oil dropping back towards 60, more downside for o&g possible

if you see money, better take than losing later..

collect then dump and collect and dump again.. repeat 10 times and fund will be the winner

since legal claim news will be at end year, not much hype on this stock now except for asset monetisation.. have to review your strategy for better return

a lot of uncertainties in global market as global index still at high side but shares already drop to half

imagine if global index drop to bottom.. no eye to see

so trade carefully and dont all in

Im waiting 3rd wave within 3 mths time for the legal news. It can repeat another round.

And next qtr will be better than latest quarter. Its a safe bet for short term trade now.

Moms borrow money from bank and give to son, so son can pay back debt. Son happy.

As return, mom hold bigger chunk of son shares.

But son profit not much and son share increases, so son value become small.

Then bank ask money from mom, mom have to sell son shares and use cash from her profit.

So mom value become small too.

Dayang RI is not the worst, only 1/10. Perdana RCPS is the actual burden with 455m.

from drillers to hook up, fpso and osv, all not performing even oil price improving, it needs more than time than expected, another 1-2 years possibly

invest in o&g, a false start or a new dawn? more to false start

debt cannot be paid and earnings not sustain, end up with cash call and dilution making less attractive

will hold this stock until next year and first valuation will be done by end year

between them, let market do the work

whatever happen, life must goes on. never dump all money in stock, when time like this, you still can survive

as long as trump is the president, the fight will continues and market will never be good

revenue drop and continue loss, how to pay back debt

let me support a bit at 75c

alam reported loss but price dont go down, armada turn profit but price dont go up

its not only abt red or green, its abt their revenue and profit

price go down due to market problem not the biz problem.. market will be ups and downs but the biz and its future is more important

unless if market rebound but krono alone did not, then thats the real problem

so no point to shoot it up, have to wait legal case win or news on re-deployment of claire and sc vessels (which is tough in current market condition)

cash flow also decrease

but the profit is less due to lower revenue from fpso, oms and higher interest paid

operation wise been profitable all the while, last qtr was 70m+, the big loss was due to impairment.. now no impairment so the profit appear on the surface

liability is higher than asset, even if sell all asset still cannot pay debt

this is the reality barakah facing

always set your limit when trade, better loss small than loss big

when qtr out, with big loss, you will see 0.01-0.02

Yipman, we knew its EDM but no idea why you mean abt tape storage on EDM. Let me brief history a bit.

My first PC was using Pentium MMX 166mhz with Quantum HDD 3.2gb and that was 20 yrs ago. Id never heard tape storage on a PC or servers. The only tape storage we used was 1.44mb floppy disk which 90s generation never seen. It can save abt 10pages of word file and if it bigger you need 2 or 3 of them. Thats why Krono acquired Quantum so they can have access to hardware.

My 1st handycam was a sony. It uses Video 8 tape can record for few hours with normal quality. My 2nd was a JVC MiniDV uses DV Tape with digital quality and record for few hours too. My final video recorder was a JVC with 30gb HDD can record digital up to 14 hours. Then come mobile phone with camera with video recording but i still use my JVC HDD since it still can record longer than any device including my new Canon DSLR which requires memory card.

I never met a tape storage on PC so i dont think EDM relate to it which requires bigger space.

FYI, i still have the 3 video recorder until now : )

so when talk abt dayang earnings, dont forget to count in perdana debt

dayang will not be good if perdana not look good, 60% stake is huge.. if w/out dayang perdana might be PN17 like barakah

when qtr out might have some surprise, so be ready for it

today will drop another 1.5c at least, when see fire, must run out and save your self from burning...

better loss small than big and capital stuck for ages

80c today?

Its been a year and half of bad season, the more you trade the more you loss.

The odds are against us so plan your capital wisely.

if all rcps converted, total shares become 2.7b, with est annual earnings ave at 40m (10m every qtr), eps will be 0.015

No point if you as analyst earn big money and most of your followers losing

this is lose-lose strategy.. paid fees to attend class and lose money in market

If quarter lower loss but increase in revenue, might give some help

but if bigger red and lower revenue, then no hope

HDD vs SDD can google details and many support the idea will co-exist together due to cost and design

You can see now laptop with SDD built in but use HDD as storage. Faster laptop speed but reliable and cheaper storage cost.

see all later

3 or 6 mths later maybe 0.005

at 0.35 is at high side bcoz ma200 before pump was below 0.20

retailers always become victim, take it as lesson and move on

good support >.26 but need to stay for longer period to see if it is true

if everyday drop 1c also no use

Barakah -ve cash flow but Armada +ve cash flow

Barakah already default but Armada still can breath at least till next year

in order for dayang to look good, perdana must look good first

do you see perdana looks good?

if drop below 0.25 only collect again

yes while bottom fish velesto can buy some hibscus

never ever boast of prev success

welcome to the club of sendai, jaks and lioind

@mabel, you can check at company announcement and read the details

http://malaysiastock.biz/Company-Announcement.aspx?id=1144208

when a company projected cash flow cannot service its debt, this is a biggest problem. the white knight story is a trap for directors to dispose their shares

the risk is too high to take, do make wise decision to avoid further losses

2. WHETHER THE COMPANY IS SOLVENT

After taking into consideration the Group’s current cash flow position vis-à-vis its total debt obligations payable and available cashflow, the Company is unable to declare that it is solvent pursuant to Paragraph 9.19A(4) of the Listing Requirements.

In arriving at the above, the Board has considered and assessed the financial position and consolidated projected cash flow of Barakah and formed the opinion that Barakah will not be able to service all its debts as and when they fall due in the next 12 months in its entirety.

tomorrow might be sell down at open but i predict will remain above 0.25 for the rest of week