Posted by Icon8888 > 2014-02-25 20:31 | Report Abuse

muscle, the 60 sen is history. since then a lot of things had happened to transform barakah. so the 60 sen not relevant anymore

Posted by qwertyuiop > 2014-02-25 20:33 | Report Abuse

lol, muscle. Petronas's project is fake?

Posted by Icon8888 > 2014-02-25 20:35 | Report Abuse

a lot of muscle no use... must got brain also...

Posted by brendonyeap > 2014-02-25 20:35 | Report Abuse

Lets open net at 1.40!! hope there will be free fall tomorrow!

Posted by kaq4468 > 2014-02-25 20:39 | Report Abuse

Price dropped from RM 1.9 ( 2 weeks ago )to RM 1.5 as per today closing hours before financial report released ..already cut off by RM 0.40 ..
Selling till last hour before official financial report announced ..
Selling by who ? sure by someone who already know the report outcome..Big Fish..

mean they already sell off at the limit..as low as RM 1.520..

migh get as low as RM 1.40 by tomorrow ?

Why are they not push selling up to RM 1.40 this afternoon if RM 1.40 is fair price for Barakah after announce only 3 mil net profit ?

Or it will turn to closing in green colour tomorrow ?

Posted by Icon8888 > 2014-02-25 20:41 | Report Abuse

U r right. 140 might be a bit tough. It closed at 156. Maybe can queue 150

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

From the annual report 2013:

Profit before tax increased by 45.8% to RM57.6 million,
compared to the RM39.5 million achieved previously.
Earnings Before Interest, Taxes, Depreciation and
Amortisation (“EBITDA”) amounted to RM93.3 million, a
more than two-fold increase from RM46.1 million achieved
in FY 2012. During FY 2013, shareholders’ funds also
improved to RM172.9 million from RM130.8 million
recorded the previous year. On the strength of Barakah’s
better financial performance, earnings per share also
improved to 8.49 sen from 6.86 sen. Although borrowings
increased slightly to RM244.4 million, the Group’s gearing
ratio stood at a reasonable 1.41 times

Posted by newboy > 2014-02-25 22:28 | Report Abuse

okie...queue at 1.40 + 1.50. see can match both or not. :)

Posted by 8u29song > 2014-02-25 23:19 | Report Abuse

sell, sell, sell,
tomorrow early morning q sell at 1.40 pls !

Posted by lee9fold > 2014-02-25 23:45 | Report Abuse

lol...all ppl want to collect cheap ticket

Posted by kcyim1970 > 2014-02-25 23:47 | Report Abuse

What happened to all these O&G related counters? All dropped like mad. I got 14.5 lots in hand which I bought them at 1.81 and 1.64. When is this nightmare going to be over?

Posted by lee9fold > 2014-02-25 23:55 | Report Abuse

if u reli believe in barakah fundamental...then just hold on lah

Posted by streamer555 > 2014-02-26 00:05 | Report Abuse

this weak qtr result is as expected since early this mth. why only throw now? 1 more announcemnt to go on T&I job in arab. even if they didnt get d job, director already said it wont b a big prob. just that now o&g sentiment not that good. those who worry so much now must b d contra players

Posted by kcyim1970 > 2014-02-26 00:13 | Report Abuse

Not necessary only contra players will be worried. Even non-contra players will also be worried. Afterall, it's human nature.

Posted by qwertyuiop > 2014-02-26 00:36 | Report Abuse

Lol muscle, 3 companies selected , sk petro, puncak, and barakah. Sk puncak, you try check the price, who the hell barakah just listed and obtained a big project from petronas, there are so many other o and g listing companies, why not others , but barakah ? THINK YOURSELF .

Posted by jasonor > 2014-02-26 00:41 | Report Abuse

Haiz... profit unexpectedly so low. i buy a bit at 1.53 today also worry. not sure about how those ppl who buy at 1.67 today if they still hold it.

Posted by caven101 > 2014-02-26 00:53 | Report Abuse

I go through the annual financial report, notice the admin and expenses is higher on 2013 is due to fee to take over VEB and additional listing fee, and the other income is quite high compare with 2012. And without petronas project kick off yet the profit could consider is higher than 2012 if without this take over and listing fee..once petronas project kick off it will be another income in.

Posted by qwertyuiop > 2014-02-26 01:00 | Report Abuse

That's why I ask those panic kaki to study how to see report first.

Posted by caven101 > 2014-02-26 01:10 | Report Abuse

In addtional barakah cash flow still very strong compare with previous VEB. Please really read the annual report clearly.

Posted by Aceed Dica > 2014-02-26 01:15 | Report Abuse

Tomorrow Barakah become greeeeennnnnn :)

Posted by SJSOON > 2014-02-26 01:22 | Report Abuse

caven101: If all investors were as informed as you, there would not be stock price volatility in this world. Anyway, good point you have shared!

Posted by Icon8888 > 2014-02-26 06:07 | Report Abuse

When price not backed by earnings, swoop !!! It comes down like a falling knife

Posted by caven101 > 2014-02-26 08:24 | Report Abuse

SJSOON agree on what you mention also....got news just sharing out only. for long term invest this still consider a good counter. but if for contra that must take profit now...

Posted by crawler > 2014-02-26 08:56 | Report Abuse

Lol..good luck to the vulture who still think can buy at 1.40

Posted by brendonyeap > 2014-02-26 08:59 | Report Abuse

q barakah 10,000 1.45

Posted by MikeT > 2014-02-26 09:04 | Report Abuse

drop please to rm 1.40

Posted by Icon8888 > 2014-02-26 09:05 | Report Abuse

bought at 156

Posted by Albert Baker > 2014-02-26 09:13 | Report Abuse

The minimum TP is 2.00.

Posted by crawler > 2014-02-26 09:16 | Report Abuse

this stock is oversold now

Posted by 8u29song > 2014-02-26 09:18 | Report Abuse

then, 'attack defensively' !

Posted by SJaladdin > 2014-02-26 09:19 | Report Abuse

BARAKAH WILL bounce back! lets rock baby

Posted by Icon8888 > 2014-02-26 09:19 | Report Abuse

I have done a careful study of barakah latest quarter earnings, the weak result is due to impairment losses of RM8m for Vastauaux (acquired through the restructuring scheme, which they later disposed of). That was a one off item. Exclude that RM8m, Barakah latest quarter profit is RM12m, which is consistent with market expectation of RM40m net profit per annum (before new contracts kick in)

Posted by Icon8888 > 2014-02-26 09:20 | Report Abuse

barakah's sustainable net profit now is about RM40m. However, they secured RM1.5 billion Petronas contract by end 2013, which is to be completed over 3 years. meaning every year revenue is RM500m. Based on existing net margin of 12%, this translate into net profit of RM60m. Meaning Barakah is in a position to make RM40m + RM60m = RM100m profit. Please refer to the post below
26/02/2014 09:11

Posted by Icon8888 > 2014-02-26 09:20 | Report Abuse

http://bblifediary.blogspot.sg/2013/12/barakah.html

Posted by Icon8888 > 2014-02-26 09:20 | Report Abuse

if you look at Maybank report below, you will also notice that they expect Barakah to post net profit of above RM100m when the new petronas contract started work

http://cdn1.i3investor.com/my/files/dfgs88n/2014/02/11/1480128249--1749784182.pdf

Posted by Icon8888 > 2014-02-26 09:23 | Report Abuse

this is a once in a life time opportunity to take position, because when the market comes to its senses, the share price has no reason to stay at this level. it should go back to 1.85

Posted by Icon8888 > 2014-02-26 09:23 | Report Abuse

of course, I totally ignore the potential Saudi project. If it comes, it is a bonus, otherwise I am fine

Posted by Icon8888 > 2014-02-26 09:28 | Report Abuse

buy now, because later on today, Maybank's analyst will issue its report (it will be posted on i3, as before). The analyst will have the same conclusion as me, by that time, there will be more buying

Posted by smartmelanie > 2014-02-26 09:32 | Report Abuse

thanks Icon8888 for your effort and kind sharing.

Posted by MikeT > 2014-02-26 09:35 | Report Abuse

nice sharing icon8888. but i m still hoping to buy at rm 1.40. haha

Posted by Icon8888 > 2014-02-26 09:36 | Report Abuse

i boiught until run out of bullets....

Posted by crawler > 2014-02-26 09:41 | Report Abuse

haha...only now you all realize ...

Posted by crawler > 2014-02-26 09:42 | Report Abuse

you shall see when the Saudi contract is announce....will hit upper limit

Posted by newboy > 2014-02-26 09:47 | Report Abuse

MikeT,,,im hoping for RM1.40 as well. but i have also queued @ RM1.45 & RM1.47. waiting waiting. Hehehehe....

Posted by caven101 > 2014-02-26 09:53 | Report Abuse

wow....barakah still having strong support even annual report profit show is low. good counter.

Posted by Icon8888 > 2014-02-26 09:57 | Report Abuse

i have been craving for barakah for a long time, only until today i got chances to buy

Posted by Icon8888 > 2014-02-26 09:59 | Report Abuse

barakah's owners are ex senior management of SapuraKencana. They left to start their own business. By virtue of their working relationship with Petronas over so many years, they are very closed to Petronas. That is why they managed to get big contracts

Posted by lee9fold > 2014-02-26 10:05 | Report Abuse

hope it will form a bottom soon base on yr source of news...then can accumulate from there

Posted by crawler > 2014-02-26 10:09 | Report Abuse

1.40 wet dream huh

Posted by crawler > 2014-02-26 10:10 | Report Abuse

is going to rebound 10x stronger...you can dream after the market close