BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.055

Today's Change

+0.005 (10.00%)

Day's Change

0.05 - 0.055

Trading Volume

13,058,700


20 people like this.

16,346 comment(s). Last comment by Kotaro 1 week ago

Veron_teo

1,492 posts

Posted by Veron_teo > 2019-06-03 19:16 | Report Abuse

u all know one stock called perisai aka kanasai?

Chan Cy

318 posts

Posted by Chan Cy > 2019-06-03 19:33 | Report Abuse

barakah already planned and knew that they will pn17 since february..you all arr so lazy to read news and report ..need me repeatedly say the same damn thing again and again! just now also got official confirmation said that they have regularization plan to get out pn 17!

0527

19 posts

Posted by 0527 > 2019-06-03 19:37 | Report Abuse

very good

DasWack

513 posts

Posted by DasWack > 2019-06-03 19:38 | Report Abuse

Yea Chan, sad to see that happen too all blindly bla bla only no do research no read anything then keep comment especially the you know who hahaha

0527

19 posts

Posted by 0527 > 2019-06-03 19:39 | Report Abuse

and just wait Reorganization plan and white knight

Chan Cy

318 posts

Posted by Chan Cy > 2019-06-03 19:56 | Report Abuse

https://www.klsescreener.com/v2/news/view/507457 here already stated the plan while others is non-disclosure! Pls scroll down and open your golden eye look at the MCM project awarded worth more than RM 1billion !

Newbiesky

792 posts

Posted by Newbiesky > 2019-06-03 19:58 | Report Abuse

may I know, where can I find the information regarding to MCM project? thanks in advance

Chan Cy

318 posts

Posted by Chan Cy > 2019-06-03 20:09 | Report Abuse

non disclosure!probably they will annouce during september together with white.knight news! or you can check with Sapura Energy, barakah wont be so easy collapse due to this is islamic counter and they have certain relationship with Saudi etc

Posted by T800Terminator > 2019-06-03 20:47 | Report Abuse

So good. Why worry only 0.045? Should worth at least 0.20 right.

Bug62

289 posts

Posted by Bug62 > 2019-06-03 20:51 | Report Abuse

Oil recovering.

Chan Cy

318 posts

Posted by Chan Cy > 2019-06-03 21:42 | Report Abuse

subsidiary company creating debt that's why making this company fall into PN 17 , i think during next AGM have to change subsidiary company CEO really not doing his work!

Ooddd

918 posts

Posted by Ooddd > 2019-06-03 21:44 | Report Abuse

@chunLoke. Late reply..busy on real life. Wow, today another red close. Friday dropped 0.01, today last min dropped 0.005. tomorrow drop?
Now, I started to understand why Maybank report from Maybank rated tp at 0.01.
0.045 still far from 0.01 = down side potential is still high. I dare not enter yet tomorrow. For those who not aware on Maybank report from Maybank, pls see below (check on the date, is after all the good news shared by sifu here).

-&&&
05/2019 3:13 PM

kianweng123 Barakah Offshore Petroleum (BARAKAH MK)
by Thong Jung Liaw
Share Price:
MYR0.06
Target Price:
MYR0.01
Recommendation:
Sell
15MFY19: A miss
Results came in below our expectation, which led to a 57% rise in our 18MFY19 core loss estimate. Barakah is now a PN17 stock following the default of its loans. It needs to address its under-utilised assets and rising debts. We do not rule out an impairment/ fire-sale exercise of its KL101 vessel (single-largest cost component) to resolve this issue. We cut its TP to MYR0.01, pegging it to 0.1x BV, reflective of peers that face similar debt default risk.

moneypedia

5,987 posts

Posted by moneypedia > 2019-06-03 21:55 | Report Abuse

lai lai lai lai 3.5 cent lai lai lai lai mioww miowwwww. can or not moowww

Ooddd

918 posts

Posted by Ooddd > 2019-06-03 22:14 | Report Abuse

I guess can...Maybank will not simply value, Need to take care thier reputation. If out too much, how can they answer to people. If not 0.01, then will be 0.015 or 0.02. scary lo.. maybe tomorrow is last chance to run before operator come back from holiday.

Ooddd

918 posts

Posted by Ooddd > 2019-06-03 22:17 | Report Abuse

@taloha, expected drop but the gap down too little. Maybe all already back for holiday. Yes, q tomorrow or after Raya, most likely will hit 0.035.

DasWack

513 posts

Posted by DasWack > 2019-06-04 00:53 | Report Abuse

You think everyone a pessimist like you meh? I happy or not happy your issue? Mind your own damn business la dumbass. Continue shake your empty little head la, already dw layan you at there pick fight like a retarded. Pui.

Posted by Chun Loke Low > 2019-06-04 00:54 | Report Abuse

HAHAHAHHAHAHA so tmr 0.035 tokok Sifu? Okay, I queue 0.035. if not 0.035 how ah? Can buy more at cheaper price not happy? @@! Don't keep giving me fake hope orh

Posted by Chun Loke Low > 2019-06-04 00:56 | Report Abuse

Hahahaha everyone holiday yah? That's why only drop half a cent? Ohh so basically everyone balik kampung, no internet access that's why cannot sell? WKAKAKAKAK

Ooddd

918 posts

Posted by Ooddd > 2019-06-04 00:57 | Report Abuse

S&P500 down 0.5% while NASDAQ down 1.45% now. The whole world are shaking. But, I don't understand why sifu DasWack and sifu Chun so happy when his stock decline by 10% each day. Furthermore, his stock already pn17, high debt and bad than expected qr. Whole world is shaking, other barakah holder leg is shake and I have to shake my head when I see you so happy.

Posted by Chun Loke Low > 2019-06-04 00:58 | Report Abuse

Aik then shouldn't tmr have no movement since people are on holidays now? Woii don't simply tokok can anot? I take ur estimation very seriously eh sifu

Posted by Chun Loke Low > 2019-06-04 00:59 | Report Abuse

I saw your typo pn14, no need to resend

DasWack

513 posts

Posted by DasWack > 2019-06-04 01:03 | Report Abuse

Ya i saw too hahahah

Posted by Chun Loke Low > 2019-06-04 01:08 | Report Abuse

Ahh S&P500 and NASDAQ down = whole world shaking.. Your world is really quite.. ermm.. how should I place this.. it has plenty of "room" to improve yahh?

Mabel

23,978 posts

Posted by Mabel > 2019-06-04 05:27 | Report Abuse

I have some holding in Nasdaq. One of my technology stock is down by 1.34%.

Nothing to worry since it has appreciated by 8.54% since early this year.

Looking forward to see Barakah continue its momentum today. Hopefully that spikes that we experience yesterday will not hinder its momentum today..

Happy trading everyone..

Mabel

23,978 posts

Posted by Mabel > 2019-06-04 05:30 | Report Abuse

It's interesting if we know who is making these periodic spikes..

Mabel

23,978 posts

Posted by Mabel > 2019-06-04 05:31 | Report Abuse

I mean why he wanted to sell when the stocks is gaining momentum?

Posted by Chunkit Yip > 2019-06-04 05:52 | Report Abuse

时间还没到吗,别假假,你懂的,有些东西要慢慢来的,别急,还有时间。

Mabel

23,978 posts

Posted by Mabel > 2019-06-04 06:29 | Report Abuse

当然。让我们等到今年年底

Posted by Chunkit Yip > 2019-06-04 07:17 | Report Abuse

万丈高楼从地起,已经开始筑底。尽量不要分享太多好消息跟数据啦,卖盘已经够少了,你也想楼建的快点,其他人要买要卖就让他们自己决定。

Posted by Chunkit Yip > 2019-06-04 07:23 | Report Abuse

火车要够油了才会慢慢开,油不够就开车可能会半路死火,也走不远。言尽于此。

kianweng123

2,690 posts

Posted by kianweng123 > 2019-06-04 08:23 | Report Abuse

坐等看戲 放假mode開啟

Ooddd

918 posts

Posted by Ooddd > 2019-06-04 08:54 | Report Abuse

@chunLoke..yes, you are right. my world is very conservative. If I will you, ill not hehe haha here and there. Ill keep quite and pray for the white knight to be come. If not, Maybank tp of 0.01 will reach very very soon..

wendyuong

2,126 posts

Posted by wendyuong > 2019-06-04 09:00 | Report Abuse

Odd why you keeping bark and bark. Do you feel tired??

Posted by Chun Loke Low > 2019-06-04 09:06 | Report Abuse

You meant quiet*? Can you check your words before hitting the "comment" button? It's very confusing kay? Also, I was trying to say your world is freaking small not conservative lah bebal -_-

Newbiesky

792 posts

Posted by Newbiesky > 2019-06-04 09:09 | Report Abuse

gg, Chun loke low sifu become grammar Nazi dy. BTW, it's nice to see it open at 5 sens

Posted by InvestsucessTrader > 2019-06-04 09:09 | Report Abuse

This fellow has an ulterior motives, just ignore him, let him troll himself,suddenly appear from no where,

wendyuong

2,126 posts

Posted by wendyuong > 2019-06-04 09:11 | Report Abuse

:-) Holiday mode but be still keeping bark and bark. For god sake... Lol

Posted by Chun Loke Low > 2019-06-04 09:16 | Report Abuse

Ikr @wendyyuong hahahaha .. he has got nothing better to do.

@Newbiesky huh? That's not even anything about grammar yet lol though I'm sure he couldn't differentiate "quiet" and "quite" HAHAHHAHAH

Ooddd

918 posts

Posted by Ooddd > 2019-06-04 09:22 | Report Abuse

To all sifu..I'll not fall into your trap. Try to paint good picture and con ppl go in now for you to escape from high price?

I'll always remind myself why Maybank report from Maybank rated tp at 0.01.
0.045 still far from 0.01 = down side potential is still high. I dare not enter yet tomorrow. For those who not aware on Maybank report from Maybank, pls see below (check on the date, is after all the good news shared by sifu here).

-&&&
05/2019 3:13 PM

kianweng123 Barakah Offshore Petroleum (BARAKAH MK)
by Thong Jung Liaw
Share Price:
MYR0.06
Target Price:
MYR0.01
Recommendation:
Sell
15MFY19: A miss
Results came in below our expectation, which led to a 57% rise in our 18MFY19 core loss estimate. Barakah is now a PN17 stock following the default of its loans. It needs to address its under-utilised assets and rising debts. We do not rule out an impairment/ fire-sale exercise of its KL101 vessel (single-largest cost component) to resolve this issue. We cut its TP to MYR0.01, pegging it to 0.1x BV, reflective of peers that face similar debt default risk.

Posted by InvestsucessTrader > 2019-06-04 09:30 | Report Abuse

#Oodd, Not mean to look down on you, how much you can buy for us to escape. you are trying to paint a very bad picture here because you are so in love with Barakah , so you can afford to buy cheap.

Ooddd

918 posts

Posted by Ooddd > 2019-06-04 09:35 | Report Abuse

@ChunLoke, you are correct. I got nothing to do now. Since the market so volatile, I prefer to keep my bag safe than gambling in this pn17, high debt, bad qr than expected company like barakah. Furthermore, world economy is in shake mode too.
That's mean, I have plenty time to tell potential buyer - watch out! If you want to buy the share now, think twice. Don't fool by those inside news or white knight hope or old good news (those news came out before qr)

Ooddd

918 posts

Posted by Ooddd > 2019-06-04 09:38 | Report Abuse

@invest...wowowo, look down people now. Go ahead look down all the potential buyer. We don't care whether you look up or down. We care only our money. Good try...you thought we scare you look down and go purchase high price of 0.045?

Posted by InvestsucessTrader > 2019-06-04 10:12 | Report Abuse

Sorry if you want to buy one cts, maybe in your life time will not meet your desire price.

Posted by Chun Loke Low > 2019-06-04 10:35 | Report Abuse

@ChunLoke, you are correct. I got nothing to do now. Since the market so volatile, I prefer to keep my bag safe than gambling in this pn17, high debt, bad qr than expected company like barakah. Furthermore, world economy is in shake mode too.
That's mean, I have plenty time to tell potential buyer - watch out! If you want to buy the share now, think twice. Don't fool by those inside news or white knight hope or old good news (those news came out before qr)

_________________________________

I didn't ask for your opinion, don't have to tell me so much lol

wendyuong

2,126 posts

Posted by wendyuong > 2019-06-04 11:11 | Report Abuse

Yes Chun Loke Low. I think Odd have nothing else to do. Wakaka!

Ooddd

918 posts

Posted by Ooddd > 2019-06-04 12:04 | Report Abuse

Bad sign...sell 0.045 is much higher than buy 0.05. maybe a hint on last chance to run

moneypedia

5,987 posts

Posted by moneypedia > 2019-06-04 12:05 | Report Abuse

cipat2 sparuh hali saja ini hali oww cipat2

Newbiesky

792 posts

Posted by Newbiesky > 2019-06-04 12:07 | Report Abuse

leave here first, go party at canone today. haha

bigfund

311 posts

Posted by bigfund > 2019-06-04 12:09 | Report Abuse

Today maybe closing higher

taloha

206 posts

Posted by taloha > 2019-06-04 12:13 | Report Abuse

selamat hari raya to all muslim frenz~~

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