Oil price one day sure go up again. If u can hold, most probably u can gain from investment. Is u sell now....confirm loss. Alam below $0.70 can consider cheap....don't forget HL boss bought at $1.35 last year. Half price.....50% discount.
Caprice Capital International Ltd and Poh Yang Hong is collecting...they can wait because they have the money and time. so why so panic and sell to them such a low price ?
When US$ is up to RM3.70, meaning that local oil price is getting more expensive in term of Malaysian Ringgit. So oil price is actually up and not down. Petronas need to pump more oil to support local demand. there will be more work for local oil and gas company.
Even with the Crude oil price drop, there is still a lot of work for Alam. Alam will remain profitable for the next few years and the NTA will continue going up.
Do not sell just because oil proce drop and buy when oil price is up the next day. Just buy and keep for long term as the company is doing well and cash rich after injection from HL boss last year when he bought at RM1.35
SO many stupic and coward selling at $0.68 ? They push the price down so that they could accumulate more at cheaper price. Yet so many cheated by them.
When all those cannot hold sold their shares......and those no plan to sell will not sell. Then ALAM can fly high. SO please together hold tight tight.
Growth in U.S. output, currently rising by 1.2 million barrels day, will slow by the end of this year to 500,000-700,000 barrels a day, Ed Morse, Citigroup Inc.’s head of commodities research, said at the conference. The slower rate of increase in U.S. production could last for a decade, Morse said.
No matter Oil price up or down, Alam still need to provide services to Petronas. With contract more than 1 billions. Should have no problem getting profit next 2 years. Half price compare to HL boss buying at $1.35 So why selll when u have already hold for so long ?
Got good support even with oil price drop. Investors slowly accumulating as top 30 shareholders is holding more than 75% of total shares after HL boss acquire at RM1.35......NTA RM0.90 Caprice Capital International Ltd & Poh Yang Hong is still buying is big volume. I hope one day Alam go private at RM1.35
They are not stupid but smart.. If you want to buy more, you will push the price down. Once all those cannot hold sold all their shares. Only remaining those investors like us which plan to hold for long term. Then.......just wait for oil price to go up end of the year or maybe next year.
ALAM and Barakah is a very good company. OPEC and US pump more oil to cover for price drop and market share. PETRONAS could do the same by pumping more oil, then Alam and Barakah will have more job and revenue.
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....
fhis
1,207 posts
Posted by fhis > 2015-03-06 04:17 | Report Abuse
guess the price will be positive after the umbrella contract win. Target to be back to 0.75?? fingers crossed...