BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.065

Today's Change

-0.005 (7.14%)

Day's Change

0.065 - 0.075

Trading Volume

5,211,400


20 people like this.

16,320 comment(s). Last comment by zulmuiz 4 days ago

sirdukes

62 posts

Posted by sirdukes > 2020-08-28 09:32 | Report Abuse

still no result? when is it out??

tiruban85

95 posts

Posted by tiruban85 > 2020-08-28 15:11 | Report Abuse

hi may i ask, why 2018, 19 and 20, only 3 quarters have been reported in a single financial year?

Mike2626

73 posts

Posted by Mike2626 > 2020-08-28 16:58 | Report Abuse

They changed their financial year end

Mike2626

73 posts

Posted by Mike2626 > 2020-08-28 17:40 | 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: 74,696 Profit 2,448
FY2020 Revenue: ? Profit: ?

Posted by birkincollector > 2020-08-28 17:45 | Report Abuse

not bad...still make profits, although less

Newbiesky

792 posts

Posted by Newbiesky > 2020-08-28 18:42 | Report Abuse

can go up next week?

Mike2626

73 posts

Posted by Mike2626 > 2020-08-28 19:19 | Report Abuse

Sure. Tp 0.11

man72

321 posts

Posted by man72 > 2020-08-28 23:40 | Report Abuse

Small profit but a very meaningful

sirdukes

62 posts

Posted by sirdukes > 2020-08-29 00:03 | 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: 74,696 Profit 2,442
FY2020 Revenue: 221,036 Profit: 25,031

WOW !

bonds56

313 posts

Posted by bonds56 > 2020-08-29 22:24 | Report Abuse

EPS 3 CENTS. TUESDAY WILL UP TO 10 CTS

Snoozes

27 posts

Posted by Snoozes > 2020-08-30 05:01 | Report Abuse

The Group reported an increase in revenue by 215% during the current quarter ended 30 June 2020 compared with the immediate preceding quarter. The increase was due the higher billings issued for the PCS that includes change orders approved by the client of which project and contract already successfully completed and closed respectively in the current quarter.
Despite higher revenue, the profit before taxation decreased by 88% in the current quarter ended 30 June 2020 compared with the immediate preceding quarter mainly due to the impairment loss recognised for the vessel and property plant and equipment owned by the Group in the current quarter.

Page 19

Snoozes

27 posts

Posted by Snoozes > 2020-08-30 05:03 | Report Abuse

The future is bright!!

Elsonng90

13 posts

Posted by Elsonng90 > 2020-09-01 00:14 | Report Abuse

2mr all Ini

sirdukes

62 posts

Posted by sirdukes > 2020-09-01 07:30 | Report Abuse

Why is it that no media outlet carry this latest report as news for Barakah??

tiruban85

95 posts

Posted by tiruban85 > 2020-09-01 08:26 | Report Abuse

Hi @sirdukes, i have been following, and keeping Barakah shares since Feb 2019, been averaging since then. i have the same doubt as well, no one from Media promoting this share. Barakah is recovering, and it is a good news. i feel you too.

sirdukes

62 posts

Posted by sirdukes > 2020-09-01 08:50 | Report Abuse

Been keeping since listing day and that is many years ago.... suffering as my average still very high

Newbiesky

792 posts

Posted by Newbiesky > 2020-09-01 09:11 | Report Abuse

dissapointed

longvalley

2,287 posts

Posted by longvalley > 2020-09-02 08:32 | Report Abuse

Buy more 2 dy....

Joey23

116 posts

Posted by Joey23 > 2020-09-02 09:32 | Report Abuse

coming soon

Posted by Harimaukecik > 2020-09-02 10:35 | Report Abuse

wishfully will go up la, waited so long already. now almost look alike ziraffe...

Jmz88

126 posts

Posted by Jmz88 > 2020-09-02 10:42 | Report Abuse

already 3 consecutive green quarter results, now pending their update on completion of financial regularisation scheme to fully exit pn17

Jmz88

126 posts

Posted by Jmz88 > 2020-09-02 10:45 | Report Abuse

As i shared some time back, I first entered at 0.89 cents and continued to average down as the price plunged. Sold off with decent profits during the last price jump to 8 cents. Now re-entered and getting ready for 2nd round. It's all about timing now

taloha

206 posts

Posted by taloha > 2020-09-02 19:14 | Report Abuse

guys don’t be disappointed, if you can invest a new project property hold 3 - 4 years for completion, then hold another few more years to assume value will go up but why not in stock trading. Disregard your property will get abandoned half way, major defects, development of the area got terminated or suspended and many many factors. Try to do comparison on the risks and commitments.

taloha

206 posts

Posted by taloha > 2020-09-02 19:21 | Report Abuse

Bursa is always there cut lost cabut take about minutes. Now definitely not the right time to throw. A year ago yes, when petronas suspend barakah, when barakah fall into pn17, when white knight lecca fall from white horse. But now lol u shall hold tight

MAM2020

92 posts

Posted by MAM2020 > 2020-09-02 21:10 | Report Abuse

about to fly very very soon...TP 0.200. pending damage claims against Petronas RM82m and RM1.2b

Jmz88

126 posts

Posted by Jmz88 > 2020-09-03 09:55 | Report Abuse

Agreed @taloha. The time to run was during the whole suspension, pn17, lost of white knight etc. Barakah managed to survive through that period and now has 3 consecutive positive quarter reporting. Hold on to your seats and be patient, i believe things will move upward soon

Jmz88

126 posts

Posted by Jmz88 > 2020-09-03 09:55 | Report Abuse

I wonder if Mabel is still holding this stock? Long time no hear

Joey23

116 posts

Posted by Joey23 > 2020-09-03 09:56 | Report Abuse

Be patient, moving soon

Posted by Harimaukecik > 2020-09-03 13:58 | Report Abuse

i think everyone here waiting sabarly right?
:)

Posted by Harimaukecik > 2020-09-03 13:58 | Report Abuse

of coz the earlier it shoot up...will make everybody smiling happily here

Posted by Harimaukecik > 2020-09-04 15:33 | Report Abuse

tidor hari ni

MrShahX

40 posts

Posted by MrShahX > 2020-09-04 16:43 | Report Abuse

Oil is weak now wait untill oil start a momentum uptrend than we wait & see how it goes..if can pass 9sen sure it will go to the moon hahaha

man72

321 posts

Posted by man72 > 2020-09-05 13:07 | Report Abuse

Long term 20cts

Joey23

116 posts

Posted by Joey23 > 2020-09-05 14:08 | Report Abuse

Actually, barakah didn't direct affect from crude oil price. If u indeed understand.

Mike2626

73 posts

Posted by Mike2626 > 2020-09-06 02:21 | Report Abuse

Yep. Barakah ongoing contract until 2023. Sooner or later barakah will go up. Just newbies panic sell. And any positive news panic buy again

MAM2020

92 posts

Posted by MAM2020 > 2020-09-06 17:21 | Report Abuse

tomorrow gap up 6.5...see you to chase to 9.0

MrShahX

40 posts

Posted by MrShahX > 2020-09-07 10:20 | Report Abuse

U guyz got friend jerung team or not plz tell them to pump this caunter plz hahaha :p

sirdukes

62 posts

Posted by sirdukes > 2020-09-07 10:30 | Report Abuse

Barakah will not be able to exit PN17 if they can't get 75% of the creditors to say OK to their credit plan. It is not going to be easy correct?

MrShahX

40 posts

Posted by MrShahX > 2020-09-07 11:43 | Report Abuse

Barakah abandoned ship...!!!! Unless miracles happen lol..hahaha

Posted by Harimaukecik > 2020-09-07 14:13 | Report Abuse

pray for miracles lor...
ahhahaa

sirdukes

62 posts

Posted by sirdukes > 2020-09-07 14:30 | Report Abuse

abandoned ship?

MrShahX

40 posts

Posted by MrShahX > 2020-09-07 15:12 | Report Abuse

Sirdukes....no la just kiding maa...im stuck at 7cent lol kinda bored seing text in RED clour haha

MrShahX

40 posts

Posted by MrShahX > 2020-09-07 15:21 | Report Abuse

Guyz...im new in this bursa saham...so tell me if this counter break the 9cents resistence it will go up more or should put TP at 9cents?? Thx..

Mike2626

73 posts

Posted by Mike2626 > 2020-09-07 17:45 | Report Abuse

New dont play this counter lah. Risky hell. Oil price up barakah up. Oil price down market down, barakah standstill. Very dangerous.

Mike2626

73 posts

Posted by Mike2626 > 2020-09-07 17:51 | Report Abuse

If I am Barakah creditor, I will agree with the restructuring plan. Better than get nothing.
After Zaid Ibrahim join Barakah, their balls is big enough to sue petronas for compensation. Who is Zaid ? Can google and see.

MrShahX

40 posts

Posted by MrShahX > 2020-09-08 00:22 | Report Abuse

Zaid ibrahim is a malaysian former lawyer & politician that why he got balls to sue petronas..big name come with big responsibility hope barakah sucsess in the future lol..

man72

321 posts

Posted by man72 > 2020-09-08 16:38 | Report Abuse

Aikkk....reverse ka?

Mike2626

73 posts

Posted by Mike2626 > 2020-09-08 19:16 | Report Abuse

Panic sell. Good. Drop until 0.01 market cap 8m. Buy RM 400k to become substantial shareholder

sirdukes

62 posts

Posted by sirdukes > 2020-09-09 09:21 | Report Abuse

Why panic, any new news?

KeatBoy

8 posts

Posted by KeatBoy > 2020-09-09 10:02 | Report Abuse

Barakah has, through its firm of advocates and solicitors, Messrs. Ram Reza & Muhammad
filed a Statement of Defence and Counter Claim to PRPC on 13 March 2020 and 24 April
2020 resting on the fact that any delay which has been alleged by PRPC, was triggered by
PRPC’s failure to pay PBJV’s progress claim. The Court fixes the next Case Management to
be on 14 September 2020
Got any idea?

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