Stay calm folks ! whole market is down, KLCI down 35 pts (2%) attributed to trade war fears bet China & US. i think this is just excuse for big boys to trigger panic and squeeze the margin a/c players. Normally, calm will be restored soon..
ALCOM is on firm,solid ground, no reason to abandon , unless you are on margin pressure. In fact, only 74,800 shares done of which 35,000 at rock bottom 70 sen, yes curi ayam kakis smiling happily today...
Focus on the business and you will regain confidence that ALCOM's future is bright, the demand for coated finstock for air-cond is escalating and a new source of property revenue is being charted for future earnings stability, audited 2017 rpt and 1st Qtr rpt will be out soon..
Let' see if ALCOM stage a strong rebound today, in line with expected good market sentiment from Dow Jones..so far holders not keen to be aggressive, just nibble at the temp. lows..
@mrcrab and all silent ALCOM holders, welcome back, yes, all holding firm , waiting for ALCOM's news due in April / May,
i think, not small shark, but firm supporter of ALCOM's new vision and proven mgmt, maybe top up to max. in uncertain market, let's join in to help one another, to hold the fort , from curi ayam kakis,.hahaha
(small/big sharks got more ready hunting grounds elsewhere..)
Type Announcement Subject MULTIPLE PROPOSALS Description ALUMINIUM COMPANY OF MALAYSIA BERHAD ("ALCOM" OR THE "COMPANY")
(I) PROPOSED ACQUISITION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED INTERNAL REORGANISATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") The terms used herein shall have the same meaning as those defined in the announcement made on 2 January 2018 unless otherwise stated.
We refer to the announcements dated 2 January 2018, 12 January 2018, 25 January 2018, 13 February 2018 and 15 March 2018 in relation to the Proposals.
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had vide its letter dated 6 April 2018, resolved to approve the admission to the Official List and the listing and quotation of the entire issued share capital of Alcom Group Berhad (“AGB”) of up to 134,330,850 ordinary shares under the “Industrial Products” sector of the Main Market of Bursa Securities, in place of Alcom.
AGB will assume the stock code, stock short name and ISIN code of Alcom.
Bursa has approved the exchange of existing ALCOM shares to a new holding company, "ALCOM Group Berhad' (AGB) as part of mgmt internal reorganisation.
Need shareholders approval at an EGM, probably set same date as the normal AGM, date to be set soon.
At 75 sen, YTD ALCOM has declined 12% from 31/12/17 closing price of 85 sen This is much better than the FBMSCAP index which has dropped 18% in the same period.(31/12/17-16,965.46 6/4/18-13908.16). The slide is in line with market trend profit taking , esp. small cap. stks, as players took money off the table,in anticipation of uncertainty on GE14.
One reassuring sign is the very low volume accompanying ALCOM's price decline, which indicate most holders hold firm , to await expected good results to be reported soon.
In fact, the big cash payout of 52.5 sen last year, means majority of holders who bought last year, are still making money , and have confidence that ALCOM will continue to surprise on the upside this year.
So, this short window of opportunity, could be the last chance to buy on the cheap before the qtr results is out !
saw these curi ayams kakis in action at 3.54pm ? sold down 400 shares @ 78 sen ,after supporter bgt 10,000 shares at 81.5 sen earlier ,.. looks like someone not ready yet..haha
The sudden unexpected US trade sanctions on Russia's aluminium producer, United Co. Rusal, last week has lead to sudden reversal of the metal's price downtrend.
This could have affected bullish sentiments on ALCOM and resulted in temp. disruption of its price upswing last week.
ALCOM's mgmt has already forseen this issue of rising raw metal prices and have put in place productivity improvements , capacity expansion to meet increasing demand for air-cond finstock and bold strategy to diversify into niche industrial park development, to open a major second revenue stream, to leapfrog the company to a new level.
So, lets continue to hold firm, and await the latest news flow due in April/May reporting season.
The current mgmt has proven its worth /capability , to turn around a loss-making company and make a record 52.5 sen cash payout last year. expect more positive surprise, and rest assure this mgmt is fully up to the task to lead and navigate ALCOM to greater heights going forward.
dont give chance to curi ayam kakis, when sentiment is good, let them pay a fair,higher price or they a..can wait,wait.we not hard up to sell below rm1,..hahaha..!
Thanks for the updates. Rising alumina prices can be a double edged sword. Benefits the co. in the short term as the value of stock in hand goes up but down the road as the stock is replenished, cost of purchases goes up as well. Short term gain, long term pain.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bystander123
785 posts
Posted by Bystander123 > 2018-04-04 18:05 | Report Abuse
Stay calm folks ! whole market is down, KLCI down 35 pts (2%) attributed to trade war fears bet China & US. i think this is just excuse for big boys to trigger panic and squeeze the margin a/c players.
Normally, calm will be restored soon..
ALCOM is on firm,solid ground, no reason to abandon , unless you are on margin pressure.
In fact, only 74,800 shares done of which 35,000 at rock bottom 70 sen,
yes curi ayam kakis smiling happily today...