Thank you for you advice! die die also keep. I’m not trader I’m a long time investment. Is ok prepare to take risk. Since the first day I enter this counter.
Yes,nik need force sell his share to paid margin call,but the news mention already, don't know how much his need to sold. If he settle his debts already,and still kept his share.why?if barakah will delist soon and no white knight,why he not sold out all. Actually when you see someone sold out big volume,you think this guy must nik, actually may be someone take opportunity to sell high and buy low
oil price going dwn as well impacting the share price, humble opinion stop relying too much on white knight appearance, back thn samling came up as 3rd largest shareholder aka white knight, but nw edi running away. Unless com start showing profit in their QR results, dun think will have any gud news impact in short term. Been buying this stock at 36 cents and selling at 22 cents, definitely knw and feel the pain of cutting loss.
plus investors not tat stupid, who wants to invest in a losing money com, unless they got too much money to burnt off. Unless com able to show their pln to restructure com's debt and turn-around toprofit, dun think white knight cn so easily come in.
Barakah Offshore Petroleum Bhd is seeing selling pressure that its subsidiary had defaulted on its loan payments. The stock was down 1.5 sen or 21.43% to 5.5 sen on the back of 13.84 million shares done. I think that it is in the midst of finalizing a comprehensive plan, which may include restructuring all its banking facilities. It would endeavor to continue its other remaining business operations notwithstanding the default and will engage with the lenders and suppliers for their continuous support.
@Chunkit Yip If hold,just wait for good news out,bad news is out already, 1 white knight come out 2 new contract from min sheng 3 get contract from Arab with Allianze 4 75 creditor agree with restructure plan But at least take 6 month
There are so many good remarks and comments from the team. However the above is my key take away from all these discussions.
I agree and thank you SuperPanda for your advices and I'm in line with your thoughts. However for Barakah, I'm willing to wait given the above considerations. 6 months window is not too much to ask given the potential order bookings in Barakah pipelines.
The biggest concern is still this Trump's factor with China. This is something we cannot control. However Brent is still above USD 60. That's the balancing part.
That's why I said it's really a personal decision that everyone has to take. There's no right or wrong. It's purely dependent on individual risk adversity.
Remember we are dealing here with a potential turnaround company. Hence as the saying goes... No pain No gain..
Actually will the oil price affect Barakah? I thought Barakah's services are "pipeline pre-commissioning, commissioning and de-commissioning, pipeline installation, fabrication, hook-up, topside maintenance and other related activities".
I'm not exactly sure what are these but I don't think it has anything to do with oil price right?
It does. That's what will eventually pay the bills.
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.
It is a very long process that may take at least 5 years, but at $0.03 it is worth the wait. And make sure buy big volume in the multiple million of shares
Noted. That's could probably the worst case scenario. Sumatec despite no business for the last two quarters still has not folded
Business outlook is more positive premised on the following factors. • Pipe-lay barge Kota Laksamana 101 is currently on hire offshore Terengganu as accommodation vessel for the MCM contract. This is an encouraging development following more than 2.5 years of no utilisation for the vessel. • Order book balance of RM1.36 billion provides revenue visibility to 2023. • Currently bidding for new projects with total estimated value of RM1.3 billion. Active participation in pre-qualification for potential future projects bidding.
If you look at the price trends over the last 52 weeks, it ranges between 0.04 - 0.24. I think Thomas has faced this earlier when he bought at 0.36. I believe 0.04 could be the lowest. 0.03 is very safe. The question is can you get at that price? So again, a question of willing sellers, willing buyers. Everything depends on the sentiments..if the sentiment is continual panic, sure you can get.
This week or you can say this month is a very weak week. I'm anticipating a more promising scenario from Q3 onwards..
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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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2019-05-24 15:18 | Report Abuse
always set your limit when trade, better loss small than loss big