Someone got insider news lah,later announce all creditor agree with restructure plan,may be can route out from pn end of the year lah...later shoot up again..
looks like a clear case of manipulation of stock price by Barakah management ..they well aware about the termination, yet issuing the white knight story to fool investors..than later this termination news came out..
for those yang kena kaw-kaw, better adu kat SC ler..
3 years,.without petronas job, consider dead la. White knoght also become dead horse ..
Barakah falls 8.33% after Petronas suspends unit’s licence KUALA LUMPUR (July 10): Shares in debt-laden PN17 firm Barakah Offshore Petroleum Bhd fell 8.33% in active trade this morning after the firm said its unit PBJV Group Sdn Bhd was been notified by national oil firm Petroliam Nasional Bhd (Petronas) that its licence has been suspended. At 9.25am, Barakah fell 0.5 sen to 5.5 sen with 3.09 million shares traded for a market capitalisation of RM45.97 million. Barakah said the letter from Petronas indicated there was an adverse report from Petronas Carigali Sdn Bhd (PCSB), pertaining to the non-performance of PBJV in relation to the contract for the provision of underwater services for PCSB. "Resulting from that, Petronas has decided to suspend PBJV's licence for a period of three years with effect from the date of the letter," it said.
Barakah price was maintain at 0.06cts although many trying to paint a negative picture because of one small job (bill on job done) not contract, not even a figure of RM10
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....
kianweng123
2,690 posts
Posted by kianweng123 > 2019-07-10 11:09 | Report Abuse
engine start?