Remote possibility... Barakah is ripe for takeover... whether hostile or friendly. Only set-back is it's huge liability. Lecca is just an opportunist without financial muscles. Not able to turn Barakah around...
@ Chunkit Yip Nik total share hold is less 84mil, because that day drop until 0.025 is force sell by him again.. I think nik was big loser, because if regulation plan not abort. He can sell his share above 0.08. So now he sure very hot once. 28/08/2019 5:58 AM
Noted and thanks Chunkit!
@kianweng123 all because nik if 1year ago sell to serbak today barakah is a gem ---
Kianweng,
Serbak Dynamic is also rumored to make a takeover of KNM. That was one of the reason I bought Serbak Dynamic last week as I'm also holding substantial shares in KNM..
Yes it's definitely ripe for a take over..
Let's continue to monitor this development.
Barakah Offshore: Disputes RM85m claim. Barakah Offshore Petroleum and its wholly owned subsidiary PBJV Group SB have disputed the claim notices by PRPC Utilities and Facilities SB for RM85.2m in relation to the P14 contract. PBJV also issued a demand notice dated Aug 22, 2019 to PRPC. PBJV has demanded PRPC to pay RM6.6m and to withdraw the discontinuance letter within seven days from the date of PBJV’s notice. Further, PRPC has been demanded to process the Progress Claim No 10 within 15 days from the date of the receipt of the said notice.
Pilotless plane ????? Well it seems the plane is still cruising along nicely, Mabel or Fable, time will tell so no need to worry so much... what I'm worried is Talam will Tenggelam... cheers.
SELL FASTER AS DOOR CLOSING SOON JUST LIKE IN UTUSAN
DIRECTOR DUMPING EVERYTHING
27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 26,500,000 shares on 20-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 300,000 shares on 14-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 1,440,300 shares on 13-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 2,000,000 shares on 08-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 5,000,000 shares on 07-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 5,000,000 shares on 06-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a substantial shareholder) disposed 5,000,000 shares on 05-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 26,500,000 shares at 0.040 on 20-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 300,000 shares at 0.045 on 14-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 1,440,300 shares at 0.045 on 13-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 2,000,000 shares at 0.045 on 08-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 5,000,000 shares at 0.045 on 07-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 5,000,000 shares at 0.045 on 06-Aug-2019. 27-Aug-2019 Insider NIK HAMDAN BIN DAUD (a company director) disposed 5,000,000 shares at 0.045 on 05-Aug-2019.
@Happy3933.... They do not know the difference... Barakah is a nuclear-powered Submarine.... They mistook it for a sampan. Can't really blame them. Cheers
In my opinion , I think this bad QR report will weed out more retail investors and even more so investors when the margin call kicks in and this will push the price even lower , and then it will be ripe for the company to be taken over. I agree there's so much more other stocks out there which would be a better choice to enter position than this. Buy at your own risk , and it's a very huge one for this stock. But as the saying goes , high risk , high reward.
The Group reported a higher revenue by 23% during the current quarter ended 30 June 2019 compared with the immediate preceding quarter. However, the loss before taxation increased by 546% in the current quarter ended 30 June 2019 compared with the immediate preceding quarter. The increase in revenue was mainly due to the higher progress billings issued for the PM-MCM contracts while the increase in loss before tax was mainly due to the impairment loss recognised as a result of the revaluation of the Group’s pipe laying barge, as disclosed in Note A4 above.
if take over, will have to see what's the take over price offer by the buyer. share price will be adjusted accordingly to the take over price offered by the buyer
Calm down lah, before news come out,nik still got chance to sold 8milion share at 0.03,why he not sold out if this price not chance to stay at 0.03 again in future.
Aiyoh yoh...I think everyone here is matured enough to make their own decisions...no need to talk three talk four... for me still the same, invest within your limit and have faith, win or lose... time will tell... cheers...
@88... You are absolutely right, no margin account, no borrowings... just your extra money which you don't need to use at the moment or anytime soon... cheers to you.
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kianweng123
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Posted by kianweng123 > 2019-08-28 08:12 | Report Abuse
all because nik if 1year ago sell to serbak today barakah is a gem