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

rocketjet

473 posts

Posted by rocketjet > 2014-02-25 15:18 | Report Abuse

I queue to buy at 1.58 this morning. Lucky managed to cancel the queue. If not would have cry all the way from the bank.

kiong24

43 posts

Posted by kiong24 > 2014-02-25 15:41 | Report Abuse

what happen again ..... drop so much

Posted by LuckyLucky > 2014-02-25 15:41 | Report Abuse

crawler... what good news coming soon?

Posted by Lollipot Anison > 2014-02-25 15:47 | Report Abuse

bought some at 1.53

rocketjet

473 posts

Posted by rocketjet > 2014-02-25 15:55 | Report Abuse

Should wait.. tmrw can get 1.40 .

MikeT

204 posts

Posted by MikeT > 2014-02-25 16:10 | Report Abuse

i think better wait till rm 1.00

crawler

4,829 posts

Posted by crawler > 2014-02-25 16:12 | Report Abuse

hahaha..better don't buy then :)

JimYeoh

1,514 posts

Posted by JimYeoh > 2014-02-25 16:31 | Report Abuse

game over?

Posted by inikalilah888 > 2014-02-25 16:35 | Report Abuse

short selling??

Posted by chelseazola > 2014-02-25 16:36 | Report Abuse

What have went up will drop and undergo correction. Better sell it and buy at low

kiong24

43 posts

Posted by kiong24 > 2014-02-25 16:41 | Report Abuse

so fast game over ... still in game

caven101

911 posts

Posted by caven101 > 2014-02-25 16:41 | Report Abuse

why so panic sell? did any bad news for this counter? no rite...why so lower Gas and Oil company also want to sell it? this is potential counter...

lee9fold

4,730 posts

Posted by lee9fold > 2014-02-25 16:47 | Report Abuse

of coz shark want to collect as low as possible b4 play up...yet ppl panic selling... its an unchange trend everytime

caven101

911 posts

Posted by caven101 > 2014-02-25 17:05 | Report Abuse

Annual General Meeting will be held on 19 March 2014 at 11:00 a.m. next month just will have the outcome, why so panic sell to let the big shark keep on collect?

peiyee

178 posts

Posted by peiyee > 2014-02-25 17:37 | Report Abuse

yeah loh. And there is no bad news. I wonder why I should sell off.

Posted by golden_horse > 2014-02-25 17:47 | Report Abuse

dont panic...ppl sell out i collect now...stock investment is not base on 1-2 days trading only...sometimes it up..sometimes it down...i dont thk barakah is lousy company..

accheah

6 posts

Posted by accheah > 2014-02-25 18:02 | Report Abuse

Any news about Middle East Project ? Confirm or not Confirm awarded.

kiong24

43 posts

Posted by kiong24 > 2014-02-25 18:02 | Report Abuse

all contra kaki selling it off

8u29song

2,850 posts

Posted by 8u29song > 2014-02-25 18:10 | Report Abuse

Financial report out today, qt good profit !

see how the reaction tomorrow.

Posted by jazzymoments > 2014-02-25 18:19 | Report Abuse

@8u29song what financial report?

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 18:26 | Report Abuse

EPS of 0.6 sen for the latest quarter. Tomorrow all hell break loose

8u29song

2,850 posts

Posted by 8u29song > 2014-02-25 18:28 | Report Abuse

Audited annual report

8u29song

2,850 posts

Posted by 8u29song > 2014-02-25 18:33 | Report Abuse

eps +24% to 8.5 sen

kaq4468

21,497 posts

Posted by kaq4468 > 2014-02-25 18:33 | Report Abuse

heavy discounted price...this's moment that i'm waiting for past 3 months..

enjoy collecting cut off price... happy trading..

Icon8888..can u explain meaning of "all hell break loose" and reason for it?

Posted by Albert Baker > 2014-02-25 18:36 | Report Abuse

Annual report also out. Revenue & profit after tax, increase from 2012. So ...lets see tomorrow.

caven101

911 posts

Posted by caven101 > 2014-02-25 18:38 | Report Abuse

This is annual financial report 2013 mean only the last quarter result is from Barakah rite? accumulate whole year result that why profit look lower. am i right? is that mean barakah still is a good counter to keep rite?

jasonor

1,004 posts

Posted by jasonor > 2014-02-25 18:44 | Report Abuse

result is good onot?

newboy

745 posts

Posted by newboy > 2014-02-25 18:56 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1548317

Oct to Dec 2012: Nett Profit is RM16mil
Oct to Dec 2013: Nett Profit is RM3.9mil

caven101

911 posts

Posted by caven101 > 2014-02-25 18:58 | Report Abuse

Any expert can explain on this annual report? the counter still in good or not? what will happen on tomorrow market?

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 19:00 | Report Abuse

kaq4468, i mean there might be selling pressure tomorrow. the quarterly result surprised on the down side.

base on RM1.50 share price, even if premium PER of 20 times, the EPS should be RM7.5 sen, or 1.9 sen per quarter. But the latest quarter EPS of 0.6 sen is only 30% of 1.9 sen.

So there might be knee jerk reaction to sell tomorrow

just my 2 cents

newboy

745 posts

Posted by newboy > 2014-02-25 19:03 | Report Abuse

by the quarter reports, it doesnt looks good tomorrow. alot of ppl including me is hoping that the quarter report will reflect its earning positively. this is shocking and tomorrow panic selling will set in.

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 19:04 | Report Abuse

long term the potential is very good.

newboy

745 posts

Posted by newboy > 2014-02-25 19:06 | Report Abuse

ya..agree. only if you have the patience and heart made of steel. Well at least late comers can bottom fish tomorrow. possible to slide down to RM1.40 - RM1.30?

peiyee

178 posts

Posted by peiyee > 2014-02-25 19:10 | Report Abuse

Then why the institutional is selling?

peiyee

178 posts

Posted by peiyee > 2014-02-25 19:11 | Report Abuse

I choose this stock based on analyst recommendation.

8u29song

2,850 posts

Posted by 8u29song > 2014-02-25 19:12 | Report Abuse

what if the co. wins projects from middle east ???

newboy

745 posts

Posted by newboy > 2014-02-25 19:15 | Report Abuse

guys....i extracted this from Maybank.

"1QFY14 results are expected to be released in a fortnight. Profits are likely to be sequentially weaker on seasonal trends, owing to lower: (i) pre-commissioning works and (ii) utilisation of KL 101. 2QFY14 will likely mirror 1Q’s performance before stronger results in the Apr-Sep (3Q, 4Q) period.

Barakah will recognise 15 months of earnings (i.e. up to Dec 2014) as it changes its FYE to Dec. As such, we have moderately raised FY14 earnings forecasts by 11% to incorporate the additional 3- month impact. Nonetheless, there is upside to earnings should it successfully refinance its MYR188m debt by Mar 2014 with potentially lower interest rates of 5% versus 8.1% now. This could save Barakah MYR6m p.a. in interest costs. "

watch out for the debt refinance by Mar 2014. But i think the refinance will be pushed thru.

Posted by Lollipot Anison > 2014-02-25 19:18 | Report Abuse

no worries la. When the petronas contract started, then you will see the profit showing in the next report.

Anw412

128 posts

Posted by Anw412 > 2014-02-25 19:18 | Report Abuse

perhaps lower profit including the listing/reverse takeover cost..

caven101

911 posts

Posted by caven101 > 2014-02-25 19:20 | Report Abuse

sure tomorrow will have panic sell continue...cause people will take profit first. will let it drop until low price just collect back.

8u29song

2,850 posts

Posted by 8u29song > 2014-02-25 19:21 | Report Abuse

isn't tomorrow is the good chance to accumulate some ?

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 19:23 | Report Abuse

yes.... tomorrow is the time to buy... i have been circling barakah like a vulture when it was actively trading at 180, but decided to hold back, as valuation is stretched. if tomorroow falls to 140, will enter

anulus81

276 posts

Posted by anulus81 > 2014-02-25 19:26 | Report Abuse

will standby at 1.40 too

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 19:27 | Report Abuse

tomorrow i queue at 141.. : )

qwertyuiop

587 posts

Posted by qwertyuiop > 2014-02-25 19:47 | Report Abuse

Wondering you guys know how to see report or not. LOL .. Why all seem so lan panic? hahaha. Go study how to see the financial report first la.

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 19:48 | Report Abuse

how ?

kaq4468

21,497 posts

Posted by kaq4468 > 2014-02-25 19:54 | Report Abuse

Dear qwertyuiop..

Based on your understanding for latest financial report released..what is your prediction for tomorrow movement ?

qwertyuiop

587 posts

Posted by qwertyuiop > 2014-02-25 20:03 | Report Abuse

No one can predict, just panic seller may sell off. Always remember that petronas project hasnt started yet and believe in this company base. If you bought at 1.7, 8 ++ , just relax as depositing your money in bank. If want collect, tomorrow maybe a good day. HAHA !

wee888

303 posts

Posted by wee888 > 2014-02-25 20:08 | Report Abuse

Somebody is unloading the shares; am waiting for 1.40

Icon8888

18,658 posts

Posted by Icon8888 > 2014-02-25 20:27 | Report Abuse

to be honest, this is a sexy babe. if falls to 140, will makan

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