BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.05

Today's Change

-0.005 (9.09%)

Day's Change

0.05 - 0.055

Trading Volume

2,803,300


20 people like this.

16,354 comment(s). Last comment by mf 5 days ago

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

Posted by Chun Loke Low > 2019-05-24 15:19 | Report Abuse

Hai lat mou 0.045 cleared. Now buy order 0.04 got 33m shares demand

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 15:21 | Report Abuse

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.

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 15:23 | Report Abuse

Chub Loke Low You mean CEO still Hold 33M share ?

Posted by Chun Loke Low > 2019-05-24 15:25 | Report Abuse

No, I meant there is 330k (33m shares) buy order queuing.

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 15:26 | Report Abuse

Ah okok Chun Loke Low! Good luck...

Posted by Chun Loke Low > 2019-05-24 15:27 | Report Abuse

Nooo, not I queuing. Somebody in the market is queuing.

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 15:28 | Report Abuse

Yep I saw it...

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 15:30 | Report Abuse

0.02 than what to do the thing is topup

Posted by Chunkit Yip > 2019-05-24 15:35 | Report Abuse

等一下最后一个小时,又很多青色,卖空的今天拿不到什么好处。大量卖的不一定是nik,有人大量高买低卖。

Posted by pepsicola1012 > 2019-05-24 15:42 | Report Abuse

actually high volume of buying , even just now got transaction made .... is it @kianweng curi-curi tambah ? kakaka

Posted by Chunkit Yip > 2019-05-24 15:42 | Report Abuse

QR没有人比nik清楚,很多人怕他没卖完,其实他如果已经解决他的margin call呢,那他留着这麽多股份干什么。难道没有解决留到现在才lelong。当局者迷...看看nik还有多少股份,这不是最有力的证明,nik的股份不一定要被margin call卖完的噢。

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 15:44 | Report Abuse

wait get salary than topup la aleast topup RM20K

Posted by Chunkit Yip > 2019-05-24 15:45 | Report Abuse

你们注意一下,卖家有一点卡住的感觉。他们想把股价卖空下去,但是吗...自己去研究研究交易记录。今天应该收4.5 或 5.0。

siaoliao

917 posts

Posted by siaoliao > 2019-05-24 15:46 | Report Abuse

better dont sailang , if no inside news just few K enuf, other see luck liao , HEAVY PUNTER

Posted by pepsicola1012 > 2019-05-24 15:47 | Report Abuse

@chunkit , 你的手上持有这个股吗?

Posted by Chunkit Yip > 2019-05-24 15:56 | Report Abuse

有,不少。不会比kian weng 少

Posted by Chunkit Yip > 2019-05-24 16:06 | Report Abuse

等着吧,快4点了。看看有多少青色出现,这些就是一直叫你们卖的人。Q R我觉得不会影响太大,都pn了,还在乎QR好不好,白武士真的存在的话,Q R也已经在他可以接受范围,你们是等,他早知道了,对不对。

Posted by Chunkit Yip > 2019-05-24 16:17 | Report Abuse

又是星期五,不懂会有什么消息吗,31号可能性比较大

Joslang

76 posts

Posted by Joslang > 2019-05-24 16:36 | Report Abuse

佩服你们的勇气。。仙股很可能永不翻身

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 16:37 | Report Abuse

This CEO waiting people top up. Than he will sell his share.

taloha

206 posts

Posted by taloha > 2019-05-24 16:44 | Report Abuse

bursa is always here, don’t all-in at one counter.

Posted by Chunkit Yip > 2019-05-24 16:45 | Report Abuse

Wen dong,is this any info nik must sold out all his share because margin call? If not,means he kept his share until pn,why?just think about it.

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 16:49 | Report Abuse

Chunkit sorry so complicated I don’t know why. Can you give me some tips? :-)

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 16:51 | Report Abuse

0.04

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 16:51 | Report Abuse

60% paper lose

wendyuong

2,126 posts

Posted by wendyuong > 2019-05-24 16:53 | Report Abuse

Monday open another boom...

Posted by Chunkit Yip > 2019-05-24 16:59 | Report Abuse

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

Posted by pepsicola1012 > 2019-05-24 17:03 | Report Abuse

一手来一手去,你是说咸蛋有可能知道内幕有机会翻身,要不然知道公司要 delist 干嘛手上还要抓着股票不放等着一起死。。。吗? @chunkit

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 17:06 | Report Abuse

还咸蛋 今天业绩出来 拜一就是时候 扫货

Posted by pepsicola1012 > 2019-05-24 17:09 | Report Abuse

nik hamdan , 不是咸蛋吗? 啊哈哈 @kianweng

Posted by thomas_dennis > 2019-05-24 17:09 | Report Abuse

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.

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 17:11 | Report Abuse

咸蛋 还是 咸鱼 很快就知道了 剩下最后一个坏消息 QR 过了就是飞机要飞了 好消息接踵而来

kianweng123

2,690 posts

Posted by kianweng123 > 2019-05-24 17:11 | Report Abuse

应该今天会出QR

Posted by thomas_dennis > 2019-05-24 17:12 | Report Abuse

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.

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-05-24 17:15 | Report Abuse

liability is higher than asset, even if sell all asset still cannot pay debt

this is the reality barakah facing

Posted by christine123 > 2019-05-24 17:40 | Report Abuse

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.

Wuzy

1,579 posts

Posted by Wuzy > 2019-05-24 18:36 | Report Abuse

w00t, my prediction hit again, 4 cents penny stock

Wuzy

1,579 posts

Posted by Wuzy > 2019-05-24 18:39 | Report Abuse

白武士在哪里,快点inject 钱救救巴拉卡。

zakryfaa

124 posts

Posted by zakryfaa > 2019-05-24 19:29 | Report Abuse

at this price makes someone lost hope. this is what somebody want

zakryfaa

124 posts

Posted by zakryfaa > 2019-05-24 19:42 | Report Abuse

someone keep on buying

Chan Cy

318 posts

Posted by Chan Cy > 2019-05-24 20:10 | Report Abuse

of course someone buying, we r the one , goreng kaki

Bug62

289 posts

Posted by Bug62 > 2019-05-24 22:32 | Report Abuse

RM 22k in. Now i wait and see.

Mabel

24,096 posts

Posted by Mabel > 2019-05-24 22:42 | Report Abuse

Buying, Selling or Hold in a Share are very-very personal decisions ...

Trust your instinct...there's no such things as who is right or wrong...

You decide what is best for you. You make that call!

Mabel

24,096 posts

Posted by Mabel > 2019-05-25 05:22 | Report Abuse

@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..

God Speed everyone

Let's listen more and hope for the best!

Posted by Chun Loke Low > 2019-05-25 07:28 | Report Abuse

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?

Mabel

24,096 posts

Posted by Mabel > 2019-05-25 07:55 | Report Abuse

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.

saltedfish

3,282 posts

Posted by saltedfish > 2019-05-25 08:14 | Report Abuse

Price to enter 0.03. Buying for the potential of fold-up and distribute remaining assets.

saltedfish

3,282 posts

Posted by saltedfish > 2019-05-25 08:16 | Report Abuse

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

Mabel

24,096 posts

Posted by Mabel > 2019-05-25 08:26 | Report Abuse

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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