Posted by calvinsia > 2018-06-27 16:15 | Report Abuse

conclusion, semua pain here.

Posted by xiaohan97 > 2018-06-27 16:16 | Report Abuse

+1

Posted by ajaaja > 2018-06-27 16:26 | Report Abuse

Should good news on AGM, then best to buy now. TOmorrow sure can up half sen or 1 sen.
Should bad news, then no point buy now. Disaster

Posted by NagaPelangi > 2018-06-27 16:27 | Report Abuse

from price movement looks like disaster oredi. hehe

Posted by AmstrongKL > 2018-06-27 16:30 | Report Abuse

Buy more. Must be greedy when others scare. Worst case go holland see Warren Buffett only ma.

Posted by DO RE MI > 2018-06-27 16:32 | Report Abuse

buy near support. be patient to bottom fish

Posted by Chengheng Lee > 2018-06-27 16:40 | Report Abuse

I'm holding 60000@0.175

Posted by ajaaja > 2018-06-27 16:43 | Report Abuse

Heavy sold at 115. Wonder if that price can maintain esok.

Posted by zepth91 > 2018-06-27 16:44 | Report Abuse

lol,operator main2 heavy buy at 0.12, now 0.125

Posted by Zaidy Sharipudin > 2018-06-27 16:49 | Report Abuse

I hold 20000@0.145

Posted by Zhaahir Fibo > 2018-06-27 16:54 | Report Abuse

just wait at support 0.085

Posted by ajaaja > 2018-06-27 16:58 | Report Abuse

Risky counter BARAKAH ni.. unknown.. price could be up or down esok - donno.
suggest wait
I've move some to IRIS. Done at 0.15

Posted by Eddie Tan > 2018-06-27 17:55 | Report Abuse

This counter worth holding?

Posted by Eddie Tan > 2018-06-27 17:56 | Report Abuse

Down 28% now

Posted by Kidir89 > 2018-06-27 19:00 | Report Abuse

Game over

Posted by SateMan > 2018-06-27 19:20 | Report Abuse

The end

Posted by aaabbbccc > 2018-06-27 19:21 | Report Abuse

cut loss baa everyone.. big shark successfully catch many ppl ad..

Posted by aaabbbccc > 2018-06-27 19:21 | Report Abuse

it will return to the ori price 0.08

Posted by emil > 2018-06-27 19:23 | Report Abuse

Still hold?? Price going to 0.08 or even lower like perisai ?

Posted by Risk Trader > 2018-06-27 21:49 | Report Abuse

Early morning sold at 0.145 then buy back at 0.115 cent....tomorrow sure bounce back to above support at 0.13 cent

Posted by winman > 2018-06-27 23:00 | Report Abuse

Tomorrow, try up to 0.150

Posted by Risk Trader > 2018-06-27 23:17 | Report Abuse

DJ and Oil strong rebound tonight....klse will open gap up

Posted by Nikmon > 2018-06-28 00:13 | Report Abuse

high risk company....maybe rebound but still weak, cash call soon...

Posted by Eddie Tan > 2018-06-28 00:31 | Report Abuse

@risk trader, sold at 0.145? What's your average?

Posted by boldrun88 > 2018-06-28 00:53 | Report Abuse

buy on dip..good company

Posted by winwin2288 > 2018-06-28 08:37 | Report Abuse

aiya, like that it is not call extraordinary meeting already, no special annoucement

Posted by Risk Trader > 2018-06-28 08:38 | Report Abuse

Eddie 0.135 cent

Posted by Risk Trader > 2018-06-28 08:43 | Report Abuse

Serba Dinamik will buy this company soon. Oil price already up 100% from lowest price to above USD 70 per barrel so next qtr results must be positive

Posted by cth0712 > 2018-06-28 09:30 | Report Abuse

@risk trader
Nice analysis, somehow this stock been on the continuous downward trend, not really convincing on short term, if ever this stock goes green in convincing style then this counter going to be hot again, index not showing positive figure as well today...

Posted by Johnny Tong > 2018-06-28 09:32 | Report Abuse

If look at the volume
I think will rise already
Co of yesterday news

Posted by Shinnzaii > 2018-06-28 09:36 | Report Abuse

PETALING JAYA: Barakah Offshore Petroleum Bhd president and chief executive officer Nik Hamdan Daud wants to remain as its largest shareholder.

Refuting reports about a possible disposal of his 40 per cent stake in the company, Nik Hamdan said: “Those were rumours actually. It was not my statement anyway. It is normal for me to look for strategic partners that can bring added value to Barakah.”

He, however, confirmed that he had talked with several parties over a strategic partnership to make the company more competitive. Part of the potential deal may involve selling some of his shares, although he was keen to keep his controlling interest.

“We are still in talks and looking for a suitable partner to be more competitive since the last one year when the economy was bad and we needed to reposition ourselves.

“We are also open up to new potential and maybe find some technology partners,” he told the media after its annual general meeting and extraordinary general meeting here today.

As of March 30 this year, Nik Hamdan holds a 39.81 percent stake in Barakah. This was followed by United Power Holdings Ltd (11.91 per cent) and Felda Investment Corp Sdn Bhd (8.89 per cent).

A report by a financial daily three days ago said at least three companies had expressed interest in buying his stake in Barakah.

Two of them were Serba Dinamik Holdings Bhd and Samling Group, as well as foreign companies.

Asked about Serba Dinamik, Nik Hamdan said it was just a talk “between friends”.

Barakah recorded a net loss of RM216.704 million in the financial year ended December 31, 2017, compared to a net profit of RM14.534 million a year earlier.

The net gearing last year increased significantly to 45.9 per cent compared with 8.5 per cent the previous year.

Meanwhile, Nik Hamdan said the company had submitted about 20 bids this year valued at about RM5 billion.

“In 2018, we have submitted 20 bids worth about RM5 billion. Of this, we think we are able to secure at least RM500 million worth of the bids for this year alone.

He said the company's strategy is to focus on winning more bids, optimizing costs and improving project management.

The current Barakah contract value stands at RM225 million, of which 70 percent are works in the Sarawak waters.

Barakah offers pipeline services, offshore transportation and installation, topside major maintenance and hook-up commissioning, onshore pipeline and construction, underwater services and ship management and chartering.

Posted by calvinsia > 2018-06-28 09:41 | Report Abuse

rise also nothing to do with me already, haih...leave me alone to silent for few days first after made losses of this counter.

Posted by Johnny Tong > 2018-06-28 09:45 | Report Abuse

@calvinsia don't be so sad

Posted by cth0712 > 2018-06-28 09:54 | Report Abuse

The whopping loss of RM216.7 million in FY2017 was the company’s largest. The loss was due partly to a project loss of RM89 million and impairment on KL101 amounting to RM44 million. Due to the cash-flow deficit, the company’s cash pile shrank from RM220 million at end-2016 to RM132 million at end-2017. It dropped further to RM109.77 million at end-March.

For its first three months ended March 2018, the company suffered a net loss of RM19.93 million on revenue of RM19.38 million. As at end-March, Barakah’s long-term debt was RM161.13 million and short-term borrowings RM28.91 million.

Barakah’s net asset per share as at end-March this year was 21.62 sen, only a little higher than its share price.

Posted by cth0712 > 2018-06-28 09:55 | Report Abuse

May I know this is the reason why the price got into 0.115-0.12 now? always 50% on NTA for not performing company?

Posted by Nikmon > 2018-06-28 12:03 | Report Abuse

heavy loss, huge pile debt and sub-contractor not getting pay on time......not far from P17 unless someone from sarawak come to rescue.

Posted by ajaaja > 2018-06-28 12:20 | Report Abuse

yeah. Barakah its gone case already. Next Sumatec I guess.. During AGM semalam, I dont see any concrete restructure plan moving forward to the shareholders, hence thats explain why the price so so now.. huhuhu

Posted by cth0712 > 2018-06-28 14:44 | Report Abuse

@Jonny Tong
Yesterday what news?

Posted by Eddie Tan > 2018-06-28 16:59 | Report Abuse

0.12 > 0.125, 0.125 > 0.12, 0.12 > 0.125, 0.125 > 0.12

Something not right

Posted by Eddie Tan > 2018-06-28 17:14 | Report Abuse

PN17.. lol.. I hope not.. I would be glad if it bounce back between 0.20 to 0.25

Posted by joeylee2013 > 2018-06-28 23:12 | Report Abuse

Forget about Serba Dinamik buying Barakah, They are over geared already

Posted by Risk Trader > 2018-06-29 01:08 | Report Abuse

Next qtr results will be better profit due to oil price increase more then 50% from last year.

Posted by turbofast > 2018-06-29 05:41 | Report Abuse

Joeylee2013 不懂不要假厉害

Posted by zepth91 > 2018-06-29 09:07 | Report Abuse

finally barakah moving up

Posted by calvinsia > 2018-06-29 09:09 | Report Abuse

dont know what show will be on soon...haih...upset with this counter

Posted by CrazyGem > 2018-06-29 09:11 | Report Abuse

goin up now

Posted by calvinsia > 2018-06-29 09:15 | Report Abuse

boring, potong stim, after i sold all now only up. speechlesssss

Posted by yanerfei > 2018-06-29 09:40 | Report Abuse

finally,shot up 50% today wahaha

Posted by Bursa1575 > 2018-06-29 09:43 | Report Abuse

brewing....

Posted by Bursa1575 > 2018-06-29 09:44 | Report Abuse

nice timing today