BARAKAH OFFSHORE PETROLEUM BHD
KLSE (MYR): BARAKAH (7251)
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Last Price
0.04
Today's Change
-0.005 (11.11%)
Day's Change
0.04 - 0.045
Trading Volume
136,000
Overview
Market Cap
40 Million
NOSH
1,003 Million
Avg Volume (4 weeks)
1,906,347
4 Weeks Range
0.035 - 0.045
4 Weeks Price Volatility (%)
50.00%
52 Weeks Range
0.03 - 0.065
52 Weeks Price Volatility (%)
28.57%
Previous Close
0.045
Open
0.045
Bid
0.04 x 7,139,500
Ask
0.045 x 7,729,000
Day's Range
0.04 - 0.045
Trading Volume
136,000
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#3] | 28-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 29-Aug-2024
T4Q P/E | EY
-5.21 | -19.21%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
-0.02 | 0.00
T4Q NP Margin | ROE
-5.93% | 0.00%
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 16,250 comments
The dispute between Barakah and Petronas exec & former exec had been withdrawn from court. (todays announcement). Possibly it had settled outside.
Hopefully Barakah gain some benefits during the settlement negotiation.
2023-05-08 23:35
Suspension uplifted, petronas license renewed... next... jeng3... rumors
2023-05-24 10:22
(ii) To undertake a proposed shares consolidation of existing 10 Barakah Shares into 1 consolidated Barakah Share (“Consolidated Share”) (“Proposed Share Consolidation”);
(iii) Pursuant to the Proposed Share Consolidation, the Proposed Shares Issuance shall entail the subscription by Mr Zainal or his nominee for 5,000,000 Subscription Shares at RM0.20 each;
If the above is the case, the current share now is only worth 2 sen?
2023-05-26 09:39
20 sen mother share, 4 rights issue at 10 sen each. Ex price: 12 sen. Warrant 2 lots free conversion price 20 sen. So warrant is 1 sen or nothing. Can someone enlighten what this Barakah is trying to do?
2023-05-26 10:50
Normally, the PN17 up-lift is an announcement to expect positive movements, but for this Co, the status uplift is disaster, confirmed lose more than 100% of the money on consolidation. The appeasement and consolation is the so call rights shares and warrants .subscription. Better off either to just leave this Co to its whims and fancies or re-look once the new issuance is listed.
2023-05-29 13:47
Petronas license renewed.... next new contract then PN17 upliftment soon... come2..
2023-06-27 10:02
Barakah unit receives extension for pan-Malaysia MCM contract:: https://theedgemalaysia.com/node/675231
2023-07-18 15:13
That is not new contract. Just an extension with no RM value unless there is job provided.
2023-07-21 08:27
Need to re-formulate regularisation plan..... Long way to go.. or going under....
2023-10-31 10:02
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2023-11-17 16:09
From a ROE perspective, except for 2023, Barakah ROE was lower than those for my 2 reference Bursa energy services companies – Dayang and Deleum.
The only except was for 2023 where Barakah posted a 40% ROE. This seemed like a turnaround after the negative ROE of 177 % in 2022. https://i.postimg.cc/FzgHw3Jz/Barakah.png
But when I dug deeper, this positive 40% was because it had an after-tax loss of RM 4 million divided by a negative equity. It was a positive 40% due to arithmetic.
Moral of story – when numbers look funny, you better dig deeper
2023-12-09 07:27
Lelong as a scrap or what? What future holds for Barakah post-L101? Can anyone kindly enlighten the situation. Thanks
2023-12-13 21:43
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2024-02-28 06:47
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2024-03-04 09:01
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2 months ago
The QR announced was good.
Hopefully SC will convinced to extend regularisation plan submission date further.
While Kota Laksamana 101 is schedule to be auction in mid June (this month) , if there is a buyer it mean that Barakah can exit PN17.
https://www.xindemarinenews.com/m/view.php?aid=54520
When is arbitration result between Barakah and Enquest will come out?
Hopefully Enquest will have to pay full amount that court had decided.
1 month ago
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1 month ago
Update on the efforts to sell the elephant.
Get info about the conditions of a white elephant barge ...
https://online.publuu.com/555600/1248833
1 month ago
nampak mcm wayang pushing up for big fish to run. last chance to run before things go really really bad, sold all! dpt balik sikit better than kosong 0 nanti....
1 month ago
When is arbitration result between Barakah and Enquest will come out?
Hopefully Enquest will have to pay full amount that court had decided.
1 month ago
There is no court case, only arbitration. And once this fails to reach an agreement, Enquest can drag it through the courts for years. Barakah will be long wound up by creditors before trial or appeal is set. Company may not survive for long enough to benefit from it.
4 weeks ago
Looks like syndicate will finish the job on this counter soon. Big fish are still around here, but not biting any more. White Elephant Barge NOT sold. Deleum, Icon and Sapura Energy, similar counters are down. Only small fish still trying this one. But you can see the shark circling for more fish to come before feeding.
Today buy volume decreased from 9 to 3 million. Not a good sign.
3 weeks ago
Agreed, Robert waters. run before it is too late, ive sold all at 4 sen, will soon become 0.035, 0.030, 0.025, 0.020...
2 weeks ago
Yes please run before it is too late, sell all you got until price drop to 2.5 sen at least
2 weeks ago
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2 weeks ago
Why not expect 60 to 80 sen. Or just go into a few MYR, RM1,00, 2, 3 .... make it 10x, 20x, 50x!!!
Who can a call bigger number competition.
In the meantime little or no buying for a few days.
19 hours ago
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Good question.
2023-05-04 22:27