Posted by sirdukes > 2020-08-11 15:44 | Report Abuse

what happened after the restraining order expired?

Posted by Newbiesky > 2020-08-11 16:24 | Report Abuse

syah919, at least la, kasi Dia diri teguh kat 8 sens
haha

Posted by moneytr33 > 2020-08-11 18:58 | Report Abuse

TP 0.15 boleh?

Posted by taloha > 2020-08-11 19:17 | Report Abuse

@sirdukes u r welcome :)

Posted by taloha > 2020-08-11 19:28 | Report Abuse

@Syah919, ofcuz not a good news haha but i believe they will try get another extension from high court. Barakah had been granted restraining order since 2018. Creditors definitely not happy about it, just like individual seek help from AKPK agency which could stop bank to proceed with legal action against you.

Posted by iamismail > 2020-08-12 12:44 | Report Abuse

All over market has comeback to rebound. Afternoon will rebound back.. Tommorow will green again. Normal market correction

Posted by Harimaukecik > 2020-08-12 13:30 | Report Abuse

but this time correction cukup menakutkan

Posted by iamismail > 2020-08-12 13:45 | Report Abuse

Watch XInhwa 5267, looking good in this choppy market. Currently at support level. Hurry up!! Will close higher today !! After lunch will Rocket.
Sharing is caring. Don't miss it

Posted by budakbaik > 2020-08-12 20:25 | Report Abuse

rilex ... i bought BARAKAH since it price 0.120 until it drop to 0.010 ... got bad experience when pok nik disposed his share lots by lots... but i still here because still believe in BARAKAH.( new management now).. all of this will make u more matured... BARAKAH will fly high... go go BARAKAH

Posted by Harimaukecik > 2020-08-13 10:57 | Report Abuse

today's calm...no signal to shoot up

Posted by Joey23 > 2020-08-13 11:09 | Report Abuse

Coming soon

Posted by kymlym > 2020-08-14 10:52 | Report Abuse

when coming leh?

Posted by Harimaukecik > 2020-08-14 11:04 | Report Abuse

white horse belum report in

Posted by kymlym > 2020-08-14 12:12 | Report Abuse

when is the white horse reporting for duty?
hahaha....

Posted by Harimaukecik > 2020-08-14 14:15 | Report Abuse

ya...everybody's waiting. hahaha....belum c u at 10c lagi

Posted by maxprofit2020 > 2020-08-14 17:16 | Report Abuse

today's volume only 13M , majority ppl are still holding stock at T+3 (from Tue).
based on TA, it is going to reach bottom soon, expect a gap up to test 0.09 resistance by next week.

Posted by Mabel > 2020-08-15 10:34 | Report Abuse

Meow Meow Meow

See you all when it cross 10 sen..

Meow

Posted by sirdukes > 2020-08-16 16:54 | Report Abuse

when can barakah hit 30 cents?

Posted by longvalley > 2020-08-16 19:02 | Report Abuse

August news.........
Just waiting......!!

Posted by sirdukes > 2020-08-16 20:49 | Report Abuse

when is it out?

Posted by sirdukes > 2020-08-17 08:33 | Report Abuse

any idea why owner selling? saw a bursa announcement back in June....

Posted by Harimaukecik > 2020-08-17 10:24 | Report Abuse

mari mari see u at 10c

Posted by JK22 > 2020-08-17 10:34 | Report Abuse

@ sirdukes .Don't know

But in July, any idea why Vice President, Finance & Accounts Acquired ?

Posted by sirdukes > 2020-08-17 16:20 | Report Abuse

she only buy 1mil, but owner sell so much more I think I saw 10mil unit

Posted by JK22 > 2020-08-17 17:12 | Report Abuse

She is an accountant and in finance and her 1 mil units is not small money .

and

Go read more about reason why owner selling. Do some homework.
+++++++++++
Name NIK HAMDAN BIN DAUD
Descriptions(Class) Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of transaction
Nature of Interest
11
16/06/2020
6,895,500
Disposed
Direct Interest
Name of registered holder Nik Hamdan Bin Daud
Description of "Others" Type of Transaction
Consideration (if any) 0.035 per share

Circumstances by reason of which change has occurred Disposal of shares by Kenanga Investment Bank Berhad in open market to rectify shortfall of personal margin account position.
Nature of interest Direct Interest

Posted by sirdukes > 2020-08-17 17:17 | Report Abuse

What does the above mean? Can explain? Tq

Posted by Mike2626 > 2020-08-17 18:43 | Report Abuse

Waited for this for a year. My first buy was 0.10 before PN17 and average down. Happy to see the last 2 QR result. This coming QR will be profit or loss ? CFO buying 1000 shares at 0.045 I believe it will be a green one. And then follow with a debt restructuring news, win the RM 1.02B claim against petronas, a new contract from Petrofac, and lastly exit from PN17.
Just wandering why Pok Nik not accumulating the shares.
This company can make PAT 17m even the revenue was only 23m. Means the operating cost is only 6m ? This part I reli dont understand. Need some expert to explain.

Posted by Chunkit Yip > 2020-08-17 19:33 | Report Abuse

Mike, barakah need to pay exim bank 6m us dollars per month as per loan,but default to paid it at sep 2019. So why the operating cost slightly decrease.

Posted by Chunkit Yip > 2020-08-17 19:34 | Report Abuse

Sorry,60k us dollars per month,mean 2.4m ringgit per month

Posted by taloha > 2020-08-17 19:48 | Report Abuse

restraining orders granted by high court again expect to fly up abit tomorrow.

Posted by Newbiesky > 2020-08-17 20:05 | Report Abuse

hopefully taloha. been waiting it to pass 10 cents

Posted by taloha > 2020-08-17 20:06 | Report Abuse

why nik dispose his shares? it is due to margin call. why margin call need to dispose? because to keep his holding he need to top additional cash. why need to top up because the value of shares drop drastically and is below broker requirement. why not nik just top up because no extra cash on hand lorr. Can try to google “margin call” to get a clearer picture.

Posted by investorbat > 2020-08-17 21:33 | Report Abuse

barakah fall into pn17 on may2019,they have extended time of 24months to summit restructure plan,so no problem until may 2021

Posted by investorbat > 2020-08-17 21:44 | Report Abuse

2019 annual report up to 30 june 2019 they still have around 84mil cash,minus sep q loss 5.7m,plus the earning ofthe last 2 q of 28mil ,they should have around 105mil cash in hand. i think negotiation of interest repayment in progress

Posted by Mike2626 > 2020-08-18 14:06 | Report Abuse

UALA LUMPUR: Barakah Offshore Petroleum Bhd has returned to the black, posting a net profit of RM17.52mil in the third quarter ended March 31,2020 due to the settlement of debt with one of the group’s sub-contractors.


In a filing with Bursa Malaysia, the group said its wholly owned subsidiary PBJV Group Sdn Bhd served a notice of arbitration at the end of last year to Mersing Construction & Engineering Sdn Bhd to claim a sum of RM56.81mil in connection with subcontract dated April 4,2016.

Posted by Mike2626 > 2020-08-18 14:07 | Report Abuse

@investorbat, 105m-56.81m = 48.19m cash balance ?

Posted by sirdukes > 2020-08-19 17:00 | Report Abuse

so far all indications are positive. when will the 4 court cases with Petronas finalise? Not sure of the progress and unable to google and latest status

Posted by Mike2626 > 2020-08-19 19:00 | Report Abuse

Oil and gas company like dialog, petra, petgas, heng yuan, dayang all doing good. What about barakah

Posted by Joey23 > 2020-08-21 17:44 | Report Abuse

good collection this week

Posted by sirdukes > 2020-08-23 18:55 | Report Abuse

next week we will see the annual 2020 report out? will it be good

Posted by sirdukes > 2020-08-23 19:07 | Report Abuse

I wonder how the result would be

Posted by kenul80 > 2020-08-24 15:36 | Report Abuse

Reference is made to the announcement made by the Company on 19 May 2020 in relation to the High Court Order dated 19 May 2020 (“the Order”) pursuant to Section 366 and 368 of the Companies Act 2016.

The Board of Directors of Barakah wishes to announce that its wholly-owned subsidiary PBJV Group Sdn Bhd (“PBJV”) had today applied to the High Court of Malaya at Kuala Lumpur pursuant to Sections 366 and 368 of the Companies Act 2016 (“the Act”) and have been granted an extension of the Order for a further period of three (3) months. The extension of the Order shall commence from 18 August 2020.

The Order was applied for as part of proactive measure by PBJV to manage the debt levels of PBJV and its related companies (“Barakah Group”) and the Order allows the Barakah Group to negotiate terms with its lenders and creditors without having the threat of any proceedings and actions being brought against PBJV.

The restraining order is not envisaged to have any material financial and operational impact to the Barakah Group.


Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 17 August 2020.

Posted by kenul80 > 2020-08-24 15:38 | Report Abuse

so another round of extension on top of previous extension?

Posted by Harimaukecik > 2020-08-25 13:11 | Report Abuse

no movement
next EPS date 28/8?

Posted by sirdukes > 2020-08-26 09:01 | Report Abuse

EPS? What;s EPS? Yearly result today ya?

Posted by sirdukes > 2020-08-26 16:25 | Report Abuse

that's new.... normally it is wednesday... been looking into their many quarters announcement.... is it any good?

Posted by sirdukes > 2020-08-26 16:30 | Report Abuse

30 Sept 19 Revenue: 56,251 Profit -5,777
30 Dec 19 Revenue: 66,381 Profit 10,842
30 Mar 20 Revenue: 23,708 Profit 17,524
30 Jun 20 Revenue: ? Profit ?
FY2020 Revenue: ? Profit: ?

Posted by Durrrr > 2020-08-26 17:09 | Report Abuse

last min buyer mari
QR super good?
PN17 Uplift?

Posted by Harimaukecik > 2020-08-26 17:40 | Report Abuse

tomolo will see if it continues or not loh...

Posted by Newbiesky > 2020-08-26 23:23 | Report Abuse

been in the region of 6.5 sens a few days