@Mabel... Though I have yet to buy the distressed counters you mentioned, I have however Perisai with me. I bought it during the fire-sale. I bought Perisai with the same belief as Barakah.... Cheers Mabel
@Mabel... Perisai, if compared to Barakah is a more distressed PN17 company. It has until year end to regularise its financials or it faces a de-listing. I am confident Perisai, just like Barakah will pull through. Without it's listing status, they will not be able to survive in the O&G industry. Its a highly geared business.
Another plus point I have for Perisai & Barakah if compared to Sumatec, is their key shareholders. I find this factor important. Nik did not cash-out of Barakah as compared to Sumatec's key shareholder. Nik just got hit by the banking system. They stay true to their companies.
@Mabel.... On Perisai, I will find great personal satisfaction if it is re-listed on January 2, 2020. I always try to be better than the market... Ha ha
mabel barakah could just survive petronas blacklist will not be lifted barakah may just survive on bunkering alone then again it may die under icu.. camparatively, no need waste time on barakah now, wait 1 year...
You need to be the Chosen One to buy at 3 sen... Ha ha. You will notice that not many are prepared to sell at 3 sen anymore. Anyway, the best of luck to you in your buying.
Someone asked me earlier in another forum, how do I prioritize my engagements in 46 companies in KLSE and Nasdaq across 8 sectors.
What I do is to categorize my portfolio into 3 categories to priorities my engagements:
1. Buy and Engage - short to mid term 2. Buy and Hold - mid to long term 3. Buy and Forget - long term
Barakah falls into Category 3. So far it works for me as as I managed to outperform the KLCI index which is the bench I follow. Based on yesterday's news in Edge that EPF loses RM 8 Billions since end of June, I suppose I should be contented with this achievement.
Yes, Let's all HUAT together to revive Prince Barakah. As a team, we did extremely well to revive Princess Armada. She broke our 0.30 1st barrier yesterday.
We also broke our RM 1.50 Barrier in Greatec yesterday..
Greatec was also in an awkward position during June. Many investors sold off at 0.77 after taking profits from the IPO price as many IB such as Rakuten and Public Bank gave a TP 0.71 plus minus. Maybank did slightly better with a TP circa RM 1.
We did similar benchmarking exercise with Greatec's peers and we believe it can climb to RM 1.50. Yesterday, not only Armada broke the barrier, Greatec also broke the barrier of RM 1.50..
So my next question, what is the 1st barrier, we should aim for?
Hi Mabel n 88, it's good to be back after a short holiday. It's seems many of us here still have the same dream for Barakah. @88, your 8 sen 1st barrier should be matched soon. My TP is still 0.15 6 months. Cheers to all of you.
@Mabel... I was right @Happy3933 was away for holiday where Internet connection is not available... Ha ha. Welcome back Happy3933. Good to have you around
Barakah issued another Demand Notice against Petronas. Included is a declaration that notice of discontinuance dated March 30 2018 be declared null and void by the court. Couldn't trace this letter. Could this be the first notice on the suspension? Anyone? Thanks
@88.... cheers to you but I didn't go to such remote areas where there's no internet at all. Just that when I'm taking a holiday with my family, I will make sure that l really enjoyed the time.... nothing else but relaxation and have fun. I believe your time will come soon. Cheers everybody and especially to our Barakah Queen, Mabel
@Mabel... I think its already kept in the archives. Let's see what the market holds for Barakah next week, now that the supply of world's crude oil is at the mercy of cheap, unsophisticated Drones...revisiting US$100 per barrel again?
@youarewelcome88 @Mabel... I think its already kept in the archives. Let's see what the market holds for Barakah next week, now that the supply of world's crude oil is at the mercy of cheap, unsophisticated Drones...revisiting US$100 per barrel again?
@Mabel... The Saudis have to beg for mercy, on behalf of the world for the crimes it inflicted on the Houthis... The entire kingdom is now a potential targets of the cheap Drones. We could be staring at a recession next year... the world over.
One of our team read in the news the Houties.. they plan continue to attack Saudi Aramco oil base.If US doesn't increase their production oil price might surge high. US 100 per barrel may be coming soon...
@Mabel... Imagine a situation where the entire crude oil production of KSA is crippled.... I find such scenario a reality now... & its frightening to think about its far-reaching implications.
If the White Knight is smart, they will expedite the rescue to capitalize on the low hanging fruits that Barakah has to offer...
Business Outlook
Focus on bidding for more projects Estimated tender book value of RM928 million. Active participation in pre-qualification for potential future projects bidding.
Execution of projects to sustain operations Orderbook of RM600 million provides earnings visibility up to 2023.
Collaborate with stronger companies Strategic tie-up with Vallianz. Collaboration with Minsheng. To explore areas of collaboration.
Utilisation of pipe-lay barge KL101 - Currently on hire as accommodation vessel for MCM contract, offshore of Terengganu
Hence,
Short term TP : 0.045 Mid term TP: 0.08-0.15 Long term TP: Let discussed when we cross the 2nd bridge...
@Mabel... I have my reservation on the the capability of Lecca to turn Barakah around. For one, Lecca is a One-man run company. I don't feel good about it.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3400 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mabel
23,658 posts
Posted by Mabel > 2019-09-13 09:04 | Report Abuse
Next Miles Stone is Q3 Reports circa November. I look forward to see improvements from the Q2 Results..