Just look recent letigation, they finaly won RM4 m claims, this further strengthen their balance sheet

Previous people avoid to deal with O&G counter, now KNM are clean up the under utilise asset and transform into recurring income business, for Fund manager, it hard for them to enter while KNM only make one quarter profit, their analysis mainly on historical proven track record to forecast future trend, they need to observe few quarter, especially when reach RM1, they say still very cheap and recommend Buy call with target price RM3.
When many years ago, KNM making good results for many quaters, when gradually profit less, fund manager still rate Buy call by hopping KNM get big project like Pengarang project etc. Then, order book keep decreasing from few billion orders, but fund manager still ask to HOLD this counter because the NTA still high, the share price are deep discounted. Finally,, when continue few quaters make losses, they recommend to Sell call or Cut loss or Stop loss.

For the past few years, Borsig is making money, but others entity in KNM business at North America, Middle East making losses due to less order from O&G market, finally last years they write off into impairment lost, now this year onward what ever from Borsig and Ethanol business will direct contribute to group profit, likely will unleash more recurring profit on expansion Thai Ethanol plant. Any sudden WTE order will be the bonus

Imagine their investment if this project start last few years when pound very much appreciate about 30% high compare to current level.

Pound depreciate will create golden opportunity for KNM to kick off (July2019) their project RM1.9 billion with cheaper investment during this three years, Peterborough will generate income after 3 years where pound likely back to previous glory level.

Peterborough with IRR 8 years means the CASH COW will contribute another RM234 million when running full, it's just like 200% of Borsig profit which is currently earn at RM120 million

Previous without Thai Ethanol plant and Peterborough UK, Lee already offer 3.5b take for private. Now with two new recurring income asset, KNM may worth min RM4.5billion, as today market cap only around 1 billion, This may the caused why they recently keep sapu from open market.

RM1 just easy with current tangible ethanol plant and Borsig business. In three years , once UK wte run , the profit will be another IRR 12.5% based on 1.9b project, another RM 237 million profit. Thus, min RM 3 Cross easily. Partly Peterborough project will carry out by Borsig, Borsig business benificial directly, win win situation

The boss may get financially loss due to last many years margin call. They now realise the important of shareholding, they start buy back from open market. Based on nta RM0.65,, anytimes just pay few hundred million, someone can immediate control 51% stakeholders. Where can control a company that able generate hundred million profits.

Morning wake up, now look like the share has been start wake up. Nightmare is over. With hiigh quality Ethanol product , Chervon already book KNM Thai ethanol plant output 40% for the next 5 years. This link a project company transform it business into high end retail reccrring income. Next year, once additional 300,000 litet per day 2nd phase plant complete, Ethanol segment will contribute at least 20% of group revenue.

Previous knm own borsig but also own underperform asset mainly from Arab and Canada that caused continue losses, last year end they clean up RM561.29m asset include RM337.58m tax loss carry forward. This made their asset shinning again and create value investor attention

Today real Flyday

EPF was a substaintial shareholder before, its simple for them to invest few hundred million to control an international technology market leader. Talking the coming project Peterborough, after 3 years, the immediate income will be IRR 12.5% on top of RM1.9billion investment. Very secure reccurance income of UK tier 1 WTE business.

Market cap below 1B can easily handle by local fund, foreign fund get attention when the share price above RM1. But if foreign fund know KNM own Borsig, they may joint in earlier especially when company show profit for consercutive few quater. Be patient

James Ng is quite neutral due to his video declare as light chat, just common brief us shall be OK. That why he feel shocking on such re-rated counter share price jump like without fundamental.In depth, common o&g counter NTA is high. Last year KNM nta 0.97 but when they trim to 0.65 remain the quality asset like Borsig and Bio Ethanol plant will be distinguish KNM with other common O&G asset. German world class technology enterprise with profit 19% margin and recurrence income ethanol plant, any reason to take discounted NTA ?
Later he start realise Dialog is one example to turnaround from project basis to recurring income counter, look at the share price will understanding why Dialog share price up from 0.40 to rm3.70. But KNM is not like Dialog only, he capable to build WTE, tier 1 category waste management system. This all cutting edge competency was status KNM as market leader

This is not a contra counter, trending showing long term growth and revamp counter, people just hope sell now can buy at lower price.But it not be happen while a counter anytime due for harvest

@small investor, KNM own Borsig on 2008 at Euro350m not 1B, current refinance it at 0Euro200m

Think about if we start a business, with inject capital, how long it take profit ? it might no profit or it take years to breakeven. But you have to bear and suffer all losses during the established period, it it not easy to get a stock that really past through the hard time and now start enjoy the harvest, just enjoy the capital gain for next up trend, happy holding or recover your investment loss where investing at unfortune timing in the past.

Opportunity to local textile industry, while order back to regional country, the utilisation of new fabtic mill wiĺl also incease , then their profit soon will fly back to previous level.

Conservative Calculate: KNM own KNM Impress 72% plant in Chachoengsoa,Thailand based on 200,000 liter.day, 10% margin.
RM450,000,000 Revenue x 10% Margin x 72% ownership = RM32,400,000 profit annually.
Further this year will completed additional 300,000 liter capacity, next year will be another RM48,600,000 profit.
Borsig profit around 120 million, thus RM200,000,000 on hand profit is not a dream, IF based on Dialog PE37,Fund manager still keep recommend BUY call, so KNM RM3.00 is in fair value

Congrat patient holders. Now, best Q result for the last 3 years!,

Last few years to market worry that their order decreasing over the years due to all income by project basis, now things changed. Last time they might acquired Right company at Wrong timing, timing can change over time. Now they own Right company at the Right time at just pay 16 sen PP can own more share to control the company. Imagine their spend Billion to own Borsig.
The impairment lost and intangible asset mostly settle, Borsig deliver cash cow income, phase 2 Ethanol plant next years will continue add more income soon, Unlikely Share Price will perform poor than last few years. This company not only got German Technology. The also collaborate with Japan player like Hitachi on the Negeri Sembilan Tanah Merah WTE project which will expected deliver this years, proven track record

Stock price are look at future, a company now transform into future trend business, it will provide platform all new opportunity to raised their income, conventional business now just maintain few percent margin every years. By new model business can reach 20%, like WTE business, is new era of human lifestyle needs.
Another green business like bio fuel, ethanol plant, this all can be massive demand and expansion. With this on track now, the share price will trade at phase 2, RM0.30 to RM 0.50

EUR200 million repayment in 5 years, Borsig like cash cow business

Exactly, last year Nov, when they announce rewarded project from China, the next is share price fall from 14 sen to 7 sen, Let people fell like this counter no tomorrow, but if you buy by Q, you only able buy in small portion, they try to SAPU most of the time.

Compare last q loss few hundred million, if this q able narrow to few million losses, anytime will stay above RM0 20.
If they want screen out weak holder, the losses can be few hundred million, price will down to 15 sen where PP take place.
Current price shall be safe where director recent enter price, for a business recovery stock, influence from trade war almost none.

Director buy back on 24 Apr 19, last year at 17.5sen they sell to open market

Director Sapu a lot on 24 April at open market

Since ipo this stock already factor in all negetive sentiment, neglect expansion and market leader potential, any good news in future will spark this share

KNM becomes penny stock from many years ago is becos earning no stable, once it sùccessful turn into reoccurence income business model, it would back to blue chip. See Dialog històrical path will know how a penny stock turn into medium cap blue chip

Really take care ikan bilis, otherwise if right issue, we need to top up investnent.it just like mini IPO

Very much depand on market sales price, even can made losses in any quater

Timing is king
On Jul 2009. 2019
KNM RM3.46. RM0.17
DIALOG RM 0.40 RM3.25
Both are OG stock

High oil price will directly boost up biofuel product like ethanol price and consumption.

@ Amukutty, WTE, waste to energy , is a technology to replace waste to dump at landfill. Nowdays land is expensive and the heat generate from waste can convert to electricity or hot water in some country. KNM own Borsig in Europe which is a world class technology company competencies in WTE, a future waste handling method. My 2 cents sharing

Above RM0.30 must show profit, last year before made losses, few million profit per quarter. Share price will sustain at this level (Phase 1).
Now, with Ethanol plant stable income RM0.50 shall be soon (Phase 2).
(Phase 3)RM0.50 to RM1.00 need UK WTE income in pipeline.
(Phase 4) above RM1, any mega project like local WTE, total annual profit above 100 million.
Every phase take about 3 to 6 months to realized.
Fastest by next year, latest by 2021 reach phase 4, patient investor will reward handsome

This is not T+3 counter, need have holding power. Up and down is marginal, accumulate mode

Phase 1:As long as market cap below 1b, without foreign fund shall be able reach 0.20.
Phase 2: After that if qr recover from losses, 0 20 to 0.50 anytimes will reach,
Phase 3: from 0.50 to RM1, need local fm attention when Thailand and UK profit stable.
Phase 4: Above RM1, foreign fund will in if sudden awarded mega project
Black horse for the next 2 years...

This can be proved by last QR with hugh losses 700Mil++ but share price and volume is positive moving upward

This ligitation timing is good position now, where remind public that knm involved actively in OG sector, so far, this year market hot theme with high trading volume. OG stock have chance limit up, Bottom up forming

In the Long Q, hard to buy at 10.5

Should show good QR, then bank green light for debt restucture

Shake out weak holders, then start climming, no reason down at this moment

Wow, Profit score historical high since listing

Accumualate mode, absorb from ikan bilis, later when explode up, sell back to ikan billis

Sell gloves Harta high pe and stagnent grow, buy in Kossan, next few year earning growth cycle is start.

Previous Q4 result so good, don't expect better results, the most is stagnant

No worry on naptha price, at demand market, all additional cost will easily transfer to customer, just like gloves industries

that is different between blue chip and red chip

Today first wave by retail, next week while Re-rated, the wave will lead by institution.