Posted by victory015 > 2018-07-12 11:05 | Report Abuse

this morning the stock price moves from 0.13 to 0.14, exactly as i have predicted. How great is it ?

Posted by victory015 > 2018-07-12 11:07 | Report Abuse

Now i will stay out of barakah , not much movement. The CEO Nik Hamdan holds 40% of the company. If he sells same of his stock, it is a trigger point for stock to go up

Posted by Nikmon > 2018-07-12 11:19 | Report Abuse

this Saga has been drag since last year from 50 cent until 13.5 cent, if the CEO drag further, he would need to sell cheaper, he should make decision deliberately and timely, drag longer bring no befit to him and the company, most importantly the stakeholder like us.

Posted by victory015 > 2018-07-12 17:52 | Report Abuse

Today barakah share price moved between 0.13 and 0.14, just as I have predicted.

Posted by victory015 > 2018-07-12 17:52 | Report Abuse

Anyone bought at 0.13 and sold at 0.14 , made 7% profit.

Posted by Nikmon > 2018-07-13 00:46 | Report Abuse

almost all counter up today except his barakah....haha

Posted by turbofast > 2018-07-13 13:57 | Report Abuse

Mono

Posted by victory015 > 2018-07-13 21:34 | Report Abuse

no news to push up barakah share price. sideway movements today.

Posted by Looiks > 2018-07-17 11:15 | Report Abuse

Hehehe.....at last...smell the coffee

Posted by carilembu > 2018-07-17 11:20 | Report Abuse

From 1.90 in 2014 to 0.13 now, don't know how many ppl lost big money here

Posted by Nikmon > 2018-07-17 11:28 | Report Abuse

come on, PN17 is not far.......do something else 0.01 cent also possible

Posted by Nikmon > 2018-07-17 11:31 | Report Abuse

if the CEO does not know how to manage a company, just sell it and become an non-executive....

Posted by Looiks > 2018-07-17 16:10 | Report Abuse

Hehehe.......ceo wl let go eventually

Posted by snwong13 > 2018-07-17 19:19 | Report Abuse

.
OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD LETTER OF CONTRACT EXTENSION - UMBRELLA CONTRACT FOR PAN MALAYSIA TRANSPORTATION AND INSTALLATION OF OFFSHORE FACILITIES
BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description BARAKAH OFFSHORE PETROLEUM BERHAD

LETTER OF CONTRACT EXTENSION - UMBRELLA CONTRACT
FOR PAN MALAYSIA TRANSPORTATION AND INSTALLATION OF OFFSHORE FACILITIES
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 a conditional contract extension from PETRONAS for the provision of transportation and installation of offshore facilities (“Contract”), via a letter of contract extension dated 16 April 2018. The Umbrella Contract, which is due to expire in December 2018, has been extended to 26 December 2019.

INFORMATION ON THE CONTRACT AND FINANCIAL EFFECTS

The Contract includes transportation and installation of facilities such as pipelines, structures and related equipment for offshore oil and gas fields for PETRONAS and Production Arrangement Contractors (PACs) within Malaysia. The Contract total value will depend on the actual work orders issued by the clients during the Contract period which will be based on mini bidding exercise among the Umbrella Contractors. Depending on the actual value of work orders to be secured, the Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the entire duration of the Contract.

RISK FACTORS

Risk factors affecting the Contract include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. Barakah Group has, throughout the years, established its track record and expertise to undertake such projects. As such, the management of Barakah believes that Barakah Group is able to mitigate the abovementioned risk factors.

DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST

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

This announcement is dated 17 July 2018.

Posted by Rwxw112 > 2018-07-17 20:49 | Report Abuse

http://www.theedgemarkets.com/article/barakah-offshore-secures-oneyear-contract-extension-petronas

Posted by Nikmon > 2018-07-17 21:10 | Report Abuse

again the extension was awarded in April.... why only now announce?

Posted by turbofast > 2018-07-17 22:03 | Report Abuse

Price low MA can Buy more

Posted by jeffng570 > 2018-07-18 08:37 | Report Abuse

news extension with petronas untill dec 2019

Posted by victory015 > 2018-07-18 09:45 | Report Abuse

The contract extension is dated on April 16. @Nikmon, why announce now ?

Posted by TheTerminator > 2018-07-18 09:46 | Report Abuse

Operator stuck lor. What else?

Posted by Nikmon > 2018-07-18 10:32 | Report Abuse

what is in their mind, made belated announcement one by one, investor are not stupid, just sell of the company...30 million loan due by this year and extension of principle repayment due on year end, worst still the war ship still idle, just sell the company, the longer it drag the cheaper it will be.

Posted by nasai > 2018-07-18 11:07 | Report Abuse

wew. released news to bait retailer kah? kah kah kah.

Posted by Nikmon > 2018-07-18 16:42 | Report Abuse

who is the brave investor bought half million worth of share before closing.....haha

Posted by rentmyheart > 2018-07-18 19:09 | Report Abuse

sales better. Release old news. seems not right to me.

Posted by Nikmon > 2018-07-18 19:56 | Report Abuse

@rentmyheart, exactly, release old news one follow another one, instead of consolidate and announce together, it is not make sense at all, investor also not stupid, the reaction on the news looks pathetic. but got one exception, one idiot bought half million worth of share which equal to 25% of transaction today prior closing.....i don't think any small fly brave enough to invest such a big amount of money into a PN17 company.

Posted by rentmyheart > 2018-07-18 20:36 | Report Abuse

nikmon it seems to me the idiot might not be idiot . if their intentions is to con retailer like us, sure they will do some beautiful packaging as if got big shark eating or maybe the person is trader.

Posted by turbofast > 2018-07-18 21:05 | Report Abuse

Everyday say PN17,stupid

Posted by Nikmon > 2018-07-18 21:09 | Report Abuse

do you think any trader dare to enter half million 20 minutes before closing when the share price is in down trend!!

Posted by mohamsu > 2018-07-18 21:45 | Report Abuse

Waiting good news coming...strong buy

Posted by nasai > 2018-07-18 22:00 | Report Abuse

last minute buy vol mcm wayang only. it happened before. well i hope im wrong. tayor.

Posted by Nikmon > 2018-07-18 22:12 | Report Abuse

maybe you are right, wayang only...

Posted by ajaaja > 2018-07-19 09:47 | Report Abuse

best counter for intraday. T&G.

Posted by Nikmon > 2018-07-19 10:20 | Report Abuse

really need good news to move the price lah, else it is not going any where. sell the company oi!!

Posted by victory015 > 2018-07-19 10:36 | Report Abuse

up 7.14% this morning, good performance

Posted by victory015 > 2018-07-19 11:49 | Report Abuse

does barakah win another contract ?

Posted by Nikmon > 2018-07-19 12:00 | Report Abuse

going down back, if the price was pushed up by operator this morning, they are stuck and bleeding....haha. or maybe it is genuine then we shall see some good new coming up very soon...haha

Posted by victory015 > 2018-07-19 12:47 | Report Abuse

operator got insider news, so they pushed up the stock price

Posted by Looiks > 2018-07-19 13:50 | Report Abuse

hehehe....... not 'they' push up the price but.....

Posted by rentmyheart > 2018-07-19 14:06 | Report Abuse

it seems to me they offload.

Posted by Nikmon > 2018-07-19 14:38 | Report Abuse

@rentmyheart, roughly guess they have bought 11 million of share to push up the price since yesterday, currently only 12 million transacted at 15 cent price, not easy to off-load the 11 million...

Posted by rentmyheart > 2018-07-19 15:34 | Report Abuse

the 11 million not all them. cause some retailers also go in and pick

Posted by nasai > 2018-07-19 16:09 | Report Abuse

wayang sudah mau hbis. now retailer chased at 145 150 panic already...

Posted by Nikmon > 2018-07-19 16:15 | Report Abuse

@rentmyheart, the deal was don't in one transaction, yesterday 4 million and today 6 million, how could possible belong to retailers???

i guess they cut loss....

Posted by Nikmon > 2018-07-19 16:17 | Report Abuse

now all are trapped again...haha

Posted by turbofast > 2018-07-19 18:17 | Report Abuse

U very happy fk u

Posted by Nikmon > 2018-07-19 20:45 | Report Abuse

@turbofast, just curios what is your average entry price?

Posted by turbofast > 2018-07-20 07:08 | Report Abuse

0.09

Posted by turbofast > 2018-07-20 07:09 | Report Abuse

0.09

Posted by Nikmon > 2018-07-20 08:15 | Report Abuse

@tuebofast, 70% gain already still holding, what is your TP?

Posted by Dan Mohd > 2018-07-20 08:51 | Report Abuse

Might be 0.17