上股票卖掉。