Posted by taloha > 2021-04-06 14:19 | Report Abuse

i see good progress over here, good job barakah for the moment. I believe there will be some adjustment on the debt settlement proposal, because during ccm meeting the terms still can be discussed. We still not sure what is the final proposal that creditors agreed on. Lets wait and see the regularize plan details from next announcement.

Posted by sheep > 2021-04-06 15:00 | Report Abuse

NAVPS is -0.19 how good can it be?
..wakakakaka

Posted by taloha > 2021-04-06 15:21 | Report Abuse

@sheep tell something we don’t know haha. something which can open our sight. NAVPS info is everywhere ler hehehe

Posted by Prem0403 > 2021-04-07 16:33 | Report Abuse

will collect below 0.1

Posted by taloha > 2021-04-07 16:56 | Report Abuse

@prem0403 possible, if look on the trend, can expect coming days they will throw large quantity to create panic sales all the way down from retail, then collect at lower all the way up. as usual same old strategy since 90s but still work like a charm. Only applicable to possibly good news coming counter. ok place your bet.

Posted by JK22 > 2021-04-07 17:03 | Report Abuse

Less than a month to submit its Regularisation Plan to the relevant authorities for approval . This 2 weeks volume will tell. If good news expected , it shouldn't go too much south.

Posted by Prem0403 > 2021-04-08 19:19 | Report Abuse

anybody at home

Posted by HrryPttr > 2021-04-09 00:08 | Report Abuse

Everybody left ady. Frustrated Barakah didn’t fly like they want

Posted by SNAS > 2021-04-09 09:42 | Report Abuse

yeah....Barakah in action. Good news is coming. GO GO GO Barakah.....

Posted by SNAS > 2021-04-09 09:45 | Report Abuse

TP for today 0.125

Posted by Prem0403 > 2021-04-09 16:56 | Report Abuse

tp 1.2 pun Tak sampai dah pegi 1.25

Posted by Christopher Cheah > 2021-04-09 16:58 | Report Abuse

mana satu katak cakap 0.125 today ?

Posted by Sara2020 > 2021-04-09 17:05 | Report Abuse

Waiting since morning, no 0.125? what good news YOU have?

Posted by Prem0403 > 2021-04-10 15:11 | Report Abuse

okay next week 0.15 thank me later

Posted by Mike2626 > 2021-04-10 16:47 | Report Abuse

I believe prank is still holding but he said he already sold and collect below 0.1. Just ignore what he say. Make everyone confuse and masuk longkang saja

Posted by anaktodak > 2021-04-10 17:42 | Report Abuse

hello barakah, what is direction next?

Posted by killer007 > 2021-04-11 00:44 | Report Abuse

Just hold tight and dont panic . This year raya barakah will give duit raya . Patience is key my friend . Collect now while still can .

Posted by sirdukes > 2021-04-12 11:26 | Report Abuse

Duit Raya as in dividends?

Posted by Prem0403 > 2021-04-13 15:07 | Report Abuse

tomorrow barakah's day stay tune

Posted by sirdukes > 2021-04-14 11:22 | Report Abuse

esok apa cerita Prem

Posted by anaktodak > 2021-04-14 15:38 | Report Abuse

next QR to out then price up again. alahai..

Posted by sheep > 2021-04-14 15:50 | Report Abuse

you buy you die kaw kaw....wakaka

Posted by Osman65 > 2021-04-14 18:01 | Report Abuse

Private placement

Posted by Osman65 > 2021-04-14 18:01 | Report Abuse

To 3rd party

Posted by taloha > 2021-04-14 19:22 | Report Abuse

good job barakah, creditors = settled , white knight((via PP) = to be identified
The identity of white knight is very important, personally I hope is someone BIG from serba dinamik

two things for sure, Barakah big possibility get out from pn17 soon in view of the PP, share price would definitely fly, tp for short term .16

second thing, @sheep will disappear from barakah forum quite some time again after this haha.

Posted by Alifhafid > 2021-04-14 21:06 | Report Abuse

Proposed pp...soon will out pn 17...will all in tomorrow

Posted by SNAS > 2021-04-14 22:26 | Report Abuse

https://www.theedgemarkets.com/article/barakah-offshore-petroleum-raise-rm143m-private-placement-working-capital

Posted by SNAS > 2021-04-14 22:27 | Report Abuse

https://www.theedgemarkets.com/article/evening-5-five-things-you-need-know-today-401

Posted by JK22 > 2021-04-14 22:44 | Report Abuse

Normal we don't like PP . But for this , so looking forward .. The soonest the PP approved and issue the better . O & G is on recovery and bullish anytime soon.

Posted by Supertrader88 > 2021-04-14 23:38 | Report Abuse

How come pp is good for this? Anyone can explain ?

Posted by taloha > 2021-04-15 00:06 | Report Abuse

@Supertrader88, there are two ways for a listed company to raise fresh fund, one is via pp another is right issues. some view pp is bad because shares can be diluted. Barakah,pn17 counter so basically not in the position to talk bout share dilution. Savings life is priority for them now lol. And pp means someone still value and confident with barakah. Barakah shares volumes is not huge even after pp additional shares. If you compare sapura energy you know what I mean then.

Posted by HrryPttr > 2021-04-15 02:04 | Report Abuse

PP to pay salary is good? Mainly use for working capital

Posted by JK22 > 2021-04-15 06:32 | Report Abuse

Good because someone will come In rescue and will out from PN17. and it is better than RI

Posted by JK22 > 2021-04-15 06:33 | Report Abuse

Will PP go thru also mean, there is still value

Posted by anaktodak > 2021-04-15 08:18 | Report Abuse

could price go down before the PP? any possiblity..

Posted by HrryPttr > 2021-04-15 13:47 | Report Abuse

@JK22 Thanks

Posted by JK22 > 2021-04-15 14:31 | Report Abuse

Not a buy call, judge yourself . PN17 Risk is still there . PP not done yet and investor not identified yet.

Posted by kabukiman > 2021-04-15 17:38 | Report Abuse

pp is quicker, cheaper, less hassle. what dilution to talk about considering the financial situation? and yes, as per taloha: the breathing space afforded from the cashflow is more important - surviving means able to pay shareholders later

Posted by sirdukes > 2021-04-16 08:55 | Report Abuse

How to purchase PP?

Posted by BigWhiteSand > 2021-04-17 22:13 | Report Abuse

Taloha, you mentioned Serbadk. Any insider news? Would be great if it’s them taking part of the PP.

Posted by kabukiman > 2021-04-19 14:38 | Report Abuse

serious ahh serba coming on board for barakah?? limit up lah laik dat

Posted by HrryPttr > 2021-04-20 01:35 | Report Abuse

IYD (In your dream)

Posted by SNAS > 2021-04-20 08:01 | Report Abuse

“All our dreams can come true, if we have the courage to pursue them.”—Walt Disney.

It is not wrong to dream. Sometimes a dream can become a reality. Pray for the best for all.

Posted by sirdukes > 2021-04-20 09:15 | Report Abuse

SD is not coming

Posted by humble1102 > 2021-04-20 17:07 | Report Abuse

The regulatory plan will be submitted next week, see you at 0.15.

Posted by kenul80 > 2021-04-21 21:49 | Report Abuse

Reference is made to the earlier announcements in relation to the Proposed Private Placement dated 14 April 2021 and 15 April 2021.



On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 21 April 2021, approved the listing and quotation of up to 167,157,000 Placement Shares to be issued pursuant to the Proposed Private Placement.



The approval by Bursa Securities for the above is subject to the following conditions:-



(i) Barakah and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;



(ii) Barakah and Mercury Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement;



(iii) Barakah is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and



(iv) Mercury Securities is required to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement.



This announcement is dated 21 April 2021.

Posted by kenul80 > 2021-04-21 22:02 | Report Abuse

PP mean not open for Public is it? Anyone can explain also how it can affected current shareholders?

Posted by kabukiman > 2021-04-22 08:47 | Report Abuse

@kenul80: barakah go around town selling the block of placement share. Company will meet with prospective buyers like JK22, HrryPttr or anaktodak and present the case why these prospective buyers should take up the placement block of shares.

impact to current shareholders: dilution.
capital base will get bigger by the amount of new shares to be issued under this placement exercise.


but consider this:
1. Dilution: what dilution you want to talk about to existing shareholders when the company is loss making? current shareholders not getting anything anyways... so why bother?

2. Dilution (sharing) of future proffits/dividend: Yes. but without the capital injection under the private placement, current shareholders is not going to get "future profits" anyways because the company is going down the longkang.

so its only fair the new shareholders share on the "future profits".

Posted by kenul80 > 2021-04-22 08:52 | Report Abuse

Thanks @kabukiman for your clarification. At least I hv some idea what probably is going to be happen later.

Posted by HrryPttr > 2021-04-22 13:54 | Report Abuse

When tentatively Barakah will contact me?