Posted by T800Terminator > 2019-08-02 10:52 | Report Abuse

Whoever wish to get at 0.045. You wish came true. Whoever wish on 0.01 will come soon or later. Kikikiki. Don’t catch the falling knife.

Posted by W0099 > 2019-08-02 10:58 | Report Abuse

Yeah never mind will rebound again

Posted by Happy3933 > 2019-08-02 11:20 | Report Abuse

0.01 ???? When can get ???? 10 years later ???

Posted by Happy3933 > 2019-08-02 11:22 | Report Abuse

Falling knife or is it musang king ????

Posted by Mabel > 2019-08-02 11:40 | Report Abuse

It will be Musang King with time. Let's stick to the time plan as we discussed earlier..

if no trade war, you will not get this discount. KLSE this week is bad. Lots of RED SEA everywhere, thanks to Trump latest tweets...Current buying price at 0.5 sen and if it closes at 0.55 sen end of trading day is considered good. Remember there's no Shorties at this counter..

Cheers!

Posted by Happy3933 > 2019-08-02 12:05 | Report Abuse

Musang king ?? Really ? It's not musang king, my mistake.. it's Black Torn !!!!! Cheers

Posted by ja235 > 2019-08-02 15:11 | Report Abuse

waiting another 2 week.

Posted by youarewelcome88 > 2019-08-02 15:39 | Report Abuse

Yes, a black thorn... a sharp thorn that will bleed many

Posted by Happy3933 > 2019-08-02 16:11 | Report Abuse

Hahaha...we will see then... cheers.

Posted by pepsicola1012 > 2019-08-02 16:37 | Report Abuse

wahhh , red sea gao gao ...

Posted by Trader Invest > 2019-08-02 16:47 | Report Abuse

Stupid trumph. Dont play twitter la.

Posted by Newbiesky > 2019-08-02 16:48 | Report Abuse

go report his twitter account

Posted by Ncm88 > 2019-08-03 09:29 | Report Abuse

Good night......

Posted by zulmuiz > 2019-08-03 10:02 | Report Abuse

Barakah should come out with altenative solutions to all creditors next week since they have enough time to work out due to suspended notice from Petronas. Leaving investors in dilemma? PN17 is closer to delisted if nothing positive announcement came out. Wake up...

Posted by T800Terminator > 2019-08-03 11:04 | Report Abuse

Precisely. But without CFO how to come out regulation plan with a week? This is not 7-11, you walk in take your stuff then pay and go. Wake up.

Posted by T800Terminator > 2019-08-03 11:06 | Report Abuse

When 0.06, petronas suspended announced, you have the chance to sell, when with no agreement creditor announced, you have a chance to sell at 0.05, you didn’t grab it. Now you wanna sell at 0.045 or lower? Usually those stubborn ppl will hold until delisted. That’s what I did previously on SAAG.

Posted by youarewelcome88 > 2019-08-03 11:17 | Report Abuse

Distress companies are always given time to improve on their financials. De-listing Barakah is distance away. You guys should not be disturbed by the PN17 classification... the almost all-low price 4.5 sen is indeed disturbing.

Posted by youarewelcome88 > 2019-08-03 11:43 | Report Abuse

To prove my point, make a simple search on Perisai... another distress O&G like Barakah. See the number of extension it receives to regularise its financials. Don't worry unnecessarily.

Posted by zulmuiz > 2019-08-03 12:00 | Report Abuse

Yes its true youarewelcome88 but Perisai nit suspended by Petronas indeed. That why highlighted Barakah to announce incoming future contract (maybe) i.e overseas to backup the proposal on debt settlement with all the creditors. Niks is currently cum as CFO also.

Posted by youarewelcome88 > 2019-08-03 13:00 | Report Abuse

It still does not change the time period for the de-listing. As I have mentioned much earlier, Barakah is quitting O&G business. Its white knight is into ship bunkering. As reported in earlier news Barakah has financial obligations amounting to RM700 millions. Now that they are moving out of O&G, they have to convince their existing Creditors that the new business is able to pay back what's due. Its tough no doubt but what's M&A all about

Posted by Mabel > 2019-08-03 14:09 | Report Abuse

Most of oilgas company huge debt ,financial heavy losses ,low cash flow .

Company Cash Debt 2015 2016 2017 2018 2019 (2Q) current liabilities
armada 1.147b 6.826b -171.39m -1.940b 4.92 m -2.31b 69.77m 8.236b
alam 71.41m 124.9m -1981m -144.76m -145.84m -171.60m -4.3m 119.82m
barakah 22.51m 190m 5.59m 16.36m -216.72m -61.60m -52.30m 166.23m
carimin 15.09m 55m -2.79m 6.288m -24.35m -4.5m 19.81m 95.53m
dayang 214m 1.012b 202.01m 78.68m -63.83m 148m -8.4m 1.206b
daya 57.85m 230m -2.78m -200.9m -17.59m -170m -95k 413m
deleum 131.59m 72.43m 71.15m 49.76m 54.02m 29.82m 2.6m 276m
dialog 1.15b 1.687b 370.45m 368.72m 448.76m 502.1m 478.2m 1.493b
eatech 22.61m 378m 23.68m 21.54m -131.90m 90.36m 9.1m 356.67m
handal 4.23m 18.67m 11.42m -11.40m 0.28m -9.2m -4.9m 27.13m
hibiscus 221.21m - -45.27m 56.32m 62m 331.9m 299m 328.91m
icon 47.37m 648.71m -363.5m -149.82m -49.92m -437.7m -10.5m 671.55m
kub 99.29m 138.75m 28.53m 32.33m 40m 2.14m 2.589m 137.42m
knm 321.65m 1.325b 124m -316.64m -28.83m -787.7m 20.41m 961.9m
mhb 517m 100m 22.5m -135m 11m -124m -29.50m 706m
m&g 25.38m 997m 6.44m -131.16m -367.8m -61.71m -31.77m 125.59m
perisai 51.92m 1.233b -661.2m -339.12m -308.58m -513.20m -73.26 1.42b

It does not really look that bad for Barakah...

What the Prince needs is TIME..

Hence I'm not in a hurry to cash in ....yet...

@Happy3933 Mable's TP @ 0.360

Sound like a good proposition so I'm going to give him all the time he needs..

Posted by youarewelcome88 > 2019-08-03 14:13 | Report Abuse

It's normal for O&G companies to be in distress especially due to the downturn in world crude oil price since 2014. I like O&G stocks. The only fault I have with Barakah is their non-performance of Petronas contract. They shouldn't have done that. I may be wrong but I think Barakah is now a pariah O&G company the world over.... Sorry for saying so

Posted by Mabel > 2019-08-03 16:23 | Report Abuse

Non performance is unacceptable.. I agree

Pariah O&G.. I disagree

Armada was also a non performer with Kraken. They suffered and bleeds. So was Sapura and Velesto..

Now she's on uptrend and waiting to explode just like KNM..

Sapura and Velesto more less has recovered.

Barakah will be soon. He needs a windows of at least 6 to 12 months to get his act together..

Sumatec was once a Pariah.. Lately there's lots of buying interest. Check it out next door..

What I'm trying to say here is when comes to this type of counter, it's a moving targets.

The only similarity all of them needs is TIME..

Posted by Mabel > 2019-08-03 16:25 | Report Abuse

To invest in this type of counter you need to put on the mid to long term investors cap..

Posted by Happy3933 > 2019-08-03 16:43 | Report Abuse

To those who think Barakah is finished, no need to buy....to those who think Barakah still got hope, hold... simple as ABC.... By the way, I'm still waiting at 0.01 and see how good and accurate are those who gave this TP ! Cheers

Posted by youarewelcome88 > 2019-08-03 17:38 | Report Abuse

The non-performance have caused the 3-years ban. No appeal can reverse the ban. The non-performance have caused losses to Petronas which in the process caused Petronas not being able to fulfil its contractual agreements. Reliability is of utmost importance in the O&G trade. It is for this reason no other O&G companies will want to be associated with Barakah.... thus my definition of Pariah
I treat company & share performances differently. Barakah is my favourite counter...

Posted by zulmuiz > 2019-08-03 19:34 | Report Abuse

Yes..Barakah mgmt should appeal the suspension of Petronas immediately cause all O&G player has known due to its subsidiary performance. Hence, how others to associate with Barakah? Just to remind here. The news of suspension not only from last month but Last Year but what action been taken? What actually insider is doing is a big question mark? Alert to investor even iam still holding this shares quite sometime...hope miracle will come true and cheers to all here..Time..buying time

Posted by youarewelcome88 > 2019-08-03 20:07 | Report Abuse

Yes... Barakah share price is at attractive level. Its a good buying opportunity. I am looking to buy, no doubt about it.

Posted by youarewelcome88 > 2019-08-03 20:26 | Report Abuse

On the issue of suspension, I doubt the suspension is over the same project. Barakah could have, yet again not complete the works for Petronas.... similar to our mischievous ways way back in secondary school. Or rather repeat offender.

Posted by T800Terminator > 2019-08-03 21:31 | Report Abuse

Why still put hope on no prospect company. Come on, move on, don't turn money to zero value. Wake up, No so soon will get new contract from OnG industry. It’s game over dude.

Posted by Mabel > 2019-08-03 22:35 | Report Abuse

It's definitely not over, Barakah still have contracts to fulfill...

Even a company with Zero Revenue like Sumatec can still survive..

Let's talk about this in 6-12 months time

How's your alam collection?

I have already met my target number ...it's also slow moving on that side...

Posted by youarewelcome88 > 2019-08-03 23:45 | Report Abuse

Yes, it's definitely not over. Believe me, there's money to be made

Posted by Happy3933 > 2019-08-03 23:59 | Report Abuse

Money to be made.... that's what I like to hear... cheers n happy weekend.

Posted by youarewelcome88 > 2019-08-04 00:14 | Report Abuse

I think Taloha would agree with me that there's money to be made, even at this price level

Posted by Mabel > 2019-08-04 09:14 | Report Abuse

Absolutely, there always money to be made everywhere..

Monday most O&G may still go down. It will depends how DOW perform tonight..

I have seen it happened to Armada last week. It may be another weak market and may last till next couple weeks as trade tension escalates.

This will be a good test to your holding power.

Posted by Happy3933 > 2019-08-04 10:15 | Report Abuse

Morning Mabel... you are up early....

Posted by youarewelcome88 > 2019-08-04 11:09 | Report Abuse

True, it will be a weak market outlook next week. I pray the day where the market will discount the news on the trade war. It has been around since last year....

Posted by Mabel > 2019-08-04 16:40 | Report Abuse

@Happy3933 Morning Mabel... you are up early....

Same to you Happy. Yes I'm a morning person. I usually do most of creative works in the morning.

Cheers!

Posted by Tag Bagfashion > 2019-08-04 20:33 | Report Abuse

Anyone collect 0.095 ?? I have long long time to wait

Posted by zulmuiz > 2019-08-04 20:50 | Report Abuse

Go and ask Niks...sure he got a lots..pls call him directly or mesg him. Sure he will help u Tag...

Posted by kianweng123 > 2019-08-05 07:08 | Report Abuse

new week new hope

Posted by Mabel > 2019-08-05 09:29 | Report Abuse

Please to see so many buying que..

Posted by kianweng123 > 2019-08-05 09:34 | Report Abuse

Wow match 0.045

Posted by T800Terminator > 2019-08-05 09:51 | Report Abuse

Wow this week moving to 0.045-0.04....next week to 0.035 then subsequently to 0.01.

Posted by 2087635337947018 > 2019-08-05 10:01 | Report Abuse

Joke

Posted by Mabel > 2019-08-05 10:14 | Report Abuse

Please to see that barakah made the Top 10 Most active counters this morning..

Posted by Mabel > 2019-08-05 10:19 | Report Abuse

@T800Terminator Wow this week moving to 0.045-0.04....next week to 0.035 then subsequently to 0.01.

Have you finished collecting Alam? I have met my numbers in Alam :)

Likewise, I have met my Barakah Target long time ago. Now contemplating if I should join kianweng :)

You are welcome to wait at your Target Price in Barakah... It's never nice to miss a train...

Cheers !

Posted by Happy3933 > 2019-08-05 10:20 | Report Abuse

0.035 ???? Not joke.... just dreaming !!!!

Posted by W0099 > 2019-08-05 10:22 | Report Abuse

Hahaha bleeding everywhere

Posted by W0099 > 2019-08-05 10:28 | Report Abuse

Mabel sis stay strong yea and everyone too!!!