rough calculation..........

RAPID capex 88,000,000,000

KNM get say 5% = 4,400,000,000 (5% x 88,000,000,000)

KNM net profit say 5% = 220,000,000 (5% x 4,400,000,000)

less 25% tax PAT = 165,000,000

Over 3 years = 55,000,000 per year

EPS = 0.0369 (55,000,0000/1,490,000,000) assuming no rights or bonus issues to raise fund..

at PE 15 the price is 0.55

but very likely the share capital will be increased so this 0.55 is subject to downward revision due to earning dilution.

The best plan is still sell now, buy back when lousy Q4 result is released by end of FEB.

There have been no project wins announced by KNM for years, so how to have good Q4 result??

RM 12 mils

KNM's total profit for the 3 quaters upto Q3 is RM 22.1 mils (Q1 4 mils Q2 11 mils Q3 7.1 mils)

plus Q4 12 mils total for 2013 would be RM 34.1 mils

KNM's Share capital is 1,466,000,000,

so EPS is 0.023. NOT 0.23

Say using a PE of 15x... KNM's price should be 0.35.....

KNM's profit cannot support even 0.50

This is all goreng, KNM's fundamental cannot support its price now. Do not be the last to sell!

I am not saying KNM price cannot go up, general lee have goreng YS1 and many more many times, general lee has got more than 3 ways to goreng, what I am saying is it is all goreng again. Beware

It is a good plan you have to admit.

Why dont you ask YS1 to predict the result for Q4?

The plan should be sell now, when KNM released lousy result by end of the month, buy back.

When KNM was lingering at 40 sen the target was modest; just want to break even, when KNM is at 75 sen the target now is to make huge profit. This is what is driving human being's progress........

YS1, I am not and also not trying to run down KNM, kindly consider this friendly warning fire.

Anyway,congratulation to you.

If after 10 sen the price goes up some more, KNM will reduce its par value to 1 sen. At this point TP RM 10. Really really really huat ah!!

OK la If wild predictions are what you want to hear, I have some too.

Seeing after the reduction of par value from RM 1 to 50 sen has the positive result of pushing KNM price to 70 sen...


Rumours from insiders who are close to General Lee have it that KNM is going to reduce its par value further to 25 sen. Huat ah!!

If after 25 sen the price goes up some more, KNM will reduce its par value to 10 sen. Really really huat ah!!

If after 10 sen the price goes up some more, KNM will reduce its par value to 1 sen. At this point TO RM 10. Really really really huat ah!!

Even the strongest supporter of KNM, YS1, has never dare to predict a profit of more than RM 25 mils per quarter in his wildest dream.

observer3 which part of the following is not right?



KMN price not supported by result.

Say using a PE of 10x... KNM's EPS must be 0.075 so that its price can be about the price now at 0.750 (0.075 x 10),


KNM's Share capital is 1,466,000,000,

so to get EPS of 0.075 KNM's Profit after tax must be RM 110,000,000,

KNM's total profit for the 3 quaters upto Q3 is RM 22.1 mils (Q1 4 mils Q2 11 mils Q3 7.1 mils)

To get the profit of RM 110 mils for year ended 2013, KNM's Q4 profit must be RM 87.9 mils, which is impossible, no way.

KNM's profit cannot support even 0.50

This is all goreng, KNM's fundamental cannot support its price now. Do not be the last to sell!

The Q4 result will be released this month, we will know for sure if KNM can make RM 89.7 mils in Q4.

But those who have been following KNM know there is no way KNM can have RM 89.7 mils profit for Q4. Not even for the whole year.

KMN price not supported by result.

Say using a PE of 10x... KNM's EPS must be 0.075 so that its price can be about the price now at 0.750 (0.075 x 10),


KNM's Share capital is 1,466,000,000,

so to get EPS of 0.075 KNM's Profit after tax must be RM 110,000,000,

KNM's total profit for the 3 quaters upto Q3 is RM 22.1 mils (Q1 4 mils Q2 11 mils Q3 7.1 mils)

To get the profit of RM 110 mils for year ended 2013, KNM's Q4 profit must be RM 87.9 mils, which is impossible, no way.

KNM's profit cannot support even 0.50

This is all goreng, KNM's fundamental cannot support its price now. Do not be the last to sell!

ys1 not yet sold your KNM??

Be careful, not supported by results. All goreng

ys1 it is very obvious you have already sold your KNM. Congratulations.

Congratulation ys1. Am sure you have sold. See you in next goreng.

Kong Hee Huat Cai!

Quickly move over to MAS as rumours have it that MAS is going to reduce its par value too.

Price target RM 20 when the par value is 0.1 sen. Huat ah!!!

If after getting a new wife the price goes up some more, General Lee will get a second new wife.

Price target RM 20 by the fifth wife. Huat ah!!!

If after the change of COO the price goes up, KNM will change its CEO.

If after the change of CEO the price goes up some more, KNM will change its CFO.

If after the change of CFO the price goes up some more, KNM will change its ED.

If after the change of ED the price goes up more, General Lee will get a new wife.

HUAT HUAT HUAT AH!!!!!!

KNM's TP is RM 20 when its par value is reduced to 0.5 sen. Hold KNM for long long long term, pass to your grand children.

KNM's TP is RM 10 when its par value is reduced to 1 sen. Hold KNM for long long long term.

Rumours from insiders have it that KNM is going to reduce its par value further to 25 sen. Huat ah!!

If after 25 sen the price goes up some more, KNM will reduce its par value to 10 sen. Really really huat ah!!

If after 10 sen the price goes up some more, KNM will reduce its par value to 1 sen. Really really really huat ah!!

3. RATIONALE FOR THE PROPOSALS

3.1. Proposed Par Value Reduction

As at 24 January 2014, being the market day prior to this announcement, the closing price of
KNM Share was RM0.565, which is at a discount of 43.5% to the existing par value of RM1.00
each in KNM share. The current market price of KNM shares is therefore not conducive for
KNM to embark on any fund raising exercise and/or corporate exercises involving issuance of
new shares. Accordingly, the Proposed Par Value Reduction will provide the Company with
greater flexibility to raise funds and to implement future corporate proposals which entail the
issuance of new shares.


This latest exercise by KNM is a big negative.


From the rationale above, it can be clearly seen that the intention of doing it is for KNM to have "....greater flexibility to raise funds and to implement future corporate proposals which entail the
issuance of new shares", which plainly put means KNM, at the moment, with its par value at RM 1 cannot do a rights issue as the price of rights issue cannot be lower than its par value of RM 1, as nobody will subscribe to its rights issue at RM 1 when the price now is just RM 0.545, even with some sweeteners such as bonus shares or free warrant thrown in, as such, it must reduce its par value.


But more importantly,

1. from the ".... to raise funds..... " it is shown, despite the recent loans it obtained, KNM is still short of fund and looks like it needed the fund urgently.

Everyone knows KNM has got this Borsig subsidiary which it has claimed is ready for listing, now, if KNM is in need of funds, wouldn't the best way to do it is to list Borsig??

BUT, KNM IS NOT DOING IT! WHY? IS THIS BECAUSE BORSIG IS IN FACT NO YET READY FOR LISTING?? THIS EXERCISE HAS SHOWN THAT BORSIG WILL NOT BE LISTED ANYTIME SOON!


2. Instead of working hard to generate profits to boast its share price to beyond RM 1 to meet its par value of RM 1, KNM has now proposed to reduce its par value to meet its pathetic profits.

IT SEEMS KNM IS NOT CONFIDENT THAT IT WILL BE ABLE TO IMPROVE ON ITS PROFITS IN THE FUTURE.


3. KNM's share capital is already huge, if there is further issuance of new shares under a rights issue and bonus issue, KNMs capital will be really huge.

COUPLE THIS HUGE CAPITAL BASE WITH THE PATHETIC PROFITS AS NOTED IN 2 ABOVE, THE RESULT WILL BE A HUGE DILUTION OF ITS EPS. YOU WILL BE SEEING EPS OF 0.0000001 SEN OR SMALLER. HOW IS THIS EPS GOING TO SUPPORT KNMs SHARE PRICE??


Based on 1, 2, 3, I have now turned negative on KNM as Borsig will not be listed anytime soon, its profits will not improve, and yes even most likely there will be some sweeteners such as bonus shares or free warrant thrown in if KNM were to have a rights issue, its profits will not be able to support its share price, which is precisely what is happening now.

HISTORY REPEATING ITSELF!

what you are looking at now is KNM being re-rated.

Now, would be the best time to list Borsig, as the loan profile is better and the Euro is recovering.

KNM borrowed Euro 330mil to buy Borsig.

Now the new credit facilities is just Euro 220mil, and only Euro 60mil is term loan, the rest is just guarantee facilities.

This is progress, and material for re-rating of KNM.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496337

When the whole world is shiting bricks over the QE tapering, KNM is going up. Class!

Just look at tommorrow????? Just tommorrow??

Even if only window dressing will last till at least Christmas day, man. Up trend is still young.

It is a good sign that KNM is acting like a normal counter now, no crazy panic over-whelming sellings seen.

Guess those who wanted to sell have already sold. KNM price is no longer under selling pressure.

Have profit, hence, confirmed that KNM is not closing shop anytime soon.

With the recovery of the EURO and US$, KNM is getting better by the days.

Very sorry to contra players

Insiders are pushing down KNM now to buy for the last round before the release of a good 3 Qtr result......

When KNM can collect the RM 50 Millions being owed by Mission Biofuel SB, its profit will go up by RM 50 Millions and its cashflow will get a RM 50 Millions boost.

Positives are abound for KNM, very good 3 Qtr result, listing Borsig, profit on sale of Brazil unit, new projects etc etc.

And, also with Felda Global Ventures Bhd's purchase of Mission NewEnergy biodiesel plant in Kuantan for US$11.5Mil, KNM could well be collecting its RM 50 Mil being owed by Mission Biofuel SB soon??

slow n steady slow n steady.. no hurry.. uptrend is confirmed already

For those who still keep looking at the past.... By gone is by gone.

At the price now... KNM is low risk HIGH RETURN

Exactly at 0.495... Good sign!

Chart based traders are seeing the goods of KNM... and going to close at 0.495. Traders will come in tommorrow

Stay above 0.495 today and traders will come in tomorrow

Trading volume for today up to now is RM 27 millions and 72% Buy

>>>>> 31153115 cos everyone still in pain!!!

Yes everyone, you and the rest, still in pain and not buying......

But the buying is non stop, how many millions RM have been bought by buyers... ask yourself: Who is buying if not insiders?

KNM is a turnaround story, this up in price wont stop at 0.50!

KNM businesses r ok now... it is just investors lack confidence but once the confidence restored KNM price wont stop at 0.50! Once confidence restored d discount market placed on KNM's price will be gone.

Many +sive in store... Borsig listing, Euro recovery, Profit from sale of loss making Brazil unit, new projects..... best thing is the price is still so low.

Anyone of u put in any big buy orders???

No................. so stil not convinced it is d insiders buying!

This is for real

KNM is temporarily affected by d market, it wil recover as KNM is ok now

n when news released... knm go up to rm 1...

price staying above 1st support at 0.465... later wil take out 0.495... n traders wil join in due to bullish ta trend... n knm wil go up to 0.60..

Yes, dont sell too soon now.

Volumn like this, % up like this cannot be a one day affair.

Good for you YS1