Posted by youarewelcome88 > 2019-10-02 13:23 | Report Abuse

@Chun...Ha ha.. It's fiction for now. Cheers

Posted by zakryfaa > 2019-10-02 20:19 | Report Abuse

PetGas served with RM179.8m demand notice by Barakah

Posted by zakryfaa > 2019-10-02 20:20 | Report Abuse

https://www.theedgemarkets.com/article/petgas-served-rm1798m-demand-notice-barakah

Posted by youarewelcome88 > 2019-10-02 20:30 | Report Abuse

Another lawsuit....this time against Petronas Gas $179.84 millions. I am keen to see how Petronas is going to defend its charge of Non-performance against Barakah in the court of law. Barakah on the other end has counter sued Petronas for having caused irreparable damages to its business operations and reputation by issuing public letter of complaints to other foreign oil companies. Petronas has to justify its actions knowing very well such public reprimand will destroy Barakah. Failure to defend this suit will make Barakah richer by $1 billion....

Posted by youarewelcome88 > 2019-10-02 20:57 | Report Abuse

The Suspension letter have also caused its owner financial distress... He has less than 7% shareholding by now. I hope Nik will take legal recourse against Petronas for having caused him untold damages...

Posted by Happy3933 > 2019-10-02 21:10 | Report Abuse

Like I said before, if you pushed the dog against the wall and the dog can't move anymore, it will surely bite you ! Cheers...

Posted by T800Terminator > 2019-10-02 21:31 | Report Abuse

So tomorrow limit up?

Posted by youarewelcome88 > 2019-10-02 21:32 | Report Abuse

@Happy3933... If that dog is a Belgium Shepherd... no play, play lo. Have not read anything on Petronas's replies yet. My 2 sen opinion says Petronas has limited chance of winning. Need to buy more Barakah shares... Cheers

Posted by youarewelcome88 > 2019-10-02 22:08 | Report Abuse

@Mabel... Serba's CEO bought Powernet today. Hopefully he's on a buying spree...

Posted by Chun Loke Low > 2019-10-02 23:38 | Report Abuse

Time to queue 0.035 instead. If the outcome of these events is positive, price should go up soon.

Posted by Mabel > 2019-10-03 14:24 | Report Abuse

@youarewelcome88 @Mabel... Serba's CEO bought Powernet today. Hopefully he's on a buying spree...

02/10/2019 10:08 PM

----

Sorry I have been busy with my High Speed Rail Teams.

Yes, Serba is cash rich. In addition, after dividend payout, EPF and KWAP are coming on board. Hence, the CEO is on the buying spree.

I love the idea that Barakah is fighting back. That show strength...

Let's continue to monitor the following developments :

Plan A : Business Outlook

1. Petronas and Petronas Gas lawsuits – RM 1.4 Billion
2. Focus on bidding for more projects - Estimated tender book value of RM928 million.
3. Execution of projects to sustain operations
4. Orderbook of RM600 million provides earnings visibility up to 2023.
5. Utilisation of pipe-lay barge KL101 - Currently on used by MCM contract, offshore of Terengganu

Plan B : Potential White Knights or Suitors...

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

Cheers!

Posted by Mabel > 2019-10-03 14:25 | Report Abuse

@Chun Loke Low Time to queue 0.035 instead. If the outcome of these events is positive, price should go up soon.

Yes Chun....We need one good news!

Posted by youarewelcome88 > 2019-10-03 14:26 | Report Abuse

@Mabel... It is an endorsement for Serba with EPF & KWAP coming on board. Switching their portfolio from Sapura...

Posted by youarewelcome88 > 2019-10-03 15:57 | Report Abuse

@Mabel... I still believe the fastest way out for Barakah is through the one who put them in the mess in the first place... Petronas. Its going to be a wasteful $1 billion if Petronas decides to challenge the lawsuits. Out of court settlement is the better and cheaper option for Petronas. With the writ of summons already issued, I forsee settlement not too far a distance ... Keeping fingers crossed though. Cheers

Posted by Mabel > 2019-10-03 21:35 | Report Abuse

I agree with you 88!

Posted by youarewelcome88 > 2019-10-03 23:04 | Report Abuse

@Mabel... What a dream come true reading the out of court settlement... Ha ha. Cheers

Posted by Cnlim > 2019-10-04 07:22 | Report Abuse

I think all in the dream if barakah is good the price cannot be below 10cts

Posted by youarewelcome88 > 2019-10-04 07:49 | Report Abuse

@Cnlim...Barakah at this level is opportunity, to me. We all go through bad times in life...Cheers

Posted by Mabel > 2019-10-04 23:38 | Report Abuse

Always remember what Honda said..."The Power of Dream"

9 months ago we said the same things about Armada and KNM...

Look at both of them today...

Cheers!

Posted by Happy3933 > 2019-10-05 12:13 | Report Abuse

Hi everyone... yesterday I dreamed a dream...
Cheers.

Posted by youarewelcome88 > 2019-10-05 13:17 | Report Abuse

@Happy3933... Let me guess. Is it a Bentley? That's a sweet dream.. Ha ha. Cheers

Posted by Happy3933 > 2019-10-05 14:17 | Report Abuse

@88.... Kikikiki... you are absolutely right, it's a Bentley Bentayga.... cheers.

Posted by Chun Loke Low > 2019-10-07 12:42 | Report Abuse

When I queue, people don't sell. When I don't queue only ppl sell zz

Posted by Happy3933 > 2019-10-07 13:24 | Report Abuse

@ChunLoke... sometimes you need a little bit of luck.... kikikiki... cheers... start to queue again.

Posted by Mabel > 2019-10-07 17:01 | Report Abuse

Not bad... More than 6 million shares traded...

Posted by calvintaneng > 2019-10-08 14:08 | Report Abuse

Mabel

After utusan gone bankrupt due to negative Nta the next to go bankrupt might be barakah

Better sell all barakah and switch into Netx before barakah sink into the ocean of total loss

All can regain from your losses in Netx when NFCP IN FULL SWING

Posted by Mabel > 2019-10-08 15:07 | Report Abuse

'm already in Netx Calvin :)

Hence I will not miss NFCP..

BARAKAH is another potential turnaround.. Just like Armada, Velesto and Sapura..

I don't want to miss this one too..

Posted by Happy3933 > 2019-10-08 18:02 | Report Abuse

Total loss...... when ????

Posted by youarewelcome88 > 2019-10-09 09:16 | Report Abuse

@Happy3933... No total loss lah. Just another bad dream... Ha ha. Cheers

Posted by calvintaneng > 2019-10-09 09:19 |

Post removed.Why?

Posted by Mabel > 2019-10-09 09:29 | Report Abuse

@calvintaneng Sell barakah at 3 sen now

Then can buy 2 Netx at 1.5 sen

Sell one Rubbish in exchange for 2 gem stones

BEST EXCHANGE TODAY
-----
As I mentioned to you yesterday...

Already bought Netx at 1.5

Now putting more queue at 1,0

Barakah is a different ball games. For me it's the same story as your recommendation for TalamT, AsiaPac, T7 Global, AZRB, PreStar, Masteel...

Barakah will be another potential turnaround story like Armada, Velesto and KNM..

Mid this year, you played down Greatec many times, Greatec is one of best success story. Yesterday closed 1.68 and it has overtaken to be the best performing technology stocks...

Relax Calvin, you are doing great at Netx...just stay focus on that one...

Cheers!

Posted by youarewelcome88 > 2019-10-09 09:39 | Report Abuse

I will only buy Netx at 0.005 sen... It's expensive even at 1.5 sen. Cheers

Posted by Happy3933 > 2019-10-09 14:25 | Report Abuse

Barakah rubbish, Netx gem.... Hahaha, we will see in 6 months time, which is rubbish and which is gem... cheers. Please remember what you wrote today....

Posted by Mabel > 2019-10-09 20:02 | Report Abuse

Calvin is always like that since he's trying to push his selection of stocks.

Just continues to stay focus and do share any potential good news..

Honestly it's been pretty quiet lately.

Sometimes no news means good news. While sometime is got news is a good news..

Posted by youarewelcome88 > 2019-10-09 20:59 | Report Abuse

@Mabel... Feels good after reading your post. I find using the word Rubbish is strong & crude. I am all for healthy exchange of opinions. Cheers

Posted by Happy3933 > 2019-10-09 22:56 | Report Abuse

@88... for your information, nowadays rubbish also worth a lot of money, try going to the ' besi buruk ' place and see... kikikiki... cheers.

Posted by Happy3933 > 2019-10-09 23:05 | Report Abuse

One more thing...Bursa is always full of surprises and mystery... Rubbish can turn into gem and gem can also turn into rubbish, never looked down on any particular stock coz nobody knows what will happen next... cheers.

Posted by Happy3933 > 2019-10-09 23:07 | Report Abuse

@88... let's continue with our Dream... cheers to you Mabel...

Posted by youarewelcome88 > 2019-10-10 07:34 | Report Abuse

@Happy3933... Cheers to you

Posted by Mabel > 2019-10-11 00:18 | Report Abuse

Cheers to you Happy!

Posted by Mabel > 2019-10-11 12:18 | Report Abuse

Good Volume at 35 sens....

61% Buying rates

Keep it up guys....

Posted by youarewelcome88 > 2019-10-11 14:06 | Report Abuse

@Mabel... Ha ha.. Was trying at 2.5 sen. No luck, perhaps

Posted by limkopi > 2019-10-11 14:45 | Report Abuse

how come got trade restriction cannot buy?

Posted by youarewelcome88 > 2019-10-11 15:43 | Report Abuse

@limkopi...Cash purchase! That's bad news

Posted by Mabel > 2019-10-11 15:50 | Report Abuse

2.5 sens not easy to get...

Posted by Mabel > 2019-10-11 15:50 | Report Abuse

67% buying rates at 3.5 sens

Posted by youarewelcome88 > 2019-10-11 16:29 | Report Abuse

@Mabel... Is something cooking?

Posted by limkopi > 2019-10-11 17:04 | Report Abuse

huh ya i doing cash purchas but its restricted?

Posted by Happy3933 > 2019-10-11 17:58 | Report Abuse

Wow... what a nice dream for the weekend ! Have a nice weekend everybody... cheers.

Posted by Mabel > 2019-10-11 19:00 | Report Abuse

88
Oil price is touching USD 60..