BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.045

Today's Change

-0.005 (10.00%)

Day's Change

0.045 - 0.05

Trading Volume

1,565,000


20 people like this.

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

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 16:39 | Report Abuse

Who collect the last 500k? Never mind end of the month we will know

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 16:40 | Report Abuse

short term can play awhile if not stable

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 16:41 | Report Abuse

if no people buy back seems like not a good sign

Posted by pepsicola1012 > 2019-07-12 16:46 | Report Abuse

@wendy , yeah , some comments in forum will let us know new info .
@taloha , u also like to zha 9 IK ? LOLLL

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 16:46 | Report Abuse

Don’t think so much still have 3 weeks. The true will come out

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 16:47 | Report Abuse

2m unit waiting sell at 0.06

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 16:47 | Report Abuse

sad

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 16:50 | Report Abuse

hope today no have bad news

Posted by Chunkit Yip > 2019-07-12 17:21 | Report Abuse

Actually even T2,you can hold one more day,but got a little bit penalty loh,may be force sell .

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 17:30 | Report Abuse

today look like force sell if no any bad news

taloha

206 posts

Posted by taloha > 2019-07-12 17:37 | Report Abuse

most probably is force sell

taloha

206 posts

Posted by taloha > 2019-07-12 17:39 | Report Abuse

@pepsicola1012, no ler i ignored him terus lolol. he is repeating same shit on daily basis gg

Posted by T800Terminator > 2019-07-12 20:07 | Report Abuse

Nobody listen to me. Those are fake Q. Next week back to 0.05. That’s for sure.

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 20:52 | Report Abuse

Wakakak let’s see T800

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 20:53 | Report Abuse

Hihihi Yeah Pepsicola sometime is good to explore. So that u can find some new that’s useful for investment. :-)

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 20:58 | Report Abuse

Reference is made to the announcement dated 22 April 2019 in relation to the CCM pursuant to Section 366 of the Companies Act 2016 (“Act”).



On behalf of the Board of Directors of Barakah (“Board”), MIDF Amanah Investment Bank Berhad wishes to announce that the High Court of Malaya at Kuala Lumpur (“Court”) had on 12 July 2019, granted an extension of time until 31 July 2019 to convene the CCM.



On 9 July 2019, Barakah had announced the Notices of CCM of the scheme creditors of Barakah and its wholly owned subsidiary, PBJV Group Sdn Bhd, which will be held on Wednesday, 31 July 2019 at Sireh Junjung Banquet Hall, F55, Level 1, PJU 5 Encorp Strand Mall, 47810 Petaling Jaya, Selangor.



Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.



This announcement is dated 12 July 2019

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-12 20:59 | Report Abuse

monday 0.07 tp

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-12 21:20 | Report Abuse

hopefully la

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 21:45 | Report Abuse

Actually Swiber offshore Singapore cooperation with Vallianz. Swiber just got approve Restructuring proposal.. on 29/5 creditor meeting and the same day they announced approve the restructuring proposal..

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 21:47 | Report Abuse

Next is our Barakah yea...

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 21:51 | Report Abuse

Ok Lecca is from Singapore and got provide Oil and Gas business.. Is linking I will try to top up a bit more in on 30/7. Hahaha

Chan Cy

318 posts

Posted by Chan Cy > 2019-07-12 22:31 | Report Abuse

top up now la

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-12 22:34 | Report Abuse

Nope I wait until 30/7 only.. but I’m still considering,.

Chan Cy

318 posts

Posted by Chan Cy > 2019-07-12 23:35 | Report Abuse

that time already price up la hahaha

taloha

206 posts

Posted by taloha > 2019-07-13 00:23 | Report Abuse

@wendyuong, can be approved or not approve ge wor hahaha.

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 00:32 | Report Abuse

Hahaha nor approve because my cash is unlimited Taloha, Chan CY! :-)

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-13 09:24 | Report Abuse

cashlimit

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 09:45 | Report Abuse

Hahaha yeah cash limit

Posted by InvestsucessTrader > 2019-07-13 10:50 | Report Abuse

Should be cash limited,

kianweng123

2,690 posts

Posted by kianweng123 > 2019-07-13 10:56 | Report Abuse

cash unlimited i also need

Posted by Chunkit Yip > 2019-07-13 12:05 | Report Abuse

The edge report something good for barakah

Posted by Chunkit Yip > 2019-07-13 12:07 | Report Abuse

KLSE Screener
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Short Position
TheStar Sat, Jul 13, 2019 - 4 hours ago


What now for Barakah?

JUST as things were starting to look up for Barakah Offshore Petroleum Bhd by way of a white knight coming in to revive its fortunes, it was dealt with another blow. The operating licence for its unit, PBJV Group Sdn Bhd, was suspended by Petroliam Nasional Bhd (Petronas) due to reported non-performance.

The white knight is Singapore’s Lecca Group Ptd Ltd, which is to emerge as the single largest shareholder in Barakah with a 44.87% stake as part of the plan to help regularise its financial condition and lift itself out of the Practice Note 17 or PN17 category.

But where does this unexpected development leave Lecca?

With the suspension, PBJV is unable to bid for new projects undertaken by Petronas, including its subsidiaries and any petroleum arrangement contractors for a period of three years.

Barakah said it is seeking clarification and appealing against the suspension. However, PBJV is still allowed to complete its existing and ongoing contracts with the national oil company, which essentially means there are cash flows coming in.

In the mean time, pending the appeal, it is perhaps a good time for Barakah to look internationally for future projects. It could also expand its scope to non-Petronas jobs.

Kenanga Research in a recent report noted that while contract flows in oil and gas have started to show signs of improvement, an upcoming upcycle may still be long and gradual, instead of an instant “boom” that match the peaks seen in 2013-2015.

Barakah can also leverage on its strategic alliance with Singapore-listed Vallianz Holdings Ltd, which is majority-owned by Saudi Arabia’s Rawabi Holding Company Ltd. Vallianz has exposure in the Middle East, Asia Pacific and Latin America.

So, while the going may be tough, all may not be lost if Barakah is able to take this opportunity to reset. As the saying goes, when one door closes, another opens.

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-13 12:08 | Report Abuse

yeah

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-13 12:08 | Report Abuse

hopefully can help

Posted by Chunkit Yip > 2019-07-13 12:09 | Report Abuse

Got rumour got coming soon...

Posted by Chunkit Yip > 2019-07-13 12:09 | Report Abuse

Project*

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 13:14 | Report Abuse

This door close another will open... :-)

Posted by InvestsucessTrader > 2019-07-13 13:19 | Report Abuse

Is like the bedroom with 2 doors, when the wife came in the front door, the mistress leaves at another door,haha.

Chan Cy

318 posts

Posted by Chan Cy > 2019-07-13 14:19 | Report Abuse

later najib wait u at the other door:)

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-13 14:23 | Report Abuse

gg

Posted by InvestsucessTrader > 2019-07-13 14:55 | Report Abuse

I'm afraid Rosmah come and wait me instead of najib, My spine will be crush.

Chan Cy

318 posts

Posted by Chan Cy > 2019-07-13 15:18 | Report Abuse

hahahaha u guys are so funny

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 18:01 | Report Abuse

Hahahha I want Rosmah diamond

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 18:02 | Report Abuse

If man have mistress can throw his away into the dustbin..

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-13 18:41 | Report Abuse

no larh, get the evidence, then divorce, ask for half of his property, if he don't agree, go up to the court, u will have a strong case so as long as he has committed adultery and u got the evidence.

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-13 18:42 | Report Abuse

then only throw him into the Dustbin. haha

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 18:55 | Report Abuse

Hahahahahaha agree agree newbiesky !

Newbiesky

792 posts

Posted by Newbiesky > 2019-07-13 18:56 | Report Abuse

if u need a lawyer, come find me, I can introduce to u. ahahaha

wendyuong

2,126 posts

Posted by wendyuong > 2019-07-13 19:22 | Report Abuse

Pooi my hubby is perfect to me now... so I don’t neeed it..... wakaka

Posted by InvestsucessTrader > 2019-07-13 19:41 | Report Abuse

sometimes we are bored of shapes and curves,we need somethings special like Rosmah, Don't laugh.Haha

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