Hmm..why so active....what to take of this development? Last commenter seems to indicate warning and previously an article about Alam being ICU patient....and others so happy and hopeful that it will rocket to 20cts.....hahaha..
Pls read the latest fin report lo. Profit of 23.9 mill wo. Next 1/4 profit sure get out of Pn 17 lo. Thats y bullrun 168 said can reach 20sen lo. Today i want to sell @ 3.5sen lo but Trading view recommend strong buy wo. X jdi jual wo. Wait 6 sen wo. 100% profit wo.
Walaoeh, oil price spike up crazily ! Brent closed at=> $86.60 +1.60 +1.88 % Like that today Alam going to limit up already liao lah ! Heng ah, Ong ah, Huat ah !
Well, demand was low too in previous quarter before latest positive quarter results were out. So, can’t conclude that it’s because insiders know something about earnings that’s why demand low. Must be something else……
As i told b4, AM will reach 4 sen. As per Mib, the Ask vol @ 4 sen is 53 mln n Bid @3.5 sen is 107 mln. Vol is 21 mln. Trade summary wt 3.7mln bid @ 4sen, 13.7mln @3.5sen. Ask 3.7mln. tayor
Earnings are NOT a factor for company in distress about to be delisted from bursa. They need any of below to prevent it: • Settlement of debts with creditors • Reduction of capital to cancel accumulated losses • Onboarding of new investors (white knights) via issuance of new shares • Sale of assets • Issuance of free warrants and right shares to retain old investors • Establishment of an Employees Share Scheme (ESS)
I feel sorry for this company. As I recall, there was no announcement from them securing new project in year 2023. And we are in the 3rd quarter of 2024, there is still no announcement of new major project secured. To deduce, no new project means no new big income. No big income means no big profit. Sure, they are recording profits in the recent three quarters but they, like other companies, have huge debts as well. In conclusion, with no major projects secured plus having huge debts around is just a recipe for disaster. Just my 1 cent….
And i strongly believe that Creditor meeting on 26th July 2024 will be a positive developments which is a good path for Alam to exit from PN17 and start from today strong buying power of 4 cents seems already shows that a lot of the inisiders already knowing Alam's strong financial position that's why they all sailang now all their belongings till underwear to buy-in Alam's shares !
Alam Maritim forms consortium to explore upstream O&G and subsea opportunities in Malaysia and Southeast Asia By Izzul Ikram / theedgemarkets.com 04 Jan 2023, 06:49 pm Updated - 07:55 pm
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....
Pandu1
1,080 posts
Posted by Pandu1 > 2024-06-22 15:14 | Report Abuse
Up 6sen already 100% ma