Posted by Pandu1 > 2024-07-19 17:29 | Report Abuse

7036 BORNOIL BORNEO OIL BHD
MULTIPLE PROPOSALS
MULTIPLE PROPOSALS
BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY")I. PROPOSED BONUS ISSUE OF
WARRANTS;II. PROPOSED TERMINATION OF EXISTING ESOS; ANDIII.
PROPOSED NEW ESOS(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

19/07/2024 05:01 PM


Ref Code: 202407193000059
Sorry. Its Bornoil

Posted by Pandu1 > 2024-07-19 17:29 | Report Abuse

Just proposal.

Posted by Pandu1 > 2024-07-19 17:32 | Report Abuse

Robert Waters
Issuance of free warrants and right shares to retain old investors.
Thats proposal Bornoil n not AM.
Robert Waters mentioned d free warrants n i corrected him. Now i also got confused.

Posted by zenbeginner > 2024-07-20 10:22 | Report Abuse

Pandu1, have not heard any projects won also...


Pandu1

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

18 hours ago

Posted by Robert Waters > 2024-07-20 15:06 | Report Abuse

So, the bottom line is:
1. Alam Maritim is NOT issuing any warrants. Borneo Oil is.
2. There is NO new contract or project for AM.
3. Creditor meeting is scheduled. If 25% of creditors do not agree to 'haircut of the debt' the company will be wound up and shares become worthless. Creditors will divide assets of the company between themselves.

Posted by khoomingjau > 2024-07-20 17:49 | Report Abuse

Runrunrun

Posted by rageagainstmachine > 2024-07-22 10:01 | Report Abuse

Reference is made to the Company’s announcements dated 4 January 2023.


The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") (“Board”) wishes to announce that the MOU dated 22 December 2022 entered between the Company, SAFEEN Survey and Subsea Services and MCS Group has been mutually terminated with effect from 2 May 2023.


The termination of the MOU is not expected to have any material effects on the issued share capital and substantial shareholders’ shareholdings of the Company, as well as the net assets, gearing, earnings and earnings per share of the Company.


The announcement is dated 3 May 2023.

Posted by Pandu1 > 2024-07-23 10:01 | Report Abuse

1 min ago Trading View still recommended buy.

Posted by Pandu1 > 2024-07-23 10:01 | Report Abuse

Pivot Classic Fibonacci Camarilla Woodie DM
S3 0.028 0.033 0.039 0.028 —
S2 0.033 0.035 0.039 0.031 —
S1 0.037 0.036 0.040 0.033 0.038
P 0.038 0.038 0.038 0.036 0.039
R1 0.042 0.040 0.040 0.038 0.043
R2 0.043 0.041 0.041 0.041 —
R3 0.048 0.043 0.041 0.043

Posted by Pandu1 > 2024-07-23 10:03 | Report Abuse

https://www.tradingview.com/ideas/movingaverage/

Posted by Pandu1 > 2024-07-23 10:08 | Report Abuse

MYR) MAR 2024 Y/Y CHANGE
Revenue
63.89M
71.39%
Operating expense
-1.82M
-117.46%
Net income
18.51M
260.95%
Net profit margin
28.98
193.91%
Earnings per share
— —
EBITDA
8.42M
205.08%
Effective tax rate
20.93% —

Posted by Pandu1 > 2024-07-23 10:09 | Report Abuse

☝️from google finance

Posted by Pandu1 > 2024-07-23 10:11 | Report Abuse

MYR) MAR 2024 Y/Y CHANGE
Cash and short-term investments
42.27M
-2.22%
Total assets
182.65M
-5.31%
Total liabilities
218.04M
-18.69%
Total equity
-35.39M —
Shares outstanding
1.53B —
Price to book
-2.00 —
Return on assets
8.86% —
Return on capital
31.30% —
- Google Finance

Posted by Pandu1 > 2024-07-23 10:12 | Report Abuse

MYR) MAR 2024 Y/Y CHANGE
Net income
18.51M
260.95%
Cash from operations
14.42M
202.83%
Cash from investing
10.26M
424.11%
Cash from financing
-28.29M
-3,698.85%
Net change in cash
-3.61M
68.04%
Free cash flow
-2.59M
67.24%
- Google Finance

Posted by Pandu1 > 2024-07-23 10:15 | Report Abuse

https://themalaysianreserve.com/

Posted by Pandu1 > 2024-07-24 09:58 | Report Abuse

Good morning. Today tradingview still recommended a strong buy. Many bought @ 4 sen. Tayor.

Posted by liyam > 2024-07-24 12:28 | Report Abuse

dont believe all these non sense people, 5 days continuously positive closing with volume, surely something brewing.....

Posted by axe123 > 2024-07-24 13:13 | Report Abuse

2 weeks order no match fk this shit

Posted by axe123 > 2024-07-24 13:14 | Report Abuse

cb alam

Posted by Robert Waters > 2024-07-25 08:29 | Report Abuse

5 days of trading at ONE AND THE SAME price. There is only one type of buying that goes like this. Seems to me that left pocket is selling to the right one, with zero effect. Those who get drawn in will pay dearly.
Court approved meeting is one step before the wind up in case even minority creditors vote against, of even do not show up at the meeting.

Posted by zenbeginner > 2024-07-25 09:48 | Report Abuse

Not doing a good job there trapping people....not sure many went in...but volume × 😁😅stock price, tells me these are kuchi money to make

Posted by bullrun168 > 2024-07-25 13:20 | Report Abuse

PROPOSED SCHEME OF ARRANGEMENT
KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-567-10/2023
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3462292

The Board of Directors of AMRB wishes to announce that both AMRB and AMSB will convene meetings of scheme creditors pursuant to the Orders of the High Court dated 25 October 2023 (“CCM”) to be held virtually at the broadcast venue of Boardroom, 38F, Level 3, Jalan Radin Anum, Bandar Baru Sri Petaling, 57000 Kuala Lumpur on Friday as follows:
I) For AMRB Scheme Creditors at 10.00am on Friday, 26 July 2024, or at any adjournment thereof; and
II) For AMSB Scheme Creditors at 11.30am on Friday, 26 July 2024, or at any adjournment thereof.

Tommorrow 26-7-2024 got a meeting, if the outcome is good then means can solved the creditors problem and exit PN17 !
Based on the keep on buying up the 4 cents recently, means insiders already know the superb good news,
So, once the good news is announced, then Alam's share price will be limit up to closed above 60 cents !

Heng ah, Ong ah, Huat ah !

Posted by johnlee123 > 2024-07-25 23:00 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/7433681

Posted by naramsin > 2024-07-26 08:50 | Report Abuse

Assuming there is a good news outcome from the meeting today, i.e. debtors agree to haircut etc, what's a pessimistic and real target price?

Posted by bullrun168 > 2024-07-26 09:10 | Report Abuse

Walaoeh, market just opened only, keeping swallowing up all the 4 cents, now 4 cents just left around 25 millions shares only...
And Alam right now ranked number 5 on the most active listing !

Heng ah, Ong ah, Huat ah !

Posted by MamakKutty > 2024-07-26 09:42 | Report Abuse

Hopefully i can get back in at 0.035. The 0.03 i bought earlier all sold at 0.04.

Posted by bullrun168 > 2024-07-26 10:46 | Report Abuse

Yes, all the 4 cents was swallow finished within a seconds and now Alam was traded at 4.5 cents !
Heng ah, Ong ah, Huat ah !

Posted by axe123 > 2024-07-26 10:56 | Report Abuse

wow so much volume!

Posted by axe123 > 2024-07-26 11:57 | Report Abuse

does that mean the court thing went well?

Posted by Pandu1 > 2024-07-26 12:04 | Report Abuse

MamakKutty. Same with me. Ill wait 3 or 3.5 sen.

Posted by Pandu1 > 2024-07-26 12:06 | Report Abuse

I told u all b4. Due to pressure i sold all @3.5 sen yesterday. Today tradingview recommended sell.

Posted by Pandu1 > 2024-07-26 12:10 | Report Abuse

No Alam d 10th most active.

Posted by rageagainstmachine > 2024-07-26 14:34 | Report Abuse

Reference is made to the announcement dated 21 May 2021, 19 November 2021, 17 February 2022, 11 January 2023, 10 April 2023, 25 October 2023, 24 January 2024, 29 April 2024 and 5 July 2024 in relation to the scheme of arrangement proceedings filed by both AMRB and Alam Maritim (M) Sdn Bhd (“AMSB”).

The Board of Directors of AMRB wishes to announce the following:

1. On 22 July 2024, AMRB had filed an application pursuant to section 368 of the Companies Act 2016 for an extension of the Restraining Order dated 29 April 2024 (“AMRB’s Restraining Order”) until 31 December 2024. This was after AMRB had secured substantial value in support by its scheme creditors for the extension application.

2. On 25 July 2024, the Kuala Lumpur High Court allowed AMRB’s application to extend AMRB’s Restraining Order until 31 December 2024, whereby all current and further

proceedings in any legal actions or proceedings against AMRB and/or the assets of AMRB be restrained and stayed except by leave of Court, until 31 December 2024.

3. In so far as AMSB is concerned, AMSB had previously obtained a restraining order on 25 November 2023 (“AMSB’s Restraining Order”) and the Kuala Lumpur High Court had on 23 January 2024 allowed an extension of the said restraining order for a period of 9 months from 25 January 2024. AMSB’s Restraining Order continue to be in effect until 25 October 2024.

4. Both AMRB and AMSB’s Restraining Orders are necessary to preserve the status quo and to restrain further legal proceedings pending AMRB and AMSB’s Court Convened Meetings which are scheduled to be held on 26 July 2024.

5. Both orders are not envisaged to have any material financial and operational impact to AMRB and AMSB.

AMRB will make the necessary announcement on further material development of the above matter in due course.

This announcement is dated 25 July 2024.

Posted by MamakKutty > 2024-07-26 16:05 | Report Abuse

Bagus

Posted by liyam > 2024-07-26 17:53 | Report Abuse

Creditors meeting very successful outcome, majority creditors approved(more than 75%). Next week will fly............

Posted by liyam > 2024-07-26 19:56 | Report Abuse

Of course, people will take profits when the price up next week................

Posted by jemi2020 > 2024-07-26 21:47 | Report Abuse

The latest today announcement the company have plan to propose capital reduction. What happen to share price after this plan and WHEN it will execute? Whether in this year or next year? Thank you

Posted by Robert Waters > 2024-07-26 22:54 | Report Abuse

I had a glance at the regularisation plan. New shares are issued to creditors at 0.028 MYR (before consolidation for ease). So based on my judgement those who paid 3 are screwed. There is a warrant though, so you may make some money on it in case price goes up.

Posted by jemi2020 > 2024-07-26 22:55 | Report Abuse

Thank you Mr. Robert for explaination

Posted by Hew Kiong Peng George > 2024-07-26 23:03 | Report Abuse

Good news, alam on track to recovery...

Posted by m16454 > 2024-07-26 23:06 | Report Abuse

Up or down before and after consolidation??make a guess

Posted by Hew Kiong Peng George > 2024-07-27 07:06 | Report Abuse

I believe after this round of regulation plan, alam become a clean company with no more accumulated lose n free of debts..with the current osv chartered rate, It will grow stronger..

Posted by bullrun168 > 2024-07-27 09:51 | Report Abuse

Superb good news !
"After Alam already successfully making two consecutives profitable QRs, it plans to apply to the Bursa to exit PN17" !
Quote from today's Sin Chew Jit Poh(27-7-2024)

Heng ah, Ong ah, Huat ah !

Posted by liyam > 2024-07-27 10:09 | Report Abuse

I believe this company will grow after completion of this regularisation plan. Otherwise creditors wont approved this regularisation plan.

Posted by jemi2020 > 2024-07-27 11:25 | Report Abuse

If we look an example of airasia X which consolidated it share 10:1 on feb 2022, the price will goes up before and after excise this plan. I still believe in this com cause by it doing quite good revenue every year and paying the Income TAX.

Posted by jemi2020 > 2024-07-27 11:35 | Report Abuse

This plan is included to sell a new share to bank to şet off the debt. ALSO sell a large sum share to new Datuk which com expert in stock subsea services (50% contributed to revenue). It might like a white knight to recover Alam. It just my 5 cent opinion. Thank

Posted by liyam > 2024-07-27 11:35 | Report Abuse

I agreed with you, jemi.

Posted by liyam > 2024-07-27 12:05 | Report Abuse

From the regularisation plan announced and the big transaction volume and also technically on the uptrend mode, I believed price will be likely going up further next week.

Posted by Pandu1 > 2024-07-27 14:27 | Report Abuse

https://www.tradingview.com/ideas/movingaverage/

Posted by Pandu1 > 2024-07-27 14:28 | Report Abuse

Robert Waters. Where got free warrants?