agni23all sophisticated fund like EPF long cabut already when they see o&g stock like KNM asking for MONEY $$$, now only left with petty shareholders like uncles and aunties whom kena trapped with no choice but to subscribe the Rights ... Pity these retirees ! all their savings suck by this debt-riden company !
Tan Yi HaoOil price did not go up just half year ago, and KNM did not go up just becos oil price went up. It was turning around. No doubt net profit is not great enough to beloudly shouted about, but profit is improving each quarter. With the greater oustanding contracts/sales to be realised in coming quarters, is it proper to use annualised basis when it comes to estimating whole year profit? Having said that I do agree that the stock may see some downside,at least in the short term
telusterangthis counter has a habit of putting a lot of profit in the unaudited accounts. This quarter KNM is doing a corporate exercise, sure they dressed up the number. Once the Rights is over, you will see BIG RED in the next quarter. No need to trust me, check your fact at their previous BURSA announcement !
Otherwise they won't earn their reputation as a con-man counter !
Tan Yi Haoanother side of the coin? out of curiosity , are you in this counter, telusterang ? you seem harsh in wordings with this company. Sorry I am new here
mohd2014Over reacted. Hopefully monday back to normal!
Chin Chee Bengi just bought it today @550. will buy more when reaching 500 and follow by 480. my guess only. any comment ?
Vin TanWhen market is up, promoters sing at how rosy the market is or will be , so that they can sell their holdings at higher prices. When market is down, doomsayers are everywhere, hoping to shake you out of market so that they can buy your shares at lower prices later. Hold your nerve !