@calvintaneng Already warned barakah when it was 10 Now 80% gone
Anyone got zelan?
Better sell all before Zelan also crash by 80% 21/12/2019 4:52 PM
Thanks for the advice. Zelan is doing Construction. However I already have Gamuda, Gadang, Ekovest, AZRB, Ikhmas, MRCB and, Sunway under this portfolio.
It will be quite interesting to see which one will recover first between Barakah and Scomies. I have put my stakes in these two Battleship in my collection.
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BARAKAH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BARAKAH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -29.7% per year.
@Happy3933 Are we seeing 0.03 before the year ends ? Meow meow meow. 30/12/2019 9:27 AM
Absolutely Happy!
Stable Cash Runway: Whilst unprofitable BARAKAH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BARAKAH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -29.7% per year.
@Mabel... I believe none of us attended the meeting. I however find the renewed buying support somewhat comforting. The so-called Rent of KL101... could be a way out to circumvent the 3-years suspension via a 3rd friendly party. The new investor will bid for the projects & KL101 will be utilised to fulfil the contract. Legally this is workable... Cheers
Wow...so long not see Barakah...big profit here last time....buy 9 cents sell 14.5 cents.....then keep droping until now....so sad who still stuck here....hope can up back soon......
@youarewelcome88 @Mabel... I believe none of us attended the meeting. I however find the renewed buying support somewhat comforting. The so-called Rent of KL101... could be a way out to circumvent the 3-years suspension via a 3rd friendly party. The new investor will bid for the projects & KL101 will be utilised to fulfil the contract. Legally this is workable... Cheers 30/12/2019 7:44 PM
“They (Petronas) did give us a three-year suspension. [However,] in general we are open. It knows we are a serious local company built from scratch in 2000.
“Petronas and other major operators know our capabilities. Locally, we have delivered RM4.3 billion worth of projects since 2000. Our contribution to the industry cannot be denied.
Our tender book, at RM800 million, is not big now. That is why in the first quarter of 2020, we need to be very aggressive in our approach.”
Locally, Barakah plans to offer its expertise such as pipeline maintenance and minor fabrication to clients from other industries. However, that will take some time considering the licensing involved.
The only good news: It is still allowed to complete its existing and ongoing contracts in Malaysia, now at some RM450 million outstanding.
The group is not hopeful for a quick resolution to the suspension. As such, it is seeking alternative sources of income beyond Malaysia, such as in Vietnam, Brunei and Thailand where cabotage laws are less stringent.
“There are also [opportunities in] other services such as pipeline pre-commissioning, topside maintenance and repair which we can easily offer to the rest of the region while still adhering to local requirements in terms of cabotage assets,” said Nik Hamdan.
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Posted by Mabel > 2019-12-21 22:13 | Report Abuse
@calvintaneng Already warned barakah when it was 10
Now 80% gone
Anyone got zelan?
Better sell all before Zelan also crash by 80%
21/12/2019 4:52 PM
Thanks for the advice. Zelan is doing Construction. However I already have Gamuda, Gadang, Ekovest, AZRB, Ikhmas, MRCB and, Sunway under this portfolio.
It will be quite interesting to see which one will recover first between Barakah and Scomies. I have put my stakes in these two Battleship in my collection.
Cheers!