BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.05

Today's Change

0.00 (0.00%)

Day's Change

0.05 - 0.055

Trading Volume

1,186,100


20 people like this.

16,353 comment(s). Last comment by mf 3 weeks ago

newbie9893

2,366 posts

Posted by newbie9893 > 2021-04-03 20:36 | Report Abuse

PN17, high chance de-list from KLCI

Mike2626

73 posts

Posted by Mike2626 > 2021-04-03 23:16 | Report Abuse

Hi chance drop to 0.01

Raiz368

1,604 posts

Posted by Raiz368 > 2021-04-03 23:33 | Report Abuse

This stock is good chance to get 100% return in short term

Raiz368

1,604 posts

Posted by Raiz368 > 2021-04-03 23:37 | Report Abuse

I already bought from 0.085, 0.095, 0.105, 0.125 for 25 lot every price. Plan to sell when the price hit 20 cent.

Prem0403

812 posts

Posted by Prem0403 > 2021-04-04 09:03 | Report Abuse

mike2626 will everytime talk cock jealousy muthfkcuer

Mike2626

73 posts

Posted by Mike2626 > 2021-04-04 14:15 | Report Abuse

Those who follow 0403 will go holland. Cut loss from GXX den come here bark. Buy he say. Sell also he say. Dollah thambi. Everyday spam barakah klse screener, facebook n here. Bursa master

Prem0403

812 posts

Posted by Prem0403 > 2021-04-04 16:03 | Report Abuse

I'm still holding gfm don't get jealous ya

sirdukes

62 posts

Posted by sirdukes > 2021-04-04 21:00 | Report Abuse

Heard possible that tomorrow's creditor's meeting will approve Barakah' debt repayment plan. Once this is approved, one big hurdle cleared to exit PN17. The samling case is still ongoing, Barakah haven't won the case, they just managed to strike out the motion by samling to drop the case but it is looking positive. Good chance this counter will fly soon.

sheep

3,851 posts

Posted by sheep > 2021-04-04 22:32 | Report Abuse

Last month was .. 1 april creditor's meeting.....
This month ...everyday post is "tomorrow's creditor meeting" .......

wakakakakaka

Prem0403

812 posts

Posted by Prem0403 > 2021-04-05 09:10 | Report Abuse

gg barakah LU

sirdukes

62 posts

Posted by sirdukes > 2021-04-05 09:14 | Report Abuse

Meeting is 5th April. Today

fittneo

138 posts

Posted by fittneo > 2021-04-05 09:22 | Report Abuse

maybe something is brewing in the meeting...

sirdukes

62 posts

Posted by sirdukes > 2021-04-05 09:23 | Report Abuse

Afternoon

lch888

10 posts

Posted by lch888 > 2021-04-05 09:49 | Report Abuse

Sirduckes...what kind of meeting? excited leh. I holding for so long already.

Prem0403

812 posts

Posted by Prem0403 > 2021-04-05 09:51 | Report Abuse

regarding the PN17 and the debt to be settled

lch888

10 posts

Posted by lch888 > 2021-04-05 09:55 | Report Abuse

so, now can buy a bit more la. :)

sheep

3,851 posts

Posted by sheep > 2021-04-05 10:13 | Report Abuse

The Board of Directors of Barakah wishes to inform that the Court Convened Meeting (“CCM”) of PBJV Group Sdn. Bhd. (“PBJV”) pursuant to the Order was conducted on even date.

A creditor of PBJV, Export-Import Bank of Malaysia Berhad had proposed an adjournment of the CCM pursuant to Section 366(2) of the Companies Act 2016.


The resolution for adjournment was approved by the requisite majority of more than seventy-five (75) per centum of the total value of creditors present and voting either in person or by proxy at the meeting.


The CCM is now adjourned to Monday, 5 April 2021 and will be held virtually at 2.00 p.m. at Barakah Offshore Petroleum Berhad, Petaling Jaya (“Broadcast Venue”).


Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.


This announcement is dated 15 March 2021.


wakakaka.....adjourned again or falling knife...liquidations...wakakaka

sheep

3,851 posts

Posted by sheep > 2021-04-05 10:15 | Report Abuse

buy on rumours ..sell on news....wakakaka

lch888

10 posts

Posted by lch888 > 2021-04-05 10:23 | Report Abuse

@sheep, this means good or bad? or 50/50? hahaha

Prem0403

812 posts

Posted by Prem0403 > 2021-04-05 10:45 | Report Abuse

sheep crying bcs sold to early

sirdukes

62 posts

Posted by sirdukes > 2021-04-05 14:19 | Report Abuse

Meeting has started 2pm. Any news?

Prem0403

812 posts

Posted by Prem0403 > 2021-04-05 14:58 | Report Abuse

lu soon

Jslm123

261 posts

Posted by Jslm123 > 2021-04-05 15:07 | Report Abuse

Big or Small

cks5187

18 posts

Posted by cks5187 > 2021-04-05 15:11 | Report Abuse

sharks start selling

Prem0403

812 posts

Posted by Prem0403 > 2021-04-05 15:27 | Report Abuse

run ?

sheep

3,851 posts

Posted by sheep > 2021-04-05 15:38 | Report Abuse

hold .....wakakakaka

Mike2626

73 posts

Posted by Mike2626 > 2021-04-05 15:42 | Report Abuse

Prem strong investor. Run what

HrryPttr

1,975 posts

Posted by HrryPttr > 2021-04-05 15:44 | Report Abuse

GG

DrMBTK

136 posts

Posted by DrMBTK > 2021-04-05 15:57 | Report Abuse

It will be announced tonight by Bursa.. Nik Hamdan is genius ..

fittneo

138 posts

Posted by fittneo > 2021-04-05 16:02 | Report Abuse

hope good news la tonight....

JK22

1,789 posts

Posted by JK22 > 2021-04-05 16:10 | Report Abuse

Action always travel ahead of news. The time it reaches the media , usually it is just left over scrap and bones for ikan bilis . From the past few days volume , we have to make our own judgement .. will it be a good news or bad news. The hike in volume cause by ikan bilis ? And the second section today afternoon sell down ( about 15mil shares or so exchanged) , it is by shark or by panicked ikan bilis...

JK22

1,789 posts

Posted by JK22 > 2021-04-05 16:13 | Report Abuse

A quiet afternoon , may also indicate , nothing happened and just another waiting for next coming meeting .

Mike2626

73 posts

Posted by Mike2626 > 2021-04-05 16:13 | Report Abuse

Panicked by prem

kabukiman

324 posts

Posted by kabukiman > 2021-04-05 16:21 | Report Abuse

heng ahhh!!! huat ahhh!!! limitup lai la

sheep

3,851 posts

Posted by sheep > 2021-04-05 16:38 | Report Abuse

rights issues...wakaka

SNAS

40 posts

Posted by SNAS > 2021-04-05 18:46 | Report Abuse

The Board of Directors of Barakah wishes to inform that the Court Convened Meeting (“CCM”) of PBJV Group Sdn. Bhd. (“PBJV”) was conducted on even date.



The Board of Directors of Barakah further wishes to inform that PBJV’s proposed debt settlement have been agreed by the requisite majority of seventy-five (75) per centum of the respective class of creditors under the proposed debt settlement present and voting either in person or by proxy in the CCM.



PBJV shall be making an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for the Court’s approval of the approved proposed debt settlement. Upon the granting of the order for approval by the Court, the proposed debt settlement shall be binding on all of the respective creditors under the proposed debt settlement upon the lodgment of an office copy the Court order for the approval with the Registrar of the Companies Commission of Malaysia.

SNAS

40 posts

Posted by SNAS > 2021-04-05 19:01 | Report Abuse

I'll strongly stay in Barakah. I wanna see Barakah exit PN17 & win summon against Petronas. Don't miss the rocket, don't miss the supersonic jet & don't miss the bullet train.

sheep

3,851 posts

Posted by sheep > 2021-04-05 20:30 | Report Abuse

yup....at the same time, get ready some cash to help out.....it has negative shareholders fund......and petronas suspension on new contracts only end May 2022.

wakakaka

Prem0403

812 posts

Posted by Prem0403 > 2021-04-05 21:36 | Report Abuse

sheep don't cry

HrryPttr

1,975 posts

Posted by HrryPttr > 2021-04-05 22:32 | Report Abuse

Waaa look like good news. At least

Jslm123

261 posts

Posted by Jslm123 > 2021-04-05 22:56 | Report Abuse

Let see tomorrow any director acquire the shares.

DrMBTK

136 posts

Posted by DrMBTK > 2021-04-06 07:25 | Report Abuse

A few big events will happen soon within 5 weeks time. Time to collect at the price below 12 sen.

sirdukes

62 posts

Posted by sirdukes > 2021-04-06 08:28 | Report Abuse

I don't think there will be time to buy. It will just now FLY and FLY

Prem0403

812 posts

Posted by Prem0403 > 2021-04-06 08:28 | Report Abuse

Be careful gl

SNAS

40 posts

Posted by SNAS > 2021-04-06 08:53 | Report Abuse

Barakah gets 75% vote on debt settlement

BARAKAH Offshore Petroleum Bhd announced the Court Convened Meeting of PBJV Group Sdn Bhd’s proposed debt settlement was well received by creditors. In a filing to Bursa Malaysia yesterday, Barakah noted that PBJV creditors have in general backed the proposed debt settlement plan and now PBJV shall be making an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for the Court’s approval of the approved proposed debt settlement.

sheep

3,851 posts

Posted by sheep > 2021-04-06 09:10 | Report Abuse

now speculate on how to settle the dept....
1. Consolidation of shares: 50 to 1...
2. Rights issues with free warrants after consolidation.. 20 to 1 @ 25sen
3. wakakakaka

HrryPttr

1,975 posts

Posted by HrryPttr > 2021-04-06 09:27 | Report Abuse

SON ady. From 6 sen to 12 sen

Prem0403

812 posts

Posted by Prem0403 > 2021-04-06 10:18 | Report Abuse

luckily I gained profit and sold yesterday will get in later once drop 0.1 or below

SNAS

40 posts

Posted by SNAS > 2021-04-06 10:30 | Report Abuse

it's just a panic sale. be strong. Maybe white knight came and safe Barakah to settle the debt.

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