Could somebody explain? The last time I saw.. Alam was RM1.56 .. today I see it about half the price.. whats happening? Is there some bonus issue or share split? It was just few months ago...lol
march, Alam is officially game over in de mid term due to funds selling! However, u may come back & visit Alam when international crude oil prices fall to USD60 per barrel!
Today is exactly the pattern one year ago. On 13/11/13, Alam dropped RM0.09 to RM1.40 with huge volume of 29.4M done. Today 13/11/14, Alam dropped RM0.08 to RM0.825 with huge volume of 30.2M done.
On 14/11/13 ie the next day, Alam went up by RM0.05 and formed a Doji and continue to went up. Therefore, if tomorrow Alam shows a bullish reversal pattern just like one year ago, Quek and the big boys will be the ones who be smiling and gaining big. How about you?
If need to put a value for Alam - I will put value at 40 - 50 sen As Its a very diluted counter with no real detail or clue of whether their business is in fact sustainable or just for show only - creative accounting
On and off Alam may suddenly report losses of few hundred million - so call "kitchen sinking" exercises. Those of u who know accounting and alam will know what I mean
Savvy investors Tan Sri Quek Leng Chan and his associate, Paul Poh, are buying a 15.53% stake in Alam Maritim Resources Bhd at RM1.35 per share, Quek’s vehicle, Associated Land Sdn Bhd, will be buying 60 million new Alam Maritim shares for RM81mil, while Poh’s Caprice Capital Intl Ltd will take up 63 million shares worth RM85.05mil.
Be patience, Buy on dip! It current NTA is 0.87, well below 0.825 price. Debt/cash ratio = 0.89, cash flow RM318M. With current Q2'14 net profit result of RM21.4M, within <3years all its debts is clear. Current price below is intrinstic value. For oil service provider, this is super cheap & undervalued, forward PE < 8.0 for now. Unless this co is so bad, going bankrap soon, otherwise then it's a different story. Other than that, I dont know why people so freak up. Dont let big fund cheat you, panic selling & give fund mgr eat your hard-earned money.
I think as long as oil is still falling, the mood is still bearish. kelvin-ik4u, thanks for pointing out the pe ratio, if below 8 is super cheap for oil and gas.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
getrich
645 posts
Posted by getrich > 2014-11-13 16:53 | Report Abuse
close at 83 ??