ALCOM GROUP BERHAD

KLSE (MYR): ALCOM (2674)

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Last Price

0.71

Today's Change

+0.005 (0.71%)

Day's Change

0.705 - 0.715

Trading Volume

72,500


1 person likes this.

5,602 comment(s). Last comment by Robert Waters 2023-05-23 22:32

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-13 17:39 | Report Abuse

Alcom need cash out money to repay investor, so the share might be red for alwhile... as someone mention it will go golden parade mean goldencom

choolooi

310 posts

Posted by choolooi > 2017-09-13 22:23 | Report Abuse

Casanwk,
You guess my destination to NORTH POLE , slightly off target . It is ICELAND in January/ February. I am going to store Tesla in the Ice Hotel .

choolooi

310 posts

Posted by choolooi > 2017-09-13 22:25 | Report Abuse

Good night everyone, especially Alcomates Band of Brothers .

forgot090

997 posts

Posted by forgot090 > 2017-09-14 08:55 | Report Abuse

Gud morning to Jefflim1234 ,yuanlong57, LPTan68, kennyku, The _Reds, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates

forgot090

997 posts

Posted by forgot090 > 2017-09-14 08:56 | Report Abuse

still long to go,be patient.haha... invest for long term..And finally GOOD LUCK.



BUT today go go go GO GO GO !!!!!

chandra54

115 posts

Posted by chandra54 > 2017-09-14 10:08 | Report Abuse

real c*****I counter!

ttluck

769 posts

Posted by ttluck > 2017-09-14 10:34 | Report Abuse

got the capital repayment dy....tru cheque inside my letterbox....

The_Reds

2,025 posts

Posted by The_Reds > 2017-09-14 13:36 | Report Abuse

Every counter has its good day and bad day, patience is the key...

kennyku

494 posts

Posted by kennyku > 2017-09-14 14:27 | Report Abuse

Hey guys all..... good afternoon

forgot090

997 posts

Posted by forgot090 > 2017-09-14 14:47 | Report Abuse

ermmmm
sold out again 1.26

forgot090

997 posts

Posted by forgot090 > 2017-09-14 14:47 | Report Abuse

wakakkaakak nice

forgot090

997 posts

Posted by forgot090 > 2017-09-14 14:50 | Report Abuse

nice contra yes la bingo

forgot090

997 posts

Posted by forgot090 > 2017-09-14 14:52 | Report Abuse

wakakak Q back 1.20

forgot090

997 posts

Posted by forgot090 > 2017-09-14 14:56 | Report Abuse

alcom louzy share plss sold out ...fast

forgot090

997 posts

Posted by forgot090 > 2017-09-14 16:51 | Report Abuse

yes la besok see 1st ...

forgot090

997 posts

Posted by forgot090 > 2017-09-14 16:52 | Report Abuse

drop i buy up also nvm ha ha

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-14 19:30 | Report Abuse

Drunker forgotten

forgot090

997 posts

Posted by forgot090 > 2017-09-15 09:03 | Report Abuse

Gud morning to Jefflim1234 ,yuanlong57, LPTan68, kennyku, The _Reds, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates

Posted by shermen wenn > 2017-09-15 10:17 | Report Abuse

shit counter...

zoomsbooms

783 posts

Posted by zoomsbooms > 2017-09-15 15:02 | Report Abuse

when the counter goes down, they curse the counter loudly..whenever it goes up the, they praise themselves and never say a thanks

whatever is it, i find that alcom acting quite weird lately..and maybe continue to moving sideways..it's advisable that short term trader don't try to punt this stock. it will punish you to despair.

mudah288

34 posts

Posted by mudah288 > 2017-09-15 17:39 | Report Abuse

39.676m(29.5357%) shares traded off market at $1.12

gcke

1,359 posts

Posted by gcke > 2017-09-16 14:48 | Report Abuse

Just basing on the Technical Price Charts for some guidance on the trend and move momentum for the stock:

1.The resistance(floor price reached on 29 May 17) at 1.18 was breached during the trading day on 6Sept 17 before it recovered strongly the following day.The price is now hovering between the narrow range of +-1-4 cents and is presently now at 1.25.
2.The MACD(Blue Line) line is trending above the Signal Line(Red line) on the MACD chart showing some price support momentum for the stock.
3.The RSI reading is at 52.7180 on the neutral zone.And the %K line is trending above the %D(Signal Line ) on the stochastic chart(14,14,3,3).
4.The MA10 line is still trending below the MA20 line and last few trading days the stock's price candlesticks were moving and trending sideways.Caught in the period of consolidation mode.

Outcome: There were some positive indicators from the Technical Price Charts and some nibbling and punting on the stocks but unfortunately market sentiments were not so strong during last 1-2 weeks trading period.Hopefully the trading volumes for the stock can crank up to reverse the price trend.The Technical Price Charts can help to guide the investors in making investing decisions- To Buy,To Sell or To Hold.

Just to share and all the best.Do have a restful weekend break.:-)))

Posted by Jefflim1234 > 2017-09-18 07:55 | Report Abuse

Gud morning to yuanlong57, LPTan68, kennyku, The _Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates
Gud luck n happy investing

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-18 07:59 | Report Abuse

buy senergy. potential tp2.00 coming

Posted by Ricky Lim Wei Yan > 2017-09-18 19:16 | Report Abuse

wah,boss tukar orang lagi

Tripaka

2,966 posts

Posted by Tripaka > 2017-09-19 08:26 | Report Abuse

Kian joo boss yeoh sold half of his shareholding.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-19 08:44 | Report Abuse

to buy OnG counter

Posted by Jefflim1234 > 2017-09-19 08:54 | Report Abuse

Gud morning to yuanlong57, LPTan68, kennyku, The _Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates
Gud luck n happy investing

kennyku

494 posts

Posted by kennyku > 2017-09-19 09:21 | Report Abuse

Good morning to jefflim,lptan,yuanlong,the red,forgot090,zoombooms......

carilembu

1,252 posts

Posted by carilembu > 2017-09-19 09:57 | Report Abuse

This place like WhatsApp group; you good morning me and I good morning you, everyday!

carilembu

1,252 posts

Posted by carilembu > 2017-09-19 10:07 | Report Abuse

Yeoh JH , group MD, had sold off more than half his stake in Alcom to us and hardcore Alcomites. He is now waiting at the gate of Golden Palace of Kian Joo to feast and thank Alcomites .

hoheho

57 posts

Posted by hoheho > 2017-09-19 10:09 | Report Abuse

mercury securities RNAV is RM 1.96 / share.

The_Reds

2,025 posts

Posted by The_Reds > 2017-09-19 13:37 | Report Abuse

Is it explained why the price was pressed till so low???

tattvooi

142 posts

Posted by tattvooi > 2017-09-19 14:21 | Report Abuse

who is the new boss now?!what is his/its background?!

ttluck

769 posts

Posted by ttluck > 2017-09-19 14:56 | Report Abuse

Scenic....Datuk Lim Chee Koon....hopefully after Yeoh not much control in alcom....can shoot up again....

forgot090

997 posts

Posted by forgot090 > 2017-09-19 16:24 | Report Abuse

Q 1.20 MACTH FILLED...

forgot090

997 posts

Posted by forgot090 > 2017-09-19 16:25 | Report Abuse

tommmoooorrrrooooowwwww sure go go go go go GO GO GO GOGO

Posted by MohdKhidir Gazali > 2017-09-19 19:43 | Report Abuse

its on the news today.
http://www.thestar.com.my/business/business-news/2017/09/19/kian-joos-yeoh-sells-most-of-alcom-shares-a-year-after-takeover-bid/

KUALA LUMPUR: Kian Joo Can Factory Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

group managing director Yeoh Jin Hoe has sold more than half of his controlling stake in Aluminium Co of Malaysia Bhd (Alcom) a year after he acquired these shares through direct negotiation and a mandatory takeover offer.

In a filing with Bursa Malaysia, the aluminium sheet and foil products maker said Yeoh, 70, who held the Alcom shares through 99%-owned Towerpack Sdn Bhd, disposed of a 30% stake in Alcom or 39.68 million Alcom shares to SCLand Holdings Bhd.

SCLand is owned, among others, by former executive chairman and co-founder of timber product maker Classic Scenic Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, Datuk Lim Chee Khoon.

Following the disposal of the shares, which have a market value of RM48.8mil based on Monday’s closing price, Yeoh is left with 38.64 million shares, or 29.22% of Alcom’s issued capital (excluding treasury shares).

Alcom shares ended trading at RM1.23 on Monday. down 2 sen. Based on the price of 61 sen per share Yeoh had acquired his stake, he would have gained RM24.6mil if he had sold them at Monday’s closing price.

Alcom share price has climbed a whopping 86% year-to-date (its last traded price last year was 66.2 sen).

Towerpack acquired 78.23 million shares in Alcom, representing 59.16% equity interest, in August last year for RM47.72mil or only 61 sen apiece.

This led to a mandatory takeover offer in October for the rest of the shares at that price.

Mercury Securities, as independent adviser, urged minority shareholders to reject the offer, which it deemed not fair and not reasonable. It calculated the revalued net asset value per Alcom share (excluding treasury shares as at Oct 10, 2016) to be RM1.96.

The takeover bid received poor response, with Yeoh managing to raise his stake up to 59.22% or 78.31 million shares.

Yeoh was appointed executive director of Alcom on Sept 30, 2016.

The_Reds

2,025 posts

Posted by The_Reds > 2017-09-19 19:57 | Report Abuse

So Alcom is on track to become 2nd Cscenic??? A company with high dividend yield but slow price movement???

kennyku

494 posts

Posted by kennyku > 2017-09-20 09:47 | Report Abuse

Drop and drop and drop....

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-22 07:49 | Report Abuse

Good morning. Happy awal muharram day. How alcom now? Lol

gcke

1,359 posts

Posted by gcke > 2017-09-24 14:16 | Report Abuse

Think with the latest corporate development in Alcom with the emergence of new substantial shareholders- SC Land Sdn. Bhd and RDS Bina Sdn. Bhd. something positive will emerge from this counter after things have settled down.
2.SC Land is owned by Dato' CK Lim and he has proven his corporate mettle and mark with Classic Scenic Bhd.
3.Likewise for RDS Bina Sdn. Bhd. a low profile and very successful construction group and property development company helmed by four enterprising and dynamic directors.
4.Both these two groups would not have bought into Alcom Bhd. unless there is value-added return to them in their big purchase from Towerpack Sdn. Bhd.Otherwise why throwing in good money in such joint purchase by them.
5.Normally with the entry of new substantial shareholders something will be in the offing! Be patient:-)))

Outcome: Something positive will emerge out of this development.

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-24 17:07 | Report Abuse

i guess all already go away. usually have good morning2 everyday. feel funny

The_Reds

2,025 posts

Posted by The_Reds > 2017-09-24 20:07 | Report Abuse

I'm still here but it's quite depressing looking at the chart now. On a 2nd thought, if Yeoh bought the shares at 61 cent 1 year ago and sold 50% at rm1.12 now, it means the new substantial holders must be confident that the price will go higher in the future. Patience is still the key, just hold it if u can

The_Reds

2,025 posts

Posted by The_Reds > 2017-09-24 20:09 | Report Abuse

Thanks gcke for giving us the pessimism. I'm kind of missing the positive talk from Jefflim, yuanlong and LPTan. Hope u all are doing well

meistsk3134

2,368 posts

Posted by meistsk3134 > 2017-09-24 20:42 | Report Abuse

hope u know there lot gamble compare investor.

Posted by tingangap1 > 2017-09-24 20:58 | Report Abuse

No worry. I still hold thight. What mean by transfer ar? Lot of transfer aktivities.

Tlpang68

51 posts

Posted by Tlpang68 > 2017-09-24 21:10 | Report Abuse

The _reds 您好,alcom 我还是持有他,就把他当做放在银行定期,我可以放上5年银行才可以给回我这样的回馈。。现在alcom 就好比给了我5年的利息。。。哈哈哈哈哈

Tlpang68

51 posts

Posted by Tlpang68 > 2017-09-24 21:15 | Report Abuse

reds 不只是alcom 才,还有很多好股,比如krono, aemulus, liihen, mmsv ,hsseb, ocnash , penta, pmetal.. 哈哈祝好运

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