Posted by JN88 > 2015-05-20 08:14 | Report Abuse

2sen la...rm20..

Posted by robert168 > 2015-05-20 21:51 | Report Abuse

collect collect !! time to collect before take off !!

Posted by supernova > 2015-05-22 11:15 | Report Abuse

Q @ 83c

Posted by supernova > 2015-05-22 16:16 | Report Abuse

82c looks possible

Posted by supernova > 2015-05-22 16:18 | Report Abuse

who is dumping? but all news seems positive on this counter.

Posted by steveooikp > 2015-05-24 13:26 | Report Abuse

Regret.... did not sell at 1.4.... now wait

Posted by SHQuah > 2015-05-25 15:13 | Report Abuse

Falling US stocks, China demand and war in Iraq could push crude price higher

http://www.theedgemarkets.com/my/article/falling-us-stocks-china-demand-and-war-iraq-could-push-crude-price-higher

Posted by The One > 2015-05-25 16:44 | Report Abuse

• If not for today so-called "black monday", Barakah might had surpassed 0.86 especially with recent contracts received..

Posted by JN88 > 2015-05-25 17:22 | Report Abuse

Oil price low ...market low....still need someone to get the oil rite??

INTRODUCTION

Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”), has received the Letter of Award from Sarawak Shell Berhad/Sabah Shell Petroleum Co. Ltd. (“collectively referred to as “Shell”) for price agreement for the supply of operational pigs and pigging accessories and related equipment and services (“LOA”).



INFORMATION ON THE LOA

The LOA is for a price agreement to be entered for the supply of operational pipeline inspection gauges (“pig”) and its related accessories, equipment and services. Until the signing of the price agreement, the LOA shall constitute the agreement between Shell and PBJV. The pigging operation will be carried out offshore Sarawak and Sabah mainly for the operational maintenance of oil and gas pipelines. The duration of the LOA is three years from 15th April 2015 until 14th April 2018, with an option to extend for further one year until 14th April 2019.



FINANCIAL EFFECTS

The total value of the LOA will depend on the actual work orders to be issued by Shell from time to time during the duration of the LOA. The LOA is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the LOA.



RISK FACTORS

Risk factors affecting the LOA include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. PBJV has, throughout the years, established its track record and expertise to undertake such projects.

As such, the management of Barakah Group believes that the Group is able to mitigate the abovementioned risk factors.



DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the LOA.


This announcement is dated 25 May 2015.

Posted by The One > 2015-05-25 18:08 | Report Abuse

• JN88.. thanks for sharing..

Posted by Amonnite Shark > 2015-05-25 23:07 | Report Abuse

That is small cntract value... Why Bara keep coming down...every day?

Posted by SHQuah > 2015-05-26 09:52 | Report Abuse

wait for divident

Posted by The One > 2015-05-26 14:04 | Report Abuse

• Maybank's last TP was 1.15 before the new contracts announcement and Kenanga's TP today is 1.04. Currently the price is only 0.84 and the oil price is green. Looks like Barakah is poised to go higher today. Gudluck everyone.

Posted by supernova > 2015-05-26 15:25 | Report Abuse

i bought some yesterday for dividend too.

Posted by bluefun > 2015-05-26 18:03 | Report Abuse

quarterly result release, revenue increased abt 126% from 84m to 190m
profit before taxation increased abt 62% from 11m to 18m
profit after taxation increased abt 60% from 9m to 15m

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=186601&name=EA_FR_ATTACHMENTS

:)

Posted by bluefun > 2015-05-26 18:27 | Report Abuse

cash flow from operation increase from 27m to 40m, good achievement
Keep it up barakah

:)

Posted by The One > 2015-05-26 18:33 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4751229

• Nice results.. revenue more than doubled and profit almost doubled. Well done Barakah.

Posted by Amonnite Shark > 2015-05-26 18:50 | Report Abuse

wow tomorrow sure fly liao...?

Posted by azlan88 > 2015-05-26 18:50 | Report Abuse

They posted good result but things might not be rosy from Q2 onwards. I dont want to spoil your excitement but I think may post lower profit in subsequent quarters. Q1 was exceptional since their barge is in operation, but Q2 might see some spillover of payment for works in Q1. Forex losses also increase. Their orderbook of RM1.8 billion will be depleted by 2017, judging from burning rate of RM800m/year.

On the positive side, their balance sheet is getting stronger with debts decreasing and they have won some jobs eventhough the amount might not be substantial. They need to secure more T&I jobs to compensate the depreciation charges of around RM20million/year for their barge ( their pipe laying barge is still new). Things might be interesting from their announcement regarding the incorporation of a new subsidiary, PBJV Energy (Labuan) Ltd, which is targeting to explore O&G exploration, development, production. They might use this subsidiary to go downstream by acquiring stakes in green or brown field.

Posted by momo0698 > 2015-05-26 18:55 | Report Abuse

sad , i should not q,miss the last chance to add more. TT

Posted by JN88 > 2015-05-26 19:19 | Report Abuse

We are not aiming for tommorow!!! We are watching this baby keep growing ....keep giving dividend and we keep support.... Until ..and until Oil habis diguna.....wakakakakaka

Posted by bluefun > 2015-05-26 19:44 | Report Abuse

patience, I will keep at least until RM1.00, barakah is undervalued stock, huge contract on hand, cash yield positive, dividend 2 cents

:)

Posted by drsaham > 2015-05-26 23:17 | Report Abuse

New TP by kenanga today at rm1.04

Posted by SHQuah > 2015-05-27 11:32 | Report Abuse

today theStar paper recommend buy on Barakah with higher target price.

Posted by supernova > 2015-05-28 14:00 | Report Abuse

i dont see any remarkable volume?

Posted by vc1922 > 2015-05-28 15:34 | Report Abuse

buy oil n gas barakah already rebound

Posted by supernova > 2015-05-29 09:43 | Report Abuse

but its a machinery supplier and contractor.

Posted by nsyee28282828 > 2015-06-02 12:11 | Report Abuse

still not much movement maybe afternoon as oil price back at USD60.0

Posted by shazza > 2015-06-03 20:15 | Report Abuse

Barakah surely it is time to wakeup its June!

Posted by nsyee28282828 > 2015-06-09 19:22 | Report Abuse

limited movement but looks positive

Posted by SmartAss > 2015-06-10 09:50 | Report Abuse

slowly inching up....

Posted by nsyee28282828 > 2015-06-10 19:04 | Report Abuse

hopefully going up again tomorrow, strong performance today..

Posted by nsyee28282828 > 2015-06-10 19:06 | Report Abuse

Kenanga Tp of 94.0 should be achievable tomorrow..

Posted by vc1922 > 2015-06-11 15:20 | Report Abuse

tonight oil will break new high buy oil n gas

Posted by supernova > 2015-06-11 15:20 | Report Abuse

any source?

Posted by momo0698 > 2015-06-14 15:52 | Report Abuse

buy when ppl fear, sell when ppl greedy.
i think crude oil price still will up n down on this range at least 1 year.
this price is almost in the top for this moment.
for the way to keep this stock more than 1 year,
i rather sell it here n buy again when price get lower.

Posted by mdrizal > 2015-06-14 23:45 | Report Abuse

I was just thinking to buy, but....nevermind

Posted by mdrizal > 2015-06-14 23:47 | Report Abuse

What do you suggest me to buy Mr.momo0698?
Looking forward for your advice.

Posted by winnicenice > 2015-06-15 09:28 | Report Abuse

oil has stabilised...this stock got the potential to move up to above 1 dollar soon....if buy now can
earn the dividend as well.......

Posted by supernova > 2015-06-15 09:35 | Report Abuse

this is current the most stable O&G counter

even bumi armada now drop back below 1.20.

Posted by momo0698 > 2015-06-15 13:13 | Report Abuse

mdrizal,
Foreign investment now stilll hv 200b on malaysia stock market,
n already sold 80-90b on last 2 month. but local still can tahan n bought it.
i hv no idea how much they going to sell n when local cant tahan anymore.
for me ,i will observe 1 more week.

Posted by mdrizal > 2015-06-15 21:57 | Report Abuse

Thanx Mr.momo0698. Even today is the RED SEA

Posted by supernova > 2015-06-17 14:37 | Report Abuse

buy call is strong

Posted by supernova > 2015-06-17 14:37 | Report Abuse

but i just sold. thx barakah

Posted by qwerty > 2015-06-17 17:58 | Report Abuse

Uptrend has just started.

Posted by sofea > 2015-06-19 12:32 | Report Abuse

Rising progressively! :-) Yay!

Posted by skylifttoptoptop > 2015-06-19 18:19 | Report Abuse

going to 1.04 :-) Yay!

Posted by supernova > 2015-06-22 10:22 | Report Abuse

the uptrend momentum is strong, but sold for profit liao

Posted by vc1922 > 2015-06-22 10:32 | Report Abuse

buy barakah rm1.2 cominng

Posted by shazza > 2015-07-01 19:38 | Report Abuse

Ehhhh, what happened Barakah is sleeping when everyone is awake? Many good comments on this counter but... Patience and more patience...