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25,674 comment(s). Last comment by sardin81 at Aug 15, 2018 09:16 PM
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5c0160
395 posts

Posted by 5c0160 > Aug 6, 2018 11:03 PM | Report Abuse

bankrupt soon. Never go up.


Bullhunter
982 posts

Posted by Bullhunter > Aug 8, 2018 11:17 AM | Report Abuse

CIMB SECURITIES Trading ideas...

Knm Group Bhd forms bullish "Gravestone" chart pattern
Aug 06, 2018

Recognia has detected a "Gravestone (Bullish)" chart pattern formed on Knm Group Bhd (7164:MYX). This bullish signal indicates that the stock price may rise from the close of 0.190.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom. During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.


sardin81
44 posts

Posted by sardin81 > Aug 8, 2018 01:46 PM | Report Abuse

no need to see any charts if you have the holding power. Sooner or later it will go up and you wont have to worry things like 19sen, 20sen or even 50sen, it should be much much higher.

Some people say Peterborough project is fake because cant go there to see. I can see the concern here. Fortunately for us we can use google map, sattelite view to check, maybe not most up to date but once a while they do update the pictures.

Take a look at this, surely the last time I see few weeks back was not like this.

https://www.google.com/maps/place/Peterborough+Power+Station/@52.578135,-0.196893,204m/data=!3m1!1e3!4m5!3m4!1s0x4877f081960b3777:0x2191ad234ebeddae!8m2!3d52.5769664!4d-0.2038821

There is progress...

unfortunately cant use street view photo because it was taken in july 2016, but clearly there is a KNM signboard there, so ownership is for sure.


Nikmon
1125 posts

Posted by Nikmon > Aug 9, 2018 10:04 AM | Report Abuse

it is a high debt company, during good time it still can sustain, but you should start to worry if you think economy is heading down trend


ganapathy18
62 posts

Posted by ganapathy18 > Aug 9, 2018 12:00 PM | Report Abuse

During KNM AGN on 27/6/18, it was mentioned that for Peterborough project, the drawing and design has been approved and expected to commence construction in August 2018 subject to advance payment guarantee from vendor. Just wondering what is the latest status on this project .


ganapathy18
62 posts

Posted by ganapathy18 > Aug 9, 2018 12:01 PM | Report Abuse

AGM held on 27/6/18


sardin81
44 posts

Posted by sardin81 > Aug 9, 2018 07:43 PM | Report Abuse

Nikmon, actually KNM bank borrowings are not really that high, its about RM1.2 billion, even at 6% interest, one year interest is only 7.2 million, KNM has RM200 million cash in hand, even with zero income, they have no problem servicing the bank interest for the next 27 years.

Loans can always be refinanced as long as interest are not defaulted. Other receivables and payables are in favour of KNM, they have over about RM800 million receivables vs RM500 million payables, so again no issue here.

Apart from the above, do not forget KNM has very high quality Assets... BORSIG alone, if sold off.. easily RM3 billion, Peterborough if sold off also easily few billion, Bio-ethanol plant in Thailand if sold off also will come close to a billion. For the past few years, KNM has disposed most of their non-profitable units, we should not face any major losses from now onwards.

KNM now is selling around 20sen, I can understand why big players dont buy KNM shares, it is because they have policies that forbid them to buy penny stocks no matter what potential it has.

It is now a small players jackpot, All we need to do is wait for major catalyst ( which can happen anytime ), big players have no choice but to jump in. When they start to pump in money, a small percentage of their portfolio will see KNM easily hiting limit up, impossible for us to chase, so better buy some and wait.


sardin81
44 posts

Posted by sardin81 > Aug 9, 2018 07:59 PM | Report Abuse

ganapathy18, it is already confirmed that a China based company will build the peterborough plant with deferrered payment agreement. Meaning China company will finance and build and payment to them will only commenced when the plant starts operating. At KNM side, we do not have to worry about financing the project, just shake leg and wait for money.

Interesting thing about this Waste to Energy plant, by just receiving garbage... KNM already being paid money. Upon processing the garbage into energy, they get second round money, end product can still be cash generating. This is a sure profit business, that is why the normally shrewd China company is willing give this type of terms for this project.


ganapathy18
62 posts

Posted by ganapathy18 > Aug 10, 2018 09:24 AM | Report Abuse

Sardin 81, yes their debt as at end of last year is close to Rm1.2b, 6% interest on this works out to be 72m and not 7.2m. Anyway, for last year their finance cost was reported at RM47.8m, The high finance cost is one of the main reason why they are reporting a loss. For Yr 2016 they reported a loss of RM333m, for 2017 loss of Rm45m and 1st Quarter 2018 loss of Rm18.4m. If this trend continues then the present positive retained earnings will eventually get wiped off and company may go into financial trouble. I can see this company has a lot of potential for a turn around. To get the investors confidence, the company need to report a decent profit and show the profitability as a trend moving forward. On the Peterborough project, KNM need to provide update on the latest. After the AGM, I have written to KNM asking them to share the slides as shared during the AGM, but they are reluctant sighting confidentiality. This is where I see them lacking in providing the necessary info to shareholders. It is high time the Management buckle up and deliver the positive result.


waren
32 posts

Posted by waren > Aug 10, 2018 10:39 AM | Report Abuse

1.2 billion, 6% interest is 72 million.


sardin81
44 posts

Posted by sardin81 > Aug 10, 2018 10:58 AM | Report Abuse

oops sorry, see the numbers wrongly... 72 milllion annually at 6%, So, it is less than 6% I just simply do an rough guess at 6%. 47m finance cost, I think it is not something they cannot cope since they still have RM200 million cash. Worse case they can still sell off BORSIG, cash received will be more than enough to pay off all the bank borrowings with plenty of balance and they will be getting 47 million annually instead for doing nothing.

In the meantime the Bio-ethanol is bringing in good money for them, they still have some existing oil and gas contract that still contribute to them for at least few more years. BORSIG is also making some good money all over the world, I think the bank borrowing is still managable. Once Peterborough is up and running, more money will be coming in and I think it wont be very long because Chinese companies can build very fast.

Not forgetting to mention, any Waste to Energy project biddiing announcement in Malaysia will surely trigger a rally in KNM.

I think KNM is just buying time. They are not agressively bidding for projects.


ganapathy18
62 posts

Posted by ganapathy18 > Aug 10, 2018 11:42 AM | Report Abuse

Let's keep our fingers crossed for a good Q2, 2018 reporting. The truth will be known before end of this month


firewall9301
112 posts

Posted by firewall9301 > Aug 10, 2018 05:49 PM | Report Abuse

High stakes counter. Win Small Lose Big. Can you swim.against the tides and not bitten by those dog sharks???


greenland
6 posts

Posted by greenland > Aug 10, 2018 05:51 PM | Report Abuse

there are many companies that hoard huge amounts of cash with a passive management. It is useless for minorities..better buy unit trusts..
KNM has over the years transformed itself from a contractor into owner of utilities and industries which generates continuous income. Bank monies are meant to be borrowed and used for good projects.. nothing wrong even with over 1 billion in debt when its is put into a proven management team with experience and foresight.
Its management is definitely strong given that not many engineering firms actually own and operate huge utilities overseas...
Best part, at 0.20, risk is really minimal...


greenland
6 posts

Posted by greenland > Aug 10, 2018 05:52 PM | Report Abuse

its a gem here!


firewall9301
112 posts

Posted by firewall9301 > Aug 10, 2018 06:10 PM | Report Abuse

Syndicates can buy millions of these Penny shares and sell off at 1 -2 sen profit. They enjoy very very low Bokerage since it is a big NUMBER gain. Small punters are just feeding them with their hard earned monies. Syndicates target a penny stock. Buy in miilions shares at low price. Speculate and promote the counter with all the goodies....Sell off and leave the shohai s licking their wounds.


firewall9301
112 posts

Posted by firewall9301 > Aug 10, 2018 06:11 PM | Report Abuse

See they work in concert to promote this counter.


firewall9301
112 posts

Posted by firewall9301 > Aug 10, 2018 06:12 PM | Report Abuse

Tiada baik orang.


sardin81
44 posts

Posted by sardin81 > Aug 13, 2018 10:28 AM | Report Abuse

That is why we must once a while remind among ourselves here to hang on.Why are we holding on to KNM ? Sometimes after a while, we get fed-up that KNM shares does not move up we dump it to buy other hot moving counters. Seriously, if you don't need to use that money, just park it there, just like an FD, go for holiday. Capital appreciation easily more than 100%, I would not be surprised if KNM hit above RM1. KNM is heading to become an international green environment utility player ( future trend ).

If you look at today top active counter, I just do a random pick a share that is higher than KNM, let say FPGROUP. FPGROUP is currently trading around 40sen double of what KNM is now. It has no major asset, NTA is only half of the share price, while KNM NTA is more than 4 times of its share price. Just a brief check, FPGROUP seems to be an industrial service company which probably owns few CNC machine with some engineers help people to punch holes, cut some shapes and make small casing for other companies. Although profit making, how far can they go ? even an university student with good engineering skill and a decent CNC machine can set up a backyard business to do the same type of service that FPGROUP is doing.

KNM on the other hand, is building a massive industrial building, some even larger than a football field, makes thousands of world class advanced high tech industrial machineries larger than school bus and business that becomes part of a city infrastructure. Just a small portion of KNM facilities can do everything that FPGROUP is capable of doing. Strangely, totally ignored and trading at 20sen vs 40sen.

Peterborough construction wont take forever, Bio-ethanol production in Thailand will be more than doubled once their factory expansion is ready. These business are cash cow business, as long as it is production is on-going, profits is to be made. So if you have KNM, just hang on there, it wont stay below 20sen forever or for very long. Just think rationally, how much downside potential and how much upside potential ? Unless KNM going bust, which is not likely because they have the highly regarded German based BORSIG which can be easily sold off or even listed as last option ( which they don't really need to ). Even if we put aside BORSIG, Peterborough is disposed or listed is also capable of wiping out all the debts in KNM.

Risks are just simply too low in KNM for investment, reward potential are massive.


sardin81
44 posts

Posted by sardin81 > Aug 13, 2018 10:29 AM | Report Abuse

I am not saying cannot invest in FPGROUP, I don't know much of them. I just use them as an example why KNM is a good value investment at its current price.


ganapathy18
62 posts

Posted by ganapathy18 > Aug 13, 2018 10:43 AM | Report Abuse

Agree KNM has good future potential but positive turnaround need to happen by this year and KNM also need to update investor on latest development/progress on the Peterborough project.


firewall9301
112 posts

Posted by firewall9301 > Aug 14, 2018 08:51 AM | Report Abuse

If soooo good, why professional fund managers are not buying it now? Highly speculative counter with maximum risks.


greenland
6 posts

Posted by greenland > Aug 15, 2018 04:33 PM | Report Abuse

Thank you for your explanation Sardin81.


sardin81
44 posts

Posted by sardin81 > Aug 15, 2018 09:16 PM | Report Abuse

firewall, professional fund managers knows the true value of KNM, they simply cannot buy KNM because they have company investment rules to follow. Unless there is a sudden change in KNM with major news release, they have reason to bypass their investment rules. As for us, we are our own boss. We make whatever investment decision we like. Its either we want to take advantage by going in first ( cheaper ) or we want to wait until after the fund managers have already entered ( more expensive ).

Sooner or later we will get major news, for example, Completion of Peterborough or any progress write-up by some analyst, completion of Bio-ethanol expansion, surely will be accompanied by news release or news like winning local Waste to Energy projects. You will see fund managers come rushing in because they have the reason to bypass their investment rules. We have to go in before any of those news came out, otherwise it will be too late.

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