BARAKAH OFFSHORE PETROLEUM BHD
KLSE (MYR): BARAKAH (7251)
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Last Price
0.03
Today's Change
0.00 (0.00%)
Day's Change
0.025 - 0.03
Trading Volume
57,600
Overview
Market Cap
30 Million
NOSH
1,003 Million
Avg Volume (4 weeks)
1,137,995
4 Weeks Range
0.025 - 0.035
4 Weeks Price Volatility (%)
50.00%
52 Weeks Range
0.025 - 0.105
52 Weeks Price Volatility (%)
6.25%
Previous Close
0.03
Open
0.03
Bid
0.025 x 9,108,700
Ask
0.03 x 1,062,500
Day's Range
0.025 - 0.03
Trading Volume
57,600
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2022 [#3] | 25-May-2022
Next QR | Est. Ann. Date
30-Jun-2022 | 29-Sep-2022
T4Q P/E | EY
0.19 | 517.83%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.00 | 10.71
T4Q NP Margin | ROE
200.51% | 5548.21%
Market Buzz
News and Blogs
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Barakah Offshore Petroleum Bhd is a Malaysia-based investment holding company. It is involved in the oil and gas industry in Malaysia. The company, through its subsidiary, is engaged in providing and carrying out onshore and offshore contracting works, such as pipeline pre-commissioning, commissioning and de-commissioning, pipeline installation, fabrication, hook-up, topside maintenance and other related activities. It offers various services, including pipeline services, offshore transportation and installation works, hook-up and commissioning, onshore construction, underwater services and chartering of marine vessels and equipment.
Discussions
20 people like this. Showing 50 of 16,148 comments
Consider company get moratorium up to 6 mths...so the debt still accumulate
2021-09-30 14:32
Buy now, before it's too late! The bullet train will depart soon...i bought 1 million @ 0.025 , my TP 0.2
2021-10-15 13:49
Ubaid if i told you oso Sumalia will sarcasm me hahaha so better we chill and let the counter be whatever it supposed
2021-10-22 19:34
Pan M'sia RM2.1b.. ready-to-eat slice of heaven.. Sapura, Barakah, Alam Maritim..
2021-10-27 22:54
Read full report from here:
https://www.bursamalaysia.com/market_information/announcements/company...
2021-10-30 11:45
The Company have implemented the following initiatives to address the going concern matter:
On 5 April 2021, PBJV has conducted Court Convened Meeting of Scheme Creditors as part of the Group’s initiative to regularise the operations. The proposed debt settlement has been agreed by the requisite majority of 75% of the respective class of creditors. As at the date of the AFS, PBJV has fully paid the agreed settlement sum.
On 26 July 2021, the Company and KL101 Ltd entered into a settlement agreement with the licensed bank whereby a final registered negotiated settlement of USD12.650 million to be paid over 11 quarterly instalments of USD0.138 million and a final instalment of USD11.138 million.
On 7 October 2021, the Company has completed the listing and quotation of 167,157,000 shares pursuant to private placement for total proceeds of RM9.912 million.
The ability of the Group and of the Company to continue as going concerns is also dependent on the approval of the regularisation plan by Bursa Securities, successful and timely implementation of the regularisation plan to attain sustainable operations, continuous support from its creditors and lender and favourable outcome from the material litigations as disclosed in Note 28 to the AFS.
The Company is currently formulating a plan to regularise financial conditions to uplift the Group from the PN17 status which is due for submission on 17 November 2021.
2021-10-30 11:51
@topkek you can read full report + download the annual financial statement (pdf file) from bursa malaysia announcement details.. the one posted by the edge markets was not fully thought through..
p/s: exit PN17 soon???
2021-10-30 12:23
the qualified opinion is regarding on ongoing issue from 2019 right? it is already known concerns which is related to PN17., really curious to know how thr price gonna move this monday... any thought guys?
2021-10-30 14:19
here with PN17 story since 2018.. still keep this barakah ticket "buy and forget"
2021-11-03 17:08
Barakah Offshore partners NazCo to provide specialised tankage fabrication and installation services https://www.klsescreener.com/v2/news/view/906265
2021-11-09 07:03
Barakah Offshore partners NazCo to provide specialised tankage fabrication and installation services https://www.theedgemarkets.com/article/barakah-offshore-partners-nazco...
2021-11-09 07:51
KUALA LUMPUR (Nov 29): Barakah Offshore Petroleum Bhd returned to the black with a net profit of RM92.99 million in the first quarter ended Sept 30, 2021 (1Q FY2022) from a net loss of RM2.94 million in the same period last year, attributable to owners of the company.
Revenue, however, shrank to RM17.54 million from RM32.63 million previously, mainly due to fewer projects carried out during the quarter under review.
The Practice Note 17 (PN17) oil and gas company said it reported revenue of RM17.54 million generated from its pipeline and commissioning services segment in 1Q FY2022 from RM31.6 million in 1Q FY2021.
“This was due to fewer work orders received from Pan Malaysia maintenance, construction and modification works from clients during the current financial quarter,” it said.
The group said no revenue has been generated from its installation and construction services business in 1Q FY2022.
Moving forward, Barakah expressed confidence that there are still project opportunities deployed by project owners and main contractors around the Asian region.
“The group will continue pursuing opportunities, and with the group capabilities and proven track record, there is a good chance and prospect to secure the opportunities available,” it said.
Barakah added that the group would continue enhancing its operational efficiency of existing projects and cost reduction to improve profit margins thus ensuring the sustainability of its business.
“Meanwhile, the group is currently formulating a plan to regularise its financial conditions to uplift from the PN17 status,” it said.
2021-11-29 23:14
Reference is made to the announcement made by Barakah Offshore Petroleum Berhad ("the Company") on 10 September 2021 ("Announcement") in relation to the Adjudication Claim that had been served against Enquest Petroleum Production Malaysia Ltd (“ENQUEST”) by its wholly-owned subsidiary, PBJV Group Sdn Bhd (“PBJV”) on 6 September 2021 through ENQUEST’s appointed solicitors for the total sum of RM73,570,587.19 (“Outstanding Sum”). Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the Announcement.
The Company wishes to inform that in relation to the Announcement, PBJV have, on 3 January 2022, been notified by its solicitors that the Adjudicator has determined and delivered his Decision in favour of PBJV on 29 December 2021, breakdown of which are as follows:-
(a) ENQUEST (“Respondent”) shall pay to PBJV (“Claimant”) the sum of RM71,567,429.55 (“Adjudicated Sum”); and
(b) The adjudicated sum shall be paid on or before 28 January 2022 (“the Due Date”);
(c) Interest at a rate of 5% per annum on the Adjudicated Sum calculated from the Due Date until full payment; and
(d) Costs of the adjudication proceedings of RM154,995.69.
The adjudication Decision is subject to further legal proceedings. Therefore, the Company will make the appropriate announcements to Bursa Malaysia as and when there are material developments in relation thereof.
This announcement is dated 3 January 2022.
2022-01-03 22:36
Lets go Barakah. Lets go to Golok.来 来 了
First stop 0.180
Golok still far far
2022-01-17 01:04
Regularisation plan submitted on 28 April 2022.. waiting for next week result.. if get 6 months extension until Nov 2022, share price will go up simultaneously.. next is EQ RM71,567,429.55 and the Hearing is fixed on 1 June 2022.. if the result in favour of Bara, then again share price will go up.. Petnas license suspended until July 2022, if can get back the license then the share price will go up again and again and again.. for me, this is the right time to acquire the share.. * just my 3 cents
2022-05-12 22:21
No any news after 28th April already .
Any idea what’s the outcome from 1st June Hearing ?
2 months ago
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suprnoob
waiver of debt settlement painted nice picture on qr profit....heeeeeee......
2021-09-30 14:27