SERBADK is one of the potential buyer/partner for Barakah....as mentioned by the GCEO, he planning to sell portion of his share and looking strategy partner to bit for more project and as well as join own the idle boat.....don't forget extension of the principle repayment is due in 2019, so Barakah need a deal by this quarter before the company financial get worsen.
@boldrun88, yeah, FIC ceased as substantial shareholder on 8-Jun which a month ago, how much they still holding as a today, i believe less than 5 million.....
Any white knight must be from O&G sector also. With trade war looming, all upstream and downstream O&G biz will be affected and i dont think they will buy into barakah now. W/o white knight, this stock is worth is only 0.06+- and likely PN17 likw what Victory015 stated.
totally agree, hope the GCEO make a deliberately decision for the sake of company bring in a strategy partner with a compromise deal, i believe the GCEO also don't want to fell in PN17, it will cost him more....
Samling acquired as many as 82.55 million shares or 10% equity interest in July last year, and increased its shareholding to 13.57% or 112.05 million shares in early November last year. From early June to end-November last year, Barakah’s share price averaged 51.2 sen.
Samling invested 57million into Barakah, i reckon that Samling would be the white knight, i speculate that they has made the offer but pending Daud to accept..crossed finger.
From the news....The current Barakah contract value stands at RM225 million, of which 70 percent are works in the Sarawak waters.
if you exclude the 166 million from the extension contract announced recently, only left 60 million , so little, if CEO still refuse to compromise.....die lo
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
noobbie
1,122 posts
Posted by noobbie > 2018-07-10 10:59 | Report Abuse
u call me??