Posted by Mabel > 2019-09-01 23:31 | Report Abuse

Indeed 88!

Absolutely!

Posted by Mabel > 2019-09-02 22:39 | Report Abuse

Market syndicates have been around for many decades and their stock manipulative activities have been felt in the United States, Singapore, here and every other market around the world.

Their objective has always been to push up share prices and then unload the high-priced shares on punters.

Want to steal food from Lions?

See

https://www.youtube.com/watch?v=4YY4f4OF0BM

Posted by youarewelcome88 > 2019-09-02 23:05 | Report Abuse

@Mabel... Another good analogy. Hilarious though. The presence of market syndicates keeps the market alive. To me, they are real professionals. Very difficult to read their play.

Posted by Mabel > 2019-09-02 23:57 | Report Abuse

Indeed...

Sharing another interesting developments ...

Even a sunset business is not easy to wind up...


https://www.theedgemarkets.com/article/no-rescue-plan-sight-utusan-edges-closer-delisting


Industry observers say a consolidation between Utusan and Media Prima’s Berita Harian — which is under New Straits Times Press (M) Bhd (NSTP) — and between Kosmo! and NSTP’s Metro is a possibility, given the challenging print media landscape.

Posted by Mabel > 2019-09-03 00:38 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/08/19/recession-in-2019-unlikely

KUALA LUMPUR: Maybank Kim Eng Group says a recession in 2019 is unlikely but there is a possibility of it happening in the second half of 2020.

Looks like we have only a small window of 10 months to make it happens..

Cheers to all potential millionaires!

Posted by Angus Kuan > 2019-09-03 10:35 | Report Abuse

If Bara can survive this round, it should be all good. But not sure how can it... oil and gas market is a bit low lately

Posted by Mabel > 2019-09-03 11:26 | Report Abuse

Brend is USD 59 +

Anything above USD 50 should not be a case of panic...

Posted by Mabel > 2019-09-03 17:24 | Report Abuse

All my energy companies except 2 drop today...Weak oil creates buying opportunity!!

I accumulate more SERBA DINAMIK Shares today capitalizing on weak sentiments...

Posted by kianweng123 > 2019-09-03 18:11 | Report Abuse

T800 scomi pn17 lol

Posted by T800Terminator > 2019-09-03 23:07 | Report Abuse

Let it be la. As long as Alam is picking up....

Posted by Mabel > 2019-09-03 23:28 | Report Abuse

Team,

I like to share what I wrote in the Armada Forum next door as I believe it has the same characteristic why Armada got into trouble which I think is similar to Barakah. The purpose is to share how it's possible for a company can make a turn around...


As I said earlier Armada has gone into a little bit of trouble largely due to the poor oil price since 2015.

Bumi Armada has two main core, the first which is OSV or Offshore Service Vessel and the other FPSO which stands for Floating Production Service Offloading. Because of the poor oil price, OSV has largely been impacted and because the OSV's business has less barrier of entry, it is hugely competitive in times where activities on exploration, offshore production is kept low. Many companies in the OSV space are not able to be kept afloat.

FPSO on other hand is a more complex business. It is a partner to the oil companies which is extracting out the commodity from the sea. There are not that many companies which are capable of getting into this business. As mentioned above, Bumi Armada is one of the largest. Yinson from Malaysia is the other. Bumi Armada as we see it is less preferred than Yinson - mainly because of its balance sheet, not its capability. Yinson in fact, is a lesser size player. FPSO is a growing business and has much less competitors.

When as outside investors see that the company is in liquidity crunch, the two things that comes in mind is additional injection - which means more capital and the other being liquidation which is the worst of the two. Either one however, during times like this is less preferable. Bumi Armada has come out on record to say that it is not looking at raising funds through additional injection. Coming from them, I would say I trust what they are doing. Instead, it is looking at restructuring its short term debt into long term debt.


Why do I say this? As a start, the level of business operations activities for Armada for the last 1 year is at its highest for the last 5 years. It has just gotten acceptances for 2 of its largest FPSO projects through Armada Kraken and Armada Olombendo. These are the 2 projects which are more complex than its earlier projects - and the key is that it has gotten acceptances, where from here the contractual work should be more smooth flowing. All in all, Armada has over RM20 billion of contracts in hand and another RM10 billion of extension options.

I would also like to highlight that the high gearing over the last few years is also because of mainly the 2 large projects. From 2014 to 2017 they have been investing into the business.


What Armada has gotten into trouble is from the OSV business and the termination (Armada Claire) and bankruptcy of one of its client in Nigeria. These largely caused them to be sunk into some liquidity issue.

I do not think these are issues which cannot be solved especially given that it has solved the larger operational issue from Armada Kraken. Looking forward, I would like to think that despite oil price being lower than the best years between 2012 - 2014, many of the oil producing countries have gotten hold of the shock better than what they experienced in 2015. Oil price may not go as high as USD90 or USD100 anymore but from what I read as long as Brent is above USD 50, there's a good change for the company to make it.

Posted by i3lurker > 2019-09-03 23:35 | Report Abuse

just as RM1,000 per month is NOT poverty under Pakatan Govt and a fantastic salary...

also 3 sen per share is NOT bad and is actually a fantastic price.

Posted by Mabel > 2019-09-03 23:52 | Report Abuse

@i3lurker just as RM1,000 per month is NOT poverty under Pakatan Govt and a fantastic salary...

also 3 sen per share is NOT bad and is actually a fantastic price.
03/09/2019 11:35 PM

Nice to see you here i3lurker!

I'm more inspired to keep AA after your BigPay revelation.

One Big like from me 3lurker !

Cheers!

Posted by Mabel > 2019-09-04 11:41 | Report Abuse

Brilliant!

It's back at 0.35!

Patience is a bitter plant, but its fruit is sweet...

Posted by saintambrose > 2019-09-04 13:51 | Report Abuse

How long need to wait

Posted by youarewelcome88 > 2019-09-04 14:25 | Report Abuse

No answer to your question. However, I am expecting a rebound very soon. Do not contra.

Posted by Mabel > 2019-09-04 21:36 | Report Abuse

@saintambrose How long need to wait

If you scroll up all the discussion with the team, the general consensus is 6-9 months

This is more or less about the same time for Armada, Sapura, KNM and Velesto to make the turnaround...

Yes, use your extra money and be prepared to Hold....it's 50/50 either you win big or you lose big. Hence invest at your own risk.

Posted by DawsonL > 2019-09-04 23:11 | Report Abuse

Actually if you're not looking for over like 100% profit, it won't take that long from my opinion. Even shorter if you're just looking for 16% profit.

Posted by Mabel > 2019-09-04 23:57 | Report Abuse

That's true DawsonL!

Posted by youarewelcome88 > 2019-09-05 08:15 | Report Abuse

@Mabel... It's actually Win big or lose Small. Ha ha. Cheers

Posted by DawsonL > 2019-09-05 14:53 | Report Abuse

Let's end today at 3.5,then that would be a good sign.

Posted by Mabel > 2019-09-05 21:38 | Report Abuse

@youarewelcome88 @Mabel... It's actually Win big or lose Small. Ha ha. Cheers

Absolutely 88!

That's why I'm still holding ...

Posted by Mabel > 2019-09-05 23:22 | Report Abuse

@DawsonL Let's end today at 3.5,then that would be a good sign.

Indeed...strong support is at 3...

What it needs is just one good news to move it up again.

The good news is this counter has no short traders...

Posted by youarewelcome88 > 2019-09-06 09:33 | Report Abuse

Aiyooo... IB still at it

Posted by Moc Nokin > 2019-09-06 13:53 | Report Abuse

Wa, barakah drop till 0.03

Posted by DawsonL > 2019-09-06 14:18 | Report Abuse

What does the term 'IB' mean in this context?

Posted by youarewelcome88 > 2019-09-06 16:40 | Report Abuse

@DawsonL... It's actually Investment Bank or Kenanga, in particular

Posted by DawsonL > 2019-09-06 18:05 | Report Abuse

I see, I see. Thanks for the info.

Posted by Mabel > 2019-09-08 22:25 | Report Abuse

What happens to this group?

Cheers up!

It's not the end of the world...

Keep sharing... as the more you share about this stock the more it excite the buyers..

Cheers!

Posted by speakup > 2019-09-08 22:42 | Report Abuse

last time many analyst recommended buy on Barakah.
now Barakah gone!

Posted by Mabel > 2019-09-08 22:47 |

Post removed.Why?

Posted by youarewelcome88 > 2019-09-09 00:31 | Report Abuse

Perhaps many are away on holidays... they should be back with vengeance soon

Posted by Mabel > 2019-09-09 08:10 | Report Abuse

Noted 88..

Aiyaa.. I actually posted a nice beautiful and inspiring songs. It's a pity that i3 cannot accept beautiful songs...

Posted by saintambrose > 2019-09-10 09:17 | Report Abuse

What song tittle

Posted by SuhaimiSo > 2019-09-10 10:03 | Report Abuse

buy Gdex

Posted by kianweng123 > 2019-09-10 16:26 | Report Abuse

bumi comeback

Posted by SuhaimiSo > 2019-09-10 16:53 | Report Abuse

THHeavy sudah lari

Posted by Mabel > 2019-09-10 22:52 | Report Abuse

Brilliant!

Prince Barakah is also on the upwards trends.

Miss Greatec has exceeded my expectation in term of Margins, Profits and Performance. It has today overtaken Mabel Technology Star Performer, MyEG in all area.

Industrial Revolution 4.0 is where the future is..

She closed RM 1.45 today.

Likewise, Princess Armada also exceeded expectations. She climbs more than 13% today closing at 0.285..She has just started to wake up...

I'm expecting our Prince Barakah will wake us soon.. Princess Armada is already waiting for him

Cheers everyone!

Posted by Mabel > 2019-09-10 23:11 | Report Abuse

@saintambrose What song tittle

saintambrose,

Go to You tube and type this..." bread i'm gonna make it with you"

Bread - Make it with you (1970)

Posted by youarewelcome88 > 2019-09-11 11:00 | Report Abuse

@Mabel... Ha ha. Your post is more inspirational than the song... Good to begin the morning with.

Posted by tunteja01 > 2019-09-11 11:24 | Report Abuse

Bumi and Sap price also shows positive. Buy now before the price becomes more expensive.

Posted by youarewelcome88 > 2019-09-11 14:37 | Report Abuse

On Sapura... I will be very careful even to consider buying it again. If you were to read about Sapura, prior to its rights I was bullish on its prospect. Its a turnaround company especially with PNB & OMV coming on-board. However, it is the other factors that determine its market price. To me, the market price is still floating.... albeit on a narrow range

Posted by Mabel > 2019-09-11 18:50 | Report Abuse

Brilliant...another closing of 3.5..

Posted by Mabel > 2019-09-12 17:36 | Report Abuse

Brilliant...another closing of 3.5..

Posted by Mabel > 2019-09-12 17:42 | Report Abuse

Huat ah!!!

Posted by youarewelcome88 > 2019-09-12 18:38 | Report Abuse

I have a feeling that Barakah will revisit 2.5 sen... I also find it strange that Nik is helpless in defending a company that he has personally built. The big bikes he owns are worth more than his current shareholdings....

Posted by Ron90 > 2019-09-13 00:06 | Report Abuse

lucky if still can sell at 3.5 cents, soon worthless than sumatec.. should have seen it coming many months ago la..take that white khight story to the grave

Posted by youarewelcome88 > 2019-09-13 07:54 | Report Abuse

@Ron90...I always find reviving a distress PLC, very exciting. It is filled with exciting news. I, for one believe that the suspension by Petronas will be lifted soon. Strong possibility the crux of their disputes are due to the unauthorised variation works on the ground. Barakah will Never be unlisted...

Posted by Mabel > 2019-09-13 08:54 | Report Abuse

Aameen to that !

An Extract from Barakah Website

http://www.barakahpetroleum.com/bop/index.php/investor-relations

Barakah entered PN17 - Status in May-19:

• KL101 defaulted on instalment payments to EXIM Bank amounting USD2.65m/ RM11.08m.
• Drawn down amount in Aug-14: USD57.46m.
• Loan outstanding as at 16-May-19: USD42.32m.

What Barakah is doing?

Total liabilities as at 31-Mar-19: RM335.9m
• In the midst of finalising a scheme to restructure the Group’s debt with EXIM Bank and past due creditors.
• Completed revaluation exercise of KL101.
• The exercise resulted in an impairment of the asset.
• The revaluation deficit of USD39.0m / RM161.1m will be reflected for the financial period ending 30 June 2019.
• Embarking on a regularisation plan to:
• Address significant outstanding amount due to creditors
• Improve our net asset position
• Resolve the lack of utilisation of KL101
• The proposal of the regularisation plan to be formalised mid-2019.

Business Outlook

Focus on bidding for more projects
Estimated tender book value of RM928 million.
Active participation in pre-qualification for potential future projects bidding.

Execution of projects to sustain operations
Orderbook of RM600 million provides earnings visibility up to 2023.

Collaborate with stronger companies
Strategic tie-up with Vallianz.
Collaboration with Minsheng.
To explore areas of collaboration.

Utilisation of pipe-lay barge KL101 - Currently on hire as accommodation vessel for MCM
contract, offshore of Terengganu

My next wish is for Nik to take stronger leadership like General Lee of KNM to work with investors to revive Barakah...

Like I said earlier, it's not the end of the world..Keep sharing.

Posted by Mabel > 2019-09-13 08:59 | Report Abuse

@youarewelcome88 @Ron90...I always find reviving a distress PLC, very exciting. It is filled with exciting news. I, for one believe that the suspension by Petronas will be lifted soon. Strong possibility the crux of their disputes are due to the unauthorised variation works on the ground. Barakah will Never be unlisted...

Indeed. Beside Barakah, I also picked and invested in ICON and Alam to feel the experience what it's like to revive a distress companies. The only way to feel it is to put your stake in it.

Cheers!