Suddenly they appear to give free advice from nowhere, then you must know they want the price to drops so they can buy.they already miss the train. You must beware stranger give you free lunch. Why nobody ask us to sell the last 3 months when it is 0.04-0.05cts?.When the white knight appeared and price rose they ask you to sell.
what i predict is the flow would be uplift from pn17, appeal on petronas suspension, appeal successfully. the management team got good connection wif petronas lol
0.05sen seem impossible as main news already digested in the trade today, white knight offset petronas contract, then the latest news is about the deal of the debt, which public already know barakah is in Pn17 that's why price drop from 10sen to 5sen at few months ago. The latest news and the white knight bring hopes for barakah to out from PN17. that's what I see
I see your comment that i know you just take note for this counter loh, Lecca is based on Singapore company,they try to bid international contract,like China and Arab contact. You see why serbadk make profit even previous time oil price drop, because got a lot of contract at Arab and dif country loh.
Some people buy house want buy 100% fully construction,so they always buy expensive one. But some people like buy semi construction one, because got a lot of discount for the selling price. Same with barakah situation lah..haha
KUALA LUMPUR: Shares in Barakah Offshore Petroleum Bhd rose 18% on Tuesday after it found a white knight, Singapore’s Lecca Group Ptd Ltd, to revive the company.
Market wizards say when it moves against you, admit yr mistake n get out. If you r not willing to absorb losses, one of these days you will get hit by mother of all losses.
Even seacera and london biscuit without white knight are around 0.20cts, Barakah with white knight only at 0.06cts.Too cheap to miss the opportunity to make big money.
.. it all depend on what Lecca gonna do with barakah?..split it, absorb it, or sell profitable segment to can recover their investment..thats really matters.
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....
T800Terminator
1,695 posts
Posted by T800Terminator > 2019-07-09 20:26 | Report Abuse
Sold 50% of my holdings at 0.06. Tomorrow sell again of hit 0.065. Buy back later ok