Possibility: 1. win the claim against petronas 2. Got debt restructuring plan (3months from may if u read the news) 3. Exit PN17 (less possibility) 4. Oil Price increase 5. Company making money for 2 consecutive quarter 6. A new overseas contract
Morning @88....yes....we waited more than a year, from 0.09 keep on averaging down, lucky never give up. Already more than 100% profit. Cheers to you n all those who believe in Barakah.... meow meow meow
@Newbiesky wonder whether Mabel is still here to watch it 21/07/2020 9:02 PM
Meow Newbiesky...
Of course I'm watching. Barakah is one my favourite turnaround Battleship. I saw this ship was climbing earlier this week. I thought I should give it few days before commenting as we have seen it's been going up and down before..
Looks like the upwards trends this time remain intact. I believe the operators has collected enough...Now they are pushing it up...
Well done to those that has waited patiently..Time to collect our reward pretty soon...
BARAKAH OFFSHORE PETROLEUM BHD has just posting an excellent revenue RM23mil+ and profit RM17mil+ in the recent QR despite having PN17 status. For the record, overall performances for the period of the Financial Year Ended on 30 June 2020, its revenue so far stood at RM146,339,000 with a net profit RM22,588,000. Although the remaining QR to be reported seems tough as the real impact on COVID 19 will take hit, beyond that, we are optimistic the better stand ahead as the economy start recovering process.
With that positive ability to turnaround in the near future, a Golden Cross emerged recently.
Right now a sign of a strong bullish is confirmed!
Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD Description DEALINGS BY PRINCIPAL OFFICER IN SECURITIES OF BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") OUTSIDE CLOSED PERIOD Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Principal Officer of the Company has given notice of her dealings in the securities of the Company as follows:-
Name of Principal Officer: Haniza Binti Jaffar Description of Securities: Ordinary Shares Date of Transaction: 20.07.2020 No. of Securities Acquired: 1,000,000 % of Securities Acquired: 0.1196% Transaction Price per share (RM): 0.045 Remarks: Acquisition of shares
Vice President- Finance & Accounts officer loading and yet people are selling ? Betul or not ? Seriously. Will you still dump your money onto the sinking boat you captained ?
lol up one day say something very positive about strategy, drop one day say something very negative about conspiracy. Then your daily life would be very emotional, up n down haha.
Only up. Those profiting already shaken out . Now chasing high. Collect or not up to you. Oil price will soon recover . Financial institution will not longer able to support O&G . Many will go down.. Demand will over supply soon
lol sorry to say crude oil up or down does not affect MUCH in barakah, not even covid19. What really can make barakah spike is depend on 3 things, operator wan goreng or not, speculation and lastly is inside news. This is pn17.
barakah is still having strong cash flow of 90m. Consider steady for a tiny like barakah. Continuously granted restraining orders from creditors by high court. Actually i see there is a light in barakah. Aiyaa don’t all in la no need make life so ganjeong.
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....
youarewelcome88
1,438 posts
Posted by youarewelcome88 > 2020-07-21 19:29 | Report Abuse
@Happy3933... Pretty long wait, isn't it? The dream came at last... Cheers