BARAKAH OFFSHORE PETROLEUM BHD
KLSE (MYR): BARAKAH (7251)
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Last Price
0.05
Today's Change
+0.005 (11.11%)
Day's Change
0.045 - 0.05
Trading Volume
369,100
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Discussions
20 people like this. Showing 50 of 16,361 comments
Esok hingga jumaaat mungkin harga bukan bawah 0.10 lagi...dan mungkin juga dibawah 0.050 sebab news belum keluar. So nasib lah siapa yg terkena...mgkn saya pun hehe
2024-08-19 20:48
Jika diikutkan syndicate boleh jatuhkan harga 0.65 n below..tapi tetap hold range harga ni...sebab masih collect trader yg contra dan takde holding power...sure ada sebab? Matter of time saja....sabar
2024-08-20 11:54
QR data... "Reversal provision accrued purchases amounting to RM70.223 million..." .
2024-08-30 09:40
Anyone can furnish more accurate data ?
The Reversal provision accrued purchases might not represent operational profit... it is crucial to distinguish accounting gained adjustment from operational profit..
2024-08-30 10:09
Slowly collecting the tickets? Yesterday 7sen.. today 7.5sen.. smart moves to avoid panic buying/selling.. I think something good is coming.. so I will keep mine until the moment has come..
2024-09-06 16:07
All targets is wrong....at last but not least 0.050-0.055....dangerous holding it might pullback to 0.030-0.035....hope not, let see another days..
2024-09-09 20:12
Hahaha dont worry tomorrow my prediction price will down another 0.005 - 0.010 or close at 0.040....until stabilise at 0.025 before it will be delisted from the bursa....
2024-09-10 21:58
Saya pun kena scam dgn counter PN17 ni...Penipu Niaga 17....tak berakah atau tak berak kah?...
2024-09-11 12:33
Advice to reduce ur holding or sell before they press then hold to 0.025 - 0.030 in few months by the Person u know collaboration with dealer before playing same game in order creating profit for quarterly own expenses as usual...do ur own research and homework on past movement !!
2024-09-13 12:25
There is no issue out from PN17 only in dream can happen. Infact if something wrong somewhere....delisted... only surviving and opportunity to get something in the trading. If u jump in thats ur luck winning but remember they can trap u in their net as usual as before...paring along with some positive news.
2024-09-13 21:08
Looks like a serious buyer for Kota Laksamana had emerged.
https://www.klsescreener.com/v2/news/view/1392307
2024-09-15 12:42
“From what we know, the negotiations are ongoing and Barakah Offshore is actively working towards a deal.”
The company did not respond to the above news.
2024-09-15 16:29
Now that we know Baxtech is the one who ceased the 67 million shares at lower than market price. Thanks Mr Kotaro.
Do the company have intention to keep their shares in public market? They should be able to submit their regulation plan if they really want to.
2024-09-23 18:10
You're welcome Mr. AlexChiaWS.. selling the barge, lessen the short-term borrowings of RM51.91 million, formulating the regularisation plan + order book for secured contracts for the next 3 to 5 years + good QRs.. maybe will uplift the PN17 status
2 months ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
2 months ago
Crude Oil WTI
Nov 24 71.22 72.12 70.75 -2.61 -3.54%
02:57:51
Copper
Dec 24 4.3505 4.4115 4.3432 -0.0532 -1.21%
02:57:49
Brent Oil
Dec 24 74.75 75.70 74.25 -2.71 -3.50%
2 months ago
It is SOLD at Usd9.7M.
Barakah top up another Usd1.4M for settlement with Exim Bank.
Tomorrow submit regularisation plan.
Then exit PN17.
When Enquest pay, it will be net profit to company.
1 month ago
The boss always want cheap shares.
He want to buy 62.5M unit for Rm 7.5M (after consolidate). That mean around 0.035 per share at current situation.
While Esos, is being estimated to be at 0.040 of current.
I understand to reward the employee (this is good) and company require more capital to expand.
Why not, RI for chance to all share holder to subscribe. If not fully subscribe, than boss can wallop the remaining portion.
1 month ago
Dow Jones
Dow Jones Industrial Average
41,763.46
-378.08
0.89%
Nasdaq
NASDAQ Composite
18,095.15
-512.78
2.75%
1 month ago
What is this?
Even received Rm76M, market valuation is 0.045/pcs? What kind of anticipation does the market is having?
3 weeks ago
This company bought a white elephant barge for MYR 350 mln. Then 10 years later after upkeep in millions they sold it for 50 million. Loss in excess of 300 mln. I think that 70 mln does NOT cover it at all.
3 weeks ago
The difference between the Disposal Consideration of USD9.70 million and last instalment to EXIM Bank of USD11.06 million amounts to USD1.36 million (equivalent to approximately
RM5.86 million). For information, the Company’s cash and cash equivalents stood at RM54.56 million based on the audited consolidated statement of financial position of Barakah as at 30 June 2024 and the Company’s cash and cash equivalents will increase to RM133.38 million should the Group receive the RM78.82 million Adjudication Sum.
3 weeks ago
Bad decision happens doesnt it @Robert?
Same as last few years when there was company wanted to buy that barge at USD20M but Barakah decided to refuse.
End of result, the sale is realised and the lender agreed with the settlement proposed.
Those bad decision supposedly already priced in when the valuation of it share price went down from 0.800.
Now, the company valuation is at Rm55M. It receipt Rm76M which is suppose to bring positive to its value.
I am just wondering why the market is reacting otherwise...
3 weeks ago
In my opinion the market reacts without enthusiasm due to the record of the company. Yes, they were able to succeed in courts and arbitration by harrassing own clients. Yet they are unable to secure contract and execute them profitably. Unless they have more client to sue, future does not look bright.
3 weeks ago
We will see "updates on the contracts being tendered" as per quoted inside announcement previously.
3 weeks ago
Yes, many new contracts now are being issued by Petronas for the MCM services (30BLN). Sapura, a PN17 company won a big reward (5BLN estimate, but not guaranteed as call outs needed for orders). Hope that Barakah gets some too. So far, 3 weeks later, there is nothing. But related to this, earnings just announced by Barakah are nothing short of disasterous. Profit turned into a loss of MYR 8 mln. This amount, not exactly a spare change for Barakah that needs to pay off debts instead of going deeper into red.. Just not enough work they say. Focused too much on litigation ? Without new contracts there will be no clients to sue. for Barakah, and their model to go after parters in courts may not be sustainable.
2 weeks ago
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2024-08-19 14:34