ALAM MARITIM RESOURCES BHD
KLSE (MYR): ALAM (5115)
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Last Price
0.035
Today's Change
+0.005 (16.67%)
Day's Change
0.03 - 0.035
Trading Volume
682,800
Overview
Market Cap
54 Million
NOSH
1,532 Million
Avg Volume (4 weeks)
4,424,933
4 Weeks Range
0.025 - 0.035
4 Weeks Price Volatility (%)
100.00%
52 Weeks Range
0.02 - 0.04
52 Weeks Price Volatility (%)
75.00%
Previous Close
0.03
Open
0.035
Bid
0.03 x 172,487,300
Ask
0.035 x 31,077,800
Day's Range
0.03 - 0.035
Trading Volume
682,800
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#3] | 31-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 30-Aug-2024
T4Q P/E | EY
1.20 | 83.60%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
-0.02 | 0.00
T4Q NP Margin | ROE
11.87% | 0.00%
News and Blogs
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Alam Maritim Resources Bhd is a Malaysia-based investment holding company. It operates through two business segments: Offshore support vessels and services, and Subsea services. Its Offshore support vessels and services segment is engaged in providing vessels for charter hire; assisting seismic operators in seismic survey related activities; transportation of crew and supplies; towing and mooring of rigs offshore; anchor-handling services and other support. Its Sub-sea services segment is engaged in providing offshore facilities construction and installation services, such as marine construction related services; sub-sea engineering services and offshore pipeline construction-related services, and designing, manufacturing and operating of remotely operated vehicles.
Discussions
44 people like this. Showing 50 of 15,041 comments
Alam’s Road Map to exit from PN17
——————————————————-
Jun 2014 => 5 more months to submit regularisation plan.
July 2014 => 4 more months to submit regularisation plan.
Aug 2014 => 3 more months to submit regularisation plan.
On 31-8-2024=> 3rd QR 2024 released (Positive QR)
Sep 2014 => 2 more months to submit regularisation plan.
Oct 2014 => 1 more months to submit regularisation plan.
I strongly believe that Alam will be lifted from PN17 anytime from now…
The latest date the official announcement by the management to submit regularisation plan might be after the superb profitable of 3rd QR which will be released on 31-8-2024 and the management might be as late as early or middle of October announced Alam will submit it’s regularisation plan to SC !
On that time once Alam announced this superb good news, Alam’s share price definitely will be immediately shooting up like rocket to at least break above 20 cents !
Heng ah, Ong ah, Huat ah !
2 weeks ago
why need 27 months? wont a stock simply start to sky rocket asap when it comes out of pn 17 due to undervalue?
2 weeks ago
The company must prepare a plan and the plan has to be executed, then 2 periods of positive earnings achieved AFTER the implementation of the plan. That takes time.
Earnings have not much to do with the MUGG - Material Uncertanity as Going Concern expressed by the auditors.
Plan has to address the MUGG's. It is MUGGs, not the earnings that trigger PN17.
2 weeks ago
Robert Waters👍👍👍👍. Ill sell @3.5sen lh to reap some profit. In order to sell @ 3.5sen, d price sb bid 3.5 n ask 4sen.
2 weeks ago
bullrun168. Another alternative to sell @ 3.5sen is to monitor the next few Fin Reports. If +, ill keep until i had enough to let go the shares. Cos i love to keep tight good performing companies.
2 weeks ago
We just had earnings that were good.
Price is up, substantially over a week, too.
Regularisation plan delayed till October.
What other positive news you expect ?
1 week ago
Pandu1, don't worry, 30/6 fin year definitely will be another superb profitable QR and then immediately announce exit PN17 and it's share price limit up once the announcement been make !
Heng ah, Ong ah, Huat ah !
1 week ago
bullrun168. Bcos of 1 person who hve been telling bad @ this company, i feel like selling @ 0.035 lah.
1 week ago
Todays vol only 30k. Nobody wanna sell/ buy @ 3sen/3.5sen respectively. The strength is there right?
1 week ago
Pandu1, for my point of view, i look Alam's future is so bright, u can see yourself the continuos every quarter QR with superb profitable result !
So, i will keep on sailang at current lower price of @0.035 and keep it till announce exit PN17 only consider to sell it...
And the condition to sell it all is it's price must break above @0.20 !
Heng ah, Ong ah, Huat ah !
1 week ago
Sell vessels....hmm...how many vessels? Thought previously they had such plqn already selling older vessels...ah, can't recall properly
5 days ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !
5 days ago
Hmm..why so active....what to take of this development? Last commenter seems to indicate warning and previously an article about Alam being ICU patient....and others so happy and hopeful that it will rocket to 20cts.....hahaha..
5 days ago
Formulating a regularisation plan → selling asset → reduce debt → show some profits → exit PN17 ;o)
5 days ago
Yeah, good explanation, Mamakutty, but why now active as this plan requires time for submission and execution.....
5 days ago
I guess change from left to right hand only, as tenth of million shares not the ordinary retail investor able to eat.
5 days ago
Pls read the latest fin report. Made Rm24mill profit wo. Next quarter will profit wo. Can exit pn17 not Ph aa.
4 days ago
Future quarters will reap > profit wo. Thats y bullrun168 said will fly to 20sen wo. Now everybody can fly like Aasia wo.
4 days ago
Pls read the latest fin report lo. Profit of 23.9 mill wo. Next 1/4 profit sure get out of Pn 17 lo. Thats y bullrun 168 said can reach 20sen lo. Today i want to sell @ 3.5sen lo but Trading view recommend strong buy wo. X jdi jual wo. Wait 6 sen wo. 100% profit wo.
4 days ago
Last 6 month Vol was above 20mil wo. It touched 25mil last 15 days. Now again exceeded 20 mil wo.
4 days ago
Sept23 vol exceeded 50 million. D price was 3.5 sen wo. Wait another 50 mill sure exceeded 4 sen wo.
4 days ago
There is no buying by investors, only a proprietary trader bid blocking. Look at 165 mln buys by means of 338 orders here. It is all 500k buy orders (165 mln / 338 buys) that the trader entered by means of a margin account. Margin account does not charge interest until transaction, so not even a ringitt spent to create illusion of buy demand.
2 days ago
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Robert Waters
Hi Pandu. I calculated time when this company will leave PN17. If all goes well, in early 2027. Here is my reasoning.
____________________________
Long Way to Financial Recovery (PN17 Process)
Bursa Malaysia has a special process for companies in distress called PN17 status. It stands for Practice Note 17/2005. Any PN17 company that triggered PN17 criteria must:
1. Regularize its condition within 12 months.
2. Submit a regularization plan.
3. Implement the plan.
The contents of the regularisation plan need to address the triggering conditions. Typical exercises performed to regularize the conditions are:
• Settlement of debts with creditors
• Reduction of capital to cancel accumulated losses
• Onboarding of new investors (white knights) via issuance of new shares
• Sale of assets
• Issuance of free warrants and right shares to retain old investors
• Establishment of an Employees Share Scheme (ESS)
The time required to achieve uplift from PN17 status is difficult to estimate as any part of the process may take longer than planned. The minimum length to complete the key steps on the road to normality is shown below:
• Approval of the Regularisation Plan by Bursa 3 months
• EGM Approval of the Plan by shareholders 3 months
• Implementation of the Plan 12 months
• 2 positive quarters AFTER the Plan implementation 6 months
• Application and uplift of the PN17 status 3 months
GRAND TOTAL …………… 27 MONTHS
So, if everything plays out right, investors will be reaping handsome profits in 27 months, or about 2 years from the time that the Plan is submitted. Not exactly very soon. And that is, if everything goes well.
2 weeks ago