This counter never disappoint me, I been monitoring this counter closely. This is once of the life time to catch it really cheap. Miss the boat, miss the fortune
whom bought 11.5 already make day trade profit ____________________________ people buy 11.5 bcoz they believe it can go further up, same with when armada 20c to 30c, people buy at 30c now earn big profit at 53c
must understand stock potential and study the momentum 20/11/2019 11:36 AM
In page 8 of quarterly result, The auditors' report on the financial statements of the Company and its subsidiaries for the financial year ended 31 December 2018 were not qualified.to continue as a going concern. The auditors' opinion is not modified in respect of this matter..
"not qualified.to continue as a going concern" means "the entity cannot remain in business for the foreseeable future"? Anyone have idea on it?
From DR Google: qualified opinion is a reflection of the auditor's inability to give an unqualified, or clean, audit opinion. An unqualified opinion is issued if the financial statements are presumed to be free from material misstatements.
Tht was when Alam 's project in hand was not sufficient to generate revenues. Tdy, Alam has secured sufficient ctrs fr 2019 till 2021. Therefore, revenue has increased fr the last 3Qs, fm 27m to current 114m. Even the bottom line has returned to black. In addition, the business model has partially changed fm totally dependent on low margin OSV. Wr can expect more ctrs with higher margin to come in before 2Q of 2020.
Posted by Michael Kwok > Oct 13, 2019 11:52 PM | Report Abuse X
I may say it may made a small profit for the 3rd quarter 0-5 million due to an even smaller impairment charge and above 10 million profit for last quarter.Its won't sell all the ship and made big impairment.If there continue to get projects before the 4 th quarter then(let say 200-300 millions then) next year(year 2020) first quarter will be starting from 15 millions and above.
Posted by Michael Kwok > Oct 27, 2019 6:57 PM | Report Abuse X
There resistance of 15-16 cents.So maybe before end of the year may test 15-16 cents.usually market maker know 3-6 months in advance.Do you think 3-6 month Alam in trouble?I will say no.U all.Below 15-16 cents is Alam in trouble.So....
read the 3rd & last paragraph : ) _______________________ Stock: [ALAM]: ALAM MARITIM RESOURCES BHD Oct 19, 2019 12:19 AM | Report Abuse
this type of stock you just need to buy and hold it.. current TA no momentum as many dont see of its turnaround point compare to armada (eventhough armada gearing is far higher)
based on work order and company asset exercise (disposal and upgrade), Q1FY20 confirm will turn to profit while Q3 and Q4 will continue loss as informed
but with the increase in revenue for next 2 qtrs, it might surprise us with profit, we never know
its a very low risk to accumulate at this price but higher risk to buy later (when TA buy call).... imagine one good news out, for 9c stock, it so easy to up 30% in a day trade
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....
acmilan2005
469 posts
Posted by acmilan2005 > 2019-11-20 16:09 | Report Abuse
The show begins.......