Long time didn't update Alam Maritim Resources Berhad.
Its latest action is one bonus issue share with every two existing shares which translate to 254.2 million new outstanding shares listed in bursa. Together now with total 762.7 million outstanding shares.
Its latest Jun 2010 quarter result showed revenue registered at RM 67.4 million, which is almost flat with Mar 2010 quarter result (RM 66.8 million)
The business seems yet to improve and its latest EPS is 2.2 cents, which gives PE 12.52 at current price (RM 1.10).
The price is not attractive yet, I will stay away and wait again~
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