I always find IB works in a weird way. In a weak market it is always prudent to sell in smaller manageable volume. Wholesale selling by the IB will not do justice to the margin account holders, and the market in general.
@youarewelcome88 I always find IB works in a weird way. In a weak market it is always prudent to sell in smaller manageable volume. Wholesale selling by the IB will not do justice to the margin account holders, and the market in general
Fir the last few weeks many shorties and IDSS are burnt in Armada..
Yes... perfect observation @Mabel. I notice that too. Armada has replaced Sapura as a favourite stocks for shorting. Shorts are for big boys. I stay away from such counter
Ever since Dr M broke up the Finance Ministry into 2...it has become HEADLESS. Clueless to what need to be done to revive the economy. Its reflected in the share market...
Aiyah... queue so long also cannot get ah... I think if you all want to get @ 0.03, you must hope for some bad news from Barakah, if not 0.035 is already cheap... cheers everybody n have a nice weekend.
Last time, someone shared here that CEO SERBA disposed his shares in SERBA is related to this counter. But seems no impact to the share here. Wonder whether the relationship is valid.
@pamie... I believe you meant me. There are a few factors that made me believe what was written. Its a bargain to acquire an O&G outfit at the current market price. The other being Barakah is a Bumiputera-run company. It's executives are actively running the company. They are hands-on managers which I find them positive. The reason why they are currently in this distress state is because of the purchase of K Laksamana 101 which they bought brand new and they took delivery of it in 2012. The world crude oil collapsed in 2014. Its distress state is not due to mis-management but turn of economic cycles. It is for that reason Barakah should be a good takeover target. To me, Serba has the financial muscles and synergies to turn Barakah around. Whether the argument is valid... well, I can only say time will tell. Cheers
@pamie... Just like us going through rough patch in life, is the same way I feel for Barakah. Its struggling to stay afloat currently. They have many friends out there who will extend their hands to them. In short... No de-listing in sight.. Ha ha & Cheers
@88... you're back... Barakah used to be the best in it's field so don't worry, you remember I mentioned before, if you are good means you are good, once Barakah cross this hurdle, our Dreams will become reality... cheers.....
@88...aiyah, you deserve more than a Proton Persona... I think at least a Range Rover... once you start to dream, don't let it stop until your dream becomes a reality.. cheers to you...
@youarewelcome88 @pamie... I believe you meant me. There are a few factors that made me believe what was written. Its a bargain to acquire an O&G outfit at the current market price. The other being Barakah is a Bumiputera-run company. It's executives are actively running the company. They are hands-on managers which I find them positive. The reason why they are currently in this distress state is because of the purchase of K Laksamana 101 which they bought brand new and they took delivery of it in 2012. The world crude oil collapsed in 2014. Its distress state is not due to mis-management but turn of economic cycles. It is for that reason Barakah should be a good takeover target. To me, Serba has the financial muscles and synergies to turn Barakah around. Whether the argument is valid... well, I can only say time will tell. Cheers
--- Sound good to me 88. This is what I think. Until we hear further good news, the White Knights is a Plan B
@Mabel... the other question is the recent resignation of Petronas senior VP Upstream... Could it be related to Barakah's suspension? If it is, then I feel it is good news for Barakah. Perhaps, another food for thought. Cheers
I believe Petronas have come to realise the negative implications in issuing the Letter of Suspension. It has virtually destroyed a PLC. What should have been done, in my opinion is just blacklist them internally. Meaning... let them bid for projects but don't award them any during the period. This manner, Barakah can still seek business opportunities elsewhere. So, Mabel... it's Plan A. An amicable solutions to both parties. Cheers
These are just assumptions only lahh hahaha I don't think so.
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Posted by Mabel > 2019-09-25 14:22 | Report Abuse
Honestly, the quicker he sells the better it is...
Let the retailers collects...and let's hope they find a new partners soon..