Recently alots of O&G company received contract and share price jump on next day. From the street news i received, ALAM will receive a contract from Petronas. I start buying ALAM, waiting the announcement.
Alam have turned to BNM for debt restructuring together with Perdana.. different is perdana has turn black but alam still need time... mgmt said in 2020... but compare to perdana, alam has lower debt.
I think they can perform UWILD for their vessel to get the class license and to get on hire by the client. and don't forget that ALAM had the 5years PAN Malaysia contract in hand for subsea services
Three tranches of loan notes $50 m, $50 m, $ 60 m respectively bearing 1% interest to issue to ACPAM. ACPAM has the Option to convert them to mother shares.. Pls do not spread own judgement, study its latest Proposal Carefully
--------------------------------------------- SuperPanda Its time to go in now and keep for 1 year till end year, easily hits 15c back.. thats already 50% return 19/01/2019 05:14
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....
Shinnzaii
3,114 posts
Posted by Shinnzaii > 2019-02-12 09:20 | Report Abuse
Where is alam power?LOL