BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.055

Today's Change

+0.005 (10.00%)

Day's Change

0.05 - 0.055

Trading Volume

14,058,400


20 people like this.

16,346 comment(s). Last comment by Kotaro 1 week ago

psd57

2,314 posts

Posted by psd57 > 2014-01-13 10:08 | Report Abuse

Creatin base at Rm 1.75 before uptrend. Same pattern . 2014 Rm 3.50 to 4.00. Stay Invested and enjoy the ride

Posted by coca1030 > 2014-01-13 10:23 | Report Abuse

Can buy now?

nicky

3,351 posts

Posted by nicky > 2014-01-13 10:27 | Report Abuse

RM1.72 doing low now

summer22

37 posts

Posted by summer22 > 2014-01-13 10:28 | Report Abuse

please advice is it good price to price now? hehe

pop8872

928 posts

Posted by pop8872 > 2014-01-13 11:03 | Report Abuse

yes..hold til feb/march, then u will make some $$

junior10

98 posts

Posted by junior10 > 2014-01-13 11:32 | Report Abuse

This is a good counter even research house in yesterday's news paper chose Barakah as O&G counter for 2014

sjou

129 posts

Posted by sjou > 2014-01-13 11:49 | Report Abuse

breaking up trend be caution........

kimtj

4,270 posts

Posted by kimtj > 2014-01-13 11:53 | Report Abuse

Buy now. Good luck!

aiman168

799 posts

Posted by aiman168 > 2014-01-13 12:05 | Report Abuse

good counter, good future.. be rich guys

JCool

961 posts

Posted by JCool > 2014-01-13 12:35 | Report Abuse

HLBs write up is half past six.... n awangngah i m afraid u r wrong.... my man

While.. damned if d LA is redeemed is obvious...

It seems to me all around here has not a clue of d impact if d LA is not redeemed

If u r thinking of buying d LA now at 1.45 thn happily convert it to d mother n sell at 1.75... n in d process making a tidy profit.... think again

Do u all know d number of LA issued by Barakah?!

Let me tell u.... it is 208,000,000... 208 millions

So...... do u get it now??

No.....

Ok........ let's assume u know d number of shares issued by Barakah now is 624,000,000....... now add d 208,000,000 new shares from d conversion of ur LA......... CAN U IMAGINE D DILUTION IN EPS tis is going to cause?? It wil b a freaking 25%...... as d share cap wil thn balloon to 832,000,000

So..... as d EPS is diluted.... d mother's price wil b hit by a reduction of 25% to 1.31... ie 1.75 x (100-25)%

Down to 1.31... but hey u hv bot ur LA at 1.45...

n so oh yes .... damned too if d LA is not redeemed

But of cos d one suffering d most wld b those who bot d mom.... 25% loss to b exact...

nicky

3,351 posts

Posted by nicky > 2014-01-13 12:57 | Report Abuse

Conclusion ? Sell Barakah ? Or LA

Maki Yoon

11 posts

Posted by Maki Yoon > 2014-01-13 14:25 | Report Abuse

I feel won't be doomed. If Barakah secure Saudi contract, barakah mother would reflect upward. Besides, not everybody will convert to mother shares immediately, so no immediate dilution.

Maki Yoon

11 posts

Posted by Maki Yoon > 2014-01-13 14:27 | Report Abuse

JCool's statement is if all of RCULS holders opt to convert instantly. In reality, that would not be that case that everyone will convert. If you believe in the company's future prospects, then conviction should be to buy or hold. If otherwise, sell would be better.

Maki Yoon

11 posts

Posted by Maki Yoon > 2014-01-13 14:29 | Report Abuse

Btw, if the company's future earnings prospects are good in the long run, should not be worried too much about dilution, as the "E" in the EPS will move in tandem or higher with the "S".

JCool

961 posts

Posted by JCool > 2014-01-13 14:33 | Report Abuse

if..... a big IF.....

Maki.... jz think a bit ok.... if u r a holder of d LA... wld u want to wait n let other holders of d LA convert first b4 d dilution so tat they can sell at 1.75...... n u b d last to convert n sell at 1.31?

Maki Yoon

11 posts

Posted by Maki Yoon > 2014-01-13 14:35 | Report Abuse

JCool, I don't want to argue with you. I am just stating facts.

caven101

911 posts

Posted by caven101 > 2014-01-13 16:18 | Report Abuse

About the LA please back to LA discuss. Who are believe on Barakah counter can just continue stay. if who are worry please just sell it out, don't try to disturb other supporter at this forum. Thanks

ProfitMan

2,094 posts

Posted by ProfitMan > 2014-01-13 16:58 | Report Abuse

Price still holding well.

nicky

3,351 posts

Posted by nicky > 2014-01-13 17:00 | Report Abuse

Caven101: just a discussion here. Don hv to be harsh. This forum is for us to discuss either positive or negative. We all hv the right to rise our question

Posted by Lollipot Anison > 2014-01-13 18:52 | Report Abuse

volume become thin

Alex Lim

588 posts

Posted by Alex Lim > 2014-01-13 19:36 | Report Abuse

4 days up 26 sen. today down 2 sen...ok....not bad....

hepitrade

5,290 posts

Posted by hepitrade > 2014-01-13 19:40 | Report Abuse

Lollipot, volume become thin means everyone hold tight or ??

caven101

911 posts

Posted by caven101 > 2014-01-13 19:47 | Report Abuse

nicky i just want to mention this is discussion for Barakah. cause too much sharing which is out this counter. last time got one post is talking about HIBISCUS PETROLEUM BHD
at here....that will very confuse for us.

ProfitMan

2,094 posts

Posted by ProfitMan > 2014-01-13 19:53 | Report Abuse

2 sen down on thin voume is not bad. Probably indicative of investors staying invested for the time being with an expectation of another run up in price.

Maki Yoon

11 posts

Posted by Maki Yoon > 2014-01-13 20:56 | Report Abuse

Agree with nicky.

Eventually RCULS will dilute Barakah mother shares. Nothing wrong to share about Barakah RCULS here to potential or existing investors

In fact, it gives more information to investors as it creates awareness. Freedom of posting belongs to anyone. It is how you assimilate the information that matters.

DreamHunter

10,922 posts

Posted by DreamHunter > 2014-01-14 00:45 | Report Abuse

Any good idea how high the next run up will go?

JCool

961 posts

Posted by JCool > 2014-01-14 09:06 | Report Abuse

Tis redemption thingy.... has great impact.... n is gonna happen in jz months..... not years


While HLB is betting thr wil b no redemption....

MBBs stance is rather unclear... as it has not mentioned tis redemption at all..... so either its stance is...

thr wil b redemption.. as such.. no dilution.... n thus..... in total disagreement wit HLB...

Or..

in d worst case scenario...... it has missed d redemption thingy..... n hv not factored in d dilution in EPS.... tis can only means its TP of 1.98 is grossly overstated by 25%... or shd in fact b jz 1.48....

Tis is specificaly dedicated to u.... caven... to u n ur dictatorial tendency..

but hey dont blame me.... i m jz stating d facts

kimtj

4,270 posts

Posted by kimtj > 2014-01-14 18:17 | Report Abuse

Buy

hasruld

47 posts

Posted by hasruld > 2014-01-14 23:06 | Report Abuse

Not to worry on this counter fif you r long -term investor

dralhg55

29 posts

Posted by dralhg55 > 2014-01-15 07:16 | Report Abuse

As usual mus do TA then and predic impac

nicky

3,351 posts

Posted by nicky > 2014-01-15 12:43 | Report Abuse

Down ...

Alex Lim

588 posts

Posted by Alex Lim > 2014-01-15 17:49 | Report Abuse

as usual, market down...so people panic and selling lo...

Joel

4,580 posts

Posted by Joel > 2014-01-15 20:49 | Report Abuse

winner = able to sell to take profit.
Losser = Dun want to sell, keeep & keep & hold long time like fall in love
with the counter; greedy.

Joel

4,580 posts

Posted by Joel > 2014-01-15 20:51 | Report Abuse

玩股票就是这样子,赢了钱就要舍得离开。

kimtj

4,270 posts

Posted by kimtj > 2014-01-15 21:30 | Report Abuse

Heheh.. Dont panic.. Just wait a few days.. Or few months? Sell on February

junior10

98 posts

Posted by junior10 > 2014-01-15 22:38 | Report Abuse

几个月......死

SJSOON

2,576 posts

Posted by SJSOON > 2014-01-15 23:52 | Report Abuse

@kimtj: Be frank, what do you hear about this counter and why do you recommend a buy call? And, how do you know sale in February? Sound like you know something behind.

django3

12 posts

Posted by django3 > 2014-01-16 00:56 | Report Abuse

Price correction for the next step ...

kimtj

4,270 posts

Posted by kimtj > 2014-01-16 08:52 | Report Abuse

SJSOON: PM me or go to myplace type "wahsei" on google. i'll be frankly to you. But hold or buy more as you can. No banghead. That's all Good luck!

nicky

3,351 posts

Posted by nicky > 2014-01-16 10:21 | Report Abuse

Game over.. I bot LA RM1.50

SJSOON

2,576 posts

Posted by SJSOON > 2014-01-16 10:38 | Report Abuse

@kimtj: Because I also have heard same news as you do.

SJaladdin

420 posts

Posted by SJaladdin > 2014-01-16 11:00 | Report Abuse

engine start!?!

nicky

3,351 posts

Posted by nicky > 2014-01-16 11:03 | Report Abuse

Alive............

nicky

3,351 posts

Posted by nicky > 2014-01-16 11:05 | Report Abuse

LA very slow compared to mother

kimtj

4,270 posts

Posted by kimtj > 2014-01-16 11:05 | Report Abuse

heheh.. BUY larr

SJaladdin

420 posts

Posted by SJaladdin > 2014-01-16 11:06 | Report Abuse

dont miss the ride baby!

kimtj

4,270 posts

Posted by kimtj > 2014-01-16 11:07 | Report Abuse

You'll shock fly in a few days!

nicky

3,351 posts

Posted by nicky > 2014-01-16 11:35 | Report Abuse

huh... few minutes only pull back again

Posted by coca1030 > 2014-01-16 11:45 | Report Abuse

Still can buy now?

SJaladdin

420 posts

Posted by SJaladdin > 2014-01-16 11:51 | Report Abuse

can if u plan to hold mid term

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