Posted by MamakKutty > 2024-07-26 16:05 | Report Abuse

Bagus

Posted by liyam > 2024-07-26 17:53 | Report Abuse

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

Posted by Robert Waters > 2024-07-26 19:34 | Report Abuse

SELL the news.

Posted by liyam > 2024-07-26 19:56 | Report Abuse

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

Posted by jemi2020 > 2024-07-26 21:47 | Report Abuse

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

Posted by Robert Waters > 2024-07-26 22:54 | Report Abuse

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.

Posted by jemi2020 > 2024-07-26 22:55 | Report Abuse

Thank you Mr. Robert for explaination

Posted by Hew Kiong Peng George > 2024-07-26 23:03 | Report Abuse

Good news, alam on track to recovery...

Posted by m16454 > 2024-07-26 23:06 | Report Abuse

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

Posted by Robert Waters > 2024-07-26 23:11 | Report Abuse

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.

Posted by Hew Kiong Peng George > 2024-07-27 07:06 | Report Abuse

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..

Posted by bullrun168 > 2024-07-27 09:51 | Report Abuse

Superb good news !
"After Alam already successfully making two consecutives profitable QRs, it plans to apply to the Bursa to exit PN17" !
Quote from today's Sin Chew Jit Poh(27-7-2024)

Heng ah, Ong ah, Huat ah !

Posted by liyam > 2024-07-27 10:09 | Report Abuse

I believe this company will grow after completion of this regularisation plan. Otherwise creditors wont approved this regularisation plan.

Posted by jemi2020 > 2024-07-27 11:25 | Report Abuse

If we look an example of airasia X which consolidated it share 10:1 on feb 2022, the price will goes up before and after excise this plan. I still believe in this com cause by it doing quite good revenue every year and paying the Income TAX.

Posted by jemi2020 > 2024-07-27 11:35 | Report Abuse

This plan is included to sell a new share to bank to şet off the debt. ALSO sell a large sum share to new Datuk which com expert in stock subsea services (50% contributed to revenue). It might like a white knight to recover Alam. It just my 5 cent opinion. Thank

Posted by liyam > 2024-07-27 11:35 | Report Abuse

I agreed with you, jemi.

Posted by liyam > 2024-07-27 12:05 | Report Abuse

From the regularisation plan announced and the big transaction volume and also technically on the uptrend mode, I believed price will be likely going up further next week.

Posted by Pandu1 > 2024-07-27 14:27 | Report Abuse

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

Posted by Pandu1 > 2024-07-27 14:28 | Report Abuse

Robert Waters. Where got free warrants?

Posted by Pandu1 > 2024-07-27 14:30 | Report Abuse

Free warrants for Bornoil. Still under proposal.

Posted by Pandu1 > 2024-07-27 14:31 | Report Abuse

Where got cap reduction?

Posted by Pandu1 > 2024-07-27 14:40 | Report Abuse

As at closed, there were 151,834,900 buyers @ 3.5 sen n 20,651,900 sellers @ 4 sen. Buyers were > sellers. Indicating its going down. Logically, if the price up by 25 sen from 20 sen thats mean 125% gain wo. How to go up some more wo.

Posted by Pandu1 > 2024-07-27 14:40 | Report Abuse

Thats to say from Rm20 up to Rm45 wo.

Posted by Pandu1 > 2024-07-27 14:41 | Report Abuse

So i sold at Rm35 wo. Hope to go back to 3 sen wo.

Posted by Robert Waters > 2024-07-27 20:12 | Report Abuse

I do not see much good in the news.
Alam Maritim will NOT apply to exit the PN17 status. They just anounced a Regularisation Plan that will take years to implement. They will pursue the Plan.
The people who are going to pay the cost of regularisation are the shareholders. They will buy rights shares. Money from sales will go to the creditors.
Right shares to be issued are 1.2 sen each, so that is the price of the shares that is going to be the benchmark. People will sell them for at least 1.5 sen and make a profit. Creditors will get shares at RM0.0287, so they can sell at 3 sens and make a profit. That will be difficult as they will compete with RM0.012 right shares of investors.

Posted by liyam > 2024-07-28 09:16 | Report Abuse

Robert, its your own thought. Your thinking proved to be wrong many times .If people believe you, they would have sold their tickets but not. Trade wisely and I always dont believe other people.

Posted by bullrun168 > 2024-07-28 09:28 | Report Abuse

liyam, Yalor, u'r right !
This Sinkalan shorter always saying what price it will be stood at lah, won't break this price lah, and will dropped till this price lah, blah blah...
And he never ever thinking of right now is the bull market and our country's economy is start booming and Alam is continuing making 3 consecutives profitable QRs and is on the way to apply to Bursa to exit PN17 !

Heng ah, Ong ah, Huat ah !

Posted by jemi2020 > 2024-07-28 09:54 | Report Abuse

We will see tomorrow how market is react?

Posted by m16454 > 2024-07-28 12:28 | Report Abuse

SELL TMR!!!!!!!!!!

Posted by Robert Waters > 2024-07-28 14:47 | Report Abuse

Alam is NOT applying to exit PN17. If they wanted just to apply to exit, they would not submit a plan that we can now discuss. They will need years to implement the Plan.
Unfortunately, there will be billion shares available for 1.2 sen to pay off creditors. That will likely ruin the price.
Tomorrow we can see 155.3 million buy @ 3.5 sen disappear. Why ?
Because the shares will be available for 1.2 sen in the future.

Posted by liyam > 2024-07-28 15:02 | Report Abuse

roberts, you are making your own assumption simply ,all are non-sense.

Posted by Robert Waters > 2024-07-28 16:08 | Report Abuse

No assumptions. Just facts from the Regularisation Plan. Just read it, then dispute. Link is on bursa site. Look for section 5.1, page 11, top paragraph. Here is the extract about the price (AFTER consolidation 10:1):
'Entitled Shareholders on an entitlement date to be determined for the Proposed Rights Issue with Warrants (“Rights Issue Entitlement Date”) at an issue price of RM0.12 per Rights Share and 1 Rights Warrant for every 4 Rights Shares subscribed.'

So, price is RM0.12/10 = RM0.012 sen. 10 is the factor of consolidation.

Posted by liyam > 2024-07-28 17:08 | Report Abuse

Rm0.12 is the right issue price as stated at page 11,whereas consolidated shares price is Rm 0.35 (before consolidation is 0.035) as stated in page 9.For example ,if you hold 1000 lots at Rm 0.035,then you only get 100 lots at Rm 0.35.

Posted by liyam > 2024-07-28 17:15 | Report Abuse

Please dont confuse people with your false interpretation, robert.

Posted by jemi2020 > 2024-07-28 17:27 | Report Abuse

You are right liyam. The shareholder will entitled 0.12 new price which discounted 50% price.

Posted by liyam > 2024-07-28 17:36 | Report Abuse

Yes, correct. In addition, the proposed right issue with warrants will be subscribed fully by undertaking of major company shareholders.

Posted by liyam > 2024-07-28 19:15 | Report Abuse

Robert, beware of your comments, people are watching you.

Posted by m16454 > 2024-07-28 19:40 | Report Abuse

What Robert explained is correct. He trying to say that the RI price is 0.12 which is lower than 0.35.

Posted by liyam > 2024-07-28 19:47 | Report Abuse

You see properly his comments,m16454. Dont simply comment.He put Rm 0.12 divide 10 though, which is not right.

Posted by liyam > 2024-07-28 19:50 | Report Abuse

It very clear what he said in his comments which is untrue statement.m16454 you also trying to manipulate the share price by putting selling call. You beware also your statements.

Posted by m16454 > 2024-07-28 19:54 | Report Abuse

Liyam u r too extreme. RI price is 0.12 after consolidation. Whats wrong with you?

Posted by liyam > 2024-07-28 19:56 | Report Abuse

Dont ever try to twist the fact ya. I saw your previous comments on 26/3/2024 at 16:01 that you put the statement that alam confirmed to be delisted after 15/4/24.People are watching you.

Posted by m16454 > 2024-07-28 19:59 | Report Abuse

Haha lets see tomorrow.......

Posted by liyam > 2024-07-28 20:01 | Report Abuse

m16454,dont ever put untrue statement simply.SC will investigate you if they found your statements, better delete your comments.

Posted by m16454 > 2024-07-28 20:20 | Report Abuse

Liyam please dont simply comment and act like u r cold eyed. We just telling u the fact that RI price is 0.12 then u bla bla bla talk coocckkk. Are you holding many shares or you trying to manipulate the share price? Iiiddddiiioootttt

Posted by m16454 > 2024-07-28 20:21 | Report Abuse

I will report to SC about your comments of telling sth is incorrect to the others. U this fcckkkk idddiiioottt

Posted by m16454 > 2024-07-28 20:29 | Report Abuse

Stock: [SUMATEC]: SUMATEC RESOURCES BHD

2018-02-27 19:57 | Report Abuse

tomolo sumatec turn to fly.


Dont simply spread news. Sumatec delisted after your comment. fly to where fly to your buttockkk la hahahah

Posted by liyam > 2024-07-28 20:40 | Report Abuse

this is not my comment ya. I will not spread untrue statements. Dont simply say things.

Posted by liyam > 2024-07-28 20:50 | Report Abuse

I am not scared of you la, I do nothing wrong.

Posted by liyam > 2024-07-28 20:51 | Report Abuse

All your comments and roberts comments I already keep.hahaha....