ALAM MARITIM RESOURCES BHD

KLSE (MYR): ALAM (5115)

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Last Price

0.03

Today's Change

0.00 (0.00%)

Day's Change

0.03 - 0.03

Trading Volume

1,710,600

Changes
Ann. Date Date Type Name Title View
Discussions
44 people like this. Showing 50 of 15,017 comments

axe123

any updates on this stock?

1 week ago

axe123

price seems to be always at 3 cents
compared to last time which was 2-2.5 cents

1 week ago

axe123

i just need it to go to 4 so i can get the f out i went in on 3.5 how about you?

1 week ago

Robert Waters

We may both get lucky. I paid 3.0 a year ago (in September, after earnings) and averaged down at 2.5.
May start selling at 3...
Why not ?

1 week ago

axe123

well if you do sell at 3 theres no profit why not grab abit when you decide to exit? aint know way im getting out without a tiny bit of profit

1 week ago

jemi2020

Can buy this counter if you have holding power. I stuck at this counter at 0.08 cents for three years. Still patient waiting the price going up..

1 week ago

bullrun168

Walaoeh, what happend ?
Super damn hot man Alam today !
Now Alam was traded at @0.035 (+0.01) (+40 %)

Heng ah, Ong ah, Huat ah !

1 week ago

axe123

COME ON 4 CENTS

1 week ago

axe123

mr robert whats your tp here?

1 week ago

bullrun168

My t.p is 20 cents !

Heng ah, Ong ah, Huat ah !

1 week ago

bullrun168

Wow, Amazing !
Now Hublinie was traded at @0.075 (+0.035) (+87.5 %)

Heng ah, Ong ah, Huat ah !

1 week ago

Hew Kiong Peng George

Tp 10sen in 6 months

1 week ago

zenbeginner

bullrun168
My t.p is 20 cents !
Heng ah, Ong ah, Huat ah !
———————————————
I want some of what you are smoking……LoL

1 week ago

bullrun168

Wow, oil price was spike up like mad !
Brent closed at=>
$81.63 +$2.01 +2.52 %

Like that today Alam will be limit up already to closed at =>
0.335 (+0.30) (+857.1 %) !

Heng ah, Ong ah, Huat ah !

1 week ago

Pandu1

Today tradingview recommended a buy on this stock. Ive been keeping it for sometime without price movement. Recently @ d co published it net profit of Rm23.9 million, the price started to move. I bought more @ 3 sen to average up the price to 3.1 sen. Now @ 3.5 sen im having paper profit of 11.82%. To my opinion after keeping it for so long, y not keep it until i can reap a good profit. Just my 2 sen idea.

1 week ago

Robert Waters

Looks like buying has finished for now. And that is surely strange, following a recommendation.
It would indicate that people at tradeview, or someone with knowledge of BUY-guidance before publication front-run the stock to sell it to public at handsome profit.

1 week ago

axe123

why wouldnt this stock just blowup already haiya already 1 year stagnant at same price cb

1 week ago

Pandu1

axe123. Recently @ d co published it net profit of Rm23.9 million (from 2 million loss) the price n vol started to move. Further more SC has granted them 5 more months to submit regularisation plan to exit from Pn17.

1 week ago

Robert Waters

That means that price will not go up substantially for 5 months. Alam management will take 5 months to prepare a plan. Submission to the Security Commission or Bursa will be the first good news of the regularisation process for us to experience and get some buying from the public.
Need patience and holding power till the end of October.

1 week ago

Pandu1

This is penny stock All. From early this year AM has been hovering frm 3.5 sen to 2 sen. Now its back to 3.5 sen, meaning n increase of 75%. If it breached the 4 sen barrier meaning 100% increase. If we x 1000 times we can further visualise d price movement is great. i.e from Rm2 to Rm3.5 n Rm4. From Rm200,000 to Rm350,000 n Rm400,000. Thats alot of money All.

1 week ago

Pandu1

Since its a penny stock it will take time to reach the peak. When more people will come in to buy. Phaps the foreigners.

1 week ago

Pandu1

Now the vol is only 4.5mil. Just wait for all The Big Short to come in when the vol will shoot between 10 to 20 mil.

1 week ago

Pandu1

My target is 4 sen n above. Tayor.

1 week ago

Pandu1

axe123. Recently @ d co published it net profit of Rm23.9 million (from 2 million loss) the price n vol started to move. Further more SC has granted them 5 more months to submit regularisation plan to exit from Pn17.
The Company has 5 months to submit the regularisation plan to the regulatory authorities for approval.
This announcement is dated 4 June 2024.


1 week ago

Robert Waters

Hi Pandu. I calculated time when this company will leave PN17. If all goes well, in early 2027. Here is my reasoning.
____________________________
Long Way to Financial Recovery (PN17 Process)

Bursa Malaysia has a special process for companies in distress called PN17 status. It stands for Practice Note 17/2005. Any PN17 company that triggered PN17 criteria must:

1. Regularize its condition within 12 months.
2. Submit a regularization plan.
3. Implement the plan.

The contents of the regularisation plan need to address the triggering conditions. Typical exercises performed to regularize the conditions are:

• 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)

The time required to achieve uplift from PN17 status is difficult to estimate as any part of the process may take longer than planned. The minimum length to complete the key steps on the road to normality is shown below:

• Approval of the Regularisation Plan by Bursa 3 months
• EGM Approval of the Plan by shareholders 3 months
• Implementation of the Plan 12 months
• 2 positive quarters AFTER the Plan implementation 6 months
• Application and uplift of the PN17 status 3 months

GRAND TOTAL …………… 27 MONTHS

So, if everything plays out right, investors will be reaping handsome profits in 27 months, or about 2 years from the time that the Plan is submitted. Not exactly very soon. And that is, if everything goes well.

1 week ago

bullrun168

Alam’s Road Map to exit from PN17
——————————————————-
Jun 2014 => 5 more months to submit regularisation plan.
July 2014 => 4 more months to submit regularisation plan.
Aug 2014 => 3 more months to submit regularisation plan.
On 31-8-2024=> 3rd QR 2024 released (Positive QR)
Sep 2014 => 2 more months to submit regularisation plan.
Oct 2014 => 1 more months to submit regularisation plan.

I strongly believe that Alam will be lifted from PN17 anytime from now…
The latest date the official announcement by the management to submit regularisation plan might be after the superb profitable of 3rd QR which will be released on 31-8-2024 and the management might be as late as early or middle of October announced Alam will submit it’s regularisation plan to SC !

On that time once Alam announced this superb good news, Alam’s share price definitely will be immediately shooting up like rocket to at least break above 20 cents !

Heng ah, Ong ah, Huat ah !

1 week ago

axe123

why need 27 months? wont a stock simply start to sky rocket asap when it comes out of pn 17 due to undervalue?

1 week ago

Robert Waters

The company must prepare a plan and the plan has to be executed, then 2 periods of positive earnings achieved AFTER the implementation of the plan. That takes time.
Earnings have not much to do with the MUGG - Material Uncertanity as Going Concern expressed by the auditors.
Plan has to address the MUGG's. It is MUGGs, not the earnings that trigger PN17.

1 week ago

Pandu1

Robert Waters👍👍👍👍. Ill sell @3.5sen lh to reap some profit. In order to sell @ 3.5sen, d price sb bid 3.5 n ask 4sen.

1 week ago

Pandu1

bullrun168. Another alternative to sell @ 3.5sen is to monitor the next few Fin Reports. If +, ill keep until i had enough to let go the shares. Cos i love to keep tight good performing companies.

1 week ago

Pandu1

bullrun168. Aiyoo 20sen wo. 567% profit wo.

1 week ago

Pandu1

From 3 sen to 20 sen wo. From rm300,000 to rm2million wo.

1 week ago

Pandu1

Can buy a sport car wo

1 week ago

Pandu1

Heng ah, Ong ah, Huat ah !

1 week ago

Pandu1

Now Trading View still recommend Buy!

1 week ago

axe123

hopefully tmrow brings good news!

3 days ago

Robert Waters

We just had earnings that were good.
Price is up, substantially over a week, too.
Regularisation plan delayed till October.

What other positive news you expect ?

2 days ago

axe123

4 cents hahaha

2 days ago

Pandu1

bullrun168. 3rd 1/4 as 31/3 released. Waiting for 30/6 fin year.

2 days ago

Pandu1

23.9 mill profit.

2 days ago

Pandu1

1st quarter fin year 2025 will b 30/9/24

2 days ago

bullrun168

Pandu1, don't worry, 30/6 fin year definitely will be another superb profitable QR and then immediately announce exit PN17 and it's share price limit up once the announcement been make !

Heng ah, Ong ah, Huat ah !

2 days ago

Pandu1

bullrun168. 💪💪💪💪💪💪💪💪💪💪💪💪💪💪💪💪💪💪

2 days ago

Pandu1

Heng ah, Ong ah, Huat ah !

2 days ago

Pandu1

bullrun168. Bcos of 1 person who hve been telling bad @ this company, i feel like selling @ 0.035 lah.

2 days ago

Pandu1

What do u think Mr Bullrun?

2 days ago

Pandu1

I hope next fin report with higher profit lo.

2 days ago

Pandu1

Today tradingview still recommended a buy wo.

2 days ago

Pandu1

Todays vol only 30k. Nobody wanna sell/ buy @ 3sen/3.5sen respectively. The strength is there right?

2 days ago

bullrun168

Pandu1, for my point of view, i look Alam's future is so bright, u can see yourself the continuos every quarter QR with superb profitable result !

So, i will keep on sailang at current lower price of @0.035 and keep it till announce exit PN17 only consider to sell it...
And the condition to sell it all is it's price must break above @0.20 !

Heng ah, Ong ah, Huat ah !

2 days ago

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