ALAM MARITIM RESOURCES BHD
KLSE (MYR): ALAM (5115)
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Last Price
0.04
Today's Change
+0.005 (14.29%)
Day's Change
0.035 - 0.045
Trading Volume
46,015,600
Financial
Financial Year 2020
| Financial Year | Annual Audited Account | Annual Report | View | |
|---|---|---|---|---|
| Ann. Date | Ann. Date |
Discussions
44 people like this. Showing 50 of 15,136 comments
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
4 days ago
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
4 days ago
Good morning. Today tradingview still recommended a strong buy. Many bought @ 4 sen. Tayor.
3 days ago
dont believe all these non sense people, 5 days continuously positive closing with volume, surely something brewing.....
3 days ago
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.
2 days ago
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
2 days ago
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 !
2 days ago
Tomorrow is the court meeting.
If successful, Alam needs to start paying the debts. If not, it will be shut down.
No relation with the PN17 whatsover. PN17 is handled by Bursa.
So for sure there will be NOTHING about uplift of PN17 status.
1 day ago
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?
1 day ago
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 !
1 day ago
Hopefully i can get back in at 0.035. The 0.03 i bought earlier all sold at 0.04.
1 day ago
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 !
1 day ago
Wow, Alam traded at 0.045! Total of 500 shares, or 0.00% of the volume.
Price is up +005, or 0.005/0.04 = 12.5% already today, and it is not even noon.
1 day ago
I told u all b4. Due to pressure i sold all @3.5 sen yesterday. Today tradingview recommended sell.
1 day ago
Court meetings have finished before lunch. There is still heavy buying orders. My guess is that meeting was positive. Anyone wants to confirm ?
1 day ago
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.
1 day ago
Creditors meeting very successful outcome, majority creditors approved(more than 75%). Next week will fly............
1 day ago
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
23 hours ago
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.
22 hours ago
I do not think it is very good news. Free warrants are at 3 sen each. If you paid 3.5 sen, you will lose. Plan was prepared when stock was below 3 sens.
Also, capital reduction sends a clear message that company is worth less and there should be no expectation to regain it by write-back of impairments.
Those who paid less than 3 sens - congratulations. You do OK.
Seems that the price run up was by insiders who knew Plan was coming and were buying dilligently. Unfortunately, this shows that management is corrupt, because they allowed for this to happen.
22 hours ago
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..
14 hours ago
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 !
11 hours ago
I believe this company will grow after completion of this regularisation plan. Otherwise creditors wont approved this regularisation plan.
11 hours ago
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.
10 hours ago
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
10 hours ago
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.
9 hours ago
As at closed, there were 151,834,900 buyers @ 3.5 sen n 20,651,900 sellers @ 4 sen. Buyers were > sellers. Indicating its going down. Logically, if the price up by 25 sen from 20 sen thats mean 125% gain wo. How to go up some more wo.
7 hours ago
I do not see much good in the news.
Alam Maritim will NOT apply to exit the PN17 status. They just anounced a Regularisation Plan that will take years to implement. They will pursue the Plan.
The people who are going to pay the cost of regularisation are the shareholders. They will buy rights shares. Money from sales will go to the creditors.
Right shares to be issued are 1.2 sen each, so that is the price of the shares that is going to be the benchmark. People will sell them for at least 1.5 sen and make a profit. Creditors will get shares at RM0.0287, so they can sell at 3 sens and make a profit. That will be difficult as they will compete with RM0.012 right shares of investors.
1 hour ago
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