Posted by Mabel > 2019-05-25 08:28 | Report Abuse

Hopefully we can get more visibility when the Q1 Report is out..

Posted by Mabel > 2019-05-25 08:41 | Report Abuse

SINGAPORE: Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries.

Brent crude futures, the international benchmark for oil prices, were at $70.62 per barrel at 0109 GMT, down 37 cents, or 0.5 percent, from their last close.

"Large but opposing forces have kept Brent in a $70-$75 per barrel range in recent weeks," Morgan Stanley said in a note on oil markets published this week.

"On balance, however, we still see tightness in 2H19," Morgan Stanley said, adding it expected Brent to trade in the $75-$80 per barrel range in the second half of 2019.

Read more at https://www.thestar.com.my/business/business-news/2019/05/23/oil-price-loses-about-2-pct-on-swelling-us-stockpiles-demand-worries/#XjzyFYLz5XOCq4DL.99

Posted by Mabel > 2019-05-25 08:50 | Report Abuse

Another area which is important is Barakah Cash Flow.

We are looking at the following timeline based on this April report from the CEO:

Abdul Rahim expects the company to finalise its restructuring scheme by next month (May) and resolved its issues with creditors in the next two to three months.(July)

“We need to get at least 75% of creditors to support and approve the scheme for us to move forward. We are fairly confident that we can get that 75%,“ he added.

Abdul Rahim said with the completion of the restructuring scheme, Barakah would be cash flow positive at the project level and also its bottom line.

https://www.thesundaily.my/business/barakah-secures-white-knight-has-creditors-support-FK815997

Posted by Chun Loke Low > 2019-05-25 12:42 | Report Abuse

@Mabel so how will oil price affect Barakah? Hahahaha only downstream will be directly affected no?

Posted by Mabel > 2019-05-25 14:19 | Report Abuse

Upstream and downstream segments react differently to oil prices. For upstream, oil prices represent revenue, money coming in. The more you can get for each barrel of oil pulled out of the ground the better.

Conversely, oil is an expense for downstream refining and petrochemical operations. These downstream operators buy oil on the open market as feedstock for their processing operations, then hope to sell products to consumers with sufficient margin to cover expenses. When oil prices rise these downstream operators have to either raise prices or allow their profit margins to be squeezed.

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.

So which one do you think is Barakah? Upstream or downstream?

Posted by Newbiesky > 2019-05-25 15:02 | Report Abuse

servicing up stream?

Posted by Chun Loke Low > 2019-05-25 18:00 | Report Abuse

Transportation, pipeline services and etc don't fall under upstream and downstream wor isn't it? That's midstream? Hahahahha

They neither extract raw materials nor do they process it lol , am I right?

Posted by DasWack > 2019-05-25 18:29 | Report Abuse

I think it is still affected by the price because they depend on upstream's business, so if upstream have higher revenue they have more money to spend on servicing or/upgrading, ultimately it will benefit barakah

Posted by Chun Loke Low > 2019-05-25 18:41 | Report Abuse

I thought of that too but that's an assumption and very indirectly effect of oil prices.

Posted by DasWack > 2019-05-25 19:04 | Report Abuse

True , the impact is very minimal

Posted by Mabel > 2019-05-25 19:38 | Report Abuse

Great Guys

Now we have another upside with Barakah unlike any other energy counters

Bravo Chan and Daswack.!

Posted by InvestsucessTrader > 2019-05-25 19:57 | Report Abuse

I will be accumulating this stock at this cheap price,seems to be a very good bet,

Posted by zulmuiz > 2019-05-25 21:15 | Report Abuse

Just wait and see..sentiment market not good wheras further downside share price will accur before stabilized..then can jump into with confidence..good luck

Posted by Mabel > 2019-05-25 23:33 | Report Abuse

@ InvestsucessTrader I will be accumulating this stock at this cheap price,seems to be a very good bet,

Indeed bro...

No need to think so hard. All the facts has been laid down by the team.

I like to share this quote "Take some calculated risk. Just buy and sit on it. Sooner or later the price will go up because the operator need the money more than us. Unity is strength"

Velesto, Sapura, KNM (just to quote a few) were in the same boat, look at them today. Even Armada was not so good during March..now she's hoevering circa 0.18 - 0.28 in this very weak month.

Beside, as we just find out today, Barakah is not too dependent on Brent.

With the kind of order bookings and partnership they had I don't think we will get this kind of opportunity again, ever...

I'm very optimistic the White Knight that everyone is waiting will appears soon. Barakah Management has been very consistent on this. They have indicated they need 6 months. I'm willing to give them this 6 months. Anything less is a bonus to all of us :)

Cheers everyone!

Posted by Mabel > 2019-05-25 23:39 | Report Abuse

@Chun Loke Low I thought of that too but that's an assumption and very indirectly effect of oil prices.

Thank you Chun!

I hope I spell your name correctly this time. It's that auto spelling at work again :)

Cheers!

Posted by Newbiesky > 2019-05-26 01:18 | Report Abuse

wow Mabel, such a good analytical skills

Posted by Chan Cy > 2019-05-26 17:44 | Report Abuse

https://www.klsescreener.com/v2/news/view/507457 during march already knew that its subsidary owed so much money to exim bank. I THINK this restructure nobody notice and inspect carefully

Posted by Chan Cy > 2019-05-26 17:52 | Report Abuse

the most noticeable is the five years non disclosure contract awarded by Sapura energy that exceed more than 1 billion

Posted by Chan Cy > 2019-05-26 18:01 | Report Abuse

https://www.klsescreener.com/v2/news/view/507457 看回之前的因为 barakah 早就知道还不起exim bank,三月时就开始重组 ，要提交法庭 ,等等 ！最值得注意的是去年得到sapura超过 1 billion 的contract ,很多细节都没人注意看和研究 很多所谓的师傅只会说

Posted by Mabel > 2019-05-26 19:55 | Report Abuse

Noted Chan.

Let's wait for the Q1 Report. I'm sure they will update the status of EXIM and the Sapura Deal..

Posted by Chan Cy > 2019-05-26 20:12 | Report Abuse

qr report need to wait until june month end

Posted by Mabel > 2019-05-26 21:28 | Report Abuse

As stated earlier this was factored in the one bad news over last two weeks.

The report was dated March. CEO make a fresh comment in April they need 6 months to resolve the financing issues.

Hopefully we have more updates soon.. Otherwise we will hear more in Q1 report.

Posted by Mabel > 2019-05-26 21:31 | Report Abuse

As per my earlier comments dated 25th May time 8.50 am..

Posted by brucewayne77141 > 2019-05-26 21:43 | Report Abuse

等人救的可怜股

Posted by Chan Cy > 2019-05-26 22:18 | Report Abuse

In early December last year, Barakah changed its financial year end to June 30 from Dec 30. i tot is june 30 isnt?

Posted by Jason Ngan Jia Chen > 2019-05-26 23:24 | Report Abuse

That is Annual report i believe

Posted by Mabel > 2019-05-27 05:25 | Report Abuse

A potential PN17 firm rescued by a experienced, responible tycoon and successfully turned around with an effective and credible turnaround strategy would give much vaster ROI much than a solidly performing company ...

Hence we should all looks for these indicators and what measures has been taken to uplift this company from the risk of being delisted.

Sumatec has been a PN 17 for more than 5 years. Why are they still around?

Utusan Malaysia is another example..

I believe if you decide to hold you should be prepared to hold at least between 6 to 12 months to give the chance for this company to recover.

Otherwise, cut your losses and move on.. It's as simple as that.

For those that decide to hold, watch out for those potential indicators, good news, management pledge or actions..

Happy trading guys..

Posted by ismailkarin > 2019-05-27 07:37 | Report Abuse

But no billionaire tycoon in this Barakah....the supposedly responsible so called tycoon Tan Sri Yaw of the Samling stable is himself mired in debts in Singapore and has since dumped and sold out all Barakah shares...

Posted by Bug62 > 2019-05-27 08:32 | Report Abuse

Mabel that's the approach i am taking. A wait and see.

Posted by kianweng123 > 2019-05-27 08:59 | Report Abuse

today will be a cold stock

Posted by DasWack > 2019-05-27 09:21 | Report Abuse

Weird got people buying at 0.45 million at a time

Posted by kianweng123 > 2019-05-27 09:21 | Report Abuse

seems like some people collect

Posted by Mabel > 2019-05-27 09:37 | Report Abuse

Positive Indicators

It's up by 12.5% this morning

No of Buyers is 3 times than the No of Sellers..

Posted by Mabel > 2019-05-27 09:38 | Report Abuse

@ Bug62 Mabel that's the approach i am taking. A wait and see.

Touche Bug62!

ME TOO :)

Posted by siaoliao > 2019-05-27 09:47 | Report Abuse

SOLD hahaha lelau....ez money

Posted by Mabel > 2019-05-27 09:47 | Report Abuse

@ DasWack Weird got people buying at 0.45 million at a time

Here's why DasWack...

https://www.youtube.com/watch?v=LKaXY4IdZ40

Posted by Chun Loke Low > 2019-05-27 09:48 | Report Abuse

@Mabel may I ask what's your current average price and TP?

Posted by wendyuong > 2019-05-27 09:48 | Report Abuse

Quite Monday

Posted by DasWack > 2019-05-27 10:33 | Report Abuse

Hahahahha nice one, I believe too still holding no bullet to average down from 0.99

Posted by Mabel > 2019-05-27 10:44 | Report Abuse

Test!

Posted by Mabel > 2019-05-27 10:44 | Report Abuse

Mabel @Chun Loke Low @Mabel may I ask what's your current average price and TP?

Barakah after the big sell off on 24th May Friday experienced 55% drop in price due the panic sells off. As Chan Cy point out last night, everyone knew about this. Hence, I figure someone out there want to collect Barakah shares and purposely repeat the same message about EXIM. This would answer Daswack alert that someone is buying this shares in millions..

Hence, we need to restore back the price before this panic sells off. Once this is stabilised, WE the Jedi shareholders together with the Management need to be proactive and build the case for Barakah so that she can move on to 0.22, the Price of June 2018.

Finally, to answer your question, my TP is the price that thomas_dennis bought which is 0.36. If this can be achieved, we are talking about hugh handsome and beautiful returns for anyone here :)

God Speed everyone!

Posted by kianweng123 > 2019-05-27 11:05 | Report Abuse

Wow armanda green QR Barakah will follow？

Posted by wendyuong > 2019-05-27 11:26 | Report Abuse

0.18 is good price for Barakah. I think Barakah need sometime to change it all the way green..

Posted by Mabel > 2019-05-27 11:28 | Report Abuse

Indeed kianweng123 ! I'm expecting the same for Barakah..

She used to be on the same boat, The Management request for time. We gave her time.

Now Princess Armada has finally wakeup..

Bumi Armada posts higher Q1 net profit as costs decline Monday, 27 May 2019 9:21 AM MYT
https://www.thestar.com.my/business/business-news/2019/05/27/bumi-arma...

Bumi Armada Bhd's net profit rose by 28.5% to RM62.21mil in the first quarter ended March 31, 2019

Sapura, Velesto and KNM were also in the same boat. We gave them time and all of them has now waken!

Posted by kianweng123 > 2019-05-27 11:29 | Report Abuse

also low as one year lower price wait have salary top up again

Posted by Mabel > 2019-05-27 11:48 | Report Abuse

@wendyuong 0.18 is good price for Barakah. I think Barakah need sometime to change it all the way green..

Touche wendyuong!

0.18 is also OK with me :)

Posted by kianweng123 > 2019-05-27 12:11 | Report Abuse

0.18 1 month can？

Posted by wendyuong > 2019-05-27 13:18 | Report Abuse

Yes Mabel , Kianweng. We are on the same boat. Let’s drive together yea.

Posted by wendyuong > 2019-05-27 13:19 | Report Abuse

Haha 0.18 need at least 3 months Kianweng to reach there..,

Posted by kianweng123 > 2019-05-27 13:26 | Report Abuse

end of the month lets see how i wan to top up soon