First of all Barakah has not reach a level of bankruptcy ...
Not all PN17 companies are beyond redemption ... As many gallant white knights could readily attest to. If their turnover plan is good, you can buy it at low price. Let's say if the company successfully transformed from PN17 to profitable company, you return will be very huge. Best example will be Ideal Suncity. Their shares soar more than 300% after uplift from PN17
A PN17 firm rescued by an experienced, responsible tycoon and successfully turned around with an effective and credible turnaround strategy would give much faster ROI much than a solidly performing company ... It's only logical.
BTW Calvin is playing Ping Pong with John Chew over the last few weeks in Netx . Their Ping Pong Game has now expanded to almost all counters in i3...including Barakah...
Anyway, I'm really counting on Nik to show real leadership at this point in time. KNM was also in bad shape early this year. General Lee took few measures which instilled my confidence and many others to continue invest buying at a very low price. What he did is he continue to buy and support KNM shares together with his wife and family. The market follows when they saw that...
I call KNM, the Flying Dutchman, Armada as the Black Pearl and Velesto, the Empress....
@calvintaneng...Ha ha. Calvin, you write like a clown. I doubt you understand what you have written. I am sorry to say the quality of your so-called analysis written is amateurish.
@Mabel... being a Malaysian-base O&G company, Barakah needs the confidence of Petronas. Foreign peers do look up to Petronas for guidance when giving out O&G contracts. With the suspension, Barakah is at a disadvantage. I feel Nik is no longer able to solve the suspension issues diplomatically. The entrance of Zaid Ibrahim could be the key to solving the suspension issues amicably... Cheers
Morning guys and gals..@88... hahaha, I like clowns, these clowns always think they are smarter than others but otherwise...if they are so good, they won't be here, they should be having lunch with Warren Buffet now ! Cheers.
I would like to call Barakah Battleship as "Silent Mary". She was a Spanish Royal Navy galleon that sailed in the Caribbean during the Age of Piracy. Most notably commanded by Capitan Armando Salazar, she was the pride of the Spanish Navy and its most feared pirate-hunting ship. During one of her missions, the Silent Mary was lost in the mysterious waters of the Devil's Triangle, but after years of imprisonment she returned to the Seven Seas transformed into a terrifying spectre crewed by ghosts. Her main mission was to search the seas for pirates to destroy. Carrying one hundred cannons, crewed by well-trained sailors loyal to Spain, and captained by a decorated officer Armando Salazar, the Silent Mary was soon known as the most feared pirate-hunting ship of her time.
"Pirates had infected the seas for generations, taking the life of my father and his father before, so I vowed to end this plague once and for all. And that is what I did, I destroyed dozens of ships. The last ones joined together to try defeat me but they soon realized it was hopeless. Nothing could stop the Silent Mary."
i have 650k units..13.5 then average down at 0.07, and again at 0.06, now average price is 0.097, which i think still way up. but i dont have much left. just praying. i remember when i bought with high hopes, because of the total contract award, and good news. it went up to 14.5 before went down to the price, since Feb. just waiting
Hi everyone.... it's nice to know that Barakah still got so many supporters... like what @88, oops now we got 2 @88... said.... let's just huat together n our first prize is coming soon.... cheers... Nothing is certain until the fat lady sings....
@88.... Sorry I can't hear her singing coz I'm still having my sweet dreams now. Anyway don't worry coz in my dream, she told me she is going to start singing soon..... hahaha.. cheers
Here's another reason. Sharing my adventure in the energy sectors..
Energy- U SAPNRG Energy- U Armada Energy- U Velesto Energy- U ICON Energy - M Alam M Energy-M Barakah Energy-D KNM Energy-D SERBA DINAMIK Energy-D T7 GLOBAL
U stands for Upstream business, M stand for Middle Stream business and D stand for Down Stream business. So basically my portfolio covers the whole value chain from Exploration in the upstream to distribution in the down stream business..
Barakah strengthen my position in the middle stream.
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 now has been upgraded from Category 3 to 2.
Lastly but not least, it's dirt cheap to capitalize on O&G Rally...
@youarewelcome88 thank you, it has been long, we can't fix target price as well, most important is the regularization plan which must come in place, followed by proper debt restructure, and then finally the PN17 lift. it will take time for definitely.
@tiruban85... Good Morning, I don't believe in the target price set by analyst. I leave it to the market forces to determine what the prices should be. My immediate expectation is... lifting of the suspension by Petronas. Once this is realised, all others will follow suit. Exiting PN17 will also become academic... Cheers
@youarewelcome88 @tiruban85... Good Morning, I don't believe in the target price set by analyst. I leave it to the market forces to determine what the prices should be. My immediate expectation is... lifting of the suspension by Petronas. Once this is realised, all others will follow suit. Exiting PN17 will also become academic... Cheers
+1 I'm with you !
This is what we need. Zaid to help lifting of the suspension by Petronas.
Either Petronas uplift or they have to go through the legal suits...
@Mabel... I believe many of us here are more concern about the market price. Its a long-overdue wait & it's tiring... Ha ha. You are right to say its a good opportunity time to buy. I am waiting to buy again at ridiculous price if the IB is prepared sell. Cheers
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 3324 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
23,657 posts
Posted by Mabel > 2019-10-16 22:29 | Report Abuse
Really hope he can add value to this Barakah since Barakah has two pending law suits with Petronas.
If I'm Mr P... I should be very worried..