Posted by t816b > 2014-01-10 13:56 | Report Abuse

What's your target buy back price Anison?

Posted by Jonathan Keung > 2014-01-10 14:07 | Report Abuse

latest updates - Barakah added by Arena, CIMB & Maybank (O& G) small cap counters. Petronas awards for local O&G Co's. Barakah strong contender for other additional projects (apart from the Peninsular T+I) awarded recently. Looks like counter have more legs to run. This is my personal assessment

Posted by psd57 > 2014-01-10 14:33 | Report Abuse

lates update: a new target price very soon from CIMB. It should be above Rm 2.15

Posted by Buhkuakia > 2014-01-10 14:52 | Report Abuse

psd57 really? y didnt appear in price target here?

Posted by psd57 > 2014-01-10 15:08 | Report Abuse

soon TP

Posted by pop8872 > 2014-01-10 15:09 | Report Abuse

psd bro, tp 2.15 is when? long term or short term? i been holding barakah 1 week d..thinking to offload

Posted by psd57 > 2014-01-10 15:26 | Report Abuse

btw 1.73 & 1.74 - a whoopin 8.57m bht from seller.

Posted by psd57 > 2014-01-10 15:28 | Report Abuse

pop8872 u here. This stock hold as ur investment stock. future bright. don't contra. Much higher prices soon. Not to worry.

Posted by pop8872 > 2014-01-10 15:32 | Report Abuse

yea, bro..i already pick up this stock..just to see if good price then may lock profit 1st..

Posted by ProfitMan > 2014-01-10 15:33 | Report Abuse

judging from the trend today, there should be more upside to the price in the short term.

Posted by psd57 > 2014-01-10 15:41 | Report Abuse

ProfitMan : btw 1.73 & 1.74 - a whoopin 8.57m bht from seller. Base for the run-up!!

Posted by othman66 > 2014-01-10 15:59 | Report Abuse

Psd57......can i buy now 1.75 ?

Posted by othman66 > 2014-01-10 16:00 | Report Abuse

It!'is still cheap

Posted by pop8872 > 2014-01-10 16:02 | Report Abuse

othman66, price now stil okay to go in if u plan to hold long term..half year

Posted by psd57 > 2014-01-10 16:09 | Report Abuse

Othman 66 : 1.75 is ok. hold for mid term, feb announcement for Saudi project. Other PETRONAS contracts in the pipeline. dapat Saudi project, game changer!!!

Posted by othman66 > 2014-01-10 16:11 | Report Abuse

Psd57 thanq

Posted by othman66 > 2014-01-10 16:13 | Report Abuse

Psd57 i just bought 1.75 ...10 lots

Posted by psd57 > 2014-01-10 16:19 | Report Abuse

closing high today - Rm 1,80

Posted by Buhkuakia > 2014-01-10 16:20 | Report Abuse

othman66 should buy more :P

Posted by ProfitMan > 2014-01-10 16:24 | Report Abuse

psd56 - testing the 1.77 resistance.

Posted by Lollipot Anison > 2014-01-10 16:53 | Report Abuse

1.74 lot buyer. very strong man. look like the trend will continue for awhile more

Posted by psd57 > 2014-01-10 16:58 | Report Abuse

run up Monday new high

Posted by ProfitMan > 2014-01-10 17:11 | Report Abuse

uptrend intact.

Posted by nicky > 2014-01-10 17:14 | Report Abuse

why LA down... I bot at RM1.50

Posted by psd57 > 2014-01-10 17:30 | Report Abuse

Super Bull. When u exit Super Bull for profits, u can only enter at the next higher station.

Posted by Alex Lim > 2014-01-10 18:29 | Report Abuse

hold hold hold until contract news out

Posted by wanariwa78 > 2014-01-10 18:52 | Report Abuse

still holdings.. waiting for big ang pau b4 cny...

Posted by othman66 > 2014-01-10 21:57 | Report Abuse

Hope everybody make profit nextweek

Posted by hepitrade > 2014-01-10 22:35 | Report Abuse

othman66, next week T4?

Posted by psd57 > 2014-01-10 22:45 | Report Abuse

hepitrade. ....)

Posted by psd57 > 2014-01-10 22:45 | Report Abuse

Super Bull

Posted by hepitrade > 2014-01-10 22:48 | Report Abuse

wah, bro Psd im so glad to see u at nite.....

Posted by psd57 > 2014-01-10 22:52 | Report Abuse

hepi u ada berapa lot ah. U taiko mah, senyap jual inariw

Posted by hepitrade > 2014-01-10 22:54 | Report Abuse

i sikit lot only inari w.. that's why lo... sad sad now... i will hold this Barakah tight tight n wait for yr sell call ya(avoid making mistake again) ...tq

Posted by psd57 > 2014-01-10 23:04 | Report Abuse

hepi - jumpa dekat u punya Regain kapal

Posted by nicky > 2014-01-11 07:29 | Report Abuse

Anyone bot LA here ? Why down.

Posted by psd57 > 2014-01-11 12:05 | Report Abuse

BARAKAH IS IN CIMB MID-CAP O& G STOCKS FOR 2014. STAY INVESTED
http://news.yahoo.com/bursa-hit-2-000-point-level-181958251.html

Posted by psd57 > 2014-01-11 12:31 | Report Abuse

'despite the shorter holiday session, we expect the benchmark index to rebound with lower liners (***FBM KLCI SMALL CAP STOCKS IN THE OIL & GAS SECTOR) to CHARGE BIGGER FUNDS INFLOW' - Dr Nazri Khan, Affin Investment Bank VP/Head of retail Research
http://www.theedgemalaysia.com/business-news/271037-klci-week-ahead-klci-to-stage-an-oversold-bounce.html
GO BARAKAH GO!!

Posted by psd57 > 2014-01-11 14:17 | Report Abuse

BARAKAH IS "BULLISH & STRONG VOLUME GAINER" - Trade signum
http://www.tradesignum.com/screener/strongvolgainer

Posted by Alex Lim > 2014-01-11 17:26 | Report Abuse

psd, what is ur TP for Barakah?

Posted by psd57 > 2014-01-12 09:57 | Report Abuse

The future for barakah is bright, being a medium cap O&G player.

Posted by othman66 > 2014-01-12 19:52 | Report Abuse

psd57.....you think what is the target price?

Posted by psd57 > 2014-01-12 19:58 | Report Abuse

TP 2.30

Posted by Alex Lim > 2014-01-12 21:57 | Report Abuse

psd57. ok....close monitoring.

Posted by Maki Yoon > 2014-01-12 22:37 | Report Abuse

Based on my obversation on i3, many people were worried that Barakah-LA (7251LA) could potentially be redeemed by Barakah Offshore Petroleum Berhad ("the Company") at 0.20 per Barakah LA.

Based on my research, I feel that the chances of redemption of Barakah LA ("RCULS") by the Company is minimal.

Referring to page 9 (Point 4) of the Abridged Prospectus of Barakah, the rationale for issuing the RCULS is to enable Barakah to partially re-finance its bank borrowings and referring to page 10 (Point 5), the current interest rate of the Company is 8.1% per annum, by issuing the RCULS, they would have RM1.9million in savings per annum.

As such, these are the reasons I feel it is highly unlikely (Almost zero percent chance) that the Company will redeem the RCULS:

1. If the Company dont redeem it, they can continue to pay 3.5% interest on RCULS (Prior to issuing, they are serving 8.1% interest per annum on existing loans), which is significantly below market loan interest.

2. If they dont redeem it, there will be no cash outflow to the Company

3. It is better to let the RCULS holders to convert to Barakah mother shares because by letting them do so:

- They will pay lesser interest on the RCULS due to conversion of RCULS to mother shares (but the amount of loan they already raised is the same). Meaning they will be paying even lesser interest on the RCULS.

- No cash outflow to the Company.

4. Their directors themself are also holding the RCULS, if they redeem it, they also will lose alot of money.

Posted by DreamHunter > 2014-01-13 00:07 | Report Abuse

Any chance for RM4 in long term?

Posted by nicky > 2014-01-13 07:39 | Report Abuse

so safe to hold LA ?

Posted by Maki Yoon > 2014-01-13 08:23 | Report Abuse

I feel the chances of redemption of Barakah LA by the company is close to zero, as a redemption would defeat the purpose of issuing the RCULS (Which was to restructure their existing loans which carry interest rates of 8.1% - As stated in the Abridged prospectus). A redemption would be detrimental to the company as:

1. It will cause immediate cash flow problem due to a huge one off repayment of capital by the company.

2. An increase in interest rates to the company as it would need to seek for external loan.

Without redemption, the company has absolutely nothing to lose as:

1. No one off huge cash outflow.
2. Lesser interest cost (A conversion from RCULS to the mother shares would further lower the interest cost).

Thus I feel it is not a huge risk to hold Barakah LA. The only risk of holding the RCULS is if the mother share price shreds, instead of the redemption.

Posted by nicky > 2014-01-13 09:31 | Report Abuse

Mother shy away from RM1.80, LA cannot break RM1.50

Posted by caven101 > 2014-01-13 09:57 | Report Abuse

Barakah really is a strong counter. Even contra player quit the price still remain strong. good in future, really damn good counter.