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

1 week ago

Pandu1

Pls read d above in google. Tayor

1 week ago

bullrun168

Pandu1, Alam got announce want to give free warrants meh?
When is the news ? Today ?

1 week ago

Pandu1

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

1 week ago

Pandu1

Just proposal.

1 week ago

Pandu1

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.

1 week ago

zenbeginner

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

6 days ago

Robert Waters

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.

6 days ago

khoomingjau

Runrunrun

6 days ago

rageagainstmachine

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.

4 days ago

Pandu1

1 min ago Trading View still recommended buy.

3 days ago

Pandu1

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

3 days ago

Pandu1

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

3 days ago

Pandu1

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% —

3 days ago

Pandu1

☝️from google finance

3 days ago

Pandu1

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

3 days ago

Pandu1

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

3 days ago

Pandu1

https://themalaysianreserve.com/

3 days ago

Pandu1

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

2 days ago

liyam

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

2 days ago

axe123

2 weeks order no match fk this shit

2 days ago

axe123

cb alam

2 days ago

Robert Waters

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

zenbeginner

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

1 day ago

bullrun168

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 !

1 day ago

Robert Waters

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

johnlee123

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

1 day ago

naramsin

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

bullrun168

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 !

23 hours ago

MamakKutty

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

23 hours ago

bullrun168

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 !

22 hours ago

axe123

wow so much volume!

22 hours ago

Robert Waters

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.

21 hours ago

axe123

does that mean the court thing went well?

21 hours ago

Pandu1

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

20 hours ago

Pandu1

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

20 hours ago

Pandu1

No Alam d 10th most active.

20 hours ago

Robert Waters

Court meetings have finished before lunch. There is still heavy buying orders. My guess is that meeting was positive. Anyone wants to confirm ?

18 hours ago

rageagainstmachine

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.

18 hours ago

MamakKutty

Bagus

16 hours ago

liyam

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

15 hours ago

Robert Waters

SELL the news.

13 hours ago

liyam

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

13 hours ago

jemi2020

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

11 hours ago

Robert Waters

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.

10 hours ago

jemi2020

Thank you Mr. Robert for explaination

10 hours ago

Hew Kiong Peng George

Good news, alam on track to recovery...

10 hours ago

m16454

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

9 hours ago

Robert Waters

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.

9 hours ago

Hew Kiong Peng George

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..

1 hour ago