@TAK1... I don't think the RM1.0 billion suit is part of the arbitration. I reckon Petronas wanted it included... nothing left hanging over its head. It could be a strategy to have it included. Cheers
@investortrader88 @Mabel.i though i was you who secretly collecting the shares .hahaha 11/12/2019 8:14 PM
Yes IV88...we in this group are definitely collecting....
However, There's a lot more than our eye can see. From my observation, the number of buyers and sellers have not reduced since August. It's only the price that has gone down.
From what I understand, markets have dedicated middlemen called Market Makers who are responsible to make sure that there is always someone to buy or sell; this ensures that all instruments have sufficient liquidity. Market Makers may decide to lower their bid on a stock based on a high number of sellers, or raise their ask for a high number of buyers.
During an investor rush to buy or sell an instrument (perhaps in response to a news release), it's possible for the Market Maker to accumulate or distribute a large number of shares, without end-investors like you or me being involved on both sides of the same transaction.
Hence, if we are buying into such an illiquid stock in the first place I don't think we would have any investment strategy, we are just putting our at as a trader and trust our animal instinct.
As a rule of thumb, it is always not advisable to buy intio any stocks that is below 100,000 volumes. Fortunately, this is not the case of Barakah. The average trading volume for the last 4 weeks is 10 times bigger than the minimal threshold. Today is even better the volume is 26X bigger than the minimal threshold.
So I recon these Market Maker are regulating this stock to keep it warm. Just to give you a flavor, today TDM is on P1 among the Plantation counters. It even beats all the expensive Plantation Stocks. You know why there's is a high interest in TDM?. It's is because of ECRL. ECRL will passed through TDM Plantation as it cruises 160 km/h.
I have been holding TDM since early this year and today the price has almost double. So it's just a matter of time when the Market Maker will starts goreng this stock again. All it needs is just one good new to spike it up again.
To good to be true...0.015 sooner than later.....but I won’t buy yet....still no visibility from the management. Major share holder abandon ship....nobody steer the boat now......not good.
@Sales Good morning Mabel! I want to buy some. May i get some advise from you? 12/12/2019 11:07 AM
Sales, all my notes are upstairs...I have been holding this stocks before they run into problems with Petronas. So now is really very cheap...Just buy and Hold. This is for next year play...
Here's why I also holding Barakah for my Tier 4 Battleships Collection
Upside....
For Barakah, I have taken out my Long-Term Investor hat and replace it with a Trader’s Hat since the market capitalization is around RM25 million and it has more liabilities than assets.
Based on information from the grape vine, what's in store for Barakah after the coming AGM end of this year is going to be interesting. They are finally taking measures to lift themselves out of financial distress state. The corporate restructuring exercise will see Barakah in general, adopting measures such as shares consolidation, issuing loan stock, rights issue & warrants. The exercise will see Barakah reborn into a debt-free company. Meaning, we have one less challenge ahead. To me, it’s a good start for 2020...
This suspension was issued post completion of the contract. The contract has been successfully carried out and completed prior to the suspension. Upon completion of the contract, positive appraisal was subsequently given by Petronas Carigali hence making the suspension unwarranted."
These are future prospects: a. Focus on bidding for more projects - Estimated tender book value of RM928 million. b. Execution of projects to sustain operations c. Orderbook of RM600 million provides earnings visibility up to 2023. d. Utilisation of pipe-lay barge KL101 - Currently on used by MCM contract, offshore of Terengganu e. Collaborate with stronger companies f. Strategic tie-up with Vallianz. g. Collaboration with Minsheng. h. To explore areas of collaboration.
Usually good companies do not have much price volatility. Failed companies have extremely large price swings because people with differing views drives the prices up and down. SO, failed companies are potential GOLD MINES for some PEOPLE. Once this is announced this stock will rocket to 0.08....that’s 400% return from current price. This is even better than my Mercedes Benz's Cycle & Carriage last month exercise which is only 70% when they decided to take it private.
For Barakah and Scomies, I have applied Warren Buffett Sifu (Ben Graham) Strategy in this engagement which is a "cigar butt" technique. You can google yourself what this strategy means.
Let's hope it's a good news soon. Once the uplifting happen, it will spikes!
I have two Tier 4 Battleships (PN17). Both are above my threshold volumes
Scomies Vangelis ( Bought after PN17) Barakah Silent Mary (Bought before PN17)
Barakah today has 2,735,800 volumes...
Compare to Scomies 220,800 volumes
These two are under my collections. Hopefully they will give some ang pow for next year..
It will be very interesting to see which one will recover first..
Usually good companies do not have much price volatility. Failed companies have extremely large price swings because people with differing views drives the prices up and down. SO, failed companies are potential GOLD MINES for some PEOPLE.
@bigfund Look like want to go up 13/12/2019 10:59 AM
The stock market only trends 20% of the time and 80 % of the time is trading sideways. Soon it will be time for Market Maker to start goreng this stocks.
All it needs is one good news to starts the sparks....
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 3249 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....
apolloang
18,163 posts
Posted by apolloang > 2019-12-04 15:51 | Report Abuse
perisai's friend