Posted by kianweng123 > 2019-08-28 08:12 | Report Abuse

all because nik if 1year ago sell to serbak today barakah is a gem

Posted by W0099 > 2019-08-28 08:12 | Report Abuse

Everyone left don’t know who still in-charge...

Posted by youarewelcome88 > 2019-08-28 08:30 | Report Abuse

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...

Posted by Happy3933 > 2019-08-28 08:42 | Report Abuse

Morning everybody, Barakah will always be Barakah, today is another sunny day. Cheers.

Posted by youarewelcome88 > 2019-08-28 10:39 | Report Abuse

@Happy3933... I think you are right to say that today is going to be a sunny day. Have a nice day...

Posted by kianweng123 > 2019-08-28 10:47 | Report Abuse

nik give back me the gem

Posted by Happy3933 > 2019-08-28 10:52 | Report Abuse

@88...as you mentioned before, I can sense it... kikiki... cheers to you too.

Posted by Mabel > 2019-08-28 11:33 | Report Abuse

@ 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.

Posted by calvintaneng > 2019-08-28 11:57 | Report Abuse

How come still riding on this pilot less plane?

Directors also dumping all and parachuted

Next will end up like Transmile, patimas or Megan media

Better sell and switch all into Talam now!!

Posted by calvintaneng > 2019-08-28 12:00 | Report Abuse

Mabel mabel

You must not blindly Hantam

Or else one day you will suffer losses and disappear

Then no more mabel only fable left

So don't end up being a fable ok?

Posted by Mabel > 2019-08-28 12:07 | Report Abuse

@calvintaneng How come still riding on this pilot less plane?

Better sell and switch all into Talam now!!

---

Hahaha Calvin,

I'm still holding TalamT...

What's the latest development on TalamT?

It's been pretty quiet...

Posted by BigPro > 2019-08-28 12:29 | Report Abuse

After force sell Nik shares and his own ~10.2%, anybody know who now become major share holders ?

Posted by Happy3933 > 2019-08-28 12:58 | Report Abuse

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.

Posted by W0099 > 2019-08-28 13:10 | Report Abuse

Still survive ;-))

Posted by Happy3933 > 2019-08-28 13:19 | Report Abuse

Yeah W0099.... still surviving... cheers to you.

Posted by calvintaneng > 2019-08-28 14:24 | Report Abuse

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.

Posted by OBAMAR > 2019-08-28 14:38 | Report Abuse

Ship is sinking, better run before its too late

Posted by CITADEL > 2019-08-28 14:41 | Report Abuse

buy saja la, either delisted or go 35 cents!

Posted by T800Terminator > 2019-08-28 16:15 | Report Abuse

35cent? Are you in ketum?

Posted by Happy3933 > 2019-08-28 16:38 | Report Abuse

No need to comment so much, if you like, Buy, if you don't like, don't buy... always talk cock no point... cheers...

Posted by Happy3933 > 2019-08-28 16:39 | Report Abuse

Ship is sinking ???? I like sinking ships... cheers

Posted by OBAMAR > 2019-08-28 17:08 | Report Abuse

Close at 0.03? Tomorrow 0.025 / 0.02?

Posted by youarewelcome88 > 2019-08-28 17:24 | Report Abuse

@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

Posted by Happy3933 > 2019-08-28 17:28 | Report Abuse

Tomorrow 0.025/0.020 ???? Good good good, I like it... yummy... hahaha.. cheers.

Posted by Happy3933 > 2019-08-28 17:31 | Report Abuse

@88.... aiyah, cannot even differenciate between a submarine and a sampan ? These people really something wrong !!! Hahaha

Posted by CITADEL > 2019-08-28 18:21 | Report Abuse

good result! limit up tomorrow

Posted by birkincollector > 2019-08-28 18:22 | Report Abuse

huge bomb

Posted by kianweng123 > 2019-08-28 18:29 | Report Abuse

lucky cut at 0.04 good luck

Posted by Darren95 > 2019-08-28 18:44 | Report Abuse

what the fuck... this qr loss horibble

Posted by Happy3933 > 2019-08-28 19:15 | Report Abuse

@citadel...I really like your humor... hahaha

Posted by DawsonL > 2019-08-28 19:18 | Report Abuse

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.

Posted by Chunkit Yip > 2019-08-28 19:21 | Report Abuse

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.

Posted by Chun Loke Low > 2019-08-28 19:36 | Report Abuse

@DawsonL if takeover were to happen, what will happen to the share price and company?

Posted by Chunkit Yip > 2019-08-28 19:37 | Report Abuse

Why no force sell today? because management already know this bad quarter result published today..

Posted by Newbiesky > 2019-08-28 19:41 | Report Abuse

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

Posted by DawsonL > 2019-08-28 20:04 | Report Abuse

https://www.upcounsel.com/if-company-is-bought-what-happens-to-stock

Posted by T800Terminator > 2019-08-28 20:56 | Report Abuse

Tomorrow 0.02?

Posted by Chunkit Yip > 2019-08-28 21:35 | Report Abuse

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.

Posted by Happy3933 > 2019-08-28 21:43 | Report Abuse

Tomorrow 0.02 ?? Like I said, yummy..... cheers. 0.02 please come to Papa....

Posted by DasWack > 2019-08-28 21:44 | Report Abuse

Hahahaha I dont think anything significant will happen tomorrow la chill chill

Posted by youarewelcome88 > 2019-08-28 22:12 | Report Abuse

@DasWack...I would say you are right. Its nothing new for a distress company. & I will follow @Happy3933 to buy some if the price falls to 2 sen....

Posted by DasWack > 2019-08-28 22:26 | Report Abuse

Last time armada reported huge loss because if a impairment also nothing what now still doing fine

Posted by SuperPanda > 2019-08-28 22:43 | Report Abuse

Cannot compare armada with barakah bcoz when armada take impairments for few quarters, operational still profitable around 70m.

Posted by SuperPanda > 2019-08-28 22:49 | Report Abuse

And armada is seen to be continuoulsy profitable as reflected in prev qtr and coming qtr... thats why lender still agree to refinance the debt

When it comes to financial, you need to check the figure carefully and most important, can the business continue running and make profit?

If not, you should know what to do.. good luck.

Posted by Happy3933 > 2019-08-28 23:05 | Report Abuse

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...

Posted by youarewelcome88 > 2019-08-28 23:30 | Report Abuse

@Happy3933... I believe when you said 'invest within your limit' means... No Margin Account? Safer since no kena margin call... Good advice. Cheers

Posted by Wuzy > 2019-08-28 23:37 | Report Abuse

TP 1cen =D

Posted by W0099 > 2019-08-28 23:40 | Report Abuse

dead

Posted by Happy3933 > 2019-08-29 00:05 | Report Abuse

TP 1 sen ???? Come to Papa.... will at least telan 1000 lots more to average down... please come to Papa, Barakah sayang..... cheers.

Posted by Happy3933 > 2019-08-29 00:18 | Report Abuse

@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.