Posted by Pandu1 > 2024-07-29 15:24 | Report Abuse

When touched 4.5 sen many sold @ 4 sen.

Posted by Pandu1 > 2024-07-29 15:26 | Report Abuse

I sold all @ 3.5sen. If theres future im willing to buy back @ d same price. Just pay the brokerage fee.

Posted by Pandu1 > 2024-07-29 15:31 | Report Abuse

KUALA LUMPUR (July 26): Practice Note 17 (PN17) company Alam Maritim Resources Bhd (KL:ALAM) has announced its regularisation plan, which includes a share capital reduction of RM440 million, 10-to-one share consolidation, an issuance of renounceable rights shares with warrants and a scheme of arrangement with its creditors.

In a filing with Bursa Malaysia on Friday, the integrated marine oil and gas services company said the credit arising from the share capital reduction will be used to set off the company's accumulated losses amounting to RM489.81 million as at March 31, 2024.

Alam Maritim is also proposing to consolidate every 10 shares into one share. The company, with an issued share capital of 1.53 billion shares as at June 30, 2024, will see this reduced to 153.18 million shares after the proposed reduction.
in the group's audited accounts for the financial period from Jan 1, 2021 to June 30, 2022 in October 2022.

Shares in Alam Maritim closed up 0.5 sen or 14.29% to four sen on Friday, giving the group a market capitalisation of RM61.27 million. Its share price has risen 33.33% so far this year.

Read also:
Alam Maritim classified as PN17 company after auditor expressed disclaimer of opinion in accounts
Alam Maritim submits regularisation plan to exit PN17 status
By Kang Siew Li / theedgemalaysia.com
26 Jul 2024, 08:26 pm

Posted by Pandu1 > 2024-07-29 16:56 | Report Abuse

Robert Waters. Thank you Mr Robert. My sincere advise to you is whenever you write a comment @ any company, please quote the source. Eg The Edge etc. Please dont leave the forum. Many here need your view Sir. May god bless you.

Posted by jemi2020 > 2024-07-29 19:04 | Report Abuse

Don’t leave mr. robert. I also need your view this company

Posted by Pandu1 > 2024-07-30 09:03 | Report Abuse

A very good morning all. What do you think of AMRB after the consolidate of shares and issuance of renounceable rights shares with warrants. At what price we should buy. Tq.

Posted by Pandu1 > 2024-07-30 09:08 | Report Abuse

Now 163mill bid @ 3.5 sen n 37.6mill ask @ 4 sen.

Posted by Pandu1 > 2024-07-30 09:09 | Report Abuse

Last done @ 4 sen.

Posted by Pandu1 > 2024-07-30 09:09 | Report Abuse

148,000 only.

Posted by Robert Waters > 2024-07-31 11:24 | Report Abuse

Just a comment on today's action as the stock returns to reality. I put transactions in a spreadsheet when BIG SALE occured. I sorted them by size. Turns out there were only 700k orders of 100k or less. 35 million was in big orders of 500k. So it should tell you that there was not much investor buying. Big boys sorted it between themselves.

Time Price Amount
10:53:03 0.035 3,500,000
10:53:03 0.035 2,000,000
10:53:05 0.035 1,783,500
10:53:10 0.035 1,500,000
10:53:09 0.035 1,500,000
10:53:08 0.035 1,500,000
10:53:08 0.035 1,208,000
10:53:06 0.035 1,187,500
10:53:06 0.035 1,050,000
10:53:06 0.035 1,020,000
10:53:08 0.035 1,000,000
10:53:08 0.035 1,000,000
10:53:06 0.035 1,000,000
10:53:06 0.035 515,300
10:53:14 0.035 500,000
10:53:14 0.035 500,000
10:53:12 0.035 500,000
10:53:11 0.035 500,000
10:53:11 0.035 500,000
10:53:11 0.035 500,000
10:53:10 0.035 500,000
10:53:10 0.035 500,000
10:53:10 0.035 500,000
10:53:09 0.035 500,000
10:53:09 0.035 500,000
10:53:09 0.035 500,000
10:53:09 0.035 500,000
10:53:09 0.035 500,000
10:53:08 0.035 500,000
10:53:08 0.035 500,000
10:53:08 0.035 500,000
10:53:08 0.035 500,000
10:53:07 0.035 500,000
10:53:07 0.035 500,000
10:53:07 0.035 500,000
10:53:07 0.035 500,000
10:53:07 0.035 500,000
10:52:59 0.035 500,000
10:52:53 0.035 500,000
10:52:49 0.035 500,000
10:52:44 0.035 500,000
10:52:40 0.035 500,000
10:52:36 0.035 500,000
10:10:34 0.035 500,000
10:53:04 0.035 490,000
10:53:14 0.035 280,200
10:53:05 0.035 250,000
10:21:05 0.035 250,000
10:53:04 0.035 210,000
10:53:06 0.035 140,500
10:53:06 0.035 100,500
10:38:29 0.035 100,000
10:53:05 0.035 83,000
10:53:04 0.035 81,000
10:53:12 0.035 50,000
10:53:12 0.035 50,000
10:53:12 0.035 50,000
10:53:12 0.035 50,000
10:53:12 0.035 50,000
10:53:12 0.035 50,000
10:53:12 0.035 50,000
10:53:11 0.035 50,000
10:53:06 0.035 47,500
10:53:09 0.035 29,500
10:53:06 0.035 15,000
10:53:05 0.035 13,500
10:53:05 0.035 13,500
10:29:43 0.035 10,000
10:53:05 0.035 2,000
10:53:06 0.035 200

Posted by MamakKutty > 2024-07-31 11:27 | Report Abuse

rawButtwaters

Posted by axe123 > 2024-07-31 11:58 | Report Abuse

managed to sell everything at 4 cents and finally out of this dogwater stock

Posted by Pandu1 > 2024-08-01 13:57 | Report Abuse

Even i sold @ 3.5 sen im still satisfied. Ran for my life.

Posted by axe123 > 2024-08-01 17:01 | Report Abuse

wait till next year july again for it to go 4 cents back lmfao

Posted by axe123 > 2024-08-01 17:02 | Report Abuse

thats the pattern you can see for yourself in the charts this stock only reaches 4 cents every july

Posted by jemi2020 > 2024-08-04 12:12 | Report Abuse

Rest for a while…. Relax

Posted by axe123 > 2024-08-04 19:02 | Report Abuse

nah just wait till next year july to see 4 cents back

Posted by mf > 2024-08-04 20:39 | Report Abuse

The US, UK and France are among several countries urging their citizens to leave Lebanon as heightened tensions in the region spark fears of a widening Middle East conflict

Posted by zenbeginner > 2024-08-05 00:51 | Report Abuse

Oh no, that's it? Show over?

Posted by mf > 2024-08-05 03:46 | Report Abuse

TEL AVIV — Israel is bracing for a potential multiday attack by Iran and its ally Hezbollah following the assassination of two senior militant leaders last week, an Israeli official told NBC News.

The official said Israel fears waves of missiles and drones could be fired over several days in response to the killing of Hamas political leader Ismail Haniyeh and Hezbollah commander Fuad Shukr.

“They’ll just try to wear us out,” the official said.

Posted by axe123 > 2024-08-07 10:57 | Report Abuse

yep the show only appears every year july
this stock is higly manipulated so dont be jumping in the bandwagon it leads to nowhere

Posted by Pandu1 > 2024-08-07 22:19 | Report Abuse

No confident even to buy back @ 3 sen. U c what happened to Xox. The different is Alam is making profit n Xox not.

Posted by zenbeginner > 2024-08-09 06:40 | Report Abuse

Robert, care to explain further

Robert Waters

Well, about 1/3 of shares is owned by one director through SAR ventures. Not sure if that is the Syndicate controlling the price (spike in July), but I think they support the price to guarantee plan to issue right shares and warrants is viable.

1 day ago

Posted by koyokui > 2024-08-19 22:31 | Report Abuse

Buy alam out of pn17. Insya allah

Posted by bullrun168 > 2024-08-20 05:50 | Report Abuse

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN
ALAM MARITIM RESOURCES BERHAD
Announcement details

Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: ALAM MARITIM RESOURCES BERHAD ("AMRB" OR THE "COMPANY")
PROPOSED REGULARISATION

Reference is made to the earlier announcement dated 26 July 2024 in relation to the Proposed Regularisation Plan (“Requisite Announcement”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Requisite Announcement.
 
On behalf of the Board of Directors of AMRB, Interpac wishes to announce that the application in relation to the Proposed Regularisation Plan had been submitted to Bursa Securities on 16 August 2024.
 
This announcement is dated 19 August 2024.

Date Announced: 19-8-2024

Posted by bullrun168 > 2024-08-20 08:15 | Report Abuse

The application in relation to the Proposed Regularisation Plan had been submitted to Bursa Securities…

Now is waiting for Bursa to announce Alam exit from PN17 !

Once exit from PN17, Alam shares price at least will spike up to break
above 80 cents !

Heng ah, Ong ah, Huat ah !

Posted by zenbeginner > 2024-08-20 14:00 | Report Abuse

Bullrun168, don't bullsh*t ppl lah...haha

Posted by koyokui > 2024-08-29 18:00 | Report Abuse

Buy quaterly profit. Out of pn17. Insya allah

Posted by zenbeginner > 2024-08-29 19:55 | Report Abuse

Koyokui, what's yr TP? Tanya seronok...haha

Posted by jemi2020 > 2024-08-29 21:28 | Report Abuse

Full year profit 36M. Hopefully, get out PN17 in this year. Share price will going up…

Posted by jemi2020 > 2024-09-08 20:14 | Report Abuse

Do not have any info abt this share now?

Posted by bullrun168 > 2 months ago | Report Abuse

Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.

Posted by zenbeginner > 2 months ago | Report Abuse

Hmmm...what is happening? So big volume today?

Posted by bullrun168 > 2 months ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !

Posted by koyokui > 1 month ago | Report Abuse

Buy might out of pn17 insya allah

Posted by jemi2020 > 1 month ago | Report Abuse

Absolutely going out pn17. See the 2024 annual report

Posted by zenbeginner > 1 month ago | Report Abuse

Going out of pn17, matter of when, and whether any price upwards 😅

Posted by koyokui > 1 month ago | Report Abuse

Buy oil up 4 percent

Posted by goodgain > 3 weeks ago | Report Abuse

Sleeping counter til mid next year?

Posted by Robert Waters > 3 weeks ago | Report Abuse

Yes, traditionally, this company makes a small gain of about 1 sen (MYR 0.01) once a year on the rumour that something may happen. And when nothing much happens, it goes back to the range. I am glad I exited. But will consider jumping in again, in the spring of 2025.

Posted by liyam > 3 weeks ago | Report Abuse

Nice qtrs results, tmr see how.

Posted by koyokui > 3 weeks ago | Report Abuse

Buy qr big profit. Exit pn17 insya allah

Posted by Robert Waters > 3 weeks ago | Report Abuse

Good financial report. However, Alam price is driven by the distress situation, not earnings. The disclaimer of opinion is still there on page 8/16. No chance to get out of PN17. I do NOT expect much of upward movement in price tomorrow.
_____________________________________________________________
AUDITORS' REPORT ON PRECEDING ANNUAL FINANCIAL STATEMENTS
TheGroupandtheCompanyhavenotappliedinadvancethefollowingaccountingstandard(s)and/orinterpretation(s)(includingtheconsequentialamendments,ifany)thathavebeenissuedbytheMalaysianAccountingStandardsBoard(“MASB”)butarenotyeteffectiveforthecurrentfinancialyear:-
TheauditorsdidnotexpressanopiniononthefinancialstatementsoftheGroupandoftheCompanyforthefinancialyearended30June2024.BecauseofthesignificanceofthemattersdescribedintheBasisforDisclaimerofOpinionsectionofthereport,theauditorshavenotbeenabletoobtainsufficientappropriate audit evidence to provide basis for an audit opinion on the financial statements.

Posted by Robert Waters > 3 weeks ago | Report Abuse

To be fair, the company promissed to address the issue with the auditors in a statement made 3 days ago. It is important, so I provide it.
_____________________________________

ALAM MARITIM RESOURCES BHD ("ALAM" OR THE "COMPANY") DISCLAIMER OF OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 3O JUNE 2024
Reference is made to the announcement dated 30 October 2024 and 21 November 2024 in relation to the scheme of arrangement proceedings filed by both AMRB and Alam Maritim (M) Sdn Bhd (“AMSB”).

Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of ALAM wishes to further announce that the Company has initiated steps to improve its record-keeping processes and is currently working to resolve this issue by providing the information and documents that are required by the external auditors in order to enable the external auditors to satisfy themselves on the truth and fairness of the financial statements prepared by the directors.

Posted by goodgain > 3 weeks ago | Report Abuse

I wonder why they didn’t asked for extension period for submitting the annual report/audited account instead of submitting those on time with qualified opinion from the external auditor.

Posted by goodgain > 3 weeks ago | Report Abuse

They are doing special audit which is expected to complete in December 2024. Will bursa consider the upliftment once the report is ready and all accounting compliance are meet, or bursa will wait for another round of quarterly announcement by end of February?

Posted by bullrun168 > 3 weeks ago | Report Abuse

Wow, Superb good news for Alam !
Finally, the 3rd QR just released yesterday !
Alam's revenue increased from to 134,154,000(Previous QR) to 194,223,000 (+60,069,000) (+44.8 %)
it's Profit/(loss) for the period was increased from 4,855,000(Previous QR) to 10,740,000(+5,885,000) (+121.2 %)

Well done Alam !

Posted by bullrun168 > 3 weeks ago | Report Abuse

Alam was making six consecutives quarter profits since 31-8-2023
1)31-8-2023 QR for 30Jun2023(2ndQR2023) Positive QR Profits of +17.5 million ringgit
2)30-11-2023 QR for 30Sep2023(3rdQR2023) Positive QR Profits of +2.7 million ringgit
3)28-2-2024 QR for 31Dec2023(4thQR2023) Positive QR Profits of +2.6 million ringgit
4)31-5-2024 QR for 31Mar2024(1stQR2024) Positive QR Profits of +18.5 million ringgit
5)29-8-2024 QR for 30Jun2024(2ndQR2024) Positive QR Profits of +4.9 million ringgit
6)28-11-2024 QR for 30Sep2024(3rdQR2024) Positive QR Profits of +10.7 million ringgit

Well done Alam & Keep it up your good job !

Posted by liyam > 3 weeks ago | Report Abuse

High chances to get out of PN17,look at the 6 consecutive qtrs profit. Just a matter of time.

Posted by Robert Waters > 3 weeks ago | Report Abuse

There is NO chance to get out of PN17. They must first implement a Regularisation Plan which involves rights isses, EGM, courts to approve, etc. And only AFTER implemented, 2 Quarter Profits. This will be YEARS! And as you see up, reports are not certified by auditors, so cannot be considered for anything.