Ha ha... Petronas Carigali awarded the contract... worth US$7.6 million

@fastranger... Ha ha... that was a good one. Cheers

@fastranger... Towards the end of 2014, the world crude oil plunged which saw a major pull-back in investment in the O&G industry worldwide. Petronas too postponed it's investment in Canada. During such economic downturn it is only natural to see companies involved in the O&G go into financial difficulties. Perisai being one of the companies. I embrace distress companies caused by economic downturn & will continue to have confident in them through their challenges. Cheers

@fastranger & @ronaldolow5479... Whatever said thus far, I am still very confident Perisai will not be de-listed come Dec 31st. It will however continue to be suspended...I have to admit Perisai is very ill without Perisai Kamelia.

@investortrader88... Very true to what you said... It's indeed a lifelong journey.

At the AGM, the Management indirectly mentioned that it needed more time to sort out P Kamelia's issue. They have done what they possibly could do to have P Kamelia released. When it will be released is now with the court. We can expect another extension, if Bursa agrees to it.

@investortrader88... Wahhh... you guys read such books. No play play man... I only see comics

@investortrader88... I think next week should be an interesting week for Miss Universe. Ini macam, I think I better join you... Cheers

@Happyflow8888... Oh...

@fastranger... The QR is out yesterday

@investortrader88... Want to join them next week kah?

@Happy3933... Your piggy bank never stops flowing. Good for you... Ha ha

@scwmike8... If you feel fine, can we then have a more matured exchange of opinions. We don't have to use profanities in our exchange. Profanities leaves bad taste behind. Let's have friendly discussion... Thanks

@scwmike8... Seriously speaking, I think you need medical help. This I3 forum never fails to trigger your anger. It's an indication you need help. Regards

@Mabel... I find the Management under the guidance of Zaid Ibrahim the very accommodating type. It's a good beginning. We can expect more good news in the coming weeks, especially from Petronas... Cheers

Opinion aplenty. Ask yourself what is the best solution out for Perisai. I must emphasised that Perisai has a debt of RM1.2 billion. Every one knows without the listing status, Perisai will immediately go into liquidation. Whatever can be said, I still strongly believe Perisai will not be de-listed. And re-listing Perisai is not against the law. Cheers

Captain Mabel... We are going for a cruise round the world in 60 days... Let's enjoy the sea. Cheers

Only Bursa. If you are listed on Bursa then you play by their rules. Hope you can appreciate the differences between rules, guidelines & laws... Cheers

Yes, if Bursa were to decide strictly based on it's conditions set & profitability, Perisai which is a distress company due to the economic downturn since 2014, need to be de-listed. No doubt about it. I know for one, shutting down listed companies arbitrarily is not the role of Bursa. You guys actually have the answer... Cheers

@Happy3933.. Ha ha... Cheers

@Happy3933... That loss of RM269 is for a 18-months period, not 12 months. Barakah has changed its financial period. The current report is for a 3-months period... Cheers

Legal matters... Zaid Ibrahim is showing his mark in Barakah. He is definitely adding value to Barakah. Barakah will have lots of stories to tell us at the AGM...

@Mabel... Ha ha, not ahead of you guys. Only had very few counters to monitor. Cheers

Barakah has gone into arbitration with Petronas... this is a good news

The next stage after receiving approvals to all its resolutions is for the Investment Bank (IB) to come out with a rescue plan for submission to Bursa. Perisai is not able to submit the Corporate Regularisation Plan as expected to Bursa because of the P Kamelia issue. For as long as it is being detained, P Kamelia cannot be in service to generate revenue or bidding for contracts.

It is not only us, the retail shareholders who are anxious on the listing status of Perisai, the secured & unsecured Creditors are equally anxious. The long list of Creditors includes commercial banks both local & foreign.

Is Perisai too big to fail... Let's hope for the best

@Happyflow8888... We wait till Dec 31 to see the response from Bursa.

From what I gather & the reason why the Management were cautious in their replies... is centred on Perisai Kamelia, Perisai's key asset. As we all know P Kamelia is currently detained and not in operation though the Management is currently working to uplift the detention. This is the only condition I believe Perisai is not able to fulfil. As a result Perisai's listing status hinges on Bursa's kind consideration.

Implications to arise if Perisai is de-listed as a result of P Kamelia issue. .. Corporate restructuring exercise will collapsed & RM1.2 billion debts will never be recovered.

Yes, I am still confident Perisai will not be de-listed. Just encountering challenges along the way.

Anti-climax indeed. Cannot celebrate yet...

Meeting over... Let's wait for the press release to know more

Things don't look encouraging as the Management have repeatedly stated that the final say in re-listing lies with Bursa. 2 conditions have been given for Perisai to comply.

According to a little bird... the Management are not prepared to confidently state when Perisai will be relisted... Very cautious Management. AGM is still on...

@Happyflow8888... Ha ha... Why 5 years? You must be the longest holding shareholder Perisai had. The company must award you for your loyalty... Ha ha

I am very confident all the shareholders will see the benefits in supporting the Management in turning Perisai around. What @fastranger said is definitely right. It will be a good & productive AGM... to us all. Its almost a 10 months wait...

Just too bad... Hopefully others are of help...

@fastranger... Ha ha... I think you're right.

@scwmike8... Never evaluate a company strictly based on its profitability. Its just theory. Businesses are subject to economic cycles. The world crude oil plunged in 2014. Perisai became a distress company as a result of the economic downturn. Things are definitely looking brighter now... economically. Perisai is a turnaround company... after this Thursday. Perisai will be profitable again... no doubt about that.

@T800... Not Scomies but I am observing your Alam. I like the trend...

@Happyflow8888... Ha ha... @fastranger will keep us posted. Cheers

@Mabel... You definitely enjoy associating yourself with the share market. You remained focused & motivated. Your penning the pantun reflects your motivation. I felt encouraged too. Thanks

Ha ha... @suraya is actually @T800 sister. What a coincident

@Happyflow8888... Hopefully you can find time to join @fastranger at the AGM next Thursday. I am sure you will not regret attending the meeting....

Guys, the vessel Perisai Kamelia is currently not in service due to disputes. The payment acts like an undertaking to the court to release the vessel. Perisai needs the vessel to fulfil its contractual obligations...

@taloha... Barakah is a late starter. I am expecting lots of excitement in 1Q20...after the AGM. Barakah will then stand tall together with its other peers... Cheers

@Mabel... Well done, Mabel. A fantastic achievements beating the KLCI, especially with a diverse portfolio. As for me, I am moving in tandem with the index... Ha ha. Cheers guys

@Happy3933... I prefer your play... concentrating on 1 or 2 counters only. Less excitement, no doubt but much healthier returns. Cheers

@investortrader88... I agree with you the market is no good. Its actually getting weaker by the day. Index-wise, staying at 1600 level is also a struggle. But its because of Ms Malaysia, Ms Universe & Ms Milky-way I am still around... Ha ha. Cheers

@T800... The market is very cruel. I see heavy clearing at 14-14.5 sen. At this level, its already a return of 50%...over 3 months period. Of course, I am in no position to advise you. The market plays with your fear... & greed. Cheers

@investortrader88... Wahhh... you beat T800 to the jackpot earlier. Lucky you...

@Mabel... I believe the activities in Scomies has something to do with its EGM next Thursday... where they are proposing a share reduction & consolidation 5 to 1.

@Chunkit Yip... Yes, Barakah is oversold. Hopefully we can see the reverse happening soon. Cheers