Come to Alam. Welcome welcome. Armada bought at 0.65 cut loss at 0.41. Now takut. But recover some when it drop to 0.16 and I bought again and sell at 0.20. Now the volume drop and price stagnant. Operator is there, everyday shorting by operator. Hard to earn money unless you buy for long term. But, at least long term prospect is brighter.
Dato’ Mohamed Sabri Bin Mohamed Zain, a Malaysian, was appointed to the Board of Barakah Offshore Petroleum Berhad on 7 July 2014 as an Independent Non-Executive Chairman. He has over 38 years working experience in the oil and gas business in both domestic and overseas ventures, primarily in PETRONAS Carigali Sdn Bhd (PCSB). Dato’ Mohamed Sabri started his career at Petroliam Nasional Berhad (PETRONAS) in 1978 as Petroleum Engineer. From 1980 until 2008, he built his career in PCSB, starting from an engineer to General Manager in various capacities. His management roles while in PCSB were General Manager for Vietnam operations from 1996 until 2000, development division from 2000 until 2004, for Middle East and Asia operations from 2004 until April 2006 and operations in Vietnam, Indonesia, Myanmar, Pakistan, Turkmenistan, Uzbekistan, Malaysia-Thailand JDA and Sudan from 2006 until 2008. From March 2008 until October 2010, he moved on to be the President of White Nile Petroleum Operating Company (WNPOC) in Sudan and later, the Vice President of Offshore Business Unit of MISC Berhad from 2010 until 2012.
Dato’ Mohamed Sabri is a director of Sona Petroleum Berhad. Dato’ Mohamed Sabri is currently the CEO of Yinson Energy Sdn Bhd, an associate company of Yinson Holdings Berhad, primarily involved in providing floating production solutions for the oil and gas industry worldwide. Prior to joining Yinson in May 2014, he served as the President of Puncak Oil
The Company wishes to announce that Kenanga Investment Bank Berhad has force sold Barakah ordinary shares held by En. Nik Hamdan Daud, a director of Barakah to rectify shortfall of his personal margin account position. This force selling occurred during closed period, and as such triggers this announcement under Paragraph 14.08 of the Main Market Listing Requirements. As the said sale was directed by Kenanga Investment Bank Berhad, no notice of intention to deal was made earlier by En Nik Hamdan Daud.
Don't worry too much, if Barakah is running well all this while and people start to resign then you must be worried, if Lecca is still in the picture, being the largest shareholder, I'm sure they will assign their own trusted men on board..... just my two cents opinion.. cheers.
One of my selections under Nasdaq did that 2 years ago. They completely changed the team right from the top... Chairman of the Board, CEO etc. Even middle management were ask to change positions.
2 years later, the performance of the company improves. When I bought the stocks it was around USD 6 per shares.
Early this year it rose to above USD 10. With the current trade wars, today it closed at USD 8.71..
My take... the decision taken to sue Petronas did not go down well with the current management. That decision to sue came from the Singapore so-called White Knight... Lecca. Biting the hands that have been feeding you for a long time... shows the attitude of the future management.
Don't sue ? Sit quietly for 3 years and wait to die slowly ? If you push the dog to one corner until it can't move, you know what will happen next, the dog will bite you back for sure.... cheers.
I never find using the courts of law in solving an issue positive. It closed all doors of negotiation. I feel the decision to sue was made in haste & also felt pressured by the impending Creditors meeting....
KUALA LUMPUR (July 8): Barakah Offshore Petroleum Bhd 'seems to have found' a white knight, Singapore’s Lecca Group Ptd Ltd, to revive its financial health.
Yes Happy, had a good sleep last night...Hope you too
Let's continue to report progress of the Prince. Beside winning this court case, winning new jobs outside Malaysia is very important beside the next financial reporting.
It all about managing perceptions, the rest is technology...
@tony4771. I don't view Petronas as a GLC but a world-class standard corporation. They are bench-marked among the world best oil companies. They don't need to victimised local companies. They have no reason to. Non-performer just have go....
Hi everyone here, I think everyone has their own views... For me, very simple, if you are good, you will survive, if you are not good, even if Petronas award you say 1b worth of contract again, you will not survive.... cheers.
Hahaha... cheers to T800...tik tok tik tok ?? 0.035 today ????
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Posted by W0099 > 2019-08-08 15:11 | Report Abuse
Wakaka okok let me learn the market first than I will find one for u yea. Need to know how foreigner can open the account in Vietnam.